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Ballard Reports Q1 2021 Results

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“Supported by a strengthening policy backdrop and increased customer engagement, we have clearer line of sight on long-term growth in our core medium- and heavy-duty motive applications of bus, truck, rail and marine,” said Randy MacEwen, President and CEO. “As a result, 2021 will be marked by increased and accelerated investment ahead of market tipping points. Bolstered by a fortified balance sheet, we will deepen our investments in talent, technology, products, advanced manufacturing, localization and customer experience.”

Mr. MacEwen continued, “In Q1, we delivered revenue of $17.6 million, gross margin of 15% and ending cash reserves of $1.27 billion. Although the China market remained muted while awaiting further policy pronouncements, activity levels were high across the entire Ballard organization. Indeed, on the commercial front, we witnessed unprecedented customer and industry engagement across our markets.”

Mr. MacEwen added, “We are pleased with the growing underlying interest for fuel cell buses in Europe, including follow-on orders from Wrightbus and Solaris. In the truck market, we progressed our co-development work with the Weichai-Ballard joint venture in China and with MAHLE on a fuel cell engine for the European market. Furthermore, yesterday we announced a strategic collaboration with Linamar, focused on powertrains and components for the class 1 and 2 vehicle market in North America and Europe. We have also announced a collaboration with Chart Industries for the joint development of integrated liquid hydrogen storage and fuel cell solutions for heavy-duty vehicles. We launched several rail programs during the quarter, including a fuel cell locomotive program with CP in Canada, a switching locomotive program in California, and a passenger train program in Scotland. We also initiated design work for a large-scale propulsion system for a marine customer in Australia and announced our membership in the Hydra Consortium for development of fuel cell systems to power heavy-duty mining equipment.”

Mr. MacEwen further noted, “On the technology and product development front, we continued to make measured progress on our key development programs, including ongoing work with our Weichai-Ballard JV in China. We are also tracking ahead of plan on our ‘3×3’ fuel cell stack cost reduction program, enhanced by breakthrough designs and performance from our MEAs and bipolar plates, continued progress with our supply chain, and implementation of advanced manufacturing initiatives.”

Mr. MacEwen concluded, “All indicators are that we will be set up for strong long-term growth as a result of the accelerated investment we are making this year. We also continue to assess strategic acquisition opportunities that will reduce customer friction points and simplify the customer experience.”    

Q1 2021 Financial Highlights
(all comparisons are to Q1 2020 unless otherwise noted)

  • Total revenue was $17.6 million in the quarter, a year-over-year decrease of 26% or $6.3 million, the result of lower Power Products and Technology Solutions revenue.
  • The Power Products platform generated revenue of $9.4 million in the quarter, a decrease of 25% or $2.8 million:
    • Heavy Duty Motive revenue was $6.9 million, a decrease of 33% or $3.4 million, due largely to lower product shipments to China;  
    • Material Handling revenue was $1.7 million, an increase of 148% or $1.0 million, primarily the result of higher fuel cell stack shipments to Plug Power;
    • Backup Power revenue was $0.8 million, a decrease of 39% or $0.5 million due primarily to lower shipments of fuel cell stacks for backup power in Asia.
  • The Technology Solutions platform generated revenue of $8.2 million in the quarter, a decrease of 29% or $3.4 million, due mainly to lower amounts earned from the Audi program.  
  • Gross margin was 15% in Q1, a decline of 6-points due primarily to lower revenue and a shift toward a lower overall margin product and service revenue mix.
  • Cash operating costs2 increased by 22% to $14.3 million in the quarter, resulting from increased expenditure on research and product development.
  • Adjusted EBITDA2 was ($14.0) million, compared to ($8.8) million in Q1 2020, primarily as a result of the decrease in gross margin, increase in cash operating costs and higher equity loss in the Weichai-Ballard JV.
  • Net loss and adjusted net loss were ($17.8) million in the quarter, increases of 36%.
  • Net loss per share2 and adjusted net loss per share2 were ($0.06), increases of 12%. 
  • Cash used by operating activities was ($15.7) million, an increase of 56%, reflecting cash operating loss of ($10.3) million and use in working capital of ($5.4) million.
  • Cash reserves were $1,270.9 million at March 31, an increase of 600% from the end of Q1 2020 and an increase of 66% from the end of the prior quarter, driven by net $527.3 million of cash raised in the quarter from a bought deal offering. Ballard also made a further capital contribution of $3.0 million to the Weichai-Ballard JV in the quarter.
  • During Q1 Ballard received $11.8 million in new orders and delivered orders valued at $17.6 million, reducing the Order Backlog by $5.8 million from the prior quarter, ending Q1 at $112.0 million. The 12-month Order Book was $73.1 million at end-Q1, a decrease of $10.4 million from the prior quarter.

