NewStream Energy Technologies Group Inc (NSGP)

[JamesE_]

ACPIC update: This morning, the Campbell County Board of Commissioners finally approved ACPIC Grant Amendment One, approving the scope changes and extending deadlines for project completion.
Grants usually come with strings attached, and in the case of ACPIC, the $1.5M grant was approved in 2017 with a June 2019 deadline to use those funds; in other words, ACPIC construction had to be completed by June 2019 or the funds would've been lost.

Problems arose when ECED decided to play double or nothing and use the state grant as matching funds for a $1.5M U.S. EDA grant. Obtaining that federal grant was going to push them past their June 2019 deadline, so they requested an extension. Unfortunately, changes in project scope as laid out in the original grant application, land replatting issues, and legal complications related to using an expiring grant as matching funds for another, led to further delays. Thankfully, the legal review is now complete and ACPIC Grant Amendment One was just approved by the Board of Commissioners (watch video @40m), so ECED/UWyo will finally have the funds necessary to move forward with construction.

ECED's press release from July 18th, "Construction on the building is expected to begin in late 2019, and the center should be operational spring of 2020." Hopefully, no more delays because Dr. Horner will be needing his new lab for testing Pristine coal and its byproducts. I'm sure it's purely coincidental that ACPIC's fate and construction timeline seem so closely tied to that of our test plant; same for its location and tenants. What was it CCTC tweeted 2 weeks ago? It's almost like they scheduled the on-site rebuild to begin once ACPIC cleared its final hurdle today.



Gillette News Record: A composite image shows Atlas Carbon, center, and the lots next to it where construction for Clean Coal Technologies' new test plant is underway and development of the Advanced Carbon Products Innovation Center. All are efforts to re-imagining how Powder River Basin coal can be used to make other products.