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Year: 2023

Vital Energy Acquires Additional Working Interests in Recent High-Value Acquisitions in the Permian Basin

TULSA, OK, Dec. 21, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the acquisition of additional working interests in producing assets associated with the recent asset acquisition from Henry Energy LP, Moriah Henry Partners LLC and Henry Resources LLC (collectively “Henry”) for total consideration of $55 million1. The purchase will increase Vital Energy’s working interest in 45 wells by an average of 24%, increasing the Company’s estimated 2024 production by approximately 1,400 BOE/d (57% oil). The transaction is expected to increase Vital Energy’s 2024 Free Cash Flow2 by approximately $20 million3, furthering Vital Energy’s deleveraging goals. The transaction is associated with the exercise of tag-along rights by owners of certain assets...

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Algoma Steel Group Announces Director Retirement

SAULT STE. MARIE, Ontario, Dec. 21, 2023 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that Andrew Schultz is retiring from the board of directors effective December 31, 2023. Mr. Schultz originally joined the board of Algoma Steel Holdings Inc., a predecessor to the Company, in connection with its acquisition of the assets of Essar Algoma Steel Inc. in 2018, and continued as a director of Algoma in October 2021 as it became a public company following the merger with Legato Merger Corporation. He served as Chair of both the Human Resources & Compensation Committee and the Risk Committee, and as a valuable member of the Audit Committee and Operations & Capital Projects Committee. “On...

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R1 RCM to Present at the 42nd Annual J.P. Morgan Healthcare Conference

MURRAY, Utah, Dec. 21, 2023 (GLOBE NEWSWIRE) — R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced its management team will present at the 42nd Annual J.P. Morgan Healthcare Conference on Tuesday, January 9, 2023, at 10:30am ET. A live audio webcast of each presentation will be available on the Investor Relations section of R1’s website at r1rcm.com. A replay of the webcast will be available for 90 days following the live webcast. About R1 RCMR1 is a leading provider of technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and medical groups. R1’s proven and scalable operating models seamlessly complement a healthcare organization’s...

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Northview Residential REIT Announces December Distribution

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, Dec. 21, 2023 (GLOBE NEWSWIRE) — Northview Residential REIT (the “REIT”) today announced its December 2023 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”) in the amount of C$0.091146 per Unit (C$1.09 per Unit on an annualized basis). The distribution will be payable on January 15, 2024 to holders of Units of record at December 31, 2023. About Northview Residential REIT The REIT is a publicly traded real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario for the primary purpose of indirectly acquiring, owning and operating a portfolio of income producing rental properties in secondary markets...

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MAX Power’s First Drill Hole Supports New Lithium Discovery in Western United States

Max Power Mining CorpFigure 1: The Willcox PlayaMax Power Mining CorpFigure 2: Representative Drill CoreMax Power Mining CorpFigure 3: Godbe Drilling’s Core Rig on Hole WP-23-01VANCOUVER, British Columbia, Dec. 21, 2023 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) has intersected a thick lithium claystone sequence as well as multiple liquid brine targets in its first diamond drill hole at the Willcox Playa in southeast Arizona. This represents a new discovery with considerable scale and grade potential as MAX Power’s Willcox Property covers a 6-mile-long north-south corridor defined by favorable geophysics and surrounded by excellent infrastructure in the heart of the American West. Highlights:From the top of the hole to approximately...

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Par Pacific Announces 2024 Capital Expenditure Guidance

HOUSTON, Dec. 21, 2023 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced its 2024 capital expenditure and turnaround outlay guidance with a range of $220 million to $250 million.  2024 Capital Expenditure andTurnaround Outlay Guidance$ in millions     Turnarounds & Catalyst ¹ $75 – 90Maintenance ² 85 – 90Growth ³ 60 – 70Total Capital Expenditure andTurnaround Outlay $220 – 250¹ Includes pre-turnaround spend related to the 2025 Hawaii turnaround.² Includes Billings reliability investments.³ Includes capital spend for the Hawaii renewable hydrotreater project. About Par Pacific Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the...

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Lowell Farms Inc. Announces Resignation of Board Member Brian Shure

SALINAS, Calif., Dec. 21, 2023 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born vertically integrated cannabis company with advanced production capabilities including extraction, manufacturing, and distribution, announces that effective December 19, 2023, Brian Shure has announced his resignation from the Lowell Farms Inc. Board of Directors for personal reasons. “I want to thank Brian for his contribution to Lowell Farms over the years,” says Chief Executive Officer, Mr. Ainsworth. “We wish him the best in his future pursuits.” ABOUT LOWELL FARMS INC.Lowell Farms Inc. (CSE:LOWL; OTCQX:LOWLF) (the “Company”) is a California-based cannabis company with advanced production capabilities supporting the supply chain, including extraction, manufacturing, brand sales, marketing, and distribution....

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Talonvest Capital Negotiates $9.75 Million Life Company Bridge Loan

SmartStop Storage FacilityStorage facility in Tamarac, FL.IRVINE, Calif., Dec. 21, 2023 (GLOBE NEWSWIRE) — Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, along with their client, Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), are pleased to announce the closing of a $9,750,000 bridge loan financing for the acquisition of an approximately 760 unit, climate-controlled self storage facility in Tamarac, FL with approximately 69,000 net rentable square feet. The newly constructed facility is situated adjacent to West McNab Road and benefits from exposure to 38,500 vehicles daily. The location’s strong demographics are anticipated to aid in the successful lease-up...

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Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results

Q4’23 Revenue Increased 46% to $16.9M with 3rd Consecutive Quarter of Positive Operating Income of $0.2M Fiscal Full Year 2023 Revenue Increased 33% to $59.7M Fiscal Full Year 2023 Gross Margin up 680 Basis Points to 44% Management to Host Conference Call Today at 5:00 p.m. ET Brooklyn, NY , Dec. 21, 2023 (GLOBE NEWSWIRE) —  – Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fourth quarter and fiscal year ended September 30, 2023. Cemtrex expects to file its Form 10-K with the Securities and Exchange Commission (“SEC”) after the market close on Wednesday, December 27, 2023. Key Full Fiscal Year 2023, Fourth Quarter and Subsequent HighlightsRevenue for FY’23 increased 33% to $59.7 million, compared to...

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Great Southern Bancorp, Inc. Announces Appointment of Amelia “Amy” Counts to Boards of Directors

SPRINGFIELD, Mo., Dec. 21, 2023 (GLOBE NEWSWIRE) — Great Southern Bancorp, Inc., (NASDAQ:GSBC), the holding company for Great Southern Bank, announced today that Amelia “Amy” Counts has been appointed to the Boards of Directors of the Bank and the holding company, with her service to commence January 1, 2024. Great Southern President and CEO Joseph W. Turner said, “We welcome Amy as a director of our Company and Bank. We value diversity of talent, knowledge and experience in our Board members, and Amy’s extensive business development and customer relationship expertise will prove to be a tremendous asset to our Board. Amy being a resident of St. Louis will also bring valuable insight and perspective as we expand customer relationships in this key market for our Company.” Counts is currently a regional vice president of sales at...

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