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SCRANTON — Retailers across the region experienced strong seafood sales leading up to Christmas and expressed optimism for continued demand heading into New Year’s as prices leveled out and supply increased for most holiday favorites. Carl Pazzaglia, co-owner of South Side Seafood on Pittston Avenue in Scranton, noted supply has been good for everything expect king crab legs. “It got real expensive at the end of the year,” he said. “It wasn’t too bad until about three weeks to a month ago, then it really spiked. A lot has to do with the Russian embargo because a lot of king crab comes from Russia. Other than that, prices are pretty stable. Fish prices are good and shrimp prices have been great all year. In the middle of the year, they were probably the cheapest they’ve been in 15 years.” Pazzaglia added the recent cold weather didn’t stop customers from purchasing holiday delicacies. “Business has been strong,” he said. “It was 5 degrees and the line went down (the block) to the funeral home.” While the typical purchases are different for New Year’s, Pazzaglia expects another swarm of customers this week. “Christmas is a little different because of the seven fishes,” he said. “New Year’s is more shrimp, lobster, clams, scallops, and maybe swordfish or halibut – it’s more of the elite fish.” During more than three decades operating the shop with his brother, Pazzaglia developed a rapport with many people and enjoys cultivating new relationships. “We see a lot of the same faces and some of the kids who came in, now they’re in here with kids,” he said. Although the price of kind crab legs are up nearly $20 from last year, Pazzaglia feels customers understand the circumstances. “Last year, it was $36 a pound for the 6-9 lb. size and this year they’re $54.99,” he said. “The people have been patient – they understand we’re not gouging (them).” Mike Manzano, 56, of Scranton visited South Side Seafood on Christmas Eve to purchase clams, muscles, scallops, and calamari and though the costs were reasonable. “I think prices are just fine,” he said. “It seems about what I paid last year.” Jack Cooper, co-owner of Cooper’s Seafood House on North Washington Avenue in Scranton, also saw a big rush right before Christmas and expects the same in the days before New Year’s. “We’ve were real busy Monday and Tuesday,” he said. “Every year seems to be getting better. I don’t know why, but it is. I guess we’re getting more well known for it.” In addition to king crab legs and lobster tail, prepared foods including crabby pretzels, crab stuffed mushrooms, blue crab dip, seafood crepes, lobster mac and cheese also popular for New Year’s, Cooper said. The prices for soups and several types of fish – cod, haddock, sole, flounder, salmon, tuna – closely resemble last year however Cooper also noticed the jump in king crab legs – up at least $15 to $20 a pound to $55 for a 6-to-9 leg size, he said. “King crab really, really expensive, but it’s still selling, he said. “And, generally speaking, business is booming. People don’t seem to mind the increases on some of the products and we don’t raise prices unless we get prices raised on us.” Customers wait in the line at South Side Seafood in Scranton on Christmas Eve. (SEAN MCKEAG / STAFF PHOTOGRAPHER) Seafood sits in the case at South Side Seafood Tuesday, Dec. 24, 2024. (SEAN MCKEAG / STAFF PHOTOGRAPHER) Lobster tails are for sale at South Side Seafood in Scranton Tuesday, Dec. 24, 2024. (SEAN MCKEAG / STAFF PHOTOGRAPHER) Customers wait in the line at South Side Seafood in Scranton on Christmas Eve. (SEAN MCKEAG / STAFF PHOTOGRAPHER) Customers wait in the line at South Side Seafood in Scranton on Christmas Eve. (SEAN MCKEAG / STAFF PHOTOGRAPHER) Mark Bradigan, director of operations for Gerrity’s, which operates 10 supermarkets throughout Lackawanna, Luzerne and Northampton counties, has found warm and cold water lobster tails are typically the best sellers for New Year’s and their price is comparable last year. Gerrity’s is selling 8-9 oz. lobster tails for $14.99 – up from $13.99 a year ago, Bradigan said. Also, the price of snow crab clusters is up slightly from last year but Bradigan stressed it’s down significantly from several years ago when supply was scarce. “We have 5-8 oz. snow crab clusters for $8.99 a pound,” he said. “Customers were paying $9.99 to $11.99 in previous years.” Fish, which typically serves as the main course for Christmas Eve, also has a place at the New Year’s table and prices are comparable to last year, Bradigan said. “We sell a lot of fillets for New Year’s,” he said. “I think a lot of people try to start the new year off right by trying to eat healthy. We see a jump in salmon and fresh haddock.” For Jim Nixon, vice president and general manager of Valley Seafood on North Washington Street in Wilkes-Barre, seafood sales have been even better than usual this holiday season. “There has been more people than normal coming in and besides the staples like fresh haddock, clams and shrimp, there have been a lot more cold water lobster tails sold,” he said. “People want quality items and they’re willing to pay whatever the price is for them.” Jewel Silfies, a sales associate for Adelphia Seafood