Latest news with #MSB
Cision Canada
2 days ago
- Business
- Cision Canada
U.S. GoldMining Advances Planning With State of Alaska Officials for Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska
ANCHORAGE, Alaska, Aug. 11, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to provide an update with respect to discussions with representatives from the State of Alaska and Matanuska-Susitna Borough (" MSB") regarding plans to advance the West Susitna Access Project (" WSAP"). The Company is very pleased to report, based on discussions to date, continued strong support at all levels of government for the Whistler Gold-Copper Project (" Whistler" or the " Project") and that all critical elements of the WSAP, which will connect Whistler with existing highway, rail, power and port infrastructure, are moving forwards expeditiously with respect to design, environmental baseline studies, stakeholder engagement and permitting. U.S. GoldMining's President and Chief Executive Officer, Tim Smith, was invited to meet with Alaska Governor Mike Dunleavy on August 7, 2025, and with the Executive Director of the Alaska Industrial Development and Export Authority (" AIDEA") and the Commissioner of the Alaska Department of Transportation and Public Facilities (" ADOT&PF"), along with additional industry leaders representing resource development companies which are also advancing projects in the West Susitna Mineral District. The meeting included an update for industry representatives by AIDEA, which recently submitted a permit application for its 78.5 miles of proposed public and industry road (see AIDEA's news release dated July 25, 2025) that will connect Whistler with existing transportation and energy infrastructure in the eastern MSB. Mr. Smith also met with MSB Mayor, Edna DeVries, on August 6, 2025, to share updates on the Company's progress at Whistler and to hear about MSB's development plans at Port Mackenzie, located at the eastern terminus of the WSAP. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"We thank Governor Dunleavy and Mayor DeVries for their leadership in supporting plans to expedite the design, permitting and construction of the West Susitna Access Project. This transformative access initiative will directly connect Whistler with existing transportation and energy infrastructure within the greater Anchorage region of Southcentral Alaska; thus Whistler will be a direct beneficiary of the WSAP. As we advance our proposed initial economic assessment, which was previously announced on June 9, 2025, and mobilize teams into the field for the 2025 exploration program (see news release dated July 21, 2025), we remain committed to working collaboratively with all levels of government, regulatory agencies and other stakeholders in support of the WSAP and the long-term development of Whistler." About the Proposed West Susitna Access Project The WSAP comprises two elements: ADOT&PF's project to build 22-miles of new public road extending west from the existing road network in Southcentral Alaska, and a further 78.5-miles of public and industry road being led by AIDEA that will extend into the foothills of the Alaska Range, terminating at the Company's exploration camp near the Whisky Bravo airstrip (see Figure 2). The WSAP will connect existing road, power, rail and port infrastructure in the eastern MSB, with multiple natural resource development projects located in the West Susitna Mining District, including the Company's Whistler Project. Alaska Governor Mike Dunleavy was recently quoted (July 25, 2025): "AIDEA's West Susitna Road holds significant value for Alaskans, especially local residents seeking better access to hunting, fishing, recreation, and potential opportunities in mining, processing, and manufacturing. My administration and AIDEA are continually exploring ways to boost our economy and create well-paying jobs for families. This project presents a fantastic opportunity for Alaska to expand and generate revenue. I am dedicated to this initiative and to unlocking resources that will benefit all Alaskans." Matanuska-Susitna Borough Mayor Edna DeVries was also quoted (July 25, 2025): "The West Susitna Access Project represents more than just a road, it's a strategic investment in our region's future. This step by AIDEA to advance permitting shows real momentum toward opening long-overdue access for families, businesses, and future generations. Reliable road access means a stronger local economy and more opportunities for recreation and responsible development. I'm pleased to see this project progressing and look forward to the lasting benefits this will bring for the Mat-Su." Technical Information For further information regarding the Project refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and Tim Smith, Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information, including high resolution figures. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project, planned work at the Project and the development of proposed infrastructure by the State of Alaska. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve 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 future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, changes in government policy, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
The Star
6 days ago
- Business
- The Star
Money services businesses must rethink models amid digitalisation
