Reported Earnings • Feb 26
Second quarter 2026 earnings released: US$0.012 loss per share (vs US$0.015 loss in 2Q 2025) Second quarter 2026 results: US$0.012 loss per share (improved from US$0.015 loss in 2Q 2025). Revenue: US$717.5k (up 15% from 2Q 2025). Net loss: US$925.7k (loss narrowed 1.2% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annuncio • Feb 07
ReVolve Renewable Power Corp. announced that it expects to receive $40 million in funding ReVolve Renewable Power Corp. entered into a credit agreement and announced a private placement of Secured Convertible Credit Facility to raise gross proceeds of $40,000,000 on January 5, 2026. The transaction involves participation from new investor Callaway Capital Management, LLC. The transaction will incur tranches. The first tranche consists $20,000,000 and is $10,000,000 initial advance payable at closing, with the remaining $10,000,000 drawable monthly as needed for qualified purposes, subject to customary conditions set out in the Credit Agreement. The second tranche of $20,000,000 will be made available to the Company during the term subject to meeting certain conditions specified in the Credit Agreement. Tranche A is convertible, at the option of the Lender, into common shares of the Company at a conversion price of $0.21 per Common Share. Tranche B is convertible, at the option of the Lender, into Common Shares at a conversion price of $0.29 per Common Share, reflecting a premium pricing structure aligned with future growth and scale. The Credit Facility has a maturity term of 4 years from the closing date of the transaction. The loan accrues 15% annual interest in kind, added to principal monthly, and the lender has the option to convert both principal and accrued interest into equity at the conversion price $0.21 for tranche A and $0.29 for tranche B. Immediately prior to the closing of the initial draw under Tranche A, the company will transition its public listing from the TSX Venture Exchange to the Canadian Securities Exchange. The Credit Agreement and the initial drawdown under tranche A remain subject to customary closing conditions, including completion of definitive documentation, required corporate and regulatory approvals, and satisfaction of conditions set out in the Credit Agreement. These conditions include completion of the Company’s listing on the CSE and receipt of all necessary CSE approvals in respect of the Credit Agreement. The company expects its Common Shares to be voluntarily delisted from the TSXV and listed on the CSE within approximately two to four weeks, subject to approval by both the CSE and the TSXV. The Company also announces that it intends to obtain written shareholder approval in connection with (i) the proposed voluntary delisting of its Common Shares from the TSXV and the proposed listing of its Common Shares on the CSE; and (ii) the Credit Agreement with Callaway Capital Management LLC, as required under applicable CSE policies. In respect of the Credit Agreement, shareholder approval is required under applicable CSE policies because the conversion of all or a portion of the indebtedness thereunder could result in the issuance of more than 50% of the Company’s currently outstanding Common Shares on a non-diluted basis and could cause the Lender to become a new Control Person of the Company. New Risk • Dec 31
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.4m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Market cap is less than US$10m (CA$13.4m market cap, or US$9.79m). Minor Risk Revenue is less than US$5m (US$4.0m revenue). Annuncio • Dec 22
ReVolve Renewable Power Corp., Annual General Meeting, Feb 26, 2026 ReVolve Renewable Power Corp., Annual General Meeting, Feb 26, 2026. Location: british columbia, vancouver Canada Reported Earnings • Nov 26
First quarter 2026 earnings released: US$0.006 loss per share (vs US$0.016 loss in 1Q 2025) First quarter 2026 results: US$0.006 loss per share (improved from US$0.016 loss in 1Q 2025). Revenue: US$448.8k (flat on 1Q 2025). Net loss: US$426.4k (loss narrowed 58% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Nov 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Revenue is less than US$5m (US$4.0m revenue). Market cap is less than US$100m (CA$16.3m market cap, or US$11.7m). Annuncio • Nov 08
ReVolve Renewable Power Corp. announced that it has received CAD 3.039973 million in funding On November 7, 2025. ReVolve Renewable Power Corp. announces that it has closed the transaction. New Risk • Oct 24
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$4.0m This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (CA$12.9m market cap, or US$9.20m). Minor Risk Revenue is less than US$5m (US$4.0m revenue). Annuncio • Oct 24
ReVolve Renewable Power Corp. announced that it expects to receive CAD 2.00013 million in funding ReVolve Renewable Power Corp. announce that it has entered into an agreement on a “best efforts” agency basis in connection with a brokered private placement of up to 10,527,000 units of the Company at a price of CAD 0.19 per Unit for aggregate gross proceeds of up to CAD 2,000,130. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share for a period of 24 months following the closing date of the Offering at an exercise price of CAD 0.40. The transaction includes participation from Beacon Securities Limited pursuant to which the Agent will act on behalf of the Company. The Company will also grant the Agent an option to offer an additional 1,579,000 Units at the Issue Price for additional proceeds of CAD 300,010 exercisable in whole or in part, at any time up to 48 hours prior to the closing of the Offering. The Units to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under Canadian securities laws. The Units may also be offered in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in those other jurisdictions outside of Canada and the United States provided it is understood that no prospectus filing or comparable obligation of the Company arises in such other jurisdiction. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the closing date in accordance with Canadian securities laws. The Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. New Risk • Sep 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Market cap is less than US$10m (CA$13.6m market cap, or US$9.81m). Minor Risk Large one-off items impacting financial results. Annuncio • Jun 25
