Azincourt Energy Commences Initial Work Program on the Harrier Uranium Project
Newsfile· 2025-08-13 07:01
Core Viewpoint - Azincourt Energy Corp. has initiated an introductory work program on the Harrier Uranium Project in Labrador, Canada, which is strategically located in a promising uranium region [2][3]. Company Overview - Azincourt Energy Corp. is a Canadian resource company focused on the acquisition, exploration, and development of alternative energy projects, including uranium and lithium [15]. Project Details - The Harrier Project encompasses 49,400 hectares across five license groups, making it one of the largest land positions in the Central Mineral Belt [3][7]. - The project includes the Snegamook deposit and is adjacent to significant uranium projects by Atha Energy and Paladin Energy, positioning Azincourt at the center of a growing uranium camp [3][7]. Geological and Mineralization Insights - The Harrier Project features over a dozen known uranium mineralization zones, with surface rock samples showing grades up to 7.48% U₃O₈, and 10 zones exceeding 1% U₃O₈ [4][7]. - Historical drilling has been limited, with only 124 drill holes completed, indicating substantial potential for new discoveries using modern exploration techniques [4][7]. Work Program Objectives - The introductory work program will last up to three weeks and includes helicopter-supported reconnaissance of existing uranium occurrences and prospecting of identified radiometric anomalies [5]. - The aim is to expand the target inventory and prepare high-priority targets for diamond drilling, particularly focusing on the Snegamook Uranium Deposit [5][6]. Future Plans - An updated NI 43-101 compliant resource estimate for the Snegamook Zone is planned for 2026, following historical drilling that identified significant uranium mineralization [6][7]. Industry Context - The Central Mineral Belt is recognized as one of Canada's most underexplored yet highly prospective uranium regions, with increasing interest due to the global demand for secure uranium supplies [11][13]. - The region hosts multiple large-scale uranium discoveries, including Paladin Energy's Michelin Project, highlighting its exceptional uranium endowment [12].
Hi-View Acquires Two New Toodoggone Projects
Thenewswire· 2025-08-13 07:01
Core Viewpoint - Hi-View Resources Inc. has entered into a property sale agreement to acquire a 100% interest in the Saunders and Nub projects from Eagle Plains Resources Ltd. for a total consideration of CAN$70,000 cash, 350,000 shares, and a 3% Net Smelter Royalty [1] Group 1: Acquisition Details - The total purchase price for the Saunders and Nub projects includes CAN$70,000 in cash, 350,000 shares of Hi-View, and a 3% Net Smelter Royalty in favor of Eagle Plains [1] - Hi-View has the option to acquire an additional 2% of the Net Smelter Royalty for CAN$2,500,000 in cash payments [1] Group 2: Project Locations and Geological Context - The Saunders and Nub projects are located approximately 300 km northeast of Smithers, BC, and 30 km north of the Kemess Cu-Au mine, which is operated by Centerra Gold [4] - The Saunders property is strategically situated along a geological corridor known for high-grade gold-copper deposits, including past-producing mines and advanced-stage exploration projects [4] - The Nub project is surrounded by the JOY project operated by Amarc Resources, which is interpreted as the northern extension of the Kemess porphyry Cu-Au district [6] Group 3: Geological Potential - The Saunders property covers 209.6 hectares and is associated with quartz veins and stringers, with historical samples reporting up to 1.42 g/t Au and 11.7 g/t Ag [5] - The Nub project spans 873.9 hectares and features a high-priority exploration target identified by a magnetic anomaly, coinciding with anomalous copper in soil geochemistry [6] Group 4: Company Overview - Hi-View Resources Inc. is focused on mineral exploration targeting gold, silver, and copper in the Toodoggone region of northern British Columbia, with properties covering 9,749 hectares [8] - The company’s Golden Stranger project is fully permitted with 45 drill-ready sites, and historical drilling highlights include 10 meters at 11.55 g/t gold [8]
FMAG: The Bar Is High For This Actively Managed Growth ETF
Seeking Alpha· 2025-08-13 06:43
Group 1 - Fidelity Magellan ETF (BATS: FMAG) is characterized by its distinct sector exposure and active management approach, differentiating it from typical growth ETFs [1] - The fund exhibits premium valuations and above-average growth, aligning with a growth style, yet it has demonstrated contained price action [1]
Elbit Systems Awarded $1.635 Billion Contract to Deliver a Range of Defense Solutions to a European Country
Prnewswire· 2025-08-13 06:13
Core Viewpoint - Elbit Systems has secured a $1.635 billion contract to provide advanced defense solutions to a European country, with implementation expected over a 5-year period [1][4]. Group 1: Contract Details - The contract encompasses two groups of technologically advanced solutions, including long-range precision strike artillery-rocket systems and unmanned reconnaissance systems [2]. - The second group features sophisticated ISTAR capabilities, including SIGINT, COMINT, electronic warfare systems, and advanced electro-optical and night-vision systems [3]. Group 2: Company Overview - Elbit Systems is a leading global defense technology company, employing approximately 20,000 people across five continents and reporting $1.9 billion in revenues for the three months ended March 31, 2025 [5][6]. - The company has an order backlog of $23.1 billion as of the same date, indicating strong demand for its solutions [6]. Group 3: Leadership Statement - Bezhalel Machlis, President and CEO of Elbit Systems, emphasized the strong demand for the company's technologies in Europe and the importance of this contract in enhancing national security [4].
