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Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Rising to Supply the Demand for PGMs

  • The rise of hybrid electric vehicles and advancements in hydrogen technologies are creating opportunities for platinum and palladium.
  • Platinum Group Metals Ltd. is uniquely positioned to benefit from favorable market trends.
  • The company is focused on advancing its Waterberg Project, which is expected to be a key supplier of platinum and palladium.

The platinum group metals (“PGMs”), including platinum, palladium and rhodium are poised for growth in 2025, driven by demand in the automotive, hydrogen-energy and industrial sectors. These positive projections bode well for companies operating in the space, including Platinum Group Metals (NYSE American: PLG) (TSX: PTM), majority owner and operator of the Waterberg PGM Project in South Africa.

Global initiatives to reduce carbon emissions, the rise of hybrid electric vehicles and advancements in hydrogen technologies are creating robust opportunities for these metals. The global platinum market is expected to grow at a compound annual growth rate (“CAGR”) of 4.5% from 2024 to 2033, increasing from a base market size of $7.10 billion in 2024 to $10.55 billion in 2033 (https://ibn.fm/TeNVb).

The automotive sector is expected to remain the largest consumer of PGMs, driven by their roles in catalytic converters and hydrogen fuel cell vehicles. Platinum plays a critical role in the hydrogen economy, particularly in fuel cell electric vehicles, where it acts as a key catalyst. Demand for platinum in hydrogen production and storage systems is expected to surge as countries accelerate green-energy transitions (https://ibn.fm/uLBCd).

A notable shift is forecast for palladium in 2025 as the substitution trend where palladium replaces platinum in autocatalysts is expected to reverse (https://nnw.fm/cEefj). This change could stabilize platinum demand while maintaining palladium’s importance in vehicle emissions control.

Platinum Group Metals, a company at the forefront of PGM exploration and development, is uniquely positioned to benefit from these favorable market trends. The company’s flagship Waterberg Project in South Africa is a large-scale resource designed to supply palladium, platinum, rhodium and gold as well as copper and nickel for the global markets.

The company is focused on advancing its Waterberg Project, which is expected to be a key low cost supplier of palladium and platinum. The project emphasizes sustainability and cost-efficiency, critical factors for ensuring long-term success in a competitive market. The company has also leveraged partnerships with stakeholders and regional governments to enhance the project’s development. This collaborative approach seeks alignment with local economic goals while supporting global PGM needs.

With a positive market outlook for platinum group metals in 2025, fueled by advancements in green energy and clean automotive technologies, Platinum Group Metals is well-positioned to play an important role. The company’s strategic focus on sustainable development and its Waterberg Project illustrate its preparations to meet growing global demand. As industries continue to prioritize decarbonization, the PGM sector is set to experience a transformative year, with both platinum and palladium leading the charge.

For more information, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

FAVO Capital Inc. (FAVO) Is ‘One to Watch’

Empowering Businesses, Redefining Private Credit

  • Early-Stage Technology Development: Laying the groundwork for proprietary platforms and scalable digital tools.
  • Significant Market Opportunity: The private credit market is projected to exceed $1.5 trillion by 2025, providing exponential growth potential.
  • Scalable Business Model: Automated processes and data-driven decision-making enable rapid scaling with minimal overhead.
  • Customer-Centric Approach: FAVO’s focus on small businesses and flexible financing solutions addresses critical gaps in the financial ecosystem.
  • Experienced Leadership: A forward-thinking executive team ensures strategic growth and innovation.

FAVO Capital (OTC: FAVO) is redefining the private credit and alternative lending industry through a strategic redevelopment of its operations and offerings. With a focus on leveraging financial technology and a client-centric approach, FAVO Capital empowers small to medium-sized businesses with fast, flexible and reliable access to capital, bridging the gap left by traditional financial institutions.

As part of its strategy to uplist to Nasdaq, FAVO Capital is enhancing its technology platform, operational scalability and market positioning to meet higher regulatory standards and attract institutional investors. Headquartered in Fort Lauderdale, Florida, FAVO employs over 120 professionals across five global offices, delivering sustainable growth and value for clients and shareholders alike.

Products and Services

Proprietary Lending Platform and Mobile App (In Development): FAVO Capital is in the early stages of developing an advanced digital platform designed to enhance client engagement and streamline funding processes. This platform will eventually allow businesses to apply for funding products, track progress and manage repayment efficiencies. A complementary mobile app is also being planned to provide real-time insights and tailored recommendations, laying the groundwork for an improved borrower experience.

