An Oregon woman who was recorded on a police body camera video refusing to wear a mask at a Texas bank last week was arrested Wednesday after declining to wear a mask inside another Texas business.
An Oregon woman who was recorded on a police body camera video refusing to wear a mask at a Texas bank last week was arrested Wednesday after declining to wear a mask inside another Texas business.
Power Integrations (Nasdaq: POWI) will release its first-quarter financial results after market hours on Thursday, April 29, 2021, and will host a conference call that day beginning at 1:30 p.m. Pacific time.
Charlotte, NC, April 12, 2021 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company” or “Ballantyne Strong”) announced that portfolio company GreenFirst Forest Products Inc. (TSXV: GFP) (“GreenFirst”) has entered into a binding asset purchase agreement pursuant to which a wholly-owned subsidiary of GreenFirst has agreed to acquire a portfolio of forest and paper product assets from Rayonier A.M. Canada G.P. and Rayonier A.M. Canada Industries Inc., each a subsidiary of Rayonier Advanced Materials Inc. Based on GreenFirst’s announcement, the purchased assets include six lumber mills which are located in Chapleau, Cochrane, Hearst and Kapuskasing in Ontario, and in Béarn and La Sarre in Québec, as well as one newsprint mill located in Kapuskasing, Ontario. The purchased assets have an annual production capacity of 755 MMFbm and are capable of producing a wide range of forest products used in residential and commercial construction, including SPF lumber, wood chips and by-products. The newsprint mill has an annual production capacity of 205,000 MT/year. Collectively, the purchased assets rank as a top ten producer of lumber in Canada, based on recent publicly available industry rankings. GreenFirst also announced that it intends to file a prospectus to conduct a backstopped rights offering to finance a portion of the purchase price for the purchased assets. GreenFirst intends to issue three rights for each of its outstanding shares of common stock with each right being exercisable, at a subscription price of Can$1.50. Ballantyne Strong current holds approximately 7.0 million common shares in GreenFirst, which would be expected to result in the receipt of approximately 21.1 million rights under the proposed rights offering. In connection with the backstop, Ballantyne Strong entered into a commitment letter with GreenFirst agreeing to exercise a minimum of approximately US$1.6 million in the contemplated rights offering. Details of the transaction are available on the GreenFirst Forest Products Inc. press release issued this morning and available here. Mark Roberson, Chief Executive Officer of Ballantyne Strong, commented, “We are very pleased with the progress that GreenFirst is making driving its growth strategy. This is a transformative acquisition that will make GreenFirst a top ten lumber producer in Canada, and we are excited about GreenFirst’s future as it expands its focused Canadian timber strategy. Prior to this transaction, Ballantyne Strong had an approximate $17 million unrealized gain on our investment in GreenFirst, and we look forward to continuing to participate in GreenFirst’s growth.” Kyle Cerminara, Chairman of Ballantyne Strong, commented, “This is a historic transaction for our strategic investment in GreenFirst. We believe this transaction will greatly enhance the value of our strategic investments and we look forward to benefiting from both cyclical and secular tailwinds in the forest products industry. We could not be more pleased with the developments at GreenFirst over the last 12 months.” About Ballantyne Strong, Inc. Ballantyne Strong, Inc. (www.ballantynestrong.com) is a diversified holding company with operations and investments across a broad range of industries. The Company’s Strong Entertainment segment includes the largest premium screen supplier in the U.S. and also provides technical support services and other related products and services to the cinema exhibition industry, theme parks and other entertainment-related markets. Ballantyne Strong holds a $13 million preferred investment along with Google Ventures in privately held Firefly Systems, Inc., which is rolling out a digital mobile advertising network on rideshare and taxi fleets. Finally, the Company holds a 30% ownership position in GreenFirst Forest Products Inc. (TSX: GFP) which has recently completed an investment in a sawmill and related assets and a 21% ownership position in FG Financial Group, Inc. (Nasdaq: FGF) which is implementing business plans to operate as a diversified insurance, reinsurance and investment management holding company. Forward-Looking Statements