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Business Upturn
2 hours ago
- Business Upturn
Mercer further improves Sustainalytics ESG Risk Rating, ranking in the top 15% globally
NEW YORK, July 02, 2025 (GLOBE NEWSWIRE) — Mercer International Inc. ('Mercer' or the 'Company') (Nasdaq: MERC), a global forest products company with operations in Germany, the U.S., and Canada, announces that it has received an updated ESG Risk Rating of 16.8 from Sustainalytics. This updated score reflects continued improvement from its 2024 rating of 17.4, underscoring Mercer's ongoing progress and commitment to ESG risk management. 'This improvement in our ESG Risk Rating reflects the tangible progress we've made in managing material sustainability risks across our operations. It underscores our strategy to create long-term value by positioning the Company to support a more sustainable, circular economy,' stated Juan Carlos Bueno, President and CEO of Mercer. The Sustainalytics ESG Risk Rating assesses a company's exposure to industry-specific ESG risks and its management of those risks. Ratings are classified across five categories: negligible (under 10), low (10–20), medium (20–30), high (30–40), and severe (40+). Mercer remains in the 'low' risk category and now ranks in the top 15th percentile in the global Paper and Forestry industry sector. In this latest assessment, Mercer achieved a 'Strong' management rating across all material ESG issues and maintained 'Low' or 'Negligible' risk ratings in key areas, including emissions, effluent, waste, land use, biodiversity, occupational health and safety, and corporate governance. These results reflect Mercer's transparent and increasingly comprehensive sustainability disclosures, as well as its ongoing improvement in environmental performance and commitment to social responsibility. 'Our improved rating reflects tangible progress in how we manage key ESG risks—especially in emissions tracking, permitting, governance, and oversight. These are measurable areas where our teams have elevated performance and consistency across operations,' highlighted Bill Adams, Mercer's Chief Sustainability Officer. To learn more about Mercer's approach to sustainability and risk management, including our latest ESG disclosures and performance data, please visit our website at . About Mercer International Inc. Mercer International Inc. is a global forest products company with operations in Germany, the USA, and Canada. Its consolidated annual production capacity is 2.1 million tonnes of pulp (air-dried tonnes, ADTMs), 960 million board feet of lumber, 210 thousand cubic meters of CLT, 45 thousand cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels. For further information on the company, please visit its website at . About Morningstar Sustainalytics Morningstar Sustainalytics is a leading ESG data, research, and ratings firm that supports investors around the world with the development and implementation of responsible investment strategies. For more than 30 years, the firm has been at the forefront of developing high-quality, innovative solutions to meet the evolving needs of global investors. Today, Morningstar Sustainalytics works with hundreds of the world's leading asset managers and pension funds who incorporate ESG information and assessments into their investment processes. The firm also works with hundreds of companies and their financial intermediaries to help them consider material sustainability factors in policies, practices, and capital projects. Morningstar Sustainalytics has analysts around the world with varied multidisciplinary expertise across more than 40 industry groups. For more information, visit About Morningstar Sustainalytics ESG Risk Ratings Morningstar Sustainalytics' ESG Risk Rating measures a company's exposure to industry-specific material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of overall ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics' ESG Risk Rating provides a quantitative measure of unmanaged ESG risk and distinguishes between five levels of risk: negligible, low, medium, high, and severe. Learn more about the ESG Risk Ratings here: . This press release contains information developed by Sustainalytics ( Such information and data are proprietary of Sustainalytics and/or its third-party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project nor investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at Forward-Looking Statements The preceding includes forward-looking statements that involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results. Words such as 'expects', 'anticipates', 'are optimistic that', 'projects', 'intends', 'designed', 'will', 'believes', 'estimates', 'may', 'could' and variations of such words and similar expressions are intended to identify such forward-looking statements. Among those factors which could cause actual results to differ materially are the following: the highly cyclical nature of our business, raw material costs, our level of indebtedness, competition, foreign exchange and interest rate fluctuations, our use of derivatives, expenditures for capital projects, environmental regulation and compliance, disruptions to our production, market conditions and other risk factors listed from time to time in our SEC reports. APPROVED BY: William D. McCartney Chairman of the Board +1 604 684-1099
Business Wire
3 hours ago
- Business Wire
Western Metallica Announces Share Consolidation
