Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Well this is better to see let's hope there is good news behind the scenes and it is not just a spike before a rug pull placing...
Come on Henrik, earn your money and try and dig VLS out of this hole.
Exactly JS.
Both the Bosch and Weichai SOFC systems are 100% based on the CERES tech. They cannot walk away from CERES. Of course the scale of any JV could potentially change. Given their publicised meet last week it seems Bosch and Weichai have a rock solid relationship that continues to move forward.
https://www.bosch-hydrogen-energy.com/sofc/?gclid=EAIaIQobChMI_cj82qm0ggMV45GDBx20-AqwEAAYASAAEgIKAvD_BwE
https://en.weichaipower.com/media_center/news/202302/t20230227_91668.html
Thanks for that JS. Ok cool, so maybe they started the commissioning before but the rig has now actually produced its first hydrogen.
Good to see the company doing the rounds anyway and trying to get the message out. During the sustainability prezzo yesterday Phil C did talk of talk of near term potential commercial updates.
Trading update would be great, the recent meet between Bosch and Wechai must have helped progress our JV sign off.
It's not a big deal, it's just a bit of additional PR or an old story that's still doing the rounds...
Fred - The article says it's producing hydrogen at the AVL site in Germany (in final stage of commissioning)so it must have some stacks installed in it!?
It is just a media press release unfortunately nothing new so not rns'able.. It was all included in the strategic highlights section of the interims dated 28th Sept:
'The first-of-a-kind megawatt-scale electrolyser is undergoing commissioning and initial testing at AVL in Germany, in preparation for deployment at the end of this year to Shell's R&D centre in Bangalore, India, in line with the timetable set out in the 28 June 2022 announcement'
' Our second-generation design of fuel cell stacks has passed Critical Design Review (a key milestone), which offers improvements in performance and cost for SOFC partners'
Wow, well done Rocket, great find. Looks extremely promising for a near term CWR update. Fuel cells mentioned multiple times in the full article...
'JINAN, China, Nov. 3, 2023 /PRNewswire/ -- On the 3rd November, China Weichai and Germany Bosch Group signed a strategic cooperation agreement on future technological innovation. The two parties will strengthen collaboration in the area of new energy, high thermal efficiency diesel engine, intelligent transport, etc., synergising the global R&D resources of both parties, capturing more critical core technologies, resolving worldwide issues, and jointly making new contributions to the development of the global industry.'
'Along with the rapid development of new energy vehicles, Weichai and Bosch have always been rapidly responded to market demands - envisioning a new outlook of the new energy, committing themselves into research development and commercializing of fuel cells products. These has opened a new chapter for the strategic cooperation between the two companies.'
From June trading update:
'Bosch and Weichai have reconfirmed to Ceres their commitment to the China JVs and are targeting signature this year'.
Yes it's been a long wait but will be a nice early Xmas present.
Looks like it wants to push back up again...
NAV of 13.8 million at end of June...
This is embarrassing for the government IMO that no one has yet stepped in to match their funding of this project. Yes SAF is more expensive to produce but the soon to be implemented 'revenue certainty scheme' will be designed to offer more favourable commercial outcomes for SAF. The government aloted a larger portion of their 'Advanced Fuels Fund' grant money to Velocys than to any of the other candidates (Alfanar / Fulcrum / Lanzatech)....
Yes, takeover rns in the morning please, lol.
Unfortunately i bought last wk at 1p........
Good call mate