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Life Time Announces 2nd Annual 30 Strong Challenge to Help Members Build Healthy Fall Habits: Registration Open for Oct. 6 Kickoff
Prnewswire· 2025-09-18 15:45
Core Insights - Life Time announced the return of its 30 Strong Challenge, a 30-day wellness program designed to help members establish healthy habits as seasons change [1][2] - The inaugural year saw over 50,000 participants, leading to the addition of a new daily habit for this year's challenge [3] - The program includes eight daily habits aimed at promoting overall health and well-being [3][4] Program Details - Registration for the 30 Strong Challenge is open, with the program running from October 6 to November 4 [2] - Participants will receive a complimentary 50-minute functional training session and a Get Started Guide with tips and strategies [4] - The eight daily habits include spending time in nature, daily workouts, protein intake, hydration goals, self-care, eliminating alcohol, and ensuring adequate sleep [4] Technology and Support - Life Time's app features L•AI•C, an AI-powered health companion providing guidance on fitness, nutrition, and recovery [5] - The app also offers access to a variety of on-demand and livestream classes led by top instructors [5] Company Overview - Life Time operates 185 athletic country clubs across the U.S. and Canada, focusing on healthy living and aging [7] - The company is recognized for its exceptional workplace culture and commitment to its 49,000 team members [7]
Lithium Ionic Announces Definitive Feasibility Study Results for Bandeira Lithium Project, Minas Gerais, Brazil
Globenewswire· 2025-09-17 11:00
Core Insights - The updated Feasibility Study for the Bandeira Lithium Project demonstrates a longer mine life, lower capital costs, and stronger project economics, positioning it as one of the lowest-cost hard rock spodumene projects globally [1][10][35] Project Economics - Post-tax NPV at 8% is improved to US$1.45 billion from US$1.31 billion in the previous study, with a post-tax IRR increasing to 61% from 40% [6][32] - The payback period has been reduced to 2.2 years from 3.4 years, indicating a quicker return on investment [6][32] - Average annual gross revenue over the life of the mine is projected at US$343 million, down from US$417 million in the prior study [6][32] Capital and Operating Costs - Initial capital expenditures (CAPEX) have been reduced by approximately 28% to US$191 million from US$266 million [6][27] - Site operating costs are estimated at US$378 per tonne of spodumene concentrate produced, which is competitive within the global lithium industry [6][29] Mine Life and Production - The mine life has been extended to 18.5 years from 14 years, supported by a 6 million tonne increase in proven and probable reserves [6][11] - Total life-of-mine production is projected at 23.2 million tonnes, with an average annual production rate of 177,000 tonnes of spodumene concentrate [6][38] Environmental and Operational Design - The project incorporates responsible environmental design, including a long-term underground mining strategy to minimize land disturbance and water consumption [9][10] - The processing plant design utilizes proven technology and modular components to reduce costs and enhance operational efficiency [9][23] Infrastructure and Location - The Bandeira property is located in Brazil's Lithium Valley, an area known for its high-quality spodumene concentrate production [1][14] - The project benefits from excellent local infrastructure, including proximity to major highways and a key logistical port for exporting lithium concentrate [15][16] Regulatory and Permitting Status - The project is advancing through the permitting process, with a positive technical endorsement received from the Minas Gerais State Secretariat for the Environment [42][43] - Ongoing engagement with regulatory agencies and community stakeholders is aimed at ensuring compliance and addressing evolving expectations [43][44]
Introducing a New Standard in Hybrid Athlete Competition: Life Time Debuts LT Games Presented by Ten Thousand Oct. 25-26 in Minneapolis; Registration Now Open
Prnewswire· 2025-09-09 13:15
Core Insights - Life Time is launching the LT Games, a hybrid-athlete competition debuting in October 2025, aimed at setting a new standard in hybrid fitness competitions [1][4] - The event will feature 17 unique stages that test strength, endurance, power, and agility, with a focus on accessibility and customization for participants [3][4] Event Details - The inaugural LT Games will take place at Life Time Target Center in Minneapolis on October 25 and 26, 2025, with hundreds of athletes expected to participate [3] - The competition employs a choose-your-own-adventure format, allowing participants to customize their efforts based on their strengths through a weight-to-repetition scaling system [3][4] Prize Structure - A total of $20,000 in prize money will be awarded across male and female categories, with first place receiving $5,000, second place $3,000, third place $1,000, fourth place $750, and fifth place $500 [5] Training Support - Life Time has introduced LT Games Training Classes at its Target Center to help athletes prepare, focusing on specific movements and skills featured in the competition [6] - An 8-week training program is also available for free on the Life Time app [6] Strategic Partnerships - The LT Games are presented by Ten Thousand, a brand that shares a mission of celebrating progress and aligns with the challenges athletes will face [7] Broader Context - The LT Games are part of Life Time's expanding lineup of athletic competitions, which includes over 30 events and programs like the LT Open for pickleball and the high-performance training program HPLT [8] - Life Time operates 185 athletic country clubs across the U.S. and Canada, emphasizing its commitment to creating top-tier athletic experiences [10]
Lithium Ionic Announces AGM Results
Globenewswire· 2025-08-28 21:00
Core Viewpoint - Lithium Ionic Corp. held its annual general and special meeting of shareholders on August 28, 2025, where all proposed matters were approved by shareholders [1][2]. Company Overview - Lithium Ionic is a Canadian mining company focused on exploring and developing lithium properties in Brazil, specifically in the northeastern part of Minas Gerais state, covering approximately 17,000 hectares [3]. - The company’s Bandeira Project is in proximity to established lithium operations, including CBL's Cachoeira lithium mine and Sigma Lithium Corp.'s Grota do Cirilo project, which is noted for having the largest hard-rock lithium deposit in the Americas [3]. Meeting Outcomes - Shareholders re-elected eight director nominees for the upcoming year, including Blake Hylands and Hélio Diniz [5]. - Deloitte LLP was re-appointed as the auditor of the company [5]. - The existing stock option plan of the company was re-approved [5].
