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Southco Introduces New Squeeze Handle With Multi-point Latching Support


HONG KONG SAR – Media OutReach Newswire – 5 December 2024 – Southco’s new AC-50 Squeeze Handle Actuator features a dual cable pull system, enabling greater freedom in actuator positioning and secure multi-point latching on larger panels. This gives end users an ergonomic operating experience without compromising security.

AC-50 Squeeze Handle Actuator
AC-50 Squeeze Handle Actuator

As panels get larger, they become more difficult to secure. Multi-point latching is an effective solution to this problem, since multiple rotary latches can apply consistent force across the entire panel, preventing warping and leakage. However, it usually comes with complications since the latches need to be attached to an actuator by a single cable pull. This either limits where designers can place their actuator, or adds additional hardware to a design.

Southco’s AC-50 Multi-Point Squeeze Handle solves these issues with integrated symmetrical conduit cable mounting brackets and aluminum die cast levers for high pre-loads which pair with cable barrel fittings that eliminate the need for additional cable clips. Designers can freely mount this actuator on their application and use the two cables supported by it to actuate a multi-point latching system across the entire panel with minimal additional hardware. The actuator mounts to tubular structures or round surfaces, with thru hole surface mounting.

Versatility, ergonomics, and durability make the Southco AC-50 Squeeze Handle Actuator an ideal solution for large panels where security is paramount. For more information about the AC-50 Squeeze Handle Actuator, visit www.southco.com/AC-Actuactors or email the 24/7 customer service department at info@southco.com.

Hashtag: #southco #latchingsolutions #multiple #touchpoint

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

About Southco

Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.

The Story of Centenary Hotel Central Book Launch & Documentary Screening


MACAO SAR – Media OutReach Newswire – 5 December 2024 – On December 4, 2024, the “Celebration of the 25th Anniversary of Macao’s Return to the Motherland: The Story of Centenary Hotel Central Book Launch & Documentary Screening” event, organized by Lek Hang Group and supported by the Macao Government Tourism Office and the Commerce and Investment Promotion Institute, was held at Bona International Cineplex in Macau. Lek Hang Group Chairman, Sio Chong Meng, announced that the book and documentary, “The Story of Centenary Hotel Central”, were born out of the revitalization project of the Hotel Central.

The new book The Story of Centenary Hotel Central tells the history of Avenida de Almeida Ribeiro and Hotel Central over the past century
The new book The Story of Centenary Hotel Central tells the history of Avenida de Almeida Ribeiro and Hotel Central over the past century

The launch ceremony was graced by the presence of Mr. Xu Dong jie, Chief of the Division of the Department of Publicity and Culture of the Liaison Office of the Central People’s Government in the Macao SAR; Mr. Wu Zhi liang, President of the Macau Foundation; Mr. Sio Chong Meng and his wife; Mr. Cheng Wai Tong , Deputy Directors of the Macao Government Tourism Office; Mr. Choi Kin Long, Acting Vice President of the Cultural Affairs Bureau; Mr. Leung Antonio, Director-general of the Economic and Technological Development Bureau Economic Activities Development Department; Ms. Wong Un Han, Director of the Department Administrative Support of the Municipal Affairs Bureau (IAM); Mr. Ma Chi Ngai, President’s representative of Macao Chamber of Commerce; Mr. Jia Tianbing, President of the Macau Association of Banks and President of Bank of China Macau Branch; Mr. Ieng Weng Fat, author of “The Story of Centenary Hotel Central,” and Mr. Wang Libing, director of the documentary. During the ceremony, Sio Chong Meng presented books to representatives of the University of Macau, Macau University of Science and Technology, City University of Macau, Macau University of Tourism, University of Saint Joseph of Macau and Macao Public Library.

Lek Hang Group Chairman Sio Chong Meng donated books to representatives of the Macau Public Library and libraries of several University institutes
Lek Hang Group Chairman Sio Chong Meng donated books to representatives of the Macau Public Library and libraries of several University institutes

In his address, Sio Chong Meng explained that Lek Hang Group’s commitment to revitalizing Hotel Central extends beyond its prime location; it is also a tribute to the hotel’s historical significance. He stressed the value of history, noting that Hotel Central not only records its own story but also mirrors the transformations along Avenida de Almeida Ribeiro for over a century since its establishment in 1918.

Guests of honor officiate the launching ceremony
Guests of honor officiate the launching ceremony

Acknowledging the challenges and risks of the revitalization project, the Group decided to document the entire renovation process, along with the century-long history of Avenida de Almeida Ribeiro and Hotel Central, resulting in the documentary “The Story of Centenary Hotel Central.” This initiative aims to preserve and share the historical narratives of the district with the public.

