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Canadian North Resources Inc. Expands Metallurgical Programs Applying Low-carbon Footprint Bioleaching Technology on Ferguson Lake Ni-Cu-Co PGE project
GlobeNewswire News Room· 2025-03-03 12:30
Core Viewpoint - Canadian North Resources Inc. has initiated an extensive metallurgical program to further develop bioleaching technology for the Ferguson Lake Project, aiming to enhance metal recovery and reduce costs and environmental impact [2][3]. Group 1: Bioleaching Technology and Program - The company is expanding bio-leaching tests to create a mineral processing flowsheet that aims for high recovery rates of nickel, cobalt, copper, and platinum group elements (PGE) [3][6]. - Initial bio-leaching tests showed very high extraction rates: nickel at 97.8-98.9% and cobalt at 96.0-97.7%, with copper extraction rates between 73.6-75.4% [3][7]. - The bio-leaching program will be conducted in two phases throughout 2025, focusing on optimizing extraction conditions and evaluating metal recovery options [4][5]. Group 2: Phases of the Metallurgical Program - Phase 1 will involve extensive testing of various conditions for whole ore bio-leaching treatment, including different ore and grind sizes to establish optimal extraction rates [4]. - Phase 2 will focus on recovering metals from the bio-leaching solution, including copper, nickel, cobalt, and PGE, as well as removing impurities and treating tailings [5]. Group 3: Resource Estimates and Potential - The Ferguson Lake mining property has a substantial mineral resource estimate, including 66.1 million tonnes of indicated resources containing 1,093 million pounds of copper and 678 million pounds of nickel [12]. - The bio-leaching technology is expected to significantly increase the value of current mineral resources and potentially allow for the inclusion of lower-grade materials as economic resources [7]. Group 4: Company Background - Canadian North Resources Inc. focuses on critical metals for clean energy, electric vehicles, and battery industries, advancing the Ferguson Lake project in Nunavut, Canada [11]. - The company collaborates with RPC, a research organization specializing in bio-leaching technology, to enhance the metallurgical processes at Ferguson Lake [8][9].
Ferguson Bath, Kitchen & Lighting Gallery and Build.com now Ferguson Home
Prnewswire· 2025-02-27 16:14
Core Concept - Ferguson Bath, Kitchen & Lighting Gallery and Build.com will operate under a unified brand name, Ferguson Home, enhancing customer experience in kitchen, bath, lighting, and home improvement sectors [1][2][6] Group 1: Brand Integration - The transition to Ferguson Home signifies a strategic milestone, creating a fully integrated shopping experience that combines e-commerce and showroom-based services [2][3] - Ferguson Home aims to provide a seamless omnichannel brand that merges digital and physical shopping experiences [2][4] Group 2: Customer Experience - The new brand identity allows trade professionals and homeowners to shop conveniently according to their project needs, supported by advanced technology and expert associates [3][4] - Customers will benefit from a consistent name across all platforms, enhancing the overall shopping experience while maintaining existing support and expertise [8] Group 3: Operational Changes - The transition will officially begin on February 25, 2025, with the launch of FergusonHome.com, while Build.com will remain operational for six months to ensure a smooth transition [6][9] - All marketing materials, store signage, and online visuals will be updated to reflect the new identity, reinforcing the brand's presence [6][7] Group 4: Company Overview - Ferguson is the largest value-added distributor in the North American construction market, with sales of $29.6 billion in FY'24 and approximately 35,000 associates across nearly 1,800 locations [10]
PERENfra announces Perennial Infrastructure Fund I
Prnewswire· 2025-02-13 12:15
Core Investment Fund Overview - PERENfra LLC has launched the Perennial Infrastructure Fund I™, focusing on core water infrastructure assets to provide income and long-term capital appreciation through sustainable water solutions [1][2] - The Fund has a target size of $125 million and aims to be fully subscribed by early 2025, having already secured multiple limited partner commitments [2][3] Management and Strategic Partnerships - PERENfra serves as the Manager of the Fund's General Partner, with PIF Equity Partners, LLC acting as the investment manager [3] - The Fund has attracted strategic investors, including Garney Equity Holdings and Ferguson Ventures, positioning it as a unique investment vehicle in the water infrastructure sector [4][5] Investment Strategy and Market Position - The Fund is addressing a significant capital need in the water infrastructure market, with a focus on unique, sole-sourced opportunities that enhance efficiency and expedite infrastructure development [6] - Initial investments will finance, design, construct, own, and operate six new water and wastewater treatment plants, with full capital deployment anticipated by 2026 [5][6] Company Backgrounds - PERENfra specializes in investing in, acquiring, developing, and operating essential water infrastructure, emphasizing reliability, efficiency, and quality in a sector facing underinvestment [8][9] - Garney Companies Inc. is a leader in water and wastewater infrastructure, committed to delivering clean drinking water and protecting public health through essential systems [10] - Ferguson is the largest value-added distributor in the North American construction market, with sales of $29.6 billion in FY'24, providing a wide range of products and services [11]
