Workflow
Enlight Secures Nearly $150 Million in Tax Equity Financing for Quail Ranch
Globenewswire· 2025-11-03 11:15
Core Insights - Enlight Renewable Energy has secured a tax equity partnership with Wells Fargo for its Quail Ranch project in New Mexico, marking its fifth such partnership in the U.S. and bringing the total value of its U.S. tax equity arrangements to nearly $1 billion [1][5]. Project Overview - The Quail Ranch project consists of 128 MW of solar generation capacity and 400 MWh of energy storage, with a total investment of $275 million. It is expected to achieve commercial operation by the end of 2025 [3][4]. - Once operational, the project is projected to generate approximately $24 million in annual revenues and an EBITDA of around $17 million in its first full operating year [3]. Financial Details - Under the agreement, Wells Fargo will provide tax equity financing, including an initial contribution of $131 million, which is expected to rise to nearly $150 million over the first 10 years of operation [2][5]. - The financing will enable the project to benefit from production tax credits (PTC) for the solar component and investment tax credits (ITC) for the storage component, along with qualifying for a 10% Energy Community Adder under the Inflation Reduction Act [5]. Strategic Importance - The project is supported by a 20-year busbar power purchase agreement (PPA) with Public Service Company of New Mexico (PNM), ensuring stable, long-term revenues [4]. - The partnership with Wells Fargo is seen as a significant step in scaling Enlight's U.S. platform and reflects the strength of the project and the robustness of its portfolio strategy [6].
BOS Secures a $1.5 Million Order from a Leading Aerospace Customer
Globenewswire· 2025-11-03 11:14
Core Insights - BOS Better Online Solutions Ltd. announced a new $1.5 million order from a key aerospace customer for components used in satellite applications, with deliveries scheduled through 2026 [1][2] Company Overview - BOS specializes in integrating supply chain technologies for the aerospace, defense, industrial, and retail sectors, operating three specialized divisions: Intelligent Robotics Division, RFID Division, and Supply Chain Division [2][5] Recent Developments - The recent order supports BOS's growth strategy by broadening its offerings to major customers in the space and defense sectors, reinforcing its position as a trusted supply-chain partner [2]
Shanghai International City and Architecture Expo 2025 held to mark World Cities Day
Globenewswire· 2025-11-03 11:06
Core Insights - The Shanghai International City and Architecture Expo was held from October 30 to November 1, 2025, as part of the World Cities Day events [1] - The expo served as a significant platform for the construction industry to showcase achievements, exchange ideas, and seek development [2] Industry Highlights - The expo emphasized smart solutions in urban and rural construction and green, low-carbon development, covering an exhibition area of nearly 40,000 square meters [3] - It featured 6 thematic exhibition areas and 4 major industry development exhibition areas, showcasing Shanghai's innovative achievements in urban construction and sustainable development [3] - The event highlighted the project achievements of various partners, including government departments, universities, and enterprises, demonstrating innovative practices in promoting urban sustainable development [7] Thematic Focus - The World Cities Day thematic exhibition area included three sections that reviewed the 11-year development journey of World Cities Day and major events such as the SDG Cities Global Conference [4] - The expo promoted international public goods, including the Global Award for Sustainable Cities and the Shanghai Manual for Sustainable Urban Development [5] Local Participation - Sixteen districts of Shanghai and the Lingang New Area participated in the exhibition, showcasing their practices in urban and rural construction [8] - Leading enterprises, such as Shanghai Chengtou, presented their core technologies and projects, highlighting the development achievements in the construction industry [9]
Serina Therapeutics Provides Regulatory Update on SER-252 Program
Globenewswire· 2025-11-03 11:05
