Domestic Metals Closes First Tranche of Non-Brokered Private Placement
Globenewswire· 2025-07-22 22:05
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES** VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Domestic Metals Corp. (the “Company” or “Domestic”) - (TSXV: DMCU; OTCQB: DMCUF; FSE: 03E) reports that, pursuant to their news release dated May 27, 2025 and July 11, 2025, the Company has closed a first tranche of their non-brokered financing issuing an aggregate 1,551,120 units for gross proceeds of $356,758. Each Unit consists of one common ...
Pulse Seismic Inc. Reports Strong Q2 2025 Financial Results and Declares Special and Regular Quarterly Dividends
Globenewswire· 2025-07-22 22:00
CALGARY, Alberta, July 22, 2025 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three and six months ended June 30, 2025. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR+ (www.sedarplus.ca) and will be available on Pulse’s website at www.pulseseismic.com. Today, Pulse’s Board of Directors declared a regular quarterly dividend of $0 ...
OFA Group Rings Nasdaq Closing Bell and Reaffirms Commitment to $100 Million Bitcoin Strategic Digital Asset Treasury Initiative
Globenewswire· 2025-07-22 21:47
Core Insights - OFA Group celebrated its initial public offering and progress in building a high-margin, innovation-driven ecosystem, emphasizing the relevance of its AI and architecture platform [1] - The company is establishing a digital asset treasury as part of its strategy to incorporate crypto assets onto its balance sheet, aiming for enhanced financial flexibility [2][3] - The digital asset treasury is designed to generate yield opportunities, providing working capital for operations and growth initiatives, with Bitwise Asset Management appointed as the manager [3][4] Strategic Initiatives - The digital asset treasury will support funding for OFA's core verticals, reflecting a disciplined approach to modern capital allocation and commitment to a sustainable, innovation-driven business model [4][5] - The COO highlighted the potential of crypto assets to generate yield and provide non-dilutive capital for strategic initiatives, integrating digital assets into the balance sheet to create new value generation opportunities [5] - OFA is focused on delivering long-term value by building a high-margin, innovation-led ecosystem across construction, real estate, and care infrastructure [5] Innovation and Technology - OFA is developing proprietary AI technologies to enhance architectural design services, integrating AI with human expertise [6] - The company is expanding its AI capabilities with initiatives like PlanAid for automating building code compliance and a new platform for generating mechanical, electrical, and plumbing blueprints [7] - OFA aims to improve real estate development speed, reduce costs, and increase asset returns by integrating AI tools with architectural expertise [7]
NN, Inc. Appoints Tim Erro as New Chief Commercial Officer, Expands New Business Program
Globenewswire· 2025-07-22 21:45
Core Insights - NN, Inc. has appointed Timothy Erro as the new Vice President and Chief Commercial Officer to lead its global commercial team [1][3] - The company is expanding its new business program due to early successes, with a commitment to increase its overall new business objectives [2][4] Business Performance - NN has achieved approximately $160 million in new business wins since launching its initiative in 2023, primarily in traditional markets and emerging success in electrical and medical end markets [4] - The new business pipeline is robust, exceeding $700 million across all products and targeted growth areas [4] Strategic Goals - The company aims to increase targets and pace for new wins, particularly in electrical and medical markets, and set higher annual award goals [4] - NN plans to strategically expand its product offerings and solutions [4] Leadership Background - Timothy Erro brings over 30 years of experience in electrical and electronic products, having led successful global programs in previous roles [3][6] - Prior to joining NN, Erro held significant positions at Commercial Vehicle Group, Inc., Aptiv, Leoni Wiring Systems, General Motors, and United Technologies Automotive [6] Market Focus - NN is focusing on various markets including on-road commercial vehicles, aerospace and defense platforms, automotive, and medical products [5][6]
Timberland Bancorp Third Fiscal Quarter Net Income Increases to $7.10 Million
Globenewswire· 2025-07-22 21:37
Core Viewpoint - Timberland Bancorp, Inc. reported strong financial results for the third fiscal quarter of 2025, with significant increases in net income and earnings per share, driven by net interest margin expansion and steady balance sheet growth [3][9]. Earnings Highlights - Net income for the quarter ended June 30, 2025, was $7.10 million, or $0.90 per diluted common share, representing a 5% increase from the previous quarter and a 20% increase year-over-year [1][9]. - For the first nine months of fiscal 2025, net income rose 16% to $20.72 million, or $2.60 per diluted common share, compared to $17.93 million, or $2.21 per diluted common share for the same period in fiscal 2024 [2][9]. - The quarterly return on average assets increased to 1.47%, and return on average equity rose to 11.23% [9][5]. Balance Sheet Highlights - Total assets increased by 1% from the prior quarter to $1.96 billion and grew 3% year-over-year [15][9]. - Total deposits rose by $18.65 million, or 1%, to $1.67 billion during the quarter, with significant increases in certificates of deposit and money market accounts [24][9]. - Total shareholders' equity increased by 2% from the prior quarter to $256.66 million, reflecting strong earnings and a stock repurchase program [28][9]. Net Interest Margin and Income - The net interest margin expanded to 3.80%, a one basis point increase from the prior quarter and a 27 basis point improvement year-over-year [3][9]. - Net interest income for the current quarter increased by 2% to $17.62 million, and for the first nine months of fiscal 2025, it rose by 9% to $51.81 million [8][10]. Stock Repurchase Program - The Board of Directors announced a new stock repurchase program allowing the company to repurchase up to 5% of outstanding shares, replacing the previous program [30][31]. Asset Quality - The non-performing assets to total assets ratio was 0.21% at June 30, 2025, compared to 0.13% at March 31, 2025, and 0.22% at June 30, 2024 [32][9]. - Total delinquent loans increased by 86% to $6.18 million, primarily due to one loan being past maturity [33][9]. Loan Portfolio - Net loans receivable increased by 2% during the quarter to $1.44 billion, with notable growth in multi-family and commercial real estate loans [17][9]. - Timberland originated $81.99 million in loans during the quarter, compared to $56.76 million for the preceding quarter [22][9].