Fintech-Driven Lending Solutions: FAVO Capital is exploring proprietary and third-party technology tools, including advanced analytics and algorithms, to enhance decision-making speed and reliability in the lending process.

Flexible Financing Options: FAVO specializes in structuring customized capital solutions tailored to the diverse needs of small business owners, offering scalable and adaptable products that evolve with changing market conditions.

Market Opportunity

The private credit market is experiencing exponential growth as traditional banks reduce their focus on small business lending. According to industry reports, the global private credit market is projected to surpass $1.5 trillion by 2025, driven by increasing demand for alternative financing options.

FAVO Capital is uniquely positioned to capture market share within this booming sector by leveraging fintech innovation to meet the needs of underserved small businesses. With a focus on efficiency, speed and client satisfaction, FAVO addresses critical gaps in the financial ecosystem while building a platform for long-term growth.

Recent Highlights

Fintech Innovation: Initial investments in app development and analytics lay the groundwork for future operational efficiency and improved borrower experience.

Operational Scale: A global footprint with over 120 employees combines the agility of a local lender with the reach of an international financial institution.

Proven Growth: FAVO’s technology-driven approach has enabled consistent expansion, solidifying its reputation as a trusted partner for small businesses.

Leadership Team

Vincent Napolitano is a Founder and CEO of FAVO Capital Inc. With over two decades of experience in finance and business development, Vincent has been instrumental in building FAVO Capital into a trusted partner for businesses seeking innovative financial strategies. Prior to founding FAVO Capital, Vincent spent 25 years on Wall Street, holding key positions at prominent firms and developing expertise in structuring complex financial deals. He also served as Chief Investment Officer for multiple special purpose vehicles (“SPVs”), acquiring private stock in pre-IPO unicorn companies such as Facebook and Twitter.

Shaun Quin is a Founding Member and President of FAVO Capital Inc., overseeing the company’s mission to deliver innovative and efficient private credit solutions to small and medium-sized businesses. With over 20 years of global experience as a partner, investor and director, Shaun brings a strategic and customer-focused approach to his leadership. His expertise in fostering collaboration, building high-performance cultures, and empowering businesses has positioned FAVO Capital as a trusted leader in private lending.

Vaughan Korte, CFO, brings over 15 years of global financial expertise to his role with FAVO Capital Inc. His track record includes managing financial operations for Adidas across 60 countries with budgets exceeding $500 million. Vaughan’s leadership ensures FAVO Capital remains financially resilient, aligning financial strategy with organizational goals and fostering shareholder value.

Glen Steward, Chief Strategy Officer, is a seasoned entrepreneur with over 28 years of experience in the investment and trading industries. He drives FAVO Capital’s strategic initiatives, ensuring the company remains competitive and agile in a rapidly evolving market. Glen has held directorships and board memberships across Mauritius, South Africa and the United States. His strategic acumen has been pivotal in integrating the FAVO Group of Companies into FAVO Capital Inc., fueling growth and market leadership.

Advisory Board

Bilal Adam, Accounting & Financial Counsel, is a financial expert with over 20 years of experience, including roles as CEO of Stewards Investment Capital. His insights into bespoke investment solutions, including fixed income, equity and digital assets, support FAVO Capital’s innovative approach to private credit.

Honorable Earnest Hart, Corporate Governance Counsel, brings decades of legal and governance experience, having served as a New York Supreme Court Judge and COO at Columbia University Medical Center. His guidance ensures FAVO Capital maintains robust corporate governance standards.

Rocco Trotta, Business Leadership and Scalability Counsel, is the co-founder of LiRo-Hill and has decades of experience scaling businesses. His expertise in organizational efficiency and talent development strengthens FAVO Capital’s ability to attract excellence across all aspects of the business.

As FAVO Capital redevelops its operations and prepares for an uplisting to Nasdaq, the company is laying the foundation to redefine private credit with emerging fintech solutions and exceptional leadership. Learn more by visiting investors.favocap.com.

