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Standard BioTools(LAB) - 2025 Q4 - Annual Report
2026-03-16 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 _____________________________________________ Commission file number: 001-34180 STANDARD BIOTOOLS INC. (Exact name of registrant as specified in its charte ...
CORRECTION – Labrador Gold Announces Voting Results of the 2026 Annual General and Special Meeting of Shareholders
Globenewswire· 2026-02-25 14:42
Core Viewpoint - Labrador Gold Corp. successfully held its Annual General and Special Meeting of Shareholders, where shareholders overwhelmingly supported the Corporation's recommendations, including the election of directors and approval of key resolutions [1][2]. Shareholder Meeting Results - A total of 83,756,898 Common Shares, representing 49.27% of the issued shares, were represented at the Meeting [2]. - The Corporation's director nominees were elected with an average of 97.39% votes cast 'FOR' [2]. - The voting results for the director nominees are as follows: - James Borland: 97.976% votes 'FOR' [2] - Leo Karabelas: 97.140% votes 'FOR' [2] - Roger Moss: 96.369% votes 'FOR' [2] - Kevin Ramsay: 98.102% votes 'FOR' [2] - Other resolutions passed include: - Stock Option Plan: 95.515% votes 'FOR' [2] - Change of Business: 71.747% votes 'FOR' [2] - Change of Name: 69.511% votes 'FOR' [2] - Dissident resolutions did not pass, with the Director Removal Resolution receiving only 28.195% votes 'FOR' [2]. Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [5]. - The Watson Project, a joint venture with Nemo Resources Inc., is noted as the largest landholding in the Fort Hope Greenstone Belt, which is underexplored compared to other belts in northwestern Ontario [6]. - The Hopedale property covers much of the Florence Lake greenstone belt, with identified gold anomalies and potential for copper, nickel, and cobalt [7]. - The Borden Lake project is located near Discovery Silver Corp's Borden gold mine, with past exploration identifying two anomalous gold zones [8].
Labrador Gold Announces Voting Results of the 2026
Globenewswire· 2026-02-24 23:33
Core Points - Labrador Gold Corp. held its Annual General and Special Meeting of Shareholders on February 24, 2026, with significant shareholder participation [1] - A total of 83,756,898 Common Shares, representing 49.27% of the issued shares, were represented at the meeting [2] - Shareholders overwhelmingly supported the Corporation's recommendations, with director nominees receiving an average of 97.39% votes in favor [2] Election of Directors - James Borland received 97.976% votes 'FOR' [2] - Leo Karabelas received 97.140% votes 'FOR' [2] - Roger Moss received 96.369% votes 'FOR' [2] - Kevin Ramsay received 98.102% votes 'FOR' [2] Other Business Matters - The appointment of the auditor was ratified with 98.399% votes 'FOR' [2] - The Stock Option Plan was approved with 95.515% votes 'FOR' [2] - The Change of Business received 71.747% votes 'FOR' [2] - The Change of Name received 69.511% votes 'FOR' [2] Dissident Resolutions - The Director Removal Resolution did not pass, receiving only 28.195% votes 'FOR' [2] Company Overview - Labrador Gold Corp. is focused on mineral exploration, particularly gold projects in Eastern Canada [4] - The Watson Project, a joint venture with Nemo Resources Inc., is the largest landholding in the Fort Hope Greenstone Belt, which is underexplored compared to other regions [5] - The Hopedale property covers much of the Florence Lake greenstone belt, with identified gold anomalies and potential for copper, nickel, and cobalt [6] Additional Information - The Borden Lake project is located near Discovery Silver Corp's Borden gold mine, with past exploration identifying two anomalous gold zones [7]
Labrador Gold Announces Voting Results of the 2026
Globenewswire· 2026-02-24 23:33
