Workflow
Renault Group strengthens its presence in India to support its international ambitions
Globenewswire· 2025-08-01 05:00
Core Insights - Renault Group is enhancing its presence in India by acquiring Nissan's remaining 51% stake in the Chennai plant, making it the sole owner [1][7] - The company aims to establish India as a key international hub, supported by the opening of its largest design center outside France and the launch of new vehicle models [1][3] - Stéphane Deblaise has been appointed as CEO of Renault Group in India, effective September 1, 2025, to lead the strategic initiatives in the region [5][7] Company Strategy - The acquisition of the Chennai plant aligns with Renault's International Game Plan 2027 strategy, focusing on India as a crucial market for growth [3][7] - The Chennai plant has produced over 2.8 million vehicles since its launch in 2010, with an annual production capacity exceeding 400,000 vehicles [9][10] - Renault Group plans to launch four new models, starting with the New Renault Triber, to strengthen its product offering in India [4][5] Market Context - India is recognized as the world's third-largest automotive market, with a population where over 50% is under the age of 28, making it a significant driver of innovation [3][7] - The Indian automotive market is projected to grow by 3.5% in 2025, following a 7% increase in 2024, indicating a robust growth trajectory [7] - The Chennai plant is supported by nearly 300 local suppliers, enhancing its operational capabilities and competitiveness [9]
Nyrstar NV - Change of Registered Office Address
Globenewswire· 2025-08-01 05:00
Core Viewpoint - Nyrstar NV has officially changed its registered office address to a new location in Turnhout, Belgium effective from August 1, 2025 [1]. Company Information - Nyrstar NV is incorporated in Belgium and is listed on Euronext Brussels under the symbol NYR [1]. - The new registered office address is Harmoniestraat 52, building B, box 29, 2300 Turnhout, Belgium [1].
Stallion Uranium Announces Update to Previously Announced Technology Licensing Agreement
Globenewswire· 2025-08-01 01:17
Core Viewpoint - Stallion Uranium Corp. has entered into a technology licensing agreement to enhance its mineral exploration capabilities through proprietary technology developed by a Ph.D. geologist [1][2]. Group 1: Technology Licensing Agreement - The technology licensing agreement was established on July 7, 2025, between Stallion Uranium Corp. and Matthew J. Mason, who holds the exclusive license to the proprietary technology [1]. - The license is valid for a period of 2 years, as per the underlying agreement dated February 6, 2025, between the Lessor and the Licensor [2]. - An unincorporated joint venture will be formed, with the Licensor contributing the technology and the Lessor providing funding and marketing expertise [2]. - The Licensor has already advanced funds amounting to GBP280,000 under the terms of the underlying agreement [2]. Group 2: Share Issuance and Escrow - Stallion Uranium Corp. will issue 3,750,000 common shares to the Lessor as part of the technology licensing agreement, which will be subject to a tier 2 value escrow agreement [3]. - Under this escrow agreement, 10% of the escrowed securities will be released upon the Final TSX-V Bulletin, with 15% being released every six months thereafter until fully released [3]. Group 3: Company Overview - Stallion Uranium Corp. is focused on uranium exploration in the Athabasca Basin, covering approximately 1,700 square kilometers, which is known for having the largest high-grade uranium deposits globally [5]. - The company, in partnership with Atha Energy, holds the largest contiguous project in the Western Athabasca Basin, adjacent to multiple high-grade discovery zones [5]. - The leadership team consists of experts in uranium and precious metals exploration, equipped with capital markets experience and technical talent for early-stage property acquisition and exploration [6].
HCM III Acquisition Corp. Announces Pricing of $220 Million Initial Public Offering
Globenewswire· 2025-08-01 00:37
Group 1 - The company, HCM III Acquisition Corp., has priced its initial public offering (IPO) at $10.00 per unit, consisting of 22,000,000 units [1] - Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with the warrants exercisable at $11.50 per share [1] - The units will be listed on the Nasdaq Global Market under the ticker symbol "HCMAU" starting August 1, 2025 [1] Group 2 - Cantor Fitzgerald & Co. is the sole bookrunner for the offering and has a 45-day option to purchase an additional 3,300,000 units to cover over-allotments [2] - The company aims to identify businesses that provide disruptive technology or innovations within the financial services industry [3][7] - The focus will be on acquiring established businesses that are fundamentally sound but require assistance to maximize their potential value [3][7] Group 3 - A registration statement for the securities was filed with the SEC and declared effective on July 31, 2025 [5] - The public offering is being made only by means of a prospectus, which will be available from Cantor Fitzgerald & Co. [4]
Perseus Mining announces retirement of CEO and appointment of new CEO
Globenewswire· 2025-07-31 23:58
Core Viewpoint - Perseus Mining Limited announces the retirement of its long-serving Managing Director and CEO, Jeff Quartermaine, effective September 30, 2025, after 12 years in the role, during which he transformed the company into a leading multi-mine gold producer in Africa [2][3][7]. Company Transformation - Jeff Quartermaine joined Perseus in 2010 as CFO and became CEO in 2013, leading the company from a single-mine operation to a multi-mine, multi-jurisdictional gold producer with three operating mines and a fourth under construction [3][7]. - Under Quartermaine's leadership, Perseus has become one of the most profitable gold producers globally and joined the ASX100 index in June 2025 [7]. Future Leadership - Craig Jones, former global COO of Newcrest, will replace Quartermaine as MD and CEO, starting August 18, 2025, and officially assuming the role on October 1, 2025 [6][11]. - Jones brings over 25 years of global experience in the mining sector, with a strong background in stakeholder management and sustainable practices [8][10]. Company Operations - Perseus currently operates three gold mines: Edikan in Ghana, and Yaouré and Sissingué in Côte d'Ivoire, with a fourth mine, Nyanzaga, in Tanzania, expected to commence production in Q1 CY2027 [4][7]. Leadership Acknowledgment - Perseus's Chairman, Rick Menell, expressed gratitude for Quartermaine's contributions, highlighting his role in establishing a solid foundation for the company's future growth [4][11].
