CRML Confirms Outstanding 2.96% TREO and HREO Refined Concentrate, Yielding ~40% Increase in Historical Metallurgical Test Work Results at Tanbreez
Globenewswire· 2026-03-31 13:15
Core Insights - Critical Metals Corp. has successfully replicated historical metallurgical test results from 2016, confirming improved concentrate recovery rates through new technology [1][3][4] Group 1: Test Results and Improvements - The 2025 test work program achieved up to approximately 40% improved refined concentrate compared to the 2016 results, with total TREEs recovery significantly enhanced [3][9] - The new process confirmed the recovery of all eight significant rare earth elements (REEs), including heavy rare earth elements (HREEs), with recovery rates exceeding 85% [4][6] - Modifications to the flowsheet in the primary magnetic separation stage allowed for better recovery of magnetic and paramagnetic materials, leading to a higher-grade eudialyte concentrate [5][6] Group 2: Project Development and Future Plans - The company plans to transition from laboratory-scale testing to pilot plant operations, scheduled to begin in May 2026, which will include the production of a simulated 1:100 pilot-scale concentrate [8][12] - A replacement Preliminary Economic Assessment (PEA) will be issued to confirm pilot plant concentrate production results approximately three months before a revised Definitive Feasibility Study (DFS) is released [7] - Ongoing test work and field activities in Greenland are in the final stages of planning to support the supply of fresh pilot plant feed starting in May 2026 [9][12] Group 3: Strategic Positioning - Critical Metals Corp. is focused on advancing the Tanbreez Project, which is one of the world's largest rare-earth deposits located in Southern Greenland, with year-round shipping access [14] - The company also holds the Wolfsberg Lithium Project, the first fully permitted mine in Europe, strategically positioned to support the European market for lithium products [15] - The company aims to become a reliable supplier of critical minerals essential for defense applications and the clean energy transition [15]
Annual results for 2025
Globenewswire· 2026-03-31 13:15
Core Insights - The company reported a total loss from continuing operations after tax of EUR -5.9 million for the fiscal year 2025, compared to a loss of EUR -0.1 million in 2024, primarily due to a negative fair market value adjustment of EUR -7.2 million [3] - The group's revenue from continuing activities increased to EUR 5.0 million in 2025, up from EUR 4.7 million in 2024 [3] - Total equity decreased to EUR 57.2 million in 2025 from EUR 63.1 million in 2024, resulting in an equity ratio of 60.6%, down from 64.6% in the previous year [3] - The management anticipates a profit before value adjustment and tax in the range of EUR 0.2 - 0.8 million for the fiscal year 2026, although this is subject to uncertainties related to macroeconomic conditions and geopolitical developments [3] Financial Performance - The loss from continuing operations after tax for 2025 was EUR -5.9 million, compared to EUR -0.1 million in 2024 [3] - Revenue from continuing activities for 2025 was EUR 5.0 million, an increase from EUR 4.7 million in 2024 [3] - The total equity of the Group as of December 31, 2025, was EUR 57.2 million, down from EUR 63.1 million in 2024, leading to an equity ratio of 60.6% [3] Future Outlook - Management expects a result before value adjustment and tax for 2026 to be between EUR 0.2 - 0.8 million [3] - The outlook for 2026 is influenced by uncertainties in the macroeconomic environment, including potential interest rate changes and geopolitical issues such as the war in Iran [3]
Innovative Payment Solutions, Inc. (IPSI) Announces First Revenue from Astria Insurance Solutions Inc., Marking Initial Monetization of Insurance Platform Strategy
Globenewswire· 2026-03-31 13:15
Core Insights - Innovative Payment Solutions, Inc. (IPSI) has achieved its first revenue milestone through its subsidiary Astria Insurance Solutions Inc. (AIS) under a Marketing & Services Agreement [1][2][3] Group 1: Revenue Generation - AIS has successfully launched its insurance marketing platform and completed initial sales, leading to the generation of revenue [2][3] - The first Software as a Service (SaaS) revenue payment is expected to be deposited in early April 2026 [2] Group 2: Leadership and Strategy - IPSI appointed Jackie Martine as VP of Payment Solutions Products, enhancing its leadership team as it expands its fintech and payments ecosystem [3][4] - Ms. Martine brings over 20 years of industry experience, including significant roles at Worldpay, and will focus on leading IPSI's payment product strategy [4] Group 3: Product Expansion - Under Ms. Martine's leadership, IPSI plans to broaden its financial product offerings, including Neobank solutions, salary advance programs, micro-loans, and a consumer financial services marketplace [5] - Many of these products will feature instant payments and account-to-account capabilities, aligning with IPSI's goal of providing modern financial infrastructure [5] Group 4: Company Vision - IPSI aims to build a fully integrated insurance and financial services platform, combining insurance distribution with advanced payment infrastructure [6] - The company is focused on scaling operations through increased marketing activity and expanding licensing to accelerate growth [7]
Canaan Inc. to Present at Jefferies Virtual Power x Data Center Conference
Prnewswire· 2026-03-31 13:05
Core Viewpoint - Canaan Inc. will present at the Jefferies Virtual Power x Data Center Conference on March 31, 2026, showcasing its innovations in crypto mining [1][2]. Company Overview - Canaan Inc. is a technology company established in 2013, focusing on ASIC high-performance computing chip design, research and development, production of computing equipment, and software services [3]. - The company is recognized for shipping the world's first batch of mining machines using ASIC technology under the Avalon brand, currently holding the second largest share of the global bitcoin mining market [3]. - Canaan went public on the Nasdaq Global Market in 2019 [3].
