Magna Mining to Initiate a Pre-Feasibility Study on the Crean Hill Nickel-Copper-Precious Metals Project in Sudbury, Ontario
Globenewswire· 2025-12-16 11:45
Core Viewpoint - Magna Mining Inc. has engaged Technica Mining Inc. to conduct a pre-feasibility study on its 100% owned Crean Hill Project, which is expected to enhance the project's economic assessment and support the company's vision of becoming a multi-mine producer in the Sudbury Basin [1][2]. Project Overview - The Crean Hill Project is located in Sudbury, Ontario, Canada, and has shown a promising combination of base and precious metals [1][2]. - The pre-feasibility study (PFS) will build on the Preliminary Economic Assessment (PEA) completed in 2024, which indicated a potential mine life of 13 years and modest pre-production capital costs [2][6]. Financial Highlights - The 2024 PEA highlighted a low pre-production capital cost of CAD 27.7 million, with projected Advanced Exploration (AdEx) capital costs of CAD 48.5 million and revenues of CAD 16.4 million [6]. - The after-tax Net Present Value (NPV) at an 8% discount rate is CAD 194.1 million, with an Internal Rate of Return (IRR) of 129% based on conservative metal prices [6]. Mining Operations - The PEA envisions an underground mining operation with an average production rate of 2,200 tonnes per day and an average Life of Mine (LOM) operating cost of CAD 158 per tonne [6]. - The project is expected to yield 195.5 million pounds of nickel, 169.5 million pounds of copper, 313,000 ounces of platinum, 359,000 ounces of palladium, and 117,000 ounces of gold over its lifespan [6]. Resource Estimates - The Crean Hill Mineral Resource Inventory, effective April 15, 2024, includes significant contact nickel-copper zones and lesser amounts of footwall copper-nickel-precious metals [5][8]. - The indicated resource is 18,444,000 tonnes with grades of 0.87% Cu and 1.01% Ni, while the inferred resource is 989,000 tonnes with grades of 0.53% Cu and 0.70% Ni [8]. Future Plans - The PFS is set to commence in January 2026 and is expected to be completed by Q3 2026, incorporating results from a 20,000 tonne bulk sample program conducted in late 2024 [2][6]. - Engineering advancements for a connection to grid power and a permanent dewatering system are ongoing, which will benefit the project's economic evaluation [2].
Scorpio Tankers Inc. Announces Agreements to sell Two LR2 Product Tankers and to Purchase Two LR2 Newbuilding Product Tankers
Globenewswire· 2025-12-16 11:45
Core Viewpoint - Scorpio Tankers Inc. has announced agreements to sell two 2016-built LR2 product tankers and to purchase two scrubber-fitted LR2 newbuilding product tankers, indicating a strategic shift in its fleet management [1]. Vessel Sales - The company has entered into agreements to sell the LR2 product tankers, STI Goal and STI Gallantry, for $52.3 million each, with expected closure in the first quarter of 2026 [2]. - STI Gallantry is financed through a 2021 Ocean Yield Lease Financing arrangement, with an outstanding lease obligation of $23.4 million to be repaid by the end of 2025 [2]. - STI Goal is financed through a 2023 $1.0 billion Credit Facility, with an outstanding debt balance of $13.8 million [2]. - Both vessels are due for a 10-year special survey and drydock in the second quarter of 2026, which will be the buyer's responsibility [2]. Newbuilding Vessel Purchases - The company has agreements to purchase two scrubber-fitted LR2 newbuilding product tankers for $70.8 million each, with construction taking place at Dalian Shipbuilding Industry Co., Ltd. in China and deliveries expected in the third quarter of 2027 [3]. Company Overview - Scorpio Tankers Inc. provides marine transportation of petroleum products globally, owning or leasing 93 product tankers, including 37 LR2 tankers, 42 MR tankers, and 14 Handymax tankers, with an average age of 9.8 years [4]. - The company has agreements to sell three LR2 product tankers, all expected to close in the first quarter of 2026 [4]. - Additionally, the company has agreements for four MR newbuildings under construction with deliveries expected in 2026 and 2027, two VLCC newbuildings with deliveries expected in the second half of 2028, and two LR2 newbuildings with deliveries expected in the third quarter of 2027 [4].