Sio Chong Meng revealed that the book project originated during the initial planning phase of the revitalization, with the intention of creating a “Historical Cultural Corridor” on the hotel’s ground floor. However, significant gaps in historical materials led the Group to invited Professor leng Weng Fat, a historian from Macau, to conduct research and gather evidence.

Through Professor leng’s in-depth exploration, a wealth of previously unknown historical materials and stories related to Hotel Central was uncovered. To meticulously present the development history of Macau’s historical district, Avenida de Almeida Ribeiro and Hotel Central, he and the book’s author decided to document this history.

The book “The Story of Centenary Hotel Central” spans nearly 300,000 words and features approximately 400 illustrations. It provides insights into the development of Macau’s tourism and gaming industries through the lens of Hotel Central, narrating the early 20th-century efforts to build a tourism and entertainment city. The book also explores Macau’s journey through challenges, starting from a century ago, to guide readers through social changes and the lives of its people over the past hundred years.

Accompanying the book’s launch, the documentary “The Story of Centenary Hotel Central” vividly recounts the hotel’s historical value and revitalization process through rich archival footage and beautiful reenactments, featuring key officials and respected figures from the Macau SAR government. It highlights the dedication of those working to preserve Macau’s historical district.

The book “The Story of Centenary Hotel Central” is now available at various bookstores in Macau, including Livraria Uma, Seng Kwong Bookstore, Pin-to Livros, Wan Tat Bookstore and Plaza Cultural Macau. Additionally, the documentary is also available for free viewing in Hotel Central’s guest rooms, with future screenings planned in mainland China and Hong Kong-Macau.
Hashtag: #Macao #Hotel #HotelCentral #LekHangGroup #Travel #Heritage

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

About Lek Hang Group

Established in 1991, Lek Hang Group has become a pillar of Macau’s business landscape, adhering to a philosophy of “Diligence and Focus, Grounded in action” and growing alongside the region. Over three decades, the group has diversified into real estate, construction, hotel management, dining, mall operations, and advertising planning, all while actively engaging in corporate social responsibilities. These efforts include revitalizing old districts and contributing to the community, reflecting the group’s commitment to long-term strategic planning and the stable development of its businesses.

Gold’s road to $3,000: expert analysis by global broker Octa


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 December 2024 – Gold has been valued for its stability when the financial fires are raging. That stable nature was underscored in 2024 when its price shot upward, gaining over $700 per ounce. This amounted to a 34% increase since January. The vibrant price increase has gotten traders and investors all jazzed up again about gold, with the most pressing question among them being: could gold exceed the $3,000 price point by 2025? Kar Yong Ang, a financial market analyst at Octa broker, delves into the topic.

Octa

Inflation, interest rates, and geopolitics
Inflation and interest rates influence gold prices. When inflation soars, investors tend to buy gold to protect their purchasing power. They view it as a much safer investment than stocks or bonds because stocks are prone to sudden price drops, and bonds can lose value when interest rates rise due to high inflation. Historically, though, when real interest rates (which are inflation-adjusted) have declined, gold has just soared. As some would say, ‘There is no better buy’.

By 2024, the percentage of overall reserves held in gold by central banks had reached 10%, a significant climb from the 3% level recorded just 10 years earlier. Although we are still in an era where most reserve currencies are fiat (for example, paper with little intrinsic value), an increasing number of central banks seem to believe that holding gold adds an element of prudence to their reserve diversification strategy. Emerging economies, especially in Asia, are seeing their central banks take on an increasingly important role in the gold market. China (which now holds 5% of its reserves in gold), along with India, has emerged as one of the preeminent buyers of gold.

Moreover, the central banks of the emerging economies have, since 2022, stepped up their pace of gold buying. The catalyst for this last development was the unprecedented freezing of Russian assets, which prompted multiple nations to reconsider the makeup of their reserves.

Octa

Furthermore, the global shift towards a more sustainable economy, including investment in renewable energy and green technologies, is driving limited demand for certain commodities, such as precious metals that include gold. Gold plays an important role in clean energy technologies, including solar panels and electronics for energy-efficient systems. This increased demand for technological gold is exacerbated by growing concerns about the lack of resources necessary for the green transition.

Moreover, geopolitical tensions and economic uncertainty further underscore the attractiveness of gold as a safe asset, attracting investors seeking relief amid rapid changes in global markets. The Ukraine conflict, strained US-China relations, and unrest in the Middle East have sent investors scurrying to safe-haven assets. And when it comes to safe havens, gold is a time-tested destination. Its record of price stability in an unstable world at present stands in stark contrast to the behaviour of the stock market and other assets. An instance of this is China’s recent accumulation of gold, which now makes up 5% of its foreign exchange reserves. This is yet another sign of a shift towards resilience in a global economy fraught with uncertainty.