Life Time Foundation Enables Lifetime Skill via Gift of Bikes to 10 Schools
Newsfilter· 2025-08-27 14:56
Core Points - All Kids Bike announced a $90,000 grant from the Life Time Foundation to implement the Kindergarten PE Learn-to-Ride Program in 10 elementary schools across the United States [1][2] - The program aims to teach approximately 10,000 children how to ride a bike, promoting physical activity and healthy living habits [3][4] Group 1: Program Implementation - The selected schools have been on the waiting list for funding and will receive the Learn-to-Ride PE curriculum and equipment for the 2025-2026 school year [2] - Each school will receive teacher training, a comprehensive curriculum, 24 Strider balance-to-pedal bikes, pedal conversion kits, helmets, and ongoing support [2][4] - Over the next decade, around 1,000 kindergarteners at each school will benefit from the program, developing confidence and independence [2] Group 2: Organizational Impact - All Kids Bike has been active since 2018, aiming to provide every child in America the opportunity to learn to ride a bike in school [4] - The program is currently implemented in over 1,700 schools across all 50 states, teaching more than 170,000 kids annually [4] - The initiative is supported by the Strider Education Foundation and has the potential to reach over 1 million children in its 10-year lifespan [4]
From Desk to Deadlift: Life Time Redefines the Office with More Than 55 New In-Club Work Lounges Nationwide
Prnewswire· 2025-08-25 14:17
Core Insights - Life Time has completed its 55th dedicated Work Lounge space and has over 30 more in progress across the U.S, responding to the increasing demand for spaces that integrate productivity, wellness, and community [1] - The Work Lounges are designed to enhance the member experience by providing comfortable seating, warm design elements, and high-speed connectivity, encouraging members to engage with the club for longer periods [2][3][4] Company Overview - Life Time operates a comprehensive ecosystem for healthy living, combining health, wellness, and productivity, with the Work Lounges being a direct response to member demand for flexibility [5] - The company has 15 Life Time Work locations across nine states, which offer exceptional workspaces alongside health and wellness experiences, making it a unique coworking concept [6] Membership and Amenities - In addition to standard complimentary Work Lounges, 10 athletic country clubs have introduced fee-based premium Work Lounges that offer additional amenities such as printing, phone booths, and conference rooms, catering to remote workers and freelancers [5] - Membership to Life Time Work locations includes access to Life Time's network of 185 athletic country clubs, enhancing the value proposition for members [6]
Life Time Disrupts Sleep Supplement Market with Launch of LTH Dream: Melatonin-Free Formula Backed by Clinical Research
Prnewswire· 2025-08-20 18:45
Core Insights - Life Time has launched LTH Dream, a melatonin-free sleep support powder designed to improve sleep quality without the grogginess associated with melatonin [1][2] - The product combines three forms of magnesium and other calming nutrients that are clinically studied to enhance sleep [2][8] - The importance of sleep quality is emphasized, with statistics indicating that 1 in 3 adults do not get enough sleep, which can lead to various health issues [3] Product Details - LTH Dream is available in two flavors: Mixed Berry and Piña Colada [2] - The formulation includes a Triple-Magnesium Complex (300 mg) and other ingredients like L-Theanine and Sensoril® Ashwagandha, which are known to promote relaxation and improve sleep quality [8] Quality Assurance - All LTH supplements, including LTH Dream, are developed by Life Time's in-house team and undergo rigorous quality standards and third-party testing [5] - LTH Dream is NSF Contents and NSF Sport Certified, ensuring product integrity and safety [5][6] Company Overview - Life Time operates 185 athletic country clubs across the U.S. and Canada and offers a comprehensive Life Time app [9] - The company focuses on promoting healthy living and aging, with a range of nutritional supplements and wellness programs [9]
For Fifth Straight Year, Iconic Life Time Miami Marathon Sells Out in Record Time; Waitlist Now Open for January 25, 2026, Event
Prnewswire· 2025-08-15 17:04
