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EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA
EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA Canada NewsWire ...
About this update from Earthworks Industries Inc
[{"type":"text","content":"\n \n \n \n EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 20, 2023\n \n \n /CNW/ - Earthworks Industries Inc. (the \"Company\"), wishes to report that it has done a calculation of the net present value of the development of its integrated waste handling project at the Cortina Rancheria in\n \n Colusa County, California\n \n . The project is being developed by the Company's wholly owned U.S. subsidiary, Cortina Integrated Waste Management Inc. (CIWM).  The calculation is based on a cash flow forecast comprised of all known variables that influence revenue expectations, operating and capital costs, regulatory and construction costs, and the time frames associated with them.  These calculations, which cover a period of 25 years show the value of the project – using 7% and 5% discount rates, to be between $U.S. 158 million and $U.S. 202 million.\n \n \n \n \n \n \n \n \n \n Over the past several months the Company has had Mr.\n \n Robert Gardner\n \n of SCS Engineers (SCS) a Civil Engineer licensed in the U.S., and an expert in this field, with many years of experience, review the financial models for Cortina. Landfill operations are unique, and we were extremely fortunate to have Mr. Gardner's expertise in that area available to us. Mr.\n \n Wayne Pearce\n \n of SCS, a registered Professional Geologist in the U.S., also assisted in the review.  After reviewing the model and an earlier Basis of Design of the Project, dated\n \n July 2022\n \n , SCS...