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Hamilton Spectator
20 hours ago
- Business
- Hamilton Spectator
Methanex Corporation Completes Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that it has completed the previously announced acquisition of OCI Global's ('OCI') international methanol business. As part of the transaction, first announced in September 2024, Methanex has acquired an interest in i) two world-scale methanol facilities in Beaumont, Texas, which have access to robust North American natural gas feedstock and one of which also produces ammonia, ii) a low-carbon methanol production and marketing business, and iii) a currently idled methanol facility in the Netherlands. The transaction consideration consists of approximately $1.2 billion of cash, excluding adjustments to working capital and cash acquired, the issuance of approximately 9.9 million common shares of Methanex and the assumption of approximately $450 million in debt and leases. 'We are excited to complete this important strategic acquisition and to welcome a talented team to Methanex,' said Rich Sumner, President and CEO of Methanex. 'I want to thank the individuals that worked diligently to successfully close this acquisition. As we move forward, our focus is on ensuring a smooth integration, maintaining safe and stable operations, and delivering the strategic benefits of this acquisition.' In connection with the transaction, Methanex has filed a base shelf prospectus (the 'Prospectus') with the securities regulatory authority in the Province of British Columbia in accordance with a customary registration rights agreement entered into between Methanex and OCI. The Prospectus will also be filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at . Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851
Associated Press
20 hours ago
- Business
- Associated Press
Methanex Corporation Completes Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that it has completed the previously announced acquisition of OCI Global's ('OCI') international methanol business. As part of the transaction, first announced in September 2024, Methanex has acquired an interest in i) two world-scale methanol facilities in Beaumont, Texas, which have access to robust North American natural gas feedstock and one of which also produces ammonia, ii) a low-carbon methanol production and marketing business, and iii) a currently idled methanol facility in the Netherlands. The transaction consideration consists of approximately $1.2 billion of cash, excluding adjustments to working capital and cash acquired, the issuance of approximately 9.9 million common shares of Methanex and the assumption of approximately $450 million in debt and leases. 'We are excited to complete this important strategic acquisition and to welcome a talented team to Methanex,' said Rich Sumner, President and CEO of Methanex. 'I want to thank the individuals that worked diligently to successfully close this acquisition. As we move forward, our focus is on ensuring a smooth integration, maintaining safe and stable operations, and delivering the strategic benefits of this acquisition.' In connection with the transaction, Methanex has filed a base shelf prospectus (the 'Prospectus') with the securities regulatory authority in the Province of British Columbia in accordance with a customary registration rights agreement entered into between Methanex and OCI. The Prospectus will also be filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851
Yahoo
13-06-2025
- Business
- Yahoo
Sprott Physical Platinum and Palladium Trust Updates Its 'At-the-Market' Equity Program
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management LP ('Sprott Asset Management'), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the 'Trust'), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to U.S.$100 million of units of the Trust ('Units') in the United States and Canada. Distributions under the at-the-market equity programs in the United States and Canada (together, the 'ATM Program') will be completed in accordance with the terms of an amended and restated sales agreement (the 'Sales Agreement') dated December 6, 2024, as amended on May 2, 2025, between Sprott Asset Management (as the manager of the Trust), the Trust, Cantor Fitzgerald & Co. ('Cantor'), Cantor Fitzgerald Canada Corporation ('Cantor Canada'), Virtu Americas LLC ('Virtu'), Virtu Canada Corp. ('Virtu Canada'), BMO Capital Markets Corp. ('BMO'), BMO Nesbitt Burns Inc. ('BMO Canada'), Canaccord Genuity LLC ('Canaccord' and, together with Cantor, Virtu and BMO, the 'U.S. Agents') and Canaccord Genuity Corp. ('Canaccord Canada' and, together with Cantor Canada, Virtu Canada and BMO Canada, the 'Canadian Agents' and, together with the U.S. Agents, the 'Agents'). The Sales Agreement is available on EDGAR at the United States Securities and Exchange Commission's (the 'SEC') website at and the SEDAR+ website maintained by the Canadian Securities Administrators at Sales of Units through the Agents, acting as agent, will be made through 'at the market' issuances on the NYSE Arca ('NYSE') and the Toronto Stock Exchange ('TSX') or other existing trading markets in the United States and Canada at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. None of the U.S. Agents are registered as dealers in any Canadian jurisdiction and, accordingly, the U.S. Agents will only sell Units on marketplaces in the United States and are not permitted to and will not, directly or indirectly, advertise or solicit offers to purchase any Units