Latest news with #Meridian
Cision Canada
5 days ago
- Business
- Cision Canada
Meridian Announces LIFE Offering of up to C$50 Million
, /CNW/ - Meridian Mining UK S (TSX: MNO), (Frankfurt: N2E) (" Meridian" or the " Company") is pleased to announce that it has entered into an agreement with Stifel, BMO Capital Markets and Beacon Securities Limited (the " Co-Lead Agents"), for and on behalf of a syndicate of agents (together with the Co-Lead Agents, the " Agents"), in connection with a "best-efforts" private placement of up to 64,102,564 common shares of the Company (the " Common Shares") at a price of C$0.78 per Common Share (the " Offering Price") for aggregate gross proceeds of up to C$50 million (the " Offering"), with the Common Shares to be issued pursuant to the Listed Issuer Financing Exemption (as defined below). The Company intends to use the net proceeds of the Offering to advance the definitive feasibility study for its Cabaçal Au-Cu project ("Cabaçal"), to continue to advance Santa Helena to an initial resource, to expand regional exploration programs on the wider Cabaçal VMS Belt and for general corporate and administration costs and general working capital. The Offering is expected to close on or about August 7, 2025 and is subject to customary closing conditions of this nature, including but not limited to, the Company receiving all necessary regulatory approvals, including the conditional approval from the Toronto Stock Exchange. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (" NI 45-106"), the Common Shares will be offered for sale to purchasers resident in each of the provinces and territories of Canada, except Quebec, and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (collectively, the " Listed Issuer Financing Exemption"). As the Offering is being completed pursuant to the Listed Issuer Financing Exemption, the Common Shares issued pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an offering document dated July 24, 2025 related to the Offering that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read this offering document before making an investment decision. No U.S. Offering or Registration This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the " 1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available. ABOUT MERIDIAN Meridian Mining is focused on: The development and exploration of the advanced stage Cabaçal VMS gold-copper project; The initial resource definition at the second higher-grade VMS asset at Santa Helena as the first stage of the Cabaçal Hub development strategy; Regional scale exploration of the Cabaçal VMS belt to expand the Cabaçal Hub strategy; and Exploration in the Jaurú & Araputanga Greenstone belts (the above all located in the State of Mato Grosso, Brazil). The Pre-feasibility Study technical report (the " PFS Technical Report") dated March 31, 2025, entitled: "Cabaçal Gold-Copper Project NI 43-101 Technical Report and Pre-feasibility Study" outlines a base case after-tax NPV5 of USD 984 million and 61.2% IRR from a pre-production capital cost of USD 248 million, leading to capital repayment in 17 months (assuming metals price scenario of USD 2,119 per ounces of gold, USD 4.16 per pound of copper, and USD 26.89 per ounce of silver). Cabaçal has a low All-in Sustaining-Cost of USD 742 per ounce gold equivalent & production profile of 141,000 ounce gold equivalent life of mine, driven by high metallurgical recovery, a low life-of-mine strip ratio of 2.3:1, and the low operating cost environment of Brazil. The Cabaçal Mineral Reserve estimate consists of Proven and Probable reserves of 41.7 million tonnes at 0.63g/t gold, 0.44% copper and 1.64g/t silver (at a 0.25 g/t gold equivalent cut-off grade). Readers are encouraged to read the PFS Technical Report in its entirety. The PFS Technical Report may be found under the Company's profile on SEDAR+ at and on the Company's website at The PFS Technical Report was prepared for the Company by Tommaso Roberto Raponi (P. Eng), Principal Metallurgist with Ausenco Engineering Canada ULC; Scott Elfen (P. E.), Global Lead Geotechnical and Civil Services with Ausenco Engineering Canada ULC; John Anthony McCartney, Ausenco Chile Ltda.; Porfirio Cabaleiro Rodriguez (Engineer Geologist FAIG), of GE21 Consultoria Mineral; Leonardo Soares (PGeo, MAIG), Senior Geological Consultant of GE21 Consultoria Mineral; Norman Lotter (Mineral Processing Engineer; of Flowsheets Metallurgical Consulting Inc.; and, Juliano Felix de Lima (Engineer Geologist MAIG), of GE21 Consultoria Mineral. Qualified Person Mr. , FAIG, Chief Geologist of Meridian Mining and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed, verified, and approved the technical information in this news release. On behalf of the Board of Directors of Meridian Mining UK S Mr. Gilbert Clark - CEO and Director Meridian Mining UK S 8th Floor, 4 More London Riverside London SE1 2AU United Kingdom Email: [email protected] Ph: +1 778 715-6410 (BST) Further information can be found at: CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws concerning the business, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, but are not limited to: the completion of the Offering, the issuance of the Common Share, the intended use of proceeds from the Offering and the expected closing date of the Offering. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the satisfaction of the conditions acceptable to the Company and the Agents; the Company receiving all requisite approvals in connection with the Offering, including the approval of the Toronto Stock Exchange; and fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated. These factors are discussed in greater detail in the Company's most recent Annual Information Form and in the most recent MD&A filed on SEDAR+, which also provide additional general assumptions in connection with these statements. The Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. 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 anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.
NZ Herald
21-07-2025
- Climate
- NZ Herald
How a solar storage battery is helping Raglan Community House support those in need
When storms knock out power in Whāingaroa, locals know where to go for shelter, warmth, a hot drink and someone to talk to. It's not a civil defence base or a generator-fed hub. It's Raglan Community House. Now, thanks to a solar storage battery funded by Meridian Energy, it's more reliable than ever. Run by a charitable trust, Raglan Community House has quietly done the work of many services under one roof for nearly four decades. 'We just work our butts off to make sure we cover as many people as possible,' said House manager Mike Rarere. Services include a drop-in lounge, low-cost counselling, free digital device support, youth programmes, budgeting advice and a local radio show. 'We cover the whole spectrum of our community, from mums and bubbas through to youth, families, adults going through tough times, and our senior community,' Rarere said. 'In rural areas you don't have lots of organisations doing one specialised thing. So, we try to meet as many needs as we can. Raglan is one of those places that likes to find its own solutions for its own challenges – it's a place where the community steps up.' Last year, more than 2200 people visited the drop-in lounge. 'We've got a lovely east-facing lounge that catches the sun, and a heat pump that keeps it warm in winter,' Rarere said. 'People come in for a cup of tea and a chat. A lot of humour, a lot of laughter goes down.' Keeping a centre like this running through wild weather hasn't been easy. Solar panels were installed more than a decade ago, long before energy storage was common for small charities. Until recently, it had no way to store the power it generated. That changed with support from Meridian Energy's Community Decarbonisation Fund. 'Before the battery was added, any excess power just went back to the grid,' Rarere said. 'Now we can store it and use it, even when the grid goes down.' It's a crucial upgrade for a hub that now can stay open when others can't. 'We've had a few power outages in recent years. We're one of the only places that can support people when it's cold and the power goes out,' he said. 'People need help. If there's no one, they're just on their own. For seniors and those living in poverty, no power means no cooking, no warmth. We provide a space that hopefully helps with that.' Although the battery is new, the house is already seen as a reliable fallback. For Rarere, it's about more than power. It's about purpose. 'Community organisations run on the smell of an oily rag. We already do a lot, and we also have to respond to things that pop up, whether it's mental health, domestic violence or something else. We just do our very best.' 'You never know what will walk through the door. Someone might be talking about self-harm or living in a tent. You've got to respond with empathy and stay solutions-focused. We don't have all the answers. We just try our best.' He urged other grassroots groups to apply for Meridian's backing. 'If it meets the criteria and they can get Meridian's support, that would be fantastic. The more we can do to build stability in our communities, the better.' Meridian's Community Decarbonisation Fund helps organisations reduce carbon emissions and supports their sustainability goals. Nearly $3 million has already supported community-led projects across the country. For Rarere, it all goes back to his early days as a youth worker in South Auckland, running martial arts and hip-hop events in the 1990s and 2000s. 'Living a life of purpose is something I reflected on many years ago. I had a look at earning a lot of money, but I saw people who had it and weren't happy. I wanted to be able to look back and say I'd made a difference,' he said. 'Working on the front line gives me perspective. When I'm feeling down or facing challenges in my own life, there's always someone out there doing it tougher. It's a privilege to hear people's stories. And it reminds me to just get on with it.' With a full battery, a warm lounge and an open door, Raglan Community House keeps the lights on – in every sense.
