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Formerra Expands Leadership Team to Support Accelerated Global Growth
Kyle's 26 years of experience in specialty chemicals, industrial minerals, and polymer industries will help him to lead and execute Formerra's commercial strategy as the Company enters an inflection point driven by commercial investment, global expansion, and accelerated growth.
Stabilis Solutions Announces Management Transition
HOUSTON, TX / ACCESS Newswire / February 3, 2025 / Stabilis Solutions, Inc. ("Stabilis" or the "Company") (Nasdaq:SLNG), today announced the departure of President and CEO Westervelt T. "Westy" Ballard, Jr., effective January 31, 2025. This decision reflects a mutual understanding between both the Board of Directors and Mr. Ballard as Stabilis embarks on its next phase of strategic growth. Mr. Ballard will serve in a consulting capacity through the end of 2025 to ensure a smooth transition.
XS Financial Closes Upsized $100 Million Needham Bank-Led Credit Facility with Participation from First Citizens Bank
LOS ANGELES, CA / ACCESS Newswire / February 3, 2025 / XS Financial Inc. ("XS Financial" "XS" or the "Company"), an established equipment finance company serving middle-market storied credits, today announced that it has amended and upsized its current $70 million line of credit with Needham Bank ("Credit Facility") to $100 million, with First Citizens Bank participating for $20 million. XS Financial intends to use loan proceeds to fund additional CAPEX and equipment leases with new and existing customers.
RedChip Launches RedChat: Revolutionary AI Chatbot for Small-Cap Stock Analysis
RedChat provides data-driven precision, real-time efficiency, and comprehensive coverage
Green Leaf Innovations (GRLF) Celebrates FDA's Decision to Halt Flavored Cigar Ban
Announces Expansion of (COCOA-MGE-Antalya) Flavored Cigar Line.
Clear Start Tax Delivers a Game-Changing IRS Settlement - $17,000 in Debt Reduced to $50
Expert Tax Relief Strategies Turn Financial Hardship into a Fresh Start
Mill City Ventures Collateralizes $10 Million Loan to Mustang Funding
WAYZATA, MN / ACCESS Newswire / February 3, 2025 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) announced today that it has entered into a Security Agreement with Mustang Funding, LLC. Under the Security Agreement, Mill City Ventures obtained a second-position lien on substantially all of Mustang Funding's assets to serve as collateral for Mill City Ventures' $10 million principal amount loan to Mustang Funding. [Mill City Ventures also entered into an Amended and Restated Subordination and Intercreditor Agreement with the senior lender to Mustang Funding, and, as earlier announced, contemporaneously amended its Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding. Mill City Ventures sought collateral for its loan pursuant to provisions that had been negotiated as part of its original lending transaction with Mustang Funding and in connection with its earlier-announced termination of its non-binding letter of intent with Mustang Funding.] The Security Agreement, deemed effective as of January 24, 2025, reinforces Mill City Ventures' commitment to risk-managed, short-term commercial lending strategies.
MIT Solve Launches $1.5M Global Search for Tech-Enabled Social Innovations
The world's leading social impact platform seeks tech innovators tackling global challenges in Climate, Health, Learning, Economic Prosperity, and Indigenous Communities
iFabric Corp. Announces Fifth Consecutive Year of Revenue Growth
MARKHAM, ON / ACCESS Newswire / February 3, 2025 / iFabric Corp. (TSX:IFA)(OTCQX:IFABF), a leading provider of innovative functional-fabrics, value-added specialty apparel, and surface-treatment technologies, is pleased to announce its fifth consecutive year of revenue growth, with the last two years each reflecting strong, double-digit increases.
Ascendant Resources Announces Business Combination With Cerrado Gold
All share consideration implies value of C$0.06 per Ascendant Share,representing a premium of 14% based on the respective 30-day VWAPs of Cerrado and Ascendant as at January 30, 2025.Acquisition provides certitude of funding for the continued advancement of the Lagoa Salgada Project and immediate exposure to a strong cash position of US$21M and cash flows from current gold production of approximately 50,000 ounces per year.Cerrado Gold Inc ("Cerrado") absorbs US$5.1M of Ascendant debt.Cerrado to provide immediate funding of C$0.9 million Cash through Private Placement, and Sprott Private Resources Streaming and Royalty Corp. to convert up to [C$2.4million] of debt into Shares.Proforma company with immediate cashflow, strong diversification of commodity, geographical and asset risk and the balance sheet to continue to advance all projects towards productionReduced equity dilution for Ascendant shareholdersCerrado Gold Management to host Conference Call to discuss transaction on February 3, 2025, at 10:00 AM EST
'Failing marriage': Canadian border cities dismayed by US trade rift
Canadian border cities were left saddened and angered on Sunday over US President Donald Trump's move to impose steep tariffs, with the mayor of Sarnia, Ontario likening the rift to a "failing marriage."