Technical analysis: key levels to watch
According to the technical analysis, the asset’s price is still in the uptrend, even on a high timeframe. The long-term bullish trend also hasn’t changed for a bearish one. The $3,000 target, which aligns with the 4.236 Fibonacci extension level, is pretty real. However, this level may be too ambitious for the moment of publication.

Octa

Prospects for 2025 – factors shaping gold’s future
According to the Chief Economists’ Survey from the World Economic Forum, economists are uncertain about global economic stability. 54% of respondents forecast a steady outlook and 37% project further deterioration. Future fiscal policies targeting climate adaptation, a shifting demographic landscape, and ramped-up defence spending are set to push inflation upwards. All these look to gold as an inflation hedge​; however, it’s not just private investors: central banks are in on the gold thing, too. They are expected to keep topping up their gold reserves and, in the face of all these other demands, are likely to maintain long-term demand.

So will gold hit the $3,000-per-ounce price in 2025? The scenario seems very possible. However, for the asset’s price to reach a rather ambitious target, favourable market conditions are required. They include both macroeconomic and geopolitical factors. For example, the re-election of Donald Trump introduces additional variables into the equation. Trump’s geopolitical stance, particularly regarding global trade and conflict resolution, could influence investor sentiment and safe-haven demand. If his promises regarding the resolution of numerous conflicts are fulfilled, investors may partially abandon safe-haven assets for the riskier ones.
Hashtag: #Octa

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

Octa

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.

Key risk trends for Directors and Officers in 2025: insolvencies, geopolitical tension and “AI washing”: Allianz

  • Increasing global insolvency levels heighten risks for executives.
  • The febrile geopolitical landscape poses liability challenges for global corporations caught up in world events.
  • “AI washing” is an emerging risk trend, leading to securities class action lawsuits.
  • D&O market remains competitive but a step up in scrutiny of corporate conduct around the globe means loss potential is still high.


SINGAPORE – Media OutReach Newswire – 5 December 2024 – Directors and Officers (D&Os) have been operating in a highly complex environment throughout 2024, and further volatility can be expected during 2025. Executives face multiple exposures in an increasingly interconnected business world, confronted with risks arising from business insolvencies, geopolitical upheaval, climate change, digital transformation, economic uncertainty, shifts in public opinion, and an evolving legal landscape. These are the latest key risk trends in the D&O insurance space, as identified by Allianz Commercial’s annual Directors and Officers Insurance Insights report.

“The D&O insurance market has remained competitive for buyers over the past year, but loss potential is still high,” says Vanessa Maxwell, Chief Underwriting Officer, Allianz Commercial. “The global rise in business insolvencies is a particular focus of concern, with companies and leaders exposed to potential claims from lenders seeking to recover funds, or from shareholders who allege breach of fiduciary duty. At the same time, the litigation landscape and enforcement are increasingly stringent, and we are seeing regulatory bodies across the globe step up scrutiny of corporate conduct, making D&Os more vulnerable to investigations, penalties and lawsuits.”

Insolvencies as an emerging D&O risk
Global business insolvencies for 2024 are expected to rise by +11%, and countries accounting for more than half of global GDP will be hit by double-digit insolvency increases in 2024, according to Allianz Trade. Major insolvencies already increased by +26% year-on-year for the first three quarters of 2024 (344 cases). Western Europe leads the global count with 195 cases, a reflection of the region’s current economic instability, followed by Asia-Pacific (67 cases) and North America (66 cases). Rising bankruptcies typically lead to an increase in D&O claims, so this trend is a reminder to business leaders of the need to respond and adapt to the challenging environment.

“Many companies have faced higher interest expenses, inflationary pressures, and macro- and microeconomic headwinds that have impacted their business and resulted in a struggle to service their debt load,” says Dan Holloway, Head of Global Management Liability Commercial at Allianz Commercial. “Some sectors are particularly exposed, including real estate, construction, hospitality, tourism, and businesses in ‘consumer discretionary’, or non-essential purchases.”

Turbulent geopolitical environment and stringent litigation landscape
With war in Ukraine and the Middle East, the geopolitical landscape presents liability challenges to businesses as they find themselves caught up in world events with potentially significant consequences for their operations. Upheaval can lead to supply chain disruption, business interruption, and legal and regulatory scrutiny. Companies can face scrutiny for non-compliance with international sanctions, or for failing to adequately manage risks related to politically unstable regions. D&Os can be held accountable for misjudging the impact of geopolitical developments on their company’s operations, leading to shareholder lawsuits or regulatory penalties. At the same time, the litigation landscape and enforcement are increasingly stringent, with securities class actions proliferating not only in the US, but also in Europe (+10% year-on-year) and Australia (+43%).

