Subsea 7 S.A. - 2Q25 earnings call notification
Globenewswire· 2025-06-16 10:36
Group 1 - Subsea 7 S.A. will publish its second quarter 2025 results on 31 July 2025 at 08:00 CET [1] - A conference call and webcast for the investment community will take place on the same day at 11:00 UK / 12:00 CET [1] - The results announcement and presentation will be available on the Subsea 7 website from 08:00 CET [1] Group 2 - Conference call registration can be done via a provided phone link and webcast link [2] - Questions during the conference call can only be submitted from a phone line [2] - Subsea 7 focuses on delivering offshore energy transition solutions [2]
Exploring Changzhou's Life Aesthetics Along Grand Canal
Globenewswire· 2025-06-16 10:33
Core Insights - The event "An Encounter with Chinese Culture: Jiangsu Week of the Grand Canal Culture" was held in Brussels, promoting cultural exchange between civilizations through the Grand Canal as a symbolic link [1][4] - The Jiangnan culinary tradition was showcased, highlighting intricate food artistry and the philosophy of living in harmony with nature [2] - Traditional Chinese therapeutic practices were presented, emphasizing the healing power of traditional Chinese medicine and its connection to the Grand Canal culture [3] Group 1: Cultural Exchange - The event served as a bridge for cultural exchange, celebrating the 50th anniversary of China-EU diplomatic relations [1][4] - Changzhou's cuisine was transformed into a vibrant feast, captivating European audiences with Eastern aesthetics [1] Group 2: Culinary Highlights - Artisans showcased their skills by carving radishes into dragons and phoenixes, and creating vivid figures from Chinese mythology [2] - The star dish was a humble bowl of stir-fried rice with dried radish, reflecting rustic charm and cultural heritage [2] - The "Four Seasons Lion's Head" dish was highlighted for its seasonal ingredients and harmony with nature [2] Group 3: Traditional Medicine - Zhu Jun demonstrated traditional Chinese therapeutic massage techniques, showcasing the medical legacies of canal culture [3] - A cooperation agreement was signed between Changzhou Traditional Chinese Medicine Hospital and Belgium's Guoyitang Clinic to establish the Menghe School TCM Center [3]
Second Drill Hole at Potro SE Extends Polymetallic Mineralization at Mirasol’s Flagship Sobek Gold-Silver-Copper Project in the Vicuña District, Chile
Globenewswire· 2025-06-16 10:30
Core Viewpoint - Mirasol Resources Ltd. has announced positive results from the second drill hole at the Potro SE target, indicating the extension of a mineralized hydrothermal breccia system containing gold, silver, zinc, lead, and indications of copper at the Sobek Copper-Gold Project in Chile [1][2]. Group 1: Drill Results - The second drill hole (PSE-DDH-002) confirmed the continuity of mineralization, showing a well-mineralized intermediate sulfidation system potentially linked to a deeper porphyry center [2][6]. - The second drill hole reached a depth of 918 meters, approximately 80 meters deeper than the first hole, and exhibited slightly higher grades over narrower widths [4][6]. - Significant intercepts included 0.90 meters at 15.02 g/t gold equivalent and 17.65 meters at 0.22 g/t gold equivalent, with high values of silver, lead, and zinc [5][7][10]. Group 2: Geological Context - The mineralized breccias are interpreted to be controlled by the Ventana Fault System, which is associated with high-grade discoveries at nearby Lunahuasi [2][6]. - The hydrothermal breccia system is hosted along the Ventana Fault, indicating a potentially larger mineralized system [10][12]. - Future drilling will focus on the southern extension of the Potro SE mineralization along the Ventana Fault, targeting areas with stronger mineralization signals [11][12]. Group 3: Project Background - The Sobek Project is strategically located within a mineral-rich geological environment, approximately 3 kilometers from significant discoveries such as the Filo del Sol deposit and NGEx's Lunahuasi [13][14]. - Mirasol has been actively exploring the Sobek Project since 2016, capitalizing on the favorable structural architecture of the region [13][22]. Group 4: Financial and Corporate Updates - Mirasol has terminated its option agreement on the Inca Copper-Gold Project, having fulfilled all exploration obligations [16]. - The company announced an increase in a shareholder loan to $3 million, which will be used for general working capital and to pay creditors [17][18].
