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Sequans Reaffirms Commitment to Massive IoT Market

The Recent Qualcomm Transaction Boosts Sequans’ Capacity to Serve Customers and Further Develop its Massive IoT Roadmap


PARIS, FRANCE – Newsfile Corp. – 1 October 2024 – Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, announced today that, following the closing of its transaction with Qualcomm Technologies, Inc. (“Qualcomm”), a subsidiary of Qualcomm Incorporated, it will focus its future investments on addressing the Massive IoT market opportunity with its 4G products and 5G roadmap.

A joint press release issued yesterday with Qualcomm announced the successful closing of the sale of Sequans’ 4G IoT technology assets to Qualcomm. Under the terms of the agreement, Sequans retains a perpetual license to continue using, commercializing, and advancing its 4G IoT technology.

The Company received $182 million in cash, with $172 million received on September 30 and up to an additional $10 million following the completion of a one-year warranty period. The remaining $18 million, of which $15 million was received under the pre-transaction manufacturing license agreement executed in June 2024 and $3 million was received under a bridge loan in September 2024, has been credited toward the $200 million purchase price.

Sequans reaffirms the decision made in June to focus investments on supporting its 4G LTE-M/NB-IoT and Cat 1bis product line, while developing its product roadmap towards low-power 5G variants for Massive IoT, specifically RedCap and eRedCap, to provide Massive IoT customers with a seamless migration path from 4G to 5G IoT technologies.

Georges Karam, CEO of Sequans, commented, “With a strengthened balance sheet, our proven technology, and a comprehensive portfolio that includes low-power LTE-M/NB-IoT, LTE Cat 1bis, and the forthcoming 5G RedCap and eRedCap technologies, Sequans is now stronger and uniquely positioned to lead the market. Backed by a dedicated team of experts in cellular IoT, we are committed to delivering best-in-class products and services.”

Industry Testimonials

Tom Deitrich, CEO of Itron, which uses Sequans Monarch LTE-M/NB-IoT technology for Grid Edge Intelligence infrastructure and endpoints, commented, “This transaction dramatically strengthens Sequans’ ability to deliver cutting-edge technology at scale, which is crucial for Itron. Sequans is a strategic partner, allowing Itron to increase the value we can create for our customers and all stakeholders.”

Derek Luke, COO of Geotab, which uses Sequans Calliope LTE Cat 1bis technology for connected vehicle and asset solutions, commented, “Sequans has always been a technology leader, especially with the first LTE Cat 1bis technology for North America. Sequans is a trusted partner of Geotab, providing us with exceptional support. They are now set to become an industry leader in IoT.”

Cameron Coursey, Vice President – AT&T Connected Solutions, commented, “We are extremely pleased to see this transaction close. Sequans has been at the forefront of Cat 1bis and LTE-M technology, and we are enthusiastic about their upcoming innovations in 5G IoT with RedCap and eRedCap.”

Dan Shey, Vice President at ABI Research, a global technology market research firm, commented, “This transaction redefines the competitive landscape in cellular IoT technology. The 4G intellectual property developed by Sequans is now poised to become a cornerstone of the mass market IoT industry, utilized by both Qualcomm and Sequans.”

The issuer is solely responsible for the content of this announcement.

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.

Sequans investor relations: Kim Rogers (USA), +1 385.831.7337,
Sequans media relations: Linda Bouvet (France), +33 1 70 72 16 00

Forward Looking Statements

This press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including our business following completion of the transaction. These forward-looking statements include, but are not limited to, statements regarding the satisfaction of conditions to the completion of the proposed transaction and the expected completion of the proposed transaction, the timing and benefits thereof, as well as other statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as “anticipate,” “target,” “continue,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “goal,” “believe,” “hope,” “aims,” “continue,” “could,” “project,” “should,” “will” or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.

Forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, the outcome of legal proceedings that may be instituted against Sequans and/or others relating to the transaction; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; significant or unexpected costs, charges or expenses resulting from the proposed transaction; and negative effects of this announcement or the consummation of the proposed transaction on the market price of Sequans’ ADS and ordinary shares. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces. If any one or more of these risks or uncertainties materializes or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans’ filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2023, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.

The 26th Water, Energy, Technology and Environment Exhibition (WETEX) Attracts 68 Local and International Sponsors

DUBAI, UAE – EQS Newswire – 1 October 2024 – Dubai Electricity and Water Authority (DEWA) (www.DEWA.gov.ae) organises the 26th Water, Energy, Technology and Environment Exhibition (WETEX) from 1 to 3 October 2024 at the Dubai World Trade Centre. The exhibition is a standout event in the global sustainability calendar. It is the largest exhibition in the region in energy, water, green development, sustainability, decarbonisation, green mobility, green hydrogen, sustainable cities and related sectors and one of the largest specialised exhibitions worldwide. WETEX 2024 has attracted 68 sponsors and 37 partners and supporters. A total of 2,800 companies from 65 countries are taking part in the exhibition. It includes 21 international pavilions and covers an area of 87,494 square metres.

