Core Insights - Mercantile Bank Corporation and Eastern Michigan Financial Corporation have entered into a definitive merger agreement valued at approximately $95.8 million, enhancing Mercantile's position as Michigan's largest bank by total assets [1][2][10] - The merger will result in a combined company with total assets of $6.7 billion, total loans of $4.9 billion, and total deposits of $5.2 billion [1][10] Partnership Benefits - The merger strategically expands Mercantile Bank's operating footprint, adding 12 Eastern branches to its existing 45-location network, particularly in Eastern and Southeast Michigan [2][3] - Eastern Michigan Bank has a strong deposit base with a cost of deposits of 42 basis points and a loan-to-deposit ratio of 46%, providing substantial liquidity to the combined entity [2][3] Financial Details - The transaction involves Mercantile issuing 0.7116 shares of its common stock plus $32.32 in cash for each outstanding share of EFIN, resulting in an aggregate consideration of $95.8 million [9][10] - The merger is expected to be approximately 11% accretive to Mercantile's dilutive earnings per share once cost savings are fully realized, with tangible book value dilution at closing expected to be around 5.8% [10][11] Operational Integration - Mercantile Bank plans a full core banking system transformation in partnership with Jack Henry, leveraging Eastern's 40 years of operational experience on the platform to ensure a smooth transition [5][6] - The system transformation is scheduled for completion within the first quarter of 2027, with Eastern operating under its existing charter until then [6][11] Cultural Alignment - Both institutions share a commitment to their Michigan roots and community service, which will facilitate a seamless integration process [7][8] - Eastern's executive leadership will remain in place, with Oldford serving as Regional Market President, ensuring continuity in operations [8][11]

Core Viewpoint - Blackrock Silver Corp. has initiated a fully-funded expansion drill program at its Tonopah West project, targeting a 1.2 km eastern extension of the high-grade Merten vein, which presents an opportunity to significantly increase the mineral resource inventory [2][4][5]. Group 1: Expansion Program Details - The expansion drill program will consist of 15 drill holes, utilizing one Reverse Circulation (RC) drill and two core drill rigs, totaling 5,000 meters of drilling [3][5]. - Drilling is expected to be completed by October 2025, with assay results anticipated by the end of the year [3][4]. - The program aims to explore the eastern extension zone between the DPB resource area and the eastern boundary of the project [3][5]. Group 2: Assay Results and Mineralization - Scout drilling has confirmed the eastern extension of the Merten vein, yielding high assay grades, including 2,063 grams per tonne (g/t) silver equivalent (AgEq) and 952 g/t AgEq over significant intervals [4][6][7]. - The newly defined mineralized zone is not included in the 2024 resource estimate and could substantially impact future resource estimates [8][5]. - The Merten vein's geometry suggests it may be an extension of the historic Ohio vein, which was previously mined [6][7]. Group 3: Future Resource Updates - Results from the current drilling program are expected to support a resource update in Q1 2026, while a separate resource update incorporating recent results is scheduled for Q3 2025 [4][5]. - The company is focused on enhancing shareholder value through the development of its mineral resources in Nevada [16].

Core Viewpoint - Astec Industries, Inc. is set to release its second quarter 2025 financial results on August 6, 2025, followed by a conference call to discuss these results [1][2]. Group 1: Conference Call Details - The conference call will be hosted by Jaco van der Merwe (President and CEO), Brian Harris (CFO), and Steve Anderson (Senior VP of Administration and Investor Relations) [2]. - Participants can access the call by dialing (888) 440-4118 for domestic calls or +1 (646) 960-0833 for international calls, at least 10 minutes prior to the scheduled time [2]. - A live webcast will also be available, and an archived version will be accessible for ninety days post-call [2][3]. Group 2: Company Overview - Astec Industries, Inc. specializes in manufacturing equipment for asphalt road building, aggregate processing, and concrete production [4]. - The company's operations are divided into two main segments: Infrastructure Solutions and Materials Solutions [4].

Core Insights - Delota Corp has announced a retail partnership with 180 Global for the licensing of its 180 Smoke brand for online sales of vape products in Eastern Canada [1][2] - The partnership is expected to lead to a reduction in reported revenues and expenses as operational functions transition from Delota's subsidiary to 180 Global [2] - Delota aims to enhance profitability in the Regional Markets through this partnership, which may positively impact future financial results [2] Company Overview - Delota Corp is the largest omni-channel specialty vape retailer in Ontario, with ambitions to expand nationally [3] - The company's growth strategy includes expanding its retail footprint, strengthening its e-commerce platform, and pursuing strategic mergers and acquisitions [3] - Delota currently has over 280,000 registered customer accounts, indicating a strong customer base [3]

Goldshore Intersects 42.7m of 1.09 g/t Au at the Eastern QES Zone of the Moss DepositJuly 03, 2025 7:00 AM EDT | Source: Goldshore Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce its latest assay results from its completed 20,000-meter drill program and the final results from the QES Up zone targeting the near surface extension of the most northern ...

© 2024 The Eastern Company 1 Ryan Schroeder President and Chief Executive Officer Change agent committed to accelerating operational and financial improvements and drive growth through M&A 2 • 20+ years of experience in manufacturing and leadership roles • Joined Eastern in 2024 • Previously CEO of Plaskolite LLC (2020-2023) and President of IMI Norgren (2016-2020) • Experience in a variety of roles at Parker Hannifin (2003-2016) • MBA University of Minnesota and BA from Michigan State University 2024 Resul ...

Standard Uranium Announces Intent to Complete NI 43-101 Technical Report on the Corvo Uranium Project, Eastern Athabasca Basin June 05, 2025 7:30 AM EDT | Source: Standard Uranium Ltd. Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has contracted Axiom Exploration Group Ltd. ("Axiom") to complete a Technical Report (the "Report") in accordance with National Instr ...

Core Viewpoint - Purepoint Uranium Group Inc. is mobilizing for a summer uranium drill program at its Dorado Project, with drilling set to begin on May 26, 2025, targeting high-priority electromagnetic conductors for uranium mineralization in the underexplored Dorado Graphitic Domain [1][7]. Company Overview - Purepoint Uranium Group Inc. operates in the Athabasca Basin, focusing on uranium exploration and has a joint venture with IsoEnergy, covering over 98,000 hectares of exploration ground [10][14]. - The Dorado Project includes former properties such as Turnor Lake, Geiger, Edge, and Full Moon, which are underlain by graphite-bearing lithologies favorable for uranium deposition [10]. Project Details - The Dorado Project features over 150 kilometers of discreet electromagnetic conductors within the Dorado Graphitic Domain, which is part of a highly prospective structural corridor hosting multiple high-grade uranium deposits, including IsoEnergy's Hurricane Deposit [2][5]. - The 2025 drill campaign will consist of approximately 5,400 meters across 18 holes, focusing on high-priority EM conductors [3][7]. Initial Drilling Focus - The initial drilling will target the southern portion of the project area along the Q2 conductor, specifically testing a zone northeast of historic drill holes HL-50 and HL-76, which previously intersected uranium mineralization [6][8]. Recent Developments - Recent drilling by IsoEnergy near the Hurricane Deposit has confirmed elevated radioactivity, indicating the continuity of fertile graphitic rock packages and highlighting the potential for additional high-grade discoveries in the region [11]. - Results from the recently completed Smart Lake Joint Venture drill program are under review and will be released shortly, indicating ongoing exploration activities [7][13].

Core Insights - The Eastern Company (EML) experienced a 9.4% increase in share price following its earnings report for the quarter ended March 29, 2025, outperforming the S&P 500 index, which declined by 0.2% during the same period [1] Financial Performance - The company reported first-quarter 2025 earnings per share from continuing operations of 31 cents, a decrease from 34 cents a year earlier, while adjusted earnings per share fell to 32 cents from 34 cents [2] - Net sales from continuing operations were $63.3 million, reflecting a 2% decrease compared to $64.6 million in the prior year [2] - Adjusted EBITDA declined to $4.6 million from $4.8 million year-over-year, attributed to market headwinds, particularly in the heavy-duty truck segment [2] Key Business Metrics - Gross margin for the quarter was 22.4%, down from 23.9% in the same quarter last year, primarily due to higher raw material costs [3] - Selling, general and administrative (SG&A) expenses decreased by $0.8 million, or 8%, to $9.8 million, driven by lower payroll-related expenses [3] - SG&A costs as a percentage of net sales improved to 15.6% from 16.5% in the prior-year period [3] Income and Cash Flow - Operating income was $3.2 million, slightly lower than $3.4 million in the prior year, while net income from continuing operations was $1.9 million compared to $2.1 million a year ago [4] - The company used $1.8 million in operating activities, down from a positive $2.8 million in the prior year, reflecting significant changes in working capital [4] Management Commentary - CEO Ryan Schroeder described the first quarter as a period of "significant change," focusing on sales growth, cost reduction, and operational efficiency amid a challenging macroeconomic environment [5] - The company aims to remain agile, defend margins, and explore acquisition opportunities [5] Strategic Developments - The board authorized a new share repurchase program to buy back up to 400,000 shares over the next five years, doubling the size of the recently completed program [6] - Revenue decline was primarily due to lower sales in truck mirror assemblies and accessories, partially offset by stronger demand in returnable transport packaging products [7] - The company completed the divestiture of Big 3 Mold's injection stretch blow molding unit, expected to enhance efficiency and lower operating costs [9]

Standard Uranium Announces Signing of Definitive Agreement to Option Corvo Project in Eastern Athabasca BasinMay 09, 2025 7:30 AM EDT | Source: Standard Uranium Ltd.Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Standard Uranium Ltd. (TSXV: STND) (OTCQB: STTDF) (FSE: 9SU0) ("Standard Uranium" or the "Company") is pleased to announce that it has signed a definitive property option agreement (the "Option Agreement"), dated May 8, 2025, with Vital Battery Metals Inc. (CSE: VBAM) (O ...