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Carbon Done Right Provides Board of Directors Update
Globenewswire· 2025-07-08 21:27
Core Viewpoint - Carbon Done Right Developments Inc. is enhancing its board of directors to strengthen its focus on expanding carbon projects beyond its current nature-based solutions and tropical geographies [1] Group 1: Board Appointments - Yang Zhou has been appointed to the board, bringing over 18 years of experience in finance, ESG, and carbon markets [2] - The company is in the process of recruiting a second board member to further bolster its governance [1] Group 2: Board Changes - Neil Passmore and Abayomi Akinjide will step down from the board to concentrate on their corporate roles in the UK, with Passmore remaining as a consultant for operations in South America [3] Group 3: Company Overview - Carbon Done Right is a provider of high-quality carbon credits from afforestation and reforestation projects, aiming to meet the growing demand for carbon credits from companies pursuing Net Zero goals [4] - The company invests in the restoration and management of ecosystems to enhance greenhouse gas sequestration and has a robust pipeline of carbon credit projects [4]
Range Impact Announces Expansion of Investment in its Fola Mine Complex with Acquisition of Two Mining Permits and Two Coal Leases
Globenewswire· 2025-07-02 22:00
Core Insights - Range Impact, Inc. has acquired two additional mining permits and two coal leases at the Fola Mine Complex in West Virginia, enhancing its portfolio in the distressed coal mining sector [1][2][3] - The company has a reclamation obligation estimated at $10.4 million associated with the newly acquired permits, which is part of its strategy to reclaim and repurpose coal mine sites [2] - The CEO of Range Impact expressed satisfaction with the progress made in reducing permit responsibilities and acquiring new leases that are expected to generate royalty income for funding reclamation efforts [4] Company Overview - Range Impact, Inc. is focused on acquiring, reclaiming, and repurposing distressed coal mines in Appalachia, aiming to create long-term solutions for environmental and social challenges [5] - The company operates with an impact investing approach, seeking to generate positive outcomes for communities while delivering strong returns for shareholders [5]
Enhanced Capital Announces Release of 2024 Community Impact Report
Prnewswire· 2025-06-25 12:05
Core Insights - Enhanced Capital released its 2024 Community Impact Report, showcasing its achievements in Project Finance and Small Business Lending [1][3] - The firm has raised a total of $6.5 billion since inception, with $4.3 billion in impact assets supporting over 1,000 projects across 40 states, Washington DC, and Puerto Rico [5] - In 2024, Enhanced Capital supported over 3,300 jobs and installed 219 megawatts of clean energy capacity [7] Company Focus Areas - Enhanced Capital focuses on three Impact Themes: Underserved Communities, Environmental Sustainability, and Community Development Programs [2][6] - 85% of investments in 2024 and 79% since inception were directed towards low-income, rural, or underserved communities [7] Leadership Perspective - Michael Korengold, President and CEO, emphasized the firm's commitment to innovative financing solutions for the lower middle market and aligning private capital with public initiatives [2]
Range Impact Reports 1Q 2025 Financial Results
Globenewswire· 2025-05-15 20:10
Core Insights - Range Impact, Inc. has reported its first quarter results for 2025, highlighting a significant acquisition that marks a transformative moment for the company and its shareholders [3]. Financial and Operational Highlights - The company acquired approximately 120,000 acres of real property interests associated with the Fola Mine Complex in West Virginia, recording an additional land value of $51.6 million, which includes $8.5 million of appraised land value and $43.1 million of capitalized asset retirement costs [6]. - Range Impact acquired 15 mining permits and assumed responsibility for an additional 21 mining permits at the Fola Mine Complex, with an estimated asset retirement obligation of approximately $43.1 million [6]. - The company assumed two coal royalty agreements that will provide monthly royalty payments, intended to fund part of the reclamation and repurposing expenses for the Fola Mine Complex [6]. - Range Impact acquired the landlord's interest in a 1,500-acre solar lease with a large multi-national solar developer, which could become one of the largest solar projects in Appalachia if constructed as proposed [6]. - The company streamlined operations by transitioning to a variable-cost operating model for land reclamation and water restoration [6]. - Stockholders' equity increased from $834,405 to $6,538,522 as of March 31, 2025, primarily due to a bargain purchase gain of $5,602,484 associated with the Fola Mine Complex acquisition [6].
AlTi (ALTI) - 2025 Q1 - Earnings Call Presentation
2025-05-12 20:12
Company Overview - AlTi Global manages or advises on approximately $76 billion in combined assets[4] - The company boasts a client retention rate of 96% since 2020[11] - The company's revenue stream is highly recurring, with approximately 83% of total revenues being recurring[11, 67] - The company has a global presence, with 19 offices across the globe[11] Market and Growth Opportunities - The High Net Worth (HNW) and Ultra High Net Worth (UHNW) investable financial wealth market is estimated at $102 trillion and is expected to grow at a ~7% Compound Annual Growth Rate (CAGR) to 2028[17] - The company's AUM/AUA represents approximately 0.07% of the $102 trillion HNW/UHNW market[17] - The global demand for alternatives is increasing, with an estimated $30 trillion market by the end of 2030[22] Financial Performance (Q1 2025) - The company's revenue was $58 million, up 14% compared to Q1 2024[67, 68] - Wealth Management and Capital Solutions (WM & CS) revenues were $57 million, up 23% year-over-year[67] - The company's AUM/AUA increased 7% year-over-year to $76 billion[67, 68]