Q1 2021 Operating Highlights

  • Announced that the Company’s PEM fuel cell technology and products have powered Fuel Cell Electric Vehicles, or FCEVs, in commercial Heavy- and Medium-Duty Motive applications for an industry-leading cumulative total of more than 75 million kilometers on roads around the globe.
  • Bus
    • Announced receipt of follow-on purchase orders from Wrightbus for a total of 50 fuel cell modules to power Fuel Cell Electric Buses – FCEBs – planned for deployment in a number of U.K. cities.
    • Received follow-on purchase orders from Solaris Bus & Coach S.A. for 10 fuel cell modules to power buses in The Netherlands.
    • Announced that Ballard is powering the first-ever FCEB – designed and built by Global Bus Ventures – in New Zealand.
    • Recognized Van Hool NV, a long-time bus OEM partner in Belgium, for its selection as a qualified provider of FCEBs for deployment in France.
  • Truck
    • Subsequent to the quarter, announced a strategic alliance with Linamar Corporation for the co-development and sale of fuel cell powertrains and components for class 1 and 2 vehicles, weighing up to 5-tons.
  • Rail
    • Announced that Canadian Pacific (CP) will employ 1.2 megawatts of Ballard fuel cell modules for North America’s first hydrogen-powered line-haul freight locomotive.
    • Received a purchase order from Arcola Energy for fuel cell modules to power a passenger train planned for demonstration during COP26, to be hosted by Glasgow City in November 2021.
    • Subsequent to the quarter, announced that Ballard will provide fuel cell modules to Sierra Northern Railway to power a zero-emission switching locomotive in Northern California.
  • Marine
    • Announced a non-binding Memorandum of Understanding with Global Energy Ventures in Australia, for the development of a new fuel cell-powered ship – called C-H2 Ship – designed to transport compressed green hydrogen.
  • Other
    • Signed a non-binding MOU with Chart Industries for the joint development of integrated system solutions that include a fuel cell engine with onboard liquid hydrogen storage and vaporization for heavy-duty vehicles.
    • Subsequent to the quarter, announced Ballard’s membership in the Hydra Consortium – together with Mining3 and ENGIE – focused on enabling heavy-duty mining mobile equipment to run on renewable hydrogen, displacing diesel and decarbonizing the mining sector. 
    • Subsequent to the quarter, issued Ballard’s “Environmental, Social and Governance (ESG) Report 2020”, highlighting the Company’s performance in a number of key areas and demonstrating an ongoing commitment to transparency and environmental leadership in the fuel cell industry.

Q1 2021 Financial Summary

(Millions of U.S. dollars)

     Three months ended March 31,


2021

2020

% Change

REVENUE




Fuel Cell Products & Services Revenue:1,2




  Heavy Duty Motive

6.9

10.3

-33%

  Material Handling

1.7

0.7

148%

  Backup Power

0.8

1.2

-39%

  Sub-Total

$9.4

$12.2

-25%

  Technology Solutions

8.2

11.6

-29%

Total Fuel Cell Products & Services

Revenue

$17.6

$23.8

-26%

PROFITABILITY




Gross Margin $  

$2.6

$5.0

-48%

Gross Margin %

15%

21%

-6-points

Operating Expenses

$18.0

$15.2

19%

Cash Operating Costs3

$14.3

$11.7

22%

Equity gain (loss) in JV & Associates

($3.0)

($2.5)

-20%

Adjusted EBITDA3

($14.0)

($8.8)

-59%

Net Income (Loss) 

($17.8)

($13.1)

-36%

Earnings Per Share

($0.06)

($0.06)

-12%

CASH




Cash Used by Operating Activities:




Cash Operating Income (Loss)

($10.3)

($7.0)

-46%

Working Capital Changes

($5.4)

($3.1)

-74%

Cash Used By Operating Activities

($15.7)

($10.1)

-56%

Cash Reserves

$1,270.9

$181.6

600%

For a more detailed discussion of Ballard Power Systems’ first quarter 2021 results, please see the company’s financial statements and management’s discussion & analysis, which are available at www.ballard.com/investors, www.sedar.com and www.sec.gov/edgar.shtml.

