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HBT Financial, Inc. Announces Addition to Board of Directors
Globenewswire· 2026-03-25 11:05
Core Viewpoint - HBT Financial, Inc. has appointed Michael J. Morton to its Board of Directors, effective April 1, 2026, bringing extensive banking experience to the company [1][2]. Group 1: Appointment Details - Michael J. Morton's term will expire at the HBT Financial 2026 Annual Meeting of Stockholders, where he will be eligible for re-election [1]. - Fred L. Drake, Executive Chairman, expressed confidence in Morton's leadership and banking background as a significant asset for the company [2]. Group 2: Background of Michael J. Morton - Morton served as Vice Chair of U.S. Commercial Banking at the Bank of Montreal from 2020 to 2023, focusing on staff development and risk oversight [2]. - He was previously Executive Vice President and Chief Credit Officer of MB Financial from 2014 to 2019 and has nearly 40 years of banking experience [2]. Group 3: Company Overview - HBT Financial, Inc. is headquartered in Bloomington, Illinois, and serves as the holding company for Heartland Bank and Trust Company, with banking roots dating back to 1920 [3]. - The company offers a comprehensive suite of financial products and services through 83 full-service branches across Illinois, eastern Iowa, and suburban St. Louis [3]. - As of December 31, 2025, HBT Financial reported total assets of $5.1 billion, total loans of $3.5 billion, and total deposits of $4.4 billion [3].
Cipher Digital Announces Business Updates
Globenewswire· 2026-03-25 11:05
Core Insights - Cipher Digital Inc. has secured a new 15-year lease for a data center campus with an investment-grade hyperscale tenant, marking its third such agreement [1][2] - The company has closed a revolving credit facility of up to $200 million, with an additional accordion option of up to $50 million, aimed at enhancing liquidity and supporting growth initiatives [3][4] Group 1: New Data Center Campus Lease - The new lease agreement is for an initial term of 15 years and involves the development of a new high-performance computing (HPC) data center at an existing site [1] - This agreement reinforces Cipher's position as a trusted partner for developing high-quality HPC data center infrastructure for leading global companies [2] Group 2: Revolving Credit Facility - The revolving credit facility provides up to $200 million of committed capacity, with a maturity scheduled for March 2030 and an interest rate of SOFR plus 1.25% to 1.75% [3] - The facility is undrawn at the time of closing and is intended to provide non-dilutive capital with enhanced flexibility for scaling the business [4]
Tilray Brands to Announce Third Quarter Fiscal Year 2026 Financial Results on April 1, 2026
Globenewswire· 2026-03-25 11:00
Core Viewpoint - Tilray Brands, Inc. is set to release its financial results for the third fiscal quarter ending February 28, 2026, on April 1, 2026, before market opening [1] Group 1: Financial Results Announcement - The financial results will be announced before the financial markets open on April 1, 2026 [1] - A live conference call and audio webcast will be held at 8:30 AM Eastern Time on the same day to discuss the results [2] Group 2: Company Overview - Tilray is a leading global lifestyle and consumer packaged goods company with operations in multiple regions including Canada, the United States, Europe, Australia, and Latin America [3] - The company focuses on the cannabis, beverage, wellness, and entertainment sectors, aiming to elevate lives through moments of connection [3] - Tilray supports over 40 brands in more than 20 countries, offering a range of products including cannabis offerings, hemp-based foods, and craft beverages [3]
Verano to Report First Quarter 2026 Financial Results on April 30, 2026
Globenewswire· 2026-03-25 11:00
Core Viewpoint - Verano Holdings Corp. is set to release its financial results for the first quarter ending March 31, 2026, on April 30, 2026, before market opening, followed by a conference call to discuss the results [1]. Company Overview - Verano Holdings Corp. is a leading multi-state cannabis company in the U.S., recognized for its historical revenue, geographic reach, and brand performance [2]. - The company operates under the Zen Leaf and MÜV dispensary brands, providing a superior cannabis shopping experience in both medical and adult-use markets [2]. - Verano has a diverse portfolio of trusted consumer brands, including Savvy, Essence, Swift Lifts, HYPHEN, Encore, BITS, Avexia, MÜV, CTPharma, and Verano [2]. - The company has active operations in 13 U.S. states, with 14 production facilities and over 1.1 million square feet of cultivation capacity [2].
