RYE, N.Y., Aug. 27, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of October, November, and December 2025. Based on current dynamics, the Fund may make distributions in excess of the Fund’s earnings. It is currently expected that distributions to common shareholders in 2025 will pri ...

Core Points - The Board of Trustees of Ellsworth Growth and Income Fund Ltd. declared a cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] - The Fund aims to pay the greater of an annual distribution of 5% of its trailing 12-month average month-end market price or the minimum distribution requirement set by the Internal Revenue Code for regulated investment companies [2] - The Board reviews potential distributions quarterly, considering the Fund's net asset value and market conditions, and may adjust distributions in December based on additional income and realized capital gains [3] Distribution Details - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4] - If the Fund's earnings do not cover the total distributions in a year, the excess amount will be considered a return of capital, generally not taxable and reducing the shareholder's cost basis [5] - For the fiscal year ending September 30, 2025, distributions are estimated to consist of approximately 20% from net investment income and 80% from net capital gains [6] Fund Overview - Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with total net assets of $199 million, primarily investing in convertible securities and common stock [7]

Core Insights - Telesat has appointed Donald Tremblay as the new Chief Financial Officer (CFO), effective October 20, 2025, succeeding Andrew Browne who is retiring after serving since 2019 [1][3] Group 1: Leadership Transition - Donald Tremblay brings over 35 years of financial expertise, including experience in equity and debt capital market transactions, mergers and acquisitions, compliance, and risk management [1][2] - Tremblay previously served as CFO at Champion Iron, Transalta, and Brookfield Renewable, where he significantly improved financial positions and market capitalizations [2] - Andrew Browne is recognized for his leadership and contributions, particularly in securing funding for Telesat Lightspeed and transitioning Telesat to a public company [3] Group 2: Company Overview - Telesat is one of the largest and most innovative global satellite operators, known for its engineering excellence and customer service [4] - The company focuses on delivering critical connectivity solutions to address complex communications challenges, aiming to drive profitable growth for its customers [4] Group 3: Future Plans - Telesat Lightspeed, the company's Low Earth Orbit (LEO) satellite network, is designed to meet the connectivity demands of various sectors, including telecom and government [5] - The network aims to provide high-capacity, secure, and resilient links with fiber-like speeds, redefining global satellite connectivity [5]

Details of the Q4 Webcast MONTREAL, Aug. 27, 2025 (GLOBE NEWSWIRE) -- NanoXplore Inc. ("NanoXplore") (TSX: GRA and OTCQX: NNXPF) is pleased to hold a webcast to discuss the results of its fourth quarter and year end results ended June 30, 2025, on Wednesday, September 17, 2025, at 10:00 a.m. Eastern Time. The financial results will be released on Tuesday, September 16, 2025, after the market close. Pierre-Yves Terrisse Vice-President Corporate Development py.terrisse@nanoxplore.ca Tel: +1 438 476 1965 When: ...

Core Points - Bancroft Fund Ltd. declared a cash distribution of $0.32 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] - The Fund aims to pay the greater of either an annual distribution of 5% of its trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code [2] Distribution Policy - The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions, with possible adjusting distributions in December [3] - The distribution policy is subject to modification or termination by the Board, and there is no guarantee of its continuation [3] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4] - Certain U.S. shareholders may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4] Earnings and Return of Capital - If the Fund's earnings do not cover the total distributions in a year, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] - For 2025, distributions to common shareholders are estimated to consist of approximately 39% from net investment income, 25% from net capital gains, and 36% as a return of capital [6] Company Overview - Bancroft Fund Ltd. is a diversified, closed-end management investment company with total net assets of $164 million, primarily investing in convertible securities [7] - The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. [7]

Core Viewpoint - Quipt Home Medical Corp. has received a new unsolicited acquisition proposal from Forager Capital Management, LLC at a price of US$3.10 per share, which follows previous offers that were deemed inadequate by the Company's Board [1][3]. Group 1: Acquisition Proposals - The latest proposal from FCM is a reduction from an earlier offer of US$3.90 per share made in January 2025, which represented a 26% premium over the current offer [2]. - The Board of Directors rejected the January Proposal, citing that it undervalued the Company and did not serve the best interests of shareholders [3]. - FCM has made multiple offers without engaging through the Company's financial advisor, raising concerns about its credibility and intentions [5]. Group 2: Company Developments - Since the January Proposal, the Company has made strategic acquisitions, including a full-service durable medical equipment provider with an unaudited revenue of US$6.6 million and a joint venture for a 60% stake in Hart Medical Equipment, contributing an additional unaudited revenue of US$60 million and US$7 million in Adjusted EBITDA [4]. - The Company aims to enhance shareholder value by expanding its service offerings in in-home monitoring and chronic disease management, focusing on patients with various health conditions [7]. Group 3: Board's Position - The Board, advised by Truist Securities, remains committed to protecting long-term shareholder value and is open to engaging with FCM if it complies with confidentiality agreements [6].

WINSTON-SALEM, N.C., Aug. 27, 2025 (GLOBE NEWSWIRE) -- ProKidney Corp. (Nasdaq: PROK) (“ProKidney” or the “Company"), a leading late clinical-stage cellular therapeutics company focused on chronic kidney disease (CKD), today announced that senior members of the management team will be participating in the following two upcoming healthcare conferences in September: Citi Biopharma Back to School Conference (Boston)Date:Wednesday, September 3, 2025Time:10:30am ETFormat:Fireside ChatWebcast:Link Morgan Stanley ...

