Minerals

Westwater Resources Provides Energy Materials Business Update

Friday, April 3, 2020 - 3:00pm

Westwater Resources, Inc. (Nasdaq: WWR), an energy materials development company, is pleased to provide an update on its energy materials business.

Key Points: 
  • Westwater Resources, Inc. (Nasdaq: WWR), an energy materials development company, is pleased to provide an update on its energy materials business.
  • Second, we wanted to remind our shareholders that we continue to execute the Coosa Project business plan that develops our battery materials manufacturing business here in the United States where we can offer our prospective customers improved supply line diversity and security.
  • Our uranium business offers our potential customers this sort of security as well.
  • Approval of this budget would have real time positive consequences for Westwater Resources and its large base of uranium mineral rights and its base of licensed processing capacity.

Buenaventura Concludes Refinancing of US$ 275 Million Syndicated Loan Facility

Friday, April 3, 2020 - 1:28pm

(Buenaventura or the Company) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Perus largest publicly-traded precious metals mining company, today announced the successful refinancing of a US$ 275 million syndicated loan facility- arranged by joint bookrunners and lead arrangers BBVA, BCP/Credicorp Capital and Ita- extending the Companys current maturities at a reduced rate of interest while improving other loan-related financial conditions.

Key Points: 
  • (Buenaventura or the Company) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Perus largest publicly-traded precious metals mining company, today announced the successful refinancing of a US$ 275 million syndicated loan facility- arranged by joint bookrunners and lead arrangers BBVA, BCP/Credicorp Capital and Ita- extending the Companys current maturities at a reduced rate of interest while improving other loan-related financial conditions.
  • The new term loan increases both the capacity and overall tenor of our debt.
  • Buenaventura received strong support for the refinancing, a testament to the strength of our business and medium- to long-term growth profile."
  • Maturity for the new loan facility has been set for a new five-year term loan with a 30-month grace period, with semi-annual installments starting in October 2022.

New Gold Announces Restart of the Rainy River Mine

Friday, April 3, 2020 - 1:00pm

Rainy River Mine management will continue to work with surrounding Indigenous and local communities to implement and coordinate actions that will reduce the risk of the spread of COVID-19.

Key Points: 
  • Rainy River Mine management will continue to work with surrounding Indigenous and local communities to implement and coordinate actions that will reduce the risk of the spread of COVID-19.
  • New Gold has taken numerous steps to contain and reduce the spread of COVID-19.
  • New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines as well as the 100% owned Blackwater development project.
  • New Golds vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility.

Karma Automotive's New Power Inverters Enhance Electric Vehicle Charging

Thursday, April 2, 2020 - 6:52pm

IRVINE, Calif., April 2, 2020 /PRNewswire/ --Karma Automotive, the Southern California-based high-tech incubator and creator of luxury electric vehicles, has entered the final stage of development for two new Silicon Carbide (SiC) Inverters to enhance electric mobility charging.

Key Points: 
  • IRVINE, Calif., April 2, 2020 /PRNewswire/ --Karma Automotive, the Southern California-based high-tech incubator and creator of luxury electric vehicles, has entered the final stage of development for two new Silicon Carbide (SiC) Inverters to enhance electric mobility charging.
  • The new SiC traction inverters are engineered in-house by Karma's Powertrain Power Electronics team, in collaboration with the Power Electronic System Laboratory at University of Arkansas (PESLA).
  • Engineered to deliver enhanced efficiency and performance, the SiC traction inverters will be used in both future Karma vehicles and company partners.
  • This flexible architecture design in a 400V system can be customized to fit various vehicle platforms and is also available in 800V power levels to leverage higher voltage for fast charging.

PENTWATER FILES PROXY CIRCULAR FOR SHAREHOLDERS OF TURQUOISE HILL RESOURCES LTD. (TSX:TRQ) (NYSE:TRQ)

Thursday, April 2, 2020 - 9:00pm

Turquoise Hill shareholders have suffered massive value destruction at the hands of Rio Tinto, which operates the Oyu Tolgoi Project (allegedly under the watchful eye of Oyu Tolgoi's majority owner, Turquoise Hill) while also being the majority shareholder of Turquoise Hill.

Key Points: 
  • Turquoise Hill shareholders have suffered massive value destruction at the hands of Rio Tinto, which operates the Oyu Tolgoi Project (allegedly under the watchful eye of Oyu Tolgoi's majority owner, Turquoise Hill) while also being the majority shareholder of Turquoise Hill.
  • Rio Tinto exercises effective control over the selection and nomination of Turquoise Hills "independent directors", without any meaningful input from Turquoise Hill's minority shareholders.
  • Turquoise Hill's directors lack sufficient independence from Rio Tinto, and their financial incentives are not aligned with the interests of Turquoise Hill or its minority shareholders.
  • Turquoise Hill shareholders have the opportunity to initiate much-needed change, to restore accountability and to safeguard minority shareholder interests in Turquoise Hill.

