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Kolibri Global Energy Inc. Announces 2025 AGM Results

Kolibri Global Energy Inc. Announces 2025 AGM Results

Business Wire22-04-2025

THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the " Company" or " Kolibri") (TSX: KEI, NASDAQ: KGEI) is pleased to announce the results of the Annual General Meeting of shareholders of the Company held in Marina del Rey, California on April 22, 2025. All of the resolutions put forward at the meeting were approved.
The Company's shareholders voted to fix the number of directors of the Company at five and elected the following five nominees to the board of directors. Each of the nominees will serve for a one-year term and hold office until the next annual meeting of shareholders, unless he or she sooner ceases to hold office. The following table sets forth the votes submitted by proxy with respect to the election of directors:
The shareholders appointed BDO USA, P.C. as the auditor of the Company.
The shareholders also approved (i) the Company's amended Restricted Share Unit Plan and the unallocated entitlements thereunder with 96.65% of the votes in favour; and (ii) an amendment to the Company's Stock Option Plan with 96.75% of the votes in favour.
Additional details will be provided in a Report of Voting Results to be filed on SEDAR.
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil and gas. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects in oil and gas. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the NASDAQ under the stock symbol KGEI.

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Perseus Mining Announces 5 Year Gold Production Outlook
Perseus Mining Announces 5 Year Gold Production Outlook

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Perseus Mining Announces 5 Year Gold Production Outlook

