Latest news with #OTCMKTS
Toronto Star
2 days ago
- Business
- Toronto Star
Cerro de Pasco Resources Reports 2025 Fiscal Year-End Financial Results and Strategic Milestones
MONTRÉAL, July 30, 2025 (GLOBE NEWSWIRE) — Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS: GPPRF) (BVL: CDPR) ('CDPR' or the 'Company') announces its audited financial results for the year ended March 31, 2025. The Company significantly strengthened its financial position following the strategic realignment from the sale of non-core assets, resulting in net income of $24.6 million for the year. CDPR is now well-capitalized and strongly positioned to advance its world-class Quiulacocha Tailings Project.
Business Upturn
5 days ago
- Business
- Business Upturn
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CARM, ENZB, HSON, TTNP on Behalf of Shareholders
NEW YORK, July 26, 2025 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Carisma Therapeutics Inc. (NASDAQ: CARM)'s merger with OrthoCellix, Inc. Upon completion of the proposed transaction, existing Carisma shareholders are expected to own approximately 10% of the combined company. If you are a Carisma shareholder, click here to learn more about your legal rights and options. Enzo Biochem, Inc. (OTCMKTS: ENZB)'s sale to Battery Ventures for $0.70 per share in cash. If you are an Enzo shareholder, click here to learn more about your rights and options. Hudson Global, Inc. (NASDAQ: HSON)'s merger with Star Equity Holdings, Inc. Upon completion of the proposed transaction, Hudson shareholders will own approximately 79% of the combined company. If you are a Hudson shareholder, click here to learn more about your rights and options. Titan Pharmaceuticals, Inc. (NASDAQ: TTNP)'s merger with KE Sdn. Bhd. Upon closing of the proposed transaction, Titan shareholders expect to own approximately 13.3% of the combined company. If you are a Titan shareholder, click here to learn more about your legal rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLCDaniel Sadeh, Halper, World Trade Center85th FloorNew York, NY 10007(212) 763-0060 [email protected] [email protected]
Toronto Star
23-07-2025
- Business
- Toronto Star
Cerro de Pasco Resources Common Shares Begin Trading on the Lima Stock Exchange
MONTRÉAL, July 23, 2025 (GLOBE NEWSWIRE) — Cerro de Pasco Resources Inc. (TSXV: CDPR) (BVL: CDPR) (OTCMKTS: GPPRF) (FRA: N8HP) ('CDPR' or the 'Company') is pleased to announce that its common shares began trading on the Lima Stock Exchange ('BVL') on July 17, 2025. Kallpa Securities S.A.B. in Lima, Peru acted as sponsoring broker for the BVL listing. This milestone forms part of CDPR's strategy to broaden its presence in Latin America and increase visibility among regional investors. The Company's primary listing remains on the TSX Venture Exchange (TSXV).
Hamilton Spectator
23-07-2025
- Business
- Hamilton Spectator
Cerro de Pasco Resources Common Shares Begin Trading on the Lima Stock Exchange
MONTRÉAL, July 23, 2025 (GLOBE NEWSWIRE) — Cerro de Pasco Resources Inc . (TSXV: CDPR) (BVL: CDPR) (OTCMKTS: GPPRF) (FRA: N8HP) ('CDPR' or the 'Company') is pleased to announce that its common shares began trading on the Lima Stock Exchange ('BVL') on July 17, 2025. Kallpa Securities S.A.B. in Lima, Peru acted as sponsoring broker for the BVL listing. This milestone forms part of CDPR's strategy to broaden its presence in Latin America and increase visibility among regional investors. The Company's primary listing remains on the TSX Venture Exchange (TSXV). Executive Commentary 'Cerro de Pasco is emblematic for Peruvians — it's known as the 'Capital Minera,' or 'Mining Capital,' as proudly stated at the city's entrance,' said Guy Goulet, CEO of CDPR. 'Listing on the Lima Stock Exchange is a natural step for us. It connects CDPR with a broader base of investors who understand the history, significance, and long-term potential of this region. There is strong institutional interest in Lima, and this listing allows us to build relationships with local funds and stakeholders who care deeply about the future of Cerro de Pasco.' About Cerro de Pasco Resources Cerro de Pasco Resources is focused on the development of its principal 100% owned asset, the El Metalurgista mining concession, comprising silver-rich mineral tailings and stockpiles extracted over a century of operation from the Cerro de Pasco open pit and underground mine in central Peru. The Company's strategy entails the reprocessing and environmental remediation of historic mining waste, unlocking value while supporting sustainable development. The asset represents one of the world's largest above-ground metal resources. For more information, please visit: Further Information: Guy Goulet, CEO Telephone: +1-579-476-7000 Mobile: +1-514-294-7000 ggoulet@ Donna Yoshimatsu, Senior Strategic Advisor / Investor Relations Mobile: +1 416-722-2456 dyoshi@ Forward-Looking Statements and Disclaimer Certain information contained herein may constitute 'forward-looking information' under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, 'will be', 'expected' or variations of such words and phrases or statements that certain actions, events or results 'will' occur. Forward-looking statements, including the expectations related to the Corporation's objectives, goals or future plans, including the budgeted work program, are based on the Corporation's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Corporation will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Business Wire
