Month: January 2025

NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated financial markets for over 12,000 U.S. and global securities, today announced a substantial increase in total dollar volume traded across its markets for the year 2024, reaching $478 billion. This represents a notable rise of approximately $95 billion compared to the previous year’s total of $383 billion.1 The significant growth was evident across all key security types on the market throughout 2024, particularly highlighted by a surge in trading of international securities which reached $415 billion – an increase of about $92 billion over last year. Trading activity ramped up notably in Q4 versus Q3 2024 as well, reflecting consistent upward momentum within OTC Markets Group’s offerings driven by robust cross-trading...

FLORHAM PARK, N.J., Jan. 28, 2025 (GLOBE NEWSWIRE) — BeyondSpring Inc. (NASDAQ: BYSI) (“BeyondSpring” or the “Company”), a global clinical-stage biopharmaceutical company developing innovative cancer therapies, today announced that it has entered into definitive agreements to sell a portion of its Series A-1 Preferred Shares of SEED Therapeutics Inc. (“SEED”), a biotechnology company focused on Targeted Protein Degradation (TPD) technology and a subsidiary of the Company, for gross proceeds of approximately $35.4 million. Upon completion of the transactions, BeyondSpring, together with SEED Technology Limited, a majority-owned indirect subsidiary of the Company, is expected to retain approximately 14.4% of SEED’s outstanding shares. Strategic Background and RationaleSince 2016, BeyondSpring has been at the forefront of TPD innovation,...

TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) — Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the commencement of a feasibility level engineering study to build a battery recycling refinery adjacent to its cobalt refinery north of Toronto. The study will build on the technology and expertise accumulated during a year-long black mass recycling trial, whereby Electra produced technical grade lithium and a nickel and cobalt product from end of life lithium batteries. Electra is establishing relationships with North American battery makers, offering a closed-loop partnership to return critical minerals back into the domestic supply chain. Currently, most black mass produced from battery scrap is shipped to Asia for refining, depriving automakers of the ability to control...

OLNEY, Md., Jan. 28, 2025 (GLOBE NEWSWIRE) — Sandy Spring Bancorp, Inc. (Nasdaq-SASR), the parent company of Sandy Spring Bank, reported a net loss of $39.5 million ($0.87 per diluted common share) for the quarter ended December 31, 2024, compared to net income of $16.2 million ($0.36 per diluted common share) for the third quarter of 2024 and $26.1 million ($0.58 per diluted common share) for the fourth quarter of 2023.   The current quarter’s net loss is a result of a $54.4 million goodwill impairment charge determined during our annual goodwill impairment test based on the terms of the merger agreement with Atlantic Union Bankshares Corporation (“AUB”).   The goodwill impairment is a non-cash charge and has no impact on the Company’s regulatory capital ratios, cash flows, core operating performance or...

Large pill size, high pill burden and palatability were identified as key barriers for phosphate binder adherence LOS ALTOS, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) — Unicycive Therapeutics, Inc. (Nasdaq: UNCY), a clinical-stage biotechnology company developing therapies for patients with kidney disease (the “Company” or “Unicycive”), today announced the publication of a review on patient perspectives regarding phosphate management in the peer-reviewed journal, Journal of Nephrological Science. The publication, entitled “Patient Perspectives: The Effects of Contemporary Phosphorus Management on Quality of Life,” examines the challenges of phosphate management therapies from patients’ viewpoints, focusing on the limitations of current phosphate binders and their effect on patients’ quality of life. The publication underscores key...

MONTREAL, Quebec, Jan. 28, 2025 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”), is pleased to announce that it has awarded BBA Inc. (“BBA”) the contract for basic and detailed engineering work for the copper and gold Troilus Project (the “Project”), located in north-central Quebec, Canada. This milestone marks a key advancement on the path to construction. BBA is a leading Canadian engineering consulting firm with over 40 years of experience delivering innovative and sustainable solutions across the mining and natural resources sectors. The firm has played a significant role in the development of some of Canada’s most successful and largest gold operations, including the Canadian Malartic Mine and Detour Lake. Additionally, the firm has a longstanding connection to the Troilus...

CALGARY, Alberta, Jan. 28, 2025 (GLOBE NEWSWIRE) — Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) is pleased to announce that it has successfully applied for and received a US$75 million tax credit allocation to re-purpose a former glass manufacturing site in southern US to produce pattern solar glass (the “US Project”). The Company is also pleased to announce an addition to its board of directors. Tax Credit Allocation To support the development of the US Project, after receiving a letter of encouragement from the US Department of Energy (the “DOE”) in August of 2024, the Company submitted a detailed application to the DOE’s 48C tax credit program in October of 2024. Following a review of the application by the DOE, the Company has received notice from the US Internal Revenue Service accepting the DOE’s recommendation...

Sustained organic revenue and adjusted EBITDA growth forecasted in 2025. Robust free cash flow will support growth and further deleveraging of the balance sheet. Focus on M&A and business development in 2025 in support of 2028 growth goals.REGINA, Saskatchewan, Jan. 28, 2025 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISC) (“ISC”, “we” or the “Company”) today announced its annual guidance and outlook for 2025. Consolidated Annual Guidance 2025 (in millions of Canadian dollars)  Guidance Ranges 2024 Guidance Ranges 2025Revenue $240.0 to $250.0 $257.0 to $267.0Adjusted EBITDA1 $83.0 to $91.0 $89.0 to $97.0Outlook 2025 marks the second year of ISC’s growth plan to again double the size of the Company by 2028, on a similar metrics basis and based on 2023 results. Our guidance for 2025 reflects continued...

ATLANTA, GA., Jan. 28, 2025 (GLOBE NEWSWIRE) — Americold Realty Trust (NYSE: COLD), a global leader in temperature-controlled logistics, real estate, and value-added services focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, today announced plans to develop its first Import-Export Hub in Canada at Port Saint John in New Brunswick. This facility will be the first-of-its-kind globally to bring together Americold warehouse solutions with the maritime logistics capabilities of DP World and the rail logistics solutions of Canadian Pacific Kansas City (TSX:CP) (NYSE:CP) (CPKC). “Developing a state-of-the-art facility in Port Saint John marks an exciting step forward for Americold as the Company expands into a strategically compelling geography serving high-volume international routes,...

SAN DIEGO, CA, Jan. 28, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging electronic payment technology for diverse international markets, has paid the initial tranche of $13.0 million to a securityholder of the Company on January 27, 2025, which completed the following:Redeemed of all shares of the Company’s Series B Convertible Preferred Stock (“Preferred Stock”), for which the liquidation value was $53.1 million. Partially repaid the 8% Senior Convertible Note held by the securityholder (“Note”), reducing the outstanding principal from $18.3 million to $4.0 million, which is due on or before April 30, 2025, and also temporarily suspended (i) the Company’s requirement to pay interest on the remaining principal...