Castellum, INC.'s CEO Provides Its Shareholders a Corporate Update
Globenewswire· 2025-12-09 11:45
Core Viewpoint - Castellum, Inc. has experienced a transformative year in 2025, moving from significant debt and insufficient cash flow to a position of confidence and potential for strong growth, with stock performance improving significantly from below $0.20 to a more favorable standing [3][12]. Company Performance and Achievements - The company has not only overcome previous financial challenges but has also achieved key accomplishments over the past year, indicating a shift towards a more stable and successful operational model [4][6]. - Castellum emphasizes a culture of "sustained excellence," inspired by military principles, which has contributed to its successful year and ongoing commitment to its mission customers [6][11]. Leadership and Team - The CEO expresses gratitude towards the team and acknowledges the contributions of key personnel, particularly the General Counsel and Chief Strategy Officer, who played a significant role in building the company [7]. - The leadership philosophy is rooted in military values, fostering a competitive and dedicated environment that drives the company's success [5][6]. Future Strategy - Looking ahead to 2026, Castellum plans to focus on organic growth, winning prime contracts, and investing in solutions and products to enhance capabilities for national security customers [8][9]. - The company aims to build a resilient business with diversified customers and scalable technology solutions, emphasizing growth not just for size but to increase opportunities and long-term shareholder value [10][11].
Magna Mining Continues to Intersect Copper and Precious Metal Bearing Veins in Multiple Drill Holes at Levack Mine’s R2 Target in Sudbury, Including 25.0% Copper, 34.7 g/t Pt+Pd+Au, and 151 g/t Silver over 0.4 metres
Globenewswire· 2025-12-09 11:45
Core Viewpoint - Magna Mining Inc. has reported significant exploration results from the Levack Mine, indicating the presence of high-grade copper and precious metals in the R2 target area, with mineralization extending over a vertical depth of more than 200 meters and remaining open for further exploration [1][4]. Exploration Results - Four diamond drill holes tested the R2 target, with all intersecting multiple veins containing high-grade copper and precious metals [1]. - Notable assay results include: - FNX6083-W3: 12.9% Cu, 140.7 g/t Pt+Pd+Au, and 78.0 g/t Ag over 0.3 meters [2]. - FNX6083-W4: 12.3% Cu, 22.2 g/t Pt+Pd+Au, and 78.9 g/t Ag over 1.3 meters [2]. - FNX2026-W1: 4.5% Cu, 12.4 g/t Pt+Pd+Au, and 30.0 g/t Ag over 0.3 meters [2]. - FNX2026-W2: 24.8% Cu, 26.3 g/t Pt+Pd+Au, and 153.0 g/t Ag over 0.3 meters [2][3]. Geological Insights - The R2 mineralization is interpreted to be part of a significant footwall Cu-precious metals system centered near the Fecunis fault, potentially associated with the Levack No. 3 Footwall Zone and the Morrison Footwall Cu-PGE Deposit [4]. - The drilling has identified at least two principal vein orientations over a vertical extent of approximately 215 meters and a strike length of up to 85 meters [4]. Future Exploration Plans - The company continues to focus on defining and extending mineralization at the R2 target while exploring for new Cu-precious metals footwall systems at Levack [1][4]. - Ongoing drilling efforts include two surface and two underground drill rigs to expand the R2 target area and test for faulted offsets of R2 east of the Fecunis fault [4]. Company Overview - Magna Mining Inc. is a producing mining company with a portfolio of copper, nickel, and platinum group metals assets located in the Sudbury mining district of Ontario, Canada [18]. - The primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of prospective past-producing properties including Levack [18].
Descartes Announces TSX Acceptance of Normal Course Issuer Bid
Globenewswire· 2025-12-09 11:45
Core Viewpoint - Descartes Systems Group Inc. has announced the initiation of a Normal Course Issuer Bid (the Bid) to repurchase up to 8,568,582 common shares, approximately 10% of its public float, to enhance shareholder value and manage its capital position [1][2][6]. Group 1: Bid Details - The Bid will commence on December 11, 2025, and will conclude on December 10, 2026, or upon completion of the share purchases [2]. - Descartes plans to repurchase shares on the open market, with a daily purchase limit of 51,176 common shares based on the average daily trading volume [3]. - The repurchases will be funded using existing cash resources, and any shares repurchased will be cancelled [4]. Group 2: Automatic Share Purchase Plan - Descartes has established an automatic share purchase plan (ASPP) with a designated broker to facilitate share purchases during periods when the company is typically restricted from buying shares [5]. Group 3: Share Structure - As of November 30, 2025, Descartes had 85,986,823 issued and outstanding common shares, with a public float of 85,685,826 common shares [6].