Inflection Resources to Acquire Portfolio of Australian Copper-Gold Projects from Newmont Corporation
Globenewswire· 2025-06-16 10:30
Core Viewpoint - Inflection Resources Ltd. has entered into a definitive agreement to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects from Newmont Corporation, which includes the Tennant East and Bell River projects, indicating a strategic expansion in high-potential mineral exploration [1][3][8]. Group 1: Project Details - The Bell River project, covering approximately 115 km², is located in New South Wales and is situated near significant mining operations, including Newmont's Cadia mine [5][8]. - The geological composition of the Bell River tenement includes calc-alkaline Mid-Ordovician Fairbridge Volcanics, which host advanced argillic alteration zones interpreted as relic porphyry-related lithocaps [6][10]. - The Tennant East project consists of twelve exploration licenses totaling around 4,200 km² in the Northern Territory, which are considered highly prospective for Iron Oxide Copper Gold (IOCG) targets [12][8]. Group 2: Exploration Potential - Inflection's systematic exploration strategy will leverage previous exploration data and geological interpretations to identify potential copper-gold mineralization at depth, particularly in areas with minimal prior drilling [10][19]. - The Bell River project is noted for its significant zones of advanced argillic alteration and outcropping lithocaps, which are indicative of preserved porphyry systems [9][10]. - The Tennant East project has shown promising early results from cursory exploration, including geochemical footprints consistent with IOCG mineralization [15][12]. Group 3: Agreement Terms - For the Bell River project, Inflection will issue 1,000,000 common shares to Newmont and make a one-time payment of AUD$2.5 million upon completion of a compliant Pre-Feasibility Study, along with a AUD$5 million payment upon the start of commercial production [20]. - The Tennant East project acquisition involves issuing 250,000 common shares and reimbursing Newmont for tenement renewal fees, with Newmont retaining a 1.5% net smelter return (NSR) royalty [21]. - The transactions are expected to close in several weeks, pending the transfer of exploration licenses and share issuance [22].
Parsons Grows U.S. Army Organic Industrial Base Modernization Portfolio with $169.5 Million Award
Globenewswire· 2025-06-16 10:25
Core Insights - Parsons Corporation has been awarded a $169.5 million contract by the U.S. Army Corps of Engineers for the design-build delivery of a new Ammonium Nitrate Solution Tank Farm at Holston Army Ammunition Plant, marking a significant new project for the company [1][2]. Company Overview - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure, with expertise in various sectors including cyber and intelligence, space and missile defense, and critical infrastructure protection [5]. Contract Details - The contract will enable the Holston Army Ammunition Plant to enhance its storage capabilities for Ammonium Nitrate Solution, which is a byproduct of explosives manufacturing, and will replace existing storage tanks to support expanded manufacturing operations [2][3]. - This contract is part of a broader multi-year, multi-billion-dollar initiative by the U.S. Army to modernize its organic industrial base, which includes upgrades to facilities and workforce capabilities [3]. Historical Context - This award represents Parsons' third contract from the USACE Norfolk District in four years, following previous contracts for an Explosive Decomposition Chamber facility in 2023 and a design-build contract for an Energetic Waste Incinerator in 2021 [3].
