Granite

Granite Point Mortgage Trust Inc. Reports First Quarter 2024 Financial Results and Post Quarter-End Update

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Martedì, Maggio 7, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Banking, Internet, Tenant, News, GPMT, CECL, Access, USPAP, Granite, GAAP, UPB, LTV, Bank

Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending March 31, 2024, and provided an update on its activities subsequent to quarter-end.

Key Points: 
  • Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced its financial results for the quarter ending March 31, 2024, and provided an update on its activities subsequent to quarter-end.
  • A presentation containing first quarter 2024 financial results can be viewed at www.gpmtreit.com .
  • Book value per common share was $11.14 as of March 31, 2024, inclusive of $(4.17) per common share of total CECL reserve.
  • Granite Point Mortgage Trust Inc. will host a conference call on May 8, 2024, at 11:00 a.m.

IBM and SAP Plan to Expand Collaboration to Help Clients Become Next-Generation Enterprises with Generative AI

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Mercoledì, Maggio 8, 2024
Organization, CFO, Ecosystem, GROW, AI, Granite, SAP, IBM Watson, Partnership, Consultant, IBM Consulting, Automation, Senior, Assistant, Trust, Generative, IBM, CPG, Software

ARMONK, N.Y. and WALLDORF, Germany, May 8, 2024 /PRNewswire/ -- IBM (NYSE: IBM) and SAP SE (NYSE: SAP) today announced their vision for the next era of their collaboration, which includes new generative AI capabilities and industry-specific cloud solutions that can help clients unlock business value.

Key Points: 
  • "IBM and SAP's shared approach to generative AI, built on an open ecosystem, trust and purpose-built models, will help empower clients to optimize business outcomes," said John Granger, Senior Vice President, IBM Consulting.
  • Initially, IBM plans to extend AI capabilities across SAP's portfolio of cloud solutions and applications, all of which are underpinned by SAP Business Technology Platform (SAP BTP).
  • IBM also plans to leverage SAP Signavio and SAP Business AI solutions to help define next-generation business processes through a proof-of-concept adoption program.
  • This expands on IBM and SAP's collaboration around embedding IBM Watson AI technology into SAP solutions .

Appia Files NI 43-101 Technical Report on Maiden Indicated and Inferred Mineral Resource Estimate for the PCH Ionic Adsorption Clay Project in Goias, Brazil

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Martedì, Aprile 16, 2024
Lithium, NSR, MRE, Figure, Technical report, Resource, Metallurgy, API, Mineral Resources Limited, ICP, Oxide, Qualified person (European Union), Praseodymium(III,IV) oxide, Person, Guideline, News, Map, Mineral, GEOVIA, Definition, National Instrument 43-101, PCH, NI 43-101, SGS, Phase, MUN, QP, Reserve, IAC, National instrument, Marketing, OES, Neodymium(III) oxide, Granite, PPM, Prospection, Location, Soil, Rare-earth element

Toronto, Ontario--(Newsfile Corp. - April 16, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") announced today that an independent technical report prepared in accordance with National Instrument 43-101 ("NI 43-101") has been filed for the PCH ionic adsorption clay (IAC) project (the "PCH Project") located in the State of Goiás, Brazil. The report entitled 'Technical Report on the Maiden Mineral Resource Estimate for The PCH Project, State of Goiás, Brazil' dated April 15th, 2024 with an effective date of February 1, 2024 (the "PCH MRE Report"). The PCH MRE Report was co-authored by Yann Camus, P.Eng., Marc-Antoine Laporte, P.Geo., M.Sc., and Sarah Dean, P.Geo., of SGS Canada Inc. ("SGS"), all of whom are independent qualified persons under NI 43-101. The PCH MRE Report is available for review on SEDARplus (www.sedarplus.com) and the Company's website www.appiareu.com.

Key Points: 
  • The report entitled 'Technical Report on the Maiden Mineral Resource Estimate for The PCH Project, State of Goiás, Brazil' dated April 15th, 2024 with an effective date of February 1, 2024 (the "PCH MRE Report").
  • Within Target IV Appia has identified a high-grade zone with an inferred resource totalling 13.5 Mt at an average grade of 7307 parts per million (PPM) TREO."
  • The Mineral Resource Statement prepared by SGS for the PCH Project is detail below.
  • Additional drilling will be required to convert Inferred and Indicated Mineral Resources to Measured Mineral Resources.