Dubai Electricity and Water Authority (DEWA)

“Year after year, WETEX has consolidated its position as an ideal global platform for unifying efforts, exchanging expertise and experiences, and benefiting from opportunities to achieve sustainability by relying on innovation, research and the latest technologies. The support of the wise leadership has always given momentum for the exhibition’s continued growth. The partners and sponsors also play an integral role in enriching WETEX and consolidating its success. Their support expands the horizons of the unique experiences it provides to local and international companies from the government and private sectors, as well as exhibitors, investors, experts and specialists in the energy, water, green technologies, renewable and clean energy, green mobility solutions, sustainable development, smart and sustainable cities, advanced technology applications and other vital sectors,” said HE Saeed Mohammed Al Tayer, MD&CEO of DEWA, Founder and Chairman of WETEX.

Principal Sponsors: Abu Dhabi Future Energy Company (Masdar), Dubai Roads and Transport Authority (RTA), Abu Dhabi National Energy Company (TAQA), Emirates National Oil Company (ENOC), ACWA Power, Siemens, Siemens Energy, Jeddah Cables Company, Department of Energy in Abu Dhabi, and Riyadh Cables Group.

Titanium Sponsors: DAMAC Properties, Etihad Water and Electricity, Taqa Water Solutions, and Green Oasis General Contracting Company.

Platinum Sponsors: Hitachi Energy, and AG Power.

Strategic Partners: Emirates Central Cooling Systems Corporation (Empower), Tesar SRL, Gulf Eternit Industries Company, Voltamp Energy SAOG, Larsen&Toubro, HD Hyundai Electric, SAP, Ducab, and DANWAY Electrical & Mechanical Engineering.

Strategic Media Sponsors: Dubai Media, Arabian Radio Network (ARN), and CNBC Arabia.

Gold Sponsors: Emirates Global Aluminium, Dragon Oil, Huawei, Afaq Al Khaleej Engineering Resources, Emirates Transformers & Switchgear Limited, AASA Middle East Contracting CO, Hayat Communications, SocialEyez, Federal Electricals, Itron, Danube Group, Power Plus Cable Co, TAMCO Switchgear, Arar Utility Company, Avanceon, Lucy Middle East, Trillium Flow Technologies, Torishima Service Solutions, PowerChina International Group, Balikesir Elektromekanik Sanayi Tesisleri AS / BEST Transformer, Ray International Electrical Contracting, Maetel Instalaciones y Servicios Industriales, SEL Middle East, Arabian Company, BIDGELY, Gama Security Systems and ABC-Advanced Business Concept.

Media Partners: Solar Quarter and Forbes Middle East.

Leadership roundtable sponsors: Roland Berger Middle East

Freezone Partners: Jebel Ali Free Zone (Jafza) and Expo City Dubai.

https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=download2_file&code_str=63df4d4c687e54519e67c651c23697c3

WETEX 2024 Sponsors-Panel bilingual

Distributed by APO Group on behalf of Dubai Electricity and Water Authority (DEWA).

Download image: https://apo-opa.co/4duzzes

The issuer is solely responsible for the content of this announcement.

QC Copper Announces Strategic Acquisition of Cuprum Corp.

  • QC Copper to acquire Cuprum and its 100% owned Thierry Copper Project in an all-share deal
  • The acquisition strengthens QC Copper’s position as a major Canadian copper developer with two large two, easily accessible multi-billion-pound copper projects
  • Thierry Copper Project, a 7,907-hectare past producer, offers significant growth potential
  • The combined company will rebrand as XXIX Metal Corp., reflecting copper’s atomic number 29

TORONTO, ONTARIO – Newsfile Corp. – 1 October 2024 – QC Copper and Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) (“QC Copper” or the “Company“) is excited to announce a binding share purchase agreement with the principal shareholders of Cuprum Corp. (“Cuprum“) and its concurrent offer to purchase to all of the other shareholders of ‎Cuprum pursuant to which the Company expects to acquire 100% of Cuprum in an all-share deal (the “Acquisition“). This Acquisition will establish QC Copper as one of Canada’s largest copper resource developers, with two multi-billion-pound copper deposits in Quebec and Ontario-Canada’s best mining jurisdictions.

“This acquisition will mark a transformative step in QC Copper’s growth. With the addition of the Thierry Copper Project, we would have two cornerstone assets in Canada’s top mining regions, significantly expanding our resource base and infrastructure. Both Thierry and Opemiska are in mining-friendly areas with access to critical infrastructure such as all-season roads, power, and rail, and both historically sent copper concentrates to the Horne Smelter. These geographic advantages reduce capital expenditure and operational risks while optimizing supply chain efficiency-crucial as the global copper market faces constraints. Securing copper supply is more important than ever, with exploration and development at record lows. Canada’s mining sector is at a critical juncture, facing challenges like regulatory bottlenecks and underinvestment. As we transition to XXIX Metal Corp., we are positioning ourselves to meet growing global demand and help Canada reaffirm its role as a global mining leader,” said Stephen Stewart, CEO of QC Copper.

Strategic Value of Cuprum’s Thierry Copper Project

The Thierry Copper Project ‎(“Thierry“) spans 7,907 hectares and historically produced 5.8 million tonnes grading 1.13% copper, and 0.14% nickel. Both QC Copper’s Opemiska and Cuprum’s Thierry Mine historically shipped its copper concentrates to the Horne Smelter in Rouyn-Noranda. Thierry currently hosts two resource-stage deposits-Thierry Underground, known as K2 and the K1 Open Pit, both with National Instrument 43-101 ‎‎- Standards of Disclosure for Mineral Projects (“NI 43-101“) compliant resources. Thierry has two additional near surface zones-J & G zones-with historical resources (see the disclosure below on Historical Resources‎). Thierry can be easily accessed via all-season road and is proximal to other necessary infrastructure including hydroelectric power, rail and airport.