in Canada. The Canadian Agents may only sell Units on marketplaces in Canada. The volume and timing of distributions under the ATM Program, if any, will be determined in the Trust's sole discretion. The Trust intends to use the proceeds from the ATM Program, if any, to acquire physical platinum and palladium bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions. The offering under the ATM Program is being made pursuant to a prospectus supplement dated June 12, 2025 (the 'U.S. Prospectus Supplement') to the Trust's U.S. base prospectus (the 'U.S. Base Prospectus') included in its registration statement on Form F-10 (the 'Registration Statement') (File No. 333-287978) filed with the SEC on June 12, 2025, and pursuant to a prospectus supplement dated June 12, 2025 (the 'Prospectus Supplement') to the Trust's Canadian short form base shelf prospectus dated June 12, 2025 (the 'Base Shelf Prospectus' and together with the Prospectus Supplement, the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement, the 'Offering Documents'). The U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available on EDGAR at the SEC's website at and the Prospectus Supplement and the Base Shelf Prospectus are available on the SEDAR+ website maintained by the Canadian Securities Administrators at Before you invest, you should read the Offering Documents and other documents that the Trust has filed for more complete information about the Trust, the Sales Agreement and the ATM Program. Listing of the Units sold pursuant to the ATM Program on the NYSE and the TSX has been approved by the NYSE and the TSX, as applicable, subject to all applicable listing requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction. About Sprott and Sprott Asset ManagementSprott Asset Management is a wholly-owned subsidiary of Sprott and is the investment manager to the Trust. Sprott is a global leader in precious metals and critical materials investments. At Sprott, we are specialists. Our in-depth knowledge, experience and relationships separate us from the generalists. Our investment strategies include Exchange Listed Products, Managed Equities and Private Strategies. Sprott has offices in Toronto, New York, Connecticut and California and Sprott's common shares are listed on the NYSE and the TSX under the symbol 'SII'. About the TrustImportant information about the Trust, including its investment objectives and strategies, applicable management fees, and expenses, is contained in the Trust's annual information form for the year ended December 31, 2024 (the 'AIF'). Commissions, management fees, or other charges and expenses may be associated with investing in the Trust. The performance of the Trust is not guaranteed, its value changes frequently and past performance is not an indication of future results. Caution Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable United States securities laws and forward-looking information within the meaning of Canadian securities laws (collectively, 'forward-looking statements'). Forward-looking statements in this press release include, without limitation, investor demands for Units, statements regarding the ATM Program, including the intended use of proceeds from the sale of Units, any sale of Units and the timing and ability of the Trust to obtain all necessary approvals in connection with a sale of Units. With respect to the forward-looking statements contained in this press release, the Trust has made numerous assumptions regarding, among other things, the platinum and palladium market. While the Trust considers these assumptions to be reasonable, these assumptions are inherently subject to significant business, economic, competitive, market and social uncertainties and contingencies. Additionally, there are known and unknown risk factors that could cause the Trust's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release. A discussion of risks and uncertainties facing the Trust appears in the Offering Documents, as updated by the Trust's continuous disclosure filings, which are available at and All forward-looking statements herein are qualified in their entirety by this cautionary statement, and the Trust disclaims any obligation to revise or update any such forward-looking statements or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments, except as required by law. For more information: Glen WilliamsManaging DirectorInvestor and Institutional Client RelationsDirect: 416-943-4394gwilliams@
Associated Press
22-02-2025
- Business
- Associated Press
Skeena Resources Limited Announces the Filing of the Final Prospectus Supplement in Respect of Its Approximately C$70.5 Million Bought Deal Financing
The Base Shelf Prospectus and the Final Prospectus Supplement are Accessible Through SEDAR+ VANCOUVER, BC / ACCESS Newswire / February 21, 2025 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) ('Skeena Gold & Silver', 'Skeena' or the 'Company') is pleased to announce that it has filed a final prospectus supplement and entered into an underwriting agreement (the 'Underwriting Agreement') with a syndicate of underwriters led by BMO Capital Markets (collectively, the 'Underwriters') in respect of its previously announced bought deal offering of 4,800,000 common shares of the Company (the 'Common Shares'), at a price of C$14.70 per Common Share for aggregate gross proceeds of approximately C$70.5 million (the 'Offering'). The Company has granted the Underwriters an option, exercisable in whole or in part, at any time up to 48 hours prior to closing of the Offering ('Closing'), to