Sonim Technologies Special Committee Determines Latest Orbic Proposal to be Inferior to Social Mobile Transaction Amidst Ongoing Strategic ReviewOrbic proposal remains conditional, uncertain, and unlikely to maximize value for Sonim stockholdersJuly 02, 2025 4:17 PM EDT | Source: Sonim Technologies, Inc.San Diego, California--(Newsfile Corp. - July 2, 2025) - Sonim Technologies (NASDAQ: SONM) today announced that its Special Committee of the Board of Directors (the "Special Committee") has con ...

Group 1 - Terra Metals Inc. announced the appointment of Dr. Tariq Abbasi and Mr. Mark Donohue as part of its strategic preparations for a significant $100 million joint venture agreement with Metalex Commodities, set to be signed in Lusaka [1][2] - Dr. Abbasi brings extensive public service experience and global influence, aligning with Terra Metals' commitment to principled governance and international credibility [1][2] - Mr. Donohue, a recent MBA graduate, represents a new generation of leadership and will oversee operations, ESG integration, and value creation as the company expands its business [2][3] Group 2 - The joint venture, named Lunda Resources, is expected to produce critical copper and cobalt concentrates for the global electric vehicle and clean energy industries, creating 500 to 1,000 jobs in its first phase [2][3] - The signing ceremony will take place at the American Center in Lusaka, supported by the U.S. Embassy, the Zambian Ministry of Mines, and traditional leaders from the Northwestern Province [3] - Terra Metals is positioning itself as a key player in the critical mineral supply chain, operating from the U.S. while focusing on African markets [3]

Core Viewpoint - Aja Health and Wellness Inc. is nearing the completion of its annual audited financial statements for the year ending December 31, 2024, following a delay caused by the need for a valuation related to a reverse takeover transaction [2][3]. Group 1: Financial Filing Updates - The Alberta Securities Commission issued a management cease trade order (MCTO) on May 6, 2025, due to Aja's inability to file the Required Annual Filings by the April 30, 2025 deadline [2][4]. - Aja has retained a valuator to complete the necessary valuation for the financial statements, which is expected to be completed by July 4, 2025, with the Required Annual Filings anticipated to be submitted by July 31, 2025 [3]. - The MCTO will remain in effect until two full business days after the Required Annual Filings are filed, restricting trading by executive officers but allowing regular trading by other investors [4]. Group 2: Interim Financial Statements - Due to the delay in filing the Required Annual Filings, Aja was also unable to file its unaudited interim financial statements for the three months ended March 31, 2025, by the May 30, 2025 deadline [6]. - Aja is working to complete the Interim Filings and expects to file them concurrently with the Required Annual Filings [6].

Core Viewpoint - Jo-Jo Capital Canada Ltd. has entered into a non-binding letter of intent with Placements Appalache Limitée to pursue a business combination transaction, which is expected to result in PAL shareholders holding a majority of Jo-Jo's voting securities [1][2]. Company Overview - Jo-Jo Capital Canada Ltd. is a capital pool company focused on identifying and evaluating qualifying transactions under the policies of the TSX Venture Exchange [13]. - Placements Appalache Limitée has over 50 years of experience in the Canadian silica mining industry and holds exclusive mining rights to high-purity quartz deposits in Baie-Johan-Beetz, Quebec [3][12]. Transaction Details - The transaction will be structured as a reverse takeover, with PAL shareholders exchanging their securities for those of Jo-Jo [5]. - The transaction is anticipated to be completed through an amalgamation, plan of arrangement, or share exchange, subject to regulatory approvals [5][8]. - A private placement financing by PAL is expected to raise between C$3,000,000 and C$6,000,000 prior to or concurrent with the closing of the transaction [5]. Mining Rights and Resources - PAL's high-purity silica deposit spans 54.22 hectares and is located less than 800 meters from the main road, with additional unexplored claims of 383.24 hectares [3]. - High-purity silica is designated as a critical mineral in Canada and is essential for various advanced technologies, including solar panels and semiconductors [4]. Regulatory and Approval Process - Completion of the transaction is subject to conditions including Exchange acceptance, shareholder approval, and satisfactory due diligence investigations [8][10]. - Jo-Jo is required to maintain a minimum bank account balance of $100,000 at closing and may need to retain a sponsor for the transaction [10]. Future Structure - Following the transaction, the board of directors of the resulting issuer will initially consist of three to five directors appointed by PAL [10].