Latest news with #green technology
Yahoo
2 hours ago
- Business
- Yahoo
Enertopia Announces Proposed Financing
Not for distribution to United States news wire services or for dissemination in the United States Kelowna, British Columbia--(Newsfile Corp. - July 17, 2025) - Enertopia Corporation (CSE: ENRT) (the "Company" or "Enertopia") is an energy company focused on building shareholder value through a combination of our intellectual property, pending patents in the green technology space, along with our Nevada lithium claims, is pleased to announce it intends to complete a non-brokered private placement equity financing of USD $300,000. Enertopia intends to complete a non-brokered private placement financing (the "Offering") of three million shares priced at USD $0.10 each in order to raise gross proceeds of up to USD $300,000. Enertopia intends to use the proceeds of the Offering as follows: Accelerating the development opportunities of the Company's portfolio of patent and patent pending technologies, other corporate opportunities and for general corporate and working capital purposes. The actual allocation of the proceeds may vary from the uses set forth above, depending on future operations or unforeseen events or opportunities. If the Offering is not fully subscribed, the Company may apply the proceeds of the Offering in such priority and proportions as the board of directors of the Company determines to be in the best interests of Company. The Offering may be completed pursuant to BC Instrument 45-534 – Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders (BCI 45-534") and the corresponding blanket orders and rules implementing BCI 45-534 in the participating jurisdictions in respect thereof (the "Existing Security Holder Exemption"); and BC Instrument 45-536 – Exemption from Prospectus Requirements for Certain Distributions through an Investment Dealer ("BCI 45-536") and the corresponding blanket orders and rules implementing BCI 45-536 in the participating jurisdictions in respect thereof ("Investment Dealer Exemption"). In addition to conducting the Offering pursuant to the Existing Security Holder Exemption and Investment Dealer Exemption, the Company will also accept subscriptions for units where other prospectus exemptions are available. As at the date hereof, the Existing Security Holder Exemption is available in each of the provinces of Canada, with the exception of Newfoundland and Labrador and the Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Subject to applicable securities laws, the Company will permit each person or company who, as of April 4, 2025 (being the record date set by the Company pursuant to BCI 45-534) (the "Record Date"), who holds common shares of the Company as of that date (a "Current Shareholder") to subscribe under the Offering, provided that the Existing Security Holder Exemption is available to such person or company. Pursuant to BCI 45-534, each subscriber relying on the Existing Security Holder Exemption may subscribe for such number of equity units that results in an acquisition cost of less than or equal to CDN$15,000 for such subscribers, unless a subscriber is resident in a jurisdiction of Canada and has obtained advice regarding the suitability of the investment from a registered investment dealer (in which case such maximum subscription amount will not apply). Pursuant to BCI 45-536, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. Subscriptions pursuant to the Existing Security Holder Exemption are being allocated to subscribers on a "first come, first served" basis wherein the subscribers who are first to submit a completed subscription agreement and payment of the corresponding subscription proceeds will be accepted up until the maximum amount of the Existing Security Holder Exemption portion of the Offering is reached. The Company may pay broker commissions or finder's fees of up to 8 percent in cash in connection with the Offering, subject to regulatory approval. The Offering may be closed in one or more tranches as subscriptions are received. The securities issued will be subject to a hold period in Canada of four months and one day, or for any resales into the United States under Rule 144, six months and one day. The Offering is subject to customary regulatory approvals. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. About Enertopia Corp. defines itself as an Energy Solutions Company focused on modern technology through a combination of our intellectual property patents in green technologies to build shareholder value. For further information, please contact: Enertopia CorporationRobert McAllister, CEOTel: Renmark Financial Communications Conable: pconable@ Tel: (416) 644-2020 or (212) This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its, mining projects, 3rd party lithium technology, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements; foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. There can be no assurance that the current patented or patent pending technology being used or developed will be economic or have any positive impact on Enertopia. There can be no assurance that the financing will close and if closed will have any positive impact on Enertopia. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. Neither the OTC Markets and the CSE Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined, in the policies of the CSE Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
