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American Battery Technology Company Appoints Energy Sector Financial Executive Lavanya Balakrishnan to Board of Directors
Globenewswire· 2025-09-05 12:24
Core Viewpoint - American Battery Technology Company (ABTC) has appointed Lavanya Balakrishnan, a seasoned financial executive in the energy sector, to its Board of Directors effective September 16, 2025, to enhance its strategic leadership and financial expertise in the evolving energy landscape [1][6][12]. Group 1: Appointment Details - Lavanya Balakrishnan brings over 20 years of experience in corporate finance, strategic advisory, mergers and acquisitions, and credit risk management within the energy sector [2][17]. - Balakrishnan currently serves as Vice President of Credit at Constellation Energy, overseeing credit functions and developing credit strategies aligned with the company's objectives [4][5]. - She previously spent 17 years at Morgan Stanley as Managing Director in the Global Power, Utilities, and Renewables Group, advising on M&A, strategic advisory, and complex financings [5][6]. Group 2: Strategic Importance - CEO Ryan Melsert emphasized the critical need for expertise in power generation and energy sectors to support the company's industrial facility buildout and operational expansion [3][4]. - Balakrishnan's appointment is expected to drive ABTC's long-term vision and commercial initiatives, particularly in the domestic battery critical minerals industry [7][9]. - The company is committed to a circular supply chain for battery metals, aiming to meet the growing demand from electric vehicles and other sectors [9]. Group 3: Board Changes - Sherif Marakby, a current board member, will step down effective September 15, 2025, as part of the board's succession plan for independent directors [7][8]. - The board expressed appreciation for Marakby's contributions over the past two years, highlighting his role in advancing the company's commercial scale operations [8][9].
Green Rain Energy Holdings Inc. (OTC: GREH) Announces Negotiations for Landmark Renewable Energy Development in Southern California
Globenewswire· 2025-09-05 12:15
Core Insights - Green Rain Energy Holdings Inc. is in advanced negotiations for a significant renewable energy project in Southern California, focusing on a next-generation solar energy installation [1][2] - The project aims to integrate renewable energy production with community amenities, creating a unique eco-retreat and wellness hub [3][4] - California's goal of achieving 100% renewable energy by 2050 positions this project within a rapidly growing market for distributed renewable power [3][4] Project Details - The solar energy installation will be located on a 4.2-acre property in San Diego County, owned by a prominent African American author committed to sustainability [2] - The development will include resort-style accommodations, organic farming, recreational amenities, and teaching kitchens, all powered by renewable energy [3][5] - The project is designed to showcase how renewable energy can support modern living, economic opportunity, and environmental responsibility [5] Strategic Importance - The initiative aligns with California's clean-energy mandate and aims to uplift communities while generating economic returns [4] - The property will also feature additional developments such as off-grid tiny homes for short-term rental and facilities for medical professionals, enhancing community empowerment [4] Future Outlook - While negotiations are ongoing, no definitive agreements have been reached yet, but management views this as a potential catalyst for substantial growth opportunities [6] - The project is expected to position Green Rain at the forefront of the clean-energy transition in a competitive market [4]
Magna Mining Announces Brokered LIFE Offering of Common Shares for Gross Proceeds of up to $45 Million
Globenewswire· 2025-09-05 12:08
Core Viewpoint - Magna Mining Inc. has announced a private placement offering of up to 18,750,000 common shares at a price of $2.40 per share, aiming to raise up to $45 million to advance its properties and for general expenses [1][5]. Group 1: Offering Details - The offering will be conducted by Canaccord Genuity Corp. as the lead agent, with a syndicate including Desjardins Securities Inc. and SCP Resource Finance LP [1]. - An additional option allows the agents to sell up to 2,083,300 shares for up to $4,999,920 in gross proceeds [1]. - The offering is subject to conditions including regulatory approvals and is expected to close around September 19, 2025 [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to advance the company's existing properties in Sudbury, Ontario, and for general administrative expenses and working capital [5]. Group 3: Company Overview - Magna Mining Inc. operates in the Sudbury mining district of Ontario, Canada, focusing on copper, nickel, and platinum group metals [8]. - The company's primary asset is the McCreedy West Mine, which is currently in production, supported by other past-producing properties [8]. - The company aims to unlock long-term shareholder value through production, exploration, and development opportunities [9].
