Core Viewpoint - Galantas Gold Corporation has entered into a binding term sheet with Ocean Partners UK Limited for a joint venture on the high-grade Omagh Gold Project, which includes a significant investment and restructuring of ownership interests [1][3][4]. Investment and Financial Structure - Ocean Partners will invest an initial US$3 million (GBP £2.2 million) for exploration and restart plans, with an option for an additional US$5 million (GBP £3.7 million) after the initial term [2]. - Ocean Partners will exchange approximately US$14 million (GBP £10.3 million) in existing loans for an 80% interest in Flintridge Resources Limited and Omagh Minerals Ltd, while Galantas retains a 20% interest in both [1][2]. - Following the transaction, Galantas will have the option to convert its 20% ownership in Flintridge into a 3.00% net smelter return royalty [6]. Operational Plans - The joint venture will focus on exploration and restarting production at the Omagh Project, with plans to commence a drill program targeting high-grade zones [3][5]. - Upon closing the transaction, Galantas will also advance exploration at the Gairloch high-grade gold and copper VMS project in Scotland [3]. Corporate Governance and Shareholder Approval - The proposed transaction constitutes a fundamental change in business and requires shareholder approval, with a meeting scheduled for August 5, 2025 [4][17]. - Ocean Partners will operate the project, and the board of Flintridge will consist of four representatives from Ocean Partners and one from Galantas [5]. Financial Performance and Asset Management - The total losses attributable to Flintridge and Omagh Minerals for the year ended December 31, 2023, were £3,516,576, with total assets valued at £17,321,724 [18]. - Following the transaction, the assets of Flintridge and Omagh Minerals will no longer be consolidated in Galantas' accounts [18].

Core Viewpoint - Amaroq Minerals Ltd. has entered into a non-binding agreement with JLE Group Ltd to establish a joint venture named Suliaq A/S, aimed at providing essential services and supplies to Greenland's mining sector [1][4]. Investment Details - JLE will initially invest £4.0 million (approximately C$7.46 million) for a 10% equity stake in Suliaq, with Amaroq retaining 90% ownership [2]. - JLE has the option to increase its total investment to £12.0 million through additional tranches of £4.0 million, which would proportionally increase its equity stake in Suliaq [2]. Operational Focus - Suliaq will focus on mining services, maritime logistics, infrastructure, consumables, and supporting exploration activities [5]. - The initial investment will be primarily allocated for acquiring assets such as heliportable drill rigs, a helicopter, utility vehicles, an icebreaker, a barge, tugboat, and various mining and non-mining equipment [5]. Governance Structure - Suliaq will operate as a standalone commercial enterprise with its own board of directors and governance framework, ensuring transparency and independence in decision-making [5]. Strategic Importance - The joint venture is positioned to capitalize on the increasing exploration spending in Greenland's mining, energy, and infrastructure sectors, thereby creating substantial value for shareholders and the local community [4].

Core Insights - Lennox and Ariston Group have formed a joint venture to launch a new line of residential water heaters in the U.S. and Canada, combining Lennox's distribution strength with Ariston's advanced technology [1][4][5] Company Overview - Lennox is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation in HVACR systems [7] - Ariston Group is a global leader in sustainable climate and water comfort, with 2024 revenues of €2.6 billion, over 10,000 employees, and a presence in 40 countries [8] Joint Venture Details - The joint venture, named Ariston Lennox Water Heating North America, will be operational after customary closing conditions are met, with Ariston USA owning 50.1% and Lennox owning 49.9% [6] - The partnership aims to enhance market presence and drive innovation in the North American residential water heater market [4][5] Strategic Goals - The joint venture aligns with Lennox's strategy for accelerated growth by expanding product offerings in the residential market and strengthening customer relationships [5] - Ariston Group views the North American market as a strategic priority for profitable growth, having entered the region in 2016 through acquisitions [6]

DRILL HOLE HIGHLIGHTS VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the "Company" or "Entrée") is pleased to provide analytical results for one surface diamond drill hole ("DDH") and six underground DDHs completed during 2022 and 2024 at the Hugo North Extension ("HNE") deposit on the Entrée/Oyu Tolgoi Joint Venture property (the "Entrée/Oyu Tolgoi JV Property") in Mongolia. Analytical results are also provided for two DDHs from the 2024 regional ...