NOTE TO INVESTORS: The latest news and updates relating to FAVO are available in the company’s newsroom at https://ibn.fm/FAVO

SuperCom Ltd. (NASDAQ: SPCB) Sees Record Pace of Contract Growth with New Electronic Monitoring Wins in South Dakota, Kentucky, Alabama, and Ohio

  • Electronic monitoring (“EM”) has become popular with criminal justice officials as a means of tracking the whereabouts of individuals and supervising their movements within court-authorized boundaries while the individuals are free from jail custody
  • EM tech developer SuperCom recently celebrated its record pace of contract growth throughout the U.S. with the announcement of new agreements in South Dakota, Kentucky, Alabama, and Ohio, for monitoring the location of court-supervised individuals
  • SuperCom is particularly focused on fighting domestic violence and the potential for renewed violence after someone is initially detained, using the company’s proven technology to track individuals’ movements and alert law enforcement as well as potential victims if boundaries are breached
  • The newest contracts bring SuperCom’s recent tally up to 20 since the summer of 2024

Public safety tracking technology developer SuperCom (NASDAQ: SPCB) is expanding the use of its electronic monitoring products throughout the United States, with the company announcing the 20th contract signed with the nation’s law enforcement agencies since the summer of 2024.

SuperCom has served over 50 government agencies around the world since its founding in 1988, delivering a variety of superior electronic tracking products and services. The company’s particular focus has been on electronic monitoring of offenders and recently expanded its efforts to monitor the movements of individuals under restricted release that is connected to domestic violence incidents. The recent announcements underscore the company’s success in competing against other providers in the niche market in Europe and the U.S. during recent months.

The latest four contract awards were announced within just the past month:

  • (Dec. 30) –  SuperCom Secures New Contracts with South Dakota Sheriff Agencies, Accelerating U.S. Expansion https://ibn.fm/nbweY
  • (Jan. 2) –  SuperCom Secures Two New Agency Contracts in Kentucky, Displacing Incumbent Competitors https://ibn.fm/smw2X
  • (Jan. 6) –  SuperCom Secures First Contract in Alabama, Rapid U.S. Expansion Continues  https://ibn.fm/foKOQ
  • (Jan. 13) –  SuperCom Secures First Agency Contract in Ohio, Rapid U.S. Expansion Continues  https://ibn.fm/R5gDr

According to SuperCom President and CEO Ordan Trabelsi “Our U.S. solution benefits from key efficiencies, including a cloud-based infrastructure, a single-language system, centralized operations and logistics, and no reliance on subcontractors. … This milestone underscores the growing demand for our advanced solutions and highlights the trust public safety agencies place in SuperCom.”

SuperCom’s PureProtect Domestic Violence Monitoring technologies, recently rebranded as the best-of-breed PureOne tracking bracelet and the companion PureShield mobile app alert technology, include advanced features such as real-time location tracking, anti-tamper mechanisms, and secure communication channels to protect victims and provide transparency about offenders’ activities.

Victims and law enforcement officers are alerted through seamless GPS, RFID, cellular, Wi-Fi and Bluetooth technology coordination if an offender trespasses boundary locations established by the judicial system.

“After reaching impressive annual growth above 50% driven by our wins in Europe, we launched our new technology tailored for the U.S. market,” Trabelsi stated. “The U.S. electronic monitoring market, multiples larger than the European one and projected to reach $1.8 billion by 2028, offers unmatched growth opportunities.”

In addition to providing peace of mind to domestic violence victims, the platform can help court systems reduce pressure on prison populations and encourage reform among criminals by helping them to remain productive in society while their activities are supervised by law enforcement.

Such potential is the reason electronic monitoring is becoming increasingly popular worldwide, with about 40 countries using it for public safety efforts as of a few years ago (https://ibn.fm/rc5y3).

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

Thumzup Media Corp. (NASDAQ: TZUP) Diversifies Liquid Assets with $1 Million Bitcoin Investment

  • Thumzup Media Corporation, a company at the forefront of modernizing the social media branding and marketing industry, just announced a $1 million investment in the purchase of 9.783 Bitcoin (“BTC”).
  • Management has also requested the Board of Directors to authorize the holding of up to 90% of liquid assets in BTC.
  • Analysts estimate that BTC could increase in value between $150,000 and $200,000 over Q1 2025.

Thumzup (NASDAQ: TZUP), a Los Angeles-based company at the forefront of modernizing the social media branding and marketing industry, with its unique platform designed to connect advertisers directly with everyday social media users, recently announced the purchase of 9.783 Bitcoin (“BTC”) for approximately $1 million, diversifying its liquid assets (https://ibn.fm/Sc0fi).

This investment follows the recent ambitious move to expand to South Florida as part of the company’s growth strategy. It also follows another key milestone for the company – surpassing 600 advertisers on its platform.

