Iron Ore Tops $100 for First Time Since May on China Sentiment
Futures were up more than 1%, heading into triple figures for the first time since May. The steel-making ingredient has recovered over the past few weeks as Chinese officials pledged to tackle excessive competition and outdated capacity, as well as deliver additional property-led policy measures.
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PCAOB permanently revokes Hong Kong company's registration over audit violations
The US Public Company Accounting Oversight Board (PCAOB) has permanently revoked the registration of Hong Kong-based Centurion ZD CPA & Co and barred its owner, Chan Kam Fuk, for violating audit rules. The action is related to their audit work for companies operating in China, including Luckin Coffee. Centurion ZD CPA & Co and Chan have been sanctioned with a $75,000 civil penalty for failing to perform adequate risk assessments and obtain sufficient audit evidence in audits for three companies. According to the PCAOB, these failures were evident in the 2021 audit of Luckin Coffee, following a 2020 investigation revealing fabricated transactions by Luckin. Despite Luckin Coffee's previous settlement of accounting fraud charges with the US Securities and Exchange Commission, Centurion ZD CPA & Co did not adequately address fraud risks in subsequent audits, the organisation said. The PCAOB's sanctions include a permanent revocation of the company's registration and a permanent bar against Chan. The company and Chan's violations extended to audits of a second Chinese company and audit procedures for subsidiaries of a Malaysian company. It said that they failed to obtain sufficient audit evidence and did not make required communications to audit committees, violating PCAOB standards. The PCAOB found further violations in how the company reported audits of two Chinese public companies, failing to comply with PCAOB rules in filing necessary forms. Chan was held directly responsible for these audit reporting violations. The company's numerous violations indicate a lack of quality control, and failing to ensure personnel had the required technical proficiency and that professional standards were met. Without admitting or denying the findings, Chan and the company consented to the PCAOB's order. Recently, the PCAOB imposed sanctions on PWR CPA over violations of its rules during the 2022 audit of Ainos. Additionally, the company faced repercussions for consistently failing to meet reporting requirements in audits of four other issuers. "PCAOB permanently revokes Hong Kong company's registration over audit violations " was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
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Red Pine Completes 2024–25 Drilling Program & Initiates Preliminary Economic Assessment Work at Wawa Gold Project
TORONTO, July 23, 2025 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ('Red Pine' or the 'Company') is pleased to announce the completion of its 2024-25 drilling program at the Wawa Gold Project. The drilling program commenced in November 2024 and was completed at the end of June 2025. It consisted of 69 completed drill holes totaling 24,574.5 metres ('m'). Additional assays are pending. The 2024-25 drilling program achieved its two primary goals: Strengthen geological database to evaluate potential starter open pits in two near-surface areas of the Jubilee Shear with 9,000 m of the 25,000 m program of infill drill holes (see Figure 1) 45.38 grams per tonne of gold ('g/t Au') over 3.13 m core length, including 141.00 g/t Au over 0.88 m (see press release of June 18, 2025) 1.86 g/t Au over 19.09 m, including 4.28 g/t Au over 4.88 m (see press release of June 18, 2025) 14.51 g/t Au over 4.81 m, including 90.40 g/t Au over 0.67 m (see press release of May 12, 2025) Test the overall size potential of the gold system of the Wawa Gold Project beyond the 2024 Mineral Resource Estimate ('2024 MRE') with significant step-outs, over 600 m, from known areas of mineralization (see Figure 1) 5.68 g/t Au over 10.72 m, including 19.05 g/t Au over 2.00 m (see press release of March 20, 2025) 8.41 g/t Au over 1.67 m, including 14.9 g/t Au over 0.92 m (see press release of February 19, 2025) The newly discovered gold zone at depth that could extend over 940 m Preliminary Economic Assessment ('PEA') work has commenced on the Wawa Gold Project: An environmental and permitting consultant with over 25 years of experience has been engaged. Baseline studies, to support operational design and permitting, have commenced. As a result of the financing completed on July 9, 2025, Red Pine is fully funded to complete PEA in early H1 2026 and commence the baseline studies. Michael Michaud, President and CEO of Red Pine commented: 'We are pleased with the completion of our planned 25,000 m drilling program; it has not only significantly expanded the size potential of the Wawa gold deposit, but it has also better defined the near surface mineralization providing confidence for our review of the starter pit development scenario that is ongoing. This drilling is the first step in assessing the potential of a starter open pit operation that would provide an incremental approach towards a larger open pit or underground operation. We anticipate the completion of a PEA in early H1 2026 that will outline a development scenario for the project and ultimately highlight the value of the deposit. With the successful completion of the recent financing, we are now fully funded to complete the PEA and commence the baseline studies required for the permitting process.' Ongoing Activities The Company is now working on technical and baseline studies to support operation design and permitting. This work includes metallurgical testing and geotechnical work, mine design work, updating the 2024 MRE, as well as studies covering surface water and ground water, terrestrial and aquatic life, and the geochemical characterization of the mineralized and of the waste rocks from the deposits. For guidance and advice during the permitting process, the Company has retained an environmental and permitting consultant with over 25 years of experience in environmental assessments, permitting, compliance, training, and education. Quality Assurance/Quality Control ("QA/QC") Measures Individual drill core samples are labelled and split in half along a pre-marked cutting line using a diamond saw. A consistent half-core sample is then placed in an individual plastic sample bag that is sealed. The remaining half-core samples are kept at the core storage facility of the Company located on the Wawa Gold project. Quarter-core