Thierry Resources

Thierry (Underground) Mineral Resource Estimate at $60/t Cut-Off:

Classification Tonnes Cu (%) Ni (%) Au (g/t) Pt (g/t) Pd (g/t) Ag (g/t)
Measured 3,233,000 1.65 0.19 0.03 0.03 0.09 4.6
Indicated 5,582,000 1.66 0.19 0.05 0.05 0.14 3.8
Measured & Indicated 8,815,000 1.66 0.19 0.05 0.04 0.13 4.0
Inferred 14,922,000 1.64 0.16 0.10 0.07 0.21 6.4

Table 1) 2021 Thierry underground mineral resource estimate.

K1-1 Pit Constrained Inferred Mineral Resource Estimate at $12/t Cut-Off:

$12/tonne cut-off NSR Tonnes Cu (%) Ni (%) Au (g/t) Pt (g/t) Pd (g/t) Ag (g/t)
Inferred 53,614,000 0.38 0.10 0.03 0.05 0.14 1.8

Table 2) 2021 K1-1 open pit inferred resource estimate.

Historical Mineral Resources for J & G Zones (see disclosure regarding Historical Resources):

Classification Tons Cu (%) Ni (%)
Surface to level 1,000 ft 55,000,000 0.40 0.11

Table 3) Historical Resources at J & G zones (UMEX 1974, 1981).

Disclosure Regarding Historical Resources

As at the date of this news release, a ‎qualified person has not completed sufficient work to classify the above historical estimate ‎as current mineral resources or mineral reserves in accordance with NI 43-101 and QC Copper is not treating the historical ‎estimate above as current mineral resources. In order to verify the historical estimate, QC Copper needs to retain a qualified person to review the historical data, review any work ‎completed on the property since the date of the estimate and complete a new technical report.‎ QC Copper views this historical data as a conceptual indication of the potential size and grade of the gold deposits in the area, and this data is relevant to ongoing exploration efforts.

Substantial Increase to QC Copper’s Global Resource Base

The acquisition of Thierry would potentially increase QC Copper’s current copper resource base by 70%. QC Copper ‎reminds its shareholders of Opemiska’s high-grade mineral resource estimate.

Opemiska Deposit Summary of Pit Constrained Mineral Resources, 0.15% CuEq cut-off and Out-of-Pit Mineral Resources, 0.8% CuEq cut-off:

Pit Constrained Tonnes Cu Cu Ag Ag Au Au CuEq CuEq
0.15% CuEq Cut-Off (k) (%) (M lbs) (g/t) (koz) (g/t) (koz) (%) (M lbs)
Measured 52,704 0.77 892 1.65 2,800 0.3 500 0.94 1,091
Indicated 34,629 0.77 586 1.31 1,458 0.24 261 0.9 690
Measured & Indicated 87,333 0.77 1,478 1.52 4,258 0.27 762 0.93 1,780
Inferred 9,791 0.48 104 2.19 689 0.18 55 0.59 128

Table 4) Pit Constrained Resource at Opemiska

Out of Pit Tonnes Cu Cu Ag Ag Au Au CuEq CuEq
0.8% CuEq Cut-Off (k) (%) (M lbs) (g/t) (koz) (g/t) (koz) (%) (M lbs)
Measured 4,064 1.24 111 3.81 498 0.32 42 1.44 129
Indicated 6,067 1.18 157 3.92 764 0.22 42 1.32 176
Measured & Indicated 10,130 1.2 268 3.87 1,261 0.26 83 1.37 305
Inferred 1,162 0.89 23 5.84 218 0.4 15 1.15 29

Table 5) Out of Pit Resource at Opemiska

Total Tonnes Cu Cu Ag Ag Au Au CuEq CuEq
0.15% & 0.8% CuEq Cut-Off (k) (%) (M lbs) (g/t) (koz) (g/t) (koz) (%) (M lbs)
Measured 56,767 0.8 1,003 1.81 3,297 0.3 542 0.97 1,219
Indicated 40,696 0.83 743 1.7 2,222 0.23 303 0.97 866
Measured & Indicated 97,463 0.81 1,746 1.76 5,519 0.27 845 0.97 2,085
Inferred 10,953 0.53 127 2.58 907 0.2 70 0.65 157

Table 6) Total Resource at Opemiska

  1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  2. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
  3. The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could potentially be upgraded to an Indicated Mineral Resource with continued exploration.
  4. The Mineral Resources were estimated in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices Guidelines (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.
  5. Metal prices used were US4.00/lb Cu and US$1,875/oz Au, US$24/oz Ag and 0.76 CDN$/US$ FX. Cu, Au and Ag process recovery and smelter payable were 91%, 72% and 72% respectfully. Open pit mining cost was C$2.50/t, processing C$14/t, G&A C$2.25t. Out of pit mining costs were C$68/t.
  6. Pit slopes were 50 degrees in rock and 30 degrees in overburden.
  7. Historical mined volumes were depleted from the blocks to report the correct tonnages and metal content of the remaining high-grade vein material.
  8. CuEq % = Cu % + (Au g/t x 0.54) + (Ag g/t x0.007.
  9. Out-of-pit Mineral Resources were selected which exhibit continuity and reasonable potential for extraction by the long hole underground mining method. Narrow strings of grade blocks and orphaned blocks were depleted.
  10. Totals may not sum due to rounding.