Thumzup’s management has also requested approval from its Board of Directors to allow up to 90% of liquid assets to be in BTC. Coinbase’s Prime platform holds these assets for ease of transactions and investment monitoring. As an added functionality, Thumzup looks to begin paying gig economy workers in BTC in the coming weeks in compliance with all applicable laws and regulations (https://ibn.fm/Sc0fi).

2024 marked a major jump for BTC, having crossed the $100,000 threshold, demonstrating its potential as an asset class that can be leveraged to store wealth. Analysts estimate that by Q1 2025, the value of BTC could grow to between $150,000 and $200,000, contingent on global liquidity and institutional inflows (https://ibn.fm/TVlgp).

Thumzup understands these market dynamics and looks to capitalize on the anticipated growth. It looks to grow its investment in BTC, all while further empowering digital content creators and social media users through the rapidly growing use of its unique marketing platform.

For company information, visit www.ThumzupMedia.com.

NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP

The MoneyShow/TradersEXPO Las Vegas: Unlock the Full Spectrum of Investing Opportunities

The highly anticipated MoneyShow/TradersEXPO Las Vegas will take place from Feb. 17-19, 2025, at the luxurious Paris Las Vegas resort. This premier event will bring together investors, traders, financial analysts, portfolio managers, finance experts, and best-selling authors for three days of unparalleled learning, insightful discussions and meaningful collaborations.

Every new year introduces fresh opportunities, emerging trends and unique challenges for traders and investors. With the theme New Year 2025: New Opportunities, this event is designed to equip attendees with the tools and knowledge needed to successfully navigate the complexities of the 2025 financial landscape.

Attendees will have the chance to learn directly from some of the nation’s most respected financial strategists, money managers and investment experts. By leveraging insights shared during the event, participants can gain a significant edge in their portfolios and decision-making strategies.

Key Highlights and Reasons to Attend:

  • Stay Ahead of Economic Shifts: Understand the latest changes in the economy and learn how to capitalize on emerging opportunities.
  • Master Tech Sector Trends: Discover how to maximize profits by staying ahead of developments in cutting-edge technologies like artificial intelligence and blockchain.
  • Navigate Political Impacts on Investments: Gain insights into how shifts in Washington’s political climate could influence your financial strategies.
  • Receive Expert Recommendations: Obtain actionable, portfolio-boosting tips tailored to individual financial goals.
  • Engage with Industry Leaders: Interact in person with some of the brightest minds in finance and gain valuable mentorship.
  • Explore Creative Savings and Return Strategies: Learn innovative methods to save money and optimize returns in both volatile and stable markets.

This year’s MoneyShow/TradersEXPO will feature more than 75 renowned speakers and over 100 dynamic presentations covering a broad spectrum of investment and trading topics. Headlining speakers include Dan Ives of Wedbush Securities, Mark Mahaney of Evercore ISI, Anas Al Hajji of Energy Outlook Advisors, Kristina Hooper of Invesco, Ralph Acampora of Hedge Friend, and Matt Hougan of Bitwise Asset Management.

Attendees will gain actionable insights into the most profitable short-term and long-term investments across various asset classes, including stocks, real estate, cryptocurrencies, fixed income, commodities, and alternative investments. In addition to the presentations, attendees will also benefit from:

  • Interactive Workshops: Learn about niche investment strategies and explore actionable ideas in real-time with expert facilitators.
  • MoneyMasters Courses: Enjoy in-depth, extended-length sessions on a wide variety of investing and trading topics during classes taught by leading MoneyShow educators.
  • Networking Opportunities: Connect with like-minded individuals, industry leaders and financial professionals to build long-term relationships that extend beyond the event.
  • Innovative Exhibit Hall: Browse a curated selection of exhibitors showcasing the latest in financial tools, services and investment opportunities.

The MoneyShow/TradersEXPO Las Vegas is more than just a conference; it’s an immersive experience designed to empower participants to navigate 2025’s challenges with confidence. Whether it’s understanding how geopolitical shifts impact markets or identifying promising investment sectors, this event equips attendees with practical strategies and exclusive insights they won’t find elsewhere.

To learn more or register for this must-attend event, visit: https://ibn.fm/eprgA.

Astiva Health Achieves 188% Membership Growth as It Strengthens Medicare Advantage Leadership

  • Astiva Health now serves more than 30,000 members, an increase that reflects the growing demand for the company’s unique, culturally aligned health care model.
  • Astiva’s focus on multilingual support and tailored healthcare solutions are some of the key factors driving its success.
  • The increase in membership comes as Astiva earned a prestigious 4-star CMS rating for 2025, placing it among the top-rated Medicare Advantage providers in California.
  • The high CMS rating comes with up to $1,200 more per beneficiary annually compared to lower-rated plans.
  • Astiva will use the increased funding to expand its offering with additional member benefits and to further increase member satisfaction and growth.

