MHIEC Builds a New Waste-to-Energy Plant with 194 Tons Per Day-Capacity in Konan City, Aichi Prefecture, Japan JCN Newswire

MHIEC Builds a New Waste-to-Energy Plant with 194 Tons Per Day-Capacity in Konan City, Aichi Prefecture, Japan

February 14, 2023
TOKYO, Feb 14, 2023 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from the Owarihokubu Waste Disposal Association for building, operation, and maintenance of a new waste-to-energy plant. The association was established to consolidate waste treatment services of four municipalities in the northern Aichi region: Inuyama City, Konan City, Oguchi Town, and Fuso Town in Niwa County. The order calls for construction of an integrated waste-to-energy plant equipped with two stoker-type incinerators(1) collectively capable of processing 194 tons per day (tpd) in Konan City, to replace two superannuated plants in the association's service area. The operation startup is scheduled for April 2028.New Waste-to-Energy Plant of the Owarihokubu Waste Disposal Association (Rendering)Consolidating the services of four municipalities, the new plant will replace two superannuated facilities: Inuyama Waste Disposal Center (capacity: 135 tpd; designed and built by MHI; located in Inuyama City and operated since 1983) and Konan-Niwa Waste Disposal Center (capacity: 150 tpd; located in Oguchi Town in Niwa County and operated since 1982). Under the DB+O(2) contract, MHIEC will also take charge of providing long-term operation and maintenance services of the new plant for a period of 20 years. The contract is valued at 33.15 billion yen (tax excluded).The new facility will employ state-of-the-art technology for municipal waste processing. Besides two stoker-type incinerators each having a processing capacity of 97 tpd, the plant contributes to lighter environmental footprint by reducing CO2 emissions and providing highly efficient power generation. In addition, under the DBM(3) contract, MHIEC will also take charge of providing long-term maintenance services of a materials recovery facility (capacity: 14 tons/5 hours) that crushes and processes incombustibles. MHIEC aims to create a facility that contributes to the reduction of greenhouse gases through the recovery and effective use of energy, the realization of carbon neutrality and a decarbonized society by 2050, along with the formation of a recycling-oriented society.Bidding for the new plant construction project adopted a comprehensive evaluation method taking into consideration not only the bid price but also factors such as technological strengths and operating expertise. MHIEC was awarded the contract due to its attractive business plan for managing the progress of the construction process under the unified responsibility of MHIEC and specific proposals regarding the operation at the materials recovery facility, in addition to its contributions to the local economy, such as local procurement of construction materials and employment plans for local human resources. In construction and operation of the new facility, MHIEC will work closely with a group of five local companies in the association's service area.MHIEC succeeded MHI's environmental protection business in 2008, taking over its accumulated technological development capabilities in environmental protection systems and abundant expertise in the construction, operation, and maintenance of waste management facilities both in Japan and overseas. Based on this robust track record, the company is well positioned to propose comprehensive solutions encompassing all aspects from plant construction to operation and maintenance, and it can also respond to needs for after-sales servicing and long-term operation and maintenance. Going forward, MHIEC will continue to seek order expansion worldwide through proactive offering of proposals for enhancing the efficiency of existing facilities, making incinerators more advanced through AI and IoT supported remote monitoring and automated operation, and lowering life-cycle costs (LCC).(1) A stoker incinerator is the most widely adopted type of furnace used in waste-to-energy plants. Waste is combusted as it moves along a fire grate made of heat-resistant castings.(2) Under a DB+O (design, build plus operate) contract, a public institution designs, constructs, and owns a facility and comprehensively entrusts the maintenance and management of the facility to a private company for several years.(3) Under a DBM (design, build, maintenance) contract, a public institution designs, constructs, owns, and operates a facility and entrusts the maintenance and management of the facility to a private company. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Lion One Secures US$37 Million Financing Facility from Nebari ACN Newswire

