Latest news with #LCR
Yahoo
4 days ago
- Business
- Yahoo
Lancaster Resources Commences Field Work for Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia
VANCOUVER, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR | OTCQ:LANRF | FRA:6UF0) (the 'Company' or 'Lancaster') is pleased to announce the start of desk and field work at its 100%-owned Lake Cargelligo Gold Project in New South Wales, Australia. This initiative marks the first step toward completing the Company's maiden National Instrument 43-101 (NI 43-101) Technical Report, a critical milestone in advancing the project. Strategically located in the prolific Lachlan Fold Belt, the 28,768-hectare Lake Cargelligo Project hosts multiple historical high-grade gold and silver occurrences. Initial field activities will include reconnaissance geological mapping and rock chip sampling aimed at refining exploration targets and laying the groundwork for a focused drill program. 'Commencing field work at Lake Cargelligo represents a pivotal moment for Lancaster,' said Andrew Watson, President and CEO. 'Our maiden NI 43-101 Technical Report for Lake Cargelligo will be the foundation for systematic exploration, guiding our strategy toward resource definition and value creation for our shareholders.' Historical work on the project has returned impressive results, including: Rock chip samples up to 204 g/t Au and 273 g/t Ag Channel sampling intercepts up to 16m @ 5.83 g/t Au and 7.20 g/t Ag¹ While these historical results have not been verified by a Qualified Person, they underscore the project's potential and will be key focal points in the upcoming exploration program. The Company anticipates completing the Technical Report by August 31, 2025. Investor Relations Update Further to its August 6, 2025 announcement, Lancaster Resources Inc. confirms it has engaged Ora IR Services Inc. to provide investor relations support. Services will include customer service management, telephone and email support. Lancaster has granted Ora and its consultants an aggregate of 1,800,000 stock options, exercisable at $0.10 per share, and anticipates paying monthly cash compensation between $10,000 and $20,000. Geoff Skinner, the principal of Ora IR Services Inc., is a consultant to Lancaster. Contact information for Ora and Mr. Skinner is: PO Box 523, Cumberland, BC V0R 1S0; telephone 604-679-5295; email The Company is awaiting confirmation from SIGEOM and the Quebec Ministry regarding the Lac Iris claims, which are currently 'Being Processed.' Andrew Watson, President, CEO, and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is the President and Chief Executive Officer and a Director of the Company and is not independent of the Company. About Lancaster Resources Inc. Lancaster is focused on building a portfolio of district-scale exploration assets positioned for future resource development. The Company holds a 100% interest in the Piney Lake Gold Project in Saskatchewan, uranium projects at Catley Lake and Centennial East in the Athabasca Basin, and the Lac Iris Polymetallic Project in Quebec's James Bay region, where it also holds an option to acquire the Trans-Taiga property. In Australia, Lancaster owns the Lake Cargelligo Gold Project in New South Wales, covering 28,768 hectares with over 25 km of prospective strike and three primary target zones. Andrew Watson, President & Chief Executive Officer, Lancaster Resources 604 923 6100 The Canadian Securities Exchange has not reviewed, approved, nor disapproved the contents of this news release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Lancaster's future performance. The use of any of the words 'could', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties constitutes forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws. _______________________________¹ Sources include: (1) Carpentaria Exploration Ltd., 2014 Annual Report for EL8095; (2) Aberfoyle Exploration Pty Ltd., First and Final Report for EL1770, June 1982; (3) Lachlan Resources N.L., First Six-Month Progress Report for EL2914; and (4) MinView database from the Geological Survey of NSW ( 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
Malaysian Reserve
21-07-2025
- Business
- Malaysian Reserve
Louth Callan Renewables Begins Construction on 27 MW Solar Project in New Hampshire
ENFIELD, Conn., July 21, 2025 /PRNewswire/ — Louth Callan Renewables (LCR), a national leader in power construction, is proud to announce it has officially commenced construction on a new 27-megawatt (MW) solar project in New Hampshire. The project was recently awarded to LCR as the engineering, procurement, and construction (EPC) partner, further cementing the company's reputation for delivering complex, difficult renewable infrastructure with a collaborative approach and an eye towards efficiency. Site mobilization began in mid-July, with civil work being completed and underway with Brooks Construction. Full commissioning is expected by Q3 2026. 'We're excited to bring our construction expertise to another large solar project in the New England region,' said Nick Sylvestre, Founder and CEO of Louth Callan Renewables. 