Day: February 19, 2022

One of the four production lines at Hydro’s part-owned aluminium plant Albras in Brazil was shut down Saturday morning local time due to an internal power distribution failure. The power distribution failure occurred within one potline at Albras, consequently leading to a shutdown of the affected potline. The affected potline produces 110,000 tonnes of liquid aluminium annually.   The other three lines at Albras were not affected and are running as normal. It remains too early to assess financial implications from the incident, as well as timing for restart. Albras will investigate the root cause for the shutdown. Albras has a total production capacity of 460,000 tonnes per year. Hydro owns 51% of Albras, while the remaining 49% is owned by Nippon Amazon Aluminium Co. Ltd. Albras is located in the city of Barcarena in Pará State in northern...

TORONTO, Feb. 18, 2022 (GLOBE NEWSWIRE) — EnviroGold Global Limited (CSE: NVRO | OTCQB: RGOZF | FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce the execution of a binding, definitive agreement (the “Definitive Agreement”) with Hellyer Gold Mines Pty Ltd (“Hellyer Gold Mines” or “HGM”) to reprocess the tailings owned by HGM (the “Hellyer Tailings Reprocessing Project“ or the “Hellyer Tailings Project”) at the Hellyer Gold Mine, Tasmania, Australia. The execution of the transaction cements a major growth catalyst for EnviroGold Global, paving the way for finalization of project financing negotiations and materially advancing the Company’s accelerated pathway towards...

WALTHAM, Mass., Feb. 18, 2022 (GLOBE NEWSWIRE) — Adagio Therapeutics, Inc. (Nasdaq: ADGI), a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of antibody-based solutions for infectious diseases with pandemic potential, today announced a Chief Executive Officer succession plan. Current Adagio CEO Tillman Gerngross, Ph.D. has communicated to the Chairperson of the Board of Directors of Adagio that he agreed in principle to resign from his position as CEO. Upon Dr. Gerngross’s departure from the Company, the Board intends to appoint Mr. David Hering, M.B.A., who has served as the Company’s Chief Operating Officer, as Interim Chief Executive Officer of the Company. Dr. Gerngross also agreed to transfer the duties of the Chief Executive Officer to Mr. Hering. “We have built a strong...