Australian Securities Exchange

Jeff Olsen, President and CEO of Boart Longyear, Joins Savage Board of Directors

Retrieved on: 
Tuesday, October 24, 2023
Australian Securities Exchange, University, Master of Business Administration, Xerox, Iron, Savage, Rio Tinto, Pacific Coast Borax Company, Business administration, Boart Longyear, Business, Master, Chief commercial officer, Bachelor of Arts, Rio Tinto (corporation), Management

MIDVALE, Utah, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Savage is pleased to announce that Jeff Olsen, President and CEO of Boart Longyear, has joined its Board of Directors.

Key Points: 
  • MIDVALE, Utah, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Savage is pleased to announce that Jeff Olsen, President and CEO of Boart Longyear, has joined its Board of Directors.
  • The company also has a substantial presence in aftermarket parts and service, energy, mine de-watering, oil sands exploration, production drilling, and down-hole instrumentation.
  • “Jeff Olsen brings a wealth of experience and a distinguished career that will be valuable to our Board of Directors,” said Kirk Aubry, Savage President and Chief Executive Officer.
  • Before joining Boart Longyear, he served as Chief Commercial Officer for Rio Tinto's Iron and Titanium business since 2010.

Mobilicom Exclusively Trading on Nasdaq

Retrieved on: 
Thursday, October 19, 2023
ASX, Growth, MOB, Australian Securities Exchange, Robotics, Cryptocurrency, Management, Shoham

Shoham, Israel, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced its stock is trading exclusively trading on the Nasdaq Capital Market effective October 19, 2023.

Key Points: 
  • Shoham, Israel, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Mobilicom Limited (Mobilicom or the Company, NASDAQ: MOB, MOBBW), a provider of cybersecurity and robust solutions for drones and robotics, today announced its stock is trading exclusively trading on the Nasdaq Capital Market effective October 19, 2023.
  • The Company’s stock was previously dual listed and traded on the Australian Stock Exchange (ASX) under the ticker MOB.
  • “Mobilicom made a strategic decision to focus exclusively on the U.S. capital markets, as this reflects Mobilicom’s business operations and customer presence in the U.S. and in global markets,” stated Mobilicom CEO and Founder Oren Elkayam.
  • Being solely traded on Nasdaq will enable Mobilicom to eliminate ASX-related administrative expenses.”

AVITA Medical Announces Preliminary Third Quarter 2023 Financial Highlights and Secures up to $90 million of Non-Dilutive Debt Financing with OrbiMed to Support Growth Initiatives

Retrieved on: 
Wednesday, October 18, 2023
ASX, Australian Securities Exchange, OrbiMed, Avita Medical, Warrant, Credit agreements in South Africa, General partnership, Credit, AVH, Regenerative medicine, Security agreement, Pharmaceutical industry

The non-dilutive capital provides financial flexibility to support portfolio expansion, global initiatives, and the further development and commercialization of approved indications.

Key Points: 
  • The non-dilutive capital provides financial flexibility to support portfolio expansion, global initiatives, and the further development and commercialization of approved indications.
  • For the third quarter ended September 30, 2023, preliminary commercial revenue was $13.5 million, a 50% increase compared to approximately $9.0 million for the same period in 2022.
  • AVITA Medical also issued OrbiMed a warrant to purchase 409,661 shares of the Company’s common stock, with an exercise price of $10.9847.
  • “After another strong quarter, we are excited to be partnering with OrbiMed,” said Jim Corbett, Chief Executive Officer of AVITA Medical.

Ghana Issues Mining Lease for Ewoyaa Project

Retrieved on: 
Tuesday, October 24, 2023
EV, Electric Vehicles, Other Energy, Other Natural Resources, Mining, Minerals, Alternative Energy, Alternative Vehicles, Fuels, Energy, Automotive, Natural Resources, Other Manufacturing, Automotive Manufacturing, Other Automotive, Manufacturing, Lithium, Comment, ASX, Australian Securities Exchange, Weather, PLL, AIM, Life, Legislation, United States Environmental Protection Agency, Acquisition, Project, Transport, Risk, Piedmont Lithium, Minerals Income Investment Fund, Accident, ALL, Atlantic Ocean

Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that Ghana’s Ministry of Lands and Natural Resources has granted a mining lease for the Ewoyaa Lithium Project (“Ewoyaa” or the “Project”), which is being developed by Piedmont and its partner, Atlantic Lithium Limited (“Atlantic Lithium”).

