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Month: May 2024

Helium Evolution Announces Filing of Q1-2024 Financial Results

CALGARY, Alberta, May 21, 2024 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today announced the filing of the Company’s interim condensed financial statements and associated management’s discussion and analysis for the three months ended March 31, 2024 (the “Q1 Report”). Complete details of the Q1 Report are available on SEDAR+ at www.sedarplus.ca, and on HEVI’s website. Three Months Ended March 31, 2024 Highlights:  Three months endedTabular amounts in thousands ofCanadian Dollars, except share and per share amounts March 31, 2024 March 31, 2023Financial    Net loss 239 311Net loss per share, basic and diluted 0.00 0.00Cash 5,304 8,229Working...

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Alvotech Reports Financial Results for First Quarter of 2024 and Provides a Business Update

Total revenues in Q1 2024 increased to $37 million compared to $16 million in the same period last year.Gross margin in Q1 2024 increased to $17 million, by $40 million compared to the same period last year.Alvotech signed new commercialization agreements for its high concentration interchangeable biosimilar to Humira® in the U.S. and for its proposed biosimilar to Prolia® and Xgeva® in the U.S. and Europe.Alvotech raises topline revenue guidance to $400-$500 million and tightens guidance for bottom line range for 2024 to $100-$150 million.Management will conduct a business update conference call and live webcast on Wednesday May 22, 2024, at 8:00 am ET (12:00 pm GMT).REYKJAVIK, Iceland, May 21, 2024 (GLOBE NEWSWIRE) — Alvotech (NASDAQ: ALVO, or the “Company”), a global biotech company specializing in the development...

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Alvotech Reports Financial Results for First Quarter of 2024 and Provides a Business Update

Total revenues in Q1 2024 increased to $37 million compared to $16 million in the same period last yearGross margin in Q1 2024 increased to $17 million, by $40 million compared to the same period last year.Alvotech signed new commercialization agreements for its high concentration interchangeable biosimilar to Humira® in the U.S. and for its proposed biosimilar to Prolia® and Xgeva® in the U.S. and Europe.Alvotech raises topline revenue guidance to $400-$500 million and tightens guidance for bottom line range for 2024 to $100-$150 million.Management will conduct a business update conference call and live webcast on Wednesday May 22, 2024, at 8:00 am ET (12:00 pm GMT)Alvotech (NASDAQ: ALVO, or the “Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide,...

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Toll Brothers Reports FY 2024 2nd Quarter Results

Bella Vista at Porter RanchNorthridge, CAFORT WASHINGTON, Pa., May 21, 2024 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its second quarter ended April 30, 2024. FY 2024’s Second Quarter Financial Highlights (Compared to FY 2023’s Second Quarter):Net income and earnings per share were $481.6 million and $4.55 per diluted share, compared to net income of $320.2 million and $2.85 per diluted share in FY 2023’s second quarter. Net income and earnings per share included $124.1 million and $1.17, respectively, related to the sale of a parcel of land to a commercial developer. Excluding these gains, net income and earnings per share were $357.5 million and $3.38 per diluted share in FY 2024’s second quarter. Pre-tax income was...

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Atico Reports Consolidated Financial Results for First Quarter of 2024

(All amounts expressed in US dollars, unless otherwise stated) VANCOUVER, British Columbia, May 21, 2024 (GLOBE NEWSWIRE) — Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended March 31, 2024, posting income from mining operations of $2.8 million and a net loss of $0.4 million. Production for the period at Atico’s El Roble mine totaled 3.3 million pounds (“lbs”) of copper and 2,185 ounces (“oz”) of gold in concentrate at a cash cost(1) of $2.57 per payable pound of copper(2). Fernando E. Ganoza, CEO and Director, commented, “the operational and financial results for this quarter were in line with Company expectations. We are already into development of the newly discovered reserves and have been making additional investments in preparation...

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Canadian Net REIT Announces 2024 First-Quarter Results

REIT also announces monthly distributions for Q3 2024 MONTRÉAL, May 21, 2024 (GLOBE NEWSWIRE) — Canadian Net Real Estate Investment Trust (“Canadian Net” or the “REIT”) (TSX-V: NET.UN) today reported its results for the quarter ended March 31st, 2024 (“Q1 2024”). The REIT also announced distributions for the months of July, August and September 2024. “I’m pleased to share our Q1 2024 results, which highlight the strength of our portfolio with a solid 100% occupancy rate and a conservative 57% payout ratio,” said Kevin Henley, President and CEO. “Our portfolio has performed very well and has mostly offset the increased interest rate cost due to higher rates on our 2023 mortgage renewals, translating into a slight 3% decrease in FFO per unit. Looking forward, our portfolio is well-positioned and will absorb these costs through...

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Timbercreek Financial Corp. Announces $40 Million Bought Deal Offering of Convertible Debentures and Redemption of 5.30% Convertible Unsecured Subordinated Debentures

SHELF PROSPECTUS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, May 21, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (“Timbercreek” or the “Company”) today announced that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and TD Securities Inc. pursuant to which the underwriters will purchase $40 million aggregate principal amount of 7.50% convertible unsecured subordinated debentures of the Company due June 30, 2029 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). The Company has also granted to the underwriters an over-allotment option to purchase up to an additional $6 million...

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TransAlta Achieves Commercial Operation of 200 MW Horizon Hill Wind Facility, increasing its United States Renewables Fleet to over 1 GW

CALGARY, Alberta, May 21, 2024 (GLOBE NEWSWIRE) — TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the 200 MW Horizon Hill Wind Project (“Horizon Hill”), located in Logan County, Oklahoma, has achieved commercial operation. The facility is fully contracted to Meta Platforms Inc. (“Meta”), which is receiving both clean electricity and environmental attributes from the new facility. “Since 2020, Meta has supported its global operations with 100 per cent wind and solar energy. As our footprint grows, it’s key that we find strong partners who can help us continue to meet that goal by bringing new renewable energy to the grid,” said Urvi Parekh, head of renewable energy at Meta. “We are excited to partner with TransAlta to help power our operations with clean electricity.” “We...

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Ryman Hospitality Properties, Inc. to Present at the 2024 REITweek Conference – Tuesday, June 4, 2024, 2:15 p.m. ET

NASHVILLE, Tenn., May 21, 2024 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (“RHP”), a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and country music entertainment experiences, today announced that it will present to investors attending the 2024 REITweek Conference being held in New York, NY, on Tuesday, June 4, at 2:15 p.m. ET. Mark Fioravanti, President and Chief Executive Officer, will participate in an analyst-led roundtable discussion. Jennifer Hutcheson, Chief Financial Officer, and Sarah Martin, Vice President of Investor Relations, will also attend the conference. The presentation will be webcasted and can be accessed on Ryman Hospitality Properties’ website at ir.rymanhp.com. To listen to the webcast, please visit...

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IAMGOLD Announces US$300 Million Bought Deal Financing

BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE ON SEDAR+ WITHIN TWO BUSINESS DAYS TORONTO, May 21, 2024 (GLOBE NEWSWIRE) — IAMGOLD Corporation (“IAMGOLD” or the “Company”) today announced that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Markets, BMO Capital Markets and RBC Capital Markets pursuant to which they have agreed to purchase, on a bought deal basis, 72,000,000 common shares of the Company at a price of US$4.17 per common share (the “Offering Price”), for aggregate gross proceeds to the Company of approximately US$300 million (the “Offering”). The underwriters will also have the option, exercisable in whole or in part, at any time up to 30 days following the closing of the Offering, to purchase up to an additional 10,800,000 common...

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