Perth, June 11, 2025 (GLOBE NEWSWIRE) -- Perth, Western Australia/ June 11, 2025/ Perseus Mining Limited (ASX/TSX: PRU) (Company) is pleased to provide its gold production and All-In Site Cost (AISC) outlook for the five-year period from FY26 to FY30 inclusive for its portfolio of mines located in Ghana, Côte d'Ivoire and Tanzania. The Five-year Operating Outlook incorporates the updated planning outlook for each of Perseus's three existing operations based on planning assumptions reflecting current operating conditions. It also takes into account Final Investment Decisions (FID) for the CMA underground mining operation at the Yaouré Gold Mine in Côte d'Ivoire (see ASX announcement 'Perseus Mining takes Final Investment Decision on CMA underground project at Yaouré' dated 28 January 2025), as well as the development of the Nyanzaga Gold Project (NGP) in Tanzania (see ASX announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' dated 28 April 2025). HIGHLIGHTS Perseus expects to recover at total of 2.6Moz – 2.7Moz of gold with average gold production from the four operating mines of approximately 515koz – 535koz per annum in the five-year period to the end of FY30. The weighted average AISC over the five-year period is forecast to be US$1,400/oz – US$1,500/oz with not more than ±10% change year-on-year over the period, emphasising the benefit of our portfolio approach to asset management. Total development capital of ~US$878M that has been allocated to the operating assets during the period to achieve this production outlook is excluded from the AISC estimate. At a long-term gold price of US$2,400/oz, Perseus's cash operating margin is expected to consistently exceed US$500/oz at all mines over the five-year period. In some cases, it is significantly higher. The five-year outlook is underpinned by a high level of geological and technical confidence with 93% of the gold ounces in the mine plan comprising existing Ore Reserves with the remaining 7% from Measured or Indicated Mineral Resources. Inferred Mineral Resources and other upside projections of mineralisation were specifically omitted from Perseus's five-year outlook. The five-year outlook reinforces Perseus's commitment to the three core components of its capital allocation policy, namely: maintenance of a resilient balance sheet, delivery of strong, consistent operational performance and careful deployment of discretionary capital for growth and capital returns to shareholders.'In FY22, Perseus's gold production reached approximately 500,000 ounces for the first time and set in train our ambition to maintain or exceed this level of production on a consistent basis going forward. Perseus's decision in 2023 to defer development of its Meyas Sand Gold Project in Sudan and pivot towards acquisition and development of the Nyanzaga Gold Project, will lead to a short term shortfall in 2026 and 2027 relative to this target. From the five-year outlook published today, it is clear that this is a temporary setback and that Perseus's strategy of consistently producing between 500,000 to 600,0000 ounces of gold per year at a cash margin of not less than US$500 per ounce, is eminently achievable. With cash and undrawn debt capacity currently exceeding US$1.1 billion, Perseus is fully funded to not only deliver the five-year outlook as presented today but also consider a prudent mix of future growth opportunities beyond the current plan, as well as generous returns to shareholders'.Perseus's five-year outlook delivers on the Company's strategy of building a sustainable, geopolitically diversified, African-focused gold business of three to four operating mines that produce between 500koz to 600koz of gold per annum at a cash margin of not less than US$500/oz. As part of its annual planning cycle, the Company has reassessed the growth opportunities available within its portfolio with the approach of optimising the portfolio rather than focussing on fixed investment targets for each asset. In this way, the Company has sought to find the balance between investment in growth opportunities and the cash margin generated by the gold production for the group over the five-year period is 515koz – 535koz per annum for a total of 2.6Moz – 2.7Moz with Yaouré contributing 34%, Edikan contributing 28% and Sissingué contributing 10%. Based on the current schedule, the recently committed NGP in Tanzania is anticipated to provide 28% of the metal production for the portfolio over the next 5 years. The Company's weighted average AISC over the five-year outlook is estimated at US$1,400/oz - US$1,500/oz. AISC rises slightly in the first two years, driven by lower production base. In FY28, the integration of lower-margin ore sources into the mine plan contributes to a slight increase in AISC. The portfolio's diverse production base allows AISC