PETALING JAYA: With digitalisation on the rise, traditional players in the money services business (MSB) must rethink their models given the low margins and high-volume demands of the trade, stakeholders say. Suria Muhabat Sdn Bhd chief executive officer Manimakudam Karuppiah said despite traditional currency exchange holding about 80% market share, many operators were struggling due to high operating cost, slim margins and competition in the MSB sector. 'Post-Covid-19, digital and app-based platforms now hold 20% of the market, driven by younger, tech-savvy users. Over-the-counter services such as ours remain relevant, especially for older customers or those who prefer instant cash, transparency and personal interaction,' he said. 'Many of us in the MSB industry are small-scale or family-run businesses with limited funds. 'Venturing into digitalisation requires a lot of financial resources – which most players don't have.' He said MSB businesses were regulated by Bank Negara Malaysia under laws requiring high compliance costs like the Money Services Business Act 2011 and Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Act 613). He added that the industry was frequently classified as high-risk by banks, with little access to capital for digitalisation efforts. Manimakudam said even licensing was limited to a maximum renewal period of three years, making it difficult for traditional players to commit to long-term digital investments due to the uncertainty. He recognised that digitalisation was the future, adding that his company had implemented it in remittance operations, at a high cost. KL Remit Exchange director Mohamed Faizal Mohamed Arif said his business had been impacted by the introduction of the multi-currency digital card. He said it was difficult to compete with a global service with a head start and strong social media presence. 'This is a family business, and since Covid-19, the multi-currency card and digital payment methods have affected us because there are fewer tourists visiting our counters,' he said. 'We have four branches – three in Kuala Lumpur and one in Shah Alam – which have been unprofitable, and we have been covering expenses from our own pockets. 'The model is volume-driven, just like traditional money exchange. Even if their USD rate is slightly lower, like 4.24 compared to our 4.25, they still profit due to the high number of transactions.' Despite concerns, Malaysian Association of Money Services Business president Datuk Seri Jajakhan Kader Gani said the industry remained resilient, with strong revenue reported based on recent statistics. While diversified players in the MSB sector make up around 10%, cash transactions continued to dominate, he said. 'Based on our assessment, we anticipate strong growth in the digital segment and gradual decline in traditional practices. 'If you have resources and deep pockets, invest in digitalisation.' Jajakhan said many MSB businesses were unable to adopt digitalisation due to insufficient financial support, grants and skills development programmes. When asked if affected MSB businesses were shutting down, he said there were 250 members and only a small number had closed shop or surrendered licences due to operational reasons. He said some traditional businesses like banks were downsizing because digitalisation had reduced the need for many physical branches.
The Sun
30-07-2025
- Business
- The Sun
YBUOJ Responds to BaFin Announcement, Reaffirms Compliance Credentials and Global Regulatory Commitment
COLORADO, USA - Media OutReach Newswire - 28 July 2025 - YBUOJ has issued an official response to a recent notice from the Federal Financial Supervisory Authority of Germany (BaFin), which alleged that the platform was offering crypto asset services in Germany without the necessary authorization. In its statement, YBUOJ firmly reaffirmed its commitment to regulatory compliance, emphasizing that it operates under a robust legal framework and actively seeks licenses across global jurisdictions. YBUOJ currently holds a U.S. Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is also registered with the U.S. Securities and Exchange Commission (SEC). These federal-level credentials confirm the lawful status and adherence of YBUOJ to high compliance standards. YBUOJ emphasizes that its possession of an MSB license and SEC registration signifies its adherence to strict compliance standards, with trading activities subject to oversight by authoritative regulators. This indicates that YBUOJ operates not only legally and compliantly in the U.S. market, but also meets high standards in terms of operational transparency and security. The BaFin announcement to jurisdictional differences in how licensing of foreign entities is interpreted. YBUOJ clarified that it is headquartered in the United States and does not maintain a legal entity in Germany. As such, it is regulated under U.S. law and aligned with internationally recognized compliance norms. The notice, YBUOJ suggested, likely stems from a regulatory communication gap rather than a breach of German financial law. Drawing a broader parallel, YBUOJ pointed to similar cases involving major exchanges like Binance, which faces varying degrees of regulatory acceptance across markets despite holding valid licenses elsewhere. Such discrepancies are common in the fragmented global crypto regulatory landscape. In its response, YBUOJ reaffirmed its commitment to compliance and welcomed regulatory guidance. It pledged full cooperation with German authorities to clarify the facts, stressing that the notice of BaFin relates only to licensing declarations and does not affect operations or asset security. YBUOJ clarified that the announcement of BaFin was a routine consumer advisory, not a penalty, and urged rational interpretation. European users can continue accessing the platform and trading as usual. YBUOJ will use this opportunity to enhance communication with regulators in Germany and other regions, maintaining its commitment to compliant, reliable global digital asset services.
Local Sweden
22-07-2025
- Climate
- Local Sweden
How can you protect your Swedish home against downpours?
