Discovery Reports First Quarter 2024 Financial Results

Written by Customer Service on May 14, 2024. Posted in Earnings Releases And Operating Results.

TORONTO, May 14, 2024 (GLOBE NEWSWIRE) — Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced financial results for the three months ended March 31, 2024 (“Q1 2024”). The Company also provided a summary of key events since the beginning of 2024, including the release on February 20, 2024, of the feasibility study results (the “Feasibility Study” or “Study”) for Discovery’s 100%-owned Cordero silver project (“Cordero” or the “Project”) in Chihuahua State, Mexico. All figures are stated in Canadian dollars unless otherwise noted. Tony Makuch, CEO, commented: “During Q1 2024, we achieved a major milestone with the release of the Feasibility Study for our Cordero Project. The Study results clearly establish Cordero as one of the world’s largest silver development projects both in terms of reserves...

Hudson Acquisition I Corp. and Aiways Automobile Europe GmbH Enter into Letter Agreement for Business Combination

Written by Customer Service on May 14, 2024. Posted in Public Companies.

New York, NY, May 14, 2024 (GLOBE NEWSWIRE) — Hudson Acquisition I Corp. (NASDAQ: “HUDA”) today announced it has signed a letter agreement with Aiways Automobile Europe GmbH (“Aiways Europe”) for a business combination (the “de-SPAC”). The shareholders of Aiways Europe will receive newly issued shares of HUDA common stock in an aggregate amount representing an equity valuation of approximately US$400 million. The de-SPAC is expected to close on or around December 31, 2024. At the consummation of the de-SPAC, HUDA’s shareholders will become minority and non-controlling shareholders in the combined entity. This business combination marks a significant milestone in establishing a robust and enduring presence in Europe. The integration with HUDA will equip Aiways Europe with efficient access to growth capital, close alignment with...

Imperial Announces Normal Course Issuer Bid

Written by Customer Service on May 14, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) — Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) announces the Toronto Stock Exchange (the “TSX”) has accepted the Company’s Notice of Intention to make a Normal Course Issuer Bid (the “Bid”) to be transacted through the facilities of the TSX or alternative Canadian trading systems. Pursuant to the Bid, the Company may purchase up to 809,357 common shares, which represents 0.5% of the total 161,871,341 common shares of the Company issued and outstanding as of May 14, 2024. Purchases will be made, at the discretion of the Company, at prevailing market prices, commencing May 17, 2024 and ending no later than May 16, 2025. Pursuant to TSX policies, daily purchases made by the Company will not exceed 11,694 common shares or 25% of the Company’s average...

Solar Alliance announced $1,000,000 non-brokered private placement and shares for debt exchange

Written by Customer Service on May 14, 2024. Posted in Public Companies.

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO and KNOXVILLE, Tenn., May 14, 2024 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR), a leading solar energy solutions provider focused on the commercial and industrial solar sector, is pleased to announced its intention to complete a non-brokered private placement of up to 20,000,000 units of the Company (the “Units”) at a price of C$0.05 per Unit for gross proceeds of up to C$1,000,000 (the “Offering”). Each Unit will be comprised of one (1) common share of the Company (a “Common Share”) and one (1) Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one (1) Common Share (a “Warrant Share”) at an exercise price of C$0.07 per Warrant Share...

PowerCo SE and NOVONIX Enter into a Testing and Development Agreement

Written by Customer Service on May 14, 2024. Posted in Public Companies.

BRISBANE, Australia, May 15, 2024 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, and PowerCo SE (“PowerCo”), a Volkswagen Group-owned battery cell company, have announced the signing of a non-exclusive Testing and Development Agreement (“TDA”). The work to be conducted under the TDA will include NOVONIX developing, testing, and analyzing synthetic graphite anode materials tailored to meet PowerCo’s requirements and upon successful completion of certain development work under the TDA, NOVONIX and PowerCo may enter into a supply agreement for developed products with details to be determined at that time. Established by Volkswagen in 2022, PowerCo is committed to leading global battery cell production. The company oversees international factory operations, advances in...

