Company Updates - Sirios Resources Inc. has granted 100,000 stock options to its Chief Financial Officer and Secretary, with an exercise price of $0.055 per share and a duration of five years [1] - The company will participate in the 93rd annual PDAC Convention from March 2 to March 5, 2025, at the Metro Toronto Convention Centre [2][4] - Sirios' technical team and management will be available at their booth during the convention, and CEO Dominique Doucet will present on March 4 at 3:19 p.m. during the Gold 3 Session [3]

Revenue and Income - Fourth quarter 2024 revenue reached $96 million, a 28% increase sequentially from Q3 2024, driven by the full quarter contribution from Solaris Power Solutions following the acquisition of Mobile Energy Rentals LLC[4] - Net income for the fourth quarter 2024 was $14 million, translating to $0.19 per diluted Class A share, while adjusted pro forma net income was $7 million, or $0.12 per fully diluted share[4] - Net income for the year ended December 31, 2024, was $28,918,000, a decrease of 25.6% from $38,775,000 in 2023[20] - Total revenues for the year ended December 31, 2024, reached $313,091,000, an increase of 6.9% compared to $292,947,000 in 2023[24] - Adjusted pro forma net income for the year ended December 31, 2024, was $24,888,000, down from $37,457,000 in 2023, a decrease of approximately 33%[37] - Adjusted pro forma earnings per diluted share for the year ended December 31, 2024, was $0.50, compared to $0.83 in 2023, representing a decline of about 40%[37] EBITDA and Adjusted EBITDA - The company anticipates first quarter 2025 Total Adjusted EBITDA to be between $44 million and $48 million, and second quarter Total Adjusted EBITDA to be between $50 million and $55 million[4] - Fourth quarter 2024 Segment Adjusted EBITDA for Solaris Power Solutions was $24 million, expected to grow sequentially with an increase in MW capacity[8] - Adjusted EBITDA for the year ended December 31, 2024, was $103,102,000, up 6.5% from $96,693,000 in 2023[24] - EBITDA for the year ended December 31, 2024, was $95,949,000, up from $86,087,000 in 2023, reflecting an increase of approximately 11%[32] - Adjusted EBITDA for the three months ended December 31, 2024, was $37,387,000, compared to $21,322,000 for the same period in 2023, indicating a significant increase of 75%[32] Capital Expenditures and Debt - Capital expenditures in Q4 2024 were approximately $127 million, primarily for power equipment, with net cash used in investing activities around $115 million[4] - Long-term debt increased significantly to $307,605,000 as of December 31, 2024, compared to $30,000,000 in 2023[18] - As of December 31, 2024, Solaris had $325 million in outstanding borrowings and $160 million in total cash, with $46 million restricted for growth capital expenditures[4] Assets and Equity - Total assets increased to $1,122,881,000 as of December 31, 2024, compared to $468,297,000 in 2023, representing a growth of 139.5%[18] - The company reported a total stockholders' equity of $666,729,000 as of December 31, 2024, up from $315,580,000 in 2023[18] Contracts and Capacity - Solaris secured approximately 700 megawatts of new power generation capacity, expected to double the operated fleet to around 1,400 megawatts by the first half of 2027[4] - A new commercial contract for a minimum of 500 megawatts has been established for an initial term of six years to support a new data center construction[4] Shareholder Returns - The company approved a first quarter 2025 dividend of $0.12 per share, marking the 26th consecutive dividend, with a total of $198 million returned to shareholders cumulatively[4] Other Financial Metrics - Cash and cash equivalents at the end of the period increased to $159,867,000 from $5,833,000 in 2023[20] - The company completed the MER Acquisition, resulting in a net cash outflow of $122,065,000[20] - Stock-based compensation expense for the year ended December 31, 2024, totaled $10,592,000, compared to $7,732,000 in 2023, an increase of approximately 37%[32] - Interest expense for the three months ended December 31, 2024, was $7,392,000, significantly higher than $912,000 for the same period in 2023[32] - The weighted average shares of Class A common stock outstanding for the year ended December 31, 2024, was 29,235,000, compared to 29,693,000 in 2023[37] - The company incurred acquisition-related costs of $4,358,000 for the year ended December 31, 2024[37] Segment Performance - The Solaris Logistics Solutions segment reported a revenue of $62 million in Q4 2024, an 11% decrease from Q3 2024, but is expected to grow in line with system growth in Q1 2025[8] - Solaris Logistics Solutions generated revenues of $274,457,000 for the year ended December 31, 2024, while Solaris Power Solutions contributed $38,634,000[24] Year-over-Year Comparisons - Net income for the three months ended December 31, 2024, was $14,004,000, compared to $6,959,000 for the same period in 2023, representing a 101% increase[32]

