Appalachia

MALACHITE INNOVATIONS ANNOUNCES CLOSING OF $1.0 MILLION CAPITAL RAISE TO FUND FIRST ACQUISITION OF FORMER MINE LAND

Retrieved on: 
Friday, September 15, 2023

Malachite also announces the closing of a $1.0 million capital raise and the purchase of approximately 1,600 acres of former mine land in Lincoln County, West Virginia (“Former Mine Land”).

Key Points: 
  • Malachite also announces the closing of a $1.0 million capital raise and the purchase of approximately 1,600 acres of former mine land in Lincoln County, West Virginia (“Former Mine Land”).
  • Catalyst Land is a newly-formed, wholly-owned subsidiary focused on acquiring, rehabilitating and repurposing undervalued and underutilized real estate throughout the Appalachian Region.
  • Consistent with Malachite’s mission driven approach to improving the health and wellness of people and the planet, Catalyst Land is targeting challenging land opportunities in the most disadvantaged areas of Appalachia.
  • On August 24, 2023, Malachite raised $1.0 million from Indemnity National Insurance Company (“Indemnity National”) with the proceeds used to fund the purchase of the Former Mine Land.

Fidelis New Energy selects Battelle Carbon Services as its Subsurface Contractor for Carbon Capture and Sequestration in Support of the Mountaineer GigaSystem™ Hydrogen Project in West Virginia

Retrieved on: 
Tuesday, September 5, 2023

HOUSTON, Sept. 5, 2023 /PRNewswire/ -- Fidelis New Energy has selected Battelle Carbon Services, a leader in commercial carbon storage site development, to drill and collect stratigraphic test well data, acquire seismic data and to submit multiple Class VI sequestration permit applications in West Virginia. This program is for the safe and permanent sequestration of carbon dioxide from Fidelis' Mountaineer GigaSystem™ project in Mason County, West Virginia. Fidelis has been collaborating with Battelle since 2021. Going forward, the parties will continue to work together leveraging the extensive subsurface experience of both parties from developing carbon sequestration assets in Appalachia and other regions.

Key Points: 
  • Fidelis New Energy® has engaged Battelle for its subsurface CCS expertise to support its world-class carbon sequestration project in West Virginia.
  • This program is for the safe and permanent sequestration of carbon dioxide from Fidelis' Mountaineer GigaSystem™ project in Mason County, West Virginia.
  • Going forward, the parties will continue to work together leveraging the extensive subsurface experience of both parties from developing carbon sequestration assets in Appalachia and other regions.
  • Battelle, combined with Fidelis project development, financing, construction, and operational expertise puts West Virginia on a path to become a leader in the utilization of carbon capture and sequestration."

Operation UNITE and HarborPath Awarded $1 Million Grant to Fund Naloxone-Plus Program in Kentucky

Retrieved on: 
Thursday, April 27, 2023

Operation UNITE received a $1 million grant from the Kentucky Opioid Abatement Advisory Commission on Thursday to launch its Naloxone-Plus initiative in partnership with HarborPath.

Key Points: 
  • Operation UNITE received a $1 million grant from the Kentucky Opioid Abatement Advisory Commission on Thursday to launch its Naloxone-Plus initiative in partnership with HarborPath.
  • View the full release here: https://www.businesswire.com/news/home/20230427005905/en/
    Kentucky Attorney General Daniel Cameron announced that Operation UNITE has received a $1 million grant to launch its Naloxone-Plus initiative across 33 counties in eastern Kentucky.
  • UNITE offers the availability, distribution, and education of naloxone, coupled with prevention efforts, within its 33-county service region in eastern Kentucky.
  • “We are honored to partner with Operation UNITE in launching the Naloxone-Plus program and providing access to naloxone in the Appalachian Region.

Empire Diversified Energy to be Included in Appalachian Regional Clean Hydrogen Hub Application to the Department of Energy

Retrieved on: 
Tuesday, April 18, 2023

FORT LAUDERDALE, Fla., April 18, 2023 /PRNewswire/ -- Empire Diversified Energy, Inc. (OTC Markets Pink (Ticker Symbol: MPIR).

