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Month: January 2024

5E Advanced Materials Closes Second Tranche of Equity Financing

New capital will be deployed to continue our initial successful mining operations and complete the processing plant HESPERIA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced it has closed its previously announced second tranche of equity financing. The second closing included $7.75 million in new equity capital from 5ECAP, LLC. The Company previously closed $10 million on January 18th. The capital closed will be deployed to continue initial production of boric acid and lithium carbonate and to complete the final stages of the processing plant. About 5E Advanced Materials, Inc. 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX:...

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United Fire Group, Inc. Announces Its 2023 Fourth Quarter Earnings Call

CEDAR RAPIDS, Iowa, Jan. 30, 2024 (GLOBE NEWSWIRE) — United Fire Group, Inc. (Nasdaq: UFCS) (the “Company”, “UFG”, “we”, or “our”) announced today that its 2023 fourth quarter earnings results will be released after the market closes on Tuesday, February 13, 2024. An earnings call will be held on Wednesday, February 14, 2024 at 9:00 a.m. central time to allow securities analysts, shareholders and other interested parties the opportunity to hear management discuss the Company’s 2023 fourth quarter results. Teleconference: Dial-in information for the call is toll-free 1-844-492-3723 (international 1-412-542-4184). Participants should request to join the United Fire Group call. The event will be archived and available for digital replay through February 21, 2024. The replay access...

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ScottsMiracle-Gro Announces Retirement of Nancy Mistretta from Board of Directors

MARYSVILLE, Ohio, Jan. 30, 2024 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Nancy Mistretta has retired from its Board of Directors. Mistretta has been a director since 2007 and served on various Board committees, most recently as a member of the Audit Committee and the Compensation and Organization Committee. “Nancy has been a great partner and friend over these many years,” said Jim Hagedorn, chairman, CEO and president of ScottsMiracle-Gro. “Her expertise in finance and banking have been invaluable in providing strategic counsel and guidance not only to the management team but also to fellow Board members. She has been a solid contributor in our continual efforts to drive...

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Waterstone Financial, Inc. Announces Results of Operations for the Quarter and Year Ended December 31, 2023

WAUWATOSA, Wis., Jan. 30, 2024 (GLOBE NEWSWIRE) — Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported a net loss of $40,000, or less than $0.01 per diluted share, for the quarter ended December 31, 2023, compared to net income of $935,000, or $0.04 per diluted share for the quarter ended December 31, 2022. Net income per diluted share was $0.46 for the twelve months ended December 31, 2023, compared to net income per diluted share of $0.89 for the twelve months ended December 31, 2022. “The current market dynamics continue to present challenges for both our Community Banking and Mortgage Banking segments,” said William Bruss, Chief Executive Officer of Waterstone Financial, Inc.  “The rapid rise in short-term interest rates and an inverted yield curve continue to create downward pressure...

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Medallion Bank Reports 2023 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock Dividend

SALT LAKE CITY, Jan. 30, 2024 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners, announced today its results for the quarter and full-year ended December 31, 2023. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). 2023 Fourth Quarter HighlightsNet income of $21.9 million, compared to $19.7 million in the prior year quarter. Net interest income of $48.9 million with a net interest margin of 8.62%, compared to $44.4 million and 9.19% in the prior year quarter. Total provision for credit losses was $9.7 million, compared to $8.4 million in the prior year quarter. Net medallion loan recoveries were $12.0...

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NowVertical Group Obtains Court Decision

TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) — NowVertical Group Inc. (“NowVertical” or the “Company”) (TSX-V: NOW) (OTCQB: NOWVF) has obtained an injunction from the Ontario Superior Court of Justice against Daren Trousdell, a shareholder and former director and officer of the Company. Among other things, the injunction prohibits Mr. Trousdell, and any other person acting jointly or in concert with him, from directly or indirectly and in any way:acquiring any securities of the Company;selling or agreeing to sell any securities of the Company except to the extent that the aggregate consideration received from such sales does not exceed more than $125,000 USD per quarter;engaging in any short sale of the Company’s shares;soliciting or participating in the solicitation of any proxies;seeking to advise or influence any person...