to remain within ±10% of the five-year average on a year-to-year Company has strong confidence in its ability to deliver on this five-year outlook, which is underpinned by a mine plan with high geological and technical certainty, with 93% of the production ounces forming part of the existing Ore Reserves with the remaining 7% from Measured or Indicated Mineral Resources (as detailed in ASX announcement 'Perseus Mining updates Mineral Resources and Ore Reservesdated 21 August 2024). Nyanzaga Ore Reserves are detailed in ASX announcement 'Perseus Proceeds with Development of Nyanzaga Gold Project' dated 28 April 2025. The Company will provide an update to the Mineral Resource and Ore Reserve statement in August 2025, in line with its annual disclosure. Incremental production included in the mine plan at Yaouré, Edikan and Sissingué comes from well-understood deposits with a proven operating history. This production does not require significant additional infrastructure or capital beyond the investment necessary to access the TOTAL PRODUCTION5-YEAR OUTLOOK AISC 5-YEAR RANGE1 TOTAL DEVELOPMENT CAPITAL 5-YEAR Yaouré 870koz – 905koz $1,480/oz - $1,580/oz US$170M2 Nyanzaga 725koz – 750koz $1,230/oz - $1,330/oz US$523M3 Edikan 720koz – 750koz $1,450/oz - $1,550/oz US$180M4 Sissingué 265koz – 275koz $1,580/oz - $1,680/oz US$5M TOTAL 2,580koz – 2,680koz $1,400/oz - $1,500/oz US$878M 1) AISC includes sustaining capital but excludes development capital 2) Yaouré Development capital relates to capitalised underground development and includes US$21M forecast to be incurred to 30 June 25 3) Includes development and pre-production capital cost incurred post-FID up to first gold pour. In addition it includes US$38M forecast to be incurred to 30 June 25 4) Development capital relates to capitalised waste stripping costs at Esuajah North and Fetish deposits and development capital for ESS UndergroundKey Production Indicators Units FY26 FY27 FY28 FY29 FY30 5-year totalsOre Mined – Open pit Mt 11.7 12.2 14.8 17.1 10.5 66.2 Ore Grade Mined – Open pit g/t 1.10 1.06 1.18 1.25 1.41 1.20 Total Mined – Open pit Mt 52.9 103.0 102.6 87.1 63.4 409.1 Strip Ratio t:t 3.54 7.43 5.93 4.10 5.05 5.18Ore tonnes - Underground Mt 0.2 0.6 1.0 2.1 2.0 5.8 Ore Grade Mined – Underground g/t 3.51 3.36 3.13 1.27 1.48 1.94 Total Tonnes Mined - Underground Mt 0.5 0.9 1.5 2.6 2.1 7.6Ore Milled Mt 12.7 14.5 16.5 15.8 12.8 72.3 Ore Grade Milled g/t 1.18 1.10 1.26 1.37 1.42 1.27 Recovery % 85% - 90% 85% - 90% 85% - 90% 85% - 90% 85% - 90% 85% - 90% Gold Produced koz 420-440 450-470 590-610 610-630 510-530 2,580-2,680Perseus is in a strong financial position, with a resilient balance sheet and an operational portfolio that continues to safely and efficiently generate reliable operational cash flow. This allows the Company to look to deploy operating cashflow to shareholders and other stakeholders in the business. summarises Perseus's capital allocation five-year outlook is the result of a systematic process to assess and prioritise internal growth opportunities to ensure the portfolio continues to deliver strong operating margins over the long term. The deployment of capital within the business complements existing capital management strategies, including a share buyback programme and the payment of dividends. While Perseus continues to consider inorganic growth opportunities, these are required to compete rigorously for discretionary investment and be assessed in the context of overall business risk and delivery of value. By allocating discretionary capital to internal organic growth, Perseus can invest in jurisdictions where it has an established operating presence, on known geological terranes, and with a proven workforce capable of safely and efficiently delivering five-year forecast for Yaouré includes mining of the recently started Yaouré open pit and CMA underground as the primary ore sources. Supplementing the primary ore sources, material is also sourced from Zain, CMA Southwest and long-term stockpiles to maximise mill will continue to be a cornerstone asset in Perseus's portfolio, total gold production of 870koz – 905koz and a weighted average AISC of $1,480/oz - $1,580/oz over the five-year outlook. While FY26 sees a reduction in gold produced compared to previous years, the change in production volume was anticipated and is a result of a combination of factors including change in ore characteristics and material sources (as detailed in the ASX announcement 'Perseus extends life of the Yaouré Gold Mine to 2035' dated 18 September 2023).KEY PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5-YEAR OUTLOOKOre Mined – Open pit Mt 4.3 2.8 3.7 5.7 2.6 19.2 Ore Grade Mined – Open pit g/t 1.06 1.08 0.98 0.99 1.14 1.04 Total Mined – Open pit Mt 26.1 28.6 30.5 27.9 12.2 125.2 Strip Ratio t:t 5.02 9.15 7.17 