China's Pengzhou Builds "Pengzhou Lifestyle" as City Identity
Globenewswire· 2025-11-27 12:30
Core Insights - The Global Panda Partners Conference 2025 highlighted Pengzhou's recognition as one of the "Top Ten Innovative Models for Cultural and Tourism Integration in 2025" due to its advancements in cultural and tourism integration, ecological conservation, and urban development [1] Group 1: Pengzhou's Development Model - Pengzhou has developed a unique "Pengzhou Lifestyle" brand by integrating agriculture, commerce, culture, tourism, and sports, leveraging its ecological assets [3] - The "Pengzhou Model" emphasizes a lifestyle shared by residents and visitors, supported by a framework of "three-dimensional landscapes and four signature IPs" [4] - Key initiatives include the Longxingji Historical and Cultural Block and the Intangible Cultural Heritage Pocket Park, which enhance public services and commercial vitality [4] Group 2: Tourism and Economic Impact - From January to October 2025, Pengzhou attracted 18.991 million visitors and generated 11.609 billion yuan in tourism revenue, indicating a shift from "ecological appeal" to "development value" [7] - The city aims to become a "new urban destination for next-generation consumption and traveling-living experiences" by enhancing its modern tourism system [6] Group 3: Cultural Exchange and Events - Pengzhou is enhancing Sino-foreign cultural exchanges through events like the Bailu Sino-French Classical Music Festival and the Chengdu International Sister Cities Youth Music Festival [6] - Collaborations with China Arts and Entertainment Group Ltd. include the Chengdu-Chongqing International Theatre Festival, aimed at boosting the city's international cultural profile [6]
Allied Gold Reports Significant Exploration Advancements at Kurmuk
Globenewswire· 2025-11-27 12:30
Core Viewpoint - Allied Gold Corporation is advancing its exploration and development activities at the Kurmuk mine in western Ethiopia, emphasizing the potential for significant mineral resource growth and production capacity expansion [1][2]. Exploration Program and Highlights - The Kurmuk mine is located within the Arabian-Nubian Shield, approximately 500 kilometers from Addis Ababa, and is expected to start operations in mid-2026, targeting an average production of approximately 290,000 gold ounces per annum over the first four years at All-In Sustaining Costs (AISC) below $950 per ounce [2][3]. - Initial Proven and Probable Mineral Reserves are estimated at 2.7 million ounces, with Measured and Indicated Mineral Resources at 3.1 million ounces [3][19]. - The five-year exploration goal aims to increase Mineral Resources to 5 million ounces, with a target of adding over 1.5 million ounces in addition to the current inventory [3][18]. Drilling and Resource Expansion - Recent drilling activities have focused on infill drilling at Dish Mountain and exploration of Northern Prospects, with significant intersections of gold mineralization reported [5][24]. - The exploration plan includes expanding existing Mineral Resources near Ashashire and Dish Mountain, with a focus on higher-grade zones [4][8]. - The company aims to extend the mine life to a minimum of 15 years and sustain higher production levels beyond the initial four years [8][19]. Target Areas and Future Plans - Key target areas include Ashashire, Tsenge, Dul Mountain, and Urchin, with specific three- to five-year targets set for each area [9][66]. - The exploration program has identified over five additional target areas with known gold mineralization, which could contribute to future Mineral Resources and Reserves [20][71]. - A drone magnetic survey and deep-penetrating IP surveys are planned to further define the extents of the mineralized systems [27][20]. Technical Discussion - The current Mineral Reserves at Ashashire and Dish Mountain total 2.74 million ounces at a grade of 1.41 g/t Au, while Measured and Indicated Mineral Resources total 3.12 million ounces at 1.68 g/t Au [19][22]. - Gold mineralization is primarily hosted in quartz-carbonate-pyrite veins associated with sheared lithological contacts, with visible gold occurrences noted at several deposits [22][33]. Summary of Recent Drilling Results - Significant drill results include multiple intersections at Dish Mountain and Tsenge, with grades exceeding reserve grades in some areas [10][12][14]. - The exploration results indicate a high prospectivity for the land package, with ongoing work expected to enhance the mineral inventory [18][21].
Kane Biotech Announces New Private Placement Offering
Globenewswire· 2025-11-27 12:25
Not for distribution to U.S. news wire services or dissemination in the United States WINNIPEG, Manitoba, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX-V:KNE) (“Kane Biotech”, “Kane” or the “Company”) today announces its intention to undertake a non-brokered private placement offering (the “Offering”) of up to 16 million common shares (“Shares”) at a price of $0.05 per Share for gross proceeds of up to $800,000. The net proceeds of the Offering will be used for working capital and general corpora ...