Company Overview - Soitec is a world leader in innovative semiconductor materials, with over 30 years of experience in developing cutting-edge products that deliver technological performance and energy efficiency [3] - The company generated sales of €1 billion in the fiscal year 2023-2024 [3] - Soitec serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [3] - The company employs 2,300 individuals from 50 different nationalities across its sites in Europe, the United States, and Asia [3] - Soitec has registered over 4,000 patents [3] Share Capital and Voting Rights - As of January 31, 2025, Soitec has a total of 35,726,462 ordinary shares with a par value of €2.00 each [4] - The total number of theoretical (gross) voting rights is 45,642,048 [4] - The total number of exercisable (net) voting rights is 45,585,990 [4]

Core Insights - Soitec reported consolidated revenue of 226 million Euros for Q3 FY'25, reflecting a 6% decline year-on-year and a 10% decline at constant exchange rates [2][7][8] - The company adjusted its FY'25 revenue guidance to a high single-digit decrease year-on-year due to worsening conditions in the Automotive and Consumer markets [4][23] - The Mobile Communications division showed strong performance, while the Automotive and Industrial division faced significant challenges [3][13] Revenue Breakdown - Mobile Communications revenue reached 154 million Euros, up 11% at constant exchange rates compared to Q3 FY'24, driven by a healthier smartphone market [9][21] - Automotive & Industrial revenue was 25 million Euros, down 47% at constant exchange rates compared to Q3 FY'24, reflecting ongoing difficulties in the automotive market [13][21] - Edge & Cloud AI revenue was 47 million Euros, down 30% at constant exchange rates compared to Q3 FY'24, with varied performance across products [17][19] Market Conditions - The Automotive and Industrial division continues to be impacted by a weak automotive market, leading to inventory adjustments by customers [4][16] - Demand for Photonics-SOI wafers is strong, driven by high investments in cloud infrastructure, while sales of Imager-SOI wafers are declining due to product phase-out [18][19] - The company expects limited growth for FY'26 due to a lack of visibility on end markets [5][25] Strategic Developments - Soitec is enhancing its technology leadership and expanding into compound semiconductors, with significant growth in POI wafer sales [6][11] - The company announced a collaboration with GlobalFoundries for the production of high-performance RF-SOI semiconductors [31] - Soitec continues its research collaboration with MIT to strengthen its presence in the North American semiconductor sector [32]

Core Insights - Soitec, a leader in innovative semiconductor materials, reported on the liquidity contract with BNP Paribas, detailing transactions and balances as of December 31, 2024 [1][12]. Financial Summary - As of December 31, 2024, the liquidity account showed a total of €19,591,223 from 215,838 shares purchased across 3,775 transactions, while 197,982 shares were sold for €17,859,326 across 3,174 transactions [11]. - In the first semester of 2024, Soitec bought 191,207 shares for €23,068,132 and sold 173,247 shares for €20,849,967 [5]. - In the second semester of 2024, a total of 51,934 shares were reported, with 215,838 shares bought for €19,591,223 and 197,982 shares sold for €17,859,326 [5][11]. Company Overview - Soitec has been a key player in the semiconductor value chain for over 30 years, focusing on three main markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [6]. - The company employs approximately 2,300 individuals from 50 different nationalities and holds over 4,000 patents [6]. Upcoming Events - Q3 FY'25 revenue will be published on February 5, 2025, and FY'25 annual results will be released on May 27, 2025 [4]. - The Capital Markets Day is scheduled for May 28, 2025, and the Annual General Meeting will take place on July 22, 2025 [4].