in Pottsville, noticed customers stopping in earlier than usual to beat the Christmas rush to buy haddock, crab, shrimp and dry scallops. “Those are our hot ticket items,” she said. “It was a little bit slower paced this year because of the day Christmas fell. We had people coming out multiple days in advance instead of just the 23rd and 24th.” Chris Brugger, assistant manager for Valley Hometown Market in Sugarloaf Twp., believes better prices helped sales in December. “We had a strong Christmas week, as far as seafood,” he said. “It was the traditional haddock that we sell a lot of, cod, lobster tails. I felt like we were cheaper this year and supply was plentiful. We have everything and we didn’t run out of anything.” Brugger anticipates lobster and clams will sell well leading up to New Year’s. “Everything is stocked and ready for this week’s business,” he said.
In a major financial move, Sanofi has announced its intention to invest approximately 1 billion euros to establish a new insulin production facility in Beijing. This would be the French pharmaceutical giant's largest single investment in China, constituting their fourth base in the country. Amid concerns over avian influenza, New Zealand has suspended its poultry exports after discovering the H7N6 variant of bird flu at a farm in Otago. Although different from the widely feared H5N1 strain, the detection has raised concerns about the potential for transmission. The U.S. Supreme Court is currently evaluating the FDA's decision to ban certain flavored vape products, considering their potential health risks to young people. This comes under scrutiny as appeals were made to assess if the FDA had followed correct legal protocols under federal law. Novocure announced promising results from its late-stage trial for a pancreatic cancer treatment, which uses Tumor Treating Fields technology. This innovative therapy, used alongside chemotherapy, has reportedly extended the lives of patients in the study. In the pharmaceutical sector, Novartis has reached a licensing agreement of up to $2.9 billion with PTC Therapeutics for its Huntington's disease drug. This development has seen a significant rise in PTC's share value, reflecting optimism in the biotech market. (With inputs from agencies.)Exactly how Elon Musk could back Farage and buy a huge say in UK politicsTORONTO , Nov. 27, 2024 /CNW/ - Blue Moon Metals Inc. (" Blue Moon ") MOON BMOOF , Nussir ASA (" Nussir ") and Nye Sulitjelma Gruver AS (" NSG ") are pleased to announce that the parties have entered into separate binding letters of intent (respectively, the " Nussir LOI " and the " NSG LOI " and collectively the " LOIs "), each dated November 27, 2024 , pursuant to which Blue Moon has agreed to acquire all of the issued and outstanding common shares of Nussir and NSG (respectively the " Nussir Transaction " and the " NSG Transaction " and collectively with the Concurrent Equity Financing as defined below, the " Transactions "). Both Nussir and NSG are private Norwegian companies with properties in northern Norway (the " Nussir Property " and the " NSG Property, " respectively). Blue Moon is acquiring a 100% interest in Nussir for US$55.3M and a 100% interest in NSG for US$12M , both to be satisfied in common shares of Blue Moon (the " Blue Moon Shares ") at a deemed price of C$0.30 per Blue Moon Share, which will be the same price per Subscription Receipt (as defined below) in the Concurrent Equity Financing (the " Blue Moon Deal Price "). NSG shareholders will also receive US$3M in cash milestone payments (the " Cash Milestone Payments ") related to permitting for tailings discharge followed by receipt of the operating permit for the NSG Property. Blue Moon will also complete a brokered private placement in tandem with the Nussir Transaction and the NSG Transaction at the Blue Moon Deal Price (the " Concurrent Equity Financing "). A maximum US$35.7M of new equity is being raised with the set minimum of US$21.4M by top tier global mining investors. More details on the Concurrent Equity Financing can be found below. Definitive agreements covering the Nussir Transaction and NSG Transaction will be executed at or prior to closing of the Concurrent Equity Financing. The implied equity value of the Transactions is approximately US$100 - $115 million on a fully-diluted in-the-money basis, with the range based on the low and high end of the Concurrent Equity Financing. At closing, existing Blue Moon, Nussir and NSG shareholders will own a minimum of 12%, 55% and 12%, respectively, of Blue Moon Shares outstanding on a fully-diluted in-the-money basis, assuming the low end of the Concurrent Equity Financing, or 10%, 48% and 10%, respectively, assuming the maximum proceeds are raised in the Concurrent Equity Financing. Some existing Blue Moon and Nussir shareholders will participate in the Concurrent Equity Financing and no one shareholder will own more than 20% of Blue Moon under any Concurrent Equity Financing scenario at closing. The transaction is subject to final acceptance by the TSX Venture Exchange ("TSXV"), as the Transactions are considered a "Reviewable Transaction" under the policies of the TSXV. As per TSXV requirements, trading of the Blue Moon Shares is halted and will