
Mercer further improves Sustainalytics ESG Risk Rating, ranking in the top 15% globally
'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 www.mercerint.com .
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 mercerint.com .
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 www.sustainalytics.com
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: www.sustainalytics.com/corporate-solutions/esg-solutions/esg-risk-ratings .
This press release contains information developed by Sustainalytics (www.sustainalytics.com). 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 https://www.sustainalytics.com/legal-disclaimers.
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
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Business Wire
25 minutes ago
- Business Wire
European production of Polestar 7 confirmed in Kosice, Slovakia
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is taking the next step in diversifying its contract manufacturing footprint by expanding it to Europe. The Company has signed a memorandum of understanding with Volvo Cars to have Polestar 7 manufactured in Kosice, Slovakia, in advance of the planned launch of the premium compact SUV in 2028. Polestar 7 will be developed in accordance with the Company's recently announced strategy to use architectures from within the Geely Holding Group. Polestar 7 will utilise a technology base from Volvo Cars, benefiting from group component sharing, cell-to-body technology with next-generation battery density and performance, as well as the next generation of in-house developed e-motors. Adaptations will be made to create the driving experience and performance characteristics that Polestar is known for. Michael Lohscheller, Polestar CEO, says: 'Working with Volvo Cars to develop and manufacture Polestar 7 in Europe is a unique opportunity that will strengthen our position in our home market. Our strategy of utilising Group architectures as the base for our future model line-up gives us access to the best, latest technologies, in a cost-efficient manner. With a design and sporty driving characteristics that are instantly recognisable, Polestar 7 will set new standards in the premium compact SUV segment.' Håkan Samuelsson, Volvo Cars President and CEO, says: 'Our collaboration with Polestar on the development and manufacturing of the Polestar 7 underscores how Volvo Cars and Polestar continue to leverage synergies to efficiently deliver outstanding vehicles built for our distinct customer segments.' Construction started on the Volvo Cars factory in Kosice in 2023. The location of the factory offers good logistical connections to European markets and a developed supplier base. About Polestar Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 28 markets globally across North America, Europe and Asia Pacific. Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe. Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar's comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion. Forward looking statements Certain statements in this press release ('Press Release') may be considered 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of Polestar including the number of vehicle deliveries and gross margin. For example, projections of revenue, volumes, margins, cash flow break-even and other financial or operating metrics and statements regarding expectations of future needs for funding and plans related thereto are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential', 'forecast', 'plan', 'seek', 'future', 'propose' or 'continue', or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) Polestar's ability to enter into or maintain agreements or partnerships with its strategic partners, including Volvo Cars and Geely, original equipment manufacturers, vendors and technology providers; (2) Polestar's ability to maintain relationships with its existing suppliers, source new suppliers for its critical components and enter into longer term supply contracts and complete building out its supply chain; (3) Polestar's ability to raise additional funding; (4) Polestar's ability to successfully execute cost-cutting activities and strategic efficiency initiatives; (5) Polestar's estimates of expenses, profitability, gross margin, cash flow, and cash reserves; (6) Polestar's ability to continue to meet stock exchange listing standards; (7) changes in domestic and foreign business, market, financial, political and legal conditions; (8) demand for Polestar's vehicles or car sale volumes, revenue and margin development based on pricing, variant and market mix, cost reduction efficiencies, logistics and growing aftersales; (9) delays in the expected timelines for the development, design, manufacture, launch and financing of Polestar's vehicles and Polestar's reliance on a limited number of vehicle models to generate revenues; (10) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (11) risks related to product recalls, regulatory fines and/or an unexpectedly high volume of warranty claims; (12) Polestar's reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Polestar by its partners in order for Polestar to be able to increase its vehicle production volumes; (13) the ability of Polestar to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) risks related to future market adoption of Polestar's offerings; (15) risks related to Polestar's current distribution model and the evolution of its distribution model in the future; (16) the effects of competition and the high barriers to entry in the automotive industry and the pace and depth of electric vehicle adoption generally on Polestar's future business; (17) changes in regulatory requirements (including environmental laws and regulations and regulations related to connected vehicles), governmental incentives, tariffs and fuel and energy prices; (18) Polestar's reliance on the development of vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (19) Polestar's ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from electric vehicle fires; (20) the outcome of any potential litigation, including litigation involving Polestar and Gores Guggenheim, Inc., government and regulatory proceedings, tax audits, investigations and inquiries; (21) Polestar's ability to continuously and rapidly innovate, develop and market new products; (22) the impact of the ongoing conflict between Ukraine and Russia and in Israel, the Gaza Strip and the Red Sea; and (23) the impact of the ongoing conflict between Ukraine and Russia and in Israel, the Gaza Strip and the Red Sea; and (24) other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in Polestar's Form 20-F, and other documents filed, or to be filed, with the SEC by Polestar. There may be additional risks that Polestar presently does not know or that Polestar currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Polestar assumes no obligation to update these forward-looking statements, even if new information becomes available in the future, except as may be required by law.
