Day: May 29, 2024

NEWPORT NEWS, Va., May 29, 2024 (GLOBE NEWSWIRE) — HII’s (NYSE: HII) Newport News Shipbuilding division joined elected officials and community leaders today at a groundbreaking ceremony for the 22nd Habitat for Humanity home sponsored by the shipyard since 2002. The groundbreaking marks the start of construction on the home, which shipyard volunteers are joining forces with Habitat for Humanity Peninsula and Greater Williamsburg to build. In keeping with shipbuilding heritage, NNS designates a “sponsor” for each home. David Horne, vice president of trades, is the sponsor for the 22nd home. “Construction is a science and an art, whether you’re building a ship or a house,” Horne said. “The tools and materials may be a little different, but the builders’ dedication and pride is the same. Our shipbuilders are proud to support our Navy...

Luxembourg – 29 May 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a super-major1 contract by Petrobras, after winning a competitive tender, for the development of the Búzios 9 field located approximately 180 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin. The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 102 kilometres of rigid risers and flowlines for the steel lazy wave production system. Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro and Paris. Fabrication of the pipelines will take place at Subsea7’s spoolbase at Ubu in the state of Espirito Santo, Brazil, and offshore operations are scheduled to be executed in 2026 and...

WILLIAMSBURG, Va., May 29, 2024 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “Form 10-Q”) in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq’s continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1). As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on May 16, 2024, the Company’s Form 10-Q cannot be filed within the prescribed time period without unreasonable effort or expense as a result of ongoing...

MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) today announced the addition of two new firefighting trains along with two additional railcars to its fire mitigation and suppression fleet. With wildfires underway across Canada, this specialized fleet, the Trident and the Neptune trains will join CN’s existing firefighting train, Poseidon. Together, these three trains will provide support in combatting wildfires along CN’s right-of-way, bringing a significant amount of water and fire suppression capacity to isolated areas, helping to ensure the fluidity, safety and security of goods on CN’s network and surrounding communities. As extreme weather events increase in frequency and duration, CN recognizes the critical importance of taking proactive measures to safeguard its role in powering the economy, supporting...

VANCOUVER, British Columbia, May 29, 2024 (GLOBE NEWSWIRE) — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce that, further to the Company’s news release dated May 7, 2024, the Company has closed the first of two tranches (the “First Tranche”) of the C$5.0 million non-brokered flow through private placement (the “Offering”), the proceeds of which will be used to fund the 2024 exploration program at the Company’s Premier Gold Project (“PGP” or the “project”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. The Offering consists of 6,024,096 common shares of the Company, which qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “FT Shares”), at a price of C$0.83 per FT Share. Under...

Wiz Khalifa, Slightly Stoopid, Rebelution and more are scheduled to headline the two-day event Pre-sale ticket registration now open at www.themiracleconcert.com Pre-sale for previous buyers and waitlist subscribers begins on Thursday, May 30 at 12:00 pm CST and general sale begins on Friday, May 31 at 12:00 pm CST The event is strictly for individuals aged 21 and above, with cannabis purchase available in-store at RISE Dispensary Mundelein and consumption permitted on the festival groundsCHICAGO and VANCOUVER, British Columbia, May 29, 2024 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a national cannabis company and owner of RISE Dispensaries and RYTHM Premium Cannabis, today announced the return of The Miracle in Mundelein, a two-day immersive event that merges...

PACE Program Provides Highly Coordinated, Personalized Senior Care ORLANDO, Fla., May 29, 2024 (GLOBE NEWSWIRE) — InnovAge Holding Corp. (“InnovAge”) (Nasdaq: INNV), an industry leader in providing comprehensive healthcare programs to predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE), announced the grand opening of its new center in Orlando, Florida, located at 8410 South Orange Blossom Trail. The new InnovAge center is a joint venture with Orlando Health, a healthcare system broadly recognized for its exemplary care programs, services and extensive community outreach and support. Orlando Health has partnered with InnovAge to help magnify the impact and extend the reach of PACE services for eligible seniors so they may live independently for as long as safely possible. InnovAge’s...

Expanded FWA offering combines Cradlepoint 5G networking solutions and T-Mobile 5G Business Internet to offer more choice to more customers BOISE, Idaho, May 29, 2024 (GLOBE NEWSWIRE) — Cradlepoint, part of Ericsson (Nasdaq: ERIC), announced that T-Mobile has enhanced its Connected Workplace offering with a select portfolio of Cradlepoint’s enterprise-grade 5G networking solutions. Now, Connected Workplace solutions include nationwide T-Mobile 5G Business Internet with Cradlepoint routers, adapters and NetCloud management platform to deliver an end-to-end 5G FWA service — with onsite installation included — all managed by T-Mobile. Fixed Wireless Access (FWA) connections worldwide are projected to increase to 330 million by the end of 2029 (up from 130 million at the end of 2023), and approximately 85 percent are expected to be...

COFACE SA: AM Best upgrades the Long-term Issuer Credit Ratings to ‘a+’ (Excellent) with a stable outlook Paris, 29 May 2024 – 18.15 The rating agency AM Best, on 29th May 2024, has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to ’a+’ (Excellent) from ‘a’ (Excellent) and affirmed the Financial Strength Rating – IFS rating of A (Excellent) of Compagnie française d’assurance pour le commerce extérieur (la Compagnie), Coface North America Insurance Company (CNAIC) and Coface Re. The outlook for these ratings is “stable”. In its press release, AM Best highlights that this rating reflects, “Coface group’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management”. This strength is underpinned by a consolidated...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, May 29, 2024 (GLOBE NEWSWIRE) — ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”, the “Company”) is pleased to provide an update in respect of Phoenix Copper Ltd.’s (“Phoenix”) exploration and development activities at the Empire Mine Project in Custer County, Idaho, USA, further to Phoenix’s news release of May 15, 2024. ExGen owns 20% and Phoenix owns 80% of Konnex Resources, Inc. (“Konnex”), which holds the leases and claims to the Empire Mine Project, which includes all of the Navarre Creek claim block. ExGen further owns 1,330,000 common shares of Phoenix. Jason Riley, CEO of ExGen commented: “I am encouraged that seven holes in Target 1 encountered a continuous zone/band of low-grade gold mineralization...