MediciNova Announces Signing of a Standby Equity Purchase Agreement for up to $30 Million
Globenewswire· 2025-07-31 23:30
LA JOLLA, Calif., July 31, 2025 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ: MNOV) and the Standard Market of the Tokyo Stock Exchange (Code Number: 4875) (the “Company”), announces a Standby Equity Purchase Agreement (SEPA) for up to $30 million worth of common stock over the course of 36 months. Under the Agreement, the Company shall have the right, but not the obligation, to sell its common stock in individual transactions – or advances – w ...
Acceleware Ltd. Announces Closing of First Tranche of Non-Brokered Private Placement
Globenewswire· 2025-07-31 23:07
Core Viewpoint - Acceleware Ltd. has successfully closed the first tranche of a non-brokered private placement, raising a total of $791,334.20 through the issuance of 7,913,342 units at a price of $0.10 per unit, with plans for additional tranches in the future [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at an exercise price of $0.20, expiring 24 months from issuance [2]. - The common shares and warrants issued will be subject to a four-month hold period, expiring on December 2, 2025, in accordance with securities legislation [3]. - Insiders purchased a total of 1,300,000 units in the private placement, which is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority approval requirements [5]. Group 2: Use of Proceeds - The proceeds from the private placement are intended to fund a portion of the RF XL 2.0 redeployment plan, advance commercialization of new RF heating applications, and support general corporate purposes [4]. Group 3: Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for large industrial applications, aiming to electrify and decarbonize industrial process heat while reducing costs [6]. - The company is developing its patented Clean Tech Inverter to enhance the efficiency of amine regeneration and is collaborating with a consortium to decarbonize potash ore drying and other critical minerals [7]. - Acceleware's RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [8].
Casella Waste Systems, Inc. Announces Pricing of Remarketed Finance Authority of Maine Solid Waste Disposal Revenue Bonds
Globenewswire· 2025-07-31 22:57
Core Viewpoint - Casella Waste Systems, Inc. is proceeding with the remarketing of $29.0 million of Solid Waste Disposal Revenue Bonds, with a new interest rate of 5.000% per annum, effective August 1, 2025 [1][2] Group 1: Bond Details - The original aggregate principal amount of the Bonds was $30.0 million, with a final maturity date of August 1, 2035 [1] - Casella plans to redeem $1.0 million of the Bonds on August 1, 2025, using cash on hand [1] - The remarketing of the remaining $29.0 million will occur on August 1, 2025, and the new bonds will be designated as Series 2015R-3 [1] Group 2: Guarantee and Payment Structure - The Bonds and Remarketed Bonds are guaranteed by all or substantially all of Casella's subsidiaries [2] - These Bonds are not a general obligation of the Issuer and are payable solely from amounts received from Casella under the terms of the Indenture [2] Group 3: Regulatory and Offering Information - The Remarketed Bonds are being offered only to qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933 [3] - The Remarketed Bonds have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption [3]
CLEAR Joins White House and CMS Effort to Power an Interoperable, Secure Digital Health Ecosystem
Globenewswire· 2025-07-31 22:48
As the IAL2 identity layer for major healthcare partners, CLEAR supports CMS’s nationwide initiative to modernize care through trusted, interoperable technologiesNEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- CLEAR (NYSE: YOU), the secure identity platform, is participating in the Centers for Medicare & Medicaid Services (CMS) Health Tech Ecosystem initiative, a nationwide effort to deliver a more connected, patient-centered healthcare system. CLEAR was proud to stand alongside government, healthcare, and tech ...
UPDATE – Lincoln Educational Services Corporation Schedules Second Quarter Earnings Release and Conference Call
Globenewswire· 2025-07-31 22:07
Company Overview - Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education, offering programs in skilled trades, automotive technology, health sciences, and information technology [4]. - The company has been providing skilled technicians to the workforce since its inception in 1946 [4]. - Lincoln operates 21 campuses across 12 states under three brands: Lincoln College of Technology, Lincoln Technical Institute, and Nashville Auto Diesel College [5]. Upcoming Financial Results - Lincoln will host a conference call to discuss its second quarter financial results on August 11, 2025, at 10:00 a.m. Eastern time [1]. - A news release outlining Lincoln's financial results will be issued before 9:30 a.m. Eastern time on the same day [1]. Accessing the Conference Call - Participants can access the live webcast of the conference call through the investor relations section of Lincoln's website [2]. - Registration for the teleconference is required, and participants will receive a personalized PIN for access [2]. - An archived version of the webcast will be available for 90 days on Lincoln's website [3].