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Day: January 22, 2025

Martin Marietta Announces Fourth-Quarter and Full-Year 2024 Earnings Conference Call

RALEIGH, N.C., Jan. 22, 2025 (GLOBE NEWSWIRE) — Martin Marietta Materials, Inc. (NYSE:MLM) (“Martin Marietta” or the “Company”) will host its fourth-quarter and full-year 2024 earnings conference call on Wednesday, February 12, 2025, at 10:00 a.m. Eastern Time. The Company will release results for the quarter and year ended December 31, 2024, that morning before the market opens. A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company’s website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 307-1963 and using conference ID 1803722. Please dial in at least 15 minutes in advance to ensure a timely connection to the call. An on-demand replay will be available on the Company’s website approximately two hours following the conclusion...

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Cygnus’ first drill hole returns up to 9.1% Cu outside Resource

The outstanding intersection of 7.3m at 4.2% Cu reveals a potential new lode ~250m from the main deposit; Follow-up downhole EM identifies a large off-hole conductor; Two diamond drill rigs currently on site HIGHLIGHTS:High-grade result of 7.3m @ 4.2% Cu, 0.3g/t Au & 16.6g/t Ag from 317.8mIncluding 2.5m @ 9.1% Cu, 0.5g/t Au & 31.4g/t AgThe result reveals a potential new lode ~250m from Corner Bay, which is the primary deposit at the Chibougamau Project; Corner Bay has Indicated Mineral Resources of 2.7Mt at 2.7% Cu & 0.3g/t Au and Inferred Mineral Resources of 5.9Mt at 3.4% Cu & 0.3g/t Au1 The recent intersection is associated with a significant off hole electromagnetic anomaly (530m x 460m) which has not yet been drilled The result highlights the potential for multiple sub-parallel lodes at Corner Bay analogous...

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Purpose Investments Inc. Announces 2024 Final Annual Income Distribution for Purpose Specialty Lending Trust

TORONTO, Jan. 22, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the final annual distributions of income for Purpose Specialty Lending Trust. Details of the per unit distribution amounts are as follows:Purpose Mutual Fund Trusts Ticker Symbol CUSIP Final Annual Distribution Per Unit Distribution Type (Cash or Notional)Purpose Specialty Lending Trust – Class A Units Unlisted 74642K104 $ 0.2350 NotionalPurpose Specialty Lending Trust – Class F Units Unlisted 74642K203 $ 0.2430 NotionalPurpose Specialty Lending Trust – Class A-1 (Series 2) Units Unlisted 74642K401 $ 0.2720 NotionalPurpose Specialty Lending Trust – Class F Units (Series 3) Unlisted 74642K500 $ 0.2820 NotionalPurpose Specialty Lending Trust – Class U Units Unlisted 74642K302 US $ 0.3220 Notional         Subsequent...

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Columbus Acquisition Corp Announces Pricing of $60 Million Initial Public Offering

New York, Jan. 22, 2025 (GLOBE NEWSWIRE) — Columbus Acquisition Corp (the “Company”), a blank check company incorporated in the Cayman Islands, today announced the pricing of its initial public offering of 6,000,000 units at a price of $10.00 per unit. Each unit consists of one ordinary share and one right to receive one-seventh of one ordinary share upon consummation of an initial business combination. The units are expected to trade on The Nasdaq Global Market (“NASDAQ”) under the ticker symbol “COLAU” beginning January 23, 2025. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols “COLA” and “COLAR,” respectively. The offering is expected to close on January 24, 2025, subject to customary closing conditions. The Company has granted...

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Northfield Bancorp, Inc. Announces Fourth Quarter and Year End 2024 Results

NOTABLE ITEMS FOR THE QUARTER:DILUTED EARNINGS PER SHARE OF $0.27 FOR THE FOURTH QUARTER OF 2024, COMPARED TO $0.16 FOR THE TRAILING QUARTER, AND $0.19 FOR THE FOURTH QUARTER OF 2023.Fourth Quarter 2024 results included a gain of $0.06 per share on the sale and consolidation of a Staten Island branch in December 2024.NET INTEREST MARGIN INCREASED BY 10 BASIS POINTS TO 2.18% FOR THE CURRENT QUARTER, AS COMPARED TO 2.08% FOR THE TRAILING QUARTER. THE AVERAGE COST OF INTEREST-BEARING LIABILITIES DECREASED 10 BASIS POINTS TO 2.85% FOR THE CURRENT QUARTER AS COMPARED TO 2.95% FOR THE TRAILING QUARTER. DEPOSITS (EXCLUDING BROKERED) INCREASED BY $81.6 MILLION, OR 8.6% ANNUALIZED, COMPARED TO SEPTEMBER 30, 2024, AND INCREASED $96.6 MILLION, OR 2.6%, FROM DECEMBER 31, 2023. COST OF DEPOSITS (EXCLUDING BROKERED) AT DECEMBER 31, 2024 WAS...