APMEX Helps Regional Food Bank of Oklahoma Match $1 Million in Donations

Thursday, April 2, 2020 - 6:03pm

The donation helped the Regional Food Bank of Oklahoma (RFBO) meet its goal of creating a $1 million fund to match other donations to combat hunger during the COVID-19 pandemic.

Key Points: 
  • The donation helped the Regional Food Bank of Oklahoma (RFBO) meet its goal of creating a $1 million fund to match other donations to combat hunger during the COVID-19 pandemic.
  • During this global crisis, our employees are proud to turn their energies into supporting our longtime partner, the Regional Food Bank.
  • Deb Bunting, interim CEO of the Regional Food Bank, said financial support from companies like APMEX is more important now than ever before.
  • The Regional Food Bank of Oklahoma is leading the fight against hunger in 53 counties in central and western Oklahoma and envisions a state where everyone, regardless of circumstance, has access to nutritious food.

Sandstorm Gold Royalties Announces 2020 First Quarter Sales and Renews Normal Course Issuer Bid

Thursday, April 2, 2020 - 12:00pm

Sandstorm Gold Ltd. (Sandstorm Gold Royalties, Sandstorm or the Company) (NYSE: SAND, TSX: SSL) is pleased to announce the Company has sold approximately 13,400 attributable gold equivalent ounces1 and realized preliminary revenue2 of $21.3 million during the three months ended March 31, 2020.

Key Points: 
  • Sandstorm Gold Ltd. (Sandstorm Gold Royalties, Sandstorm or the Company) (NYSE: SAND, TSX: SSL) is pleased to announce the Company has sold approximately 13,400 attributable gold equivalent ounces1 and realized preliminary revenue2 of $21.3 million during the three months ended March 31, 2020.
  • The Companys normal course issuer bid (NCIB) is being renewed after the existing NCIB expires on April 4, 2020.
  • Since the announcement of the Buyback on November 15, 2018, Sandstorm has bought back approximately 15.5 million Common Shares.
  • Sandstorm plans to grow and diversify its low cost production profile through the acquisition of additional gold royalties.

Ingevity announces details for upcoming Pavement Technologies webinar

Thursday, April 2, 2020 - 11:15am

Ingevity Corporation (NYSE:NGVT) today announced that it will hold a live webinar to review and discuss its Pavement Technologies business on April 16, 2020, at 10 a.m. (Eastern Time).

Key Points: 
  • Ingevity Corporation (NYSE:NGVT) today announced that it will hold a live webinar to review and discuss its Pavement Technologies business on April 16, 2020, at 10 a.m. (Eastern Time).
  • Presenters will include Mike Smith, executive vice president and president, Performance Chemicals, and Andrew Crow, vice president, Pavement Technologies.
  • The Pavement Technologies webinar will be conducted via webcast and can be accessed through Ingevitys Investor Relations site, or via this link: Ingevity Pavement Technologies webinar .
  • For those unable to join the live event, a replay of the webinar will be available beginning at approximately 2 p.m. (Eastern Time) on April 16, 2020, through May 16, 2020, at: Ingevity Pavement Technologies webinar replay .

Global Aluminum Oxide Market Analysis, Trends, and Forecasts 2019-2025 - ResearchAndMarkets.com

Thursday, April 2, 2020 - 10:23am

The "Aluminum Oxide - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Aluminum Oxide - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
  • The Aluminum Oxide market worldwide is projected to grow by 40 Million Metric Tons, driven by a compounded growth of 4.8%.
  • Poised to reach over 97.2 Million Metric Tons by the year 2025, Metallurgical will bring in healthy gains adding significant momentum to global growth.
  • In Japan, Metallurgical will reach a market size of 5.4 Million Metric Tons by the close of the analysis period.

Global SCR Power Controller Market Analysis, Trends, and Forecasts 2019-2025 - ResearchAndMarkets.com

Thursday, April 2, 2020 - 10:21am

The "SCR Power Controller - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "SCR Power Controller - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
  • The SCR Power Controller market worldwide is projected to grow by US$50.8 Million, driven by a compounded growth of 4.7%.
  • Metals, one of the segments analyzed and sized in this study, displays the potential to grow at over 5%.
  • Poised to reach over US$62.4 Million by the year 2025, Metals will bring in healthy gains adding significant momentum to global growth.