Latest news with #Medallion
Yahoo
16-05-2025
- Business
- Yahoo
Medallion secures $17m commitments to advance Ravensthorpe-Forrestania project in Australia
Medallion Metals has secured binding commitments to raise approximately A$27.5m ($17.6m) through a targeted institutional placement to accelerate the development of its Ravensthorpe Gold Project (RGP) and the acquisition of the Forrestania Nickel Operation (FNO) in Western Australia. This financial boost will expedite near-term production opportunities for gold and copper at the RGP, which will be processed at the FNO. The placement involves two tranches, with the first raising approximately A$6m through the issue of 28.6 million fully paid ordinary shares. The second tranche aims to raise approximately A$21.5m through the issuance of 102.3 million shares. Medallion will be well-capitalised post-placement, with around A$31m in cash, net of capital-raising costs. The proceeds will also support the de-risking and acceleration of the proposed FNO acquisition, in addition to facilitating relevant pre-development activities and supporting general working capital needs. The FNO, a sulphide flotation facility, includes the Cosmic Boy Flotation Plant, which is suitable for treating RGP gold-copper-bearing sulphide mineralisation. A scoping study released in December 2024 underscored the technical and commercial viability of this unique, low-capital expenditure pathway to production, utilising the FNO infrastructure. The scoping study highlights include an initial production inventory of 2.7 million tonnes (mt) at 3.9 grams per tonne gold and 0.6% copper, with a mine life of 5.5 years, generating average annual pre-tax cash flows of $90m under base case assumptions. Medallion has made progress with infill drilling, test work and permitting activities at the RGP. A bankable feasibility study (BFS) is also under way, laying the groundwork for the proposed development, with the final investment decision (FID) set for the fourth quarter of 2025 (Q4 2025). Canaccord Genuity served as the sole lead manager and bookrunner for the placement. Medallion managing director Paul Bennett said: 'Medallion emerges from this capital raising in an extremely strong position to accelerate the sulphide development strategy. The Board has confidence that tremendous value can be unlocked for Medallion shareholders by bringing Ravensthorpe resources together with the Forrestania infrastructure. 'Recent drill results suggest that opportunity will continue to grow with continued investment. Additionally, the recent amendments to proposed transaction terms to acquire the Forrestania tenure add a broader strategic dimension to the growth options open to the business. 'We thank new and existing shareholders for their support of the capital raising. The backing from this group of high-quality resources investor is a significant endorsement of the team, assets and near term gold copper production strategy. Shareholders can look forward to a strong pipeline of positive news and de-risking milestones throughout the remainder of 2025 and into 2026.' Earlier this month, Medallion Metals amended the terms of agreement with IGO to acquire 100% of the FNO. "Medallion secures $17m commitments to advance Ravensthorpe-Forrestania project in Australia" was originally created and published by Mining Technology, 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
Yahoo
12-05-2025
- Business
- Yahoo
Service by Medallion Redefines Workplace Excellence in the Facility Services Industry with National and Regional Top Workplace Recognition
Proudly celebrating this employee-driven award, Medallion continues to lead with a people-first culture MOUNTAIN VIEW, Calif., May 12, 2025--(BUSINESS WIRE)--Service by Medallion, a premier provider of integrated facility services, has once again been named a Top Workplace USA nationally and Top Workplace San Francisco, California award recipient for 2025, solidifying its nationwide reputation for prioritizing employee experience at every level. With more than 45 years of service excellence, Service by Medallion has built a reputation as a trusted partner known for pushing limits and delivering impact—both in the quality of its facility solutions and the care it extends to its people. At the core of Medallion's success is a deep commitment to service delivery excellence and a belief that empowered, supported employees are the driving force behind lasting customer partnerships. Through Medallion Cares, the company invests in meaningful career paths, skills development, and programs that give back to the dedicated teams who make a difference every day. These 2025 honors—Medallion's second national and sixth regional Top Workplace awards—reinforce its leadership in the industry and distinguish it as the only facility maintenance company recognized at both levels this year. Presented by Energage and based entirely on confidential employee feedback, these awards reflect the strength of Medallion's culture. Medallion was one of only 12 large employers (500+ employees) recognized