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HTX Launches Multi-Assets Collateral Mode for USDT-Margined Futures, Empowering Traders With Enhanced Capital Efficiency

HTX Launches Multi-Assets Collateral Mode for USDT-Margined Futures, Empowering Traders With Enhanced Capital Efficiency

Cision Canada20-05-2025

SINGAPORE, May 20, 2025 /CNW/ -- HTX, a leading global cryptocurrency exchange has rolled out a major product upgrade with the official launch of the Multi-Assets Collateral Mode for USDT-margined futures, now available to all users. This new feature marks a significant step forward in flexible capital deployment, enabling users to trade more efficiently without the need to convert collateral assets.
A New Standard for Futures Flexibility
The Multi-Assets Collateral mode introduces a breakthrough in futures trading by allowing users to use BTC, ETH, and other non-USDT assets as collateral when trading USDT-margined futures.
This innovation breaks away from the conventional requirement of posting margin in USDT, offering enhanced flexibility for traders. At launch, supported collateral assets include USDT, BTC, and ETH, with HTX planning to expand the list based on market dynamics and technical readiness. Users are encouraged to stay updated via HTX's official announcements for future asset additions.
A Capital Efficiency Booster for Long-Term Holders
The core benefit of the Multi-Assets Collateral mode lies in maximizing capital efficiency. It's particularly attractive to long-term holders who prefer to retain exposure to major cryptocurrencies like BTC and ETH while remaining active in the futures market.
Previously, users had to convert their BTC or ETH into USDT to access the USDT-margined futures market, a step that not only added friction and cost but also introduced the risk of missed market opportunities. Now, with multi-assets collateral enabled, users can directly transfer assets, such as BTC and ETH into their USDT-M Futures accounts as margin with no conversion required.
For example, BTC holders who are bullish on the long term can now leverage their holdings for short-term USDT futures trades, profiting from market volatility while maintaining upside exposure. This dual approach — asset preservation and active trading — enhances portfolio diversification and performance, injecting fresh energy into the market.
HTX Continues to Set the Pace for Futures Innovation
The launch of the Multi-Assets Collateral mode for USDT futures reaffirms HTX's commitment to delivering user-centric innovation and shaping the next phase of the crypto trading infrastructure.
Looking ahead, HTX will continue to optimize the new feature performance, enhance trading stability, and expand supported collateral assets to better meet diverse user needs. The platform is also working to introduce more advanced trading tools and strategies, aiming to offer a comprehensive, professional-grade futures trading experience.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of "Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance," HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

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Reitmans (Canada) Limited Reports First Quarter Financial Results Français
Reitmans (Canada) Limited Reports First Quarter Financial Results Français

