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SAGA Metals Announces Non-Brokered Private Placement and Provides Corporate Update
Globenewswire· 2025-05-02 13:00
Financing Overview - SAGA Metals Corp. plans to complete a non-brokered private placement financing for total gross proceeds of C$2,500,000, consisting of 2,500,000 flow-through common share units at C$0.30 per unit and 7,000,000 hard dollar common share units at C$0.25 per unit [1][2] - The flow-through units will include one flow-through common share and one transferable common share purchase warrant, allowing the purchase of one common share at C$0.50 for 24 months from the closing date [2][3] - The hard dollar units will consist of one common share and one warrant with the same purchase terms as the flow-through units [3] Use of Proceeds - Proceeds from the flow-through units will be allocated to Canadian exploration expenses related to critical mineral mining expenditures on the company's properties in Labrador, particularly the Double Mer Uranium Project [6] - Net proceeds from the hard dollar units will be used for administrative and general working capital [6] Marketing and Consulting Agreements - The company has entered into a digital marketing services agreement with Machai Capital Inc. for a fee of C$200,000 over a 60-day term to enhance investor awareness and communication [9][11] - A consulting agreement with Simone Capital Corp. has also been established, providing various marketing services for a fee of C$10,000 per month over a 180-day term [13][14] Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals, with its flagship asset being the Double Mer Uranium Project in Labrador, covering 25,600 hectares [17] - The company also owns the Legacy Lithium Property in Quebec and has expanded its holdings through the Amirault Lithium Project, covering a total of 65,849 hectares [18] - Additional exploration assets in Labrador target titanium, vanadium, and iron ore, positioning the company strategically in the green energy transition [19]
CHAR Tech and the BMI Group Forge Strategic Partnership to Accelerate Renewable Energy Projects and Announce $2M Private Placement
Globenewswire· 2025-05-02 12:00
TORONTO, May 02, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is thrilled to announce CHAR Tech and The BMI Group, a leading industrial development company, intend to complete a non-brokered private placement for total gross proceeds of C$2,000,000 (the “Offering”) and that the two companies have signed a binding Letter of Intent (“LOI”) to establish the framework for a strategic partnership, including the acceleration o ...
First Atlantic Nickel Featured in Article Highlighting Hydrogen Potential of Newfoundland and Labrador Nickel Deposits
Globenewswire· 2025-05-01 10:30
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") a Canadian mineral exploration company focused on developing its 100%-owned Atlantic Nickel Project, a large-scale nickel project strategically located near existing infrastructure in central Newfoundland, Canada, is pleased to be featured in a recent article published by the Telegram, which explores the province’s emerging role in the global hyd ...
Clear Blue Technologies Announces Fiscal 2024 Results & Provides Corporate Update
Globenewswire· 2025-05-01 03:53
Core Viewpoint - Clear Blue Technologies International Inc. has successfully completed financial restructuring in Q4 2024, positioning the company for strong growth in 2025 [1][3]. Financial Results - Bookings increased to $5,071,105, a 105% increase compared to $2,469,846 as of December 31, 2023, with delivery expected over the next three years [5]. - TFQ revenue was $2,758,295, a 49% decrease from $5,403,589 in F2023 [5]. - TFQ recurring revenue was $759,261, a 2% increase from $747,148 in F2023 [5]. - TFQ Gross Profit decreased to $1,349,792, a 45% decrease compared to $2,471,345 in the comparable period, while gross margin percentage increased to 49% from 46% in F2023 [5]. - Non-IFRS Adjusted EBITDA for the period was ($2,960,457), a 51% degradation from ($1,959,397) in the previous period [5]. - Cash as of December 31, 2024, was $339,905 and remained stable through Q1 [5]. Corporate Update & Financial Outlook - The final quarter of 2024 was challenging due to uncertainty around contracted grant funding, prompting the company to implement significant measures to enhance its financial position [3]. - Cost reductions exceeded $3 million, excluding an additional $1 million in interest savings from a successful debt conversion initiative [6]. - The company expects a more balanced cash flow profile, enabling resource allocation toward core growth initiatives and operational execution [3]. Strategic Positioning - Clear Blue has established relationships with marquee customers globally, reducing dependence on U.S. customers [4]. - The company enters 2025 with strong momentum, reporting $5,866,625 in bookings, a 138% increase over 2024 [7]. - The company has announced three major agreements in the past six months, reinforcing its growth trajectory [7].
