U.S. Global Investors Announces Results for Fiscal Year 2022, with Operating Income Up 36% Year-over-Year and Operating Margin of 45%

Written by Customer Service on September 1, 2022. Posted in Earnings Releases And Operating Results.

July marked a record fourth straight month of U.S. mutual fund and ETF outflows Morningstar Direct Asset Flows SEA Beat the Market So Far this Year Bloomberg SAN ANTONIO, Sept. 01, 2022 (GLOBE NEWSWIRE) — U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors from gold to airlines, is pleased to report financial results for the fiscal year ended June 30, 2022. For the 12-month period, total operating revenues were $24.7 million, a 14% increase year-over-year (YOY). Operating income was $11.1 million, a 36% increase YOY. Operating margin was 45%, up from 38% in fiscal 2021. As of June 30, 2022, the Company had net working capital of approximately $33.9 million, a 57% increase from June 30, 2021. With approximately...

Barrick Agrees to Sell Royalty Portfolio to Maverix Metals for Total Consideration of Up To $60 Million

Written by Customer Service on September 1, 2022. Posted in Public Companies.

All amounts expressed in US dollars TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) today announced that it has entered into a definitive agreement to sell a portfolio of royalties (the “Portfolio”) to Maverix Metals Inc. (“Maverix”) for total consideration of up to $60 million. The Portfolio consists of 22 royalties on the production of minerals from mines located in North America, South America, Australia and Africa. The total consideration of $60 million consists of $50 million in cash payable on closing of the Portfolio sale, subject to the exercise of any right of first refusal or buy-down right by the counterparties under certain royalties, and three contingent payments: $6 million if the operator of the Eskay Creek project in British Columbia (Skeena Resources Ltd.) obtains...

Nevada Gold Mines Agrees to Sell Royalty Portfolio to Gold Royalty Corp. for Total Consideration of $27.5 Million

Written by Customer Service on September 1, 2022. Posted in Public Companies.

All amounts expressed in US dollars ELKO, Nev., Sept. 01, 2022 (GLOBE NEWSWIRE) — Nevada Gold Mines’ (“NGM” or the “Company”) today announced that it has entered into a definitive agreement to sell a portfolio of royalties (the “Portfolio”) to Gold Royalty Corp. (“Gold Royalty”) for $27.5 million. The Portfolio consists of three royalties on the production of minerals from the Granite Creek and Bald Mountain projects located in the State of Nevada. The total consideration of $27.5 million will be satisfied through the issuance by Gold Royalty of 9,393,681 common shares (the “Consideration Shares”). Upon closing, NGM is expected to hold approximately 7.0% of the issued and outstanding shares of Gold Royalty on a pro forma basis. About Nevada Gold MinesNevada Gold Mines is operated by Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX)...

Spruce Ridge Resources Ltd. Announces Cease Trade Order

Written by Customer Service on September 1, 2022. Posted in Public Companies.

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) — Spruce Ridge Resources Ltd. (“Spruce” or the “Company”) (TSX-V: SHL) announces that it anticipates that it will be issued a failure-to-file cease-trade order (“CTO”) by the Ontario Securities Commission (the “OSC”) due to delays in filing the audited financial statements, CEO and CFO certifications, and management discussion and analysis (the “Annual Filings”) for the year ended April 30, 2022 by the filing deadline of August 29, 2022. The Company has been late in the preparation of the Annual Filings due to a combination of factors including the recent management changes which occurred within 30 days of the deadline for the Annual Filings. Once issued, the CTO will remain in effect until the Company files the Annual Filings. Upon issuance, the CTO prohibits all trading in the Company’s...

California Water Service Sees Third Consecutive Month of Increasing Conservation During July 2022

Written by Customer Service on September 1, 2022. Posted in Public Companies.

SAN JOSE, Calif., Sept. 01, 2022 (GLOBE NEWSWIRE) — Together with its customers, California Water Service (Cal Water) achieved greater water use reductions over the preceding month for the third month in a row. As customers continued to heed the Governor’s call to conserve water, Cal Water reduced water use company-wide by 12.4% in July 2022 compared to July 2020, with 10 of its districts saving more than 15%. All of Cal Water’s districts reduced water use this July compared to July 2020, showing that customers are curtailing their water use, particularly outdoors, even as temperatures rise. Cal Water has urged customers to continue their water-efficient practices and take advantage of its rebates and free programs to achieve more conservation in the months ahead. “We commend our customers’ conservation progress and their willingness...

Live Oak Bank Expands SBA General Lending Team to Deliver Financial Solutions for America’s Small Businesses

Written by Customer Service on September 1, 2022. Posted in Public Companies.