3.90 3.70 5.53Ore tonnes - Underground Mt 0.2 0.6 0.8 0.8 0.8 3.2 Ore Grade Mined – Underground g/t 3.51 3.36 3.43 3.33 3.80 3.49 Total Tonnes Mined - Underground Mt 0.5 0.9 1.1 0.9 0.8 4.1Ore Milled Mt 3.7 3.8 3.6 3.4 3.4 17.9 Ore Grade Milled g/t 1.66 1.43 1.69 1.89 1.85 1.70 Following FID on the CMA underground operation in January 2025, the project is due to cut the first of four underground portals in Q1 FY26. The expansion to include underground operations allows further exploitation of the CMA deposit, which has proven to be a reliable and well understood geological domain of the Yaouré operation to date. At steady state production, it is planned that underground ore will represent approximately 20% of the tonnes of ore mined on the site from both open cut and underground operations. Since approving FID, Perseus has worked with its mining contractor to further develop the mine schedule ahead of commencement of underground operations in Q1 FY26. This milestone is aligned to the project schedule detailed in ASX announcement 'Perseus Mining takes final investment decision on CMA Underground Project at Yaouré' dated 28 January 2025. As of this update, changes to the underground schedule have resulted in the development capital allocated for the CMA underground increasing by 36% from the approved US$124.6M to US$170M. Development capital for CMA Underground has increased due to bringing forward underground development into the pre-commercial production period and updated capitalisation methodology to include royalties and G&A previously expensed. Further optimisation of the Yaouré life of mine plan is scheduled as several on-lease targets are assessed as part of the regular mine planning is forecast to be the lowest cost operation in the Perseus's portfolio. Gold production totals 725koz – 750koz, with peak metal output in FY28 over the five-year outlook. The weighted average AISC ranges between US$1,230/oz - US$1,330/oz. Nyanzaga's increasing contribution to Perseus's portfolio underscores the decision to acquire and proceed with project development. During the five-year period, all of the Nyanzaga's Kilimani pit is mined providing initial ore supply to the mill with the remainder of the material sourced from the main Nyanzaga deposit. All material mined is part of the stated Ore Reserve (see ASX announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' dated 28 April 2025). Total gold production over Nyanzaga's current 11-year life of mine, Phase 1 mine production is currently estimated to be 2.01 Moz based on a JORC 2012 Probable Ore Reserve of 52.0 Mt @ 1.40 g/t gold for 2.3 Moz. The development capital cost for the plant and site infrastructure is estimated at US$472M inclusive of US$49M of contingency, and pre-production capital of US$51M, giving a total capital cost to first gold pour of US$ PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOKOre Mined – Open pit Mt - 1.8 6.3 6.2 6.2 20.5 Ore Grade Mined – Open pit g/t - 1.02 1.37 1.39 1.25 1.31 Total Mined – Open pit Mt 1.0 31.1 47.2 47.2 48.9 175.4 Strip Ratio t:t - 16.74 6.51 6.56 6.84 7.55Ore Milled Mt - 1.8 6.1 5.7 5.6 19.1 Ore Grade Milled g/t - 1.02 1.40 1.47 1.32 1.37 As previously advised, Perseus has committed to completing a second round of infill drilling at Nyanzaga, involving a number of drilling programmes aimed at confirming the tenor of the current mineralisation and testing extensions of the known mineralisation. Results received to date have been compelling and Perseus is expected to update the Mineral Resource and Ore Reserves (MROR) in Q1 FY27, in line with our annual MROR updated five-year outlook combines mining from the existing Nkosuo deposit and the commencement of a cutback of the Esuajah North pit, along with the second phase of mining at the Fetish pit, following completion of mining of the first phase in April 2025. Total gold production over this period is expected to be 720koz – 750koz, with a weighted average AISC of around US$1,450/oz – US$1,550/oz per Fetish and Esuajah North cutbacks have been incorporated into the updated five-year plan, reflecting the opportunity to extend Edikan's mine life at an incremental AISC. Together, the Fetish and Esuajah North cutbacks attract capitalised waste stripping costs of $168M but contribute ~200koz of production to Edikan's mine life and diversify the ore availability in the PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOKOre Mined – Open pit Mt 5.7 6.4 4.3 4.5 1.4 22.4 Ore Grade Mined – Open pit g/t 0.90 0.90 0.92 1.24 2.44 1.07 Total Mined – Open pit Mt 15.6 34.2 16.9 8.0 1.8 76.6 Strip Ratio t:t 1.73 4.36 2.95 0.78 0.23 2.43Ore tonnes - Underground Mt - - 0.2 1.3 1.2 2.7 Ore Grade Mined – Underground g/t - - 1.68 1.82 2.08 1.93 Total Tonnes Mined - Underground Mt - - 0.5 1.7 1.3 3.5Ore Milled Mt 7.4 7.5 5.4 5.8 3.5 