Diversified Provides Board of Directors Update
GlobeNewswire News Room· 2025-08-13 06:01
Board of Directors Update - Sandra Stash will resign from the Board of Directors effective August 12, 2025, after serving since 2019, leaving in good standing [2][3] - David Turner is expected to replace Ms. Stash as the Senior Independent Director, while Kathryn Klaber will chair the Sustainability Committee, and Martin Thomas will join the Audit & Risk Committee [2][3] Commitment to Board Diversity - The Nomination Committee is dedicated to maintaining a high-quality, diverse board that supports the company's long-term goals [3] - David Johnson, Non-Executive Chairman, expressed gratitude for Ms. Stash's contributions and acknowledged her industry expertise [3] Company Overview - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance [4] - Recognized for sustainability leadership, the company aims to responsibly produce energy and generate shareholder value [4]
Cornish Metals Provides an Update on Dewatering and Shaft Refurbishment
GlobeNewswire News Room· 2025-08-13 06:00
Core Viewpoint - Cornish Metals Inc. is making significant progress in the refurbishment of the New Cook's Kitchen shaft and mine dewatering at its South Crofty tin project, with work expected to continue into mid-2026 [1][3]. Group 1: Project Progress - Mine dewatering and refurbishment have reached the mid-shaft pump station at approximately 360 meters below the surface, with the installation of new permanent pumps underway [2]. - The completion of work on the pump station is anticipated in Q4 2025, after which dewatering and refurbishment will resume down to approximately 730 meters below the surface [3]. Group 2: Project Significance - The South Crofty tin project is a high-grade underground tin mine in Cornwall, UK, with existing infrastructure that supports future operations [5]. - The project is permitted for underground mining until 2071 and aims to be the only primary tin producer in Europe or North America, addressing the critical mineral demand as two-thirds of current tin production comes from China, Myanmar, and Indonesia [5]. - The project is expected to generate over 300 direct jobs, benefiting from strong local and governmental support [5].
Inter Q2: On Track To Meet 2027 Targets
Seeking Alpha· 2025-08-13 05:34
Group 1 - The recommendation is to buy shares of Inter & Co (NASDAQ: INTR) following the disclosure of Q2 results [1] - The analysis is based on over 5 years of experience in equity analysis in Latin America, providing in-depth research and insights for informed investment decisions [1]
VEON Completes Sale of Beeline Kyrgyzstan
GlobeNewswire News Room· 2025-08-13 05:30
Core Viewpoint - VEON Ltd. has completed the sale of its 50.1% indirect stake in Sky Mobile LLC to Eldik Bank, marking a strategic move to optimize its portfolio and focus on larger markets with growth potential [1][2][3][4]. Group 1: Transaction Details - The sale was finalized after receiving all necessary regulatory approvals [1]. - Eldik Bank, a state-owned financial institution, acquired 100% of Sky Mobile LLC on behalf of the Government of the Kyrgyz Republic, following the government's exercise of its right of first refusal [3]. - The full transaction value was paid by Eldik Bank upon completion of the sale [3]. Group 2: Strategic Implications - This transaction aligns with VEON's strategy to simplify its group structure and concentrate on countries with larger populations and scalable digital business opportunities [2]. - The CEO of VEON, Kaan Terzioglu, emphasized that the sale represents an important step in the company's portfolio optimization efforts [4]. - The company expressed confidence in the future success of Beeline Kyrgyzstan under Eldik Bank's ownership, highlighting the achievements in expanding 4G coverage and advancing the digital operator model [4]. Group 3: Company Overview - VEON is a Nasdaq-listed digital operator serving over 160 million customers across five countries, representing more than 6% of the global population [4]. - The company focuses on technology-driven services that empower individuals and stimulate economic growth [4].
Sapiens to be acquired by Advent for $2.5 Billion
Prnewswire· 2025-08-13 05:12
Sapiens shareholders to receive $43.50 per share in cash, a 64% premium to Sapiens' undisturbed closing share price of $26.52 on August 8, 2025 KEY HIGHLIGHTS Sapiens shareholders will receive $43.50 per share in cash, representing a premium of approximately 64% over Sapiens' undisturbed closing share price of $26.52 on August 8, 2025. Transaction values Sapiens at approximately $2.5 billion. Advent's investment will accelerate Sapiens' innovation in SaaS-based insurance solutions.ROCHELLE PARK, N.J., Aug. ...
Hyphen Raises $25M to Scale Automated Makelines
Prnewswire· 2025-08-13 05:06
CAVA makes first-ever investment alongside existing investors to support Hyphen's production ramp with Re:Build Manufacturing and expand field service nationwideSAN JOSE, Calif., Aug. 13, 2025 /PRNewswire/ -- Hyphen, the foodservice platform for automated meal production, today announced the closing of its $25 million Series B financing, including participation from CAVA Group, Inc. (NYSE: CAVA). The financing will speed Hyphen's Automated Makeline from factory floor to restaurant floor—scaling production a ...