Yahoo
18-07-2025
- Business
- Yahoo
Buc-ee's discussed opening its westernmost location yet
Buc-ee's has explored the possibility of expanding to Idaho in a move that would give the Texas-based travel center its westernmost location. City officials in Meridian, Idaho met with Buc-ee's representatives on June 12 to discuss the potential of opening a travel center in the city, Meridian Economic Development Administrator Curtis Calder told USA TODAY. However, Buc-ee's has not submitted an application for the project. Though plans for an Idaho Buc-ee's are still hypothetical, Buc-ee's fans online are already eager for the travel center to hit their state. In a heartfelt TikTok video posted on July 9, a woman is told Buc-ee's may expand to Idaho in which she covers her mouth in disbelief. Buc-ee's did not wish to comment when contacted by USA TODAY on Friday, July 18. What's so great about Buc-ee's? Fans love the food, gas pumps, mascot, sparkling bathrooms Buc-ee's continues to expand national footprint Buc-ee's, a travel center known for its long-line of gas pumps, large restrooms and beaver-themed merchandise, was established in Texas by Arch "Beaver" Aplin III in 1982, per the Buc-ee's website. Over the past 40-plus years, Aplin has lead the opening of more than 50 locations, which started in Texas and then began to branch throughout the South, Midwest and now are creeping to the West. An expansion into Idaho would mark the chain's westernmost location, which is currently positioned in Berthoud, Colorado. Shoppers recently celebrated the grand opening of Virginia's first Buc-ee's location, which opened its doors in Mount Crawford on June 30. That location opened just one day before another new store in in Brunswick, on Georgia's southeast coast. Other states with Buc-ee's locations include Alabama, Florida, Georgia, Kentucky, Mississippi, Missouri, South Carolina and Tennessee. Contributing: Natalie Neysa Alund, USA TODAY Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: Buc-ee's in Idaho? What we know about potential new store location
Yahoo
18-07-2025
- Business
- Yahoo
Buc-ee's discussed opening its westernmost location yet
Buc-ee's has explored the possibility of expanding to Idaho in a move that would give the Texas-based travel center its westernmost location. City officials in Meridian, Idaho met with Buc-ee's representatives on June 12 to discuss the potential of opening a travel center in the city, Meridian Economic Development Administrator Curtis Calder told USA TODAY. However, Buc-ee's has not submitted an application for the project. Though plans for an Idaho Buc-ee's are still hypothetical, Buc-ee's fans online are already eager for the travel center to hit their state. In a heartfelt TikTok video posted on July 9, a woman is told Buc-ee's may expand to Idaho in which she covers her mouth in disbelief. Buc-ee's did not wish to comment when contacted by USA TODAY on Friday, July 18. What's so great about Buc-ee's? Fans love the food, gas pumps, mascot, sparkling bathrooms Buc-ee's continues to expand national footprint Buc-ee's, a travel center known for its long-line of gas pumps, large restrooms and beaver-themed merchandise, was established in Texas by Arch "Beaver" Aplin III in 1982, per the Buc-ee's website. Over the past 40-plus years, Aplin has lead the opening of more than 50 locations, which started in Texas and then began to branch throughout the South, Midwest and now are creeping to the West. An expansion into Idaho would mark the chain's westernmost location, which is currently positioned in Berthoud, Colorado. Shoppers recently celebrated the grand opening of Virginia's first Buc-ee's location, which opened its doors in Mount Crawford on June 30. That location opened just one day before another new store in in Brunswick, on Georgia's southeast coast. Other states with Buc-ee's locations include Alabama, Florida, Georgia, Kentucky, Mississippi, Missouri, South Carolina and Tennessee. Contributing: Natalie Neysa Alund, USA TODAY Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: Buc-ee's in Idaho? What we know about potential new store location