Core Viewpoint - Serina Therapeutics has announced that the FDA has placed a clinical hold on its IND application for SER-252, a treatment for advanced Parkinson's disease, due to requests for additional information regarding an excipient in the formulation, not related to the active drug substance or its mechanism of action [1][2][3] Company Overview - Serina Therapeutics is a clinical-stage biotechnology company focused on developing drug candidates for neurological diseases using its proprietary POZ Platform technology [8] - The company is headquartered in Huntsville, Alabama, and aims to improve the efficacy and safety profiles of various therapeutic modalities [8] SER-252 Development - SER-252 is an investigational apomorphine therapy designed for continuous dopaminergic stimulation via subcutaneous injection, targeting motor fluctuations in advanced Parkinson's patients [6] - The SER-252-1b study is a randomized, double-blind, placebo-controlled Phase 1b trial aimed at evaluating the safety, tolerability, and pharmacokinetics of SER-252 [5] FDA Interaction - The FDA has indicated prior support for Serina's development approach for SER-252 under a 505(b)(2) NDA pathway, and the company expects to receive a formal clinical-hold letter within 30 days [2][3] - The CEO of Serina expressed confidence in the potential of SER-252 and the company's commitment to addressing the FDA's feedback promptly [3] Broader Pipeline - In addition to SER-252, Serina is advancing its POZ Platform-based pipeline, which includes SER-270, a once-weekly injectable therapy for tardive dyskinesia [4]
First Atlantic Nickel Phase 2X Drilling Expands Lateral Width of Awaruite Nickel Alloy Mineralization Along Sections S1 and S3 at RPM Zone Within Newly Expanded 4-Kilometer Target
Globenewswire· 2025-11-03 11:01
Core Insights - First Atlantic Nickel Corp. has reported significant visual drilling results from Phase 2X holes AN-25-09 and AN-25-10 at the RPM Zone, confirming substantial lateral widths of awaruite mineralization across multiple sections [1][2][5] Drilling Results - Hole AN-25-10 intersected 233 meters of strong, visually disseminated, large-grain awaruite mineralization, extending the eastern strike length of Section S1 by approximately 200 meters from the best previous results [5][7] - Hole AN-25-09 successfully intersected 480 meters of visibly disseminated, large-grain awaruite mineralization, expanding the mineralization width to approximately 500 meters on Section S3 [9][10] - Combined results from Sections S1 and S2 confirm continuous awaruite mineralization over approximately 750 meters in lateral width within the newly defined 4-kilometer strike length target area [5][10] Mineralization Characteristics - Approximately 3 kilometers of drill core have returned positive magnetically recoverable nickel results, averaging 1.30% nickel in magnetic concentrate with a 9.12% mass pull, yielding an average of 0.12% DTR nickel [3][6][11] - The presence of abundant magnetite in drill cuttings is an encouraging indicator, as awaruite commonly forms alongside magnetite during serpentinization, suggesting continued mineralization potential [2][8] Future Drilling Plans - The Phase 2X drilling program will be expanded to target the northern extension beyond holes AN-25-08 and AN-25-09 on Section S3, as well as the high-priority eastern target area where AN-25-10 ended in mineralization [12][14] - Additional drilling is planned to test further east along Section S1 and systematically step out to the north past Section S3, with multiple holes currently targeting both areas [12][14] Awaruite Characteristics - Awaruite is a naturally occurring nickel-iron-cobalt alloy with approximately 75% nickel, allowing for smelter-free magnetic separation and concentration, which could strengthen North America's critical minerals supply chain [32][41] - The sulfur-free nature of awaruite eliminates the need for secondary processing methods typical of sulfide or laterite nickel ores, reducing environmental impacts and permitting challenges [33][41]
Lead Real Estate Co., Ltd Announces Fiscal Year 2025 Results
Globenewswire· 2025-11-03 11:00
Net income attributable to common shareholders increased by 35.1% to JPY846.8 million, or $5.9 million TOKYO, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) ("LRE" or the "Company"), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, and which develops and operates the ENT TERRACE brand of extended-stay hotels, today announced financial results for the fiscal year ended Ju ...
