Midwest (MDWT)
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Energy Services of America to Present and Host 1x1 Investor Meetings at the 16th Annual Midwest IDEAS Investor Conference on August 27th
Prnewswire· 2025-08-20 14:18
Company Overview - Energy Services of America Corporation is headquartered in Huntington, WV and operates primarily in the mid-Atlantic and Central regions of the United States [4] - The company provides services to customers in various industries including natural gas, petroleum, water distribution, automotive, chemical, and power [4] - Energy Services employs over 1,000 employees on a regular basis, emphasizing core values of safety, quality, and production [4] Event Announcement - Energy Services of America will present at the Midwest IDEAS Investor Conference on August 27, 2025, at The InterContinental in Chicago, IL [1] - The presentation is scheduled to begin at 9:15 am CT and will be webcast, accessible through the conference host's main website [1]
BP's Whiting Refinery Hit by Flooding After Severe Midwest Storms
ZACKS· 2025-08-20 14:16
Company Operations - BP's Whiting refinery, with a capacity of 440,000 barrels per day, has experienced operational disruptions due to severe thunderstorms and flooding in Northwest Indiana [1][3][9] - Several major processing units, including crude distillation units and fluid catalytic crackers, were taken offline as a result of the flooding [2][9] - Emergency response teams are on-site, and flaring is being utilized as a safety measure to stabilize operations during the disruption [3][9] Industry Impact - The Whiting refinery is crucial for regional and national fuel supply, producing gasoline, diesel, and jet fuel, and any prolonged outage could affect fuel supplies, especially with the late summer driving season approaching [4][5] - Immediate price impacts on gasoline appeared limited, with Chicago-market CBOB gasoline trading at a 4-cent discount per gallon compared to the New York Mercantile Exchange futures benchmark [4] Financial Performance - Despite operational challenges, BP announced a larger-than-expected final dividend, which positively influenced investor sentiment and led to an increase in share prices [5] - The full extent of production losses at the Whiting facility remains uncertain, but analysts warn that extended downtime could tighten fuel supplies [5]
Denison Announces Results from Midwest ISR Preliminary Economic Assessment, Including After-Tax NPV of $965 Million
Prnewswire· 2025-08-06 10:30
Core Insights - Denison Mines Corp. has released a Preliminary Economic Assessment (PEA) for the In-Situ Recovery (ISR) mining of the Midwest Main uranium deposit, indicating a total production of 37.4 million pounds U3O8 over approximately 6 years, with an after-tax NPV of $965 million and an IRR of 82.7% [1][7][11] Project Overview - The Midwest project is a joint venture between Denison (25.17%) and Orano Canada (74.83), located 25 kilometers from the McClean Lake uranium mill [1][3] - The PEA highlights the potential for ISR mining to be a technically sound and economically robust method for uranium extraction, with low initial capital costs and high returns [5][6] Economic Metrics - The base-case post-tax NPV (8%) is $965 million, translating to Denison's share of approximately $243 million [7] - The pre-tax NPV (8%) is estimated at $1.62 billion, with a robust post-tax IRR of 82.7% and a payback period of approximately 9 months [11][36] - Estimated annual production is 6.1 million pounds U3O8, with total life-of-mine production of 37.4 million pounds U3O8 [7][22] Capital and Operating Costs - Initial capital costs are projected at $254 million, with Denison's share being approximately $64 million [7][31] - Average cash operating costs are estimated at $15.78 (USD$11.69) per pound U3O8, positioning the project among the lowest-cost uranium mining operations globally [9][33] Mineral Resource Estimate - The updated mineral resource estimate for the Midwest Main deposit includes 38.7 million pounds U3O8 in Indicated resources and 12.6 million pounds U3O8 in Inferred resources [14][15] - The effective date of the mineral resource estimate is December 2, 2024, and it reflects additional drilling activities since the previous estimate in 2018 [13][14] Mining Method and Infrastructure - The ISR mining method will utilize a three-phase development sequence over the projected 6-year mine life, optimizing NPV and capital efficiency [19][22] - The project will employ a freeze wall as a tertiary containment measure and will require a total of 676 ISR wells for complete coverage of the deposit [21][23] Processing and Environmental Considerations - Processing of uranium-bearing solution is assumed to occur at the McClean Lake mill, which has excess licensed processing capacity [24][25] - The ISR mining method is expected to reduce tailings and contaminant loading compared to conventional mining methods [26] Future Recommendations - The independent authors of the PEA recommend further evaluation and de-risking of the ISR mining method, including a potential Pre-Feasibility Study [39] - Additional work is suggested to focus on permeability characteristics, infrastructure designs, and cost verification [39]