regionally and among 1,526 organizations honored nationwide this year. Among more than 42,000 organizations considered nationwide, Medallion stood out, not just for its programs, but for the 600+ thoughtful, candid comments shared by employees across all roles. Their voices spoke to a workplace where hard work is seen, valued, and celebrated, especially for those doing the essential work that often goes unnoticed. "At Medallion, we believe our people are our greatest differentiator leading to increased innovation, better decision-making, and improved business results," said Roland Strick Jr., President of Service by Medallion. "This recognition validates what we've built—a culture rooted in purpose, respect, and opportunity. We've proven that operational excellence and an inclusive, values-driven workplace are not mutually exclusive. In fact, they're inseparable." Investing in Programs That Recognize, Support, and Uplift Employees Celebrating Essential Work: Employee meals are provided to staff as a tangible expression of gratitude for the essential work they perform every day—often behind the scenes, yet at the heart of every facility we serve. Empowering Through Education: Scholarships are available to employees and their families to support continuing education or cover critical medical needs—demonstrating our belief that when we invest in our people, we uplift entire households. Building Skills for a Stronger Future: Through a long-standing partnership with Building Skills Partnership (BSP), Medallion offers access to industry-leading learning programs including the Green Janitor Education Program, ESL courses, and Infectious Disease Control training—equipping employees with tools to grow professionally and personally. Creating a Culture of Appreciation: From Field Service Employee Appreciation Month to weekly corporate lunches, we consistently create moments of recognition that make our teams feel seen and celebrated—reinforcing that their work matters. Designing a Workplace That Works for Everyone: Comprehensive amenities such as an on-site gym, wellness & mother's room, EV Chargers onsite and easy-access to dry-cleaning services reflect our commitment to creating a supportive, balanced workplace for all employees—no matter their role. "Our team shows up every day with purpose—and it's our responsibility to meet them with gratitude, resources, and opportunity," said Eric Marlin, Vice President of Human Resources at Service by Medallion. "From career development to meaningful recognition, we design every initiative to support the whole person. These awards aren't just a reflection of great programs, they're a reflection of a great team." As the only facility maintenance company to receive recognition in both categories, Medallion's achievement underscores its ongoing commitment to both its people and its performance, setting it apart in the industry. To learn more about Medallion's workplace programs or service offerings, visit About Energage Making the world a better place to work together.™ Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 18 years of culture research and the results from 27 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit or About Service by Medallion With an award-winning legacy spanning more than 45 years, Service by Medallion is a testament to how integrity and foresight translate to the highest level of excellence in integrated facility services. The company offers comprehensive services, including janitorial, building maintenance, workplace solutions, and facility management solutions. Focused on customer service excellence, industry-leading innovation, and sustainability, Service by Medallion provides exceptional customer service to world-class companies in the Bay Area and beyond. Visit to learn more. View source version on Contacts Jennifer DeVolder Director of MarketingService by MedallionPhone: 650.625.1010Email: jdevolder@ Address: 455 National Ave., Mountain View, CA 94043 Please use the contact information above to request further information about Service by Medallion's initiatives or to schedule an interview with Jennifer DeVolder. 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
Yahoo
05-05-2025
- Business
- Yahoo
Medallion Metals, IGO amend acquisition terms for Forrestania Nickel Operation
Medallion Metals has amended the terms of agreement with IGO to acquire 100% of Forrestania Nickel Operation (FNO), including the Cosmic Boy processing facility, associated infrastructure and mineral rights, excluding nickel and lithium, in Western Australia. The companies reached an initial exclusivity agreement in August 2024. IGO will retain the exclusive right to search for, develop, and extract nickel and lithium minerals from the tenements. The new terms grant IGO a 1.5% royalty on future gold production, with Medallion assuming all rehabilitation obligations upon transaction completion. The deal is a strategic move to establish a new gold and copper producer in Western Australia's southern Goldfields, leveraging existing infrastructure and mineral resources. The