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Solaris Resources has closed on its bought deal equity offering, where it issued 8,222,500 common shares of the company.

This included 1,072,500 common shares pursuant to the underwriters’ full exercise of the over-allotment option, at CAD$4.90 per common share.

The offering was completed pursuant to an underwriting agreement dated last month between the company and a group of underwriters led by National Bank Financial Markets, RBC Capital Markets and BMO Capital Markets, as joint bookrunners.

The net proceeds of the offering are set to be used to fund an expanded exploration and infill drilling program at the company’s Warintza project in Ecuador, and for working capital and general corporate purposes.

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The post Solaris Closes CAD $54M Equity Offering appeared first on Solar Industry.

Solaris Closes CAD $54M Equity Offering

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Renewable Energy

Carbon Capture and Synthetic Fuels

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As we’ve noted in the past, the idea of capturing CO2 from the atmosphere is completely unfeasible, since 99.96% of the air around is something other than CO2 (mostly nitrogen).  However, there are environments that change this equation radically, cement plants being one of them, where the concentration of CO2 emissions is as high as 30% (versus .04%).

Now, this brings the subject of synthetic fuels into the realm of possibility.  Sure, if you want to make gasoline, diesel, and jet fuel, you’ll need two other things: hydrogen (which can come from electrolyzing water), and a considerable amount of energy, as these processes are heavily endothermic, meaning that energy must be supplied from external sources.

The good news is that we have enormous amounts of off-peak wind and nuclear that are wasted every day.  Please see: Doty WindFuels.

Carbon Capture and Synthetic Fuels

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Renewable Energy

What Trump Is Actually Doing

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With each passing day, there are fewer and fewer American voters who believe the bullshit at left.

Is Trump working hard to stay out of prison? Enrich himself and his family?  Of course.

Could be possibly care less about anything else? Obviously not.

What Trump Is Actually Doing

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Renewable Energy

Flagging Tourism to the United States

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What’s the thought process of people in the rest of the developed world when it comes to visiting the U.S.?

Conversely, would you or I want to visit some country with a deeply corrupt regime that is systematically committing atrocities all around the globe, and whose leader is lining his pockets?

I’m glad I don’t own a resort in New England that counts on a flow of visitors from Canada.  If I were a Canadian, I’d be thinking I’d rather visit hell.

Flagging Tourism to the United States

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