remain halted until receipt of TSXV's approval of the Transactions, which is expected when a NI 43-101 technical report will be issued to Blue Moon on the Nussir Property, among other customary items. No vote of Blue Moon shareholders is anticipated, and closing is expected by the end of February 2025 . Nussir shareholders are required to achieve 90.1% shareholder support, which is expected to be received by the time the Concurrent Equity Financing closes. NSG has shareholder approval from 100% of their shareholders. Nussir and NSG are arm's length parties to each other, and Blue Moon is an arm's length party to both of them. No finder's fees are being paid in connection with the Transactions, other than the fees payable to the Agents (as described below) in connection with the Concurrent Equity Financing. Strategic Rationale for Blue Moon Provides immediate asset and geographic diversification with more emphasis on near term copper: Tier 1 jurisdiction covering all 3 projects; the United States and Norway are members of the Minerals Security Partnership (MSP), a US collaboration initiative that aims to secure the supply of critical raw materials including copper and zinc Addition of the low-cost brownfield Nussir Property copper-silver-gold mine is expected to significantly enhance Blue Moon's developing production profile: The Nussir Property is an underground development project with existing critical infrastructure located next to property (access, power, port, etc.). Open pit historical production was suspended in the 1970s. The construction of a decline is expected to begin in Q1-2025 Exploration ramp access is expected to start construction at both the Blue Moon property (the " Blue Moon Property ") and the NSG Property in 2025 or 2026. Production last occurred in the 1940s at the Blue Moon Property and in the early 1990s at the NSG Property Existing Mineral Resources of: Nussir Property (1) (2) Historical estimate of measured resources of 1.7 Mt at 1.16% Cu, 0.22 g/t Au and 13.3 g/t Ag and indicated resources of 31.8 Mt at 1.09% Cu, 0.13 g/t Au and 12.6 g/t Ag Historical estimate of inferred resources of 33.4 Mt at 1.16% Cu, 0.17 g/t Au and 16 g/t Ag Blue Moon Property (3) Indicated resources of 3.51 MT at 6.14% Zn, 0.75% Cu, 1.54 oz/T Ag, 0.05 oz/T Au and 0.24% Pb Inferred resources of 3.83 MT at 5.94% Zn, 0.59% Cu, 1.54 oz/T Ag, 0.05 oz/T Au and 0.34% Pb NSG Property (1)(4) Historical inferred resources of 29.4 Mt at 0.9% Cu and 0.17% Zn. Gold, silver and sulfur were not assayed for, but are expected to form a credit in the future All 3 projects have the potential to materially increase in size prior to a final mill construction decision: At the Nussir Property, Blue Moon is expecting to focus the next 18-months on 6 different opportunities aimed at increasing both shear-hosted and sediment hosted resources through primarily drilling from underground. Underground exploration potential is considered to be high At the Blue Moon Property, post maiden preliminary economic assessment release, expected in Q1-2025 (see October 10, 2024 press release), Blue Moon expects to focus on drilling off the existing volcanic massive sulphide resources with the aim of upgrading to reserve status from underground, and extending the deposit down dip. Underground exploration potential is considered to be high At the NSG Property, regional exploration activities through underground tunnels will aim to expand on the significant production history at multiple volcanic massive deposits between 1887 and 1991 Limited exploration dollars have been spent on all 3 projects for decades, and Nussir and NSG have never been exposed to the public markets The metallurgical response to simple flotation at both the Nussir Property and the Blue Moon Property is expected to be very positive Available infrastructure at all 3 projects with access to power, water, ports and underground infrastructure Blue Moon would anticipate that production decisions could be made once all 3 projects have substantially tested their exploration potential, from underground drilling, test mining, mineral sorting and by-product credit market analysis. Negligible royalties exist at Blue Moon, and 0.75% NSRs on both the Nussir Property and NSG Property, and no streams nor off-takes have been sold on any of the 3 projects. Precious metals are expected to contribute over 20% to the NSR of both the Nussir Property and the Blue Moon Property Re-rating opportunity is expected to result from increased scale, significantly enhanced growth profile and establishing a presence in an emerging, mining-friendly jurisdiction. Key personnel from the principals of Blue Moon will aim to build up a high-quality team to advance these projects and to become a significant base metals mining company Blue Moon's CEO, Christian Kargl-Simard , said: "This transaction will create a new copper-zinc development company located in Tier 1 jurisdictions, focused on critical metals for the western world. It presents the opportunity for us to leverage our technical expertise and strong access to capital markets to unlock value for all shareholders by advancing and developing multiple base metals projects. In a world where geopolitics and national security are front page