Lion One Secures US$37 Million Financing Facility from Nebari

January 20, 2023
North Vancouver, BC, Jan 20, 2023 - (ACN Newswire via SEAPRWire.com) - Lion One Metals Limited (TSXV: LIO) (OTCQX: LOMLF) (ASX: LLO) ("Lion One" or the "Company") is pleased to announce that it has entered into a facility agreement with Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP (each as Lender and collectively, "Nebari"), with Nebari Collateral Agent, LLC as collateral agent and certain Lion One subsidiaries as guarantors, for a Financing Facility of up to US$37M (the "Financing Facility"). Proceeds from the Financing Facility will accelerate project construction and development at the Company's 100% owned and fully permitted high-grade Tuvatu Alkaline Gold Project in Fiji. Lion One expects first production to be achieved by December 2023.Financing Facility (All figures in USD): The Financing Facility consists of a US$35 million senior secured first lien term loan (the "Loan Facility") and a US$2 million (CAD$2.7 million) equity investment ("the Equity Investment") in common shares of Lion One.Loan Facility: The total amount of the Loan Facility will be funded in up to three tranches, with US$23M to be funded at Closing (Tranche 1), and an additional US$12M available at Lion One's option in up to two further tranches (Tranches 2 and 3) within 18 months of closing. Interest on Tranche 1 is 8% (plus three-month SOFR), and amortization is on the Maturity Date 42 months from the Closing Date, with no closing fees payable. Tranches 2 and 3 funding is subsequent to an 8% original issue discount and interest is 10% plus SOFR, with progressive amortization over 42 months from the Tranche 2 funding date, with closing fees equal to 2% of the amounts funded.Warrants: On the Closing Date, the Lender will be issued 15,333,087 non-transferable purchase warrants in the Company (the "Warrants"), with each Warrant exercisable into common shares of Lion One at a price of CAD$1.49 for a period of 48 months from issuance. The warrants will be subject to an accelerator provision whereby the Borrower may accelerate the expiry date of up to 25% of the initial warrants in the event that the volume weighted average trading price of the common shares of the Company exceeds 100% over the strike price for a period of twenty consecutive days. Lion One has the option to accelerate the expiry of further 25% portions of the warrants at four-month intervals, up to a maximum of 75% of the warrants issued.Royalty Payment: Following the first month in which the Tuvatu Project produces at least 2,000 ounces of gold, the Company shall pay to the Lender a royalty equal to 0.5% of the Net Smelter Returns on the first 400,000 ounces (equivalent to 2,000 ounces) of gold produced and sold from the Tuvatu Project.Equity Investment: Concurrently with the Loan Facility, Nebari has entered into a subscription agreement to purchase 3,125,348 common shares of Lion One at a price of CAD$0.86 per share, representing an aggregate equity investment of US$2M (CAD$2.7M).The Company's right to drawdown Tranche 1 of the Loan Facility is subject to satisfaction of customary conditions precedent, including approval of the TSX Venture Exchange ("TSX-V"), though these conditions precedent are expected to be satisfied in short order. Issuance of the Warrants and completion of the placement is also subject to TSX-V approval.Lion One Chairman and CEO Walter Berukoff commented, "We are extremely pleased to have secured Nebari as a financial partner and major shareholder in the development and future success of Tuvatu. They are a vastly experienced group, are aligned with our key values and stakeholders, and have delivered a creative solution to bring the Tuvatu project to completion and enhance shareholder value tremendously."Andre Krol, Managing Partner with Nebari, commented: "We are extremely excited to partner with Lion One as a shareholder and lender as they complete construction of the Tuvatu Gold Project. The experience, professionalism and community engagement of their Fijian team was impressive and we look forward to first gold production later this year and further exploration success."About TuvatuThe Tuvatu Alkaline Gold Project is located on the island of Viti Levu in Fiji. The January 2018 mineral resource for Tuvatu as disclosed in the technical report "Technical Report and Preliminary Economic Assessment for the Tuvatu Gold Project, Republic of Fiji", dated September 25, 2020, and prepared by Mining Associates Pty Ltd of Brisbane Qld, comprises 1,007,000 tonnes indicated at 8.50 g/t Au (274,600 oz. Au) and 1,325,000 tonnes inferred at 9.0 g/t Au (384,000 oz. Au) at a cut-off grade of 3.0 g/t Au. The technical report is available on the Lion One website at www.liononemetals.com and on the SEDAR website at www.sedar.com.About NebariNebari is a US-based investment manager specializing in privately offered pooled investment vehicles including Nebari Gold Fund 1, LP, Nebari Natural Resources Credit Fund I, LP and Nebari Natural Resources Credit Fund II, LP which are funding the Financing Facility to Lion One. The Nebari leadership team has deep experience with leading global mining companies and financial institutions and is known for partnering with motivated and capable management teams focused on achieving clear plan targets.About Lion One Metals LimitedLion One's flagship asset is 100% owned, fully permitted high grade Tuvatu Alkaline Gold Project, located on the island of Viti Levu in Fiji. Lion One envisions a low-cost high-grade underground gold mining operation at Tuvatu coupled with exciting exploration upside inside its tenements covering the entire Navilawa Caldera, an underexplored yet highly prospective 7km diameter alkaline gold system. Lion One's CEO Walter Berukoff leads an experienced team of explorers and mine builders and has owned or operated over 20 mines in 7 countries. As the founder and former CEO of Miramar Mines, Northern Orion, and La Mancha Resources, Walter is credited with building over $3 billion of value for shareholders.On behalf of the Board of Directors of Lion OneMetals Limited"Walter Berukoff", Chairman and CEOContact Investor RelationsToll Free (North America) Tel: 1-855-805-1250Email: info@liononemetals.comWebsite: www.liononemetals.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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InvesTech Holdings Launches Virsical MetaFM, an Integrated Operations and Management Solution for Corporate Equipment and Facilities ACN Newswire