Key Points: 
  • FORT LAUDERDALE, Fla., April 18, 2023 /PRNewswire/ -- Empire Diversified Energy, Inc. (OTC Markets Pink (Ticker Symbol: MPIR).
  • Empire Diversified Energy, Inc. ("Empire") is pleased to announce that one of its renewable energy projects has been included as a key element in the Appalachian Regional Clean Hydrogen Hub's (ARCH2's) proposal to the U.S. Department of Energy (DOE).
  • Empire's waste-to-fuels project will be used to power state-of-the-art trucks, heavy equipment and other industrial applications.
  • Empire is committed to West Virginia, its application of green technologies across its portfolio businesses, while providing a safer, more sustainable and cleaner future."

JanOne to Present Data On Its Two Non-Opioid Drug Candidates at The Appalachian Region Spine and Pain Meeting on Drug Development Programs to Treat Pain on April 15, 2023

Retrieved on: 
Thursday, April 13, 2023

The Appalachian Spine and Pain Meeting is a forum attended mostly by pain management physicians to learn and discuss new and innovative treatments.

Key Points: 
  • The Appalachian Spine and Pain Meeting is a forum attended mostly by pain management physicians to learn and discuss new and innovative treatments.
  • JanOne is working to develop multiple medications to help treat pain without addiction.
  • "The opioid crisis really impacted this country and we realized what is needed are new options to treat pain without opioids.
  • We look forward to developing these products so doctors have the tools they need to treat pain without addiction", noted Tony Isaac CEO of JanOne.

MALACHITE INNOVATIONS ANNOUNCES FORMER NFL QUARTERBACK BERNIE KOSAR HAS JOINED THE COMPANY AS A STRATEGIC ADVISOR

Retrieved on: 
Wednesday, December 21, 2022

CLEVELAND, OHIO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today announced the engagement of Bernie Kosar as a Strategic Advisor.

Key Points: 
  • CLEVELAND, OHIO, Dec. 21, 2022 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today announced the engagement of Bernie Kosar as a Strategic Advisor.
  • Mr. Kosar is a former NFL quarterback who played eight seasons with the Cleveland Browns, one season with the Dallas Cowboys (where he won a Super Bowl), and two seasons with the Miami Dolphins.
  • Mr. Kosar played collegiately at the University of Miami where he led the team to a National Championship in 1983.
  • Michael Cavanaugh, Malachite’s Chief Executive Officer, commented, “Malachite is pleased to welcome Bernie Kosar as its newest Strategic Advisor.

MALACHITE INNOVATIONS LAUNCHES NEW BUSINESS FOCUSED ON MITIGATION BANKING TO RESTORE ENVIRONMENTALLY DEGRADED STREAMS AND WETLANDS

Retrieved on: 
Tuesday, December 20, 2022

CLEVELAND, OHIO, Dec. 20, 2022 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today announced the launch of Pristine Stream Ventures, Inc. (“Pristine Stream”), a new wholly-owned operating business focused on mitigation banking to restore and preserve environmentally degraded streams and wetlands.

Key Points: 
  • CLEVELAND, OHIO, Dec. 20, 2022 (GLOBE NEWSWIRE) -- MALACHITE INNOVATIONS, INC. (OTC Mkts: MLCT) (“Malachite”), a public company focused on improving the health and wellness of people and the planet, today announced the launch of Pristine Stream Ventures, Inc. (“Pristine Stream”), a new wholly-owned operating business focused on mitigation banking to restore and preserve environmentally degraded streams and wetlands.
  • A mitigation bank is a stream, wetland or other aquatic resource area that has been restored or preserved for the purpose of providing compensation for environmental impacts to other aquatic resources.
  • A mitigation bank is created to ensure that ecological loss resulting from new development is offset by the restoration and preservation of other nearby natural habitats so there is no net loss to the environment.
  • Regulatory agencies determine the number of mitigation credits that a mitigation bank may earn and sell for each specific restoration project, and likewise, the number of mitigation credits that a developer must purchase to offset the environmental impact of each new development project.

