Day: February 18, 2025

Southstone Announces Strategic Diversification With Botswana Uranium Acquisition, While Advancing Oena Diamond Mine

Written by Customer Service on February 18, 2025. Posted in Mergers And Acquisitions.

VICTORIA, British Columbia, Feb. 18, 2025 (GLOBE NEWSWIRE) — Southstone Minerals Limited (“Southstone”) (TSXV – SML) is pleased to announce that it has entered into a binding term sheet (the “Term Sheet”) dated 18 February 2025, with Afrium Energy Pte. Ltd. (“Afrium”), pursuant to which Southstone has agreed to acquire all the issued and outstanding securities of Afrium (the “Acquisition”), an arms-length party, (and collectively with the Concurrent Equity Financing as defined below, the “Transactions”). Afrium, a private Singapore corporation, is the holder of 100% of two private subsidiaries, Afrium Energy Botswana (Pty) Ltd. and Copper Falcon Botswana (Pty) Ltd., which collectively hold three uranium Prospecting Licenses (the “Lekobolo Project” or the “Licenses”) in the Republic of Botswana. Southstone is acquiring a 100% interest...

CVR Energy Reports Fourth Quarter and Full-Year 2024 Results

Written by Customer Service on February 18, 2025. Posted in Earnings Releases And Operating Results.

Reported full-year 2024 net income attributable to CVR Energy stockholders of $7 million and EBITDA of $394 million. Paid cumulative cash dividends attributable to 2024 of $1.00 per share. Enhanced liquidity by $408 million in the fourth quarter of 2024 through a Term Loan and the sale of our 50 percent interest in Midway Pipeline.SUGAR LAND, Tx, Feb. 18, 2025 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced fourth quarter 2024 net income attributable to CVR Energy stockholders of $28 million, or 28 cents per diluted share, compared to fourth quarter 2023 net income attributable to CVR Energy stockholders of $91 million, or 91 cents per diluted share. Adjusted loss for the fourth quarter of 2024 was 13 cents per diluted share compared to adjusted earnings of 65 cents per diluted...

CVR Partners Reports Fourth Quarter and Full-Year 2024 Results

Written by Customer Service on February 18, 2025. Posted in Earnings Releases And Operating Results.

Declared a fourth quarter 2024 cash distribution of $1.75 per common unit, bringing the cumulative cash distributions declared for 2024 to $6.76 per common unit. Achieved a combined ammonia utilization rate of 96 percent for full-year 2024.SUGAR LAND, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — CVR Partners, LP (“CVR Partners” or the “Partnership”) (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced net income of $18 million, or $1.73 per common unit, and EBITDA of $50 million on net sales of $140 million for the fourth quarter of 2024, compared to net income of $10 million, or 94 cents per common unit, and EBITDA of $38 million on net sales of $142 million for the fourth quarter of 2023. CVR Partners had net income of $61 million, or $5.76 per common unit, and...

Mink Ventures Completes Acquisition of Warren Ni, Cu, Co Patents

Written by Customer Service on February 18, 2025. Posted in Mergers And Acquisitions.

TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) — Mink Ventures Corporation (TSXV:MINK) (“Mink” or the “Company“) today announced that it has completed all share issuances and incurred all expenditures required to earn a 100% interest in the Warren Ni, Cu, Co Patents under Mink’s option with US Copper Corp. To complete the exercise of the Option, Mink today issued the final tranche of 750,000 common shares of Mink to US Copper Corp. In addition, Mink has expended the required $300,000 in exploration expenditures (half of which were offset by non-dilutive OJEP grants) on the project. Subject to the pending title transfer, Mink will hold a 100% interest in the Warren Patents. Mink’s exploration and drilling at Warren has demonstrated the potential for deposition of nickel, copper, cobalt deposits over 1.6 km strike and identified...

Innospec Reports Fourth Quarter and Full Year 2024 Financial Results

Written by Customer Service on February 18, 2025. Posted in Earnings Releases And Operating Results.

Performance Chemicals operating income up 14 percent; Fuel Specialties operating income up 7 percent As expected, Oilfield Services saw the continued impact of lower production chemical activity in Latin America $25.7 million cash generated from operations; Net cash of $289.2 million Non-cash settlement charge of $155.6 million ($4.65 per share) on UK pension scheme buy out GAAP loss per share $2.80 and adjusted non-GAAP earnings per share $1.41 ENGLEWOOD, Colo., Feb. 18, 2025 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the fourth quarter and full year ended December 31, 2024. Total revenues for the fourth quarter were $466.8 million, a decrease of 6 percent from $494.7 million in the corresponding period last year. There was a net loss of $70.4 million, or $2.80 per diluted share,...

