URIEL GAS ANNOUNCES DELAY OF ITS ANNUAL FILINGS
Globenewswire· 2025-10-28 21:22
Core Points - Uriel Gas Holdings Corp. has announced a delay in filing its audited annual financial statements and accompanying management discussion and analysis due to unexpected delays [1][2] - The company expects to complete the annual filings within 30 days [2] Company Overview - Uriel Gas is a growth-oriented oil and gas company focused on exploration, development, and production of crude oil and natural gas assets in the Western Canadian Sedimentary Basin [3] - The company holds a 5% operated working interest in the Richdale Property, covering approximately 5,867 acres, located about 100 miles northeast of Calgary, Alberta [3] - Uriel aims to acquire and optimize recoveries from under-developed hydrocarbon pools that offer compelling economics, while ensuring the safety of workers, communities, and the environment [3] - Uriel's common shares are listed for trading on the Canadian Securities Exchange under the ticker "UGH" [3]
Terrestrial Energy Inc. Completes Business Combination with HCM II Acquisition Corp.
Globenewswire· 2025-10-28 21:19
Core Viewpoint - Terrestrial Energy has completed its business combination with HCM II Acquisition Corp, resulting in over $292 million in gross proceeds to accelerate the deployment of its Integral Molten Salt Reactor (IMSR) nuclear technology, with trading set to begin on Nasdaq under the ticker symbol "IMSR" on October 29, 2025 [1][2][11] Company Overview - Terrestrial Energy is focused on developing Generation IV nuclear plants utilizing proprietary IMSR technology, which offers innovations in affordability, efficiency, and versatility for nuclear energy supply [5][13] - The IMSR plants are designed to provide zero-carbon, clean, firm, low-cost, high-temperature industrial heat and electricity, suitable for various industrial applications including data centers and green fuels [6][13] Technology and Market Position - The IMSR technology is differentiated from traditional nuclear technologies by its use of molten salt reactor design, which enhances efficiency and safety [6][7] - The plants will utilize Standard-Assay Low Enriched Uranium (SALEU) fuel, providing a secure and scalable fuel supply chain, which is strategically advantageous given geopolitical challenges affecting High-Assay Low-Enriched Uranium (HALEU) availability [7] Strategic Partnerships and Development - Terrestrial Energy has established partnerships with notable organizations such as Westinghouse and the U.S. Department of Energy, and has been selected for key government programs to accelerate commercialization [8][10] - A significant partnership with Texas A&M University aims to site a commercial IMSR plant, showcasing the technology and benefiting from the university's leadership in nuclear research [9] Financial Overview - The business combination has resulted in gross proceeds exceeding $292 million, including a $50 million PIPE investment and approximately $242 million from HCM II's trust account, with minimal shareholder redemptions [11]
First Quantum Minerals Reports Third Quarter 2025 Results
Globenewswire· 2025-10-28 21:11
Core Insights - First Quantum Minerals Ltd. reported a net loss of $48 million for Q3 2025, with an adjusted loss of $16 million, reflecting challenges despite operational improvements [1][3][33] - The company made significant progress in strengthening its balance sheet, including a $1 billion non-debt gold stream arrangement with Royal Gold and extending its debt maturity profile to 2029 [2][22][23] - Operationally, copper production increased by 15% quarter-over-quarter to 104,626 tonnes, driven by higher output from the Kansanshi and Sentinel mines [4][30] Financial Performance - Q3 2025 gross profit was $360 million, with EBITDA of $435 million, benefiting from improved production and higher realized metal prices [3][26] - Cash flows from operating activities reached $1,195 million, significantly higher than Q2 2025, primarily due to the gold streaming agreement [26][33] - Net debt decreased by $702 million to $4,751 million, attributed to the gold stream agreement and EBITDA contributions [26][33] Production and Operational Highlights - Total copper production for Q3 2025 was 104,626 tonnes, with Kansanshi producing 46,881 tonnes and Sentinel producing 51,336 tonnes [4][30] - Copper C1 cash cost decreased