Nevis Brands inks distribution deal targeting Midwest US - ICYMI
Proactiveinvestors NA· 2025-07-19 14:48
Core Viewpoint - Nevis Brands has signed a significant distribution agreement with ZT Distribution, allowing the company to expand its market presence by placing its hemp-derived THC beverages in nearly one thousand grocery and convenience stores across several Midwestern states [1][2][4]. Company Developments - The partnership with ZT Distribution marks a pivotal shift for Nevis Brands, transitioning from primarily operating in the dispensary market to mainstream retail environments, similar to where soft drinks and groceries are sold [4]. - The company is producing a ten-milligram version of its Happy Apple beverage, which is expected to be available in the market by mid-August [6]. Market Dynamics - The demand for hemp-derived THC beverages is increasing due to the mass acceptance and destigmatization of cannabis in the U.S., particularly in states like Wisconsin, Minnesota, and Illinois [5]. - The distribution of these products in grocery and convenience stores aligns with the trend of treating low-dose cannabis beverages similarly to beer, enhancing accessibility for consumers [5][6]. Financial Performance - Nevis Brands reported modest quarter-over-quarter revenue growth in its second quarter, although currency translation issues impacted overall financial results [7]. - The company is focused on cost management and driving EBITDA growth, aiming to improve its financial model by controlling production and wholesale pricing rather than relying solely on royalties [6][8][9].
Nevis Brands inks exclusive Midwest distribution deal for THC beverage Happy Apple
Proactiveinvestors NA· 2025-07-16 14:32
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
The Alkaline Water Company Announces Midwest Expansion
Prnewswire· 2025-06-26 10:00
Core Insights - The Alkaline Water Company is expanding its distribution of Alkaline88 products into 100 independently owned supermarkets licensed by Piggly Wiggly in Wisconsin and northern Illinois, enhancing its market presence in the Midwest [1][2] - The CEO of the company, Ricky Wright, emphasized that this expansion aligns with the company's strategy to increase brand presence and accessibility, catering to the growing consumer demand for clean and premium hydration products [2][4] - Alkaline88 is recognized for its clean ingredient profile, crafted through a proprietary electrolysis process that infuses purified water with Himalayan rock salt and electrolytes, achieving a balanced pH of 8.8 [4] Company Overview - The Alkaline Water Company, Inc. is a leader in the premium beverage industry, focusing on providing superior hydration solutions nationwide [4] - The company is committed to operational improvements, market expansion, and sustainable profitable growth under the leadership of co-founder Ricky Wright [4] - The company is also working towards achieving full SEC reporting compliance with the engagement of a PCAOB-registered auditor [4]
The Alkaline Water Company Announces Strategic Distribution Agreement with Leading Upper Midwest Independent Distributor
Prnewswire· 2025-06-03 10:00
Core Viewpoint - The Alkaline Water Company has announced a strategic distribution agreement with a leading independent food distributor, significantly expanding its market reach and enhancing the availability of its Alkaline88 product line across the United States, particularly in key markets during the summer months [1][4][5]. Group 1: Distribution Agreement - The distribution agreement allows the Company's flagship Alkaline88 gallon and 3-liter bottles to be available through the distributor's network, which serves over 16,000 locations across 32 states [2][4]. - The distributor will carry the Company's complete product portfolio, including all seven SKUs, providing a comprehensive range of options for retailers and consumers [3][4]. - This partnership aligns with the Company's national expansion strategy and is expected to enhance brand presence in strategic markets [5][4]. Group 2: Market Impact - The timing of the distribution launch coincides with the summer months, when consumer demand for hydration products typically increases [2][4]. - The distributor's extensive network includes diverse retail channels such as specialty grocery, deli, bakery, and foodservice operations, providing valuable access to a wide customer base [4][5]. - The agreement reflects the growing demand for the Company's products, which are characterized by a distinctive 8.8 pH balance and clean ingredient profile [5][7]. Group 3: Company Background - The Alkaline Water Company is recognized as a leader in the premium beverage industry, committed to providing clean and pure hydration solutions [7]. - The Company's Alkaline88 brand has gained strong consumer loyalty due to its simple ingredient profile and proprietary electrolysis process [7]. - Under the leadership of CEO Ricky Wright, the Company is focused on operational improvements and sustainable growth strategies [8].
