Condor

Skyharbour’s Partner Company North Shore Uranium Provides Falcon Uranium Property Drill Program Update

Retrieved on: 
Wednesday, February 28, 2024

Vancouver, BC, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”) has provided an update on the upcoming drill program at the 55,699 hectare Falcon Uranium Property (“Falcon” or the “Property”) located at the eastern margin of the Athabasca Basin in northern Saskatchewan.

Key Points: 
  • Vancouver, BC, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (“Skyharbour” or the “Company”), is pleased to announce that its partner company, North Shore Uranium (“North Shore”) has provided an update on the upcoming drill program at the 55,699 hectare Falcon Uranium Property (“Falcon” or the “Property”) located at the eastern margin of the Athabasca Basin in northern Saskatchewan.
  • North Shore has further refined its targeting criteria and the drill program is set to commence in mid-March.
  • North Shore plans to drill test up to three targets along a strong, dominantly northeast-trending EM conductor system at the southern end of the property.
  • Working with TerraLogic and Condor, North Shore is in the final stages of ranking and prioritizing drill targets for the March program.

Association of Bioscience Financial Officers Announces Preliminary Program for 2024 National Conference in Boston May 28-31

Retrieved on: 
Wednesday, February 14, 2024

ABFO's National Conference is the only annual event focused exclusively on the hot topics and trends impacting the work of bioscience finance team members.

Key Points: 
  • ABFO's National Conference is the only annual event focused exclusively on the hot topics and trends impacting the work of bioscience finance team members.
  • "The ABFO National Conference is at an ideal time of the year for financial officers to connect and address the many opportunities and challenges that we face in our work.
  • The early registration period was very strong, and we expect more than 200 industry professionals to join us at the conference."
  • The ABFO National Conference is supported by Aon, Bank of America Merrill Lynch, Capital Advisors Group, Condor, Coupa, Donnelley Financial Solutions (DFIN), Ernst & Young LLP, Goodwin, Oxford Finance and Russo Partners.

Arevon and Blackstone Credit & Insurance Close $350 Million Preferred Equity, Debt, and ITC Transfer Financing for Condor Energy Storage Project

Retrieved on: 
Tuesday, February 13, 2024

NEW YORK and SCOTTSDALE, Ariz., Feb. 13, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, together with Blackstone Credit & Insurance (BXCI), today announced a successful financial close for the 200 megawatt/800 megawatt-hour Condor Energy Storage Project (Condor) currently under construction in Grand Terrace, California.

Key Points: 
  • The project will be capable of providing firming capacity, enhancing grid reliability and stability alongside increased adoption of renewable energy resources.
  • Blackstone's preferred equity investment in Condor is structured to simplify the monetization of tax credits, eliminating the need for traditional tax equity financing.
  • Zachary Rubenstein, Managing Director in the Blackstone Credit & Insurance Sustainable Resources Group, commented "Arevon is a world-class renewable energy company, and we are excited to be their partner on the Condor financing.
  • Arevon secured real estate financing from climate investment firm HASI related to the Condor Energy Storage Project land.

Cerebras Systems and Barcelona Supercomputing Center Train Industry-Leading Multilingual Spanish Catalan English LLM

Retrieved on: 
Wednesday, January 31, 2024

Cerebras Systems, the pioneer in accelerating generative AI, today announced that the Barcelona Supercomputing Center (BSC) has completed training FLOR-6.3B, the state-of-the-art English Spanish Calatan large language model.

Key Points: 
  • Cerebras Systems, the pioneer in accelerating generative AI, today announced that the Barcelona Supercomputing Center (BSC) has completed training FLOR-6.3B, the state-of-the-art English Spanish Calatan large language model.
  • FLOR-6.3B continues Cerebras’ leading work on multilingual models, a trend that started with the introduction of Jais , the leading Arabic English model.
  • As Catalan has a fraction of the data that is typically needed to train a model, innovative AI training techniques were created.
  • Catalan and Spanish are low and mid-resourced languages relative to English.

