Day: July 13, 2022
TORONTO, July 13, 2022 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX-V: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) is pleased to announce results from 22 holes from its Phase 2 drill program on its flagship Cordero silver project (“Cordero” or “the Project”) located in Chihuahua State, Mexico. The current set of results is focused on expansion of the open pit and the resource in the northeast of the deposit and will be incorporated in a resource update and Pre-Feasibility Study scheduled for completion in the fourth quarter of this year.
Highlight intercepts include:C22-610 intercepted 32.6 m averaging 388 g/t AgEq1 (115 g/t Ag, 0.05 g/t Au, 3.7% Pb and 4.1% Zn) from 226.6 m, including 17.8 m averaging 660 g/t AgEq1 (187 g/t Ag, 0.05 g/t Au, 6.5% Pb and 7.2% Zn); the intercept was more than 700 m outside the current resource...
Goodfood Reports Third Quarter 2022 Results and Continued Progress Across Key Value-Creating Drivers Including Project Blue Ocean Driving Quarterly Sequential Improved Profitability Indicators
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Net Sales of $67 million compared to $73 million in Q2-2022 and $108 million in Q3-2021
Gross margin increased to 26.2%, a 2.2% improvement compared to Q2-2022, and lower than Q3-2021 gross margin of 35.0%
Net loss of $21 million, stable relative to the Q2-2022 net loss of $21 million and higher than Q3-2021 net loss of $2 million
Consistent progress across three key value-creating drivers:Sequentially improving quarterly profitability indicators: improving gross margin and decreasing selling, general and administrative expenses driving lower Adjusted EBITDA (1) loss of $10.6m in Q3-2022 compared to a loss of $13.6m in Q2-2022 and $17.7m in Q4-2021, and Adjusted EBITDA (1) of $1.3m in Q3-2021
Growing on-demand Active Customers (1): 41% quarter-over-quarter growth reaching 38,000 households in Toronto, Montreal and Ottawa at the end...
Radware Delivers Cloud DDoS Protection for ESDS Software Solution Limited
Written by Customer Service on . Posted in Public Companies.
MAHWAH, N.J., July 13, 2022 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that ESDS Software Solution Limited selected Radware’s Cloud DDoS Protection Service to support its data centers in India. ESDS is among India’s leading managed cloud service and end-to-end multi-cloud requirements providers. ESDS engaged Radware to further increase its visibility to network and application performance as well as speed time to protection against malicious DDoS attacks.
“ISP customers depend on us to maintain a high level of security and availability, which is why security reliability is important to our business,” said Rushikesh Jadhav, chief technology officer at ESDS. “We decided to work with Radware because it provides a comprehensive cloud DDoS service...
Torex Gold Reports Strong Q2 Production Results and Surpasses 10 Million Hours Without a Lost Time Injury
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Achieves Record Quarterly Mining Rate at ELG Underground
TORONTO, July 13, 2022 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) reports Q2 2022 gold production of 123,180 ounces. With 235,620 ounces produced during the first half of 2022, the Company is firmly on track to deliver on full year production guidance of 430,000 to 470,000 ounces. During the quarter, Torex sold 123,360 ounces of gold, resulting in first half gold sales of 231,370 ounces.
TABLE 1: Q2 2022 OPERATIONAL HIGHLIGHTS
Q2 2022Gold Produced
oz
123,180Gold Sold
oz
123,360Average Plant Throughput
tpd
12,350Average Underground Ore Mined
tpd
1,580Average Open Pit Ore Mined
tpd
10,850Strip Ratio
waste:ore
8.1Torex plans to release its second quarter financial and operational results after market close on...
Conektr and Triterras Partner to Deliver Procurement Working Capital to Small Retailers in the United Arab Emirates
Written by Customer Service on . Posted in Public Companies.
Collaboration will target 7,000 small grocery and consumer goods retailers seeking digital financing for better inventory control
DUBAI, United Arab Emirates and SINGAPORE, July 13, 2022 (GLOBE NEWSWIRE) — Triterras Inc. (OTC Expert Market: TRIRF), a global fintech company and leading innovator of inclusive finance solutions for the world’s micro, small and medium enterprises (MSMEs), and Conektr, a digital lower trade, groceries, and HoReCa marketplace platform, today announced a collaboration to provide access to working capital to micro and small retailers across the United Arab Emirates (UAE) that are utilizing the Conektr app to manage their inventory.
