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Businesses Achieved 322% ROI with Avalara, According to New Total Economic Impact Study
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New study finds a composite Avalara customer realized $1.2 million in benefits and $881,000 in net present value over three years, with payback in under six months
SYDNEY, Sept. 9, 2026 /PRNewswire/ — Avalara, Inc., the agentic AI leader in global tax and compliance, today announced the results of a new commissioned study conducted by Forrester Consulting: The Total Economic Impact™ (TEI) Of Avalara. The study found that a composite organization representative of Avalara customers achieved a 322% return on investment over three years, with an investment payback period of less than six months.
“We believe a 322% ROI and payback in under six months demonstrate that compliance automation is a substantial financial advantage,” said Jayme Fishman, Chief Strategy and Product Officer at Avalara. “By combining trusted tax content with automation and AI directly in the systems businesses already use, we help customers improve accuracy, operate with greater confidence, and make tax and compliance more reliable as their businesses grow.”
To examine the potential return on investment that organizations may realize by deploying Avalara products and services, Forrester Consulting interviewed seven decision-makers across industries with direct experience using Avalara. Forrester aggregated their experiences into a single composite business with 2,000 employees and $300 million in annual revenue.
Why the Study Matters for Tax and Finance Teams
Regulatory requirements continue to expand and grow more complex, making manual, spreadsheet-based tax compliance increasingly difficult to sustain. Before adopting Avalara, interviewees described relying on manual processes and legacy systems to calculate and manage sales and use tax, file returns and 1099 and W-9 forms, maintain rates, and apply exemptions. These approaches were time-consuming and led to inaccurate calculations, inconsistent exemption handling, and material compliance risk, including audit findings, penalties, and back taxes.
After investing in Avalara, interviewees’ organizations automated tax calculation, filing, and exemption management through a centralized system integrated with their ERP platforms. As a result, they improved accuracy and compliance while reducing manual effort and spending on third-party services.
Key Financial Findings
A three-year financial analysis of the composite organization demonstrated:
- 322% return on investment (ROI) over three years.
- $881,000 in net present value (NPV) over three years.
- $1.2 million in total benefits versus $274,000 in total costs over three years.
- Payback in less than six months.
Quantified Product-Level Value and Savings
Forrester quantified the following three-year, risk-adjusted present-value benefits for the composite organization:
- $317,000 saved by avoiding third-party services and additional full-time employees, allowing the organization to absorb growth in jurisdictions and compliance requirements without proportionally increasing headcount or consulting costs.
- $267,000 saved on use tax by automating taxable-purchase identification and use tax calculation and accrual, reducing up to 45 hours of manual review per month.
- $203,000 in labor savings from Avalara Exemption Certificate Management (ECM), which reduced certificates filed with errors by 95% through centralized, AI-assisted capture and validation.
- $96,000 saved by managing 1099 and W-9 preparation, validation, and submission within Avalara, reducing reliance on third-party filing providers.
- $93,000 in labor savings from Avalara Managed Returns, which eliminated 570 hours of work and reduced time spent on return filing by approximately 95%.
- $53,000 saved from Avalara VAT Reporting, which drove a 90% improvement in VAT compliance efficiency across multiple jurisdictions.
- $52,000 saved through improved audit preparation and avoided penalties, including a 90% efficiency gain in audit prep and roughly 36 hours saved per audit.
- $38,000 saved through participation in the Streamlined Sales Tax (SST) program using Avalara.
- $35,000 in labor savings from Avalara Tax Research, a 90% efficiency improvement that saved about 18 hours per month.
In addition to quantified savings, interviewed decision-makers highlighted significant unquantified benefits, including increased executive peace of mind, operational resilience, and seamless scalability without organizational strain.
Register to join Avalara and Forrester on October 7 to learn how organizations are realizing a 322% ROI with Avalara. This webinar will explore the findings from the Total Economic Impact™ study and the measurable business benefits of modernizing tax compliance.
About Avalara
Avalara is the agentic AI platform for global tax and compliance. For more than two decades, Avalara has built one of the most expansive libraries of tax content and integrations in the industry, processing more than 54 billion transactions annually and supporting millions of businesses worldwide. The company’s purpose-built AI agents automate end-to-end compliance with greater precision, from tax calculations and return filings to exemption certificate management and beyond. For more information, visit Avalara.com.
This study was commissioned by Avalara and conducted by Forrester Consulting. Results are based on the aggregated experiences of interviewed customers and a composite organization. Forrester makes no assumptions as to the potential ROI that other organizations will receive.
Thoma Bravo Announces Strategic Growth Investment in Tanda
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Investment to accelerate Tanda’s product innovation and global growth
BRISBANE, Australia and SAN FRANCISCO, Sept. 9, 2026 /PRNewswire/ — Thoma Bravo, the world’s largest software-focused investment firm, today announced a strategic growth investment in Tanda, a leading workforce management, payroll and HR platform for shift-based workers. Thoma Bravo’s investment will support Tanda’s continued product innovation, including the company’s AI roadmap and its expansion into new markets. Tanda’s co-founders will remain significant shareholders and will continue to lead the company, with Jake Phillpot remaining Chief Executive Officer. Terms of the transaction were not disclosed.
