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Max Resource Secures Rights to Acquire 100% of the Mora Gold-Silver Title Adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in Colombia
Newsfile· 2025-08-19 13:30
Max Resource Secures Rights to Acquire 100% of the Mora Gold-Silver Title Adjacent to the Marmato Gold Mine and the Apollo Gold Discovery in ColombiaAugust 19, 2025 9:30 AM EDT | Source: MAX Resource Corp.Vancouver, British Columbia--(Newsfile Corp. - August 19, 2025) - MAX RESOURCE CORP. (TSXV: MAX) (OTC Pink: MXROF) (FSE: M1D2) ("Max" or the "Company") is pleased to report that the Company's wholly-owned Colombian subsidiary, Maximum Company Colombia S.A.S. ("Maximum"), has entered into an a ...
Uniserve Executes LOI to Expand Operations in Ontario
Thenewswire· 2025-08-19 13:30
Core Viewpoint - Uniserve Communications Corporation has entered into a Letter of Intent to acquire an Ontario-based Managed Service Provider, enhancing its service offerings and expanding its operations in eastern Canada [1][2]. Group 1: Acquisition Details - The acquisition is expected to bring approximately CAD $5.5 million in top-line sales and an expected EBITDA of CAD $1.5 million, providing a solid platform for scaling operations in Ontario [2]. - The total purchase price for the transaction is expected to be CAD $6,500,000, with payments structured as follows: CAD $2,500,000 in cash, CAD $2,000,000 in common shares at no less than CAD $0.60 per share, and CAD $2,000,000 via a 50% convertible note [3]. - The convertible note will have varying conversion prices over three years, starting at CAD $0.75 per share in the first year [3]. Group 2: Transaction Conditions - The transaction is subject to the execution of a definitive agreement within 30 days, further due diligence, and approvals from the Company's Board of Directors and the TSX Venture Exchange [4]. - The Company will not assume any long-term debt of the MSP, and the MSP and its shareholders are arm's length to the Company [3]. Group 3: Company Overview - Uniserve provides IT solutions and technology services across Canada, focusing on Data Centre Solutions, Managed IT Services, and Business Internet [5]. - The Company aims to support Canadian businesses in their digital transformations by enhancing its bandwidth and infrastructure capabilities [2].
Permex Petroleum Corporation Announces Strategic Relationship with 360 Energy to Collaborate on In-Field Computing Infrastructure to Develop Hydrocarbons and Cryptocurrency
Newsfile· 2025-08-19 13:29
Core Viewpoint - Permex Petroleum Corporation has entered into a non-binding Letter of Intent with 360 Energy to explore the deployment of In-Field Computing technology for bitcoin mining powered by natural gas, aiming to enhance the economics of natural gas monetization and reduce methane emissions [1][2][3]. Company Overview - Permex Petroleum Corporation is an oil and gas exploration and production company with assets in the Permian Basin, focusing on low-cost development and sustainable growth [5]. - The company operates in Texas and New Mexico and aims to integrate disruptive technologies into its operations [5]. Collaboration Details - The collaboration with 360 Energy will focus on identifying sites for deploying IFC technology, which converts natural gas into electricity for on-site data centers, potentially increasing returns from natural gas that would otherwise be flared or sold at lower prices [2][3]. - The IFC technology is designed to operate off-grid, requiring no existing gas, electric, or network infrastructure, thus allowing for localized utilization of natural gas [2][6]. Economic Impact - The deployment of IFC units could capture natural gas realizations upwards of $10 per Mcf, while also addressing stranded and flared gas issues [3]. - This partnership is seen as a way for Permex to move beyond traditional monetization models and enhance asset value through innovative technology [3]. Strategic Direction - Permex plans to incorporate IFC technology into its asset evaluation and capital allocation strategies, positioning itself at the forefront of innovation in the energy sector [3]. - The collaboration reflects a broader strategy to rethink how oil and gas assets are valued and developed in a changing energy landscape [3].
U.S. accuses India of profiteering from Russian oil
CNBC· 2025-08-19 13:25
Core Viewpoint - The U.S. Treasury Secretary has accused India of profiting from discounted Russian oil imports during the Ukraine war, labeling the practice as "arbitrage" and unacceptable [1]. Group 1: India's Oil Imports - India's imports of Russian oil have significantly increased since the full-scale invasion of Ukraine in February 2022, with India now being Russia's largest customer [2]. - In July, India imported 1.5 million barrels per day (bpd) of Russian oil, according to data from Kpler [2]. - Prior to the invasion, India's imports of Russian crude were minimal [2]. Group 2: Reselling Practices - India is refining the discounted Russian oil into gasoline and diesel and reselling these products to regions that have imposed sanctions on Russia, such as Europe [1]. - This practice has been characterized as "Indian arbitrage" by the U.S. Treasury Secretary, who claims it involves buying cheap Russian oil and reselling it at a profit [1].
Norsemont Launches New Website and Updated Investor Deck
Thenewswire· 2025-08-19 13:15
Vancouver, British Columbia – TheNewswire - August 19th, 2025 – Norsemont Mining Inc. (CSE: NOM, OTCQB: NRRSF, FWB: LXZ1) (“NOM” or the “Company”) is pleased to announce the launch of a redesigned corporate website and the release of an updated corporate presentation. These enhancements follow the successful completion of the Company’s recent private placement, which received strong support from several new strategic investors, including Rob McEwen, Dr. Quinton Hennigh.The new website features improved nav ...
