Home Blog Page 4904

Future Metals welcomes metallurgical breakthrough at Panton

Melbourne, Victoria – News Direct – 14 July 2023 – Future Metals NL (ASX:FME, AIM:FME) managing director Jardee Kininmonth discusses with Proactive the latest metallurgical test results for the Panton project, in Western Australia, which he says indicates a “step change” in platinum group metal (PGM) recoveries.

Recoveries improved to 86% from 78% through successful tailings leaching. The findings de-risk the process flowsheet for Panton and improve the project economics, ahead of a scoping study which is currently underway.

“We have achieved another metallurgical breakthrough for the Panton project, potentially creating a step-change in PGM recoveries, de-risking the flowsheet and improving project economics through leaching of flotation tails,” Kininmonth said.

“We can now expect to recover approximately 86% of PGM metals from Panton ore feed and importantly over 93% of palladium. Combined with our ability to consistently achieve more than 280g/t PGM3E (palladium, platinum and gold) concentrate grades, Panton compares very favourably to analogous South African PGM operations.”

PressReleaseTMPTehT8f.jpg

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

ROSEN, A GLOBAL AND LEADING LAW FIRM, Encourages Futu Holdings Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – FUTU

New York, New York – Newsfile Corp. – July 13, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminder purchasers of the securities of Futu Holdings Limited (NASDAQ: FUTU) between April 27, 2020 and May 16, 2023, both dates inclusive (the “Class Period”), of the important August 11, 2023 lead plaintiff deadline, in the securities class action commenced by the Firm.

SO WHAT: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Futu class action, go to https://rosenlegal.com/submit-form/?case_id=16261 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Futu’s business was, quite simply, illegal as it related to operations in China as a result of its failure to obtain the proper licenses; (2) it did not fully disclose to investors that it was engaging in unlawful activity and instead falsely characterized the applicable Chinese laws as ambiguous; (3) the foregoing subjected the Company to a heightened risk of regulatory enforcement; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Futu class action, go to https://rosenlegal.com/submit-form/?case_id=16261 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

Newfield Resources’ subsidiary signs terms sheet for Tongo Diamond Mine US$50 million debt facility

Melbourne, Victoria – News Direct – 14 July 2023 – Newfield Resources Ltd CEO, Karl Smithson, sat down with Proactive’s Tom Warner to discuss the company’s pending funding transaction with the African Finance Corporation (AFC) worth $65 million.

The funding package consists of a $50 million debt facility and $15 million in equity.

The AFC is an institutional finance organisation that invests in African development projects, including natural resources, infrastructure, power, and telecoms.

Smithson believes that this funding will support the company’s diamond project, enabling them to achieve commercial production in the next two to three years, with an initial target production of 200,000 carats per year.

The funds will also be used to construct a larger processing plant to accommodate growing capacity. Despite short-term fluctuations in diamond prices, Smithson is optimistic about the long-term outlook due to the decreasing supply and increasing demand for luxury products, particularly from emerging economies like India and China.

PressReleaseTMPat3qUD.jpg

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

ROSEN, SKILLED INVESTOR COUNSEL, Encourages Funko, Inc. Investors with Losses in Excess of $50K to Secure Counsel Before Important Deadline in Securities Class Action – FNKO

New York, New York – Newsfile Corp. – July 13, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the common stock of Funko, Inc. (NASDAQ: FNKO) between May 6, 2022 and March 1, 2023, both dates inclusive (the “Class Period”), of the important August 1, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Funko common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Funko class action, go to https://rosenlegal.com/submit-form/?case_id=16840 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 1, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) Funko was experiencing significantly larger delays in implementing its enterprise resource planning (“ERP”) software than it was disclosing to investors; (2) having moved into a new warehouse without functioning ERP software in place would lead to dramatically higher costs and poorer inventory management practices; and (3) Funko’s inability to efficiently operate the new distribution center would have a substantial, undisclosed impact on Funko’s EBITDA margin. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Funko class action, go to https://rosenlegal.com/submit-form/?case_id=16840 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

Aruma Resources discovers REEs and base metals at Saltwater

Melbourne, Victoria – News Direct – 14 July 2023 – Aruma Resources Ltd (ASX:AAJ) MD Glenn Grayson tells Proactive the company has uncovered significant rare earth elements (REE) and cobalt-copper enriched rocks during surface sampling at the Saltwater Project in the Pilbara region of Western Australia.

