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Saint Andrews property owners speak out against wharf refurbishment plan

Saint Andrews property owners speak out against wharf refurbishment plan

Yahoo18-06-2025
Some property owners in Saint Andrews are speaking out against a plan to refurbish the Market Wharf, although the design was chosen by the public in a community vote.
The wharf, long overdue for repairs, is central to both tourism and industry in the area. Two years ago, the town voted on a design they felt would best reinforce the existing structure.
But property owners near the wharf are fearful the chosen design may cause damage to their own properties and are awaiting the results of a study to assess the environmental impact of the project.
Cindy Kohler lives just a few coastal properties away from the wharf and is concerned about erosion and sediment damage from the refurbishment.
WATCH | 'There's pros and cons on both sides,' acting mayor says:
"It's really frustrating," Kohler said. "They're just looking into the environmental study but it's very late in the game and it's something that should have been done in the beginning."
Kohler is worried about the amount of infill for the wharf extensions, which will add a significant chunk of solid rock and steel on the existing mudflat.
She said severe storms cause water levels to rise significantly on her property and thinks the infill would only worsen flooding in the future.
"The former mayor said that we own waterfront property and we should be taking care of it in our own way, that erosion is going to happen regardless," said Kohler. "We do have a good seawall here and we have taken care of it."
Kohler is not alone in her concerns. Matt Abbott, the Fundy Bay Keeper with the Conservation Council of New Brunswick, said the concerns are legitimate and bring a whole new set of challenges to this coastal community.
"When we build hard infrastructure like infill for a wharf and we change where the energy from the tides are flowing, we can have an impact on that coast," said Abbott.
The Conservation Council is concerned that not enough has been done to get an accurate prediction of the consequences of this chosen design.
"Wharves are long lasting infrastructure, so you only get to make that design decision once," said Abbott. "I know they're in a tricky situation so I think it's wise to take some time."
The design of the refurbishment was selected using a community voting process, but the final decision to go ahead with this project still lies with town council.
The town recently hired an engineering firm to assess the concerns of property owners.
"We hope that doing this mitigation and the Gemtec study we will know whether or not that will impact the people who have come forward," saysKate Akagi the acting mayor of Saint Andrews. "Right now, we don't know whether it will or it won't."
Gemtec is a New Brunswick-founded multi-engineering firm that specializes in areas such as environmental engineering.
"[The property owners] are allowed to voice their opinion and we're going to listen," Akagi said. "They just need to know that holding it back, we are going to miss another tourist season which is not good for our community."
The town received $5.4 million from the federal and provincial governments for the refurbishment. The town will cover the remainder of the estimated $7 million price tag.
"We need to be doing the wharf, we hope, before 2026 or we lose our funding," Akagi said. "Not that we won't get it again but we will have to reapply, so it will be a long process once again."
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Graphano Announces Private Placement
Graphano Announces Private Placement

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Graphano Announces Private Placement

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There is an offering document dated August 15, 2025, related to the Private Placement that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read this offering document before making an investment decision. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. 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ON BEHALF OF THE BOARD OF DIRECTORS Luisa MorenoChief Executive Officer and Director E: info@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements: This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, statements regarding the completion, size, terms and timing of the Company's proposed Private Placement under the Listed Issuer Financing Exemption, the intended use of proceeds of the Private Placement, and the receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Graphano, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the risk that the Private Placement may not be completed as currently proposed or at all, that the Company may not receive all necessary regulatory approvals, including TSX Venture Exchange acceptance, that the Company may not be able to secure sufficient subscriptions under the Private Placement, and that the use of proceeds of the Private Placement may differ from those stated. 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Sagicor Financial Co Ltd (SGCFF) Q2 2025 Earnings Call Highlights: Record Core Earnings and ...
Sagicor Financial Co Ltd (SGCFF) Q2 2025 Earnings Call Highlights: Record Core Earnings and ...

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Sagicor Financial Co Ltd (SGCFF) Q2 2025 Earnings Call Highlights: Record Core Earnings and ...

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Quantum Stocks Q2 2025: Are D-Wave, IonQ & Rigetti Funding the Future?
Quantum Stocks Q2 2025: Are D-Wave, IonQ & Rigetti Funding the Future?

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Quantum Stocks Q2 2025: Are D-Wave, IonQ & Rigetti Funding the Future?

As second-quarter 2025 earnings rolled in, three pure-play quantum computing companies, D-Wave Quantum QBTS, Rigetti Computing RGTI and IonQ IONQ, offered a snapshot of an industry that moves at light speed but still sees profitability as a distant horizon. The trio's results revealed a common storyline, strong sales, bigger losses and huge cash reserves to fund the next big step in quantum computing. D-Wave D-Wave Quantum's second-quarter 2025 revenues rose 42% year over year, driven by Advantage2 quantum processing unit sales, including the system installed at Julich Supercomputing Center earlier this year. The company expanded its customer base with contracts from GE Vernova, Nikon and NTT DOCOMO, and strengthened global ties through partnerships in South Korea. Technological progress included an open-source PyTorch toolkit and quantum-assisted image generation demos. Collaborating with NASA's Jet Propulsion Laboratory on advanced cryogenic packaging, D-Wave aims to accelerate its push toward a 100,000-qubit system, reinforcing its leadership in annealing quantum computing while broadening its international footprint. Financially, the company ended the quarter with a record $819.3 million in cash—an over 1,900% year-over-year increase driven by a $400 million at-the-market equity raise, warrant exercises and credit facility proceeds. Gross profit grew 42%, while adjusted EBITDA loss widened 44% year over year due to higher operating expenses from aggressive R&D and market expansion efforts. With strong liquidity, an expanding enterprise pipeline and parallel development in both annealing and gate-model architectures, D-Wave signaled that it is prepared to invest heavily in scaling technology and pursuing strategic acquisitions, while maintaining its ambition to be the first independent public quantum computing firm to achieve sustained profitability. IonQ IonQ delivered a standout second-quarter 2025, with revenues coming in 15% above the top end of guidance, reflecting accelerating commercial traction across quantum computing and networking. The company's momentum was underpinned by high-profile partnerships, including a landmark $22 million deal to build America's first commercial quantum hub with utility leader EPB, and a 20x performance speed-up in quantum-accelerated drug development alongside AstraZeneca AZN, AWS and NVIDIA NVDA. However, the aggressive push into R&D, strategic acquisitions and talent expansion incurred steep costs. 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On a positive note, the company's balance sheet is notably fortified, following the completion of a $350 million equity raise during the quarter, bringing total cash, cash equivalents and available-for-sale investments to $571.6 million as of June 30, 2025, with no debt. This sizable war chest provides ample runway to fund R&D, scale commercial operations and potentially pursue strategic collaborations or acquisitions. Rigetti intends to leverage its proprietary chiplet-based superconducting qubit technology to reach a 100-plus qubit system with 99.5% median two-qubit gate fidelity by year-end 2025, an important step on the roadmap toward fault tolerance and eventual commercial-grade quantum computing profitability. Conclusion Taken together, revenues are rising and technology is advancing, but cash burn is heavy and profitability is far off for these three stocks. In this race, massive cash reserves are the fuel, and the first one to deliver scalable, commercially viable quantum systems will be the winner. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AstraZeneca PLC (AZN) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report IonQ, Inc. (IONQ) : Free Stock Analysis Report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report D-Wave Quantum Inc. (QBTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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

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