24/7 Market News: Kraig Labs Fibers are 5X Stronger Than Steel, Tougher than Kevlar, and Biodegradable
Globenewswire· 2025-09-05 12:05
Core Insights - Kraig Biocraft Laboratories is nearing its first commercial sale of recombinant spider silk, a significant milestone for the company and the industry [1][6] - The proprietary BAM-1 recombinant spider silk is five times stronger than steel by weight, tougher than Kevlar, lighter than carbon fiber, and fully biodegradable, showcasing its exceptional properties [2][7] - The company has opened two new rearing centers in Southeast Asia, enhancing production capabilities and establishing infrastructure for year-round output [3][5] Production and Commercialization - Kraig Labs has completed one-third of the volume required for its first commercial order from a European luxury fashion house, indicating strong demand [4][6] - Ongoing discussions with a top global sportswear brand and a major athletic equipment producer suggest further integration of spider silk into high-profile products [4][6] - The establishment of separate rearing centers is part of a strategy to create a reliable and scalable supply chain to meet the growing demand for spider silk [5][6] Technological Advancements - Recent advancements include a record automated reeling run of over 250 kilograms of cocoons, optimizing the unique properties of spider silk [3][6] - The company’s focus on advanced facilities and automated processes positions it well for large-scale commercial production [5][6] - The anticipated completion of the first commercial sale is expected to launch spider silk into various industries, including defense, aerospace, textiles, and medical applications [6]
24/7 Market News: Everything's Bigger in Texas
Globenewswire· 2025-09-05 12:05
Core Insights - VENU has commenced construction on its $300 million Sunset Amphitheater in McKinney, Texas, which aims to be the most luxurious venue of its kind, featuring a capacity of 20,000 guests and high-end amenities [1] - Institutional investors are increasingly recognizing VENU's potential, with analysts from Cenorium Capital and Northland Securities providing strong buy ratings and raising price targets [2] - The amphitheater project is projected to generate over $3 billion in economic impact within the first decade, attracting interest from municipalities nationwide [4] Company Developments - VENU's municipal pipeline includes 38 communities in discussions for new projects, with each development agreement potentially adding $150 to $300 million to the company's balance sheet [5] - The company has a clear funding strategy involving public-private partnerships, FireSuite sales, and sale-leaseback arrangements, with significant capital raises already achieved [6] - LuxeFire Suite receivables are expected to reach $200 million in 2025, and a sale-leaseback opportunity is projected to generate $188 million in Q4 2025 [7] Long-Term Vision - By 2030, VENU plans to operate 25 amphitheaters and 15 indoor entertainment complexes, aiming for over 20 million annual tickets sold and more than $2 billion in gross ticket sales [8] - The company is building a national network of premium amphitheaters, supported by partnerships with industry leaders like AEG and Aramark, and an active development pipeline exceeding $5 billion [10]
Youxin Technology Ltd Announces Pricing of $6.0 Million Underwritten Public Offering
Globenewswire· 2025-09-05 12:00
GUANGZHOU, CHINA, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Youxin Technology Ltd (NASDAQ: YAAS) (the “Company”), a software as a service (“SaaS”) and platform as a service (“PaaS”) provider committed to helping retail enterprises digitally transform their businesses, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $6.0 million, before deducting underwriting fees and other offering expenses payable by the Company. The off ...
Abacus Global Management Announces Upcoming Conference Participation
Globenewswire· 2025-09-05 12:00
ORLANDO, Fla., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today announced its participation in two upcoming investor conferences in September 2025. The Company will attend the B. Riley Securities 8th Annual Consumer & TMT Conference on September 10, 2025, at the Sofitel New York in New York City. Chief Operating Officer Elena Plesco and Senior Vice President of Investor Relations and Corpora ...
CERo Therapeutics Receives FDA Fast Track Designation for CER-1236 in Acute Myeloid Leukemia (AML)
Globenewswire· 2025-09-05 12:00
Regulatory milestone adds to its existing Orphan Drug Designation, creating additional regulatory and financial advantages for the Company’s lead cancer immunotherapy program SOUTH SAN FRANSCISCO, Calif., Sept. 05, 2025 (GLOBE NEWSWIRE) -- CERo Therapeutics Holdings, Inc., (Nasdaq: CERO) (“CERo” or the “Company”) an innovative cellular immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, announces that the U.S. Food and Drug Admini ...
Alpha Modus Files Patent Infringement Lawsuit Against Creative Realities, Inc., Reinforcing Its Leadership in AI-Driven Retail Innovation
Globenewswire· 2025-09-05 12:00
CORNELIUS, N.C., Sept. 05, 2025 (GLOBE NEWSWIRE) -- Alpha Modus, Corp., a subsidiary of Alpha Modus Holdings Inc. (NASDAQ: AMOD) (“Alpha Modus” or the “Company”), today announced that it has filed a patent infringement lawsuit against Creative Realities, Inc. (“CRI”) in the United States District Court for the Eastern District of Texas, Marshall Division. The complaint asserts infringement of five of Alpha Modus’s foundational patents: U.S. Patent Nos. 10,360,571; 10,853,825; 10,977,672; 11,042,890; and 11, ...
Hurco Reports Third Quarter Results For Fiscal Year 2025
Globenewswire· 2025-09-05 12:00
INDIANAPOLIS, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2025. Hurco recorded a net loss of $3,693,000, or $0.58 per diluted share, for the third quarter of fiscal year 2025, compared to a net loss of $9,596,000, or $1.47 per diluted share, for the corresponding period in fiscal year 2024. These net losses for the third quarter of fiscal years 2025 and 2024 included non-cash tax valuation allowances of $1,639,000 ...