Cision Canada

time35 minutes ago

  • Cision Canada

Reitmans (Canada) Limited Reports First Quarter Financial Results Français

MONTREAL, June 17, 2025 /CNW/ - Reitmans (Canada) Limited ("RCL" or the "Company") (TSXV: RET) (TSXV: RET -A), one of Canada's leading specialty apparel retailers, today reported its financial results for the first quarter ended May 3, 2025. Unless otherwise indicated, all comparisons are to the first quarter ended May 4, 2024. All dollar amounts are in Canadian currency. Highlights Net revenues decreased 4.1% to $158.9 million, primarily due to severe winter weather in the month of February and economic uncertainty. Comparable sales 1 decreased 4.5%. Gross profit % was down 100 basis points to 55.7%. Adjusted EBITDA 1 was negative $10.6 million. Net loss was $10.0 million, or $0.20 per share. "While our e-commerce revenue grew in Q1, it was not enough to offset lower in-store traffic resulting from near-record snowfall accumulations in some regions during February," said Andrea Limbardi, President and CEO of RCL. "We saw improvement once the weather cleared; however, consumers were more price-conscious amid ongoing economic uncertainty. We proactively moved our merchandise with selective and strategic promotional activity, ending the quarter with healthy inventory levels. However, these actions resulted in a year-over-year gross profit impact. I am pleased with the performance of our Reitmans brand, which performed well in the quarter, responding to customers' concerns over the economy with its hallmark of great styles and quality at accessible price points." "Our disappointing financial results underscore the importance of implementing the five-year strategic plan we announced in April. This strategy is designed to drive long-term profitable growth and ultimately make our business more resilient. As part of our ongoing efforts to optimize our store fleet, we opened three new Reitmans stores, one RW&CO store, and two PENN stores that were relocations during the quarter. Meanwhile, under our strategy to fuel growth with modernization, we moved forward with the first phase of our digital strategic roadmap. Reflecting our commitment to a seamless customer journey across all our touch points, this first phase will include newly designed front-end e-commerce storefronts for all three brands and migrating to Shopify TM. We expect the migration and launch of our enhanced e-commerce offering to be completed this fiscal year." Selected Financial Information (in millions of dollars, except for gross profit % and earnings per share) (unaudited) First quarter 2026 2025 Change Net revenues $158.9 $165.7 (4.1 %) Gross profit $88.5 $93.9 (5.8 %) Gross profit % 55.7 % 56.7 % (100 bps) Selling, general and administrative expenses $99.1 $95.1 4.2 % Net loss ($10.0) ($1.5) n/a Adjusted EBITDA 1 ($10.6) $0.9 n/a Loss per share: Basic ($0.20) ($0.03) n/a Diluted ($0.20) ($0.03) n/a 1 On May 3, 2025, RCL had working capital 1 of $134.8 million, including cash of $85.4 million compared to working capital of $165.7 million, including cash of $158.1 million as at February 1, 2025 and working capital of $153.4 million, including cash of $98.9 million as at May 4, 2024. At the end of the first quarter, RCL had no long-term debt other than lease liabilities and no amounts were drawn under the Company's bank credit facilities. First Quarter Overview Net revenues decreased by 4.1%, to $158.9 million. The decrease was attributable to adverse weather conditions in the month of February and consumers being more price conscious as a result of economic uncertainty. Comparable sales 1 decreased 4.5%, primarily due to lower store traffic and customers migrating to discounted merchandise. Gross profit % decreased by 100 basis points, to 55.7% or $88.5 million, mainly due to a lower proportion of regular priced sales. Adjusted EBITDA 1 was a loss of $10.6 million, largely due to lower gross profit and higher occupancy costs and wages. Net loss was $10.0 million compared to a loss of $1.5 million a year earlier. The Company's complete financial statements including notes, and the Company's MD&A for the first quarter of fiscal 2026 are available online at Normal Course Issuer Bid The Company intends to renew the current NCIB, which expires in August 2025, through the facilities of the TSX Venture Exchange to purchase Non-Voting Shares. The NCIB would continue to be conducted through BMO Nesbitt Burns Inc. and is expected to take place over an additional period of 12 months from August 5, 2025. The extent to which the Company repurchases its shares and the timing of such purchases will depend upon the market conditions and other corporate considerations. The NCIB is subject to regulatory approval. Conference Call The Company will host a conference call on June 18, 2025, at 8:30 am Eastern Time to discuss its first quarter financial results. Interested parties may join the conference call by dialing 1-833-752-3725 or 647-846-8584 approximately 15 minutes prior to the call to secure a line. A live audio webcast of the call will be available at and will be available for replay at this website for 12 months. About Reitmans (Canada) Limited Reitmans (Canada) Limited is one of Canada's leading specialty apparel retailers for women and men, with retail outlets throughout the country. The Company operates 394 stores under three distinct banners consisting of 225 Reitmans, 86 PENN., and 83 RW&CO. For more information, visit For further information, please contact: NON-GAAP Financial Measures & Supplementary Financial Measures This press release makes reference to certain non-GAAP financial measures. These financial measures are not recognized measures under International Financial Reporting Standards ("IFRS") and do not have a standardized meaning prescribed by IFRS. They are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for the Company's analysis of its financial information reported under IFRS. NON-GAAP Financial Measures This press release discusses the following non-GAAP financial measures: adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") and working capital. This press release also indicates Adjusted EBITDA as a percentage of net revenues and is considered a non -GAAP financial ratio. Net revenues represent the sales of merchandise less discounts and returns ("net sales") and includes shipping fees charged to customers on e-commerce orders. The intent of presenting Adjusted EBITDA is to provide additional useful information to investors and analysts. Adjusted EBITDA is currently defined as net earnings (loss) before depreciation, amortization, net impairment of non-financial assets, interest expense, interest income, income tax expense/recovery, pension windup-related administration costs, and adjusted for the impact of certain items, including a deduction of interest expense and depreciation relating to leases accounted for under IFRS 16, Leases. Management believes that Adjusted EBITDA is an important indicator of the Company's ability to generate liquidity through operating cash flow to fund working capital needs and fund capital expenditures and uses this metric for this purpose. Management believes that Adjusted EBITDA as a percentage of net revenues indicates how much liquidity is generated for each dollar of net revenues. The exclusion of interest income and expenses, other than interest expense related to lease liabilities as explained hereafter, eliminates the impact on earnings derived from non-operational activities. The exclusion of depreciation, amortization and net impairment losses, other than depreciation related to