Hercules

Phathom Pharmaceuticals Announces Expansion of Existing Loan and Security Agreement with Hercules Capital

Retrieved on: 
Thursday, December 14, 2023
Hercules, Partnership, Economics, Business, Patient, Security (finance)

Phathom has drawn $40 million upon the closing of the amendment, aggregating to $140 million currently outstanding under the expanded loan facility.

Key Points: 
  • Phathom has drawn $40 million upon the closing of the amendment, aggregating to $140 million currently outstanding under the expanded loan facility.
  • The new increased commitment from Hercules reflects our dedication to Phathom and is intended to support their efforts to make their novel treatments available to patients,” said Michael Dutra, Managing Director at Hercules Capital.
  • Under the terms of the amendment, the remaining $160 million of the aggregate $300 million loan facility is potentially available in five tranches.
  • Additional details of the loan agreement will be filed with the Securities and Exchange Commission on a Current Report on Form 8-K.

NevGold Extends Mineralization to 0.74 g/t Au Over 66.8 Meters From Surface, Including 1.40 g/t Au Over 11.3 Meters From 10 Meters Depth At Nutmeg Mountain

Retrieved on: 
Thursday, November 30, 2023
Hercules, Hole, MRE, Gold, NAU, GOLD, See, Barrick Gold, Project, TSX, ABX, Mining

NevGold CEO, Brandon Bonifacio, comments: “The further results from our drilling at Nutmeg Mountain continue to highlight the at-surface, oxide gold mineralization building on the recently announced 2023 MRE at the Project.

Key Points: 
  • NevGold CEO, Brandon Bonifacio, comments: “The further results from our drilling at Nutmeg Mountain continue to highlight the at-surface, oxide gold mineralization building on the recently announced 2023 MRE at the Project.
  • Our technical group has identified numerous high priority drill targets with the potential to expand the mineralization laterally and at depth.
  • The resource at Nutmeg Mountain exhibits strong continuity and we are confident additional mineralization can be found with further exploration at the Project.
  • Over the course of our work at Nutmeg Mountain, we have gained a very strong understanding of the local geology which we will look to leverage in this emerging new trend.”

NevGold Extends Mineralization to 0.74 g/t Au Over 66.8 Meters From Surface, Including 1.40 g/t Au Over 11.3 Meters From 10 Meters Depth At Nutmeg Mountain

Retrieved on: 
Thursday, November 30, 2023
Hercules, Hole, MRE, Gold, NAU, GOLD, See, Barrick Gold, Project, TSX, ABX, Mining

NevGold CEO, Brandon Bonifacio, comments: “The further results from our drilling at Nutmeg Mountain continue to highlight the at-surface, oxide gold mineralization building on the recently announced 2023 MRE at the Project.

Key Points: 
  • NevGold CEO, Brandon Bonifacio, comments: “The further results from our drilling at Nutmeg Mountain continue to highlight the at-surface, oxide gold mineralization building on the recently announced 2023 MRE at the Project.
  • Our technical group has identified numerous high priority drill targets with the potential to expand the mineralization laterally and at depth.
  • The resource at Nutmeg Mountain exhibits strong continuity and we are confident additional mineralization can be found with further exploration at the Project.
  • Over the course of our work at Nutmeg Mountain, we have gained a very strong understanding of the local geology which we will look to leverage in this emerging new trend.”

Barrick Announces Additional Investment in Hercules Silver

Retrieved on: 
Monday, November 13, 2023
Perception, Acquisition, Security (finance), Hercules

TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) announced today that on November 10, 2023, it purchased 7,000,000 warrants to purchase common shares of Hercules Silver Corp. (“Hercules”) for total consideration of C$6,580,000. The warrants were immediately exercised at their exercise price of C$0.11 per Hercules common share.