Astiva Health, a fast-growing Medicare Advantage Prescription Drug (“MAPD”) health plan dedicated to reshaping personalized and comprehensive healthcare, has reported an impressive 188% membership increase over the past year. Membership grew from 10,500 in January 2024 to 30,257 by January 2025, highlighting the company’s ability to meet the evolving needs of its diverse member base and its position as a trusted provider of innovative, personalized health care (https://ibn.fm/olb2m).

This membership surge reflects the growing demand for Astiva’s culturally aligned health care model. The emphasis on multilingual support and culturally responsive services has made the company a leader in inclusive health care. In addition, partnerships with local businesses and activity centers have enabled Astiva to foster meaningful connections that enhance member satisfaction and engagement, further driving membership growth.

“Growing from 10,000 to over 30,000 members reflects the trust and confidence our communities have placed in Astiva Health,” said Dr. Tri T. Nguyen, co-founder and CEO. “This achievement validates our commitment to delivering culturally sensitive health care solutions that meet the unique needs of our members. We are excited to build on this momentum and continue enhancing our services to improve overall member well-being.”

The increase in membership comes as only a couple of months ago, the company earned a coveted 4-star rating from the Centers for Medicare & Medicaid Services (“CMS”) for 2025. The rating places Astiva among the top Medicare Advantage providers in California, enhancing its reputation for member satisfaction (https://ibn.fm/4bfr7).

The CMS Star Ratings assess plans on over 40 metrics, including preventive care, chronic disease management and member experience. High ratings bring significant financial benefits, including up to $1,200 more per beneficiary annually, which Astiva reinvests into enhanced member services and benefits, such as lower co-pays, reduced out-of-pocket expenses, and enhanced supplemental services—including vision, dental, transportation, and fitness programs.

By prioritizing benefits that improve quality of life, Astiva addresses the holistic needs of its members while setting a high standard in Medicare Advantage offerings. Astiva attributes its success to its inclusive approach, bridging health care gaps and addressing diverse member needs. Offering multilingual resources, collaborating with culturally aligned providers, and focusing on underserved populations is making a lasting impact on the health care landscape.

“This growth represents just the beginning of our journey,” said Chi Luong, chief financial officer. “Our focus remains on expanding our services, delivering high-quality care, and creating meaningful impacts within the communities we serve. We are committed to setting new standards for culturally responsive health care.”

For more information, visit the company’s website at www.AstivaHealth.com.

NOTE TO INVESTORS: The latest news and updates relating to Astiva are available in the company’s newsroom at https://ibn.fm/Astiva

McEwen Mining (NYSE: MUX) (TSX: MUX) Caps 2024 with Transformative Investments, Exploration Wins

  • McEwen Copper secured a $35 million investment from Nuton, a Rio Tinto venture, to advance the Los Azules project in Argentina.
  • Operational efficiencies resulted in a 12% reduction in production costs, showcasing the company’s resilience and focus on value creation.
  • Promising exploration results at the Grey Fox project opened new opportunities for growth.

McEwen Mining (NYSE: MUX) (TSX: MUX) concluded 2024 with several pivotal developments that reinforced its position in the mining industry. From securing significant investments to achieving regulatory milestones, the final quarter marked a period of transformative progress for the company.

One of the most notable highlights was McEwen Copper’s additional $35 million investment from Nuton, a Rio Tinto venture, announced in December. This funding bolsters the development of the Los Azules copper project in Argentina, a cornerstone asset for McEwen Mining through its 46.4% stake in McEwen Copper. “The continued support from Rio Tinto’s Nuton demonstrates confidence in our vision for Los Azules as a world-class copper project,” Rob McEwen, Chairman and Chief Owner of McEwen Mining, stated in an interview with Mining Journal.

Further advancing its progress, McEwen Copper secured an environmental permit for the construction and operation of Los Azules. This milestone, achieved in November, could enable the company to expedite its development timeline. “This permit is a testament to our commitment to responsible mining and environmental stewardship,” McEwen shared during the Precious Metals Summit in November.

