Steel Pipeline – Storm Field Services LLC http://stormfieldservicesllc.com/ Tue, 22 Nov 2022 22:57:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://stormfieldservicesllc.com/wp-content/uploads/2021/05/storm-field-services-llc-icon-1-150x150.png Steel Pipeline – Storm Field Services LLC http://stormfieldservicesllc.com/ 32 32 Statement by Chairman of State Gas Limited to shareholders https://stormfieldservicesllc.com/statement-by-chairman-of-state-gas-limited-to-shareholders/ Tue, 22 Nov 2022 22:57:00 +0000 https://stormfieldservicesllc.com/statement-by-chairman-of-state-gas-limited-to-shareholders/

Brisbane, Australia (ABN Newswire) – State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) strives to be as responsive as possible to energy market dynamics and has therefore formulated a strategic response to signals from the market.

The main themes evident in the market are high gas and electricity prices, the need for energy security in Australia and elsewhere, and increased levels of volatility in the domestic gas market. The main causes are twofold, namely: the war in Ukraine, which highlighted the need for energy security; and recognition of the fundamental role played by natural gas as a key enabler of the energy transition. The intermittent nature of renewables requires the immediate response that gas generation can provide when the wind isn’t blowing or the sun isn’t shining. It should also be remembered that gas is an essential raw material for many industrial processes, the production of fertilizers, heating, and is a fundamental element of the products we use on a daily basis.

State Gas is fortunate to own both conventional gas and coal gas assets. CSG extraction is optimal when gas requirements are constant and constant. Conventional gas production, on the other hand, can be stopped and started at will. These characteristics facilitate our vision: to use our CSG as a base load to underwrite development infrastructures, while reserving the production of conventional gas which is more reactive and flexible to surf on gas price peaks.

We envision a three-stage development over the next five years, with the first stage being the trucking of compressed natural gas and the second and third stages involving the development and improvement of a physical pipeline.

We are now executing the first stage: our plan to produce, compress, transport and sell conventional gas from PL 231. We expect to deliver the gas in the first half of next year, in time for the next winter peak. Spot gas prices over the past six months have averaged over $26/GJ and the shortest distance to the East Coast pipeline system is approximately 70 km. If the average price of the last six months were realized, the estimated capital for this project would be reimbursed within six months. We have already purchased the compressor – the item with the longest delivery time – which should be on site by the end of February/beginning of March. Our recent agreement with MES, announced on November 10, provided the CNG cartridges and we are currently optimizing the purchase of the dehydrator. Approvals are in progress.

Stages two and three of our vision depend on the successful completion of production trials at Rougemont. This morning, we announced that the pair of vertical wells Rougemont 3 and Rougemont 2 is finally on pump. We will lower the water level slowly: Bandana coals are very sensitive to pressure differentials and the changes should be slow. It will take 2-3 months before we start exposing the coals and the gas flow begins to build.

The results of the production tests at Rougemont 2/3 should be known by the end of this fiscal year. Depending on these results, we aim to launch the feasibility study of a permanent fiber spar pipeline to one of the two gas pipelines of the existing network, allowing to start the sale of up to 15 TJ/day as early as 2024. .

If further drilling warrants production above this capacity, the proposed pipeline easement could be used for steel line augmentation subject to required approvals.

As can be seen, State Gas is about to experience an exciting period of growth. Our board has been strengthened with the appointment of Philip St Baker and Jon Stretch, both of whom have deep experience extracting value from highly volatile energy markets. Last week, we announced the retirement of Ian Paton as a director of the Company, and we thank him for his service and contribution to your Board.

Richard Cote
Executive Chairman
LIMITED STATE GAS

About State Gas Limited:

State Gas Limited (ASX:GAS) is a Queensland-based developer of the Reid’s Dome gas field, originally discovered during drilling in 1955, located in the Bowen Basin in central Queensland. State Gas is 100% owner of Reid’s Dome Gas Project (PL-231), a CSG and conventional gas play, which is conveniently located 30 kilometers south-west of Rolleston, approximately 50 kilometers from the Queensland Gas Pipeline and the East Coast Interconnected Gas System. .

Permian coal measurements in the Reid Dome beds are extensive across the permit, but the area had not been explored for coal gas prior to State Gas ownership. In late 2018, State Gas drilled the region’s first coal gas well (Nyanda-4) in the Reid Dome beds and established the potential for a major coal gas project in PL 231. Extension of coal measures in the northern and central areas of the permit was confirmed in late 2019 by drilling by the Company of Aldinga East-1A (12 km north) and Serocold-1 (6 km north of Nyanda-4 ).

State Gas is also the 100% holder of Prospecting Authority 2062 (“Rolleston-West”), a 1,414 km2 permit (eight times larger than PL 231) which is contiguous to the Reid’s Dome Gas project. Rolleston-West contains very promising coal gas (CSG) and known conventional gas targets in the permit area. It is not limited by domestic gas reservation requirements.

The contiguous areas (Reid’s Dome and Rolleston-West), wholly owned by State Gas, allow for the integration of activities and a unified development of gas superfields, providing economies of scale, efficient operations and an option to marketing.

State Gas is implementing its strategic plan to bring gas to market from Reid’s Dome and Rolleston-West to meet short-term anticipated shortfalls in the East Coast domestic gas market. The strategy is to advance a phased evaluation program

Source:
State Gas Limited

Contact:

Lucy Snelling
Head, Corporate and Commercial
E: lucy@stategas.com

Richard Cottee
Executive Chairman
E: richard@stategas.com
 
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How Brendan Fraser’s 2022 Redefined His Career https://stormfieldservicesllc.com/how-brendan-frasers-2022-redefined-his-career/ Sat, 19 Nov 2022 17:00:00 +0000 https://stormfieldservicesllc.com/how-brendan-frasers-2022-redefined-his-career/

Hollywood can be a volatile place, especially for A-listers. One minute you’re on top, your face on back-to-back blockbuster movie posters, and the next you’re replaced by a new generation of up-and-coming actors. The transition from top talent to a has-been is unfortunate. But in rare cases, the cycle can actually reverse.