Except for the historical information in this press release, it includes forward-looking statements which involve a number of risks and uncertainties, including but not limited to those discussed in the “Risk Factors” section contained in Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and Exchange Commission (“SEC”) on March 10, 2021, the Company’s subsequent filings with the SEC, and the following risks and uncertainties: the negative impact that the COVID-19 pandemic has already had, and may continue to have, on the Company’s business and financial condition; the Company’s ability to maintain and expand its revenue streams to compensate for the lower demand for the Company’s digital cinema products and installation services; potential interruptions of supplier relationships or higher prices charged by suppliers; the Company’s ability to successfully compete and introduce enhancements and new features that achieve market acceptance and that keep pace with technological developments; the Company’s ability to successfully execute its capital allocation strategy or achieve the returns it expects from these investments; the Company’s ability to maintain its brand and reputation and retain or replace its significant customers; challenges associated with the Company’s long sales cycles; the impact of a challenging global economic environment or a downturn in the markets (such as the current economic disruption and market volatility generated by the ongoing COVID-19 pandemic); economic and political risks of selling products in foreign countries (including tariffs); risks of non-compliance with U.S. and foreign laws and regulations, potential sales tax collections and claims for uncollected amounts; cybersecurity risks and risks of damage and interruptions of information technology systems; the Company’s ability to retain key members of management and successfully integrate new executives; the Company’s ability to complete acquisitions, strategic investments, entry into new lines of business, divestitures, mergers or other transactions on acceptable terms, or at all; the impact of the COVID-19 pandemic on the companies in which the Company holds investments; the Company’s ability to utilize or assert its intellectual property rights, the impact of natural disasters and other catastrophic events (such as the ongoing COVID-19 pandemic); the adequacy of insurance; the impact of having a controlling stockholder and vulnerability to fluctuation in the Company’s stock price. Statements in this press release relating to GreenFirst’s planned acquisition and rights offering were made based upon public announcements by GreenFirst; therefore, the Company cannot confirm the accuracy of such statements or the likelihood of the consummation of the asset purchase transaction and the planned rights offering. Given the risks and uncertainties, readers should not place undue reliance on any forward-looking statement and should recognize that the statements are predictions of future results which may not occur as anticipated. Many of the risks listed above have been, and may further be, exacerbated by the ongoing COVID-19 pandemic, its impact on the cinema and entertainment industry, and the worsening economic environment. Actual results could differ materially from those anticipated in the forward-looking statements and from historical results, due to the risks and uncertainties described herein, as well as others not now anticipated. New risk factors emerge from time to time and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such factors on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except where required by law, the Company assumes no obligation to update, withdraw or revise any forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements. For Investor Relations Inquiries: Mark RobersonJohn Nesbett / Jennifer BelodeauBallantyne Strong, Inc. - Chief Executive OfficerIMS Investor Relations704-994-8279203-972-9200IR@email@example.com
Conor McGregor has told Dustin Poirier their trilogy fight scheduled for the summer is off after an exchange of slurs on Twitter. Piorior beat McGregor at UFC 257 in January, and they were set to fight for a third time on 10 July after the pair claimed they had signed a contract. Poirier had accused McGregor of failing to deliver on his promise to donate to The Good Fight Foundation, with the UFC lightweights involved in a tense Twitter exchange.
SOUTHWESTERN ENERGY SCHEDULES FIRST QUARTER CONFERENCE CALL FOR APRIL 30, 2021
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Lucy Rushton was on the 2018 champion Atlanta United side.
Reid has been officially charged with a DWI, and transparency is crucial in the circumstances that led to it.