Core Points - Trilogy Metals Inc. held its Annual Meeting of Shareholders on May 13, 2025, in Vancouver, where all proposals were approved and nominees were elected as directors [1][2] - A total of 122,296,116 shares, representing 74.50% of the issued and outstanding shares eligible to vote, were represented at the meeting [1] Proposal Summaries - **Proposal 1: Election of Directors** - Tony Giardini received 99,486,993 votes (99.63% for) - James Gowans received 99,046,528 votes (99.19% for) - William Hayden received 99,277,655 votes (99.42% for) - William Hensley received 99,285,059 votes (99.43% for) - Gregory Lang received 94,042,296 votes (94.18% for) - Janice Stairs received 99,432,506 votes (99.58% for) - Diana Walters received 99,436,555 votes (99.58% for) [3] - **Proposal 2: Appointment of the Auditor** - 122,110,200 votes (99.85% for) were cast in favor of the appointment, with 183,915 votes (0.15% withheld) [4] - **Proposal 3: Approval of Restricted Share Unit Plan** - 97,738,217 votes (97.88% for) were in favor, with 1,734,107 votes (1.74% against) and 380,383 votes (0.38% abstaining) [5] - **Proposal 4: Approval of Deferred Share Unit Plan** - 97,718,577 votes (97.86% for) were in favor, with 1,749,193 votes (1.75% against) and 384,936 votes (0.39% abstaining) [6] - **Proposal 5: Approval of Executive Compensation** - 98,002,630 votes (98.15% for) were in favor, with 1,439,181 votes (1.44% against) and 410,896 votes (0.41% abstaining) [7] Company Overview - Trilogy Metals Inc. is a metal exploration and development company with a 50% interest in Ambler Metals LLC, which holds a 100% interest in the Upper Kobuk Mineral Projects in Northwestern Alaska [8] - The Upper Kobuk Mineral Projects are located in the Ambler Mining District, known for its rich copper-dominant deposits, including world-class polymetallic volcanogenic massive sulphide deposits [9] - The company aims to develop the Ambler Mining District into a premier North American copper producer while respecting local subsistence livelihoods [9]

Summary of Darling Ingredients Inc. Conference Call Company and Industry - **Company**: Darling Ingredients Inc. - **Industry**: Collagen and Gelatin Production, Health and Wellness Sector Key Points and Arguments 1. **Joint Venture Announcement**: Darling Ingredients announced a nonbinding term sheet with the Centrelo Group to form a new joint venture called NexTita, with Darling holding an 85% stake and Centrelo holding 15% [4][5][21] 2. **Revenue Expectations**: The new company is projected to generate annual revenue of approximately $1.5 billion, with significant growth potential and attractive margins [5][21] 3. **Production Capacity**: NexTita will have gelatin and collagen production capacity of around 200,000 metric tons annually across 23 facilities in nine countries [5][6] 4. **Market Position**: The joint venture aims to create a leading company in the collagen-based health, wellness, and nutrition market, which is still in its early stages of development [6][7] 5. **Focus on Innovation**: Darling Ingredients has nearly a dozen product concepts in development, emphasizing science and innovation in the health and wellness sector [7][8] 6. **Financial Strategy**: The merger is designed to optimize shareholder value without leveraging debt, potentially leading to deleveraging [9][21] 7. **Market Dynamics**: The food segment's contribution to margins and growth potential has not been fully recognized, and the merger aims to highlight this value [8][9] 8. **Supply Chain Management**: The combined entity will enhance supply chain management capabilities, which is crucial for maintaining consistent margins [13][14] 9. **Future Growth**: The joint venture is expected to diversify the portfolio and enhance growth in hydrolyzed collagen, which has seen significant demand [39][41] 10. **Regulatory Considerations**: The joint venture will undergo regulatory approvals, and the companies believe they will not dominate the market share significantly [58][59] Additional Important Content 1. **Market Size**: The global collagen market is estimated to be between $60 billion, with the joint venture representing a minor player in this space [59][60] 2. **Capital Allocation**: There are no expected significant changes in capital allocation for the joint venture, as both companies have maintained their assets well [41][61] 3. **Potential IPO**: There is a possibility of taking the joint venture public in the future, depending on market conditions and growth [24][62] 4. **Raw Material Sourcing**: The joint venture will benefit from diversified sourcing of raw materials, reducing risks associated with supply chain bottlenecks [68][71] 5. **Strategic Relationships**: The merger will leverage existing relationships and technologies from both companies to enhance market reach and product development [66][67] This summary encapsulates the key discussions and insights from the Darling Ingredients Inc. conference call, focusing on the formation of the joint venture and its implications for the company and the industry.