Why ConocoPhillips, Chevron, and Cheniere Energy Stocks All Dropped Today
The Motley Fool· 2025-04-30 16:54
Economic Overview - The U.S. GDP declined at an annualized rate of 0.3% in Q1 2025, disappointing economists who had forecasted a growth of 0.4% [1] - Concerns about a slowdown in the economy are negatively impacting oil and gas stocks, with WTI crude oil prices down 1.4% to approximately $59.50 per barrel and Brent crude also down 1.4% to about $63.30 [2] Stock Performance - ConocoPhillips stock decreased by 2% and Chevron by 2.2%, while Cheniere Energy experienced a more significant drop of 3.6% [3] - The U.S. Energy Information Administration reported a decrease in crude inventories by 2.7 million barrels, which contrasts with a previous report indicating an increase [4] Market Dynamics - The conflicting reports on crude supply are leading investors to focus on the GDP report, assuming that a shrinking economy will reduce oil demand and weaken future prices [5] - Wolfe Research downgraded Cheniere Energy to "peer perform," citing concerns over increased competition in the LNG market, which is contributing to its stock's poor performance [6] Investment Insights - The oil and gas industry is cyclical, characterized by cycles of undersupply and oversupply, necessitating a long-term investment perspective [7] - Among the stocks analyzed, Chevron appears to be the most attractive option, with a total return ratio of just over 1.0, a 4.9% dividend yield, and an expected growth rate of nearly 8% annually over the next five years [8][9] - ConocoPhillips has a lower P/E ratio than Chevron but offers a lower dividend yield of 3.4% and a growth rate of 6% [9] - Cheniere Energy is deemed unattractive, with a high P/E ratio of nearly 17, a low dividend yield of 0.8%, and expected earnings to decline over the next three years [9][10]
研发投入合计超7600亿元、超七成民企盈利……深市2024年年报交卷,来看十大亮点
Zheng Quan Shi Bao· 2025-04-30 15:47
来看关键信息: 深市2024年年报交卷! 1.总体业绩稳中有进,2024年深市上市公司合计实现营业收入20.82万亿元,合计实现净利润8064.47亿元,1585家公司收入增长,占比55.30%; 2.实体经济"基本盘"稳固,相关上市公司平均营业收入69.49亿元,平均净利润2.82亿元,32家公司营业收入实现翻倍式增长; 3.主板战略支柱产业凸显创新蓝筹底色,32家公司营业收入超过千亿元; 4.创业板战略新兴产业彰显"优创新、高成长"特色,36.31%的创业板公司连续两年实现收入正增长; 5.龙头公司有效发挥"压舱石"作用,深市千亿市值公司超30家,合计资产占深市33.77%; 8.国企改革成效显著,深市国企实现营业收入8.04万亿元,较首轮国企改革三年方案前增长37.79%; 9.民营经济活力释放,深市1586家民营公司实现盈利,占比72.69%; 10."双提升"行动走深走实,2024年度2443家深市上市公司累计分红5753亿元,分红家数和规模均创新高。 总体业绩稳中有进 从整体来看,深市上市公司合计实现营业收入20.82万亿元,"十四五"规划以来复合增长率达到8.55%;合计实现净利润8064.47 ...
INNEOVA Holdings Limited Strengthens Engineering Capabilities and Accelerates Growth in Sustainable Solutions with the Acquisition of INNEOVA Engineering Pte. Ltd.
Globenewswire· 2025-04-30 12:00
SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- INNEOVA Holdings Limited (Nasdaq: INEO, "INNEOVA Holdings" or the "Company" or the "Group"), a leading Singapore-based provider of high-quality Original Equipment Manufacturer ("OEM"), third-party branded and in-house branded replacement parts for motor vehicles and non-vehicle combustion engines, today announced that it has completed the acquisition of INNEOVA Engineering Pte. Ltd. ("INNEOVA Engineering"), a Singapore-based engineering solutions provider. This ...
