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Titan Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about June 2, 2025
Globenewswire· 2025-05-29 21:30
Company Overview - Titan Acquisition Corp is a blank check company incorporated under the laws of the Cayman Islands, aiming to pursue a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities [2]. IPO Details - The Company completed its initial public offering on April 10, 2025, selling a total of 27,600,000 units, which includes 3,600,000 units from the underwriters' overallotment option [1]. - Holders of the units will be able to separately trade the Class A ordinary shares and warrants starting on or about June 2, 2025 [1]. - The units will continue to trade on The Nasdaq Global Market under the symbol "TACHU," while the Class A ordinary shares and warrants will trade under the symbols "TACH" and "TACHW," respectively [1]. Regulatory Information - A registration statement for the securities was declared effective on April 8, 2025, in accordance with the Securities Act of 1933 [3].
Hudbay Provides an Update on the Wildfire Situation near Flin Flon
Globenewswire· 2025-05-29 21:15
Core Viewpoint - Hudbay Minerals Inc. is actively responding to the wildfire situation in northern Manitoba, prioritizing employee safety and compliance with evacuation orders while maintaining essential operations in the region [1][2][3] Group 1: Company Operations - Hudbay has ceased active mine production in Flin Flon following the closure of the 777 mine in 2022, but continues care and maintenance activities [1] - Operations in Snow Lake, located approximately 200 kilometers east of Flin Flon, are expected to see temporary reduced production levels due to a significant portion of the workforce residing in Flin Flon [2] - The company has paused exploration activities in the Flin Flon and Snow Lake regions as fire mitigation efforts are underway [2] Group 2: Community and Employee Support - Hudbay is securing additional accommodations in Snow Lake for evacuated employees and their families [7] - The company is deploying trained emergency personnel to assist with firefighting efforts and maintaining communication with local authorities regarding available resources for emergency response [7] - Hudbay emphasizes its commitment to the safety of employees, their families, and the communities it serves during this challenging time [3] Group 3: Company Profile - Hudbay is a copper-focused mining company with operations in Canada, Peru, and the United States, producing copper as its primary metal along with gold, zinc, silver, and molybdenum [6][8] - The company has a growth pipeline that includes several projects in tier-one mining-friendly jurisdictions, such as the Copper World project in Arizona and the Mason project in Nevada [8] - Hudbay's mission is to create sustainable value and strong returns by leveraging its strengths in community relations, exploration, mine development, and efficient operations [9]
Kane Biotech Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-29 21:05
Financial Performance - Total revenue for Q1 2025 was $412,513, a significant increase from $51,886 in Q1 2024, primarily driven by contract animal health manufacturing revenue for Dechra Veterinary Products, Inc. [8] - Gross profit for Q1 2025 was $42,447, compared to $40,051 in Q1 2024 [8]. - Total operating expenses for Q1 2025 were $1,203,505, down from $1,228,153 in Q1 2024 [8]. - Net loss for Q1 2025 was $(1,218,497), an improvement from a net loss of $(1,346,825) in Q1 2024 [8]. Corporate Developments - On April 28, 2025, the company announced a restructuring strategy focusing on its revyve™ biofilm dispersion technology-based wound care product portfolio [2]. - The company closed a $1.2 million private placement and a $1.0 million unsecured loan on May 5, 2025, and is implementing cost reduction initiatives to lower monthly operating costs [3]. - Two insiders surrendered a total of 3,372,095 RSUs for cancellation on May 9, 2025, as part of their commitment to the company [4]. - The former CEO filed a legal action for $445,000 related to his employment agreement, which the company plans to vigorously defend [4]. Strategic Focus - The interim CEO, Dr. Robert Huizinga, emphasized the execution of the restructuring strategy to create shareholder value by focusing on commercial opportunities in the US and streamlining operations to preserve cash [5]. - The company is committed to strengthening product distributor relationships, advancing its pipeline, and delivering long-term value to patients, partners, and shareholders [5]. Product Development - Kane Biotech is developing novel wound care treatments that target biofilms, which contribute to antibiotic resistance in wounds, with its revyve™ product line addressing both biofilms and wound bacteria [6].
Osisko Metals Announces Voting Results of Annual and Special Meeting of Shareholders
Globenewswire· 2025-05-29 21:04
Core Points - Osisko Metals Incorporated held its annual and special meeting of shareholders, with 290,548,699 common shares represented, accounting for approximately 47.67% of total issued shares [2] - All matters presented for shareholder approval were overwhelmingly approved, including the adoption of the Omnibus Plan, which reserves a maximum of 60,956,063 common shares for issuance [2][6] - The company is focused on resource expansion at the Gaspé Copper mine, which has indicated mineral resources of 824 million tonnes grading 0.34% CuEq and inferred resources of 670 million tonnes grading 0.38% CuEq [4] - The Pine Point project, a joint venture with Appian Capital Advisory LLP, has indicated mineral resources of 49.5 million tonnes at 5.52% ZnEq and inferred resources of 8.3 million tonnes at 5.64% ZnEq [5][7] Company Overview - Osisko Metals is a Canadian exploration and development company focused on critical metals, particularly copper and zinc [4] - The company acquired a 100% interest in the Gaspé Copper mine from Glencore Canada Corporation in July 2023, which is strategically located near existing infrastructure in Québec [4] - The Pine Point project is one of Canada's largest past-producing zinc mining camps, located in the Northwest Territories with good access to infrastructure [5][7]
Bombardier Announces Closing of its New Issuance of Senior Notes due 2033
Globenewswire· 2025-05-29 21:01
MONTRÉAL, May 29, 2025 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier”) today announced that it has successfully closed its previously announced offering of US$500 million aggregate principal amount of Senior Notes due 2033 (the “New Notes”). The New Notes carry a coupon of 6.750% per annum, mature on June 15, 2033 and were sold at par. Bombardier intends to use the proceeds of the offering of the New Notes, together with cash on hand, (i) to fund the repayment and/or retirement of outstanding indebtednes ...
