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Cygnus targets resource growth with start of new drilling and geophysics programs
Globenewswire· 2026-02-22 23:14
Core Insights - Cygnus Metals Limited is initiating extensive exploration programs at its Chibougamau Copper-Gold Project in Quebec, aiming to grow resources and drive shareholder value through resource growth [6][7][8] - The company has reported a 29% increase in resources last year and is optimistic about further exploration results [4][8] Exploration Strategy - The exploration campaign focuses on extending known mineralization, drilling defined targets, and identifying new prospects [1][6] - Key areas of focus include brownfields exploration at Cedar Bay and Golden Eye, with ongoing Downhole Electromagnetics (DHEM) to identify follow-up targets [7][8][9] Resource Estimates - Current resource estimates for the Chibougamau project stand at 6.4 million tonnes (Mt) at 3% CuEq for 193,000 tonnes (kt) CuEq (Measured & Indicated) and 8.5 Mt at 3.5% CuEq for 295 kt CuEq (Inferred) [8][28] - Specific drilling results include 28.9m at 2.5g/t AuEq and 10.6m at 4.1g/t AuEq from recent exploration at Cedar Bay [8][12] Drilling Activities - Drilling has commenced at Golden Eye with three rigs to extend the resource below the current depth of 450m, where the resource is currently defined at 0.5 Mt at 5.6g/t AuEq [10][11] - At Joe Mann, a detailed Induced Polarisation (IP) survey is underway to identify drill targets, with historical intersections showing significant gold potential [11][13] Infrastructure and Partnerships - The Chibougamau area has established infrastructure, including a processing facility with a capacity of 900,000 tonnes per annum, which is the only facility within a 250 km radius [11][12] - Drilling at the Gwillim prospect will be co-funded by Alamos Gold, which has a market capitalization of approximately C$25 billion [11][12]
Dyne Therapeutics Announces Upcoming Presentations Across Neuromuscular Pipeline at 2026 MDA Clinical & Scientific Conference
Globenewswire· 2026-02-22 21:00
Core Insights - Dyne Therapeutics is set to present five key presentations at the 2026 Muscular Dystrophy Association Clinical & Scientific Conference, showcasing advancements in their neuromuscular disease programs, particularly in Duchenne muscular dystrophy (DMD), myotonic dystrophy type 1 (DM1), and Pompe disease [1][2]. Group 1: Presentation Highlights - The company will present new long-term data from the DELIVER trial in DMD, indicating potential preservation of cardiopulmonary function [2][4]. - A robust Phase 3 trial design for z-basivarsen in DM1 will be discussed, which is anticipated to be field-defining [2][3]. - Dyne's pipeline demonstrates strength through the FORCE™ platform, which is validated by clinical data showing functional improvements across various muscle groups [2][4]. Group 2: Oral and Poster Presentations - Oral presentations will include significant findings on z-rostudirsen's impact on dystrophin protein levels and functional improvements in DMD [3]. - The design of a global Phase 3 trial for z-basivarsen in DM1 will be presented, along with preclinical data for DYNE-401 targeting Pompe disease [3][4]. - Poster presentations will feature late-breaking data on z-rostudirsen's long-term clinical outcomes and new analyses from the DELIVER trial [4][5]. Group 3: Conference Details - The conference will take place from March 8-11, 2026, in Orlando, FL, and virtually, with all presentations available on Dyne's website [1][6]. - A symposium titled "Functional improvement: Moving beyond dystrophin in DMD" is scheduled for March 9, 2026 [6].
Canacol Energy Announces Leadership Change and Independent Director Appointment
Globenewswire· 2026-02-22 16:41
Core Viewpoint - Canacol Energy Ltd. is undergoing a leadership change to enhance its restructuring efforts, with the appointment of interim co-CEOs and an independent director to the board, aimed at positioning the company for success during its restructuring process under the Companies' Creditors Arrangement Act (CCAA) [1][2][4]. Leadership Changes - Mr. Jason Bednar and Mr. Ravi Sharma have been appointed as Interim Co-Chief Executive Officers while retaining their roles as Chief Financial Officer and Chief Operating Officer, respectively [2]. - Dr. Charle Gamba has departed from his role as President and Chief Executive Officer, with the board expressing gratitude for his contributions [3]. Board Appointments - Mr. Peter Laurinaitis has been appointed as an independent director, bringing extensive experience in financial restructuring and corporate turnarounds [4][5]. - Laurinaitis has 30 years of transactional experience and has held significant roles in restructuring at firms like PJT Partners and Blackstone [6]. Company Background - Canacol Energy Ltd. is focused on natural gas exploration and production, primarily operating in Colombia [9].