right-of-use assets as explained hereafter, eliminates the non-cash impact, and the exclusion of pension windup-related administrative costs presents the results of the on-going business. Under IFRS 16, Leases, the characteristics of some leases result in lease payments being recognized in net earnings in the period in which the performance or use occurs while other leases are recorded as right-of-use assets with a corresponding lease liability recognized, which results in depreciation of those assets and interest expense from those liabilities. Management is presenting its Adjusted EBITDA to reflect the payments of its store and equipment lease obligations on a consistent basis. As such, the initial add-back of depreciation of right-of-use assets and interest on lease obligations are removed from the calculation of Adjusted EDITDA, as this better reflects the operational cash flow impact of its leases. Working capital is defined as current assets less current liabilities. Management believes that working capital provides information that is helpful to understand the financial condition of the Company. Due to the seasonality of the Company's business, it is more relevant to compare the working capital position at the same point in time. Reconciliation of NON-GAAP Measures Supplementary Financial Measures The Company uses a key performance indicator ("KPI"), comparable sales, to assess store performance and sales growth. The Company engages in an omnichannel approach in connecting with its customers by appealing to their shopping habits through either online or store channels. This approach allows customers to shop online for home delivery or to pick up in store, purchase in any of our store locations or ship to home from another store when the products are unavailable in a particular store. Due to customer cross-channel behaviour, the Company reports a single comparable sales metric, inclusive of store and e-commerce channels. Comparable sales are defined as net sales generated by stores that have been continuously open during both of the periods being compared and include e-commerce net sales. The comparable sales metric compares the same calendar days for each period. Although this KPI is expressed as a ratio, it is a supplementary financial measure that does not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures used by other companies. Management uses comparable sales in evaluating the performance of stores and online net sales and considers it useful in helping to determine what portion of new net sales has come from sales growth and what portion can be attributed to the opening of new stores. Comparable sales is a measure widely used amongst retailers and is considered useful information for both investors and analysts. Comparable sales should not be considered in isolation or used in substitute for measures of performance prepared in accordance with IFRS. Forward-Looking Statements All of the statements contained herein, other than statements of fact that are independently verifiable at the date hereof, are forward-looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond the Company's control and are based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking statements and that the objectives, plans, strategic priorities and business outlook may not be achieved. Consequently, the Company cannot guarantee that any forward-looking statement will materialize, or if any of them do, what benefits the Company will derive from them. Forward-looking statements are provided in this press release for the purpose of allowing investors and others to get a better understanding of the Company's operating environment and management's expectations and plans as of the date of this press release. However, readers are cautioned that it may not be appropriate to use such forward-looking statements for any other purpose. Forward-looking statements are based upon the Company's current estimates, beliefs and assumptions, which are based on management's perception of historical trends, current conditions and currently expected future developments, as well as other factors it believes, are appropriate in the circumstances. This press release contains forward-looking statements about the Company's objectives, plans, goals, expectations, aspirations, strategies, financial condition, results of operations, cash flows, performance, and prospects, opportunities and legal and regulatory matters. Specific forward-looking statements in this press release include, but are not limited to, statements with respect to the Company's belief in its strategies and its brands and their capacity to generate long-term profitable growth plans to meet certain financial objectives, future liquidity, planned capital expenditures, status and impact of systems implementation, the ability of the Company to successfully implement its strategic initiatives and cost reduction and productivity improvement initiatives as well as the impact of such initiatives. These specific forward-looking statements are contained throughout this press release and the Company's Management Discussion & Analysis ("MD&A") including those listed in the "Operating and Financial Risk Management" section of the MD&A. Forward-looking statements are typically identified by words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "strive", "will", "may" and "should" and similar expressions, as they relate to the Company and its management. Forward-looking statements are based on information currently available to management and on estimates and assumptions, including assumptions about future economic conditions and courses of action. Examples of material estimates and assumptions and beliefs made by management in preparing such forward looking statements: management's belief in its strategies and its brands and their capacity to generate long-term profitable growth, significant sales growth in RW&Co. both in stores and online, increased market share for both Reitmans and PENN., stability in the current market environment, changes in laws, rules, regulations and global standards, the Company's competitive position in its industry, the Company's ability to keep pace with changing consumer preferences, the absence of public health related restrictions impacting client shopping patterns or incremental direct costs related to health and safety measures, the Company's ability to execute on its capital expenditure plan, including at its distribution centre in Montreal, and the Company's ability to retain and recruit exceptional talent. Numerous risks and uncertainties could cause the Company's actual results to differ materially from those expressed, implied or projected in the forward-looking statements. Please refer to the "Forward-Looking Statements" section of the Company's MD&A for the first quarter of fiscal 2026. This is not an exhaustive list of the factors that may affect the Company's forward-looking statements. Other risks and uncertainties not presently known to the Company or that the Company presently believes are not material could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Additional risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time. The reader should not place undue reliance on any forward-looking statements included herein. These statements speak only as of the date made and the Company is under no obligation and disavows any intention to update or revise such statements as a result of any event, circumstances or otherwise, except to the extent required under applicable securities law. 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. SOURCE Reitmans (Canada) Ltd