The mineral exploration company recently conducted a six-day field reconnaissance program at Saltwater to collect samples from radiometric, geophysical and structural targets, part of a planned systemic sampling of an interpreted 80-kilometre strike length for REE and other minerals.

“We are delighted with the initial results from our first phase of REE-focused field work at Saltwater,” Grayson said.

“The sampling program represents our first stage of on-ground REE work at the project and the results have exceeded expectations, reaffirming our view of Saltwater’s potential for hosting unconformity heavy rare earth elements (HREEs).

“These initial results constitute a resounding success for our exploration approach thus far. “Furthermore, the grades of the surface samples for base metals are exciting and provide an additional exploration focus at the Saltwater Project.

“This potential will be further investigated in the company’s ongoing fieldwork at Saltwater.”

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

ROSEN, A LONGSTANDING FIRM, Encourages DouYu International Holdings Limited Investors with Losses to Secure Counsel Before Important Deadline in the Securities Class Action Filed by the Firm – DOYU

New York, New York – Newsfile Corp. – July 13, 2023 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of DouYu International Holdings Limited (NASDAQ: DOYU) between April 30, 2021 and May 9, 2023, both dates inclusive (the “Class Period”) of the important August 8, 2023 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased DouYu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the DouYu class action, go to https://rosenlegal.com/submit-form/?case_id=15999 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 8, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) The Chinese government, due to concerns about issues such as video game and computer addiction, as well as content challenging its authority, could become increasingly aggressive towards DouYu regardless of how effective or sincere its attempts to comply with Chinese law were; (2) this increasingly aggressive posture subjected DouYu to a heightened risk of an investigation and subsequent government enforcement action and ultimately resulted in enforcement action; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DouYu class action, go to https://rosenlegal.com/submit-form/?case_id=15999 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

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

Correcting and Replacing: Jardine Matheson and Hongkong Land celebrate 50 years of Jardine House

Hong Kong’s first skyscraper continues to innovate and attract world-class tenants

  • Building at the forefront of the development of modern Central.
  • Hongkong Land invests up to US$100 million annually in updating and modernising all its buildings, ensuring Jardine House remains contemporary and digitally enhanced.
  • Jardine House continues to benefit from the ongoing flight to quality.

HONG KONG SAR – Media OutReach – 13 July 2023 – Jardine Matheson and Hongkong Land are commemorating the 50th anniversary of Jardine House, the first skyscraper in Hong Kong, and the hub of Hongkong Land’s Central ecosystem. Completed in 1973, Jardine House set new standards with its robust design, fastest lifts, largest air conditioning chillers, and iconic 1,748 circular glazed windows that offer unobstructed harbour views.

Designed by Palmer and Turner (now P&T Group) and built by Gammon Construction, Jardine House quickly became the prime location for leading banks, financial institutions, legal firms, and accountants. By 1974, it housed eight international banks and one of Hong Kong’s stock exchanges, among other tenants. Today, it remains of key importance in Hongkong Land’s Premium Grade A office portfolio, housing a community of influential business leaders and decision-makers including the Asia Pacific headquarters of leading global independent investment management firm Invesco and luxury goods holding company Richemont. More than two fifths of the current tenants, 42.5%, represent international and local law firms; luxury brands account for 18% of the total space; and financial services companies such as asset managers, stockbrokers and securities firms take up another 18%.

“Jardine House is a prominent part of the renowned Hong Kong skyline with its distinctive architectural features, including its instantly recognisable circular windows. The building was at the forefront of the development of modern Central, and stands today as a timeless reminder of Hong Kong’s role as an international business and financial hub, and will continue to do so as Hong Kong strengthens its role into the future,” said Mr John Witt, Group Managing Director of Jardine Matheson.

Jardine House has played a key role in the development of Hongkong Land’s Central Portfolio and continues to evolve and innovate. For example, in June 2020 a first-of-its-kind food hall concept in Central Portfolio, BaseHall, was opened on the basement level of Jardine House, providing a fluid space for multi-concept dining and the flexibility to host events and experiences for tenants and customers.

“The globally recognised Central Elevated Walkway began in the 1970s when Hongkong Land constructed a footbridge between Jardine House and Chater House and the General Post Office. From then on, the government, developers and banking corporations continued to expand the network to include more buildings and bridge connections,” said Mr Robert Wong, Chief Executive of Hongkong Land. “The wide network of footbridges has become a super connector of buildings and people across the entire financial district further reinforcing the prime location and appeal of Jardine House.”

