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Pentagon Funds Joint Development Effort with NioCorp and Lockheed Martin to Develop a Scandium-Based Defense Technology
Accessnewswire· 2025-10-23 11:00
Core Insights - NioCorp Developments Ltd. has entered into an agreement with Lockheed Martin to support the development of a scandium-based defense technology [1] Company Summary - NioCorp is identified as a leading U.S. critical minerals developer, indicating its focus on essential materials for various industries, including defense [1] Industry Summary - The collaboration with Lockheed Martin highlights the growing importance of scandium in defense technology, particularly within advanced development programs [1]
GE Vernova to Fully Acquire Prolec GE Joint Venture
Businesswire· 2025-10-21 20:31
Core Viewpoint - GE Vernova Inc. is acquiring the remaining 50% stake of Prolec GE from Xignux, enhancing its position in the global grid technology market and accelerating growth in its Electrification segment, which is the fastest-growing segment of the company [1][5][6]. Acquisition Details - The acquisition will be completed for a purchase price of $5.275 billion, funded equally through cash and debt [5][6][8]. - The deal is expected to close by mid-2026, pending regulatory approvals [6]. Financial Projections - Prolec GE is projected to generate $3 billion in revenue by 2025, with an adjusted EBITDA margin of approximately 25% [5][7]. - The incremental impact on GE Vernova's financials is expected to be $0.5 billion in adjusted EBITDA by 2025, increasing to $0.8 billion by 2028 [7]. Strategic Importance - This acquisition is seen as a strategic move to strengthen GE Vernova's capabilities in North America, where demand for grid technologies is rapidly increasing due to factors such as the growth of data centers and new electrification policies [1][4]. - Prolec GE, established in 1995, is a leading supplier of grid equipment with around 10,000 employees and multiple manufacturing sites, including five in the U.S. [3][5]. Market Context - The acquisition aligns with the growing electricity demand driven by various market trends, positioning GE Vernova to better serve both North American and global customers [1][4].
Meta Announces Joint Venture with Funds Managed by Blue Owl Capital to Develop Hyperion Data Center
Prnewswire· 2025-10-21 20:05
Core Viewpoint - Meta Platforms, Inc. has entered into a joint venture with funds managed by Blue Owl Capital to develop and operate the Hyperion data center campus in Richland Parish, Louisiana, with a total development cost of approximately $27 billion [3][4]. Group 1: Joint Venture Details - The joint venture will see Blue Owl Capital owning an 80% interest, while Meta retains 20% ownership [3]. - Blue Owl Capital contributed approximately $7 billion in cash to the joint venture, and Meta received a one-time distribution of about $3 billion [4]. - Meta will provide construction and property management services for the project, leveraging its 15 years of experience in data center operations [2]. Group 2: Strategic Importance - This partnership aims to support Meta's long-term AI ambitions and enhance the speed and flexibility of its data center projects [2]. - The project is expected to create over 500 operational jobs once completed, with thousands of construction workers currently on site [5]. Group 3: Financial and Operational Structure - Meta has entered into operating lease agreements with the joint venture for the use of the facilities, with an initial term of four years and options to extend [5]. - To manage financial flexibility, Meta provided a residual value guarantee for the first 16 years of operations, which includes capped cash payments based on the campus's value under certain conditions [6]. Group 4: Advisory and Legal Support - Morgan Stanley & Co. LLC acted as the exclusive financial advisor to Meta for this transaction, while Latham & Watkins LLP provided legal counsel [7].