Exodus Movement, Inc., a Delaware corporation that has developed a leading non-custodial cryptocurrency software platform, has opened its SEC qualified offering of Class A common stock under Regulation A. The company began offering shares in the Exodus Wallet at 9:00 pm ET on April 8th. The offering will close once the maximum offering amount of $75 million has been reached. To date, Exodus has received investment commitments of approximately $59 million from over 4,000 investors. The investment commitments have come from both accredited and non-accredited investors, and approximately 92% of investment commitments received have come from non-accredited investors.
Astrotech Corporation (NASDAQ: ASTC), announced today the closing of its previously announced underwritten public offering of 24,885,828 shares of its common stock, which included 3,245,977 shares sold pursuant to the full exercise of the underwriter’s option to purchase additional shares, at a price to the public of $1.50 per share, less underwriting discounts and commissions. The gross proceeds to the Company from the offering were approximately $37.3 million, before deducting underwriting discounts and commissions and offering expenses payable by Astrotech.
Last week, she said, 4.4 million new infections were reported, up from about 500,000 cases at this time a year ago.
The law firm of Kirby McInerney LLP is investigating claims against Merit Medical Systems, Inc. ("Merit Medical" or the "Company") (NASDAQ: MMSI). The investigation focuses on whether the Company’s board of directors has breached its fiduciary duties to the Company.
SHAREHOLDER ACTION ALERT: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against 3D Systems Corporation.
Sinclair Broadcast Group (NASDAQ: SBGI) (‘the Company’) today announced that Ring of Honor (ROH), the Company’s professional wrestling promotion, will be airing special programming alongside its 500th episode this Thursday, April 15 from 6 p.m. to 9 p.m. Eastern Daylight Time. Viewers can watch the special on Sinclair stations and Bally Sports regional networks, as well as on the free "Best On The Planet" channel, Ring of Honor’s 24/7 streaming platform, available on STIRR.
MONTREAL, April 12, 2021 (GLOBE NEWSWIRE) -- Falco Resources Ltd. (FPC: TSX-V) (“Falco”) announces that, pursuant to the exercise of a right of first refusal, it has bought back, a portfolio of net smelter return royalties varying from 1% to 2% from IAMGOLD Corporation (the “IAMGOLD NSR”) relating to, among others, properties known as Flavrian and Central Camp. Such properties are not part of the Horne 5 properties. In consideration for the IAMGOLD NSR, IAMGOLD received a cash amount of US$500,000. About Falco Falco is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns approximately 70,000 hectares of land in the Rouyn-Noranda mining camp, which represents 70% of the entire camp and includes 13 former gold and base metal mine sites. Falco’s principal asset is the Horne 5 Project located in the former Horne mine that was operated by Noranda (now Glencore Canada Corporation) from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Gold Royalties Ltd’s subsidiary, Osisko Development Corp. is Falco’s largest shareholder owning 18.2% interest. For further information, please contact: Luc LessardPresident and Chief Executive Officer and Director514firstname.lastname@example.org Jeffrey White, LL.B, MBADirector, Investor Relations email@example.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Fastenal Company (Nasdaq:FAST) reported its board of directors declared a dividend of $0.28 per share to be paid in cash on May 25, 2021 to shareholders of record at the close of business on April 26, 2021. Except for share and per share information, dollar amounts are stated in millions.
VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce first quarter 2021 preliminary gold production of 111,742 ounces, in-line with the Company’s 2021 annual guidance of between 430,000 and 460,000 ounces of gold. Individual mine gold production is shown in the table below. Q1 2021 Preliminary Gold Production Gold Production (oz)Q1 2021Full Year 2021 Guidance Kisladag46,172140,000 - 150,000 Lamaque28,835140,000 - 150,000 Efemcukuru23,29890,000 - 95,000 Olympias13,43755,000 - 65,000 Total111,742430,000 - 460,000 Canada First quarter 2021 gold production at Lamaque is on track, with both throughput and grade in-line with the plan to deliver annual guidance. The decline connecting the Sigma mill with the Triangle underground mine is progressing on schedule for year-end completion. In-fill and expansion drilling continued at the recently announced Ormaque maiden gold resource. On April 7, 2021, Eldorado announced the closing of the acquisition of QMX, which has increased the Company’s overall land position around Lamaque by 550%. Turkey Strong first quarter production at Kisladag was consistent with 2021 guidance. The mine is expected to benefit from higher solution processing rates resulting from the successful installation of two additional CIC trains in the first quarter. At Efemcukuru, gold production, throughput and average gold grade were also in-line with guidance. Greece First quarter gold production at Olympias was consistent with the plan to deliver 2021 guidance. The Company continues to target efficiency and productivity improvements at Olympias to enhance the mine’s long-term production and cost profile. On March 23, 2021 the amended Investment Agreement (the “Agreement”) was published in the Greek Government Gazette, officially becoming law of the Hellenic Republic. The Agreement underscores Eldorado’s commitment to long-term responsible investment in Greece for the mutual benefit of all stakeholders. Q1 2021 Financial and Operational Results Call Details Eldorado will release its first quarter 2021 Financial and Operational Results after the market closes on Thursday, April 29, 2021 and will host a conference call on Friday, April 30, 2021 at 11:30am ET (8:30am PT). The call will be webcast and can be accessed at Eldorado Gold’s website: www.eldoradogold.com, or via:http://services.choruscall.ca/links/eldoradogold20210430.html Conference Call Details Replay (available until June 4, 2021) Date: April 30, 2021 Vancouver:+1 604 638 9010Time: 11:30 am ET (8:30 am PT) Toll Free:1 800 319 6413Dial in: +1 604 638 5340 Access code:6634Toll free: 1 800 319 4610 About Eldorado Gold Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece, Romania, and Brazil. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO). Contact Investor RelationsJeff Wilhoit, Interim Head of Investor Relations604.376 1548 or 1.888.353.8166 firstname.lastname@example.org MediaLouise Burgess, Director Communications & Government Relations604.616 2296 or email@example.com Cautionary Note about Forward-looking Statements and Information Certain of the statements made and information provided in this press release are forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Often, these forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", “continue”, “projected”, "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to: our preliminary first quarter 2021 gold production, the Company’s 2021 annual guidance, including at our individual mine production; construction of the decline connecting Sigma mill with the Triangle underground mine, including the timing of completion; any benefits from higher solution processing rates at Kisladag; any expected improvements at Olympias, including any expected benefits to long-term production and cost profile; our expectation as to our future financial and operating performance, including expectations around generating free cash flow; working capital requirements; debt repayment obligations; use of proceeds from financing activities; expected metallurgical recoveries and improved concentrate grade and quality; gold price outlook and the global concentrate market; risk factors affecting our business; our strategy, plans and goals, including our proposed exploration, development, construction, permitting and operating plans and priorities and related timelines; and schedules and results of litigation and arbitration proceedings. Forward-looking statements