GFG Drills 1.05 g/t Au over 71.0 m including 7.51 g/t Au over 3.0 m at Aljo and Initiates Aggressive Regional Exploration Program at Goldarm
Globenewswire· 2025-11-27 12:09
SASKATOON, Saskatchewan, Nov. 27, 2025 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG | OTCQB: GFGSF) (“GFG” or the “Company”) reports initial assay results from the 12-hole (2,650 metre) Phase 2-2025 drill program at the Aljo Gold Project (“Aljo”), located on the Company’s Goldarm Property (“Goldarm”) in the prolific Timmins Gold District of Ontario, Canada (See Figures 1 and 2). GFG’s Phase 2-2025 drill program at Aljo was designed to confirm and expand key mineralized zones across the Main, Hangingwal ...
Rogers Sugar Reports Strong Profitability Growth in 2025, Fuelled by our Focus on Servicing our Customers and Disciplined Execution
Globenewswire· 2025-11-27 12:01
Core Insights - Rogers Sugar Inc. reported strong fourth quarter and full-year results, demonstrating resilience in a challenging market, with consolidated adjusted EBITDA of $39.5 million for Q4 2025 and $150.4 million for the fiscal year [1][2] Financial Performance - Q4 2025 revenues were $322.7 million, down from $333.0 million in Q4 2024, while year-to-date revenues increased to $1.31 billion from $1.23 billion [2] - Gross margin for Q4 2025 was $44.0 million, compared to $49.7 million in Q4 2024, with adjusted gross margin rising to $51.9 million from $50.1 million [2][3] - Net earnings for Q4 2025 were $13.7 million, down from $18.6 million in Q4 2024, while adjusted net earnings increased to $19.8 million from $18.8 million [2][3] Segment Performance Sugar Segment - Sugar segment adjusted EBITDA for Q4 2025 was $35.1 million, up from $34.2 million in Q4 2024, driven by higher adjusted gross margin per metric tonne despite lower sales volume [2][3] - Sales volume in the Sugar segment for fiscal 2025 was 781,500 metric tonnes, an increase of 28,100 metric tonnes compared to fiscal 2024 [2][3] - Revenues for the Sugar segment in Q4 2025 were $259.0 million, down from $272.8 million in Q4 2024, primarily due to lower average prices and sales volume [3][4] Maple Segment - Maple segment adjusted EBITDA for Q4 2025 was $4.4 million, an increase from $4.1 million in Q4 2024, attributed to higher sales volume [2][9] - Revenues for the Maple segment in Q4 2025 were $63.7 million, up from $60.2 million in Q4 2024, driven by increased sales volume [9][10] LEAP Project - The LEAP Project aims to expand refining and logistics capacity in Eastern Canada, with total costs expected between $280 million and $300 million, and anticipated in-service by mid-2027 [5][14] - As of September 27, 2025, $128.4 million had been capitalized for the LEAP Project, including $3.7 million in interest costs [20][19] Outlook - The company expects continued strong financial results in 2026, with stable underlying demand for sugar and anticipated pricing increases [21][23] - For fiscal 2026, the Sugar segment is projected to have sales volumes between 750,000 and 770,000 metric tonnes, reflecting a slight reduction compared to 2025 [23][24] - The Maple segment anticipates sales volume growth of approximately 3% over 2025, with global demand for maple syrup expected to continue growing [31][32]
Major Drilling to Release Results for its Second Fiscal Quarter on December 10, 2025
Globenewswire· 2025-11-27 12:00
Management to Host Webcast/Conference Call on Thursday, December 11, 2025 at 8:00am ESTMONCTON, New Brunswick, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Major Drilling Group International Inc. (TSX: MDI) (the “Company”) will release its second fiscal quarter results, ended October 31, 2025, on Wednesday, December 10, 2025 after the markets have closed. Webcast/Conference Call Details Denis Larocque, President & Chief Executive Officer, and Ian Ross, Chief Financial Officer, invite you to participate in a webcast/co ...