“D&Os need to update their knowledge around geopolitical and regulatory changes more regularly than ever before,” says Jarrod Schlesinger, Global Head of Financial Lines and Cyber at Allianz Commercial. “A once-a-year review is no longer sufficient in the volatile era businesses are now operating in. These trends are driving the need for D&O policies that are responsive to multi-jurisdictional risks and can provide local coverage for legal defense costs, settlements and other liabilities.”

“AI washing” – the new “greenwashing”?
The transformative potential of artificial intelligence (AI) is huge, but it also means companies must adapt quickly to potential exposures around disclosure, regulation, shareholder scrutiny and litigation. AI-related litigation is increasing and exaggerated claims about firms’ technological capabilities – a trend known as “AI washing” – could lead to securities class action lawsuits and enforcement actions. Class action lawsuits have already been filed in the US, but the risk extends beyond North America, as any company that has its stock listed on a US exchange is subject to US securities law.

Third-party litigation funding a growing exposure
The global litigation funding industry is projected to grow rapidly in the coming years –by almost 10% CAGR up to 2028 – widening access to justice, but also potentially driving up the number of class actions and settlement costs and damages, as also highlighted in Allianz Commercial’s Five Liability Loss Trends To Watch report. And it is not only confined to the US – third-party litigation funding is also established in the UK, Netherlands, Germany, and Australia.

“D&Os will face increasing scrutiny from third parties ready to jump on cases and fund them. Claims are likely to become more complex because of funders’ aggressive litigation strategies and the experts they can afford to hire,” says Schlesinger. “Plaintiffs with little to lose financially could be tempted to make baseless claims. Even if the case doesn’t have legs, directors still have to defend it.”

Challenges persist in Asia D&O market
The price-driven Asia D&O market has experienced a drop in overall premium rates during 2024, due to factors including high competition from an abundance of capacity globally, and challenging economic environments resulting in some clients reducing limits purchased to save costs.

“We foresee the overall market size for D&O in 2025 will continue to retract, driven by rate erosion, smaller limits being purchased by customers, and very limited new opportunities given slow capital market activities. Despite this, D&O insurance remains crucial for companies due to the multiple exposures executives face, and as loss potential increases with higher severity for claims being resolved,” says Danielle An, Regional Practice Leader, Management Liability Commercial, Asia, at Allianz Commercial.

Hashtag: #Allianz


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

About Allianz Commercial

Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world’s largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, , and network of the world’s #1 insurance brand, , we work together to help our customers prepare for what’s ahead: They trust us to provide a wide range of traditional and risk transfer solutions, outstanding and services, as well as seamless handling. The trade name Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2023, the integrated business of Allianz Commercial generated more than €18 billion gross premium globally.

Chinese Tycoon Ren Li Honored As Responsible Business Leader At Asia Corporate Excellence & Sustainability (ACES) Awards 2024

Letright Corporation Founder recognized for his commitment to sustainable practices, ethical integrity, and impactful leadership.


BANGKOK, THAILAND – Media OutReach Newswire – 5 December 2024 – Ren Li, the visionary founder of Letright Corporation, was awarded the Responsible Business Leader title at the prestigious ACES Awards 2024. His recognition highlights his pioneering efforts in integrating sustainability into business operations and his unwavering commitment to ethical governance and community welfare.

Ren Li, Founder of Letright Corporation (centre), was honoured as the Responsible Business Leader at the prestigious ACES Awards 2024 held recently in Bangkok, Thailand. The award was presented on stage by Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Hemant Batra, Honorary Chairman of the ACES Council (right)
Ren Li, Founder of Letright Corporation (centre), was honoured as the Responsible Business Leader at the prestigious ACES Awards 2024 held recently in Bangkok, Thailand. The award was presented on stage by Dr. Shanggari Balakrishnan, President of the ACES Awards (left), and Hemant Batra, Honorary Chairman of the ACES Council (right)

The award ceremony, held on November 14, celebrated leaders who exemplify sustainable practices and ethical integrity. Ren Li’s journey began in 1999 when he founded Letright Corporation, tapping into China’s burgeoning furniture market. His commitment to sustainability was evident as early as 2001 when he ceased the production of wooden patio umbrellas, driven by a sense of responsibility and love for the planet, rather than external pressures. Letright embraced these values even before the Paris Agreement in 2015.

Under Ren Li’s leadership, Letright has consistently pushed the boundaries of innovation. In 2001, Letright revolutionized the industry by mass-producing solar lights, laying a strong foundation in photovoltaic technology. By 2007, the introduction of Polywood, a wood-effect material, further reduced wood usage, balancing sustainability with business success. In 2016, Letright adopted eco-friendly technology to create wood-effect finishes on non-wood outdoor furniture, satisfying consumer demand while expanding market share.

