Joint venture

NeoGames Formalizes Long-Term NeoPollard Interactive Operating Agreement with Pollard Banknote

Retrieved on: 
Tuesday, January 10, 2023

LUXEMBOURG, Jan. 10, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today that it has entered into a joint venture operating agreement with respect to NeoPollard Interactive LLC (“NPI” or the “Joint Venture”) and an amendment to the parties’ Michigan Joint Venture Agreement with Pollard Banknote Limited (“Pollard”) (the “Agreements”). The Agreements reinforce the long-term approach aimed to ensure the continued success of NPI and accordingly, the operations of its market leading customers. In addition, the Agreements provide NeoGames and Pollard the option to pursue future iLottery opportunities in the North American market either in partnership, as part of the Joint Venture, or independently.

Key Points: 
  • LUXEMBOURG, Jan. 10, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today that it has entered into a joint venture operating agreement with respect to NeoPollard Interactive LLC (“NPI” or the “Joint Venture”) and an amendment to the parties’ Michigan Joint Venture Agreement with Pollard Banknote Limited (“Pollard”) (the “Agreements”).
  • The Agreements reinforce the long-term approach aimed to ensure the continued success of NPI and accordingly, the operations of its market leading customers.
  • In addition, the Agreements provide NeoGames and Pollard the option to pursue future iLottery opportunities in the North American market either in partnership, as part of the Joint Venture, or independently.
  • “Our partnership with Pollard and the formation of NPI close to a decade ago has resulted in creation of the leading provider of iLottery programs in the North American market.

Tearlach Enters Into a Joint Venture Agreement With Blackrock Silver to Develop the Tonopah North Lithium Project, Nevada

Retrieved on: 
Tuesday, January 10, 2023

Morgan Lekstrom, CEO of Tearlach, commented, “This is a significant growth step for Tearlach in becoming a leading multijurisdictional lithium company and for Blackrock Silver diversifying their already world-class silver project.

Key Points: 
  • Morgan Lekstrom, CEO of Tearlach, commented, “This is a significant growth step for Tearlach in becoming a leading multijurisdictional lithium company and for Blackrock Silver diversifying their already world-class silver project.
  • Upon Tearlach completing the Initial Earn-In and exercising the First Option, Tearlach and Blackrock Gold shall enter into a definitive mining joint venture agreement (the “Joint Venture Agreement”) in respect of the management and ownership of the Optioned Zone of the Tonopah North Project (the “Joint Venture”).
  • The parties to the Joint Venture shall contribute to future Expenditures in accordance with their respective participating interests as prescribed in the Joint Venture Agreement.
  • Subject to the terms of the Joint Venture Agreement, Tearlach shall be the initial manager of the Joint Venture and shall have control of the activities and operations of the Joint Venture.

Bion and Olson Farms/TD Angus Announce Nebraska Sustainable Beef Practices Project

Retrieved on: 
Monday, January 9, 2023

NEW YORK and NORTH PLATTE, Neb., Jan. 9, 2023 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in the development of livestock waste treatment technology and premium sustainable beef, and Olson Farms/TD Angus announced a letter of intent to develop a 45,000-head sustainable beef cattle feeding operation near North Platte, Nebraska.

Key Points: 
  • NEW YORK and NORTH PLATTE, Neb., Jan. 9, 2023 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a leader in the development of livestock waste treatment technology and premium sustainable beef, and Olson Farms/TD Angus announced a letter of intent to develop a 45,000-head sustainable beef cattle feeding operation near North Platte, Nebraska.
  • Bion and Olson Farms/TD Angus will work together to create a definitive Joint Venture in early 2023, with construction anticipated to commence in the second half 2023.
  • Trey Wasserburger, Olson Farms/TD Angus' partner, stated, "We are excited to make this Bion project a reality.
  • We really look forward to working together with them as we roll out our technology and business platform and demonstrate what truly sustainable beef really is."

Northern Graphite Announces LOI with Graphex Technologies to Produce Natural Graphite Anode Material

Retrieved on: 
Wednesday, December 21, 2022

Companies Plan to Build a Mine-to-Battery Supply Chain in North America and Europe

Key Points: 
  • Graphex and Northern intend to diligently and in good faith negotiate the terms of a Joint Venture, including management and ownership percentages, to jointly produce coated spherical graphite anode material for the EV/battery market.
  • Graphex has already secured and is developing a site in Warren, Michigan that is being designed to produce 15,000 tonnes per annum (tpa) of battery anode material, and Northern is evaluating sites in Canada that could accommodate production of up to 200,000 tpa of anode material.
  • We look forward to working with Graphex to establish a secure, transparent supply chain for battery anode material in both North America and Europe."
  • Graphex is the only experienced downstream processor of natural graphite that has announced plans to develop anode material processing plant(s) in North America.

Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners

Retrieved on: 
Saturday, January 7, 2023

JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.

Key Points: 
  • JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.
  • PIS signs MoC with Elite Tankship, signed by the CEO of Elite Tankship, Mangish Kakodkar, and the Director of Operations of PIS, Brilian Perdana.
  • Witnessed by CEO PIS, Yoki Firnandi, President Director Pertamina, Nicke Widyawati, President Commissioner Pertamina, Basuki Tjahaja Purnama, and H.E Ambassador of Indonesia for UAE, Husin Bagis.
  • Elite Tankship, headquartered in Singapore, established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company's pride, in May 2022 for a six-year contract period.