ARC RESOURCES LTD. ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES
ARC RESOURCES LTD. ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES

Cision Canada

time35 minutes ago

  • Cision Canada

ARC RESOURCES LTD. ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES

CALGARY, AB, June 17, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today it has closed its offering of C$1.0 billion aggregate principal amount of senior unsecured notes (the "Offering"), consisting of C$550 million aggregate principal amount of 3.577% Senior Unsecured Notes, Series 3 due 2028 (the "Series 3 Notes") and C$450 million aggregate principal amount of 4.409% Senior Unsecured Notes, Series 4 due 2032 (the "Series 4 Notes", together with the Series 3 Notes, the "Notes"). DBRS Morningstar has assigned a rating of BBB with a Stable trend to the Notes. ARC intends to use the net proceeds of the Offering, together with the previously announced committed term loan and drawings under ARC's existing credit facilities, to purchase the Kakwa Assets from Strathcona Resources Ltd. pursuant to the definitive agreement announced on May 14, 2025 (the "Transaction"), and the balance remaining, if any, will be used for general corporate purposes. The Transaction is expected to close in early July of 2025. The Notes are direct, senior unsecured obligations of ARC and rank equally and pari passu with all other existing and future unsecured and unsubordinated indebtedness of the Company. The Notes were offered through a syndicate of agents co-led by RBC Capital Markets, CIBC Capital Markets, TD Securities, and Scotiabank. Credit Ratings Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. Credit ratings are not recommendations to purchase, hold, or sell securities and do not address the market price or suitability of a specific security for a particular investor. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a rating agency in the future if, in its judgment, circumstances so warrant. Forward-looking Information and Statements This news release contains forward-looking information as defined under applicable securities legislation. Forward-looking information involves substantial known and unknown risks and uncertainties. The use of any of the words "plan", "expect", "intend", "believe", "should", "anticipate", or other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking information. Forward-looking information reflects the Company's expectations, estimates and predictions only. Actual events or results may differ materially. In particular, this news release contains forward-looking information with respect to the intended use of proceeds of the Offering and the expected timing for closing of the Transaction. There can be no assurance that the plans, intentions, or expectations upon which forward-looking information is based will occur. With respect to forward-looking information contained in this news release, ARC has made various assumptions including that: the Transaction will close within the timelines contemplated; any regulatory approval required will be obtained within expected timelines; the conditions precedent to the agreement for the Transaction will be met; and counterparties to definitive agreements, including for the Transaction, will comply with their contractual obligations. Although the forward-looking information contained in this news release is based upon assumptions which management believes to be reasonable, ARC cannot assure investors that actual results will be consistent with this forward-looking information. This forward-looking information is subject to numerous risks and uncertainties including: potential delays with respect to the closing of the Transaction and changes to laws and regulations. This forward-looking information is made as of the date of this news release and ARC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results, or otherwise, other than as required by applicable securities laws. About ARC ARC Resources Ltd. is a pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX.