World Youth Skills Day 2025: Shanghai Electric Champions AI and Digital Skills with Global Innovation Tournament
Inspiring young talents to pioneer innovations in green technology, advanced manufacturing, and digital intelligence SHANGHAI, July 16, 2025 /CNW/ -- Shanghai Electric (SEHK: 2727, SSE: 601727) recently officially launched the 2025 Digital Intelligence Technology Tournament (the "Tournament") to empower the long-term development of young talent fostered by embracing and leveraging AI and digital technologies. These concrete actions are in alignment with the theme of the 2025 World Youth Skills Day, celebrating the vital role of young people as catalysts for change with AI and digital skills adopted. Aiming to inspire young professionals to push the boundaries of AI and digital innovation while driving the industry's digital and intelligent transformation, the Tournament—open to all Shanghai Electric employees worldwide since June 27— encourages the submission of digital tools and research papers. These contributions focus on optimizing and advancing existing technologies, fostering industry-wide digital and intelligent transformation, and promoting the growth of digital intelligence. Shanghai Electric is committed to long-term employee development and talent empowerment. As an indication of this dedication, the company has implemented comprehensive training programs for all staff, spanning management, technical, professional, and skilled roles. In 2024, Shanghai Electric invested a total of 107.84 million yuan (USD 15.03 million) in staff training, covering 98.61 percent of employees, with an average of 3.4 training days per person. The company has clearly defined competency requirements for each job level and role, including abilities, qualities, knowledge, and skills, aligning with targeted training courses offered through initiatives, such as the "AIK" curriculum and the "E-Academy" online platform. In 2024, Shanghai Electric was officially recognized as a "Shanghai Training Base for Young and Middle-Aged Engineers." It also won the title of the "2024 Most Popular Employer Among Chinese University Students" by 51Job and received the "2024 Annual HR Pioneering Practice Award" from GHR. In addition, developing high-value patents is essential for establishing a globally recognized center for science and technology innovation. In 2024, Shanghai Electric organized seminars focused on high-value patents, providing participants with a deeper understanding and promoting the development of high-quality intellectual property at the company. By the end of 2024, Shanghai Electric held 6,823 valid patents, including a cumulative total of 3,276 patents for invention. The continuous talent development ecosystem built by Shanghai Electric is spearheading the deep dive into digital intelligence and accelerating transformation across the industry. Shanghai Electric harnesses digital technologies to enhance the performance of energy equipment and reduce operating costs. By integrating IoT and AI, the company proactively predicts and addresses potential issues in wind power equipment, significantly boosting maintenance efficiency and ensuring more reliable operations. Additionally, digital intelligence streamlines production and management processes through the seamless integration of AI, IoT, and blockchain technologies across R&D, production, and management, further advancing smart manufacturing upgrades. To learn more about Shanghai Electric's initiatives in talent development, please visit View original content to download multimedia: SOURCE Shanghai Electric View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malay Mail
2 days ago
- Business
- Malay Mail
How tariffs and taxes could derail Malaysia's climate ambitions — Mogesh Sababathy
JULY 16 — At a time when Malaysia must accelerate its climate transition, can we afford foreign and domestic policy shocks that destabilize our climate finance and green technology agenda? The recent announcement by the US President Donald Trump to impose a sweeping 25 per cent tariff on 'any and all Malaysian products' starting August 1, 2025, has jolted Malaysia's economy and potentially, its entire energy transition trajectory. This move, posted not only threatens our US$80 billion annual trade relationship with the US, but risks undercutting the financial and industrial scaffolding needed to meet our net-zero ambitions by 2050. For a country that has pledged a 45 per cent reduction in carbon intensity by 2030, this is not just an economic setback but also a stress test of our climate governance, resilience, and readiness. The potential impact is immense. Sectors like electrical and electronics (E&E) which comprise nearly 40 per cent of our exports stand particularly exposed. With the Green Technology Master Plan relying heavily on E&E to drive decarbonised manufacturing, this development places our climate-linked industrial strategy in jeopardy. At the same