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Day: February 27, 2025

Allied Energy Corporation Outlook: Strong Growth and Strategic Developments

Expands Power Generation & Oil Production in Texas, Strengthens Strategic Partnerships for Sustainable Growth in 2025Key Points: Expansion & Optimization of Production CapacityThiel Site Expansion: Increasing power generation capacity to 3.5 MW by Q3 2025, leveraging Texas’ competitive electricity rates (8.73¢ per kWh) for enhanced profitability. Gilmer Lease Enhancements: Upgrading 116 pump jacks to smaller, energy-efficient units, reducing costs and unlocking production potential from Caddo & Strawn formations. SWD & Natural Gas Expansion: Advancing new Saltwater Disposal (SWD) lease negotiations and actively exploring natural gas reserves for long-term sustainability.Strategic Partnerships & Portfolio GrowthGreen Lease Collaboration: Working with Petroloro, LLC and ORO Energy, LLC, with key strategic...

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Prairie Provident Announces Spud of Basal Quartz Horizontal Well

CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company’s third Basal Quartz well following the successful drilling and completion of 102/03-19-030-18W4 and 100/15-32-029-18W4 in the fourth quarter of 2024. ABOUT PRAIRIE PROVIDENT Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta. For further information, please...

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SciSparc Extends $2 Million Loan to Support AutoMax’s Growth Following AutoMax’s Entry into Direct Import of JAC Electric Vehicles

TEL AVIV, Israel, Feb. 27, 2025 (GLOBE NEWSWIRE) — SciSparc Ltd. (Nasdaq: SPRC) (the “Company” or “SciSparc”), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system, announced today that it has entered into a loan agreement with AutoMax Motors Ltd. (“AutoMax”) to provide a $2 million loan (the “New Loan”). The funding will support AutoMax’s business expansion following its entry into the direct import of Anhui Jianghuai Automobile Group Corp., Ltd. (“JAC”) electric vehicles. The New Loan is in addition to previous bridge loans in an aggregate amount of $4.25 million (the “Previous Loans”). The Previous Loans were provided in lieu of SciSparc’s obligation to provide a $4.25 million closing financing, in...

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Gelteq’s Sportsgel Brand Named Official Sponsor of the Professional Pickleball Tour and League of Australia and New Zealand

Sportsgel signs first league-wide sports deal to be the official performance gel of the preeminent pickleball tour across the Oceania region NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — Gelteq Limited (NASDAQ: GELS) (“Gelteq” or the “Company”), a global biotechnology company that specializes in the formulation, development, and manufacturing of ingestible gel technology, announces today that its sport-focused brand Sportsgel has been named an official sponsor of the Professional Pickleball Tour and League of Australia and New Zealand, PPA Tour Australia (“PPAA”), and Major League Pickleball Australia (“MLPA”). Boasting the highest level and prize money of the sport in Oceania, PPAA and MLPA feature Pro teams, and high-profile owners including former World No.1 golfer Adam Scott, NBA Star Patty Mills, five-time Olympian Nat Cook,...

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SUNation Energy Announces $20 Million Registered Direct Offering Priced at the Market Under Nasdaq Rules

RONKONKOMA, N.Y., Feb. 27, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of 17,391,306 shares of the Company’s common stock (or common stock equivalents in lieu thereof) Series A warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock and Series B warrants to purchase up to an aggregate 17,391,306 shares of the Company’s common stock at an effective purchase price of $1.15 per share (or common stock equivalents in lieu thereof) and associated warrants in a registered direct offering priced at-the-market under Nasdaq rules. Roth...

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Edible Garden to Throw a Pickle Party at Natural Products Expo West® 2025 in Anaheim California, March 5th -7th

Revolutionizing the Fresh Condiments Category with Sustainability and Innovation; Delivering Bold, Better-for-You Condiments with Clean-Label Ingredients BELVIDERE, NJ, Feb. 27, 2025 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced its participation in Natural Products Expo West® 2025 at the Anaheim Convention Center, in Anaheim, CA on March 5-7, 2025. Continuing its strong commitment to sustainability and clean-label ingredients and redefining the way consumers experience condiments, the Company will be featuring its Pickle Party, Pulp, and Squeezables product lines at Booth #5499A, reinforcing its position as an innovator in the fresh condiments...

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White Gold Corp. Encounters Broad Near Surface Gold-Bearing Structure with High Density Quartz Veining in All Holes on Newly Discovered 2.2 km+ Chris Creek Gold Target

TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company”) announces results of 2024 exploration diamond drilling programs at the QV and Betty properties located in the White Gold District, west-central Yukon, Canada. The initial diamond drilling program at the Chris Creek target encountered a broad near surface gold-bearing structure injected with high density quartz veining and silica flooding. The Chris Creek target is located in close proximity to the Company’s flagship White Gold project which includes 17.6 million tonnes averaging 2.12 g/t Au for 1,203,000 ounces of gold in the Indicated Resource category and 24.4 million tonnes averaging 1.42 g/t Au for 1,116,600 ounces of gold in the Inferred Resource category (1). A detailed video overview by Management of...

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High Wire’s Overwatch Expands Portfolio to Include Critically Needed Professional Services

Notches First Win with Cyber Advisory Consulting Engagement BATAVIA, Ill., Feb. 27, 2025 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI), a leading managed security services provider (MSSP), announces its first professional services client for Cyber Advisory consulting. This marks a significant milestone as the company expands its offerings to provide expert cyber services that complement its robust managed security services portfolio. The client, a multi-billion-dollar conglomerate with a diverse range of privately held businesses, is headquartered in the U.S. and has global operations in the transportation, mining, construction, and shipbuilding industries. The client engaged High Wire – Overwatch due to the quality, caliber, and strength of experience the company’s cyber advisors bring to the table. The cyber...

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Helport AI Enhances Knowledge Base with AI-Powered Self-Learning and Multimodal Capabilities

SINGAPORE and SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software, services, and solutions, today announced significant advancements to its knowledge base. Designed to optimize enterprise knowledge management, the latest updates introduce AI-powered self-learning, multimodal data integration, and enhanced real-time knowledge retrieval capabilities. These improvements are expected to further Helport AI’s mission to empower everyone to work as an expert through intelligent, efficient, and scalable AI solutions.  Transforming Enterprise Knowledge with AI  Knowledge bases are centralized sources of data, facts, and rules that AI systems use to understand, reason, and make decisions....

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Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2024 Earnings

MACAU, Feb. 27, 2025 (GLOBE NEWSWIRE) — Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Total operating revenues for the fourth quarter of 2024 were US$152.9 million, compared with total operating revenues of US$141.3 million in the fourth quarter of 2023. The increase was primarily attributable to the continued recovery in inbound tourism in Macau during the fourth quarter of 2024, which led to an increase in revenue from casino contract and higher non-gaming revenues. Studio City Casino generated gross gaming revenues of US$321.8 million and US$294.8 million for the fourth quarters of 2024 and 2023, respectively. Studio City...

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