ReVolve Renewable Power Corp. announced that it has received CAD 1.2 million in funding On June 23, 2025, Revolve Renewable Power Corp closed the transaction In connection with the Offering, the Company paid finders’ fees of CAD 37,500 to certain eligible finders, representing 6.0% of the gross proceeds raised by the Company from the sale of Units to subscribers directly introduced to the Company by such finders. In addition, the Company issued to eligible finders 150,000 non-transferable finders’ warrants (the “Finders’ Warrants”), representing 6.0% of the number of the Units sold to subscribers directly introduced to the Company by such eligible finders. Each Finders’ Warrant entitles the holder to acquire one Common Share of the Company at a price of CAD 0.25 per Common Share for a period of 12 months from the date of issuance.. New Risk • Jun 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.0m (US$8.72m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Market cap is less than US$10m (CA$12.0m market cap, or US$8.72m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Large one-off items impacting financial results. Annuncio • Jun 12
ReVolve Renewable Power Corp. announced that it expects to receive CAD 1.2 million in funding ReVolve Renewable Power Corp. announces a Non-Brokered private placement to issue 4,800,000 Life Units at a price of CAD 0.25 for gross proceeds of CAD 1,200,000 on June 11, 2025. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share for a period of 24 months following the closing date of the Offering at an exercise price of CAD 0.40. The Offering is scheduled to close on or about June 30, 2025 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. The Offering may be closed in multiple tranches. New Risk • Jun 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (CA$18.9m market cap, or US$13.8m). Reported Earnings • May 29
Third quarter 2025 earnings released: EPS: US$0.002 (vs US$0.021 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.002 (up from US$0.021 loss in 3Q 2024). Revenue: US$1.93m (up 472% from 3Q 2024). Net income: US$103.8k (up US$1.30m from 3Q 2024). Profit margin: 5.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$125k free cash flow). Market cap is less than US$10m (CA$10.7m market cap, or US$7.59m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Annuncio • Apr 09
Revolve Renewable Power Corp. Announces Project Development Work on the Company's Two Utility Scale Wind Projects in Mexico Is Being Accelerated as A Result of Increased Regulatory Certainty Revolve Renewable Power Corp. announced project development work on the Company's two utility scale wind projects in Mexico is being accelerated as a result of increased regulatory certainty. Development work on its two most advanced projects, which have a combined projected capacity of 531 megawatts ("MW"), is intensifying following new electricity generation regulations that have been implemented in Mexico. Revolve has two late-stage utility wind projects in Mexico: Project Overviews: Project Name: El 24 Wind Farm and Presa Nueva (I & II). Location: Tamaulipas, Mexico and Nuevo Leon, Mexico. Technology: Wind and Wind. Size: 131 MW and 400 MW. RTB Target: fourth quarter of 2026 and first quarter of 2027. For both projects: Wind assessment campaigns and detailed energy yield assessments have been completed. The Company is in the process of optimizing the project designs based on new turbine models. The interconnection application process is already underway for both projects and has been updated to reflect new turbine technology and project designs. Land lease option agreements have been executed for both projects and the rights of way required for the transmission lines required for interconnection are well advanced. The projects are located in a high wind resource area of Northeastern Mexico and in close proximity to the high voltage transmission network. Environmental permitting for both projects commenced a number of years ago and is expected to be taken up again post the regulatory updates and increasing market certainty from recent government announcements. The majority of minor permits and authorisations required for both projects are already in place and will be updated as needed to reflect any further optimization of the design for each project. The El 24 and Presa Nueva Wind Projects are key assets in the Company's "develop and sell" pipeline of renewable energy projects - one of three key pillars in Revolve's business model. Revolve develops large utility scale projects from greenfield to ready-to-build status, at which point it sells the development rights to large utilities and independent power producers. The sale of the Parker and Bouse projects in the US (Latest update June 10, 2024 - Revolve Receives USD 3.4 million Bouse Solar and Storage Project Milestone Payment) are a recent example of this segment of the Company's revenue stream. The second pillar of the Company's model is the "develop and hold" segment - Revolve develops, builds, owns and operates smaller utility scale projects (under 50 MW) as well as distributed generation ("DG") projects. The third pillar, M&A Expansion, supports both of these strategies. Revolve accelerates its growth through strategic acquisitions of operating assets and/or later stage development assets. Reported Earnings • Feb 27