and forward-looking information by their nature are based on assumptions and involve known and unknown risks, market uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. We have made certain assumptions about the forward-looking statements and information, including assumptions about: our preliminary gold production and our guidance, timing of construction of the decline between Sigma mill and the Triangle underground mine; the benefits of high solution processing rates at Kisladag; benefits of improvements at Olympias; how the world-wide economic and social impact of COVID-19 is managed and the duration and extent of the COVID-19 pandemic; timing and cost of construction and exploration; the geopolitical, economic, permitting and legal climate that we operate in; the future price of gold and other commodities; the global concentrate market; exchange rates; anticipated costs, expenses and working capital requirements; production, mineral reserves and resources and metallurgical recoveries; the impact of acquisitions, dispositions, suspensions or delays on our business; and the ability to achieve our goals. In particular, except where otherwise stated, we have assumed a continuation of existing business operations on substantially the same basis as exists at the time of this release. Even though our management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that the forward-looking statement or information will prove to be accurate. Many assumptions may be difficult to predict and are beyond our control. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. These risks, uncertainties and other factors include, among others: inability to meet production guidance, inability to complete construction of the decline between Triangle mill and the Triangle underground mine on time, inability to achieve the expected benefits from high solution processing rates at Kisladag or improvements at Olympias, global outbreaks of infectious diseases, including COVID-19; timing and cost of construction, and the associated benefits; recoveries of gold and other metals; geopolitical and economic climate (global and local), risks related to mineral tenure and permits; gold and other commodity price volatility; information technology systems risks; continued softening of the global concentrate market; risks regarding potential and pending litigation and arbitration proceedings relating to our business, properties and operations; expected impact on reserves and the carrying value; the updating of the reserve and resource models and life of mine plans; mining operational and development risk; financing risks; foreign country operational risks; risks of sovereign investment; regulatory risks and liabilities including environmental regulatory restrictions and liability; discrepancies between actual and estimated production; mineral reserves and resources and metallurgical testing and recoveries; additional funding requirements; currency fluctuations; community and non-governmental organization actions; speculative nature of gold exploration; dilution; share price volatility and the price of our common shares; competition; loss of key employees; and defective title to mineral claims or properties, as well as those risk factors discussed in the sections titled “Forward-Looking Statements” and "Risk factors in our business" in the Company's most recent Annual Information Form & Form 40-F. The reader is directed to carefully review the detailed risk discussion in our most recent Annual Information Form filed on SEDAR and EDGAR under our Company name, which discussion is incorporated by reference in this release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations. The inclusion of forward-looking statements and information is designed to help you understand management’s current views of our near- and longer-term prospects, and it may not be appropriate for other purposes. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Except as required by law, we do not expect to update forward-looking statements and information continually as conditions change. Except as otherwise noted, scientific and technical information contained in this press release was reviewed and approved by Simon Hille, FAusIMM and VP Technical Services for the Company, and a "qualified person" under NI 43-101.
