Nowea Energy Inc.: Status and outlook - On the way to get listed at a stock exchange
Issuer: Nowea Energy Inc. / Key word(s): Statement/Market Report
As announced in our corporate news May 2022 ( https://www.pressetext.com/news/20220502037 ), we are middle in the process of implementing the stock exchange listing procedures. As described in this corporate announcement, the stock exchange listing will be carried out with a separate company. As explained, the shareholders of NOWEA ENERGY INC. will then receive listed shares of this company.
We are pleased to inform that the final approval of the "Prospectus / Form S-1 Registration Statement under the Securities Act of 1933" by the SEC Securities and Exchange Commission in the US has been granted meanwhile. Now we are working on the next steps. The processes for establishing the electronic stock as well as for the approval by the FINRA Financial Industry Regulatory Authority is initiated and already underway.
As already informed, the "Oil wells USA" have been contributed in this company with which the stock exchange listing is currently being implemented. The same is planned with the asset "Boron Lithium Mining Project". The boron lithium mining company will soon carry out a capital increase itself. The valuation of this capital increase will then provide the reliable and comprehensible basis for the above-mentioned contribution.
After completion of these steps, the shareholders of NOWEA ENERGY INC. will thus hold shares of this listed company with the assets "Oil Wells USA" and "Boron Lithium Mining Project". In this context, we are pleased to point out the ecxiting future potential. The increased and further rising prices for crude oil offer interesting opportunities with regard to the expansion of the oil wells in the US. On the other hand, the boron lithium mining company is planning its own IPO. This is expected to be at a significantly higher valuation than the above mentioned planned capital increase.
However, we explicitly point out that the above-mentioned procedures need sufficient time and NOWEA is dependent on authorities and service providers, which we do not control and no pressure can be exerted.
In this context, we would like to mention some current market developments, inflation- and currency-scenarios. According to the press release of the German Federal Statistical Office, inflation in Germany in May 2022 is a whopping 7.9% and the further development remains to be seen. The global measures taken by central banks and monetary guardians are designed for the long term. As a result, the US-Dollar is expected to remain strong against the other major currencies.
Lithium Carbonate: The world market price per ton of Lithium Carbonate (battery grade) is currently stable between USD 70,000 / 75,000 per ton. When NOWEA made the strategic decision to invest in lithium mining project, the price per ton of lithium carbonate was 6,000 / 7,000 USD per ton.
EU Parliament votes to ban internal combustion vehicles from 2035 onwards: In the fight for more climate protection, the EU Parliament wants to ban the sale of new cars with combustion engines from 2035 on. A majority voted in Strasbourg on June 8, 2022, to allow manufacturers from the middle of the next decade to market only cars and small transporters that do not emit any greenhouse gases that are harmful to the climate. This should further fuel the demand for lithium carbonate.
Investor Relations / June 23, 2022
About NOWEA ENERGY Inc.: NOWEA ENERGY is an investment and private equity company with a strong focus on emerging, innovative companies. In particular we offer capital and expertise combined with a wide range of services to growth companies in the energy sector. Innovative companies from various future-oriented industries, such as mobility, e-mobility, energy, mining (strategic raw materials) as well as smart home and industry 4.0, are the focus of our investment. If necessary, further information can be obtained on the Internet at https://noweaenergy.com/
Disclaimer/Forward Looking Statements: This press release contains projections and other forward-looking statements regarding future events or our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding our future results of operations and financial positions, business strategy, plans and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur. Although we believe that our plans, intentions and expectations reflected in these forward-looking statements are reasonable, these plans, intentions and expectations may not be achieved. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this release and our filings with the SEC. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. This information does not constitute an offer to sell or a solicitation of an offer to purchase any securities of the company. Readers of this information are requested to inform themselves about, and to observe, any possible restrictions.
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.