THE GRANITE GROUP EXPANDS ITS FOOTPRINT WITH STRATEGIC ACQUISITION OF PREMIER SUPPLY GROUP

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Venerdì, Aprile 26, 2024
Degree, Granite, Heat, Acquisition, Sink, Comfort

“We are thrilled to welcome all Premier Supply Group team members into The Granite Group Family,” said Bill Condron, CEO of The Granite Group.

Key Points: 
  • “We are thrilled to welcome all Premier Supply Group team members into The Granite Group Family,” said Bill Condron, CEO of The Granite Group.
  • Rebranding to The Granite Group and Sink & Spout, the showroom arm of The Granite Group, is expected to take place later this year.
  • “As I move onto my next chapter, I could not feel more confident about my decision to leave my company in the capable hands of The Granite Group,” said David Teece, previous owner of Premier Supply Group.
  • “Employees and customers of Premier Supply Group can expect a thoughtful transition built around a commitment to excellent service and the care of all involved.”

NevGold Announces Positive Copper Porphyry Potential at the Zeus Copper Project in the Hercules Copper Trend, Idaho

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Giovedì, Aprile 18, 2024
Permian, Quartz, Copper, Magnetism, EM, Propylitic alteration, Snake, Geology, IP, Zinc, Snow, Galena, Gold, Bayhorse, Idaho, Vein, Side, Molybdenum, Condor, Pressure, Temperature, Lead, Silver, Permian–Triassic extinction event, NAU, Jurassic, Ageing, Granite

It is also very encouraging that both projects have Triassic age plutons, which is the likely source of the copper porphyry mineralization at the Hercules Project.

Key Points: 
  • It is also very encouraging that both projects have Triassic age plutons, which is the likely source of the copper porphyry mineralization at the Hercules Project.
  • This suggests there is strong potential for discovery of a blind copper porphyry at Zeus as well.
  • As the figure shows, there are many similarities between the Hercules Project and Zeus Project.
  • Figure 4 Summary: Figure 4 is a cross-section looking north through the Mineral Project (Hercules) and Zeus Project (NevGold) in the Mineral District.

NevGold Announces Positive Copper Porphyry Potential at the Zeus Copper Project in the Hercules Copper Trend, Idaho

Retrieved on: 
Giovedì, Aprile 18, 2024
Permian, Quartz, Copper, Magnetism, EM, Propylitic alteration, Snake, Geology, IP, Zinc, Snow, Galena, Gold, Bayhorse, Idaho, Vein, Side, Molybdenum, Condor, Pressure, Temperature, Lead, Silver, Permian–Triassic extinction event, NAU, Jurassic, Ageing, Granite

It is also very encouraging that both projects have Triassic age plutons, which is the likely source of the copper porphyry mineralization at the Hercules Project.

Key Points: 
  • It is also very encouraging that both projects have Triassic age plutons, which is the likely source of the copper porphyry mineralization at the Hercules Project.
  • This suggests there is strong potential for discovery of a blind copper porphyry at Zeus as well.
  • As the figure shows, there are many similarities between the Hercules Project and Zeus Project.
  • Figure 4 Summary: Figure 4 is a cross-section looking north through the Mineral Project (Hercules) and Zeus Project (NevGold) in the Mineral District.

Granite Publishes Annual Sustainability Report

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Mercoledì, Maggio 1, 2024
Construction & Property, Sustainability, Environment, Other Manufacturing, Environmental, Social and Governance (ESG), Professional Services, Other Construction & Property, Manufacturing, Task force, Safety, Climate, Granite, GVA, Building material, Sustainable Development Goals, Waste management, Sustainability accounting, Multimedia, Social responsibility, Ethics, United Nations Global Compact, Management

On May 1, 2024 Granite (NYSE:GVA) published its 2023 Sustainability Report , highlighting the company’s efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance.

