CXL - Calix Limited

[Dona Ferentes]

Calix technology to be piloted in novel energy storage system with Swedish company, SaltX

• Efficient, low cost energy storage systems have been identified as a key enabler in electricity network decarbonisation efforts and are a fast-growing, multi-$b market
• SaltX (https://saltxtechnology.com/) (Nasdaq First North: SALT B) is a leader in the development of a novel salt-based energy storage system
• Calix’s electric-powered kiln technology has been identified as a high potential addition to the SaltX technology
• A pilot project, funded by SaltX and in partnership with Calix and Sumitomo SHI FW, will develop a 200 kW energy storage system and test it over FY22
• If successful, scale-up to a megawatt-scale, small commercial system would follow, along with commercial arrangements to exploit the technology
• The opportunity is yet another application for Calix’s core kiln technology, especially our electric-powered version, where we are seeing accelerating interest across multiple industries as they try to decarbonise traditional heating processes

over 9K said. This one would be worth posting in the outstanding breakouts thread I reckon

that was not a breakout; this is a breakout:

 

[Dona Ferentes]

trading halt in order to finalise the details of a proposed capital raising to fund opportunities to accelerate growth;

.... that's the fourth cap raise I've received from my minnow 'special interest' holdings, in 2 weeks. Now they are all going the accelerated placement and SPP route, where will I find a lazy $120K (if the planets alogn and the offers look good)?

 

[Dona Ferentes]

Highlights: Calix to accelerate investment in ESG projects

o Calix to invest in its advanced battery development program and accelerate the development of its other lines of business
o Calix has received firm commitments for a Placement to sophisticated and professional investors at $2.00 per share to raise $14.0 million, and in addition, a Share Purchase Plan will be offered to existing eligible shareholders in Australia and New Zealand, of up to $30,000 per shareholder, capped at $3.0 million
o The placement and SPP will provide the resources needed by each line of business to pursue the significant increase in opportunities that Calix’s technology is attracting.

Calix Limited is developing multiple environmental business opportunities, all from the one core patented technology, including:
• Water
• CO2 mitigation
• Biotech
• Advanced battery materials
• Sustainable processing.

• To date, Calix has undertaken technology development through self-funding, grants and project revenues.

Calix CEO and MD, Phil Hodgson, said “We have seen a significant increase in inbound enquiries driven by the rapidly increasing interest in Environment, Social and Governance, or “ESG”, investing. To turn these enquiries into value, we need more engineers, equipment, and dealmakers."

 

[Dona Ferentes]

Calix has picked up a BOOT (or Build demonstrate and go home) agreement wih AdBri (ABC) for the development of a lime project for lime production, with CO2 capture and multi-fuel options (gas, hydrogen, renewables).

The production of lime currently emits roughly 1 tonne of CO2 per 1 tonne of lime produced. Lime is used extensively in producing steel, aluminium, rare earths, gold and many other minerals and is thus a significant contributor to those important industries’ carbon footprints.

Calix CEO and MD Phil Hodgson said “We have seen a significant increase in inbound enquiries in Calix technology driven by the rapidly increasing interest in Environment, Social and Governance, from countries, companies and investors. This important project is a world-first in ambition to produce zero-emissions lime, one of the most important industrial products globally, and it is great to be developing this in partnership with Adbri, in an Australian project, with Australian technology.”

Helping the SP along, at a new high on the news. And the SPP still open

 

[Dona Ferentes]

Calix raises $5m in strongly supported Share Purchase Plan

Highlights:

• Calix has successfully closed its Share Purchase Plan on April 8, with nearly $20m in subscriptions received.
• As a result of the strong level of support received from existing shareholders, Calix has increased the original $3m SPP to accept $5m.
• Calix’s ESG investment acceleration program is now fully funded as announced on March 19, 2021, through the SPP and the $14m Share Placement to sophisticated and professional investors

So , another heavily scaled back offer.

(Holders with EFT details recorded will be paid today and should receive funds on April 14, 2021. Those without EFT details will be sent a cheque, which may take several days to process and send. )

 

[Dona Ferentes]

nice to see Regal Funds Management in with 5.45% holding

 

[sptrawler]

nice to see Regal Funds Management in with 5.45% holding

I nearly bought in at $1.44 , story of my life. ?

 

[Country Lad]

I nearly bought in at $1.44 , story of my life. ?

That may not necessarily preclude you from buying anyway. There are many a share about which I made a similar comment only to see them continue to rise. I topped up on CXL yesterday, partly because I thought there was another breakout but mainly based on the technology and fundamentals.

 

[sptrawler]

Yes I just have to wait until there is some free cash.lol I should have said, some cash free, no free cash for this black duck, except for the $600 that McGowan gave for the electricity, which was much appreciated.

 

[Dona Ferentes]

Calix raises $5m in strongly supported Share Purchase Plan

• So , another heavily scaled back offer.

the placement and SPP raised capital at $2.00. After placement of $14M, a generous $3M in SPP was available; Calix got applications for $20M and lifted acceptances to $5M. I put in for $20,000 and received $5,600 of shares. (refund arrived promptly)

While Calix traded well above the $2.00 mark for the offer duration, there has been a bit of fatigue since. T

 

[frugal.rock]

While Calix traded well above the $2.00 mark for the offer duration, there has been a bit of fatigue since. T

Nice find Dona.
Noticed the price climbing a few days ago. Chart shows it as a pullback, then a run.
Wouldn't be surprised to see it hit $3+ soon enough.

 

[Dona Ferentes]

Intra day high of $1 so far and could set a new closing all time high, the last few announcements have been positive with the Battery
grant funding in Aust and the CO₂ capture/cement project in Europe, the tech revolution isn't all software, CXL flying under the radar.