Tanda is the market leader in workforce management for shift-based employers, serving approximately 8,000 businesses globally across hospitality, retail, quick-service restaurants, healthcare and other frontline industries. Tanda’s integrated workforce management platform combines employee recruiting, onboarding, rostering, time and attendance, gross wage calculations and payroll on a single codebase. This natively built product suite enables employers in complex, highly regulated markets to manage compliance and ensure employees are paid accurately. Trusted by thousands of organizations, Tanda’s platform powers the daily operations of some of the most demanding frontline businesses in the world.
“Taking on an investor was a very big decision for Tanda,” said Jake Phillpot, Co-Founder & Chief Executive Officer of Tanda. “We’ve been a bootstrapped company with no outside capital since we were founded 14 years ago. What started as an idea when we were still housemates at university has become a global business that we have built without taking shortcuts. Through a lot of hard work, we have market-leading products, growing market share and so much more room to grow. We thought the time was right to take on our first investor.”
“Thoma Bravo was the obvious choice as our financial partner,” Phillpot continued. “They understand software at an extraordinary level, have spent decades helping companies like ours scale and share our ambition for what Tanda can become. By partnering with the world’s number one software investor, we intend to become the global category leader in our space. Most importantly, the things that make Tanda precious won’t change. The founders will still come to work every day, and we’ll still obsess over how we can make our products better for our customers.”
“Managing and compensating employees accurately is a fundamental obligation of all employers, yet it remains a universal challenge, particularly for businesses with shift-based employees,” said Carl Press, a Partner at Thoma Bravo. “Employers are frustrated by a patchwork of legacy systems that cannot address their complex needs and expose them to operational and legal risks. Jake and his co-founders identified this problem and built Tanda from the ground up with customers and their employees at the center of every product decision. In doing so, they’ve laid the groundwork to become the definitive AI-native workforce management solution in the shift-based economy. We couldn’t be more thrilled to help them drive the next chapter of accelerated growth and innovation.”
“Tanda has everything we look for in an investment: market leadership, a fiercely loyal customer base and a product-first founding team with deep domain expertise,” said Adam Kinalski, a Principal at Thoma Bravo. “Jake and his co-founders have built a rare business that matches strong product-market fit with exceptional operational execution. We’re excited to partner with them on their mission to make Tanda the global standard in workforce management and payroll software for shift-based employers.”
Barrenjoey Advisory Pty Ltd is serving as financial advisor to Tanda, and SBA Law is serving as legal counsel. Piper Sandler & Co. is serving as exclusive financial advisor to Thoma Bravo, and Kirkland & Ellis LLP and Allens are serving as legal counsel.
About Thoma Bravo
Thoma Bravo is the world’s largest software-focused investment firm, with approximately $170 billion in assets under management as of June 30, 2026. Partnering with some of the world’s most sophisticated investors, Thoma Bravo’s private equity and private credit platforms reflect a focused investment strategy, supported by disciplined execution, deep sector expertise and leadership continuity. Over the past 20-plus years, Thoma Bravo has acquired or invested in approximately 600 software and technology companies, representing more than $325 billion of aggregate enterprise value (including control and non-control investments, as well as add-on acquisitions). Learn more at thomabravo.com and on LinkedIn.
About Tanda
Founded in 2012 and headquartered in Brisbane, Australia, Tanda (operating internationally as Workforce.com) is an all-in-one payroll, HR and workforce management system for businesses with shift-based and hourly workforces. Tanda’s platform brings rostering, time and attendance, award interpretation, compliance, payroll and HR onboarding together in a single system, helping employers in hospitality, retail, healthcare and other frontline industries schedule efficiently and pay employees accurately. The company serves thousands of customers across Australia, North America, the United Kingdom and Southeast Asia. For more information, visit tanda.co.
For Thoma Bravo
Abby Farr
Vice President, Communications & Marketing
+1 646-957-2067
afarr@thomabravo.com
For Tanda
Georgie Pollok
Head of Marketing
media@tanda.com.au
CJ 4DPLEX Partners with ATLAS Biograferne To Debut Denmark’s First-Ever SCREENX
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ATLAS Biograferne Cinemas becomes the first in Denmark to feature 270-degree panoramic SCREENX auditorium
BURBANK, Calif., Sept. 9, 2026 /PRNewswire/ — CJ 4DPLEX, the world’s leading producer of premium cinema formats and immersive theater experiences, and ATLAS Biograferne, an independent multiplex cinema located in Rødovre, Denmark, today announced the debut of the country’s first 270-degree panoramic SCREENX auditorium, marking the format’s long awaited arrival in the Danish market.
Nestled in the western part of Greater Copenhagen within Rødovre Centrum shopping complex, ATLAS Biograferne has earned a reputation as one of Denmark’s well-regarded independent and highly ambitious cinemas, drawing moviegoers from across the greater Copenhagen area and beyond. The addition of SCREENX reflects the theater’s longstanding commitment to premium moviegoing and marks a defining moment for Danish cinema audiences, delivering their first-ever access to CJ 4DPLEX’s acclaimed 270-degree panoramic format.