The Main Conference of the 17th Straits Forum Inaugurated in Xiamen, Fujian
Globenewswire· 2025-06-16 10:20
Group 1 - The 17th Straits Forum was held in Xiamen, Fujian, on June 15, 2025, aimed at strengthening exchanges between people on both sides of the Taiwan Strait since its inception in 2009 [1][4] - The forum featured 56 activities this year, continuing the theme of "expanding people-to-people bonds and deepening integrated development," with over 7,000 attendees from various sectors in Taiwan [2] - Fujian province is implementing multiple policies to become a "preferred destination" for Taiwanese businesses, including the establishment of a cross-strait integrated development demonstration zone and enhancing cooperation in the service industry [3]
Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Globenewswire· 2025-06-16 10:15
Core Insights - Eos Energy Enterprises, Inc. has successfully closed a $250 million offering of convertible senior notes due 2030, enhancing its financial flexibility to scale operations and meet global demand for long duration energy storage [1][2][3] - The company has strategically repurchased maturing debt and restructured its capital, resulting in approximately $400 million in savings over the terms of its debt [3][4] - Eos is expanding its manufacturing capabilities with a new state-of-the-art battery module manufacturing line expected to be operational in the first half of 2026, reflecting strong demand [7][8] Financial Position and Capital Structure - The recent capital raise was oversubscribed, indicating strong investor confidence in Eos' market potential and strategic plan [2] - Proceeds from the offerings were utilized to fully repurchase a $125.9 million convertible senior note due 2026, saving $8.3 million in interest [5] - The company reduced the interest rate on its Delayed Draw Term Loan (DDTL) from 15% to 7%, significantly lowering its cost of capital [5] Operational Momentum - Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments exceeding Q1, showcasing strong manufacturing execution [8] - Eos is implementing automation enhancements to improve production efficiency, including the installation of its first bi-polar sub-assembly [7][9] Technological Advancements - Eos is advancing its Z3 energy storage system, achieving round trip efficiency above 80% and exceeding 90% for some longer duration applications [10][12] - The company's inline cube design has demonstrated significant cost efficiencies, with a recent project showing a 96% reduction in installation costs [11] Strategic Partnerships and Market Position - Eos has partnered with PA Consulting Group to quantify the value of its technology, demonstrating potential for 30-50% higher revenues over the life of a project compared to incumbent technologies [12] - The company is well-positioned to meet the growing demands for energy storage solutions, contributing to grid reliability and resilience in the evolving energy landscape [13]
Tryg - Transactions in connection with share buyback programme
Globenewswire· 2025-06-16 10:00
Core Viewpoint - Tryg A/S has announced a share buyback program of up to DKK 2.0 billion, which will be executed in compliance with EU regulations and is set to conclude by 30 June 2025 [1]. Group 1: Share Buyback Program Details - The share buyback program will be conducted in accordance with EU Market Abuse Regulation and will be reported weekly through Nasdaq Copenhagen [2]. - As of the period from 10 June 2025 to 13 June 2025, Tryg has accumulated a total of 310,000 shares purchased under the program, with a total transaction value of DKK 51,352,697 [3]. - The total number of shares owned by Tryg after the transactions is 7,928,218, which represents 1.297% of the total share capital [4]. Group 2: Transaction Summary - Specific transactions during the period include: - 70,000 shares at an average price of DKK 167.19 on 10 June 2025 - 75,000 shares at an average price of DKK 166.08 on 11 June 2025 - 81,797 shares at an average price of DKK 164.99 on 12 June 2025 - 83,203 shares at an average price of DKK 164.63 on 13 June 2025 [3].
T1 Energy Advances $850 Million Planned 5 GW Solar Cell Plant
Globenewswire· 2025-06-16 10:00
Core Insights - T1 Energy Inc. has selected Yates Construction for preconstruction services for its $850 million G2_Austin 5 GW Solar Cell Facility, supported by U.S. tariffs and policies promoting advanced manufacturing [1][2] - The Milam County commissioners have approved a long-term tax abatement for T1 Energy, contingent on meeting employment and investment targets, with the facility expected to create up to 1,800 full-time jobs by the end of 2026 [2][6] - The G2_Austin project is part of T1's strategy to establish a domestic solar and battery supply chain, addressing the demand for U.S. solar cells and modules using TOPCon technology [3][4] Company Strategy - T1 Energy aims to build a reliable and low-cost energy supply chain in the U.S. through its solar and battery manufacturing facilities [3][8] - The G2_Austin facility will complement the existing G1_Dallas 5 GW Solar Module Facility, enhancing T1's capacity to meet customer demand [3][8] Economic Impact - The project is expected to invigorate the local economy by providing high-quality jobs and promoting sustainable growth in Milam County [6][4] - T1 Energy's initiatives align with the broader goal of enhancing American energy independence and manufacturing capabilities [4][8]
SKEL fjárfestingafélag hf.: Underwriting of subscription for new share capital in the Orkan and Samkaup group
Globenewswire· 2025-06-16 09:38
Group 1 - Orkan IS ehf. has fulfilled certain conditions for acquiring 51.3% of Samkaup from Kaupfélag Suðurnesja, with a nominal value of ISK 221,386,719 [1] - Orkan has signed agreements with other shareholders to acquire their shares, leading to ownership of approximately 96% of Samkaup, and subsequently over 98.5% after reaching an agreement with another shareholder [2] - An agreement has been made with Íslandsbanki for an underwriting commitment of at least ISK 2 billion to strengthen Samkaup's financial position, valid for 180 days [3] Group 2 - All conditions for Orkan's purchase agreements with Samkaup shareholders have been met, pending approval from the Competition Authority regarding merger regulations [4]