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Month: August 2020

Clean TeQ achieves formal completion of first DESALX® plant in Australia

Performance tests completed and handover to Fosterville Gold Mine finalisedDESALX® a key enabler of Zero-Liquid-Discharge for mine wastewaterSeveral pilot programs now underway in China to deploy ion exchange water treatment plantsMELBOURNE, Australia, Aug. 31, 2020 (GLOBE NEWSWIRE) — Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) announces the successful achievement of formal completion and handover of a ground-breaking Continuous Ion Exchange Desalination (DESALX®) plant at the Fosterville Gold Mine in Victoria, Australia owned by Kirkland Lake Gold Ltd. (TSX/NYSE: KL & ASX: KLA).Sam Riggall, Clean TeQ CEO, stated “After successfully demonstrating the world’s first ever commercial scale CIF® plant in Oman late last year, this is yet another moment of great significance for Clean TeQ.  Confirmation...

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Golden Sky Intersects 78 Meters of Gold Mineralization With Discovery Trench on Its Bull’s Eye Property and Prepares to Drill Hotspot, White Gold District, Yukon Territory

VANCOUVER, British Columbia, Aug. 31, 2020 (GLOBE NEWSWIRE) — Golden Sky Minerals Corp. (AUEN.V) (LCKYF.PK) is pleased to announce results from the 2020 surficial exploration program at its 100%-owned Bull’s Eye property in the Yukon’s White Gold District.The discovery trench, designed to test the Gold Crest zone, returned a value of 0.69 g/t gold (Au) over 78m with significant higher-grade intercepts. Results are shown in the following table:The 2020 phase 1 exploration program was primarily focused on the Gold Crest zone and involved the collection of 560 soil samples, 50 prospecting grab samples, and the completion of a 134-metre-long trench.Soil sampling has expanded the geochemical footprint of the Gold Crest zone to 500m x 200m (see attached map). The zone remains open along strike. Traditional soil sampling further along...

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Sky Solar Holdings, Ltd. Announces Latest Development in Cayman Islands Proceedings

HONG KONG, Aug. 31, 2020 (GLOBE NEWSWIRE) — Sky Solar Holdings, Ltd. (NASDAQ: SKYS) (“Sky Solar” or the “Company”), a global developer, owner and operator of solar parks, today announced that it was informed on August 28, 2020 that a winding up petition (the “Petition”) had been purportedly filed with the Grand Court of the Cayman Islands against the Company by Hudson Capital Solar Infrastructure GP, LP, in its capacity as general partner of Hudson Solar Cayman LP (“Hudson”).The Company has not yet been served with the Petition, and it considers that the Petition is procedurally defective, did not comply with the applicable practice direction and is an abuse of process. The alleged debt upon which it is based is disputed and is the subject of ongoing litigation in the Supreme Court of the State of New York (the “New York Court”)...

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Class 1 Nickel Commences work at Alexo-Dundonald to Upgrade and Increase Mineral Resources

Alexo and Dundonald Mineral Resource to be combinedA positive increase to tonnage and grade is therefore anticipatedIndustry experts P&E Mining Consultants Inc. have been engaged TORONTO, Aug. 31, 2020 (GLOBE NEWSWIRE) — Class 1 Nickel & Technologies Limited (“Class 1 Nickel” or the “Company”) (CSE: NICO), a Canadian company developing nickel-copper-cobalt sulphide Mineral Resources 45km northeast of Timmins, Ontario, is pleased to announce that work has commenced at the Alexo-Dundonald Nickel project in Timmins Ontario to upgrade the Dundonald South historic Mineral Resource to CIM defined classifications and combine it with the existing Alexo Mineral Resource.The Company has engaged mineral industry experts P&E Mining Consultants Inc. (P&E) to validate and classify the Dundonald Mineral Resource and combine...