Core Viewpoint - Labrador Gold Corp. successfully held its Annual General and Special Meeting of Shareholders, where shareholders overwhelmingly supported the Corporation's recommendations, including the election of directors and approval of key resolutions [2][3]. Shareholder Meeting Results - A total of 83,756,898 Common Shares, representing 49.27% of the issued and outstanding shares, were represented at the Meeting [2]. - The Corporation's director nominees were elected with an average of 97.39% votes cast 'FOR' [2]. - The voting results for the director nominees are as follows: - James Borland: 97.976% votes 'FOR' [2] - Leo Karabelas: 97.140% votes 'FOR' [2] - Roger Moss: 96.369% votes 'FOR' [2] - Kevin Ramsay: 98.102% votes 'FOR' [2] - Other resolutions passed include: - Stock Option Plan: 95.515% votes 'FOR' [2] - Change of Business: 71.747% votes 'FOR' [2] - Change of Name: 69.511% votes 'FOR' [2] - Dissident resolutions did not pass, with the Director Removal Resolution receiving only 28.195% votes 'FOR' [2]. Company Overview - Labrador Gold Corp. is a Canadian mineral exploration company focused on acquiring and exploring gold projects in Eastern Canada [5]. - The Watson Project, a joint venture with Nemo Resources Inc., is the largest landholding in the Fort Hope Greenstone Belt, which is underexplored compared to other greenstone belts [6]. - The Hopedale property covers much of the Florence Lake greenstone belt, with identified gold anomalies and potential for copper, nickel, and cobalt [7]. - The Borden Lake project near Chapleau, Ontario, has identified two anomalous gold zones based on previous exploration [8].
Standard BioTools Reports Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-02-24 21:10
Core Insights - Standard BioTools Inc. reported better-than-expected financial performance for the fiscal year 2025, driven by disciplined execution and operational efficiency [3] - The company has fully operationalized over $40 million in cost savings, leading to lower operating expenses and progress towards profitability targets for 2026 [3] - Following the strategic sale of SomaLogic to Illumina, the company has a strong balance sheet with approximately $1 billion in net operating loss (NOL) carryforwards, providing flexibility for future mergers and acquisitions [3][10] Financial Performance - For Q4 2025, revenue from continuing operations was $23.8 million, a decrease of 4% year-over-year, while full-year revenue was $85.3 million, down 6% year-over-year [6][11] - Consumables revenue in Q4 2025 was $9.0 million, down 17% year-over-year, attributed to declines in project funding [7] - Instruments revenue increased by 10% year-over-year to $8.5 million in Q4 2025, reflecting growth in imaging despite capital constraints in end-markets [9] Operating Expenses and Losses - Operating expenses for Q4 2025 were $36.0 million, a decrease of 4% compared to Q4 2024, including $2.1 million in restructuring charges [9] - The net income for Q4 2025 was $13.9 million, a significant improvement from a net loss of $27.2 million in Q4 2024, primarily due to a one-time tax benefit [9] - The full-year net loss for 2025 was $58.8 million, an improvement of 35% compared to a net loss of $90.9 million in 2024 [10] Gross Margins - Gross margins for Q4 2025 were approximately 47.8%, up from 45.8% in Q4 2024, while non-GAAP gross margins were approximately 50.3%, compared to 48.1% in the prior year [9] - For the full year 2025, gross margins were approximately 49.9%, slightly up from 49.3% in 2024, with non-GAAP gross margins at 53.6%, compared to 53.3% in 2024 [10] Future Outlook - The company expects revenue for fiscal year 2026 to be in the range of $80 million to $85 million, with seasonality similar to prior years [11] - The strategic sale of SomaLogic is anticipated to fuel the company's inorganic growth strategy, supported by a cash balance of approximately $550 million post-transaction [6]
Labrador Gold Responds to Dissident’s Vote Contingent Dividend — Warns Shareholders This is a Desperate Repeat of the GrowMax Campaign Playbook
Globenewswire· 2026-02-19 12:00
