CIM

CIM Real Assets & Credit Fund Announces Significant Reduction in Incentive Fee

Retrieved on: 
Monday, December 4, 2023
Finance, Other Construction & Property, Professional Services, Commercial Building & Real Estate, Construction & Property, Suite, Fund, Indian stock exchange, Investment, Risk, Ticker, Overweight, RACR, Capital loss, Tax, CIM, Prospectus, FINRA, Real assets, Interval, Bank, Life insurance

CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its investment adviser has agreed to a reduction in its incentive fee to 15% (from 20%), effective immediately.

Key Points: 
  • CIM Real Assets & Credit Fund (“CIM RACR” or the “Fund”) announced today that its investment adviser has agreed to a reduction in its incentive fee to 15% (from 20%), effective immediately.
  • The Fund has a long-term target allocation of 70% credit (both real estate and corporate credit) and 30% direct private real assets and deploys capital based on market opportunity.
  • CCO Capital, LLC, Member FINRA/SIPC, is the exclusive wholesale marketing agent for CIM Real Assets & Credit Fund.
  • Investors should consider the investment objectives, risks, charges and expenses of the CIM Real Assets & Credit Fund (the “Fund” or “CIM RACR”) carefully before investing.

CIM Group Closes $47.5 Million Loan for Refinance of The View 168-Unit Apartment Building in Los Angeles

Retrieved on: 
Monday, November 27, 2023
Finance, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Heart, CIM, Entrepreneurship, BGO, CIM Group, Restaurant

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that its CIM Real Estate Debt Solutions business closed a $47.5 million loan on behalf of a CIM-managed fund to a joint venture between MWest Holdings and BGO to refinance The View apartment building in the Koreatown neighborhood of Los Angeles.

Key Points: 
  • CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that its CIM Real Estate Debt Solutions business closed a $47.5 million loan on behalf of a CIM-managed fund to a joint venture between MWest Holdings and BGO to refinance The View apartment building in the Koreatown neighborhood of Los Angeles.
  • The View offers studio, one- and two-bedroom units in a variety of floorplans and a wealth of premier on-site amenities.
  • CIM Group had acquired The View in August 2013 following the completion of a comprehensive renovation of the property originally built in 1965.
  • MWest and BGO then acquired The View in December 2018 after CIM Group completed a host of improvements to the residences and the property’s leasing and management.

Neurophos Raises $7.2 Million Round to Create Super-fast, Energy-Efficient Metamaterial-Based Optical AI Chips for Data Centers

Retrieved on: 
Thursday, December 14, 2023
Memory operations per second, Engineering, Creativity, Physics, IP, Duke University, Instrument, Silicon, Running, OPEX, Intellectual property, Element, Ecosystem, Computer engineering, PDK, Intel, Graphics processing unit, CIM, Trillion, Electricity, DNN, CAPEX, Process, Semiconductor, Hopper (microarchitecture), Photonics, CMOS, Experiential learning, Electrical engineering, LLM, MEMS, Architecture, Video game, Microscope, Computer data storage, AI, Nvidia

AUSTIN, Texas, Dec. 14, 2023 /PRNewswire-PRWeb/ -- Neurophos, a spinout from Duke University and Metacept Inc., has raised a $7.2M USD seed round to productize a breakthrough in both metamaterials and optical AI inference chips.

Key Points: 
  • Neurophos has raised a $7.2M USD seed round to productize a breakthrough in metamaterials and optical AI inference chips.
  • AUSTIN, Texas, Dec. 14, 2023 /PRNewswire-PRWeb/ -- Neurophos, a spinout from Duke University and Metacept Inc ., has raised a $7.2M USD seed round to productize a breakthrough in both metamaterials and optical AI inference chips.
  • Neurophos' optical metasurfaces are designed for use in data centers and their approach is already shattering world records in computational energy efficiency.
  • Neurophos plans to use high-speed silicon photonics to drive a metasurface in-memory processor capable of fast, efficient, AI compute.

Hot Chili Materially Improves Option Terms for Costa Fuego Coastal Copper Hub in Chile

Retrieved on: 
Thursday, December 7, 2023
Social, MRE, PEA, Disclosure, Hot Chili, Mineral, Technical report, AG, AIG, National Instrument 43-101, Growth, Mineral Resources Limited, Copper, Multimedia, Person, Partners for Community Impact, Molybdenum, Public expenditure, Mineral resource estimation, National instrument, Meal, Ready-to-Eat, Metallurgy, CIM, Resource, GAC, Guideline, Definition, News, Project, Competent person, Silver, Annual report, Society, TSX Venture Exchange, Exercise, Reserve, Table, MAIG, Mining, Security (finance), Cryptocurrency, Audit, Online shopping, Uranium mining, Productora de Software, Petroleum, Cortaderas, Frontera, Option

Disclosure regarding mine planning and infrastructure has been reviewed and approved by Mr Grant King, FAUSIMM, Hot Chili's Chief Operations Officer, and a qualified person within the meaning of NI 43-101.

