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Marimaca Extends Pampa Medina Norte Discovery – Intersects 68m at 1.20% and 40m at 1.07% CuT in Dominantly Oxides with Assays Pending for Deep Sulphide Extension
GlobeNewswire· 2025-05-15 10:15
Core Insights - Marimaca Copper Corp. announced further drilling results at Pampa Medina Norte, indicating significant mineralization potential in the northern extension of the Pampa Medina Deposit [1][2] - The drilling results from hole SMD-01 show high-grade copper intersections, confirming the extension of the sediment-hosted manto-style mineralization [6][11] - The exploration team is optimistic about the potential for stacked mantos and the integration of these findings into the Marimaca Oxide Deposit (MOD) [4][5] Drilling Results - Hole SMD-01 was drilled to a depth of 950m, with significant intersections including 242m at 0.65% CuT from 252m, and higher grades of 1.20% CuT over 68m from 298m [6][14] - The upper section of SMD-01 validated previous reverse circulation drilling results, confirming the presence of high-grade oxide manto [6][11] - Assays are pending for the lower section of SMD-01 from 600m to 950m, which will provide further insights into the mineralization at depth [6][7] Geological Context - Pampa Medina is characterized as a manto-style copper deposit hosted in Jurassic-Triassic sedimentary units, with copper primarily found in oxide and sulphide forms [9][33] - The mineralization at Pampa Medina Norte includes visual bornite and chalcopyrite, indicating a transition to primary sulphides at greater depths [10][11] - Historical drilling at Pampa Medina was limited to 400m, suggesting that deeper drilling may reveal more extensive mineralization [11][10] Future Exploration Plans - The company plans to continue exploration at Pampa Medina, including additional deep diamond drill holes to assess the potential for further mineralization extensions [6][8] - SMD-02, another drill hole, has shown unexpected polymetallic mineralization, indicating further exploration potential in the area [7][8] - The overall strategy is to consolidate the understanding of the Pampa Medina system and its potential to complement the MOD [8][4]
Bon Natural Life Limited Announces Effectiveness of Reverse Stock Split
GlobeNewswire· 2025-05-15 10:15
Core Viewpoint - Bon Natural Life Limited will implement a 1-for-25 reverse stock split to comply with Nasdaq's minimum bid price requirement of $1.00, effective May 19, 2025 [3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 25 issued and outstanding Class A ordinary shares into one new Class A ordinary share, with no fractional shares issued [1]. - The new CUSIP number for the Class A ordinary shares post-split will be G14492204, and trading will continue under the existing symbol "BON" [2]. - The authorized share capital will increase to 1,000,000,000 Class A ordinary shares, 50,000,000 Class B ordinary shares, and 50,000,000 preference shares [4]. Group 2: Class Rights and Shareholder Approval - The conversion rate for Class B ordinary shares will change from a 1:1 basis to a 1:25 basis for conversion into Class A ordinary shares [5]. - The reverse stock split and related changes were approved by shareholders during an extraordinary general meeting on April 15, 2025 [6].
Aura Biosciences Announces Proposed Public Offering of Common Stock and Warrants
GlobeNewswire· 2025-05-15 10:10
Company Overview - Aura Biosciences, Inc. is a clinical-stage biotechnology company focused on developing precision therapies for solid tumors aimed at preserving organ function [5] - The company's lead candidate, bel-sar (AU-011), is in late-stage development for primary choroidal melanoma and early-stage development for other ocular oncology indications and bladder cancer [5] Public Offering Announcement - Aura announced the launch of an underwritten public offering of shares of its common stock, including pre-funded warrants and accompanying warrants [1] - The offering is subject to market conditions, and there is no assurance regarding its completion or the actual size and terms [1] Management and Underwriters - Leerink Partners and Evercore ISI are acting as joint bookrunning managers for the offering, with LifeSci Capital also serving as a bookrunning manager [2] - Citizens Capital Markets and Scotiabank are co-managers for the offering [2] Regulatory Compliance - The offering is made pursuant to a shelf registration statement filed with the SEC on March 27, 2024, and declared effective on April 5, 2024 [3] - A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3] Investor Relations - For inquiries, investors can contact Alex Dasalla, Head of Investor Relations and Corporate Communications at Aura [7]
Aura Biosciences Reports First Quarter 2025 Financial Results and Business Highlights
GlobeNewswire· 2025-05-15 10:01
Core Insights - Aura Biosciences, Inc. has initiated a multi-dose Phase 1b/2 trial of bel-sar for Non-Muscle-Invasive Bladder Cancer (NMIBC), with initial data expected by the end of 2025 [1][14] - The company has strengthened its leadership team by appointing Tony Gibney as Chief Financial and Business Officer [1][18] - Aura is making significant progress in its ocular and urologic oncology programs, particularly with the Phase 3 CoMpass trial for early-stage choroidal melanoma [2][3] Recent Pipeline Developments - The CoMpass trial is the first registration-enabling study for early-stage choroidal melanoma, actively enrolling patients globally [3][4] - Over 220 patients have been pre-screened for the CoMpass trial since June 2024, indicating a strong demand for vision-preserving therapies [4] - Bel-sar is also being explored for metastases to the choroid and cancers of the ocular surface, with a collective incidence of over 60,000 patients annually in the U.S. and Europe [6][10] Clinical Trials and Data - A Phase 2 trial for bel-sar in metastases to the choroid has been initiated, with plans to broaden inclusion criteria to include various solid tumors [7] - Positive results from a completed Phase 1 trial for NMIBC showed multiple clinical complete responses and a favorable safety profile [12] - The ongoing Phase 1b/2 trial for NMIBC will evaluate two approaches, with endpoints including complete response rates and recurrence-free survival [13][14] Financial Overview - As of March 31, 2025, Aura reported cash and cash equivalents totaling $128.0 million, sufficient to fund operations into the second half of 2026 [18] - Research and development expenses increased to $23.3 million in Q1 2025 from $17.1 million in Q1 2024, driven by clinical trial costs [19] - The net loss for Q1 2025 was $27.5 million, compared to $19.7 million in Q1 2024, reflecting increased operational expenses [24]
