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Molex Releases Innovative MMCX Power over Coax Solution to Ensure Reliable, RF Connections and Uninterrupted Power Delivery in Dynamic Environments

  • Innovative mating technique resolves the problems with intermittent power delivery and signal interruptions inherent in traditional MMCX connectors
  • Ideally suited for critical sensors and video applications in aerospace and defense, agriculture, automotive, industrial automation and telecommunications
  • Backward compatibility with IEC 61169-52 MMCX jack receptacles facilitates faster, seamless product upgrades without requiring major infrastructure changes
  • Compact, space-efficient design aligns with demands for miniaturization while power over coax simplifies product designs and reduces system complexity

LISLE, IL – Media OutReach Newswire – 11 February 2025 – Molex, a global electronics leader and connectivity innovator, announces the availability of its new compact MMCX Power over Coax (PoC) solution, which features a patent-pending mating technique to ensure secure and stable connections while maintaining electrical ground continuity. This product innovation is ideally suited for space-constrained applications where reliable RF connections and continuous power delivery are paramount, such as automotive liquid-crystal display (LCD) mirrors, driver monitoring systems or industrial sensors.

PR-MMCX-PoC--1440x1080-Av3

“Our new MMCX Power over Coax solution includes a full-locking mating mechanism to fix a known weakness in traditional MMCX plug connectors, which can cause signal interruptions and intermittent power levels,” said Roger Kauffman, senior director, RF product management and marketing, Molex. “Over the past year, this solution has performed effectively in different environments, including a light sensor used in a critical industrial security application.”

Backward Compatible, Compact Connectivity

The MMCX Power over Coax (PoC) product not only alleviates persistent reliability problems, it also is backward compatible with IEC 61169-52 MMCX jack receptacles to facilitate seamless product upgrades. This alleviates the need to redesign existing PCB receptacles, which can save significant time while reducing costs associated with product integration. Compliance with current and future standards offers customers a future-proof solution to meet evolving RF connection and power delivery requirements.

The compact product is 30% smaller than traditional MMC connectors, making it ideal for customers seeking to replace larger, heavier MCX connectors as well as more robust and reliable performance. MMCX Power over Coax is especially advantageous in applications where separate power and data connectors is either impractical or undesirable. To date, MMCX Power over Coax is being tested and deployed in a variety of agriculture, automotive and industrial automation applications.

Additionally, this future-proof solution improves performance for a vast range of miniaturized, rugged and reliable products, encompassing remote and mobile devices, unmanned aerial vehicles, portable electronics, smart-home automation systems, as well as IoT sensors and infrastructure. MMCX Power over Coax also accommodates the stringent reliability requirements for GPS antennas, intelligent transport management systems, wireless meter readers and more.

Product Availability

Molex’s MMCX Power over Coax right-angle and straight-plug cable assemblies are available now for the following cable types: RG178, Condumex RG174LL, RG316 and Dacar 462.

Molex Innovations on Display at DesignCon

MMCX Power over Coax was on display at DesignCon 2025 (Booth 739).

Molex engineers will share product demonstrations and expertise, including

  • Highlights of Molex’s 224G portfolio, encompassing next-generation cables, backplanes, board-to-board connectors and near-ASIC cable-to-connector solutions operating at speeds up to 224 Gbps-PAM4.
  • Molex’s preparations for 448G connectivity, as well as the critical components and technologies needed to achieve this important milestone.
  • Thermal management demonstration featuring Molex’s liquid cooling solution, called the Integrated Floating Pedestal, which minimizes thermal resistance while maximizing heat-transfer efficiency.
  • RF solution showcase reinforcing Molex’s ability to meet demanding high-speed data connectivity applications with high-frequency RF solutions that improve signal integrity, as well as reduce loss and interference.
  • The automotive and transportation team demonstrating a Type-C Enabling DisplayPort application for vehicles, as well as Ethernet over Coax (EoC) as an alternative to Shielded Twisted Pair.

Hashtag: #Molex

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

About Molex

Molex is a global electronics leader committed to making the world a better, more-connected place. With a presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit .

Aurealis Spreads Chinese New Year Cheer with Willing Hearts Fundraising Drive


SINGAPORE – Media OutReach Newswire – 11 February 2025 – Aurealis Serviced Apartments continues its yearly donation initiative to Willing Hearts with an increased variety of goods donated, benefitting elderly residents in Toa Payoh and rendering support for fundraising efforts.

Aurealis Group donating CNY Goodies to Willing Hearts
Aurealis Group donating CNY Goodies to Willing Hearts

Enhanced Donations in 2023 and 2024

For over a decade, Aurealis has been delivering pre-loved yet premium furniture, electronics, Sealy beds, pillows, bed linens, and towels to those in need. This year, its donations are richer in quality and range. Televisions, sofas, audio systems, toasters, and beds are among the items that recipients will benefit from, providing them with comfort and essential amenities.

“We believe in sharing quality items that we would use ourselves,” said Isabelle Loo, Managing Director of Aurealis. “It’s heartwarming to know these pre-loved items at our serviced accommodation are not just reused but deeply appreciated. The feedback from recipients is overwhelming. Elsie, a dedicated volunteer, has shared stories of elderly residents being overjoyed to receive basics like bed linens and pillows, items that many of us take for granted.”

In addition to donating pre-loved items to Willing Hearts’ recipients, Aurealis also supports their fundraising efforts by purchasing mooncakes and Chinese New Year goodies from them. When presenting these items to corporate clients, Aurealis makes it a point to highlight that they come from Willing Hearts. This helps to spread awareness and encourage further corporate support through word of mouth.

Leveraging festive seasons like Chinese New Year and Mid-Autumn Festival is the key to further amplifying Willing Hearts’ mission. These celebrations provide an opportunity to foster a spirit of giving and community engagement, inspiring more individuals and businesses to reinforce the importance of supporting those in need.

Future Community Engagement

Aurealis plans to scale its charitable efforts in the coming days. Future initiatives may include involving guests and residents in fundraising activities, particularly during the holiday season. On top of that, the company is exploring ways to encourage landlords and property agents to donate high-quality pre-loved furniture to families in need, with Aurealis offering support for transport costs if the families cannot afford it.

A Broader Commitment to Corporate Social Responsibility (CSR)

Beyond this initiative, Aurealis’ community involvement includes donations to the Salvation Army and financial support to directly benefit needy families, as well as assist young families with essential resources.

“At Aurealis, we’re committed to working with the resources we have to make a difference right here in Singapore,” Isabelle Loo, Managing Director of Aurealis added. “We look forward to growing our CSR impact, helping our community, and nurturing a spirit of giving that can uplift lives across the nation.”

With a strong focus on education, sustainability, and community welfare, the company intends to leverage its team’s background in education to foster long-term Corporate Social Responsibility (CSR) strategies.
Hashtag: #AurealisServicedApartments

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

About Aurealis Serviced Residence

Aurealis Serviced Residence is a in Singapore, providing quality long-term stays of three months or more. The 5-star waterfront property is located in Singapore’s Marina Bay Financial District, perfectly positioned near major office buildings.

Dreamer’s Journey 2025″ – Empowering Families with Disabilities to Venture Beyond Hong Kong. “Soaring High • Transforming Growth” Hong Kong Press Conference


HONG KONG SAR – Media OutReach Newswire – 11 February 2025 – On January 23, 2025, 50 selected children and youth with disabilities from under-privileged families in Hong Kong will experience flying and embark on a three-day, two-night trip to Taiwan from February 21 to 23 in 2025. “Dreamer’s Journey 2025” allows 40 disabled children who have never flown before and their families, along with 10 disabled youth who have previously received assistance from the organizing body and now volunteer, to join a group of compassionate volunteers. Together, they will create a touching and unforgettable flying dream journey, embracing the spirit of mutual support and resilience that characterizes the people of Hong Kong.