Financial Data and Key Metrics Changes - Revenue for Q1 was $599 million, representing a total company growth of 10% on a constant currency basis or 8% reported, aided by the end of the national shortage in IV Solutions [6][7] - Adjusted EBITDA increased by 26% to $99 million compared to $79 million last year [14] - Adjusted diluted earnings per share for the quarter was $1.72 compared to $0.96 last year [14] - Adjusted gross margin for the quarter was 37%, in line with expectations [13] Business Segment Data and Key Metrics Changes - Consumables business grew 10% constant currency and 9% reported, driven by new global customer implementations and price improvements [9] - IV Systems business grew 8% constant currency and 6% reported, supported by good dedicated set utilization and earlier-than-expected hardware installations [10] - Vital Care segment grew 11% constant currency and 10% reported, with IV Solutions being the largest component of segment growth [11] Market Data and Key Metrics Changes - The broader demand and utilization environment in Q1 remained attractive across almost every geography, although not at the levels seen last year [8] - The capital environment is status quo, with necessary investments being completed [8] Company Strategy and Development Direction - The company is focused on consistent execution combined with meaningful innovation to refresh its portfolio, particularly in its pump businesses [22] - The formation of a joint venture with Otsuka Pharmaceutical Factory is expected to enhance product offerings and access to technology [12] - The company aims to ensure all activities continue to move forward in concert with increasing revenues, focusing on optimizing its manufacturing network and driving profitability [32] Management's Comments on Operating Environment and Future Outlook - Management anticipates direct tariff expenses in FY 2025 to be in the range of $25 million to $30 million, with most recognized in the latter half of the year [18] - The weakening of the U.S. dollar is expected to offset almost half of the direct tariff expense [19] - Management remains optimistic about maintaining the low end of the guidance range for adjusted EBITDA and gross margin despite tariff impacts [50][51] Other Important Information - The company has been actively working on quality remediation and compliance, particularly regarding its MedFusion and CAD product families [24][26] - The company is committed to ensuring safety and compliance, which has involved significant investments in quality system and product-related remediation activities [15][26] Q&A Session Summary Question: Can you elaborate on the growth drivers in consumables? - Management noted that oncology growth has returned strongly, and products supporting renal and home infusion markets have also seen acceleration [36] Question: Is the growth in consumables primarily driven by price? - Management clarified that the growth is largely due to a lower Q1 last year and continued strength from the previous year [38] Question: Are you seeing more contribution from Duo in Infusion Systems? - Management indicated that there have been very few Duo installations to date, with expectations for more in the second half of the year [39] Question: Can you clarify the tariff impact? - Management emphasized that the $25 million to $30 million figure should not be annualized and highlighted the significant impact from tariffs on Costa Rica [41][42] Question: What is the outlook for guidance amidst tariff and currency impacts? - Management confirmed the goal to hold at least the low end of the guidance range, acknowledging the challenges posed by tariffs and currency fluctuations [50][51]

Core Viewpoint - Entrée Resources Ltd. has filed its interim financial results for Q1 2025, highlighting significant developments in its joint venture with Oyu Tolgoi LLC and ongoing operational updates related to the Oyu Tolgoi project in Mongolia [1][16]. Q1 2025 Highlights - The operating loss for Q1 2025 was $0.6 million, a decrease from $1.1 million in Q1 2024, attributed to higher legal costs in 2024 [7]. - As of March 31, 2025, the cash balance was $5.8 million, and the working capital balance was $5.9 million [17]. Arbitration and Joint Venture Agreement - A partial final award was made on December 19, 2024, in favor of Entrée Resources in its arbitration against Oyu Tolgoi LLC and Turquoise Hill Resources Ltd., dismissing the respondents' counterclaims [4]. - The Entrée/Oyu Tolgoi Joint Venture Agreement (JVA) was formally executed on February 3, 2025, with an effective date of June 30, 2008, and includes the assignment of an 80% or 70% beneficial interest in the Shivee West Property to OTLLC [4][10]. - The JVA requires OTLLC to hold title to the mining licenses on behalf of the joint venture participants [4]. Oyu Tolgoi Project Updates - Oyu Tolgoi achieved record copper production in March 2025, aligning with the Lift 1 underground mine ramp-up plan, and is projected to become the world's fourth-largest copper mine by 2030 [6]. - The project is on track for a greater than 50% year-on-year increase in production, with significant growth expected in the second half of the year [9]. Development Work and Drilling Programs - First underground development work on the Entrée/Oyu Tolgoi JV Property commenced in October 2024, with 95 equivalent meters of lateral development completed by March 31, 2025 [4][8]. - The 2024 drilling program included 5,031.6 meters of surface drilling and 6,566.88 meters of underground drilling, supporting the Lift 2 Panel 1 Pre-Feasibility Study [8]. - For 2025, an in-fill diamond drilling program of approximately 8,329 meters on the Shivee Tolgoi mining license has been approved [8]. Future Outlook and Strategy - The primary objective is to fully implement the arbitration award and transfer the licenses to OTLLC to maximize operational efficiencies and minimize delays in development work [10][11]. - The conversion of the Entrée/Oyu Tolgoi JVA into a more effective agreement is being pursued, which would include a mechanism for sharing up to 34% of economic benefits with the State [13][14].