transaction, subject to various conditions, includes no upfront cash consideration. The exclusivity term has been extended to August 2025, with final investment decision and transaction completion anticipated in late 2025. This deal aligns with Medallion's strategy to develop the Ravensthorpe Gold Project, with mineral processing at FNO. Combining Medallion's Ravensthorpe Gold Project resources with FNO's infrastructure offers a low-capital pathway to production. A scoping study confirms the project's technical and commercial viability, with potential for strong cashflows and returns on investment. The study highlights include an initial production inventory of 2.7 million tonnes (mt) at 3.9g/t gold and 0.6% copper and a five-and-a-half-year mine life. The project is expected to leverage gravity-flotation-CIL processing for high recovery rates and has identified opportunities for further resource conversion and mine life extension. Ongoing work includes a bankable feasibility study, project approvals, and financing arrangements. The company is also expanding its senior management team in preparation for assuming control of the assets. Medallion Metals managing director Paul Bennett said: 'Medallion welcomes the opportunity to find the optimal scenario whereby Forrestania maximises benefits accruing to all stakeholders. Bringing the established high-grade gold-copper resources at Ravensthorpe together with the Forrestania infrastructure has the potential to unlock significant value in the short term, with a substantial option on future growth. 'Additionally, prevailing market conditions favour revisiting the gold opportunity across the Forrestania tenement package with a view to returning the region to being a significant gold production district in Western Australia.' "Medallion Metals, IGO amend acquisition terms for Forrestania Nickel Operation" was originally created and published by Mining Technology, 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. Sign in to access your portfolio
Yahoo
01-05-2025
- Business
- Yahoo
ONEOK Inc (OKE) Q1 2025 Earnings Call Highlights: Strong Growth and Strategic Synergies Propel ...
Net Income: $636 million or $1.04 per share for Q1 2025. Adjusted EBITDA: $1.78 billion, or $1.81 billion excluding transaction costs. Acquired Assets Contribution: Nearly $450 million from EnLink and Medallion assets in Q1 2025. Incremental Synergies: $250 million expected in 2025. Cash and Credit Facility: More than $140 million in cash and no borrowings under a $3.5 billion facility. NGL Volumes: Increased 4% year over year, with significant growth in the Rocky Mountain and Gulf Coast Permian regions. Midland Crude Gathered Volumes: Up more than 20% year over year in Q1 2025. Natural Gas Processing Capacity: 1.7 BCF per day added in the Permian Basin. Mid-Continent Processing Volumes: Averaging more than 2.4 BCF per day in April. Rocky Mountain Processing Volumes: Averaged nearly 1.6 BCF per day in Q1 2025. Oklahoma Natural Gas Storage Expansion: Additional 4 BCF of working storage capacity, 80% committed. Warning! GuruFocus has detected 6 Warning Signs with OKE. Release Date: April 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ONEOK Inc (NYSE:OKE) reported first-quarter 2025 net income of $636 million, or $1.04 per share, with adjusted EBITDA of $1.78 billion, driven by higher NGL and natural gas processing volumes. The company affirmed its 2025 financial guidance and 2026 outlook, indicating confidence in its growth trajectory. ONEOK Inc (NYSE:OKE) is nearing completion of several organic growth projects, including the West Texas NGL pipeline expansion and the Elk Creek pipeline expansion, which are expected to boost earnings in the second half of 2025. The integration of acquired assets, such as EnLink and Medallion, is progressing well, with $250 million of total incremental synergies expected in 2025. The company maintains a strong balance sheet with no borrowings under a $3.5 billion facility and more than $140 million in cash, providing financial flexibility. The absence of earnings from divested interstate pipeline assets, sold on December 31, 2024, partially offset the positive financial results. ONEOK Inc (NYSE:OKE) operates in a volatile macroeconomic environment, with factors such as commodity prices, producer activity, and inflationary trends posing potential risks. First-quarter NGL volumes were impacted by seasonal weather and lower ethane recovery, particularly in the midcontinent region. The company faces potential challenges from evolving regulatory developments, which could affect market dynamics. Despite strong performance, the company acknowledges that no business is completely immune to market volatility, which could impact future results. Q: Can you expand on the synergies and forward outlook, especially given market uncertainties? A: Pierce Norton, CEO, highlighted the global demand for LNG and LPGs as a driver for growth, with synergies not dependent on volume. Sheridan Swords, CCO, added that many synergy projects focus on efficiency and are independent