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Greenbriar Announces Dividend Policy and Expanded Real Estate Project Pipeline


Scottsdale, Arizona – Newsfile Corp. – February 16, 2024 – Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC PINK: GEBRF) (“Greenbriar” or the “Company”) is pleased to announce that our new Greenbriar Director Chris Harvey, has recommended for executive approval, which is granted, a cash dividend policy whereby 35% of the annual free cash flow (FCF) derived from any of the company’s projects, specifically at this time Sage Ranch and Montalva, will be distributed to all shareholders via a future annual cash dividend that is in compliance with all standard and customary regulatory policies in both Canada and the United States. Further, starting prices at our Cardero Ranch project will be approximately USD $200,000 for a 650 square foot starters unit and the corporate terms for the entire project begins at a carried interest of 20% of the FCF net of third source funding. The project is outlined for 3,500 units of mixed use.

In addition, the company is actively engaged to acquire a sizeable entry-level housing project in both Southern Arizona and Hawaii. Details on the projects to follow.

For new readers of Greenbriar, Chris Harvey was previously CEO of JP Morgan Securities. (part of JP Morgan Chase NYSE: JPM USD $4 Trillion AUM).

Chris began his career at JP Morgan 39 years ago, and helped build out the firm’s overall investment banking capabilities. His roles included client banker, head of foreign exchange options, emerging markets derivatives, and then built an advisory and solutions team focused on corporate finance valuation, as well as tax and accounting efficiency. He was also responsible for reputational risk for the firm’s investment bank in the Americas.

After spending several years as the Chief Country Officer for Japan, Chris then ran the Wealth Management business for all of Latin America, with his final position as the CEO of JP Morgan Securities for four years.

Chris is from Columbus, Ohio and holds a degree in Economics from Harvard College.

Greenbriar is named as one of the top performers on the TSXV Venture Exchange. The 2023 TSX Venture 50 celebrates the strongest performances on the TSX Venture Exchange (the “TSXV” or “the Exchange”) over the last year. Comprised of 10 companies from each of five industry sectors, the ranking recognizes the strongest performance on the Exchange based on market capitalization growth, share price appreciation and trading volume.

We are extremely proud to have earned a 2023 TSX Venture Top 50 ranking, selected from 1,713 TSXV public companies. Since inception, Greenbriar has demonstrated its ability to successfully make and develop accretive acquisitions resulting in year-over-year asset growth.

About Greenbriar Capital Corp:
Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued sustainable assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Ph: 949-903-5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws and United States securities laws (together, “forward-looking statements”). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the Debenture and the use of gross proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget”, “propose” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A (a copy of which is available under the Company’s SEDAR profile at www.sedar.com). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

Hashtag: #Greenbriar

The issuer is solely responsible for the content of this announcement.

VinFast Partners with Five Dealers in Indonesia


JAKARTA, INDONESIA – Media OutReach Newswire – 16 February 2024 – At the Indonesia International Motor Show (IIMS) 2024, VinFast Auto officially signed the Letter of Intent with five dealers in Indonesia. The signing marks an important step in expanding VinFast’s distribution network in the Indonesian market and strengthening its brand recognition and competitiveness globally.

VinFast Partners with Five Dealers in Indonesia

The first VinFast dealers in Indonesia include BAM, GCC, and GSU, with headquarters in Jakarta; MCA, based in Medan; and Majesty, headquartered in Batam. These agreements will help VinFast quickly establish its brand presence and link to local customers.

Indonesian dealers are expected to start selling the VF 5, VF e34, VF 6, and VF 7 models later this year following their official launches in the market. Pricing and sales details, including order times and after-sales policies, will be officially announced in the first half of 2024.

Mr. Tran Quoc Huy, VinFast Indonesia CEO, said: “VinFast is delighted to partner with leading automotive dealers in Indonesia to bring local customers modern, exciting, and eco-friendly mobility solutions. We believe these agreements pave the way for a strong development foundation for VinFast and its partners, while also unlocking boundless opportunities for the local and regional sustainable transportation industry.”

Mr. Hartono Kurniawan, Director of BAM said: “We are thrilled to partner with VinFast, a brand renowned for its green vision and strong foundation in the electric vehicle industry. This strategic cooperation will bring high-quality, competitively priced vehicles with youthful design and outstanding after-sales support to the Indonesian market, promoting the development of the domestic electric vehicle industry.”