29.7 Ore Grade Milled g/t 0.81 0.84 0.79 0.93 1.14 0.88 In addition to these open-pit sources, Perseus is progressing an updated Feasibility Study for the Esuajah South underground deposit, with a view to bringing this project into production later in the decade. If approved through to development, Esuajah South would become the company's second underground mine and its first such operation in Ghana. The combination of Fetish, Esuajah North, and Esuajah South underground has extended the life of mine plane out to FY32. Perseus remains committed to brownfields exploration on its existing mining leases and exploration licences at Edikan to support ongoing production growth and to extend the Edikan production pipeline over the longer updated five-year outlook involves the continuation of mining at Sissingué Stage 4 open pit and commencement of new mining areas at Bagoé and Airport West (included in Sissingué in ) in FY26, as well as a Sissingué Stage 5 open pit cutback in FY27. This plan extends Sissingué's mine life to FY30, producing a total 265koz – 275koz of gold at a weighted average AISC of US$1,580/oz – US$1,680/oz over this an assessment of growth opportunities on site, additional mining inventory was included in the life of mine plan from the Sissingué Stage 5 pit. The addition of the expanded pit in the five-year outlook extends the mine life by approximately 12 months out to FY30, providing a meaningful contribution to Sissingué's production profile from existing mining areas. As part of this assessment other growth options were considered but were not included in the plan, as they require further technical assessment to confirm their economic PRODUCTION INDICATORS UNITS FY26 FY27 FY28 FY29 FY30 TOTAL 5 YEAR OUTLOOKOre Mined – Open pit Mt 1.6 1.3 0.5 0.6 0.2 4.2 Ore Grade Mined – Open pit g/t 1.94 1.86 2.39 2.18 2.34 2.03 Total Mined – Open pit Mt 10.2 9.1 8.0 4.0 0.6 31.9 Strip Ratio t:t 5.40 6.22 14.86 5.43 1.77 6.60Ore Milled Mt 1.6 1.5 1.4 1.0 0.3 5.7 Ore Grade Milled g/t 1.83 1.67 1.35 1.68 1.86 1.65 Infill drilling is included in Sissingué's FY26 budget to confirm the mineralisation and design parameters for the Sissingué Stage 5 pit along with further geotechnical and grade control programmes at Bagoé and Airport West that are intended to further reduce operational PERSON STATEMENT All production targets referred to in this release are underpinned by estimated Ore Reserves and Measured or Indicated Mineral Resources which have been prepared by competent persons in accordance with the requirements of the JORC Code. Edikan The information in this report that relates to the Mineral Resources and Ore Reserve at Edikan was updated by the Company in a market announcement 'Perseus Mining updates Mineral Resources and Ore Reserves' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Edikan Gold Mine, Ghana' dated 7 April 2022 continue to apply. Sissingué, Fimbiasso and Bagoé The information in this report that relates to the Mineral Resources and Ore Reserve at the Sissingué Gold Mine including Fimbiasso and Bagoé was updated by the Company in a market announcement 'Perseus Mining updates Mineral Resources and Ore Reserves' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Sissingué Gold Project, Côte d'Ivoire' dated 29 May 2015 continue to apply. YaouréThe information in this report that relates to the Mineral Resources and Ore Reserve at Yaouré was updated by the Company in a market announcement 'Perseus Mining announces Open Pit and Underground Ore Reserve update at Yaouré' released on 21 August 2024. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Yaouré Gold Project, Côte d'Ivoire' dated 19 December 2023 continue to apply. NyanzagaThe information in this report that relates to the Mineral Resources and Ore Reserve at Nyanzaga was updated by the Company in a market announcement 'Perseus Mining proceeds with development of the Nyanzaga Gold Project' released on 28 April 2025. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in 'Technical Report — Nyanzaga Gold Project' dated 10 June 2025 continue to apply. CAUTION REGARDING FORWARD LOOKING INFORMATION: This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption, development of a mine at Nyanzaga, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws. ASX/TSX CODE: PRUCAPITAL STRUCTURE:Ordinary shares: 1,362,221,512Performance rights: 10,056,681REGISTERED OFFICE:Level 2437 Roberts RoadSubiaco WA 6008Telephone: +61 8 6144 DIRECTORS:Rick MenellNon-Executive ChairmanJeff QuartermaineManaging Director & CEO Amber BanfieldNon-Executive DirectorElissa CorneliusNon-Executive DirectorDan LougherNon-Executive DirectorJohn McGloinNon-Executive Director CONTACTS:Jeff QuartermaineManaging Director & FormanInvestor Relations+61 484 036 RyanMedia Relations+61 420 582 Sie sich an, um Ihr Portfolio aufzurufen.