topics in sourcing critical materials, we believe our foray into Europe and the United States is well timed. We plan on deploying the best available technologies on our projects and showing strong support for our communities and partner. First off though, it's time to show off results from the drill bit." About the Nussir Property Nussir is a privately held mining company incorporated under the laws of Norway , established in 2005. Its aim is to develop the Nussir Property copper-silver-gold mine located in northern Norway . Former open pit mining occurred at the mine during the 1970s in 4 shear-hosted open pits. Nussir has been focused on advancing a sedimentary hosted copper deposit on the same project with analysis, study work and permits granted over a 20-year period. SRK Consulting (UK) Limited completed an updated JORC-compliant feasibility study on the construction ready project in May 2023 with an initial capital cost estimated at US$101 million . Historical estimate of JORC-compliant resources exist as follows (SRK DFS Report dated May 2023 ): (1)(2) Measured resources of 1.7 Mt at 1.16% Cu, 0.22 g/t Au and 13.3 g/t Ag Indicated resources of 31.8 Mt at 1.09% Cu, 0.13 g/t Au and 12.6 g/t Ag Inferred resources of: 33.4 Mt at 1.16% Cu, 0.17 g/t Au and 16 g/t Ag High potential to increase global resources through: Upgrading undrilled areas of the ~10 km resource trend and infilling high-grade resource (+2% CuEq) areas that have seen limited drill density Defining the parallel zone at the Nussir Property, which does not currently have any resources, and could have meaningful strike length Drilling underneath the historical open pit production through the existing 2.5 km underground tunnel, and expanding resources that are open Drilling a geochemical anomaly between the historical open pits and the Nussir Property Groundbreaking ore sorting technology is being tested which could provide major reduction in waste, increase processing capacity and lower operating costs Blue Moon will be investigating all of these opportunities. With substantial drilling from the underground decline and test mining different options for tailings deposition will be investigated prior to completing a feasibility study and making a full construction decision. This work is projected to be the bulk of the use of proceeds from the Concurrent Equity Financing. About the NSG Property Blue Moon is excited about the copper potential of northern Norway , and the NSG Property would be the first new copper mine in the country in over 50 years. The NSG Property has some of the most attractive rocks in the country from a historical perspective, with the area at the NSG Property having hosted the largest mining operation in the country. The remaining deposits still constitute among the largest known deposit of copper in Norway and are expected to contain significant exploration upside. No resources exist as compliant with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (" NI 43-101 "), but the NSG Property has a historical estimate of inferred resources of: 29.4 Mt at 0.9% Cu and 0.17% Zn. Precious metals and sulfur have not been assayed but are expected to become a credit. (1)(4) Concurrent Equity Financing The Concurrent Equity Financing will be conducted by way of a brokered private placement of a minimum of 10,000,000 units and a maximum of 16,666,667 units (the " Units ") of Blue Moon at a price of C$3.00 per Unit for minimum gross proceeds of C$30,000,000 and maximum gross proceeds of C$50,000,000 , co-led by Cormark Securities Inc. and Scotia Capital Inc. on behalf of a syndicate of investment dealers (collectively, the " Agents ") Each Unit issued in the Concurrent Equity Financing will consist of 1 common share of Blue Moon (each, a " Unit Share ") and 9 subscription receipts (each, a " Subscription Receipt "), with 10% of the price per Unit allocated to the Unit Share underlying each Unit and 90% of the price per Unit allocated to the Subscription Receipts underlying each Unit. The proceeds allocated to the Unit Shares will be released to Blue Moon upon closing of the Concurrent Equity Financing, and will not be returned to the subscribers in the event the Escrow Release Conditions (as defined below), which include the completion of the Nussir Transaction, are not met. Upon completion of the Nussir Transaction, and subject to certain customary conversion conditions for a transaction of this nature (collectively, " Escrow Release Conditions "), each Subscription Receipt will convert into one common share of Blue Moon (each, an " Underlying Share ") without payment of additional consideration or further action on the part of the holder. Blue Moon has agreed to pay to the Agents a commission equal to 6.0% of the gross proceeds from the Concurrent Equity Financing, 50% of which will be placed in escrow (the " Escrowed Commission ") as described below. A President's List will also be part of the Concurrent Equity Financing with varying commissions depending on the potential subscriber, but none higher than 6.0%. The proceeds of the Concurrent Equity Financing, other than those proceeds allocated to the Unit Shares, and the Escrowed Commission (the " Escrowed Proceeds "), will be held in escrow pending satisfaction