Abraxas Power Corp. and its subsidiary, Exploits Valley Renewable Energy Corporation (EVREC), have received a positive response from the Department of Environment and Climate Change in Newfoundland and Labrador regarding the Environmental Assessment Registration for their Green Energy Hub project in Botwood, NL. The department has recommended the submission of an Environmental Impact Statement (EIS) for the project, highlighting the commitment to detailed information and transparency. EVREC's Power-to-X project plans to incorporate onshore wind capacity to produce green hydrogen and green ammonia, focusing on sustainable energy solutions and economic growth. The project's ambitious goals include generating significant amounts of green hydrogen and green ammonia annually while boosting provincial GDP by billions of dollars and supporting thousands of jobs. Through strategic partnerships and a substantial capital investment, EVREC aims to contribute to the energy transition and create value for stakeholders and communities in the region.