Economics

Decklar Resources Announces Changes to Board of Directors

Retrieved on: 
Monday, April 8, 2024
Growth, University of Calgary, Knowledge, University, Commerce, Saskatoon Club, OTC, Economics, Security (finance)

CALGARY, Alberta, April 08, 2024 (GLOBE NEWSWIRE) -- Decklar Resources Inc. (TSX-V: DKL) (OTC: DKLRF) (FSE: A1U1) (the “Company” or “Decklar”) announces changes to the Company’s Board of Directors.

Key Points: 
  • CALGARY, Alberta, April 08, 2024 (GLOBE NEWSWIRE) -- Decklar Resources Inc. (TSX-V: DKL) (OTC: DKLRF) (FSE: A1U1) (the “Company” or “Decklar”) announces changes to the Company’s Board of Directors.
  • Decklar is pleased to announce the appointment of Mr. Zack Malone to the Company’s board of directors.
  • Decklar is pleased to announce the appointment of Mr. Sam Grier to the Company’s board of directors.
  • Sanmi Famuyide, CEO of Decklar Resources, commented, “I am delighted to welcome Sam Grier and Zack Malone to the Board of Directors of Decklar Resources.

TeraWulf Announces Continued Industry-Leading Cash Production and $30 Million Debt Repayment

Retrieved on: 
Monday, April 8, 2024
Bitcoin, Term loan, Economics, Cryptocurrency

EASTON, Md., April 08, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced it has repaid an additional $30.1 million of its Term Loan, thereby reducing the debt balance to $75.9 million.

Key Points: 
  • EASTON, Md., April 08, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 95% zero-carbon energy, today announced it has repaid an additional $30.1 million of its Term Loan, thereby reducing the debt balance to $75.9 million.
  • Patrick Fleury, Chief Financial Officer, remarked, “This $30 million payment follows our repayment of approximately $40 million over the past six months.
  • Fleury also stated, “At today's approximate $70,000 bitcoin price, we expect our industry leading economics, resulting in a fully loaded cost to mine a bitcoin of just $37,000 post halving, to allow for continued rapid debt extinguishment.
  • All of the inputs used to determine our cost to mine a bitcoin can be found on our recently updated cost-to-mine calculator on our website.

Recently Updated and Extended Joint Development Agreement between ExxonMobil Technology and Engineering Company and FuelCell Energy Aimed at Accelerating Access to Carbonate Fuel Cell Technology for Carbon Capture

Retrieved on: 
Monday, April 8, 2024
Element, Electricity, FuelCell Energy, ExxonMobil, CFC, B cell, Carbon, DEI, NOx, JDA, EMTEC, CO2, European, Hydrogen, Economics, Renewable energy

Pilot project to test jointly developed carbon capture technology proceeding at Esso Nederland BV’s Rotterdam Manufacturing Complex; project start-up expected in early 2026.

Key Points: 
  • Pilot project to test jointly developed carbon capture technology proceeding at Esso Nederland BV’s Rotterdam Manufacturing Complex; project start-up expected in early 2026.
  • The agreement allows FuelCell Energy to incorporate elements of the jointly developed technology into existing carbon capture products currently being marketed to customers.
  • The jointly developed carbon capture fuel cell technology to be demonstrated in Rotterdam features an optimized design for large scale installations.
  • Along with the execution of the JDA extension, FuelCell Energy and ExxonMobil intend to negotiate a commercial framework aimed at enabling deployments of the carbonate fuel cell technology for carbon capture.

Samsung Bioepis Releases Second Quarter 2024 US Biosimilar Market Report

Retrieved on: 
Monday, April 8, 2024
Filgrastim, IRA, Trastuzumab, Pegfilgrastim, ASPS, Growth, Patient, Adalimumab, ASP, Market access, WAC, Medicare, FDA, CMS, Inflation, Economics, Food, Generic drug

The 5th edition explores some IRA implications on biosimilars along with latest price trends, biosimilars market share

Key Points: 
  • The 5th edition explores some IRA implications on biosimilars along with latest price trends, biosimilars market share
    INCHEON, Korea, April 08, 2024 (GLOBE NEWSWIRE) -- Samsung Bioepis Co., Ltd. today released its Second Quarter 2024 Biosimilar Market Report , which includes the latest Average Sales Price (ASP) information of all biosimilars and reference products available in the US market.
  • This fifth-edition of the Samsung Bioepis Quarterly Biosimilar Market Report delves into some implications of the Inflation Reduction Act (IRA) with respect to biosimilars, as well as the biosimilars market share and price trends.
  • “Over the past year, we have strived to provide the US market with the latest biosimilar insights through our report, and we are grateful for the positive reception from our readers,” said Thomas Newcomer, Vice President, Head of Market Access, US, at Samsung Bioepis.
  • As of February 2024, adalimumab biosimilar market share has reached 4%, increasing 2% compared to the previous quarter.

Willis Lease Finance Corporation Welcomes Colm Barrington to its Board of Directors

Retrieved on: 
Friday, April 5, 2024
Tax, Growth, Aer Lingus, University college, Part, Knowledge, GE Capital Aviation Services, COVID-19, FBO, Sale, Aviation, Acquisition, FLY Leasing, Security (finance), BBAM, University College Dublin, Babcock & Brown, GECAS, Aircraft, WLFC, Economics, Guinness Peat Aviation, Airline

COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors (“the Board”) effective April 1, 2024.

