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Carbyne Secures Investment from AT&T Ventures & Socium Ventures

Retrieved on:

Wednesday, March 20, 2024

Cloud, Universe, Emergency, Public security, Growth, CIA, Environment, Partner (business rank), Cox Enterprises, OTT, AI, APEX, GMR, Learning curve, Investment, AT&T, Former

NEW YORK, March 20, 2024 /PRNewswire/ -- Carbyne , a leading next-generation provider of public safety communications, announced today that it has secured an investment from AT&T Ventures .

Key Points:

NEW YORK, March 20, 2024 /PRNewswire/ -- Carbyne , a leading next-generation provider of public safety communications, announced today that it has secured an investment from AT&T Ventures .
The investment follows a successful launch of the relationship between AT&T and Carbyne, which was announced in June.
"In 2023, Carbyne experienced transformative growth in the U.S.," said Amir Elichai, Carbyne CEO.
"AT&T Ventures is investing in disruptive companies that are developing advanced connectivity solutions to drive innovation forward," said Vikram Taneja, Head of AT&T Ventures.

Globex Receives Payments to Finalize Uranium Property Acquisition by Infini Resources

Retrieved on:

Monday, January 8, 2024

Infini, ASX, CDN, GMX, Acquisition, Geo, GMR, Uranium, Toronto Stock Exchange

Infini has received the required listing document and thus Globex has received the $200,000 cash payment and been issued 1,672,427 shares.

Key Points:

Infini has received the required listing document and thus Globex has received the $200,000 cash payment and been issued 1,672,427 shares.
Globex retains a 3% Gross Metal Royalty (GMR) of which 1% GMR may be purchased by Infini for $1,000,000 CDN.
The price of uranium has significantly increased since Globex acquired the des Herbiers uranium claims.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.)

Globex Sells Eight Advanced Gold Exploration Assets to O3 Mining

Retrieved on:

Friday, December 22, 2023

National instrument, Alternative periodic tables, Sale, GMX, Lebel-sur-Quévillon, Gold, Geo, GMR, Toronto Stock Exchange, NTS, Cryptocurrency

The Cameron and Manon properties straddle the Cameron Lake Fault which localizes the Flordin Gold Deposit directly adjoining to the west and the Discovery Gold Deposit north-westward beyond the Flordin Gold Deposit.

Key Points:

The Cameron and Manon properties straddle the Cameron Lake Fault which localizes the Flordin Gold Deposit directly adjoining to the west and the Discovery Gold Deposit north-westward beyond the Flordin Gold Deposit.
Under the purchase and sale agreement, O3 paid $2,000,000 to Globex at closing, consisting of $150,000 in cash and 1,185,897 common shares of O3.
Globex is pleased to have concluded this transaction with O3, which is in Globex’s view a well-managed and financed corporation with advanced gold assets in the Val-d’Or, Québec mining camp, including a number of gold deposits.
O3’s geological expertise in gold exploration and large land package of advanced gold assets in the Val-d’Or mining camp are two of the reasons Globex is pleased to have vended its claims to O3 and accepted the bulk of the purchase price in O3 shares.

Infinico Discovers Lithium Mineralization on Dalhousie Property Under Option from Globex

Retrieved on:

Wednesday, December 20, 2023

GMR, Geo, Nature, Dalhousie, Photograph

Photograph of the lithium bearing pegmatite sampled during the field work as per Infinico.

Key Points:

Photograph of the lithium bearing pegmatite sampled during the field work as per Infinico.
Globex announced to optioning the Dalhousie NI-Cu-Co property to Infinico (formerly called Burin Gold Corp.) on June 5, 2023.
Globex will retain a 3% Gross Metal Royalty (GMR), 1% of which may be purchased by Infinico at any time.
Globex recently staked 49 claims adjoining the discovery property to the north which will be available for option.

TD Bank Appointed Lead Arranger, Mont Sorcier Project

Retrieved on:

Tuesday, November 21, 2023

UKEF, GMX, S&G, Toronto-Dominion Bank, Geo, Public expenditure, GMR, Cerrado, ECA, Project, Export credit agency, Toronto Stock Exchange, Iron, MLA, Cryptocurrency

Cerrado have reported that “further to the October 18, 2023 announcement in relation to potential Export Credit Agency (“ECA”) Support Program Financing of up to $598 million, the Company has appointed the Toronto Dominion Bank (“TO”) as the MLA for the Mont Sorcier Iron and Vanadium Project located in Quebec.

Key Points:

Cerrado have reported that “further to the October 18, 2023 announcement in relation to potential Export Credit Agency (“ECA”) Support Program Financing of up to $598 million, the Company has appointed the Toronto Dominion Bank (“TO”) as the MLA for the Mont Sorcier Iron and Vanadium Project located in Quebec.
Together with the Company's advisors, the bids were evaluated based on ECA Project Finance Experience, execution capabilities and ultimately the financial terms for the Project Financing.
TD has extensive experience in ECA financing, a longstanding relationship with UKEF, and presented competitive and compelling terms for the project financing.
The funding will be to cover 70% of the expected project capital expenditures for the Mont Sorcier project.”
Globex retains a one percent Gross Metal Royalty (1% GMR) on all iron production from the Mont Sorcier Property.