WILMINGTON, N.C., Sept. 01, 2022 (GLOBE NEWSWIRE) — Live Oak Bank, a subsidiary of Live Oak Bancshares, announces 10 accomplished lenders have joined the bank’s General Small Business Administration (SBA) Lending team since the first half of 2022. The experienced lenders work with brokers, intermediaries, and individuals to support business acquisitions, partner buyouts and real estate purchases. “We continue to build a phenomenal team of SBA lending experts who have deep market knowledge and broaden our reach across the country to get capital into the hands of America’s entrepreneurs,” said Huntley Garriott, president of Live Oak Bank. “This is an effort for Live Oak to deliver on its mission to be America’s small business bank and provide access to capital with our differentiated approach.” Live Oak specializes in acquisition...

Amesite Announces Closing of $2.3 Million Registered Direct Offering

Written by Customer Service on September 1, 2022. Posted in Public Companies.

DETROIT, Sept. 01, 2022 (GLOBE NEWSWIRE) — Amesite Inc. (NASDAQ: AMST), (“Amesite” or the “Company”) a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, today announced that it closed its previously announced registered direct offering of 4,181,821 shares of common stock, and a concurrent private placement of warrants to purchase 4,181,821 shares of common stock at a combined purchase price of $0.55. The gross proceeds to Amesite from this offering are approximately $2.3 million, before deducting placement agent fees and other estimated offering expenses. The warrants will be exercisable commencing six months after the date of their issuance, have an exercise price of $0.82 per share and will expire five and one-half years from the date of issuance. Laidlaw...

Fancamp and KWG Resources Announce Closing of the Sale of Fancamp’s Interests in Koper Lake-McFaulds Mining Claims to KWG

Written by Customer Service on September 1, 2022. Posted in Public Companies.

VANCOUVER, British Columbia and TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) — Fancamp Exploration Ltd. (“Fancamp”) (TSXV: FNC) and KWG Resources Inc. (“KWG”) (CSE: KWG, KWG.A; FSE: KW61) are pleased to announce that, further to their joint press releases dated July 21, 2022 and August 10, 2022, they have closed the sale (the “Transaction”) by Fancamp to KWG of all of the right, title and interests beneficially owned by Fancamp in and to the “Koper Lake-McFaulds” mineral properties, comprised of four (4) “legacy” mining claims (the “Mining Claims”) that cover approximately four (4) square kilometers, overlying the axis of the Ring of Fire intrusion, host to all the known chromite deposits located within the “Ring of Fire” in the Province of Ontario. The consideration paid by KWG to Fancamp for the purchase of the Mining Claims and...

Jade Power Announces Proposed Sale of Its Renewable Energy Asset Portfolio

Written by Customer Service on September 1, 2022. Posted in Public Companies.

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) — Jade Power Trust (“Jade Power” or the “Trust”) (TSXV: JPWR.UN) is pleased to announce that its administrator, Jade Power Administrator Inc., (the “Administrator”) has, on behalf of the Trust, entered into (together with certain subsidiaries of the Trust) a binding share sale agreement (the “Purchase Agreement”) dated September 1, 2022 with Enery Power Holding GmbH (“Enery”), an Austrian-based renewable energy company with operations throughout the Czech Republic, Slovakia and Bulgaria, and an affiliate thereof (the “Purchaser”), to sell all of its renewable energy operating assets (the “Sale Transaction”) pursuant to the terms and conditions set out in the Purchase Agreement. The parties to the Purchase Agreement act at arm’s length. Purchase Price and Unit Distributions The purchase price...

Reservoir Commends Landmark Mechanical Streaming Royalty Rates Settlement

Written by Customer Service on September 1, 2022. Posted in Public Companies.

The National Music Publishers’ Association (NMPA), Nashville Songwriters Association International (NSAI), and Digital Media Association (DiMA) Have Reached a Settlement for Mechanical Streaming Royalty Rates to Increase to 15.35% over the Next Five Years NEW YORK, Sept. 01, 2022 (GLOBE NEWSWIRE) — Reservoir Media, Inc. (NASDAQ: RSVR) (“Reservoir” or the “Company”), an award-winning independent music company, today commended a landmark settlement reached between the National Music Publishers’ Association (NMPA), Nashville Songwriters Association International (NSAI), and Digital Media Association (DiMA) in relation to the U.S. Copyright Royalty Board’s (CRB) Phonorecords IV proceedings. Digital service providers (DSPs), including Amazon, Apple, Google, Pandora and Spotify, have agreed to incrementally raise the percentage of revenue...

Day: September 1, 2022

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