ATLAS Biograferne multiplex will feature a beautifully designed space with 76 seats and a 126 foot-wide panoramic screen, placing audiences at the center of the action and delivering a format unlike anything else available in Denmark. SCREENX seamlessly extends the image beyond the main screen and across the surrounding walls of the auditorium. Together, these elements transform traditional moviegoing into a fully panoramic event unlike anything previously available to Danish audiences.
“Denmark represents an exciting new chapter for SCREENX, and we couldn’t be more thrilled to bring this experience to Danish audiences for the first time,” said Don Savant, Chief Business Officer, CJ 4DPLEX. “We’re incredibly grateful to our partners at ATLAS Biograferne for sharing our vision for the future of premium cinema and for helping us introduce SCREENX to this important market. ATLAS Biograferne is the perfect home for our first SCREENX auditorium in Denmark, and we look forward to welcoming moviegoers into a truly immersive cinematic experience unlike anything they’ve seen before.”
In a joint statement, Emil and Marie Mark Nørholm, owners of ATLAS Biograferne, said: Becoming the first cinema in Denmark to offer SCREENX is something we are enormously proud of. At ATLAS Biograferne, our commitment to delivering exceptional cinematic experiences has always been at the core of what we do, and this partnership with CJ 4DPLEX marks an exciting new chapter in that mission. The chance to give our audience two more sides to the story is both exhilarating, incapsulating, and simply gives our audience a new premium experience. And isn’t that what cinemas is all about?”
The announcement builds on CJ 4DPLEX’s existing 4DX presence in Denmark, where the company has already brought its multisensory premium format to audiences in partnership with Nordisk Film Cinemas at Aarhus Bio, Lyngby Kinopalæet, and Field’s in Copenhagen, as part of a broader push deeper into the Nordic region.
Through this partnership, CJ 4DPLEX and ATLAS Biograferne are redefining what premium cinema looks like in Denmark, giving audiences an entirely new way to experience films on the big screen. Denmark’s first SCREENX auditorium will be located at ATLAS Biograferne, Rødovre Centrum 96, 2610 Rødovre, Denmark.
About CJ 4DPLEX
CJ 4DPLEX is a proud subsidiary of CJ Group, Korea’s leading lifestyle and culture company. Headquartered in Sangam, Seoul, we design and develop immersive cinema technologies that inspire audiences worldwide. Guided by creativity, technology, and cultural vision, we are committed to redefining the future of cinema starting right here in Korea.
CJ 4DPLEX is redefining the moviegoing experience across many countries worldwide, working with the world’s top exhibitors to deliver SCREENX, 4DX and ULTRA 4DX to audiences everywhere. From the United States to Europe, Asia, and the Middle East, our global presence keeps growing driven by our mission to make immersive storytelling the standard in cinema. Innovation drives us to connect people beyond language and borders through shared experiences.
About SCREENX
SCREENX is the world’s most immersive platform, breaking free from the boundaries of a single screen to place audiences at the heart of the story.
With visuals flowing seamlessly across the walls, SCREENX connects film and space, creating moments of true natural immersion. Every sequence is curated to reflect the director’s vision, turning each film into a journey only SCREENX can deliver.
About ATLAS Biograferne
ATLAS Biograferne is an independent Cinema, located in the western part of Greater Copenhagen.
The company is owned by Emil & Marie Mark Nørholm, since 2013 when they built the 7-screen luxurious cinema. ATLAS Biograferne was the cinema with the highest growth rate in 2025. The introduction of SCREENX in the Danish market marks yet another manifestation of the ambitious cinema. “We constantly strive for the joint experiences. That is what the cinema can – give us a joint experience, and therefore we should always strive at improving this cinema experience. The introduction of SCREENX will definitely give our audiences an unique and premium experience.”
UNSW Selects D2L for Institution-Wide Learning Transformation Reaching Over 80,000 Learners
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Australia’s top university is set to roll out D2L Brightspace as the foundation of its new digital learning environment
MELBOURNE, Australia, Sept. 9, 2026 /PRNewswire/ — D2L, a global leader in learning innovation, shares that UNSW Sydney has selected D2L Brightspace as its new learning platform. This partnership will support an ambitious, institution-wide transformation of the teaching and learning experience for over 80,000 learners and thousands of educators.
One of the world’s leading research-intensive universities, and a member of Australia’s prestigious Group of Eight universities, UNSW ranks #1 in Australia and #19 globally in the 2027 QS World University Rankings. Guided by its mission to advance Progress for All globally through transformative education, innovative research and meaningful engagement, UNSW is investing in a human-centred digital learning ecosystem that embodies its Values in Action: demonstrating excellence, driving innovation, building collaboration, embracing diversity and displaying respect.