Key Points: 
  • Certain information contained in this press release, including any information relating to the ownership by Barrick of common shares and warrants of Hercules constitutes “forward-looking statements”.
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words “expect”, “will”, “potential”, “may” and similar expressions identify forward-looking statements.
  • In particular, this press release contains forward-looking statements including Barrick’s potential acquisition or disposition of securities of Hercules in the future.

Hercules Capital Receives SBA “Green Light” Letter to Submit Its Fourth SBIC License Application

Retrieved on: 
Thursday, November 9, 2023
Small Business, Professional Services, Finance, NYSE, Security (finance), Capital, Exchange, Small business, SBIC, Partnership, SBA, Growth, Letter, Hercules

“We are extremely pleased to receive the ‘green light’ letter from the SBA.

Key Points: 
  • “We are extremely pleased to receive the ‘green light’ letter from the SBA.
  • However, receipt of a green light letter from the SBA does not assure an applicant that the SBA will ultimately issue an SBIC license, and Hercules has received no assurance or indication from the SBA that it will ultimately receive an SBIC license, or of the timeframe in which it would receive a license, should one ultimately be granted.
  • The SBA program has played an important role within Hercules’ funding strategy since receiving its first SBIC license in September 2006.
  • Hercules received exemptive relief from the Securities and Exchange Commission that allows Hercules to exclude SBIC leverage from applicable asset coverage limits.

Phathom Pharmaceuticals Reports Third Quarter 2023 Results and Recent Business Updates

Retrieved on: 
Thursday, November 9, 2023
FDA, Research, Food, PPI, Vonoprazan, Regulation of food and dietary supplements by the U.S. Food and Drug Administration, Maintenance, Heartburn, Helicobacter pylori, Tablet, Clinical trial, Hercules, Commercial, New Drug Application, Enzyme inhibitor, NDA, Safety, Leyland Royal Tiger PSU, PARK, Chemistry, Patient, NERD, Gastroesophageal reflux disease, Esophagitis, State, Pharmaceutical industry, Video game, Bank, GERD

Third Quarter 2023 Financial Results:

Key Points: 
  • Third Quarter 2023 Financial Results:
    Net loss for the third quarter ended September 30, 2023, was $43.2 million, compared to $51.1 million for third quarter 2022.
  • Third quarter 2023 net loss included a non-cash charge related to stock-based compensation of $6.1 million compared to $5.8 million for third quarter 2022.
  • Research and development expenses for the third quarter 2023 were $12.3 million, a decrease of $6.7 million compared to $19.0 million for third quarter 2022.
  • General and administrative expenses for the third quarter 2023 were $23.4 million, a decrease of $0.1 million compared to $23.5 million for third quarter 2022.

Hercules Capital Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
Banking, Other Professional Services, Professional Services, Finance, Growth, Telephone, Hercules, NYSE, PIN, Capital, Financial services, Mobile phone, Security (finance)

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced its financial results for the third quarter ended September 30, 2023.
  • The earnings release can be accessed at Hercules’ Investor Relations website at https://investor.htgc.com/financial-information/financial-results .
  • Hercules has scheduled its third quarter 2023 financial results conference call for November 2, 2023 at 2:00 p.m. PT (5:00 p.m.
  • A live webcast of the third quarter 2023 financial results conference call will also be available on the investor relations section of the Company’s website at investor.htgc.com .

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023
Aurora, FNM, Pan-American, Press release, Palladium, PDT, Filo, Annual report, PAAS, Silver, Form 10-K, Platinum, Gold, Malartic, Metal, News, Agnico Eagle, ANY, Hercules, Safety, Meadowbank, La Colorada, FIL, Security (finance), NW, Copper, Pan American Silver, Research, NOT, PALM, Detour Gold, TSX, AISC, Canadian Malartic Corporation, NEVER, NYSE, OTCQX, OTCQB, Environment, AEM, Uncertainty, Mining, Printed circuit board, Uranium mining, Gum arabic

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

Why Uncertain Times are Fueling Demand for Precious Metals as Safe-Haven Investments

