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interview_20241205 [2025/02/19 13:07] – robertpeacock22interview_20241205 [2025/02/19 13:07] (current) – robertpeacock22
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 Note: the recording of the interview started late and missed the first minute or so of the interview. Note: the recording of the interview started late and missed the first minute or so of the interview.
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 **Ian Peres** **Ian Peres**
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  (I'm) actually quite a strong advocate of the green movement and green initiatives.  (I'm) actually quite a strong advocate of the green movement and green initiatives.
  
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 **Rodney Ireland** **Rodney Ireland**
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  Okay, well let's, let's take it back a step. I don't know very much about John Abbott College.  Okay, well let's, let's take it back a step. I don't know very much about John Abbott College.
  
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 **Ian Peres** **Ian Peres**
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  So I grew up in Montréal. John Abbott College is sort of the two years that you spend as an  intern before you go to university, unlike Ontario.  So I grew up in Montréal. John Abbott College is sort of the two years that you spend as an  intern before you go to university, unlike Ontario.
  
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 **Rodney Ireland** **Rodney Ireland**
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  And it sounds like right out of school you went right into the deep end with one of the Big Five?  And it sounds like right out of school you went right into the deep end with one of the Big Five?
  
 **Ian Peres** **Ian Peres**
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  Yeah, I was recruited by Deloitte.  Yeah, I was recruited by Deloitte.
  
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 **Rodney Ireland** **Rodney Ireland**
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  And then right around this time, uh, you probably got a little bit of the investing bug.  And then right around this time, uh, you probably got a little bit of the investing bug.
  
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 **Ian Peres** **Ian Peres**
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  Ironically, the first one of consequence was actually Bre-X.  Ironically, the first one of consequence was actually Bre-X.
  
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 **Rodney Ireland** **Rodney Ireland**
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  Certainly quite a way to be introduced to the capital markets through Bre-X. There's a lot of good war stories about that one.  Certainly quite a way to be introduced to the capital markets through Bre-X. There's a lot of good war stories about that one.
  
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 **Ian Peres** **Ian Peres**
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  Sure. So at the time, I was actually working for a merchant bank here in Toronto.  Sure. So at the time, I was actually working for a merchant bank here in Toronto.
  
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 **Rodney Ireland** **Rodney Ireland**
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  Yeah, very good.  Yeah, very good.
  
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 **Ian Peres** **Ian Peres**
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  I think it's actually very well-run. Obviously, I haven't been involved for some time.  I think it's actually very well-run. Obviously, I haven't been involved for some time.
  
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 **Rodney Ireland** **Rodney Ireland**
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  So what's the current state of EVSX?  So what's the current state of EVSX?
  
 **Ian Peres** **Ian Peres**
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  So EVSX has three very highly automated processing lines. So what does that mean for your listeners?  So EVSX has three very highly automated processing lines. So what does that mean for your listeners?
  
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 **Rodney Ireland** **Rodney Ireland**
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  OK, so from a supply chain standpoint, it sounds like you've got some redundancy there that isn't– that you should be able to continuously operate with the second line  OK, so from a supply chain standpoint, it sounds like you've got some redundancy there that isn't– that you should be able to continuously operate with the second line
  
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 **Ian Peres** **Ian Peres**
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  So what we actually did in terms of the design is we wanted to make sure that the manufacturing was to Western specs.  So what we actually did in terms of the design is we wanted to make sure that the manufacturing was to Western specs.
  
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 **Rodney Ireland** **Rodney Ireland**
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  So these are fairly standard trades that– you don't need super specialized trades to keep this thing operational?  So these are fairly standard trades that– you don't need super specialized trades to keep this thing operational?
  
 **Ian Peres** **Ian Peres**
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  100 percent. Yeah, very straightforward.  100 percent. Yeah, very straightforward.
  
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 **Rodney Ireland** **Rodney Ireland**
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  And battery supply– I mean, certainly in Ontario, waste management is highly political.  And battery supply– I mean, certainly in Ontario, waste management is highly political.
  
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 **Ian Peres** **Ian Peres**
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  That's actually a great question.  That's actually a great question.
  
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 **Rodney Ireland** **Rodney Ireland**
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  And with the end value of the product, the question becomes then, can you, can you pay for that supply?  And with the end value of the product, the question becomes then, can you, can you pay for that supply?
  
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 **Ian Peres** **Ian Peres**
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  Yeah. So the way it's structured is, the economics are that there is no cost to EVSX for the batteries coming into our facility.  Yeah. So the way it's structured is, the economics are that there is no cost to EVSX for the batteries coming into our facility.
  
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 **Rodney Ireland** **Rodney Ireland**
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  Not sure how granular you want to get on this, but would more of the revenues be on the tipping fees or more on the on the sale of the end product?  Not sure how granular you want to get on this, but would more of the revenues be on the tipping fees or more on the on the sale of the end product?
  
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 **Ian Peres** **Ian Peres**
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  Sure. So the tipping fees right now is the primarily motivated, the primary motivation to sort of, you know, get into this business, as it were.  Sure. So the tipping fees right now is the primarily motivated, the primary motivation to sort of, you know, get into this business, as it were.
  
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 **Rodney Ireland** **Rodney Ireland**
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  So how many people are required to run the line?  So how many people are required to run the line?
  
 **Ian Peres** **Ian Peres**
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  In the range of five. So, you know, five individuals.  In the range of five. So, you know, five individuals.
  
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 **Rodney Ireland** **Rodney Ireland**
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  So that five, you sort of have one master electrician and then maybe two electricians and two labourers sort of thing.  So that five, you sort of have one master electrician and then maybe two electricians and two labourers sort of thing.
  