Zelluna Publishes Compelling Preclinical Data for ZI-MA4-1, the World's First MAGE-A4-Targeting TCR-NK Therapy for Solid Tumours
Globenewswire· 2025-12-16 11:37
Core Viewpoint - Zelluna has published strong preclinical data for its lead candidate ZI-MA4-1, supporting the initiation of clinical trials planned for 2026 [1][3]. Group 1: Product Overview - ZI-MA4-1 is a novel cell therapy that combines T cell receptors (TCRs) for precise targeting of solid tumors with the broad cancer-killing ability of Natural Killer (NK) cells [2][7]. - The therapy specifically targets MAGE-A4, a protein present in various solid cancers, including lung, ovarian, head and neck cancers, and sarcomas [2][7]. Group 2: Key Results - ZI-MA4-1 is manufactured in advance and stored frozen, allowing for on-demand patient administration, which facilitates multiple doses to sustain tumor response and broad patient access [2][9]. - The therapy has demonstrated effectiveness in killing cancer cells across multiple tumor types and remains active despite common escape mechanisms employed by tumors [5][12]. Group 3: Clinical Development Plans - Zelluna plans to submit its Clinical Trial Application (CTA) in late 2025, with the first patient data expected by mid-2026 [3][10]. - The company is well-positioned to start clinical trials in 2026, having completed preclinical data and locked the manufacturing process [3][10]. Group 4: Company Background - Zelluna is pioneering allogeneic off-the-shelf TCR-NK cell therapies for solid cancers, aiming to address the limitations of current cell therapies [4][11]. - The company is headquartered at the Oslo Cancer Cluster Innovation Park in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker ZLNA [4][11].
Premier Development & Investment, Inc. Confirms Material Acquisitions in Further Lithium and Uranium Exploration Properties
Globenewswire· 2025-12-16 11:30
Core Viewpoint - Premier Development & Investment, Inc. has made significant expansions in its Lithium and Uranium exploration interests, particularly in Nevada, and is enhancing its shareholder engagement efforts after a long hiatus since 2021 [1][2]. Group 1: Company Developments - The company has expanded its Lithium and Uranium exploration interests in Nevada, acquiring "Hombre" (480 acres) and "Stonewall Flat" (1,245 acres), in addition to its existing "Silverpeak" property, totaling approximately 3,800 acres [2][3]. - All exploration properties are now 100% owned and controlled by the company, following amendments to existing agreements that removed minority interests and "Earn In" agreements [2]. - The company is outsourcing all exploration activities to a Nevada-based geological company under the guidance of a consulting geologist [2]. Group 2: Financial Restructuring - Holders of existing PIK Notes totaling $2 million and Convertible Loan Notes totaling $6 million have disposed of these to an investment group, converting them into interest-free and unsecured long-term liabilities [2]. - The company aims to achieve approximately $5 million in cash during Q1 through renegotiated financing arrangements, which will be managed by a specialist trading firm [2]. Group 3: Shareholder Engagement - The company is appointing an Investor Relations firm to enhance shareholder engagement and has engaged a social media company to establish its presence on major platforms [2]. - A comprehensive website is being developed to serve as a "one-stop shop" for investors, with daily updates planned [2]. Group 4: Ownership and Investments - Premier holds a 31% stake in GNCC Capital, Inc., a gold and silver exploration company, which is set to increase to 49% this month [2][3]. - The company has been the sole funder of GNCC and is exploring options for GNCC in light of the current strength in gold and silver markets [2].
Newcore Gold Drilling Intersects 3.16 g/t Gold over 3.0 Metres from 62 Metres and 0.78 g/t Gold over 16.0 Metres from 16 Metres, at the Enchi Gold Project, Ghana
Globenewswire· 2025-12-16 11:28
Core Viewpoint - Newcore Gold Ltd. has reported positive drill results from its ongoing 45,000-metre drill program at the Enchi Gold Project in Ghana, indicating strong continuity of gold mineralization and potential for resource expansion at the Boin Gold Deposit [1][4][10]. Drilling Results - The recent drilling at the Boin Gold Deposit included multiple intersections of near-surface gold mineralization, with notable results such as hole KBRC370 intersecting 3.16 grams per tonne gold over 3.0 metres and hole KBRC368 intersecting 0.78 g/t Au over 16.0 metres, including a higher-grade interval of 8.17 g/t Au over 1.0 metre [1][5][6]. - A total of 6 reverse circulation (RC) holes were reported, totaling 550 metres, with all holes intersecting gold mineralization, and approximately 98.7% of the 237 holes drilled in the ongoing program have intersected gold [4][6][10]. Drill Program Phases - The drill program is in its second phase, focusing on resource growth and infill drilling to convert Inferred Resources to Indicated, with the first phase completed and results being prepared for a Pre-Feasibility Study expected in early 2026 [3][4][10]. - The second phase will also include diamond drilling to target higher-grade potential at depth, with initial results anticipated in early 2026 [4][10]. Resource Estimates - The Boin Gold Deposit has an Indicated Mineral Resource of 13.0 million tonnes grading 0.62 g/t Au, containing 258,200 ounces, and an Inferred Mineral Resource of 15.9 million tonnes grading 0.68 g/t Au, containing 349,600 ounces [12][16]. - The overall Enchi Gold Project hosts an Indicated Mineral Resource of 41.7 million tonnes grading 0.55 g/t Au, containing 743,500 ounces, and an Inferred Mineral Resource of 46.6 million tonnes grading 0.65 g/t Au, containing 972,000 ounces [16]. Development Activities - In addition to drilling, the company is conducting various development activities in support of the Pre-Feasibility Study, including metallurgical testwork, hydrogeological testing, geotechnical work, and environmental assessments [11][19].