Something like this seems to happen with Brendan Fraser. After years out of the public spotlight, leaving fans wondering where he went, Fraser is once again having a golden time in Hollywood (a Brendanbirth, If you want). This moment is not the result of a single thing, but of a combination of factors. Let’s see how 2022 became the year of a fresh start for Brendan Fraser’s career.

VIDEO OF THE DAY

Fraser’s Promising Early Years

Brendan Fraser in the movie School Ties
Paramount Pictures

The 1990s were a time of transformation for Hollywood. It was a time when the success of films still largely depended on actors and scripts instead of recognition of the franchise’s intellectual property. The industry was looking for promising new talent to become stars. Step into the 1992s Encino Mana goofy comedy featuring a charismatic performance by rookie actor Brendan Fraser.

The film established the tall, handsome young actor’s impeccable comedic skills and top-tier potential. A dramatic turning point the same year School ties proved that Fraser was not just a one-note comedian, but an all-around actor who could hold his own against the best of his peers, like his co-stars Matt Damon, Ben Affleck and Chris O’Donnell.

The era of mummies

The cast of Mummy with Brendan Fraser and Rachel Weisz
Universal images

Throughout the ’90s, Fraser steadily built an impressive resume as a likeable and charismatic leading man in multiple film genres. 1997 George of the Jungle proved to be a defining moment in the actor’s career, indicating he was ready to rise through the ranks of Hollywood’s leading men to ascend to the hallowed position of an A-lister blockbuster.

RELATED: Brendan Fraser Says Tom Cruise’s The Mummy Failed Because He Forgot One Thing

And then came the film that cemented Fraser’s status as one of the biggest stars of his generation. 1999 The Mummy was a film that few people had high expectations of. But its heady mix of action, adventure and old-school comedy resulted in a massive global hit. Fraser’s turn as cloak-and-dagger frontman Rick O’Connell drew particular praise, being compared to iconic characters like Indiana Jones and James Bond.

Brendan Fraser enters the big leagues

Brendan Fraser in Extraordinary Measures
Double feature films

Thanks to the success of The Mummy franchise, the 2000s were a great period for the career of Brendan Fraser. As well as reprising his role as Rick O’Connell, Fraser starred in a number of well-received films like Bedazzled, The Quiet American and Looney Tunes: Back in action. Although not all of the films were a giant hit, audiences continued to respond favorably to Fraser’s laid-back on-screen charm.

The actor also took time off from movies to appear in minor television roles. One of the most notable examples is Fraser’s appearance in two episodes of Scrubs, widely considered among the best episodes of the entire series. Seemingly incapable of making a bad film career, Fraser received a star on his home country’s Canadian Walk of Fame in 2006 for his contribution to the entertainment industry.

The missing years

Brendan Fraser in No Sudden Movement
Pictures from Warner Bros.

After two decades of working with the best talent Hollywood had to offer, Brendan Fraser’s career seemed to come to an abrupt halt in the 2010s. much more niche and quirky, like the Bollywood film where Fraser plays an undercover copor the 2013 direct-to-video Canadian action thriller To burst.

RELATED: Best Brendan Fraser Movies & Shows After The Mummy Franchise

Fans began to wonder about the strange new direction the actor’s career had taken and why he stopped appearing in mainstream blockbusters in lead roles. The truth is that Fraser’s private life at the time was going through extreme upheaval due to difficult divorce proceedingsand some serious workplace injuries. He also blamed his career downfall on sexual harassment which he personally experienced. All of this had a direct effect on his choice of roles and the type of projects he said yes to. The 2010s will end with Brendan Fraser’s virtual disappearance from the pop-cultural zeitgeist.

career change

Doom Patrol Brendan Fraser Diane Guerrero Avril Bowlby
HBO Max

Although he hadn’t appeared in any major projects for a decade, fans hadn’t forgotten about Brendan Fraser. So when the actor made his comeback with the 2021 Hollywood flick No sudden movementthe project was heralded by fans on social media as the return of a Hollywood favorite who had been missing from the big screen for far too long.

Fraser further proved that he was serious about his return and that he didn’t hang up on being considered an A-lister, when he accepted a supporting role as Cliff Steel on the DC Superhero Show Doom Patrol. Fraser’s turn as a tortured anti-hero was hailed as a show highlight and served to push the actor further back onto the Hollywood map.

Brendan Fraser returns with The Whale

Brendan Fraser in The Whale
A24

All of this led to 2022, when Fraser partnered with famous filmmaker Darren Aronofsky to star in the independent psychological drama The whale opposite stranger things star Sadie Sink. The film won rave reviews from critics, and Fraser’s starring role as an overweight man struggling to reconnect with his estranged daughter is being called his best career performance.

With an Oscar nomination for her role in The whale reputed to be heavily on the cards, Fraser is making a strong case for being put back on Hollywood’s A-list. While the high profile bat girl movie the actor was also set to star in has been canceled, Fraser has a number of interesting mainstream projects in the works, which means the 2020s could very well be the era of Brendan Fraser’s second coming.

]]> Regenerative Braking Systems Market Size, Growth and Trends https://stormfieldservicesllc.com/regenerative-braking-systems-market-size-growth-and-trends/ Tue, 15 Nov 2022 07:38:00 +0000 https://stormfieldservicesllc.com/regenerative-braking-systems-market-size-growth-and-trends/

Regenerative Braking Systems Market

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The main market players are: Continental AG, Delphi Automotive PLC, Aisin Seiki Co. Ltd., Adgero SAS, Denso Corporation, Autoliv Nissin Brake Systems, Eaton Corporation Plc, Magneti Marelli SpA, Maxwell Technologies, Mazda Motor Corporation, Robert Bosch GMBH and TRW automotive.