Further to our company announcement issued on 4 December 2020, Ørsted has now completed the divestment of 25% of the Ocean Wind Offshore Wind Farm to New Jersey’s Public Service Enterprise Group (PSEG). The information provided in this announcement does not change Ørsted’s previous financial guidance for the financial year of 2021 or the announced expected investment level for 2021. For further information please contact: Ørsted Investor Relations Allan Bødskov Andersen +45 99 55 79 firstname.lastname@example.org Ørsted Group Media RelationsTom Christiansen+45 99 55 60 email@example.com Attachment OCW divestment completed
Casino Group actively studies potential market operations for Cdiscount and GreenYellow subsidiaries Paris, 12th April 2021, The Board of Directors of Casino Group today reviewed strategic options for its Cdiscount and GreenYellow subsidiaries. The Board noted the excellent operational performances of both companies, their recognized strong growth potential in their respective markets and the current favorable environment on the equity market. It also confirmed the strategic role of both subsidiaries in the Group’s profitable growth plan. As a result, Casino Group announces that it has launched preparatory works for potential additional capital increases for GreenYellow and Cdiscount to enable them to accelerate their growth plans. Those operations, which could be done through market operations, could also include a secondary placement of shares held by the Group, while ensuring that Casino Group continues to maintain control of both strategic subsidiaries. The Group will keep the market informed of the evolution of those projects which will be conducted in consultation with the other shareholders of both subsidiaries1. Disclaimer This press release was prepared solely for information purposes, and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice. ANALYST AND INVESTOR CONTACTSLionel BENCHIMOL – +33 (0)1 53 65 64 17 firstname.lastname@example.org +33 (0)1 53 65 24 17 IR_Casino@groupe-casino.fr PRESS CONTACTSCasino Group – Direction of CommunicationStéphanie ABADIE - email@example.com - +33 (0)6 26 27 37 05 or +33(0)1 53 65 24 78 - firstname.lastname@example.org Agence IMAGE 7Karine ALLOUIS - +33(0)1 53 70 74 84 - email@example.comFranck PASQUIER – Tel : +33 (0)1 53 70 74 91 - firstname.lastname@example.org 1 Cdiscount is a subsidiary owned at 100% by Cnova, which is owned at 65% by Casino Guichard-Perrachon and 34% by GPA; GreenYellow is a subsidiary owned at 73% by Casino Guichard-Perrachon and 24% by Tikehau and Bpifrance Attachment 2021.04.12 - PR - Casino Group actively studies potential market operations for Cdiscount and GreenYellow subsidiaries
VANCOUVER, British Columbia, April 12, 2021 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”), is pleased to announce that SGS Canada Inc. (“SGS”) has reported on pre-concentration of the rare earth content of DEEP FOX, FOXTROT and FOX MEADOW mineral samples using Low Intensity Magnetic Separation (LIMS) and Wet High Intensity Magnetic Separation (WHIMS). This program was initiated following the successful use of LIMS to concentrate magnetite and WHIMS to concentrate rare earth elements prior to zirconia flotation with a channel sample of SILVER FOX deposit mineralization (see Search Minerals new release January 12, 2021). HIGHLIGHTS – RARE EARTH CONCENTRATION The DEEP FOX, FOXTROT and FOX MEADOW results for WHIMS concentration of REE’s are shown below. A sample of DEEP FOX mineralization containing 1.15% TREO/Y was treated sequentially by LIMS and WHIMS. The WHIMS concentrate was enriched to 5.55% TREO/Y containing enriched levels of the key magnet making elements (Nd/Pr/Tb/Dy). The overall recovery of TREO/Y to the WHIMS Concentrate was 78.3%A sample of FOXTROT mineralization containing 1.13% TREO/Y enriched to 4.81% TREO/Y in the WHIMS concentrate with an overall recovery of 78.3%.A sample of FOX MEADOW mineralization containing 0.92% TREO/Y enriched to 3.91% TREO/Y in the WHIMS concentrate with an overall recovery of 81.8%.Further work at SGS Canada is planned to investigate increases in recovery and grade of the WHIMS rare earth concentrates and to demonstrate REE recovery via the Search Direct Extraction process applied to the concentrates. DEEP FOXNd (g/t)Pr (g/t)Tb (g/t)Dy (g/t)TREO/YMineral Sample1633419442661.15%WHIMS Concentrate8061209720411835.55%Recovery (%)80.381.073.171.778.3 FOXTROTNd (g/t)Pr (g/t)Tb (g/t)Dy (g/t)TREO/YMineral Sample1553418352231.13%WHIMS