Lands' End Announces Third Quarter 2025 Results
Globenewswire· 2025-12-09 11:45
Core Insights - Lands' End, Inc. reported a strong third quarter for fiscal 2025, highlighting a 28% increase in Adjusted EBITDA and a net income of $5.2 million, compared to a net loss in the same quarter of the previous year [2][3][5] Financial Performance - Gross Merchandise Value (GMV) increased low-single digits compared to Q3 2024, while net revenue was $317.5 million, a slight decrease of 0.3% from $318.6 million in Q3 2024 [4] - U.S. Digital Segment net revenue rose to $277.5 million, up 1.5% from $273.5 million in Q3 2024 [4] - U.S. eCommerce net revenue decreased by 3.4% to $179.8 million, attributed to improved promotional productivity and inventory efficiency [4] - Outfitters net revenue increased by 7.4% to $78.8 million, driven by a strong back-to-school season [4] - Third Party net revenue surged by 34.0% to $18.9 million, primarily due to growth in marketplace partners like Amazon and Macy's [4] - Europe eCommerce net revenue fell by 20.8% to $19.8 million, impacted by increased promotional activity and macroeconomic pressures [4] - Licensing and Retail net revenue slightly increased by 0.5% to $20.2 million, with licensing revenue growing over 30% [4] Profitability Metrics - Gross profit for Q3 2025 was $164.5 million, a 2.1% increase from $161.1 million in Q3 2024, with gross margin improving by approximately 120 basis points to 51.8% [4][10] - Selling and administrative expenses decreased by $2.3 million to $138.6 million, representing 43.7% of net revenue, reflecting operational efficiencies [4] - Adjusted net income was $6.5 million, with Adjusted diluted earnings per share at $0.21, compared to $1.8 million and $0.06 in Q3 2024 [5][4] Balance Sheet and Cash Flow - Cash and cash equivalents increased to $36.3 million as of October 31, 2025, up from $30.4 million a year earlier [6] - Inventories rose by 3% year-over-year to $347.6 million, primarily due to tariffs [6] - Net cash used in operating activities was $15.2 million for the 39 weeks ended October 31, 2025, compared to $12.2 million for the same period in 2024 [7] Strategic Outlook - The company is exploring strategic alternatives, including potential sale or merger, to maximize shareholder value [12][13] - For fiscal 2025, the company expects net revenue between $1.33 billion and $1.36 billion, with Adjusted EBITDA projected in the range of $99.0 million to $104.0 million [11][12]
Comstock Metals Receives Recognition for Its Business Development From Economic Development Authority of Western Nevada (EDAWN) And Nevada's Publicly Elected Officials
Globenewswire· 2025-12-09 11:15
Core Viewpoint - Comstock Inc. and Comstock Metals LLC have been recognized for their exceptional growth and commitment to sustainability in the recycling of end-of-life solar panels, contributing positively to the regional economy of northern Nevada [1][2]. Group 1: Company Achievements - Comstock Metals has received accolades for its innovation, workforce excellence, and community partnerships, which are vital for diversifying the regional economy [1][2]. - The company has been officially recognized by U.S. Senator Catherine Cortez Masto, U.S. Senator Jacky Rosen, and Nevada Governor Joe Lombardo for its leadership and ongoing commitment to the local economy [2]. Group 2: Environmental Impact - Comstock Metals is strategically located in northern Nevada to address the growing issue of end-of-life solar panels, which pose environmental risks if not properly managed [3]. - The company’s recycling solutions aim to repurpose materials from solar panels, preventing hazardous waste from contaminating local ecosystems [3]. Group 3: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by converting under-utilized natural resources into reusable metals, primarily from end-of-life photovoltaics [4].
OBOOK Holdings Inc. (OWLS) Collaborates with Visa to Launch OwlPay Cash App for Remittances
Globenewswire· 2025-12-09 11:14
Core Viewpoint - OBOOK Holdings Inc. is launching OwlPay Cash, a mobile-first remittance app in collaboration with Visa, enabling U.S. users to send money directly to bank accounts in 26 countries, significantly reducing costs and improving transaction speed [3][4][5]. Company Overview - OBOOK Holdings Inc. operates as the OwlTing Group, focusing on blockchain technology and has a diversified ecosystem across payments, hospitality, and e-commerce [7]. - The company is headquartered in Taiwan and has subsidiaries in multiple countries, including the U.S., Japan, and Singapore [7]. Product Features - OwlPay Cash utilizes Visa Direct, connecting to over 11 billion endpoints globally, which helps reduce hidden fees and provides transparency on foreign exchange rates [4]. - The app is designed to cut costs by up to 70% compared to traditional SWIFT options and will be available on major app stores [6][9]. - It offers a mobile-first design for quick and easy transfers, with no monthly fees and built-in foreign exchange conversion [9]. Market Context - Global remittances are projected to reach $905 billion in 2024, with $230 billion originating from the U.S., highlighting the significant demand for affordable remittance solutions [5]. - The U.S. has nearly 48 million immigrants, many of whom rely on remittances for essential expenses [5]. Regulatory Compliance - OwlPay Cash is licensed in 39 U.S. states and is ISO 27001 certified, ensuring user data protection and compliance with regulatory standards [9][11].