In his acceptance speech, Ren Li expressed gratitude to his team at Letright Industrial Corp., Ltd., and his family, especially his daughter, for their unwavering support. He also acknowledged the ACES platform for fostering a community of leaders dedicated to sustainable development.

Ren Li highlighted Letright’s innovations, such as the Solaryard Smart Pergola launched in 2023, which is pivotal in enriching outdoor living while contributing substantially to sustainable development. This groundbreaking product addresses outdoor challenges and transforms spaces into vibrant, energy-efficient environments. He noted that the market for smart pergolas is projected to exceed 100 million units over the next decade, potentially generating 200 billion kilowatt-hours of electricity and significantly reducing global carbon emissions.

He concluded by reaffirming his belief that businesses have a responsibility to drive economic progress while protecting the planet and communities. He urged entrepreneurs to embrace sustainability as a necessity for creating a future where people and nature thrive together. “Thank you all for your support and belief that business can and should be a force for good. Let us continue to lead with purpose, inspire others, and create brighter, sustainable solutions for the challenges that lie ahead. Together, we can reshape the future of global business and the environment,” Ren Li stated.
Hashtag: #LetrightCorporation #ACESAwards2024 #ResponsibleBusinessLeader #Sustainability

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

About Letright Corporation

Founded in 1999 by Ren Li, Letright is a fully integrated outdoor furniture company offering comprehensive solutions in design, R&D, manufacturing, and sales. The company holds over 1,000 product patents and has received numerous international design awards, including IF and Red Dot. With a presence in over 70 countries, Letright has established strategic partnerships with major retailers worldwide, known for its exceptional product design and market insights.

Committed to becoming a global leader in outdoor living through innovation and sustainability, Letright has embraced eco-friendly materials and technologies, moving away from solid wood to sustainable alternatives. In 2023, Letright launched the Solaryard Smart Pergola, a revolutionary product enabling year-round outdoor enjoyment with negative carbon emissions. This dedication to excellence and environmental stewardship is encapsulated in its mission: “Better outdoor living, happier human beings.”

First Phosphate Announces Positive Results of Preliminary Economic Assessment at its Begin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, Canada


Saguenay, Quebec – Newsfile Corp. – December 4, 2024 – First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce the positive results of its Preliminary Economic Assessment (“PEA“) on the Bégin-Lamarche Property (the “Property” or the “Project“) located 75 km northwest of Saguenay, Quebec, Canada.

The PEA provides a potentially viable case for developing the Property by open pit mining for the primary production of phosphate concentrate and secondary bi-product recovery of magnetite concentrate.

Highlights (all dollar amounts in Canadian dollars on a 100% project ownership basis unless otherwise indicated):

  • The Project would produce an annual average of 900,000 tonnes of beneficiated phosphate concentrate at 40% P2O5 content and 380,000 tonnes of magnetite at 92% Fe2O3 content over a 23-year mine life.
  • The Project generates a pre-tax internal rate or return (IRR) of 37.1% and a pre-tax net present value (NPV) of $2.100 Billion at an 8% discount rate at an approximate 3-year trailing average phosphate price plus a premium for purity and potential secure source of supply, and a 2-year trailing average magnetite price plus a premium for purity.
  • The Project generates an after-tax internal rate or return (IRR) of 33.0% and an after-tax net present value (NPV) of $1.590 Billion at an 8% discount rate.
  • The Project would generate an after-tax cash flow of $700 Million in years 1 to 3, resulting in a 2.9-year payback period from start of production. Pre-tax cash flow in years 1 to 3 is $783 Million for a 2.6-year payback period.
  • The Project benefits from adjacent paved provincial road access and nearby electrical power line, and year-round accessible deep-sea Port of Saguenay at approximately 85 km driving distance. Initial capex for the Project is limited to $675 million.
  • The PEA used Indicated and Inferred Mineral Resources in its calculations.
  • The Project has no outstanding royalties or financing streams registered against it.

“We are pleased with the results and timely completion of this PEA. Existing local infrastructure keeps our capex low, our mine size controlled and our mine economics robust,” says First Phosphate CEO, John Passalacqua. “Our internal Pre-Feasibility work is also near completion and we are now in a position to determine the timing on our Feasibility Study.”