Conference Call
Ballard will hold a conference call on Tuesday, May 4, 2021 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2021 operating results. The live call can be accessed by dialing +1.604.638.5340. Alternatively, a live audio and slide webcast can be accessed through a link on Ballard’s homepage (www.ballard.com). Following the call, the audio webcast and presentation materials will be archived in the ‘Earnings, Interviews & Presentations’ area of the ‘Investors’ section of Ballard’s website (www.ballard.com/investors).

About Ballard Power Systems
Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks. To learn more about Ballard, please visit www.ballard.com.

Important Cautions Regarding Forward-Looking Statements
This release contains forward-looking statements concerning projected revenue growth, product shipments, gross margin, Adjusted EBITDA, cash operating expenses product sales and market adoption of fuel cell electric vehicles. These forward-looking statements reflect Ballard’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such statements are based on Ballard’s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard’s most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard’s actual results to be materially different include general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please refer to Ballard’s most recent Annual Information Form. These forward-looking statements are provided to enable external stakeholders to understand Ballard’s expectations as at the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements and Ballard assumes no obligation to update or release any revisions to them, other than as required under applicable legislation.


Endnotes:


1 We report our results in the single operating segment of Fuel Cell Products and Services. Our Fuel Cell Products and Services segment consists of the sale and service of PEM fuel cell products for our power product markets of Heavy Duty Motive (consisting of bus, truck, rail and marine applications), Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services, technology transfer and the license and sale of our extensive intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications.


2 The UAV market has been classified as a discontinued operation in our third quarter of 2020 consolidated condensed financial statements. As such, the assets of the UAV market have been classified as assets held for sale as of September 30, 2020. Furthermore, the historic operating results of the UAV market for both 2020 and 2019 have been removed from continuing operating results and are instead presented separately in the statement of comprehensive income as income from discontinued operations. 


3 Note that Cash Operating Costs, EBITDA, Adjusted EBITDA and Adjusted Net Income (Loss), are non-GAAP measures. Non-GAAP measures do not have any standardized meaning prescribed by GAAP and therefore are unlikely to be comparable to similar measures presented by other companies. Ballard believes that Cash Operating Costs, EBITDA, Adjusted EBITDA and Adjusted Net Income (Loss) assist investors in assessing Ballard’s operating performance. These measures should be used in addition to, and not as a substitute for, net income (loss), cash flows and other measures of financial performance and liquidity reported in accordance with GAAP. For a reconciliation of Cash Operating Costs, EBITDA, Adjusted EBITDA and Adjusted Net Income (Loss) to the Consolidated Financial Statements, please refer to Ballard’s Management’s Discussion & Analysis.


Cash Operating Costs measures operating expenses excluding stock-based compensation expense, depreciation and amortization, impairment losses or recoveries on trade receivables, restructuring charges, acquisition costs, the impact of unrealized gains or losses on foreign exchange contracts, and financing charges. EBITDA measures net loss from continuing operations excluding finance expense, income taxes, depreciation of property, plant and equipment, and amortization of intangible assets. Adjusted EBITDA adjusts EBITDA for stock-based compensation expense, transactional gains and losses, asset impairment charges, finance and other income, the impact of unrealized gains or losses on foreign exchange contracts, and acquisition costs. Adjusted Net Income (Loss) measures net income (loss) from continuing operations excluding transactional gains and losses, asset impairment charges, and acquisition costs. 

SOURCE Ballard Power Systems Inc.

