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Rio Tinto strengthens support for organisations responding to gender-based violence across Canada
Businesswire· 2025-11-25 14:00
Core Viewpoint - Rio Tinto is reaffirming its commitment to combat gender-based violence in Canada by providing financial support to local organizations that assist affected individuals and communities [1][3]. Financial Contributions - This year, Rio Tinto is contributing $400,000 to support 15 organizations that deliver essential services to those affected by gender-based violence [2]. - Since 2020, the company has provided a total of $2.335 million in funding for this initiative in Canada [3]. Partnerships and Supported Organizations - Rio Tinto is partnering with 15 organizations across Canada, including SOS violence conjugale, to provide shelter, counseling, education, and training [5]. - The organizations supported include various centers in Quebec, British Columbia, Newfoundland and Labrador, and Northwest Territories [5]. Corporate Responsibility and Employee Support - The company emphasizes the importance of safety and support for its employees, offering resources such as additional paid leave, emergency accommodation, and financial support for those experiencing gender-based violence [4]. - Employees also receive training to assist colleagues in need of support [4]. Leadership Statements - Jérôme Pécresse, Chief Executive of Rio Tinto Aluminium & Lithium, highlighted the company's responsibility to ensure safety for both employees and surrounding communities [3]. - Jocelyne Jolin, Executive Director of SOS violence conjugale, noted that Rio Tinto's support helps modernize tools for victim safety and sends a strong message about corporate commitment to addressing intimate partner violence [4].
Gold Reserve Provides Update on CRA Audit
Businesswire· 2025-11-24 12:30
Core Viewpoint - Gold Reserve Ltd. has announced the completion of the Canada Revenue Agency (CRA) audit of its international transactions, resulting in no net adjustments to its Canadian tax filings for the years under review [1] Tax Audit Update - The CRA audit covered the taxation years 2014, 2016, 2017, and 2018, which included a proposed reassessment related to the September 2014 arbitral award and payments made under the settlement agreement with Venezuela [1] - The completion of the audit means that the CRA examinations of the Company's Canadian tax filings for the years under review are concluded, and no further reassessments are proposed [1]
TomaGold Announces Closing of the First Tranche of Its Private Placement
Businesswire· 2025-11-21 22:19
Core Points - TomaGold Corporation has successfully closed the first tranche of its non-brokered private placement, raising total proceeds of $1,105,000 through the issuance of 19,300,000 flow-through shares at $0.05 each and 3,500,000 units at $0.04 each [1][3] - The proceeds from the sale of units will primarily be used for general corporate working capital, while the gross proceeds from flow-through shares will be allocated to eligible Canadian exploration expenses [3] - An insider purchased 750,000 units for $30,000, which is considered a related party transaction but is exempt from certain formal requirements due to the market capitalization conditions [4] Financial Details - The first tranche includes 19,300,000 common shares and 3,500,000 units, with each unit consisting of one common share and one-half of a share purchase warrant, exercisable at $0.08 for 24 months [1] - TomaGold paid $56,000 in cash finder's fees and issued 1,120,000 finder's compensation warrants, each allowing the purchase of one share at $0.08 for 24 months [2] Regulatory and Compliance - All securities issued are subject to a statutory hold period of 4 months and a day from issuance [3] - The closing of the private placement is pending final approval from the TSX Venture Exchange [5] Company Overview - TomaGold Corp. is a Canadian junior mining company focused on acquiring, exploring, and developing precious and base metal projects, primarily in Quebec and Ontario [8] - The company's key assets include the Obalski gold-copper-silver project and options to acquire 12 additional properties in the Chibougamau Mining Camp [8]
Mineros Announces Management and Board of Directors Changes to Support Next Phase of Growth
Businesswire· 2025-11-19 00:36
Core Points - The company announced a series of management and board changes to strengthen its leadership and support the next phase of growth [1][3] - Daniel Henao has been appointed as President and CEO, bringing extensive experience in the precious metals value chain [2][3] - The company is committed to maintaining stability and delivering value to stakeholders during this transition [3] Management Changes - Daniel Henao replaces David Londoño as President and CEO, effective immediately [2] - David Splett will step down as CFO effective January 2, 2026, with Sergio Chavarria serving as Interim CFO [4] - Three new appointments have been made to strengthen technical and growth leadership: María Vallejo García as VP of Growth and Business Development, Carlos David Ríos Restrepo as VP of Exploration, and Marcela Castillo as VP of Sustainability [5] Board Changes - Andres Restrepo and Marco Izquierdo Llanos have resigned as directors, effective November 18, 2025 [6] - The company expressed gratitude for the service of departing leaders and welcomed new appointees [7] Company Overview - Mineros S.A. is a Latin American gold mining company headquartered in Medellín, Colombia, with a diversified asset base and a focus on safety and sustainability [7][8]
Cemex US Appoints Will Price as Senior Vice President of Mergers & Acquisitions
Businesswire· 2025-11-18 16:15
Core Insights - Cemex US has appointed Will Price as Senior Vice President of Mergers & Acquisitions to lead strategic growth initiatives through targeted acquisitions and divestitures [1][2][3] Company Overview - Cemex is a global building materials company with a network in the U.S. that includes 8 cement plants, nearly 50 cement terminals, about 50 aggregate quarries, and over 280 ready-mix concrete plants [5] - The company has been recognized for its sustainability efforts, earning the U.S. EPA ENERGY STAR® Partner of the Year award consecutively since 2019 [5] Leadership and Experience - Will Price has over a decade of experience in strategy and business development, previously serving as Vice President of Corporate Development and Integration at a leading manufacturer of exterior building products, where he managed transactions totaling over $3 billion in enterprise value [2][3] - Price holds a Bachelor of Science in Aerospace Engineering and an MBA in Corporate Finance [3] Strategic Focus - Price emphasized the importance of identifying opportunities that align with Cemex's long-term strategy and deliver value to customers, employees, and communities [4]
