Latest news with #FOM
The Sun
2 days ago
- Politics
- The Sun
MOSTI outlines three key strategies for FOM to empower MPs
KUALA LUMPUR: The Ministry of Science, Technology and Innovation (MOSTI) has outlined three key strategies for its Friends of Ministry (FOM) initiative. These strategies aim to involve backbench MPs in promoting science, technology, and innovation (STI) culture in their constituencies. According to MOSTI, the initiative is driven by the MADANI Government Backbenchers Club to enhance policy communication. Science, Technology and Innovation Minister Chang Lih Kang stated that the FOM will strengthen grassroots engagement. He added that the MPs' involvement will help deliver STI agendas more effectively to all societal segments. The FOM includes MPs such as Ngeh Koo Ham (PH-Beruas) and Vivian Wong Shir Yee (PH-Sandakan). Other members are Chow Yu Hui (PH-Raub), Lee Chuan How (PH-Ipoh Timor), and Yeo Bee Yin (PH-Puchong). The list also features Chow Kon Yeow (PH-Batu Kawan) and Datuk Mohd Shahar Abdullah (BN-Paya Besar). Additional FOM members include Rodziah Ismail (PKR-Ampang) and Dr Mohammed Taufiq Johari (PKR-Sungai Petani). Rodiyah Sapiee (GPS-Batang Sadong) and Azli Yusof (PH-Shah Alam) are also part of the initiative. Warisan's Isnaraissah Munirah Majilis (Kota Belud) and PBM's Larry Soon (Julau) complete the FOM lineup. One strategy involves MPs participating in MOSTI's flagship programmes like STI 100³ and STI MADANI. Another includes regular policy briefings during parliamentary sessions on legislation and challenges. These briefings will cover updates to the National Science, Technology and Innovation Policy (DSTIN) 2024-2030. The discussions will also address the drafting of the STI Bill and amendments to the Atomic Energy Bill. The third strategy assigns each FOM member as a focal MP for a specific agency under MOSTI. This approach ensures targeted engagement and policy dissemination at the grassroots level. - Bernama
The Sun
5 days ago
- Politics
- The Sun
Malaysia MADANI policies boosted by Friends of Ministry grassroots initiative
KUALA LUMPUR: The Friends of Ministry initiative serves as a vital link between government policies and grassroots communities under the Malaysia MADANI framework. Works Minister Datuk Seri Alexander Nanta Linggi emphasised its role in strengthening ties between ministries and parliamentarians. He described the programme as a platform for sharing information while directly addressing public concerns. The minister made these remarks during an appointment letters ceremony held in Parliament. Paya Besar MP Datuk Mohd Shahar Abdullah, who chairs the MADANI Government Backbenchers Club, attended alongside fellow parliamentarians. Nanta outlined FOM's core functions including policy feedback collection and implementation support. The initiative also focuses on improving multi-level communication channels between stakeholders. Current infrastructure projects under FOM coordination include the Pan Borneo Highway and Sarawak-Sabah Link Road. Nanta highlighted the Trans Borneo Highway and Central Spine Road upgrades as key developments. He stressed that collaborative efforts would ensure safer and more sustainable infrastructure nationwide. The minister expressed confidence in delivering long-term public benefits through this partnership model. He affirmed the government's commitment to translating policies into tangible community improvements. – Bernama
Globe and Mail
10-07-2025
- Business
- Globe and Mail
Foran Receives Shareholder Approval to Complete Second Tranche of $350M Offering
Second Tranche for Gross Proceeds of $54M Expected to Close on or about July 11, 2025 All amounts are in Canadian dollars unless stated otherwise VANCOUVER, BC , July 10, 2025 /CNW/ - Foran Mining Corporation (TSX: FOM) (OTCQX: FMCXF) ("Foran" or the "Company") is pleased to announce that at a special meeting of shareholders of the Company held today (the "Meeting"), the shareholders approved the resolutions required in connection with completing the second tranche of the Company's previously announced $350 million offering (the "Offering"). A total of 213,580,000 common shares of the Company were cast, representing 54.2% of the total issued and outstanding voting common shares of the Company ("Common Shares") as at the record date of May 22, 2025 . Further information and details of the Meeting and the matters brought before the Meeting are contained in the Company's Management Information Circular dated May 30, 2025 (the "Circular), which is available on SEDAR+ at and on the Company's website at Of the votes cast at the Meeting, 211,858,296 Common Shares representing 99.2%, were voted in favour of the Share Issuance Resolution (as defined in the Circular). A report of the voting results of the Meeting has been filed on SEDAR+. As a result of receiving the requisite shareholder approval at the Meeting, the Company intends to close the second tranche of the Offering for aggregate gross proceeds of approximately $54 million (the "Second Tranche Offering") on or about July 11, 2025 . About Foran Mining Foran Mining is a copper-zinc-gold-silver exploration and development company, committed to supporting a greener future and empowering communities while creating value for our stakeholders. The McIlvenna Bay project is located entirely within the documented traditional territory of the Peter Ballantyne Cree Nation, comprises the infrastructure