Concentrate676018301328244.81%Recovery (%)80.180.970.369.478.3 FOX MEADOWNd (g/t)Pr (g/t)Tb (g/t)Dy (g/t)TREO/YMineral Sample1480381331840.92%WHIMS Concentrate616316231156633.91%Recovery (%)82.685.965.964.681.8 SGS Magnetic Separation Testing was conducted on three samples of mineralization from the DEEP FOX, FOXTROT and FOX MEADOW deposits within the Port Hope Simpson Critical Materials District. The DEEP FOX and FOX MEADOW samples were channel samples from the surface exposure of the deposits and the FOXTROT sample was a blend of three large samples of over 40 tonnes of material taken in preparation for pilot plant programs. The samples were ground to 100% passing 270 mesh particles size to liberate the rare earth minerals from the host minerals. For each deposit type, a 10 kg sample of ground material was subjected to LIMS testing. The LIMS concentrates bear the strongly magnetic minerals in the samples including magnetite. A 200 g portion of LIMS non-magnetic material was then passed through a WHIMS at 5000, 10,000 and 15,000 Gauss field strength. Three concentrates were recovered per deposit type and these were combined and analyzed. The results are summarized in simplified tabular format below (Table 1). The major findings are; Rare earth elements were concentrated by WHIMS at ~80% overall recovery, yielding 3.91-5.5% TREO (including Y) grade. The mass of material reporting to the WHIMS concentrates ranged from 16-19% of the original material. This will dramatically reduce the material to be processed via the Direct Extraction Process.LIMS concentrates containing 92-98% Fe2O3 have been produced. These concentrates may be saleable as a by-product as an iron ore concentrate.The WHIMS non-magnetic product contains ~83-88% of the ZrO2 from the original mineral samples. This result is consistent with the Silver Fox testing reported in a News Release dated January 12, 2021. The deportment of ZrO2 to the WHIMS non-magnetic product allows the further opportunity to recover zirconium and hafnium by mineral separation (eg. flotation) processes. These results will be the basis for further process optimization and engineering trade off studies. The process optimization work will focus on obtaining increased grade of WHIMS magnetic concentrate and increasing the overall recovery. Engineering trade off studies will compare the cost of whole of ore treatment by the Direct Extraction Process versus pre-concentration by magnetic separation followed by WHIMS concentrate treatment by the Direct Extraction Process. Greg Andrews, President/CEO states; “This test work demonstrates the potential to use LIMS and WHIMS to recover magnetite concentrate for potential sale and, most importantly, to recover a REE concentrate for processing to recover a high grade REE product for refining and separation. The treatment of a REE concentrate from any of our deposits would dramatically reduce the size of a Direct Extraction process plant for REE recovery. Similarly, the use of acids and bases and other reagents would be significantly reduced. Search Minerals has now confirmed that magnetic concentration can be applied to DEEP FOX, FORTROT AND FOX MEADOW mineralization. Search Minerals thanks ACOA and InnovateNL for their continued support received to undertake this study.” Corporate Developments: The Company has put into effect an internal blackout on trading of the Company’s shares with immediate effect. This policy covers the management and board of directors of the Company and InCoR Holdings (the Company’s controlling shareholder). Table 1. Summary of LIMS and WHIMS Testing of DEEP FOX, FOX TROT and FOX MEADOW Samples at SGS Canada DEEP FOXLIMS + WHIMS Combined Products Product WeightAssays, %, or g/t %Ce %Nd %La %Pr %Sm g/tEu g/tGd g/tTb g/tDy g/tHo g/tEr g/tTm g/tYb g/tLu g/tY g/tTREO %U g/tTh g/tZrO2 %SiO2 %Al2O3 %Fe2O3 %WHIMS Mags16.01.730.810.740.21152482.01244204118323463988.952667.054995.55584351.921.94.015.5WHIMS Non-Mags77.50.080.040.030.01725.578159120628.86310.54860.3019.4242.238.23.51.4LIMS Mags6.50.050.050.020.01572.557117016446.3405.73870.207.9126.96.36.1994.6Head (calc.)1000.340.160.150.043241726744266541542214118.412971.1525892.871.66.311.4 ProductWeight Distribution % %CeNdLaPr Sm Eu Gd Tb Dy Ho Er Tm Yb Lu YTREOU Th ZrO2SiO2Al2O3Fe2O3WHIMS Mags16.081.580.381.481.08074.8767372706766.36255.768.778.33778.415.510.519.031.8WHIMS Non-Mags77.517.618.917.718.01824.3232527293131.83642.329.420.660.720.783.088.980.414.1LIMS