The Alkaline Water Company Continues Midwest Expansion with Pete's Market
Prnewswire· 2025-05-28 10:00
Core Insights - The Alkaline Water Company is expanding its market presence in the Midwest by partnering with Pete's Market, a family-owned grocery chain in the Chicago area [1][2][3] - Alkaline88 products will be available in all 19 current Pete's Market locations, with 4 additional stores opening soon, enhancing the brand's visibility in a key consumer market [2][4] - The CEO of The Alkaline Water Company emphasized the alignment of brand values with Pete's Market, which is known for high-quality products and exceptional service [3][4] Company Overview - The Alkaline Water Company, Inc. is recognized as a leader in the premium beverage industry, particularly for its Alkaline88 brand, which features a balanced pH of 8.8 and a clean ingredient profile [6] - The company utilizes a proprietary electrolysis process to infuse purified water with Himalayan rock salt and trace minerals, ensuring a chemical-free product [6] - Under the leadership of CEO Ricky Wright, the company is focused on operational improvements, market expansion, and achieving sustainable profitable growth [6] Market Strategy - The Midwest is identified as a key growth region for The Alkaline Water Company as part of its national expansion strategy [4] - The partnership with quality retailers like Pete's Market is seen as a testament to the increasing consumer demand for Alkaline88 products across the country [4] - Recent retail placements in Arizona and Southern California indicate the company's commitment to expanding its national footprint [4]
The Alkaline Water Company Announces Midwest Expansion with Products Now Available at Woodman's Markets
Prnewswire· 2025-05-19 10:00
Core Insights - The Alkaline Water Company is expanding its distribution into the Midwest by placing its products at Woodman's Markets, a well-regarded independent grocery retailer [1][3] - The flagship product, Alkaline88 one-gallon bottles, will be available in Woodman's Markets' 24-hour superstores, providing access to a large customer base [2][5] - This expansion follows a recent placement in Southern California, indicating the company's commitment to strategic growth across the United States [4] Company Overview - The Alkaline Water Company, Inc. is recognized as a leader in the premium beverage industry, focusing on clean and pure hydration solutions [6] - The Alkaline88 brand is known for its 8.8 pH balance and clean ingredient profile, crafted through a proprietary electrolysis process [6] - The company is led by co-founder Ricky Wright, who is implementing strategies for operational improvements and market expansion [6]
Edible Garden's Kick. Sports Nutrition Gains Distribution at Major Midwest Big-Box Retailer
GlobeNewswire News Room· 2025-04-22 12:00
Company Overview - Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), focusing on locally grown, organic, and sustainable produce and products [4] - The company operates state-of-the-art vertically integrated greenhouses and processing facilities in New Jersey and Michigan, along with a network of contract growers [5] - Edible Garden has been recognized as a FoodTech 500 company and is a member of Walmart's Project Gigaton sustainability initiative [5] Product Launch - The Kick. Sports Nutrition product line is now available at a major Midwest big-box retailer, marking a significant step in the brand's omnichannel go-to-market strategy [1][3] - The product line includes clean-label, functional products such as plant-based and whey protein powders, with plans to expand into pre-workout, post-workout, and hydration formulations [2] Market Potential - The global sports nutrition market is projected to grow from $54.8 billion in 2023 to $103.3 billion by 2032, indicating a strong demand for natural and effective health solutions [3] - Edible Garden's omnichannel approach aims to meet this demand by providing convenience, value, and clean ingredients through both retail and online channels [3] Strategic Partnerships - The company is preparing for an e-commerce launch on Amazon, collaborating with Pirawna, a Verified Amazon Partner, to enhance its online distribution strategy [3] - This integrated distribution strategy combines the reach of physical retail with the scale of e-commerce, improving brand visibility and consumer accessibility [3]