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Colliers Extends Maturity and Enhances Flexibility of its US$2.25 Billion Credit Facility
Globenewswire· 2026-02-20 21:05
Core Viewpoint - Colliers has successfully amended its revolving credit facility, extending the maturity to February 2031, which enhances its long-term financial flexibility [1][2]. Group 1: Credit Facility Details - The total credit facility remains at US$2.25 billion and now includes a US$250 million accordion feature, providing additional financial flexibility for acquisitions and growth initiatives [2]. - The updated terms of the credit facility include sustainability-linked pricing metrics, reflecting the company's commitment to sustainability goals [2]. Group 2: Management Commentary - The extension and amendment of the credit facility highlight the strength of Colliers' balance sheet and the confidence of its banking partners in its diversified platform and disciplined growth strategy [3]. - The enhanced flexibility will support Colliers' expansion into high-quality, recurring professional services through its acquisition program, which is crucial for long-term success [3]. Group 3: Company Overview - Colliers operates as a global diversified professional services and investment management company, focusing on Commercial Real Estate, Engineering, and Investment Management [4]. - The company has over 30 years of consistent growth, with annual revenues of $5.6 billion, 24,000 professionals, and $108 billion in assets under management [5].
Capital Clean Energy Carriers Corp. Announces Pricing of €250 Million Unsecured Bonds
Globenewswire· 2026-02-20 21:05
ATHENS, Greece, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international owner of ocean-going vessels, today announced that it has successfully priced the offering of €250 million of unsecured bonds to investors in Greece (the “Bonds”) which will be admitted to trading in the category of fixed income securities of the Regulated Market of the Athens Exchange. The Bonds will mature in 2033 and will have a coupon of 3.75%, payable semi-annually. The offering is sub ...
Foresight Announced ADS Ratio Change
Globenewswire· 2026-02-20 21:05
Core Viewpoint - Foresight Autonomous Holdings Ltd. plans to change the ratio of its American Depositary Shares (ADSs) from one ADS for thirty Ordinary Shares to one ADS for ninety Ordinary Shares, effective February 26, 2026 [1][2]. Group 1: ADS Ratio Change Details - The ADS Ratio Change will not affect the Company's Ordinary Shares [2]. - ADS holders will need to surrender their existing ADSs to receive one new ADS for every three existing ADSs [2][4]. - The ADSs will continue to trade on Nasdaq under the symbol "FRSX" with a new CUSIP Number after the change [3]. Group 2: Impact on Shareholders - The ADS Ratio Change will not impact any shareholder's percentage ownership or voting power [4]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [4]. Group 3: Price Expectations and Compliance - The Company anticipates that the ADS price will increase proportionally due to the ADS Ratio Change, although no assurance can be given regarding the actual price post-change [5]. - The change is intended to help maintain compliance with Nasdaq listing requirements, but the Company cannot guarantee this outcome [5]. Group 4: Company Overview - Foresight Autonomous Holdings Ltd. is focused on developing advanced three-dimensional perception and cellular-based applications through its subsidiaries [6]. - The Company's technology includes automatic calibration and dense 3D point cloud systems applicable in various markets such as automotive and defense [7].
Update for the James Bay Niobium Project
Globenewswire· 2026-02-20 20:49
Core Viewpoint - NioBay Metals Inc. is committed to conducting its exploration program for the James Bay niobium project in a manner that respects the rights of the Moose Cree First Nation and complies with environmental laws and regulations [2][4]. Group 1: Company Commitment and Community Engagement - The company emphasizes its dedication to working collaboratively with the local community by utilizing local contractors, creating jobs, forming strategic partnerships, and contributing to community development [3]. - NioBay acknowledges that the James Bay Niobium Project is located within Treaty 9 territory, recognizing the Indigenous rights and interests of the Moose Cree and other Treaty 9 communities [4]. Group 2: Project Overview and Environmental Responsibility - NioBay aims to lead in the development of mines that prioritize low carbon consumption and responsible management of water and wildlife, focusing on environmental sustainability and social responsibility [5]. - The company holds a 100% interest in the James Bay Niobium Project, situated 45 km south of Moosonee, Ontario, and also has a 72.5% interest in the Crevier Niobium and Tantalum project in Québec [5]. Group 3: Niobium Industry Insights - Niobium is a ductile and malleable metal known for its high resistance to corrosion, enhancing the properties of materials used in various sectors, including Mobility, Structural, and Energy [6]. - The addition of niobium to materials like steel, glass, and aluminum castings improves efficiency and reduces environmental impacts, thereby increasing their value [6].
