Latest news with #Corporation
The Hindu
18 hours ago
- Business
- The Hindu
Amid opposition, GCC advances Solid Waste Processing Facility project at Kodungaiyur
In spite of great public opposition to its proposal, the Greater Chennai Corporation (GCC) has moved forward with its ₹1,268.38 crore plan to establish an Integrated Solid Waste Processing Facility (IWPF) near the dump yard at Kodungaiyur. The civic body has initiated the process to appoint an independent engineer (IE) to supervise the implementation of the project. This was after a tender worth ₹8.53 crore in this regard was floated recently. The engineer will oversee not only the IWPF but also related infrastructure at the dump yard. The engineer will be responsible for supervising construction of the IWPF, reviewing claims, certifying payments, monitoring key performance indicators, and inspecting the condition of project facilities. All communication with the private firm involved in the project will be routed through the Corporation, according to the GCC. The IE is also required to conduct periodic inspections, and submit compliance reports during both the construction and operational phases The appointment will cover a three-year term, including the construction period and part of the operations phase, with scope for extension. Phase-wise construction planned The IWPF project in Kodungaiyur comprises four core infrastructure components: a waste-to-energy (WtE) power plant, an automated material recovery facility (MRF), a composting unit, and a bio-CNG plant. The WtE and MRF facilities account for ₹1,026.41 crore of the total cost, while the composting and bio-CNG units are estimated at ₹142.97 crore and ₹99 crore, respectively. The capital investment for Phase I stands at ₹853.20 crore, with Phase II projected at ₹415.18 crore. Processed waste will be handled at the site, with transportation of residual matter to a designated sanitary landfill. Notably, a demonstration against the Waste-to-Energy component of this project was held, headed by the Federation of North Chennai Residents' Welfare Associations, from Sivasakthi Amman temple in Ezhil Nagar of Kodungaiyur on May 25.
Saba Yemen
19 hours ago
- Health
- Saba Yemen
Hodeida: Arrangements for health control of sacrificial animals, protection of livestock
Hodeida - Saba: With the approach of Eid al-Adha, the Slaughterhouses Corporation in Hodeida governorate is intensifying its arrangements to enhance health control of sacrificial animals and ensure their safety. This is part of measures aimed at preventing the slaughter of female and young livestock and preserving livestock, in coordination with the relevant authorities. The Corporation has begun implementing a series of measures to enhance the readiness of official slaughterhouses, train veterinary personnel, and intensify awareness and oversight campaigns as part of a pre-planned plan to protect livestock from depletion and raise awareness of the importance of slaughtering sacrificial animals in accordance with approved health standards. Hodeida is one of the governorates that relies on official slaughterhouses to regulate slaughtering operations, in the absence of licensed private slaughterhouses. This reinforces the responsibilities of the Slaughterhouses and Meat Sales Corporation in health control, performance regulation, and service provision to citizens. With the expansion of meat markets and the increasing number of consumers during Eid al-Adha, the phenomenon of slaughtering female and young livestock emerges as one of the most prominent challenges threatening livestock. This requires the institution and relevant authorities to intensify measures and raise community awareness to curb practices that harm this wealth. In this context, Abdullah al-Sharif, Director of the Governorate's Slaughterhouses Corporation, explained that the corporation has begun implementing a plan that includes training veterinary personnel to inspect sacrificial animals and ensure their safety, and preparing central and branch slaughterhouses to receive sacrifices from citizens, restaurants, and butchers. Al-Sharif pointed out that an awareness campaign has been launched, including the distribution of posters and instructions on the conditions of sacrifice, the permissible age, and the locations and operating hours of slaughterhouses, contributing to raising awareness and ensuring safe slaughter. He explained that the Corporation has recently completed the renovation and maintenance of the city's central slaughterhouse, funded by the Agricultural and Fisheries Projects and Initiatives Financing Unit. This project has contributed to improving the work environment and raising the level of veterinary services. He noted that the Corporation is seeking to approve four projects to expand infrastructure, modernize equipment, and increase operational and oversight capacity. Regarding slaughter violations, al-Sharif indicated that the Corporation enforces the Slaughterhouse Law, which stipulates the confiscation of violating meat after inspection, after which it is distributed to prisons, orphanages, and nursing homes. Fines are imposed and facilities are closed in the event of repeated violations. He emphasized that the slaughter of female and young livestock poses a direct threat to livestock, due to its negative repercussions on food security and meat quality. He explained that the Corporation has implemented two awareness campaigns over the past two years to raise awareness of the dangers of these practices. Al-Sharif pointed out that a large percentage of Eid al-Adha sacrifices are slaughtered in official slaughterhouses, particularly by organizations and government agencies, thanks to awareness-raising efforts and ongoing coordination, along with the increasing demand for slaughter in slaughterhouses due to the health guarantees they provide. The Director of the Slaughterhouses Corporation indicated that oversight during the Eid season relies on field teams operating around the clock, in addition to three branches within the city, and representatives in the directorates to monitor procedures and detect violations. For his part, Asaad al-Arami, Deputy Director of the General Corporation for Slaughterhouses and Meat Sales, explained that the corporation is keen to implement a mechanism for veterinary inspection before and after slaughter, and that this mechanism is reinforced during Eid by increasing staff and providing equipment to ensure meat safety. He called for integrated media and community efforts to promote a culture of organized slaughter, appreciating the support and cooperation of the local authority leadership with the corporation, which contributes to protecting livestock and enhancing food security. The arrangements implemented by the Slaughterhouses Corporation in Hodeida prior to Eid al-Adha reflect its commitment to implementing safety standards and protecting public health. Whatsapp Telegram Email Print more of (Reports)
CBC
2 days ago
- Business
- CBC
Tarquti Energy Corporation to develop wind energy for 2 Nunavik communities
Tarquti Energy Corporation will develop the project. Energy produced by the turbines will be sold to Hydro-Québec, who will then sell electricity to building owners in the communities.