Yahoo
39 minutes ago
- Yahoo
Stocks Settled Mixed as Higher Bond Yields Weigh on Sentiment
The S&P 500 Index ($SPX) (SPY) Tuesday closed down -0.11%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.89%. September E-mini S&P futures (ESU25) are down -0.12%, and September E-mini Nasdaq futures (NQU25) are down -0.91%. Stock indexes on Tuesday settled mixed, with the Dow Jones Industrials posting a 4-1/2 month high. The S&P 500 and Nasdaq 100 moved lower Tuesday and consolidated below Monday's all-time highs. Tesla closed down more than -5% to lead technology stocks lower and weigh on the overall market after President Trump threatened to withdraw subsidies from Elon Musk's companies in response to Musk's criticism of the Republican reconciliation bill. The markets are also monitoring progress on trade talks ahead of President Trump's July 9 deadline, as well as congressional wrangling over the passage of President Trump's tax and spending bill. Is Palantir Stock a Buy, Sell, or Hold for July 2025? Is Archer Aviation Stock a Buy, Sell, or Hold for July 2025? Oklo Just Announced a New Nuclear Fuel Deal. Is OKLO Stock a Buy Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The Senate passed the Republican reconciliation bill on Tuesday by a 51-50 vote. The bill now goes to the House, where it will be voted on sometime this week. Speaker Johnson said the House 'will work quickly' to pass the bill by July 4. The reconciliation bill has the debt ceiling hike that is necessary to avert a Treasury default when the Treasury runs out of borrowing authority sometime between mid-August and late September. The dollar index fell to a 3-1/3 year low Tuesday as the nonpartisan Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US budget deficits over the next decade. Stocks remained lower Tuesday after the better-than-expected US ISM and JOLTS reports pushed bond yields higher and dampened expectations of imminent Fed rate cuts. Also, Fed Chair Powell reiterated his wait-and-see stance on interest rates as he expects tariffs to show up in inflation data over the coming months. The US June ISM manufacturing index rose +0.5 to 49.0, stronger than expectations of 48.8. Also, the June ISM prices paid sub-index rose +0.3 to 69.7, stronger than expectations of 69.5. US May JOLTS job openings unexpectedly rose +374,000 to a 6-month high of 7.769 million, showing a stronger labor market than expectations of a decline to 7.300 million. Fed Chair Powell said he expects the impacts of tariffs to show up in inflation data over the coming months, but the impact could be 'higher or lower, or later or sooner than we expected.' Better-than-expected manufacturing news from China is supportive of global economic growth prospects. The China June Caixin manufacturing PMI rose +2.1 to 50.4, stronger than expectations of 49.3. On the negative side for stocks is the upcoming earnings season, which begins next week. Bloomberg Intelligence data show that the consensus for Q2 earnings of S&P 500 companies is for a rise of +2.8% year-over-year, the smallest increase in two years. Also, only six of the 11 S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research. During this holiday-shortened week, the markets will look for additional trade and tariff news along with progress in the passage of President Trump's tax bill. On Wednesday, the June ADP employment change is expected to rise by +90,000. On Thursday, Jun nonfarm payrolls are expected to climb by +113,000, and the June employment rate is expected to tick up +0.1 to 4.3%. Also, June average hourly earnings are expected to rise +0.3% m/m and +3.8% y/y. In addition, weekly initial unemployment claims are expected to climb +5,000 to 241,000, and May factory orders are expected to jump +8.1% m/m. Finally, the Jun ISM services index is expected to climb +0.7 to 50.6. Federal funds futures prices are discounting the chances at 21% for a -25 bp rate cut at the July 29-30 FOMC meeting. Overseas stock markets on Tuesday settled mixed. The Euro Stoxx 50 closed down -0.39%. China's Shanghai Composite closed up +0.39%. Japan's Nikkei Stock 225 closed down -1.24%. Interest Rates September 10-year T-notes (ZNU25) Tuesday closed down by -8.5 ticks. The 10-year T-note yield rose +2.0 bp to 4.248%. Sep T-notes fell from a 2-month high Tuesday and turned lower, and the 10-year T-note yield rebounded from a 2-month low of 4.185% and turned higher. Speculation that Congress is close to passing President Trump's tax and spending bill has sparked some weakness in T-note prices. The Congressional Budget Office estimates that the bill would add nearly $3.3 trillion to US deficits over the next decade, which would boost Treasury security sales to fund the deficits. Losses in T-notes accelerated Tuesday after the stronger-than-expected ISM and JOLTS reports were hawkish for Fed policy. T-note prices initially moved higher on Tuesday due to carryover support from strength in European government bonds. T-notes were also boosted