Core Viewpoint - Labrador Gold Corp. warns shareholders against the promises made by Coloured Ties Capital Inc., stating that these are designed to influence proxy voting rather than create long-term value [1][3][6]. Group 1: Shareholder Communication - The Board of Directors recommends that shareholders vote exclusively on the BLUE Proxy and against the Dissident's resolutions [2]. - LabGold emphasizes the importance of facts and safeguards for shareholders, criticizing the Dissident's conditional dividend pledge as a desperate measure [3]. - The Board has previously communicated to shareholders that the Dissident is repeating past tactics that have proven misleading [6]. Group 2: Historical Context - The Dissident, led by Kal Malhi, previously made similar promises during a campaign against GrowMax Resources Inc., which resulted in a significant cut in promised dividends [4][7]. - Following the Dissident's campaign at GrowMax, shareholders experienced a trading halt, share consolidation, and a redirection of capital that negatively impacted their investments [7]. Group 3: Financial Position of the Dissident - Coloured Ties' financial statements indicate minimal cash reserves, with only CAD $658,000 available as of September 30, 2025, suggesting a motive to target LabGold's treasury [8]. - The Dissident's history of broken promises and misleading information has left shareholders worse off in previous campaigns [8]. Group 4: Recommendations from Experts - Independent proxy advisors ISS and Glass Lewis recommend that shareholders vote only on the BLUE Proxy, stating that the Dissident has not presented a compelling case for change [10]. - LabGold's strategy is presented as a transparent and regulated approach aimed at long-term value creation for all shareholders, contrasting with the Dissident's short-term inducements [14].
Last Chance for LabGold Shareholders to Make Their Vote Count Only on the Blue Proxy and Protect Their Investment From a Self-Serving Dissident
Globenewswire· 2026-02-18 12:00
Core Viewpoint - Labrador Gold Corp. is urging shareholders to vote on the BLUE Proxy to protect their investments from a self-serving dissident shareholder, Coloured Ties Capital Inc., with the voting deadline approaching on February 20, 2026 [1][4][10]. Shareholder Voting - The Corporation has thanked shareholders who have already voted ahead of the Annual General and Special Meeting scheduled for February 24, 2026 [2]. - Crescat Capital LLC, a significant shareholder with approximately 8.9% of shares, intends to vote in favor of LabGold's recommendations on the BLUE Proxy [3][8]. - Shareholders are reminded to vote ONLY on the BLUE Proxy and disregard any other proxies received from the Dissident [4][14]. Importance of the BLUE Proxy - Voting on the BLUE Proxy is crucial as it determines control over approximately CAD $16 million in cash, which is essential for executing a long-term strategy to create shareholder value [6]. - The Corporation emphasizes the risks associated with allowing the Dissident to control investments, citing a history of capital destruction [6][13]. Independent Recommendations - Independent proxy advisory firms, ISS and Glass Lewis, have recommended that shareholders vote ONLY on the BLUE Proxy, highlighting the lack of a compelling case from the Dissident [9][13]. - The Dissident's claims regarding the evaluation of the Watson property have been labeled as false by Nemo Resources, further undermining their credibility [8][13]. Strategic Focus - LabGold has adopted a prudent approach in a challenging junior mining market, opting for disciplined due diligence over potentially dilutive deals [7]. - The Corporation is focused on a structured plan for the Watson Project, which is a significant opportunity in Ontario, and aims to maximize upside while limiting downside risks [13][18]. Conclusion - Shareholders are encouraged to act quickly and vote on the BLUE Proxy to ensure their interests are protected, with assistance available from Kingsdale Advisors if needed [10][12].