Amendment of certain final terms for exchange traded products with FX as underlying asset
Globenewswire· 2025-12-09 11:04
Core Viewpoint - Nordea Bank Abp has identified manifest errors in the final terms of certain financial instruments and is exercising its right to amend these terms to correct the errors [1] Group 1: Base Rates - Base Rate 1 is associated with various underlying assets including USDSEK, EURSEK, CHFSEK, NOKSEK, USDNOK, EURNOK, USDJPY, EURUSD, GBPUSD, and USDCAD, with specific references to SOFR, ESTER, and other rates [2] - Base Rate 2 includes underlying assets such as EURSEK, USDSEK, EURUSD, CHFSEK, USDJPY, NOKSEK, USDNOK, GBPUSD, and USDCAD, with references to STIBOR Overnight, SOFR, and CORRA [3] Group 2: Relevant Screen Pages - The Relevant Screen Page for Base Rate 1 lists underlying assets and their corresponding indices, including SOFRRATE Index for USDSEK and ESTRON Index for EURSEK [4] - For Base Rate 2, the Relevant Screen Page includes underlying assets with indices such as STIB1D Index for EURSEK and USDSEK, and SOFRRATE Index for EURUSD [5] Group 3: Additional Information - Additional underlying assets and their respective indices are provided, including MUTSCALM Index for USDJPY and CAONREPO Index for USDCAD [6]
UK-based Ray Systems Ltd Selects Beam Global to Develop and Deliver Battery Systems for Underwater Drones
Globenewswire· 2025-12-09 11:00
Core Insights - Beam Global has been selected by Ray Systems Ltd to design and deliver custom battery systems for next-generation underwater drones, highlighting Beam's expertise in energy-dense and safety-certified battery solutions [1][3] - The agreement was signed during Beam Global CEO Desmond Wheatley's trip to Europe and the Middle East, indicating a rising global demand for advanced underwater drone technologies [2][13] - The underwater drone market is projected to grow significantly, from USD 6.6 billion in 2025 to USD 17.3 billion by 2034, driven by demand across various industries [4] Company Overview - Beam Global specializes in sustainable infrastructure solutions for electrification, energy security, and smart city infrastructure, with operations in the U.S., Europe, and the Middle East [7] - Ray Systems Ltd focuses on developing autonomous underwater vehicles for military, industrial, and environmental applications, emphasizing low-signature systems for challenging marine environments [6] Product Differentiation - Beam Global's proprietary intelligent Battery Management System allows for real-time monitoring of battery health and charge, enhancing operational availability and mission durations for underwater drones [3] - The collaboration aims to optimize drone design by providing batteries that meet high standards without the constraints of off-the-shelf solutions [3]
Atos Drives Saudi Vision 2030 forward with leading sports and digital technologies at the second edition of World Football Summit in Riyadh
Globenewswire· 2025-12-09 11:00
Core Insights - Atos is committed to advancing Saudi Arabia's Vision 2030 through strategic partnerships in sports and technology, showcasing its capabilities at the World Football Summit in Riyadh [1][4] Company Overview - Atos is a global leader in digital transformation with approximately 67,000 employees and annual revenue of around €10 billion, operating in 61 countries [5] - The company specializes in cybersecurity, cloud services, and high-performance computing, positioning itself as the European leader in these areas [5] Sports Technology Leadership - Atos has over 30 years of experience in delivering innovative technology solutions for major sporting events, including its role as the Official IT Partner of UEFA National Team Football since 2022 [3] - The company has expanded its influence in South America as CONMEBOL's first Official Innovation Partner for Club Competitions, enhancing fan engagement through digital platforms [3] - Atos has a long-standing relationship with the Olympic and Paralympic Movements, providing advanced IT services for events like the Paris 2024 Games [3] Commitment to Saudi Arabia - Atos is enhancing its presence in Riyadh with a dedicated Sports Technology Centre of Excellence, aiming to support the Kingdom's sports and technology initiatives [4] - The company aims to replicate its global success in the Middle East, focusing on Saudi Arabia as a key player in its transformation strategy [4] Event Participation - Atos is participating as a key panel contributor and premium exhibitor at the World Football Summit, collaborating with partners like AWS and Paragon Global Brand [2][4] - The company is actively involved in discussions on digital innovations to enhance the global football fan experience [4] Broader Sporting Engagement - Beyond football, Atos is the Official Digital Partner for Special Olympics International, providing transformative technology for various global sporting events [4] - The company has successfully managed multiple Para Sports competitions, demonstrating its capability in orchestrating complex event operations [4]
Tower Semiconductor to Attend the Nomura’s CES Technology Conference
Globenewswire· 2025-12-09 11:00
MIGDAL HAEMEK, Israel, December 09, 2025 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high value analog semiconductor solutions, today announced that its company representatives will participate in the Nomura’s CES Technology Conference on Monday, January 5th and Tuesday, January 6th. The Conference will take place at the Bellagio Hotel in Las Vegas. There will be an opportunity for investors to meet one-on-one with company representatives. Interested investors should contact the confer ...