General Moly, Inc. (AMEX:GMO) announced that Nelson Chen, Chief Operating Officer of Hanlong Mining Pty Ltd., will replace Steven Xiao, Managing Director of Hanlong Mining Investment Pty Ltd., as Hanlong (USA) Mining Investment’s designee to the General Moly Board of Directors, pursuant to the Hanlong transaction announced in March 2010. Mr. Chen will serve on the Technical committee.
General Moly, Inc. engages in the exploration, development, and mining of mining properties, primarily molybdenum in the United States. The company primarily explores for gold, silver, molybdenum, and zinc.
Cleantech Transit, Inc. (CLNO)
Biomass energy resources are plentiful. Anything that will decompose and/or burn can be used as biomass energy. Therefore, biomass resources are very abundant. Grass clippings, animal waste, corn stalks, acorns, tree limbs, meal scraps can all be used for biomass energy. Biomass absorbs CO2 If it is produced on a renewable basis using biomass energy does not result in a net carbon dioxide increase as plants absorb it when they grow. Through the process of photosynthesis, carbon dioxide is absorbed into the plants. When burned, CO2 is emitted but at least it is balanced out. Fossil fuels only add CO2 into the atmosphere.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Uranium Energy Corp (AMEX:UEC) and Concentric Energy Corp. (”Concentric”) are pleased to announce the completion of the stock-for-stock merger (the “Merger”) effected under the laws of Nevada on September 9, 2011.
Uranium Energy Corp., a natural resource exploration company, engages in the exploration and development of mineral properties in the United States. It primarily explores for uranium.
Aerosonic Corp. (AMEX:AIM) announced that today it filed its Quarterly Report on Form 10-Q for the three and six-months ended July 29, 2011Net sales for the second quarter of fiscal year 2012 decreased $392,000, or 5.8%, to $6,421,000 when compared to $6,813,000 for the second quarter of fiscal year 2011.
Aerosonic Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of aircraft instruments worldwide. It offers mechanical and digital altimeters, airspeed indicators, rate of climb indicators, microprocessor controlled air data test sets, and other flight instruments.
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