Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. alleging securities fraud that negatively impacted investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could significantly harm the Company's business and financial results [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Next Steps for Investors - Investors who suffered losses in NET Power, Inc. during the specified timeframe have until June 17, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securing compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - A class action securities lawsuit has been filed against NET Power, Inc. alleging securities fraud that affected investors between June 9, 2023, and March 7, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and site-specific challenges [2]. - Defendants' projections regarding the time and capital needed to complete Project Permian were deemed unrealistic, which could negatively impact the Company's business and financial results [2]. - Public statements made by the defendants were materially false and misleading throughout the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until June 17, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Financial Data and Key Metrics Changes - The meeting discussed the preliminary voting results, indicating that all three nominees were elected to the board as class three directors, and the proposal for the ratification of KPMG LLP as the independent registered public accounting firm for the year ending 12/31/2025 passed [13] - The compensation of the company's named executive officers was also approved [13] Business Line Data and Key Metrics Changes - No specific data or metrics related to individual business lines were provided during the meeting Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting Company Strategy and Development Direction and Industry Competition - The company emphasized the importance of forward-looking statements and acknowledged the risks and uncertainties that could impact future performance, including adverse macroeconomic conditions and geopolitical tensions [10][11] Management's Comments on Operating Environment and Future Outlook - Management highlighted that actual results may differ significantly from projected outcomes due to various risks, urging stakeholders to review cautionary statements in SEC filings [10][11] Other Important Information - The meeting was conducted virtually, and stockholders were reminded to submit questions relevant to the proposals [5][6] - The voting polls were open during the meeting, and stockholders were encouraged to vote [9] Q&A Session Summary Question: Were there any questions submitted during the meeting? - No questions were submitted during the meeting [11][12]

Core Viewpoint - A class action lawsuit has been filed against NET Power Inc. for allegedly making false or misleading statements regarding its Project Permian, which is now expected to be delayed and more costly than previously indicated [3][4]. Group 1: Class Action Details - The class action represents investors who purchased NET Power securities between June 9, 2023, and March 7, 2025, with a deadline to file a lead plaintiff motion by June 17, 2025 [1]. - The lawsuit claims that NET Power was unlikely to complete its Project Permian on schedule and that the project would incur significantly higher costs due to supply chain constraints and other challenges [3]. Group 2: Financial Impact - Following the announcement of a delay in the Project Permian timeline on November 14, 2023, NET Power's stock price fell by over 18% [4]. - The company added a 12-month cushion to its project schedule, with initial power generation now expected between the second half of 2027 and the first half of 2028, delaying the original 2026 start date [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian's timeline and costs, which have negatively impacted the company's stock price and investor confidence [2][4]. Group 1: Company Performance and Financials - NET Power's stock price fell by $2.47 per share, or 18.54%, closing at $10.85 on November 14, 2023, following the announcement of a significant delay in Project Permian's operational timeline [6]. - On March 10, 2025, NET Power disclosed that Project Permian's total installed cost is now estimated to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, and the project is now expected to come online no earlier than 2029 [7]. - The company ended 2024 with $533 million in cash, down from $580 million, primarily due to operating cash outflows and capital expenditures [7]. Group 2: Project Permian Updates - The company announced a 12-month cushion in its expected schedule for Project Permian, now anticipating initial power generation between the second half of 2027 and the first half of 2028, a significant delay from the original 2026 target [5]. - The complaint alleges that NET Power and its executives failed to disclose the likelihood of delays and increased costs associated with Project Permian due to supply chain issues and other challenges [4]. Group 3: Management Changes - On April 15, 2025, NET Power announced the departure of its President and COO, as well as its CFO, effective May 1, 2025, which led to a further decline in stock price by $0.13 per share, or 5.75%, closing at $2.13 on April 16, 2025 [8].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased NET Power Inc. securities between June 9, 2023, and March 7, 2025, of the upcoming lead plaintiff deadline on June 17, 2025, for a class action lawsuit related to misleading statements made by the company [1][2]. Group 1: Class Action Details - Investors who bought NET Power securities during the specified Class Period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 17, 2025 [2]. Group 2: Allegations Against NET Power - The lawsuit alleges that NET Power made false and misleading statements regarding Project Permian, indicating that the project was unlikely to be completed on schedule and would be significantly more expensive due to supply chain issues and site-specific challenges [3]. - It is claimed that the projections regarding the time and capital needed for Project Permian were unrealistic, which could negatively impact NET Power's business and financial results [3]. - The lawsuit asserts that the public statements made by NET Power were materially false and misleading, leading to investor damages when the true details became known [3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in this area [4]. - The firm has been recognized for securing significant settlements for investors, including over $438 million in 2019 alone, and has consistently ranked highly in securities class action settlements since 2013 [4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NET Power Inc. due to allegations of misleading statements regarding Project Permian's timeline and costs, which have led to significant stock price declines for the company [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that NET Power and its executives violated federal securities laws by making false statements about the completion schedule and costs of Project Permian, which were impacted by supply chain issues and site-specific challenges [4]. - NET Power's stock price fell by $2.47 per share, or 18.54%, to close at $10.85 per share on November 14, 2023, following the announcement of a significant delay in the project timeline [6]. - On March 10, 2025, NET Power announced that the total installed cost for Project Permian is now estimated to be between $1.7 billion and $2.0 billion, up from a previous estimate of $1.1 billion, and the project is now expected to come online no earlier than 2029, causing the stock price to drop by $2.18 per share, or 31.46%, to close at $4.75 per share [7]. Group 2: Management Changes and Further Declines - Following the announcement of executive departures, including the President and COO, NET Power's stock price fell by $0.13 per share, or 5.75%, to close at $2.13 per share on April 16, 2025 [8]. - The firm encourages investors who suffered losses to contact them directly to discuss their legal options and reminds them of the June 17, 2025 deadline to seek the role of lead plaintiff in the class action [2][10].

