Comstock Inc. Prices $50 Million Upsized and Oversubscribed Public Offering of Common Stock
Globenewswire· 2026-01-29 01:30
Core Viewpoint - Comstock Inc. has announced a public offering of 18,181,819 shares of common stock, aiming to raise approximately $50 million to fund its growth initiatives in the recycling and refining of metals from end-of-life solar panels [1][2]. Group 1: Offering Details - The offering consists entirely of shares sold by Comstock, with gross proceeds expected to be around $50 million before expenses [1]. - The underwriter has a 30-day option to purchase an additional 2,727,272 shares to cover over-allotments at the public offering price [1]. - The offering is led by existing shareholders and new institutional investors [1]. Group 2: Use of Proceeds - The net proceeds will be used for capital expenditures related to Comstock Metals LLC's second industry-scale facility, development of refining processes, site selections, and growth in the metals market [2]. - Any remaining funds will be allocated for general corporate purposes [2]. Group 3: Market Context - The company is experiencing strong momentum in the end-of-life solar panel market, with increasing demand for its recycling and refining solutions, particularly for silver and other critical metals [2]. - This capital infusion is expected to enhance the company's ability to scale its operations and execute its growth strategy [2]. Group 4: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by efficiently extracting and converting under-utilized natural resources into reusable metals [6].
Zacatecas Silver Announces Security Based Compensation Grants
Globenewswire· 2026-01-29 01:12
Core Points - Zacatecas Silver Corp. has granted 2,550,000 incentive stock options and 3,000,000 restricted share units to its officers, directors, key employees, and consultants [1] - The stock options are exercisable at a price of $0.135 per share and will expire five years from the date of grant [2] - Each restricted share unit allows the holder to acquire a common share of the company and will expire three years from the date of grant, with a one-year waiting period before they can be exercised [2]
Waton Financial Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2026
Globenewswire· 2026-01-29 00:55
Core Viewpoint - Waton Financial Limited reported significant revenue growth in the first half of fiscal year 2026, driven by increased investor interest in the Hong Kong market and expansion in brokerage operations [2][4]. Financial Performance - Total revenue increased by 106.3% to $6.10 million for the six months ended September 30, 2025, compared to $2.96 million for the same period in 2024 [4][5]. - Brokerage and commission income rose by 223.1% to $4.17 million, up from $1.29 million, reflecting increased trading volumes and customer engagement [5][12]. - Interest income increased by 83.8% to $0.96 million, supported by expanded margin financing to customers [5][12]. - Operating loss increased to $8.45 million from $0.92 million, primarily due to higher staff compensation and professional fees related to the IPO [5][8]. - Net loss rose to $8.37 million, or $0.17 per share, compared to a net loss of $1.15 million, or $0.03 per share, for the same period in 2024 [5][10][13]. - Adjusted net loss, excluding share-based compensation, was approximately $2.26 million, compared to $1.15 million in the prior year [11] . Cash and Assets - Cash and cash equivalents, plus cash segregated under regulatory requirements, increased by 115.0% to $29.88 million as of September 30, 2025, from $13.90 million as of March 31, 2025 [14]. - Total assets increased to $68.98 million from $30.72 million, reflecting business expansion [5][19]. Operating Costs - Total operating costs and expenses rose to $13.81 million from $3.88 million, mainly due to increased staff compensation and benefits [7][21]. - Compensation and benefits increased to $8.23 million from $1.47 million, driven by business expansion and share-based compensation expenses [12][21]. Other Financial Metrics - Total other expense, net increased to $0.66 million from $0.30 million, primarily due to changes in net asset value of investment securities [9][21]. - Net cash used in operating activities was $1.44 million, a decrease from $2.55 million in the prior year [18]. - Net cash provided by financing activities increased to $19.79 million, compared to net cash used of $1.90 million in the previous year, mainly due to IPO proceeds [18].
K2 Capital Acquisition Corporation Announces Pricing of Upsized $120 Million Initial Public Offering
Globenewswire· 2026-01-29 00:50
NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- K2 Capital Acquisition Corporation (the "Company") today announced the pricing of its upsized initial public offering of 12,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-fifth (1/5) of one Class A ordinary share at the closing of the Company’s initial business combination. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "KTWOU" beginning on Janua ...
December 2025 Quarter Report
Globenewswire· 2026-01-29 00:15
Core Viewpoint - Perseus Mining reported sustained operational performance for the December 2025 quarter, with significant cash and bullion reserves, alongside ongoing project developments and production guidance for the 2026 financial year [2][4][7]. Operating Performance - Gold recovered in Q2 FY26 totaled 88,888 ounces, with a production cost of US$1,362 per ounce and an All-In Site Cost (AISC) of US$1,800 per ounce [4][7]. - The average sales price for gold was US$3,437 per ounce, leading to a notional cash flow of US$145 million for the quarter [4][7]. - The company holds a cash and bullion balance of US$755 million, in addition to liquid listed securities valued at US$229 million [7]. Production and Cost Guidance - Group gold production guidance for FY26 remains unchanged, with expected production from the Yaouré Gold Mine between 168,000 and 184,000 ounces, Edikan Gold Mine between 154,000 and 169,000 ounces, and Sissingué Gold Mine between 78,000 and 87,000 ounces [9][10]. - The overall production target for the Perseus Group is set between 400,000 and 440,000 ounces, with AISC ranging from US$1,600 to US$1,760 per ounce [9][10]. Project Developments - The CMA Underground development is progressing, with the first ore delivered in January 2026, and the Nyanzaga project is on track for first production in January 2027 [7]. - Gold production is expected to be weighted towards the second half of FY26 due to the inclusion of new higher-grade ore sources at Edikan and Sissingué [8].
