Indium

T2 Metals Reports Exceptional 23.5 m at 6.8 g/t Gold Drill Intersection from the Sherridon VHMS Project, Manitoba

Retrieved on: 
Friday, March 1, 2024

Shallow High-Grade Intersections Include 23.5m @ 1.18% Cu, 1.46% Zn, 6.8 g/t Au (7.4% CuEq)

Key Points: 
  • The intersection lies only 20m below surface and includes some of the highest gold grades ever discovered at Sherridon.
  • The high gold and copper grades over a broad interval highlight the potential of VHMS style of mineralization in complexly folded host rocks.
  • Gold results in hole SHN23005 were re-checked with screen fire assay to overcome potential coarse gold analytical issues.
  • The most significant drill intersections of copper ("Cu"), zinc ("Zn"), gold ("Au"), and silver ("Ag") are provided below and in Table 2.

AXT, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

Revenue for the fourth quarter of 2023 was $20.4 million, compared with $17.4 million in the third quarter of 2023 and $26.8 million for the fourth quarter of 2022.

Key Points: 
  • Revenue for the fourth quarter of 2023 was $20.4 million, compared with $17.4 million in the third quarter of 2023 and $26.8 million for the fourth quarter of 2022.
  • GAAP gross margin was 22.6 percent of revenue for the fourth quarter of 2023, compared with 10.7 percent of revenue in the third quarter of 2023 and 32.1 percent for the fourth quarter of 2022.
  • This compares with $8.6 million in the third quarter of 2023 and $9.6 million for the fourth quarter of 2022.
  • Fiscal Year 2023 Results (January 1 to December 31, 2023)
    Revenue for fiscal year 2023 was $75.8 million, compared with $141.1 million in fiscal year 2022.

Hecla Reports Exploration Results and Reserves

Retrieved on: 
Tuesday, February 13, 2024

Hecla Mining Company (NYSE:HL) today reported exploration results and year end reserves.

Key Points: 
  • Hecla Mining Company (NYSE:HL) today reported exploration results and year end reserves.
  • The exploration program has resulted in the second highest silver reserves and the largest gold resource in Hecla’s history.
  • Hecla produces almost half of silver in the U.S., and we expect to be Canada’s largest silver producer in 2024.
  • Gold reserves decreased by 16% due to the strategic change to transition to a surface operation only at Casa Berardi.

T2 Metals Reports Additional High Grade Polymetallic Drill Results at Its Sherridon VHMS Project, Manitoba

Retrieved on: 
Thursday, February 8, 2024

Near Surface High Grade Intersections Include 10.0 m @ 2.74% CuEq

Key Points: 
  • The high grades demonstrate the potential provided by the VHMS style of mineralization which is common throughout the region.
  • These high grades will provide Sherridon a momentum not seen for many years, as we are encouraged to expand our exploration programs.
  • The current T2 Metals drilling campaign further delineates shallow-dipping and plunging massive sulphide lenses and extends the historical drilling results by the previous explorers.
  • Many geophysical follow-up opportunities and key VHMS-associated structural controls exist at Sherridon which provide additional high-value targets for planned 2024 drill programs.

T2 Metals Reports High Grade Polymetallic Drill Results at Its Sherridon VHMS Project, Manitoba

Retrieved on: 
Thursday, January 25, 2024

Near Surface High Grade Intersections Include 9.3 m @ 3.09% CuEq

Key Points: 
  • The 2023 Q4 drill program was the first completed by T2 Metals at the project, and the first at Sherridon in over a decade.
  • The most significant sulphide-mineralized drill intersections of copper ("Cu"), zinc ("Zn"), gold ("Au"), and silver ("Ag") are listed below and provided in Table 2.
  • = Zn(%) + ((Cu(%) * Cu(USD/t)) + (Pb(%) * Pb(USD/t)) + (Ag(g/t) * (Ag(USD/oz)/31.1) * 100) + (Au(g/t) * (Au(USD/oz)/31.1) * 100)) / Zn(USD/t)
    Mark Saxon, CEO of T2 Metals Corp., said, "We are very pleased with these first drill results from the Sherridon drilling program.
  • They can be very high grade and are regularly gold enriched, with large very long-life deposits being "company-makers" (eg the founding of Rio Tinto).

EMCORE Reports Fiscal 2023 Fourth Quarter Results

Retrieved on: 
Tuesday, December 12, 2023

ALHAMBRA, CA, Dec. 12, 2023 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2023 fourth quarter (4Q23) ended September 30, 2023.