Unlocking Value Through Collaboration

The acquisition of Cuprum aligns with QC Copper’s broader strategy to acquire high-potential assets in Canada. Opemiska and Thierry are similar brownfield assets in established mining-friendly jurisdictions. Like Opemiska, Thierry has an abundance of historical and recent data that the QC Copper technical team will leverage to identify high-quality drill targets that could expand the currently known resources at Thierry Underground and K1.

Thierry is a past producer with substantial current and historic resources along with a Preliminary Economic Assessment (PEA) on the high-grade underground zone know as K2. Our primary focus for Thierry will be on the K1 Zone, a large, well-modeled surface bulk-tonnage area. It remains open along strike, and recent drilling suggests it is both wider and higher grade at depth.

Thierry offers scale, growth, and, like Opemiska, access to unparalleled infrastructure. This Acquisition enhances the company’s profile, diversifies our portfolio and gives our shareholders a multiple asset strategy.

“This transaction is a natural extension of QC Copper’s vision to become a leader in copper development,” said Stephen Stewart, CEO of QC Copper and a principal shareholder of Cuprum. “Cuprum’s Thierry project adds significant upside to our asset base, positioning us to capitalize on the growing global demand for copper in the renewable energy and electrification sectors.”

For more information on Cuprum, please visit www.cuprum.ca.

Terms of the Acquisition

Pursuant to the terms of the share purchase agreement with the principal shareholders of Cuprum (which collectively own 41.3% of Cuprum) and the offer to purchase that was issued to all of the other shareholders of Cuprum‎, QC Copper will issue 1.1538 common shares of QC Copper (“QC Copper Shares“) for every Cuprum common share, based on QC Copper’s share price of $0.13. QC Copper will issue an aggregate of 82.76 million QC Copper Shares in connection with the Acquisition, securing full ownership of Cuprum’s assets, including the multi-billion-pound Thierry Copper Project.

Consolidated Development Plan

With this Acquisition, QC Copper can build out each asset in stages with key milestones and critical paths outlined. While QC Copper continues to focus on its Opemiska project to move towards a PEA, it will concurrently focus on establishing an updated mineral resource at Thierry based on meticulous data compilation and a large-scale drill program, similar to the initial resource development at Opemiska.

A New Era: Rebranding as XXIX Metal Corp.

Following the completion of the Acquisition and subject to regulatory and TSX Venture Exchange (“TSXV“) approvals, QC Copper intends to change its name to XXIX Metal Corp. (“XXIX“), with a new TSXV ticker symbol XXIX, signaling a new era for the Company. XXIX represents copper’s atomic number, 29, indicating commitment and focus on becoming a dominant player in the copper development space.

With the Acquisition of Cuprum, XXIX will be one of Canada’s largest resource portfolios, and will establish itself as Eastern Canada’s largest copper developer.

Conditions and Approvals

This Acquisition is subject to approval from the TSXV and QC Copper’s disinterested shareholders, with an annual general and special meeting of shareholders expected to be held in December, 2024 (the “Meeting“). Full details of the Acquisition will be included in the management information circular to be ‎mailed to shareholders in connection with the Meeting. Subject to these approvals, closing is expected by the end of December, 2024.

Governance and Shareholder Protections

The Acquisition will be a Non-Arm’s Length Transaction under TSXV policies, and will be treated as a “related ‎party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special ‎Transactions (“MI 61-101“) as certain directors and officers of QC Copper and of a controlling shareholder of Cuprum are also directors, officers and/or shareholders Cuprum. These directors and officers own, directly or indirectly, ‎‎3,400,000 Cuprum Shares and are expect to receive an aggregate of 3,922,920 QC Copper Shares ‎pursuant to the Acquisition.‎

MI 61-101 requires that an issuer obtain approval of a majority of the disinterested shareholders as well ‎as a formal valuation for a transaction that constitutes a related party transaction, absent an exemption ‎from such requirements. Each issuance of QC Copper Shares to a related party will be considered a ‎‎”related party transaction” within the meaning of MI 61-101 but it is expected that each will be exempt ‎from the valuation requirement of MI 61-101 as the QC Copper Shares are not listed on a specified ‎market, and from the minority shareholder approval requirements of MI 61-101 in that the fair market ‎value of the consideration of the QC Copper Shares issued to each related party will not exceed 25% of ‎the Company’s market capitalization.‎

QC Copper’s Board of Directors formed a Special Committee to evaluate the Acquisition, ensuring the ‎transaction serves the best interests of all shareholders. Independent financial advisory firm Evans & ‎Evans, Inc. provided a fairness opinion, confirming that the Acquisition is fair, ‎from a financial point of view, to the shareholders of QC Copper. The Board has unanimously approved the Acquisition and recommends that shareholders ‎vote in favor at the Meeting‎.

Qualified ‎Person‎ Statement

The technical information contained in this news release has been reviewed and approved by Charles ‎Beaudry, P.Geo and géo., Director and Vice President Exploration for QC Copper & Gold, a Qualified ‎Person, as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.” ‎

About Cuprum Corp.

Cuprum owns 100% of the Thierry Copper project which is the largest primary copper project in Pickle Lake, Ontario. Thierry spans 7,907 hectares across 27 mineral leases, 163 contiguous cell claims and 16 boundary claims. The property hosts two past-producing open pits that transitioned to underground mining-producing 5.8Mt @ 1.13% Cu, 0.14% Ni between 1976 – 1982 by UMEX Inc. Historically, copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda, QC. Significant infrastructure is already in place, with the property being accessible via all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail.