to $1.95 per lb, reflecting higher production volumes [4][34] - The company successfully completed the Kansanshi S3 Expansion project, contributing 6,136 tonnes of copper during the quarter [4][44] Updated Guidance - Copper production guidance for 2025 has been narrowed to 390,000 – 410,000 tonnes, while gold production guidance has been updated to 140,000 – 150,000 ounces [5][8] - Nickel production guidance has been adjusted to 18,000 – 23,000 tonnes, with total capital expenditure guidance reduced to $1,150 – $1,250 million [10][15] Cobre Panamá Update - The company completed remaining concentrate shipments from Cobre Panamá during the quarter, with the power plant expected to restart in Q4 2025 [2][40] - The Preservation and Safe Management plan was approved, allowing for the export of copper concentrate and the import of fuel [39][40] Environmental, Social, and Governance (ESG) Initiatives - The company has engaged in community initiatives, benefiting over 3,500 children and 5,000 community members through education, health, and infrastructure programs [43] - The THINK! Safety Program at Çayeli achieved over three years without a lost-time injury, reflecting a strong safety culture [52]
UniFirst Declares Increased Cash Dividends
Globenewswire· 2025-10-28 21:10
Core Points - UniFirst Corporation has declared increased quarterly cash dividends of $0.365 per share for Common Stock and $0.292 per share for Class B Common Stock, payable on January 2, 2026 [1] Company Overview - UniFirst Corporation is a North American leader in supplying and servicing uniform and workwear programs, facility service products, and first aid and safety supplies [2] - The company operates five ISO-9001-certified manufacturing facilities and manages specialized garment programs for the cleanroom and nuclear industries [2] - With over 270 service locations and more than 300,000 customer locations, UniFirst outfits over 2 million workers daily [2]
Itafos Announces Release Date for Q3 2025 Results and Business Update Webcast
Globenewswire· 2025-10-28 21:10
Core Points - Itafos Inc. will release its Q3 2025 financial results after market close on November 5, 2025 [1] - A recorded webcast reviewing the Q3 2025 financial results and providing business updates will be available on November 10, 2025 [1] Company Overview - Itafos is a phosphate and specialty fertilizer company headquartered in Houston, Texas, trading on TSX-V under the ticker "IFOS" and on OTCQX under "ITFS" [2] - The principal shareholder of Itafos is CL Fertilizers Holding LLC, an affiliate of Castlelake, L.P. [2] Business Operations - The company operates several projects including: - Conda in Idaho, US, with a production capacity of approximately 550kt per year of various phosphate products [6] - Arraias in Tocantins, Brazil, with a production capacity of approximately 500kt per year of single superphosphate [6] - Farim, a high-grade phosphate mine project in Guinea-Bissau [6] - Santana, a high-grade phosphate mine and fertilizer plant project in Pará, Brazil [6]
Silvercrest Asset Management (SAMG) to Announce Third Quarter 2025 Results and Host Investor Conference Call
Globenewswire· 2025-10-28 21:07
Core Viewpoint - Silvercrest Asset Management Group Inc. will host a teleconference to discuss its third-quarter financial results on October 31, 2025, with a news release to be issued prior to the market opening [1]. Group 1: Financial Results Announcement - The teleconference is scheduled for 8:30 am Eastern Time on October 31, 2025 [1]. - A news release containing the financial results will be available before the U.S. equity markets open [1]. Group 2: Leadership Participation - The call will feature Chairman, CEO, and President Richard R. Hough III, along with CFO Scott A. Gerard, who will review the quarterly results [2]. Group 3: Access Information - Analysts, institutional investors, and the public can listen to the call by dialing 1-844-836-8743 or 1-412-317-5723 for international callers [3]. - A live webcast will be available on the investor relations section of the Silvercrest website, with an archived replay accessible after the live call [3]. Group 4: Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser [4]. - The firm has offices in multiple states and provides traditional and alternative investment advisory services, managing assets totaling $36.7 billion as of June 30, 2025 [4].
