Month: August 2024

JACKSONVILLE, Fla., Aug. 22, 2024 (GLOBE NEWSWIRE) — CSX (NASDAQ: CSX) today announced it has secured new five-year tentative collective bargaining agreements with the International Association of Sheet Metal, Air, Rail and Transportation Workers – Mechanical Division (SMART-MD) and the American Train Dispatchers Association (ATDA). “We are continually listening to our valued front-line employees about what is needed to make positive and impactful improvements to our work environment. Their well-being is critical to our company’s success, and we are proud to get these deals done ahead of schedule,” said Joe Hinrichs, president and chief executive officer. “We remain committed to working with our other labor partners to secure the timely agreements that all of our employees deserve for their hard work and dedication. Together, we...

TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) and McEwen Copper Inc. are pleased to announce their participation in Fastmarkets’ “Argentina: An emerging powerhouse for copper and lithium” webinar and in three upcoming industry conferences. In the Fastmarkets webinar (available here), McEwen Mining’s CEO and Chief Owner Rob McEwen participated in a panel discussion exploring Argentina’s vast copper and lithium reserves and how these resources are positioning the country as a pivotal player in the global energy transition.  For the upcoming conferences, Rob McEwen will be joined by Michael Meding, Vice President and General Manager of McEwen Copper. Rob McEwen will provide insights into McEwen Mining’s projects and operations, while Michael Meding will present on the Los Azules copper project.Jefferies...

TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) is excited to announce the creation of its new Oilfield Services Division at its wholly owned subsidiary, Lewis Energy Colombia, Inc. (“LEC”). Distinct from most other E&P companies, LEC owns and operates three rigs – two drilling and one workover – capable of executing a wide range of well services, including new exploration and development wells. “LEC is a one-of-a-kind operator with the equipment, personnel and expertise to offer turnkey drilling and workover solutions,” said Pablo Navarro, Chairman and Chief Executive Officer of LNG Energy Group. “Through the creation and deployment of the Oilfield Services Division, LEC will not only generate another revenue stream,...

Following Order by Minister of Labour, CN Resumes Train Movements MONTREAL, Aug. 22, 2024 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that effective 18:00 ET, it ended its lock out and immediately initiated its recovery plan. As CN awaits the formal order from the Canada Industrial Relations Board (CIRB), the Company is making this decision to expedite the recovery of the economy. While CN is satisfied that this labour conflict has ended and that it can get back to its role of powering the economy, the Company is disappointed that a negotiated deal could not be achieved at the bargaining table despite its best efforts. CN Forward-Looking Statements Certain statements by CN included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation...

LOS ANGELES, Aug. 22, 2024 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ:RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as “the Company,” announced that on August 21, 2024, the Federal Deposit Insurance Corporation (the “FDIC”) and the California Department of Financial Protection and Innovation (the “DFPI”) terminated the Consent Order issued to the Bank that was effective October 25, 2023. The termination of the Consent Order follows the Bank’s successful resolution of the deficiencies in the Bank’s Anti-Money Laundering/Countering the Financing of Terrorism (“BSA/CFT”) compliance program that was the subject of the order. “We are very pleased to announce the satisfactory resolution and termination of the Consent Order. Our directors and staff worked...

RYE, N.Y., Aug. 22, 2024 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Utility Trust (NYSE: GUT) (the “Fund”) has approved a transferable rights offering which will allow the Fund’s record date common shareholders to acquire additional common shares (the “Offering”). The Offering will be made only by means of a prospectus supplement and accompanying prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities. SUMMARY OF THE TERMS OF THE OFFERINGEach shareholder will receive one transferable right (the “Right”) for each common share held on the record date (September 9, 2024). The number of Rights to be issued to a shareholder as of the close of business on the record date will be rounded up to the nearest number of Rights evenly divisible...

From July to mid-August sensor and sensor-related purchase orders total approximately $800,000 WICHITA, Kan., Aug. 22, 2024 (GLOBE NEWSWIRE) — AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an ​industry-leading​ provider of full stack flight hardware, sensors and software for commercial and government use, announces the Company has received numerous purchase orders totaling approximately $800,000 of sensors and sensor-related accessories through its network of Value Added Resellers (“VAR”) from July 1, 2024 to Aug 15, 2024, of which approximately $600,000 has shipped to date. The Company received purchase orders for 87 sensors, including RedEdge-P, Altum-PT and RedEdge-P dual sensors and a variety of accessories, of which 67 sensors have shipped to date. Bill Irby, AgEagle President, stated, “We...

JACKSON, Wyo., Aug. 22, 2024 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (“BEN”) (Nasdaq: BNAI), an emerging provider of safe and secure customer engagement AI, today announced the promotion of Paul Chang to CEO. In his new role, Paul’s unique expertise, and his long-term experience on BEN’s leadership team, will enable a seamless continuation of operations and execution of the company’s ongoing strategy. With Chang’s promotion, BEN Co-CEO Michael Zacharski will step down from his position with the company. “I am excited and grateful for this opportunity to lead BEN through its next stage of growth,” said Paul Chang, CEO of BEN. “As we carry on our goal of elevating customer experiences and engagements with AI assistant technology, BEN is well positioned to continue pursuing strategic initiatives and partnerships that scale...

CALGARY, Alberta, Aug. 22, 2024 (GLOBE NEWSWIRE) — TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any part of the currently outstanding cumulative redeemable rate reset first preferred shares Series G (“Series G Shares”) (TSX: TA.PR.J) on September 30, 2024 (the “Conversion Date”). As a result, the holders of the Series G Shares will have the right to convert all or any of their Series G Shares into cumulative redeemable floating rate first preferred shares Series H of the Company (“Series H Shares”) on the basis of one Series H Share for each Series G Share on the Conversion Date subject to the terms and conditions of the Series G Shares, including those described in the prospectus supplement dated August 8, 2014 relating...