duplicates are taken from certain samples to define the variability of gold distribution. Groups of samples are then placed into durable rice bags sealed with security seals to be transported using a commercial carrier for analysis to Actlabs in Ancaster, Ontario. NQ core assays were obtained by 50-gram fire-assaying-AA finish or by 1-kilogram screen fire assay. The 1-kilogram screen assay method is selected for samples anticipated to contain coarse gold and when the fire-assay-AA finish return results greater or equal to 2.25 g/t Au. The residual coarse reject portions of the samples remain in storage for a minimum 90-day period if further work or verification is needed. As part of its QA/QC program, Red Pine inserts external gold standards (low- to high-grade) and blanks every 20 samples and routinely insert blanks immediately after samples with visible gold. Quarter core duplicates are routinely inserted to evaluate the natural variability of gold mineralization. Assay certificates are sent to at least three members of the senior management team, and they are directly accessible from the WebLIMS portal of Actlabs. Approximately 5% of the pulps and coarse rejects analyzed at Actlabs are sent to Agat Laboratories in Thunder Bay for umpire testing. Qualified Person Jean-Francois Montreuil, and Vice President, Exploration of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release. About Red Pine Exploration Inc. Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's shares trade on the TSX Venture Exchange under the symbol "RPX" and on the OTCQB Markets under the symbol 'RDEXF'. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. The Company's land package hosts numerous historic gold mines and is over 7,000 hectares in size. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region. For more information about the Company, visit Or contact: Michael Michaud, President and Chief Executive Officer, at (416) 364-7024 or mmichaud@ Manish Grigo, Director of Corporate Development, at (416) 569-3292 or mgrigo@ 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 Note Regarding Forward-Looking Information This news release contains statements which constitute 'forward-looking information' within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions. Forward-looking information contained in this news release includes, but may not be limited to, statements regarding the potential of the newly discovered high-grade shoot to extend over more than 940 m; the potential of a starter open pit operation that would provide an incremental approach towards a larger operation; the completion of a PEA in early H1 2026 that will outline a development scenario for the project and ultimately highlight the value of the deposit; and technical and baseline studies being conducted to support operation design and permitting. . Investors are cautioned that forward-looking information is not based on historical facts but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Such opinions, assumptions and estimates are inherently subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are: the Company's expectations in connection with the projects and exploration programs being met, the impact of general business and economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar versus the United States Dollar), variations in ore grade or recovery rates, changes in accounting policies, changes in the Company's mineral reserves and resources, changes in project parameters as plans continue to be refined, changes in project development, construction, production and commissioning time frames, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power, labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and weather, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims, and limitations on insurance. This information contained in this news release is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including the Company's financial statements and related MD&A for the year ended July 31, 2024, and the interim financial reports and related MD&A for the period ended January 31, 2024, April 30, 2024, October 31, 2024, January 31, 2025 and April 30, 2025, filed with the securities' regulatory authorities in certain provinces of Canada and available at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. Figure 1: Longitudinal section (looking west) showing the gold mineralization in red grading greater than 1.6 g/t Au, several select assay results from recent drilling, and the 2024 MRE open pit shell and potential starter pit shells.
Yahoo
2 minutes ago
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HEIDELBERG to acquire POLAR Mohr brand rights and technology
German engineering company Heidelberger Druckmaschinen (HEIDELBERG) has finalised an agreement with the POLAR Group to acquire the technology, intellectual property (IP), and brand rights associated with the POLAR Mohr brand, along with additional assets. This transaction is anticipated to be completed within the coming weeks. Upon completion, HEIDELBERG will gain exclusive global sales, service, and marketing rights for POLAR Mohr's post-press products. This acquisition is set to strengthen HEIDELBERG's position as a systems integrator in the packaging market, particularly in growth regions such as Asia, South America, and the Middle East. The partnership between HEIDELBERG and POLAR Mohr, which dates back to the 1950s, has seen POLAR Mohr developing and manufacturing systems while Heidelberg has managed significant sales and service activities. HEIDELBERG plans to incorporate POLAR Mohr's postpress systems into its solutions portfolio, focusing on automation, digitalisation, and workflow integration to enhance productivity in packaging and label production. The POLAR Group's companies, under the ownership of SOL Capital Management, will continue to collaborate with HEIDELBERG for the future development, production, and assembly of POLAR Mohr systems. HEIDELBERG CEO Jürgen Otto said: 'HEIDELBERG is aiming to achieve targeted growth through M&A [merger and acquisition] activities in attractive market segments. 'This acquisition underscores our credentials as a full-range supplier for our customers in the packaging and label industry, including service, and gives us exclusivity in a growing market. 'As a systems integrator, we cover the entire value chain of a packaging print shop - on a fully integrated and networked basis - to ensure production is highly productive. POLAR Mohr systems play a key role in this context.' "HEIDELBERG to acquire POLAR Mohr brand rights and technology" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
