JV

Xanadu Enters into New Magmatic Copper and Nickel Sulphide Project

Retrieved on: 
Monday, January 22, 2024

These two licenses make up the Sant Tolgoi Project, which is considered highly prospective for discovery of new magmatic intrusion-related Copper-Nickel systems.

Key Points: 
  • These two licenses make up the Sant Tolgoi Project, which is considered highly prospective for discovery of new magmatic intrusion-related Copper-Nickel systems.
  • Xanadu agrees binding term sheet for Sant Tolgoi, a prospective district scale magmatic copper-nickel project.
  • The Tenement portfolio includes numerous advanced exploration targets with real opportunity for the discovery of significant magmatic copper and nickel mineralisation.
  • STSM may give notice to trigger a negotiated loan from Xanadu with certain interest (≥10%) to their 20% pro rata.

Hotel Equities forms strategic partnership with PPC

Retrieved on: 
Monday, January 22, 2024

ATLANTA, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Hotel owner, operator, and developer Hotel Equities (“HE”) has formed a strategic partnership with private equity firm PPC Enterprises (“PPC”).

Key Points: 
  • ATLANTA, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Hotel owner, operator, and developer Hotel Equities (“HE”) has formed a strategic partnership with private equity firm PPC Enterprises (“PPC”).
  • “This partnership creates a uniquely powerful platform for Hotel Equities to further expand our footprint via strategic growth and meaningful investment into our industry leading talent, infrastructure, training and BI tools.
  • "Hotel Equities has demonstrated a commitment to excellence, innovation, shareholder returns and guest satisfaction," said Thomas Uger, Partner and Head of Business Services for PPC.
  • PPC’s support will further advance our efforts.”
    "This partnership isn't just about financial investment; it's about leveraging synergies, market insights, and strategic foresight to position Hotel Equities for strategic, sustained growth," Joe Reardon, Chief Development Officer for HE, added.

Puma Exploration Executes Definitive Agreement for TIMM Gold Property

Retrieved on: 
Monday, January 22, 2024

Having earned a 70% interest in the TIMM Property, Puma will enter into a JV with the vendor (NB Gold Inc.), carrying the seller for the first $1M of work expenditure.

Key Points: 
  • Having earned a 70% interest in the TIMM Property, Puma will enter into a JV with the vendor (NB Gold Inc.), carrying the seller for the first $1M of work expenditure.
  • The TIMM Property is subject to an underlying agreement between NB Gold Inc. and local prospectors that Puma must satisfy.
  • The “Lavoie/Guitard Royalty” is a 2% production royalty (NSR) payable to Tim Lavoie and Pierre-Luc Guitard pursuant to the Lavoie/Guitard Agreement.
  • NB Gold retains the right of first refusal on the 2% royalty pursuant to the Lavoie/Guitard Agreement held on 76 claim units (NB e-CLAIMS 6129).

CENTOGENE Announces Preliminary Full Year 2023 Revenue

Retrieved on: 
Thursday, January 18, 2024

In the second half of 2023, we experienced a lag in Pharma program timelines, which impacted our full year 2023 Pharma segment revenue.

Key Points: 
  • In the second half of 2023, we experienced a lag in Pharma program timelines, which impacted our full year 2023 Pharma segment revenue.
  • The Company expects to report its full year 2023 results in April, at which time the Company will discuss its 2023 financial results in more detail.
  • The Company’s unaudited, preliminary 2023 revenue results are based on current expectations and may be adjusted as a result of, among other things, completion of annual audit procedures.
  • The foregoing preliminary financial information reflects management’s current expectations with respect to the Company’s financial results for its second half and full year 2023.

Nate's Food Co. Secures Jet Fuel Purchase Order Valued at Nearly $5 Billion

Retrieved on: 
Thursday, January 18, 2024

The deal is structured as follows:

Key Points: 
  • The deal is structured as follows:
    • An initial transaction of 1,000,000 barrels of jet fuel.
  • This purchase order was made possible by our recent joint venture (JV) partnership that was announced last week.
  • This report will provide information on the quality and compliance of the jet fuel, ensuring it meets the highest industry standards.
  • Link to Platts Pricing for Jet Fuel: Platts Pricing for Jet Fuel .