Collective Metals Announces Results of Phase II Soil Geochemical Sampling Program on its Princeton Project

Retrieved on: 
Monday, January 8, 2024

VANCOUVER, British Columbia, Jan. 08, 2024 (GLOBE NEWSWIRE) -- COLLECTIVE METALS INC. (CSE: COMT | OTC: CLLMF | FSE: TO1) (the “Company” or “Collective”) is pleased to announce it has received final assay results for soil samples collected from Phase II of the Company’s two-phase soil geochemical survey (the “Program”) completed in the summer of 2023 on the Princeton Project (the “Project”). The Program was designed to follow up on two multi-element soil geochemical anomalies identified along the Trojan-Condor Corridor in Phase I of the Program (please see News Release dated September 21, 2023) as well as systematically test several additional targets with favourable geology, geophysical signatures, and/or historic geochemistry. The Program extended two previously identified anomalies (PA1 and PA2; please see News Release dated September 21, 2023) and outlined several additional anomalies at outboard target areas. The Company believes the Lamont Ridge, Coalmont Road, Findlay, Fourteen Mile, and Trojan-Condor target areas hold potential to host multiple porphyry copper ± gold mineralization and plans to pursue more advanced exploration in 2024.

Key Points: 
  • Chris Huggins, Chief Executive Officer of Collective, commented, “The results of the 2023 soil program are very encouraging.
  • Phase I of the Program identified a modest copper-silver-gold-tellurium soil geochemical anomaly along a single NE-trending line of predominantly B-horizon soil samples over the Condor target.
  • While Phase I samples were predominantly Ah-horizon soil, Phase II samples were predominantly B-horizon soil.
  • 2 - An Assessment of Soil Geochemical Methods for Detecting Copper-Gold Porphyry Mineralization through Quaternary Glaciofluvial Sediments at the WBX-MBX and 66 Zones, Mt.

Adventus and Luminex Announce Merger to Create a Growth-Focused Copper-Gold Company in Ecuador

Retrieved on: 
Tuesday, November 21, 2023

TORONTO, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus”) (TSXV: ADZN) (OTCQX: ADVZF) and Luminex Resources Corp. (“Luminex”) (TSXV: LR) (OTCQX: LUMIF) are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which Adventus will acquire all of the issued and outstanding common shares of Luminex (the “Luminex Shares”), in exchange for common shares of Adventus (the “Adventus Shares”), by way of a plan of arrangement (the “Transaction”, with the resulting entity referred to as the “Resulting Issuer”). The Transaction will create a combined company that intends to lead the advancement of the El Domo-Curipamba copper-gold project (the “El Domo Project”) towards production and consolidates a large and prospective gold-copper development and exploration portfolio in Ecuador totalling over 135,000 hectares which includes the preliminary economic assessment (“PEA”) stage Condor gold project (the “Condor Project”). Further details of the Transaction are outlined below.

Key Points: 
  • Christian Kargl-Simard, President and CEO of Adventus, commented: “This Transaction is an exciting opportunity to unite complementary assets, teams, and investors to create value for all Adventus and Luminex shareholders.
  • DLA Piper (Canada) LLP, DLA Piper LLP (US) and AVL Abogados are acting as legal counsel to Adventus in Canada, the U.S. and Ecuador, respectively.
  • Borden Ladner Gervais LLP, Troutman Pepper Hamilton Sanders LLP, and Tobar ZVS are acting as legal counsel to Luminex in Canada, the U.S. and Ecuador, respectively.
  • Adventus and Luminex will host a joint conference call on Tuesday, November 22, 2023, at 12:00 pm (noon) ET to discuss the Transaction.