Meriaura Group Plc: Rasol Oy Launches Sunplussa – A New Smart Energy Management Solution for Properties
GlobeNewswire· 2025-05-15 10:00
Group 1: Launch of Sunplussa - Rasol Oy, a subsidiary of Meriaura Group, has launched 'Sunplussa', a smart energy management solution that integrates local energy production, storage, and consumption control for properties [1][2] - The system includes solar panels and battery storage tailored to the customer's energy consumption profile, connected via a smart control system that manages energy usage [1][2] - The AI-based control system optimizes electricity production, storage, and consumption based on market prices and weather conditions, enabling cost savings by utilizing cheaper electricity hours [2] Group 2: Merger with Summa Defence Oy - Meriaura Group signed a conditional share exchange agreement to acquire Summa Defence Oy, creating a strong group focused on safety and security in Finland, with a significant role for dual-use technology [5] - Following the merger, Meriaura Group's shareholders will hold 11.8% of the new company, Summa Defence Plc, while Summa Defence's shareholders will hold 88.2% [5] Group 3: Business Overview - Meriaura Group operates in two main business areas: Marine Logistics and Renewable Energy [6][9] - The Marine Logistics segment provides low-emission marine transport services, particularly for bulk cargo and renewable energy construction projects in Northern Europe [7] - The Renewable Energy segment focuses on clean energy solutions, including solar power systems for various applications [9]
Philips Future Health Index 2025: AI poised to transform global healthcare, urging leaders to act now
GlobeNewswire· 2025-05-15 10:00
Core Insights - The Future Health Index 2025 report by Royal Philips highlights the urgent need for healthcare transformation, emphasizing AI's potential to alleviate care delays and manage data overload, while also noting significant trust gaps among clinicians and patients that could hinder adoption [1][2][5] Group 1: Healthcare Delivery Challenges - Over half of the 16 surveyed countries report patients waiting nearly two months or more for specialist appointments, with waits in Canada and Spain extending to four months or longer [2] - 33% of patients have experienced worsening health due to delays in seeing a doctor, and more than 25% end up hospitalized due to long wait times [3] - A projected shortfall of 11 million health workers by 2030 could exacerbate the issue of timely care [3] Group 2: Clinician Burden and AI Potential - More than 75% of healthcare professionals report losing clinical time due to incomplete or inaccessible patient data, with one-third losing over 45 minutes per shift, equating to 23 full days lost annually [4] - Clinicians view AI as a potential solution to these inefficiencies, but delayed adoption poses risks [4] Group 3: Trust and Adoption Barriers - There is a significant trust gap, with 34% more clinicians recognizing AI's benefits compared to patients, particularly among those aged 45 and older [5] - 69% of clinicians are involved in AI development, but only 38% believe these tools meet real-world needs, with over 75% unclear about liability for AI-driven errors [5] - Data bias is a major concern, risking the deepening of healthcare disparities if not addressed [5] Group 4: Future Directions for AI in Healthcare - Patients desire AI to enhance safety, reduce errors, and improve outcomes, while clinicians emphasize the need for clear legal and ethical standards, strong scientific validation, and continuous oversight [6] - Regulatory frameworks must evolve to balance innovation with patient safety and foster trust among clinicians [7] - By 2030, AI could potentially double patient capacity by automating administrative tasks [7]
T1 Energy Reports First Quarter 2025 Results
GlobeNewswire· 2025-05-15 10:00
G1_Dallas Production Line Production line equipment assembling solar modules at G1_Dallas AUSTIN, Texas and NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) reported financial and operating results for the first quarter 2025 today. Headlines T1 has signed 253 MW 2025 sales agreement with U.S. utility-scale developer. This sales agreement, which is the first new customer commitment the Company has signed as T1 Energy, underscores T1’s commercial a ...
Colorado State University Selects Ambow's HybriU Platform to Power the Future of Hybrid Learning
GlobeNewswire· 2025-05-15 10:00
CUPERTINO, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), a leading global EdTech and AI-powered solutions provider, today announced that it has entered into an agreement with Colorado State University for use of Ambow's HybriU's Digital Educational Solution platform to modernize classroom engagement and elevate the phygital (Physical + Digital) learning experience for students and faculty. The HybriU "box-top" solution, selected by Co ...
Xunlei Announces Unaudited Financial Results for the First Quarter Ended March 31, 2025
GlobeNewswire· 2025-05-15 10:00
"This year will be pivotal for Xunlei, marked by the strategic acquisition of Hupu and proactive exploration of corporate development initiatives aimed at diversifying revenue streams to achieve sustainable growth in both top-line and bottom-line. Supported by our strong capital structure and ample financial liquidity, we remain committed to delivering value to users while harnessing our outstanding technological capabilities and operational expertise to capitalize on AI-driven applications and other new op ...
T1 Energy Take Steps to Bring Investment to G2_Austin Solar Cell Project
GlobeNewswire· 2025-05-15 10:00
Working with a Saudi partner aligned with the Kingdom of Saudi Arabia to explore a potential strategic investment in G2_Austin "T1 is grateful to be part of a larger conversation to reshore American manufacturing through cooperative efforts with our overseas industrial partners," added Daniel Barcelo. "With this agreement in place, our teams will be working to secure this capital and advance T1's mission to bring investment, jobs, and key supply chains to America. As this relationship develops, we are also ...