Core Insights - The 2026 Life Time Miami Marathon & Half has sold out 18,500 spots two weeks earlier than the previous record, indicating strong demand for the event [1][3] - Registration for the Life Time Tropical 5K is now open, providing a warm-up opportunity for marathon participants [2][5] - The event showcases a USTAF-certified, Boston-qualifying course, attracting participants from 50 states and over 70 countries [3][5] Company Overview - Life Time (NYSE: LTH) operates 185 athletic country clubs across the U.S. and Canada, focusing on promoting healthy lifestyles [7] - The company has a comprehensive Life Time app and organizes nearly 30 iconic athletic events, reinforcing its position in the health and wellness industry [7] - Life Time has been recognized as a Great Place to Work®, highlighting its commitment to workplace culture for over 49,000 employees [7] Economic Impact and Community Involvement - The 2025 event generated a local economic impact of $16.1 million, demonstrating the financial benefits of the marathon to the Miami area [5] - Over 100 charities partner with the Life Time Miami Marathon, contributing to significant fundraising efforts each year [5] - The Kids Run Miami program engages over 1,000 students, promoting youth participation in fitness activities leading up to the marathon [5]
Life Time Opens Ninth Atlanta-Area Athletic Country Club on August 8, Transforming Former Concourse Athletic Club into Life Time Perimeter
Prnewswire· 2025-08-08 12:00
Core Insights - Life Time is expanding its presence in Atlanta with the opening of Life Time Perimeter, a 79,000-square-foot athletic country club designed for health-conscious professionals and families [1][2][3] - The facility combines wellness, fitness, recovery, work, and leisure, catering to the needs of the local community [2][3] - Life Time Perimeter is the ninth location in Atlanta, reflecting the company's growth since its entry into the Georgia market in 2006 [4] Company Overview - Life Time operates 185 athletic country clubs across the U.S. and Canada, focusing on promoting healthy lifestyles for individuals of all ages [8] - The company has been recognized as a Great Place to Work®, highlighting its commitment to a positive workplace culture for over 49,000 employees [8] Facility Features - Life Time Perimeter includes eight outdoor pickleball courts, five tennis courts, multiple pools, and a variety of fitness studios offering over 100 classes weekly [7] - The club features a dedicated recovery space, luxurious dressing rooms, and a Kids Academy, enhancing the overall wellness experience for members [7] Accessibility and Operations - The facility is conveniently located near major highways, providing easy access for members in the surrounding areas [3] - Life Time Perimeter operates extensive hours, open from 4:00 a.m. to midnight on weekdays and from 6:00 a.m. to 11:00 p.m. on weekends [5]
Life Time (LTH) Q2 EPS Jumps 48%
The Motley Fool· 2025-08-06 00:58
Core Insights - Life Time Group reported strong Q2 FY2025 results, with adjusted earnings per share of $0.37, a 48.0% increase year-over-year, surpassing consensus expectations of $0.32 [1][2] - Revenue reached $761.5 million, a 14.0% year-over-year increase, also exceeding analyst forecasts [1][2] - The company raised its full-year 2025 guidance for revenue and adjusted EBITDA, indicating continued operational progress [1][10] Financial Performance - Adjusted EPS (Non-GAAP) for Q2 2025 was $0.37, up from $0.25 in Q2 2024, reflecting a 48.0% increase [2] - GAAP revenue for Q2 2025 was $761.5 million, compared to $667.8 million in Q2 2024, marking a 14.0% increase [2] - Adjusted EBITDA reached $211.0 million, a 21.6% increase from $173.5 million in Q2 2024 [2] - Net income (GAAP) was $72.1 million, up 36.6% from $52.8 million in Q2 2024 [2] - Free cash flow (non-GAAP) was $112.5 million, influenced by $138.8 million from property sale-leaseback activity [5] Membership and Revenue Drivers - Membership dues and enrollment fees accounted for approximately 71.7% of total center revenue [6] - Average revenue per center membership increased by 11.8% to $888, driven by price increases and higher adoption of in-center services [6] - Comparable center revenue grew 11.2% year-over-year, supported by new club openings and increased in-center participation [6] Operational Strategy - Life Time focuses on boosting revenue per member and targeting higher-income demographics while expanding its center network [4] - The company employs an asset-light growth model, leasing most new centers to reduce risk and enable steady expansion [8] - Management emphasized the importance of maximizing member engagement and delivering a superior in-center experience [4] Future Outlook - Life Time raised its full-year 2025 revenue guidance to between $2.955 billion and $2.985 billion, with adjusted EBITDA targeted between $805 million and $815 million [10] - The company forecasts comparable center revenue growth of 9.5% to 10.0%, an increase from previous expectations [10] - Plans to open 10 new centers this year while maintaining net debt leverage below 2.0x [10]