Second quarter 2025 earnings released: US$0.015 loss per share (vs US$0.007 loss in 2Q 2024) Second quarter 2025 results: US$0.015 loss per share (further deteriorated from US$0.007 loss in 2Q 2024). Revenue: US$621.9k (up 375% from 2Q 2024). Net loss: US$937.2k (loss widened 132% from 2Q 2024). New Risk • Jan 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.9m (US$9.62m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Market cap is less than US$10m (CA$13.9m market cap, or US$9.62m). Minor Risk Large one-off items impacting financial results. New Risk • Dec 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.9m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Market cap is less than US$10m (CA$13.9m market cap, or US$9.90m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Significant insider selling over the past 3 months (CA$282k sold). Reported Earnings • Nov 01
Full year 2024 earnings released: US$0.039 loss per share (vs US$0.043 loss in FY 2023) Full year 2024 results: US$0.039 loss per share (improved from US$0.043 loss in FY 2023). Revenue: US$6.74m (up US$5.63m from FY 2023). Net income: US$2.34m (up US$4.69m from FY 2023). Profit margin: 35% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Annuncio • Oct 08
ReVolve Renewable Power Corp., Annual General Meeting, Dec 05, 2024 ReVolve Renewable Power Corp., Annual General Meeting, Dec 05, 2024. Location: british columbia, vancouver Canada Recent Insider Transactions • Sep 25
Independent Non-Executive Chairman recently sold CA$108k worth of stock On the 20th of September, Roger Norwich sold around 400k shares on-market at roughly CA$0.27 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months. Annuncio • Sep 06
ReVolve Renewable Power Corp. to Report Fiscal Year 2024 Results on Oct 29, 2024 ReVolve Renewable Power Corp. announced that they will report fiscal year 2024 results at 8:00 AM, US Eastern Standard Time on Oct 29, 2024 Annuncio • Jun 21
ReVolve Renewable Power Corp. Revises Earnings Guidance for the Fiscal Year Ending June 30, 2024 ReVolve Renewable Power Corp. revised earnings guidance for the fiscal year ending June 30, 2024. For the period, Company increased revenue forecast from USD 5.0 million to USD 6.0 million. On September 5, 2023, the Company provided forward looking guidance with respect to revenues and EBITDA for the financial year ending June 30, 2024 ("FY2024"). Specifically, revenue was projected to increase to USD 5 million with a breakeven EBITDA. Reported Earnings • Jun 04
Third quarter 2024 earnings released: US$0.021 loss per share (vs US$0.009 profit in 3Q 2023) Third quarter 2024 results: US$0.021 loss per share (down from US$0.009 profit in 3Q 2023). Revenue: US$337.4k (down 62% from 3Q 2023). Net loss: US$1.20m (down 353% from profit in 3Q 2023). Revenue is forecast to grow 144% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Canada. Annuncio • Apr 23
Revolve Renewable Power Corp. Provides Development Update on its Vernal BESS Project ReVolve Renewable Power Corp. provided an update on the ongoing development work for its 80MWh/20MW Vernal Battery Storage project (the "Project"). The Vernal BESS Project is an 80MWh /20MW battery storage project, located on a 47-acre land parcel wholly owned and administered by the State Land Trust (the "State Trust") in Uintah County, 4 miles north of Vernal, Utah. The project site benefits from excellent access through the existing local road network and is in close proximity to existing transmission infrastructure. The Company has identified the Project as a key project within its utility scale development portfolio that it intends on financing, constructing and operating for the generation of long term revenue and cashflow. As indicated in the previous project updates issued on March 23, 2023 and on September 11, 2023, the Company has been actively developing the Project since 2022 with a particular focus on completing the interconnection process. Interconnection: The Project is ideally located less than a half mile from the existing transmission network in the area. The Company applied for an interconnection with PacifiCorp in May 2022 as part of their 2022 Cluster 2 study and has since received both the Phase 1 and Phase 2 interconnection studies. The results of these studies were in line with the Company's expectations both in terms of the overall cost of the interconnection and the potential commissioning timeline. On this basis the Company decided to finalize the interconnection application process and has recently signed an interconnection agreement with PacifiCorp, completing what is a major milestone for the development of the Project. Permitting: The remaining permitting works on the Project are continuing and will over the coming months consist of preparing and applying for a conditional use permit and building permit with the local county, completing the plan of development and construction permit with the Utah State Land Trust and finalising the detailed design and engineering for the interconnection transmission line. The Company continues to target a ready to build date in late 2024 /early 2025 with construction works to commence in 2025 and commercial operations during 2026. These dates remain subject to securing suitable offtake arrangements for the Project. Annuncio • Apr 16