NZ Herald
17-07-2025
- Business
- NZ Herald
On the Up: Power pricing start-up Factor secures $3m, signs first customer across the Tasman
The Wellington-based pair say Factor is delivering a suite of tools – with AI in the mix – that automate what has traditionally been a clunky, spreadsheet-based pricing process for energy retailers, distribution networks and other energy tech companies. 'Simon and I have been working together for a decade. We were part of the founding team at Flick Electric,' Venning-Bryan says, name-checking the upstart electricity retailer that began its life selling power at wholesale rates plus a margin. Flick was sold to Z in 2018 for $46m. Z, in turn, sold Flick to Meridian in May for $70m. 'I was CMO [chief marketing officer] there and Simon was CTO [chief technology officer].' After Flick was sold to Z, Venning-Bryan and Pohlen left to help scale up Flux Federation, Meridian's in-house effort to create billing software (last month, Meridian announced plans to cull 53 jobs from Flux as it entered an outsourcing deal with British firm Kraken). 'In the course of that work, we got to understand the commercial and industrial sector more deeply. We could see there was an opportunity in forecasting and pricing. 'The crux of the problem is that when a utility – and this is globally true – has to provide a price for a commercial customer, which could be anyone from an office building through to a factory through to a farm, those prices are bespoke. They don't come off a generic price book like they might for residential. 'So what happens is they go to a back office pricing team, who almost always use a combination of SQL [database] queries and spreadsheets to come up with a price. It can take a few days or even a few weeks.' And things are getting more complicated as corporate power customers add solar panels to some of their rooftops, and maybe install EV chargers – and in Fonterra's case, electric milk truck chargers – and other points of complexity amid greater electrification. The rise of AI offered the opportunity to quickly gather pricing from legacy systems without power companies having to rip them out. 'We interviewed 30 utilities in 15 markets to validate our own thinking about that opportunity,' Venning-Bryan says. Max Factor To outsiders, coming from a tiny market might seem a disadvantage. But Venning-Bryan says offshore utilities are gobsmacked by the lengths the start-up has had to go to grapple with New Zealand's multi-player market, which has 27 networks. Their pitch: if they can make it work here, they can make it work anywhere. 'We cut our teeth in New Zealand, one of the world's most complex energy markets, with dozens of distribution networks and no standardised meter data format. We built Factor to handle that, and in doing so we built something market-agnostic. That's why we're ready to scale globally,' Venning-Bryan says. Pohlen says Factor can be set up using natural language queries, thanks to technology that builds on Amazon Web Service's Chronos LLM (large language model). Factor has 10 staff, mostly AI experts and data scientists. The new funding will be used in part to expand the team, including sales and marketing roles. Icehouse Ventures chief executive Robbie Paul says Factor's ability to apply modern software design and AI to deeply entrenched industry problems is what drew his attention. 'Just when you think software and AI has eliminated all inefficiencies, in walk great entrepreneurs like Jessica Venning-Bryan and Simon Pohlen optimising a colossal industry like energy,' Paul says. Factor is Icehouse's second early-stage investment announced this week. The firm has raised $16m toward its target $30m for its new Seed Fund IV. Chris Keall is an Auckland-based member of the Herald's business team. He joined the Herald in 2018 and is the technology editor and a senior business writer.
