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Discovery Announces Positive Drilling Results from All Operations at Porcupine Complex
Globenewswire· 2025-11-07 00:18
Core Insights - Discovery Silver Corp. reported initial results from four key exploration projects at the Porcupine Complex, including Hoyle Pond Mine, Borden Mine, Pamour Mine, and Owl Creek, with a total of 85 holes drilled over 27,640 meters [1][2] - The drilling programs at Dome Mine and TVZ Zone were also initiated, which are expected to significantly enhance production from the Porcupine Complex [1] Exploration Results - Multiple high-grade intersections were reported at Owl Creek, with significant results including 4.08 gpt over 16.3m and 5.58 gpt over 5.2m [3][31] - At Hoyle Pond, notable intercepts included 23.95 gpt over 7.1m and 86.09 gpt over 2.1m, indicating substantial gold presence [4][12] - Borden Mine drilling revealed high-grade intersections such as 11.48 gpt over 5.2m and 9.41 gpt over 12.6m, showcasing the potential for resource expansion [15][18] - Pamour Mine results included 1.44 gpt over 104.6m and 3.42 gpt over 19.9m, highlighting the opportunity for resource conversion and expansion [21][24] Project Development - The Dome Mine redevelopment is seen as a game changer, with plans for 7,500 meters of drilling to update the existing 11.0 million ounce inferred mineral resource [8][34] - The TVZ Project is targeting a minimum of 25,000 meters of new drilling by early 2026, aiming for an initial NI 43-101 resource estimate [42][43] Company Strategy - The company aims to convert and expand inferred resources at its various sites, with ongoing drilling programs designed to identify new mineralization [7][19] - The exploration strategy includes evaluating attractive targets and extending drilling to greater depths, particularly at the Hoyle Pond and Borden sites [14][20]
Silver Added to USGS 2025 List of Critical Minerals
Globenewswire· 2025-11-06 23:32
Apollo Silver is Advancing the Second Largest Primary Silver Asset in the USVANCOUVER, British Columbia, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF) is pleased to announce that the US Department of the Interior has added 10 minerals, including silver, to the US Geological Survey (“USGS”) 2025 List of Critical Minerals. For the first time, silver is recognized as having growing importance to US economic and national securit ...
Swvl Received Nasdaq Notification Regarding Minimum Market Value Deficiency
Globenewswire· 2025-11-06 23:24
Core Points - Swvl Holdings Corp received a notice from Nasdaq regarding non-compliance with Listing Rule 5550(b)(2), which requires a minimum market value of publicly held shares of $35 million [1] - The company has until April 29, 2025, to regain compliance by maintaining the required market value for at least 10 consecutive business days [1] - The company intends to monitor its market value and may consider options to regain compliance, although there is no assurance of success [2] Company Overview - Swvl is a leading provider of technology-driven mobility solutions for enterprises and governments, utilizing real-time data and advanced technology to offer reliable and sustainable transportation solutions [3]
Cavvy Releases Q3 2025 Financial and Operating Results, Executes Forward Price Agreement for 2026 Sulphur Sales, and Increases 2025 Guidance
Globenewswire· 2025-11-06 23:11
Record Third Party Processing, Robust Hedging Gains Drive Strong Cash Flow and Net Debt ReductionNot For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce the release of its third quarter 2025 financial and operating results. The Company produced 23,956 boe/d and generated Net Operating Income1 (“NOI”) of $30.6 million during the third quarter of ...
Faraday Future Engages Global Entrepreneur, Investor and Government Relationship Architect, Shahryar Oveissi, as a Global Strategic Advisor
Globenewswire· 2025-11-06 23:05
Faraday Future Engages Global Entrepreneur, Investor and Government Relationship Architect, Shahryar Oveissi, as a Global Strategic Advisor Faraday Future Founder and Global Co-CEO YT Jia (R) congratulates Shahryar Oveissi (L) on becoming a global strategic advisor for Faraday Future. Faraday Future Engages Global Entrepreneur, Investor and Government Relationship Architect, Shahryar Oveissi, as a Global Strategic Advisor Faraday Future Engages Global Entrepreneur, Investor and Government Relation ...