Massey Ferguson Launches Double Small Square Baler
Prnewswire· 2025-02-11 15:00
Core Insights - Massey Ferguson has launched the SB.1436DB small square baler, which doubles the output of a single baler by producing two rows of bales per field pass [2][3] - The new baler was introduced at the World Ag Expo and the National Farm Machinery Show in February 2025 [2][3] Product Features - The SB.1436DB produces 14-by-18-inch bales, delivering greater field performance, superior bale consistency, and tremendous uptime for commercial hay producers [3][4] - It is designed to meet the needs of modern hay producers facing labor shortages, tight harvest windows, and demanding quality standards [4] - The baler features a 105-inch pickup width, operates at 90 strokes per minute, and automates bale density, weight, and dimensions with the SimplEbale™ system [8] Efficiency and Cost Reduction - The SB.1436DB reduces labor, equipment, and fuel costs while maximizing productivity [8] - It can produce up to 8,000 bales before needing a twine refill, which is double the capacity of comparable balers [8] - Automated knotter lubrication minimizes manual intervention, increasing field time [8] Market Position - AGCO Corporation, the parent company of Massey Ferguson, reported net sales of approximately $14.4 billion in 2023, indicating a strong market presence [9]
Ferguson: Rating Downgrade On Uncertain Near-Term Margin Outlook
Seeking Alpha· 2024-12-13 04:57
Core Insights - The previous investment outlook on Ferguson (NYSE: FERG) was a buy rating due to positive business growth prospects supported by multiple drivers [1] - The stock has not shown significant movement since the initial recommendation, indicating a need for ongoing evaluation of its performance [1] - The investment strategy focuses on long-term investments while also considering short-term opportunities to uncover alpha [1] Company Analysis - The investment approach is based on bottom-up analysis, assessing the fundamental strengths and weaknesses of individual companies [1] - The target investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]
Ferguson plc(FERG) - 2024 Q4 - Earnings Call Presentation
2024-09-17 12:41
%FERGUSON 1 Fourth Quarter & Year End Results Presentation JULY 31, 2024 Legal Disclaimer 2 2 Cautionary note on forward-looking statements Certain information included in this presentation and discussed on the conference call that this presentation accompanies is forward-looking, including within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forwar ...
Massey Ferguson 9S Series Tractor Brings Efficiency and Dependability to Your Farm
GlobeNewswire News Room· 2024-08-26 19:59
Core Insights - AGCO Corporation announces the North American debut of the Massey Ferguson® 9S Series tractor, designed to enhance dependability and efficiency for farmers, ultimately lowering the overall cost of ownership [1][3] - The MF 9S Series will be showcased at the 2024 Farm Progress Show in Boone, Iowa, from August 27-29 [1] Product Features - The MF 9S Series is designed with field-proven technology, including an 8.4-liter AGCO Power™ engine and DynaVT™ transmission, providing maximum power and efficiency for demanding agricultural tasks [4] - The tractor features a 90 GPM ECO pump, allowing farmers to operate technology features without compromising tractor performance, and includes a design that minimizes soil compaction while maximizing traction [4] - Massey Ferguson's Protect-U design offers industry-leading cab comfort and visibility, enhancing operator comfort and simplifying operations [6] Efficiency and Cost Savings - Farmers using the MF 9S Series have reported up to a 15% reduction in fuel consumption, contributing to lower operational costs and increased profitability [3] - The MF Care Pro service is standard on every tractor, providing extended warranty options and ensuring optimal performance while reducing servicing time and costs [4] Company Overview - AGCO Corporation is a global leader in agricultural machinery and precision ag technology, with net sales of approximately $14.4 billion in 2023 [8]
Connolly Brothers completes build-out of 230,000 SF Ship Hub for Ferguson Enterprises
Prnewswire· 2024-06-27 16:00
BEVERLY, Mass., June 27, 2024 /PRNewswire/ -- Connolly Brothers Inc., a construction management firm serving private commercial, industrial and institutional clients, recently completed build-out of a 234,282 square-foot warehouse project for Ferguson Enterprises, LLC. Located in Taunton, MA, the new 40-foot clear high-bay warehouse required modifications to facilitate installation of specialized equipment such as an extensive floor-to-ceiling racking system designed to manage inventory of over 60,000 Fergu ...
Ferguson: Good Growth Prospects At Reasonable Valuation
Seeking Alpha· 2024-06-26 06:54
Ferguson plc (NYSE:FERG) has good growth prospects ahead. The company's revenue growth should benefit from healthy demand in the non-residential end market, driven by secular tailwinds from recent reshoring trends and infrastructure funding. While the residential end market is experiencing headwinds due to high interest rates, it is near the bottom and a potential reversal in the interest rate cycle coupled with long-term tailwinds from a significant underbuild of new homes post the great recession should d ...
Ferguson plc(FERG) - 2024 Q3 - Quarterly Report
2024-06-05 20:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40066 Ferguson plc (Exact name of registrant as specified in its charter) Jersey, Channel Islands 98-1499339 (State or other jurisdiction of ...