Mike Tyson and TerrAscend Expand TYSON 2.0 Footprint into Pennsylvania and Maryland
Globenewswire· 2026-03-31 13:05
Core Viewpoint - TerrAscend Corp. has officially launched TYSON 2.0 products in Pennsylvania and Maryland, marking a significant milestone in its partnership with Mike Tyson's cannabis brand [1][2]. Product Launch - The initial rollout includes premium flower and high-potency vapes, available at TerrAscend's Apothecarium dispensaries and through third-party wholesale partners [2]. - In Pennsylvania, the launch features 3.5g and 28g premium flower jars alongside live resin disposable vapes, while Maryland will debut 3.5g and 14g flower SKUs and distillate vapes, with more product formats expected throughout 2026 [5]. Executive Commentary - Mike Tyson expressed enthusiasm for the launch, emphasizing that the brand reflects his personal journey with cannabis and aims to provide quality and intensity to consumers [2]. - Jason Wild, Executive Chairman of TerrAscend, highlighted the importance of Tyson's energy and focus in the industry and the company's ability to leverage its cultivation and retail footprint for this expansion [2]. Company Overview - TerrAscend is a leading cannabis company listed on the TSX, with operations across North America, including Pennsylvania, New Jersey, Maryland, Ohio, and California [3]. - The company operates The Apothecarium and other retail locations, along with cultivation, processing, and manufacturing facilities, ensuring high-quality cannabis products for both medical and adult-use markets [3]. - TerrAscend owns or licenses several brands, including Cookies, Lemonnade, and Wana, enhancing its product offerings [3].
WeRide and Uber Launch Fully Driverless Robotaxi Fare-Charging Operations in Dubai, Accelerating Autonomous Mobility in the Middle East
Globenewswire· 2026-03-31 13:03
Core Insights - WeRide and Uber have launched fully driverless Robotaxi operations in Dubai, marking a significant milestone in their partnership and supporting Dubai's goal of 25% autonomous journeys by 2030 [1][5][10] Group 1: Launch Details - Public operations commenced in Jumeirah and Umm Suqeim, popular tourist districts, allowing riders to book WeRide Robotaxis via the Uber app [2][5] - The Roads and Transport Authority (RTA) of Dubai endorsed the service, which follows a successful trial that began in December 2025 [3][5] Group 2: Expansion Plans - WeRide plans to progressively extend its service to various busy transport and commercial areas in Dubai, reinforcing the UAE's smart mobility agenda [3][7] - The company aims to deploy at least 1,200 Robotaxis across the Middle East, including Dubai, Abu Dhabi, and Riyadh, with over 200 already operational in the region [10] Group 3: Company Background - WeRide is recognized as a leader in the autonomous driving industry, having tested or operated vehicles in over 40 cities across 12 countries [11] - The company has received autonomous driving permits in eight markets, including the UAE, and was the first to obtain a national license for self-driving vehicles in the UAE [10][11] Group 4: Strategic Partnerships - Uber holds approximately 5.82% of WeRide's Class A ordinary shares, indicating strong confidence in WeRide's technological capabilities and strategic value [9] - Tawasul will manage the fleet operations for WeRide's vehicles on the Uber platform, enhancing service delivery [2]
Oak Ridge Financial Services, Inc. Announces Kevin Reid to Executive Vice President
Globenewswire· 2026-03-31 13:00
OAK RIDGE, N.C., March 31, 2026 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), officially announces the promotion of Kevin Reid to Executive Vice President. “I am pleased to share that Kevin Reid has been promoted to Executive Vice President,” said Thomas W. Wayne, CEO. “Since joining the Bank, Kevin has consistently demonstrated strong leadership and a deep commitment to our financial strength, opera ...
