Crown Holdings(CCK)
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EDM Closes Silver Royalty Sale
Newsfile· 2025-08-13 11:45
Group 1 - EDM Resources Inc. has successfully closed a silver royalty sale to Silver Crown Royalties Inc., receiving an initial payment of C$250,000 and 60,000 units in Silver Crown [1][2] - The total cash payment for the royalty is C$500,000, with the remaining C$250,000 to be paid within 30 days of closing [3] - The 60,000 units issued to EDM by SCRi are valued at C$10.00 per unit, each consisting of one common share and a warrant to purchase an additional share at C$13.00 for 36 months [4] Group 2 - SCRi operates as a silver royalty company and is listed on multiple stock exchanges, including CBOE Canada and Frankfurt [2] - The royalty agreement specifically pertains to silver production at the Scotia Mine and does not cover other minerals such as zinc, lead, gypsum, or gold [2] - EDM Resources Inc. holds full ownership of the Scotia Mine and has several exploration licenses in the surrounding regions of Nova Scotia [5]
Mobile Casinos 2025: Crown Coins Casino's New Mobile Casino Games
GlobeNewswire News Room· 2025-08-08 16:11
Core Insights - Crown Coins Casino has launched new mobile casino games that are recognized as one of the most advanced releases of 2025, enhancing the online gaming experience [3][4] - The platform offers a variety of games with rich graphics, instant payouts, and innovative formats, catering to both new and seasoned players [4][6] - Crown Coins Casino provides rewarding bonuses and promotions, including a welcome bonus for new players, daily promotions, and a VIP program for returning players [7][8] Game Offerings - The new mobile games include popular titles such as Gummy Giga Match, Candy Blitz Bombs, and Immortal Ways, which feature high-quality visuals and engaging gameplay [6] - Collaborations with respected gaming studios like Hacksaw Gaming, Relax Gaming, Microgaming, and Pragmatic Play ensure a diverse and high-performing gaming library [9][10] User Experience - A dedicated iOS app has been introduced for faster loading and intuitive navigation, while games are also accessible via desktop and Android browsers [5] - The platform supports various payment methods, including MasterCard, Visa, and digital wallets, allowing players to start gaming without real money deposits [11][12] Customer Support - Crown Coins Casino offers 24/7 customer support with a responsive team and a comprehensive help center that addresses common issues [13][14] - The casino emphasizes responsible gaming by providing resources and tools to help players manage their gaming habits [15][16] Company Overview - Crown Coins is positioned as a social casino that prioritizes player safety and entertainment, allowing users to enjoy gaming without the need for real-money betting [17]
Online Casino Bonuses 2025: Crown Coins Launches New Welcome Bonus
GlobeNewswire News Room· 2025-08-07 16:00
Core Insights - Crown Coins Casino has launched a new welcome bonus for 2025, enhancing its competitive position in the U.S. online casino market [3][4] - The casino has experienced rapid growth and has received high rankings from CasinoTop10.net, indicating its rising recognition in the industry [3][4] Welcome Bonus Details - New players registering in 2025 will receive a welcome package of 100,000 Crown Coins and 2 Sweepstakes Coins immediately after registration, with no purchase or bonus codes required [6][7] - The updated welcome bonus aims to make the casino more accessible and rewarding for players, raising the standard for welcome bonuses in the U.S. [4][7] Ongoing Promotions - Crown Coins Casino has established a robust promotions system that includes daily login bonuses, referral rewards, mystery drops, and seasonal events to keep players engaged [9][10] - The casino offers a standout first purchase bonus of 200% match on deposits, allowing new players to receive up to 1.5 million Crown Coins and 75 Sweepstakes Coins [10][11] VIP and Loyalty Program - The casino features a comprehensive VIP and loyalty rewards system that recognizes consistent players, allowing them to earn points for exclusive benefits [12][13] - An invite-only VIP tier has been introduced, offering premium treatment, priority support, and personalized offers for top-tier members [14] Game Variety and Partnerships - Crown Coins Casino offers a diverse selection of games, including classic slots and high-volatility games, supported by partnerships with top-tier game providers like Pragmatic Play and Relax Gaming [15][16] - The casino's sweepstakes model allows players to win real prizes legally across most U.S. states, enhancing its appeal [17] Platform Accessibility and Support - The platform is optimized for all major browsers and mobile devices, allowing players to log in and play without downloading software [18][19] - Crown Coins Casino provides 24/7 customer support through various channels, including email and live chat, ensuring players have access to assistance whenever needed [20]
EDM Resources to sell silver royalty on Scotia Mine
Proactiveinvestors NA· 2025-08-07 12:37
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Group 2 - The company is focused on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]
Goldstorm Metals to Conduct Geophysical Programs on the Crown Property, Located in the Golden Triangle of British Columbia
Newsfile· 2025-08-06 09:00