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Spirit Airlines Announces Proposed Senior Secured Notes Offering by Newly Formed Brand and Loyalty Subsidiaries

MIRAMAR, Fla., Aug. 31, 2020 (GLOBE NEWSWIRE) — Spirit Airlines, Inc. (NYSE: SAVE)(“Spirit”) today announced that Spirit IP Cayman Ltd. (the “Brand IP Issuer”) and Spirit Loyalty Cayman Ltd. (the “Loyalty IP Issuer” and, together with the Brand IP Issuer, the “Issuers”), each a newly formed Cayman Islands exempted company incorporated with limited liability and an indirect wholly-owned subsidiary of Spirit, intend to commence a private offering to eligible purchasers of $600 million in aggregate principal amount of senior secured notes due 2025 (the “Notes”), subject to market and other conditions. The Notes will be guaranteed by Spirit and certain subsidiaries of Spirit. The Notes will be secured by, among other things, a first priority lien on the core assets of Spirit’s loyalty programs (comprised of cash proceeds from its Free...

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Gilat Reports Q2 2020 Results  

PETAH TIKVA, Israel, Aug. 31, 2020 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2020.Key Financial Highlights:Revenues for Q2 2020 totaled $38.3 million compared with $59.7 million for Q2 2019.Q2 2020 – GAAP operating loss was $3.5 million compared to operating income of $4.9 million in Q2 2019. Q2 2020 Non-GAAP operating loss was $2.6 million compared to Non-GAAP operating income of $6.3 in Q2 2019.Q2 2020 GAAP net loss was $4.2 million, or loss of $0.08 per diluted share, compared with net income of $3.4 million, or income of $0.06 per diluted share in Q2 2019. Q2 2020 non-GAAP net loss was $3.3 million, or $0.06 per diluted share, compared with net income...

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Delårsrapport for SKAKO A/S for 1. halvår 2020

Til NASDAQ OMX Copenhagen A/S                                                          GlobeNewswire                                                                                                                    Faaborg, den 31. august 2020                                                                                                                                                                                                          Selskabsmeddelelse nr. 10/2020                                                               Delårsrapport for SKAKO A/S for 1. halvår 2020SKAKO realiserer et stærkt resultat for 1. halvår af 2020I 1. halvår 2020 realiserede SKAKO et stærkt resultat af primær drift (EBIT) på 11,1 mio. kr., hvilket udgør en stigning på 97% i forhold til 1. halvår 2019, hvor et EBIT-resultat på 5,6 mio. kr. blev realiseret....

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VitalHub Corp. Announces Agreement to Acquire UK Company Transforming Systems Ltd.

TORONTO, Aug. 31, 2020 (GLOBE NEWSWIRE) — VitalHub Corp. (the “Company” or “VitalHub”) (TSXV: VHI) is pleased to announce today that on August 28, 2020 it entered into an agreement (the “Agreement”) to acquire all of the issued and outstanding shares (the “Acquisition”) of UK company Transforming Systems Ltd. (“Transforming Systems”).Total consideration to be paid by VitalHub is expected to be approximately £6,000,000 (the “Purchase Price”). The Purchase Price is composed of a £2,700,000 (the “Share Component”) issuance of common shares of VitalHub (“Common Shares”) and a cash payment (the “Cash Component”) which VitalHub estimates will be approximately £3,300,000.The Share Component shall be composed of that number (the “Shares”) of Common Shares equal to £2,700,000 multiplied by 1.7331, being the exchange rate between the Canadian...

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XPO Logistics Expands Gaming Features for Tour de France Mobile App

GREENWICH, Conn., Aug. 31, 2020 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (NYSE: XPO), the official transport partner of the Tour De France race, has released a new version of its XPO Moves the Tour game app as the cyclists take to the streets of France. The enhanced app, available at Google Play and iOS stores, allows players to compete around the globe.In Journey mode, XPO Moves the Tour simulates driving an XPO truck along the 21 stages of the Tour de France route. Players control their speed as they navigate through the course, earning stars each time equipment is delivered before the cyclists arrive. In the new Arcade mode, players compete for the high score by driving safely as far as possible, while changing lanes to pick up fuel canisters. Scores for completed runs can be uploaded to a global leaderboard.Mario Harik, chief...

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