and works related to development activities of the Company, and hosts the McIlvenna Bay Deposit and Tesla Zone. The Company also owns the Bigstone Deposit, a resource-development stage deposit located 25 km southwest of the McIlvenna Bay Property. The McIlvenna Bay Deposit is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. The McIlvenna Bay Property sits just 65 km West of Flin Flon, Manitoba , and is part of the world class Flin Flon Greenstone Belt that extends from Snow Lake, Manitoba , through Flin Flon to Foran's ground in eastern Saskatchewan , a distance of over 225 km. The McIlvenna Bay Deposit is the largest undeveloped VHMS deposit in the region. The Company filed its NI 43-101 compliant 2025 Technical Report on the McIlvenna Bay Project, Saskatchewan, Canada (the "2025 Technical Report") on March 12, 2025 , with an effective date and report date of March 12, 2025 , outlining a mineral resource in respect of the McIlvenna Bay Deposit estimated at 38.6 Mt grading 2.02% CuEq in the Indicated category and an additional 4.5 Mt grading 1.71% CuEq in the Inferred category. Investors are encouraged to consult the full text of the 2025 Technical Report which is available on SEDAR+ at under the Company's profile. The Company's head office is located at 409 Granville Street, Suite 904, Vancouver, BC , Canada , V6C 1T2. Common Shares of the Company are listed for trading on the TSX under the symbol "FOM" and on the OTCQX under the symbol "FMCXF". CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS This news release contains certain forward-looking information and forward-looking statements, as defined under applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or to the future performance of Foran Mining Corporation and reflect management's expectations and assumptions as of the date hereof or as of the date of such forward looking statement. Such forward-looking statements include, but are not limited to statements regarding our objectives and our strategies to achieve such objectives; our beliefs, plans, estimates, projections and intentions, and similar statements concerning anticipated future events; and specific statements in respect of our intended timing to complete the Second Tranche Offering; intentions with respect to the McIlvenna Bay Deposit; and estimates in respect of our 2025 Technical Report. All statements other than statements of historical fact are forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Inherent in forward-looking statements are known and unknown risks, estimates, assumptions, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this news release. These factors include management's belief or expectations relating to the following and, in certain cases, management's response with regard to the following: the Company's reliance on the McIlvenna Bay Property; the certainty of funding, including that all requisite regulatory approvals will be obtained and that the proceeds from the Offering will be applied as anticipated; government, securities, and stock exchange regulation and policy, including with respect to receiving TSX approval for the Second Tranche Offering; and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at The forward-looking statements contained in this news release reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include the accuracy of mineral reserve and resource estimates and the assumptions upon which they are based; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; success of the Company's projects, including the McIlvenna Bay Project; prices for copper, zinc, gold and silver remaining as estimated; availability of funds for the Company's projects; that infrastructure anticipated to be developed, operated or made available by third parties will be developed, operated or made available as currently anticipated; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Readers are cautioned not to place undue reliance on forward-looking statements and should note that the assumptions and risk factors discussed in this press release are not exhaustive. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. All forward-looking statements herein are qualified by this cautionary statement. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Additional information about these assumptions, risks and uncertainties is contained in our filings with securities regulators on SEDAR+ in Canada (available at
Times
08-07-2025
- Automotive
- Times
Mohammed Ben Sulayem: We've spoken with China about new F1 team
The FIA president Mohammed Ben Sulayem says he has held talks with a Chinese manufacturer over a potential 12th Formula 1 team. Ben Sulayem has visited China and would like the biggest automotive region in the world to be represented on the Formula 1 grid. The sport does have a Chinese driver in Zhou Guanyu, who is a reserve for Ferrari, while the Chinese Grand Prix in Shanghai is contracted to remain on the calendar until at least 2030. Asked if there had been an approach from the Chinese, Ben Sulayem replied: 'Talks. I still feel that we need more teams [rather] than more races. If there is a Chinese [bid] I will speak on behalf of FOM [Formula One Management] now, in front of you, they will agree on that because it is good for business. 