Global EV Battery Enclosures Market Report 2023: Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunities 2022-2030 - ResearchAndMarkets.com

Retrieved on: 
Monday, January 29, 2024

Some of the key developments have been mentioned below:

Key Points: 
  • Some of the key developments have been mentioned below:
    Multi-Material EV Battery Enclosures: Composite materials and metals are used to make battery enclosures (aluminum and steel).
  • Advanced Thermal Management Systems: Many companies are focusing on developing advanced thermal management systems for battery enclosures to improve temperature control and prolong battery life.
  • Metal enclosures are preferred due to their lower cost compared to composite enclosures, and many major companies provide metal battery enclosures.
  • China is the world's largest producer and consumer of EVs and is home to several major EV battery enclosure producers.

Adani Has Emerged Stronger, Says Gautam Adani in a Statement, a Year Post Short-seller's Attack

Retrieved on: 
Thursday, January 25, 2024

The following is a statement provided by Adani Group Chairman Gautam Adani:

Key Points: 
  • The following is a statement provided by Adani Group Chairman Gautam Adani:
    This press release features multimedia.
  • This, however, was a unique two-dimensional attack – a financial one, of course, and also one that played out into the political space – each feeding off the other.
  • The trials and tribulations of the past year have taught us valuable lessons, made us stronger and reaffirmed our faith in Indian institutions.
  • I believe we have emerged even stronger from this experience and even more unwavering in our resolve to continue our humble contribution to the India growth story.

Montana Technologies and GE Vernova Agree to Form a Joint Venture to Manufacture Transformational Air Conditioning and Atmospheric Water Harvesting Products

Retrieved on: 
Monday, January 29, 2024

RONAN, Mont., Jan. 29, 2024 /PRNewswire/ -- Montana Technologies LLC ("Montana") today announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova's proprietary sorbent materials into systems that utilize Montana's patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. Pending customary closing conditions, the transaction is anticipated to close in the first quarter of this year. 

Key Points: 
  • The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia.
  • The joint venture will also leverage Montana's global supply agreement with BASF, which is expected to supply the new sorbent materials at production scale.
  • "Our joint venture with Montana is an opportunity to make an important impact on our world, our environment, and our future."
  • Combining GE Vernova's proprietary sorbents and coating processes with Montana's AirJoule® technology is expected to improve the atmospheric water harvesting efficiency of the AirJoule® system.

Apex Signs Energy Storage Joint Venture with SK Gas and SK D&D

Retrieved on: 
Wednesday, January 17, 2024

Apex Clean Energy today announced a joint venture with SK Gas, Korea’s leading energy company, and SK D&D, Korea’s leading green energy developer, to own energy storage facilities in the United States.

Key Points: 
  • Apex Clean Energy today announced a joint venture with SK Gas, Korea’s leading energy company, and SK D&D, Korea’s leading green energy developer, to own energy storage facilities in the United States.
  • The joint venture, SA Grid Solutions, owns Great Kiskadee, a utility-scale battery project under construction in Texas, and anticipates purchasing and advancing additional Apex storage projects in the future.
  • The joint venture is funded 60% by SK and 40% by Apex, which will manage the construction and subsequent operations and optimization of the facility and any to come.
  • “Great Kiskadee represents the first project in this shared vision, with the potential for hundreds more megawatts of energy storage to come,” said Ken Young, Apex Clean Energy CEO.

IBC Creates Subsidiary - GreenLiT Pure Lithium, Inc. - to Meet Booming Lithium Demand using IBC's Proprietary Direct Lithium to Product™ (DLP™) Process

Retrieved on: 
Thursday, January 25, 2024

AMERICAN FORK, Utah, Jan. 25, 2024 /PRNewswire/ -- GreenLiT Pure Lithium, Inc. (GreenLiT™), a wholly-owned subsidiary of IBC Advanced Technologies, Inc. (IBC), will commercialize IBC's proprietary Direct Lithium to Product™ (DLP™) process, which provides a rapid, direct route to produce battery-grade lithium end-products including lithium hydroxide and lithium carbonate.

Key Points: 
  • AMERICAN FORK, Utah, Jan. 25, 2024 /PRNewswire/ -- GreenLiT Pure Lithium, Inc. (GreenLiT™), a wholly-owned subsidiary of IBC Advanced Technologies, Inc. (IBC), will commercialize IBC's proprietary Direct Lithium to Product™ (DLP™) process, which provides a rapid, direct route to produce battery-grade lithium end-products including lithium hydroxide and lithium carbonate.
  • GreenLiT™ is perfectly positioned to supply the market with battery-grade lithium end-products.
  • The DLP™ process allows brine operators to directly produce lithium hydroxide without the need to first produce lithium carbonate.
  • GreenLiT™ was created to widely commercialize the DLP™ process and sustainably meet the booming demand for battery-grade lithium end-products in a highly water and energy efficient manner with minimal environmental impact.