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Energy

EQT Announces Pricing Of Offering Of Common Stock By Selling Shareholders

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PITTSBURGH, Sept. 28, 2021 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the Company or EQT) today announced the pricing of an underwritten public offering of 25,930,000 shares of its common stock by certain shareholders at a price to the public of $20.00 per share (the Offering). Such selling shareholders, who had received the shares as a part of the Company’s acquisition of Alta Resources Development, LLC’s upstream and midstream subsidiaries, have granted the underwriters a 30-day option to purchase up to an additional 3,889,500 shares of the Company’s common stock. EQT will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares being offered by the selling shareholders. The Offering is expected to close on October 1, 2021, subject to customary closing conditions.

Barclays and J.P. Morgan are acting as joint book-running managers for the Offering. The Offering is being made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission (the SEC) on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained on the SEC’s website at www.sec.gov or from: Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 888-603-5847, or by emailing [email protected], or J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (866) 803-9204, or by emailing [email protected].  

This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Contact:
Andrew Breese
Director, Investor Relations
412.395.2555
[email protected]

About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.

Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Statements regarding the Offering, including the expected closing, are forward-looking statements and are subject to known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed in such forward-looking statements. These risks and uncertainties include, but are not limited to, the ability to complete the Offering and general market conditions that might affect the Offering. Other risks relating to the Company are described under Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and other documents the Company files from time to time with the SEC. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE EQT Corporation (EQT-IR)

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Reconocida por el Foro Económico Mundial como Fábrica Faro Global, CATL lidera la producción sostenible y de alta calidad en la industria de las baterías

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Dado que CATL es uno de los 21 nuevos faros del mundo, el FEM hizo la siguiente observación sobre la competitividad en fabricación de CATL: “Ante el aumento de la complejidad de los procesos de fabricación y la demanda de productos de alta calidad, CATL aprovechó la inteligencia artificial, la analítica avanzada y la computación de borde/nube para lograr, en tres años, un índice de defectos por mil millones a una velocidad de 1,7 s por celda, a la vez que mejora la productividad de la mano de obra en un 75 % y reduce el consumo de energía en un 10 % al año”.

La GLN es una comunidad de los fabricantes líderes a nivel mundial que avanza en los niveles de eficiencia y sostenibilidad de última generación a través de la innovación. La designación de “Fábrica Faro Global” se otorga a líderes de fabricación que han tenido éxito en la implementación de tecnologías de la cuarta revolución industrial (4IR) como inteligencia artificial y analítica de macrodatos para mejorar la eficiencia y competitividad a escala, transformar modelos de negocios y lograr un crecimiento rentable, junto con la gestión ambiental.

Fabricación extrema para productos de alta calidad en la era TWh

La alta eficiencia y la entrega de alta calidad son las principales ventajas competitivas. Al aprovechar tecnologías de vanguardia como la inteligencia artificial y los macrodatos, CATL ha desarrollado un sistema de fabricación extrema que elabora productos de baterías de alta calidad a mayor velocidad y bajo procesos tecnológicos extremadamente complicados.

Utilizando un control de procesos inteligente basado en modelos y un sistema de inspección inteligente multimodalidad en todas las etapas de procesamiento, habilitados por el análisis de macrodatos y algoritmos de IA, CATL ha logrado mejorar su tasa de defectos desde el nivel de PPM (partes por millón) al nivel de PPB (parte por mil millones).

Gestión de energía inteligente para la sostenibilidad de la cadena de valor

Siguiendo la huella de carbono de la producción de baterías en todo el sistema, desde la minería, el suministro de materias primas, la fabricación y el uso, hasta el reciclaje, CATL ha desarrollado una plataforma inteligente de gestión de recursos y energía para reducir aún más las emisiones de carbono en la producción de baterías y desarrollar una cadena de valor más sostenible que involucra los siguientes aspectos:

  • Utilizar electricidad limpia generada a través de energía solar, eólica, nuclear u otras fuentes de energía limpia.
  • Analizar datos en tiempo real del consumo de energía de equipos clave con estrategias de producción para diseñar las soluciones energéticas más eficientes.
  • Lograr una gestión integrada entre las fábricas en conjunto.
  • Reducir el consumo de energía de la unidad en un 10 % y las emisiones de carbono en un 57 % (kg/kWh) al año.