Key Points: 
  • Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading global supplier of lithium resources critical to the U.S. electric vehicle supply chain, today announced that Ghana’s Ministry of Lands and Natural Resources has granted a mining lease for the Ewoyaa Lithium Project (“Ewoyaa” or the “Project”), which is being developed by Piedmont and its partner, Atlantic Lithium Limited (“Atlantic Lithium”).
  • The mining lease provides exclusive rights to carry out lithium mining and commercial production activities for an initial 15-year period and is renewable in accordance with Ghanaian legislation.
  • Prior to starting construction, an approval by the Environmental Protection Agency of Ghana also will be required.
  • The issuance of Ghana’s first mining lease for lithium demonstrates clear support for the Ewoyaa Lithium Project and the opportunity it presents for the country and local communities,” said Brindle.

SUN COMMUNITIES, INC. ANNOUNCES PLANNED DISPOSITION OF STAKE IN INGENIA

Retrieved on: 
Thursday, October 12, 2023
Partnership, RV, NYSE, Australian Securities Exchange, MH, SUI, Sun Communities, INA, Trust, Sale, Housing, Automotive industry, Ingenia

The sale is anticipated to generate a minimum net proceeds of US$100 million.

Key Points: 
  • The sale is anticipated to generate a minimum net proceeds of US$100 million.
  • In 2018, the Company entered a joint venture partnership with, and concurrently subscribed for a stake in, Ingenia, a leading owner, operator and developer of senior manufactured housing communities and holiday resorts in Australia.
  • In August 2023, the Company agreed terms to extend its joint venture partnership with Ingenia for a further seven years.
  • Separate from the Sungenia joint venture, the Company has decided to dispose of its direct holdings in Ingenia shares and to use the net proceeds to pay down debt.

Piedmont Lithium Partners With Vinland Lithium to Advance the Killick Lithium Project in Newfoundland

Retrieved on: 
Wednesday, October 11, 2023
Semiconductor, Mining, Minerals, Technology, Batteries, Mobile, Wireless, Natural Resources, Lithium, Partnership, Multimedia, Initial, Piedmont Lithium, Acquisition, ASX, Australian Securities Exchange, PLL, Project, Weather, Risk, Transport, Legislation, NSR, AIM, Marketing, Comment, Sale, Accident, Frequency addition source of optical radiation, ALL, Carolina, Soil, Security (finance), Uranium mining

Piedmont has agreed to pay C$2 million for a 19.9% equity interest in Vinland Lithium Inc. (“Vinland Lithium”), a new entity established with Sokoman Minerals Corp. (“Sokoman Minerals”) (40.1%) and Benton Resources Inc. (“Benton Resources”) (40.1%).

Key Points: 
  • Piedmont has agreed to pay C$2 million for a 19.9% equity interest in Vinland Lithium Inc. (“Vinland Lithium”), a new entity established with Sokoman Minerals Corp. (“Sokoman Minerals”) (40.1%) and Benton Resources Inc. (“Benton Resources”) (40.1%).
  • The Company also may earn up to a 62.5% equity interest in Killick Lithium Inc., a wholly-owned subsidiary of Vinland Lithium holding a 100% interest in the Killick Lithium Project (“Killick Lithium” or the “Project”), through a staged investment agreement.
  • View the full release here: https://www.businesswire.com/news/home/20231011399097/en/
    Geologically, the Killick Lithium property is analogous to the Carolina Tin-Spodumene Belt, which hosts Piedmont’s Carolina Lithium project.
  • Killick Lithium grants Piedmont exclusive marketing rights for the promotion and sale of any lithium products produced from the Project on a life of mine basis.

NORGE MINING PLC (“Norge Mining” or the “Company”): JORC Resource at Skeipstad Confirms High Grade Vanadium and Titanium

Retrieved on: 
Monday, October 9, 2023
Natural Resources, Manufacturing, Other Natural Resources, Mining, Minerals, Machine Tools, Metalworking & Metallurgy, Competent person, Mineral, Doctor of Philosophy, Vanadium, Australasian Institute of Mining and Metallurgy, Geology, Mineral resource classification, Australian Securities Exchange, Competence, Titanium, SRK, Titanium dioxide, Geological Society of London, Resource, High grading, Committee, Minerals Council of Australia, FGS, Iron(II,III) oxide, Metallurgy, Mineral Resources Limited, V2O5, International, Uranium mining, Iron ore

Magnetite (Fe3O4) has, however, been reported for the first time in the latest 2023 resource as testwork has indicated this does have the potential to be recovered.