EQS-News: EPTI AB: EPTI divests 77 percent of the shares in Invajo AB

Retrieved on: 
Sunday, January 22, 2023

EPTI AB (publ) (“EPTI”) has today entered into an agreement to divest 77 percent of the shares in Invajo AB (“Invajo”).

Key Points: 
  • EPTI AB (publ) (“EPTI”) has today entered into an agreement to divest 77 percent of the shares in Invajo AB (“Invajo”).
  • The buyer of the shares is a newly formed Joint Venture company owned by Invajo´s Management and strategic investment partners Jinderman & Partners AB and RLM Invest AB.
  • The buyer acquired 385 shares in Invajo, which corresponds to 77 percent of the shares, the  purchase price is SEK 10 million ("Transaction").
  • EPTI will continue to own 115 shares, which corresponds to 23 percent of the shares in Invajo.

Clearday’s “Companion Robotics” Chosen as a “Revolutionary Elder Care Solution” By TRECS Institute

Retrieved on: 
Wednesday, December 21, 2022

These facilities focus on post-acute and long-term care, including dementia care and rehab services, represent a significant market that Clearday believes, with the Joint Venture, is a breakout opportunity for the Clearday Companion Robot.

Key Points: 
  • These facilities focus on post-acute and long-term care, including dementia care and rehab services, represent a significant market that Clearday believes, with the Joint Venture, is a breakout opportunity for the Clearday Companion Robot.
  • The TRECS Institute is a non-profit organization dedicated to finding new and effective opportunities to better serve America’s growing senior population while reducing costs for the health care system.
  • James Walesa, CEO and Founder of Clearday, said, “The opportunity to work with TRECS’ experienced innovators to accelerate our “Companion Robotics” will be a game changer for the Company.
  • Clearday and TRECS expect to use the Clearday Companion Robot and related services to help support nursing staff to better and more effectively serve their patients.

Investment Deal Signed with Zijin; Pathway to Kharmagtai Production

Retrieved on: 
Wednesday, December 21, 2022

Ltd. (Khuiten), which holds a 76.5% effective interest in the Kharmagtai copper-gold project (Kharmagtai).

Key Points: 
  • Ltd. (Khuiten), which holds a 76.5% effective interest in the Kharmagtai copper-gold project (Kharmagtai).
  • The significant cash investment by Zijin provides funding for the Pre-Feasibility Study for Kharmagtai (Kharmagtai PFS) which will commence in early 2023 and take the project to a potential Final Investment Decision (FID) as early as 2024.
  • The US$35 million will be used to complete the Kharmagtai PFS, continue exploration and support associated expenditure on the project’s development.
  • Upon delivery of the Kharmagtai PFS, Xanadu will have certain rights to partially or fully selldown its project interest in Kharmagtai to Zijin.

Navigator Holdings Ltd. Announces First Vessel Acquisition Under 60/40 Joint Venture with Greater Bay Gas

Retrieved on: 
Tuesday, December 20, 2022

LONDON and NEW YORK, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator” or “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that following the formation of its 60/40 joint venture with Greater Bay Gas Co. Ltd. (“Greater Bay Gas”), (the “Joint Venture”), previously announced on September 30, 2022, the Joint Venture has today acquired the first of its scheduled five vessels.

Key Points: 
  • LONDON and NEW YORK, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator” or “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that following the formation of its 60/40 joint venture with Greater Bay Gas Co. Ltd. (“Greater Bay Gas”), (the “Joint Venture”), previously announced on September 30, 2022, the Joint Venture has today acquired the first of its scheduled five vessels.
  • The vessel, a 17,000 cbm 2018-built liquefied ethylene gas carrier was renamed Navigator Luna, in recognition of the Navigator and Greater Bay Gas Luna Pool collaboration arrangement (the “Luna Pool”).
  • Mads Peter Zacho, Chief Executive Officer of Navigator, said:
    “We are very pleased to have already purchased the first vessel under our joint venture with Greater Bay, having signed our agreement in late September.
  • I look forward to continuing our relationship with Greater Bay and welcoming the planned five vessels into the Navigator fleet.”
    Mr. Steven Xiao, Director of Greater Bay Gas, commented:
    “By agreeing this joint venture with Navigator, we have widened our business opportunities and our exposure to the liquefied gas transportation industry at a time when demand for shipping is only increasing.

LTC Invests $128 Million in 12 Assisted Living/Memory Care Properties in North Carolina

Retrieved on: 
Thursday, January 5, 2023

LTC Properties, Inc. (NYSE: LTC) a real estate investment trust that primarily invests in seniors housing and health care properties, today announced an approximate $128 million investment in 12 assisted living/memory care properties (a combined 937 licensed beds in 568 units).

Key Points: 
  • LTC Properties, Inc. (NYSE: LTC) a real estate investment trust that primarily invests in seniors housing and health care properties, today announced an approximate $128 million investment in 12 assisted living/memory care properties (a combined 937 licensed beds in 568 units).
  • The communities are located throughout North Carolina and are currently owned and operated by an existing LTC partner.
  • Joint Venture: Approximately $117 million of LTC’s $128 million investment is for a 97% ownership in a $121 million joint venture with the current operator for the purchase of 11 properties.
  • Senior Mortgage Loan: Approximately $11 million of the $128 million investment is a senior mortgage loan to refinance one property.