Key Points: 
  • Disclosure regarding mine planning and infrastructure has been reviewed and approved by Mr Grant King, FAUSIMM, Hot Chili's Chief Operations Officer, and a qualified person within the meaning of NI 43-101.
  • Refer to ASX Announcement "Hot Chili Delivers Next Level of Growth" ("Resource Announcement") for JORC Code Table 1 information related to the Costa Fuego Resource Estimate (MRE) by Competent Person Elizabeth Haren, constituting the MREs of Cortadera, Productora and San Antonio (which combine to form Costa Fuego).
  • Hot Chili confirms it is not aware of any new information or data that materially affects the information included in the Resource Announcement and all material assumptions and technical parameters stated for the Mineral Resource Estimates in the Resource Announcement continue to apply and have not materially changed.
  • 10 Hot Chili Limited is not aware of political, environmental or other risks that could materially affect the potential development of the Mineral Resources.

In Excess of 5.4 Million Indicated Tonnes Grading 1.05 % NiEq and 1.8 Million Inferred Tonnes Grading 1.35 % NiEq

Retrieved on: 
Wednesday, November 29, 2023
National instrument, QP, MRE, Density, Mineral Resources Limited, Metallurgy, Mineral resource estimation, Inference, Database, CAD, Nature, Mining, Pit, Metric, Marketing, CIM, Metal, Person, Table, Resource, XPS, BBA, Kriging, Uranium mining, Palladium, Lithium, Platinum, Cobalt, Copper, Nickel

These mineral resources are not mineral reserves as they do not have demonstrated economic viability.

Key Points: 
  • These mineral resources are not mineral reserves as they do not have demonstrated economic viability.
  • The constraining pit shell was developed using overall pit slopes of 45 degrees in bedrock and 25 degrees in overburden.
  • The reader is cautioned that the numbers presented in the following tables should not be misconstrued with a mineral resource statement.
  • Table 2 - 2023 Nisk Project Mineral Resource Estimate – Sensitivity of the block model at various cut-off grades.

Massivit to Showcase at IAAPA Expo the Company's First Flame-Retardant 3D Printing Material Available for Use with 10000-G

Retrieved on: 
Monday, November 13, 2023
Safety, Confidentiality, ASTM, CAD, CIM, Digital technology, Interview, E84, 3D, IAAPA, TASE, LOD, 3D printing, Massivit

LOD, Israel, Nov. 13, 2023 /PRNewswire/ -- Massivit 3D Printing Technologies (TASE: MSVT), a leading provider of industrial 3D printing systems, has announced the company will release a newly available flame-retardant 3D-printing material, CIM 84 , at the IAAPA Expo in Orlando taking place on November 14-17. This casting material, now available for use with the company's Massivit 10000-G additive manufacturing system, provides a long-awaited response to the entertainment industry's demand for digital fabrication in accordance with industry flame-retardancy regulations.

Key Points: 
  • LOD, Israel, Nov. 13, 2023 /PRNewswire/ -- Massivit 3D Printing Technologies (TASE: MSVT), a leading provider of industrial 3D printing systems, has announced the company will release a newly available flame-retardant 3D-printing material, CIM 84 , at the IAAPA Expo in Orlando taking place on November 14-17.
  • This casting material, now available for use with the company's Massivit 10000-G additive manufacturing system, provides a long-awaited response to the entertainment industry's demand for digital fabrication in accordance with industry flame-retardancy regulations.
  • CIM 84 is the first 3D-printing material certified for ASTM E84 Class A fire & safety requirements – a regulation demanded by major theme parks and entertainment venues.
  • At the IAAPA Expo, attendees will be able to experience live printing sessions on the Massivit 10000-G system at the Massivit Booth #1674 throughout the course of the event.

Mirasol Increases Virginia Silver Resource in Argentina

Retrieved on: 
Thursday, November 9, 2023
Resource, Technical report, Deposit, Mineral Resources Limited, News, CIM, National instrument, Silver, Independent, Metallurgy, National Instrument 43-101, Mineral, Uranium mining, Rare-earth element, Mining, Petroleum

They are both Independent Qualified Persons’ as defined by National Instrument 43-101 Standard Disclosure for Mineral Projects who reviewed and validated the resource model previously prepared (original Virginia Mineral Resource Report dated January 23, 2015 and the Amended Resource Report dated February 29, 2016).

