Welcome to our dedicated page for Nxt Energy news (Ticker: NSFDF), a resource for investors and traders seeking the latest updates and insights on Nxt Energy stock.
NXT Energy Solutions Inc. (NSFDF) is a leader in airborne geophysical survey technology, specializing in proprietary SFD® systems that transform hydrocarbon and geothermal exploration. This page serves as the definitive source for company developments, offering investors and industry professionals timely updates on strategic initiatives and technological breakthroughs.
Access comprehensive coverage of NSFDF's operational milestones, including SFD® survey deployments, partnership announcements, and financial performance. Our curated news feed delivers essential insights into how the company's quantum sensor technology reduces exploration risks while optimizing land assessment strategies across diverse geological regions.
Key updates include advancements in gravitational detection methodologies, global project expansions, and analyses of the SFD® system's role in modern energy exploration. All content is rigorously verified to ensure alignment with regulatory standards and investor information needs.
Bookmark this resource for direct access to NSFDF's latest press releases and expert analyses. Regularly updated content provides stakeholders with the critical data required to monitor this innovator's progress in reshaping subsurface exploration efficiency.
NXT Energy Solutions announced its participation in the Sidoti August Microcap Conference on August 18, 2021, at 11:30 am EDT. CEO George Liszicasz and CFO Eugene Woychyshyn will present virtually, with the presentation available on August 17 on their website.
Investors can register for one-on-one meetings throughout the conference. NXT provides advanced survey technology to enhance exploration efficiency, utilizing its proprietary SFD® survey system to identify potential resources.
NXT Energy Solutions Inc. (NSFDF) will release its Q2 2021 financial results on August 12, 2021, after market close. A conference call to discuss these results is scheduled for August 16, 2021, at 4:30 p.m. ET. The financial results will be filed on SEDAR and available on NXT’s website. NXT utilizes its proprietary SFD® survey system to identify exploration potential, aiding clients in decision-making related to land commitments and prospect prioritization.
NXT Energy Solutions Inc. (NSFDF) announced receiving up to $50,000 from the National Research Council of Canada for developing its SFD® technology focused on geothermal applications. This funding aims to enhance geothermal sensor response analysis, promoting renewable energy initiatives. CEO George Liszicasz emphasized the technology's potential to improve geothermal project success rates while optimizing costs. Currently used in hydrocarbon exploration, the SFD® technology is environmentally friendly and effective in various geological settings.
NXT Energy Solutions Inc. announced the appointment of Mr. Gerry Sheehan to its Board of Directors, effective July 1, 2021. With over 38 years of experience in oil and gas exploration and development across Africa, South Asia, and Europe, Mr. Sheehan aims to leverage his expertise to foster new market opportunities for NXT's SFD® technology. Previous roles include positions at Tullow Oil and founding Blackstairs Energy. NXT's proprietary SFD® survey system employs quantum-scale sensors for efficient exploration, promising cost reductions and improved environmental compliance.
NXT Energy Solutions Inc. (NSFDF) announced the results of its Annual Meeting of Shareholders held on June 7, 2021. Shareholders re-elected all six incumbent directors to serve until the next meeting. Additionally, KPMG LLP was reappointed as the Company's auditors for the upcoming year. Voting results showed strong support for the directors with percentages over 95%. The Company also announced that CEO George Liszicasz and CFO Eugene Woychyshyn will present at the LD Micro Invitational XI Virtual Event on June 8, 2021.
NXT Energy Solutions Inc. (OTC QB:NSFDF) will present at the LD Micro Invitational XI Virtual Event on June 8, 2021, at 1:00 pm PDT / 4:00 pm EDT. CEO George Liszicasz and CFO Eugene Woychyshyn will lead the presentation, which will be accessible on NXT’s website. The event runs from June 8 to 10, 2021. NXT specializes in aerial surveys using its proprietary SFD® technology to identify exploration potential in gravity fields, thereby enhancing clients' decision-making in exploration investments.
NXT Energy Solutions Inc. has been approved for a $1,000,000 HASCAP Loan from the Business Development Bank of Canada. This non-revolving ten-year credit facility has a 4% interest rate and is intended for working capital to support the company’s growth initiatives. The repayment includes interest-only payments for the first year, followed by principal plus interest for nine years. The loan is secured by a general security agreement and comes with a government guarantee, reflecting confidence in NXT's commercial strategies.
NXT Energy Solutions Inc. (NSFDF) reported a net loss of $1.64 million for Q1 2021, compared to a loss of $1.33 million in Q1 2020. The company recorded no survey revenue and had cash and short-term investments of $2.15 million as of March 31, 2021. General and administrative expenses decreased by 10% year-over-year, primarily due to reduced travel and professional fees. NXT has acquired rights to SFD® technology for geothermal resources, signalling its strategic shift to become a multi-application solutions provider for the Oil, Gas, and Geothermal sectors.
NXT Energy Solutions Inc. has filed amended consolidated financial statements for the years ended December 31, 2020, 2019, and 2018. This amendment removes the term 'unaudited' from the statements and corrects clerical errors in two headings. The corrected headings are 'Consolidated Statements of Cash Flows' and 'Consolidated Statements of Shareholders’ Equity.' No other changes were made to the documents. The company provides advanced survey technology to identify exploration potential in a cost-effective and environmentally friendly manner.
NXT Energy Solutions Inc. (NSFDF) will announce its first quarter 2021 financial results on May 11, 2021, after market close. A conference call is scheduled for May 12, 2021, at 4:30 p.m. ET to discuss these results. Participants can join the call by dialing 1-855-783-0506 using Conference ID 9463018. The results will be available on SEDAR and EDGAR, as well as on NXT's official website. NXT specializes in SFD® survey technology to identify exploration potential, offering reduced time, costs, and risks for clients in the energy sector.