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The Regenerative Braking Systems Market report offers critical data based on systematic market segmentation. This study divides the market into several segments including type, technology, application, and geographical regions. Additionally, the report includes other details, such as product usage, production capacity, production information, and supply and demand market analysis. This study covers the retail sales, share and market revenue of this segment for the periods 2023-2032. The regenerative braking systems market is segmented by system (battery, flywheel, ultra-capacitors, hydraulic), by vehicle type (passenger, commercial, electric, defense, construction, agricultural tractors, others)

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Regenerative Braking Systems Market Growth Driver

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North America: United States, Canada, rest of North America

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Overview of the quince market
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PM Modi arrives in Bangalore; Kick begins his two-day visit to four Southern states https://stormfieldservicesllc.com/pm-modi-arrives-in-bangalore-kick-begins-his-two-day-visit-to-four-southern-states/ Fri, 11 Nov 2022 03:55:13 +0000 https://stormfieldservicesllc.com/pm-modi-arrives-in-bangalore-kick-begins-his-two-day-visit-to-four-southern-states/

New Delhi: Prime Minister Narendra Modi embarked on a two-day visit to four southern states from Friday to launch various development projects worth over Rs 25,000 crore.

Prime Minister Modi arrived in Bengaluru on Friday morning, after which he will travel to Tamil Nadu, Andhra Pradesh and Telangana on November 11-12.

STRONG POINTS

According to the Prime Minister’s Office, on November 11 at around 10:20 a.m., he will leave Vande Bharat Express and Bharat Gaurav Kashi Darshan Train at KSR Bangalore Station.

Around 11:30 a.m., PM Modi will inaugurate Terminal 2 at Kempegowda International Airport. Thereafter, around noon, he will unveil the 108-foot bronze statue of Nadaprabhu Kempegowda, followed by a public function in Bangalore around 00:30. Around 3:30 p.m., PM Modi will attend the 36th graduation ceremony of Gandhigram Rural Institute at Dindigul in Tamil Nadu.

On November 12, around 10:30 a.m., the Prime Minister will inaugurate and lay the foundation stone for multiple projects in Visakhapatnam in Andhra Pradesh. Around 3:30 p.m., he will visit the RFCL factory in Ramagundam, Telangana. Thereafter, around 4:15 p.m., the Prime Minister will inaugurate and lay the foundation stone for multiple projects in Ramagundam.

The Prime Minister will also signal Chennai-Mysuru Vande Bharat Express. Bangalore to Kranthiveera Sangolli Rayanna (KSR) station. It will be the fifth Vande Bharat Express train in the country and the first such train in South India.

The Prime Minister will also point out the Bharat Gaurav Kashi Yatra train from Bengaluru KSR station. Karnataka is the first state to take this train under the Bharat Gaurav program in which the government of Karnataka and the Ministry of Railways work together to send pilgrims from Karnataka to Kashi.

“Pilgrims will be provided with a comfortable stay and guidance for visiting Kashi, Ayodhya and Prayagraj,” the PMO said.

The Prime Minister will unveil a 108 meter long bronze statue of Sri Nadaprabhu Kempegowda. It is built to commemorate the contribution of Nadaprabhu Kempegowda, the founder of the city, to the growth of Bengaluru.

“Designed and sculpted by Ram V Sutar of the famous Statue of Unity, 98 tons of bronze and 120 tons of steel were used to craft this statue,” the PMO said.

PM in Visakhapatnam, Andhra Pradesh

Prime Minister Modi will devote himself to the nation and lay the foundation stone for projects worth more than Rs 10,500 crores. It will lay the foundation stone for the Andhra Pradesh section of the six-lane Greenfield Raipur-Visakhapatnam Economic Corridor. It will be built at a cost of over Rs 3,750 crore.

“The Economic Corridor will provide faster connectivity between the industrial nodes of Chhattisgarh and Odisha to Visakhapatnam Port and Chennai – Kolkata National Highway. It will also improve connectivity with tribal and backward areas of Andhra Pradesh and Odisha. The Prime Minister will also lay the foundation stone for a dedicated port road from Convent Junction to Sheela Nagar Junction in Visakhapatnam. This will reduce traffic congestion in the city of Visakhapatnam by separating local and port-bound cargo traffic,” the PMO said.

It will also dedicate to the nation, Narasannapeta at the Pathapatnam section of the NH-326A built at a cost of over Rs 200 crore as part of the Srikakulam-Gajapati corridor.

The Prime Minister will dedicate the ONGC U-field Onshore deepwater block project in Andhra Pradesh, developed at a cost of over Rs 2,900 crore, to the nation. It is the deepest gas discovery on the project with a gas production potential of approximately 3 million metric standard cubic meters per day (MMSCMD). It will lay the foundation stone for GAIL’s Srikakulam Angul gas pipeline project with a capacity of approximately 6.65 MMSCMD.

“This 745 km long pipeline will be constructed at a total cost of over Rs 2,650 crores. As part of the Natural Gas Network (NGG), the pipeline will create the vital infrastructure to supply natural gas to domestic households, industries, commercial units and automotive sectors in various districts of Andhra Pradesh and Odisha. The pipeline will supply natural gas to the city gas distribution network in Srikakulam and Vizianagaram districts in Andhra Pradesh,” the PMO said.

The Prime Minister will lay the foundation stone for the redevelopment of Visakhapatnam Railway Station, which will be done at a cost of around Rs 450 crores. The revamped station would handle 75,000 passengers a day and will improve the passenger experience by offering modern amenities.

Prime Minister Modi will also lay the foundation stone for the upgrading and upgrading of the Visakhapatnam fishing port. The total cost of the project is around Rs 150 crores.

“The fishing port, after upgrading and modernization, will double the handling capacity from 150 tons per day to around 300 tons per day, provide safe landing and mooring and other modern infrastructure will reduce turnaround times in jetty, will reduce wastage and help improve price realization,” the PMO said.

PM in Ramagundam, Telangana

PM Modi will dedicate and lay the foundation stone for several projects worth over Rs 9,500 crore in Ramagundam. He will dedicate the Ramagundam fertilizer plant to the nation.