Core Viewpoint - Goldstorm Metals Corp. is initiating geophysical programs on its Crown Property in British Columbia's Golden Triangle to enhance geological understanding and prioritize drill targets for future exploration [1][3]. Company Overview - Goldstorm Metals Corp. is a precious and base metals exploration company with a significant land position in the Golden Triangle of British Columbia, covering approximately 16,469 hectares across six concessions [10][11]. - The Crown Project is strategically located directly south of Seabridge Gold's KSM gold-copper deposits and Newmont's Brucejack mine [10][11]. Geophysical Programs - The company has contracted Simcoe Geoscience Limited to conduct ground-based Magnetotelluric (MT) and Induced Polarization (IP) surveys targeting the Copernicus Zone and other geochemical anomalies along the Orion Spine [1][3]. - The geophysical surveys will focus on a 1.4-kilometer trend of the Copernicus Zone, aiming to evaluate the underlying geology and identify potential large intrusive-related targets at depth [3][5]. - The IP study will cover 3.5 kilometers of the gold-in-rock geochemical trend along the Orion Spine, with expectations to outline conductivity anomalies that may indicate larger mineralized targets [3][5]. Financial Information - The company raised gross proceeds of $2,088,903.64 through the issuance of NFT units and flow-through units, with specific details on the number of units sold and their respective prices [7]. - Cash commissions of $42,596.38 were paid, and 608,519 non-transferable finders' warrants were issued to certain finders [7].
Best Casino App 2025 Announced: Crown Coins Casino Secures Top Spot in CasinoTop10.net Rankings
GlobeNewswire News Room· 2025-08-05 19:53
Core Insights - Crown Coins Casino has been named the 1 mobile casino app in the United States for 2025 by CasinoTop10.net, highlighting its superior user experience and innovative features [3][4][6] Evaluation Criteria - The rankings are based on over 30 unique data points, including daily active usage, average session length, and payment method diversity, ensuring a comprehensive evaluation of app performance [5][15] - Key factors for Crown Coins Casino's top ranking included its mobile-first user interface, strong app retention, and integration of responsible gaming tools [9][10][12] Industry Trends - The 2025 rankings reflect a shift towards mobile usability, ethical monetization, and community engagement in the casino app space, with Crown Coins Casino leading this transformation [6][21][22] - Emerging trends include gamified user journeys and transparent reward systems, which are now critical for app success [21][24] Player Reception - The recognition of Crown Coins Casino has generated significant attention, with player reviews praising its polish, reward generosity, and responsiveness [24][25] - Industry analysts suggest that this recognition may set new standards for app development, particularly in fairness and user interface expectations [25][26]
Crown Castle Appoints Christian Hillabrant as President and Chief Executive Officer
GlobeNewswire News Room· 2025-08-04 20:20
Core Insights - Crown Castle Inc. has appointed Christian Hillabrant as the new President and CEO, effective September 15, 2025, marking a significant leadership transition for the company [1][2] - Hillabrant brings over three decades of experience in the telecommunications industry, having held senior positions at T-Mobile, Ericsson, Samsung, and Vantage Towers AG, where he managed over 86,000 communication sites [2][3] - The company is focused on becoming a pure-play U.S. tower company, with a strategy aimed at enhancing shareholder value and operational excellence [2][3] Leadership Transition - Dan Schlanger will continue as Interim President and CEO until Hillabrant's start date and will transition to the role of Executive Vice President and Chief Transformation Officer [3][4] - The Board expressed gratitude to Schlanger for his leadership during the transition period, highlighting strong financial results and progress in the sale of small cells and fiber solutions businesses [4] Company Overview - Crown Castle owns and operates approximately 40,000 cell towers and 90,000 route miles of fiber, providing essential communications infrastructure across major U.S. markets [7] - The company aims to connect communities and businesses to vital data and technology, enhancing wireless service and innovation [7]
Silver Crown Provides Corporate Update
Thenewswire· 2025-08-01 21:00
Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [4] - The company's business model provides investors with exposure to precious metals, serving as a hedge against currency devaluation while minimizing the impact of cost inflation [4] Recent Developments - Gold Mountain Mining Corp. and its subsidiaries have been placed under receivership proceedings, which the company is closely monitoring [1][2] - The company holds a royalty agreement with Elk Gold Mining Corporation, which is part of the affected subsidiaries [2] Management Commentary - The CEO of Silver Crown emphasized that the company's prudent approach to royalty agreements and diversification is intended to provide a buffer against adverse events, allowing for continued revenue growth [3]
Here's Why Crown (CCK) is Poised for a Turnaround After Losing 7% in 4 Weeks
ZACKS· 2025-07-31 14:36
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Why a Trend Reversal is Due for CCK The RSI reading of 27.72 for CCK is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand. Crown Holdings (CCK) has been on a downward spiral lately with significant selling pressure. After declining 7.1% over the past four we ...