Valeura Energy Inc. Announces Türkiye Joint Venture Agreement
Accessnewswire· 2025-10-15 06:50
Core Viewpoint - Valeura Energy Inc. has entered into a joint venture with Pinnacle Turkey, Inc. and Transatlantic Petroleum LLC to explore and develop hydrocarbons in the Thrace basin of northwest Türkiye, indicating a strategic focus on deep gas exploration despite a pivot towards the Asia-Pacific region [1] Company Developments - The joint venture aims to explore the deep rights formations in the Thrace basin, which is believed to have significant potential for adding value to Valeura Energy [1] - Dr. Sean Guest, President and CEO of Valeura, emphasized the company's ongoing commitment to the deep gas play discovered in northwest Türkiye [1]
Geomega and Rio Tinto Sign a Joint Development Agreement and Demo License on Bauxite Residue Valorization Technology
Newsfile· 2025-10-08 13:27
Core Insights - Geomega Resources Inc. has signed a Joint Development Agreement (JDA) with Rio Tinto for the Bauxite Residue Valorization Technology, which includes a demonstration license for Circuit 1 and 2 [1][2] - The agreement could lead to a demonstration plant in Saguenay, Quebec, with potential payments totaling up to $4,500,000 [2][3] - The technology aims to enhance the environmental footprint of alumina refining by reducing bauxite residue storage and extracting critical minerals [3][4] Financial Aspects - Geomega anticipates receiving $1,400,000 in 2025, $100,000 in early 2026, and up to $3,000,000 in additional payments if the demonstration plant is constructed, totaling a potential of $4,500,000 [2] Technological Impact - The Bauxite Residue Valorization Technology could allow for the extraction of direct reduced iron (DRI) grade ore and critical minerals such as rare earth elements and titanium concentrates [3][4] - Geomega will provide engineering support and conduct tests to demonstrate the technology's flexibility and robustness using various bauxite residue feeds from Rio Tinto's global operations [3][4] Strategic Importance - The partnership with Rio Tinto highlights the increasing demand for sustainable solutions in managing industrial and mining residues, contributing to a reliable local supply chain for critical minerals [4][5] - The collaboration is seen as a significant step towards commercial licensing of Geomega's technology and positions Quebec and Canada as potential leaders in sustainable technology development [5][6] Industry Context - The agreement is part of ongoing efforts to reduce the environmental impact of alumina refining, addressing challenges faced by the global aluminum industry [6][8] - Geomega's strategy includes working with major partners to extract value from mining feeds and industrial residues, focusing on reducing environmental impacts and greenhouse gas emissions [10]
The Joint Chiropractic Continues Climb on the Franchise Times Top 400 List
Prnewswire· 2025-10-07 12:48
Core Insights - The Joint Corp. has been recognized in the Franchise Times Top 400, ranking 139th in 2025, an improvement of 11 spots from the previous year, marking its sixth consecutive year in the top 200 [1][2]. Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S. through The Joint Chiropractic network, operating over 950 locations and facilitating more than 14 million patient visits annually [5]. - The company has revolutionized access to chiropractic care with a retail healthcare business model introduced in 2010, focusing on affordable care without the need for insurance [5]. Business Model and Services - The Joint Chiropractic offers a convenient retail setting with concierge-style services, allowing patients to receive care without appointments or insurance hassles, and operates during accommodating hours, including evenings and weekends [3][5]. Industry Recognition - The Joint Corp. is consistently featured in various prestigious lists, including Franchise Times' "Top 400," "Fast & Serious," and Entrepreneur's "Franchise 500," highlighting its status as a leader in the chiropractic industry [5]. - The company is recognized as one of the fastest-growing franchises in the health and medical sector, as well as personal services [2]. Franchise Information - The Joint Corp. operates as a franchisor and manages clinics in several states, providing management services to affiliated chiropractic practices [6].
The Joint Chiropractic Debuts in Delaware
Prnewswire· 2025-10-03 12:45
Core Insights - The Joint Corp. has opened its first chiropractic clinic in Delaware, expanding its retail footprint to 43 states and the District of Columbia [1][3]. Company Overview - The Joint Corp. is the largest provider of chiropractic care in the U.S., operating over 950 locations and facilitating more than 14 million patient visits annually [5]. - The company has revolutionized access to chiropractic care since introducing its retail healthcare model in 2010, focusing on convenience and affordability while eliminating the need for insurance [5]. Franchise Details - The new clinic in Dover is owned by Troy and Dr. Cherese Bratcher, who also operate another clinic in Knightdale, N.C. [2]. - The Bratchers emphasize cost-effective chiropractic care and the importance of ongoing wellness education for the community [4]. Business Model - The Joint Chiropractic offers a no-appointment, no-insurance hassle model, with flexible hours including evenings and weekends, catering to patient convenience [4]. - The company is recognized in various industry rankings, including Franchise Times' "Top 400" and "Fast & Serious" lists, and has been named the "No. 1 in Chiropractic Services" by Entrepreneur [5].