Hurricane-related tax relief: 4 tips to help you weather the financial aftermath
Hurricane-related tax relief: 4 tips to help you weather the financial aftermath

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Hurricane-related tax relief: 4 tips to help you weather the financial aftermath

As hurricane season begins, experts are sounding the alarm. The 2025 season could bring up to 19 named storms, including potentially five major hurricanes, marking an above-average year for the Atlantic basin. Homeowners are urged to prepare now and understand tax relief options that may soften potential financial hardships due to rising repair costs. Last year, Hurricane Helene caused over $78 billion dollars in damages, according to the National Oceanic and Atmospheric Administration (NOAA). Hurricane season runs from June 1 through Nov. 30 each year. 'Hurricanes can be financially devastating,' says Paul Miller, a certified public accountant (CPA) and managing partner of Miller & Company in New York City. 'Beyond property damage, there's often a major disruption to employment and income, plus out-of-pocket costs for temporary housing, food and repairs.' The good news is that homeowners can get at least some financial and tax relief after a natural disaster strikes. From claiming casualty loss deductions to taking more time to file your tax return, there are key tax breaks that can help. 'The financial recovery process can stretch for years, and having access to tax relief can make a meaningful difference,' Miller says. If you experience damage from a hurricane, you may be able to claim a casualty loss deduction on your federal income tax return. A casualty loss refers to damage or destruction, or an unusual event, such as a hurricane, tornado, or flood. For tax years 2018 through 2025, individuals can claim a casualty loss only if the event is a federally declared disaster. If your loss isn't attributed to a federally declared disaster, you generally won't be able to claim it. 'Unless Congress extends these provisions from the Tax Cuts and Jobs Act (TCJA), we'll likely revert to the pre-2018 rules, which allowed individuals to deduct personal casualty losses even when not linked to a federally declared disaster,' Miller says. If that happens, it 'would broaden the deduction again and could benefit taxpayers experiencing localized or personal property damage that isn't declared a disaster area by the federal government,' he says. To calculate the amount of your claim, start with the smaller of the property's cost or the decrease in its value. Then, subtract the following items: Any insurance or other reimbursements from the casualty loss $100. 10 percent of your adjusted gross income (AGI). When these reductions are taken into account, the amount left over is your casualty loss deduction. Under current tax rules: To claim a casualty loss, you typically need to itemize your deductions using Schedule A and complete Form 4684, which reports gains and losses from casualties and thefts. However, if the loss is considered a qualified disaster loss, which is a specific catastrophic event identified by the IRS (you can find a list here), you can claim the deduction without itemizing. A qualified disaster loss is not subject to the 10 percent reduction in AGI, and the $100 subtraction increases to $500. It is best to seek a CPA or tax professional to help you deduct the correct amount on your tax return. Learn more: Standard deduction vs. itemized deductions: Pros, cons and how to decide When filing your tax return, you'll need to provide documentation substantiating your casualty loss. That's why it's a good idea to take photos and videos of your home and personal property ahead of hurricane season, especially high-value items such as jewelry and collectibles. IRS Publication 584 helps taxpayers document a list of personal property. Here's more on how homeowners can prepare for a hurricane. In some cases after a hurricane, you may decide to sell your home. Typically, after you sell a property at a gain, the profit is taxable, but most homeowners qualify for a valuable capital gain tax exclusion. Specifically, if the home was your primary residence for at least two out of five years before the sale, you'll likely qualify to exclude up to $250,000 of the gain from your taxable income or up to $500,000 if you're married and filing jointly. To qualify for the gain exclusion, you must meet the ownership and use test, which requires that you both owned and lived in the home as your main residence for at least two of the five years leading up to the sale. You're generally not eligible for the exclusion if you've already claimed it on another home sale within the past two years. However, if you lose your home due to a natural disaster, such as a hurricane, you may still qualify to exclude some of the gain — even if you don't fully meet the ownership and use tests — under the IRS' unforeseeable circumstance provision. Under this provision, the IRS allows you to qualify for the gain exclusion if your home was destroyed due to a hurricane or other disaster. You can find more information on this IRS page to see if you qualify. If you're impacted by a natural disaster, such as a hurricane, special tax relief may apply to retirement account withdrawals and repayments. A withdrawal made due to a hurricane may count as a qualified disaster recovery distribution. While the amount is generally taxable, you won't face the 10 percent early withdrawal penalty, normally applied to those under age 59 ½ who withdraw from a retirement account like an IRA or 401(k). To qualify, your withdrawal must: Be from an eligible retirement plan, including a 401(k) or a traditional, SIMPLE or Roth IRA. Be no more than $22,000. Occur on the date of the disaster or later, but no more than 180 days later than the date of the disaster declaration (or the date the disaster started or Dec. 29, 2022, whichever is later). There are additional eligibility rules. Check out this IRS page for more. Learn more: Taxes on IRA and 401(k) withdrawals: What you should know The IRS allows you to choose to report the full amount in the year of distribution or spread the taxable income evenly over three years. For example, if you received a $24,000 qualified disaster recovery distribution in 2025, you can include $8,000 in 2025, 2026 and 2027. You also have the option to repay the full amount within three years from the day of receiving the distribution. If you repay the distribution, the withdrawal is no longer taxable. However, you may need to amend the prior year's tax return to reflect the repayment. Miller suggests if you withdraw funds through a qualified disaster distribution and later decide to repay the amount, you should track your repayment carefully. Also, you must report both the original distribution and repayment amount on Form 8915 (the specific version depends on the disaster year). Learn more: Form 1040-X: How to file an amended tax return After a severe hurricane or other natural event, the IRS typically extends the deadlines to file and pay taxes, and may offer penalty relief. If you live in a federally declared disaster area, generally you don't need to contact the IRS — the IRS automatically identifies affected taxpayers. However, in some cases — for example, if you recently moved to the area where the disaster happened — you may need to contact the IRS disaster assistance hotline at 866.562.5227. If you're affected by a hurricane or natural disaster, visit this IRS page on tax relief in disaster situations and this IRS FAQ page, or call the hotline to learn what specific tax relief options are available to you. 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

Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements
Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements

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Aja Health and Wellness Inc. Provides Update on Delay in Filing Financial Statements

VANCOUVER, British Columbia, June 10, 2025 (GLOBE NEWSWIRE) -- Aja Health and Wellness Inc. ("Aja" or the "Company") (TSXV:Aja) announces that it is getting closer to filing its annual audited financial statements for the financial year ending December 31, 2024, including the related management's discussion and analysis and certifications from the CEO and CFO (the "Required Annual Filings"). On May 6, 2025, the Alberta Securities Commission (the "ASC") issued a management cease trade order (the "MCTO") because the Company was unable to file the Required Annual Filings in time to meet the April 30, 2025 filing deadline. Aja previously announced that the delay in filing the Required Annual Filings was due to the determination that the previously announced reverse takeover transaction, which closed on September 17, 2024, will be characterized as a series of acquisitions for accounting purposes. This characterization requires a valuation of the purchase price allocation to complete the audited financial statements for the financial year ending December 31, 2024. The Company has retained a valuator to complete the valuation and the valuation is in progress. The Company anticipates the valuation will be completed on or before July 4, 2025 and expects to file the Required Annual Filings on or before July 31, 2025. The ASC has approved the MCTO to be left in place until June 30, 2025. While the MCTO restricts all trading in securities of the Company by executive officers of the Company until the MCTO is no longer in effect, regular trading by current and future investors outside the Company continues as normal. The MCTO will be in effect until two full business days after the Required Annual Filings are filed. Until the Required Annual Filings are filed, the Company intends to satisfy the provisions of the Alternative Information Guidelines set out in National Policy 12-203 - Management Cease Trade Orders. Update on Filing of Interim Financial Statements As a result of the delay in filing the Required Annual Filings, Aja previously announced that it was unable to file its unaudited interim financial statements for the three months ended March 31, 2025, the management's discussion and analysis for the same period and management certifications of the interim filings (the "Interim Filings") by the filing deadline of May 30, 2025. Aja is working to complete the Interim Filings as soon as possible and expects the Interim Filings to be filed concurrently with the filing of the Required Annual Filings. On behalf of the Board of Directors "Sanjeev Parsad" Sanjeev ParsadPresident, CEO and Director The above may contain "forward-looking information" within the meaning of applicable securities laws. When used in this address, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, readers are cautioned to not place undue reliance on forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date of publication of this information and the Company undertakes no obligation to update such forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Furthermore, the Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company. All forward-looking statements contained in this news release are expressly qualified by this cautionary further information, contact: Sanjeev Parsad, President and CEOPhone: (604) 678.9115Fax: (604) 678.9279E-mail: sparsad@

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