of the Escrow Release Conditions. Provided that the Escrow Release Conditions are satisfied or waived (where permitted) prior to 5:00 p.m. ( Toronto time) on February 27, 2025 , or prior to April 30, 2025 if Blue Moon shareholder approval is required by the TSXV, (the " Escrow Release Deadline "), the Escrowed Commission will be released to the Agents from the Escrowed Proceeds, the balance of the Escrowed Proceeds will be released to or as directed by Blue Moon, and the Subscription Receipts shall be automatically converted into Underlying Shares, without payment of any additional consideration or further action on the part of the subscribers. In the event that the Escrow Release Conditions are not satisfied by the Escrow Release Deadline, the Escrowed Proceeds, together with interest earned thereon, will be returned to the holders of the Subscription Receipts and such Subscription Receipts will be cancelled. The proceeds from the Unit Shares will be immediately released to Blue Moon to be used for general corporate purposes and advancement of the Blue Moon project, along with costs related to the Transactions. The proceeds from the Subscription Receipts will be primarily utilized for exploration decline development, underground exploration, and optimization studies at the Nussir Property, exploration permitting at the Blue Moon Property and the NSG Property, and general corporate purposes and working capital. The securities issued under the Concurrent Equity Financing will be subject to a statutory four-month hold period under applicable securities laws. Completion of the Concurrent Equity Financing does not provide a guarantee that the Transactions will be completed. The Concurrent Equity Financing must be closed by January 15 th and the overall Transactions closed by February 27, 2025 , as outside dates, unless extended by mutual agreement of the parties. Blue Moon intends to list on the Oslo Stock Exchange after closing of the Transactions. Conditions Precedent The closing of the Nussir Transaction is conditional on closing of the NSG Transaction and the conversion of Subscription Receipts is conditional on the Transactions closing. The closing of the NSG Transaction is conditional on the closing of the Nussir Transaction. Both Nussir and NSG are being acquired on a debt-free basis. The boards of directors of all 3 companies have unanimously approved the Transaction. The board of directors of the resulting issuer (the " Board ") shall include 3 existing directors of Blue Moon ( Christian Kargl-Simard , Maryse Bélanger and Haytham Hodaly ), two nominated by Nussir, being Francis Johnstone and Karin Thorburn , with one nominee of NSG to be nominated at the next scheduled shareholder meeting. Senior Officers of the resulting issuer will be Christian Kargl-Simard as Chief Executive Officer and Frances Kwong as Chief Financial Officer, with additional officers to be announced in due course. The existing JORC-compliant feasibility study on the Nussir Property will be restated and/or reconciled to be compliant with NI 43-101 prior to closing. A NI 43-101 compliant report on the NSG Property is also being prepared, but no determination has been made by the TSXV whether such a report will or will not be required for completion of the Transactions at this time. The following is the minimum escrow release policy for Blue Moon Shares to be issued to Nussir shareholders on closing of the Nussir Transaction: 50% release after 6 months and a following 50% release after 12 months. The following is the minimum escrow release policy for Blue Moon Shares to be issued to NSG shareholders on closing of the NSG Transaction: 50% release after 6 months and a following 50% release after 12 months. All securities issued under the Transactions may be subject to additional escrow requirements as determined by the TSXV. In addition to the required 90.1% Nussir shareholder approval, the Transaction is also subject to the satisfaction of certain other closing conditions customary for a transaction of this nature. The Transaction remains subject to Exchange approval in all respects on behalf of Blue Moon. The Transaction is expected to be completed by the end of February 2025 . Blue Moon Shares will remain halted for trading until closing of the Transaction. The definitive agreements (the " Definitive Agreements ") for the Nussir Transaction and the NSG Transaction, which will be signed upon closing of the Concurrent Equity Financing, will include representations, warranties, covenants, indemnities, termination rights and other provisions customary for a transaction of this nature. In particular, the Definitive Agreements will provide for customary deal protections, including non-solicitation covenants on the parties and a right of the other party to match any Superior Proposal (as defined in the Definitive Agreements). The Definitive Agreements will include a termination fee payable by the parties, under certain circumstances (including if the Definitive Agreements are terminated in connection with such parties pursuing superior proposals). Advisors and Counsel DLA Piper ( Canada ) LLP and Simonsen Vogt Wiig AS are acting as Blue Moon's Canadian and Norwegian legal advisors, respectively. CIBC Capital Markets