Revolve Renewable Power Corp. Appoints Tania Ontiveros as New Chief Financial Officer, Effective May 1, 2024 Revolve Renewable Power Corp. announced the appointment of Ms. Tania Ontiveros as its new Chief Financial Officer, effective May 1, 2024. Ms. Ontiveros is a CPA, CGA with over 15 years of accounting, finance and operations experience in private companies in Canada with a specific focus on the renewable energy sector. Over the past twelve years she has held a variety of roles in Elemental Energy, a renewable energy operator and developer based in Vancouver, Canada. This included most recently as Director of Corporate Finance & Operations. Ms. Ontiveros has a B.A. in Public Accounting from Universidad De La Salle Bajio, Leon, Guanajuato, Mexico and is a member and chapter lead in British Columbia of the Women in Renewable Energy. In her role as CFO, Ms. Ontiveros will be a key part of the Revolve senior management team based in Vancouver and will oversee the financial aspects of the Company's operations, including financial planning, budgeting, strategic financial analysis, project financing and will play a crucial role in driving and supporting the Company's continued growth. Steve Dalton thanked outgoing CFO, Mr. Nick Furber, for his guidance and support during his time with the Company. Nick has been CFO on an interim basis since completing RTO in March 2022 and has helped ensure a smooth transition from a private to public company. Reported Earnings • Feb 29
Second quarter 2024 earnings released: US$0.007 loss per share (vs US$0.003 loss in 2Q 2023) Second quarter 2024 results: US$0.007 loss per share (further deteriorated from US$0.003 loss in 2Q 2023). Revenue: US$130.9k (up 31% from 2Q 2023). Net loss: US$404.6k (loss widened 123% from 2Q 2023). Revenue is forecast to grow 117% p.a. on average during the next 2 years, compared to a 2.2% growth forecast for the Renewable Energy industry in Canada. Annuncio • Feb 10
ReVolve Renewable Power Corp. to Report Q2, 2024 Results on Feb 27, 2024 ReVolve Renewable Power Corp. announced that they will report Q2, 2024 results at 8:00 AM, US Eastern Standard Time on Feb 27, 2024 Annuncio • Jan 25
ReVolve Renewable Power Corp. announced that it has received CAD 2.317207 million in funding On January 25, 2024, ReVolve Renewable Power Corp. closed the transaction. The company has issued 8,130,551 units for aggregate gross proceeds of CAD 2,317,207 in the transaction. The company issued 1,715,542 units at a price of CAD 0.285 per unit for the gross proceeds of CAD 488,929.47 in the third and final tranche of the transaction. In connection with the Third Tranche, the Company paid a cash commission of CAD 7,508 to certain arms-length third parties who assisted in introducing subscribers to the Offering, representing 5% of the proceeds raised from subscribers introduced to the Company by such Finders. All securities issued and issuable pursuant to the Third Tranche are subject to a statutory hold period expiring May 25, 2024 in accordance with applicable securities laws and the policies of the TSXV. The Offering remains subject to the final approval of the TSXV. Annuncio • Nov 21
ReVolve Renewable Power Corp., Annual General Meeting, Dec 29, 2023 ReVolve Renewable Power Corp., Annual General Meeting, Dec 29, 2023. New Risk • Nov 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (25% average weekly change). Minor Risks Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Revenue is less than US$5m (US$1.1m revenue). Market cap is less than US$100m (CA$23.5m market cap, or US$17.1m). Annuncio • Nov 18
ReVolve Renewable Power Corp. announced that it expects to receive CAD 1.501113 million in funding ReVolve Renewable Power Corp. announces closing of first tranche of non-brokered private placement of 5,267,062 units at a price of CAD 0.285 per Unit for total gross proceeds of CAD 1,501,112 on November 16, 2023. Each Unit is comprised of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), with each Warrant exercisable to acquire one addition Common Share at a price of $0.45 for a period of eighteen (18) months following the closing date of the Offering, subject to the Acceleration Right (as defined below).In connection with the first tranche of the Offering, the Company paid a cash commission of $22,388 to certain arms-length third parties (the “Finders”) who assisted in introducing subscribers to the Offering, representing 5% of the proceeds raised from subscribers introduced to the Company by such Finders. All securities issued and issuable pursuant to the Offering are subject to a statutory hold period expiring March 17, 2024 in accordance with applicable securities laws and the policies of the TSXV. The transaction included the participation from Steve Dalton , Chief Executive Officer purchased 254,386 units and JosephO'Farrell, Director purchased 350,877 units. New Risk • Nov 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.5m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Market cap is less than US$10m (CA$13.2m market cap, or US$9.61m). Minor Risk Revenue is less than US$5m (US$1.1m revenue). Annuncio • Nov 10