“The foundation stone for the Ramagundam project was also laid by the Prime Minister on August 7, 2016. Driving the relaunch of the fertilizer plant is the Prime Minister’s vision to achieve self-sufficiency in urea production . The Ramagundam plant will make available 12.7 LMT per year of indigenous production of neem-coated urea,” he said.

The project was set up under Ramagundam Fertilizers and Chemicals Limited (RFCL) which is a joint venture of National Fertilizers Limited (NFL), Engineers India Ltd (EIL) and Fertilizer Corporation of India Limited (FCIL). RFCL has been given the responsibility of setting up the new ammonia-urea plant with an investment of over Rs 6,300 crores. Gas from the RFCL plant will be supplied through the Jagdishpur – Phulpur-Haldia pipeline.

The prime minister will dedicate the Bhadrachalam Road-Sattupalli railway line to the nation, which was built at a cost of around Rs 1,000 crore. It will also lay the foundation stone for various road projects worth more than Rs. 2,200 crores, namely the Medak-Siddipet-Elkathurthy section of NH-765DG; Bodhan-Basar-Bhainsa section of the NH-161BB; Sironcha to Mahadevpur section of the NH-353C.

PM in Gandhigram, Tamil Nadu

The Prime Minister will address the 36th Convocation Ceremony of the Gandhigram Rural Institute. More than 2300 students from the 2018-19 and 2019-20 batches will receive their diplomas during the graduation ceremony.

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States look beyond “lab to fab” https://stormfieldservicesllc.com/states-look-beyond-lab-to-fab/ Tue, 01 Nov 2022 20:55:00 +0000 https://stormfieldservicesllc.com/states-look-beyond-lab-to-fab/

New federal funding to encourage the construction of national chip-making facilities has thrilled state and local officials with the idea of ​​nurturing an ecosystem around new factories to create more opportunities for businesses and workers in the technology.

But it also presents a challenge for local authorities, which may need to make significant investments in infrastructure to support the construction of new factories or encourage chipmakers to reallocate manufacturing sites where utilities are already installed. .

Federal officials, who have previously said the $54.2 billion CHIPS and scientific law “will live or die by what happens at the local level,” said it is incumbent on governments to focus on improving entire communities, rather than just erecting a big chip factory.

“This is not a program to go and build a few factories and call it a day,” Sreenivas Ramaswamy, senior adviser to the Commerce Secretary, said during an October webinar hosted by the National Institute for Standards and technology. “This is a program to revitalize the entire national semiconductor ecosystem, to enhance our national and economic security.”

“It’s not just the lab to manufacture,” Indiana Gov. Eric Holcomb said at a conference in October. an event hosted by the Washington Post. Instead, local leaders should think about how governments can encourage other businesses to come and support the manufacturing effort.

This includes the companies that make the silicon wafers, the equipment and tools needed to build the chips, and the companies that supply the software, some of which may be onsite and others nearby. This means that state and local leaders should encourage investment not only in research and development, advanced materials and semiconductor design, but also robotic manufacturing, supply chain security, environmental protection. intellectual property and IT infrastructure such as cloud computing, data centers and broadband networks.

Manassas, Va., was home to a Micron manufacturing facility since 2002, which, in addition to directly employing approximately 1,600 people, is also home to Lam Research, which provides wafer manufacturing equipment and services, and other companies that support Micron’s business.

Patrick Small, director of economic development for Manassas, said that while semiconductor factories may not have the economic impact of a steel mill, they “still provide a steady stream of employment opportunities and contracts for this whole ecosystem that is the semiconductor industry”.

In an email, Jason El Koubi, president and CEO of the Virginia Economic Development Partnership, said Micron’s Manassas site “anchors a regional semiconductor manufacturing and innovation ecosystem that enhances the proposition value of Virginia as a leader in the semiconductor industry”.

During the same Washington Post event, U.S. Sen. Mark Warner (D-Va.) agreed that Micron is a “major anchor” in Northern Virginia, and local leaders elsewhere hope to replicate the benefits downstream in their own states.

“I think a lot of these states, as they weigh the possibility of going after one of the large manufacturing facilities, think not only that they will get the manufacturing facility, but that there will be a series of spinoffs and supply chains that go into this facility that will have long-term economic benefits,” Warner said.

Meanwhile, the potential for more jobs is also exciting state and local officials, not just the construction jobs associated with building new facilities, but also the high-skilled technology jobs that support production.

In Northern Virginia, Micron has already demonstrated how a semiconductor factory can support workforce development. In an email, El Koubi said the company has funded “the growth of a talent pool of scientists, engineers and technicians” at local academic institutions, including community colleges.

And Holcomb said Indiana already has strong partnerships in place with its high schools and colleges to offer diplomas, certifications and other educational programs in an effort to go “deep into the bench” and prepare students. to enter the semiconductor workforce.

“This is a holistic effort in terms of opportunities. Thousands of careers that are on offer are going to solve something that could become crippling if this supply chain becomes a supply problem,” he said. “We want it to be a supply gain, and we think they can realize that in the state of Indiana.”

But local communities must first invest in the physical infrastructure needed to support new manufacturing facilities. Micron took advantage of a former IBM facility in Northern Virginia, Small said, so it didn’t need to install new power, water and other utility infrastructure.

When Intel recently announced it would build two chip factories in Ohio, Columbus Mayor Andrew Ginther said construction on the nearly 1,000-acre megasite wouldn’t have been possible if the city hadn’t agreed to to help.

“Intel would not have chosen central Ohio as the location for its expanded operations if the city of Columbus had not agreed to provide water and sewer services for the site,” Ginther said during the NIST webinar. “Neighboring New Albany had the land, but we had the utilities, and we all worked closely with the state successfully to advance the area’s best interests.”