Fitzroy Minerals Reports Multiple Step-Out Copper Intercepts at Buen Retiro, Chile
Thenewswire· 2025-08-19 13:15
Vancouver, British Columbia – TheNewswire - August 19, 2025 – Fitzroy Minerals Inc. (TSXV: FTZ, OTCQB: FTZFF) (“Fitzroy” or the “Company”) is pleased to provide an exploration update from its ongoing 8,000 metre (“m”) Phase 2 drilling program at the Buen Retiro Copper Project, Copiapó, Chile (“Buen Retiro” or the “Project”). Today’s release reports assay results from diamond drill holes 211, and 23 to 27 which are all located in the Southwest Area of the Project. Copper mineralization was intersected in al ...
Workday and DailyPay Form Strategic Partnership to Bring On-Demand Pay to Millions of Workers
Prnewswire· 2025-08-19 13:03
Core Insights - DailyPay has been named Workday's Strategic Partner for On-Demand Pay in the U.S. and Canada, enabling real-time access to earned wages for employees [1][5] - The integration of DailyPay's solution with Workday Human Capital Management and Payroll since 2023 enhances the employee experience by allowing access to earnings on their own schedule [2] - The partnership aims to alleviate financial stress for employees, particularly frontline and hourly workers, who often live paycheck-to-paycheck, with over half of U.S. workers reporting this situation [3][4] Company Overview - Workday is an AI platform that manages people, money, and agents, serving over 11,000 organizations globally, including more than 60% of the Fortune 500 [6] - DailyPay is a leader in On-Demand Pay, providing instant access to earned wages and financial wellness solutions, aimed at enhancing employee financial health [8]
Kyowa Kirin Premiers New CTCL Staging Tool for Healthcare Providers
GlobeNewswire News Room· 2025-08-19 13:01
Company Overview - Kyowa Kirin, Inc. is a wholly owned subsidiary of Kyowa Kirin Co. Ltd, focused on developing solutions for rare diseases, particularly in oncology [1][5] - The company has over 70 years of experience in drug discovery and biotechnology innovation, aiming to deliver novel medicines and treatments with life-changing value [7] Industry Context - Cutaneous T-cell lymphoma (CTCL) is a rare form of blood cancer that primarily affects the skin, with Mycosis Fungoides (MF) and Sézary Syndrome (SS) being the most common subtypes [2][6] - Diagnosis of CTCL can be challenging, often taking patients 2-7 years to receive an accurate diagnosis, which can lead to worse prognoses [2][5] Product Launch - Kyowa Kirin has launched a new staging tool for healthcare providers to assist in the accurate staging of patients with MF and SS, available on PROBEinCTCL.com [1][5] - The tool simplifies the staging process by using up to 20 Yes/No questions and real clinical case imagery, guiding users through the TNMB system [3][4] Clinical Relevance - The staging tool is designed to enhance clinical judgment by translating complex guidelines into a practical assessment, thereby supporting more consistent and informed care [2][3] - The tool is based on established guidelines from the National Comprehensive Cancer Network and recommendations from various oncology organizations [4]
Will Opendoor Stock's Rally Continue?
Forbes· 2025-08-19 13:00
Core Viewpoint - Opendoor Technologies has experienced a significant stock rally, driven by retail trading momentum and meme stock status, despite underlying fundamental challenges [1][3]. Group 1: Stock Performance - Opendoor's stock rose 19% in a single trading day and is up nearly 60% over the past five trading sessions [1]. - The stock remains down almost 90% from its SPAC-era peaks but has more than doubled year-to-date [1]. - Short interest stands at approximately 23% of outstanding shares, contributing to price volatility during trading activity [1]. Group 2: Company Developments - The announcement of the CEO stepping down was positively received by investors, although the reasons for this change are unclear [1]. - The company's second-quarter results exceeded expectations, with revenue of $63 million and EBITDA of $6 million [1]. Group 3: Financial Fundamentals - Opendoor's Price-to-Sales multiple is 0.5x, significantly lower than the S&P 500's 3.2x, but this may be misleading due to revenue recognition practices [3]. - The company has experienced an average annual revenue decline of 24% over the past three years, although it rebounded by 14% in the last 12 months to $5.2 billion [3]. - Operating income for the last 12 months was negative $204 million, reflecting a -3.9% margin [3]. - Opendoor carries $2.2 billion in debt, leading to a Debt-to-Equity Ratio of 79.2%, but has $789 million in cash as a buffer [3].
ZK International Wins $3.88 Million Bid for China Gas Stainless Steel Pipe Project, Ushering in New Era of Healthy Drinking Water
Prnewswire· 2025-08-19 13:00
Company Overview - ZK International Group Co., Ltd. is a leading engineering company in China focused on high-performance steel products, particularly in the piping industry [3] - The company has a strong portfolio with 28 patents, 21 trademarks, and multiple awards in technical achievements and national standards [3] Recent Developments - Zhenkang Industrial, a subsidiary of ZK International, won a bid for a centralized procurement project for thin-walled stainless steel pipes valued at RMB 27.54 million (approximately USD $3.88 million) [1] - The project involves supplying over 1.43 million meters of 304-grade thin-walled stainless steel pipes and fittings for public health drinking water projects [1] Industry Position - Zhenkang Industrial is recognized as a benchmark enterprise in China's new-era piping industry, contributing to national standards for direct drinking water pipelines and smart water management [2] - The company emphasizes a development philosophy centered on health, safety, and environmental protection, reinforcing its leadership in the premium stainless steel piping sector [2] Market Opportunities - ZK International aims to capitalize on the Chinese Government's $850 billion commitment to improve water quality, addressing the issue that 70% of water is unfit for human contact [4]