Dreamer’s Journey 2025

The event is organized by the Hong Kong organisation “Dreamer Angel Charity Limited.” The organization aims to empower children with disabilities from under-privileged families by helping them realize their dream of flying, encouraging them to face life’s challenges with greater courage and determination and to pursue their dreams. This year’s event ambassadors, artists Ms. Catherine Chau Ka Yee and Ms. Maggie Wong Mei Ki, will accompany the children on their exploration of the world beyond Hong Kong. The event will also include a team of medical staff and service volunteers, with nearly 200 participants in total.

Mr. Sunny Fok, Chairman of the “Dreamer Angel Charity Ltd,” stated, “Children with disabilities from under-privileged families rarely have the opportunity to travel abroad with their families. For them, enjoying the view from an airplane is an unimaginable experience. Through this journey, we also hope to appreciate and encourage the parents of these children. Volunteers only care for the children for three days and two nights, but these parents provide meticulous care for a lifetime. We truly need to appreciate these parents for their unconditional love.” The event aims to raise public awareness of the importance of caregivers, as well as concern for children with disabilities.

Ms. Fanny Ma, the General Secretary of the “Dreamer Angel Charity Ltd,” firmly believes, “Everyone deserves the opportunity to dream. Even with physical disabilities, every child with a disability possesses unique talents. As long as we are willing to spend time understanding and inspiring them, and creating opportunities for them to perform in public, they can build their confidence. Even if there are difficulties in pursuing their dreams, they will persist until they are achieved.” The organization’s services cover low-income families with disabilities, including those with visual, hearing, physical, and autism spectrum disorders, as well as rare diseases. Main activities include parent-child workshops, carnivals, performances and sharing sessions, home visits through the “Legacy of Blessings” program, and the flagship event “Dreamer’s Journey.” By organizing various large-scale community services, they aim to bring more attention and care to socially disadvantaged groups.

The event has received support from organizations across Hong Kong and Taiwan, including sponsorship of event expenses, airfare, hotels, transportation, and complimentary or discounted attraction tickets. Main supporting units include Be Positive, Source Radiance Culture Charity Foundation, CMR Limited, Kaishiu Group, Pak Kiu Engineering Limited, Gene Skin, Able Trillions, Cathay Pacific Airways, Wanpi World Zoo, Tsou Ma Lai Farm, and Ten Drum Cultural Village. The organizers hope the event will raise public awareness of children with disabilities from under-privileged families, attracting further support from organizations and kind-hearted individuals to support and help more children realise their dreams.

For more details about the event, please visit the “Dream Angel Charity Ltd” Facebook page: https://www.facebook.com/dreamerangels

Hashtag: #DreamAngelCharity

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

Concordia International School Shanghai Recognized as ITEEA STEM School of Excellence

SHANGHAI, Feb. 11, 2025 /PRNewswire/ — Concordia International School Shanghai has been honored with the prestigious title of ITEEA 2024-25 STEM School of Excellence—the only K-12 school in Asia to earn this recognition. Sponsored by Siemens and recognized by the International Technology and Engineering Educators Association (ITEEA), this distinction celebrates the school’s commitment to delivering an outstanding Integrative STEM education experience.

Concordia has been recognized internationally, winning the ITEEA 2024-25 STEM School of Excellence.
Concordia has been recognized internationally, winning the ITEEA 2024-25 STEM School of Excellence.

ITEEA’s STEM School of Excellence Recognition Program highlights schools that excel in fostering engineering and technological literacy among their students. The award celebrates educators, administrators, and stakeholders who are making a significant impact through innovative practices and instructional strategies.

Guided by the philosophy that every student should feel empowered to engage with STEM, Concordia encourages participation in STEM-related courses, projects, and activities across grade levels. This includes exciting opportunities like VEX Robotics, drone competitions, and citizen science projects. Through hands-on experiences that connect to real-world problem-solving, students shine brightly with their passion and interest in these fields. They challenge themselves, present research results at international events, and rack up accolades and competition victories, while also laying a strong foundation for their future careers.

The school doesn’t just focus on nurturing future innovators within the campus; it also extends its passion for STEM through outreach and service-learning projects. This includes sharing STEM literacy at Maker Faire events, teaching drone technology to left-behind students in rural China, and setting up computer labs in underserved schools in Nepal.

