Tungsten

Elbit Systems Signs Definitive Agreement to Sell Ashot to FIMI Opportunity Funds for $88 Million

Thursday, October 21, 2021 - 8:05am

(NASDAQ:ESLT) and (TASE: ESLT) ("Elbit Systems") announced today the signing of a definitive agreement for the sale of all ordinary shares held by its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), in IMI's 84.98%-owned subsidiary, Ashot Ashkelon Industries Ltd. (TASE: ASHO) ("Ashot") and all capital notes of Ashot held by IMI and Elbit Systems, to FIMI Opportunity Funds ("FIMI"), for approximately $88 million in cash (approximately NIS 285million).

Key Points: 
  • (NASDAQ:ESLT) and (TASE: ESLT) ("Elbit Systems") announced today the signing of a definitive agreement for the sale of all ordinary shares held by its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), in IMI's 84.98%-owned subsidiary, Ashot Ashkelon Industries Ltd. (TASE: ASHO) ("Ashot") and all capital notes of Ashot held by IMI and Elbit Systems, to FIMI Opportunity Funds ("FIMI"), for approximately $88 million in cash (approximately NIS 285million).
  • Ashot specializes in the manufacture of jet engine shafts, transmissions, gears and gearboxes, landing gear components and tungsten products for the aerospace and defense industries.
  • FIMI is a leading private equity fund in Israel with more than $5.5 billion in assets under management.
  • Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, said: "Since the acquisition of IMI by Elbit Systems, Ashot has undergone several processes to improve its business focus and operational efficiency.

DGAP-News: Deutsche Rohstoff AG: Invitation to the first Capital Markets Day on Thursday, 4 November 2021

Wednesday, October 20, 2021 - 10:02am

Deutsche Rohstoff AG: Invitation to the first Capital Markets Day on Thursday, 4 November 2021

Key Points: 
  • Deutsche Rohstoff AG: Invitation to the first Capital Markets Day on Thursday, 4 November 2021
    The issuer is solely responsible for the content of this announcement.
  • The Management Board of Deutsche Rohstoff AG invites you to the virtual Capital Markets Day on 4 November 2021 from 10.00 am to 12.00 pm and looks forward to the dialogue with capital market participants.
  • The main topics will be:
    What is Deutsche Rohstoff AG's roadmap, how are the projects in the USA developing?
  • Access to the livestream and Q&A session will be sent to all participants before the start of the Capital Markets Day.

DGAP-News: Deutsche Rohstoff AG: Cub Creek Energy successfully completes purchase of acreage in Wyoming

Monday, October 18, 2021 - 9:02am

Cub Creek Energy has completed the purchase of approximately 30,000 net acres (121 square kilometers) in Wyoming, USA.

Key Points: 
  • Cub Creek Energy has completed the purchase of approximately 30,000 net acres (121 square kilometers) in Wyoming, USA.
  • Cub Creek had signed a purchase agreement in early September and the due diligence check did not reveal any negative findings.
  • At the same time, Cub Creek will apply for drilling permits in order to be able to start a first drilling program next year.
  • Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe.

Proactive news headlines including Aldoro Resources, Future Metals, Australian Potash and Westar Resources

Monday, October 18, 2021 - 8:54am

Click here

Key Points: 
  • Click here
    Nova Minerals Ltd (ASX:NVA, OTCQB:NVAAF) continues to deliver excellent results at its flagship Estelle Gold Project, this time announcing high-grade extensions at RPM North.
  • Click here
    Flynn Gold (ASX:FG1) Ltd has identified several prospective tin and tungsten targets at its wholly-owned Cameron (NYSE:CAM) Tin Project in northeast Tasmania.
  • Click here
    Anson Resources Ltd (ASX:ASN) has increased the Paradox Brine Projects footprint by 20% to 114 square kilometres from 18.40 square kilometres.
  • Proactive has produced over 300,000 articles and 20,000 executive interviews since it was established in 2006
    For more information on how Proactive can help you make a difference, email us at action@proactiveinvestors.com

DGAP-News: Deutsche Rohstoff AG: Consolidated net income rises to EUR 21.4 million

Thursday, October 14, 2021 - 10:03am

By 30 September 2021, revenues increased by almost 65% year-on-year to EUR 53.2 million (previous year: EUR 32.3 million) and EBITDA increased by 140% to EUR 52.1 million (previous year: EUR 21.7 million).