Crown Holdings(CCK) - 2025 Q2 - Quarterly Report
2025-07-29 20:56
[PART I – FINANCIAL INFORMATION](index=2&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) This section presents the company's financial statements, management's discussion, market risk disclosures, and controls and procedures [Item 1. Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements) Financial statements for Q2 2025 show increased net sales, net income, and improved operating cash flow [Consolidated Statements of Operations](index=3&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) This statement details the company's revenues, operating income, and net income for the reported periods Consolidated Statements of Operations Highlights (in millions, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $3,149 | $3,040 | $6,036 | $5,824 | | **Income from operations** | $391 | $379 | $756 | $624 | | **Net income attributable to Crown Holdings** | $181 | $174 | $374 | $241 | | **Diluted Earnings per share** | $1.56 | $1.45 | $3.21 | $2.01 | [Consolidated Statements of Comprehensive Income](index=4&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME) This statement presents net income and other comprehensive income components, leading to total comprehensive income Consolidated Statements of Comprehensive Income Highlights (in millions) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net income** | $216 | $207 | $443 | $300 | | **Total other comprehensive income / (loss)** | $43 | $(114) | $8 | $(101) | | **Total comprehensive income** | $259 | $93 | $451 | $199 | | **Comprehensive income attributable to Crown Holdings** | $222 | $60 | $380 | $143 | [Consolidated Balance Sheets (Condensed)](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS%20(Condensed)) This statement provides a snapshot of the company's assets, liabilities, and equity at specific points in time Condensed Consolidated Balance Sheet Highlights (in millions) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total current assets** | $4,652 | $4,211 | | **Total assets** | $14,478 | $13,848 | | **Total current liabilities** | $4,373 | $3,465 | | **Total long-term debt** | $5,618 | $6,058 | | **Total equity** | $3,372 | $3,228 | | **Total liabilities and equity** | $14,478 | $13,848 | [Consolidated Statements of Cash Flows (Condensed)](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS%20(Condensed)) This statement summarizes cash inflows and outflows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows Highlights (in millions) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $463 | $343 | | **Net cash used for investing activities** | $(44) | $(143) | | **Net cash used for financing activities** | $(427) | $(70) | | **Net change in cash, cash equivalents and restricted cash** | $22 | $111 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=NOTES%20TO%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) These notes provide additional details and explanations for the condensed consolidated financial statements - The company recorded restructuring charges of **$47 million** in Q2 2025, primarily from asset impairments in China and costs in the Transit Packaging segment[37](index=37&type=chunk) - As of June 30, 2025, the accrual for asbestos-related claims was **$189 million**, including **$117 million** for unasserted claims. A recent unfavorable jury verdict in California resulted in an **$11 million** charge in Q2 2025[38](index=38&type=chunk)[48](index=48&type=chunk)[54](index=54&type=chunk) - In May 2025, the company issued **$700 million** of 5.875% senior notes due 2033 and used the proceeds to redeem **$875 million** of 4.75% notes due 2026[100](index=100&type=chunk) - The company repurchased **$209 million** of its common stock in the first six months of 2025 under a **$2 billion** authorization valid through 2027[106](index=106&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=30&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses increased net sales, strong segment income, and robust liquidity, maintaining a 2.5x net leverage ratio [Business Strategy and Trends](index=30&type=section&id=Business%20Strategy%20and%20Trends) This section outlines the company's strategic focus on shareholder value, growth, and capital allocation - The company's strategy focuses on maximizing shareholder value through profitable growth, dividends, and share repurchases[130](index=130&type=chunk) - Global demand for beverage cans is growing, particularly in North America, Brazil, and Europe, driven by new products and sustainability benefits. The company expects to meet demand with its current capital base[131](index=131&type=chunk) - Capital