MINILUXE REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2025
Globenewswire· 2025-05-29 21:01
Announces Strong and Continued Revenue and Gross Profit GrowthReported figures all in U.S. Dollars Boston, MA, May 29, 2025 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) today announced its financial results for the 13 weeks ended March 30, 2025 ("Q1 2025"). The fiscal year of MiniLuxe is a 52-week reporting cycle ending on Sunday closest to December 31, which periodically necessitates a fiscal year of 53 weeks; fiscal years referred to in this release consist of 52-week periods. Unless otherwise ...
Verizon Dominates Indy 500 Data Connectivity
Globenewswire· 2025-05-29 20:59
Core Insights - The 2025 Indianapolis 500 race set a new record for data usage on the Verizon network, with a total of 172 terabytes (TB) consumed, marking it as one of the highest data usage events in Verizon's history [1][3][4] Data Usage Highlights - The event saw more unique users than the Super Bowl, indicating a massive demand on wireless networks [2] - Verizon's network handled more data than any previous NFL draft and nearly double the data of any Super Bowl in recorded history [2] - The data usage during the race was equivalent to over 57 million digital photos, showcasing the scale of connectivity [3] 5G Network Performance - The significant increase in data usage was driven by the commercial activation of 5G Standalone at the Indianapolis Motor Speedway, enhancing the fan experience through real-time sharing [4] - There was a 74.6% increase in 5G Ultrawideband (UW) volume, rising from 43 TB last year to 61 TB this year [7] - Overall traffic saw a 48.5% increase in total combined 4G and 5G UW data volume, demonstrating the network's capability to meet intense demand [7] Fan Engagement and Broader Impact - High fan engagement was evident, with 15 TB of the 61 TB used inside the track being uploaded data, reflecting real-time sharing among fans [7] - Outside the track, over 111 TB of data was used, indicating the event's broader impact on the network [7] - The combined data volume inside and outside the venue reached nearly 172 TB, representing a 35% increase from the previous year's race day [7]
ThreeD Capital Inc. Releases Results For the Three and Nine Months Ended March 31, 2025
Globenewswire· 2025-05-29 20:54
TORONTO, May 29, 2025 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce its unaudited results as at and for the three and nine months ended March 31, 2025. As at March 31, 2025, the Company had cash, investments and digital assets of $37.4 million. As at March 31, 2025, net asset value per share w ...
Magnera to Present at the 2025 Wells Fargo Industrials & Materials Conference
Globenewswire· 2025-05-29 20:54
CHARLOTTE, N.C., May 29, 2025 (GLOBE NEWSWIRE) -- Magnera Corporation (NYSE: MAGN) today announced they will attend the 2025 Wells Fargo Industrials & Materials Conference in Chicago, Illinois. Magnera CEO, Curt Begle, and CFO & Treasurer, Jim Till, will present at the conference during a fireside chat on Wednesday, June 11th, 2025, at 3:45 p.m. CT. 1x1 meetings with institutional investors will take place June 11-12, 2025. A live webcast of the presentation will be available on the company's website at: ht ...
Volatus Releases Q1 2025 Financial Results
Globenewswire· 2025-05-29 20:45
Core Insights - Volatus Aerospace Inc. reported Q1 2025 financial results, generating revenues of CAD 5,713,158 with a gross margin of 32% [2][6] - The company achieved a 30% year-over-year improvement in Adjusted EBITDA, reducing losses from CAD 1.39 million in Q1 2024 to CAD 978,000 in Q1 2025 [7][8] - The company is focusing on operational efficiency and strategic partnerships to enhance its market position and profitability [8] Financial Highlights - Revenue for Q1 2025 was CAD 5,713,158, down from CAD 6,623,741 in Q1 2024, reflecting a strategic repositioning towards a more profitable revenue mix [7][11] - Gross profit was CAD 1,829,973, with a gross margin of 32%, compared to 34% in Q1 2024, primarily due to a higher proportion of lower-margin equipment sales [7][11] - Comprehensive loss increased to CAD 4,285,320 in Q1 2025 from CAD 2,991,319 in Q1 2024, indicating ongoing challenges despite operational improvements [7][11] Operational Highlights - The company experienced a 47% quarter-over-quarter increase in equipment sales driven by changes in tariff policies in the US market [7] - Volatus closed a fully subscribed LIFE Offering of CAD 3,000,000 and a shares-for-debt transaction of CAD 2,646,000, strengthening its balance sheet [6][7] - The company announced several strategic partnerships to enhance its operational capabilities, including collaborations with Ondas Holdings and Draganfly for various projects [7][8] Regulatory and Market Developments - Volatus obtained Canada-wide approval for long-distance, remotely piloted BVLOS drone operations at night, which supports its expansion plans [7] - The company surpassed 75,000 flight hours in pipeline integrity monitoring, showcasing its operational experience and capabilities [7] - Ongoing geopolitical challenges are being navigated through diversification and securing key regulatory approvals [8]