is acting as financial advisor to Nussir. Fasken Martineau LLP and Arntzen de Besche are acting as Nussir' Canadian and Norwegian legal advisors, respectively. Qualified Persons Dustin Small , P. Eng., qualified person under NI 43-101, has approved the scientific and technical information related to the operations matters contained in this news release. Notes: (1) As at the date of this news release, a qualified person has not completed sufficient work to classify this historical estimate as current mineral resources or mineral reserves in accordance with NI 43-101 and Blue Moon is not treating the historical estimate as current mineral resources or mineral reserves. In order to verify the historical estimate, the Company needs to engage a qualified person to review the historical data, review any work completed on the property since the date of the estimate and complete a new technical report. Blue Moon views this historical data as an indicator of the potential size and grade of the mineralized deposits, and this data is relevant to Company's future plans with respect to the property. (2) The effective date of this estimate is December 31, 2020, and is contained in the "Nussir Feasibility Study 2023" dated May 2023 and prepared by Sabine Anderson, Richard Oldcorn and Guy Dishaw of SRK Consulting (UK) Limited. (3) The effective date of this estimate is October 27, 2023. For more information see the "Technical Report for the Blue Moon Mine, Township 4 South, Range 16 East MDB&M, Mariposa County, California" dated November 19, 2023 and prepared by Dr. Thomas A. Hendricksen, QP, CPG, and Scott Wilson, CPG. This is expected to be superseded by a NI 43-101 preliminary economic assessment and updated resource estimate in Q1-2025. (4) The effective date of this preliminary internal resource estimate is July 10, 2022, and is contained in the "Sulitjelma – Resource Estimation Memo" prepared by Adam Wheeler, dated July 10, 2022. About Blue Moon Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold, silver and copper. The property is well located with existing local infrastructure including paved highways three miles from site; a hydroelectric power generation facility a few miles from the site, a three-hour drive to the Oakland port and a four-hour drive to the service center of Reno. Zinc and copper are currently on the USGS list of metals critical to the US economy and national security. More information is available on the Company's website ( www.bluemoonmetals.com ). For further information: Blue Moon Metals Inc. Christian Kargl-Simard President, CEO and Director Phone: (416) 230 3440 Email: christian@bluemoonmetals.com Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release includes "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian and U.S. securities laws relating to, among other things, the anticipated benefits of the Transactions; the holdings of the existing Blue Moon, Nussir and NSG shareholders at closing of the Transactions; the participation of some Nussir and NSG shareholders in the Concurrent Equity Financing; that no single shareholder will own 20% of Blue Moon at closing; the strategic rationale for the Transactions; the growth potential of Blue Moon; Blue Moon's development plans for the Nussir Property, Blue Moon Property and NSG Property; the decisions regarding production; the creation of a new copper-zinc development company; deployment of the best available technologies on the projects; the exploration potential at the Nussir Property; the anticipated use of the proceeds of the Concurrent Equity Financing; the conversion of the Subscription Receipts; the anticipated timing of closing of the Concurrent Equity Financing; the listing of Blue Moon on the Oslo Stock Exchange and the timing thereof; the entry into the Definitive Agreements; the composition of the Board following closing of the Transactions; the receipt of all required approvals for closing of the Transactions, including the 90.1% Nussir shareholder approval; the ability of the parties to satisfy the other conditions to the closing of the Transactions; the anticipated timing for closing of the Transactions; the restatement and/or reconciliation of the technical report on the Nussir Property to be compliant with NI 43-101; and that the technical report for the Blue Moon Property will be superseded by a NI 43-101 preliminary economic assessment and updated resource estimate, and the timing thereof. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance. We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents expectations as of the date of this news release and are subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein. Forward-looking information is provided herein for the purpose of giving information about the Transactions referred and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes. Completion of the Transactions is subject to customary closing conditions, termination rights and other risks and uncertainties including 90.1% Nussir shareholder approval. Accordingly, there can be no assurance that the Transactions will occur, or that it will occur on the terms and conditions contemplated in this news release. The Transactions could be modified, restructured or terminated. There can also be no assurance that the strategic benefits expected to result from the Transactions will be fully realized. In addition, if the transaction is not completed, and each of the parties continues as an independent entity, there are risks that the announcement of the Transactions and the dedication of substantial resources of each party to the completion of the Transactions could have an impact on such party's current business relationships (including with future and prospective employees, customers, distributors, suppliers and partners) and could have a material adverse effect on the current and future operations, financial condition and prospects of such party. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca . SOURCE Blue Moon Metals Inc. View original content: http://www.newswire.ca/en/releases/archive/November2024/27/c7574.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
By Laurie Baratti, TravelPulse A recent survey conducted by the Global Rescue Traveler Sentiment and Safety Survey highlights the influence of the recent U.S. elections on Americans’ international travel plans for 2025. The findings show a mix of enthusiasm and caution among travelers regarding their future global itineraries. Approximately 30% of respondents indicated they expect to increase their international trips next year, while 7% foresee scaling back on foreign travel. However, the majority — 55% — anticipate no significant changes to their plans despite the election outcome. The reasons behind increased international travel are varied. Some respondents cited dissatisfaction with the election results as a driving factor, expressing a strong desire to spend more time abroad. One traveler remarked, “I want to spend as much time as possible outside the U.S. over the next four years.” For others, optimism about a potential post-election economic boost played a pivotal role. “The economy should show signs of improvement, and if the new administration can make peace deals around the world, then travel will be as good or better next year,” shared another participant. Conversely, those who reported no change in their travel plans pointed to stable financial conditions. With inflation at its lowest point in three years, many travelers have already secured their 2025 travel arrangements. “I have a general feeling of being better off and secure. I anticipate increased disposable income available, and I’m already booked for 2025,” stated one respondent. Economic factors appear to be bolstering travel confidence overall. Dan Richards, CEO of The Global Rescue Companies and a U.S. Travel and Tourism Advisory Board member, explained: “With inflation at a three-year low, fewer travelers are canceling or postponing trips. In 2024, travelers embarked on their long-postponed dreams of global travel, fueled by a stabilizing economy and a renewed focus on meaningful experiences over material possessions.” Still, a small proportion of respondents (7%) plan to travel less internationally in the coming year, citing personal safety concerns tied to the U.S. elections. “The change of U.S. administration makes me more apprehensive about being in a foreign country with the risk of anger and animosity toward Americans being higher,” one participant admitted. Others attributed their hesitance to ongoing geopolitical tensions, including conflicts and terrorist threats worldwide. ©2024 Northstar Travel Media, LLC. Visit at travelpulse.com. Distributed by Tribune Content Agency, LLC.
Hegseth meets with moderate Sen. Collins as he lobbies for key votes in the SenateFor many women, words from an emboldened fringe of “manosphere” influencers who have seized on Republican Donald Trump ’s presidential win to amplify misogynistic derision and threats online represent a worrying harbinger of what might lie ahead as some men perceive the election results as a rebuke of reproductive and women’s rights. Many of those right-wing influencers have appropriated a 1960s abortion rights rallying cry, declaring “Your body, my choice” at women online and on college campuses. Isabelle Frances-Wright, director of technology and society at the Institute for Strategic Dialogue , a think tank focusing on polarization and extremism, said she had seen a “very large uptick in a number of types of misogynistic rhetoric immediately after the election,” including some “extremely violent misogyny.” The phrase “Your body, my choice” has been largely attributed to an Election Day post on the social platform X from Nick Fuentes, a Holocaust-denying white nationalist and far-right internet personality who dined at Trump’s Mar-a-Lago club in Florida two years ago (In statements responding to criticism of that event, Trump said he had “never met and knew nothing about” Fuentes before he arrived). Mary Ruth Ziegler, a law professor at the UC Davis School of Law, said the phrase transforms the iconic abortion rights slogan into an attack on women. “The implication is that men should have control over or access to sex with women,” said Ziegler, a reproductive rights expert. Fuentes’ post had 35 million views on X within 24 hours, according to a report by Frances-Wright’s think tank. The phrase spread rapidly to other social media platforms. Women on TikTok have