Together, UNSW and D2L can deliver more consistent, personalised, accessible and engaging learning experiences, while helping reduce complexity for educators and advancing innovative approaches to content and assessment design. The multi-year rollout of D2L Brightspace across the institution is designed to help create a more seamless, integrated and adaptable digital learning environment that can support both on-campus and flexible learning pathways.
“Higher education is changing rapidly. We can see the impact of changing student expectations, new models of education and emerging technologies here in Australia, while globally we are seeing even greater change on the horizon,” said Professor Vlado Perkovic, Provost and Acting Vice-Chancellor at UNSW Sydney. “For UNSW, this meant we needed to take a long-term view of the learning environment we want to create for our future students and educators. We have chosen a partner in D2L whose focus is teaching and learning, and who can work with us to build a modern, flexible platform that can evolve with our community.”
Professor Sarah Maddison, Deputy Vice-Chancellor, Education and Student Experience, said the new platform would help ensure UNSW’s learning environment keeps pace with the needs of students and educators.
“Our students are entering an increasingly complex world, shaped by rapid technological, professional and social change. Their learning environment needs to be ready for what comes next,” said Professor Maddison. “We are not simply implementing an off-the-shelf platform. We are designing our future learning environment together with our students and staff. D2L Brightspace gives us the opportunity to create a more consistent, accessible and intuitive digital learning experience for our students, while giving our educators the flexibility and creativity to design and deliver outstanding teaching, now and into the future.”
UNSW plans to leverage a suite of D2L solutions to realise its education technology ambitions and Educational Technology Roadmap:
- D2L Brightspace: An award-winning learning platform designed to help educators create more interactive, personalised learning experiences and improve learning outcomes.
- D2L Creator+: A dynamic content creation tool that can integrate 50+ interactive H5P content types to support highly engaging, accessible learning experiences aligned with universal design principles.
- D2L Lumi: UNSW plans to use Lumi Chat, Lumi Tutor and Lumi Feedback to support enhanced learning experiences for learners and educators – embracing responsible AI design to uphold ethical standards, privacy and academic integrity.
- D2L Performance+: A robust analytics dashboard that can deliver actionable insights into learner engagement, success and retention, empowering educators to make data-informed decisions that improve outcomes for students.
UNSW selected D2L for its strong alignment with the University’s broader learning transformation strategy and commitment to human-centred design, genuine co-design with the UNSW community, accessibility, scalability, interoperability and responsible innovation. D2L’s approach to design and continuous product development further supports UNSW’s focus on inclusive, future-ready education that values diverse learners and helps to equip them to thrive.
“UNSW has an ambitious vision for Progress for All through transformative education,” said John Baker, President and CEO of D2L. “We are proud to work with UNSW on a transformation of this scale. Together we can empower learners to achieve more than they dreamed possible, help equip educators with innovative tools and insights, and thoughtfully explore the role responsible AI can play in shaping the future of education. We look forward to co-designing solutions closely with the UNSW community that reflect its values of excellence, innovation, collaboration, diversity and respect.”
About UNSW Sydney
UNSW Sydney is a global top 20 university committed to world-class teaching, pioneering research and strong industry engagement. As a founding member of the Group of Eight (Go8) and an active contributor to leading international academic networks, UNSW prepares students and researchers to solve complex global challenges with meaningful impact. The UNSW current 10-year strategy: Progress for All, reflects the ongoing commitment to leading the transition towards a sustainable society and world through research, inclusive education, and genuine engagement with communities.
About D2L
D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses.
X: @D2L
© 2026 D2L Corporation.
The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS.
All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners.
D2L Media Contact: PR@D2L.com
PMET Conducts Large Scale Caesium Sampling Program at CV13
Collection of pollucite pegmatite samples at scale supports ongoing development studies including further concentrate recovery and downstream caesium chemical testwork
MONTREAL, Sept. 8, 2026 /PRNewswire/ — September 9, 2026 – Sydney, Australia
Highlights
- More than 2.5 tonnes of pollucite pegmatite collected to date from outcrop at the Vega Zone (CV13).
- Collection utilizing very large diameter drill core (~30 cm) from a grid of shallow holes (<60 cm) over mineralized outcrop offering significant advantages:
- Larger size fragments (~30 cm) and larger quantity of sample.
- Fast and low-cost collection method.
- Pollucite concentrate derived from these samples will support larger scale downstream chemical testwork programs and industry product engagement.
- The Company continues engaging with strategic caesium players downstream, including building on its existing relationship with Koch Technology Solutions for chemical processing.
- Samples of pollucite pegmatite outcrop will continue to be collected as practical through the fall, with ore sorting testwork anticipated to begin in Q4 2026.
PMET Resources Inc. (the “Company” or “PMET”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to provide an update on its previously announced program targeting the collection of multiple tonne samples of pollucite pegmatite, supporting ongoing development testwork for concentrate production and downstream initiatives (collectively, the “BerryPick” program). The sample is being collected from an outcrop of the Vega Caesium Zone at the CV13 Pegmatite, where previous channel sampling returned 3.0 m at 9.43% Cs2O (see news release dated April 9, 2025).
