Day: February 23, 2024

Press Release Nokia and Indian Institute of Science form strategic partnership to research how 6G can meet India’s needsWorking from Nokia’s new 6G Lab in Bengaluru, IISc and Nokia will jointly research 6G radio, architecture and AI/ML technologies. Nokia and IISc’s joint research will focus on how 6G technologies can be applied to areas of critical importance to India, such as transportation safety, healthcare, education and sustainability. The partnership reaffirms Nokia’s commitment to India and its ‘Bharat 6G Vision,’ which will position India as a leader in 6G development.23 February 2024Espoo, Finland – Nokia announced today it is expanding its 6G commitment to India by partnering with the Indian Institute of Science (IISc) to jointly research 6G technologies and 6G use cases that will have a direct societal impact in India....

Figure 1Apoena open pit mines and near mine exploration targetsFigure 2Changes in Mineral Resources and Mineral Reserves compared to the end of 2022 in terms of tonnes and contained ounces in Apoena minesFigure 3Summary of Aura’s Exploration Drilling in Nosde and LavrinhaFigure 4Nosde and Lavrinha Mines Cross Section showing the Changes in Mineral Reserve Pit Outlines 2022 vs. 2023 (Looking SW)Figure 5Location of Guapore Gold belt and Apoena gold Mines, Mato Grosso, BrazilROAD TOWN, British Virgin Islands, Feb. 22, 2024 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to announce updated Mineral Resources and Mineral Reserves for the Apoena Mines (“Apoena” or the “Project”) located in Mato Grosso, Brazil, incorporating...

(In United States dollars, except where noted otherwise) TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) announces that it has successfully completed the pricing of its offering (the “Offering”) of $1,600 million aggregate principal amount of 9.375% senior secured second lien due 2029 (the “Notes”). The issue price of the Notes is 100.000%. Interest on the Notes will accrue from the issue date at a rate of 9.375% per annum and will be payable semiannually. Settlement is expected to take place on or about February 29, 2024, subject to customary conditions precedent for similar transactions. The Notes will be senior obligations of the Company and will rank equally in right of payment with all of the Company’s existing and future senior debt and senior in right of...

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) — Journey Energy Inc. (JOY – TSX) (“Journey” or the “Company”) is pleased to report its year-end 2023 oil and gas reserves evaluation. 2023 Reserve Report Highlights:Proved developed producing reserves decreased 7% to 36.9 MMboe, with a corresponding decrease of 25% in NPV@10% to $361.9 million ($368.4 million including the Countess Power Project (“CPP”)). The PDP reserve life index increased to 8.4 years from 8.3 years. Proved reserves decreased 2% to 50.0 MMboe, with a corresponding decrease of 17% in NPV@10% to $504.1 million ($581.5 million including the CPP, Gilby Power Project “GPP”) and Mazeppa power project (“MPP”). Proved plus Probable Developed Producing reserves decreased 5% to 48.6 MMboe, with a corresponding decrease of 22% in NPV@10% to $450.5 million ($457.0 million...

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) — Wilmington Capital Management Inc. (“Wilmington” or the “Corporation”) is pleased to announce the concurrent execution and completion of its previously announced disposition of its approximate 17.3% equity interest in Maple Leaf Marinas Limited Partnership (“MLM LP”) and its corresponding approximate 18.7% equity interest in MLM LP’s general partner, Maple Leaf Marinas Holdings GP Inc. (“MLM GP”). After due consideration, the Board of Directors of the Corporation, with Directors that are interested parties having declared their conflict and abstained from voting, determined the embedded value of the Corporation’s investment in MLM GP and MLM LP had been substantially realized and thus sought to sell the Corporation’s entire interest in the two entities. Pursuant to the right of...