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Endeavour Silver Continues to Confirm High-Grade Structures During its 2024/2025 Drill Program at Pitarrilla
Globenewswire· 2025-06-03 10:50
Core Viewpoint - Endeavour Silver Corp. reported positive drill results from its Pitarrilla project in Durango, Mexico, indicating high-grade silver, zinc, and lead mineralization, which enhances confidence in upgrading existing mineral resources [1][21][22]. Drill Results Summary - Significant drill results from the Pitarrilla project include: - Hole BPU-022: 129 gpt Ag, 0.84% Pb, and 2.55% Zn for 242 gpt AgEq over 247 m, with high-grade intervals of 716 gpt Ag, 4.19% Pb, and 6.61% Zn for 1,062 gpt AgEq over 1.00 m [4][14]. - Hole BPD-505: 1,127 gpt Ag, 1.40% Pb, and 4.36% Zn for 1,319 gpt AgEq over 2.08 m ETW, including 4,630 gpt Ag, 2.26% Pb, and 3.49% Zn for 4,814 gpt AgEq over 0.20 m ETW [7][12]. - Hole BPD-506: 893 gpt Ag, 2.06% Pb, and 2.56% Zn for 1,038 gpt AgEq over 3.97 m ETW, with a notable interval of 5,090 gpt Ag, 9.22% Pb, and 0.84% Zn for 5,363 gpt AgEq over 0.23 m ETW [7][12]. Geological Context - The Pitarrilla deposit features three mineralized domains and at least four identified sulphide mineralized veins (Casas Blancas, Victoria, Danna, and Palmito) [5][6]. - The mineralized structures extend from below marine sediments through Manto Pitarrilla into the upper volcanics, remaining open at depth [6][21]. Project Overview - The Pitarrilla project is a large undeveloped silver, lead, and zinc project located 160 kilometers north of Durango City, covering 4,752 hectares across five concessions [23]. - The project has significant infrastructure and key permits in place for underground mining and development, including water use and discharge, explosives use, and soil change [23]. Company Background - Endeavour Silver is a mid-tier precious metals company focused on sustainable mining practices, with operations in Mexico and Peru, and aims to become a premier senior silver producer [24].
RESOLUTIONS OF AFARAK GROUP SE’S ANNUAL GENERAL MEETING
Globenewswire· 2025-06-03 10:45
Core Points - The Annual General Meeting (AGM) of Afarak Group SE was held on June 3, 2025, in Helsinki, where the financial statements for 2024 were adopted and the Board of Directors and CEO were discharged from liability [1] - The AGM resolved that no dividend would be paid for 2024, but authorized the Board to distribute a maximum of EUR 0.005 per share from retained earnings or assets from the reserve for invested unrestricted equity, valid until December 31, 2025 [2] - The Board of Directors will consist of three members, with Dr. Jelena Manojlovic and Mr. Thorstein Abrahamsen re-elected, and Mr. Julien Duniague elected as a new member [3] - Non-executive Board Members will receive EUR 5,000 per month, with the Chairman receiving an additional EUR 1,500, and committee members receiving an extra EUR 1,500 for their work [4] - Tietotili Audit Oy was re-elected as the auditor of the Company, with Urpo Salo as the principal responsible auditor [5] - Tietotili Audit Oy was also elected as the sustainability reporting assurer, with Urpo Salo responsible for sustainability reporting [6] - Following the AGM, Mr. Thorstein Abrahamsen was re-elected as Chairperson of the Board, with specific committee compositions outlined [7] - The Company has a total of 277,041,814 shares, holding 15,641,514 shares in treasury as of June 3, 2025 [8] - Afarak Group specializes in alloy production, focusing on sustainable growth in its Specialty Alloys business in southern Europe and FerroAlloys business in South Africa, and is listed on NASDAQ Helsinki and the London Stock Exchange [10]
Hyperscale Data Reports Approximately $8.7 Million In Bitcoin Mining Revenue Year to Date, Including Approximately $1.9 Million for May 2025
Globenewswire· 2025-06-03 10:30
Core Viewpoint - Hyperscale Data, Inc. reported strong performance from its subsidiary Sentinum, which received approximately 17.4 Bitcoin in May 2025 and about 90 Bitcoin year-to-date, benefiting from the recent increase in Bitcoin prices [1][2]. Group 1: Financial Performance - Sentinum earned approximately 17.4 Bitcoin in May 2025 and approximately 90 Bitcoin year-to-date from its mining operations [1]. - Revenue is calculated daily based on the number of Bitcoin earned at the current market value [1]. Group 2: Operational Updates - Sentinum plans to resume Bitcoin mining operations at its Montana facilities in June 2025, which will enhance its mining capacity with about ten megawatts of power, sufficient for approximately 3,200 S19j Pro Antminers [2]. - Initially, mining operations will commence with around 2,600 Antminers, with plans to scale up to full capacity by July 2025 [2]. Group 3: Strategic Direction - The Company aims to capitalize on the rising Bitcoin prices through selective deployment of its mining fleet rather than selling miners in the secondary market [2]. - Hyperscale Data is preparing for a divestiture of its subsidiary Ault Capital Group, Inc. by December 31, 2025, after which it will focus solely on data center operations and may continue Bitcoin mining [5].