Key Points: 
  • COCONUT CREEK, Fla., April 05, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, is pleased to announce the appointment of Colm Barrington to its Board of Directors (“the Board”) effective April 1, 2024.
  • Mr. Barrington left his role at GECAS soon after to start his own aircraft lease management company, which later merged into Babcock & Brown Limited.
  • "We are delighted to announce the addition of Colm to our Board of Directors," stated Charles F. Willis, Founder and Executive Chairman of WLFC.
  • Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide.

Impact Investment Manager, WaterEquity, Appoints Marlene Hormes as New Chief Investment Officer

Retrieved on: 
Thursday, April 4, 2024
CIO, DEG, Sanitation, Private, Growth, Goldman Sachs, Chartered, Water quality, Investment, Water, Economics, African Development Bank

Marlene Hormes brings to WaterEquity a wealth of experience in international investment management and sustainable investing.

Key Points: 
  • Marlene Hormes brings to WaterEquity a wealth of experience in international investment management and sustainable investing.
  • Prior to joining WaterEquity, Ms. Hormes served as CIO at Annycent Capital, an investment management firm focused on renewable energy assets in emerging markets.
  • Ms. Hormes was also Managing Director of asset management firm Alphamundi, where she managed a sub-Saharan Africa-focused impact fund.
  • Ms. Hormes will spearhead these investment efforts, leveraging her expertise to enhance WaterEquity's impact worldwide.

Itronics Positioned to Benefit From Historic High and Rising Gold Prices

Retrieved on: 
Thursday, April 4, 2024
Tin, Silver, Transport, Zinc, Gold, Clean technology, Metal, Copper, Lead, Geology, United, Mineral, Research and development, Mining, OTC, Intellectual property, Probability, ITRO, Economics, Fertilizer, Iron

Gold, silver, and other precious metals have made a sustained push toward historically high prices over the last several months.

Key Points: 
  • Gold, silver, and other precious metals have made a sustained push toward historically high prices over the last several months.
  • Itronics is currently engaged in three significant technology areas enhancing non-cyanide gold recovery, alongside a technique to improve cyanide-based heap leach gold recovery processes.
  • This is an Itronics technology advantage that provides a measurable economic benefit and increases the significance of rising gold and silver prices.
  • “By leveraging its ability to maximize the recovery of value from metals resources, Itronics, its clients, and its investors stand to benefit greatly by the historic rise in gold prices,” said Itronics President Dr. John Whitney.

ButcherJoseph Promotes Two Professionals to Director

Retrieved on: 
Thursday, April 4, 2024
University, Growth, Health, Société Générale, Economics

ST. LOUIS, April 04, 2024 (GLOBE NEWSWIRE) -- Saint Louis, MO, April 2024 – ButcherJoseph & Co. (“ButcherJoseph” or “the Firm”) , an investment banking firm specializing in advising privately held businesses on ownership succession transactions, announced the promotion of two professionals to Director.

Key Points: 
  • ST. LOUIS, April 04, 2024 (GLOBE NEWSWIRE) -- Saint Louis, MO, April 2024 – ButcherJoseph & Co. (“ButcherJoseph” or “the Firm”) , an investment banking firm specializing in advising privately held businesses on ownership succession transactions, announced the promotion of two professionals to Director.
  • Robert Reavis , who has been with ButcherJoseph since 2012, has also been promoted to Director.
  • Keith Butcher , Managing Partner at ButcherJoseph said, "Witnessing the growth of both Rick and Robert into exemplary M&A professionals has been truly gratifying.
  • We eagerly anticipate Rick and Robert's ongoing success as they continue their career journeys as seasoned M&A professionals."

EverWind Fuels Announces Completion of FEED for its 1st Phase 240,000 Tonne per Annum Green Hydrogen-to-Green Ammonia Plant

Retrieved on: 
Thursday, April 4, 2024
Hydrogen, Community, FEED, Renewable fuels, Health, Green hydrogen, Employment, First Nations, Government, Black & Veatch, Construction, Farm, Project, Non-governmental organization, Partnership, Natural Resources, GHG, History, PEM, Wind, Front-end engineering, Water, Community engagement, Potlotek First Nation, Ammonia, Economics, Engineering, Renewable energy

The first phase of EverWind’s project is designed to produce approximately 240,000 tonnes per annum of green ammonia.

Key Points: 
  • The first phase of EverWind’s project is designed to produce approximately 240,000 tonnes per annum of green ammonia.
  • The Project meets the strictest global requirements for green fuels set by the European Renewable Energy Directive and has been pre-certified by CertifHy™.
  • The Project, which is part of EverWind's larger initiative to develop an Atlantic Canadian green fuels hub, will bring significant economic and environmental benefits to the region.
  • Completion of FEED and Construction Permitting: engineering works began in Q1 2022, advancing over two years to completion of FEED in March 2024.

5E Advanced Materials Commences Commercial Production At 5E Boron Americas Complex

Retrieved on: 
Tuesday, April 2, 2024
Lithium, Advanced Materials, Boron, Critical infrastructure, National security, PLS, Research, ASX, Lithium carbonate, NDAA, Primary energy, Government, Fiscal, 5E, Economics, Mining

HESPERIA, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced the Company’s operations team has successfully commissioned the facility and has launched full commercial operations.

Key Points: 
  • HESPERIA, Calif., April 02, 2024 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced the Company’s operations team has successfully commissioned the facility and has launched full commercial operations.
  • 5E Boron Americas Complex is fully commissioned and has now transitioned to operational status.
  • Susan Brennan, Chief Executive Officer at 5E Advanced Materials, stated, “I am proud to announce that 5E has achieved the most significant milestone in our Company’s history, as we have recently commenced commercial production of boric acid at the 5E Boron America’s Complex.
  • 5E Advanced Materials will continue to keep its various stakeholders informed as commercial production progresses in April and as operations advance.