Touch Taiwan 2026: AUO Group Opens a New Chapter in Display Innovation with AUO Display Plus Driving AI and Green Vertical Applications
Globenewswire· 2026-03-31 13:00
Core Insights - AUO Group showcases innovations in display technologies at Touch Taiwan 2026, emphasizing its leadership in vertical applications and sustainable solutions [1][2] Group-Wide Innovations - AUO's subsidiary, Yenrich Technology, debuts miniaturized LED technologies for fine-pitch displays, enhancing high-end display applications across various sectors [2] - ADP introduces a next-generation retail vision combining Micro LED technology with AI applications, focusing on sustainable and interactive retail experiences [3] Smart Healthcare Solutions - ADP supports both Western and Traditional Chinese Medicine with advanced display technologies, enhancing surgical imaging and optimizing healthcare processes [4] - ADP unveils naked-eye 3D display technology for operating rooms, significantly improving surgical efficiency and reducing visual fatigue for surgeons [9][10] Retail Solutions - ADP's AecoRetail Solution includes AecoPost and AecoTag, promoting low-carbon operations through centralized management and real-time updates [5][7] - AecoPost features ultra-low-power technology with a battery life of up to six months, ideal for retail environments [6] - AecoTag integrates seamlessly with existing retail systems, enhancing operational efficiency and supporting marketing campaigns [7] Display Experience Enhancements - Yenrich Technology provides end-to-end solutions for immersive display experiences, utilizing miniaturized LED technologies for various applications [12][13] - The LED solutions offer high resolution and design flexibility, suitable for diverse environments including luxury retail and corporate showrooms [13] Company Overview - AUO, founded in 1996, is a technology-oriented company with a global workforce of 41,000, committed to ESG sustainability and recognized in the Dow Jones Sustainability World Index for 14 years [18]
Vaso Corporation Announces Financial Results for Fourth Quarter and Full Year 2025
Globenewswire· 2026-03-31 13:00
Core Insights - Vaso Corporation reported a record annual revenue of $89.1 million for fiscal year 2025, marking a 3% increase from the previous year despite the sale of its healthcare IT business unit [2][7] - The company achieved a gross profit of $54.7 million, up 5% year-over-year, and net income increased to $1.6 million from $951 thousand in 2024, driven by higher gross profit and tax benefits [2][10] - Operating cash flow was strong at $9.3 million, with cash and cash equivalents totaling $35.1 million as of December 31, 2025 [2][12] Financial Performance Overview - For the three months ended December 31, 2025, revenue was $27.0 million, unchanged from the same quarter in 2024, with a 7.9% decline in the IT segment due to the sale of the healthcare IT business [3][6] - Gross profit for Q4 2025 increased by 2.3% to $17.6 million, attributed to a higher gross margin [4] - SG&A expenses rose by 5.9% to $15.5 million in Q4 2025, primarily due to increased personnel and travel costs [5] Yearly Financial Results - Total revenue for the year ended December 31, 2025, increased by $2.3 million, or 2.7%, compared to 2024 [7] - IT segment revenue decreased by 1.1% to $42.5 million, while professional sales service segment revenue increased by 6.9% to $44.2 million [7][8] - SG&A expenses for the year increased by 6.6% to $52.2 million, representing 58.6% of total revenue [9] Profitability Metrics - Net income for the year was $1.6 million, an increase of $618 thousand from 2024, mainly due to higher gross profit and tax benefits [10] - Adjusted EBITDA for the year was negative $1.5 million, a decline from $1.0 million in 2024, primarily due to lower operating income [11] - Deferred revenue increased to $38.6 million as of December 31, 2025, reflecting strong order bookings in the professional sales service segment [13]
Transglobal Management Group, Inc. Reports Strong Quarterly Revenue Growth Driven by Stand-By Golf
Globenewswire· 2026-03-31 13:00
Financial Performance - Transglobal Management Group, Inc. reported strong financial results for the third fiscal quarter ended February 28, 2026, with Stand-By Golf generating gross revenues of approximately $450,000, marking a nearly 70% increase compared to the prior quarter [1] Strategic Outlook - The company expects Stand-By Golf to play a central role in its long-term growth strategy, focusing on customer retention, expanding course partnerships, and increasing utilization across the platform [2] - Stand-By Golf offers golfers savings of 20% to 60% on tee times at over 200 championship-caliber courses in key markets such as Phoenix/Scottsdale, Palm Springs, and Las Vegas [2] Company Overview - Transglobal Management Group, Inc. is a publicly traded company focused on building value through strategic acquisitions and operational growth in golf and leisure, hospitality, and technology-enabled services [3] - Following its acquisition of GETGOLF, LLC, the company has expanded its footprint as a diversified platform operating at the intersection of sports, travel, and digital commerce [3] About GETGOLF, LLC - GETGOLF is an emerging international golf platform that integrates real-time tee-time booking, travel planning, social networking, and other services to connect golfers and courses worldwide, with a scheduled launch in the fourth quarter of 2026 [4]