'Think of the long term. If there is another team from China, they [will] approve it, 100 per cent they will approve it. Wouldn't it make more money with China coming in? I believe [so], yes. Do we have to fill up another 12th team for the sake of filling up that 12th team? No, it will be the right team.' As of yet, there is no official bid for the FIA, world motorsport's governing body, or FOM to consider. A consortium of North American investors, advised by Otmar Szafnauer, the former Alpine team principal, are also interested in forming a 12th team, although the best option may well be to buy an existing one. Some teams are already complaining of the impact Cadillac's entry will have on their income next season, with the American team taking some of their staff members. In March, Cadillac were officially approved for their entry in 2026. 'I am here as a sportsman and I'd like to keep the spirit of the sport,' Ben Sulayem said. 'Of course, they will have to say, 'Oh, it's a piece of cake, and now it's been divided into 11.' Yes, I see the point. But the revenue is getting bigger.' Ben Sulayem was as bullish as ever, speaking 48 hours after Tim Mayer officially announced his intention to run against him in December's FIA presidential election. Mayer, the 59-year-old former FIA steward, accused Ben Sulayem of overseeing a 'reign of terror' since taking charge in December 2021. 'I feel for people [who] say this,' Ben Sulayem said. 'They are disconnected from the FIA. He has worked as a steward. A steward doesn't mean you're an insider of the FIA, as a steward you're not staff. The FIA has a different way of working. 'The FIA works for the members and to promote the sport, they don't work as before just for the promoter. If we want to grow motorsport we have to go back to the members and listen to them and see what they want. We'll have to listen to them, they're the ones that make the FIA, they're the biggest and strongest body. 'If I go and defend myself… I have other things to do. I am really busy. I am not going to fall into this way of campaigning where I answer someone. He is free to say whatever he wants. We say in our culture in Arabic: '[The] tongue has no bones.'' Ben Sulayem also suggested that any criticism of him on issues such as his swearing ban, which he later softened, and his lack of transparency was manufactured by the media. Drivers, including George Russell and Carlos Sainz Jr, have criticised Ben Sulayem but the president insisted they could call him with any issues and that his public perception would not affect the election. 'I know how strong your media is in the UK, you can bring a prime minister down twice a year, down in his cabinet, but you don't have that effect on the FIA,' he said. 'Honest to God, I'm [saying] it humbly. You don't even have an effect any more on the members. 'Let's see, they will get me out, then? They have the power to get me out. It's about the members. And when I see this, smiling [at him]. Maybe they're smiling truly or not, but it's their decision.' Elsewhere, the Mercedes team principal Toto Wolff confirmed that talks took place at the weekend with Flavio Briatore, Alpine's executive adviser, over bringing the Mercedes reserve driver Valtteri Bottas to the team. He could replace Franco Colapinto, who had another poor race weekend, crashing in qualifying before a gearbox issue prevented him starting Sunday's British Grand Prix.
TimesLIVE
08-07-2025
- Automotive
- TimesLIVE
F1 could return to naturally aspirated V8s by 2029, says Ben Sulayem
Formula One could go back to using noisy V8 engines with fully sustainable fuel by 2029 at the earliest, according to FIA president Mohammed Ben Sulayem. The sport is entering a new engine era next season, but the head of the governing body suggested last February that a return to the naturally aspirated V8s or V10s was being considered after that. The V8 engines were last used in 2013 before the 1.6l turbocharged V6 units. "The engine is so complicated, you have no idea, and it is costly," Ben Sulayem told reporters at the weekend's British Grand Prix. "R&D is reaching $200m (R3,562,554,000), and the engine is costing about $1.8m (R32m) to $2.1m (R37.4m), so if we go with a straight V8, let's see. "Many manufacturers produce V8s in their cars, so commercially it's correct. How much is it? You drop it. The target is more than 50% in everything." Ben Sulayem said the V8 engine would also have significant weight advantages and the sound would be welcomed by nostalgic fans and the new generation. "To us, the V8 is happening. With the teams, I'm very optimistic and happy about it. FOM (Formula One Management) are supportive, the teams are realising it is the right way," he said. "We need to do it soon. You need three years, so hopefully by 2029 we have something there, but the fuel is also very expensive, and we have to be very careful with that. Transmissions are very expensive." Ben Sulayem also spoke about the possibility of a Chinese team filling the final 12th slot, something he has mentioned before, and said he felt the sport needed more cars rather than more races. "The time will come when we feel it is right to open an expression of interest," he said about filling the 12th slot. "We are not here to upset other teams. It won't be go and do it for the sake of doing it. It has to be worth it for us. The team has to add value to sustaining the business of Formula One." General Motors' Cadillac brand is due to become the 11th team next season, a slot won after initial resistance from the other teams and Liberty Media-owned Formula One.