Companies looking to build large manufacturing facilities aren’t looking at “a cornfield in the middle of Kansas, 50 miles from the nearest water and sewage treatment plants,” Small said. The existing infrastructure is an essential part of the decision-making process. “It’s not just ownership,” he added.

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NioCorp will hold its Annual General Meeting on December 15, 2022 https://stormfieldservicesllc.com/niocorp-will-hold-its-annual-general-meeting-on-december-15-2022/ Fri, 28 Oct 2022 22:48:05 +0000 https://stormfieldservicesllc.com/niocorp-will-hold-its-annual-general-meeting-on-december-15-2022/

CENTENARY, Colo., October 28, 2022 /CNW/ — NioCorp Developments Ltd. (“NioCorp“or the”Company“) (TSX: NB) (OTCQX: NIOBF) is pleased to announce that it will be holding its 2022 Annual General Meeting (“AGM”) at 10:00 a.m. mountain time on Thursday, December 15, 2022at 7000 S. Yosemite St., Lower level conference room, Centennial, Colorado80112.

Shareholders registered in October 20, 2022, can vote their shares on the proposals to be considered at the general meeting either by proxy before the meeting or during the meeting. The proxy or voting instructions must be received in each case no later than 10:00 a.m. Mountain Timeon December 13, 2022, or at the latest 48 hours before the resumption of the General Meeting following any adjournment or postponement. The Notice of Meeting, Management Information and Proxy Circular and Form of Proxy relating to the AGM and the Company’s 2022 Annual Report will be made public no later than October 28, 2022.

No action is expected to be taken by the shareholders of the Company at the AGM with respect to the proposed transactions contemplated by the recently announced Business Combination Agreement, dated September 25, 2022among the Company, GX Acquisition Corp. II, and Big Red Merger Sub Ltd (collectively, the “Transaction“), or the approval of any element of the proposed transaction. A separate special meeting of shareholders of the Company is expected to be held to consider the elements of the proposed transaction.

For more information:

Jim SimsCorporate Communications Officer, NioCorp Developments Ltd.720-639-4650, jim.sims@niocorp.com

@NioCorp $NB.TO $NIOBF $BR3 #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek #EV #electricvehicle

About NioCorp

NioCorp is developing a critical minerals project in Southeast Nebraska which will produce niobium, scandium and titanium. The Company is also evaluating the production potential of several rare earths from the Project. Niobium is used to produce specialty alloys as well as high-strength low-alloy (“HSLA”) steel, which is a lighter, stronger steel used in automotive, structural and pipeline applications. Scandium is a special metal that can be combined with aluminum to make alloys with increased strength and better corrosion resistance. Scandium is also an essential component of advanced solid oxide fuel cells. Titanium is used in various light alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium, are essential to the manufacture of neodymium-iron-boron (“NdFeB”) magnets, which are used in a wide variety of military and civilian applications .

Forward-looking statements

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to, statements about NioCorp’s expectations regarding actions to be taken at the AGM. Forward-looking statements are generally identified by words such as “plan”, “believe”, “expect”, “anticipate”, “intend”, “outlook”, “estimate”, “expect”, “project”, “continue”, “could”, “may”, “might”, “possible”, “potential”, “plans”, “should”, “would” and other similar words and expressions, but the absence of such words does not mean that a statement is not forward-looking.

Forward-looking statements are based on the current expectations of NioCorp’s management and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions regarding: proposals to be considered at the AGM. These expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that could cause actual results or performance to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings by NioCorp with the SECOND and with applicable Canadian securities regulators and the following: NioCorp’s ability to operate as a going concern; NioCorp’s requirement for significant additional capital; NioCorp’s limited operating history; NioCorp’s loss history; cost increases for NioCorp’s exploration and, if warranted, development projects; disruption or failure of NioCorp’s information technology systems, including those related to cybersecurity; shortages of equipment and supplies; current and future offtake agreements, joint ventures and partnerships; NioCorp’s ability to attract qualified executives; the effects of the COVID-19 pandemic or other global health crises on NioCorp’s business plans, financial condition and liquidity; mineral resource and reserve estimates; mining exploration and production activities; the results of the feasibility study; changes in demand for and price of commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments; the need to obtain permits and to comply with laws and regulations and other regulatory requirements; the possibility that actual results of the work may differ from projections/expectations or fail to realize the perceived potential of NioCorp’s projects; risks of accidents, equipment failures and labor disputes or other unforeseen difficulties or disruptions; the possibility of cost overruns or unforeseen expenses in development programs; operational or technical difficulties related to exploration, mining or development activities; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of reserve and resource grades; claims to title to NioCorp properties; potential future litigation; and NioCorp’s lack of insurance covering all of NioCorp’s operations.

Should one or more of these risks or uncertainties materialize, or should any of the assumptions made by NioCorp’s management prove incorrect, actual results may differ materially from those projected in these forward-looking statements.

All subsequent written and oral forward-looking statements regarding the matters discussed herein and attributable to NioCorp or anyone acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unforeseen events.

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Niocorp Developments Successfully Demonstrates Ore Separation in Critical Minerals Project https://stormfieldservicesllc.com/niocorp-developments-successfully-demonstrates-ore-separation-in-critical-minerals-project/ Tue, 25 Oct 2022 23:53:12 +0000 https://stormfieldservicesllc.com/niocorp-developments-successfully-demonstrates-ore-separation-in-critical-minerals-project/

Niocorp Developments (TSX: NB) in Quebec has completed the demonstration of its process for removing calcium and magnesium from ore extracted from the Elk Creek Critical Minerals Project.

The successful result was part of the company’s Phase 1 operations for the plant. It also represented success in optimizing the business process flow diagram for this project. Additionally, the flowsheet was originally designed in tandem by L3 Process Innovation and Niocorp.

“The L3 team has worked very hard to complete Phase 1 of the demonstration plant and deliver results. We look forward to the completion of the remainder of the demonstration plant operations and, more importantly, rare earth metallurgical performance measurements showing the full potential economic benefits of rare earths for the Elk Creek Project,” said Scott. Honan, COO of Niocorp.