Francisco Betti, líder de Manufactura Avanzada y Cadenas de Valor del FEM, señaló: “El aumento de la preocupación global por el impacto ambiental ha convertido a la sostenibilidad en un imperativo para mantener la viabilidad comercial. Estos nuevos faros dejan claro que, al explotar el potencial de las tecnologías 4IR en la fabricación, las empresas pueden aprovechar nuevos niveles de sostenibilidad en sus operaciones y explorar una solución beneficiosa para todos: mayor competitividad operacional a la vez que asumen compromisos con la gestión ambiental, lo que conduce a un futuro más limpio y sostenible”.

Más allá de sus instalaciones en Ningde, CATL ha creado otras ocho plantas de fabricación de baterías en todo el mundo, entre las que se encuentra su primera fábrica en el extranjero ubicada en Alemania. Designada como faro, CATL está lista para ampliar la experiencia de faro con el fin de desarrollar una red global de fabricación eficiente, sostenible y de alta calidad, y para ayudar a lograr el objetivo mundial de la neutralidad de carbono.

Acerca de CATL

Contemporary Amperex Technology Co., Limited (CATL) es un líder global en innovación en tecnología de nuevas energías que está comprometido a ofrecer soluciones y servicios de primer nivel para aplicaciones de nuevas energías en todo el mundo. En junio de 2018, la empresa empezó a cotizar en la Bolsa de Valores de Shenzhen con el código bursátil 300750. Según SNE Research, en el año 2020, el volumen de consumo de baterías para VE de CATL ocupó el primer lugar a nivel mundial por cuatro años consecutivos. CATL también goza de un amplio reconocimiento por parte de sus socios mundiales fabricantes de equipos originales (OEM). Para lograr el objetivo de sustituir los combustibles fósiles en sistemas de energía estacionarios y móviles por sistemas de energía eléctrica altamente eficientes que se generan por medio de baterías avanzadas y energías renovables, así como promover la innovación integrada de aplicaciones de mercado con electrificación e inteligentización, CATL desarrolla continuamente innovaciones en cuatro dimensiones: sistema químico de las baterías, sistema estructural, sistema de fabricación y modelos de negocio.

Para obtener más información, visite http://www.catl.com

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FUENTE Contemporary Amperex Technology Co., Ltd.

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Desert Mountain Energy Announces Agreement to Provide Consulting for Hydrogen / Compressed Air Energy Storage

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TSX.V: DME
U.S.OTCQX:DMEHF
Frankfurt:QM01

VANCOUVER, BC, Sept. 28, 2021 /PRNewswire/ – DESERT MOUNTAIN ENERGY CORP. (the “Company”) (TSXV: DME) (U.S. OTC: DMEHF) (Frankfurt: QM01) From the President of the Company.

Desert Mountain Energy Corp. (DME-TMX.V) is pleased to announce that it has entered into an agreement with Earl Resources Ltd. (ERL-TMX.V), to provide geologic, land, well planning, drilling and completion for the purposes of developing bedded and domal salt cavern energy storage in Arizona and the southwest. The Company will be reimbursed for all expenses and a modest handling charge. For those efforts the Company will receive a carried override position on any projects without any financial input. Likewise, if during drilling operations for Earl Resources Ltd., helium is discovered, then Earl Resources Ltd. will have an equivalent carried position on any production by the Company. 

“DME is pleased to announce the joint venture with Earl Resources Ltd. and the opportunity to participate in their energy storage business,” says Robert Rohlfing, CEO of Desert Mountain Energy Corp. “The expansion of the DME team has provided the resources to contribute to the joint venture and participate in its future success. Our treasury is committed to our plan of becoming a vertically integrated helium producer with the discovery of the McCauley Field and our decision to put it into production in 2022. DME intends to produce, process and sell finished processed helium directly to domestic helium consumers in the US.”

The Company is excited to provide these services and looks forward to development of our long-term strategic goals in the Southwestern United States. Furthermore, the Company has acquired specific leases and will be assigning those to Earl Resources Ltd. Currently all the leases to be assigned fall outside of the Company’s current operational area. 

ABOUT DESERT MOUNTAIN ENERGY

Desert Mountain Energy Corp. is a publicly traded exploration and resource company focused on the discovery and development of rare noble and hydrogen gas fields in the U.S. The Company is primarily looking for elements deemed critical to the renewable energy and high technology industries.