NexGold Initiates 30,000-Metre Infill Drill Program at the Goldboro Gold Project in Nova Scotia
Globenewswire· 2026-03-25 11:00
Core Viewpoint - NexGold Mining Corp. has initiated a detailed Reverse Circulation infill drill program at its Goldboro Project in Nova Scotia, aiming to enhance the Mineral Resource classification and support future production plans [1][2][3]. Group 1: Drill Program Details - The RC Infill Drill Program will cover up to 30,000 metres, focusing on specific areas of the Goldboro Deposit with a nominal drill spacing of 12.5 metres and depths of up to 50 metres [1][2]. - The program aims to upgrade Mineral Resources from the Indicated to Measured category, utilizing a drilling technique that closely resembles production drilling [2][3]. - The drill program is expected to continue into Q3 of 2026, with assay results disclosed as they become available [4]. Group 2: Project Development and Feasibility - The drill program is part of several initiatives at the Goldboro Project, including an update to the Feasibility Study that will incorporate additional drill data and updated cost assumptions [4]. - The Feasibility Study will reflect changes in gold prices and operational costs since its completion in 2021 [4]. - The company is also engaged in technical, environmental, engineering, and permitting activities, alongside community engagement efforts [4]. Group 3: Management Commentary - Kevin Bullock, President and CEO, emphasized the importance of the infill drill program in advancing and de-risking the Goldboro Project as the company approaches an investment decision later this year [3]. Group 4: Investor Relations - NexGold has renewed its agreement with Triomphe Holdings Ltd. for investor relations services, with a six-month term for a fee of $60,000 [7].
Beam Therapeutics Announces Compelling Updated Clinical Data from the Ongoing Phase 1/2 Trial of BEAM-302 in Alpha-1 Antitrypsin Deficiency (AATD) to Support Advancement to Pivotal Development
Globenewswire· 2026-03-25 11:00
Core Insights - Beam Therapeutics has announced updated safety and efficacy data from the Phase 1/2 trial of BEAM-302, selecting 60 mg as the optimal biological dose for further development aimed at potential accelerated approval [1][6][7] Group 1: Treatment Efficacy - Treatment with 60 mg of BEAM-302 resulted in a mean steady-state total AAT level of 16.1 µM, with all patients consistently above the protective AAT threshold of 11 µM for up to 12 months [1][5] - The treatment led to a 94% composition of corrected M-AAT in total AAT and an 84% reduction in mutant Z-AAT levels [1][11] - Evidence of AAT inducibility was observed during a respiratory infection, with one patient reaching approximately 30 µM total AAT while retaining 95% M-AAT composition [1][11] Group 2: Safety Profile - The safety profile of BEAM-302 was well-tolerated, with no serious adverse events reported across single doses up to 75 mg [4][6] - Adverse events were primarily mild to moderate, including transient infusion-related reactions and asymptomatic elevations in ALT and AST [4][6] Group 3: Clinical Trial Details - The Phase 1/2 trial includes two parts: Part A focuses on patients with AATD-associated lung disease, while Part B evaluates patients with liver disease, with a total of 29 patients treated as of the February 10, 2026 data cutoff [3][5] - The pivotal cohort is expected to initiate in the second half of 2026, with plans to enroll approximately 50 additional patients [7][8] Group 4: Company Overview - Beam Therapeutics is focused on developing precision genetic medicines through base editing, with BEAM-302 targeting the genetic mutation causing severe alpha-1 antitrypsin deficiency [1][9] - The company aims to transform treatment for AATD by enabling the liver to produce corrected M-AAT while reducing toxic mutant proteins [2][9]
CMG Announces the Acquisition of Rose Subsurface Assessment
Globenewswire· 2026-03-25 11:00
Core Insights - Computer Modelling Group Ltd. (CMG) has acquired Rose Subsurface Assessment, enhancing its capabilities in probabilistic subsurface risk analysis and resource assessment for the exploration and production industry [1][3] Acquisition Details - The purchase consideration for Rose is USD 9.8 million, which includes USD 8.8 million in cash at closing and an amount equivalent to Rose's cash on hand prior to closing, with a potential earn-out of up to USD 2.5 million based on performance milestones [7] - Rose's trailing twelve-month (TTM) revenue is approximately USD 6.8 million, with recurring revenue representing over half of total revenue [7] Company Profiles - Rose is recognized for its rigorous methodology in probabilistic subsurface risk assessment and has developed the Geo Risk Analysis Studio software, which aids operators in making informed decisions regarding exploration and development [4][5] - CMG is a global software and consulting company focused on solving complex subsurface and surface challenges in the new energy industry, headquartered in Calgary, Alberta [6]
Lightbridge to Serve on Industry Advisory Board of $6 Million DOE-Funded Project with Penn State
Globenewswire· 2026-03-25 11:00
Core Viewpoint - Lightbridge Corporation has been selected to join the Industry Advisory Board for a $6 million nuclear materials research project funded by the U.S. Department of Energy, aimed at advancing nuclear materials critical for next-generation reactors [1][4]. Group 1: Project Overview - The project, titled "Big 10+ Network for the Study of Nuclear Materials at the Microscale (BTNM)," is a four-year initiative led by Dr. Jon Schwantes at Penn State, creating a multi-university consortium to enhance nuclear materials research and education [2]. - The consortium includes several universities and national laboratories, focusing on establishing a dedicated Nuclear Materials Micro-Fabrication Facility [2][3]. Group 2: Research Methodology - A key component of the project is the development of a dual-beam plasma Focused Ion Beam (FIB) for creating microscopic samples from highly radioactive materials, significantly reducing radioactivity for safer laboratory studies [3]. - This micro-scale research approach can decrease the radioactivity associated with samples by up to 17 orders of magnitude, thus lowering costs and resource requirements for nuclear materials studies [3]. Group 3: Lightbridge's Role - As a member of the Industry Advisory Board, Lightbridge will influence the research direction and ensure alignment with advanced nuclear industry needs, particularly focusing on the irradiation behavior of novel cladding materials for co-extruded fuels [4][5]. - The project is seen as a critical opportunity for Lightbridge to enhance its understanding of cladding materials relevant to its proprietary Lightbridge Fuel technology [5]. Group 4: Industry Impact - The participation of industry leaders like Lightbridge, X-Energy, Westinghouse, and Kairos Power is expected to address pressing materials challenges in the advanced reactor industry, potentially leading to a paradigm shift in nuclear materials research and education [5].