The Ensign Group Adds Operation in Alabama
Globenewswire· 2025-11-03 11:00
Core Insights - The Ensign Group, Inc. has acquired The Health Center of Eastview, a 90-bed skilled nursing facility in Birmingham, Alabama, effective November 1, 2025, which is under a long-term, triple net lease with a third-party landlord [1] - In a separate transaction on the same day, Ensign acquired the real estate and operations of seven skilled nursing facilities in Utah, expanding its portfolio significantly [3] - These acquisitions increase Ensign's total healthcare operations to 369 across 17 states, including 47 senior living operations, with 155 real estate assets owned by its subsidiaries [4] Company Expansion - The CEO of Ensign expressed enthusiasm about expanding in the Alabama market and building on recent growth in the Southeast [2] - The President of Southstone Healthcare LLC, an Ensign subsidiary, highlighted the commitment to providing high-quality care at the newly acquired facility [3] Strategic Focus - Ensign is actively seeking further acquisition opportunities in real estate and healthcare-related businesses, targeting both well-performing and struggling skilled nursing and senior living facilities across the United States [4]
The Ensign Group Expands in Utah
Globenewswire· 2025-11-03 11:00
Core Insights - The Ensign Group, Inc. has acquired the real estate and operations of seven skilled nursing facilities in Utah, enhancing its portfolio and market presence in the state [1][2] - The acquisition includes properties that are newer constructions, which align well with Ensign's existing operations and introduce new markets [2] - In addition to the Utah facilities, Ensign also acquired the operations of a 90-bed skilled nursing facility in Birmingham, Alabama, which will be operated under a long-term triple net lease [3] Company Expansion - Following these acquisitions, Ensign's portfolio now consists of 369 healthcare operations, including 47 senior living operations across 17 states [4] - Ensign subsidiaries, including Standard Bearer, own a total of 155 real estate assets [4] - The company is actively pursuing further acquisition opportunities in skilled nursing, senior living, and other healthcare-related businesses throughout the United States [4] Operational Strategy - Ensign's CEO expressed confidence in the integration of the new facilities, emphasizing the potential for collaboration with existing staff and caregivers to enhance service quality [2][3] - The company aims to leverage its resources and expertise to provide high-quality services to the communities served by the newly acquired facilities [3]
Currenc Group Announces Proposed Reverse Merger with Animoca Brands Corporation Limited
Globenewswire· 2025-11-03 11:00
Core Viewpoint - The proposed merger between Currenc Group Inc. and Animoca Brands aims to create the world's first publicly-listed digital assets conglomerate, enhancing access to the trillion-dollar altcoin digital economy for investors on Nasdaq [1][5]. Group 1: Proposed Merger Details - Currenc Group has entered into a non-binding term sheet to acquire 100% of Animoca Brands' issued shares via a reverse merger [1]. - Upon completion, shareholders of Animoca Brands will own approximately 95% of the new entity, while Currenc shareholders will hold about 5% [2]. - The merger is expected to close in 2026, pending shareholder and regulatory approvals [3]. Group 2: Company Profiles - Currenc Group Inc. is a fintech company focused on AI solutions for financial institutions, including a digital remittance platform that enhances global payment services [7]. - Animoca Brands is recognized as a leader in the digital asset ecosystem, with a diversified portfolio of over 600 companies across various digital asset verticals, including gaming and decentralized finance [4][8]. Group 3: Strategic Implications - The merger is anticipated to unlock significant value for shareholders and position the combined entity as a leader in the digital asset economy, spanning DeFi, AI, NFTs, gaming, and decentralized science [5]. - Currenc plans to divest some existing operations, including its AI-powered solutions, to focus on the merger and the new entity's growth strategy [5][6].
McEwen to Acquire 31% Strategic Interest in Paragon Geochemical, Leader of PhotonAssay™ Technology for the Mining Sector
Globenewswire· 2025-11-03 11:00
Core Viewpoint - McEwen Inc. has signed agreements to acquire approximately 31% equity interest in Britannia Mining Solutions Inc., which operates as Paragon Geochemical Laboratories, a provider of advanced analytical services to the mining industry, particularly known for its PhotonAssay™ technology [1][2]. Company Overview - McEwen Inc. is focused on expanding its portfolio in the mining sector, particularly through strategic investments in innovative technologies like PhotonAssay™ [1][2]. - Paragon Geochemical Laboratories is an ISO 17025:2017-accredited laboratory that serves mining clients across North America and plans to expand globally [3]. Technology and Innovation - PhotonAssay™ is a rapid, accurate, and non-destructive method for assaying precious and base metals, offering advantages over traditional fire assay techniques, such as faster turnaround times and improved accuracy [2]. - Paragon aims to position itself as a leading service provider in the mining sector by deploying this innovative technology [2]. Strategic Investment - McEwen will invest a total of CDN$15.3 million to acquire shares from Britannia Life Sciences Inc. and through a private placement, making it Paragon's largest shareholder [5][6]. - The investment includes the right to nominate an additional board member, enhancing McEwen's influence in Paragon's strategic direction [6]. Growth Plans - Paragon currently operates three laboratories and plans to construct eight additional sites in key mining regions over the next two years [3]. - The company is also in the process of becoming publicly traded, indicating aggressive growth ambitions [3]. Operational Synergies - McEwen is already utilizing PhotonAssay™ in its exploration programs at the Fox Complex in Ontario and the Gold Bar Mine Complex in Nevada, which allows for faster data-driven decisions and optimized drilling strategies [4].