NEW YORK, May 30, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in NET Power, Inc. ("NET Power, Inc." or the "Company") (NYSE: NPWR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of NET Power, Inc. investors who were adversely affected by alleged securities fraud between June 9, 2023 and March 7, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/net-power-inc-lawsuit-subm ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NET Power, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from June 9, 2023, to March 7, 2025 [1][3]. Summary by Relevant Sections Allegations - The complaint alleges that NET Power was unlikely to complete its first utility-scale plant, Project Permian, on schedule and that the project would be significantly more expensive than previously represented due to supply chain issues and various site-specific challenges [3]. - It is claimed that the projections regarding the time and capital needed to complete Project Permian were unrealistic [3]. - The increased time and capital requirements for Project Permian are expected to negatively impact the company's business and financial results [3]. - As a result, the public statements made by the defendants were materially false and misleading throughout the relevant period [3]. Class Action Details - The class period for the lawsuit is defined as June 9, 2023, to March 7, 2025 [3]. - Shareholders are encouraged to register for the class action by June 17, 2025, to potentially be appointed as lead plaintiffs [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who incurred losses from misleading statements or omissions that led to artificial inflation of stock prices [5].

Core Insights - Luca Mining Corp. reported strong financial results for Q1 2025, with net earnings of $4.5 million, EBITDA of $7.6 million, and free cash flow of $11.7 million before working capital adjustments [1][2]. Financial Performance - The company achieved record revenues of over $47.4 million, representing a 117% increase compared to the same quarter in the previous year [4]. - Positive EBITDA was reported at $7.6 million, with adjusted EBITDA reaching $12.7 million [4]. - Free cash flow before working capital items increased significantly to $11.7 million [4]. - The all-in sustaining cost (AISC) per gold equivalent ounce sold was controlled at $2,251, reflecting only a 9% increase from the prior year despite inflationary pressures [4]. Production Metrics - Consolidated gold equivalent production reached 21,293 ounces, a 51% increase compared to Q1 2024, driven by higher throughput and improved head grades at both mines [4]. - Gold production specifically increased by 79% to 7,677 ounces, with silver and zinc production rising by 69% and 71%, respectively [4]. - The Campo Morado mine processed 175,334 tonnes, a 40% increase, while Tahuehueto more than doubled its throughput to 70,948 tonnes [4]. Exploration and Development - Drilling activities are ongoing at both Campo Morado and Tahuehueto mines to delineate additional near-mine resources and test district-scale potential [3][6]. - Significant discoveries include a new high-grade breccia mineralized shoot at Tahuehueto, with drill results indicating 9.4m of 5.21 g/t AuEq [7][8]. - The company has completed 19 underground drillholes as part of a 5,000m Phase 1 program targeting near-mine resource expansion [5][9]. Debt Management and Cash Position - Since January 1, 2025, the company has paid down $8.4 million against its debt facilities, resulting in a current debt balance of $8.5 million [11]. - Luca's total cash and cash equivalents, including silver bullion, stand at $24.6 million, indicating strong cash flow from operations [11]. Market Position and Index Inclusion - Luca Mining Corp. has been added to the Solactive Global Copper Miners Total Return Index, effective May 1, 2025, enhancing its market visibility [13]. - The company is well-positioned to benefit from strong commodity demand with a diversified metal production profile and expanding production levels [12].