Starlab Adds Space Applications Services as Strategic Partner, Equity Owner in Joint Venture
Prnewswire· 2025-09-30 22:02
Core Insights - Starlab Space LLC has announced a joint venture partnership with Space Applications Services to enhance its international reach and capabilities for customers [1][4] - The partnership aims to accelerate scientific discovery and advance the development of Starlab's commercial space station [4][5] Company Overview - Starlab is a U.S.-led global joint venture involving multiple partners, including Voyager Technologies, Airbus, and Mitsubishi Corporation, focused on developing an AI-enabled commercial space station [6] - Space Applications Services, based in Belgium, specializes in advanced technologies for human spaceflight and has a strong relationship with the European Space Agency and NASA [7] Partnership Details - Space Applications Services will contribute its expertise in avionics, payload development, and mission integration, enhancing Starlab's capabilities [3][5] - The collaboration will also involve the development of Space Innovation Laboratories across Europe to facilitate microgravity research [4] Strategic Goals - The partnership positions Starlab as a leading program in the Commercial Low Earth Orbit (LEO) Destination sector, with a focus on ensuring continued human presence in low-Earth orbit [5] - Starlab is on track for a Critical Design Review by the end of the year, indicating progress from design to development [5]
The Joint Corp. Names Debbie L. Gonzalez Chief Marketing Officer
Globenewswire· 2025-09-30 20:05
Company Overview - The Joint Corp. is the largest provider of chiropractic care in the United States, operating through The Joint Chiropractic network, with over 950 locations and more than 14 million patient visits annually [5][6] - The company revolutionized access to chiropractic care with its retail healthcare business model introduced in 2010, making quality care convenient and affordable while eliminating the need for insurance [5] Leadership Change - Debbie L. Gonzalez has been appointed as the new Chief Marketing Officer, effective October 7, 2025, replacing Lori Abou Habib [1][2] - The CEO, Sanjiv Razdan, highlighted Gonzalez's extensive experience in brand strategy transformation and marketing capabilities in multi-site retail and health and wellness sectors [2] Strategic Focus - Gonzalez aims to enhance brand building and franchisee relationships, positioning The Joint as America's most accessible health and wellness services company [2] - The company has been recognized in various rankings, including Franchise Times' "Top 400" and "Fast & Serious" lists, and was named "No. 1 in Chiropractic Services" by Entrepreneur [5] Leadership Background - Gonzalez previously served as CMO/SVP at Concentrix and Chief Brand/Marketing Officer at Massage Envy, where she repositioned the business and improved brand awareness [3][4] - She holds an MBA from Thunderbird and a BBA in Economics from the University of San Diego, and has been featured in industry publications [4]
Lode Gold Completed Internal Scoping Study at Fremont, Mariposa; Initiates Process to Seek Joint Venture Partner
Newsfile· 2025-09-29 14:10
Core Insights - Lode Gold Resources Inc has completed an Internal Scoping Study for a shift to a 100% underground bulk mining scenario at its Fremont gold project in California, USA [1][11] - The company is seeking a Joint Venture partner to invest and evaluate the potential for a gold pour in early 2028, with a full ramp-up expected by 2030 [2] - The Preliminary Economic Assessment (PEA) from 2023 will be optimized, with a potential increase in scale from 4,000 to 6,000 tonnes per day, contingent on further studies [3] Project Details - The Fremont project will utilize only 20% of the 3,351 acres of patented land, focusing on underground mining to minimize environmental impact [6] - The mining plan eliminates the use of cyanide and will not process surface oxides on-site, with a portable mill estimated to handle 300-500 tonnes per day for initial pilot operations [6] - The average true widths of mineralization are reported at 53 meters for a 1 g/t cut-off and 17 meters for a 3 g/t cut-off, indicating significant resource potential [6] Economic Assessment - The 2023 PEA indicated a potential gold production of 136,000 ounces per year at a processing rate of 4,000 tonnes per day, based on a resource estimate of 1 million ounces Measured and Indicated and 2 million ounces Inferred [3] - The strategy pivot to 100% underground mining is supported by findings from the 2025 Mineral Resource Estimate, which separates mineralization into veins and stockwork [3][11] Company Background - Lode Gold is focused on exploration and development in safe mining jurisdictions in Canada and the United States, with significant projects in Yukon and New Brunswick [8][9] - The Fremont Mine, previously operational during the Gold Rush, has substantial exploration upside, with only 8% of the resource identified in the 2025 MRE extracted to date [10]