Key Points: 
  • On May 1, 2024 Granite (NYSE:GVA) published its 2023 Sustainability Report , highlighting the company’s efforts to create enduring value through social responsibility, environmental stewardship, and dependable governance.
  • “At Granite, our mission is to provide infrastructure solutions that support more prosperous and resilient communities,” said Granite President and Chief Executive Officer Kyle Larkin.
  • The report is aligned with standard sustainability reporting frameworks, including the Global Reporting Initiative, the Sustainability Accounting Standards Board, and the Task Force on Climate-related Financial Disclosures.
  • “This report reflects our focus on developing strategic partnerships with clients, industry groups, suppliers, and community organizations to advance shared sustainability goals.”
    In addition to providing progress updates on sustainability objectives, the report reviews the company’s efforts in key areas, including safety, inclusive diversity, ethics and compliance, climate and energy, and waste management.

Granite REIT Declares Distribution for April 2024

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Mercoledì, Aprile 17, 2024
REIT, Logistics, Supply Chain Management, Transport, Commercial Building & Real Estate, Construction & Property, Granite, CDN, Granite Real Estate, TSX, FICC, Trustee, Real estate investing, Treasury regulations

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of April 2024.

Key Points: 
  • Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.275 per stapled unit for the month of April 2024.
  • The distribution will be paid by Granite on Wednesday, May 15, 2024 to stapled unitholders of record at the close of trading on Tuesday, April 30, 2024.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of April 30, 2024, pursuant to United States Treasury Regulation Section 1.1446-4.

Granite Real Estate Investment Trust and Granite REIT Inc. Announce Proposal to Unwind Stapled Unit Structure

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Lunedì, Aprile 15, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Supreme court, Meeting, TSX, Circular, Proxy, Real estate investing, Corporate action, Toronto Stock Exchange, Unit, Granite Real Estate, Granite

Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP” and, together with Granite REIT, “Granite”) (TSX: GRT.UN; NYSE: GRP.U) announced today that, at the upcoming Joint Annual General and Special Meetings of holders of Granite’s stapled units (“Stapled Units”) scheduled for June 6, 2024, they intend to propose an internal reorganization (the “Reorganization”) that would simplify Granite’s capital structure by replacing its current Stapled Unit structure with a conventional REIT trust unit structure.

Key Points: 
  • Granite Real Estate Investment Trust (“Granite REIT”) and Granite REIT Inc. (“Granite GP” and, together with Granite REIT, “Granite”) (TSX: GRT.UN; NYSE: GRP.U) announced today that, at the upcoming Joint Annual General and Special Meetings of holders of Granite’s stapled units (“Stapled Units”) scheduled for June 6, 2024, they intend to propose an internal reorganization (the “Reorganization”) that would simplify Granite’s capital structure by replacing its current Stapled Unit structure with a conventional REIT trust unit structure.
  • As a result of the Reorganization, Granite REIT expects it will be more comparable to other Canadian real estate investment trusts due to its simplified structure, and that certain investors may therefore be more able or willing to invest in Granite REIT units rather than Stapled Units.
  • Currently, Granite unitholders hold Stapled Units, each of which consists of one Granite REIT unit and one common share of Granite GP.
  • As a result of the Reorganization, each Granite unitholder will hold a number of Granite REIT units equal to the number of Stapled Units they hold currently, and Granite GP will become a wholly-owned subsidiary of Granite REIT.

Granite Bank Welcomes Ricky Cheath as SVP of Regional Development & Diversity Lending

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Giovedì, Aprile 25, 2024
IMB, Housing, Travel, Granite, Minnesota State University, Mankato, American Dream, Senior, Family, Khmer Rouge, Regional development, Organization, Management

CHAMPLIN, Minn., April 25, 2024 /PRNewswire/ -- Granite Mortgage is excited to announce the addition of Ricky Cheath as Senior Vice President of Regional Development and Diversity Lending.

Key Points: 
  • CHAMPLIN, Minn., April 25, 2024 /PRNewswire/ -- Granite Mortgage is excited to announce the addition of Ricky Cheath as Senior Vice President of Regional Development and Diversity Lending.
  • With a deep commitment to community, Ricky brings a wealth of experience and a passion for inclusive lending practices to Granite Mortgage.
  • Ricky later moved to Mankato and attended Minnesota State University – Mankato, where he laid the foundation for his career in the mortgage industry.
  • "Ricky is a game-changer and someone that makes everyone around him better," said Jacob Reiter, CEO at Granite Mortgage.