MAX Power Initiates Next Phase at Canada’s First Natural Hydrogen Well With Service Rig Mobilization to Lawson
Globenewswire· 2025-11-27 12:00
Core Insights - MAX Power Mining Corp. is advancing Canada's first dedicated Natural Hydrogen well at Lawson, following positive preliminary results from core scanning and gas testing [1][3] - The company is preparing for targeted zone testing to evaluate the commercial potential of the well, with a service rig expected to arrive by December 1, 2025 [2][3] - MAX Power has secured a strategic partnership with a Southeast Asian conglomerate, which includes an initial investment of $5 million, marking the investor's first entry into Canada [3] Company Developments - The service rig will facilitate the perforation of casing in specific zones, allowing for gas and liquid sample collection for chemical analysis [2] - Data collected will provide insights into gas composition, flow rates, and pressures, which are crucial for assessing commercial viability [3] - The company holds approximately 1.3 million acres (521,000 hectares) of permits in Saskatchewan, focusing on large volume accumulations of Natural Hydrogen [7] Strategic Partnerships - The partnership with the Southeast Asian conglomerate has received final government approvals in Vietnam, reflecting increasing international interest in Natural Hydrogen [3] - The transaction is expected to close soon, pending final approval from the Canadian Securities Exchange (CSE) [3]
Lancaster Completes Title Transfer for 100% of the Lake Cargelligo Gold Project
Globenewswire· 2025-11-27 12:00
Core Viewpoint - Lancaster Resources Inc. has completed the title transfer for 100% of the Lake Cargelligo Gold Project, enhancing its exploration portfolio in the Cobar mining district of New South Wales, Australia [1]. Group 1: Project Details - The Lake Cargelligo project spans approximately 62,300 hectares, with Exploration License 9775 covering 28,768 hectares and featuring multiple historical high-grade gold and silver occurrences identified through sampling and drilling [3]. - Lancaster Gold Australia Pty Ltd., a wholly owned subsidiary, now holds the mineral claim title for Exploration License 9775 as of November 17, 2025 [2]. - The company has also submitted an application for an additional 33,400 hectares under ELA6970, pending final state approval [3]. Group 2: Company Overview - Lancaster Resources Inc. is a Canadian exploration company focused on critical mineral and gold projects in established mining jurisdictions, holding a 100% interest in the Lake Cargelligo Gold Project [7]. - The company's portfolio includes other projects in Canada, such as the Lac Iris Polymetallic Project and uranium projects in Saskatchewan [8].
Prospera Energy Announces Q3 2025 Financial Results and Live Conference Call
Globenewswire· 2025-11-27 12:00
Core Insights - Prospera Energy Inc. reported Q3 2025 sales revenue of $5.3 million and an operating netback of $0.8 million, with significant capital expenditures aimed at well reactivations and plant maintenance [1][5] - The company successfully acquired a 14% working interest in the Cuthbert area, consolidating its interest to 100%, and also completed the acquisition of White Tundra Petroleum, enhancing its asset portfolio [2][3] Financial Performance - Q3 2025 sales revenue was $5,277,864, an 8% increase from Q2 2025 and a 12% increase from Q3 2024, driven by higher sales volumes and pricing [4][5] - Operating costs rose by 33% to $49.18/boe in Q3 2025 compared to Q2 2025, primarily due to increased contract operator fees and maintenance costs [5] - Average net sales increased by 4% from Q2 2025 to 808 boe/d in Q3 2025, and by 25% from Q3 2024 [5] Operational Highlights - The company invested $2.0 million in capital expenditures in Q3 2025, with $0.65 million allocated for well reactivations and $1.35 million for plant maintenance and upgrades [1] - Reactivation efforts targeted 8 wells, adding 57 boe/d of production at a capital efficiency of $11,406/boe [1] - The acquisition of White Tundra Petroleum added incremental production and cash flow opportunities to Prospera's asset base [3] Strategic Developments - Prospera secured $1.2 million in additional convertible debentures and $0.1 million in promissory notes for development purposes [5] - The company refinanced $0.6 million of debt into its convertible debenture offering, indicating a strategic approach to managing financial obligations [5] - An investor conference call is scheduled for November 28, 2025, to discuss Q3 2025 financial results and strategic direction [6]
Ålandsbanken Abp publishes the prospectus approved by the Finnish Financial Supervisory Authority and submits listing application in respect of its SEK 350,000,000 Additional Tier 1 Notes
Globenewswire· 2025-11-27 11:40
Core Points - Ålandsbanken Abp has announced the issuance of Additional Tier 1 floating rate notes amounting to SEK 350,000,000 with a floating interest rate of STIBOR three months plus a margin of 3.35% per annum [2] - The Finnish Financial Supervisory Authority has approved the listing prospectus for these notes, which is available on Ålandsbanken's website [3] - An application has been submitted to Nasdaq Helsinki Ltd for the admission of the notes to public trading, expected to commence on 1 December 2025, with Nordea Bank Abp acting as the lead manager for the issuance [4]