Another standout of Concordia’s application is the annual High School Career Day, which inspires students as they explore future career paths. This cornerstone event brings together distinguished professionals from a variety of industries to share their career journeys, insights, and advice, providing invaluable guidance to Concordia students.

Dr. Yujiro Fujiwara, STEM Coordinator and High School Math Teacher at Concordia, reflected on the recognition, saying, “This process has been a valuable opportunity for us to reflect on our journey, celebrate our achievements, and identify ways to continue improving. We are truly grateful to ITEEA and Siemens for promoting excellence in STEM education and for providing a platform for schools like ours to evaluate programs, share best practices, and connect with a broader community striving for continued improvement.”

As part of this honor, Concordia will be celebrated at the ITEEA 2025 Conference in St. Louis, Missouri. The school will receive a STEM School of Excellence Banner during the Closing General Session on Saturday, April 5, 2025. The event offers a platform for recognized schools to connect with peers and share their successes in advancing STEM education.

Concordia’s dedication to fostering curiosity, innovation, and technological literacy reflects its broader mission to nurture bright futures. By creating opportunities for students to engage meaningfully with STEM disciplines, Concordia empowers them to become thoughtful, skilled, and inspired contributors to the global community.

About Concordia International School Shanghai

Concordia International School Shanghai is a leading international school renowned for its rigorous academic programs, holistic education approach, and vibrant community spirit. With a focus on nurturing bright futures, the school offers a wide range of opportunities for students to grow academically, socially, and personally, preparing them to thrive in an ever-changing world.

Lithium Africa Resources Corp. Announces $6M Equity Financing and Intention to Complete a Listing on a Canadian Stock Exchange

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

LISBON, Portugal, Feb. 10, 2025 /PRNewswire/ — Lithium Africa Resources Corp. (“Lithium Africa” or the “Company“) is pleased to announce that it engaged 3L Capital Inc. (the “Lead Agent“) to act as the lead agent and sole bookrunner on behalf of a syndicate of agents (together with the Lead Agent, the “Agents“) in connection with a best efforts private placement offering (the “Brokered Offering“) of units of the Company (“Units“) for aggregate gross proceeds of up to $6,000,000.

Concurrently with the Brokered Offering, the Company will be completing a non-brokered private placement (the “NBPP“, and together with the Brokered Offering, the “Offering“) of Units on the same terms as the Brokered Offering. The Company anticipates that its largest shareholder, GFL International Co. Ltd (a subsidiary of Ganfeng Lithium) will subscribe for Units in the NBPP to maintain its 19% shareholding in the Company.

As part of the Offering, the Company will undertake to use its commercially reasonable best efforts to list the Class A common shares in the capital of the Company (a “Common Share“) for trading on a recognized stock exchange in Canada (the “Trigger Event“) on or before the date which is six (6) months following the Closing Date (the “Trigger Date“).

Each Unit in the Offering will be comprised of: (i) one (1) Common Share; (ii) one (1) Common Share purchase warrant of the Company (a “Warrant“); and (iii) one (1) special warrant of the Company (a “Special Warrant“).

Each Warrant will entitle the holder thereof to acquire one (1) Common Share (a “Warrant Share“) at a 30% premium to the price at which Units are sold under the Offering (the “Issue Price“) for a period of five (5) years following the Closing Date.

Each Special Warrant will entitle the holder thereof to receive, without payment of any further consideration and without further action on the part of the holder, and subject to customary adjustment provisions, 0.15 additional Common Shares (the “Penalty Shares“). The Special Warrants shall be automatically exercised, with no further action on the part of the holder (and for no additional consideration), on the first business day immediately following the Trigger Date. In the event the Trigger Event is completed on or before 5:00 p.m. (ET) on the Trigger Date, the Special Warrants will expire, and the Penalty Shares will not be issued.

The Company has granted the Agents the option to offer for sale up to an additional 15% in Units (the “Over-Allotment Option“), exercisable in whole or in part, at any time until 48 hours prior to the Closing Date.

In connection with the Brokered Offering, the Company has agreed to pay the Agents a fee comprising: (i) a cash fee equal to 7.0% of the gross proceeds raised from the sale of Units pursuant to the Brokered Offering (including Units issued upon exercise of the Over-Allotment Option); and (ii) such number of compensation options (the “Compensation Options“) as is equal to 7.0% of the total number of Units issued pursuant to the Brokered Offering (including Units issued upon exercise of the Over-Allotment Option). Each Compensation Option shall entitle the holder thereof to purchase one Unit at a price equal to the price at which Units were sold under the Offering for a period of three (3) years following the Closing Date.

It is currently anticipated that the proceeds of the Offering will be used for ongoing exploration and development of the Company’s portfolio of assets; evaluation and acquisition of additional prospective projects; preparation for a public listing on the recognized stock exchange in Canada during H2/2025; and ongoing corporate working capital and investor relations costs.

The Offering is scheduled to close on or around 31 March 2025, or on such other date as agreed upon with the Company and the Lead Agent (the “Closing Date“). Closing of the Offering is subject to the receipt of all necessary approvals.

The Company is not a reporting issuer in any province or territory in Canada and its securities are not listed on any stock exchange in Canada and there is currently no public market for its securities to be resold. As such, the Units (and the securities comprising thereof) will not be transferable under the laws of Canada, except pursuant to applicable statutory exemptions, until the date that is four months and a day after the date the Company becomes a reporting issuer in any province or territory of Canada (subject to any control person distribution restrictions) in accordance with National Instrument 45-102 – Resale of Securities

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lithium Africa

Lithium Africa has consolidated a portfolio of hardrock pegmatite districts across five prospective regions covering over 2,500 kmof exploration assets in Morocco, Ivory Coast, Guinea, Mali and Zimbabwe. The Company has established a 50/50 joint venture partnership with Ganfeng Lithium to jointly advance exploration in Africa (the “LAR-GFL JV“).

This investment model combines Lithium Africa’s world-class geological team, it’s network of African relationships with Ganfeng’s expertise in the lithium sector and its access to capital. The shared goal of the LAR-GFL JV is to unlock Africa’s untapped but immense geological potential together to deliver high quality spodumene in a sustainable manner into the next lithium cycle.

For further information:

Visit our website – www.li-africa.com
Connect via LinkedIn – www.linkedin.com/company/lithium-africa/

ON BEHALF OF THE BOARD

 “Tyron Breytenbach

Tyron Breytenbach

CEO, Lithium Africa Resources Corp.

Forward Looking Statements

Certain of the statements and information in this news release constitute “forward-looking statements” or “forward-looking information.” Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information. Forward-looking statements in this news release include, without limitation, statements relating to the Offering on the terms contemplated herein or at all, the anticipated use of proceeds from the Offering, the completion of the Trigger Event, and the Agents’ exercise of the Over-Allotment Option.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

Justin Sun Explains USDD 2.0 in a Live Stream, Highlights HTX’s Unique Edge

SINGAPORE, Feb. 10, 2025 /PRNewswire/ — On February 5, Justin Sun, Global Advisor of HTX and founder of TRON, joined the leading crypto exchange HTX for an X Spaces session titled “Explore USDD with Justin Sun“. During the session, Sun provided an in-depth explanation of USDD (Decentralized USD) 2.0, the latest version of the USDD stablecoin, and answered audience questions. The session garnered significant interest from the crypto community, with over 12,000 concurrent listeners at its peak.

USDD 2.0: Pegged 1:1 with USD, Backed by Multiple Stability Mechanisms

Launched on January 25, USDD 2.0 is an upgraded decentralized stablecoin on the TRON network.

Sun emphasized that despite the dominance of USDT and USDC, the market still lacks a truly trustless and fully decentralized stablecoin with no censorship and freezing of assets, which is why he championed USDD.

To maintain its 1:1 peg to USD, USDD 2.0 utilizes stability mechanisms, including overcollateralization, a liquidation and auction model, risk management and real-time monitoring, a Peg Stability Module (PSM), and decentralized governance.

The PSM is a critical component. It allows users to quickly swap USDD for other stablecoins at a 1:1 ratio with nearly zero gas fees. This significantly reduces arbitrage risks and promotes price stability, even during market fluctuations.

USDD’s overcollateralization model further enhances its stability and minimizes risks. To mint USDD, users must provide collateral assets like TRX or USDT. Due to TRX’s strong market liquidity and ecosystem support, and USDT’s established stability, the value of the collateral consistently exceeds that of the minted USDD.

As of 8:30 AM UTC on February 6, the total collateral backing USDD was nearly $130 million, representing an overcollateralization ratio of 1.23x.

Sun summarized, “If you are unsure about USDD, just think of it as a mirrored proxy of USDT.”

20% APY on USDD Staking—Backed by Decentralization

Sun emphasized that USDD can be swapped 1:1 for USDT at any time, with no limit, making it as easy to use as USDT on TRON—but with the potential for higher returns.

Currently, Tier T1 of USDD staking offers a 20% APY, fully subsidized by TRON DAO. HTX Earn also offers a limited-time 20% APY bonus for its USDD Flexible product. Since the bonus was introduced, subscribed assets for the product increased nearly tenfold. Users can stake USDD on HTX or JustLend DAO and enjoy a guaranteed 20% yield. Users can also borrow USDD using their USDT holdings and then stake the borrowed USDD for additional potential returns. (Disclaimer: This is not an investment advice.)

According to official data, $1,380,822 USDD tokens have been deposited to the LendSave Vault contract (TDrc3zH9wWufmQJyS7QLxBYH8GS27drW5N).


Addressing community concerns about the security and sustainability of the 20% yield, Sun stated, “Consider the value proposition of a decentralized stablecoin on TRON. There’s $60 billion worth of USDT on TRON. If you believe in a truly decentralized alternative, you understand USDD’s potential value.”

Regarding use cases, Sun explained that USDD is designed to support the functionalities that USDT cannot fully provide on the TRON network. He also announced upcoming partnerships with centralized exchanges. HTX and Poloniex may soon support USDD used as margin in futures trading, and integrates USDD into one-click USDD swaps, and USDD-powered SmartEarn. Discussions are also underway with other crypto institutions regarding further USDD integration.

HTX’s Growth: $HTX Set to Be Listed on Major Regulated Exchange

Sun also announced that $HTX will soon be listed on a major regulated exchange. Efforts are underway to further enhance its utility, giving it a competitive advantage over other centralized exchanges.

He reaffirmed that HTX’s listing strategy focuses on identifying promising projects, with all new token listings based on independent research, and also speed. HTX’s agility has allowed it to stay ahead of the curve in the crypto market over the past two years. Looking ahead, HTX will focus on the AI sector, with potential AI-driven projects in development.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

Contact Details

Ruder Finn Asia
htx@ruderfinn.com 

Company Website
https://www.htx.com

Lithium Africa Resources Corp. Announces $6M Equity Financing and Intention to Complete a Listing on a Canadian Stock Exchange

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

LISBON, Portugal, Feb. 10, 2025 /PRNewswire/ — Lithium Africa Resources Corp. (“Lithium Africa” or the “Company“) is pleased to announce that it engaged 3L Capital Inc. (the “Lead Agent“) to act as the lead agent and sole bookrunner on behalf of a syndicate of agents (together with the Lead Agent, the “Agents“) in connection with a best efforts private placement offering (the “Brokered Offering“) of units of the Company (“Units“) for aggregate gross proceeds of up to $6,000,000.

Concurrently with the Brokered Offering, the Company will be completing a non-brokered private placement (the “NBPP“, and together with the Brokered Offering, the “Offering“) of Units on the same terms as the Brokered Offering. The Company anticipates that its largest shareholder, GFL International Co. Ltd (a subsidiary of Ganfeng Lithium) will subscribe for Units in the NBPP to maintain its 19% shareholding in the Company.

As part of the Offering, the Company will undertake to use its commercially reasonable best efforts to list the Class A common shares in the capital of the Company (a “Common Share“) for trading on a recognized stock exchange in Canada (the “Trigger Event“) on or before the date which is six (6) months following the Closing Date (the “Trigger Date“).

Each Unit in the Offering will be comprised of: (i) one (1) Common Share; (ii) one (1) Common Share purchase warrant of the Company (a “Warrant“); and (iii) one (1) special warrant of the Company (a “Special Warrant“).

Each Warrant will entitle the holder thereof to acquire one (1) Common Share (a “Warrant Share“) at a 30% premium to the price at which Units are sold under the Offering (the “Issue Price“) for a period of five (5) years following the Closing Date.

Each Special Warrant will entitle the holder thereof to receive, without payment of any further consideration and without further action on the part of the holder, and subject to customary adjustment provisions, 0.15 additional Common Shares (the “Penalty Shares“). The Special Warrants shall be automatically exercised, with no further action on the part of the holder (and for no additional consideration), on the first business day immediately following the Trigger Date. In the event the Trigger Event is completed on or before 5:00 p.m. (ET) on the Trigger Date, the Special Warrants will expire, and the Penalty Shares will not be issued.

The Company has granted the Agents the option to offer for sale up to an additional 15% in Units (the “Over-Allotment Option“), exercisable in whole or in part, at any time until 48 hours prior to the Closing Date.

In connection with the Brokered Offering, the Company has agreed to pay the Agents a fee comprising: (i) a cash fee equal to 7.0% of the gross proceeds raised from the sale of Units pursuant to the Brokered Offering (including Units issued upon exercise of the Over-Allotment Option); and (ii) such number of compensation options (the “Compensation Options“) as is equal to 7.0% of the total number of Units issued pursuant to the Brokered Offering (including Units issued upon exercise of the Over-Allotment Option). Each Compensation Option shall entitle the holder thereof to purchase one Unit at a price equal to the price at which Units were sold under the Offering for a period of three (3) years following the Closing Date.

It is currently anticipated that the proceeds of the Offering will be used for ongoing exploration and development of the Company’s portfolio of assets; evaluation and acquisition of additional prospective projects; preparation for a public listing on the recognized stock exchange in Canada during H2/2025; and ongoing corporate working capital and investor relations costs.

The Offering is scheduled to close on or around 31 March 2025, or on such other date as agreed upon with the Company and the Lead Agent (the “Closing Date“). Closing of the Offering is subject to the receipt of all necessary approvals.

The Company is not a reporting issuer in any province or territory in Canada and its securities are not listed on any stock exchange in Canada and there is currently no public market for its securities to be resold. As such, the Units (and the securities comprising thereof) will not be transferable under the laws of Canada, except pursuant to applicable statutory exemptions, until the date that is four months and a day after the date the Company becomes a reporting issuer in any province or territory of Canada (subject to any control person distribution restrictions) in accordance with National Instrument 45-102 – Resale of Securities

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Lithium Africa

Lithium Africa has consolidated a portfolio of hardrock pegmatite districts across five prospective regions covering over 2,500 kmof exploration assets in Morocco, Ivory Coast, Guinea, Mali and Zimbabwe. The Company has established a 50/50 joint venture partnership with Ganfeng Lithium to jointly advance exploration in Africa (the “LAR-GFL JV“).

This investment model combines Lithium Africa’s world-class geological team, it’s network of African relationships with Ganfeng’s expertise in the lithium sector and its access to capital. The shared goal of the LAR-GFL JV is to unlock Africa’s untapped but immense geological potential together to deliver high quality spodumene in a sustainable manner into the next lithium cycle.

For further information:

Visit our website – www.li-africa.com
Connect via LinkedIn – www.linkedin.com/company/lithium-africa/

ON BEHALF OF THE BOARD

 “Tyron Breytenbach

Tyron Breytenbach

CEO, Lithium Africa Resources Corp.

Forward Looking Statements

Certain of the statements and information in this news release constitute “forward-looking statements” or “forward-looking information.” Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) that are not statements of historical fact may be forward-looking statements or information. Forward-looking statements in this news release include, without limitation, statements relating to the Offering on the terms contemplated herein or at all, the anticipated use of proceeds from the Offering, the completion of the Trigger Event, and the Agents’ exercise of the Over-Allotment Option.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons; availability of equipment (including drills) and personnel to carry out work programs; and that each stage of work will be completed within expected time frames. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

RRD China Secures Double Honors at the 14th China Philanthropy Festival and ESG Summit

BEIJING, Feb. 10, 2025 /PRNewswire/ — A news report from SYOBSERVE: The 14th China Philanthropy Festival and ESG Summit successfully wrapped up on January 10th in Beijing. RRD China earned the “ESG Model Enterprise” award and “Public Welfare Case of the Year” for its outstanding performance in environmental, social and governance practices.

Ye Yi, President of RRD APAC, shared valuable perspectives during an interview. She elaborated on the company’s strategic initiatives and achievements in the ESG realm, demonstrating how RRD China balances sustainability and business growth.

Sustainable Management: From Vision to Action

Ms. Ye said in the interview, “Sustainability is not about short-term gains but about creating long-term values. For thirty years, RRD has embedded the principles of environmental protection and sustainability into its corporate strategy in China. From product design to production, the company is committed to creating a green ecological loop through material certification, energy conservation, emission reduction, renewable energy use, and waste management.”

In 2023, RRD China achieved a 44% reduction of manufacturing combined Scope 1 and 2 greenhouse gas emissions, using 2022 as a baseline, and has pledged a 25% reduction globally over the next decade. Notably, 70% of our Chinese facilities operate on 100% renewable energy, with nearly one-third earning the “UL Zero Waste Land Fill” Platinum certification.

People-Centric Approach: Commitment to Employees and Society

“People-oriented” is a fundamental value at RRD. Ms. Ye underscored the company’s commitment to employee health and safety, offering a comprehensive protection system that includes upgraded infrastructure, psychological support, and regular inspections. The company supports employee career development through academic-industry partnerships, nationwide campus recruitment, and a series of training programs. Women comprise 44% of the workforce and over 45% of management, highlighting the dedication to diversity.

In its commitment to social responsibility, RRD’s community engagement team, established in 2013, has led initiatives in education support, environmental stewardship, and poverty alleviation. Its “Just Cleanup!” environmental campaign won “Public Welfare Case of the Year” at the conference.

Green Supply Chain: Balancing Ecology and Resilience

“At RRD, we view a sustainable supply chain as both a commitment to environmental stewardship and a cornerstone of our competitive edge,” stated Ms. Ye. We have established a responsible supply chain that spans the gamut from raw materials to finished products by implementing a strict supplier code of conduct and by utilizing renewable, biodegradable materials in conjunction with efficient processes. Additionally, we are committed to enhancing diversity and inclusion throughout our supply chain by partnering with a broad range of small and medium-sized businesses, supporting their development, and contributing to the overall resilience of our supply operations.

Innovation-Driven Growth: A Win-Win for the Environment and Business

We celebrate RRD’s 160th anniversary in 2024. As we reflect on RRD’s history, innovation kept continuous growth and evolving. The company has established multiple R&D centers dedicated to developing eco-friendly materials and technologies. Its innovative products such as Roligh® degradable materials and FO2 pure vegetable oil inks significantly reduce environmental impact while offering diverse options for customers.

Ms. Ye noted, “Through innovation, we aim to make green development a driver of sustainable growth.” By employing lightweight packaging and low-consumption processes, the company has reduced material use while enhancing product performance, earning accolades in numerous domestic and international competitions.

Looking Ahead: Embracing Responsibility and Collaboration

At the conclusion of the interview, Ms. Ye remarked: “Sustainability is a long-term mission that demands the united efforts of businesses, society, and consumers alike.” RRD remains committed to advancing its philosophy of green innovation and working collaboratively with partners to steer the industry toward a more sustainable and eco-friendly future.