Key Points: 
  • Magnetite (Fe3O4) has, however, been reported for the first time in the latest 2023 resource as testwork has indicated this does have the potential to be recovered.
  • After the roast/leach test work the vanadium in solution was purified and calcined to produce commercial grade vanadium pentoxide.
  • The overall recovery of vanadium as vanadium pentoxide achieved in this testwork from the magnetite concentrate to (calcined) vanadium pentoxide was in the range of 72% to 80%.
  • This geology has resulted in particularly high grades of vanadium and titanium, the quality of which brings the potential for economic extraction by a combination of open pit and underground mining.

NORGE MINING PLC (“Norge Mining” or the “Company”): JORC resource at Storeknuten doubles to almost 2 billion tonnes

Retrieved on: 
Monday, October 9, 2023
Mining, Minerals, Natural Resources, Competent person, Mineral, Doctor of Philosophy, Vanadium, Australasian Institute of Mining and Metallurgy, Mineral resource classification, Australian Securities Exchange, USD, Competence, Titanium, Food, SRK, Titanium dioxide, NSR, Geological Society of London, LFP, Resource, Committee, Minerals Council of Australia, FGS, Metallurgy, Mineral Resources Limited, Canada, International, Uranium mining, Iron ore

The tonnage reported has also been restricted to those blocks which exceeds a Net Smelter Return (NSR) cut-off of USD 16.3/t.

Key Points: 
  • The tonnage reported has also been restricted to those blocks which exceeds a Net Smelter Return (NSR) cut-off of USD 16.3/t.
  • SRK has treated the Storeknuten Hillfort and Eiaveien Road as limiting factors in reporting open pit Mineral Resource (i.e.
  • No other environmental and social risks and issues have been used to limit the reporting of Mineral Resource according to the RPEEE criteria at this stage.
  • Mineral Resources are not Ore Reserves and do not have demonstrated economic viability, nor have any mining Modifying Factors been applied.

Seabury Aviation Group and Seabury Airline Strategy Group Enlist Rob Gurney as Strategic Advisor

Retrieved on: 
Monday, October 9, 2023
Banking, Professional Services, Transportation, Travel, Other Transport, Air, Human Resources, Transport, Finance, Aerospace, Manufacturing, Logistics, Supply Chain Management, Ukrainian Aviation Group, Multimedia, Seabury, Australian Securities Exchange, SAF, Qantas, Tourism Western Australia, Partnership, Aviation, Airline, British Airways

Seabury Aviation Group and Seabury Airline Strategy Group, Inc. (collectively, “Seabury”) announced today the appointment of Rob Gurney as a strategic advisor as part of the companies’ ongoing efforts to bolster Seabury’s capabilities with respect to industry consolidation, digitalization, and sustainability credentials.

Key Points: 
  • Seabury Aviation Group and Seabury Airline Strategy Group, Inc. (collectively, “Seabury”) announced today the appointment of Rob Gurney as a strategic advisor as part of the companies’ ongoing efforts to bolster Seabury’s capabilities with respect to industry consolidation, digitalization, and sustainability credentials.
  • View the full release here: https://www.businesswire.com/news/home/20231005248166/en/
    Rob Gurney, the former CEO of The oneworld Alliance, will bolster Seabury’s capabilities with respect to industry consolidation, digitalization, and sustainability credentials.
  • Gurney has served as a board member of the Asian-based Tour East Group, which he chaired, Australia Tourism Export Council (“ATEC”), Tourism Western Australia, and Tourism & Transport Forum Australia (“TTF”).
  • “Rob’s role in the digital transformation initiatives at oneworld and extensive commercial airline experience, including distribution and sustainability, are a great fit with us at Seabury Airline Strategy Group.”

Beyond the PwC scandal, there’s a growing case for a royal commission into Australia’s ruthless corporate greed

Retrieved on: 
Thursday, September 28, 2023
Ziggy Switkowski, Optus, Boston Consulting Group, Review, National, Harvey Norman, Senate, Distrust, EY, PwC, Culture, Australian Federal Police Association, Juukan Gorge, Telstra, Australian Securities Exchange, McKinsey & Company, Consultant, Government, Medibank, TPMS, Treasury, National Anti-Corruption Commission, Ethics, Growth, Commonwealth, KPMG, Labour, News, Accounting, Financial adviser, Management, Private investigator, Deloitte, COVID

‘Untouchables’ and ‘troublesome practice matters’

Key Points: 
  • ‘Untouchables’ and ‘troublesome practice matters’
    Switkowski found PwC Australia’s culture and governance practices were so weak they led to “integrity failures”.
  • This makes it reasonable to ask whether a culture of ruthless profiteering has infiltrated Australian corporate cultures across the board.
  • After the consultants have been dealt with, there is a case for royal commission into whether Australia’s entire corporate sector is meeting its responsibilities.
  • Read more: My 3-point plan to untangle the public service from consultants such as PwC