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Year: 2024

Asante Announces Closing of First Tranche of US$100 Million Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 30, 2024 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE: ASE | GSE: ASG | FRANKFURT: 1A9 | U.S.OTC: ASGOF) (“Asante” or the “Company”) is pleased to announce that the Company has closed the first tranche of US$25 million (the “First Tranche Closing”) of the previously announced US$100 million non-brokered private placement (the “Offering”) with the issuance of 22,666,667 common shares. The second and third tranches of the Offering, consisting of US$35 million and US$40 million, are expected to be completed on or about November 14, 2024 and December 5, 2024, respectively. The securities issued under the First Tranche Closing are subject to a hold period expiring four months and one day following the closing date...

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Solidion Develops a Lithium Battery that can be Charged in 5 minutes With Key Newly Granted US Patent

Solidion is granted a key US patent on a Graphene-Enabled Battery Fast-Charging and Cooling System DAYTON, Ohio, Oct. 30, 2024 (GLOBE NEWSWIRE) — Solidion Technology, Inc. (ticker “STI”), an advanced battery technology solutions provider, today announced that its battery scientists have successfully developed a cost-effective strategy for enabling completion of charging in 5 minutes for a wide range of lithium batteries. Range anxiety, the fear that an electric vehicle (EV) may run out of battery power during a trip, has long been regarded as a key reason for consumers’ reluctance to adopt EVs. This issue is exacerbated by the notion that recharging batteries usually takes much longer time than refueling internal combustion engine vehicles (ICEVs). To be competitive with ICEVs, fast charging of EVs should be weather-independent...

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BitFuFu Inc. to Report Third Quarter 2024 Unaudited Financial Results on November 5, 2024

SINGAPORE, Oct. 30, 2024 (GLOBE NEWSWIRE) — BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2024, before U.S. markets open on November 5, 2024. The Company’s management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Tuesday, November 5, 2024 (9:00 P.M. Singapore Time on the same day). All participants must register in advance of the conference call using the link provided below. Upon registration, each participant will receive a confirmation email containing dial-in numbers and a unique access PIN, which will be used to join the conference call. Registration Link: https://register.vevent.com/register/BI75d6d626a29642fbb45424149d63243f Additionally,...

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Grocery Outlet Holding Corp. Announces CEO Transition

Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO Company provides certain preliminary Q3 2024 results and update to full year 2024 guidance EMERYVILLE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) —  Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”) today announced that Eric Lindberg, current Chairman of the Board, has been appointed Interim President and CEO, effective immediately. Lindberg replaces RJ Sheedy, who has stepped down from his position and resigned from the Company’s Board of Directors. The Board has engaged a leading global executive search firm to begin the process of identifying a permanent CEO. With more than three decades of leadership experience at the Company, Lindberg is a Grocery Outlet veteran with a deep knowledge of its operations...

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Axalta Releases Third Quarter 2024 Results

PHILADELPHIA, Oct. 30, 2024 (GLOBE NEWSWIRE) — Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights:Record third quarter net sales of $1.32 billion Net income increased 40% year over year to $102 million; net income margin of 7.7% Record third quarter Adjusted EBITDA of $291 million Adjusted EBITDA margin improved 220 basis points year over year to 22.1% Diluted EPS increased 39% year over year to $0.46 and Adjusted Diluted EPS increased 31% year over year to $0.59 Repurchased $50 million of common sharesThird Quarter 2024 Consolidated Financial Results Third quarter 2024 net sales increased 0.8% year over year to a third quarter company record of $1.32 billion as contribution from...

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Gentherm Reports 2024 Third Quarter Results

Strong Outperformance Over Light Vehicle ProductionSecured Third Quarter Record $600 Million in Automotive New Business AwardsUpdates 2024 Guidance NORTHVILLE, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) — Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced its financial results for the third quarter ending September 30, 2024. Third Quarter HighlightsProduct revenues of $371.5 million increased 1.5% from $366.2 million in the third quarter of 2023. Excluding the impact of foreign currency translation, product revenues increased 1.0% year over year Automotive revenues increased 1.1% year over year; excluding the impact of foreign currency translation, automotive...

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Scilex Pharmaceuticals Inc, a Wholly Owned Subsidiary of Scilex Holding Company, Announces Successful End of Phase II Meeting with FDA Leading to an Agreed Path Forward to NDA Upon Completion of Phase III Trials for Blockbuster Product Candidate, SP-103 (Lidocaine Topical System) 5.4%, a Next-Generation, Triple-Strength Formulation of ZTlido, for the Treatment of Chronic Neck Pain Associated with Muscle Spasms

Successful end of Phase II meeting with FDA leading to an agreed path forward to NDA upon completion of Phase III trials for blockbuster product candidate, SP-103, for the treatment of chronic neck pain associated with muscle spasms. SP-103 (lidocaine topical system) 5.4%, (“SP-103”), a next-generation, triple-strength formulation of ZTlido, for the treatment of chronic neck pain. It is estimated that the U.S. low back and neck pain market will reach $134.5 billion.6 Based on the independent market research conducted by Syneos Health Consulting (“Syneos”), with the substantial intent in utilization for SP-103 with peak sales potential projected to reach $1.2 billion annually in the 6th year post launch. As previously announced that Scilex Holding Company’s Board of Directors has authorized management to explore ways to maximize the value...

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Prairie Provident Announces Management and Board of Director Changes and Drilling Update

CALGARY, Alberta, Oct. 30, 2024 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) announces that Ryan Rawlyk has resigned as President and Chief Executive Officer of Prairie Provident to pursue other interests. In conjunction with Mr. Rawlyk’s resignation, the Company announces the appointment of Dale Miller as Executive Chairman, succeeding Patrick McDonald who has retired as Chairman. Mr. Miller has served as a director of the Company since August 2023 and is a professional engineer with over 40 years of industry experience. As Executive Chairman, Mr. Miller will oversee all activities of Prairie Provident and lead its management team. Prairie Provident is also pleased to announce that Amber Wright has been appointed as Vice President, Operations &...

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Green Hydrogen Systems: Trading statement Q3

Company Announcement October 2024 Green Hydrogen Systems: Trading statement Q3 Highlights  Business  In Q3 2024, Green Hydrogen Systems completed the performance test of the A-Series MK1.1 and delivered the first unit to GeoPura in Nottinghamshire, Ireland. Another A180 unit (MK1.0) was delivered to Ercross in Spain, and two A90 (MK1.0) units were delivered to PRF in Portugal. Revenue totaling DKK 33,7 million was recognised during the quarter. On October 9, Green Hydrogen Systems launched a combined cost-out and restructuring program aimed at reducing production cost for the X-Series by 40-50% and reducing the operational cost base by 40-50% compared to current levels, affecting around 100 employees. Going forward, Green Hydrogen Systems will focus solely on commercialising the X-Series and discontinue new A-Series sales. Green Hydrogen...

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