Cerebras, Petuum, and MBZUAI Announce New Open-Source CrystalCoder and LLM360 Methodology to Accelerate Development of Transparent and Responsible AI Models

Retrieved on: 
Monday, December 11, 2023

While previous models were suitable for either English or coding, CrystalCoder achieves high accuracy for both tasks simultaneously.

Key Points: 
  • While previous models were suitable for either English or coding, CrystalCoder achieves high accuracy for both tasks simultaneously.
  • Trained on Condor Galaxy 1, the AI supercomputer built by G42 and Cerebras, CrystalCoder-7B has been released under the new reproducible LLM360 methodology that promotes open source and transparent, responsible use.
  • CrystalCoder and the LLM360 release methodology are available now on Hugging Face.
  • "Petuum and MBZUAI are excited to announce the release of the CrystalCoder-7B large language model (LLM).

Cerebras and G42 Complete 4 exaFLOP AI Supercomputer and Start the March Towards 8 exaFLOPs

Retrieved on: 
Monday, November 13, 2023

With the completion of Condor Galaxy 1, Cerebras and G42 have broken ground on the Condor Galaxy 2 (CG-2).

Key Points: 
  • With the completion of Condor Galaxy 1, Cerebras and G42 have broken ground on the Condor Galaxy 2 (CG-2).
  • This represents an important milestone in Cerebras and G42’s plan to build a 36 exaFLOP constellation of AI supercomputers.
  • “G42’s strategic partnership with Cerebras Systems is paving the way toward our joint vision of creating the world’s largest and fastest AI supercomputers,” said Kiril Evtimov, Group CTO, G42.
  • With 36 exaFLOPs in total, this unprecedented constellation of supercomputers will revolutionize the advancement of AI globally.

Mainstream Renewable Power concludes reorganization process in Chile

Retrieved on: 
Tuesday, November 14, 2023

Mainstream secures new corporate financing facility of up to USD 220 million from DNB, backed by shareholders

Key Points: 
  • Mainstream secures new corporate financing facility of up to USD 220 million from DNB, backed by shareholders
    LYSAKER, Norway, Nov. 14, 2023 /PRNewswire/ -- Reference is made to previous announcements by Aker Horizons ASA ("Aker Horizons") regarding the initiation by Mainstream Renewable Power ("Mainstream", "the Company") of Judicial Reorganization Proceedings for Condor Energía SpA and Huemul Energía SpA ("Condor", "Huemul", the "Energía companies") in Chile.
  • Judicial Reorganization Proceedings were initiated by Mainstream in July 2023 to restructure the assets and the capital structure, renegotiate the financial debts, and to allow for an injection of new capital into the Energía companies.
  • The facility is backed by Mainstream shareholders and will serve various purposes, including to fulfil Mainstream's obligations connected to the restructuring in Chile.
  • Mainstream shareholders have expressed their full support to Mainstream and the reorganization.

Mainstream Renewable Power concludes reorganization process in Chile

Retrieved on: 
Tuesday, November 14, 2023

Mainstream secures new corporate financing facility of up to USD 220 million from DNB, backed by shareholders

Key Points: 
  • Mainstream secures new corporate financing facility of up to USD 220 million from DNB, backed by shareholders
    LYSAKER, Norway, Nov. 14, 2023 /PRNewswire/ -- Reference is made to previous announcements by Aker Horizons ASA ("Aker Horizons") regarding the initiation by Mainstream Renewable Power ("Mainstream", "the Company") of Judicial Reorganization Proceedings for Condor Energía SpA and Huemul Energía SpA ("Condor", "Huemul", the "Energía companies") in Chile.
  • Judicial Reorganization Proceedings were initiated by Mainstream in July 2023 to restructure the assets and the capital structure, renegotiate the financial debts, and to allow for an injection of new capital into the Energía companies.
  • The facility is backed by Mainstream shareholders and will serve various purposes, including to fulfil Mainstream's obligations connected to the restructuring in Chile.
  • Mainstream shareholders have expressed their full support to Mainstream and the reorganization.