U.S. accuses India of profiteering from Russian oil
CNBC· 2025-08-19 13:25
Core Viewpoint - The U.S. Treasury Secretary has accused India of profiting from discounted Russian oil imports during the Ukraine war, labeling the practice as "arbitrage" and unacceptable [1]. Group 1: India's Oil Imports - India's imports of Russian oil have significantly increased since the full-scale invasion of Ukraine in February 2022, with India now being Russia's largest customer [2]. - In July, India imported 1.5 million barrels per day (bpd) of Russian oil, according to data from Kpler [2]. - Prior to the invasion, India's imports of Russian crude were minimal [2]. Group 2: Reselling Practices - India is refining the discounted Russian oil into gasoline and diesel and reselling these products to regions that have imposed sanctions on Russia, such as Europe [1]. - This practice has been characterized as "Indian arbitrage" by the U.S. Treasury Secretary, who claims it involves buying cheap Russian oil and reselling it at a profit [1].
Branded Legacy, Inc. Partners with McMaster University: Revolutionizing Addiction Treatment Through Cutting-Edge Clinical Research and Regulatory Pathways
Globenewswire· 2025-08-19 13:17
Acquisition Poised to Accelerate Life-Saving Interventions, Combining Academic Excellence with Real-World Innovation to Address Global Addiction Crises and Unlock Multi-Billion Market OpportunitiesVANCOUVER, British Columbia, Aug. 19, 2025 (GLOBE NEWSWIRE) -- via IBN -- Branded Legacy, Inc. (OTC: BLEG), a leading diversified holdings company dedicated to pioneering health and wellness solutions, today announced a groundbreaking strategic partnership between its wholly-owned subsidiary, Bio-Legacy Evaluative ...
Notice on Convening an Extraordinary General Meeting of Shareholders of EPSO-G
Globenewswire· 2025-08-19 13:15
In accordance with the initiative and decision of the Board of New Energy Group EPSO-G (legal entity code 302826889, registered address Laisvės pr. 10, Vilnius, Lithuania) the Extraordinary General Meeting of EPSO-G shareholders is convened. Reasons and purposes for calling the meeting: The Board of UAB EPSO-G decided to invest EUR 18,643,560 in UAB EPSO-G Invest, a subsidiary of UAB EPSO-G, by increasing its authorized capital; to increase the number of shares held by UAB EPSO-G in UAB EPSO-G Invest from 1 ...
Cycurion, Inc. to Host Business Update Conference Call August 19, 2025 at 5:00PM EDT
Globenewswire· 2025-08-19 13:15
MCLEAN, Va., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a premier cybersecurity and IT solutions provider will be conducting a Business Update conference call on Tuesday, August 19, 2025 at 5:00PM EDT. Webcast and Conference CallDate/Time: Tuesday, August 19 @ 5:00 PM ETWebcast: https://edge.media-server.com/mmc/p/5c7ud2y6/Dial-in Link: https://register-conf.media-server.com/register/BIcc94d8743fc3448c9f89e78a2c072065 Participants are encouraged to pre-reg ...
Norsemont Launches New Website and Updated Investor Deck
Thenewswire· 2025-08-19 13:15
Vancouver, British Columbia – TheNewswire - August 19th, 2025 – Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce the launch of a redesigned corporate website and the release of an updated corporate presentation. These enhancements follow the successful completion of the Company’s recent private placement, which received strong support from several new strategic investors, including Rob McEwen, Dr. Quinton Hennigh.The new website features improved nav ...
Fitzroy Minerals Reports Multiple Step-Out Copper Intercepts at Buen Retiro, Chile
Thenewswire· 2025-08-19 13:15
Vancouver, British Columbia – TheNewswire - August 19, 2025 – Fitzroy Minerals Inc. (TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy” or the “Company”) is pleased to provide an exploration update from its ongoing 8,000 metre (“m”) Phase 2 drilling program at the Buen Retiro Copper Project, Copiapó, Chile (“Buen Retiro” or the “Project”). Today’s release reports assay results from diamond drill holes 211, and 23 to 27 which are all located in the Southwest Area of the Project. Copper mineralization was intersected in al ...
