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Day: January 1, 2025

Cygnus and Doré Copper Complete Merger

Results from recent copper exploration program expected early in new year TORONTO, Jan. 01, 2025 (GLOBE NEWSWIRE) — HIGHLIGHTS:ASX-listed Cygnus and TSXV-listed Doré have completed a merger by way of a Canadian statutory plan of arrangement, with Cygnus acquiring 100% of the issued and outstanding common shares of Doré Merger of equals has created a dual-listed Quebec-focused critical minerals company with two core assets in Quebec: the Chibougamau Copper and Gold Project, and the James Bay Lithium Projects The merged entity has more than A$14m in cash, underpinning the upcoming copper exploration and resource extension program The six-member board is now led by David Southam as Executive Chair; with Ernest Mast as President & Managing Director based in Canada During the period leading up to the closing of the merger, Doré...

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Weebit Nano licenses its ReRAM technology to onsemi

License continues the proliferation of Weebit’s innovative non-volatile memory technology HOD HASHARON, Israel, Jan. 01, 2025 (GLOBE NEWSWIRE) — Weebit Nano Limited (ASX:WBT) (Weebit or Company), a leading developer and licensor of advanced memory technologies for the global semiconductor industry, has licensed its resistive random access memory (ReRAM) technology to tier-1 semiconductor supplier, onsemi (Nasdaq:ON). Under the terms of the agreement, Weebit ReRAM IP will be integrated into onsemi’s Treo platform, to provide embedded non-volatile memory (NVM). Weebit ReRAM integration into a Bipolar CMOS, DMOS (BCD) process provides a low-power, cost-effective NVM that has proven excellent retention at high temperatures. Coby Hanoch, CEO of Weebit Nano, said: “We are delighted to announce Weebit’s latest commercial agreement with...

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HUTCHMED Announces US$608 million Divestment of Non-Core Joint Venture

— HUTCHMED continues to deliver on its strategy outlined in November 2022 to create value, prioritize its portfolio and bring innovative medicines to patients globally — — Divestment proceeds to advance HUTCHMED’s pipeline and core innovative medicines business — — Focused R&D investment includes HUTCHMED’s proprietary antibody-targeted therapy conjugate platform, with first candidates expected to enter clinical trials in the second half of 2025 — HONG KONG and SHANGHAI and FLORHAM PARK, N.J., Jan. 01, 2025 (GLOBE NEWSWIRE) — HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq/AIM:HCM; HKEX:13) announces that it has entered into two agreements to divest its 45% equity interest in Shanghai Hutchison Pharmaceuticals Limited (“SHPL”) for approximately US$608 million (RMB4,478 million) in cash, to GP Health Service Capital Co., Ltd...

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NIO Inc. Provides December, Fourth Quarter and Full Year 2024 Delivery Update

Company Achieved New Record-High Monthly and Quarterly Deliveries31,138 vehicles were delivered in December 2024, increasing by 72.9% year-over-year 72,689 vehicles were delivered in the three months ended December 2024, increasing by 45.2% year-over-year 221,970 vehicles were delivered in 2024 in total, increasing by 38.7% year-over-year Cumulative deliveries reached 671,564 as of December 31, 2024  SHANGHAI, China, Jan. 01, 2025 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its December, fourth quarter and full year 2024 delivery results. The Company delivered 31,138 vehicles in December 2024, a new monthly high, representing an increase of 72.9% year-over-year. The deliveries consisted of...

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XPENG Announces Vehicle Delivery Results for December and Fourth Quarter 2024

36,695 units delivered in December 2024, an 82% increase year-over-year MONA M03 surpassed 10,000 deliveries for fourth consecutive month 91,507 units delivered in Q4 2024, a 52% increase year-over-year, exceeding upper end of quarterly guidance range for Q4 190,068 units delivered for the full year 2024, a 34% increase year-over-yearGUANGZHOU, China, Jan. 01, 2025 (GLOBE NEWSWIRE) — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its vehicle delivery results for December and the fourth quarter 2024. In December 2024, XPENG delivered 36,695 Smart EVs, representing an 82% increase year-over-year and a 19% increase over the prior month, with deliveries of XPENG MONA M03 and XPENG P7+ exceeding 15,000 and 10,000 units respectively....

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Li Auto Inc. December 2024 Delivery Update

BEIJING, China, Jan. 01, 2025 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 58,513 vehicles in December 2024, reflecting a 16.2% year-over-year increase. Total deliveries for the full year of 2024 reached 500,508 vehicles, bringing the Company’s cumulative deliveries to 1,133,872. Li Auto’s December delivery represents a new monthly high. With this milestone, the Company has achieved annual deliveries of over 500,000 vehicles within just five years since its first delivery, setting the record for the fastest growth among premium auto brands in the Chinese market. The Company’s smart assistant, Li Xiang Tong Xue, is now available for download on mobile devices, extending the benefits of its intelligent capabilities...

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Urgently Announces Short-Term Extensions of Term Loans

Extensions support business growth initiatives and capital structure improvement VIENNA, Va., Dec. 31, 2024 (GLOBE NEWSWIRE) — Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders on a short-term extension to its term loan agreements while it continues to work toward longer-term extensions. Urgently has agreed with its first lien lenders, among other things, to permit the partial prepayment of its first lien term loans in an aggregate principal amount equal to $3 million, together with certain fees applicable thereto, and to a short-term extension of the maturity date of such term loans until February 1, 2025. Urgently has agreed with its second lien lenders, among other things,...

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Regenx Announces Non-Brokered Financing for Gross Proceeds of $503,423

EDMONTON, Alberta, Dec. 31, 2024 (GLOBE NEWSWIRE) — Regenx Tech Corp., (the “Company” or “Regenx“) (TSXV: RGX) (OTCQB: RGXTF) (FSE: YRS WKN: A2DSW3) announces the Company has received unsecured and non-brokered financing for gross proceeds of $503,423 in Debenture Financing. The debentures will bear interest at the rate of 15% per annum. The Subscriber will also be issued 500 warrants for each $1,000 Debenture. Each warrant allows the Subscriber to purchase a common share of the Corporation for $0.05 per share if exercised prior to the expiry date of October 30, 2025. The Corporation can redeem the Debentures at any time upon 10 days prior written notice. The Company intends to use the proceeds to support operations, and general working capital. About Regenx Regenx Tech is a cleantech, urban mining company...

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Liberty Announces Accelerated Expiry of Warrants

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia and WILMINGTON, Mass., Dec. 31, 2024 (GLOBE NEWSWIRE) — Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, announces that it has elected to exercise its acceleration right for all 12,500,000 common share purchase warrants of the Company (the “Warrants”) issued on December 19, 2024 pursuant to a private placement. Each Warrant is exercisable to acquire one common share of the Company (“Common Share”) at an exercise price of $0.55 per Common Share. Pursuant to the terms of the Warrants, the Company may accelerate the expiry date of the Warrants at any time following the...

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