G7 Critical Minerals Action Plan Français
G7 Critical Minerals Action Plan Français

Cision Canada

timean hour ago

  • Cision Canada

G7 Critical Minerals Action Plan Français

KANANASKIS, AB, June 17, 2025 /CNW/ - We, the Leaders of the G7, recognize that critical minerals are the building blocks of digital and energy secure economies of the future. We remain committed to transparency, diversification, security, sustainable mining practices, trustworthiness and reliability as essential principles for resilient critical minerals supply chains, and acknowledge the importance of traceability, trade, and decent work in contributing to our economic prosperity and that of our partners. We have shared national and economic security interests, which depend on access to resilient critical minerals supply chains governed by market principles. We recognize that non-market policies and practices in the critical minerals sector threaten our ability to acquire many critical minerals, including the rare earth elements needed for magnets, that are vital for industrial production. Recognizing this threat to our economies, as well as various other risks to the resilience of our critical minerals supply chains, we will work together and with partners beyond the G7 to swiftly protect our economic and national security. This will include anticipating critical minerals shortages, coordinating responses to deliberate market disruption, and diversifying and onshoring, where possible, mining, processing, manufacturing, and recycling. We are launching a G7 Critical Minerals Action Plan, building on the Five-Point Plan for Critical Minerals Security established during Japan's G7 Presidency in 2023 and advanced by Italy in 2024. The Action Plan will focus on diversifying the responsible production and supply of critical minerals, encouraging investments in critical mineral projects and local value creation, and promoting innovation. We are committed to action in the following areas: Building standards-based markets We recognize that critical minerals markets should reflect the real costs of responsible extraction, processing, and trade of critical minerals, while ensuring labour standards, local consultation, anti-bribery and corruption measures and addressing negative externalities, including pollution and land degradation. We will develop a roadmap to promote standards-based markets for critical minerals, in collaboration with industry, international organizations, resource producing nations, Indigenous Peoples, local communities, unions, and civil society. The roadmap will establish a set of criteria that constitute a minimum threshold for standards-based markets, strengthening traceability as a necessary measure. As part of these efforts, we will evaluate potential market impacts. We task relevant ministers to produce this roadmap, setting out milestones to be met in fulfilling this commitment, before the end of the year. Mobilizing capital and investing in partnerships We recognize the need to work together to increase investment in responsible critical minerals projects within the G7 and around the world. Immediate and scaled investment is required to secure future supply chains and ensure promising mining and processing projects overcome barriers such as delays in permitting and approvals processes, market manipulation, and price volatility. Critical minerals are an opportunity to build mutually beneficial partnerships and drive economic development, innovation and shared prosperity. We will continue to work with emerging market and developing country partners to develop quality infrastructure, such as economic corridors. We will address investment barriers and support policy and regulatory reforms that improve the investment climate of our partners and empower entrepreneurs in low- and middle-income countries, including through the G20 Compact with Africa. Our approach will support local economic growth, build community trust, and reduce investment risks, creating the necessary conditions to attract responsible private capital. We will continue to support the development of responsible critical minerals projects through direct partnerships with each other and by promoting private sector investment. We encourage our export credit agencies and development finance institutions (DFIs) to identify more opportunities for collaboration. We also welcome the work of the G7 DFIs to enhance coordination on critical minerals projects as an important step. To build on this momentum, we encourage multilateral development banks, as well as private sector lenders, to make further capital available for investment in standards-based critical minerals projects, including through innovative financing. We also encourage them to leverage existing financing mechanisms to de-risk projects, maximize and mobilize private capital, and increase the resilience and security of global critical minerals supply chains. We are committed to deepening our cooperation with mineral-rich emerging market and developing country partners. We will help build their capacity; foster local value creation; create opportunities for all; promote responsible mining practices; combat gender-based violence in the mining industry; support the improvement of artisanal mining; and diversify global critical minerals value chains. In this spirit, to promote responsible mining-related activities in emerging mining nations, we welcome the G7 Finance Ministers commitment to strengthen the World Bank-led Resilient and Inclusive Supply Chain Enhancement (RISE) Partnership. Interested G7 members will also support initiatives such as the Minerals Security Partnership and its MSP Forum, and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development. Recalling our commitment to promote debt sustainability and transparency, we acknowledge the challenges faced by developing countries with mounting debt levels, including to finance infrastructure. We will promote debt sustainability through transparent and fair development finance, and we will support countries facing debt challenges including near-term liquidity challenges. We call on all international providers of finance to do the same. This includes working within the G20 to improve the implementation of the Common Framework. Promoting innovation We have rich public and private innovation ecosystems with untapped potential to address strategic technology and processing gaps essential to bringing critical minerals to market. We will intensify our collaboration to fill targeted innovation gaps in critical minerals research and development, with a focus on processing, licensing, recycling, substitution and redesign, and circular economy. We will work with partner organizations to showcase new technologies and production processes. We look forward to the upcoming Conference on Critical Materials and Minerals, to be chaired by the United States in Chicago, in September 2025, in order to advance this work. Australia, India, and the Republic of Korea.

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