Day: August 21, 2024

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) — Xanadu Mines Ltd (ASX: XAM, TSX: XAM) (Xanadu, XAM or the Company) is pleased to report an increase in the Mineral Resource Estimate (Resource, Mineral Resource Estimate or MRE) for its flagship copper-gold project at Kharmagtai, in the South Gobi region of Mongolia (Figure 1 and Table 1). The updated Resource increases contained copper metal by 14% or 463kt Cu and contained gold by 9% or 764k Oz Au and is largely driven by updating the resource reporting criteria to reflect pit-shells generated in the pre-feasibility study (PFS) in conjunction with re-estimation of the underlying models to include 7,300m of new drilling completed in six holes at White Hill and five diamond drill holes at Golden Eagle. HighlightsSignificant increase in Kharmagtai Resource from 3.4Mt to 3.8Mt Cu and from...

TORONTO, Aug. 21, 2024 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) (“FTG” or the “Corporation”) today announced the acceptance by the Toronto Stock Exchange (the “TSX”) of FTG’s Notice of Intention to make a Normal Course Issuer Bid (“NCIB”), renewing the NCIB that expired in June 2024. Pursuant to the NCIB, FTG is authorized to purchase through the facilities of the TSX, from time to time over the next 12 months, if considered advisable, up to an aggregate of 1,193,740 common shares of the Corporation (“Common Shares”), being approximately 5% of its Common Shares outstanding as of August 14, 2024. As of August 14, 2024, 23,874,802 Common Shares of the Corporation were issued and outstanding. Purchases may commence through the TSX on August 26, 2024 and will conclude on the earlier of the date on which purchases...

EMERYVILLE, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) — NMI Holdings, Inc., (Nasdaq:NMIH), the parent company of National Mortgage Insurance Corporation (National MI), today provided guidance on its capital position under the revised Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024. As previously disclosed, at June 30, 2024, National MI had PMIERs total available assets of $2,828 million, compared to risk-based required assets of $1,652 million, with $1,176 million of excess funding capacity.  Under the revised PMIERs framework the company estimates that its total available assets would have been $2,800 million and its risk-based required assets would have been $1,656 million as of June 30, 2024, with...

RALEIGH, N.C., Aug. 21, 2024 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026. “The changes to the PMIERs requirements, which were developed in collaboration with the GSEs and FHFA, will further strengthen the risk-based capital framework for the private mortgage insurance industry. Enact remains well positioned for continued prudent capital sufficiency in excess of these requirements while continuing to execute on our capital allocation strategy,” said Rohit...

Saskatoon, SK., Aug. 21, 2024 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced that it has closed its previously announced offering of 16,666,666 units of the Company, with each unit consisting of one common share (or one pre-funded warrant to purchase one common share in lieu thereof) and one warrant to purchase one common share. Each unit was sold at a public offering price of US$0.12, for gross proceeds of approximately US$2.0 million (the “Offering”), before deducting underwriting discounts and offering expenses. The warrants have an exercise price of US$0.15 (CA$0.2048) per share, are exercisable immediately and will expire five years following the date of issuance and the exercise price is in Canadian currency. Maxim...

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES CARLSBAD, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) — Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSXV: ASG) (OTCQB: ASAPF), a leader in spine and interventional spine technology that improves spinal surgery outcomes, today announced its financial results for second quarter ended June 30, 2024. All figures are in U.S. dollars. Financial and Business HighlightsContinued Positive EBITDAC – Q2 2024 EBITDAC was $105,522 as compared to ($163,660) in Q2 2023, an improvement of $269,182. This marks the fourth consecutive quarter of positive EBITDAC, underscoring Aurora Spine’s consistent profitability.Robust Sales Growth – Q2 2024 sales of $4,079,543, represents an Increase of $510,960 or 14.3% compared to sales of $3,568,583 in the same period...