nVent Postpones Investor Day due to Weather-related State of Emergency Declared in New York City Metropolitan Area
Globenewswire· 2026-02-22 16:04
Core Viewpoint - nVent Electric plc has postponed its Investor Day originally scheduled for February 24, 2026, due to a state of emergency in the New York metropolitan area caused by an impending winter storm [1][2]. Company Overview - nVent is a global leader in electrical connection and protection solutions, focusing on enabling safer systems and ensuring a secure world through its innovative electrical solutions [3]. - The company designs, manufactures, markets, installs, and services high-performance products that protect sensitive equipment, buildings, and critical processes [3]. - nVent's product portfolio includes well-known brands such as nVent CADDY, ERICO, HOFFMAN, ILSCO, SCHROFF, and TRACHTE, with a history spanning over 100 years [4]. Investor Relations - The company is currently evaluating scheduling options for the postponed Investor Day and will issue a formal invitation once the new date and location are finalized [2]. - The postponement is strictly due to weather-related logistics and does not indicate any changes in the company's operations, financial performance, or outlook [2].
MoonLake Announces Positive Topline Results from its Phase 2 Clinical Trial of Sonelokimab in Axial Spondyloarthritis and Reports 2025 Financial Results
Globenewswire· 2026-02-22 16:00
Group 1 - MoonLake Immunotherapeutics announced topline results from the S-OLARIS Phase 2 trial of sonelokimab (SLK) in patients with axial spondyloarthritis (axSpA), demonstrating significant clinical benefits [2][5][6] - In the S-OLARIS trial, 81% of patients treated with SLK achieved an ASAS40 response at Week 12, indicating a clinically meaningful improvement [2][5] - The trial also showed over 80% of patients achieved a clinically important improvement as per ASDAS-CRP score, with significant reductions in inflammation and osteoblast activity observed through PET imaging [2][5][6] Group 2 - MoonLake reported financial results for Q4 and the year ended December 31, 2025, with cash and equivalents totaling $394 million, expected to fund operations into the second half of 2027 [7] - Research and development expenses for Q4 2025 were $56 million, down from $60.6 million in the previous quarter, while general and administrative expenses decreased to $9.2 million from $10.8 million [7] - The company amended its debt facility with Hercules Capital, drawing down $25 million, with up to $400 million in non-dilutive funds available for future needs [7] Group 3 - An Investor Day webcast is scheduled for February 23, 2026, where the company will present the S-OLARIS data and discuss upcoming milestones, including the Type B FDA Meeting outcomes for hidradenitis suppurativa [8][12] - The company is pursuing multiple indications for sonelokimab, including hidradenitis suppurativa, psoriatic arthritis, and palmoplantar pustulosis, with significant market opportunities projected [11][27][29]
Dassault Systèmes’ CEO Pascal Daloz becomes also Chairman of the Board of Directors of Dassault Systèmes
Globenewswire· 2026-02-21 18:59
Core Viewpoint - Dassault Systèmes announces the appointment of Pascal Daloz as both Chairman and Chief Executive Officer following the resignation of Bernard Charlès for personal reasons, ensuring continuity in leadership and governance [2][8]. Leadership Transition - Bernard Charlès has stepped down as Executive Chairman and member of the Board, effective immediately, and has expressed his confidence in Pascal Daloz to lead the company [2][8]. - Pascal Daloz has been with Dassault Systèmes for 25 years and shares a vision with Charlès to push the boundaries of science and innovation [3][4]. Company Vision and Strategy - The company aims to lead the transformation powered by Industrial AI through its 3D UNIV+RSES initiative, which is a long-term commitment to redefine industry innovation and competition in the Generative Economy [5][8]. - Daloz emphasizes the importance of maintaining the freedom necessary for Dassault Systèmes to remain a game-changer and accelerate growth [5][6]. Legacy and Future Direction - Bernard Charlès, as a co-founder, has been instrumental in guiding Dassault Systèmes from a startup to a world leader, fostering a culture of innovation and sustainability [4][9]. - The transition is seen as a strong foundation for the continued development of Dassault Systèmes, with a focus on high-quality standards and the successful engagement of the next generation of AI-based industry solutions [9].