Two years on; are you still in, @So_Cynical ? Your posts helped me formulate a view, back then. Thanks

Calix-led Consortium to be awarded €16m (A$26.5m) in funding for the commercial scale-up of its CO2 capture technology, as the EU declares a “climate emergency”. The pilot plant should be ready for operation during 2019 and will be test run for up to 2 years to demonstrate the technology.

and the two year test run period should be close.

CXL flying. Under the radar, still.

(Hold; never sold any)

 

[Country Lad]

Two years on; are you still in, @So_Cynical ? Your posts helped me formulate a view, back then. Thanks

Me as well, it was @So_Cynical posts that alerted me to this one - owe you a beer or 3 SC. I was probably a bit late to the party buying in at $1.12 as per my chart above and topped up a bit a couple of times. Will probably be a longer term hold. I just hope it can manage all the baskets and the latest newsletter appears to be positive on that front.

 

[So_Cynical]

Two years on; are you still in, @So_Cynical ? Your posts helped me formulate a view, back then. Thanks

and the two year test run period should be close.

CXL flying. Under the radar, still.

(Hold; never sold any)

Me as well, it was @So_Cynical posts that alerted me to this one - owe you a beer or 3 SC. I was probably a bit late to the party buying in at $1.12 as per my chart above and topped up a bit a couple of times. Will probably be a longer term hold. I just hope it can manage all the baskets and the latest newsletter appears to be positive on that front.

Yep still holding, CXL was my largest $ position until i sold a third of my position 2 weeks ago, needed the cash and wanted to take some profits off the table, still in love with Calix.

 

[Dona Ferentes]

and now, some more:

o Calix and Pilbara Minerals (PLS) have executed an MOU covering the co-development of “midstream” lithium chemicals refinery utilising Calix’s core technology
o The MOU commits the parties to a scoping study on the project, at Pilbara Minerals’ cost, covering lithium salt production of up to several thousand tonnes from Pilbara Minerals’ spodumene concentrate facility at Pilgangoora
o Following success in the scoping study, Pilbara Minerals and Calix propose to jointly develop a demonstration plant at Pilgangoora, with a view to further commercialising the technology developed
o The project represents a world-first development of a commercial-demonstration-scale, low-emissions lithium salt production facility

“At the mine, if we can efficiently calcine a lower-grade spodumene concentrate we should also be able to achieve a higher recovery from the ore body, meaning less mine wastage and lower cost,” said Pilbara Minerals managing director, Ken Brisden. “The opportunity to produce a higher-value product in Australia should also allow us to capture more of the overall value in the new-energy industry as it develops.”

Phil Hodgson, Managing Director of Calix, said the successful trials over the course of the past nine months had tested spodumene concentrates of different grades and particle sizes. “This proof-of-concept work demonstrated that the Calix technology was able to achieve >95% conversion of the spodumene ore to an extractable lithium, which is comparable to the conventional rotary kiln process, but with fine, and lower grade, material. Additionally, we carried out these runs on our “BATMn” electric kiln, providing additional proof-of-concept for the technology to be run off renewable electricity, such as a solar and/or wind farm.“

 

[Dona Ferentes]

Building's hard problem - making concrete green

Concrete accounts for 8% of carbon dioxide emissions, but some firms are hoping to cut that down.

www.bbc.com

 

[Dona Ferentes]

Calix is partnering in a low carbon research project which has won $39 million in Australian Government funding.

The Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC) aims to reduce carbon emissions of Australia's heavy industrial process. Comprising heavy industry players, government and research, the Centre aims to boost the capability of Australian companies to remain globally competitive by capitalising on existing mineral and renewable energy resources to become leading international producers and exporters of low carbon products.

As well as a spread of universities and research centres, core industrial partners include ADBRI, Alcoa, Boral, Fortescue, Grange Resources, Liberty, Roy Hill, and South32.

The CRC will establish hubs in heavy industry regions of Gladstone, the Pilbara, Northern Tasmania, SA's Upper Spencer Gulf, WA's Kwinana and South West regions, the Southern Highlands of NSW and Portland in Victoria.

- in other words, cement and Al smelter locations as well as iron ore.

 

[Dona Ferentes]

the market is encouraged. We'll get that $3 soon enough:

CXL executed a MoU with RHI Magnesita, the leading global supplier of high-grade refractory products, systems and solutions. The MOU covers the development of a Calix Flash Calciner for use in the production of refractory materials, which will enable CO2 separation for either utilisation or storage.

Under the terms of the MOU, Calix and RHIM have agreed to undertake studies up to and including basic Front End Engineering and Design for a commercial-scale demonstration facility at an RHI Magnesita site.

RHI Magnesita and Calix commenced first discussions around the potential for reducing the CO2 footprint of the refractory production process in early 2019. Calix has been processing magnesite, the main raw material in the production of refractories, since 2013 in its Bacchus Marsh facility for water treatment products. The application of Calix’s technology to refractory products has been the subject of pilot scale test work during 2020, with larger scale test work currently underway.

Separation and storage or reuse of CO2 released from carbonate minerals is a crucial step in decarbonising the refractory industry and thus the production processes of materials such as steel, cement and lime.

 

[So_Cynical]

RHI Magnesita: https://www.rhimagnesita.com/

Wiki: https://en.wikipedia.org/wiki/RHI_Magnesita

RHI Magnesita is a major player, 2.2 Billion in annual revenue and 14000 employees.
~

 

[Dona Ferentes]

another day, another MoU for carbon capture


... covering the development of a lime project for lime production, with CO2 capture and multi-fuel options, with Tarmac (https://tarmac.com/ ), the UK’s leading sustainable building materials and construction solutions business.