Parsons Selected for the Austin-Bergstrom International Airport Program Management Contract
Globenewswire· 2025-06-03 10:30
CHANTILLY, Va., June 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was one of seven lead consultants selected by the City of Austin to provide program management services in support of the Rolling Capital Improvement Program and the once-in-a-generation Journey With AUS, the expansion and development program for the Austin-Bergstrom International Airport (AUS). Under the contract, consultants will provide comprehensive program management support services to su ...
Why AI Projects Fail: Groundbreaking Survey Uncovers Crisis of Trust in Underlying Content
Globenewswire· 2025-06-03 10:30
SUNNYVALE, Calif., June 03, 2025 (GLOBE NEWSWIRE) -- eGain (NASDAQ: EGAN), the leader in AI knowledge platform for service, today announced the findings of a first-of-its-kind survey on the state of AI in 2025. Conducted by Enterprise AI/KMWorld in Spring 2025, the findings were compiled from the responses of 316 executives, knowledge managers and practitioners worldwide. The survey revealed a make-or-break barrier to AI success with a whopping 61% of respondents pointing to erroneous or inconsistent answer ...
Probe Awards Key Engineering Contracts to Advance Novador Project Pre-Feasibility Study
Globenewswire· 2025-06-03 10:30
Highlights: Ausenco Engineering Canada ULC will lead the Pre-Feasibility Study (PFS) and will be responsible for the process plant design, the supporting infrastructure, overall opex and capex.G Mining Services will lead the mining engineering scope of the project including mining opex and capex.GHD will lead the scope of the project related to the design of tailings and water management infrastructures.Probe has successfully completed a 50,000-metre infill drilling program to support the PFS, which remains ...
Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend
Globenewswire· 2025-06-03 10:30
MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), and Sitio Royalties Corp. (NYSE:STR) (“Sitio”) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio’s net debt of approximately $1.1 billion as of March 31, 2025. The consideration will consist o ...
Vera Therapeutics Announces Refinancing of Existing Oxford Debt Facility, Providing up to $500 Million of Term Loans
Globenewswire· 2025-06-03 10:30
BRISBANE, Calif., June 03, 2025 (GLOBE NEWSWIRE) -- Vera Therapeutics, Inc. (“Vera”), a late clinical-stage biotechnology company focused on developing and commercializing transformative treatments for patients with serious immunological diseases, today announced that it has entered into a new credit facility providing for up to $500 million of term loans with its current partner Oxford Finance LLC (“Oxford”). The new credit facility will replace Vera’s existing $50 million credit facility. The initial fund ...
NioBay Makes Its First Product Deliveries to Potential Customers/Partners
Globenewswire· 2025-06-03 10:29
Core Viewpoint - NioBay Metals Inc. has successfully made its first product deliveries from the SGS pilot plant in Québec City, marking a significant milestone for the Crevier niobium and tantalum project, supported by a grant from the Ministère des Ressources naturelles et des Forêts [1][2][4] Group 1: Project Developments - The grant received allowed NioBay to test the niobium-tantalum concentration process on a pilot scale, with initial deliveries aimed at verifying product specifications with potential customers [2] - The Crevier Project will focus on producing niobium oxide for battery manufacturers and tantalum oxide for high-tech applications [3] Group 2: Partnerships and Collaborations - NioBay will distribute concentrate to research partners, including Université Laval, CENET, and URSTM, to explore unconventional production methods for Niobium Ammonium Oxalate (ANO) [3] Group 3: Company Vision and Strategy - NioBay aims to lead in developing mines with low carbon consumption and responsible management practices, emphasizing the importance of Indigenous community participation in its operations [6] - The company holds a 100% interest in the James Bay Niobium Project and a 72.5% interest in the Crevier Project, with an option to acquire an 80% interest in the Foothills project [6] Group 4: Industry Context - Niobium is a ductile and corrosion-resistant metal used in various sectors, enhancing material properties and reducing environmental impacts when added to materials like steel and aluminum [7]
WeRide Teams Up with Renault to Bring Autonomous Shuttle to Roland-Garros Again
Globenewswire· 2025-06-03 10:21
PARIS, June 03, 2025 (GLOBE NEWSWIRE) -- WeRide, a global leader in autonomous driving technology, is partnering with Renault Group, a premium partner of Roland-Garros, for the second consecutive year, to provide a Level-4 autonomous minibus shuttle service during the 2025 Grand Slam tournament on the iconic clay courts. (Passengers waiting to board WeRide's Robobus at Roland-Garros) The return of the Robobus service to Roland-Garros — one of the world's most prestigious sporting events — highlights the su ...