ReVolve Renewable Power Corp. Announces Management Changes ReVolve Renewable Power Corp. announced that Following adoption of this plan, the Board has been informed by Mr. Finn Lyden that he has decided to step down as a non-executive director of the Company and will be resigning on November 8, 2023. In addition to this change, the Company announced the appointment of Ms. Susan Shaw (P. Eng) to the Board as a non-executive director. Susan has over 40 years of experience in energy, including nuclear power, waste-to-energy and district energy, but has focused the last 20 years on renewable power in the Canadian market. Across these energy specialties, her roles included business development, construction and project management, engineering and operations, and executive positions with profit /loss responsibility. Susan is a graduate of Georgia Tech and was the first woman licensed in the US as a Waste-to-energy plant operator. She led the Canadian District Energy Association for several years and is a founding director of an Ontario renewable energy co-op. Susan currently teaches renewable energy courses at Fanshawe College. Following these changes, Mr. JP Maguire, will replace Mr. Finn Lyden as a member of the Human Resources and Compensation Committee. Annuncio • Nov 01
ReVolve Renewable Power Corp. Reiterates Earnings Guidance for Fiscal Year 2024 ReVolve Renewable Power Corp. reiterated earnings guidance for Fiscal Year 2024. For the year, the company is projecting revenue to increase to USD 5 million. Annuncio • Oct 05
ReVolve Renewable Power Corp. (TSXV:REVV) agreed to acquire WindRiver Power Corporation for CAD 24.55 million. ReVolve Renewable Power Corp. (TSXV:REVV) agreed to acquire WindRiver Power Corporation for CAD 24.55 million on October 3, 2023. Under the terms of the Arrangement Agreement, the Purchaser will acquire all of the outstanding common shares of WindRiver (the "WindRiver Shares") in exchange for CAD 0.21787175502, in cash, per WindRiver Share, for total gross upfront consideration of CAD 0.485 million. The Purchaser may also pay up to CAD 14 million depending on whether WindRiver's Tamihi Creek and Kinskuch Lake hydro projects achieve certain milestones, are sold to a third party by the Purchaser or other post-closing events occur. In addition the Company has agreed to reimburse certain historic development costs related to these projects, to be reimbursed once construction has commenced on the respective project. The Company has also agreed to pass through contingent payments of up to CAD 5.7 million expected to be received by WindRiver from development assets previously sold to 3rd parties by WindRiver. Concurrently with signing of the Arrangement Agreement the Company has also signed financing agreements with RE Royalties Ltd. (TSXV:RE) ("RE Royalties") for the provision of a secured loan of up to CAD 5 million or 80% of the total upfront consideration to part finance the Proposed Acquisition (the "Secured Loan"). The financing agreements consist of a secured loan agreement and a royalty agreement between Revolve and RE Royalties. Completion of the Proposed Acquisition is subject a number of conditions, including the final acceptance of the TSX Venture Exchange (the "TSXV"), receipt of WindRiver shareholder approval, receipt of a final order approving the Arrangement from the Court of King's Bench of Alberta, Judicial Centre of Calgary (the "Final Order") and other customary closing conditions. Closing of the Proposed Acquisition is expected to occur in early December of this year. New Risk • Oct 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.3m free cash flow). Market cap is less than US$10m (CA$13.7m market cap, or US$9.99m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (US$1.0m revenue). Board Change • Jul 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. 1 highly experienced director. Non Executive Director Scott Lindsay is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Jan 18
ReVolve Renewable Power Corp. Provides Update on Its 3.2MWh BESS Project in Cancun, Mexico Revolve Renewable Power Corp. provided an update on the progress of its 3.2MWh (megawatt per hour) Battery Energy Storage System project located in Cancun, Mexico. This is the first BESS project that the company signed on August 29, 2022, under its new division, Revolve Renewable Business Solutions. Project Overview: The 3.2MWh battery storage system is being installed at the site of a major hotel chain in Cancun, Mexico; The company is the 100% the owner of the Project and has responsibility for the financing, installation and operation of the BESS system; A 10-year Energy Services Agreement (or "ESA") has been signed between the Company and the hotel operator for the provision of peak shaving and other energy related services; Under the ESA, the company will receive an annual fixed payment in addition to sharing the energy savings delivered by the Project over the 10-year contract period; An Engineering Procurement Contract (or "EPC") has been signed with Quartux Mexico S.A. de C.V. (or Quartux), a highly experienced installer and operator of battery storage systems in Mexico, to deliver a turnkey solution for the installation and commissioning of the BESS system; In addition to the EPC, a 10-year Maintenance Agreement has also been signed with Quartux for the day-to-day operation and optimization of the system including all routine maintenance; The Project is expected to cost approximately USD 1.8 million to install and commission including all related financing and transaction costs. Project Update: Quartux have provided the Company with an update on the installation works for the Project as follows: Site enabling works have been completed at the hotel including the installation of specialist metering equipment to facilitate the operation of the Project once fully commissioned; Manufacture of the BESS system has been substantially completed and shipment of the first BESS units has commenced. The initial units are expected to arrive on site in mid-February 2023 with the remaining scheduled for delivery in March 2023; Installation of the BESS system will commence before the end of Feb. and is expected to be completed by the end of March 2023; and The Project is forecast to be fully operational and generating revenue for Revolve shortly thereafter under the 10 year ESA. Annuncio • Jan 12