Recreatives Industries (OTC: RECX) Secures $2 Million Dealer Direct Floor Plan to Accelerate MAX ATV Dealer Expansion Nationwide
Globenewswire· 2025-08-19 13:15
Financing facility lowers entry barriers for new MAX ATV dealers, enhances stocking power for existing dealers, and positions Recreatives to rapidly scale its U.S. and Canadian distribution networkBRADENTON, Fla., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Recreatives Industries, Inc. (OTC: RECX) (“Recreatives” or the “Company”), manufacturer of the legendary MAX 6x6 Amphibious All-Terrain Vehicles, today announced that it has been approved for a $2 million floor plan financing facility with Dealer Direct, a leading ...
SFL - Second Quarter 2025 Results Presentation
Globenewswire· 2025-08-19 13:05
Core Insights - The company is set to present its preliminary second quarter results on August 19, 2025 [1] Group 1 - The presentation of the second quarter results is enclosed in the provided link [1] - The attachment includes the detailed results presentation for the second quarter of 2025 [2]
LM Funding America Raises $23 Million Direct Investment to Accelerate Bitcoin Treasury Strategy
Globenewswire· 2025-08-19 13:05
Core Viewpoint - LM Funding America, Inc. has successfully raised approximately $23.0 million through a registered direct offering and a private placement, primarily aimed at enhancing its Bitcoin treasury holdings [1][2][4]. Group 1: Capital Raising and Financial Strategy - The company has priced a $12.6 million registered direct offering and closed a $10.4 million private placement, with the majority of net proceeds intended for purchasing additional Bitcoin [1]. - The capital raise positions the company closer to unlocking additional capital-raising flexibility with the balance of its $150 million shelf registration [1]. - Bruce Rodgers, Chairman and CEO, emphasized that the offerings strengthen the balance sheet and facilitate future capital raising, aiming to create long-term shareholder value [4]. Group 2: Bitcoin Treasury and Mining Operations - LM Funding launched its Bitcoin treasury strategy in 2021 and expanded into Bitcoin mining operations in 2022, accumulating 150 Bitcoin and establishing a path to 26 megawatts of owned mining capacity [2]. - The mining operations segment is currently profitable on an operating income basis, helping to offset public company overhead while contributing incremental Bitcoin to the treasury [2]. - The company plans to acquire an 11 MW mining site in Columbus, Mississippi, which is expected to enhance its low-cost mining capacity and vertically integrated approach [3]. Group 3: Company Background - LM Funding America, Inc. operates as a Bitcoin treasury, mining, and technology-based specialty finance company, founded in 2008 and based in Tampa, Florida [7].
INVL Renewable Energy Fund I-managed REFI Sun raised EUR 15 million through public bond offering
Globenewswire· 2025-08-19 13:04
Core Insights - REFI Sun, part of the INVL Renewable Energy Fund I, successfully completed a public bond placement of EUR 15 million aimed at financing renewable energy projects in Poland and Romania [1][2][3] Group 1: Bond Offering Details - The bond offering raised EUR 15 million, with total demand reaching EUR 15.636 million from 567 investors [2][6] - The bonds have a 2.5-year maturity with an annual interest rate of 8.5%, payable quarterly, and a minimum investment amount of EUR 1,000 [6] - Institutional investors acquired 57.75% of the bonds, while retail investors received 42.25% [6] Group 2: Project Financing and Development - Proceeds from the bond will finance a portfolio of solar power projects with a total capacity of 389 MW in Poland and Romania [2][9] - The fund's total investments in these markets are expected to exceed EUR 250 million, with over EUR 90 million already invested as of June 2025 [9][10] - The construction of all solar parks is anticipated to be completed by the end of 2027 [9] Group 3: Market and Investor Confidence - The bond issuance reflects strong investor confidence in the fund's renewable energy initiatives in Poland and Romania [3][5] - The offering allows investors to diversify their portfolios while contributing to sustainable development goals [5] - Increased interest from institutional investors has been noted compared to previous bond offerings [3]