Energous Wireless Power Solutions Reports Fiscal Year 2025 Results
Globenewswire· 2026-03-25 11:00
Core Insights - Energous Corporation reported a record annual revenue of approximately $5.6 million for the year ended December 31, 2025, marking a 633% increase from 2024 and the highest revenue in the company's history [1][4] - The company achieved its lowest quarterly net loss since 2013, indicating progress towards profitability [1][4] Financial Performance - For Q4 2025, the company reported revenue of approximately $3.0 million, a 139% increase from $1.3 million in Q3 2025, with a net loss of $1.3 million, a 37% improvement from the previous quarter [2] - Gross profit for 2025 was $2.0 million, with a gross margin of 36%, significantly up from approximately $12,000 and 2% in 2024 [4] - GAAP operating expenses decreased to $12.0 million in 2025 from $18.4 million in 2024, a 35% year-over-year improvement [4] - The GAAP net loss for 2025 was approximately $(9.6) million, or $(6.46) per share, a 48% improvement compared to a net loss of approximately $(18.4) million, or $(77.16) per share, in 2024 [4][8] Company Highlights - Over 25,000 PowerBridge transmitters were shipped in 2025, with zero product returns since the start of commercial production in 2024, highlighting product quality [4] - The company has been selected for a large-scale proof-of-concept deployment by a multi-billion-dollar U.S. subsidiary of a British parent company, focusing on modernizing inventory tracking [8] - Energous achieved AWS Independent Software Vendor (ISV) Accelerate status, enhancing its credibility in the market [8] - The company expanded its production capacity with a new U.S.-based contract manufacturer to better serve customer demands [8] - Energous strengthened its intellectual property portfolio with 15 new patents granted in 2025 [8]
Koryx Copper Announces Updated Mineral Resource Estimate for the Haib Copper Project, Southern Namibia
Globenewswire· 2026-03-25 11:00
Core Insights - The updated Mineral Resource Estimate (MRE) for the Haib Copper Project shows significant increases in copper equivalent grades and total contained metals, alongside a reduction in the stripping ratio, enhancing the project's economic viability [4][5][6]. Group 1: Mineral Resource Estimates - The MRE as of March 25, 2026, indicates contained resources of 2,090,000 tonnes of copper (Cu) in the indicated category and 1,385,000 tonnes in the inferred category [1][6]. - Total contained copper equivalent (CuEq) is reported at 2,338,000 tonnes in the indicated category and 1,583,000 tonnes in the inferred category [1][5]. - The MRE reflects an 18% increase in high-grade indicated CuEq grade to 0.40% and a 23% increase in high-grade inferred CuEq grade to 0.39% [5][6]. Group 2: Stripping Ratio and Economic Viability - The stripping ratio has been reduced to 0.92 from 1.74, indicating improved efficiency in mining operations [1][5]. - The total contained Cu has increased from 2.6 million tonnes to 3.5 million tonnes, enhancing the overall copper inventory [8][11]. Group 3: Project Development and Future Plans - The Haib project is expected to have a mine life extending from 24 years to potentially over 35 years due to the addition of lower-grade mineralized material [9][11]. - The company plans to deploy 14 drill rigs to complete 50,000 meters of additional drilling by mid-2026, which will inform the next MRE update and the Preliminary Feasibility Study (PFS) [10][15]. Group 4: By-Product Resources - The updated MRE includes significant by-product resources: 487,900 ounces of gold (Au) and 103,600,000 pounds of molybdenum (Mo) in the indicated category, with 380,200 ounces of Au and 84,500,000 pounds of Mo in the inferred category [1][5][6].