Workflow
DallasNews Rejects Revised Non-Binding Proposal from Affiliate of Alden Global Capital
Globenewswire· 2025-08-27 11:30
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]
Consolidated Lithium Metals Inc. Signs Letter of Intent with SOQUEM to Earn up to 80% Interest in the Kwyjibo Rare Earth Project, Québec
Globenewswire· 2025-08-27 11:30
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].
Pasinex Announces Q2 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-08-27 11:30
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].
Conagra Brands Unveils Future of Snacking 2025 Report, Spotlighting Bold Flavors, Better-For-You Choices, and On-the-Go Innovation
Prnewswire· 2025-08-27 11:30
Core Insights - The Future of Snacking 2025 report by Conagra Brands highlights key trends shaping the $148.6 billion U.S. snacking market, emphasizing evolving consumer behaviors and preferences [1][8]. Group 1: Emerging Trends - **Flavor Explosion**: Traditional flavors like sea salt and BBQ remain popular, but bold flavors such as sriracha and garlic parmesan are driving significant growth [3][11]. - **Snacking Without Borders**: Global snack sales reached $5.7 billion, with a 22% volume growth over the past three years, driven by younger consumers' interest in multicultural flavors [4][11]. - **Better-for-You Snacking**: There is a rising demand for protein-rich, portion-controlled, and nutrient-dense snacks, particularly among Gen Z and Millennials, with specific claims like "grass-fed" and "gut health" gaining traction [4][11]. Group 2: Market Dynamics - **Co-Branded Bites**: Co-branded snacks are generating nearly $2.1 billion in annual sales, leveraging partnerships with restaurants and entertainment brands to enhance market appeal [4][11]. - **Snacks on the Go**: Convenience is a key driver, with away-from-home snack occasions projected to grow by 39% by 2027, indicating a shift towards more accessible snack options [5][11].
Bread Financial Announces Approval of $200 Million Share Repurchase Program
Globenewswire· 2025-08-27 11:30
Core Viewpoint - Bread Financial Holdings, Inc. has authorized a new share repurchase plan of up to $200 million with no expiration date, indicating a commitment to returning value to shareholders and strengthening its capital position [1][2]. Group 1: Share Repurchase Plan - The Board of Directors has approved a plan to repurchase up to $200 million of common stock [1]. - The repurchase plan is flexible and does not obligate the company to acquire a specific number of shares, allowing for suspension or termination based on market conditions and other factors [3]. Group 2: Company Positioning - The company is focused on strengthening its balance sheet and executing capital priorities to grow responsibly while returning value to shareholders [2]. - Bread Financial is described as a tech-forward financial services company that offers personalized payment, lending, and saving solutions to millions of U.S. consumers [4].
Dragonfly Energy Partners with Awaken RV to Power Next-Generation Fiberglass Travel Trailers
Globenewswire· 2025-08-27 11:30
Core Insights - Dragonfly Energy Holdings Corp. partners with Awaken RV to provide Battle Born Batteries as the standard lithium power solution in Awaken RV's debut lineup [3][4][6] - Awaken RV aims to redefine fiberglass travel trailers with modern designs and features, emphasizing off-grid capabilities powered by Dragonfly Energy's lithium technology [4][5][9] Company Overview - Dragonfly Energy is a leader in energy storage and battery technology, specializing in lithium battery manufacturing and system integration, with a focus on safety and reliability [7] - The company has established a strong market presence with its Battle Born Batteries, which are widely adopted by top RV OEMs [6][7] Product Features - Awaken RV's trailers include a base configuration with a Battle Born GC3 lithium battery, expandable options, and solar compatibility, catering to the growing demand for off-grid flexibility [5][6] - The trailers feature modern amenities such as larger residential-style refrigerators and innovative layouts designed for comfort and usability [4][5]
MasterCraft Boat Holdings, Inc. Reports Fiscal 2025 Results
Globenewswire· 2025-08-27 11:30
VONORE, Tenn., Aug. 27, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) today announced financial results for its fiscal 2025 fourth quarter and year ended June 30, 2025. The overview, commentary, and results provided herein relate to our continuing operations, which consists of our MasterCraft and Pontoon segments. Fourth Quarter Overview: Net sales for the fourth quarter were $79.5 million, up $25.2 million, or 46.4%, from the comparable prior-year periodIncome from continuing oper ...