PEA BASE CASE FINANCIAL SUMMARY (all dollar amounts in $Canadian unless otherwise noted, presented on a 100% ownership basis):

Pre-Tax Net Present Value (8% discount rate) $2.100 Billion
After-Tax Net Present Value (8% discount rate) $1.590 Billion
Pre-Tax Internal Rate of Return 37.1%
After-Tax Internal Rate of return 33.0%
After-Tax Payback 2.9 Years
Pre-production Capital $675 Million
Sustaining Capital $317 Million
Mine Life 23 Years
Process Plant Throughput 18,000 tpd
Concentrate Prices
Phosphate (40% P2O5) $350/t USD
Magnetite (92% Fe2O3) $168/t USD
Exchange Rate $CAD:$USD $1.37 (0.73)

PEA TECHNICAL SUMMARY

Mine Life 23 years
Mine Plan Tonnage 150.5 Million tonnes
Process Plant Feed Grade
P2O5 5.76%
Fe2O3 10.32%
Strip Ratio (Waste:Process Plant Feed) 1.5:1
Operating Cost (per tonne of process plant feed) $28.31

Pit-Constrained Mineral Resource Estimate at 2.5% P2O5 Cut-off (1-4)
Classification Zone Tonnes
(M)
P2O5
(%)
P2O5
(kt)
Fe2O3
(%)
Fe2O3
(Mt)
TiO2
(%)
TiO2
(kt)
Indicated Mountain 9.3 8.19 758 9.95 0.9 3.23 299
Northern 32.2 6.00 1,934 10.91 3.5 3.33 1,073
Total 41.5 6.49 2,692 10.69 4.4 3.31 1,372
Inferred Mountain 6.8 8.57 584 10.34 0.7 3.68 251
Northern 44.3 6.98 3,090 11.14 50 3.26 1,442
Southern 162.9 5.63 9,177 10.85 17.6 3.73 6,080
Total 214.0 6.01 12,851 10.89 23.3 3.63 7,773

Note: P2O5 = phosphorus pentoxide, Fe2O3 = iron oxide/ferric oxide, TiO2 = titanium dioxide.
1. Mineral Resources, which 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 be upgraded to an Indicated Mineral Resource with continued exploration.
4. The Mineral Resources were estimated using 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.



BÉGIN-LAMARCHE PHOSPHATE DEPOSIT

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8917/232312_d0716826f4fb49ef_001full.jpg

The mine plan uses conventional truck/shovel open pit methods utilizing 90-tonne capacity haulage trucks and shovels equipped with 10 cubic metre buckets. The open pit will be mined over a period of 22 production years and six months of pre-stripping. Low-grade mineralization that is stockpiled over the life-of-mine will be processed for an additional production year. Mineralized material will be transported by haulage trucks to the nearby process plant, and waste rock will be stored at a facility located approximately 800 metres southeast of the open pit. Backfilling of the mined-out open pit with 61 Mt of waste rock is planned, which will reduce the amount required to be stored on surface and lead to proactive restorative measures. Mining is to be conducted at an initial rate of 15 Million total tonnes per annum (Mtpa), and will reach a peak of 28 Mtpa based on process plant feed and waste rock removal requirements.

The process plant feed is contained within an optimized subset of the Mineral Resource set out in the table above. The open pit contains 150.5 Mt of process plant feed (inclusive of mining dilution and loss factors) averaging 5.76% P2O5 and 10.32% Fe2O3. The process plant feed is associated with 219 Mt of waste rock and overburden resulting in an overall life-of-mine strip ratio of 1.5:1. It is notable that all Mineral Resources considered for mining are in the Indicated and Inferred classifications.

Extensive metallurgical testing was carried out at SGS, Quebec City. The test work has indicated process recoveries of phosphate and magnetite to be reasonably high and relatively consistent. The most recent tests focused on circuit stability and maximizing concentrate recovery. Elements of potential concern in traditional phosphate operations based on sedimentary phosphate deposits used for fertilizers are not an issue since the Bégin-Lamarche Mineral Resource is based on a clean igneous rock deposit. Moreover, the low sulphur content suggests the tailings material would not create an environmental risk for acid generation or for metal leaching. Lastly, dry stack tailings and waste rock management are designed for closure and the elimination of concerns for acid drainage or metal leaching.

Initial Capital Costs ($Canadian Millions)

Pre-Stripping 6
Process Plant Equipment and Building 262
Mining Equipment (leased) 23
Tailings Management Facility 29
Indirects, EPCM and Owner’s Costs 154
Site Infrastructure 89
Contingency 112
Total Initial Capital 675

LOM Sustaining Capital Costs ($Canadian Millions)

Mining 100
Process Plant 63
Tailings Management Facility 39
Site Infrastructure 45
EPCM 4
Reclamation 16
Contingency 50
Total Sustaining Capital 317

LOM Operating Costs ($Canadian per tonne)

Mining Cost per Tonne Mined Material (waste and mineralized material 2.73
Mining Cost per Tonne Process Plant Feed 6.71
Processing Cost per Tonne Feed 12.56
G & A per Tonne Process Plant Feed 1.28
Tailings and Water Management 3.45
Concentrate Handling and Transport 4.31
Total Cost per Tonne Process Plant Feed 28.31

The Project site is within the ancestral lands of the Pekuakamiulnuatsh Takuhikan First Nation, which confers certain rights to indigenous peoples in the area. First Phosphate recognizes the traditional rights of Indigenous people and acknowledges the exercising of treaty rights to preserve their cultural identity and customs. A formal collaboration agreement with Pekuakamiulnuatsh Takuhikan First Nation was signed on April 9, 2024 which includes the ability for the First Nation to become involved financially in the mining activity and other related downstream facilities to be developed by First Phosphate.

