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Quadro Maintains 49% Interest in Staghorn Property as Parties Agree to Pursue Joint Venture Arrangement
Newsfile· 2025-08-06 15:47
Core Viewpoint - Quadro Resources Ltd. maintains a 49% interest in the Staghorn Property following TRU Precious Metals Corp.'s decision not to proceed with an additional option, and both parties are moving towards a Joint Venture Agreement to define their rights and obligations regarding the property [1][2]. Group 1: Company Overview - Quadro Resources Ltd. is a publicly traded mineral exploration company with approximately 28.5 million shares outstanding, listed on the TSX Venture Exchange under the ticker symbol "QRO" [4]. - The company is focused on advancing gold exploration projects across North America and holds a 49% interest in the Staghorn property, which is optioned to TRU Precious Metals Corp., as well as a 100% interest in the Long Lake property [4]. Group 2: Joint Venture and Future Plans - TRU has completed its earn-in of a 51% interest in the Staghorn Property, while Quadro retains a 49% interest, and both parties are negotiating a Joint Venture Agreement [2]. - Quadro's President and CEO, T. Barry Coughlan, expressed optimism about TRU's continued involvement and the potential for long-term exploration and development of the gold and copper system [3]. - The company is awaiting assay results from TRU's 2025 drill program, which are expected to influence future exploration strategies [3]. - Quadro is also exploring funding opportunities, including potential flow-through and hard-dollar financings, to support its exploration activities and preserve shareholder value [3].
Denarius Metals Announces Decision Not to Proceed with 50/50 Joint Venture with Quimbaya Gold
Newsfile· 2025-08-01 21:00
Core Viewpoint - Denarius Metals Corp. has decided not to proceed with a 50/50 joint venture with Quimbaya Gold Inc. after completing due diligence, citing unfavorable conditions for small-scale mining operations in the Segovia Gold District of Colombia [1][2]. Company Overview - Denarius Metals is a Canadian junior mining company focused on the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain [3]. - The company is listed on Cboe Canada under the symbol "DMET" and also trades on the OTCQX Market in the United States under "DNRSF" [3]. Current Operations - In Colombia, Denarius Metals began mining operations in Q2 2025 at its 100%-owned Zancudo Project, which is a high-grade gold-silver deposit located about 30 km southwest of Medellin [4]. - In Spain, the company has interests in three projects focused on critical minerals, including a 21% interest in Rio Narcea Recursos, S.L. and operates the Aguablanca Project, recognized by the EU as a Strategic Project [5]. - The Aguablanca Project includes a 5,000 tonnes per day processing plant and the rights to exploit the historic Aguablanca nickel-copper mine [5]. - Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit in the Iberian Pyrite Belt, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit in Northern Spain [5].
The Joint Corp. Expects to Restate Full Year 2024 and First Quarter 2025 Financial Statements due to Overestimated Noncash Impairment Charges
Globenewswire· 2025-07-30 22:48
Core Viewpoint - The Joint Corp. plans to restate its previously issued financial statements for 2024 and the first quarter of 2025 due to errors related to the impairment of assets held for sale, which will affect the reported net loss and carrying value of these assets [1][2][4][6]. Financial Impact - For the year ended December 31, 2024, the correction is expected to reduce the previously reported loss from discontinued operations by approximately $2.2 million, leading to a decrease in net loss and an increase in the carrying value of assets held for sale by the same amount [4]. - For the quarter ended March 31, 2025, the correction is anticipated to increase previously reported income from discontinued operations by approximately $0.5 million, resulting in a cumulative increase in the carrying value of assets held for sale by approximately $2.7 million [6]. Adjusted EBITDA - The adjustments for both the year ended December 31, 2024, and the quarter ended March 31, 2025, are not expected to impact Adjusted EBITDA or cash positions [5][7]. Internal Controls - The company is evaluating the impact of the identified errors on its internal control over financial reporting, expecting to conclude that there will be a material weakness in these controls during the applicable periods [8]. Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., operating over 950 locations and facilitating more than 14 million patient visits annually [10]. - The company has been recognized in various industry rankings, including Franchise Times' "Top 400" and Entrepreneur's "Franchise 500" [10]. Business Structure - The Joint Corp. operates as a franchisor and manages clinics in several states, providing management services to affiliated chiropractic practices [11].
