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NXT Energy Solutions Announces R&D Funding for Its SFD®
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NXT Energy Solutions Inc Announces That Energy Exploration Veteran Gerry Sheehan Joins the Board of Directors
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NXT Energy Solutions Announces First Quarter 2021 Results NXT Energy Solutions Inc. Calgary, Alberta, CANADA
CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) NXT Energy Solutions Inc. ( NXT or the Company ) (TSX: SFD; OTC QB: NSFDF) today announced the Company s financial and operating results for the quarter ended March 31, 2021. All dollar amounts herein are in Canadian Dollars unless otherwise identified.
Q1 Financial and Operating Highlights
Key financial and operational highlights include:
On April 18, 2021, the Company acquired the SFD® technology rights for geothermal resources (“Geothermal Resources”) from Mr. George Liszicasz, President and CEO of NXT;
Cash and short-term investments at March 31, 2021 were $2.15 million;
There was $Nil survey revenue recorded in Q1-21;
NXT Energy Solutions Announces Acquisition of Geothermal Rights NXT Energy Solutions Inc. Calgary, Alberta, CANADA
CALGARY, Alberta, April 19, 2021 (GLOBE NEWSWIRE) NXT Energy Solutions Inc. (“NXT” or the Company ) (TSX:SFD; OTC QB:NSFDF) is pleased to announce that it has acquired the SFD
® technology rights for geothermal resources (“Geothermal Resources”) from Mr. George Liszicasz, President and CEO of NXT, and who is the inventor of the SFD
® technology. This agreement was negotiated between Mr. Liszicasz and the independent members of NXT’s Board of Directors (“NXT Board”).
Geothermal applications include naturally occurring sub-surface fluid reservoirs or rock conditions from which heat can be extracted and utilized for generating electric power, or for direct utilization in industrial, agricultural or domestic applications. The main subsurface properties such as porosity, permeability and impermeable cap rock that are vital i
NXT Energy Solutions Announces Acquisition of Geothermal Rights
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