On the exploration front, McEwen Mining’s Grey Fox project revealed promising results that expand its resource potential. The company recently highlighted discoveries that could translate into future production growth. “These findings open up new possibilities for both resource expansion and operational scalability,” McEwen remarked in the company’s Q3 earnings call.

The company’s leadership has garnered recognition for its efforts in innovation and sustainability. Michael Meding, Vice President of McEwen Copper and General Manager of the Los Azules copper project, was presented the prestigious Miner of the Year award by Panorama Minero.

Financially, McEwen Mining showcased resilience amid fluctuating commodity markets, achieving a 25% improvement in cash flow to $15 million in its most recently reported financial results (https://ibn.fm/NmnDd). Operational efficiencies drove a 12% reduction in production costs compared to the previous quarter, underscoring the company’s ability to navigate industry challenges while maintaining its focus on long-term value creation.

McEwen Mining is kicking off 2025 with participation in several high-profile events such as the Future Minerals Forum from Jan. 14-16 in Saudi Arabia, Mines & Money Conference on Feb. 20-21 in Miami, Florida, the BMO Global Metals, Mining & Critical Minerals Conference from Feb. 23-26 in Hollywood, Florida, Red Cloud Conference on Feb. 27-28 in Toronto and PDAC 2025 from March 2-5 in Toronto. These forums will provide platforms to showcase the company’s advancements and engage with a global investor audience. Additionally, Rob McEwen will be featured in an interview with Sharewise on Jan. 23, which may offer further insights into the company’s direction for 2025.

In summary, McEwen Mining’s 2024 performance demonstrated robust momentum through strategic partnerships, regulatory achievements and exploration breakthroughs. With an ambitious roadmap and the continued support of stakeholders, the company is well-positioned to capitalize on emerging opportunities in the mining sector and drive value long term.

For more information, visit the company’s website at www.McEwenMining.com.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Secures $25.8M for Battery Storage Projects as Demand Surges

  • The $25.8 million in financing from the Royal Bank of Canada will be used for two Ontario-based battery energy storage system projects.
  • The projects mark SolarBank’s first foray into energy storage, a market expected to reach $31.2 billion by 2029.
  • Contracts for the projects include a 22-year term with fixed capacity payments significantly above the market average.
  • The projects will benefit from Canada’s Clean Technology Investment Tax Credit, covering up to 30% of eligible capital costs.
  • Battery storage is becoming essential for grid resilience, cost management and meeting skyrocketing energy demand.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is expanding into the fast-growing battery energy storage market. The company has closed a $25.8 million non-recourse loan with the Royal Bank of Canada to fund the construction, operation and maintenance of two 4.99 MW battery energy storage system (“BESS”) projects in Ontario, named SFF 06 and 903 (https://ibn.fm/G76GJ).

Both projects were awarded 22-year contracts under Ontario’s Expedited Long-Term RFP (“E-LT1 RFP”) in July 2023. These contracts include fixed capacity payments of $1,221/MW per business day, well above the $876/MW average for similar projects.

Additionally, the projects qualify for Canada’s Clean Technology Investment Tax Credit, offering a 30% reimbursement of eligible capital costs. This incentive significantly boosts the economic viability of the projects while aligning with SolarBank’s sustainability goals.

These projects represent SolarBank’s initial entry into the battery storage sector, a move well-timed as global demand for energy storage surges. The market is projected to grow at a 16.3% annual rate, reaching $31.2 billion by 2029 (https://ibn.fm/70aBw).

Battery storage systems are becoming critical for addressing grid inefficiencies, aging infrastructure and surging energy demand. By storing energy for later use, BESS can mitigate grid failures during extreme weather, reduce costs during peak demand, and support renewable energy integration (https://ibn.fm/mlml2).

In regions like Texas, battery storage has already demonstrated its value. During high-demand days in 2024, battery storage infrastructure saved the state $750 million in energy costs, according to Aurora Energy Research. This success serves as a case study for other markets, including Canada, where SolarBank is poised to make an impact.

The need for energy storage is driven by unprecedented demand from sectors like AI and bitcoin mining. In Texas alone, data center expansion is projected to double grid capacity needs by 2030. As countries worldwide commit to scaling energy storage capacity sixfold by 2030, projects like SolarBank’s BESS systems in Ontario are essential to achieving these goals.

Noah Roberts of the American Clean Power Association emphasized that battery storage is not just a transition but a transformation. Its role in maintaining grid resilience and meeting climate targets makes it an indispensable part of the energy landscape.