MediciNova Wins Contract Research and Development Innovation Award at 2025 BioTech Breakthrough Awards
Globenewswire· 2025-11-06 23:00
LA JOLLA, Calif., Nov. 06, 2025 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ:MNOV) and the Standard Market of the Tokyo Stock Exchange (Code Number: 4875), announces that the company has been selected as a winner of the “Contract Research and Development Innovation Award” at the Fifth Annual BioTech Breakthrough Awards. MediciNova earned this recognition for its innovative work advancing MN-166 (ibudilast), the company’s lead small molecule dru ...
Orange: Orange successfully completes a bond issuance in 5 tranches for a total amount of 5 billion euros
Globenewswire· 2025-11-06 22:59
Press releaseParis, 6 november 2025 Not for distribution in the United States of America Orange successfully completes a bond issuance in 5 tranches for a total amount of 5 billion euros Orange has successfully issued bonds in euros in 5 tranches for a nominal amount of 5 billion euros: €750 million maturing in 3 years with an annual coupon of 2.5%€1 billion maturing in 6 years with an annual coupon of 3.125%€1.375 billion maturing in 9 years with an annual coupon of 3.5%€1.375 billion maturing in 12.5 year ...
Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes
Globenewswire· 2025-11-06 22:48
HOUSTON, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Targa Resources Corp. (“Targa” or the “Company”) (NYSE: TRGP) announced today the pricing of an underwritten public offering (the “Offering”) of $750 million aggregate principal amount of its 4.350% Senior Notes due 2029 and $1.0 billion aggregate principal amount of its 5.400% Senior Notes due 2036 at a price to the public of 99.938% and 99.920% of their face value, respectively. The Offering is expected to close on November 12, 2025, subject to the satisfaction o ...
Xanadu Advances to Stage B of DARPA’s Quantum Benchmarking Initiative, Securing up to $15 Million in Funding
Globenewswire· 2025-11-06 22:45
Company to deliver strategic roadmap to fault tolerant, utility-scale photonic quantum computingTORONTO, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Xanadu Quantum Technologies Inc. (“Xanadu”), a leading photonic quantum computing company, today announced it has advanced to Stage B of DARPA’s Quantum Benchmarking Initiative (“QBI”). This progress positions the company alongside a select few organizations who are demonstrating a credible path toward utility-scale quantum computing and reinforces Xanadu’s photonic quan ...
Maxim Power Corp. Announces 2025 Third Quarter Financial and Operating Results
Globenewswire· 2025-11-06 22:35
Core Insights - Maxim Power Corp. reported its financial and operating results for Q3 2025, showing a revenue increase compared to Q3 2024, primarily due to higher realized power prices despite lower generation volumes [1][3] - The company experienced a decrease in adjusted EBITDA and net income for the first nine months of 2025 compared to the same period in 2024, attributed to lower realized power prices and lower generation volumes [4] Financial Highlights - Q3 2025 revenue was CAD 27,228,000, up from CAD 25,659,000 in Q3 2024, while revenue for the first nine months of 2025 was CAD 68,907,000, down from CAD 77,434,000 in 2024 [2] - Net income for Q3 2025 was CAD 10,620,000, slightly down from CAD 10,744,000 in Q3 2024, and for the first nine months, it decreased to CAD 14,272,000 from CAD 22,287,000 in 2024 [2][4] - Adjusted EBITDA for Q3 2025 was CAD 11,387,000, down from CAD 12,675,000 in Q3 2024, and for the first nine months, it decreased to CAD 22,806,000 from CAD 32,884,000 in 2024 [2][4] Operating Results - The increase in revenue for Q3 2025 was primarily due to higher realized power prices, which averaged CAD 59.94 per MWh compared to CAD 55.11 per MWh in Q3 2024, while total generation decreased to 454,253 MWh from 465,584 MWh [2][3] - For the first nine months of 2025, the average realized power price was CAD 53.68 per MWh, down from CAD 59.21 per MWh in 2024, contributing to the overall revenue decline [2][4] Non-GAAP Financial Measures - Adjusted EBITDA is used by management to evaluate the company's operating cash flows before finance expenses, income taxes, depreciation, and amortization, providing insights into performance trends [5][6] - Free cash flow for Q3 2025 was CAD 6,609,000, down from CAD 15,062,000 in Q3 2024, indicating a decrease in cash available for growth initiatives and shareholder returns [10] Company Overview - Maxim Power Corp. is one of Canada's largest independent power producers, focusing on power projects in Alberta, with its core asset being the 300 MW H.R. Milner Plant [12]