AnorTech Grants Stock Options
Globenewswire· 2026-02-21 14:00
Core Viewpoint - AnorTech Inc. has granted incentive stock options to directors, employees, and consultants, allowing the purchase of a total of 5,150,000 shares at a price of $0.10 per share [1] Summary by Category Stock Options - The total number of shares for the stock options granted is 5,150,000 [1] - The exercise price for the options is set at $0.10 per share [1] - The options will vest over a period of 18 months and have a term of five years [1] Regulatory Compliance - The stock options are subject to the policies of the TSX Venture Exchange [1]
Abivax Presents First Evidence of Anti-Fibrotic Activity for Obefazimod Alongside New Clinical Efficacy and Safety Analyses in Inflammatory Bowel Disease at ECCO 2026
Globenewswire· 2026-02-21 11:00
Core Insights - Abivax has presented new preclinical and clinical data for obefazimod, demonstrating its anti-fibrotic potential and favorable safety profile for treating inflammatory bowel disease at ECCO 2026 [2][3] Group 1: Clinical Data and Efficacy - The data presented includes evidence of obefazimod's anti-fibrotic effects in both preclinical human fibroblast models and in vivo animal models, indicating its potential to address unmet needs in Crohn's disease [4] - A pooled analysis from the Phase 3 ABTECT induction trials shows that obefazimod leads to symptomatic response as early as week 1 and symptomatic remission by week 2, with a nominally significant p-value of <0.05 [4][5] - Obefazimod demonstrated a ~50% reduction in a biomarker of active fibrosis (Pro-C3) and a ~30% reduction in a fibroblast activation marker (⍺SMA) in preclinical models, both with p-values <0.0001 [5] Group 2: Safety Profile - The safety data from the ABTECT-1 and ABTECT-2 trials indicate that the rates of serious treatment emergent adverse events (TEAEs) were comparable across treatment groups, with Obe-50mg at 3.1%, Obe-25mg at 2.2%, and placebo at 3.2% [8] - TEAEs leading to study discontinuation were also similar across groups, with Obe-50mg at 4.7%, Obe-25mg at 1.9%, and placebo at 4.1% [8] Group 3: Mechanism of Action - Biomarker data from the trials indicate that obefazimod enhances the expression of miR-124 and reduces key inflammatory cytokines IL-17A and IL-6 towards homeostatic levels, supporting its mechanism of action in restoring immune balance [4][8] - The mechanism allows for partial reduction of inflammatory cytokines without completely blocking these pathways, which may be beneficial for long-term disease management [8]
Rakovina Therapeutics Announces Upsized Financing Up to $2.0 Million
Globenewswire· 2026-02-21 00:50
Core Viewpoint - Rakovina Therapeutics Inc. has announced an upsized financing plan totaling approximately $2 million, which includes a convertible debenture and a common share private placement to support near-term operations [1][4]. Financing Details - The financing consists of a non-brokered private placement of an unsecured convertible debenture for $1.0 million, along with two million common share purchase warrants, with each warrant exercisable at $0.20 per share until January 28, 2029 [2][9]. - Concurrently, the company proposes to offer up to 8,333,334 common shares at a price of $0.12 per share, aiming for additional gross proceeds of up to approximately $1.0 million [3]. Use of Proceeds - The aggregate gross proceeds from the private placements will be utilized for near-term working capital to support ongoing corporate activities and strategic initiatives while evaluating longer-term financing alternatives [4]. Regulatory Approvals - The closing of the private placements is contingent upon obtaining all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange [5]. Company Overview - Rakovina Therapeutics is focused on developing innovative cancer treatments using AI-powered drug discovery technologies, specifically targeting the DNA-damage response [6][7].
VERSES Announces Filing of Quarterly Report on Form 10-Q for the Three and Nine-Months Ended December 31, 2025
Globenewswire· 2026-02-21 00:11
Core Insights - VERSES AI Inc. has filed its Quarterly Report on Form 10-Q for the three and nine months ended December 31, 2025, with the SEC [1] - The company will review its results during an earnings call scheduled for February 24, 2026, at 1:00 PM Eastern time [2][3] Company Overview - VERSES is a cognitive computing company focused on developing next-generation agentic software systems inspired by Nature [3] - The flagship product, Genius™, is designed to provide reliable domain-specific predictions and decisions under uncertainty [3] Conference Call Details - The earnings call will be accessible live over the Internet via the company's website, with listeners advised to prepare 15 minutes in advance [3]