SolarBank’s entry into the battery storage market is a natural extension of its renewable energy expertise, as it already has an impressive portfolio of renewable energy initiatives including more than 100 megawatts of developed capacity and a pipeline exceeding one gigawatt. These projects serve to emphasize the company’s leadership in the clean energy space and its commitment to sustainability and innovation as a key player in driving the renewable energy transition.

For more information, visit the company’s website at SolarBankCorp.com. This report contains forward looking information. Please refer to https://ibn.fm/G76GJ for additional details.

NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Committed to Playing Crucial Role in Metals Exploration Space

  • The exploration and discovery of key metals are more critical than ever, ensuring a steady supply to meet burgeoning global demands.
  • Aston Bay is focused on exploring for high-grade copper and gold in North America.
  • Companies such as Aston Bay play a crucial role in identifying and developing new sources of key metals, ensuring that supply can meet global needs.

In the modern era, metals are the backbone of technological advancement and economic development. From the devices that connect us to the infrastructure that supports us, key metals are indispensable. Aston Bay Holdings (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits, is committed to becoming a leader in this space.

The exploration and discovery of key metals are more critical than ever, ensuring a steady supply to meet burgeoning global demands. These metals include copper, cobalt, silver and gold:

  • Often referred to as “the metal of electrification,” copper is essential for electrical wiring, motors and renewable energy systems. Its superior conductivity makes it a cornerstone in power generation and transmission, especially vital as the world shifts towards sustainable energy solutions.
  • A critical component in lithium-ion batteries, cobalt is fundamental to the performance and longevity of rechargeable batteries used in smartphones, laptops and electric vehicles. As the demand for electric vehicles surges, so does the need for ethically sourced cobalt.
  • Beyond its historical allure, silver boasts exceptional electrical and thermal conductivity. The metal is integral in electronics, solar panels and medical devices, playing a pivotal role in the advancement of green technologies and healthcare equipment.
  • While traditionally valued for its rarity and beauty, gold’s resistance to corrosion and excellent conductivity make it vital in electronics, aerospace and medical devices. Its unique properties ensure reliability and efficiency in critical applications.

Aston Bay focuses on exploring and developing base metals properties in North America, with a strategic focus on mining-friendly regions such as Nunavut, Canada. This focus underscores its commitment to meeting the growing demand for these essential metals. The company’s current efforts include the following:

  • Storm Copper Project: Located in Nunavut, this project has yielded significant copper discoveries, positioning it as a potential major contributor to the copper supply chain. Recent assays have reported substantial copper mineralization, indicating a promising future for the project.
  • Epworth Property: Also in Nunavut, this property is being explored for high-grade copper, silver and cobalt. The presence of these critical metals aligns with global needs, particularly in renewable energy and technology sectors.

The escalating demand for metals, driven by technological innovation and the growing commitment to sustainable energy, necessitates robust exploration efforts. Companies such as Aston Bay play a crucial role in identifying and developing new sources of these metals, ensuring that supply can meet global needs. Moreover, responsible exploration and mining practices are essential to minimize environmental impact and promote sustainability. By focusing on ethical sourcing and adhering to stringent environmental standards, the industry  can support technological progress while safeguarding the planet.

Metals such as copper, cobalt, silver and gold are integral to the fabric of modern society, enabling advancements in technology, energy and healthcare. The exploration and discovery of these metals are vital to sustain and propel these sectors forward. Aston Bay exemplifies the dedication and innovation required in this field, contributing significantly to the future of metals supply through its strategic projects and discoveries.

For more information, visit AstonBayHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to ATBHF are available in the company’s newsroom at https://ibn.fm/ATBHF

Massimo Group (NASDAQ: MAMO) Is ‘One to Watch’

  • Massimo Group operates within a large and growing total addressable market that’s projected to surpass $18 billion by 2026.
  • The company’s cost-competitive and feature-rich products, including all-electric offerings, provide a strong value proposition.
  • Recent automation initiatives at its Texas factory are expected to improve manufacturing efficiency by an estimated 50%.
  • During the first three quarters of 2024, revenue increased by 20.8% to $91.2 million compared to the same period in 2023, reflecting strong market demand and successful product launches.
  • Strategic partnerships, such as those with Vision Marine and Rural King, enhance Massimo’s market reach and growth opportunities.
  • Consistent innovation, as seen in the launches of the T-Boss 1000 and MVR Series, is expected to drive Massimo’s push to be a leader in its industry.