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 **Ian Peres** **Ian Peres**
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  Yes.  Yes.
  
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 **Rodney Ireland** **Rodney Ireland**
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  And would there be some remote monitoring as well?  And would there be some remote monitoring as well?
  
 **Ian Peres** **Ian Peres**
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  Yeah, that's a great question.  Yeah, that's a great question.
  
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 **Rodney Ireland** **Rodney Ireland**
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  So Canada is a large country.  So Canada is a large country.
  
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 **Ian Peres** **Ian Peres**
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  It's a great question.  It's a great question.
  
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 **Rodney Ireland** **Rodney Ireland**
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  Do you think tariff implementation is going to or potential tariff implementation could it could help or hinder the site?  Do you think tariff implementation is going to or potential tariff implementation could it could help or hinder the site?
  
 **Ian Peres** **Ian Peres**
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  So our supplier right now, Call2Recycle, is actually Call2Recycle US and Call2Recycle Canada. They operate independently.  So our supplier right now, Call2Recycle, is actually Call2Recycle US and Call2Recycle Canada. They operate independently.
  
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 **Rodney Ireland** **Rodney Ireland**
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  And with waste management being such a politicized thing, I think that probably that's the more direct answer to the question is that the supply is already driven by politics.  And with waste management being such a politicized thing, I think that probably that's the more direct answer to the question is that the supply is already driven by politics.
  
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 **Ian Peres** **Ian Peres**
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  A hundred percent. Yes.  A hundred percent. Yes.
  
 **Rodney Ireland** **Rodney Ireland**
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  And if I can get a comment in on tariffs, I don't think they're in the Koch Brothers' interest.  And if I can get a comment in on tariffs, I don't think they're in the Koch Brothers' interest.
  
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 **Ian Peres** **Ian Peres**
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  Exactly. Yeah, I share I share your sentiment.  Exactly. Yeah, I share I share your sentiment.
  
 **Rodney Ireland** **Rodney Ireland**
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  That's the way that I see that.  That's the way that I see that.
  
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 **Ian Peres** **Ian Peres**
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  I think it's premature to make a comment on that.  I think it's premature to make a comment on that.
  
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 **Rodney Ireland** **Rodney Ireland**
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  Yes. So maybe back to the timeline is somewhat of a dreaded question.  Yes. So maybe back to the timeline is somewhat of a dreaded question.
  
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 **Ian Peres** **Ian Peres**
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  I'm not comfortable giving specific timelines, but I will give some overall direction in terms of what we're trying to achieve here.  I'm not comfortable giving specific timelines, but I will give some overall direction in terms of what we're trying to achieve here.
  
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 **Rodney Ireland** **Rodney Ireland**
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  OK, yes. That's always a delicate question.  OK, yes. That's always a delicate question.
  
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 **Ian Peres** **Ian Peres**
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  Indeed.  Indeed.
  
 **Rodney Ireland** **Rodney Ireland**
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  And where are you based out of? Are you close by to the plant? How often are you are you there?  And where are you based out of? Are you close by to the plant? How often are you are you there?
  
 **Ian Peres** **Ian Peres**
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  Good question. I'm actually based in Toronto. So roughly about an hour and a half from site.  Good question. I'm actually based in Toronto. So roughly about an hour and a half from site.
  
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 **Rodney Ireland** **Rodney Ireland**
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  And also, that leaves you in close proximity to the finance people in Toronto.  And also, that leaves you in close proximity to the finance people in Toronto.
  
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 **Ian Peres** **Ian Peres**
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  100 percent. You know, I see my role as more sort of bringing in the money, helping with execution, helping me to timelines and expanding volumes and advancing this initiative.  100 percent. You know, I see my role as more sort of bringing in the money, helping with execution, helping me to timelines and expanding volumes and advancing this initiative.
  
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 **Rodney Ireland** **Rodney Ireland**
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  Can we talk about your track record of raising capital, which has been significant in your career?  Can we talk about your track record of raising capital, which has been significant in your career?
  
 **Ian Peres** **Ian Peres**
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  So I worked at an investment bank in Toronto, as I mentioned, we used to do flow-through financings in the range of 100 million dollars a year.  So I worked at an investment bank in Toronto, as I mentioned, we used to do flow-through financings in the range of 100 million dollars a year.
  
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 **Rodney Ireland** **Rodney Ireland**
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  But certainly as you get the lines installed, I would think that would de-risk it and  But certainly as you get the lines installed, I would think that would de-risk it and
  
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 **Ian Peres** **Ian Peres**
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  Yeah. So what's interesting about this is that the three lines are fully funded.  Yeah. So what's interesting about this is that the three lines are fully funded.
  
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 **Rodney Ireland** **Rodney Ireland**
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  OK. And/or raise growth capital at a relatively low cost of capital.  OK. And/or raise growth capital at a relatively low cost of capital.
  
 **Ian Peres** **Ian Peres**
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  Yes. 100 percent.  Yes. 100 percent.
  
 **Rodney Ireland** **Rodney Ireland**
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  Significant de-risking hopefully taking place.  Significant de-risking hopefully taking place.
  
 **Ian Peres** **Ian Peres**
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  Yes.  Yes.
  
 **Rodney Ireland** **Rodney Ireland**
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  OK. Well, that's a that's a solid, concise half hour.  OK. Well, that's a that's a solid, concise half hour.
  
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 **Ian Peres** **Ian Peres**
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  No, um, as I said, I'm really proud of the team.  No, um, as I said, I'm really proud of the team.
  
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 **Rodney Ireland** **Rodney Ireland**
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  All right.  All right.
interview_20241205.1739988433.txt.gz · Last modified: 2025/02/19 13:07 by robertpeacock22