Workflow
California Water Service Group Donates Nearly $1.9 Million to Improve Local Quality of Life in 2025
Globenewswire· 2026-02-18 23:15
Core Insights - California Water Service Group celebrates its 100-year anniversary while reflecting on its philanthropic efforts, donating over $1.88 million to local organizations in 2025 [1][2] Philanthropic Contributions - Contributions supported various beneficiaries, including at-risk youth, disadvantaged communities, first responders, veterans, and healthcare organizations [2] - Specific donations included $186,000 to nine fire departments through the 2025 Firefighter Grant Program, $80,000 in scholarships to 13 students, and over $100,000 to aid fire relief efforts in Los Angeles [2] Community Engagement - The company emphasizes its role beyond being a water provider, highlighting employee involvement in community support and volunteer projects [3][4] - Approximately half of the company's employees participated in the annual Season of Service, contributing their time to community projects [4] Company Overview - California Water Service Group is the largest regulated water utility in the western United States, serving over 2.1 million people across multiple states [5] - The company is committed to enhancing the quality of life for customers, communities, employees, and stockholders through responsible investments in infrastructure and sustainability initiatives [6]
MarketWise, Inc. Confirms that Monument & Cathedral has Withdrawn its Unsolicited Acquisition Proposal
Globenewswire· 2026-02-18 22:44
Core Viewpoint - MarketWise, Inc. has confirmed the withdrawal of an unsolicited acquisition proposal from Monument & Cathedral Holdings, which valued the company at $17.25 per share, contingent upon the termination of a tax receivable agreement [1][2] Group 1: Proposal Withdrawal - Monument & Cathedral Holdings withdrew its proposal after the Special Committee of the Company's Board of Directors indicated that the offer price undervalued the company's stock [2] - The Special Committee evaluated the proposal in consultation with independent legal and financial advisors, focusing on maximizing shareholder value [2] Group 2: Company Strategy and Performance - The company remains committed to a standalone strategy aimed at sustainable growth in high-margin subscription sales, enhancing operational efficiency, and returning capital to shareholders through dividends and potential share repurchases [3] - Preliminary unaudited results show a 42% year-over-year increase in fourth quarter billings, with full-year 2025 Cash Flow from Operating Activities reaching $45 million, exceeding guidance for both billings and cash flow [4] - The company achieved a strong cash dividend yield of 13% for FY 2025, supported by operational momentum and a strong balance sheet [4] Group 3: Strategic Priorities - Management and the Board prioritize executing key strategic initiatives, including product innovation, subscriber acquisition and retention, expansion of premium offerings, and prudent cash management to support long-term shareholder value creation [5] - The company plans to release its fourth quarter and full-year 2025 financial results in March 2026 [5] Group 4: Company Overview - MarketWise is a leading multi-brand subscription services platform that provides premium financial research, software, education, and tools for investors [6] - The company serves millions of free and paid subscribers and offers its research across various digital platforms [7]
Equinox Gold Delivers Transformational Year with Strategic Merger, Record Production and Revenue, Portfolio Optimization, More than US$1.1 Billion in Debt Reduction, and Announces Inaugural Dividend
Globenewswire· 2026-02-18 22:39
Core Insights - Equinox Gold Corp. reported significant progress in 2025, highlighted by a merger with Calibre Mining, resulting in a strong North American gold production focus and the establishment of two new long-life Canadian mines [2][6] Financial Performance - The company achieved a record full-year gold production of 922,827 ounces, exceeding its guidance of 785,000 to 915,000 ounces, with total cash costs of $1,494 per ounce and all-in sustaining costs (AISC) of $1,925 per ounce [6][28] - Revenue from continuing and discontinued operations reached $2.71 billion, with an average realized gold price of $3,465 per ounce [6][28] - Cash flow from operations before changes in non-cash working capital was $915.1 million, and adjusted EBITDA stood at $1,339.6 million [6][28] Operational Highlights - In Q4 2025, Equinox Gold produced a record 247,024 ounces of gold, with Greenstone contributing over 70,000 ounces, marking a 29% increase from the previous quarter [3][6] - The Valentine mine achieved commercial production ahead of schedule, contributing more than 23,000 ounces in Q4 [3][6] Debt Management and Shareholder Returns - The company successfully reduced its debt by over $1.1 billion since Q2 2025, with net debt approximately $75 million as of January 31, 2026 [6][28] - Equinox Gold announced the initiation of a quarterly cash dividend of $0.015 per share and plans for a share buyback program, reflecting confidence in its financial position [5][6] Future Outlook - For 2026, Equinox Gold expects to produce between 700,000 to 800,000 ounces of gold, with cash costs projected at $1,425 to $1,525 per ounce and AISC at $1,775 to $1,875 per ounce [4][15] - The company aims to self-fund 400,000 to 500,000 ounces of potential annual organic growth over the next five years through various expansion projects [4][6]