This program, made via Triterras’ Invoice Bazaar platform, is among the first of its kind to give small businesses in the Fast Moving Consumer Goods (FMCG) space the ability...
Armada Hoffler Announces Addition of Dennis Gartman, Publisher of “The Gartman Letter,” to Company’s Board of Directors
Written by Customer Service on . Posted in Public Companies.
VIRGINIA BEACH, Va., July 13, 2022 (GLOBE NEWSWIRE) — Armada Hoffler (NYSE: AHH) is pleased to announce that Dennis Gartman – renowned investor, economist, and longtime publisher of “The Gartman Letter” – has joined the Company’s Board of Directors. He will be the sixth independent member of the Board.
“We are thrilled to welcome Dennis Gartman to our Board,” said Lou Haddad, President and CEO of Armada Hoffler. “Dennis’ unique perspective and years of experience in the capital markets will be invaluable resources for the Company.”
In addition to publishing the widely read “The Gartman Letter” for over 30 years, Gartman is a regular contributor to several financial media outlets and speaks before various associations and trade groups around the world.
Gartman was an economist for Cotton, Inc., where he analyzed supply and demand...
Resgreen Group’s Autonomous Mobile Robots Use 2D and 3D LiDAR Systems to Help Navigate Facilities
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SHELBY TOWNSHIP, MI, July 13, 2022 (GLOBE NEWSWIRE) — Resgreen Group International, Inc. (OTC Pink: RGGI) (“RGGI”), a leading mobile robot company, today shared details about its 2D and 3D LiDAR systems that will help its autonomous mobile robots (AMRs) move around factories, warehouses and buildings without reflectors, tape or any other markers. The natural feature guidance system uses both 2D and 3D LiDARs to scan the facility and create a map of the area where the vehicles will travel. The vehicle then compares its surroundings to the map to verify its location.
“The 3D LiDAR is used primarily in tunneling applications, where the vehicle travels underneath a load handling frame, connects and moves it to another location,” said Parsh Patel, CEO at RGGI. “While the 3D LiDAR produces an enormous amount of point cloud data that...
Aer Lingus Enters into New Fuel Sales Agreement with Gevo for 6.3 Million Gallons of Sustainable Aviation Fuel Per Year Over Five Years
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ENGLEWOOD, Colo., July 13, 2022 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce a new fuel sales agreement with Aer Lingus, which is owned by International Airlines Group (IAG). The Agreement provides for Aer Lingus to purchase 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Aer Lingus expects to commence fuelling its aircraft with SAF from Gevo in 2026. The expected value for the Agreement is deemed to be $173 million, inclusive of the value from environmental benefits for Gevo.
Aer Lingus, the Irish flag carrier is committed to a lower-carbon future. As part of International Airlines Group (IAG), Aer Lingus has pledged to achieve net-zero carbon emissions by 2050 and has committed to powering 10% of its flights using sustainable aviation...
Chijet Motor Company, Inc. has entered into a business combination agreement with Deep Medicine Acquisition Corp. to become a public company to advance its electric vehicle business and sales of gasoline vehicles in China and Southeast Asia
Written by Customer Service on . Posted in Public Companies.
Business combination agreement with Deep Medicine Acquisition Corp. values Chijet’s operating companies at $2.55 billion (based on 100% ownership)●
Achieving the public listing milestone would enable Chijet to accelerate its electric vehicle development, manufacturing and sales, while expanding sales and production of conventional gas-fueled hybrid vehicles, leveraging its more than 300 dealerships in China and Southeast Asia and current annual production capacity of 240,000 vehicles at its existing 13.85 million-square-foot production base in Jilin City, China.
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Expected net proceeds of up to approximately $127.8 million upon the closing (assuming no redemptions by DMAQ public shareholders) will enhance Chijet’s production capacity, new product research and development, working capital and expansion in Southeast Asia.
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Mr....
InvestmentPitch Media Video Discusses Nextech AR Solutions’ Contract to Supply 3D Models to the World’s Largest Prime eCommerce Marketplace
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VANCOUVER, British Columbia, July 13, 2022 (GLOBE NEWSWIRE) — Nextech AR Solutions Corp. (OTCQB:NEXCF) (CSE:NTAR) (FSE:N29), a Metaverse company and leading provider of augmented reality experience technologies and services, has contracted to supply 3D models to the world’s largest Prime eCommerce marketplace.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company along with video comments from Nextech AR’s CEO, Evan Gappelberg. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Nextech” in the search box.
ARitize 3D is a one-stop-shop AR solution...