More than 2.5 tonnes of pollucite pegmatite has been collected to date by way of an innovative shallow coring sampling program utilizing very large diameter drill core (~30 cm) from a grid of shallow holes (<60 cm) over the mineralized outcrop occurrence (Figure 1, Figure 2, Figure 3, and Figure 4). The core samples collected from the outcrop will be composited and submitted for ore sorting testwork, including geochemical analysis, which is anticipated to commence in Q4 2026. Final grades of composites will be announced with ore sorting test program results when received and compiled.

Figure 2: (TOP) Cored drill hole (~30 cm diameter) in pollucite pegmatite outcrop; (BOTTOM) Grid of cored drill holes (~30 cm diameter) in pollucite pegmatite outcrop (see Table 1). Segments between holes are jackhammered out and added to sample composite.

Figure 2: (TOP) Cored drill hole (~30 cm diameter) in pollucite pegmatite outcrop; (BOTTOM) Grid of cored drill holes (~30 cm diameter) in pollucite pegmatite outcrop (see Table 1). Segments between holes are jackhammered out and added to sample composite.

Figure 3: Bulk tonnage bags of pollucite pegmatite sample composites ready for shipping to the lab (see Table 1).
Pollucite (as described in Figure 1, Figure 2, Figure 3, and Table 1) has been determined based on visual identification, portable XRF readings on site, as well as prior sampling and geochemical assay of the outcrop (see news release dated April 9, 2025). The core samples collected from the outcrop will be composited and submitted for ore sorting testwork, including geochemical analysis, which is anticipated to commence in Q4 2026. Final grades of composites will be announced with ore sorting test program results when received and compiled. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations.
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Figure Number |
Nature of Occurrence |
Visual Estimates of Mineral(s) & Abundance |
Expected Timing of Assays |
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Figure 1 (Top) |
Massive/veined |
>5% pollucite in orange area with minor amounts of lepidolite & spodumene, remainder feldspar>quartz |
Mid 2027 |
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Figure 1 (Bottom) |
Massive/veined |
>90% pollucite with common spodumene/lepidolite and minor feldspar/quartz |
Mid 2027 |
|
Figure 2 (Top) |
Massive/veined |
>5% pollucite in orange area with minor amounts of lepidolite & spodumene, remainder feldspar>quartz |
Mid 2027 |
|
Figure 2 (Bottom) |
Massive/veined |
>5% pollucite in orange area with minor amounts of lepidolite & spodumene, remainder feldspar>quartz |
Mid 2027 |
|
Figure 3 |
Massive/veined |
~15% pollucite, common spodumene/lepidolite, minor feldspar>quartz (LEFT); <5% pollucite, minor spodumene/lepidolite, minor feldspar>quartz (RIGHT) |
Mid 2027 |
Sample Collection Methodology and Testwork
The sample collection methodology undertaken in the BerryPick program offers significant advantages. It provides larger diameter samples (~30 cm) required for more advanced ore sorting testwork. Having larger size pegmatite fragments (upwards of 30 cm) is required for future feasibility level data and allows for a more accurate assessment of recovery behavior during a mining operation as the sample better approximates blasted Run of Mine material after crushing compared to drill core.
Prior testwork had been limited to NQ (4.8 cm) and HQ (6.4 cm) core sizes as this was what material size was available, which was sufficient to support initial testwork programs. The BerryPick program samples will provide much larger size fragments at greater volume suitable for feasibility level assessment.
The current sampling program methodology also avoids the alternative (and significantly more expensive) methods of collection for large-size fragments at sufficient scale (which could include blasting and/or PQ coring – 8.5 cm) to support more advanced test programs. Further, it allows for large quantities of representative pollucite concentrate sample to be generated over a much shorter time period.
The Company’s primary objective of this program is to produce 500 – 1,000 kg of pollucite concentrate to support ongoing development testwork for pollucite concentrate production and downstream caesium chemical testwork. This would include potential future chemical testwork programs with Koch Technology Solutions, as the Company furthers engagement with strategic partners in the caesium industry downstream (see news releases dated April 15, 2026 and July 12, 2026).
The Company will continue to collect pollucite pegmatite samples as practical through the fall with ore sorting testwork anticipated to begin in Q4 2026 with results anticipated to be received and announced in the first half of 2027.

Figure 4: Principal pollucite pegmatite outcrop at the Vega Zone, CV13 Pegmatite (i.e., collection site for BerryPick).
In addition to being one of the largest lithium-tantalum pegmatite Mineral Resources1 and lithium pegmatite Mineral Reserves2 globally, the Property also hosts the world’s largest in-situ pollucite-hosted caesium pegmatite Mineral Resource, comprising 0.69 Mt at 4.40% Cs2O (Indicated) and 1.70 Mt at 2.40% Cs2O (Inferred). The CV13 Pegmatite, host to the caesium Mineral Resource, is located <3 km along trend from the CV5 Pegmatite, which is situated approximately 13 km south of the regional Trans-Taiga Road and powerline infrastructure corridor, and is accessible year-round by road.