Homerun Resources Inc. Receives Joint Support Plan from BNDES and FINEP Indicating Financial Instruments Available to Support Homerun's Business Plan
Newsfile· 2025-07-28 12:00
Core Insights - Homerun Resources Inc. has received a joint support plan from BNDES and FINEP, indicating financial instruments available to support its business plan [1][2] - The support plan is part of a strategic minerals transformation initiative worth USD $815 million, aimed at accelerating high-impact mineral-transformation projects [2] Financial Instruments - The joint support plan includes various financial instruments such as long-term credit lines, equity investments, non-reimbursable funds, and economic subsidies [2] - Specific programs available include: - Climate Fund with a maximum value of R$ 500 million per economic group, offering a term of up to 16 years [3] - Innovation Investments in R&D&I with a maximum value of R$ 300 million per economic group per calendar year [3] - FINEM for Productive Capacity with funding up to 80% of project value, capped at 100% of fundable items [3] Company Developments - The CEO of Homerun Resources expressed satisfaction with the support plan, emphasizing its role in advancing solar glass production and silica processing capabilities [4] - The R$5 billion funding program is part of the New Industry Brazil initiative, focusing on R&D&I and expected to leverage additional private investment [4] - Homerun is positioned to capitalize on high-growth global energy transition markets through its vertically integrated strategy [9] Strategic Initiatives - The company is developing a 120,000 tpy processing plant and building Latin America's first dedicated high-efficiency solar glass manufacturing facility [11] - Partnerships with the U.S. Department of Energy/NREL are underway for developing long-duration energy storage systems utilizing high-purity silica sand [11] - The company maintains a commitment to ESG principles, focusing on sustainable production technologies [10]
The Joint Corp. to Host Conference Call on Thursday, August 7th to Discuss Second Quarter 2025 Results
Globenewswire· 2025-07-24 11:05
Core Insights - The Joint Corp. will report its second quarter 2025 financial results on August 7, 2025, after market close, with a conference call scheduled for 5:00 p.m. EDT to discuss the results [1][2]. Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., operating through The Joint Chiropractic network, with over 950 locations and more than 14 million patient visits annually [4]. - The company has revolutionized access to chiropractic care since introducing its retail healthcare business model in 2010, making quality care convenient and affordable without the need for insurance [4]. - The Joint Corp. has received multiple accolades, including being named "No. 1 in Chiropractic Services" by Entrepreneur and consistently ranking in Franchise Times' annual lists [4]. Business Structure - The Joint Corp. operates as a franchisor of clinics and also manages clinics in certain states, providing management services to affiliated professional chiropractic practices in various states [5].
Smartkem Announces Preliminary Joint Development Agreement with Manz Asia for Advanced Computer and AI Chip Packaging Solutions
Prnewswire· 2025-07-09 11:00
Core Viewpoint - Smartkem has entered into a preliminary Joint Development Agreement (JDA) with Manz Asia to co-develop next-generation dielectric ink solutions for advanced packaging manufacturing, particularly for AI chip applications [1][2] Company Overview - Smartkem is focused on revolutionizing electronics with a new class of transistors using proprietary advanced semiconductor materials, specifically TRUFLEX® semiconductor polymers, which enable low-temperature printing processes [4][5] - The company has a strong intellectual property portfolio, including 140 granted patents across 17 families, 14 pending patents, and 40 codified trade secrets [6] Industry Context - The collaboration aims to address critical bottlenecks in advanced computer and AI chip packaging by combining Smartkem's semiconductor materials with Manz's precision inkjet technology [2] - The demand for AI computing is driving the need for advancements in 12" wafer-level packaging and large-area panel packaging, which could transform data center infrastructure [2] Joint Development Agreement Details - The JDA is focused on developing scalable, high-performance solutions that enhance manufacturing paradigms, aiming for higher yield and lower cost per packaged chip [2] - The agreement is preliminary and non-binding, with no assurance of a definitive agreement or project outcome [3] Manz Asia Overview - Manz Asia is a leading manufacturer of advanced semiconductor equipment, specializing in CoPoS technology for panel-level packaging [7][8] - The company provides comprehensive equipment solutions that enhance production efficiency and optimize process quality in semiconductor packaging [9]
The Joint Corp. Closes Sale of 31 Corporate Clinics in Arizona and New Mexico and Acquires Regional Developer Rights in the Northwest Region
Globenewswire· 2025-07-07 11:05
Core Insights - The Joint Corp. has sold 31 corporate-owned clinics in Arizona and New Mexico for $8.3 million, along with acquiring regional developer rights that generated $855,000 in royalties and franchise fees over the past year [1][2] Group 1: Business Strategy - The refranchising initiative aims to strengthen and simplify the business while ensuring clinics are operated by proven franchise operators [2] - The acquisition of regional developer rights is expected to reduce commission obligations and increase operating margins, as these clinics incurred $855,000 in royalties and commissions in the last twelve months [2] Group 2: Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., with over 950 locations and more than 14 million patient visits annually [4] - The company has been recognized in various franchise rankings, including being named "No. 1 in Chiropractic Services" by Entrepreneur [4] Group 3: Operational Structure - The Joint Corp. operates as both a franchisor and operator of clinics in several states, providing management services to affiliated chiropractic practices [5]