'Our team has spent worked hard to value engineer the project to help the owner make it a buildable and valuable asset. Now we're focused on executing a clean, safe, and high-quality build that reflects our commitment to industry best practices and community engagement.' Commitment to Construction Excellence As the EPC lead, LCR is managing all aspects of the project lifecycle, including: Engineering layout optimization Equipment, procurement and logistics Environmental compliance and stormwater controls Full Civil, Mechanical and Electrical construction Final ISO New England Commissioning and Acceptance testing Safety management under its national OSHA-compliant safety program The company is deploying its proprietary construction sequencing model, which streamlines material flow, minimizes downtime, and accelerates punch list closure during commissioning. About Louth Callan Renewables Headquartered in Enfield, Connecticut, Louth Callan Renewables is a construction-forward solar EPC firm with more than 200 MW of installed capacity across New England and over 4.8 GW of solar and storage infrastructure delivered nationwide. The firm specializes in utility-scale power construction offering integrated services from engineering and preconstruction through long-term O&M and asset management on solar, storage, geothermal and industrial power projects. Media Contact: Kristen Michaelian, kristen@ 860-840-3359
Time of India
21-07-2025
- Business
- Time of India
UCO Bank Q1 profit rises 10% to Rs 607 crore; NIM guidance revised
UCO Bank on Monday reported a 10% rise in first quarter net profit at Rs 607 crore as compared with Rs 551 crore in the year ago period. More than double treasury earnings helped the bank's profit numbers, offsetting the impact of higher provisions. Its net interest income rose a modest 6.6% at Rs 2403 crore. It booked treasury earnings of Rs 198 crore as compared with Rs 90 crore in the year ago period. Explore courses from Top Institutes in Select a Course Category PGDM Project Management Data Science Leadership Finance Operations Management Artificial Intelligence others Technology Healthcare Public Policy Degree Others Data Science healthcare MBA CXO MCA Management Cybersecurity Data Analytics Digital Marketing Product Management Design Thinking Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Caught From Above: These Aerial Images Expose the Unseen Old Money Style Undo Its net interest margin (NIM) for the quarter compressed to 2.96% as against 3.09% in the year-ago quarter. The bank has revised its NIM guidance to 2.9-3% following the 50 repo rate cut in June from the 3-3.10% guidance given at the beginning of the fiscal, managing director Ashwani Kumar said. Uco's pre-provision operating profit stood 18% higher at Rs 1,562 crore against Rs 1,321 crore for the same period of preceding year. Live Events Provisions and contingencies were higher at Rs 616 crore as compared with Rs 459 crore, despite a 69 basis points year-on-year fall in gross non-performing assets ratio to 2.63%. "We have made forward looking provisions in anticipation of the LCR (liquidity coverage ratio) guidelines," the MD said. The bank's gross advances grew 16.48% year-on-year to Rs 2.25 lakh crore while total deposits expanded by 11.37% to Rs 2.99 lakh crore.
Boston Globe
27-06-2025
- Politics
- Boston Globe
Supreme Court curbs injunctions but other ‘pathways' remain to defend birthright citizenship, legal experts say
The ruling 'does not address the merits of the Trump administration's unprecedented claims regarding who is entitled to birthright citizenship,' he said. 'At the very outset of the opinion, the [majority] court makes clear that its decision is about scope of relief. It does not touch on the merits of the argument. On that score, every federal court that has decided this issue going back 150, years and more, has made clear that any child born in the United States is a United States citizen.' He added: 'Nothing in today's Supreme Court ruling does anything to disturb that. So that's the one important takeaway from this decision.' Advertisement Lawyers for Civil Rights filed a lawsuit Jan. 21 seeking to block Trump's order on behalf of two expectant mothers and two nonprofit groups, A second suit Advertisement Two cities, San Francisco and Washington, D.C., joined the states in the suit. US District Court Judge Leo Sorokin issued an universal injunction in response to the lawsuits. But that ruling by Sorokin was invalidated by the Supreme Court decision on Friday. In a statement Friday, Campbell decried the majority ruling in the birthright case. 'I am proud to defend birthright citizenship and the rights of those born in the United States, which are guaranteed by the 14th Amendment,' Campbell, a Democrat, said in a statement. She said she's 'confident our case will be successful, and the President's blatantly unconstitutional executive order will ultimately be struck down.' While Friday's ruling is disappointing, Campbell said, 'we look forward to demonstrating why nationwide relief in this case is necessary, as the court has invited us to do. We will once again demonstrate what this country has known to be true since the Civil War: citizenship should not, cannot, and must not depend on the state where a baby was born.' Sellstrom said the majority's decision has potentially beneficial impacts for LCR's clients and others likely to be impacted by the Trump administration's argument that birthright citizenship is not a constitutional right enjoyed by anyone born in the US. In one footnote, he said, the majority explicitly wrote that the Administrative Procedures Act (APA) which allows judges to strike down executive actions, is not impacted by the decision on universal injunctions. Sellstrom said LCR's challenge to the administration's executive order included a claim under the APA and that remains an active part of the lawsuit pending before US District Court Judge Leo Sorokin. (The majority did knock down Sorokin's universal injunction.) Advertisement He also stressed that class action lawsuits remain a viable alternative to universal injunctions. A class action benefits all, even those noted named plaintiffs, he said. 