NANO Nuclear Expands Presence in Argentina By Signing Memorandum of Understanding with Dioxitek S.A., Argentina’s Only Uranium Feedstock Manufacturer for Nuclear Fuel Fabrication
Globenewswire· 2025-08-27 11:30
Core Points - NANO Nuclear Energy Inc. has signed a Memorandum of Understanding (MOU) with Dioxitek S.A. to evaluate uranium conversion capabilities in Argentina [1][2] - The collaboration aims to assess the feasibility of developing an enrichment production line at Dioxitek's facility to support Argentina's nuclear supply chain [2][3] - This partnership is positioned to address the global shortage of uranium hexafluoride (UF₆) by enhancing domestic conversion capabilities in Argentina [3][4] Company Overview - NANO Nuclear is focused on advanced nuclear energy solutions and aims to become a diversified, vertically integrated company across multiple business lines, including microreactor technologies and nuclear fuel fabrication [8] - The company is recognized as the first portable nuclear microreactor company publicly listed in the U.S. [8] - NANO Nuclear's reactor products under development include the KRONOS MMR Energy System, ZEUS, ODIN, and LOKI MMR, which represent advancements in clean energy solutions [9] Strategic Importance - The MOU signifies a strategic milestone for NANO Nuclear in South America, allowing access to real-world data that could impact the global nuclear fuel supply chain [4][6] - Argentina's regulatory changes and its strategic uranium reserves present significant opportunities for collaboration and development of nuclear infrastructure [3][4] - The partnership is expected to contribute to Argentina's energy independence and the expansion of its nuclear fuel cycle capabilities [6]
Minovia Therapeutics Announces $350,000 Grant from Countdown for a Cure Foundation to Develop Mitochondria Blood-Based Biomarkers
Globenewswire· 2025-08-27 11:15
Company Overview - Minovia Therapeutics Ltd. is a clinical-stage biotechnology company focused on developing therapies for mitochondrial diseases and age-related decline [1][5] - The company is working on its main drug product, MNV-201, which is currently being tested for Pearson Syndrome and Myelodysplastic Syndrome [5] Recent Developments - Minovia has been awarded a $350,000 grant from Countdown for a Cure to develop novel mitochondrial blood-based biomarkers [1][2] - The grant will fund clinical operations for blood sample collection from approximately 30 patients with primary mitochondrial diseases and 140 samples from healthy controls [2] Research and Development - The company aims to develop blood-based functional mitochondrial biomarkers to identify patients who may benefit from its proprietary mitochondrial augmentation technology (MAT) [2] - A clinical trial has been initiated at Sheba Medical Center to collect blood samples for analysis and to determine a "MitoScore" for each sample [2] Market Need - Mitochondrial dysfunction is associated with rare genetic mitochondrial diseases and chronic age-related diseases, with a significant unmet need for effective treatments [3] - Currently, there are no approved therapies for mitochondrial dysfunction, nor functional tests to diagnose and quantify it [3] Business Combination - Minovia has entered into a definitive business combination agreement with Launch One Acquisition Corp., a publicly traded special purpose acquisition company [4] - The transaction is expected to close in late 2025, after which the combined company will operate as Minovia Therapeutics and trade on Nasdaq under a new ticker symbol [4]
Pet Valu Locks in Lower Prices on Over 100 Pet Products
Globenewswire· 2025-08-27 11:02
Core Insights - Pet Valu, Canada's leading specialty retailer of pet food and supplies, has introduced new lower prices on over 100 popular items to provide better value for pet owners [3][4] - The company has been actively lowering prices since early 2024, having already reduced prices on over 1,000 popular pet products, including its proprietary brands [4] - The newly reduced items include a variety of leading national brands and are marked with "Lower Price. Locked In" signage for easy identification [5] Company Overview - Pet Valu operates over 800 corporate-owned or franchised locations across Canada and has been in business for over 45 years [6] - The company offers more than 10,000 competitively-priced products, including premium and award-winning proprietary brands [6] - Pet Valu is headquartered in Markham, Ontario, and its shares are traded on the Toronto Stock Exchange (TSX: PET) [6]