The Joint Chiropractic Launches Official Mobile App on iOS and Android
Prnewswire· 2025-07-01 12:47
Core Insights - The Joint Corp. has launched a new mobile app aimed at enhancing patient convenience and connectivity, marking a significant step in integrating mobile technology into its chiropractic care model [1][2][4] Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., operating over 950 locations and facilitating more than 14 million patient visits annually [6] - The company has revolutionized access to chiropractic care since introducing its retail healthcare business model in 2010, focusing on making quality care convenient and affordable without the need for insurance [6] Mobile App Features - The app includes a clinic locator, allowing patients to find nearby clinics easily [8] - Patients can view available doctors at their local clinic, helping them plan visits around preferred providers [8] - The in-clinic check-in feature uses geofencing technology to streamline the check-in process [8] - Push notifications will keep patients informed about promotions, news, and chiropractic education [8] Strategic Importance - The launch of the mobile app is seen as a major milestone for The Joint, reflecting its commitment to innovation and improving patient experiences [3][4] - The app is designed to enhance access to chiropractic services, reinforcing the company's mission to make care more accessible, affordable, and convenient [3][4]
Richtech Robotics Joint Venture Partner Secures $4M Sales Agreement to Expand Reach in Asia's AI Robotics Market
GlobeNewswire News Room· 2025-06-30 12:00
Core Insights - Richtech Robotics has signed a multi-million-dollar sales agreement with Beijing Tongchuang Technology Development Co., Ltd. through its joint venture, Boyu Artificial Intelligence Technology Co., Ltd. [1][2] - The agreement is valued at over $4 million and includes the purchase, service, and software licensing of products from three key product lines: ADAM, Scorpion, and Titan [2][3] - This deal is expected to enhance the company's revenue in the fourth quarter and drive recurring revenue in the future [2] Company Strategy - The agreement is a significant milestone in Richtech Robotics' international growth strategy, aiming to expand its AI-driven solutions across Asia [3] - The company focuses on high-demand sectors such as hospitality, retail, manufacturing, and healthcare, enhancing operational efficiency and customer experiences [3] Market Presence - Richtech Robotics has deployed over 400 robot solutions across various sectors in the U.S., including restaurants, retail stores, hotels, healthcare facilities, casinos, and factories [4] - Current clients include notable names such as Texas Rangers' Globe Life Field, Golden Corral, Hilton, and Boyd Gaming [4] Company Overview - Richtech Robotics specializes in collaborative robotic solutions for the service industry, particularly in hospitality and healthcare [5] - The company's mission is to transform the service industry through automation, enhancing customer experience and operational efficiency [5]
Kenorland Announces Termination of Joint Venture at the Healy Project, Alaska and Completes Top-Up Right from Sumitomo and Centerra
Newsfile· 2025-06-27 11:30
Core Viewpoint - Kenorland Minerals Ltd. has announced the termination of its joint venture with Newmont Corporation regarding the Healy project in Alaska, while also completing a top-up right exercise with Sumitomo and Centerra to maintain their respective interests in the company [2][3]. Group 1: Joint Venture Termination - Newmont Corporation has delivered a notice to terminate the joint venture agreement for the Healy project in Alaska [2]. - Kenorland has fully vested a 70% interest in the Healy project, but both parties have decided not to pursue further exploration [2]. - The Healy claims will be allowed to lapse due to the costs associated with maintaining the claims and Kenorland's focus on higher priority exploration projects [2]. Group 2: Top-Up Right Completion - Kenorland, along with Sumitomo Metal Mining Canada Ltd. and Centerra Gold Inc., has completed the exercise of the 'top-up right' to retain their interests of 10.1% and 9.9% in the company, respectively [3]. - A total of 257,737 common shares were issued for an aggregate consideration of $408,162.85, with shares priced at $1.598 and $1.473 [4]. - The shares issued are subject to a statutory hold period expiring on October 27, 2025 [4]. Group 3: Related Party Transaction - Sumitomo, owning more than 10% of Kenorland's outstanding shares, is classified as a "related party" under Multilateral Instrument 61-101 [5]. - The transaction is considered a "related party transaction" as defined by MI 61-101 [5]. - Kenorland has relied on exemptions from formal valuation and minority shareholder approval requirements due to the fair market value of the transaction not exceeding 25% of the company's market capitalization [6]. Group 4: Company Overview - Kenorland Minerals Ltd. is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America [8]. - The company's exploration strategy involves advancing greenfields projects through systematic exploration surveys, primarily financed through exploration partnerships [8]. - Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, which is owned by Sumitomo Metal Mining Canada Ltd. [8].