Retrieved on: 
Thursday, November 2, 2023
Aurora, FNM, Pan-American, Press release, Palladium, PDT, Filo, Annual report, PAAS, Silver, Form 10-K, Platinum, Gold, Malartic, Metal, News, Agnico Eagle, ANY, Hercules, Safety, Meadowbank, La Colorada, FIL, Security (finance), NW, Copper, Pan American Silver, Research, NOT, PALM, Detour Gold, TSX, AISC, Canadian Malartic Corporation, NEVER, NYSE, OTCQX, OTCQB, Environment, AEM, Uncertainty, Mining, Printed circuit board, Uranium mining, Gum arabic

PALM BEACH, Fla., Nov. 2, 2023 /PRNewswire/ -- Economic uncertainty, a major driver of the present precious metal market recovery, looms big, in the global financial arena. Precious metals such as gold, silver, platinum, and palladium have traditionally been considered safe-haven investments, but current market conditions have increased the value of these assets. In an era of economic turbulence and uncertainty, precious metals shine as a beacon of financial security.  Concerns about the purchasing power of money have increased the appeal of gold, silver, platinum, and palladium. The low-interest-rate environment, which central banks have maintained to spur economic recovery, has made traditional interest-bearing investments less appealing. Investors have also become more concerned about stock market volatility and the ever-present risk of a market correction or disaster. Economic instability has created a desire for diversity, pushing investors to add precious metals to their portfolios to limit risks and hedge against the chance of a quick market recession.  A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033. It said the gold segment has witnessed a surge in demand over the past few years and accounted for a market share of around 81.5% in 2022 and the silver segment is forecasted to expand at a CAGR of 2.5% over the next 10 years.  Active mining companies in markets include:  Regency Silver Corp. (OTCQB: RSMXF) (TSX-V: RSMX), Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM), Hercules Silver Corp. (OTCQB: BADEF) (TSX-V: BIG), Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS), Filo Corp. (OTCQX: FLMMF) (TSX: FIL).

Key Points: 
  • A report from Fact.MR projects that the global precious metals market is projected to reach a valuation of US$ 445.76 billion by 2033.
  • The Fact.MR report said: "The comeback of safe-haven investments is one of the most noticeable trends in the precious metal market.
  • Institutions such as central banks and huge investment funds are progressively diversifying their portfolios, with precious metals driving market growth.
  • This move not only demonstrates their rising confidence in the long-term value of certain metals but also fuels the demand for precious metals.

The Philippines Announces the Acquisition of Three C-130J-30 Super Hercules Tactical Airlifters

Retrieved on: 
Thursday, October 19, 2023
Knowledge, C-130, Lockheed Martin C-130J Super Hercules, NYSE, Lockheed Martin, Philippine Air Force, LMT, Acquisition, PAF, Assault, Republic, Philippine Department Air Force (United States), Hercules, Department of Defence, National security, Aircraft, Airline, Jet fuel

MARIETTA, Ga., Oct. 19, 2023 /PRNewswire/ -- The Republic of the Philippines Department of National Defense announced the acquisition of three new C-130J-30 Super Hercules tactical airlifters from Lockheed Martin (NYSE: LMT) through a Direct Commercial Sale. In choosing the C-130J, the Philippines joins 21 other nations that rely on the Super Hercules to support tactical airlift mission requirements.

Key Points: 
  • In choosing the C-130J, the Philippines joins 21 other nations that rely on the Super Hercules to support tactical airlift mission requirements.
  • The C-130J-30 provides these attributes and more to the Philippine Air Force (PAF), which will operate these new Super Hercules.
  • The Super Hercules' increased power, range, integration, space and capability will support PAF crews in meeting complex and evolving tactical mission requirements.
  • The C-130J Super Hercules is the proven standard in tactical airlift, providing a unique mix of versatility and performance to complete any mission, anytime, anywhere.