Yahoo
2 days ago
- Business
- Yahoo
Leading Independent Proxy Advisor ISS Recommends Sherritt Shareholders Vote FOR All Resolutions and Director Nominees
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Warning: Self-interested shareholder SC2 Inc., an affiliate of Seablinc Canada Inc., a supplier to the Moa JV, seeks control of Sherritt for its own gain, without a credible plan or a premium, risking the Corporation's financial stability and strategic goals Sherritt's Board urges shareholders to vote FOR all resolutions and nominees well in advance of the proxy voting deadline on Friday, June 6, 2025, at 10:00 a.m. (Eastern Time) For assistance voting, contact Kingsdale Advisors at 1-866-229-8263 (toll-free in North America) or (437) 561-5030 (text and collect calls outside of North America) or at contactus@ For more detailed information, including a letter to shareholders from Sherritt's Board Chairman, please visit TORONTO, May 30, 2025--(BUSINESS WIRE)--Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX:S), a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition – today reported that Institutional Shareholder Services Inc. ("ISS") has recommended that shareholders vote FOR all resolutions and director nominees ahead of the upcoming Annual and Special Meeting of Shareholders. ISS is a leading independent proxy advisor, who carefully reviews the information regarding upcoming shareholder meetings and then makes a voting recommendation. ISS is the second leading independent proxy advisor to recommend that shareholders vote FOR all resolutions. Glass, Lewis & Co. LLC previously recommended shareholders vote FOR all resolutions, recognizing the significant progress Sherritt has made under its current Board and management team. SC2 Inc. ("SC2") has publicly stated its intent to withhold support for all incumbent director nominees. However, SC2 is far from a typical shareholder. It was created to obscure the fact that Seablinc Canada Inc. ("Seablinc"), a significant supplier to Sherritt's Moa Joint Venture, is behind its campaign to remove and replace the Corporation's incumbent directors. SC2's actions appear to be the first step in Seablinc's broader agenda to secure a more lucrative supplier arrangement with the Moa Joint Venture, prioritizing its own commercial interests over the long-term success of the Corporation. Adding to the concern, SC2 has entered into an agreement with a third party that has the effect of limiting its upside on nearly 75% of its Sherritt shares. Under this agreement, SC2 granted an irrevocable option for a third party to acquire up to 30,000,000 of its Sherritt shares at a fixed price of $0.17 per share between August 1, 2025, and May 1, 2026. This arrangement demonstrates that SC2 has effectively borrowed shares to gain influence without a long-term commitment to Sherritt. Such short-term, opportunistic behavior is misaligned with the interests of Sherritt's broader shareholder base and is a risk to the Corporation's financial stability and strategic goals. In a detailed letter, Sherritt exposes SC2's motives and underscores the critical importance of voting FOR all resolutions to protect the Corporation's future and sustain its strategic momentum. Shareholders can access the full letter at Protect Your Investment: Vote FOR All Resolutions and Director Nominees Time is short. Sherritt's Board urges shareholders to vote FOR all resolutions and nominees in advance of the proxy voting deadline on Friday, June 6, 2025, at 10:00 a.m. (Eastern Time). Shareholders requiring assistance with voting are encouraged to contact Sherritt's strategic shareholder advisor and proxy solicitation agent, Kingsdale Advisors, at: Phone: 1-866-229-8263 (toll-free in North America) or (437) 561-5030 (text and collect calls outside of North America) Email: contactus@ For more detailed information, including the full shareholder letter, please visit About Sherritt Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Sherritt's Moa Joint Venture has an estimated mine life of approximately 25 years and is advancing an expansion program focused on increasing annual MSP production by 20% of contained nickel and cobalt. The Corporation's Power division, through its ownership in Energas, is the largest independent energy producer in Cuba with installed electrical generating capacity of 506 MW, representing approximately 10% of the national electrical generating capacity in Cuba. The Energas facilities are comprised of two combined cycle plants that produce low-cost electricity from one of the lowest carbon emitting sources of power in Cuba. Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol "S". FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements. Forward-looking statements can generally be identified by the use of statements that include such words as "believe", "expect", "anticipate", "intend", "plan", "forecast", "likely", "may", "will", "could", "should", "suspect", "outlook", "potential", "projected", "continue" or other similar words or phrases. Specifically, forward-looking statements in this document include, but are not limited to, statements regarding strategies, plans and estimated production amounts resulting from expansion of mining operations at the Moa JV and dividend growth from the Power division. Forward-looking statements are not based on historical facts, but rather on current expectations, assumptions and projections about future events, including commodity and product prices and demand; the level of liquidity and access to funding; share