ONWARD® Medical Schedules Webcast to Provide Q1 2024 Business Update

Written by Customer Service on May 14, 2024. Posted in Public Companies.

EINDHOVEN, the Netherlands, May 15, 2024 (GLOBE NEWSWIRE) — ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), today announces that it will host a webcast to discuss its Q1 2024 business highlights. The webcast will be held on May 23, 2024, at 2:30PM CET / 08:30AM ET. It will be hosted by CEO Dave Marver who will discuss highlights from Q1 2024 and provide a business update. To join the webcast via Zoom, please register using this link. Participants may also join by phone: +32 2 290 9360 (Belgium) +49 69 3807 9884 (Germany) +31 20 794 0854 (Netherlands) +41 22 591 0156 (Switzerland) +44 203 481 5240 (United Kingdom) +1 346 248 7799 (US) Additional telephone numbers available Meeting...

Calian Reports Record Results for the Second Quarter

Written by Customer Service on May 14, 2024. Posted in Earnings Releases And Operating Results.

(All amounts in release are in Canadian dollars) OTTAWA, May 14, 2024 (GLOBE NEWSWIRE) — Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, today released its results for the second quarter ended March 31, 2024. Q2-24 Highlights: Revenue up 19% to $201 million Gross margin at 34.8%, up from 30.9% last year Adjusted EBITDA1 up over 50% to $25.7 million Operating free cash flow1 of $17.8 million Net liquidity of $157 million Appointed President, Advanced Technologies Completed the acquisition of the nuclear assets of MDA Ltd. on March 5, 2024 Completed the acquisition of Mabway on May 9, 2024 FY24 guidance increased Financial Highlights Three months ended Six months ended (i(in millions of...

Melcor Developments announces first quarter results, declares quarterly dividend of $0.11 per share

Written by Customer Service on May 14, 2024. Posted in Dividend Reports And Estimates.

EDMONTON, Alberta, May 14, 2024 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (“Melcor”) (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the first quarter ended March 31, 2024. The first quarter Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or on SEDAR+ (www.sedarplus.ca). Timothy Melton, Melcor’s Executive Chair and Chief Executive Officer, commented: “Melcor is pleased to report relatively good results for the first quarter of 2024. Revenue for the quarter increased to $49.75 million compared to $36.08 million in Q1-2023, and funds from operations was $13.75 million compared to $7.05 million last year. Our Land division produced strong results,...

Northrop Grumman Increases Quarterly Dividend 10 Percent to $2.06

Written by Customer Service on May 14, 2024. Posted in Dividend Reports And Estimates.

FALLS CHURCH, Va., May 14, 2024 (GLOBE NEWSWIRE) — The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $2.06 per share on Northrop Grumman common stock, payable June 12, 2024, to shareholders of record as of the close of business May 28, 2024. “Northrop Grumman’s capital deployment strategy is designed to create value for customers and shareholders alike,” said Kathy Warden, chair, chief executive officer and president, Northrop Grumman. “The investments we’ve made in our broad portfolio give us confidence in our outlook, including strong and expanding cash flows. Reflecting this, today, our board approved a 10 percent increase to our quarterly dividend, our 21st consecutive annual increase.” Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering...

Ferroglobe Reports Solid First Quarter 2024 Financial Results

Written by Customer Service on May 14, 2024. Posted in Earnings Releases And Operating Results.

Increasing annual Adj. EBITDA guidance to $130-170 million, up from $100-170 million previously Posted adjusted EBITDA of $25.8 million for the first quarter of 2024 Net cash positive for the first time in the Company’s history; all-time low gross debt of $81 million Initiated a quarterly cash dividend of $0.013 per share, paid on March 28, 2024; announcing a second quarter dividend of $0.013 per share, payable on June 27 Board approved stock buyback program; shareholder vote to approve buyback scheduled for June 2024 AGM Successfully restarted French operations on April 1, 2024, with all furnaces running Applying for permit to expand silicon metal production in the U.S. to address strong secular trends in solar and EV batteries Signed a memorandum of understanding with Coreshell, followed by an investment post-quarter after strong test...

Day: May 14, 2024

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