We seek safe harbor

“Robert Rohlfing”
Robert Rohlfing
Executive Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in polices of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company’s expectations.

Cautionary Note Regarding Forward-Looking Statements

This news 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 legislation. Such forward looking statements and information herein include but are not limited to statements regarding the Company’s anticipated performance in the future the planned exploration activities, receipt of positive results from drilling, the completion of further drilling and exploration work, and the timing and results of various activities.

Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, changes in national and local governments, legislation, taxation, controls, regulations and political or economic developments in Canada and the United States; financial risks due to helium prices, operating or technical difficulties in exploration and development activities; risks and hazards and the speculative nature of resource exploration and related development; risks in obtaining necessary licenses and permits, and challenges to the Company’s title to properties.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of the Company’s exploration operations, no material adverse change in the market price of commodities, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or information, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any forward-looking statements or information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not intend to, and nor does not assume any obligation to update such forward-looking statements or information, other than as required by applicable law.

SOURCE Desert Mountain Energy Corp.

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Comienza la 13.ª Expo China-Asia Nororiental en la zona noreste de China

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CHANGCHUN, China, 28 de septiembre de 2021 /PRNewswire/ — La 13.ª Exposición China-Asia Nororiental comenzó el jueves en la provincia de Jilin en el noreste de China, según el Consejo de China para la Promoción del Comercio Internacional, Comité de Jilin.

El evento de cinco días realizado en Changchun, la ciudad capital de Jilin, es la primera exposición internacional celebrada en el Asia Nororiental desde el inicio de la pandemia global de la COVID-19.

Más de mil empresas de unos 40 países y regiones se registraron en la exposición.

Los datos muestran que el comercio de China con los países del noreste asiático alcanzó un total aproximado de USD 417.900 millones en el primer semestre de este año, un aumento interanual del 26 %. El valor acumulado de la transacción bidireccional superó los USD 250.000 millones.

China ha estado profundizando la cooperación en construcción de infraestructura, energía, manufactura y agricultura con estos países.

En los primeros ocho meses de este año, el volumen del comercio entre Rusia y China fue de casi USD 90.000 millones, un tercio más que el año anterior año al año, afirmó Andrey Denison, embajador ruso en China.

Durante la exposición, los participantes llegaron a un consenso en el sentido de que la pandemia ha puesto de relieve la necesidad de acelerar la integración económica regional, y los países de Asia Nororiental están aprovechando nuevas oportunidades para la cooperación económica y comercial en la región.

Ahora, China y los países del noreste de Asia están manteniendo diálogos y cooperación en diversos marcos de cooperación económica regional, como la iniciativa de la Franja y la Ruta y la Asociación Económica Integral Regional (RCEP). Además, todos los países han visto más oportunidades de cooperación en áreas como la innovación y el desarrollo de la economía digital y los esfuerzos conjuntos ante el cambio climático global.

Nagasaka Yasumasa, ministro estatal de Economía, Comercio e Industria (METI) de Japón, dijo que la rápida implementación del RCEP ampliará aún más la cooperación en el noreste de Asia.

Señaló que muchas empresas japonesas tienen negocios en la región noreste de China. Ahora, Japón ha llegado a acuerdos de colaboración en los campos de aplicaciones de energía por hidrógeno y construcción de ciudades con bajas emisiones de carbono con la provincia de Jilin y otras regiones.

Los políticos y los empresarios creen que la integración de las estrategias de desarrollo de los países de Asia Nororiental con las de China ayudará a las industrias competitivas de estos países a mantenerse a la par con el desarrollo global.

S. Amarsaikhan, viceprimer ministro de Mongolia, dijo que el país ha estado promoviendo activamente la construcción del corredor económico Mongolia-Rusia-China y la integración de sus proyectos nacionales con la iniciativa de la Franja y la Ruta.

Los participantes han llegado a un acuerdo para fortalecer las colaboraciones sobre la economía marina, promover la liberalización y facilitación del comercio e intensificar la cooperación regional.  

FUENTE China Council for the Promotion of International Trade Jilin Committee

SOURCE China Council for the Promotion of International Trade Jilin Committee

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Source: https://www.prnewswire.com:443/news-releases/comienza-la-13-a-expo-china-asia-nororiental-en-la-zona-noreste-de-china-862990247.html

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