VinFast aims to expand its electric vehicle distribution network this year to cover all major cities in Indonesia. This move demonstrates VinFast’s determination to quickly become the preferred electric vehicle brand for Indonesian consumers, as well as illustrates its global vision, including the goal of promoting the zero-emission transportation revolution for a green future for everyone.

Hashtag: #VinFast

The issuer is solely responsible for the content of this announcement.

About VinFast

VinFast – a member of Vingroup – envisions driving the advancement of the global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90 percent automation in Hai Phong, Vietnam.

Strongly committed to the mission of a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: .

Savannakhet Takes Initiative in Weather Monitoring With Advanced Equipment

Meteorological equipment (Photo: Savanhphathana News)

Savannakhet Province is set to become the first province in Laos to revolutionize its weather monitoring capabilities with the installation of state-of-the-art Light-Emitting Diode (LED) screens and advanced meteorological equipment.

Lao Government Green Lights 1200 MW Wind Power Project, Largest to Date

Dr. Sthabandith Insisiengmay, Deputy Minister of Planning and Investment for the Lao government (right), and Mr. Sengsack Sayarath, Managing Director of SVARE (left).

In a major boost for renewable energy in Southeast Asia, the Lao government signed a Project Development Agreement (PDA) with Savan Vayu Renewable Energy Co., Ltd. (SVARE) in Vientiane Capital on 14 February.

Laos Vows to Graduate from Least Developed Country by 2026

Laos Vows to Graduate from Least Developed Country by 2026
FILE: this image is used only for representational purpose (photo: Flickr)

The Lao government has pledged to complete its Sustainable Development Goals (SDG) and carry the nation out of the Least Developed Country (LDC) status by 2026, with efforts focusing on human resources development, economic regulation, and poverty reduction.

Laos, Japan Join Forces to Boost Coffee Production

Japan and UN World Food Programme Join Forces to Boost Coffee Production in Laos
Ambassador Kenichi Kobayashi (left) and Mrs Siriphone Souphanthong (right) examine seedlings during a visit to Phonxay district, Luang Prabang province. (Photo: WFP Laos)

The Japanese government joined various partners to launch a project aimed at empowering coffee farmers in two districts of Luang Prabang Province on 15 February. This initiative will bolster farmer’s production and marketing efforts while promoting access to and understanding of essential nutrition.

High Air Pollution Levels in Thai Capital Spark Order for City Employees to Work From Home

High Air Pollution Levels in Thai Capital Spark Order for City Employees to Work From Home
A thick layer of smog covers central in Bangkok, Thailand, 15 February. (Photo: AP/Sakchai Lalit)

BANGKOK (AP) — City employees in Thailand’s capital, Bangkok, were ordered on 15 February to work from home for two days, and those in the private sector were encouraged to do so as well, as air pollution soared to unhealthy levels.

First Phosphate and Integrals Power sign Joint Development Agreement to Produce Environmentally Compliant Battery Grade Iron III Phosphate Precursor for the LFP Battery Industry

Saguenay, Quebec – Newsfile Corp. – February 15, 2024 – First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) (“First Phosphate”) is pleased to announce that it has signed a Joint Development Agreement (“JDA”) with Integrals Power Limited (“IPL”) of Milton Keynes, United Kingdom to produce battery grade iron III phosphate precursor to supply the lithium iron phosphate (“LFP”) battery industry outside of China.

Business Case

  • Iron phosphate is a manufactured substance used as a base precursor in the traditional production of LFP cathode active material (“CAM”) in China.
  • To initiate production of LFP batteries outside of China in the most cost-effective format using the traditional LFP synthesis method, a locally produced source of iron phosphate precursor is required, one which meets US Inflation Reduction Act local production requirements.
  • Iron phosphate is generally produced in China using iron sulfate and mono ammonium phosphate.
  • Iron sulfate is not always readily available in quantity as a source of iron outside of China.
  • Moreover, the waste streams produced from the production of iron phosphate using iron sulfate and mono ammonium phosphate are not easily manageable within European/North American environmental compliance frameworks.
  • A new process for making iron phosphate precursor is required for the European and North American LFP battery industry, one which is compliant with applicable environmental standards.
  • A process for making iron phosphate in North America must to be cost sensitive in order to compete with iron phosphate producers in China as the latter are able to arbitrage labour and environmental standards between Europe/North America and China.