increase the aggregate number of Common Shares (including any Flow-Through Common Shares (as defined below)) purchased in the Offering by 15% (the 'Underwriters' Option'). The Underwriters may elect, at any time up to 48 hours prior to Closing, to have up to 2,230,000 Common Shares issuable under the Offering (including any Common Shares issuable upon exercise of the Underwriters' Option) to be issued as 'flow-through shares' ('Flow-Through Common Shares') at a price of C$17.93 per Flow-Through Common Share (the 'Flow-Through Election'). Each Flow-Through Common Share will qualify as a 'flow-through share' within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the 'Tax Act'). If the Underwriters were to make the Flow-Through Election in full (excluding any shares issuable upon exercise of the Underwriters' Option), this would increase the aggregate gross proceeds to the Company of the Offering to approximately C$78 million. The Common Shares, including any Flow-Through Common Shares (together, the 'Offered Shares'), will be offered by way of a prospectus supplement to the Company's base shelf prospectus (the 'Base Shelf Prospectus') in all of the provinces of Canada, excluding Quebec. The Offered Shares will also be offered by way of a U.S. prospectus supplement to the Company's registration statement on Form F-10 (the 'Registration Statement') (including the Base Shelf Prospectus) in the United States. The Offering is expected to close on or about February 26, 2025, and is subject to customary closing conditions, including but not limited to Skeena receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the Offered Shares having been approved for listing on the New York Stock Exchange. Access to the prospectus supplements relating to the Offering, the Base Shelf Prospectus and any amendments thereto are provided in Canada in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The Base Shelf Prospectus and the final prospectus supplement are accessible on Skeena's issuer profile on SEDAR+ at An electronic or paper copy of the Base Shelf Prospectus, Registration Statement and prospectus supplements relating to the Offering may be obtained, without charge, upon request in Canada by contacting BMO Nesbitt Burns Inc. Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at [email protected], and in the United States by contacting BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by telephone at (800) 414-3627 or by email at [email protected]. Copies of the Base Shelf Prospectus and the prospectus supplements can be found under the Company's profile on SEDAR+ at and a copy of the Registration Statement and the U.S. prospectus supplement can be found on EDGAR at Before investing, prospective investors should read the Base Shelf Prospectus, the prospectus supplements, the Registration Statement and the documents incorporated by reference therein. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Offered Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Skeena Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project - a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders. Contact Information Galina Meleger Vice President Investor Relations T: 604-684-8725 Cautionary note regarding forward-looking statements Certain statements and information contained or incorporated by reference in this news release constitute 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian and United States securities legislation (collectively, 'forward-looking statements'). These statements relate to future events or our future performance. The use of words such as 'anticipates', 'believes', 'proposes', 'contemplates', 'generates', 'targets', 'is projected', 'is planned', 'considers', 'estimates', 'expects', 'is expected', 'potential' and similar expressions, or statements that certain actions, events or results 'may', 'might', 'will', 'could', or 'would' be taken, achieved, or occur, may identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein include, but are not limited to, statements relating to the closing of the Offering, the acceptance of the Offering by the Toronto Stock Exchange and the New York Stock Exchange, the tax treatment of the Flow-Through Common Shares, and the timing of the closing of the Offering. Such forward-looking statements represent the Company's management expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein, and are subject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and uncertainties that may affect the forward-looking statements in this news release include, among others: risks related to the Company receiving all approvals necessary for the completion of the Offering and the timing thereof; the tax treatment of the Flow-Through Common Shares, the inherent risks involved in exploration and development of mineral properties, including permitting and other government approvals; changes in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors, including accidents, equipment breakdown, bad weather and other project execution delays, many of which are beyond the control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the Company's MD&A for the year ended December 31, 2023, its most recently filed interim MD&A, the AIF dated March 28, 2024, the Company's short form base shelf prospectus dated January 31, 2023, and in the Company's other periodic filings with securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at or on EDGAR at Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-looking statements except as required by applicable securities laws.