of price environments. Walter Hulse, CFO, mentioned procurement opportunities to lower costs as contracts roll off. Q: How are producer conversations going regarding potential concessions from midstreamers? A: Pierce Norton noted that producers are initially focused on service providers related to well drilling and completion. Sheridan Swords emphasized that ONEOK seeks win-win solutions through bundling strategies, adding value for both parties. Q: Has the potential for tariffs on LPGs impacted your approach to commercializing the LPG export project? A: Sheridan Swords stated that tariffs have not impacted their project or contracting approach. LPGs need to clear the international market, and exports have remained steady despite price fluctuations or tariff threats. Q: How flexible is your CapEx plan if macroeconomic conditions worsen? A: Walter Hulse explained that ONEOK has demonstrated flexibility in the past, such as in 2020, by adjusting capital programs. Routine growth capital can be flexed, and larger projects can be put on hold if necessary to protect the balance sheet. Q: Can you clarify the synergies and growth uplifts expected by 2027 as shown on slide 5? A: Walter Hulse confirmed that by 2027, ONEOK expects an additional $1.3 billion in incremental EBITDA from synergies and growth projects. This includes both synergies and growth opportunities, such as the refined products pipeline expansion. Q: How is the Bakken region performing, and what growth is needed to meet full-year guidance? A: Sheridan Swords stated that only low-single-digit growth is needed to meet guidance, and current trends indicate they will meet or exceed this. The company is confident in its outlook as they emerge from winter with strong momentum. Q: How sensitive is ethane recovery in the Bakken to market pricing? A: Sheridan Swords explained that ethane recovery is currently more affected by pricing, with flexibility to adjust based on market conditions. They have locked in some volumes to mitigate potential impacts from price changes. Q: Can you elaborate on the LPG export dock facilities and current volumes? A: Sheridan Swords confirmed that ONEOK already produces enough propane to fill the dock capacity. Currently, this product is sold into the open market and likely exported through third-party docks, but will be redirected to ONEOK's dock once operational. Q: How is the natural gas pipeline segment performing, and is it on track to exceed full-year guidance? A: Sheridan Swords noted strong performance in the first quarter and expects continued strength. The segment is benefiting from storage expansions and active discussions for new demand, positioning it well for the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
01-05-2025
- Business
- Yahoo
HPM Oahu Design Center makes grand opening in Honolulu
HONOLULU (KHON2) — A new design center is opening soon in Honolulu and hopes to offer a one-stop destination for everything from home renovations to new builds. WakeUp2Day's Chris Latronic went live in Iwilei at Na Lama Kukui for an exclusive preview. Camp Agape Hawaii is ready to inspire for summer Na Lama Kukui invites the public to the unveiling of HPM's newest exceptional Design Centers on O'ahu. For over a century, HPM has been Hawai'i's premier building partner, and now they're bringing their legacy of excellence and innovation to Honolulu with a sophisticated, immersive design experience. Step into their trio of meticulously crafted showrooms where luxury meets functionality: Suite 104: Experience our signature collection of premium cabinetry, countertops and HPM Home package solutions Suite 108: Discover state-of-the-art appliances including Thermador, Bosch, and Gaggenau, as well as Bellmont, SmartCucina and Medallion cabinet lines. Suite 109: Explore an exquisite selection of finishes, fixtures, Ernestomeda cabinets, Miele appliances and a variety of upscale design elements that elevate island living Download the free KHON2 app for iOS or Android to stay informed on the latest news And if you visit all three showrooms and complete your event passport, you have the chance to win a $25,000 Thermador kitchen package. The package includes a Thermador refrigerator, induction range hood, dishwasher and undercounter wine unit. Savor an exceptional pupu menu by Prime Roast Cafe's Chef Ernesto and Celeste, featuring dishes like Garlic Infused Kona Lobster, Parker Ranch Prime Rib Bites and Big Island Vanilla Bean Panna Cotta. Pupu and refreshments will be served throughout the event in all three showrooms. Food is limited and on a first-come-first-serve basis. Witness culinary artistry with Chef Shayne Castellano's live demonstration using premium Thermador appliances and indulge in free samples from noon to 12:30 p.m. in Suite 108. Check out more news from around Hawaii And if you're part of the first 100 guests, you can receive an exclusive swag bag designed in partnership with celebrated local artist and Hilo native Kailah Ogawa. For more information, click HERE. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