ENGIE IR Holdings LLC acquired 1,250MW of Utility Scale Solar and Storage Projects from ReVolve Renewable Power Corp. (TSXV:REVV) for $2 million. ENGIE IR Holdings LLC acquired 1,250MW of Utility Scale Solar and Storage Projects from ReVolve Renewable Power Corp. (TSXV:REVV) for $2 million on January 10, 2023. Agentis Capital Advisors acted as financial advisor, Baker Botts L.L.P. and Miller Thomson LLP acted as legal advisor to ReVolve Renewable Power Corp.ENGIE IR Holdings LLC completed the acquisition of 1,250MW of Utility Scale Solar and Storage Projects from ReVolve Renewable Power Corp. (TSXV:REVV) on January 10, 2023. Annuncio • Nov 22
ReVolve Renewable Power Corp. Provides Development Update on its 80MWh/20MW Vernal Battery Storage Project in the US Revolve Renewable Power Corp. provided an update on the ongoing development activity of its 80MWh/20MW Vernal Battery Storage project (the "Vernal BESS Project") This news release is the latest in a series of updates the Company will provide on its Utility Scale development portfolio in the US. The Vernal BESS Project is an 80MWh /20MW battery storage project, located on a 47-acre land parcel wholly owned and administered by the State Land Trust (the "State Trust") in Uintah County, 4 miles north of Vernal, Utah. The project is the Company's first stand-alone battery storage project under development in the US, which is a fast-growing segment of the energy market in the country. The project site already benefits from excellent access through the existing local road network and is in close proximity to existing transmission infrastructure. The Company has planned a very active work programme during 2023 and is targeting a RTB (ready to build) date of 2024 for the Vernal BESS Project. Development activity on the Vernal BESS Project commenced in May 2021 with the submission of an application to lease the project site from the State Trust in Utah. This was followed by the submission of an interconnection application and scoping for the permitting required for the project. Site control – Following completion of the application process signed a lease agreement with the State Trust in Jan 2022, which allows for the development, construction and long-term operation of the Vernal BESS Project. The current acreage under contract is 47 acres although the final project site is expected to utilise a much smaller footprint. Interconnection – the Vernal BESS Project is ideally located less than a half mile from the existing transmission network in the area. In May 2022 the company applied for an interconnection with Pacificorp the transmission system operator /owner of the interconnection infrastructure located adjacent to the project site as part of their 2022 Cluster 2 study. The results of this first phase of the study process were recently received by Revolve and they are currently being assessed in conjunction with the Company's technical advisers. Based on the analysis to date, the Company expects to advance the project to the next stage of the study process in early 2023. Permitting – The permitting requirements for a battery storage project are in general less onerous than those required for a wind or solar energy projects and the timeline would also be expected to be shorter. The Company engaged Wood Group to prepare a permitting matrix and timeline for the project. Permitting work on the project will commence First Quarter 2023 based on this matrix and is estimated to take up to eighteen months to achieve full approval given the relevant authorities are supportive of the project. Annuncio • Nov 16
ReVolve Renewable Power Corp. Provides Development Progress on its 250MW Parker Solar & Storage Project in the US Revolve Renewable Power Corp. provided an update on the ongoing development activity of its 250MW Parker Solar & Storage project (the Parker Project). The company is active on several utility scale solar, battery storage and wind projects in the US. This release is part of an ongoing effort to keep shareholders apprised of ongoing development activities at the Company's portfolio of utility scale solar, battery storage and wind projects in the US and Mexico. Parker Project Summary: The Parker Project is a 250MW solar and battery storage project, located on approximately 1,530 acres of land wholly managed by the Bureau of Land Management (the BLM) in La Paz County, 9 miles southeast of Parker, Arizona. The entire project site is located in a solar variance area as identified in BLM's Solar PEIS and Record of Decision (ROD) (BLM/DOE 2012, BLM 2012a). It has the capacity to provide electricity to an equivalent of approximately 300,000 homes. The site already benefits from excellent access through the existing state road network, and it is also in close proximity to existing transmission infrastructure. Considerable progress has been achieved on the Parker Project over the last eighteen (18) months and it is now moving towards the mid-stage of development. The Company is targeting a RTB (ready to build) timeline of 2024 for the Parker Project. Annuncio • Nov 02
