Day: June 5, 2024

Alaska Energy Metals Closes Option to Acquire the Bambino Nickel – Copper Property and Commences Exploration Programs on Its Quebec Properties

Written by Customer Service on June 5, 2024. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the TSX Venture Exchange has accepted the transaction announced on May 22, 2024. The Company has entered into an agreement (the “Option Agreement”), pursuant to which it will be granted an option to acquire a 100% interest in the 57-claim, 3,320-hectare Bambino nickel – copper platinum group element property located in the Temiscaming Region of western Quebec. Under the terms of the Option Agreement the Company has issued 150,000 common shares to the vendors. The shares are subject to a hold period and may not be traded before October 4, 2024. For additional information, visit: https://alaskaenergymetals.com/ ABOUT ALASKA ENERGY METALSAlaska Energy Metals Corporation...

Ollie’s Bargain Outlet Reports First Quarter Fiscal 2024 Financial Results

Written by Customer Service on June 5, 2024. Posted in Earnings Releases And Operating Results.

~ Comparable Store Sales increased 3.0% ~~ Earnings per Share increased 50.0% to $0.75 ~~ Adjusted Earnings per Share increased 49.0% to $0.73 ~~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., June 05, 2024 (GLOBE NEWSWIRE) — Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the first quarter ended May 4, 2024. First Quarter Summary:Total net sales increased 10.8% to $508.8 million. Comparable store sales increased 3.0% from the prior year increase of 4.5%. The Company opened 4 new stores, ending the quarter with 516 stores in 30 states, a year-over-year increase in store count of 8.4%. Operating income increased 46.6% to $56.5 million and operating margin increased 270 basis points to 11.1%. Net income increased 49.6% to $46.3 million or $0.75 per diluted...

Acorn Secures $5M Contract with Leading Wireless Provider for Remote Monitoring and Control of Cell Tower Backup Generators

Written by Customer Service on June 5, 2024. Posted in Public Companies.

WILMINGTON, Del., June 05, 2024 (GLOBE NEWSWIRE) — Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines, air compressors and other mission critical assets, through its OmniMetrix operating subsidiary, today announced a significant new contract with one of the nation’s largest wireless telecommunications providers. Under the contract, OmniMetrix will provide monitoring devices and related remote monitoring and control services for between 5-10 thousand cell tower backup generators in the U.S. The monitoring units and monitoring services, which will be deployed over a two-year period, are expected to generate total revenue of approximately $5 million beginning in the third quarter of 2024. Jan Loeb, Acorn’s CEO, commented, “This is the largest contract...

MegaWatt Metals Provides Overview of Canada’s Uranium Mining Market & Significant Undiscovered Deposits

Written by Customer Service on June 5, 2024. Posted in Public Companies.

World’s largest deposits of high-grade uranium up to 100X greater than world average Known uranium deposits will last 40+ years at current level of production Uranium prices up 265% in last 5 years & up 63% in last 12 monthsVancouver, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) — MegaWatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the “Company“, “MegaWatt Metals” or “MegaWatt”) is pleased to provide an overview of Canada’s uranium mining market as a backdrop to the Company’s enthusiasm for the sector, MegaWatt’s planned work program for its Labrador-based Benedict Mountains Uranium Property, and our interest in potentially staking additional land in the area to increase the Company’s regional holdings. Uranium prices have increased by 265% in the last 5 years...

HF Fund: Auction results for LSS150434

Written by Customer Service on June 5, 2024. Posted in Public Companies.

Today, HF Fund concluded an auction in which it offered bonds issued by Municipality Credit Iceland plc and owned by HF Fund. Bids were submitted for LSS150434 in the nominal amount of 6,311 m.kr., with clean prices ranging between 99.350 and 97.641, which is equivalent to a yield ranging between 3.92% and 4.30%. Bids in the nominal amount of 3,065 m.kr. were accepted at a clean price of 98.954, which is equivalent to a yield of 4.01%. Further information can be obtained from: Steinþór Pálsson on behalf of HF Fund, tel: +354 616-0200, e-mail address: verkefnisstjornil@fjr.is. Employees of Government Debt Management as arranger of the auction, tel: +354 569-9635 and +354 569-9679, e-mail address: lanamal@lanamal.is.