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________________________ |
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1Consolidated MRE (CV5 + CV13 pegmatites) totals 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated), and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), at an Li2O cut-off grade of 0.40% (open-pit), 0.60% (underground CV5), and 0.70% (underground CV13). A grade constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones, contained entirely within CV13, with a MRE of 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred). The Effective Date is June 20, 2025. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves. |
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2Probable Mineral Reserve of 84.3 Mt at 1.26% Li2O at the CV5 Pegmatite with a cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground development and open-pit marginal tonnage containing material above 0.37% Li2O are also included in the statement. The Effective Date is September 11, 2025. See Feasibility Study news release dated October 20, 2025. |
Qualified/Competent Person
The technical and scientific information in this news release that relates to the Mineral Resource Estimate, exploration, and metallurgical results (including BerryPick as described herein) for the Company’s properties is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the related technical information in this news release.
Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and holds common shares, Restricted Share Units (RSUs), Performance Share Units (PSUs), and options in the Company.
Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under consideration, and to the activities being undertaken to qualify as a Competent Person as described by the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and context in which it appears.
The information in this news release that relates to the Mineral Reserve Estimate and Feasibility Study is based on, and fairly represents, information compiled by Mr. Frédéric Mercier-Langevin, Ing. M.Sc., who is a Qualified Person as defined by NI 43-101, and member in good standing with the Ordre des Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and approved the related technical information in this news release.
Mr. Mercier-Langevin is the Chief Operating and Development Officer for PMET Resources Inc. and holds common shares, RSUs, PSUs, and options in the Company.
About PMET Resources Inc.
PMET Resources Inc. is a pegmatite critical mineral exploration and development company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and proximal to regional hydro-power infrastructure.
In late 2025, the Company announced a positive lithium-only Feasibility Study on the CV5 Pegmatite for the Shaakichiuwaanaan Property and declared a maiden Mineral Reserve of 84.3 Mt at 1.26% Li2O (Probable)3. The study outlines the potential for a competitive and globally significant high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation (“DMS”) only process flowsheet. Further, the results highlight Shaakichiuwaanaan as a potential North American critical mineral powerhouse with significant opportunity for tantalum and caesium in addition to lithium.
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________________________ |
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3See Feasibility Study news release dated October 20, 2025. Probable Mineral Reserve cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground development and open-pit marginal tonnage containing material above 0.37% Li2O are also included in the statement. Effective Date of September 11, 2025. |
The Project hosts a Consolidated Mineral Resource4 totalling 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated) and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), and ranks as a top ten lithium pegmatite globally in size. Additionally, the Project hosts the world’s largest pollucite-hosted caesium pegmatite Mineral Resource at the Rigel and Vega zones with 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred).
This news release has been approved by
“KEN BRINSDEN“
Kenneth Brinsden, President, CEO, & Managing Director
Disclaimer for Forward-Looking Information
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws.
All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words or expressions such as “supports”, “ongoing”,, “continues”, “building”, “anticipated”, “advancing”, “objectives” or variations of such words or expressions 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 include, but are not limited to, statements concerning the timing of certain activities mentioned in this press release, the savings expected from the current sampling methodology program as well as the ability to to produce >500 kg to potentially >1 tonne of pollucite concentrate from the program.
Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the ability to obtain the required financing to bring the Project to development, the ability to make discoveries, the potential of each of tantalum, lithium and caesium, that proposed exploration work on the Property and the results therefrom will continue as expected, the accuracy of reserve and resource estimates, the classification of resources and the assumptions on which the reserve and resource estimates are based, long-term demand for lithium (spodumene), tantalum (tantalite), and caesium (pollucite) supply, and that exploration and development results continue to support management’s current plans for the Property’s development.
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4 Consolidated MRE (CV5 + CV13 pegmatites) is reported at an Li2O cut-off grade of 0.40% (open-pit), 0.60% (underground CV5), and 0.70% (underground CV13). A grade constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones, contained entirely within CV13. The Effective Date is June 20, 2025. Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves. |
Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, any of which could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects. Readers should review the detailed risk discussion in the Company’s most recent Annual Information Form filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.
Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate. If any of the risks or uncertainties mentioned above, which are not exhaustive, materialize, actual results may vary materially from those anticipated in the forward-looking statements.
The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.
Competent Person Statement (ASX Listing Rules)
The information in this news release that relates to the Feasibility Study (“FS”) for the Shaakichiuwaanaan Project, which was first reported by the Company in a market announcement titled “PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project” dated October 20, 2025 (Montreal time) is available on the Company’s website at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX website at www.asx.com.au. The production target from the Feasibility Study referred to in this news release was reported by the Company in accordance with ASX Listing Rule 5.16 on the date of the original announcement. The Company confirms that, as of the date of this news release, all material assumptions and technical parameters underpinning the production target in the original announcement continue to apply and have not materially changed.
