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AgriFORCE Advances Power & Compute Strategy with Commissioning of Oyen Site for Load Testing
Globenewswire· 2025-07-02 13:35
Core Insights - AgriFORCE Growing Systems Ltd. has successfully installed and commissioned miners at its Oyen, Alberta site, marking a significant advancement in its Power & Compute Initiative [1][2] - The Oyen site is part of a binding Letter of Intent with BlueFlare Energy Solutions Inc. and aims to optimize performance through load testing [2] - The CEO of AgriFORCE emphasized the strategic importance of utilizing underused natural gas resources to enhance operational efficiency and contribute to the company's Bitcoin treasury [3] Company Developments - The commissioning of miners at the Oyen site is a step towards expanding decentralized computing capabilities and is aligned with AgriFORCE's three-pronged approach: Bitcoin treasury accumulation, modular compute infrastructure, and energy-first monetization [3] - The company plans to grow its fleet of power-efficient mining rigs and explore additional avenues to augment its Bitcoin treasury, including the acquisition of Bitcoin [4] Strategic Partnerships - The collaboration with BlueFlare Energy Solutions Inc. is pivotal for AgriFORCE, as it supports the development of modular, mobile energy and decentralized compute solutions [6]
Foremost Clean Energy Announces Drilling at its Murphy Lake South Uranium Project
Globenewswire· 2025-07-02 13:00
Core Viewpoint - Foremost Clean Energy Ltd. is set to begin drilling at the Murphy Lake South Uranium Property, which is strategically located near the LaRocque Lake Conductive Corridor, known for high-grade uranium deposits [1][2][3] Company Overview - Foremost Clean Energy Ltd. is a North American uranium and lithium exploration company, holding an option to earn up to a 70% interest in 10 uranium properties across over 330,000 acres in the Athabasca Basin [10] - The company is focused on systematic exploration programs to make significant discoveries in collaboration with Denison Mines [10] Exploration Plans - Drilling at Murphy is scheduled to start in July 2025, with an initial phase involving approximately 1,500 meters of diamond drilling targeting graphitic faults and offset structures [6][7] - The drilling will focus on areas within 200–350 meters of the surface, allowing for efficient testing of the unconformity and underlying basement rocks [6] Historical Context - The Murphy Lake South Property has been previously explored by Denison Mines from 2008 to 2017, which identified uranium mineralization and key alteration features [5] - Historical drill results include significant intercepts such as 0.25% U₃O₈ over 6 meters and 0.13% U₃O₈ over 12.5 meters [5] Strategic Importance - The proximity of Murphy to the LaRocque Lake Conductive Corridor enhances its exploration potential, as recent discoveries have shifted perceptions of the Mudjatik Domain's viability [2][3] - The area remains underexplored, presenting a significant opportunity for future discoveries [7]
NextEra Energy Partners(NEP) - 2025 Q1 - Earnings Call Presentation
2025-07-02 11:51
Company Overview - XPLR Infrastructure operates approximately 10 GW of clean energy assets across 31 U S states[10, 13] - The company is the 3rd largest producer of wind and solar energy in the U S [11, 13, 54], with approximately 8 0 GW of wind, 1 8 GW of solar, and 0 2 GW of storage[11] - XPLR Infrastructure's net asset book value is approximately $20 billion, and its enterprise value is approximately $15 billion as of March 31, 2025[13] - The company's portfolio is diversified by technology, with wind accounting for 79%, solar for 18%, and battery storage for 3%[15] Financial Performance and Expectations - XPLR Infrastructure's 2024A Adjusted EBITDA was approximately $2 billion, and its 2024A Free Cash Flow Before Growth (FCFBG) was approximately $0 8 billion[13] - The company reaffirms its 2025 Adjusted EBITDA expectation of $1 85 billion - $2 05 billion[42] - The company expects 2026 Adjusted EBITDA to be $1 75 billion - $1 95 billion and FCFBG to be $600 million - $700 million[42, 54] - In Q1 2025, Adjusted EBITDA was $471 million and FCFBG was $194 million[38, 39] Capital Allocation and Strategy - The company completed a $1 75 billion HoldCo financing[34] - XPLR Infrastructure completed approximately $930 million buyout of CEPF 11 and plans to refinance those assets with traditional project debt[35] - The company is targeting approximately $1 1 billion to $1 2 billion in project-level financing in 2025 to support repowering capex[36]