InvesTech Holdings Launches Virsical MetaFM, an Integrated Operations and Management Solution for Corporate Equipment and Facilities

November 11, 2022
HONG KONG, Nov 11, 2022 - (ACN Newswire via SEAPRWire.com) - InvesTech Holdings Limited ("InvesTech Holdings"; together with its subsidiaries, "the Group"; stock code: 1087.HK), a leading integrated smart-IT solutions provider in China, is pleased to announce that Wafer Systems Limited ("Wafer Systems"), a subsidiary of the Group that owns the flagship smart-office software product Virsical, recently launched Virsical MetaFM ("MetaFM"), an integrated operations and management solution for corporate equipment and facilities in commercial real estates and smart buildings. MetaFM outperforms traditional management models and empowers the digital transformation of building operations, maintenance and management.Developed by Wafer Systems, MetaFM is a smart operations management system which is based on the operation, maintenance and management of equipment and facilities in buildings. With input from business interactions and feedback from clients, Wafer Systems has carried out an iterative programme of upgrades to the system. Serving operational goals in areas including security, environmental cleaning and customer service, the system helps optimise the operation, maintenance and management of facilities throughout the full life cycle of buildings. MetaFM offers comprehensive functions, including modules to handle assets and equipment, service centres, order management, preventive maintenance and management, patrol management, inventory management, supplier management, contract management, energy and data management, safe production and emergency planning. As a newly launched smart facility management platform, MetaFM has appealing characteristics, namely comprehensive functional modules, flexible applications, well-established templates, user-friendly interfaces, and a well-designed overall structure, optimising facility management practices. As a solution specifically designed for the operations and maintenance of buildings and properties, MetaFM adopts Wafer Systems' original platform structure while permitting development in new directions for building space management. Leveraging its powerful back-end self-configuration function, the system helps building operators to make accurate decisions on project operations, maintenance and management. The system also significantly reduces facility operations and maintenance costs, lowers potential risks relating to equipment operations, increases transparency in facility management, and maximises the efficiency of facility operations and maintenance. MetaFM can be applied in a diverse range of scenarios, providing a comprehensive smart space management solution for commercial properties, campuses and corporate offices. MetaSpace, as a platform empowered by spatial digital twins, mainly facilitates information technology/operational technology (IT/OT) integration. MetaWork, an application platform specifically designed for enterprise digital administrative tasks, mainly supports enterprise employees and visitors, and serves administrative management functions. MetaView, a platform that features visualisation and analysis tools for enterprise digital data, serves as an enterprise management control panel and interactive screen. MetaSpace, MetaWork and MetaView complement one another in terms of functionality, forming a complete loop to provide high-quality, one-stop services for enterprises.Mr. Ringo Chan, Chairman of InvesTech Holdings, said: "Equipment and facilities play a notably important role in enterprises' production processes and business operations, making the management of equipment and facilities one of the most important aspects of enterprise management. With immense experience in the smart-office sector and experience of serving numerous Fortune 500 clients, we notice that companies are faced with problems in such areas as asset management, operating costs and procedure management. We therefore hope that our newly launched MetaFM can help enterprises overcome different challenges in the operation, maintenance and management of equipment and facilities. Leveraging the most advanced solutions, we have set a new industry standard for facility management, providing more customers with convenient smart-office space and improving overall operations management standards and work efficiency.""The Group has successfully launched the Meta series of smart-building management solutions, which can be deployed in a wide range of scenarios, providing powerful, comprehensive solutions that support enterprises in fields including employee health, user experience, collaborative efficiency, low-carbon and energy-saving operations, corporate sustainability, and environmental, social and governance (ESG) practices. Further, the Group has developed close strategic partnerships with ecosystem partners in the industry, which are leading cloud service and network providers such as Microsoft, Lark, Huawei and Cisco. Looking ahead, leveraging our strong product ecosystem alongside our research and development capabilities, we will continue to develop and optimise solutions to offer our customers one-stop smart-space solutions and facilitate enterprises' digital transformation," Mr. Chan said. About InvesTech Holdings LimitedInvesTech Holdings Limited (stock code: 1087.HK) was listed on the main board of the Hong Kong Stock Exchange in 2010. As a leading integrated smart IT solutions provider with more than 30 years of experience in the IT industry, the Group is engaged principally in IT infrastructure systems integration and the smart-office software solutions businesses. The Group has a strong presence in China, with more than 10 offices nationwide and a research and development centre in Xi'an.Website: http://www.investech-holdings.com/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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