The Mineral Resource and Mineral Reserve Estimates in this release were first reported by the Company in accordance with ASX Listing Rules 5.8 and 5.9 in market announcements titled “World’s Largest Pollucite-Hosted Caesium Pegmatite Deposit” dated July 20, 2025 (Montreal time) and “PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project” dated October 20, 2025 (Montreal time) and are available on the Company’s website at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX website at www.asx.com.au. The Company confirms that, as of the date of this news release, it is not aware of any new information or data verified by the competent person that materially affects the information included in the relevant announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person’s findings are presented have not been materially modified from the original market announcement.
Appendix 1 – JORC Code 2012 Table 1 (ASX Listing Rule 5.8.2)
Section 1 – Sampling Techniques and Data
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Criteria |
JORC Code explanation |
Commentary |
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Sampling techniques |
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Drilling techniques |
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Drill sample recovery |
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Logging |
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Sub-sampling techniques and sample preparation |
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Quality of assay data and laboratory tests |
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Verification of sampling and assaying |
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Location of data points |
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Data spacing and distribution |
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Orientation of data in relation to geological structure |
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Sample security |
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Audits or reviews |
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Section 2 – Reporting of Exploration Results
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Criteria |
JORC Code explanation |
Commentary |
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Mineral tenement and land tenure status |
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Exploration done by other parties |
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Geology |
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Drill hole Information |
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Data aggregation methods |
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Relationship between mineralization widths and intercept lengths |
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Diagrams |
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Balanced reporting |
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Other substantive exploration data |
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Further work |
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Pexar, Powered by Lexar, Launches PexarBolt Ultra TBT5 Dock with a 5-Inch Visual Dashboard
Featuring a Built-In 10GbE Port, CFexpress Type B Slot, and Dedicated SSD Slot for High-Speed Workflows
BERLIN, Sept. 9, 2026 /PRNewswire/ — Pexar, a smart device brand powered by Lexar, today launched its Kickstarter campaign for the PexarBolt Ultra TBT5 Dock, a 5-inch touch control dashboard designed with a simple goal: see your workflow, control your desk. Powered by Thunderbolt 5 and compatible with both macOS and Windows systems, the PexarBolt Dock provides up to 80 Gbps of bidirectional bandwidth, with Bandwidth Boost delivering up to 120 Gbps of transmit bandwidth for display-intensive workflows. A single Thunderbolt 5 cable connects to all 22 ports, including 10GbE, an NVMe slot, and CFexpress Type B.
The world’s first touch control dashboard on a Thunderbolt 5 dock
The PexarBolt Dock integrates a 5-inch touch control dashboard that displays real-time status for every connected device. Users can monitor connection status, transfer activity, storage information, real-time power readings on supported ports, and the dock’s temperature and fan status at a glance. Keeping this information directly on the dock makes it easier to check device activity and identify unexpected transfer slowdowns without interrupting the workflow. A precision metal dial enables tactile navigation and, within AI Status, lets users approve or reject requests from supported AI coding agents directly from the dock.
Every port a pro needs, in one dock
PexarBolt Dock has a 22-in-1 Pro Port Matrix to handle professional media storage types as well as peripheral devices. Dedicated CFexpress Type B, SD UHS-II, and microSD UHS-II card readers streamline media ingest, while the integrated PCIe Gen 4 x2 M.2 NVMe SSD slot lets users install their own SSD for local backup or storage expansion. Two downstream Thunderbolt 5 ports, together with DisplayPort 2.1 or HDMI 2.1, support multi-display configurations up to dual 8K 60Hz or triple 4K 144Hz. A 10GbE port provides high-speed connectivity to network-attached storage (NAS) systems and compatible networks.
Wait less, do more
Built on Thunderbolt 5, PexarBolt Dock provides up to 80 Gb/s of bidirectional bandwidth, with Bandwidth Boost delivering up to 120 Gb/s of transmit bandwidth for display-intensive workflows. Its thermally controlled cooling system tracks fan speed in real time and channels airflow through a dedicated internal path, keeping performance stable even under sustained heavy use.
A premium, space-saving design
PexarBolt Dock brings its extensive connectivity into a stylish, compact desktop design with an aluminum build that adds stability and helps with heat dissipation. A single Thunderbolt cable connects compatible laptops, desktops, and workstations to displays, storage, networking, and peripherals. The Thunderbolt 5 host port supports up to 140W USB PD 3.1 charging for compatible laptops, while two front USB-C ports share up to 45W for charging phones, tablets, and other accessories.
“We’re in an era where every device on your desk has a screen and a brain — except your dock. We built PexarBolt Ultra TBT5 Dock to close that gap. For the first time, every port, every transfer, every watt is visible, right where you work,” said Wilson Chen, Founder of Pexar.
Recognition
The PexarBolt Ultra TBT5 Dock has been named a 2026 IFA Innovation Awards Honoree in the Content Creation Technology category.
Availability
The PexarBolt Ultra TBT5 Dock launches on Kickstarter on Sept. 8 at an early-bird price of US$479. Following the campaign, the dock will be available at its official retail price of US$649.
Full product information is available on Pexar’s website.