DT Midstream Reports Strong First Quarter 2025 Results
Globenewswire· 2025-04-30 11:30
Core Points - DT Midstream, Inc. reported a net income of $108 million, or $1.06 per diluted share, for the first quarter of 2025, with Operating Earnings also at $108 million and Adjusted EBITDA at $280 million [1][2][25] - The company declared a dividend of $0.82 per share, payable on July 15, 2025, to stockholders of record by June 16, 2025 [2] - The integration of new interstate pipelines has progressed well, contributing to a strong start for the year [2][7] Financial Performance - For the first quarter of 2025, the net income attributable to DT Midstream was $108 million, compared to $73 million in the same period of 2024 [25][30] - Adjusted EBITDA increased to $280 million in Q1 2025 from $235 million in Q1 2024 [25][30] - The company reported a Distributable Cash Flow (DCF) of $250 million for Q1 2025, significantly higher than $133 million in Q1 2024 [30] Business Updates - The company has successfully integrated new interstate pipelines into its financial system and commenced construction activities for a new power plant lateral [7] - DT Midstream is advancing on a project backlog valued at approximately $2.3 billion [7] - The company is committed to achieving net zero greenhouse gas emissions by 2050, with a target of 30% reduction in carbon emissions by 2030 [4] Operational Metrics - The company’s Adjusted EBITDA is calculated by adding back interest expense, income tax expense, depreciation and amortization, and other adjustments to net income [6][9] - The reconciliation of net income to Adjusted EBITDA for Q1 2025 shows a significant contribution from equity method investees, with $73 million included in the calculation [25][27]
Municipality Finance issues a EUR 100 million tap under its MTN programme
Globenewswire· 2025-04-30 07:00
Group 1 - Municipality Finance Plc issued a new tranche of EUR 100 million under its MTN programme, increasing the total benchmark amount to EUR 1.350 billion, with a maturity date of 14 December 2029 and a fixed interest rate of 2.625% per annum [1][2] - The new tranche is part of MuniFin's EUR 50 billion programme for the issuance of debt instruments, with relevant documents available on the company's website [2] - The new tranche is expected to commence public trading on the Helsinki Stock Exchange on 2 May 2025, with Danske Bank A/S acting as the Dealer for this issuance [3] Group 2 - MuniFin is one of Finland's largest credit institutions, with a balance sheet exceeding EUR 53 billion, and its owners include Finnish municipalities, the public sector pension fund Keva, and the State of Finland [3] - The company focuses on environmentally and socially responsible investments, serving customers such as municipalities, joint municipal authorities, and non-profit organizations, funding projects like public transportation and sustainable buildings [4] - MuniFin operates in a global business environment and is recognized as the first Finnish issuer of green and social bonds, with funding guaranteed by the Municipal Guarantee Board [5]
Algoma Steel Group Reports Financial Results for the First Quarter 2025
Globenewswire· 2025-04-29 21:30
Core Insights - Algoma Steel Group Inc. reported a consolidated revenue of $517.1 million for Q1 2025, down from $620.6 million in the same quarter of the previous year, reflecting ongoing market challenges and lower pricing in the steel market [6][5][8] - The company experienced a net loss of $24.5 million in Q1 2025, compared to a net income of $28.0 million in Q1 2024, primarily due to lower realized pricing and higher input costs, partially offset by a $50 million insurance receivable [8][9][6] - Algoma is advancing its transition to Electric Arc Furnace (EAF) steelmaking, with first steel production expected in Q2 2025, which is anticipated to improve cost structure and reduce carbon emissions by approximately 70% [11][13][29] Financial Performance - Revenue for Q1 2025 was $517.1 million, a decrease of 16.6% from $620.6 million in Q1 2024 [6][8] - Steel revenue was $463.2 million, down from $568.1 million year-over-year, with the average realized price of steel dropping to $986 per ton from $1,260 per ton [6][9] - The company reported an Adjusted EBITDA loss of $46.7 million, resulting in an Adjusted EBITDA margin of (9.0%), compared to an Adjusted EBITDA of $41.5 million and a margin of 6.7% in the prior-year quarter [9][35] Operational Highlights - Shipments increased by 4.2% to 469,731 tons in Q1 2025, compared to 450,966 tons in Q1 2024 [9][6] - The company incurred tariff-related costs of $10.5 million during the quarter, contributing to operational losses [7][17] - Construction on the EAF project is progressing, with critical systems commissioned despite delays caused by harsh winter conditions [11][5] Market Environment - The North American steel market is experiencing significant volatility due to evolving U.S. tariffs, which have added uncertainty and increased imports into Canada [5][16] - The Canadian steel market is facing oversupply issues, leading to lower transactional pricing compared to the U.S. market [16][17] - The company is positioned to become a strategic force in the North American steel industry, focusing on safety, sustainability, and the production of green steel [5][29][28] Liquidity and Dividends - As of March 31, 2025, the company had cash of $226.5 million and unused availability under its Revolving Credit Facility of $360.9 million [18] - A quarterly dividend of US$0.05 per share has been declared, payable on May 30, 2025 [19]