as positive trade news has bolstered hopes for smaller-than-expected tariffs, which would soften the inflation outlook. European government bond yields on Tuesday moved lower. The 10-year German bund yield fell -3.3 bp to 2.574%. The 10-year UK gilt yield dropped to an 8-week low of 4.417% and finished down -3.5 bp to 4.454%. The Eurozone June CPI edged up to +2.0% y/y from +1.9% y/y in May, right on expectations. The June core CPI was unchanged from May at +2.3% y/y, right on expectations. The ECB May 1-year CPI inflation expectations unexpectedly eased to +2.8% from +3.1% in Apr, versus expectations of no change at +3.1%. The May 3-year CPI expectations unexpectedly eased to +2.4% from +2.5% in Apr versus expectations of no change at +2.5%. The Eurozone June manufacturing PMI was revised upward by +0.1 to 49.5 from the previously reported 49.4. The German June unemployment change rose +11,000, showing a stronger labor market than expectations of +15,000. The Jun unemployment rate was unchanged at 6.3%, showing a stronger labor market than expectations of an increase to 6.4%. ECB Governing Council member Kazaks said, 'If the euro were to significantly appreciate further, it could weigh down on inflation and exports, which could tilt the balance toward another ECB interest rate cut.' Swaps are discounting the chances at 6% for a -25 bp rate cut by the ECB at the July 24 policy meeting. US Stock Movers Tesla (TSLA) closed down more than -5% as President Trump threatened to withdraw government subsidies from Elon Musk's companies after Musk criticized the Republicans' reconciliation bill. Analysts estimate that changes to regulatory credits could threaten up to 40% of Tesla's profits. Weakness in chip stocks is a negative factor for the overall market. Advanced Micro Devices (AMD) closed down more than -4%, and Broadcom (AVGO) and ARM Holdings Plc (ARM) closed down more than -3%. Also, Nvidia (NVDA) closed down more than -2% to lead losers in the Dow Jones Industrials. In addition, Marvell Technology (MRVL), Micron Technology (MU), and ASML Holding NV (ASML) closed down more than -1%. Makers of glucose monitors and insulin pumps retreated Tuesday after the US government proposed a payment scheduling change for diabetes devices as well as a competitive bidding program. As a result, Tandem Diabetes Care (TNDM) closed down more than -7%, and Insulet (PODD) and Dexcom (DXCM) closed down more than -4%. Warner Bros Discovery (WBD) closed down more than -4% after holder Advance/Newhouse planned to sell as much as $1.1 billion of its holdings in WBD via an overnight unregistered block trade. AeroVironment (AVAV) closed down more than -11% after announcing plans to sell $750 million worth of shares of its common stock in an underwritten public offering and $600 million of aggregate convertible senior notes due 2020. Dyne Therapeutics (DYN) closed down more than -8% after offering 24.2 million shares of its common stock in an underwritten public offering at a price of $8.25 per share, below Monday's closing price of $9.52. Sweetgreen Inc (SG) closed down more than -2% after TD Cowen downgraded the stock to hold from buy. US-listed Macau casino operators rallied Tuesday after Macau's monthly gaming revenue rose +19% y/y in June, above expectations of a +9.4% y/y gain. As a result, Las Vegas Sands (LVS) closed up more than +8% to lead gainers in the S&P 500. Also, Wynn Resorts Ltd. (WYNN) closed up more than +8% and MGM Resorts International (MGM) closed up more than +7%. Packaging Corporation of America (PKG) closed up more than +7% after the company acquired Greif Containerboard for $1.8 billion, and Barclays said the purchase will increase PKG's capacity to 6.0 MMT, holding its place as the third-largest containerboard maker in the US. Ryder System (R) closed up more than +6% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $183. Hasbro (HAS) closed up more than +4% after Goldman Sachs upgraded the stock to buy from neutral with a price target of $85. Nike (NKE) closed up more than +3% after Argus Research upgraded the stock to buy from hold with a price target of $85. CH Robinson Worldwide (CHRW) closed up more than +2% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $112. Trade Desk (TTD) closed up more than +2% after Citibank raised its price target on the stock to $90 from $82. Earnings Reports (7/2/2025) Franklin Covey Co (FC), UniFirst Corp/MA (UNF). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on


Business Wire
an hour ago
- Business Wire
Almonty Industries Announces 1-for-1.5 Share Consolidation in Anticipation of Potential Nasdaq Listing
TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (' Almonty ' or the ' Company ') (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI), a leading global producer of tungsten concentrate, is pleased to announce that it has filed articles of amendment to consolidate its issued and outstanding common shares (' Shares ') on the basis of one (1) post-consolidation Share for every one and a half (1.5) pre-consolidation Shares (the ' Consolidation '). The Consolidation was approved by shareholders of the Company (' Shareholders ') at the annual general and special meeting of Shareholders held on April 30, 2025. The Company is implementing the Consolidation for the reasons disclosed in the management information circular dated March 21, 2025 (the ' Circular '), including to facilitate a potential Nasdaq listing. The Company expects that the Shares will commence trading on a post-Consolidation basis at the start of trading on July 7, 2025 on the Toronto Stock Exchange (the " TSX '), subject to receipt of necessary exchange approvals. Following the Consolidation, the new CUSIP number for the Shares will be 020398707 and the new ISIN number will be CA0203987072. Trading on the Australian Securities Exchange in CHESS Depositary Interests (' CDIs ') representing the Shares will commence on a deferred settlement basis at the start of trading on July 8, 2025. Trading in post-Consolidation CDIs on a normal settlement basis will commence at the start of trading on July 17, 2025. The Company expects to have approximately 195,860,844 Shares (including CDIs) outstanding following the Consolidation, subject to rounding for any fractional Shares. No fractional Shares will be issued in connection with the Consolidation. In the event that a Shareholder would otherwise be entitled to receive a fractional Share upon the occurrence of the Consolidation, such fraction will be rounded down to the nearest whole number. All stock options, warrants and other rights to purchase or otherwise acquire Shares shall be adjusted to reflect the Consolidation in accordance with the terms and conditions governing such convertible securities. Almonty's transfer agent, Computershare Investor Services Inc. (' Computershare '), will mail a letter of transmittal to registered Shareholders of the Company providing instructions on how to exchange existing Share certificates or direct registration system (DRS) statements. A sample letter of transmittal is also available on the Company's profile on SEDAR+. Non-registered Shareholders who hold their Shares through a bank, broker or other nominee and who have questions regarding how the Consolidation will be processed should contact their nominee. Until surrendered to Computershare, each Share certificate or other evidence representing pre-Consolidation Shares will be deemed for all purposes to represent the number of post-Consolidation Shares to which the registered Shareholder is entitled as a result of the Consolidation. New holding statements will be dispatched to holders of CDIs on a post-Consolidation basis between July 10, 2025 and July, 16 2025. The Consolidation remains subject to the final approval of the TSX. Additional details regarding the Consolidation can be found in the Circular, which is available under the Company's profile on SEDAR+ at About Almonty Almonty is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Its Sangdong Mine in Gangwon Province, South Korea is currently under construction. The Sangdong Mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China. Almonty also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at and Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information This news release contains 'forward-looking statements' and 'forward-looking information' within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as 'plan', 'development', 'growth', 'continued', 'intentions', 'expectations', 'emerging', 'evolving', 'strategy', 'opportunities', 'anticipated', 'trends', 'potential', 'outlook', 'ability', 'additional', 'on track', 'prospects', 'viability', 'estimated', 'reaches', 'enhancing', 'strengthen', 'target', 'believes', 'next steps' or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the Consolidation, the timing of trading of the Shares and CDIs on a post-Consolidation basis, the number of issued and outstanding Shares following completion of the Consolidation, the receipt of final approval for the Consolidation from the TSX, the delivery of letters of transmittal, the treatment of convertible securities in connection with the Consolidation, and a potential Nasdaq listing. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, the timely delivery of letters of transmittal and the ability of the Company to obtain final approval of the Consolidation from the TSX and to meet Nasdaq listing requirements. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, including, without limitation, the impact of general economic conditions, industry conditions, and dependence on regulatory approvals. Any of these risks could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Readers should consider reviewing the detailed risk discussion in the Company's most recent Annual Information Form and the Amended Management Discussion and Analysis for the three months ended March 31, 2025 filed on SEDAR+, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.