Kickstarter Link: here
About Pexar
Powered by Lexar, Pexar crafts premium products for life-sharing and creative workflows, from digital displays to precision desktop accessories. Our mission is to eliminate everyday friction with thoughtful innovation and masterfully engineered hardware that goes beyond good enough. For more information, please visit pexar.com, or find Pexar on Instagram, Facebook and YouTube
About Lexar
For more than 30 years, Lexar has been trusted as a leading global brand of memory solutions. Its award-winning lineup includes memory cards, USB flash drives, card readers, solid-state drives, and DRAM.
Contact
marketing@pexar.com
Rönesans Named Among the World’s Top 50 International Contractors for the 11th Consecutive Year
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- Engineering News-Record (ENR) has released its 2026 “Top 250 International Contractors” list, one of the construction industry’s most respected global benchmarks.
- Based on revenue generated outside contractors’ home countries, the list places Rönesans among the world’s top 50 international contractors for the 11th consecutive year.
ISTANBUL, Sept. 9, 2026 /PRNewswire/ — Over more than three decades of international operations, Rönesans has completed over 1,000 projects in nearly 40 countries and generated USD 50 billion in international project revenue to date. Working alongside 3,500 Turkish manufacturers and subcontractors, the company also brings Turkish engineering expertise, production capacity, and services to markets around the world.
ENR’s ranking is based on revenue earned outside a company’s home market, so it says more about a company’s ability to win work and compete internationally than it does about overall size. That’s what makes Rönesans’ run here notable, the company has now held a top 50 spot for 11 straight years and continues to hold a strong position among European contractors too.
The achievement carries weight for Rönesans because its story started outside Türkiye. The company built its name by expanding internationally and competing head-to-head with some of the world’s largest firms, then brought that experience home to invest in Türkiye. Rönesans first appeared in the ENR ranking in 2006, in 86th place.
To date, Rönesans has partnered with 3,000 manufacturers and 500 subcontractors based in Türkiye on its international projects. Across its international operations, the company has employed 28,853 Turkish professionals, including 3,500 engineers and architects, and the total workforce involved in these projects has reached 271,888.
Dr. Erman Ilıcak on Eleven Years Among the World’s Top 50 International Contractors
Reflecting on Rönesans’ international journey of more than three decades, Dr. Erman Ilıcak, President Emeritus of Rönesans Holding, said,
“Eleven years is a long time to hold your ground. In that period, the world changed more than once – we lived through a pandemic, wars broke out, an energy crisis hit, and financing conditions shifted under our feet. In every region we operate, from Europe to the Middle East, from the CIS countries to Africa, a new challenge came along almost every year.
“In moments like that, deciding how to respond is key. Our teams adapted to each new situation, found solutions, changed course when they had to, and kept moving. Over the long run, what makes you strong is how you adapt together when the plan changes.
“For 11 years, we’ve stayed among the world’s top 50 international contractors. The world changed in that time, and we changed too. We moved into new countries, built new partnerships, and developed new capabilities. But we stayed consistent with our culture of collaboration and problem-solving.
“There’s so much more depth behind the ranking. An incredibly capable team I’m proud of has been pulling in the same direction across the globe – our engineers and architects, our finance professionals, our business partners. This is a large organization that has grown up together over the years. What Rönesans does well is act with the same mindset across different geographies and under different conditions.
“Our USD 50 billion in international project experience, and 11 straight years on this list, leave us with an even bigger responsibility looking ahead. I want to thank every colleague at Rönesans around the world who takes ownership and helps us meet the new challenges each year brings.”
From Europe’s Tallest Building to the Netherlands’ Longest Highway Tunnel
Since launching international operations in 1993, Rönesans has built a footprint spanning multiple regions worldwide. Its international portfolio includes some of the most complex engineering projects out there, among them the Lakhta Center, Europe’s tallest building, the Gotthard Base Tunnel beneath the Swiss Alps, the Gaasperdammertunnel in the Netherlands, the country’s longest highway tunnel, and a natural gas to gasoline production plant in Turkmenistan.
Türkiye’s Invisible Export Power
The economic impact of Rönesans’ international work reaches well beyond the company’s own project revenues. International contracting pulls in a wide value chain, engineering, architecture, finance, legal services, building materials, logistics, and technology. Through its work with more than 3,500 manufacturers and subcontractors based in Türkiye, Rönesans has procured and exported over USD 2 billion worth of goods and services over the past decade alone.
This work gives Turkish companies a way into new markets, while giving Turkish engineers, architects, and managers real experience on some of the world’s largest projects.
Continued Growth in Europe
Europe remains central to Rönesans’ international growth strategy. In 2009, the company acquired a 10% stake in the Austrian construction group PORR, one of its first major moves into Europe. That was followed by the acquisition of a subsidiary of the Alpine Bau Group in 2013, Germany’s established engineering firm Heitkamp in 2014, and Dutch construction company Ballast Nedam in 2015. After a thorough restructuring under Rönesans, Ballast Nedam returned to profitability within three years.