Massimo Group (NASDAQ: MAMO) is a prominent manufacturer and distributor specializing in powersports vehicles and recreational watercraft. Established in 2009, the company has built a reputation for delivering value-packed utility terrain vehicles (“UTVs”), all-terrain vehicles (“ATVs”), and on-road vehicles to both recreational enthusiasts and professionals in the agricultural sector. In 2020, Massimo expanded its offerings by launching Massimo Marine, dedicated to crafting high-quality watercraft with advanced designs and exceptional customer service.

Massimo Group is focused on sustainability. Its recent initiatives, including the introduction of the MVR Series of electric carts, highlight the company’s commitment to eco-friendly solutions that address growing consumer demand for sustainability in the powersports and marine industries.

The company’s manufacturing capabilities have also evolved significantly. Its expanded 376,000-square-foot facility in Garland, Texas, now features advanced automation, including a vehicle assembly robot line. This addition is expected to significantly enhance production capacity and efficiency, enabling Massimo to scale its operations and better meet market demand.

Product Portfolio

Massimo Group’s product portfolio showcases its dedication to innovation and versatility. Its diverse lineup combines advanced features, sustainability and value to meet the needs of a dynamic market.

Massimo Motor: This category includes a wide range of UTVs, ATVs, go-karts, and mini-bikes designed for both recreational and practical applications. Notable recent additions include the T-Boss 1000 UTV, which combines rugged performance with advanced features, and the GKD 350 All-Terrain Go-Kart, a versatile two-seater ideal for various terrains. The Buck 550-6 Crew, a six-seater UTV, further expands this lineup, providing comfort and utility for families and light-duty users at an accessible price point.

Massimo Marine: Specializing in pontoon and tritoon boats, this division emphasizes luxury and performance. A recent collaboration between Massimo and Vision Marine Technologies has introduced electric pontoon platforms, catering to consumers seeking eco-friendly watercraft for both commercial and recreational use.

Massimo Electric: Reflecting the company’s commitment to sustainability, Massimo Electric focuses on low-speed electric vehicles (“LSVs”) tailored for diverse applications. Recent launches include the MVR 2X Golf Cart and MVR Cargo Max Utility Cart, which deliver advanced features and versatility for recreational users and professionals in industries like farming and groundskeeping.

By combining practicality with cutting-edge design, Massimo Group seeks to set the standard in the powersports and marine industries.

Market Opportunity

The global ATV and UTV market is experiencing robust growth, with North America projected to reach approximately $9.18 billion in 2024 and expand at a compound annual growth rate (“CAGR”) of 7.8% to $13.37 billion by 2029, according to Mordor Intelligence. Likewise, the U.S. electric UTV and ATV powertrain market is rapidly expanding. It was valued at $2.46 billion in 2022 and is expected to grow at a CAGR of 10.2%, reaching $5.18 billion by 2030, as reported by Grand View Research.

The pontoon boat market complements this growth, driven by increased interest in leisure and marine tourism. The market size exceeded $7.9 billion in 2022 and is projected to grow at a CAGR of 8.3% through 2032, according to Global Market Insights. Massimo Marine’s introduction of electric pontoon platforms through its Vision Marine partnership is expected to position the company to effectively address this growing market segment.

With strategic partnerships and an expanding dealer network, Massimo believes it is poised to penetrate deeper into domestic and international markets. The company’s service coverage currently includes over 2,800 retail locations, 600 motor service centers, and 5,500 marine service centers, ensuring robust support and accessibility for customers. This extensive distribution network underpins Massimo’s ability to capture market share and drive sustained growth.

Leadership Team

David Shan, Founder, Chairman and CEO, established Massimo Motor in 2009 and Massimo Marine in 2020. He has led the company through significant growth phases, including the development of diverse product lines and its public listing. Shan holds a bachelor’s degree in international trade from Qingdao Ocean University of China.

Dr. Yunhao Chen, CPA, serves as the company’s Chief Financial Officer, bringing extensive experience in capital markets, financial reporting and corporate governance since her appointment in May 2023. She holds a Ph.D. in accounting and an MBA in finance from the University of Minnesota.

Michael Smith, Vice President, joined Massimo in 2019 and played a pivotal role in launching Massimo Marine. With a strong background in powersports retail and product innovation, he is dedicated to driving new product development. Smith studied international business and marketing at the University of California, San Diego.

‎For more information, visit the company’s website at www.MassimoMotor.com.

NOTE TO INVESTORS: The latest news and updates relating to MAMO are available in the company’s newsroom at https://ibn.fm/MAMO

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