Revolve Provides Development Update on 49.6MW Primus Wind Project Revolve Renewable Power Corp. provided an update on the ongoing development activity in relation to its 49.6MW Primus Wind project (the "Primus Project"). This release is part of an ongoing effort to keep shareholders apprised of ongoing development activities at the Company's portfolio of utility scale solar, battery storage and wind projects in the US and Mexico. Primus Wind Project Location: The Primus Project is located north of Burlington in Kit Carson County along the Eastern Plains of Colorado, one of the main wind energy states in the US. Average wind speeds in Kit Carson County are among the highest in the US, providing vast resource potential for wind energy projects. The Primus Project site is easily accessed through the existing local road network and is in close proximity to the local transmission network. Development activity on the Primus Project commenced in August 2021 and to date has consisted of securing site control, interconnection and energy resource assessment as follows: Site control - the Company has signed a number of lease option agreements with various private landowners, which provide sufficient land for the full capacity targeted for this phase of the Primus Project. These agreements provide Revolve with an option to enter into long term leases of up to 25 years to allow for the construction and operation of the Primus Project. Interconnection – the Primus Project is located in close proximity to the existing transmission network in the state. In addition to the existing transmission infrastructure, there are plans to significantly upgrade the transmission network across the Eastern Plains in Colorado to facilitate the continued expansion of renewable energy electricity generation projects. In late 2021 the Company applied for an interconnection informational study with Tri State Generation and Transmission Inc. ("Tri State"). The purpose of this study, which was received in February 2022, was to provide a detailed overview of the likely interconnection methodology for the Primus Project. Based on this study the Company made the decision to apply to Tri State for interconnection for the Primus Project. An interconnection application was submitted to Tri State in May of this year with the Phase One study results due to be released during first quarter of 2023. Energy resource assessment – the energy resource assessment consists in the first instance of the installation of a meteorological mast ("met mast") at the project site to collect climatic data over a minimum period of 12 months. Over the course of this year the Company obtained a permit from the local county office in Kit Carson for the installation of a met mast at the project site. The installation of this mast was completed in September by Harness Energy LLC, a specialist met tower installation and repair company based in Colorado and data collection has now commenced. 2023 Development Activities. The Company is planning to continue the development of the Project during 2023, with a particular focus on: Interconnection – completion of the Phase One study by Tri State and subject to the results of this study the Company will continue to the next phase of the interconnection process. Permitting – the Company is in the process of completing a permitting schedule for the Project. It expects to commence work on various county and state permits required for the Primus Project once the Phase One interconnection study has been received. These will take between 12 to 15 months to secure once applied for. Energy Resource – following collection of twelve months of wind data the Company will commission an energy yield assessment report, which will outline the electricity expected to be generated by the project under various scenarios and utilizing different types of wind turbines. Basic Engineering – the Company will appoint a 3rd party engineering firm to begin basic engineering works, which will focus on a preliminary design of the project layout and location of the turbines. These activities should be completed during first quarter of 2023. Revolve is targeting a ready to build date during 2024 for the Primus Project. Annuncio • Oct 15
ReVolve Renewable Power Corp., Annual General Meeting, Dec 09, 2022 ReVolve Renewable Power Corp., Annual General Meeting, Dec 09, 2022. Annuncio • Sep 16
Revolve Renewable Power Corp. Signs an Energy Services Contract Revolve Renewable Power Corp. signed an energy services contract for a new 3.2MWh Battery Energy Storage System This is the first BESS project signed under the Company's recently established distributed generation business and complements the recently completed acquisition of Centrica Business Systems (Mexico) The Project increases the Company's DG capacity in operation and under construction by 50% to approximately 9MWh. Project Details · The 3.2MWh battery storage system will be installed at the site of a major hotel chain in Cancun, Mexico. · Revolve will be the owner of the Project with responsibility for the financing, installation and operation of the BESS system. · A 10-year Energy Services Agreement (or "ESA") has been signed between the Company and the hotel operator for the provision of peak shaving and other energy related services. · Under the ESA agreement Revolve will receive an annual fixed payment in addition to sharing the energy savings delivered by the Project over the 10-year