Key Points: 
  • By 30 September 2021, revenues increased by almost 65% year-on-year to EUR 53.2 million (previous year: EUR 32.3 million) and EBITDA increased by 140% to EUR 52.1 million (previous year: EUR 21.7 million).
  • Consolidated net income after nine months amounted to EUR 21.4 million (previous year: consolidated net loss of EUR 14.3 million).
  • In the broader definition (bank balances + non-current and current securities + current receivables) cash and cash equivalents amounted to EUR 49.5 million (30 June 2021: EUR 71.3 million).
  • Equity increased to EUR 72.5 million as of 30 September 30 2021 (30 June 2021: EUR 66.2 million).

Dental Diamond Burs Market by Type, Application, Technology and Region - Global Forecasts to 2026 - ResearchAndMarkets.com

Monday, October 11, 2021 - 4:56pm

The dental diamond burs market size is projected to grow from USD 130 million in 2021 to USD 191 million by 2026, at a CAGR of 8.0%.

Key Points: 
  • The dental diamond burs market size is projected to grow from USD 130 million in 2021 to USD 191 million by 2026, at a CAGR of 8.0%.
  • The most common application of dental diamond burs is to grind away hard tooth tissue, generally enamel and bones.
  • The dental diamond burs market is segmented on the basis of material diamonds, tungsten carbide and stainless steel.
  • This directly affects the growth of the dental diamond burs market in the APAC region.

Alphamin Announces Record Q3 2021 EBITDA Guidance of US$53m and a Net Debt-Free Position; Production and Exploration Update

Monday, October 4, 2021 - 12:57pm

Underground mining practices relating to stope planning, delineation and blasting were significantly improved from mid July 2021.

Key Points: 
  • Underground mining practices relating to stope planning, delineation and blasting were significantly improved from mid July 2021.
  • This resulted in an average tin grade of 3.8% processed during August and September 2021 with an average of 3.5% for the quarter.
  • EBITDA guidance of US$53m for Q3 2021 is 56% higher than the previous quarters actual as a result of increased tin production and sales volumes, together with a higher tin price.
  • The Company moved to a net cash position at 30 September 2021 compared to a net debt position of US$29.5m the previous quarter.

Luminex Discovers a New Porphyry Copper Target at Cascas

Friday, September 24, 2021 - 12:00pm

VANCOUVER, BC, Sept. 24, 2021 /PRNewswire/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF)(the "Company" or "Luminex") is pleased to announce the discovery of a new porphyry copper target: Hapa, located in the northwestern part of the Company's 100% owned Cascas property.

Key Points: 
  • VANCOUVER, BC, Sept. 24, 2021 /PRNewswire/ - Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF)(the "Company" or "Luminex") is pleased to announce the discovery of a new porphyry copper target: Hapa, located in the northwestern part of the Company's 100% owned Cascas property.
  • The Hapa target is situated 3 km to the northwest of the Shakai porphyry copper centre and was first recognized by company geologists while executing a 200m x 300m grid soil sample survey.
  • To date, rock chip and channel samples along creeks have assayed as high as 1.29% copper and 0.33% molybdenum.
  • Luminex interprets that a porphyry copper intrusion is located underneath the geochemically anomalous area of Hapa indicating good preservation of the phyllic and underlying potassic alteration zones and the potential for secondary copper enrichment.

Outlook on the Steel Tubes Global Market to 2026 - by Product Type, Material Type, End-use Industry and Region - ResearchAndMarkets.com

Monday, September 13, 2021 - 12:48pm

The "Steel Tubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Steel Tubes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
  • The global steel tubes market is expected to exhibit moderate growth during 2021-2026.
  • Steel tubes are tough, strong and durable metal tubes and are available in different shapes, including square, rectangular and round.
  • The publisher's latest report provides a deep insight into the global steel tubes market covering all its essential aspects.

An Operational Update From Almonty Industries Inc. Released Earlier This Morning on the ASX

Monday, September 13, 2021 - 12:30pm

The following release has been released earlier this morning in Australia on the ASX:

Key Points: 
  • The following release has been released earlier this morning in Australia on the ASX:
    This press release features multimedia.
  • Underground mine development continues as planned, and we have, as of last week, completed 17.5% of the scheduled 3,748m.
  • Our shotcrete batch plant continues to impress with a rebound rate of 6% and even at times as low as 3%.
  • Almonty is proud of the progress made towards our ESG programme at Panasqueira and those proposed at Sangdong.