Niocorp is busy developing a critical mining project in Nebraska that will produce niobium, scandium and titanium.

Read more: Defense Metals and McLeod Lake Indian Band agree on Wicheeda

Read more: The Mugglehead Tech Roundup: Future Transportation Edition

Critical minerals and rare earth metals

Niobium can produce high strength, low alloy steel. It is a lighter, stronger steel used in automobiles as well as structural and pipeline applications. Scandium produces strong alloys with corrosion resistance. It also appears in advanced solid oxide fuel cells for certain battery types. Titanium is used in various light alloys. It commonly appears in pigments used in paper, paint and plastics, aerospace applications, armor and medical implants.

Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium, are required to manufacture certain types of magnets, which have uses in defense and various civilian applications.

The process of removing calcium and magnesium carbonates from the ore uses heat treatment and leaching. This is a well-known and proven process, and is part of the Phase 1 demo flowsheet. This step worked, producing a mixture of calcium and magnesium carbonate on a large scale. Eliminating carbonate minerals like this reduces production steps and increases efficiency.

The Elk Creek resource consists primarily of carbonate minerals. Its project’s mineral resource estimate does not include calcium or magnesium because the company has yet to test whether the deposit is worthwhile. However, the company plans to carry out an assessment and add these two elements to the resource estimate if the test is positive. The company will evaluate the material extracted from the demonstration plant after a financing round.

Phase 1 demonstration plant operations are underway as the company prepares for phases two and three.

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Fears of Russian threat to Norway’s energy infrastructure https://stormfieldservicesllc.com/fears-of-russian-threat-to-norways-energy-infrastructure/ Sun, 23 Oct 2022 06:44:36 +0000 https://stormfieldservicesllc.com/fears-of-russian-threat-to-norways-energy-infrastructure/

STAVANGER, Norway — Norwegian oil and gas workers normally see nothing more threatening than the waves of the North Sea crashing against the steel legs of their offshore platforms. But lately, they’ve noticed a more disturbing sight: unidentified drones buzzing in the sky above their heads.

As Norway replaces Russia as the main source of natural gas in Europe, military experts suspect the unmanned planes are the work of Moscow. They list espionage, sabotage and intimidation as possible motives for drone flights.

The Norwegian government has sent warships, coastguards and fighter jets to patrol around offshore installations. The Norwegian National Guard stationed soldiers around onshore refineries which were also buzzed by drones.

Prime Minister Jonas Gahr Støre has invited navies from NATO allies Britain, France and Germany to help solve what could be more than a Norwegian problem.

A precious little part of the offshore oil that provides Norway with huge revenues is used by the country’s 5.4 million people. Instead, it powers much of Europe. Natural gas is another product of continental importance.

“The value of Norwegian gas to Europe has never been higher,” said Ståle Ulriksen, a researcher at the Royal Norwegian Naval Academy. “As a strategic target for sabotage, Norwegian gas pipelines are probably the most profitable target in Europe.”

Airport closures and evacuations of an oil refinery and gas terminal last week due to drone sightings have caused huge disruption. But as winter approaches in Europe, there are fears the drones could portend a greater threat to the 9,000 kilometers (5,600 miles) of gas pipelines that connect Norwegian shipping platforms to terminals in Britain. and in continental Europe.

Since the beginning of the war in Ukraine In late February, European Union countries rushed to replace their Russian gas imports with shipments from Norway. The alleged sabotage of the Nordstream I and II pipelines in the Baltic Sea last month happened a day before Norway opened a new pipeline from the Baltic to Poland.

Amund Revheim, who heads the North Sea and Environment Group at the Norwegian South West Police, said his team had interviewed more than 70 offshore workers who had spotted drones near their facilities.

“The working thesis is that they are controlled from nearby ships or submarines,” Revheim said.

The winged drones have a longer range, but investigators have found the sighting of a helicopter-like bladed model near the Sleipner platform, located in a North Sea gas field 250 kilometers (150 miles) from the coast.

The Norwegian police have worked closely with military investigators who analyze maritime traffic. Some rig operators have reported seeing Russian-flagged research vessels nearby. Revheim said no model has been established from legal shipping traffic and it fears causing unnecessary and disruptive concern for workers.

But Ulriksen, of the naval academy, said the distinction between Russian civilian and military vessels is narrow and the reported research vessels could rightly be described as “spy ships”.

The arrest of at least seven Russian nationals caught illegally carrying or flying drones over Norwegian territory has raised tensions. On Wednesday, the same day a drone sighted planes on the ground in Bergen, Norway’s second largest city, the Norwegian police security service took the matter over to local officers.

“We have taken over the investigation because it is our job to investigate espionage and to enforce sanctions rules against Russia,” said Martin Bernsen, an official with the service known by the Norwegian acronym PST. . He said the “possible sabotage or mapping” of energy infrastructure was an ongoing concern.

Støre, the prime minister, warned that Norway would take action against foreign intelligence agencies. “It is not acceptable for foreign intelligence services to fly drones over Norwegian airports. Russians are not allowed to fly drones in Norway,” he said.

The Russian embassy in Oslo hit back on Thursday, saying Norway was suffering from a form of “psychosis” causing “paranoia”.

A naval academy researcher thinks this is probably part of the plan.

“Several drones flew with their lights on,” he said. “They are meant to be observed. I think this is an attempt to intimidate Norway and the West.

The wider concern is that they are part of a hybrid strategy aimed at both intimidating and gathering information on vital infrastructure, which could later be the target of sabotage in a potential attack on the West. .

“I don’t believe we’re headed for a conventional war with Russia,” Ulriksen said. “But hybrid warfare…I think we’re already there.”

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Follow AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine

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Saudi steel tax affects Gulf players https://stormfieldservicesllc.com/saudi-steel-tax-affects-gulf-players/ Thu, 20 Oct 2022 07:43:02 +0000 https://stormfieldservicesllc.com/saudi-steel-tax-affects-gulf-players/

Steel exports to Saudi Arabia from the Gulf Cooperation Council (GCC), and in particular the United Arab Emirates, have been severely affected since July 1, 2022, when the Kingdom imposed a 15 % on steel imports.