Qualified Persons

The scientific and technical disclosure for First Phosphate included in this News Release have been reviewed and approved by Gilles Laverdière, P.Geo. VP Exploration for First Phosphate and Mr. Eugene Puritch, P.Eng., FEC, CET, President of P&E Mining Consultants Inc. Messrs. Laverdière and Puritch are Qualified Persons under National Instrument 43-101 Standards of Disclosure of Mineral Projects. Mr. Puritch is independent of First Phosphate.

About First Phosphate Corp.
First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company fully dedicated to extracting and purifying phosphate for the production of cathode active material for the Lithium Iron Phosphate (“LFP”) battery industry. First Phosphate is committed to producing at high purity level, in a responsible manner and with low anticipated carbon footprint. First Phosphate plans to vertically integrate from mine source directly into the supply chains of major North American LFP battery producers that require battery grade LFP cathode active material emanating from a consistent and secure supply source. First Phosphate is owner and developer of the Bégin-Lamarche Property in Saguenay-Lac-St-Jean, Quebec, Canada that consists of rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of harmful concentrations of deleterious elements.

About P&E Mining Consultants Inc.
P&E was established in 2004 and provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E is affiliated with major Toronto based consulting firms for the purposes of joint venturing on Feasibility Studies. P&E’s experience covers over 450 NI 43-101 Technical Reports including First Phosphate’s Bégin-Lamarche NI 43-101 Mineral Resource Estimate which was completed in October 2024.

For additional information, please contact:
Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:
Twitter: https://twitter.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate/

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Forward-Looking Information and Cautionary Statements
This news release contains certain statements and information that may be considered “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward-looking statements, including, among other things,: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; the Company’s plans for vertical integration into North American supply chains; the calculation of mineral resources at the project and the possibility of eventual economic extraction of minerals from the Project; the projected yearly production profile from operations; life of mine sustaining costs; process plant throughput and average grades; the projected economics of the Project, including total sales, premiums, margins, taxes, average annual production; the net present value of the Project; the internal rate of return on the Project; Project payback period, average yearly free cash flow, life of mine unit costs, projected mine life, the total initial capital and sustaining capital costs; and the project design, including the location of the tailings management facility, process plant, infrastructure area, stockpile areas, remediation plans and the proposed mine and transportation plans.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company’s public disclosure record including the short form base prospectus dated June 5, 2024, as well as: there being no significant disruptions affecting the activities of the Company or inability to access required Project inputs; permitting and development of the Project being consistent with the Company’s expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Project inputs being approximately consistent with anticipated levels; and the Company’s relationship with Pekuakamiulnuatsh Takuhikan First Nation and other Indigenous parties remaining consistent with the Company’s expectations.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Management Discussion and Analysis dated October 23, 2024 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Certain forward-looking statements in this press release may also constitute a “financial outlook” within the meaning of applicable securities laws. A financial outlook involves statements about the Company’s prospective financial performance, financial position or cash flows and is based on and subject to the assumptions about future economic conditions and courses of action and the risk factors in relation to such financial outlook noted in this press release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this press release is provided for the purpose of helping readers understand the Company’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above, or any other factors may cause actual results to differ materially from any financial outlook. The actual results of the Company’s operations will likely vary from the amounts set forth in any financial outlook and such variances may be material.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR THE UNITED STATES

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

Commerce Dot Com Celebrates Landmark Feat with Triple Gold Victory at MPRA 2024


KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 4 December 2024 – Commerce Dot Com Sdn. Bhd. (CDC) achieved an extraordinary milestone at the Malaysia Public Relations Awards (MPRA) 2024, taking home an unprecedented three gold awards for its outstanding campaigns. This landmark victory underscores CDC’s leadership in corporate communications and its unwavering commitment to excellence, ethics, and innovation. These accolades highlight CDC’s dedication to crafting narratives that champion ethics, innovation, and inclusivity in corporate communications.

CDC secured the Gold Award in the Public Affairs category for its Strong Ethics Nurture Integrity (SENI) campaign, which aimed to address procurement challenges and promote ethical practices.
CDC secured the Gold Award in the Public Affairs category for its Strong Ethics Nurture Integrity (SENI) campaign, which aimed to address procurement challenges and promote ethical practices.