Business Agreement

  • The parties agree to undertake an initial phase of joint development of the technology needed to produce the iron phosphate precursor for LFP CAM.
  • If successful, the joint development is expected to result in a scalable, low cost, environmentally compliant technology for the production of battery grade iron III phosphate (FePO4); one which could be combined with lithium carbonate or lithium hydroxide to produce LFP CAM.
  • If successful, the parties agree to work collaboratively to bring this process into immediate large scale production.
  • Where possible, First Phosphate will provide the raw materials to make the iron III phosphate based on its phosphate concentrate (source of PPA) and its magnetite (source of iron).
  • The intellectual property developed to produce the iron III phosphate will be co-owned by First Phosphate and IPL.
  • The effort required to develop the initial phase technology is estimated to take up to 9 months to creation of a full pilot line. Contemporaneously, large-scale expansion plans for the technology will be developed by the parties.
  • Research and development of this initiative will be carried out by IPL. To support the development, First Phosphate will pay USD $250,000 to IPL. The balance of the initial stage development costs will be funded by IPL.
  • First Phosphate has been granted a share purchase option to acquire 2.7% of the shares in the capital of IPL at a cost of £500,000 exercisable until March 1, 2026. First Phosphate agrees to pay a penalty of £25,000 if more than 75% of the option expires unexercised. First Phosphate currently owns 7,386 shares of IPL representing 0.6% of the company.

About First Phosphate Corp.

First Phosphate is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the LFP battery industry. First Phosphate is committed to producing at high purity level, in responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate holds over 1,500 sq. km of royalty-free district-scale land claims in the Saguenay-Lac-St-Jean Region of Quebec, Canada that it is actively developing. First Phosphate properties consist of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements.

About Integrals Power Limited

IPL is a next-generation battery nano-material company committed to accelerated research, development and commercialisation of lithium-ion battery. The team of entrepreneurs, scientists and engineers have conducted comprehensive market verification and validation to form their strategy for the development of commercially feasible battery materials. This broad market research empowered the accelerated development and production of IPL proprietary high-performance, cost effective and scalable battery cathode materials for LFP/LFMP batteries. IPL’s latest battery material development results empower economical cells with higher performance compared to the conventional alternatives.

For additional information, please contact:

Bennett Kurtz, CFO
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

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Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things, the Company’s planned exploration and production activities, the properties and composition of any extracted phosphate, the Company’s plans for vertical integration into North American supply chains, successful commercial relations between First Phosphate and IPL, IPL’s successful development of the technology, as described including its relative cost, and the developed product’s compliance with European and North American environmental standards and compliance frameworks, and the US Inflation Reduction Act, the ability of the parties to successfully scale the technology, and the availability of funding for future phases of development and production.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, including, without limitation, expectations of the Company’s long term business outcomes given its short operating history; expectations regarding revenue, expenses and operations; the Company having sufficient working capital and ability to secure additional funding necessary for the exploration of the Company’s property interests; expectations regarding the potential mineralization, geological merit and economic feasibility of the Company’s projects; expectations regarding drill programs and the potential impacts successful drill programs could have on the life of the mine and the Company; mineral exploration and exploration program cost estimates; expectations regarding any environmental issues that may affect planned or future exploration programs and the potential impact of complying with existing and proposed environmental laws and regulations; receipt and timing of exploration and exploitation permits and other third-party approvals; government regulation of mineral exploration and development operations; expectations regarding any social or local community issues that may affect planned or future exploration and development programs; expectations surrounding global economic trends and technological advancements; and key personnel continuing their employment with the Company.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include: limited operating history; high risk of business failure; no profits or significant revenues; limited resources; negative cash flow from operations and dependence on third-party financing; the uncertainty of additional funding; no dividends; risks related to possible fluctuations in revenues and results; insurance and uninsured risks; litigation; reliance on management and key personnel; conflicts of interest; access to supplies and materials; dangers of mineral exploration and related liability and damages; risks relating to health and safety; government regulation and legal uncertainties; the company’s exploration and development properties may not be successful and are highly speculative in nature; dependence on outside parties; title to some of the Company’s mineral properties may be challenged or defective; Aboriginal title and land claims; obtaining and renewing licenses and permits; environmental and other regulatory risks may adversely affect the company; risks relating to climate change; risks related to infrastructure; land reclamation requirements may be burdensome; current global financial conditions; fluctuation in commodity prices; dilution; future sales by existing shareholders could cause the Company’s share price to fall; fluctuation and volatility in stock exchange prices; and risks related to market demands. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant.

These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian securities authorities, including without limitation the “Risk Factors” section of the Company’s Annual Information Form dated November 29, 2023 which is available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The issuer is solely responsible for the content of this announcement.