Leading Proxy Advisory Firms ISS and Glass Lewis Affirm Recommendation That LabGold Shareholders Vote ONLY the BLUE Proxy and Reject Dissident Attempt to Seize Control
Globenewswire· 2026-02-12 16:39
Core Viewpoint - Labrador Gold Corp. has received a recommendation from Institutional Shareholder Services Inc. (ISS) for shareholders to vote exclusively on the BLUE Proxy in support of the company's resolutions during the upcoming Annual General and Special Meeting on February 24, 2026 [1][7]. Group 1: Proxy Voting Recommendations - ISS advises shareholders to vote "FOR" all of LabGold's resolutions and "AGAINST"/"WITHHOLD" on the resolutions proposed by the Dissident, Coloured Ties Capital Inc. [1][3] - The deadline for shareholders to submit their votes on the BLUE Proxy is February 20, 2026, at 11:00 a.m. (Toronto time) [16]. Group 2: ISS's Analysis of the Dissident's Case - ISS concluded that the Dissident has not presented a compelling case for change, noting that criticisms regarding the sale of Kingsway and NFG shares rely on hindsight assumptions about metals prices [4]. - The Dissident's campaign lacks essential elements of thoughtful activism, such as a clear plan and qualifications for management nominees [4]. Group 3: Support for LabGold's Strategy - ISS supports LabGold's hybrid mining/investment model, which allows for continued exploration and diversification through minority positions [5]. - The proposed change of business is seen as a better path forward compared to the status quo, despite inherent risks [5]. Group 4: Company Overview and Projects - Labrador Gold Corp. is focused on acquiring and exploring gold projects in Eastern Canada, with significant potential in critical minerals [12]. - The Watson Project, a joint venture with Nemo Resources Inc., represents the largest landholding in the Fort Hope Greenstone Belt, which is underexplored compared to other regions [13]. - The Hopedale property and Borden Lake project also show potential for gold and other minerals, with ongoing exploration efforts identifying various anomalies [14][15].
Labrador Gold Signs Agreement to Form Joint Venture With Nemo Resources Through Elementary Minerals Inc for Exploration of the Watson Project in Northwestern Ontario
Globenewswire· 2026-02-10 12:00
Core Viewpoint - Labrador Gold Corp. has entered into a joint venture with Nemo Resources Inc. to explore the Watson Project, which encompasses 127,100 hectares in the underexplored Fort Hope greenstone belt of northwestern Ontario, presenting significant exploration opportunities for gold and critical minerals [1][2][6]. Group 1: Joint Venture Details - The joint venture will be operated by Nemo, with a Technical Committee overseeing work programs, consisting of two representatives from Labrador Gold and one from Nemo [4][7]. - Nemo transferred 6,300 hectares of mining claims and related exploration data to Elementary Minerals Inc. in exchange for 4 million common shares, representing 20% ownership [10]. - Labrador Gold contributed $303,842 for staking an additional 120,800 hectares and will invest a total of $1.5 million for exploration, receiving 16 million common shares, representing 80% ownership [10]. Group 2: Watson Project Overview - The Watson Project is located in the Fort Hope greenstone belt, which has been less explored compared to other regions like Red Lake and Pickle Lake, despite having similar geological characteristics [2][6]. - The geology of the Fort Hope greenstone belt includes significant banded iron formations (BIF) that host high-grade gold occurrences, with notable examples being the Lupin and Musselwhite Gold Mines [3]. - The project area is free of royalties and does not have any option payments or work commitments, enhancing its attractiveness for exploration [6]. Group 3: Exploration Plans and Potential - Elementary is planning a substantial airborne survey followed by soil sampling to identify large gold deposits in the Watson Project area [4]. - The project also holds potential for critical minerals such as antimony, nickel, copper, and zinc, diversifying its exploration focus beyond gold [6]. - The anticipated construction of a road to the Ring of Fire in mid-2026 will significantly reduce exploration and development costs for the Watson Project [6].
Standard BioTools to Announce Fourth Quarter and Full Year 2025 Financial Results on February 24, 2026
Globenewswire· 2026-02-10 12:00
BOSTON, Mass., Feb. 10, 2026 (GLOBE NEWSWIRE) -- Standard BioTools Inc. (NASDAQ: LAB) today announced that it will publish fourth quarter and full year 2025 financial results on Tuesday, February 24, 2026, after U.S. market close. About Standard BioTools Inc. Standard BioTools Inc. (Nasdaq: LAB), has an established portfolio of essential, standardized next-generation technologies that help biomedical researchers develop better medicines faster. As a leading solutions provider, the company provides reliable ...