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GCC Reports Fourth Quarter And Full Year 2023 Results

CHIHUAHUA, Mexico, Jan. 30, 2024 (GLOBE NEWSWIRE) — GCC, S.A.B. de C.V. (BMV: GCC*), a leading supplier and producer of cement and concrete in the United States and Mexico, today announced its results for the fourth quarter and full year of 2023. FY 2023 HIGHLIGHTSConsolidated net sales increased 16.7% to US$1,363.9 million U.S. sales grew 11.6% as cement and concrete prices rose 14.1% and 13.7%, respectively U.S. concrete volumes increased 5.9% Mexico sales increased 29.9% reflecting a 2.2% and 5.2% increase in cement and concrete volumes, respectively. Mexico sales excluding the appreciation of the Mexican peso increased by 15.8% Mexico cement and concrete prices increased by 10% and 13.5%, respectively EBITDA increased 30.6% to US$472.4 million with a 34.6% EBITDA margin Free cash flow totaled US$233.7 million with a 49.5%...

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Hawthorn Bancshares Reports Results for the Fourth Quarter and the Year Ended December 31, 2023

JEFFERSON CITY, Mo., Jan. 30, 2024 (GLOBE NEWSWIRE) — Hawthorn Bancshares, Inc. (NASDAQ: HWBK), (the “Company”), the holding company for Hawthorn Bank, reported fourth quarter net loss of $7.4 million, or loss per diluted share of $(1.05), and net income of $1.0 million, or earnings per diluted share (“EPS”) of $0.14, for the year ended December 31, 2023. 2023 ResultsNet income of $1.0 million, or $0.14 per diluted share Net interest margin, fully taxable equivalent (“FTE”) of 3.29% Return on average assets and equity of 0.05% and 0.76%, respectively Deposits decreased $61.2 million, or 3.8%, compared to 2022 (“prior year”) Loans increased $17.9 million, or 1.2%, compared to the prior year The Company sold $83.7 million in book value of investment securities, with an average yield of 1.57%,...

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Northrop Grumman’s 20th Cargo Resupply Mission Successfully Launches to the International Space Station for NASA

The Cygnus spacecraft, named in honor of astronaut Dr. Patricia “Patty” Hilliard Robertson, will deliver critical supplies to astronautsNorthrop Grumman’s 20th Cargo Resupply Mission Successfully Launches to the International Space Station for NASANorthrop Grumman’s Cygnus spacecraft for the NG-20 cargo delivery mission to the International Space Station launched from Cape Canaveral Space Force Station in Florida. (Photo Credit: Northrop Grumman)CAPE CANAVERAL, Fla., Jan. 30, 2024 (GLOBE NEWSWIRE) — Northrop Grumman Corporation’s (NYSE: NOC) Cygnus cargo delivery spacecraft was successfully launched to the International Space Station today by SpaceX’s Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral Space Force Station in Florida. This is the company’s 20th resupply mission, designated as NG-20.Northrop...

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Information on French Competition Authority investigation

_PRESS RELEASE_ Paris, January 30, 2024 – Nexans informs that the French Competition Authority is carrying out searches at three Nexans sites in France today. The searches are part of an investigation in the sector of distribution of energy cables in the territory of DOM-TOM. Nexans is cooperating with the French Competition Authority. About Nexans For over a century, Nexans has played a crucial role in the electrification of the planet and is committed to electrifying the future. With approximately 28,000 people in 42 countries, the Group is paving the way to a new world of safe, sustainable and decarbonized electricity that is accessible to everyone. In 2022, Nexans generated 6.7 billion euros in standard sales. The Group is a leader in the design and manufacturing of cable systems and services across four main business areas: Power...

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