TORONTO--(BUSINESS WIRE)--Western Metallica Resources Corp. (TSXV: WMS) (' Western Metallica ' or the ' Company ') announces, subject to the approval of the TSX Venture Exchange (the "TSXV"), that it will be undertaking a consolidation (the "Consolidation") of its issued and outstanding Common Shares on the basis of ten (10) pre-Consolidation, existing, Common Shares for one (1) post-Consolidation Common Share. The Company expects that the Consolidation will enhance the marketability of the Common Shares as an investment and facilitate the completion of financings intended to fund future operations. The Company currently has 82,561,975 Common Shares issued and outstanding. Following the Consolidation, the Company expects to have 8,256,199 Common Shares issued and outstanding. No fractional Common Shares will be issued, fractions of less than one-half of a Common Share will be cancelled and fractions of at least one-half of a Common Share will be converted to a whole Common Share. Each shareholder's percentage ownership in the Company and proportional voting power remains unchanged after the Consolidation, except for minor changes and adjustments resulting from the treatment of any fractional Common Shares. Outstanding options, warrants and other rights to acquire Common Shares will likewise be adjusted according to the terms of the Consolidation. The Company anticipates its Common Shares will commence trading on a post-Consolidation basis on the Toronto Stock Venture Exchange (the " TSXV") at market open on July 7, 2025. The new CUSIP number for the post-Consolidation Common Shares will be 95861P201 and the new ISIN number will be CA95861P2017. The name of the Company and trading symbol will remain the same after the Consolidation. The Consolidation has been approved by shareholders at the Company's Annual General and Special Meeting held on June 9 th, 2025 (refer to news release dated June 9 th, 2025) as well as its Board of Directors. About Western Metallica Resources Corp. Western Metallica is an Ontario registered company with its head office in Toronto, Ontario, trading on the TSX Venture Exchange under symbol WMS. Western Metallica is in the business of mineral resource exploration and development with interests in various projects including its 100% owned Nueva Celti Copper Property in the Ossa Morena belt in Andalusia, Spain, and three other gold projects located in the 'Navelgas Gold Belt' in Asturias, Spain (Penedela, Valledor and Sierra Alta). Further information of the Company can be found at: Cautionary Notes The TSXV has neither approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
Business Wire
3 hours ago
- Business Wire
Faraday Future to Highlight U.S. Innovation and Trade Policy Goals at Private Capitol Hill Reception in Washington, D.C. on July 23
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) ('Faraday Future,' 'FF' or the 'Company'), a California-based global shared intelligent electric mobility ecosystem company, today announced that it will host a private reception on Wednesday, July 23 rd, 2025, at the Capitol Hill Club in Washington, D.C., to highlight U.S. innovation and alignment with current trade policy goals. 'We look forward to joining policymakers and thought leaders in D.C. for an evening of shared ideas and forward-looking discussion,' said Matthias Aydt, Global Co-CEO of Faraday Future. 'This reception reflects our ongoing investment in American EV leadership and our desire to work collaboratively toward policy solutions that enable growth and innovation.' The invitation-only event will bring together Members of Congress, senior Administration Officials, and key industry stakeholders for a relaxed, interactive evening highlighting FF's next generation electric vehicle (EV) innovations and its commitment to strengthening domestic manufacturing. The reception is designed to foster strategic relationships and elevate public discourse around trade and American competitiveness, with a focus on the future of U.S.-based EV production. The event will begin at 5:00 PM on the third floor of the Capitol Hill Club, located at 300 First Street, SE. The format will remain relaxed with light food and hors d'oeuvres served throughout the evening, creating space for meaningful conversations between Company leaders and key policy makers. The reception may also feature an on-site display of Faraday Future's flagship FF 91 2.0 and the Company's new FX Super One MPV, offering an up-close look at the Company's AI-driven mobility platforms and design innovations. The reception is part of FF's broader strategy to amplify the Company's voice in policy discussions and reinforce its role in shaping the future of intelligent electric vehicle transportation in the United States. ABOUT FARADAY FUTURE Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company's mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future's flagship model, the FF 91, exemplifies its vision for luxury, innovation, and performance. The FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91, targeting a broader market with middle-to-low price range offerings. FF is committed to redefining mobility through AI innovation. Join us in shaping the future of intelligent transportation. For more information, please visit FORWARD-LOOKING STATEMENTS This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'plans,' 'desire,' 'believes,' 'seeks,' 'may,' 'will,' 'should,' and 'future,' variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding production capacity expansion, the FX brand, the Super One MPV, future FX models, future FX reservations, expansion into new states and markets, and production and sales goals, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