price volatility; nickel, cobalt and fertilizer production results and realized prices; current and future demand products produced by Sherritt; global demand for electric vehicles and the anticipated corresponding demand for cobalt and nickel; revenues and net operating results; environmental risks and liabilities; compliance with applicable environmental laws and regulations; advancements in environmental and greenhouse gas ("GHG") reduction technology; GHG emissions reduction goals and the anticipated timing of achieving such goals, if at all; statistics and metrics relating to Environmental, Social and Governance ("ESG") matters which are based on assumptions or developing standards; environmental rehabilitation provisions; risks related to the U.S. government policy toward Cuba; current and future economic conditions in Cuba; the level of liquidity and access to funding; Sherritt share price volatility; and certain corporate objectives, goals and plans for 2025. By their nature, forward-looking statements require the Corporation to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that the assumptions may not be correct and that actual results may differ materially from such predictions, forecasts, conclusions or projections. The Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, commodity risks related to the production and sale of nickel cobalt and fertilizers; security market fluctuations and price volatility; level of liquidity of Sherritt, including access to capital and financing; the ability of the Moa JV to pay dividends; the risk to Sherritt's entitlements to future distributions (including pursuant to the Cobalt Swap) from the Moa JV; risks related to Sherritt's operations in Cuba; risks related to the U.S. government policy toward Cuba, including the U.S. embargo on Cuba and the Helms-Burton legislation; political, economic and other risks of foreign operations, including the impact of geopolitical events on global prices for nickel, cobalt, fertilizers, or certain other commodities; uncertainty in the ability of the Corporation to enforce legal rights in foreign jurisdictions; uncertainty regarding the interpretation and/or application of the applicable laws in foreign jurisdictions; risk of future non-compliance with debt restrictions and covenants; risks related to environmental liabilities including liability for reclamation costs, tailings facility failures and toxic gas releases; compliance with applicable environment, health and safety legislation and other associated matters; risks associated with governmental regulations regarding climate change and greenhouse gas emissions; risks relating to community relations; maintaining social license to grow and operate; uncertainty about the pace of technological advancements required in relation to achieving ESG targets; risks to information technologies systems and cybersecurity; risks associated with the operation of large projects generally; risks related to the accuracy of capital and operating cost estimates; the possibility of equipment and other failure; potential interruptions in transportation; identification and management of growth opportunities; the ability to replace depleted mineral reserves; risks associated with the Corporation's joint venture partners; variability in production at Sherritt's operations in Cuba; risks associated with mining, processing and refining activities; risks associated with the operation of large projects generally; risks related to the accuracy of capital and operating cost estimates; the possibility of equipment and other failures; uncertainty of gas supply for electrical generation; reliance on key personnel and skilled workers; growth opportunity risks; uncertainty of resources and reserve estimates; the potential for shortages of equipment and supplies, including diesel; supplies quality issues; risks related to the Corporation's corporate structure; foreign exchange and pricing risks; credit risks; competition in product markets; future market access; interest rate changes; risks in obtaining insurance; uncertainties in labour relations; legal contingencies; risks related to the Corporation's accounting policies; uncertainty in the ability of the Corporation to obtain government permits; failure to comply with, or changes to, applicable government regulations; bribery and corruption risks, including failure to comply with the Corruption of Foreign Public Officials Act or applicable local anti-corruption law; the ability to accomplish corporate objectives, goals and plans for 2025; and the ability to meet other factors listed from time to time in the Corporation's continuous disclosure documents. The Corporation, together with its Moa JV, is pursuing a range of growth and expansion opportunities, including without limitation, process technology solutions, development projects, commercial implementation opportunities, life of mine extension opportunities and the conversion of mineral resources to reserves. In addition to the risks noted above, factors that could, alone or in combination, prevent the Corporation from successfully achieving these opportunities may include, without limitation: identifying suitable commercialization and other partners; successfully advancing discussions and successfully concluding applicable agreements with external parties and/or partners; successfully attracting required financing; successfully developing and proving technology required for the potential opportunity; successfully overcoming technical and technological challenges; successful environmental assessment and stakeholder engagement; successfully obtaining intellectual property protection; successfully completing test work and engineering studies, prefeasibility and feasibility studies, piloting, scaling from small scale to large scale production, procurement, construction, commissioning, ramp-up to commercial scale production and completion; and securing regulatory and government approvals. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Corporation. In addition, the Corporation will incur costs in pursuing any particular opportunity, which may be significant. Readers are cautioned that the foregoing list of factors is not exhaustive and should be considered in conjunction with the risk factors described in the Corporation's other documents filed with the Canadian securities authorities, including without limitation the "Managing Risk" section of the Management's Discussion and Analysis for the three months ended March 31, 2025 and the Annual Information Form of the Corporation dated March 24, 2025 for the period ending December 31, 2024, which is available on SEDAR+ at The Corporation may, from time to time, make oral forward-looking statements. The Corporation advises that the above paragraph and the risk factors described in this press release and in the Corporation's other documents filed with the Canadian securities authorities should be read for a description of certain factors that could cause the actual results of the Corporation to differ materially from those in the oral forward-looking statements. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. View source version on Contacts For more information, please contact:FGS Longview (Media Contact)Email: sherritt@ Sherritt Investor RelationsTom Halton, Director of Investor Relations and Corporate AffairsTelephone: (416) 935-2451Toll-free: 1 (800) 704-6698Email: investor@ Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
2 days ago
- Business
- Yahoo
Galway Metals Announces Closing of Oversubscribed Private Placement
TORONTO, May 30, 2025 (GLOBE NEWSWIRE) -- Galway Metals Inc. (TSXV: GWM) ('Galway' or the 'Corporation') is pleased to announce that it has closed a non-brokered private placement (the 'Private Placement') consisting of an aggregate of 7,350,000 flow-through shares of the Corporation ('FT Shares') at a price of $0.36 per FT Share and 4,635,000 units of the Corporation ('Units') at a price of $0.33 per Unit for aggregate gross proceeds to the Corporation of $4,175,550. The original offering was increased as the amount surpassed the Corporation's previous target of $4,000,000. Each Unit consists of one common share of the Corporation, and one common share purchase warrant (a 'Warrant'). Each Warrant will entitle the holder to acquire one non-flow-through common share of the Corporation for an exercise price of $0.50 per share for a period of 3 years from the closing date of the Private Placement. Each FT Share qualifies as 'flow-through shares' within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the 'Tax Act'). The gross proceeds of the Private Placement will be used for 'Canadian exploration expenses' (within the meaning of the Tax Act), which will qualify, once renounced, as 'flow-through mining expenditures', as defined in the Tax Act, which will be renounced with an effective date of no later than December 31, 2025 (provided the subscriber deals at arm's length with the Corporation at all relevant times) to the subscribers of FT Shares in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In connection with the closing of the Private Placement, arm's-length finders, Eskar Capital Corporation, Devon Capital Inc., and Generic Capital Corporation will receive an aggregate of $116,640 as cash finders' commissions. Pursuant to applicable Canadian securities laws, all securities issued in connection with the Private Placement are subject to a hold period of four months and one day, expiring on October 1, 2025. The Private Placement remains subject to the final approval of the TSX Venture Exchange (the 'TSXV'). About Galway Metals Inc. Galway Metals is focused on creating significant per share value through the exploration and sustainable development of its two 100%-owned projects in Canada. Galway's flagship project, Clarence Stream, is one of the most important gold districts in Atlantic Canada as it hosts a large, high-grade gold resource in SW New Brunswick. Also important is Estrades, the former-producing, high-grade, gold- and zinc-rich polymetallic VMS mine in the northern Abitibi of western Quebec as it hosts significant resources in the middle of a major gold camp. After its successful spinout to existing shareholders from Galway Resources following the completion of the US$340 million sale of that company. The company is looking to replicate the same success in Canada with our two highly perspective projects. Should you have any questions and for further information, please contact (toll free): Galway Metals Inc. Robert Hinchcliffe President & Chief Executive Officer 1-800-771-0680 Website: Email: info@ us up on Facebook, Twitter or LinkedIn NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to the Corporation's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the use of proceeds from the Private Placement. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of the Corporation, the TSXV not providing its final approval for the Private Placement, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking 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