About QC Copper & Gold Inc.

QC Copper & Gold Inc. is advancing its flagship Opémiska copper mining complex in Quebec, a former high-grade copper producer. The Company’s most recent resource estimate outlined a substantial 2.1 billion pounds of copper equivalent in measured and indicated resources, solidifying QC Copper’s position as a key player in the Canadian copper sector.

For further information, please contact:

Stephen Stewart, Chief Executive Officer
Phone: 416.644.1567
Email: sstewart@qccopper.com

Forward Looking Statements

This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in relation to: the anticipated benefits of the Acquisition to QC Copper and its shareholders; the timing and anticipated receipt of required regulatory (including TSXV) and shareholder approvals for the Acquisition; the ability of QC Copper to satisfy the other conditions to, and to complete, the Acquisition; and the anticipated timing of the Meeting and the closing of the Acquisition. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects the Company’s current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, but are not limited to: the acceptance of the offer to purchase by the non-principal shareholders of the Cuprum; the current share price of the QC Copper Shares; TSXV acceptance and market acceptance of the Acquisition; the Company’s current and initial understanding and analysis of its projects; the Company’s general and administrative costs remaining constant; market acceptance of the Company’s business model, goals and approach; and the feasibility and reasonableness of conducting exploration on and developing any of the Company’s projects. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that work programs will result in significant or successful ‎exploration and development of the Company’s properties; uncertainty as to ‎the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of ‎future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; the Company may not be able ‎to comply with its ongoing obligations regarding its properties; the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting the Company; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors which may cause actual results to differ materially from forward-looking information can be found in the Company’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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 news release.

The issuer is solely responsible for the content of this announcement.

VinAI introduces breakthrough drunk driving detection technology in Europe


BARCELONA, SPAIN – Media OutReach Newswire – 1 October 2024 – Participating in InCabin Europe 2024, VinAI will introduce DrunkSense, the world’s first system that passively detects drunk driving without a breathalyzer. This is the first time this breakthrough solution, with an accuracy rate of up to 85%, has been introduced in Europe, promising to revolutionize modern traffic safety.

DrunkSense is a safety technology for next-generation smart vehicles, utilizing a multi-sensor approach. By combining facial expression tracking, vehicle control monitoring, and air alcohol sensors, DrunkSense can detect drunk driving with an 85% sensitivity rate, an 8% improvement over the current industry standard.

Thanks to its superior advantages over traditional breathalyzers, such as continuous operation and no human interaction required, DrunkSense can provide timely warnings or interventions, even when the driver’s blood alcohol concentration is below the legal limit.

Visitors can experience DrunkSense technology firsthand at booth #117 at InCabin Europe 2024. Additionally, VinAI experts will deliver an in-depth presentation on the technology at 9:25 AM local time on October 10th at Stage 1 within the event venue.

With the theme “DrunkSense: Integrating Multimodal Sensing and Advanced Analytics for Enhanced Drunk Driving Detection,” VinAI experts will provide a deeper analysis of the technological aspects and applications of DrunkSense.

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DrunkSense – The world’s first system that passively detects drunk driving without a breathalyzer.

Speaking about this breakthrough solution, Mr. Cap Thanh Vuong, Director of Smart Mobility Products at VinAI, shared: “DrunkSense was developed in the context of increasingly stringent regulations against drunk driving globally, especially in Europe and the US. Through DrunkSense, an advanced technology with automatic operation capabilities and superior accuracy, we hope to provide a safety solution for automakers in complying with strict standards, contributing to peace of mind for everyone when participating in traffic.”

In addition to DrunkSense, VinAI will also bring to InCabin 2024 the InteriorSense product suite – an advanced driver and occupant monitoring system. InteriorSense also utilizes artificial intelligence to continuously analyze driver behavior and occupant status, thereby providing timely warnings, enhancing safety and comfort for both drivers and passengers. VinAI is also one of the few participants at the event to have an in-depth technical presentation.

InCabin Europe 2024 is a leading event for in-cabin monitoring technology, taking place from October 8-10th in Barcelona, Spain. Participating in InCabin Europe 2024, VinAI not only brings a suite of smart technology solutions but also affirms its position as one of the top 20 companies globally in the field of artificial intelligence research and application.

Currently, VinAI’s Smart Mobility division is providing smart mobility solutions for the automotive industry. VinAI’s technologies and features have been integrated into various models from VinFast and European automakers, present in over 50,000 vehicles on the road and expected to be featured in 700,000 more vehicles within the next 5 years.

To schedule an extensive discussion about VinAI’s smart mobility solutions, please contact business@vinai.io or visit https://www.vinai.io/incabin2024/

Hashtag: #VinAI

The issuer is solely responsible for the content of this announcement.

About VinAI

Formerly known as VinAI Artificial Intelligence Research Institute, VinAI (part of the Vingroup ecosystem) ranks among the top 20 AI R&D companies globally. With a team of about 200 world-class AI research scientists and engineers, VinAI is favorably positioned to lead in providing efficient and accessible AI solutions to solve real-world problems.

For more information about VinAI, please visit:

Finex Launches Promotion to Support New Trading App


JAKARTA, INDONESIA – Media OutReach Newswire – 1 October 2024 – Finex, an Indonesian broker with over a decade of success, is launching the Get Bigger promotion to celebrate the release of its new mobile application, specially designed to enhance the modern trading experience.