Mags188.8.131.52.184.108.40.206.220.127.116.11.91.81.82.01.91.142.01.01.40.60.554.1 FOXTROTLIMS + WHIMS Combined Products Product WeightAssays, %, g/t %Ce %Nd %La %Pr %Sm g/tEu g/tGd g/tTb g/tDy g/tHo g/tEr g/tTm g/tYb g/tLu g/tY g/tTREO %U g/tTh g/tZrO2 %SiO2 %Al2O3 %Fe2O3 %WHIMS Mags19.31.580.680.720.18119561.690013282415744959.536449.941994.81865601.946.94.421.7WHIMS Non-Mags73.90.090.040.040.01925.583148917507.0488.24520.3324.5481.818.104.22.168LIMS Mags6.80.050.050.020.01502.555106714415.2315.13450.1916.7240.34.60.597.1Head (calc.)1000.360.160.160.042831522935223421231710715.011141.13361451.722.214.171.124 Product WeightDistribution % %CeNdLaPr Sm Eu Gd Tb Dy Ho Er Tm Yb Lu YTREOU Th ZrO2SiO2Al2O3Fe2O3WHIMS Mags19.381.080.180.880.97673.7737069696967.66560.069.478.34674.421.513.612.033.0WHIMS Non-Mags73.918.119.018.318.22225.1262829292930.33337.728.520.550.524.577.386.087.512.2LIMS Mags126.96.36.199.188.8.131.52.62.02.12.32.22.12.02.32.184.108.40.206.20.50.554.8 FOX MEADOWLIMS + WHIMS Combined Products Product WeightAssays, %, g/t %Ce %Nd %La %Pr %Sm g/tEu g/tGd g/tTb g/tDy g/tHo g/tEr g/tTm g/tYb g/tLu g/tY g/tTREO %U g/tTh g/tZrO2 %SiO2 %Al2O3 %Fe2O3 %WHIMS Mags18.21.340.620.530.16103450.373811566312934646.328138.726333.9148960.9220.127.116.11WHIMS Non-Mags75.60.040.030.010.01824.980138117466.8405.93510.209.981.835.46.00.7LIMS Mags6.20.040.040.020.01725.578148115405.7323.43210.1813.818.104.22.1681.9Head (calc.)1000.280.150.120.04269142063318439104148512.07330.9218252.066.29.311.0 Product WeightDistribution % %CeNdLaPr Sm Eu Gd Tb Dy Ho Er Tm Yb Lu YTREOU Th ZrO2SiO2Al2O3Fe2O3WHIMS Mags18.288.182.689.985.97469.5686665636360.66160.262.681.85173.510.613.78.041.4WHIMS Non-Mags75.611.016.69.313.22428.1303133353536.93638.134.616.944.125.088.685.791.46.7LIMS Mags22.214.171.124.126.96.36.199.188.8.131.52.184.108.40.206.220.127.116.11.80.60.551.9 Qualified Person:Dr. David Dreisinger, Ph.D., P.Eng, is the Company’s Vice President, Metallurgy, and Qualified Person (as defined by National Instrument 43-101) who has supervised the preparation of and approved the technical information reported herein. The company will endeavour to meet high standards of integrity, transparency, and consistency in reporting technical content, including geological and assay (e.g., REE) data. About Search Minerals Inc. Led by a proven management team and board of directors, Search is focused on finding and developing Critical Rare Earths Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South East Labrador. The Company controls a belt 63 km long and 2 km wide and is road accessible, on tidewater, and located within 3 local communities. Search has completed a preliminary economic assessment report for FOXTROT, and a resource estimate for DEEP FOX. Search is also working on three exploration prospects along the belt which include: FOX MEADOW, SILVER FOX and AWESOME FOX. Search has continued to optimize our patented Direct Extraction Process technology with the generous support from the Department of Tourism, Culture, Industry and Innovation, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. We have completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining. For further information, please contact: Greg AndrewsPresident and CEOTel: 604-998-3432E-mail: email@example.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding “Forward-Looking” Statements: Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company’s anticipated use of proceeds of the Private Placement, and other forward-looking information. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to obtain the necessary Exchange approvals to complete the Private Placement or to apply the proceeds of the Private Placement as anticipated by management. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's financial condition and development plans do not change as a result of unforeseen events, and that the Company will receive all required regulatory approvals, including Exchange approval, for the Private Placement. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company does not assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Ohio on behalf of those who acquired Lordstown Motors Corp. ("Lordstown" or the "Company") (NASDAQ: RIDE) securities from August 3, 2020 through March 24, 2021 (the "Class Period"). Investors have until May 17, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.