time, Malaysia's expanded Sales and Service Tax (SST) which came into effect July 1, 2025 adds pressure from within. Over 4,800 previously exempt items, including industrial equipment and low-emission machinery, are now taxed at 8 per cent, up from the previous 6 per cent. While the SST expansion is projected to yield RM3 billion in additional revenue, its timing couldn't be worse. The Federation of Malaysian Manufacturers (FMM) warns that these cascading tax burdens will inflate costs, shrink margins, and deter future investment especially in capital-intensive green infrastructure. The National Energy Transition Roadmap (NETR), launched in 2023, sets ambitious targets: increasing renewable energy in the national mix to 70 per cent by 2050, developing CCUS (Carbon Capture, Utilisation & Storage), and attracting RM435 billion in investment. But these goals rely on a strong private sector, foreign direct investment, and investor confidence. Reduced export earnings due to tariffs, paired with higher domestic operating costs from the SST, could stall clean energy adoption, battery storage scaling, and smart grid investments. Small and medium green-tech enterprises already navigating tight financing margins may pivot to survival mode, postponing R&D or abandoning green upgrades entirely. This fiscal constriction directly threatens the creation of 23,000 green jobs forecasted under NETR, and it risks reducing Malaysia's contribution to global clean energy supply chains at a time when demand is rising. On the other hand, Malaysia's Voluntary Carbon Market (VCM), launched via the Bursa Carbon Exchange (BCX) in late 2022, was one of Southeast Asia's most promising climate finance innovations. With a projected market value of US$237 million by 2030, it was expected to fund reforestation, conservation, and industrial decarbonisation projects. However, the VCM and the upcoming carbon tax and Emissions Trading Scheme (ETS) under the National Climate Change Bill (Ruupin) are all sensitive to macroeconomic conditions. Historically, economic downturns or trade disruptions often lead governments to delay carbon pricing reforms in the name of economic recovery. Malaysia is no exception. Unless insulated, our carbon governance mechanisms may stall or regress under fiscal and political pressure just when they're needed to drive long-term decarbonisation and attract green capital. Climate change disproportionately affects the poorest and most vulnerable communities in Malaysia from coastal erosion in Sabah to urban flooding in KL. But so too will economic instability. Tariff-related export losses could result in job cuts in key industrial areas, while SST inflation will raise living costs. When people are forced to choose between short-term survival and long-term sustainability, the environment always loses. Without targeted support, our vision of a 'just transition' risks becoming rhetorical. The Ruupin framework, which emphasizes equity and protection for vulnerable populations, must be backed by resilient fiscal policy and progressive social safety nets not sacrificed in budget cuts driven by external shocks. Unless insulated, our carbon governance mechanisms may stall or regress under fiscal and political pressure just when they're needed to drive long-term decarbonisation and attract green capital. — Picture by Ahmad Zamzahuri In this regard, what can Malaysia do? Firstly, Malaysia must demand clarity on the tariff scope and seek exclusions for clean technology, solar components, and environmental goods, aligning with WTO environmental exceptions. Next, allocate funds from the new SST intake to fund VCM capacity-building, CCUS pilots, and green job retraining programs. SST exemptions or rebates for low-emission equipment, energy-efficient machinery, and carbon audit services must also be provided to incentivise clean industrial investments. Also, as the Chair of Asean this year, we also have an upper hand in using this moment to lead within Asean, pushing for regional carbon border adjustments and green mutual recognition agreements that support decarbonised exports. Lastly, fast-track funding for climate policy education, especially in carbon markets, climate law, and environmental economics, to prepare the next generation of climate experts. In conclusion, economic shocks will come and go. But the climate crisis is permanent and intensifying. As floods grow more frequent, air pollution worsens, and biodiversity collapses, the cost of inaction grows steeper each year. Trade policy and tax policy must serve, not sabotage our climate goals. Malaysia must not retreat from climate ambition in the face of tariffs or taxes. We must instead use these shocks to recalibrate our economic tools, reaffirm our global leadership in climate governance, and build a greener, more resilient Malaysia that doesn't trade short-term relief for long-term collapse. * Mogesh Sababathy is a National Consultative Panel Member to the Ministry of Natural Resources and Environmental Sustainability of Malaysia and a PhD Candidate at Universiti Putra Malaysia (UPM). ** This is the personal opinion of the writer or publication and does not necessarily represent the views of Malay Mail.