Swedish summers are often wet, with downpours more common during the warmer months. Who is responsible if your home floods, and what can you do to prevent water damage? Advertisement What is a downpour and why can they cause issues? Meteorologically speaking (at least by Swedish definitions), a downpour is classified by Sweden's weather agency SMHI as rainfall of at least 50mm per hour or 1mm per minute. This is known in Swedish as skyfall. The term is often used even when those amounts haven't officially been measured – in this case you might see the phrase skyfallsliknande regn (downpour-like rain) instead. Downpours can cause flooding, especially if they occur after a long period of dry weather. Rain falls so fast that there is not enough time for it to drain away, and when the ground is extra dry the soil can actually become hydrophobic, repelling rather than absorbing the rainfall. What happens if my property floods? In Sweden, it's the property owners' responsibility to make sure the property is protected against floods. This means that if you live in a house which you own outright – that is, not a bostadsrätt or a rental – then it's your job to make sure your home is protected. In housing associations it's the responsibility of the association's board to protect the building against flooding. Sweden's Civil Contingencies Agency (MSB) warns on its website that rescue services will prioritise crucial infrastructure, like hospitals, in the event of a flood. 'Private property owners and other individuals should therefore be prepared to protect and be responsible for their own property,' it writes. This means that you are unlikely to receive help from the authorities if, for example, your basement floods. Advertisement How can I see whether I'm at risk? MSB has maps on its website (in Swedish) showing the risk of flooding close to Swedish rivers and along the coast. For downpour-related flooding specifically your best bet is to follow the weather forecast on SMHI's website, looking out for any weather warnings for skyfall or skyfallsliknande regn. Be aware that it's often difficult to predict where exactly flooding is likely to occur. For this reason it may be a good idea to plan ahead and prepare your home against flooding even if you're not in an area covered by a weather warning. How can I prepare for or prevent flooding? According to an official government website collating information on emergencies from Swedish authorities, there are a number of concrete steps you can take both before, during and after a flood. The first, and perhaps easiest step, is to check your home insurance policy so you know whether you'll be covered if your home does flood. Keep your home insurance details close at hand (if you have them on paper, somewhere where they are unlikely to be damaged if a flood does occur). It can also be a good idea to have a plan in mind for where you can go if you need to evacuate, as well as a bag packed with any essentials. MSB has issued all Swedish households with a booklet detailing what you should do in case of a crisis and how you can prepare – here's a digital version in English. Advertisement Don't forget to park your car somewhere high up so it's less likely to flood. If it looks like your local area could flood, contact your neighbours as you may need to help each other. The next step is to seal any openings where water could flow in, like any windows or other openings to your basement. If you live in an area which is particularly at risk, it may be worth investing in sandbags to block entrances to your property where water could get in (like a sloped drive down to a garage) or a water pump to pump water out of your cellar once the rain is over. Staffan Moberg from insurance company umbrella organisation Svensk Försäkring told the Dagens Nyheter newspaper (DN) that the vast majority of claims after floods are for damage caused by backflow, where plumbing systems flood and water comes up into homes through drains or toilets. For that reason, he recommends finding a way to block basement-level drains. 'One way to do that is to pump up a football in a floor vent, or place weights on top of a lid to hold it closed,' he told DN. You can also install a backflow vent in your drainage system to stop water from entering the house. Move any furniture and electrical appliances from your basement to a higher floor in your house, and make sure you don't have any valuables or important documents in places where they could get washed away, advises. Make sure your phone is charged and turn off your electricity at the breaker. It can also be a good idea to take pictures of all the rooms in your house to show your insurance company if they end up flooding. Advertisement What should I do during and after a flood? If you are unlucky enough to be affected by flooding, avoid walking or driving through any areas which are underwater – these can be deceptively deep and have strong currents which can easily sweep you or your car away. Head for high ground, preferably somewhere you could be easily rescued from, and remember to call Sweden's emergency number 112 if the situation requires it. Once the flood has subsided, contact your insurance company immediately, and document any damages with photos and videos. Don't turn your power back on until an electrician has given you the all clear, and don't drink your tap water until the municipality has said it's safe. Open doors and windows to vent the house and reduce the moisture level.
Yahoo
12-06-2025
- Business
- Yahoo
Mesabi: Fiscal Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Mesabi Trust (MSB) on Thursday reported profit of $3.6 million in its fiscal first quarter. On a per-share basis, the New York-based company said it had profit of 28 cents. The iron ore miner posted revenue of $4.7 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MSB at Sign in to access your portfolio