“Until now, GCC manufactured goods were exempt from import duties to Saudi Arabia. But from July 1, Saudi Arabia started imposing 15% tariffs on different products, including steel. This has had a huge impact on GCC steel players, [and] especially in the United Arab Emirates, because Saudi Arabia is a big market for certain steel products,” said Steevan D’Souza, vice president of Reliant International Group, which produces and exports steel billets, wire rod , slabs, as well as petrochemicals and petroleum products. .

In a June 2020 report, S&P Global Platts cites sources as saying that Saudi Arabia has raised import duties on various semi-finished and finished steel products to between 10 and 20 percent of the product’s value, up from previous levels. 5 to 10%. , effective June 20, 2020 and applicable to non-GCC producers.

The Kingdom’s steel imports include billets, rebar, and hot and cold rolled coils.

Dr. Musa Souri, CEO of Union Iron & Steel Company, an Abu Dhabi-based rebar manufacturer, said the 15% tariff has had a huge impact on GCC players in terms of rebar export.

“We were selling a decent percentage of our production to the Saudi market based on actual market demand and we were trying not to oversupply the country. Maybe the authorities decided it was best to protect their own market,” he said.

Last month, Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef said the government was focusing on location steel products and reduce imports by 50%.

Souri is optimistic that the situation could change. “…I think this is a transitional scenario in which the GCC could eventually come to an agreement. Maybe things will change,” he said.

D’Souza that the export situation is currently grim, pointing out that previously the UAE exported around 300,000 to 400,000 tons of wire rod and downstream products to Saudi Arabia.

“Today, exports from the United Arab Emirates to the Kingdom for these products are almost negligible as Saudi buyers do not find the prices competitive with local markets. As an investor, we were exporting around 40,000 tons of yarn machine to regional markets, Europe and Africa. Saudi Arabia was about 20% of our business, which is almost zero at the moment.”

Meanwhile, Saudi Arabia produces about seven million tons of various steel products per year.

“Players like Saudi Iron & Steel Co (Hadeed) are the backbone of steel and by-products. But look at the current projects. For example, Saudi Arabia has given the green light to build the city of NEOM. The first phase itself is expected to cost 1.2 trillion Saudi riyals ($319 billion). This means that there will be massive construction activity for a few years and the demand for steel will increase. Thus, a strong supply will be needed to meet the demand of all Saudi Vision 2030 projects in the Kingdom.

Strong investor interest

In fact, many foreign steel companies have announced major production-related investments in Saudi Arabia.

On September 1, Zawya Projects announced that the UK-based steel manufacturer JO Steel Holdings will invest $865 million to build an integrated billet manufacturing plant in the industrial city of Ras Al-Khair.

India’s Essar Group announced the same month that it planned to invest $4 billion in an integrated flat steel mill in the industrial city of Ras Al-Khair, according to Zawya Projects. reportquoting The Economic Times newspaper.

D’Souza noted that such investments will take three to four years to materialize.

“Thus, it would need a short-term solution because Saudi Arabia still has to depend on other countries for products like wire rod. However, at a recent conference, my main conclusions were that if the tariffs of 15% makes it difficult to sell GCC players in Saudi Arabia, the demand gap will be filled by countries like India and China as their prices are more competitive.

Souri added that changes on the pitch are inevitable. “All countries will go through the stages where they will first build infrastructure and cities where you will see more use of long products. Then they will go to the stability stage where they will need different types of steel at the “beyond rebar and long products. Demand will shift to profiles and flat products, and that’s where the market is starting to grow and mature – see Europe for example,” a- he declared.

On the other hand, in the context of the upcoming COP 27 summit in Egypt, the Saudi steel industry could be in an ideal position as decarbonization pressure on hard-to-reduce industries increases. Investment Minister Khalid Al-Falih recently Underline that CO2 emissions from steelworks in the Kingdom are 60% lower than the world average due to the use of natural gas and electricity instead of coal in production processes.

Global trends

Overall, steel prices fell around the world in the last three quarters of this year. D’Souza said: “Wire rods sold at $900 fob [free on board] amount to $620 fob today. In addition, energy costs in Europe have doubled, although demand is expected to increase significantly. »

He pointed out that most steel producers in Europe have stopped production and some factories have closed

|But sources could change where Far East Asia becomes more competitive for imports, as energy cost and labor cost are more feasible and manufacturers try to capitalize their export volumes. Therefore, overall, the market will pick up soon,” he said.

Souri agreed – “In the short term it’s not clear but in the medium/long term markets will see more stability,” he said.

(Reporting by Sona Nambiar; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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Commercial Metals Co. Posts Substantial Growth in Fourth Quarter Earnings Report https://stormfieldservicesllc.com/commercial-metals-co-posts-substantial-growth-in-fourth-quarter-earnings-report/ Fri, 14 Oct 2022 22:04:09 +0000 https://stormfieldservicesllc.com/commercial-metals-co-posts-substantial-growth-in-fourth-quarter-earnings-report/

Commercial Metals Co. (CMC), Irving, Texas, reported financial results for its fiscal fourth quarter, which ended August 31. or $1.24 per diluted share.

CMC indicates that during the fourth quarter, the company recorded net after-tax costs of $6.3 million for accounting adjustments related to the acquisition of Tensar Corp. Excluding these items, fourth quarter adjusted earnings were $295 million, or $2.45 per diluted share, compared to adjusted earnings of $154.2 million, or $1.26 per diluted share, in the fourth quarter of 2021.

The company says it generated record annual base earnings before interest, taxes and aromatization (EBITDA) of $1.6 billion. Core EBITDA of $419 million in the fourth quarter increased 64% year over year and was the second highest in company history. Basic EBITDA per ton of finished steel shipped increased $113 from the prior year quarter; favorable market conditions and operational execution more than offset inflationary pressures.