22nd Century Announces Receipt of $9.5 Million from Settlement of Insurance Claim
Globenewswire· 2025-10-28 21:07
Core Insights - 22nd Century Group, Inc. has received $9.5 million in cash from a settlement agreement with its insurer related to business interruption from the Grass Valley incident in November 2022 [1][2] - The settlement marks a transition for the company from a cleanup phase to a growth phase, providing meaningful cash resources to execute its strategy [2] - The company aims to expand its position in the tobacco harm reduction movement with its VLN products, which contain 95% less nicotine [2][4] Company Overview - 22nd Century Group is focused on pioneering the tobacco harm reduction movement, enabling smokers to control their nicotine consumption [3] - The company has developed proprietary non-GMO reduced nicotine tobacco plants using patented technologies, resulting in a product with 95% less nicotine than traditional tobacco [4] Product Information - The flagship product, VLNcigarette, is designed to provide traditional cigarette smokers with a familiar alternative that helps them manage their nicotine intake [5] - VLNcigarettes are the only low nicotine combustible cigarettes authorized by the FDA in the United States [6]
Rapid Micro Biosystems to Announce Third Quarter 2025 Financial Results on November 7, 2025
Globenewswire· 2025-10-28 21:05
Core Insights - Rapid Micro Biosystems, Inc. will release its third quarter 2025 financial results on November 7, 2025, before market opening [1] - The management team will host a webcast conference call at 8:30 a.m. ET on the same day, which will be accessible on the company's website [2] Company Overview - Rapid Micro Biosystems is a life sciences technology company that provides automation solutions for the efficient manufacturing and safe release of healthcare products, including biologics, vaccines, cell and gene therapies, and sterile injectables [3] - The company's flagship product, the Growth Direct system, modernizes microbial quality control testing workflows in pharmaceutical manufacturing, enhancing speed, accuracy, operational efficiency, and compliance with data integrity regulations [3] - The company is headquartered in Lexington, Massachusetts, with manufacturing in Lowell, Massachusetts, and additional locations in Switzerland, Germany, and the Netherlands [3]
Kadant Reports Third Quarter 2025 Results
Globenewswire· 2025-10-28 21:03
Core Insights - Kadant Inc. reported its third-quarter financial results for the period ending September 27, 2025, highlighting solid performance despite ongoing challenges in demand for capital equipment and global trade uncertainties [1][3]. Financial Performance - Revenue for the third quarter was $271.6 million, unchanged from the previous year, with organic revenue decreasing by four percent, offset by a two percent increase from acquisitions and a two percent favorable foreign currency translation effect [4]. - Gross margin improved to 45.2% from 44.7% in the prior year [4]. - Net income decreased by 12% to $27.7 million compared to $31.6 million in 2024, with GAAP EPS also down 12% to $2.35 [5]. - Adjusted EPS fell by nine percent to $2.59, excluding acquisition-related costs [5]. - Adjusted EBITDA decreased by eight percent to $58.0 million, representing 21.4% of revenue, down from 23.3% in 2024 [6][27]. - Operating cash flow decreased by 10% to $47.3 million, while free cash flow decreased by nine percent to $44.1 million [6][26]. Bookings and Outlook - Bookings decreased by one percent to $238.4 million, with organic bookings down four percent [7]. - The company anticipates healthy demand for aftermarket parts and improving order activity for capital equipment in the fourth quarter, revising revenue guidance for 2025 to $1.036 to $1.046 billion [8]. - Adjusted EPS guidance remains at $9.05 to $9.25, while GAAP EPS is expected to be between $8.52 and $8.72 [8]. Segment Performance - The Flow Control segment reported revenue of $94.8 million, down from $97.5 million, while Industrial Processing revenue decreased to $106.4 million from $110.7 million [24]. - Material Handling segment revenue increased to $70.3 million from $63.4 million [24]. - The percentage of revenue from parts and consumables increased to 69% from 65% [24]. Company Overview - Kadant Inc. is a global supplier of technologies and engineered systems that enhance efficiency and productivity in process industries, with approximately 3,900 employees across 22 countries [29].
MariMed Announces Strategic Exit From Missouri Market
Globenewswire· 2025-10-28 21:00
NORWOOD, Mass., Oct. 28, 2025 (GLOBE NEWSWIRE) -- MariMed Inc. (“MariMed”) (CSE: MRMD) (OTCQX: MRMD), a leading cannabis consumer packaged goods company and retailer, today announced that it has completed a strategic review of its Missouri business operations and decided to exit the market, effectively immediately. Since 2024, the Company has managed the Missouri operations of another licensed cannabis operator and distributed certain of its brands there under a Managed Services and Licensing Agreement, whi ...