The three awards were presented for the following submissions:

1. Best Use of Content – Gold Award
This campaign showcased CDC’s 25-year journey through a collaboration with neurodivergent artist Danial Khushairi. His artwork brought CDC’s transformation from pioneering Malaysia’s ePerolehan system to being a technological leader to life. By leveraging Danial’s art across branded merchandise, a microsite, and social media platforms, the campaign embodied CDC’s commitment to inclusivity and sustainability while capturing the essence of its growth and achievements.

2. Employee Communications- Gold Award
CDC breaks the stereotype of IT workers by instilling values that foster camaraderie, health, and a spur of adventure. Through their company values, CDC has nurtured an active workforce, engaging in events like ‘CDC Strides and an expedition to Kilimanjaro. Employees connected beyond the office, supporting communities, and living out values di collaboration and integrity. These efforts have not only strengthened CDC’s culture but also enhanced its brand visibility, making its 25th-anniversary celebration a milestone of unity, health, and appreciation for the outdoors.

3. Public Affairs – Gold Award
Aimed at addressing procurement challenges and promoting ethical practices, CDC’s Strong Ethics Nurture Integrity campaign featured the National Procurement Conference (NPC) 2024. Organized in collaboration with MICG and supported by MACC, the event brought together over 400 procurement professionals to discuss integrity and governance. Internally, CDC reinforced its message through sustained communication efforts, ensuring both staff and external stakeholders embraced the campaign’s core values.

These recognitions follow CDC’s long-standing commitment to championing ethical practices, aligning with its vision of fostering transparency and accountability across the procurement landscape.

“Our success at MPRA 2024 reflects the incredible dedication and creativity of our CCM team,” said Hafidz Bin Ahmad Zehnun, Vice President of Corporate Planning & CCM. “To win three golds in one night is an extraordinary achievement and reflects CDC’s commitment to excellence and integrity at every level. This recognition inspires us to continue raising the bar as we lead with purpose and innovation.”

As CDC celebrates its 25th anniversary, these accolades reaffirm the company’s enduring mission to lead with integrity and innovation, setting new benchmarks for excellence in corporate communications and public affairs.

Hashtag: #business #corporate #cdc #integrity #transparency #campaign #commercedotcom #cdc #publicaffairs #employeecommunications




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

About Commerce Dot Com Sdn Bhd

Established in 1999 as a procurement solutions provider, Commerce Dot Com Sdn. Bhd. (CDC) is a government-linked company under the Ministry of Finance whereby the ministry’s corporate arm, Ministry of Finance (Incorporated), holds a golden share in the company. With over 20 years of experience under its belt, CDC has established itself as among the leading procurement solutions providers in Malaysia and has a well-earned reputation for providing exceptional services through its innovative solutions.

The Top Workplaces in Saudi Arabia for 2024 Announced


RIYADH, SAUDI ARABIA – Media OutReach Newswire – 4 December 2024 – The prestigious Best Places to Work certification program has revealed its 2024 rankings, recognizing leading organizations in Saudi Arabia that excel in creating outstanding workplaces focused on employee satisfaction, engagement, and well-being. The rankings are divided into three categories based on company size: large, mid-sized, and small.

In the Large Companies category (over 1,000 employees), Roshn secured the top position for its commitment to fostering an inclusive and engaging work culture. It was followed by the Royal Commission for AlUla, dedicated to preserving Saudi Arabia’s cultural heritage, and International Maritime Industries, a leader in the maritime sector. Other companies in the top 10 include Panda, Saudi Air Navigation Services, Extra, Jana MS, Bindawood, Gasco, and Saudia Technic.

In the Mid-Sized Companies category (101–1,000 employees), First Milling Company led the rankings, recognized for its role in Saudi Arabia’s food sector. Pfizer Saudi, a leading biopharmaceutical company, and Matarat Holding, focused on aviation and airport operations, took second and third places, respectively. Xerox Saudi and Al Rugaib Holding rounded out the top five, with additional companies like the Islamic Development Bank, Bidaya Finance, and Saudia Cargo included in the top 18.

For Small Companies (fewer than 100 employees), Alnahdi Family Office ranked first, followed by Saudi Downtown Company and Al Ramz. Falak Investment Hub, supporting entrepreneurs and startups, and AXS, a leader in IT consulting, completed the top five. Other recognized companies include Emkan Education, Madar, and Aseer Investment.

Special awards were given to organizations demonstrating excellence in areas like diversity, employee well-being, and HR practices. Resal was honored for its well-being initiatives, while Modern Building Leaders received recognition for exceptional HR practices.

This year’s survey revealed that 80% of employees at certified organizations feel pride in their work, inspired by leadership, and positive about their company’s community contributions. The study also highlighted that the new generation of Saudi talent values growth opportunities, equity, diversity, inclusion, and individuality.

For more information, visit: www.bestplacestoworkfor.org.
Hashtag: #BestPlacestoWork

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