Get Bigger in the Finex app

Finex Trading app

On August 15, 2024, Finex released an upgraded version of the Finex Trading application, an all-in-one solution for mobile trading. Available for Android and iOS, the function-packed app comes with all the features necessary to navigate financial markets on the go.

The Finex Trading app grants clients full access to Finex services, including (but not limited to) depositing and withdrawing, opening and closing trades, analyzing charts, and more.

The app also has a Live Support chat available 24/7 so traders can get instant assistance anytime.

Trade Big – Get Bigger

Finex launches a month-long promotion from October 1 to celebrate the release of the Finex Trading application. The promotion offers 19 rewards and a chance to compete for the main prize of a Honda PCX 160 scooter during a live raffle.

The promotion is available exclusively through the Finex Trading application. According to Agung Wisnuaji, this was a deliberate decision: “We want to attract as many traders as possible to use our newly released application and share this ultimate mobile trading experience,” said Agung Wisnuaji, adding: “We have done extensive research to ensure that our product meets all the basic needs of traders – and more.”

Throughout the promo, traders will unlock digital and physical prizes by accumulating trading volume. One of the rewards is a VIP dinner with the CEO of Finex, Agung Wisnuaji.

As traders collect more rewards, they will earn raffle tickets for the live raffle on November 18, marking the promotion’s Grand Finale.

Disclaimer
Derivative transactions involve high risks and high returns.
Finex does not encourage or induce anyone to trade, nor does it provide trading advice or recommendations. The Promo is exclusively available through the official Finex Trading mobile application. All activities related to participation, including tracking progress, redeeming rewards, and entering the raffle, must be conducted within the Finex app.
Hashtag: #Finex #trading #Forex #raffle #promo



The issuer is solely responsible for the content of this announcement.

About Finex

Finex is a regulated Forex broker based in Jakarta, Indonesia. Finex provides competitive conditions for trading Forex currencies, commodities, and indices. Established in 2012, Finex is supervised by BAPPEBTI (Commodity Futures Trading Supervisory Agency), an Indonesian regulator, which ensures the protection of traders’ funds by the Government of the Republic of Indonesia.

VPBank in cooperation with LOTTE C&F to support customers in “Buy now, pay later”


HANOI, VIETNAM – Media OutReach Newswire – 1 October 2024 On 27th September, Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and LOTTE C&F Vietnam Co., Ltd held a ceremony for signing MOU. This is an important milestone, opening up a new prospect to help both parties optimize theirs resources, promoting sustainable growth; simutaneously bringing flexible, economical and effective consuming finance solutions to LOTTE customers.

Representatives of VPBank & LOTTE C&F signed the MOU
Representatives of VPBank & LOTTE C&F signed the MOU

After signing the MOU, VPBank and LOTTE C&F Vietnam will coordinate with each other to make smart finance products to enhance the customer experience and increase prosperity value for all Lotte’s loyal customers. Specifically, VPBank and LOTTE C&F Vietnam will issue co-branded cards and Buy Now Pay Later products for Lotte customers. With this card line, the customers are entitled to enjoy the purchasing and consuming privilege with addition of the product of “buy now pay later” to enhance their financial capacity.

Moreover, VPBank and LOTTE C&F focus on providing finance solutions specializedly used for technology platform and ecosystem of two corporates. VPBank and LOTTE C&F shall deploy to integrate functions such as account services, virtual credit cards and digital functions basing on digital platform of LOTTE C&F, thus bringing such a modern, clear and convenient payment transaction to the customers.

The event of signing cooperation between VPBank and LOTTE C&F is also a premise so that the two corporates can exploit their strenght at most, thus their upraising competent positions in the market. Accordingly, VPBank shall provide a comprehensive finance solution for fostering sustainable resoures to help enterprises in Lotte Ecosystem in Vietnam fullfill their strategy objectives. LOTTE C&F will connect, assist to promote finance service products of VPBank for Lotte’s susidiaries in Vietnam, thus helping the bank to enlarge its operation network, promoting the scope of market size increasing within FDI customers’ management.

Speaking at the ceremony, Mr. Kamijo Hiroki – Deputy CEO of VPBank affirmed: “As a multi-funtional bank leading in terms of innovative implementation capacity and value creation through comprehensive financial soultions with combined strength of the ecosytem and application of advance technology, VPBank believes that VPBank will bring specialized and outstanding financial products and services to Lotte customers. Signing MOU with LOTTE C&F is one of VPBank strategies to develop FDI customers and to work together for implementing business strategies of the two parties, thus creating synergy and bring more prosperous values to enterprises and customers.

Speaking at the cooperation event, Mr. Shigemitsu Satoshi / Shin Yoo-yeol – CEO of LOTTE Financial Corporation Japan emphasized: “We are developing a deferred payment utility and giving efforts to support subsidiaries of LOTTE Corporation to contribute to Vietnam society. In the future, we would like to build a business ecosystem promoting the cooperation with many sales partners. In order to expand the ecosystem, we are approaching to Vietnam, Japan and Korea Companies besides LOTTE Corporation’s subsidiaries. We would like to provide customers with our services through this ecosystem toghether with VPBank- a bank with high expertise in personal finance and digital financial services. So that, LOTTE C&F believes that this is the suitable partner for us.”