“Fiscal 2022 was another year of exceptional performance for CMC, with record financial results, as well as a significant advancement of our growth plan and our commitment to improving distributions to shareholders,” said Barbara R. Smith, Chairman of the Board, President and Chief Executive Officer. “The financial benefits of past and ongoing strategic actions have been demonstrated by record profitability and returns on invested capital.”

Smith says the company expects its more recent strategic initiatives, including the acquisition of Tensar, the construction of Arizona 2 and the announcement of a fourth micro-plant to serve the eastern United States. United, will drive the next phase of its accretive growth. Distributions to shareholders remain central to the company’s capital allocation strategy, with CMC repurchasing over $100 million of stock during the quarter and increasing our quarterly dividend by 14%.

The company says its balance sheet and liquidity position remained strong as of August 31. Cash and cash equivalents ended the quarter with a balance of $672.6 million, while available cash totaled over $1.3 billion. CMC repurchased approximately three million common shares during the quarter, returning $106.3 million in cash to shareholders. As of August 31, $188.1 million remained under the current stock repurchase authorization.

On October 11, the Board of Directors declared a quarterly dividend of 16 cents per CMC common share payable to shareholders of record October 27. The dividend to be paid on November 10 marks the 232nd consecutive quarterly payment by the company, and represents a 14% increase over the dividend paid in July 2022.

Demand for CMC’s finished steel products in North America was again robust during the quarter, with several key internal and external indicators pointing to continued strength. Downstream bid volumes, an important indicator of the construction project pipeline, increased significantly from a year ago, resulting in higher year-over-year backlog levels of orders. Industrial end-market demand remained stable, with conditions in most end-use applications unchanged from the prior quarter, but improved from the prior year period.

The company’s North American segment reported fourth-quarter fiscal 2022 adjusted EBITDA of $370.5 million, which was flat on a sequential basis, and up 75% from $212 million. dollars to the prior year period. The year-over-year improvement was driven by record steel product margins and a significant scrap margin increase on downstream product sales. Steel products have now seen six consecutive quarters of year-over-year margin expansion. Controllable costs per ton of finished steel shipped increased slightly from the third fiscal quarter and increased from the prior year period, due to higher unit purchasing costs for energy, alloys and freight.

Finished steel shipment volumes, which include steel products and downstream products, followed typical seasonal patterns and were down slightly from the prior year period due to customer destocking activities and the slowdown in the pace of construction on many sites due to personnel problems.

The average selling price of steel products increased by $204 per ton compared to the fourth quarter of fiscal 2021, while the cost of scrap used decreased by $47 per ton, resulting in an increase in year-over-year of $251 per ton of steel. product margin on scrap. The average price decreased $6 per tonne from the prior quarter. Average downstream product selling price increased $334 per ton from the prior year period and $104 per ton on a sequential basis. Future price indicators for new work entering the order book remain positive, as average price levels for bids and new awards have increased significantly compared to the 2021 period.

The Europe segment reported adjusted EBITDA of $64.1 million for the fourth quarter of fiscal 2022, down 5% from adjusted EBITDA of $67.7 million for the year period former. The average selling price increased by $125 per ton in the fourth quarter compared to the same period of 2021, while the cost of scrap used decreased by $13 per ton.

The result was a year-over-year margin increase on scrap of $138 per ton. The modest year-over-year decline in Adjusted EBITDA occurred despite higher scrap margin, due to lower shipment volumes, higher energy and alloys, the negative impact on earnings from the sale of higher cost inventory and the weakening of the Polish zloty against the US dollar. . Earnings levels remained historically high, with the fourth quarter result being three times higher than the quarterly adjusted EBITDA average of the previous ten years.

The company says European end-market demand was mixed during the quarter. Polish construction activity continued to grow on an annual basis, while industrial production in Central Europe contracted for several months. For most of the fourth quarter, volumes were negatively impacted by a supply chain destocking cycle that occurred following widespread provisioning of safety stock by end users and intermediaries after the outbreak of war in Ukraine. The purchase of safety stock significantly benefited CMC’s shipments during the fiscal third quarter, but the fourth quarter saw the opposite effect. This appears to have eased at the end of the quarter, due to a strong rebound in shipment volumes on a sequential and year-over-year basis.

“Market conditions in Europe are more uncertain, given the current energy crisis and slowing industrial activity,” Smith says. “However, CMC is well positioned to be competitive due to its leading cost position and operational flexibility. Scrap margins in North America and Europe are expected to compress from fourth quarter levels to remain competitive with raw material price changes and increased long steel supply from imports. »

The recent investment in a third rolling mill has positioned CMC’s Europe segment well to weather the current volatility. The asset provided improved operational and business flexibility and increased margins by eliminating billet sales to convert material to finished product.

The company’s new Tensar business generated EBITDA of $10.2 million during the fourth quarter. Excluding a $6.5 million charge to reflect the accounting effect of inventory purchases, EBITDA was $16.7 million on net sales of $74.1 million, generating a margin of 22.5%. Tensar’s financial performance is included in CMC’s existing operating segments, with North American results included in CMC’s North America segment and all other operations included in the Europe segment.

“We enter fiscal 2023 from a position of strength,” Smith says. “Our North American backlog volumes and average prices are at historically high levels.”

Smith says downstream bidding activity remains good, indicating a strong pipeline of projects entering the market ahead of any significant benefits from the Infrastructure Investment and Jobs Act ( IIJA) is promulgated last November. The company believes that the planned commissioning of CMC’s Arizona 2 micro-grinder next spring, along with the addition of Tensar’s engineering solutions capabilities, will provide it with greater flexibility to take advantage of these demand conditions. favorable.

“Looking forward, we expect strong financial performance in the first fiscal quarter,” Smith said. “Strong demand in North America for each of CMC’s major product lines is expected to persist. historically declined modestly from our fourth quarter levels.

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