Acreage Enters into US$10MM Private Placement

Written by Customer Service on June 5, 2024. Posted in Public Companies.

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today announced that it has entered into subscription agreements with certain institutional investors (each, an “Investor”) to issue units (the “Units”) by way of a brokered private placement at a price of US$833.33 per Unit, for gross proceeds to the Company of US$10 million (the “Offering”). Each Unit will consist of: (i) US$1,000 principal amount of non-recourse unsecured convertible ‎notes (the “Notes”), reflecting a 16.67% original issue discount‎, convertible into that number of Class E subordinate voting shares of the Company (the “Fixed Shares”) at the Conversion Price (as...

Axsome Therapeutics Settles Sunosi® (solriamfetol) Patent Litigation with Unichem Laboratories

Written by Customer Service on June 5, 2024. Posted in Public Companies.

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) — Axsome Therapeutics, Inc. (NASDAQ: AXSM) (Axsome), a biopharmaceutical company developing and delivering novel therapies for the management of central nervous system disorders, today announced that it has entered into a settlement agreement with Unichem Laboratories Ltd. (Unichem) resolving patent litigation related to Axsome’s product Sunosi® (solriamfetol). The litigation, which is pending in the United States District Court for the District of New Jersey, resulted from submission by Unichem of an Abbreviated New Drug Application to the U.S. Food and Drug Administration seeking approval to market a generic equivalent of Sunosi in the United States. The settlement agreement permits Unichem to begin selling its generic version of Sunosi on June 30, 2042, or earlier under certain circumstances....

SpringWorks Therapeutics to Participate in the Goldman Sachs 45th Annual Global Healthcare Conference

Written by Customer Service on June 5, 2024. Posted in Public Companies.

STAMFORD, Conn., June 05, 2024 (GLOBE NEWSWIRE) — SpringWorks Therapeutics, Inc. (Nasdaq: SWTX), a commercial-stage biopharmaceutical company focused on severe rare diseases and cancer, today announced that management will participate in a fireside chat at the Goldman Sachs 45th Annual Global Healthcare Conference, taking place in Miami, Florida on Tuesday, June 11, 2024 at 2:00 p.m. ET. To access the live webcast, please visit the Events & Presentations page within the Investors & Media section of the company’s website at https://ir.springworkstx.com. A replay of the webcast will be available on SpringWorks’ website for a limited time following the conference. About SpringWorks Therapeutics SpringWorks is a commercial-stage biopharmaceutical company applying a precision medicine approach to developing and delivering...

Fireweed Launches Largest Regional Exploration Campaign at Macpass

Written by Customer Service on June 5, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, June 05, 2024 (GLOBE NEWSWIRE) — FIREWEED METALS CORP. (“Fireweed” or the “Company”) (TSXV: FWZ; OTCQX: FWEDF) is pleased to report the launch of the largest regional program at Macpass aiming to unlock the 977 km2 district-level potential and develop new targets to drill-ready state. A 14,000+ metre drill program using four diamond drill rigs will have 8,000 m allocated to step out holes at Tom, Jason, and Boundary, while 6,000 m will test new targets at Macpass as part of the regional program. Objectives of the 2024 program are drilling new discoveries from target-rich regional exploration, and high-potential step out drilling from known zones at Macpass. CEO Statement Peter Hemstead, Interim CEO, stated “We are excited to commence the largest regional exploration program Macpass has ever seen. Comprising...

Ollie’s Bargain Outlet Announces Executive Promotions and Appointments as Part of Anticipated Leadership Succession

Written by Customer Service on June 5, 2024. Posted in Public Companies.

John Swygert to Transition to Executive Chairman in Early 2025 Eric van der Valk Promoted to President and Will Become CEO in Early 2025 Robert Helm Promoted to Executive Vice President Chris Zender Appointed to Executive Vice President and Chief Operating Officer HARRISBURG, Pa., June 05, 2024 (GLOBE NEWSWIRE) — Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (“Ollie’s” or the “Company”) today announced a number of executive promotions, appointments, and anticipated changes as part of the Company’s succession plan, including:The transition of John Swygert to Executive Chairman in early 2025 The promotion of Eric van der Valk to the role of President, effective immediately, and to Chief Executive Officer in early 2025 The promotion of Robert Helm to Executive Vice President, effective immediately The hiring and appointment...

Day: June 5, 2024

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