Tag: American

Latin American beverage startup appears on ‘Shark Tank’

Food Entrepreneur BOULDER, COLO. — Aguas frescas are making a splash stateside, buoyed by recent launches from large brands including Chipotle Mexican Grill and The Coca-Cola Co. Consumer interest in the Latin American refreshment has grown nearly 42% over the past year, according to Tastewise, a food and beverage industry data platform.

Several years ago, Juan Ignacio Stewart began bottling the beverage — known as refrescos or simply frescos in his native Guatemala — to sell at Colorado farmers markets. The drink, formulated with water, hibiscus and a touch of sugar, was a hit among the local community, marking the launch of Frescos Naturales. Today, the brand offers six sparkling options, including hibiscus, tamarind, passionfruit, pineapple, guava and mango, sold in coffee shops and grocery stores in the Boulder and Denver areas and rolling out to several Kroger divisions including Ralphs and King Soopers.

A recent appearance on the television show “Shark Tank” is expected to accelerate demand for the culturally inspired concoction.

“Using recipes of growing up back home in Guatemala, I developed Frescos Naturales, the first full line of better-for-you sparkling aguas frescas,” Mr. Stewart said during his pitch featured in the episode, which aired Jan. 20. “We use just three ingredients, one of those being water, then the highest quality fruits and flowers, and then just a little bit of sugar to wrap them up good.”

He added, “Every Latino that you know in the United States drinks this and has had it all their life… but you go to the store, and you don’t find it.”

The panel of investors praised his energy and entrepreneurial spirit but demonstrated reluctance in backing a beverage startup due to the industry’s many challenges, including competition and costs.

Ultimately, Mr. Stewart established a partnership with guest Shark Daniel Lubetzky, founder and chief

American Rare Earths Ltd appoints new president of North America

American Rare Earths Ltd (ASX:ARR) has appointed a new president of North America to continue to build the company’s presence and partnerships in the region.

The highly experienced Melissa (Mel) Sanderson replaces Marty Weems in the position and brings with her accomplished leadership skills in mining and diplomacy.

Sanderson’s global career spans 30-plus years, including time at global mining leader Freeport-McMoRan, in a corporate ESG role and as vice president for Africa.

She has also received several awards, including the US State Department Superior Honor Award and the Women in Mining UK 2022 ‘top 100 Global Inspirational Women in Mining’.

Sanderson serves on several boards, including American Rare Earths where she will remain as an executive director, Advance Metals Ltd, the Phoenix Committee on Foreign Relations and chairs the Arizona District Export Council.

“Mel is an outstanding leader and brings a wealth of experience to the role as head of our North American business headquartered in Phoenix, Arizona. I could not be more excited and pleased to have Mel take on this appointment,” ARR chairman Creagh O’Connor said.

Leaving a legacy

Under the leadership of Marty Weems, ARR established significant partnerships with various research organisations and the Departments of Energy and Defense.

Sanderson will be tasked with continuing these relationships as she is well versed in working with US Government agencies having served as a senior diplomat in the US State Department.

A further benefit is Sanderson’s status as a Wyoming native, where ARR has a significant asset at its Halleck Creek Rare Earth Project in Platte and Albany counties in southeast ranch country.

The southern end of the Laramie Range is home to a massive geologic pluton rare earth deposit, estimated to have more than one billion tonnes of ore, potentially making it the biggest such project in the

A South American currency union? Don’t hold your breath

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NEW YORK — South America is not likely to have a common currency bloc to rival the euro any time soon, analysts said on Monday, despite excited chatter sparked by officials in Brazil and Argentina raising the prospect of a shared tender.

On Monday Brazil’s President Luiz Inacio Lula da Silva and Argentine President Alberto Fernandez said they were in early talks to establish a shared unit of value for bilateral trade, though this would not replace the real or peso currencies.

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That came after the leaders had touted a “common South American currency” on Sunday and officials told the Financial Times the tender could even be called the “sur” and eventually look to bring in other countries around South America.

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Analysts were quick to knock that down, following decades of similar talk with little to show for it, including shelved plans for a so-called “gaucho” for Argentina-Brazil trade in 1987 and former Brazil President Jair Bolsonaro