Many Jardine House tenants have remained loyal to their location in this benchmark building, with one of the building’s first tenants in 1973 still located in Jardine House today – legal firm Woo Kwan Lee & Lo. At the same time, the building continues to attract notable tenants such as the newly signed Crédit Industriel et Commercial. Recent tenants recognise the high sustainability standards of the building, which is a key reason for their move, as Jardine House has received BEAM Plus Platinum certification.

“Jardine House is a testament to our dedication to innovation and our commitment to supporting the thriving Central ecosystem,” said Mr Wong. “We are proud of the building’s achievements and will continue to invest significantly in its future and that of other buildings in the Central Portfolio to maintain Hong Kong’s premier status. Hongkong Land invests up to US$100 million annually in updating and modernising all its buildings, ensuring Jardine House remains contemporary and digitally enhanced.”

As part of the 50th anniversary celebrations, Hongkong Land is hosting activities for tenants, the community, and visitors with public talks, exhibitions, and guided walking tours. The first public talk, focusing on the architecture of the building and its impact on the city, will take place on 15th July. The annual ‘Walk Up Jardine House’ charity event that has generated more than HK$50 million for MINDSET – a mental health charity founded by the Jardine Matheson Group – will also take place between September and October. The event includes a 49-floor vertical race up the building and a mental health awareness carnival, held live for the first time since the pandemic.

“As part of our rich Central Portfolio ecosystem, Jardine House will continue to benefit from the ongoing flight to quality as corporate tenants prioritise premium quality, the highest sustainability standards and strategically located offices,” concluded Mr Wong.

Jardine Matheson and Hongkong Land are commemorating the 50th anniversary of Jardine House, the first skyscraper in Hong Kong. Completed in 1973, Jardine House set new standards with its robust design, fastest lifts, largest air conditioning chillers, and iconic 1,748 circular glazed windows that offer unobstructed harbour views.
Jardine Matheson and Hongkong Land are commemorating the 50th anniversary of Jardine House, the first skyscraper in Hong Kong. Completed in 1973, Jardine House set new standards with its robust design, fastest lifts, largest air conditioning chillers, and iconic 1,748 circular glazed windows that offer unobstructed harbour views.
Jardine House is a prominent part of the renowned Hong Kong skyline with its distinctive architectural features.
Jardine House is a prominent part of the renowned Hong Kong skyline with its distinctive architectural features.

Hashtag: #JardineMatheson #HongkongLand

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

Jardine Matheson

Jardine Matheson is a diversified Asian-based group founded in China in 1832, with unsurpassed experience in the region. It has a broad portfolio of market-leading businesses, which represent a combination of cash generating activities and long-term property assets and are closely aligned to the increasingly prosperous consumers of the region. The Group’s businesses aim to produce sustainable returns by providing their customers with high quality products and services. The Group is committed to driving long-term sustainable success in our businesses and our communities.

Jardine Matheson operates principally in China and Southeast Asia, where its subsidiaries and affiliates benefit from the support of the Group’s extensive knowledge of the region and its long-standing relationships. These companies are active in the fields of motor vehicles and related operations, property investment and development, food retailing, health and beauty, home furnishings, engineering and construction, transport services, restaurants, luxury hotels, financial services, heavy equipment, mining and agribusiness.

Jardine Matheson holds interests in Jardine Pacific (100%), Jardine Motors (100%), Hongkong Land (53.1%), DFI Retail Group (77.5%), Mandarin Oriental (80.2%) and Jardine Cycle & Carriage (76.8%) (‘JC&C’). JC&C in turn has a 50.1% shareholding in Astra.

Jardine Matheson Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Jardine Matheson Limited operates from Hong Kong and provides management services to Group companies.

Hongkong Land

Hongkong Land is a major listed property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership.

The Group owns and manages more than 850,000 sq. m. of prime office and luxury retail property in key Asian cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its properties attract the world’s foremost companies and luxury brands.

The Group’s Central Hong Kong portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, four retail centres on the Chinese mainland, including a luxury retail centre at Wangfujing in Beijing, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high-quality residential, commercial and mixed-use projects under development in cities across China and Southeast Asia, including a 43% interest in a 1.1 million sq. m. mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land, is a well-established residential developer in Singapore.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a primary listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

Shortage of Teachers Threatens Closure of 25 Schools in Savannakhet

The mobile school in Ban Pa Long Nai village. Savannakhet province, Laos (Photo: UNICEF)

A dire shortage of teachers in Savannakhet province could lead to the closure of 25 schools next academic year, said a National Assembly (NA) member during the ongoing 5th Ordinary Session of the 9th National Assembly.