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Day: August 26, 2021

SalMar delivers satisfactory for the second quarter and positions itself for further growth along the entire value chain

Highlights in the second quarter:Solid craftsmanship and good biological performance gave strong results in both farming in Fish Farming Central Norway and Northern Norway in the quarter Negative contribution from fixed-price contracts and higher costs relating to the completion and startup of InnovaNor and the expansion at Vikenco weakened results from Sales and Processing Total operational EBIT for the period (including Icelandic Salmon) totalled NOK 661 million or NOK 18.05 per kg. Operational EBIT for Norway alone came to NOK 633 million or NOK 18.44 per kg The upgrade at Vikenco has been completed while InnovaNor is close to completion and is expected to go into operation in the fourth quarter 2021 Good operational performance and increased price achievement improved Icelandic Salmon’s results SalMar maintains its expectations to...

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Major Precious Metals Provides an Update on Its Skaergaard Drilling Program

Figure 1Plan view showing main target areas being tested during the Phase 1 diamond drilling program by Major Precious Metals at SkaergaardVANCOUVER, British Columbia, Aug. 26, 2021 (GLOBE NEWSWIRE) — Major Precious Metals Corp. (“Major Precious Metals” or the “Company”) (CSE:SIZE | OTC:SIZYF | FRANKFURT:3EZ) is pleased to provide an update on its Phase I diamond drilling program at its Skaergaard Project (“Skaergaard”) in eastern Greenland. Drilling commenced in July and has prioritized the northern part of the Skaergaard deposit including several areas being drilled to determine the open-cut potential at Skaergaard. Historically, these priority areas were never drilled at Skaergaard due to the focus being on defining a resource in the southern part of the deposit. Successful completion of these drill holes within...

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Refractories Market worth USD 32.81 billion by 2028, registering a CAGR of 4.79% – Report by Market Research Future (MRFR)

New York, Aug. 26, 2021 (GLOBE NEWSWIRE) — Refractories Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Refractories Market Research Report: By Alkalinity (Acidic & Neutral and Basic), By Form (Shaped, Unshaped) and By Application (Glass, Cement, Iron & Steel, Non-ferrous Metals) – Forecast till 2028” the market size is projected to be worth USD 32.81 billion by 2028, registering a CAGR of 4.79% during the forecast period (2021 – 2028), The market was valued at USD 24.46 billion in 2020. Market Competitive Landscape: The key companies in the refractories market profiled are:Krosaki Harima Corporation (Japan) RHI Magnesita GmbH (Austria) Morgan Advanced Materials (UK) CoorsTek Inc. (US) Calderys (France) Vesuvius (England) Shinagawa Refractories Co. Ltd. (Japan) Saint-Gobain...

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Sharps Compliance Corp. Prices $15.6 Million Underwritten Public Offering of Common Stock

HOUSTON, Aug. 25, 2021 (GLOBE NEWSWIRE) — Sharps Compliance Corp. (Nasdaq: SMED) (the “Company”) today announced the pricing of an underwritten public offering of 1,800,000 shares of its common stock at a public offering price of $8.65 per share. The Company has also granted to the underwriters a 30-day option to acquire an additional 270,000 shares to cover overallotments in connection with the offering. After the underwriting discount and before estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $14.8 million, assuming no exercise of the overallotment option. The offering is expected to close on August 30, 2021, subject to customary closing conditions. Roth Capital Partners is acting as sole manager for the offering. Sharps Compliance Corp. intends to use the net proceeds...

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Itafos Reports Strong Q2 and H1 2021 Results, Raising Full Year 2021 Guidance and Announces Closing of Debt Refinancing and Related Amendments

Q2 2021 Key Highlightsrevenues of $103.3 million adjusted EBITDA of $33.7 million net income of $9.6 million free cash flow of $25.4 millionH1 2021 Key Highlightsrevenues of $193.5 million adjusted EBITDA of $54.3 million net income of $11.5 million free cash flow of $40.1 millionRevised FY 2021 Guidanceincreased adjusted EBITDA guidance to $110-120 million tightened maintenance capex guidance to $22-25 million tightened growth capex guidance to $12-15 million increased free cash flow guidance to $55-65 millionRefinancing Highlightsclosed three-year, $205 million secured term loan repaid existing secured term credit facility amended existing secured working capital facility at Conda to increase the commitment amount from $20 million to $40 million and extend term amended existing unsecured and subordinated promissory note...

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HUTCHMED Initiates a Phase Ib/II Trial of Fruquintinib in Combination with Tislelizumab in Advanced Triple Negative Breast Cancer or Advanced Endometrial Cancer

HONG KONG and SHANGHAI, China and FLORHAM PARK, N.J., Aug. 25, 2021 (GLOBE NEWSWIRE) — HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM: HCM; HKEX:13) has initiated a Phase Ib/II study of fruquintinib in combination with BeiGene’s tislelizumab in patients with advanced triple negative breast cancer (“TNBC”) or advanced endometrial cancer (“EC”) in the U.S. The first patient was dosed on August 24, 2021. This trial is to explore the potential for the addition of a highly selective vascular endothelial growth factor receptor (“VEGFR”) inhibitor, fruquintinib, to anti-programmed death-1 (“PD-1”) antibody tislelizumab in inducing activity to immune checkpoint inhibitors. This is an open-label, multi-center, non-randomized study to assess the safety and efficacy of fruquintinib in combination with tislelizumab in patients with locally...

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