Key Points: 
  • They are both Independent Qualified Persons’ as defined by National Instrument 43-101 Standard Disclosure for Mineral Projects who reviewed and validated the resource model previously prepared (original Virginia Mineral Resource Report dated January 23, 2015 and the Amended Resource Report dated February 29, 2016).
  • Future drilling at Virginia will focus on increasing the inferred silver resources.
  • The original Mineral Resources referenced in this press release regarding the Virginia Project refers to the technical report: "Virginia Project, Santa Cruz Province, Argentina - Initial Silver Mineral Resource Estimate", with an effective date of January 23, 2015, and authored by Donald F. Earnest P. Geo.
  • The amended Mineral Resources referenced in this press release regarding the Virginia Project refers to the technical report: "Amended Technical Report, Virginia Project, Santa Cruz Province, Argentina - Initial Silver Mineral Resource Estimate", with an effective date of February 29, 2016, and authored by Donald F. Earnest P. Geo.

Brian Carney joins Mawer Investment Management Ltd. as Fixed Income Portfolio Manager

Retrieved on: 
Monday, November 6, 2023
CIM, Research

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Mawer Investment Management Ltd. (Mawer) is pleased to announce that Brian Carney, CIM, has joined the firm today as a fixed income portfolio manager focusing on global credit strategies.

Key Points: 
  • CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Mawer Investment Management Ltd. (Mawer) is pleased to announce that Brian Carney, CIM, has joined the firm today as a fixed income portfolio manager focusing on global credit strategies.
  • “We’re excited to have Brian on board,” says Vijay Viswanathan, Director of Research.
  • “He brings a unique perspective and extensive experience which will not only add value to our fixed income strategies and the broader research platform, but also our clients.”
    Mr. Carney brings over 30 years of investment industry experience to Mawer.
  • He has held roles with responsibilities spanning portfolio management, corporate research, counterparty risk management, rating agency advisory, syndication, and trading.

American Lithium Announces 476% Increase in Measured + Indicated Lithium Resources at Falchani – Adds K, Cs and Rb to Block Model

Retrieved on: 
Tuesday, October 31, 2023
Diamond, Lithium, ROM, Finniss Lithium Project, UTM, Court, Hexagon, Classification, Lithium carbonate, Mining, TLC, Person, Technical report, Insurance, Resource, Health, Economics, Lithology, Dispute resolution, News, INGEMMET, Administration, Esmeralda, Laboratory, TSX Venture Exchange, Navitas Land and Mineral Corporation, ISO 9000, Government, MINEM, Downhole safety valve, SEDAR, Geology, Legislation, MRE, CIM, National instrument, WGS, Consultant, Accident, NI, World Geodetic System, Failure, Cryptocurrency, Uranium mining, Macusani

The geologic model from which lithium resources are reported is a 3D block model developed using the World Geodetic System (WGS) 1984 UTM Zone 19S and is in metric units.

Key Points: 
  • The geologic model from which lithium resources are reported is a 3D block model developed using the World Geodetic System (WGS) 1984 UTM Zone 19S and is in metric units.
  • Modeling method and approach is development of a multiple ore percent standard block model with interpretation of geologic controls on mineralization based on exploration data.
  • American Lithium is actively engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas.
  • American Lithium has no assurance that the outcome of these appeals will be in the Company’s favour.

Nicola Wealth Welcomes Wealth Advisors Martine Cunliffe and Robert Gareau to Its Expanding Team

Retrieved on: 
Wednesday, October 25, 2023
Umbrella, CFP, CIBC, Student Investment Advisory Service, Guilé Foundation, Certification, CIM, UBS, Canadian Securities Institute, Senior, Public sector, Portfolio manager, Investment, Financial services

Vancouver, BC, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Nicola Wealth Management Ltd. (Nicola Wealth), one of Canada's fastest-growing independent wealth management firms, is proud to announce the appointment of two highly accomplished wealth advisors, Martine Cunliffe and Robert Gareau, to its wealth advisory team.

Key Points: 
  • Vancouver, BC, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Nicola Wealth Management Ltd. (Nicola Wealth), one of Canada's fastest-growing independent wealth management firms, is proud to announce the appointment of two highly accomplished wealth advisors, Martine Cunliffe and Robert Gareau, to its wealth advisory team.
  • "The addition of Martine in Vancouver and Robert in Victoria underscores our unwavering commitment to delivering exceptional full-service wealth advisory solutions for our clients nationwide as part of our ongoing journey to build a truly remarkable advisory team."
  • Ms. Cunliffe joins Nicola Wealth as a Wealth Advisor | Client Relationship Manager based in Vancouver, British Columbia.
  • Mr. Gareau joins Nicola Wealth’s expanding team in Victoria, British Columbia, where a new office has recently been opened.