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Currency Exchange International Announces a 4% Increase in Revenue for the Year Ended October 31, 2024 over the Prior Year

TORONTO, Jan. 22, 2025 (GLOBE NEWSWIRE) — Currency Exchange International, Corp. (the “Group” or “CXI”) (TSX: CXI; OTC: CURN), today reported net income of $2.5 million for the year ended October 31, 2024, $7.7 million, or 76% lower than the prior year (all figures are in U.S. dollars except where otherwise indicated). This 2024 reported net income reflected $13.3 million net income in the United States and a net loss of $10.8 million in Canada. These years’ results include several non-recurring charges in Canada totaling $7.7 million. Excluding these items, adjusted net income1 remained flat compared to the prior year and adjusted diluted earnings per share1 (“EPS”) was 3% higher than the prior year. The completed consolidated financial statements and management’s discussion and analysis (“MD&A”) can be found on the Group’s...

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Aurora Spine Announces Leadership Promotions: Matt Paxton, Executive Vice President of Sales and Katelyn Sims, Area Vice President of Commercialization and Key Accounts

CARLSBAD, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSXV: ASG) (OTCQB: ASAPF), a designer and manufacturer of innovative medical devices that improve spinal surgery outcomes, today announced the promotion of Matt Paxton to Executive Vice President of Sales and Katelyn Sims to Area Vice President of Commercialization and Key Accounts. These strategic appointments underscore Aurora Spine’s commitment to developing world-class talent. Both Matt and Katelyn’s commitment to excellence, innovation, and delivering exceptional patient outcomes have been the cornerstone of their success. Mr. Paxton and Ms. Sims embody Aurora Spine’s purpose-driven mentality, bringing a relentless focus on innovation and patient-centric care to their new roles. Through their dedication and hard work,...

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Mullen Receives Expected Nasdaq Notice Regarding Delayed Form 10-K

Company expects to file 10-K on or before Jan. 31, 2025 BREA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — via IBN — Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle manufacturer, today announces that it received an expected notice (the “Notice”) from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2024 (the “Form 10-K”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”). The Notice has no immediate effect on the listing or trading of the Company’s common...

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Farmers & Merchants Bancorp (FMCB) Reports Record Fourth Quarter and Full Year 2024 Financial Results

Full Year 2024 HighlightsRecord full year net income of $88.5 million, or $121.02 per share, up from $116.61 per share from the prior year; resulting in an increase of 3.78%; Record fourth quarter net income of $21.8 million, or $31.11 per share; up from $21.4 million, or $28.55 per share in the fourth quarter 2023; Net interest margin of 4.05%; loan yield of 6.08% and cost of average total deposits of 1.35%; Effective management of operating expenses with an efficiency ratio of 46.24%; Achieved return on average assets of 1.64% and return on average equity of 15.49%; Total assets at year-end grew slightly to $5.37 billion from $5.31 billion; Loans and leases held for investment and total deposits both grew modestly during 2024; year-end balances were $3.69 billion and $4.70 billion, respectively; Strong liquidity position with $212.6...

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Stran & Company Announces Completed Restatements of Financial Results for the 2022 and 2023 Fiscal Years

QUINCY, Mass., Jan. 22, 2025 (GLOBE NEWSWIRE) — Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today announced the filing of its restated financial results for fiscal years 2022 and 2023. Andy Shape, President and CEO of Stran, commented, “Over the past several months, we have been highly focused on completing the required restatement of our financial statements. Our focus has now shifted to the preparation and subsequent completion of our interim financial results. We appreciate the patience and support of our shareholders during this process.” “Our business fundamentals remain strong, and we have achieved significant milestones in 2024. Throughout...

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