MALACHITE INNOVATIONS LAUNCHES NEW BUSINESS FOCUSED ON PROVIDING ECO-FRIENDLY, TECHNOLOGY-DRIVEN SECURITY SERVICES TO ACTIVE AND FORMER MINE SITES USING MILITARY VETERANS AND FIRST RESPONDERS

Retrieved on: 
Tuesday, November 29, 2022

Range Security is intended to serve as a complementary business to Range Environmental Resources and Range Natural Resources, both wholly-owned operating businesses of Malachite that provide environmental services to active and former mine sites throughout the Appalachian Region.

Key Points: 
  • Range Security is intended to serve as a complementary business to Range Environmental Resources and Range Natural Resources, both wholly-owned operating businesses of Malachite that provide environmental services to active and former mine sites throughout the Appalachian Region.
  • Mine sites frequently comprise thousands of acres of natural habitat with valuable infrastructure and operating assets dispersed across large tracts of land.
  • Currently, most landowners engage security companies staffed with guards driving light-duty trucks around large mine sites, resulting in suboptimal security services and excessive carbon emissions.
  • Range Security is a perfect example of our philosophy of looking at solving old problems in new ways, stated Cavanaugh.

Rye Development Advances Progress at Lewis Ridge Pumped Storage

Retrieved on: 
Monday, October 24, 2022

BELL COUNTY, Ken., Oct. 24, 2022 /PRNewswire/ -- Rye Development (Rye), a leading U.S. hydropower developer with a current pipeline of over 25 projects in 10 states, has filed their Pre-Application Document (PAD) and Notice of Intent to file a License Application to the Federal Energy Regulatory Commission (FERC) for the Lewis Ridge Closed Loop Pumped Hydropower Storage project (Lewis Ridge) in Bell County, KY.

Key Points: 
  • BELL COUNTY, Ken., Oct. 24, 2022 /PRNewswire/ -- Rye Development (Rye), a leading U.S. hydropower developer with a current pipeline of over 25 projects in 10 states, has filed their Pre-Application Document (PAD) and Notice of Intent to file a License Application to the Federal Energy Regulatory Commission (FERC) for the Lewis Ridge Closed Loop Pumped Hydropower Storage project (Lewis Ridge) in Bell County, KY.
    "The PAD filing for Lewis Ridge is an important milestone in the development process," Paul Jacob, CEO of Rye.
  • Lewis Ridge is a closed-loop pumped storage project, utilizing a mature and proven technology that currently represents over 90% of grid-scale storage worldwide.
  • "The PAD filing for Lewis Ridge is an important milestone in the development process," said Paul Jacob, CEO of Rye Development.
  • "That is why we're proud to support Rye Development's Lewis Ridge project, which will represent a projected $1+ billion investment into Eastern Kentucky.

Rubicon Announces the Launch of Trick or Trash™ 2022

Retrieved on: 
Thursday, September 22, 2022

Trick or Trash participants deposit their wrappers into custom collection boxes and, once full, simply return the boxes for processing using a prepaid shipping label for carbon-neutral shipping.

Key Points: 
  • Trick or Trash participants deposit their wrappers into custom collection boxes and, once full, simply return the boxes for processing using a prepaid shipping label for carbon-neutral shipping.
  • Rubicons mission is to end waste, and our annual Trick or Trash Halloween recycling campaign is the purest example of this mission in action, said Nate Morris, Chairman and CEO of Rubicon.
  • This years program sees the return of The National Wildlife Federation (NWF) as the official education partner of Trick or Trash.
  • The company has pledged to place hundreds of Trick or Trash boxes in community organizations, YMCAs, Boys and Girls Clubs, and local schools.