Again good news from Saskatchewan. Shortly after the successful acquisition of the Ridgeback properties, Saturn Oil & Gas reports a new resource estimate that does not even include the new assets. Rather, year-end 2022 shows how much injected and proved reserves have increased since the Oxbow and Viking expansions. Net asset value per share rises to CAD 6.92, just shy of analysts' price targets. We do the math.
The conversion of the transport sector from diesel engines to alternative drives is both a major challenge for manufacturers of light commercial vehicles and an opportunity of the century. The volume is gigantic. The global light commercial vehicle (LCV) market is expected to reach USD 751.86 billion by 2030, growing at an average annual rate of 5.1% over the next eight years. In addition to established manufacturers, hydrogen company First Hydrogen is gaining more attention. With major partners such as AVL Powertrain, Ballard Power, and EDAG Group, the Vancouver and London-based company is designing zero-emission, latest-generation hydrogen-powered vehicles with a range of over 500 km. The experienced management team has proclaimed market leadership as the goal. Once again, an important milestone has been reached.
PDAC, the world's largest mining trade show, just ended in Toronto. More than 1,100 exhibitors presented themselves to the expert audience, and the team from Researchanalyst.com was also live on-site. The focus this year was clearly on raw materials, which are elementary to achieving climate goals and transforming the energy mix. The Canadian Greentech company dynaCERT also saw a massive increase in interest from the major mine producers. Using the patented HydraGEN technology, companies such as Barrick Gold and Newmont & Co would save fuel and significantly reduce emissions. It is not for nothing that dynaCERT CEO Jim Payne expects a major turnaround in the current fiscal year.
Despite climate change, the world is still heavily dependent on fossil fuels. There is already a political consensus in Europe that these will soon no longer be used primarily in combustion engines. Nevertheless, there is a global understanding that mobility alone cannot be responsible for all changes. Instead, it must be a complete transformation of industry, energy production and human consumption patterns. Saturn Oil & Gas is meeting a small portion of the world's oil and gas needs with a strong focus on sustainable production. We provide an update from Calgary.
Defence Therapeutics' pipeline offers market potential in the range of several hundred billion USD. We present the six most important projects and explain why 2023 will be crunch time for Defence Therapeutics - the decisive phase for the Company and its shareholders is just around the corner. As Defence continues to write its success stories, the multifaceted Canadian company could soon be wooed by pharmaceutical giants - the first collaborations have already been signed.
Achieving future climate targets will inevitably mean a shift towards a CO2-neutral society. Alongside renewably generated electricity, hydrogen plays a key role in this. In this context, green hydrogen is the only type of gas fully compatible with the net zero emissions targets. It is therefore considered an essential element for the worldwide climate turnaround. As a result of the billions of euros in programs launched by politicians in the USA, Europe and China, companies operating in this sector are benefiting significantly. First Hydrogen is likely to benefit from the subsidies in several ways. On the one hand, the hydrogen specialist has branches in North America, Great Britain and Europe. On the other, the Company will, in the future, offer the complete value chain, from the development and construction of light commercial vehicles to refueling systems and the production of green hydrogen. The next few weeks will be decisive for the still-young company.
Whether through the Inflation Reduction Act by the USA or the planned Green Deal Industrial Plan of the European Union, politicians are trying with all their might to accelerate the switch from fossil fuels to renewable energies. As a flexible and easily transportable energy carrier, green hydrogen is seen as a critical element in transforming industry and transportation. However, there are high hurdles to overcome in the implementation. In addition to the expansion of the filling station infrastructure, the expensive production costs of the gas represent a massive obstacle to conquering the mass market. The technology developed by dynaCERT and its joint venture partner Cipher Neutron could solve this problem in the near future.
An important component of the global effort to protect the climate is clean energy generation and storage. Efficient electricity use requires high-performance storage systems that allow energy to be used regardless of the time of day. The chemical industry has been working for decades on processes that enable more efficient exploitation of our resources. For the chemical giant BASF from Ludwigsburg, Germany is not an easy terrain for innovative research and development due to its high-cost structure. We provide an update from Ludwigshafen.
The renowned City of Hope Clinic in the greater Los Angeles area wants nothing less than to lead the revolution in the fight against cancer. Here, where globally acclaimed breakthroughs against blood cancer and diabetes were achieved in the 1970s, the biotech company Defence Therapeutics now wants to clear important hurdles in the approval process of the US Food and Drug Administration (FDA). Here is what the collaboration is all about and what it could mean for the young biotech company.
The major interest rate turnaround in 2022 is bringing the big banks back into business. While banks had to contend with negative interest rates during the period of low-interest rates, the situation is now increasingly easing. The deposit side is generating positive inflows, and the lending business is again generating adequate margins. Deutsche Bank is back at the level of 2007, i.e. shortly before the outbreak of the financial crisis. Its transformation into the modern age would be largely complete if it were not for the threat of insolvencies generated by the aftermath of the Corona pandemic hanging over the lending business as a sword of Damocles. We provide an update from Frankfurt.