TD Bank Appointed Lead Arranger, Mont Sorcier Project

Retrieved on:

Tuesday, November 21, 2023

UKEF, TSX Venture Exchange, S&G, Toronto-Dominion Bank, Public expenditure, GMR, Cerrado, ECA, Project, Export credit agency, MLA, Cryptocurrency

Cerrado have reported that “further to the October 18, 2023 announcement in relation to potential Export Credit Agency (“ECA”) Support Program Financing of up to $598 million, the Company has appointed the Toronto Dominion Bank (“TO”) as the MLA for the Mont Sorcier Iron and Vanadium Project located in Quebec.

Key Points:

Cerrado have reported that “further to the October 18, 2023 announcement in relation to potential Export Credit Agency (“ECA”) Support Program Financing of up to $598 million, the Company has appointed the Toronto Dominion Bank (“TO”) as the MLA for the Mont Sorcier Iron and Vanadium Project located in Quebec.
Together with the Company's advisors, the bids were evaluated based on ECA Project Finance Experience, execution capabilities and ultimately the financial terms for the Project Financing.
TD has extensive experience in ECA financing, a longstanding relationship with UKEF, and presented competitive and compelling terms for the project financing.
The funding will be to cover 70% of the expected project capital expenditures for the Mont Sorcier project.”
Chibougamau retains a two percent Gross Metal Royalty (2% GMR) on all iron-vanadium production from the Mont Sorcier Property.

O3 Mining Strengthens Presence in the Casa Berardi Trend by Consolidating the Kinebik Project

Retrieved on:

Friday, December 22, 2023

Share (finance), TSX Venture Exchange, Sale, Acquisition, Mining, Cadillac, News, GMR, Abitibi, Break

On May 17, 2023, O3 Mining and NewOrigin announced a property sale agreement pursuant to which O3 Mining agreed to acquire (the "Kinebik Acquisition") and NewOrigin agreed to sell all of its rights, titles and interest in and to the Kinebik property located along the Casa Berardi trend in Québec (the "Kinebik Properties").

Key Points:

On May 17, 2023, O3 Mining and NewOrigin announced a property sale agreement pursuant to which O3 Mining agreed to acquire (the "Kinebik Acquisition") and NewOrigin agreed to sell all of its rights, titles and interest in and to the Kinebik property located along the Casa Berardi trend in Québec (the "Kinebik Properties").
Please see the news release of O3 Mining dated May 17, 2023 and entitled "O3 Mining Announces Transaction to Acquire Kinebik Property from NewOrigin Gold Corp.".
On June 13, 2023, O3 Mining and Kinebik closed the first tranche of the Kinebik Acquisition.
Please see the news release of O3 Mining dated June 13, 2023 and entitled "O3 Mining Announces Closing of Kinebik Property Acquisition from NewOrigin Gold Corp.".

More Progress at Globex Mont Sorcier Iron Royalty Project

Retrieved on:

Monday, October 23, 2023

MLA, Documentation, ECA, Indication (medicine), Geo, Toronto Stock Exchange, GMX, GMR, Vanadium, NPV, Lead arranger, NI, Export credit agency, Iron, Cryptocurrency, Chicago Mercantile Exchange

The appointment of the MLA is a significant milestone for the project financing requirement.

Key Points:

The appointment of the MLA is a significant milestone for the project financing requirement.
Globex retains a one percent (1%) Gross Metal Royalty on all iron production from the Mont Sorcier property, currently expected to generate US$235M per annum in free cash flow over a 21-year period and having an NPV of US$1.6B based on Indicated Resources only which represents 25% of the total defined resource leaving room for optimization and expansion potential ( see Cerrado press release of March 7, 2023 ).
Separately, Globex owns a large share position in Electric Royalties (ELEC-TSXV) which has a 1% GMR on all vanadium produced from the project.
This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.)

Current Sensor Market worth $4.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, October 9, 2023

In 2022, the Hall-effect sensors segment held the largest share of the magnetic current sensor market and was expected to follow the trend during the forecast period.

Key Points:

In 2022, the Hall-effect sensors segment held the largest share of the magnetic current sensor market and was expected to follow the trend during the forecast period.
The digital output segment in the current sensor market is expected to grow at the highest growth rate during the forecast period.
China held the largest market share and is expected to retain its position during the forecast period from 2023 to 2028 in the current sensor market.
China plays a significant role in the current sensor market as it is the largest automobile manufacturer in the world.

Current Sensor Market worth $4.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Monday, October 9, 2023

In 2022, the Hall-effect sensors segment held the largest share of the magnetic current sensor market and was expected to follow the trend during the forecast period.

Key Points:

In 2022, the Hall-effect sensors segment held the largest share of the magnetic current sensor market and was expected to follow the trend during the forecast period.
The digital output segment in the current sensor market is expected to grow at the highest growth rate during the forecast period.
China held the largest market share and is expected to retain its position during the forecast period from 2023 to 2028 in the current sensor market.
China plays a significant role in the current sensor market as it is the largest automobile manufacturer in the world.