spending is expected to be approximately **$450 million** in 2025, down from previous years[131](index=131&type=chunk) - The company has a long-term net leverage ratio target of **2.5x** adjusted EBITDA and a **$2 billion** share repurchase authorization through 2027[132](index=132&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) This section analyzes the company's financial performance, including sales drivers and segment income contributions Segment Income Performance (in millions) | Segment | Q2 2025 Segment Income | Q2 2024 Segment Income | YTD 2025 Segment Income | YTD 2024 Segment Income | | :--- | :--- | :--- | :--- | :--- | | Americas Beverage | $268 | $243 | $504 | $432 | | European Beverage | $97 | $88 | $164 | $139 | | Asia Pacific | $50 | $55 | $97 | $97 | | Transit Packaging | $72 | $73 | $132 | $141 | | Other | $35 | $14 | $64 | $22 | - Q2 2025 net sales increased primarily due to **$120 million** from the pass-through of higher material costs and higher beverage can volumes in North America and Europe[143](index=143&type=chunk) - European Beverage segment volumes grew by **6%** in Q2 and **8%** in the first six months of 2025[153](index=153&type=chunk) - Asia Pacific segment income was flat year-over-year as improved manufacturing performance and restructuring savings offset lower volumes[161](index=161&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) This section details the company's cash flow, debt management, and available liquidity - Cash from operating activities increased to **$463 million** for the first six months of 2025, up from **$343 million** in the same period of 2024, mainly due to higher income from operations[185](index=185&type=chunk) - Cash used for investing activities decreased to **$44 million** from **$143 million** year-over-year, primarily due to lower capital expenditures[187](index=187&type=chunk) - The company's total net leverage ratio was **2.5 to 1.0** at June 30, 2025, in compliance with its covenant requirement of no greater than **4.5 to 1.0**[193](index=193&type=chunk) - The company has available liquidity of **$1,619 million** under its revolving credit facilities as of June 30, 2025[191](index=191&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks from foreign exchange, interest rates, and commodity prices using derivative instruments - The company uses derivative instruments, such as swaps and forwards, to manage risks from foreign exchange, interest rates, and commodity prices, not for speculative purposes[211](index=211&type=chunk) - A hypothetical **0.25%** change in floating interest rates on its **$1.8 billion** of floating rate debt and **$1.4 billion** of securitization would change annual interest expense by approximately **$8 million** before tax[214](index=214&type=chunk) [Item 4. Controls and Procedures](index=45&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[215](index=215&type=chunk) - No changes in internal controls over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[216](index=216&type=chunk) [PART II – OTHER INFORMATION](index=45&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) This section covers legal proceedings, equity security sales, and other significant corporate information [Item 1. Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Notes I and J in Part I for details on asbestos-related liabilities and other litigation - Information regarding legal proceedings, including asbestos liabilities and other contingencies, is incorporated by reference from Note I and Note J of the financial statements[218](index=218&type=chunk) [Item 2. Unregistered Sale of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sale%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company has **$1,593 million** remaining under its **$2 billion** share repurchase authorization through 2027 - As of June 30, 2025, the company has remaining authorization to repurchase **$1,593 million** of its common stock under its current program[221](index=221&type=chunk) [Item 5. Other Information](index=47&type=section&id=Item%205.%20Other%20Information) Key personnel changes include the resignation of the Corporate Controller and the CEO's new 10b5-1 trading plan - Christy Kalaus, Vice President and Corporate Controller, resigned for personal reasons, effective on or about August 25, 2025[225](index=225&type=chunk) - CFO Kevin C. Clothier will assume the role of interim principal accounting officer upon Ms. Kalaus's departure[226](index=226&type=chunk) - On May 20, 2025, CEO Timothy J. Donahue entered into a new 10b5-1 trading plan for the potential sale of up to **90,000** shares of common stock[227](index=227&type=chunk)