BriaCell and BriaPro Enter Into Asset Purchase Agreement for Exclusive Soluble CD80 License
Globenewswire· 2026-02-18 22:30
Core Viewpoint - BriaCell Therapeutics Corp. and its subsidiary BriaPro Therapeutics Corp. have entered into a definitive purchase agreement for BriaPro to acquire BriaCell's exclusive license for the development and commercialization of Soluble CD80 (sCD80) as a biologic agent for cancer treatment [1][3]. Background - BriaCell secured the exclusive license for sCD80 from the University of Maryland, Baltimore County (UMBC) on August 2, 2022, which is based on technology developed by Dr. Suzanne Ostrand-Rosenberg [2]. - sCD80 has shown promise in animal models by halting tumor growth and potentially restoring anti-tumor immunity, with reported strong anti-tumor activity across multiple tumor types [2]. Transaction Details - BriaPro will gain worldwide rights to develop and commercialize sCD80, while UMBC retains certain rights, including a 2% royalty on commercialization and other development costs [3]. - BriaCell will provide up to $3 million to BriaPro for research and development, with fund usage subject to BriaCell's approval [4]. - As part of the transaction, BriaPro will issue 23,972,589 Common Shares to BriaCell, valued at approximately C$1.18 million, increasing BriaCell's ownership in BriaPro to about 78% post-transaction [5]. Shareholder Approval - The Purchase Agreement requires approval from a simple majority of disinterested shareholders of BriaPro, excluding votes from BriaCell due to its 10% stake [6]. - BriaPro plans to comply with formal valuation requirements under Multilateral Instrument 61-101, intending to obtain an independent third-party valuation to confirm fair market value [7][8]. Company Statements - The President and CEO of BriaCell and BriaPro emphasized the mission to develop effective cancer treatments, highlighting the potential of sCD80 as a transformational anti-cancer agent [9].
ROHM’s New Compact, Highly Reliable Package Added to Automotive 40V/60V MOSFET Lineup
Globenewswire· 2026-02-18 22:30
Core Viewpoint - ROHM Semiconductor has expanded its low-voltage MOSFET lineup for automotive applications with the introduction of the new HPLF5060 package, which is designed to enhance reliability and performance in compact automotive environments [1][3]. Product Development - The new HPLF5060 package measures 4.9mm × 6.0mm and offers a smaller footprint compared to the widely used TO-252 package (6.6mm × 10.0mm) [3][9]. - Mass production of products using the HPLF5060 package began in November 2025, with online sales initiated through distributors like DigiKey and Farnell [4]. - A smaller DFN3333 package (3.3mm × 3.3mm) utilizing wettable flank technology is set to begin mass production around February 2026 [5]. - Development is also underway for a TOLG package (9.9mm × 11.7mm) to further enhance the lineup of high-power, high-reliability packages [5]. Technical Features - The HPLF5060 package enhances board-mount reliability through the use of gull-wing leads and incorporates copper clip junction technology for high-current operation, making it suitable for demanding automotive applications [3]. - The products are automotive grade AEC-Q101 qualified, ensuring they meet industry standards for reliability [11]. Applications - The new MOSFETs are applicable in main inverter control circuits, electric pumps, and LED headlights, addressing the growing demand for efficient automotive components [6]. Brand Information - EcoMOS™ is ROHM's brand of silicon power MOSFETs designed for energy-efficient applications across various sectors, including automotive, home appliances, and industrial equipment [7].
Apollo Sent the Following Letter to Clients and Partners
Globenewswire· 2026-02-18 22:23
Core Viewpoint - Apollo Global Management, Inc. emphasizes its commitment to transparency regarding its past relationship with Jeffrey Epstein, asserting that no current employees, except for Leon Black, had any business or personal ties with him [1][2]. Group 1: Investigation and Findings - In 2020, Apollo initiated an independent investigation into any relationships with Jeffrey Epstein, which has been publicly reported [1]. - The company states that the documents released contain no new information regarding its relationships with Epstein [2]. - Leon Black, who left the firm in 2021, had previously engaged Epstein for personal tax advice, while other Apollo employees provided information related to this work, but all attempts by Epstein to engage with Apollo co-founders were declined [3]. Group 2: Commitment to Investors - Apollo is focused on delivering results for its investors, especially during volatile market conditions, and is prepared to take proactive measures [4]. - The leadership team is committed to maintaining transparency and is available for any inquiries from investors [4].