Core Viewpoint - The Board of Directors of DallasNews Corporation reaffirms its support for the Hearst Merger Agreement, emphasizing the significant cash premium it offers to shareholders, while rejecting a competing proposal from MNG Enterprises, Inc. [1][3] Group 1: Merger Details - DallasNews entered into a definitive agreement with Hearst on July 9, 2025, for Hearst to acquire all issued and outstanding shares at $14.00 per share in cash [2] - The purchase price was later amended to $15.00 per share, representing a 242% premium over the closing price on July 9, 2025 [2] Group 2: Board's Decision Process - The Board reviewed the Revised Alden Proposal and determined it was not a superior proposal, engaging with Robert W. Decherd, who controls over 96% of the voting power of Series B common stock [3] - Decherd confirmed his intent to vote in favor of the Hearst Merger Agreement and stated he would not support a sale to Alden or its affiliates [3] Group 3: Company Background - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, known for its strong journalistic reputation and community ties [4] - The Dallas Morning News has won nine Pulitzer Prizes, while Medium Giant has received multiple industry awards, including the AAF Addy and AMA DFW Annual Marketer of the Year Award [4]

Core Viewpoint - Consolidated Lithium Metals Inc. (CLM) has entered into a non-binding letter of intent (LOI) with SOQUEM Inc. to potentially acquire up to an 80% interest in the Kwyjibo Rare Earth Project, which is strategically important for rare earth supply chains in North America and Europe [1][9]. Proposed Transaction Summary - The Proposed Transaction consists of two phases: - **Phase I**: CLM can earn a 60% interest in the Project by making payments and issuing common shares totaling C$23.15 million within five years [2]. - **Phase II**: Following Phase I, CLM can earn an additional 20% interest for a total of 80% by making further payments or issuing shares totaling C$22.00 million within three years [3]. Financial Commitments - The financial commitments under the LOI include: - C$5.65 million in cash and C$5.50 million in common shares to SOQUEM, along with C$12.00 million invested in key stages of the Project's development [4]. - An additional C$4.50 million in cash and C$4.50 million in common shares, plus C$13.00 million for Project milestones such as feasibility studies and construction [5]. Project Development - Key stages of the Project's development include: - Negotiation of an impacts and benefits agreement with local Indigenous groups - Conducting a metallurgical study for environmental viability - Obtaining environmental permits - Initiating a 5,000-meter drilling campaign and a bankable feasibility study [4]. Project Characteristics - The Kwyjibo Rare Earth Project hosts an Iron Oxide Copper Gold (IOCG)-style mineral system with significant rare earth enrichment, particularly in neodymium, praseodymium, dysprosium, yttrium, and terbium [7]. - The Project is strategically located near established infrastructure, including the QNS&L rail line and the Port of Sept-Îles, and has access to Québec's hydroelectric power grid [7]. Management Commentary - The CEO of CLM highlighted the strategic importance of the LOI with SOQUEM, emphasizing the anticipated increase in demand for rare earth elements and the disciplined capital allocation approach for advancing the Project [9]. Exclusivity and Future Steps - SOQUEM has granted CLM a legally binding exclusivity period until October 31, 2025, during which CLM can negotiate the acquisition of the remaining 20% interest in the Project [5][6]. - The definitive agreement is expected to be negotiated and executed by the end of the exclusivity period [6].

Core Viewpoint - Pasinex Resources Limited reported financial results for Q2 2025, showing a net loss of $0.3 million, with challenges stemming from lower equity income, increased legal and interest expenses, and foreign exchange losses, despite lower exploration costs [2][3]. Financial Performance - Share of net equity gain from joint venture for Q2 2025 was $18,633, down from $309,802 in Q2 2024 [2] - Consolidated net loss for Q2 2025 was $(282,935), compared to $(296,550) in Q2 2024 [2] - Basic and diluted net income per share for Q2 2025 was $(0.002), consistent with Q2 2024 [2] - Net cash used in operating activities for Q2 2025 was $(322,122), compared to $(357,731) in Q2 2024 [2] - Total assets as of June 30, 2025, were $3,434,506, down from $3,557,225 in June 2024 [2] - Total liabilities increased to $5,759,786 as of June 30, 2025, from $4,900,852 in June 2024 [2] - Total shareholders' deficit grew to $(2,325,280) as of June 30, 2025, compared to $(1,343,627) in June 2024 [2] Operational Data - Zinc product mined (wet) tonnes for Q2 2025 were 280, down from 1,225 in Q2 2024 [2] - Zinc product sold (wet) tonnes for Q2 2025 were 543, compared to 994 in Q2 2024 [2] - Average grade of zinc sulphide product sold in Q2 2025 was 47.8%, slightly down from 49.0% in Q2 2024 [2] Strategic Developments - The company made additional payments of US$100,000 towards the Sarıkaya project, totaling US$350,000 of the agreed US$2,600,000 [2] - A non-brokered private placement of common shares was announced on July 15, 2025, for gross proceeds of up to $2.15 million [2] - On July 10, 2025, 28.8 million shares were issued at $0.075 to settle $2.16 million of outstanding debt [2] Management Commentary - The Executive Chair emphasized the company's strategy of advancing the Sarıkaya acquisition, strengthening the balance sheet through equity financing, and exploring debt financing options for future growth [3]. Industry Outlook - Pasinex is focused on building a zinc mining company through the acquisition and development of high-grade zinc deposits in Türkiye and Nevada [4]. - Türkiye is highlighted as a favorable jurisdiction for zinc exploration, with deposits containing 25% to 50% zinc, equating to copper grades of approximately 9% to 15% at a copper price of US$5 per pound [5]. - Mining costs are estimated between US$200 to US$300 per tonne of ore, with after-tax margins generally between 30% and 50% [6]. - The Sarıkaya license is noted as a significant near-term opportunity for direct shipping ore and potential major zinc discoveries [7].