'It certainly makes it more difficult to have the birthright citizenship principle that the Trump administration wants to put forth taken down universally and quickly,' Sellstrom said. 'But what it does on the procedural level is it leaves open multiple pathways to achieve the same result of a universal injunction, but via different means.' He said LCR is reaching out to its clients and is reviewing, in detail, the Supreme Court ruling before deciding their next steps. But, he was certain LCR will continue to challenge the administration's targeting of birthright citizenship. 'Today's Supreme Court decision certainly makes that more difficult, but again, there are multiple pathways to achieve that same vindication,' he said. 'It will just take a different pathway than the one that we have drawn so far.' In February, Sorokin released a 31-page ruling issuing the nationwide preliminary injunction that had been sought by attorneys general from Massachusetts and 17 other states and immigration advocates. In the ruling, Sorokin wrote that his decision 'is based on straightforward application of settled Supreme Court precedent reiterated and reaffirmed in various ways for more than a century by all three branches of the federal government.' He noted that the 'loss of birthright citizenship — even if temporary, and later restored at the conclusion of litigation — has cascading effects that would cut across a young child's life (and the life of that child's family), very likely leaving permanent scars.' The court's failure to resolve whether birthright citizenship remains a valid constitutional right will cause 'chaos' for millions of people, especially for parents whose children are born after the administration issued its executive order, Daniel Kanstroom, a Boston College Law School immigration law expert. Advertisement He said that by focusing its attention to the issue of universal injunctions alone, the Supreme Court's majority has created massive uncertainty for families, for lawyers, for federal judges, for immigration law judges that will take years to untangle. 'I think that that was possibly the worst imaginable case the court could have chosen to deal with the problem of universal injunctions,' he said in a telephone interview Friday. 'It's going to be a huge mess. It's going to cause tremendous fear and uncertainty, probably for hundreds of thousands, if not millions, of people.' He said the administration's executive order applies to any child born after this February. But that deadline and the order itself does not provide any specifics on who will be impacted – is it just the child born of a mother unlawfully present but where the father is unknown and possibly a citizen, for example, he said. 'You have all kinds of situations, but all these people are now in a precarious moment in terms of the citizenship of their children. And that's particularly problematic because if you have children who are living here and saw they were citizens, and now are not sure,' he said. 'All these people are now in a precarious moment in terms of the citizenship of their children.' He said the issue decided by the court - universal injunctions - is a valid legal issue. But by intertwining it with the 14th Amendment, the majority missed a major opportunity to protect constitutional rights. Advertisement 'It's hard to understand how the Supreme Court is really doing its job,' he said. 'What's going to be created now is just chaos and fear and a staggering amount of work for the district courts.' This is a developing story and will be updated. Information from earlier Globe reporting was used in this account. John R. Ellement can be reached at
Yahoo
20-05-2025
- Business
- Yahoo
Emirates NBD Bank gets in-principle nod to create Indian subsidiary
The Reserve Bank of India (RBI) has issued 'in-principle' approval to Emirates NBD Bank PJSC, allowing the establishment of a wholly owned subsidiary (WOS) in India. This decision is part of the 'Scheme for Setting up of WOS by foreign banks in India.' Currently, Emirates NBD operates in India through branches located in Chennai, Gurugram, and Mumbai. The approval permits the bank to convert its existing branches into a WOS. Following this approval, the RBI will evaluate the bank's application for a banking licence under Section 22 (1) of the Banking Regulation Act, 1949. The issuance of the licence will depend on the bank meeting the conditions set forth by the RBI as part of the 'in-principle' approval process. Media reports indicate that Emirates NBD and others are interested in acquiring a majority stake in IDBI Bank, as the government initiates its disinvestment process, reported Business Standard. The government is offering a 30.48% stake, while the Life Insurance Corporation will sell 30.24%. The RBI is assessing the suitability of potential investors, as noted by the finance ministry in February. In April this year, the RBI released final guidelines for the Basel III Liquidity Coverage Ratio (LCR) framework, incorporating some relaxations from the draft proposal presented last July. A key change involves the classification of retail deposits facilitated by internet and mobile banking (IMB). In February this year, Australian fintech firm Findi's Indian subsidiary, Transaction Solutions International (TSI), received approval from RBI to acquire Tata Communications Payment Solutions (TCPSL), which operates the white-label ATM network Indicash. "Emirates NBD Bank gets in-principle nod to create Indian subsidiary" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
