Year: 2024

VANCOUVER, British Columbia, Dec. 11, 2024 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or “the Company”) today releases its updated Mineral Reserve and Mineral Resource (“MRMR”) estimates as of September 30, 2024. “Our updated Mineral Reserves estimate provides a solid foundation and underpins our production profile over the next decade and beyond,” said George Burns, President and CEO. “We were pleased to increase our Mineral Reserves by approximately 2% overall, driven by increases at the Lamaque Complex and Efemcukuru that extends Reserve mine life significantly and complements our already long mine life assets at Skouries, Kisladag and Olympias. The Lamaque Complex Mineral Reserve increased by 45%, driven primarily by the declaration of an Inaugural Mineral Reserve at Ormaque of 619 thousand ounces. This follows...

Not for distribution to U.S. newswire services or dissemination in the United States TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) — NexGold Mining Corp. (“NexGold”) (TSXV: NEXG; OTCQX: NXGCF) and Signal Gold Inc. (“Signal Gold”) (TSX: SGNL; OTCQB: SGNLF) are pleased to announce that, further to the companies’ joint news releases dated October 10, 2024, October 23, 2024 and November 6, 2024, Signal Gold has exercised its upsize option and on December 10, 2024 closed an additional tranche (“Tranche 2”) of its previously announced oversubscribed concurrent financing of subscription receipts (“Hard Dollar Financing”). Tranche 2 consisted of an issuance of an aggregate of 3,044,228 subscription receipts (“Subscription Receipts”) at a price of $0.08705 per Subscription Receipt, for gross proceeds of $265,000.05. Together with the first tranche...

ACHESON, Alberta, Dec. 11, 2024 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced that the MacKellar Group (“MacKellar”) has been awarded an early works and development contract by a major copper producer in the Australian state of New South Wales. The project involves a wide range of production-related activities required for mining but is primarily based on the establishment of site infrastructure in a new mining area, initial overburden removal, and the closure of a previously used reclamation facility. The award of this project, expected to generate approximately $100 million in revenue, is from a new customer based in New South Wales, a region that is also new to MacKellar, reflecting our objective of geographic and customer diversification. The project...

TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) — Jade Power Trust (“Jade Power” or the “Trust”) (TSXV:JPWR.H) is pleased to announce the results of its Annual and Special Meeting of unitholders (the “Meeting“), held on December 4, 2024. All items of business were approved by the unitholders at the Meeting, namely:Incumbent directors David Barclay, Christopher MacIntyre and William C. Steers were re-elected as directors of Jade Power Administrator Inc., the corporate administrator of the Trust (the “Administrator”);Unitholders appointed BDO Canada LLP as auditor of the Trust for the upcoming year and authorized the directors of the Administrator to fix the remuneration of the auditor;Unitholders approved the Trust’s adoption of a new trust unit option plan (the “Option Plan”), which is described in the information circular...

Luxembourg – 11 December 2024 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial1 contract for a subsea tieback development in the US Gulf of Mexico. Subsea7’s scope of work includes the engineering, procurement, construction, and installation (EPCI) of subsea equipment, including structures, umbilicals, production risers, and flowlines. Project management and engineering work will start immediately at Subsea7’s office in Houston, Texas, with offshore activities expected to begin in 2026. Craig Broussard, Senior Vice President of Subsea7 Gulf of Mexico, said, “We are proud to be part of this high-pressure deepwater subsea tieback development. This project builds on our strong track record of successfully delivering oil and gas projects in the deepwater Gulf of Mexico.”Subsea7 defines...

NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ: VLY) (“Valley”), the holding company for Valley National Bank (the “Bank”), announced that Thomas A. Iadanza has notified the Company of his intention to retire from his position as President effective June 30, 2025. Mr. Iadanza has led a distinguished 45-year career in banking including over the last 13 years at Valley. In his role as President, Mr. Iadanza has helped to lead Valley’s growth efforts and evolution to a leading regional bank. Mr. Iadanza joined Valley through the 2012 acquisition of State Bancorp, Inc. (“State”) where he served as Chief Lending Officer. Prior to joining State, Mr. Iadanza held leadership roles at Santander Bank, N.A., Independence Community Bank Corp., Citibank, and European American Bank. Ira Robbins, Chairman and Chief...

LONDON, Ontario, Dec. 11, 2024 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21ˢᵗ century, today announced that the underwriters of its underwritten U.S. public offering (the “Offering”) have, for a second time, partially exercised their over-allotment option to purchase an additional 22,470 common shares at the public offering price of US$4.25 per share. After giving effect to the partial exercise of the over-allotment option, the Company sold an aggregate 1,063,647 common shares for gross proceeds of approximately US$4.52 million, before deducting underwriter discounts and other related expenses....