The International Surface Event (tise) Announces Recipients of the "What’s Hot – Best of tise” 2026 Awards
Globenewswire· 2026-01-29 00:08
Winning companies include Mohawk, Cali, Arizona Tile, Full Circle Water, among others.LAS VEGAS, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Informa Markets' The International Surface Event (tise), the largest annual resource for the flooring, stone and tile industries, today announces the winners of the annual “What’s Hot – Best of tise 2026 Awards”. The awards are sponsored by Floor Covering News and Stone World. tise is the ultimate gathering to discover new products at the peak of the year's buying cycle, making ...
Banco Itaú Chile Schedules Ordinary Shareholders’ Meeting and announces Dividend Distribution Proposal
Globenewswire· 2026-01-28 23:26
Core Viewpoint - Banco Itaú Chile has announced plans to hold an Ordinary Shareholders' Meeting on April 9, 2026, to discuss key matters including the distribution of profits for fiscal year 2025 [1][2]. Group 1: Shareholders' Meeting - The Board of Directors has resolved to summon the Ordinary Shareholders' Meeting for April 9, 2026, at 10:00 a.m. [1] - The meeting will address matters within the competence of the Board [1]. Group 2: Profit Distribution - The Board proposes to distribute 60% of the profits for fiscal year 2025, amounting to $256,855,029,388, as dividends to shareholders [2]. - If approved, the dividend per share would be $1.18727068559793, distributed among 216,340,749 validly issued and outstanding shares [2]. Group 3: Dividend Payment Details - Approved dividends will be available to shareholders starting April 20, 2026 [3]. - Shareholders entitled to receive dividends must be recorded in the Shareholders' Registry by midnight on April 14, 2026 [3].
Collective Metals Announces Closing of Private Placement for Gross Proceeds of CDN $1,438,665.72
Globenewswire· 2026-01-28 23:26
Core Viewpoint - Collective Metals Inc. has successfully closed a non-brokered private placement, raising approximately $1.44 million through the issuance of 16,925,479 units at a price of $0.085 per unit [1][2]. Group 1: Offering Details - The Offering consists of units, each comprising one common share and one transferable common share purchase warrant, with the warrants exercisable at $0.105 for 24 months [1]. - An accelerated expiry clause allows the company to shorten the warrant expiry if the share price exceeds $0.20 for ten consecutive trading days [1]. - Finder's fees of $57,020.75 and 670,833 finder's warrants were paid to arm's length parties in connection with the Offering [2]. Group 2: Use of Proceeds - The proceeds from the Offering will be utilized for general working capital purposes [2]. Group 3: Company Overview - Collective Metals Inc. is a resource exploration company focused on critical and precious metals exploration in North America [4]. - The company's Rocas project spans 4,002 hectares and is located 75 kilometers southwest of the Key Lake Mine, featuring several uranium showings with historical mineralized outcrop grab samples grading up to 0.5 wt.% U3O8 [5].
Prostar Announces Upsizing of Convertible Debenture Financing
Globenewswire· 2026-01-28 23:15
Core Viewpoint - ProStar Holdings Inc. has increased its non-brokered private placement of secured convertible debentures from US$500,000 to US$675,000, aimed at supporting its operations and growth initiatives [1][6]. Group 1: Offering Details - The convertible debentures will carry an interest rate of 12.5% per annum and will mature 24 months after issuance [2]. - Each debenture can be converted into units at a price of US$0.10 per unit, with each unit consisting of one common share and one-half of a common share purchase warrant [2][3]. - The full warrant allows the holder to purchase one common share at US$0.14 for five years from the closing date of the offering [3]. Group 2: Trigger Events and Conversion - The principal amount of the convertible debentures will automatically convert into units if the company achieves US$2,000,000 in booked Annual Recurring Revenue (ARR) in 2026 or US$2,500,000 in ARR in 2027 [4]. - Upon conversion or maturity, the company can settle accrued interest in cash or through the issuance of common shares, subject to TSX Venture Exchange approval [5]. Group 3: Security and Use of Proceeds - The convertible debentures will be secured by a first-ranking security interest over all present and future assets of the company [6]. - The net proceeds from the offering are intended for general corporate purposes [6]. Group 4: Related Party Participation - Certain directors of the company plan to participate in the offering, which is classified as a related party transaction under Multilateral Instrument 61-101 [8]. Group 5: Company Overview - ProStar Geocorp specializes in geospatial intelligence technologies, aiming to set the global standard for mapping and managing critical infrastructure [9]. - The company's flagship products, PointMan and LinQD, enhance the accuracy and efficiency of infrastructure mapping and management [10]. - ProStar has a diverse customer base, including Fortune 500 companies and government entities, and has established strategic alliances with global technology leaders [11].
Interparfums, Inc. Announces Exclusive Worldwide License Agreement With Nautica
Globenewswire· 2026-01-28 23:07
NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) (“Interparfums” or the “Company”) today announced that it has entered into an exclusive, 20-year worldwide license agreement with global lifestyle brand Nautica for the creation, development, production, and distribution of fragrances under the Nautica brand name. Jean Madar, Chairman and Chief Executive Officer of Interparfums, said, “Nautica is world-renowned for bringing the inspiration of the sea to everyday style. We are t ...