Key Points: 
  • ALHAMBRA, CA, Dec. 12, 2023 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2023 fourth quarter (4Q23) ended September 30, 2023.
  • Management will host a conference call to discuss 4Q23 financial and business results on December 12, 2023 at 5:00 p.m. Eastern Time (ET).
  • “The EMCORE team continued to step up to meet the challenges of transforming the Company into a pure play Inertial Navigation business.
  • In 4Q23, Inertial Navigation revenue grew for the sixth consecutive quarter, producing GAAP and non-GAAP gross margins of 26% and 31%, respectively,” said Jeff Rittichier, President and Chief Executive Officer of EMCORE.

Infinera Awarded California Competes Grant to Increase Domestic Production of Next-generation Semiconductors

Retrieved on: 
Tuesday, November 21, 2023

SAN JOSE, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it has been awarded a California Competes (CalCompetes) grant valued at up to $14 million over five years by the California Governor’s Office of Business and Economic Development (GO-Biz).

Key Points: 
  • SAN JOSE, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Infinera (Nasdaq: INFN) announced today it has been awarded a California Competes (CalCompetes) grant valued at up to $14 million over five years by the California Governor’s Office of Business and Economic Development (GO-Biz).
  • This is a first step to expand and modernize Infinera’s U.S.-based domestic production of next-generation semiconductors and continue to support innovation and economic development in the United States in future years.
  • Fostering the domestic production of these critical and emerging technologies helps increase America’s economic and national security in semiconductor innovation, manufacturing, and supply chain resilience.
  • “We are grateful and honored to receive this grant award, which represents an important step in helping to boost America’s domestic production of semiconductor technologies,” said David Heard, Chief Executive Officer, Infinera.

Indium Software certified as a Major Contender in the Everest Group PEAK Matrix® 2023 for Quality Engineering Services

Retrieved on: 
Monday, December 18, 2023

Indium Software , a fast-growing digital engineering company, announces its recognition as a Major Contender in the Everest Group PEAK Matrix® 2023 for Next-Generation Quality Engineering (QE) Services.

Key Points: 
  • Indium Software , a fast-growing digital engineering company, announces its recognition as a Major Contender in the Everest Group PEAK Matrix® 2023 for Next-Generation Quality Engineering (QE) Services.
  • With over two decades of deep expertise in Quality Engineering capabilities, Indium has catered to global customers across various industries, delivering enhanced end-user experiences and accelerating time-to-market solutions.
  • The Everest Group PEAK Matrix® 2023 for Next-Generation Quality Engineering Services evaluated Indium Software along with 34 other QE service providers on their key Intellectual Properties (IP) / solutions, domain investments, and case studies.
  • Access the Next-generation Quality Engineering (QE) Services PEAK Matrix® Assessment 2023 report here .

Indium Software Recognized as a Major Contender in the Everest Group PEAK Matrix® 2023 for Data and Analytics (D&A) Services for Mid-market Enterprises.

Retrieved on: 
Wednesday, December 13, 2023

Indium Software , a fast-growing digital engineering company, today announced it has been recognized as a Major Contender in the Everest Group PEAK Matrix® 2023 for Data and Analytics (D&A) Services for mid-market enterprises.

Key Points: 
  • Indium Software , a fast-growing digital engineering company, today announced it has been recognized as a Major Contender in the Everest Group PEAK Matrix® 2023 for Data and Analytics (D&A) Services for mid-market enterprises.
  • The digital engineering company believes this recognition shows its commitment to innovation excellence and deep expertise in delivering D&A services to a diverse range of industries and markets.
  • Commenting on the recognition, Jagannath Bharadwaj, Chief Operating Officer at Indium Software, said, “Investing in Data and Analytics can significantly benefit mid-market enterprises globally, driving growth, efficiency, and long-term success in a competitive business market.
  • In addition, Srinath Nadkarni, Senior Vice President - Data and Analytics at Indium Software, stated, “We deliver unique value through our Communities of Practice internally across Data Analytics, Data Engineering, Advanced Analytics, and we are investing in an exclusive CoP for Gen AI.

NASA Remembers Trailblazing Astronaut, Scientist Mary Cleave

Retrieved on: 
Wednesday, November 29, 2023

WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- Retired NASA astronaut Mary Cleave, a veteran of two NASA spaceflights, died Nov. 27.

Key Points: 
  • WASHINGTON, Nov. 29, 2023 /PRNewswire/ -- Retired NASA astronaut Mary Cleave, a veteran of two NASA spaceflights, died Nov. 27.
  • "I'm sad we've lost trail blazer Dr. Mary Cleave, shuttle astronaut, veteran of two spaceflights, and first woman to lead the Science Mission Directorate as associate administrator," said NASA Associate Administrator Bob Cabana.
  • "Mary was a force of nature with a passion for science, exploration, and caring for our home planet.
  • Cleave's awards included: two NASA Space Flight medals; two NASA Exceptional Service medals; an American Astronautical Society Flight Achievement Award; a NASA Exceptional Achievement Medal; and NASA Engineer of the Year.