The signing of the MOU with LOTTE C&F belongs to VPBank’s development strategy for the FDI customer segment. In the context that FDI capital flows constantly increase and forecasted to increase sharply in the upcoming time, VPBank has identified that FDI shall be a potential customer group with high growth prospects. As the bank with a leading charter capital in Vietnam and an ecosystem spanning from consumer finance, securities to insurance with a modern technology platform, VPBank is holding many advantages to bring comprehensive and superior financial products to optimally meet the demands of the FDI customer group. One of the typical products designed specifically for VPBank’s FDI customers is Supply Chain Finance, providing financial solutions for the supply chain including distributors and suppliers of key international customers (Anchor Clients). This is VPBank’s outstanding strength with over 10 years of implementation experience based on technical advice and accompany from the international financial organization IFC.

Hashtag: #VPBank

The issuer is solely responsible for the content of this announcement.

New MoneySmart Study Finds 1 in 3 Adults Experience Relationship Breakdowns Due to Money Disagreements

HONG KONG SAR & SINGAPORE – Media OutReach Newswire – 1 October 2024 – A new study released by leading personal finance portal MoneySmart reveals the impact that disagreements about money can have on relationships and how better communication about money can bring couples closer.

New MoneySmart Study Finds 1 in 3 Adults Experience Relationship Breakdowns Due to Money Disagreements

The study, which interviewed 2,000 adults in Hong Kong and Singapore who are currently in a heterosexual relationship, found that almost a third (32%) have had a relationship break down due to disagreements about money.

The most common causes of disagreements were found to be someone in the couple spending too much (43%), differences in saving habits (37%), and not saving enough (32%). Almost one in five (18%) said that they and their partner argue more about money than anything else.

The study also found that many couples are not fully transparent about their finances. While 29% admitted to holding savings accounts that their partner was unaware of, 23% admitted to having debt their partner didn’t know about. This is despite nearly half (49%) saying that they would consider their partner dishonest if they lied about their finances, income or debts, and 35% going as far as to say that they would never forgive their partner for doing so.

Many couples find talking about money challenging

For many couples in Hong Kong and Singapore, being able to talk about money openly was found to be challenging. A third (33%) stated that they find it difficult to discuss finances with their partner, while over a quarter (29%) actively avoided such conversations. Additionally, 34% experience anxiety when discussing money with their partner, highlighting that financial discussions can be a significant source of stress for many couples.

Despite these challenges, the importance of being able to discuss finances freely as a couple is clear. 78% believe that open discussions about money strengthen their relationship, and 56% found that frequent money talks improved their relationship quality.

How to talk about money with your partner

Opening up conversations around money can be challenging. But it is something that can be worked on, according to relationship coach, Iwa Hensarling:

Although sometimes tricky, improving communication around finances is entirely possible. By addressing money matters proactively and collaboratively, couples can strengthen their partnership, minimise stress, and build a more transparent and supportive financial relationship.”

Five tips for talking about money as a couple, from Iwa Hensarling:

1. Start early: Begin discussions about finances early in the relationship, ideally before making any significant commitments or financial decisions together.

2. Create a safe space: Ensure that conversations about money are held in a non-judgmental, open, and honest environment. Acknowledge that it can be a sensitive topic and approach it with care and understanding.

3. Be transparent: Share your financial situation transparently, including incomes, debts, savings, financial obligations, and credit scores. This honesty will help both partners understand the complete financial picture and plan accordingly.

4. Set mutual goals: Discuss and align on your short-term and long-term financial goals. Whether it’s saving for a vacation, buying a home, or planning for retirement, having shared goals can motivate you and strengthen your bond.

5. Plan regular check-ins: Money management should be an ongoing discussion. Set regular check-ins to review your financial status, update your goals, and adjust your plans as necessary.

For more advice on how to manage and talk about money as a couple, information on savings accounts, credit cards, and loans for couples, or to view the full findings of the research, please see below:

Hong Kong (EN): https://www.moneysmart.hk/en/credit-cards/the-cost-of-money-disputes-on-relationships-ms

Hong Kong (ZH): https://www.moneysmart.hk/zh-hk/credit-cards/the-cost-of-money-disputes-on-relationships-ms

Singapore: https://www.moneysmart.sg/credit-cards/the-cost-of-money-disputes-on-relationships-ms

Survey Methodology
Research conducted on behalf of MoneySmart by Savanta among 2,000 Hong Kong and Singaporean adults (aged 18+) currently in a heterosexual relationship. The survey was carried out online between 5 – 17 June 2024. Please see a breakdown of the marital status of participants below:

Marital Status:
● Married: 90.9%
● Dating: 4.3%
● Cohabiting: 4.8%

Hashtag: #MoneySmart

The issuer is solely responsible for the content of this announcement.

About MoneySmart Group

MoneySmart Group is a leading personal finance group in Southeast Asia, encompassing two dynamic brands: MoneySmart and Bubblegum. Bringing together these brands to offer a comprehensive range of financial products, knowledge and advice, MoneySmart Group is dedicated to empowering consumers with clarity, confidence and control over their financial future.

provides a financial marketplace, comparison and content platform for consumers to make informed product choices across various banking, insurance and investment products. We do the hard work of compiling the information and facts to make it easy for you to compare and choose what’s best for you.

Under our brand, we create desirable insurance products and experiences and aim to become the winning digital insurance brand of the future.

For more information, please visit .