Demands of AI supercycle spur cross-industry consensus to evolve US and European network infrastructure - new study
Globenewswire· 2025-12-16 11:20
Core Insights - A significant majority of technology and business leaders in the U.S. and Europe recognize the need for substantial evolution and investment in network infrastructure to meet the demands of the AI supercycle [1][9] - The research indicates a collective understanding that next-generation network capabilities are essential for supporting complex AI workloads, presenting an opportunity for industry and government collaboration [2][4] U.S. Insights - In the U.S., 88% of respondents are concerned that network infrastructure expansion may not keep pace with AI investment, highlighting the need for bi-directional data flow optimization and low-latency edge infrastructure [7][9] - The report titled "Infrastructure First Is the New America First" emphasizes the urgency of modernizing network architecture to facilitate the next phase of AI growth [8] European Insights - In Europe, 86% of enterprise respondents believe current networks are inadequate for widespread AI adoption, with many already facing challenges related to downtime and latency [10][11] - The findings suggest a need for regulatory simplification and alignment across markets, timely spectrum availability, and investment in energy-efficient, AI-ready networks to address these challenges [11]
FactSet Meets Demand for AI-Ready Data, First to Announce MCP Sans Intermediary
Globenewswire· 2025-12-16 11:05
Core Insights - FactSet has launched the industry's first production-grade model context protocol (MCP) server, providing real-time access to financial intelligence for AI systems without intermediaries [1][2][3] - The MCP server allows direct interaction with curated financial datasets, facilitating the integration of authoritative market intelligence into AI workflows [2][3] - Initial client feedback indicates the transformative potential of the MCP server, with plans for an aggressive roadmap to enhance AI-driven innovation in the financial sector [3][4] Company Overview - FactSet is a global financial digital platform and enterprise solutions provider, serving approximately 9,000 global clients and over 237,000 individual users [6] - The company integrates proprietary financial data, client datasets, and third-party sources to deliver tailored solutions across various sectors, including buy-side, sell-side, and private equity [6] - With over 47 years of expertise and a presence in 19 countries, FactSet leverages advanced data connectivity and AI tools to enhance decision-making and productivity [6] Product Features - The MCP server provides seamless access to nine key datasets, including fundamentals, consensus estimates, ownership information, and global M&A intelligence [4][7] - Unlike demo MCP servers, FactSet's solution offers direct, governed, production access to financial intelligence, specifically designed for AI systems [4] - The MCP server is positioned to add value for CTOs, CIOs, and innovation leaders in building enterprise AI strategies [3]
McEwen Secures Key Permit for El Gallo Mine; Mill Construction to Begin Mid-2026 - First Gold Pour Mid-2027
Globenewswire· 2025-12-16 11:00
TORONTO, Dec. 16, 2025 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) is pleased to announce that the extension of its Environmental Impact Assessment (Manifestación de Impacto Ambiental) for the El Gallo Mine has been granted by the Mexican government. This approval is a critical step that will allow McEwen to begin Phase 1 Mill Construction. The Company is targeting mid-2026 for construction start, and mid-2027 for its first gold pour. McEwen has purchased the ball mill, which ...
KBR's Methanol Technology Selected by Fikrat Al-Tadweer for the First Biomethanol Plant in Saudi Arabia
Globenewswire· 2025-12-16 11:00
HOUSTON, Dec. 16, 2025 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that it has been awarded a contract for its PureMSM green methanol technology by Fikrat Al-Tadweer for a pioneering biomethanol plant in Saudi Arabia for transforming landfill-gas into clean fuels. KBR’s PureM solution is designed for commercial-scale deployment with a low cost of renewable methanol production. The technology can utilize a wide range of feedstocks, including biogas, gasification-derived syngas, hydrogen, and pure CO₂ ...
WEBUY GLOBAL LTD. Continues Indonesia Expansion with Opening of New Surabaya Travel Retail Outlet
Globenewswire· 2025-12-16 11:00
Singapore, Dec. 16, 2025 (GLOBE NEWSWIRE) -- WEBUY GLOBAL LTD. (Nasdaq: WBUY) today announced the opening of a new travel retail outlet in Surabaya, Indonesia. The outlet held its grand opening on November 28, 2026 and represents an expansion of the Company’s successful Indonesia travel retail footprint following the rollout of its Jakarta travel retail operations. The Surabaya outlet is based on the Company’s existing retail-led travel model implemented in Jakarta and is intended to support localized custo ...