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Month: September 2024

Kinross to provide an update on the Great Bear project

TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) will release its Preliminary Economic Assessment for Great Bear followed by a virtual presentation and question and answer session on Tuesday, September 10, 2024 at 9 a.m. EDT. The presentation will be accessible via audio webcast on www.kinross.com, where it will be archived. Great Bear Technical Presentation details To access the call, please dial: Webcast Link: https://meetings.lumiconnect.com/400-478-546-594 Canada & US toll-free: 1-866-613-0812Outside of Canada & US: 647-694-2812 Replay (available 30 days after the call): Canada & US toll-free: 1 (877) 454-9859 Outside of Canada & US: (647) 483-1416 Passcode: 4887947 You may also access the conference call on a listen-only basis via webcast at our website...

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Water Ways Reports Q2 2024 Financial Results

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces the filing of its Interim Financial Statements (the “Statements“) and Managements Discussion and Analysis (the “MD&A“) for the three months period ended June 30, 2024. A comprehensive discussion of Water Ways’ financial position and results of operations is provided in the MD&A, filed on SEDAR (www.sedarplus.ca) Mr. Ohad Haber, CEO and Chairman of the Board of Water Ways states: “The second quarter of 2024 shows a continuation...

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Major Drilling Announces First Quarter 2025 Results

MONCTON, New Brunswick, Sept. 04, 2024 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, today reported results for the first quarter of fiscal 2025, ended July 31, 2024.  Quarterly Highlights:Revenue of $190.0 million, an increase of 13.1% from revenue reported in Q4 of fiscal 2024, down 4.5% compared to the same period last year. Revenue from seniors and intermediates up 7% year-over-year, while junior funding remains limited. EBITDA(1) of $34.3 million (or $0.42 per share), down from $40.3 million for the same period last year. Net earnings of $15.9 million (or $0.19 per share), down from $21.8 million (or $0.26 per share) for the same period last year. $15 million strategic investment in technology...

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17 Education & Technology Group Inc. Announces Second Quarter 2024 Unaudited Financial Results

BEIJING, Sept. 05, 2024 (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2024. Second Quarter 2024 Highlights1Net revenues were RMB67.5 million (US$9.3 million), compared with net revenues of RMB69.2 million in the second quarter of 2023. Gross margin was 16.0%, compared with 48.3% in the second quarter of 2023. Net loss was RMB55.7 million (US$7.7 million), compared with net loss of RMB47.9 million in the second quarter of 2023. Net loss as a percentage of net revenues was negative 82.5% in the second quarter of 2024, compared with negative 69.2% in the second quarter of 2023. Adjusted net loss2 (non-GAAP), which excluded share-based compensation expenses...

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Descartes Announces Fiscal 2025 Second Quarter Financial Results

Record Revenues and Income from Operations WATERLOO, Ontario and ATLANTA, Sept. 04, 2024 (GLOBE NEWSWIRE) — The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX) announced its financial results for its fiscal 2025 second quarter (Q2FY25). All financial results referenced are in United States (US) currency and, unless otherwise indicated, are determined in accordance with US Generally Accepted Accounting Principles (GAAP). “Our Global Logistics Network is designed to help shippers, carriers and logistics services providers navigate an increasingly complex global trade landscape,” said Edward J. Ryan, Descartes’ CEO. “Supply chains and logistics operations continue to struggle to manage a myriad of factors, including military conflicts, disruptions to trade routes, government sanctions, economic impact on shipping demand...

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Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Third Quarter Common Stock Distribution of $0.1301 Per Share

TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) — Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1301 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock or in cash by specific stockholder election, is to be paid on September 30, 2024 to stockholders of record at the close of business on September 16, 2024 (ex-dividend on September 16, 2024). The price of shares issued for reinvestment will be determined on September 23, 2024. The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 6% of the rolling average of the prior four calendar quarter-end net asset values (“NAVs”), with the fourth quarter distribution being the greater...

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Power REIT Receives Notice of Non-Compliance with NYSE American Continued Listing Standards

Old Bethpage, New York, Sept. 04, 2024 (GLOBE NEWSWIRE) — Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”), today announced that on September 3, 2024, Power REIT (the “Trust”) received a written notice from the NYSE Regulation (the “NYSE Notice”) of NYSE American LLC (the “Exchange”) stating that the Trust is not in compliance with the continued listing standards of the Exchange because the Trust is below compliance with Section 1003(a)(i) of the NYSE American Company Guide (the “Company Guide”), requiring a stockholders’ equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, as a result of the Trust’s reported stockholders’ equity of $322,626 at June 30, 2024 and losses from continuing operations and/or net losses in...

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Globalink Investment Inc. Announces Extension of the Deadline to Complete a Business Combination to October 9, 2024

New York, NY, Sept. 04, 2024 (GLOBE NEWSWIRE) — Globalink Investment Inc. (Nasdaq: GLLI, GLLIW, GLLIR, GLLIU) (“Globalink” or the “Company”), a special purpose acquisition company, announced today that on September 4, 2024, it caused to be deposited $60,000 (the “Extension Payment”) into its trust account (the “Trust Account”) with Continental Stock Transfer and Trust Company (“Continental”) to extend the deadline to complete its initial business combination from September 9, 2024 to October 9, 2024. The extension is the fifteenth extension since the consummation of the Company’s initial public offering on December 9, 2021, and the tenth of twelve extensions permitted under the Company’s governing documents currently in effect. About Globalink Investment Inc. Globalink is a blank check company formed for the purpose of effecting...

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Correction – Ensurge Micropower ASA – Subscription Rights Exercise and Employee Share Purchase Plan

Reference is made to Ensurge Micropower ASA’s (the “Company”) announcement on 2 September 2024 regarding a subscription rights exercise and the issuance of shares under the 2024 Employee Share Purchase Plan (2024 ESPP).  By inadvertence, the announcement contained some minor errors in the number of new shares and the share capital following the share issue under the 2024 ESPP.  The number of new shares issued under the 2024 ESPP is 2,216,074 and, upon registration of the share capital increases associated with the exercise of incentive subscription rights and the issuance of ESPP shares in the Norwegian Register of Business Enterprises, the Company’s share capital will be NOK 311,113,173 divided into 622,226,346 shares, each having a par value of NOK 0.50.  Ensurge Micropower ASA 2024 ESPP  The ESPP is available on the Company’s...

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Ryman Hospitality Properties, Inc. Declares Third Quarter Dividend and Corrects Methodology for Calculating Funds from Operations (“FFO”) per Diluted Share and Adjusted FFO per Diluted Share

Results in Slightly Higher FFO per Diluted Share and Adjusted FFO per Diluted Share for Affected Periods NASHVILLE, Tenn., Sept. 04, 2024 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”), today announced that the Board of Directors has authorized, and the Company has declared, a third quarter cash dividend of $1.10 per share of common stock, to be paid on October 15, 2024, to stockholders of record as of September 30, 2024. In addition, the Company is posting on its website certain information reflecting a corrected methodology used for calculating funds from operations available to common stockholders and unit holders per diluted share/unit (“FFO per diluted share”) and adjusted funds from operations available to common stockholders and unit holders per diluted share/unit (“adjusted FFO per diluted...

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