contract period. · An Engineering Procurement Contract (or "EPC") has been signed with Quartux Mexico S.A. de C.V. (or "Quartux"), a highly experienced installer and operator of battery storage systems in Mexico, to deliver a turnkey solution for the installation and commissioning of the BESS system. · In addition to the EPC a 10-year Maintenance Agreement has also been signed with Quartux for the day-to-day operation and optimization of the system including all routine maintenance. · The Project is targeted to be operational in First Quarter 2023 and will add to the recurring revenue base established by the Company with the recent acquisition of Centrica Business Solutions (Mexico). An updated financial forecast for the Company's DG division is currently being completed and will be released in due course. · The project is expected to cost approximately US$1.8m to install and commission including all related financing and transaction costs. Annuncio • Aug 30
ReVolve Renewable Power Corp. (TSXV:REVV) completed the acquisition of Centrica Business Solutions Mexico, S.A. De C.V. from Centrica plc (LSE:CNA) for MX$ 29.1 million. ReVolve Renewable Power Corp. (TSXV:REVV) agreed to acquire Centrica Business Solutions Mexico, S.A. De C.V. from Centrica plc (LSE:CNA) for MX$ 33 million on May 26, 2022. The purchase price has been financed by a CDN$1,600,000 secured loan and with the remainder of the purchase price being funded by cash on hand. The financing consists of a secured loan and a royalty agreement between Revolve and RE Royalties Ltd. The Secured Loan has a term of 24 months and is repayable at maturity, bears interest at 10% payable on a quarterly basis during the term. The Company has paid RE Royalties a financing fee of 1.5% of the Secured Loan amount on signing and drawdown of the loan facility. An exit fee of 1.5% will also be due on final repayment of the loan at the end of the 24mth term. The loan is secured by certain assets of the Company. Additionally, the Company has entered into a royalty agreement which provides for a variable royalty of between 1% to 5% on gross revenues generated on certain of the Operational Projects for the life of the power purchase agreements for each relevant Operational Project.
The Acquisition is being completed on a debt and liability free basis and CBS Mexico is not expected to have any employees at completion. The Acquisition is subject to customary closing conditions and the other conditions set out in the Purchase Agreement. Subject to satisfaction of such conditions, the Acquisition is expected to close within the next 45 days. Conditional approval has been received from the TSX Venture Exchange (the "TSXV") as the Acquisition is considered a "reviewable acquisition" in accordance with Policy 5.3 of the TSXV. Completion of the Acquisition is subject to final approval of the TSXV. Concurrently with signing of the Purchase Agreement the Company has also signed financing agreements with RE Royalties Ltd (TSXV:RE) for the provision of a secured loan to part finance the Acquisition.
ReVolve Renewable Power Corp. (TSXV:REVV) completed the acquisition of Centrica Business Solutions Mexico, S.A. De C.V. from Centrica plc (LSE:CNA) for MX$ 29.1 million on August 29, 2022. Annuncio • Aug 06
ReVolve Renewable Power Corp. Successfully Completes BLM Variance Process for the 250MW Parker Solar and Storage Project Revolve Renewable Power Corp. announced that of the United States Bureau of Land Management (the "BLM") has notified the Company that its right of way /variance land application for the 250 megawatt (or "MW") Parker Solar and Storage Project (the "Parker Project"), located in La Paz County, Arizona has been approved for further processing. This process included various preliminary meetings with relevant federal and state agencies, tribal consultation and a public consultation meeting held on February 2nd, 2022. Following completion of this process the Company has been officially notified of the BLM decision to approve the Parker Project for further processing. The Company also confirms that it has appointed Wood Group Inc. ("Wood"), a global engineering consultancy firm with extensive experience across the energy sector in the United States, to lead the field studies required as part of the NEPA process. The biological field studies have already commenced and will be completed in the coming months. The aquatic and cultural resource assessments will be completed during First Quarter 2023. Annuncio • May 28
ReVolve Renewable Power Corp. (TSXV:REVV) agreed to acquire Centrica Business Solutions Mexico, S.A. De C.V. for MX$ 33 million. ReVolve Renewable Power Corp. (TSXV:REVV) agreed to acquire Centrica Business Solutions Mexico, S.A. De C.V. for MX$ 33 million on May 26, 2022. he Acquisition is being completed on a debt and liability free basis and CBS Mexico is not expected to have any employees at completion. The Acquisition is subject to customary closing conditions and the other conditions set out in the Purchase Agreement. Subject to satisfaction of such conditions, the Acquisition is expected to close within the next 45 days. Conditional approval has been received from the TSX Venture Exchange (the "TSXV") as the Acquisition is considered a "reviewable acquisition" in accordance with Policy 5.3 of the TSXV. Completion of the Acquisition is subject to final approval of the TSXV. Concurrently with signing of the Purchase Agreement the Company has also signed financing agreements with RE Royalties Ltd (TSXV:RE) for the provision of a secured loan to part finance the Acquisition.