The Children’s Place Announces Appointment to Its Board of Directors

Written by Customer Service on February 18, 2025. Posted in Public Companies.

SECAUCUS, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty retailer in North America with an omni-channel portfolio of brands, today announced that the Company has appointed Rhys Summerton to the Company’s Board of Directors and as a member of the Audit Committee. Mr. Summerton will hold office until the annual meeting of stockholders of the Company to be held in 2025. Ms. Summerton is an independent director and qualifies as an “audit committee financial expert” under applicable SEC and Nasdaq rules. Turki S. AlRajhi, Executive Chairman of the Board of Directors of The Children’s Place, commented, “We are pleased to welcome Rhys to our Board of Directors. Rhys is a thoughtful leader and a man of integrity. I am delighted that he will be joining us.” Mr....

Supernus Announces Topline Results from Phase 2b Study in Adults with Treatment Resistant Depression

Written by Customer Service on February 18, 2025. Posted in Public Companies.

Study did not demonstrate statistically significant improvement on primary endpoint of reduction in depressive symptoms as measured by MADRS total score compared to placebo SPN-820 was well-tolerated with few adverse events, consistent with previously reported studiesROCKVILLE, Md., Feb. 18, 2025 (GLOBE NEWSWIRE) — Supernus Pharmaceuticals, Inc. (Nasdaq: SUPN), a biopharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases, announced today that the Phase 2b study of SPN-820 in adults with treatment-resistant depression (TRD) did not demonstrate a statistically significant improvement on the primary endpoint of change from baseline in the Montgomery-Åsberg Depression Rating Scale (MADRS) total score to Week 4 (SPN-820 [LS mean ± Standard Error]: -12.3...

Beyond Oil Delivers First Shipment of 5.4T to T&J Oil Under Australian Distribution Agreement

Written by Customer Service on February 18, 2025. Posted in Public Companies.

Initial Delivery Marks Milestone in Beyond Oil’s Expansion into Australia; Agreement Includes Minimum Commitments of US$4.9M Over Five Years VANCOUVER, BC and KIBBUTZ YIFAT, Israel, Feb. 18, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce the successful delivery of its first shipment under the previously announced Distribution Agreement with T&J Oil Pty Ltd. (“T&J Oil”), signed January 22, 2025. The initial shipment, totaling 5.4 tonnes (T) of Beyond Oil’s proprietary oil treatment products, was delivered in February 2025, marking a significant...

Occidental Announces Further Progress on Debt Reduction

Written by Customer Service on February 18, 2025. Posted in Public Companies.

Achieved near-term debt repayment target of $4.5 billion in the fourth quarter of 2024 Announced proceeds from $1.2 billion of divestitures signed in the first quarter of 2025 will go toward current year debt maturitiesHOUSTON, Feb. 18, 2025 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced it achieved its near-term debt repayment target of $4.5 billion in the fourth quarter of 2024 and signed two agreements in the first quarter of 2025 to divest upstream assets to undisclosed buyers for a combined total of $1.2 billion. The divestiture transactions, which are expected to close in the first quarter of 2025, include Rockies non-operated assets and Permian Basin assets not included in Occidental’s near-term development plan. The resulting proceeds will be applied to the company’s remaining 2025 debt maturities. “We were...

Bel Reports Fourth Quarter and Full Year 2024 Results

Written by Customer Service on February 18, 2025. Posted in Earnings Releases And Operating Results.

WEST ORANGE, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) — Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the fourth quarter and full year of 2024. Fourth Quarter 2024 HighlightsNet sales of $149.9 million compared to $140.0 million in Q4-23. Excluding $20.8 million of contribution from Enercon, organic sales down 7.8% from Q4-23. Gross profit margin of 37.5%, up from 36.6% in Q4-23 GAAP net loss attributable to Bel shareholders of $1.8 million versus GAAP net earnings attributable to Bel shareholders of $12.0 million in Q4-23 Non-GAAP net earnings attributable to Bel shareholders of $19.0 million versus $19.5 million in Q4-23 Adjusted EBITDA of $30.3 million (20.2% of sales) as compared to $27.3 million (19.5% of sales) in Q4-23 Completed acquisition of Enercon, making aerospace and...

Day: February 18, 2025

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals