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Huawei celebrates ICT competition awardsTORONTO — Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) welcomes the Government of Canada’s decision announced today to appoint an Arctic ambassador and open a consulate in Nuuk, Greenland. This follows the new Canadian Arctic Foreign Policy Framework to protect, together with its allies, the economic and military challenges including mineral resources security supply in the Arctic. The Company believes this is relevant for the Project as it is in negotiations to secure Capex funding from Canadian and recently announced European financial institutions and agencies in its press releases dated and . Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned Climax type primary molybdenum deposit located in central east Greenland. The Project has copper and also magnesium, a market dominated 98% by China. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from an NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, with an US$820 million capex and a levered after-tax IRR of 33.8% and payback of 2.4 years, using US$18 per pound molybdenum price. The Proven and Probable Reserves are 245 million tonnes at 0.176% MoS , for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS , approximately 25% of EU total yearly consumption. The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site ( ) and our Canadian regulatory filings on Greenland Resources’ profile at . The Project is by the European Raw Materials Alliance (ERMA). is managed by , an organization within the EIT, a body of the European Union. Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition. When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 24% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 25% of the EU consumption, of environmentally friendly high-quality molybdenum from a responsible EU Associate country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content in phosphorus, tin, antimony, and arsenic, makes it an ideal source of molybdenum for the high-performance steel industry lead worldwide by Europe, specifically the Scandinavian countries and Germany. This news release contains “forward-looking information” (also referred to as “forward looking statements”), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “hopes”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans; planned capex financing and outcomes of due diligence reviews; construction and engineering initiatives for the Malmbjerg molybdenum project; statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: future planned development and other activities on the Project; favourable outcomes of due diligence reviews; planned energy requirements of the Project; obtaining the permitting on the Project in a timely manner; no adverse changes to the planned operations of the Project; continued favourable relationships with local communities; current EU and other initiatives remaining in place into the future; expected demand for molybdenum in the EU and abroad, including by companies that expressed an interest in purchasing molybdenum; our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner or at all; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the favourable results of the SIA (Social Impact Assessment) and EIA (Environmental Impact Assessment); favourable local community support for the Project’s development; the projected demand for molybdenum both in the EU and elsewhere, including by companies that expressed an interest in purchasing molybdenum; the current initiatives and programs for resource development in the EU and abroad; the projected and actual status of supply chains, labour market, currency and commodity prices interest rates and inflation; the projected and actual status of the global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at ). 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. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information. Neither the Cboe Canada Exchange nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Ruben Shiffman, PhD Chairman, President Keith Minty, P.Eng, MBA Engineering and Project Management Jim Steel, P.Geo, MBA Exploration and Mining Geology Nauja Bianco, M.Pol.Sci. Public and Community Relations Gary Anstey Investor Relations Eric Grossman, CPA, CGA Chief Financial Officer Corporate office Suite 1810, 25 York Street, Toronto, Ontario, Canada M5J 2V5 1-844-252-0532Before you ask; they bring the boom. That's what they do. You might have noticed kids talking about Costco more than usual. Maybe they yell an emphatic "BOOM!" or "DOOM!" after eating, or start making the "rizz face" at you. That would be the result of three viral stars known to the internet as A.J., Big Justice and the Rizzler. As wild as the nicknames might sound, the three viral TikTok stars have shown up all over social media and beyond in 2024. After their viral Costco-related videos and "BOOM or DOOM" food reviews, A.J. and Big Justice have been bringing the "Boom" beyond TikTok to mainstream media. After releasing a song, "We Bring the Boom," their dance has become a popular celebration for college football players , with even Lebron James and son Bronny James seen doing the dance before a Los Angeles Lakers game. The Costco guys often team up with TikTok sensation "The Rizzler," a kid most famous for his " Rizz Face" expression, which is a mewing gesture . The three have made public appearances together on multiple occasions, including an interview on The Tonight Show Starring Jimmy Fallon. Here's what to know about A.J., Big Justice, and the Rizzler. Who are Andrew "A.J." Befumo Jr. and Eric "Big Justice" Befumo? A.J. Befumo, 48, is a graduate of Seton Hall University currently living in Boca Raton, Florida, according to his LinkedIn . Before the internet fame, Befumo used his Instagram and TikTok to promote mortgage broker American Financial Network, where he worked as a regional manager since 2021. He also started a family vlog channel " All Befumo'd up. " The channel has 1,560 subscribers and features family life vlogs of the Befumo family before their recent internet fame. On January 29, 2024, A.J. Befumo posted a TikTok with his son, Eric Befumo, 12, in Costco asking fans to guess if their order was over or under $300. The video received over 750,000 likes and 7.9 million views, the first of their many viral Costco videos. The father-son duo has made several public appearances after their success on TikTok and Instagram. In the "TikTok" sketch on Saturday Night Live on October 19, the two were impersonated by Marcello Hernandez (A.J.) and Chloe Fineman (Big Justice), singing their song "We Bring the Boom," while holding Costco Chicken Bakes. A.J. Befumo's entertainment experience predates his family vlog channel. Under the stage name “the American Powerchild Eric Justice," Befumo was a former professional wrestler who came out of retirement this year for an All-Elite Wrestling appearance on Nov. 23. “It’s amazing,” said Big Justice on The Tonight Show Starring Jimmy Fallon, when asked about working with his dad. “It’s not just working with my dad, it’s working with my whole family. Ashley, my mom, it’s so amazing that we accomplished all of this together.” Why are they Called "Costco Guys?" The Befumos started posting more Costco-related content after their initial success. On March 1, they posted their most viewed video on their TikTok , labeling themselves as "Costco Guys." The mega-hit received 59 million views and 4.5 million likes, propelling the Costco guys into stardom. Befumo also went viral for his famed love of the Costco Double Chunk Chocolate Cookie . Big Justice’s favorite option — the Chicken Bake, a pastry with chicken, cheese, bacon and Caesar dressing — also receives praise from fans. Their "BOOM or DOOM" food review of the Costco food court received over 30 million views and 2.5 million likes in March 2024. The two have extended their food reviews beyond the store, and review food with other family members (A.J. Befumo's daughter Ashley, and wife nicknamed "Mama Justice") and other creators on the "BOOM Meter ." In an interview on Fox Business's "The Claman Countdown" on Nov. 22, host Liz Claman revealed to A.J. and Eric Befumo that the Costco share price had hit an all-time high, helped by sales in the food court, specifically of the Chicken Bake. Who is "The Rizzler?" The 3-foot-11, eight-year-old sensation doesn't share any relation to the Befumo family. Christian Joseph, known to the public as "The Rizzler," has a TikTok account with his dad that first went viral when he wore an adorable Black Panther costume for Halloween. In a TikTok , he explained to his father filming why he couldn't climb a ladder. "Cuz mommy said it's dangerous," said the Rizzler. The child star first started calling himself The Rizzler on TikTok in April 2024 and collaborated with Big Justice on his TikTok in June . The Rizzler has been making the "Rizz Face" at various sporting events, including at Game 5 of the MLB National League Championship Series, to the crowd's delight. The New York Knicks posted a highlight ree l of the Rizzler at the Knicks celebrity game on Oct. 8. He had a collaboration with internet celebrities Logan Paul and KSI, sponsoring their hydration drink Prime in a TikTok. The Rizzler gave Jimmy Fallon a tutorial on how to properly make his signature "Rizz Face" during an interview on The Tonight Show.
DETROIT, Dec. 06, 2024 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (“DT Midstream” or the “Company”) (NYSE: DTM) today announced that it has closed the previously announced offering (the “Offering”) of $650,000,000 of 5.800% Senior Secured Notes due 2034 (the “Notes”). The Notes were issued by DT Midstream, guaranteed by certain of DT Midstream’s subsidiaries and secured by a first priority lien on certain assets of DT Midstream and its subsidiary guarantors that secure DT Midstream’s existing credit facilities and existing senior secured notes. DT Midstream intends to use the net proceeds from the sale of the Notes, together with the proceeds from its recently completed offering of common stock, borrowings under its revolving credit facility and cash on hand, to fund the consideration payable by DT Midstream in the previously announced, pending acquisition of all of the equity interests in Guardian Pipeline, L.L.C., Midwestern Gas Transmission Company and Viking Gas Transmission Company from ONEOK Partners Intermediate Limited Partnership and Border Midwestern Company (the “Pending Acquisition”). The Notes were sold in a private placement to persons reasonably believed to be “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States under Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. About DT Midstream DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The Company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a goal of achieving 30% of its carbon emissions reduction by 2030. Forward-Looking Statements This release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “intends,” “continues,” “forecasts,” “goals,” “strategy,” “prospects,” “estimate,” “project,” “scheduled,” “target,” “anticipate,” “could,” “may,” “might,” “will,” “should,” “see,” “guidance,” “outlook,” “confident” and other words of similar meaning. The absence of such words, expressions or statements, however, does not mean that the statements are not forward-looking. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted. This release contains forward-looking statements about DT Midstream’s intended use of proceeds and the Pending Acquisition. For additional discussion of risk factors which may affect DT Midstream’s results, please see the discussion under the section entitled “Risk Factors” in our Annual Report on Form 10-K and any other reports filed with the SEC. The above list of factors is not exhaustive. New factors emerge from time to time. DT Midstream cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not put any undue reliance on any forward-looking statements. Any forward-looking statements speak only as of the date on which such statements are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.CHATTANOOGA, Tenn., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NYSE: CVLG) (“Covenant” or the “Company”) announced today that its board of directors has declared a two-for-one stock split of Covenant’s Class A common stock and Class B common stock to make Covenant’s stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of Covenant’s Class A common stock and Class B common stock as of the close of business on December 20, 2024, the record date for the dividend. As a result of the dividend, each holder of a share of Covenant’s Class A common stock will receive one additional share of Class A common stock and each holder of a share of Covenant’s Class B common stock will receive one additional share of Class B common stock. In each case, the shares are expected to be distributed after the close of trading on December 31, 2024. Trading is expected to commence on a split-adjusted basis at market open on January 2, 2025. The stock dividend will not have any impact on the voting and other rights of stockholders. About Covenant Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset- based expedited and dedicated truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on the New York Stock Exchange under the symbol, “CVLG.” For further information contact: Paul Bunn, President PBunn@covenantlogistics.com Tripp Grant, Chief Financial Officer TGrant@covenantlogistics.com For copies of Company information contact: Brooke McKenzie, Executive Administrative Assistant BMcKenzie@covenantlogistics.comGhana opposition leader Mahama officially wins electionNEW YORK , Dec. 6, 2024 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. AWF , a closed‐end management investment company, declared on this date, December 6, 2024 , a one-time special income distribution of $0.0156 per share of Common Stock. The total distribution of $0.0156 is payable on January 17, 2025 to stockholders of record at the close of business on December 19, 2024 . Ex‐date will be December 19, 2024 . The distribution, which is deemed to be received by shareholders in 2024 for federal income tax purposes, represents a one-time special income distribution of $0.0156 so as to enable the Fund to comply with the Internal Revenue Code's minimum distribution requirements for the current year. AllianceBernstein Global High Income Fund, Inc. is managed by AllianceBernstein L.P. View original content: https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-special-distribution-302325252.html SOURCE AllianceBernstein Global High Income Fund, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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