EU vows firm response if Trump unleashes tariffs
The European Union insisted Sunday it would retaliate "firmly" if US President Donald Trump hit it with tariffs, as Brussels decried his sweeping measures against Canada, Mexico and China.
Trump says tariff 'pain' will be 'worth the price'
President Donald Trump said Sunday that Americans may feel economic "pain" from his tariffs on key trading partners, but argued it would be "worth the price" to secure US interests.
China shrugs off new Trump tariffs but bruising trade war looms
Donald Trump's new tariffs will probably not have a major impact on China's economy but may herald the opening salvo of another bruising trade war with Beijing, analysts said Sunday.
Trump unveils sweeping US tariffs on Canada, Mexico, China
President Donald Trump announced broad tariffs Saturday on major US trading partners Canada, Mexico and China, invoking emergency economic powers to do so while citing a "major threat" from illegal immigration and drugs.
US unveils sweeping tariffs on Canada, Mexico, China
President Donald Trump is imposing steep tariffs on major US trading partners Canada, Mexico and China, with a lower rate on Canadian energy imports, the White House said Saturday.
Trump tariff deadline looms, Canada told levies coming Tuesday
President Donald Trump is due to unleash fresh tariffs Saturday on major US trading partners Canada, Mexico and China -- with Ottawa informed that levies will be effective within days.
Trump tariff deadline looms over Canada, Mexico, China trade
President Donald Trump is due to unleash fresh tariffs Saturday on major US trading partners Canada, Mexico and China, threatening upheaval across supply chains from energy to autos.
Horst Koehler, German ex-president and IMF chief, dead at 81
Germany's former president Horst Koehler, who also once headed the International Monetary Fund and was a strong backer of Africa, died Saturday aged 81 after a brief illness.
Pre-Grammys gala honoring the Grateful Dead focuses on fire relief
Music world A-listers took the stage Friday to honor the Grateful Dead at an annual pre-Grammys benefit gala, which this year raised millions for musicians impacted by the recent wildfires that devastated Los Angeles.
Taliban govt-run corporation takes over luxury Kabul Serena hotel
Afghanistan's Taliban government took over management of Kabul's famed Serena hotel on Saturday, a hotel statement said, a luxury property targeted by Taliban attacks during their insurgency.
Benin seeks home-grown cotton 'revolution'
Mathias Azonnoudo, a 50-year-old farmer in Benin, was taking a break sitting on a large pile of freshly picked cotton, which the government hopes will feed the country's nascent textile revolution.
Philadelphia plane crash marks a second US aviation disaster
A small jet with six people onboard crashed into a busy Philadelphia suburb Friday, officials said, marking another US aviation disaster after a passenger plane and a military helicopter collided midair in Washington earlier this week.
Trump to impose Canada, Mexico, China tariffs at weekend
President Donald Trump will implement tariffs Saturday on the three largest US trading partners -- Canada, Mexico and China -- saying there was nothing they could do to forestall him while vowing further levies on various industries.
US charges former Fed official with spying for China
US prosecutors announced Friday that they have charged a former Federal Reserve advisor with spying on behalf of China while posing as a part-time lecturer at a local university.
Meta mulling incorporation shift to Texas: report
Meta is considering whether to move its incorporation to Texas, a US state seen as amenable to companies run by big shareholders like Mark Zuckerberg, the Wall Street Journal reported Friday.
World's longest cargo sail ship launched in Turkey
The world's longest wind-powered cargo ship was launched Friday in Turkey, offering a promising way to slash carbon emissions from merchandise trade.
Grim search for plane crash bodies as Trump doubles down
US investigators insisted Friday they will not bow to outside pressure as they search for bodies and the remaining black box after the fatal Washington air collision, as President Donald Trump doubled down on political point scoring.
Stock markets mostly gain at end of turbulent week
Stock markets mostly rose Friday, led by New York after strong results from Apple reassured investors that the tech sector was still healthy after a volatile week, though European shares were hit by a late bout of profit taking.
Stock markets gain at end of turbulent week
Major stock markets rose Friday, as a key US inflation reading met expectations and strong results from Apple reassured investors that the tech sector is still healthy after a turbulent week.
Calls for UK govt to allow bird flu vaccines for poultry
Several farming organisations on Friday urged the UK government to allow vaccinations for poultry against bird flu amid an outbreak of the highly contagious disease in the country.
Offshore wind power giant Orsted changes CEO
Denmark's struggling offshore wind power group Orsted said Friday it was replacing its CEO with his deputy as the sector faces an "increasingly challenging situation".