Day: February 19, 2022

Norsk Hydro: Power failure at Albras causes shutdown of 25% of capacity

Norsk Hydro: Power failure at Albras causes shutdown of 25% of capacity

Written by Customer Service on . Posted in Public Companies.

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...

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<div>EnviroGold Global Executes Binding, Definitive Agreement to Reprocess Tailings with 634k oz Gold, 22.9M oz Silver and 419k tonnes Copper-Lead-Zinc with grades of 2.60 g/t Au, 94 g/t Ag, 2.33% Zn, 3.01% Pb and 0.19% Cu Contained in 6.37Mt of Measured & Indicated and 1.21Mt of Inferred Resources</div>

EnviroGold Global Executes Binding, Definitive Agreement to Reprocess Tailings with 634k oz Gold, 22.9M oz Silver and 419k tonnes Copper-Lead-Zinc with grades of 2.60 g/t Au, 94 g/t Ag, 2.33% Zn, 3.01% Pb and 0.19% Cu Contained in 6.37Mt of Measured & Indicated and 1.21Mt of Inferred Resources

Written by Customer Service on . Posted in Public Companies.

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...

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Adagio Therapeutics Announces CEO Succession Plan

Adagio Therapeutics Announces CEO Succession Plan

Written by Customer Service on . Posted in Public Companies.

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...

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Jourdan Makes Final Payment to Acquire Quebec Lithium Property

Jourdan Makes Final Payment to Acquire Quebec Lithium Property

Written by Customer Service on . Posted in Mergers And Acquisitions.

TORONTO, Feb. 18, 2022 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSXV: JOR; OTCQB: JORFF) (“Jourdan” or the “Company”) is pleased to announce that today it made the final payment pursuant to an option agreement made effective March 1, 2021 (the “Agreement”) in connection with its previously announced acquisition of the La Corne lithium property (“LaCorne”). For more information about LaCorne and the option please see the Company’s press releases dated March 1, 2021 and March 25, 2021, which are available on the Company’s SEDAR profile at www.sedar.com. In accordance with the Agreement, Jourdan elected to make the final payment of C$100,000 by way of the issuance of an aggregate of 1,111,111 common shares of the Company (the “Final Payment Shares”). The number of Final Payment Shares was calculated based on a deemed price per share...

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