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Day: March 6, 2025

Fortuna Reports Results for the Fourth Quarter and Full Year 2024

(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, March 05, 2025 (GLOBE NEWSWIRE) — Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the fourth quarter and full year of 2024. Fourth Quarter and Full Year 2024 highlights Cash and CashflowRecord free cash flow1 of $95.6 million in Q4, a quarter over quarter (“QoQ”) improvement of 69%; $202.9 million in 2024 Net cash from operations of $141.6 million before working capital or $0.46 per share in Q4, a QoQ increase of 21%; $438.2 million or $1.42 per share in 2024 Quarter-end cash of $231.3 million, a QoQ increase of $50.7 million from strong growth in free cash flow. Liquidity was $381.3 million and the Company achieved a positive...

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Kestra Medical Technologies, Ltd. Announces Pricing of Upsized Initial Public Offering

KIRKLAND, Wash., March 05, 2025 (GLOBE NEWSWIRE) — Kestra Medical Technologies, Ltd. (“Kestra”), a wearable medical device and digital healthcare company, today announced the pricing of its upsized initial public offering of 11,882,352 common shares at a public offering price of $17.00 per share. In addition, the underwriters will have a 30-day over-allotment option to purchase up to 1,782,352 additional common shares from Kestra at the initial public offering price, less underwriting discounts and commissions. The common shares are expected to begin trading on the Nasdaq Global Select Market on March 6, 2025, under the ticker symbol “KMTS.” The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Kestra, are expected to be approximately $202 million, excluding...

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Bird Secures $470 Million of Project Awards Across Key Sectors, Reinforcing Diversified Growth Strategy

MISSISSAUGA, Ontario, March 05, 2025 (GLOBE NEWSWIRE) — Bird Construction Inc. (TSX: BDT) is pleased to announce that it was awarded a total of five projects with a combined value of approximately $470 million. These projects include Bird’s first project to be delivered through an Integrated Project Delivery (IPD) model in Atlantic Canada, two new buildings that support Ontario Power Generation’s (OPG) nuclear program, civil infrastructure work with the Government of B.C., two significant multi-year agreements in the industrial maintenance sector, and a recreation centre redevelopment project in B.C. Bird, as part of a joint venture, was awarded its first IPD contract model in Atlantic Canada. Through a shared-risk framework, transparent communication, and an integrated approach to decision-making, the IPD team will collaborate...

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Athabasca Oil Announces 2024 Year-end Results including Record Cash Flow, Strong Return of Capital and Significant Reserves Growth

CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its audited 2024 year-end results and reserves. Athabasca provides investors unique positioning to top tier liquids weighted assets (Thermal Oil and Duvernay) with a focus on maximizing cash flow per share growth by investing in competitive projects alongside a return of capital framework that will continue to direct 100% of Free Cash Flow to share buybacks in 2025. Year-end 2024 Consolidated Corporate ResultsProduction: Annual production of 36,815 boe/d (98% Liquids), representing 7% (14% per share) growth year over year. Strong production performance across all assets supported the Company achieving its upwardly revised annual guidance of 36,000 – 37,000 boe/d (July 2024). Record Cash...

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Northview Residential REIT Reports Q4 and Full Year 2024 Financial Results, With Impressive Same Door NOI and 17.6% Growth in Western Canada Multi-Residential Sector

Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Northview Residential REIT (“Northview” or the “REIT”) (NRR.UN – TSX), today announced financial results for the three months and year ended December 31, 2024. Q4 2024 HIGHLIGHTSNet operating income (“NOI”) of $39.2 million compared to $39.4 million in Q4 2023 Same door(1) revenue growth of 6.2% and same door NOI growth of 6.4% driven by multi-residential average monthly rent (“AMR”)(1) growth of 6.5% and improved occupancy at 96.1% compared to Q4 2023 Amended the syndicated credit facility to a $285.0 million revolving facility with an interest rate spread decrease of 95 bps and a two-year maturity extension Funds from operations (“FFO”)(2) per basic Unit of $0.45 increased from $0.40...

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South Bow Reports Fourth-quarter and Year-end 2024 Results, Provides 2025 Outlook, and Declares Dividend

CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its fourth-quarter and year-end 2024 financial and operational results and provides its 2025 outlook. Unless otherwise noted, all financial figures in this news release are in U.S. dollars. Highlights Spinoff transactionLaunched as an independent company on Oct. 1, 2024, completing the planned separation (the Spinoff) from TC Energy Corp. (TC Energy). Completed an initial notes offering on Aug. 28, 2024, raising approximately $5.8 billion, in aggregate, of U.S. and Canadian dollar-denominated senior unsecured notes and U.S. dollar-denominated junior subordinated notes. As part of the Spinoff, South Bow repaid the outstanding long-term debt owed to affiliates of TC Energy on Oct. 1, 2024.Safety and operational...

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Wilmington Announces 2024 Fourth Quarter Results

CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) — Wilmington Capital Management Inc. (TSX: WCM.A, WCM.B) (“Wilmington” or the “Corporation”) reported a net loss for the three months ended December 31, 2024, of $0.9 million or ($0.07) per share and net income for the twelve months ended December 31, 2024 of $0.4 million or $0.03 per share, compared to net loss of $0.2 million or ($0.02) per share and $2.3 million and $0.18 per share for the same periods in 2023. Beginning in August 2023, the Corporation took steps to monetize a significant number of its investments in order to unlock the embedded value which had been substantially realized, simplify its business and return capital to its shareholders. The Corporation has been able to reward shareholders through the payment of a dividend and return of capital in May 2024 totaling...

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