Lancaster Resources Clarifies News Release
Globenewswire· 2025-07-22 21:23
Core Viewpoint - Lancaster Resources Inc. is clarifying its acquisition of the Lac Iris Polymetallic Project and providing updates on its exploration activities across various properties, focusing on gold, lithium, and uranium projects in Canada and Australia [1][3][16]. Group 1: Lac Iris Polymetallic Project - The Lac Iris project spans approximately 1,443 hectares and is located along the geological trend of the NISK polymetallic high-grade nickel-copper sulphide deposit, indicating its potential for polymetallic exploration [2]. - The acquisition of the Lac Iris project was completed through online staking using Quebec's Mining Title Management system, with titles pending provincial mining title review [3]. - Lancaster is collaborating with KorrAI to utilize hyperspectral imaging and conduct geological and geochemical programs to identify polymetallic and lithium-rich areas, aiming to construct detailed geological maps and evaluate high-value metals content [4]. Group 2: Lake Cargelligo Gold Project - The Lake Cargelligo Gold project covers over 28,768 hectares and has multiple historical high-grade gold and silver occurrences, with rock chip sampling results showing up to 204 g/t Au and 273 g/t Ag [5]. - Lancaster has initiated discussions with local stakeholders to expedite approvals, aiming to start exploration programs in Q3 2025 [6][7]. - The exploration program will focus on confirming previously reported gold and silver concentrations, with plans for detailed geological mapping and a targeted geophysical program to support follow-up drilling [7]. Group 3: Other Projects - Lancaster holds a 100% interest in the Trans-Taiga property in the James Bay lithium district and is exploring joint field programs with the Lac Iris project to optimize capital and confirm opportunities [8]. - The company also owns the Catley Lake and Centennial East uranium projects in Saskatchewan, adjacent to the Cameco Centennial deposit, which has notable uranium concentrations [9][10]. - The Piney Lake Gold Project in Saskatchewan has historical geochemical samples indicating significant gold showings, with concentrations of 7.55 g/T Au and 41.35 g/T Au reported [12]. Group 4: Management Commentary - The CEO of Lancaster expressed excitement about the Lake Cargelligo acquisition, emphasizing the acceleration of exploration programs and the potential for significant exploration results [13].
Eupraxia Pharmaceuticals Invited to Present at Upcoming Investor Conferences
Globenewswire· 2025-07-22 21:17
VICTORIA, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Eupraxia Pharmaceuticals Inc. (“Eupraxia” or the “Company”) (NASDAQ:EPRX) (TSX:EPRX), a clinical-stage biotechnology company leveraging its proprietary DiffuSphere™ technology designed to optimize local, controlled drug delivery for applications with significant unmet need, today announced that the Company’s management team will present and participate at the following upcoming investor conferences: Canaccord Growth 45th Annual Growth ConferenceD ...
Northview Residential REIT Announces July Distribution
Globenewswire· 2025-07-22 21:16
Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, July 22, 2025 (GLOBE NEWSWIRE) -- Northview Residential REIT (the “REIT”) today announced its July 2025 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”) in the amount of C$0.091146 per Unit (C$1.09 per Unit on an annualized basis). The distribution will be payable on August 15, 2025 to holders of Units of record at July 31, 2025. A ...
Mustang Announces Closing of Second Tranche of Non-Brokered Private Placement
Globenewswire· 2025-07-22 21:05
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Mustang Energy Corp. (CSE: MEC, OTC: MECPF, FRA: 92T) (“Mustang” or the “Company”) is pleased to announce that, further to its news release dated June 24, 2025 and July 9, 2025, it has closed the second tranche (the “Second Tranche”) of its previously announced $3,000,000 non-brokered private placement (the “Offering”), which Second Tranche consis ...
GCC Reports Second Quarter 2025 Results
Globenewswire· 2025-07-22 21:05
CHIHUAHUA, Mexico, July 22, 2025 (GLOBE NEWSWIRE) -- GCC, S.A.B. de C.V. (BMV: GCC*), a leading supplier and producer of cement, aggregates, and concrete in the United States and Mexico, announced today its results for the second quarter of 2025. Q2 2025 HIGHLIGHTS Consolidated net sales increased 1% year-on-year to US$363.9 millionU.S. sales grew 7.7% as concrete and cement volumes increased 20.7% and 4.2%, respectivelyU.S. concrete and cement prices increased 9.5% and 0.6%, respectivelyMexico cement and c ...