reported seeing it inundate their comments. The slogan also has made its way offline with boys chanting it in middle schools or men directing it at women on college campuses, according to the Institute for Strategic Dialogue report and social media posts. School districts have sent notices about the language to parents. T-shirts emblazoned with the phrase were pulled off Amazon. Sadie Perez, a 19-year-old political science student in Wisconsin, said she has seen men respond to shared Snapchat stories for their college class with “Your body, my choice.” “It makes me feel disgusted and infringed upon,” she said. “... It feels like going backwards.” Misogynistic attacks have been part of the social media landscape for years. But Frances-Wright and others who track online extremism and disinformation said language glorifying violence against women or celebrating the possibility of their rights being stripped away has spiked since the election. Online declarations for women to “Get back in the kitchen” or to “Repeal the 19th,” a reference to the constitutional amendment that gave women the right to vote, have spread rapidly. In the days surrounding the election, the extremism think tank, which has an office in Washington D.C., found that the top 10 posts on X calling for repeal of the 19th Amendment received more than 4 million views collectively. A man holding a sign with the words “Women Are Property” sparked an outcry at Texas State University . The man was not a student, faculty or staff, and was escorted off campus, according to the university’s president . Anonymous rape threats have been left on the TikTok videos of women denouncing the election results. And on the far-flung reaches of the web, 4chan forums have called for “rape squads” and the adoption of policies in “The Handmaid’s Tale,” a dystopian book and TV series depicting the dehumanization and brutalization of women. “What was scary here was how quickly this also manifested in offline threats,” Frances-Wright said, emphasizing that online discourse can have real-world impacts. Previous violent rhetoric on 4chan has been connected to racially motivated and antisemitic attacks, including a 2022 shooting by a white supremacist in Buffalo that killed 10 people . We have launched our year-end campaign. Our goal: Raise $50,000 by Dec. 31. Help us get there. Times of San Diego is devoted to producing timely, comprehensive news about San Diego County. Your donation helps keep our work free-to-read, funds reporters who cover local issues and allows us to write stories that hold public officials accountable. Join the growing list of donors investing in our community's long-term future. The Global Project Against Hate and Extremism reported similar rhetoric, with “numerous violent misogynistic trends” gaining traction on right-wing platforms such 4chan and spreading to more mainstream ones such as X since the election. Throughout the presidential race, Trump’s campaign leaned on conservative podcasts and tailored messaging toward disaffected young men . As Trump took the stage at the Republican National Convention over the summer, the song “It’s A Man’s Man’s Man’s World” by James Brown blared from the speakers. One of several factors to his success this election was modestly boosting his support among men , a shift concentrated among younger voters, according to AP VoteCast, survey of more than 120,000 voters nationwide. But Trump also won support from 44% of women age 18 to 44, according to AP VoteCast. To some men, Trump’s return to the White House is seen as a vindication, gender and politics experts said. For many young women, the election felt like a referendum on women’s rights and Democratic Vice President Kamala Harris ’ loss felt like a rejection of their own rights and autonomy. “For some of these men, Trump’s victory represents a chance to reclaim a place in society that they think they are losing around these traditional gender roles,” Frances-Wright said. None of the current online rhetoric is being amplified by Trump or anyone in his immediate orbit. But Trump has a long history of insulting women , and the spike in such language comes after he ran a campaign centered on masculinity with repeated attacks on Harris over race and gender . “With Trump’s victory, many of these men felt like they were heard, they were victorious,” said Dana Brown, executive director of the Pennsylvania Center for Women and Politics. Brown said some young men feel they’re victims of discrimination and have expressed mounting resentment for successes of the women’s rights movement, including #MeToo . The tension also has been influenced by socioeconomic struggles. As women become the majority on college campuses and many professional industries see increasing gender diversity, it has “led to young men scapegoating women and girls, falsely claiming it’s their fault they’re not getting into college anymore as opposed to looking inward,” Brown said. Get Our Free Daily Email Newsletter Get the latest local and California news from Times of San Diego delivered to your inbox at 8 a.m. daily. Sign up for our free email newsletter and be fully informed of the most important developments. Sign Up (adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({});