AIC’s Break the Silver Ceiling campaign redefines ageing one photo at a time


SINGAPORE – Media OutReach Newswire – 1 October 2024 – The Agency for Integrated Care (AIC) unveiled its “Break the Silver Ceiling: One Photo at a Time” Exhibition today at Our Tampines Hub. Held in conjunction with the International Day of Older Persons, the event will run until 6 October 2024.

The “Break the Silver Ceiling: One Photo at a Time” Exhibition was launched by AIC Chairman Dr Gerard Ee, fourth from left, at Our Tampines Hub on 1 October 2024. He was joined by (from left to right) Ms Mindy Tan, Ms Amiera Raushan, Mr Noel Cheah, Ms Hanan Al-Johary, Mr Jack Neo, Mr Ian Jeevan, and Ms Lim Peifen.
The “Break the Silver Ceiling: One Photo at a Time” Exhibition was launched by AIC Chairman Dr Gerard Ee, fourth from left, at Our Tampines Hub on 1 October 2024. He was joined by (from left to right) Ms Mindy Tan, Ms Amiera Raushan, Mr Noel Cheah, Ms Hanan Al-Johary, Mr Jack Neo, Mr Ian Jeevan, and Ms Lim Peifen.

This exhibition showcases the vitality of today’s seniors through a collection of impactful visuals. From showcasing seniors in sports and fitness to exploring their vibrant lifestyles and learning pursuits, the photographs redefine what it means to age in Singapore.

Launched by AIC Chairman Dr Gerard Ee, the exhibition is part of the “Break the Silver Ceiling” movement which AIC kicked off earlier this year. With the aim of dispelling age-related stereotypes, this movement seeks to redefine what ageing in Singapore is like. It also aligns with the national initiative Age Well SG, which aims to support seniors to age actively, stay socially connected, and be cared for within their communities.

“Break the Silver Ceiling: One Photo at a Time” campaign

AIC collaborated with four local photographers, Mr Aik Beng Chia, Ms Amiera Raushan, Ms Mindy Tan, and Mr Zantz Han, to capture photographs of seniors who challenge traditional perceptions of how ageing or seniors look. The photographs are available on an online photo bank at www.breakthesilverceiling.com/photobank/, and showcased at the “Break the Silver Ceiling: One Photo at a Time” Exhibition.

One of the photographs shows Ms Tan Li Leng, aged 67, pole-dancing with her friend, Ms Sudha Muthukrishnan, aged 69. Taking up the sport a few years ago, Ms Tan is now a pole-dancing instructor as well. This photograph was taken by Mr Han.

Other photographs include 74-year-old Ms Doris Tang, an active volunteer and participant at her neighbourhood’s Active Ageing Centre, who was photographed volunteering in food distribution by Ms Tan, as well as Mr Raymond Wong, aged 68, a self-taught multi-instrumentalist who was photographed playing various musical instruments by Ms Raushan.

A photo contest held from 21 August to 15 September 2024 also called for the public to contribute their own photos of seniors breaking silver ceilings through pursuing their diverse passions under three themes – sports and fitness, lifestyle and leisure, and learning. Close to 200 entries were received. Please refer to Annex A for the winning submissions. Selected photos are also showcased in the exhibition.

One of the winning photographs captured a 67-year-old senior playing a game of table tennis. Poh Yiling, aged 35, who photographed the moment, shared, “I believe one should embrace ageing with a positive mindset by staying engaged, curious, and have a passion for lifelong learning.”

Mr Dinesh Vasu Dash, Chief Executive Officer of AIC, said of the campaign, “Singapore’s demography is shifting and it is time to embrace our later years as a new chapter of life. This campaign is not just about showcasing the remarkable vitality of our seniors; it’s about shifting societal attitudes and fostering a more inclusive and supportive community. By redefining what ageing looks like, we hope to inspire others to see the potential and possibilities in every individual, regardless of their age. Together, let’s break the silver ceiling and make Singapore a city for all ages.”

Activities at the “Break the Silver Ceiling: One Photo at a Time” Exhibition

Besides viewing the photographs in the exhibition, there are two free photography events for seniors on 2 October 2024. They are conducted by SilverStreak, a local online community that connects seniors, in partnership with Sony Singapore. The photo walks will introduce participants to essential camera skills and photography tips, as well as photographing human subjects and places.

From 4 to 6 October 2024, visitors can also get a free sketched portrait of themselves drawn by Singapore Polytechnic students, depicting them in their silver years, at the exhibition.

Find out more about the “Break the Silver Ceiling: One Photo at a Time” Exhibition at www.breakthesilverceiling.com/exhibition/. Follow AIC’s social media pages on Facebook (@aicsingapore), TikTok (@aicsingapore) or Instagram (@aic_singapore) with the campaign hashtag #BreakTheSilverCeiling to get updates on the campaign.

Hashtag: #breakthesilverceiling #AIC #AGEWELL





The issuer is solely responsible for the content of this announcement.

About the Agency for Integrated Care

The Agency for Integrated Care (AIC) aims to create a vibrant care community for people to live well and age gracefully. AIC coordinates and supports efforts in integrating care to achieve the best care outcomes for our clients. We reach out to caregivers and seniors with information on staying active and ageing well and connect people to services they need. We support stakeholders in their efforts to raise the quality of care, and also work with health and social care partners to provide services for the ageing population. Our work in the community brings care services and information closer to those in need. For more about us, please visit .