Rio Tinto to reduce production at Yarwun Alumina Refinery to extend operational life
Businesswire· 2025-11-17 21:52
Core Viewpoint - Rio Tinto will reduce production at the Yarwun Alumina Refinery by 40% starting October 2026 to extend its operational life until 2035 and explore further modernization options [1][2][3] Production and Capacity - The reduction in production will lead to a decrease of approximately 1.2 million tonnes of alumina annually [5] - The Yarwun tailings facility is expected to reach capacity by 2031 at current production rates, making this curtailment necessary for future exploration [2] Economic and Employment Impact - The decision will affect around 180 roles at the refinery, with plans for redeployment across Rio Tinto sites in Gladstone [4] - The company emphasizes its commitment to alumina and aluminium operations in Gladstone, aiming to manage the transition effectively [4] Operational Continuity - Despite the production cut, there will be no impact on customer requirements or other operations, as bauxite mines and aluminium smelters will continue to operate at full capacity [5] - Yarwun currently employs about 725 people and produces around 3 million tonnes of alumina per year, which is used as feedstock for Rio Tinto's aluminium smelters and international customers [6] Environmental Initiatives - Rio Tinto is prioritizing innovative tailings solutions and decarbonisation technologies, including the Hydrogen Calcination Project supported by Australian Renewable Energy Agency funding [6]
Gold Reserve Announces Appointment of New Chair of the Board
Businesswire· 2025-11-17 21:25
Core Viewpoint - Gold Reserve Ltd. has appointed Michael Johnston as the new Chair of the Board, succeeding Robert Cohen, effective immediately. This change aims to advance the company's strategic objectives with Johnston's extensive experience [1][2]. Group 1: Leadership Change - Michael Johnston, a long-standing member of the Board, has been appointed as the new Chair, bringing significant entrepreneurial and strategic decision-making experience [2]. - The appointment was approved during a regularly scheduled Board meeting on November 13, 2025 [1]. - CEO Paul Rivett expressed confidence in Johnston's leadership and knowledge of the business, highlighting his suitability for guiding the Board [2]. Group 2: Acknowledgment of Previous Leadership - The company expressed gratitude to Robert Cohen for his years of service and leadership as Chair and director [2].
Gold Reserve Provides Update on Legal Proceedings in Delaware
Businesswire· 2025-11-14 00:04
Core Viewpoint - Gold Reserve Ltd. is currently engaged in legal proceedings concerning the Citgo sale process, with recent court rulings impacting its position and strategy [2][3]. Legal Proceedings Update - The U.S. District Court for the District of Delaware denied Gold Reserve's motion to disqualify the Special Master and his advisors overseeing the Citgo Sale Process, as well as a similar motion from the Venezuela Parties [2]. - The court indicated it would not rule on the Amber Energy bid until November 21, 2025 [2]. Company’s Position - Gold Reserve disagrees with the court's ruling, citing significant conflicts of interest in the sale process, including $170 million in fees collected by the Special Master's advisors from Elliott and 2020 bondholders [3]. - The company plans to seek appellate remedies to address these concerns regarding the fairness and integrity of the Citgo sale process [3]. Related Legal Actions - In a separate case against Rusoro Mining Ltd. for breach of a Consortium Agreement, the Delaware Court of Chancery declined to expedite Gold Reserve's motion for a preliminary injunction, opting to wait for developments in the Citgo sale process [4].
Lomiko Metals Announces Closing of Flow-Through Financing
Businesswire· 2025-11-13 23:05
Core Points - Lomiko Metals Inc. has successfully closed a non-brokered private placement for approximately $800,000 through the issuance of 6,666,666 flow-through common shares at a price of $0.12 per share [1][3] - The proceeds from this financing will be allocated towards strategic initiatives, including resource exploration expenses related to the La Loutre project and the Yellow Fox property [3][4] - The company has reported a significant increase in mineral resources at the La Loutre project, with an updated estimate showing 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase from previous estimates [6] Financing Details - The company paid cash finder's fees of $45,600 and issued 380,000 Finder's Warrants, allowing the purchase of common shares at $0.24 for two years [2] - All securities issued are subject to a hold period expiring four months and one day from their issuance date [2] Project Information - The La Loutre project is located in southern Quebec and consists of 76 mineral claims covering 4,528 hectares [4] - The Yellow Fox property is an early-stage exploration site located in Newfoundland, with historical samples showing significant grades of gold, antimony, and silver [10] - Lomiko also holds interests in seven early-stage projects in southern Quebec, covering a total of 18,622 hectares [7][8]
Compass Minerals Announces Conference Call to Discuss Fiscal Fourth-Quarter and Full-Year 2025 Results
Businesswire· 2025-11-13 21:15
Core Viewpoint - Compass Minerals will release its fiscal fourth-quarter and full-year 2025 results on December 8, 2025, with a conference call scheduled for December 9, 2025, at 9 a.m. ET to discuss these results [1][2]. Company Overview - Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals, focusing on delivering products that address nature's challenges for customers and communities [3]. - The company's salt products are utilized for winter road safety and various consumer, industrial, chemical, and agricultural applications [3]. - Compass Minerals operates 12 production and packaging facilities with over 1,800 employees across the U.S., Canada, and the U.K. [3].