Taseko Announces Strong Fourth Quarter Financial Results and Commencement of Copper Production at Florence Copper
Globenewswire· 2026-02-18 22:18
Core Insights - Taseko Mines Limited reported a full year 2025 Adjusted EBITDA of $230 million and revenues of $673 million from the sale of 99 million pounds of copper and 1.9 million pounds of molybdenum, despite a net loss of $30 million for the year [3][11][12] Financial Performance - For Q4 2025, Adjusted EBITDA was $116 million, with cash flow from operations at $101 million, and a net income of $4 million [4][15] - Annual revenues increased to $672.9 million in 2025, up from $608.1 million in 2024, driven by higher copper sales [11][12] - The average realized copper price for Taseko was $4.61 per pound in 2025, contributing to strong revenue growth [11] Production Metrics - Gibraltar produced 31 million pounds of copper in Q4 2025 at a total operating cost (C1) of $2.47 per pound, with annual production totaling 98 million pounds at a similar cost of $2.66 per pound [5][25] - Molybdenum production increased to 1.9 million pounds in 2025, up from 1.4 million pounds in 2024, benefiting from higher grades and recoveries [23][25] - The Florence Copper project commenced copper cathode production in February 2026, with a target of 30 to 35 million pounds of copper in 2026 [6][39] Operational Developments - The Connector pit at Gibraltar is expected to remain the primary source of mill feed for the next three years, with total copper production projected between 110 to 115 million pounds in 2026 [34][36] - The Florence Copper SX/EW plant is fully operational, and wellfield expansion is underway to support increased production [6][39][40] - Construction of the Florence Copper facility was completed on time and within budget at $275 million, with no lost time injuries reported during the project [11][38] Strategic Initiatives - Taseko is focused on growing its project pipeline in North America, with significant milestones achieved in the Yellowhead and New Prosperity projects [8][43][46] - The Yellowhead project is projected to produce 4.4 billion pounds of copper over a 25-year mine life at an average C1 cost of $1.90 per pound [43][44] - The New Prosperity project reached a historic agreement with the Tŝilhqot'in Nation, providing a framework for future development [46][54]
Acadian Timber Corp. Announces Appointment of Malcolm Cockwell as Interim President & CEO
Globenewswire· 2026-02-18 22:05
Group 1 - Acadian Timber Corp. has appointed Malcolm Cockwell as Interim President & CEO, succeeding Adam Sheparski who has stepped down to pursue other opportunities [1][2] - The company will continue to focus on operational excellence within its existing timberland assets located in New Brunswick and Maine [2] - Acadian Timber Corp. is one of the largest timberland owners in Eastern Canada and the Northeastern U.S., managing approximately 2.4 million acres of land [3] Group 2 - Acadian owns and manages about 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres in Maine, in addition to providing timber services for around 1.3 million acres of Crown licensed timberlands in New Brunswick [3] - The primary business of Acadian includes forest management and the production of timber products such as softwood and hardwood sawlogs, pulpwood, and biomass by-products, serving approximately 85 regional customers [3] - The company's business strategy aims to maximize cash flows from existing timberland assets through sustainable forest management while also pursuing growth through asset acquisition and active management [4]
Equinox Gold Announces Inaugural Quarterly Cash Dividend of US$0.015 per Common Share and Application for Normal Course Issuer Bid
Globenewswire· 2026-02-18 22:01
VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Equinox Gold Corp. (TSX: EQX, NYSE American: EQX) (“Equinox Gold” or the “Company”) is pleased to announce that its Board of Directors (“Board”) has declared an inaugural quarterly cash dividend of US$0.015 per common share (“Share”) of the Company, which is payable on March 26, 2026 to shareholders of record as at the close of business on the record date of March 12, 2026. The Board has also approved a dividend policy under which the Company in ...
Alamos Gold Increases Dividend by 60% to an Annual Rate of $0.16 Per Share
Globenewswire· 2026-02-18 22:00
All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce that the Company’s Board of Directors has authorized a 60% increase to its quarterly dividend to US$0.04 per common share. The increase is supported by the Company’s strong outlook and growing free cash flow, including generating record free cash flow of $352 million in 2025. The Company expects increasing free c ...