Company Announcement - Soitec appoints Ruth Hernandez as Chief Sales Officer, effective immediately [2] - Ruth Hernandez will join the Executive Committee and be responsible for driving Soitec's commercial success [2] - Ruth Hernandez succeeds Yvon Pastol, who will leave the company on January 31 after leading global Sales since August 2020 [3] Executive Background - Ruth Hernandez brings 25 years of experience in the semiconductor industry, having worked with major companies like Texas Instruments, Maxim Integrated, and GlobalFoundries across five countries [3] - She is expected to play a key role in driving Soitec's long-term growth strategy and strengthening customer networks [3] Executive Statements - Ruth Hernandez expressed excitement about joining Soitec and contributing to its global impact through cutting-edge technologies that combine performance and energy efficiency [4] - Pierre Barnabé, CEO of Soitec, welcomed Ruth Hernandez and thanked Yvon Pastol for his significant contributions to the company [4] Company Overview - Soitec is a world leader in innovative semiconductor materials, with over 30 years of experience in developing cutting-edge products that deliver technological performance and energy efficiency [5] - The company generated sales of 1 billion Euros in fiscal year 2023-2024 and holds over 4,000 patents [5] - Soitec serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [5] - The company employs 2,300 people across Europe, the United States, and Asia, representing 50 different nationalities [5]

Core Viewpoint - Sirios Resources Inc. has confirmed the presence of visible gold in the extension of drill hole 317 at the Cheechoo gold project, indicating potential for further gold resource development [1][2][3]. Group 1: Drilling and Observations - Visible gold was observed in quartz veinlets at depths of 499.5 to 507.5 meters during the recent drilling [2]. - The drilling program began with a planned 100-meter extension of hole 317, which was initially completed at a depth of 397.8 meters [2]. - The hole was further extended to a total depth of 522 meters following the observations of visible gold [2]. Group 2: Strategic Objectives - The primary objectives of the current drill program include gathering data for an upcoming Mineral Resource Estimate (MRE) update and testing high-priority targets identified in a comprehensive data review conducted in summer 2024 [4][7]. - The Cheechoo gold deposit is characterized by multiple gold-enriched zones within a tonalite intrusion, suggesting the potential for additional high-grade zones beyond the 2022 MRE conceptual pit boundaries [4]. Group 3: Mineral Resource Estimate - The most recent MRE reported indicated resources of 1.4 million ounces at an average grade of 0.94 g/t Au and inferred resources of 500,000 ounces at an average grade of 0.73 g/t Au [8]. - The MRE was prepared using a USD 1,650 gold price for an open-pit model, and underground mining scenarios have not been evaluated in this estimate [5][6]. Group 4: Quality Control and Analysis - The drill core was described and sampled at the Cheechoo exploration camp, with samples sent to a certified laboratory for analysis following strict quality assurance and control protocols [10]. - Analytical methods included the Photon Assay method for gold and whole-rock geochemical analysis performed by ICP-MS and ICP-OES on most samples [10].

MONTRÉAL, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) (“Sirios” or the “Company”) is pleased to announce the results of the last two drill holes from Phase 1 of its Fall–Winter 2024–25 drilling program targeting depth extensions of gold mineralization at the Cheechoo project in Eeyou Istchee James Bay, Quebec. As with the first two drill holes of the program (ref.: press release 12/16/2024), gold mineralization was intercepted in holes #319 and #320 at the locations an ...

In Bernin, on January 8, 2025 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES FORMING THE SHARE CAPITAL (Article L. 233-8 II of the French Commercial Code and article 223-16 of the General Regulation of the French financial markets authority (AMF)) Corporate name and address of the company: SOITECParc Technologique des Fontaines - Chemin des Franques 38190 Bernin (FRANCE) Statement date Total number of shares forming the share capital Total number of voting rights 12/31/2024 3 ...

MONTREAL, Dec. 23, 2024 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX-V: SOI) (the "Corporation") announces the closing of the third and final tranche of its non-brokered flow-through private placement (the "Offering"), through the issuance of 600,000 common shares in the capital of the Corporation (the "Shares"), at a price of $0.07 per Share. The aggregate gross proceeds for this third tranche is $42,000. The Shares were issued as "flow-through shares" pursuant to section 66(15) of the Income Tax Act (Ca ...