Surge Copper Announces Berg Project Acceptance into BC Critical Minerals Office
Globenewswire· 2026-02-20 20:30
Core Insights - Surge Copper Corp. has announced the acceptance of its Berg Project into the British Columbia government's Critical Minerals Office, highlighting its strategic importance in the context of national and provincial critical minerals objectives [1][2][3] Group 1: Project Overview - The Berg Project is expected to produce significant quantities of critical minerals, including copper and molybdenum, potentially ranking among the largest outputs in Canada, thereby reinforcing its strategic importance to British Columbia's economic goals [2][4] - Surge Copper Corp. is advancing a Pre-Feasibility Study to further define the technical and economic parameters of the Berg Project, which has a projected mine life exceeding 30 years [6] Group 2: Government Support - The inclusion of the Berg Project in the Critical Minerals Office reflects the British Columbia government's recognition of its potential contribution to the province's critical minerals strategy, providing coordinated support across various ministries [3][4] - The Minister of Mining and Critical Minerals emphasized the importance of partnerships in advancing critical mineral development, indicating that the Berg Project represents a significant opportunity for economic resilience and global supply chain security [4][5] Group 3: Community Engagement - Surge Copper Corp. is committed to working closely with local First Nations, ensuring early engagement and transparent communication as part of its project advancement strategy [7][5] - The Vice President of Environment and Regulatory Affairs highlighted the importance of collaboration with provincial agencies and First Nations in advancing large-scale projects responsibly and efficiently [5]
Century Aluminum Company Statement on U.S. Supreme Court IEEPA Ruling
Globenewswire· 2026-02-20 20:29
Core Viewpoint - Century Aluminum Company supports the U.S. Supreme Court's decision regarding tariffs under the International Emergency Economic Powers Act (IEEPA) and emphasizes the importance of these tariffs in promoting American industry and jobs [1][2]. Group 1: Company Commitment and Actions - Century Aluminum stands firmly behind President Trump's America First trade policies, which have been crucial for leveling the playing field for American industries and restoring the U.S. industrial base [2]. - The company is the largest producer of aluminum in the United States, smelting nearly 60% of the country's primary aluminum and employing more American primary aluminum workers than any other company [3]. - Century Aluminum plans to invest billions in new and expanded production at its Mt. Holly and Oklahoma smelter projects, contributing to the growth of U.S. aluminum production [3][4]. Group 2: Production Expansion and Job Creation - The company is set to increase total U.S. primary aluminum production by almost 10% through the expansion of its Mt. Holly, S.C. smelter [4]. - Century Aluminum is planning to build the first new American aluminum smelter in nearly 50 years in Inola, Oklahoma, which will double U.S. production and create over 1,000 permanent jobs and 4,000 construction jobs [4].
Eupraxia Pharmaceuticals Announces Closing of US$63.2 Million Public Offering Including Full Exercise of Underwriter Option
Globenewswire· 2026-02-20 20:10
VICTORIA, British Columbia, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Eupraxia Pharmaceuticals Inc. (“Eupraxia” or the “Company”) (NASDAQ:EPRX) (TSX:EPRX), a clinical-stage biotechnology company leveraging its proprietary Diffusphere™ technology designed to optimize local, controlled drug delivery for applications with significant unmet need, is pleased to announce the successful closing of its previously announced public offering (the "Offering") of 7,607,145 common shares of the Company (the “Common Shares"), whi ...
U.S. Food and Drug Administration (FDA) Accepts Teva's New Drug Application (NDA) for Olanzapine Extended-Release Injectable Suspension (TEV-'749) for the Once-Monthly Treatment of Schizophrenia in Adults
Globenewswire· 2026-02-20 19:43
Olanzapine long-acting injectable (LAI) suspension (TEV-'749) has the potential to offer the efficacy of olanzapine in a once-monthly, subcutaneous formulation1If approved, TEV-'749 could help address a significant unmet need in available schizophrenia treatment options by addressing the lack of viable long-acting olanzapine formulations1Teva is committed to advancing this innovative treatment option and further building on its differentiated LAI franchise and scientific leadership in complex neurological c ...
Glen Burnie Bancorp Announces Retirement of Board Chair John Demyan and Appointment of New Board Chair Jay Baldwin
Globenewswire· 2026-02-20 19:36
GLEN BURNIE, Md., Feb. 20, 2026 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Company”) (OTCQX: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today that current board member and local business leader, Jay Baldwin, has assumed the role of Chair of the Board of Directors effective immediately. Baldwin succeeds John “Jack” E. Demyan who announced his retirement at the February 19, 2026, meeting of the Glen Burnie Bancorp Board of Directors. Demyan retires after serving as Chair si ...
Kaldvik AS (KLDVK): Q4 2025 Quarterly Update and Webcast - 25 February 2026
Globenewswire· 2026-02-20 19:00
Kaldvik AS will publish its Q4 2025 quarterly update on 25 February 2026 at 07:00 CET. A webcast presentation of the Q4 2025 quarterly update will be held at 10:00 CET (09:00 Icelandic time) the same day. CEO Vidar Aspehaug and CFO Hjalti Hvítklett will present the Company’s results. The session will be held in English and conducted online. A Q&A session will follow the presentation. The webcast can be accessed via the following link: www.kaldvik.is/live Kaldvik AS publishes full financial statements semi-a ...