07-07-2025
- Business
- Business Wire
United Energy LNG and Power LNG Announce Merger to Establish an Advanced Scalable Small-Scale LNG Platform
PLANO, Texas--(BUSINESS WIRE)--United Energy LNG and Power LNG announced today the signing of a strategic merger that will create a scalable small-scale LNG platform serving industrial, power, and transport markets across North America. With Three Sites now in Development, United Energy LNG Emerges as the Clear Leader in Small-Scale LNG Share The combined entity, operating under United Energy LNG (UE LNG), immediately oversees a portfolio of three LNG production sites in advanced stages of development. UE LNG is announcing the commencement of Front-End Loading Phase 1 (FEL-1) at its first project site in Houston, Texas, with a second confidential site underway. A third site in Independence, Kansas is scheduled to begin FEL-1 later this month. With geographic diversity and early-stage capacity, UE LNG aims to expand LNG access for high-demand domestic users. 'While the majors are focused on megaprojects, we're deploying modular, nimble solutions that get LNG to the people and industries who need it now,' said Brian Guinn, Chief Executive Officer of United Energy LNG. Expand Modular LNG for Distributed Markets Unlike traditional LNG developments requiring multi-billion-dollar investments and long permitting timelines, United Energy LNG is focused on scalable, regionally targeted solutions: Small-scale liquefaction units designed for local and regional demand Modular deployment to reduce lead times and capital intensity Focused on inland, onshore, and distributed energy applications Virtual pipeline logistics to bypass pipeline constraints This approach enables faster project execution and cost-effective access to clean fuels for underserved markets. Expand Addressing Gaps in the U.S. LNG Infrastructure Landscape Despite global LNG investment nearing $200 billion annually, small-scale LNG remains the least crowded, most overlooked frontier in U.S. energy. Major players focus on export, while decentralized markets remain stranded. That gap is UE LNG's advantage. 'This merger represents the alignment of speed, innovation, and execution,' said Austin Terry, CEO of Power LNG. 'By combining our development and operational expertise with United Energy's capital platform, we're unlocking a scalable model for delivering LNG where it's needed most.' Expand Inside the Transaction The merger combines United Energy's upstream operating experience and public market presence with Power LNG's permitting progress, engineering capabilities, and pipeline of modular projects. Key metrics include: 3 Active Development Sites across Texas, Kansas, and the Gulf Coast Targeted Liquefaction Capacity of up to 540,000 MTPA at full deployment Estimated Capital Investment: $240–270 million across three facilities Cash flow projections targeting breakeven within 12–18 months post-commissioning Engineering, procurement, and strategic project management partnerships Public market access via United Energy LNG's parent company (OTCMKTS: UNRG) Expand Distributed LNG for Energy Transition Applications UE LNG's modular platform is being developed to serve: Remote and underserved power generation sites Heavy-duty transportation and marine fueling networks Critical infrastructure requiring fuel resilience Industrial operations seeking lower-emission alternatives to diesel and propane Expand Outlook and Commercial Pathway United Energy LNG plans to reach financial close on its first three facilities by Q1 2026, with commissioning expected by Q1 2027. The company is actively engaging with feedgas suppliers, utilities, and logistics providers to build out a nationwide virtual LNG delivery network. The company estimates that its addressable domestic market exceeds 2 billion cubic feet equivalent annually, representing a $3+ billion opportunity in underserved power, transport, and industrial sectors. 'This is just the beginning,' said Guinn. 'By 2028, we aim to operate a network of scalable LNG hubs serving a portfolio of contracted customers across the U.S., turning America's natural gas into clean, distributed power for everyone.' Expand About United Energy LNG United Energy LNG, a wholly-owned subsidiary of United Energy Corporation (OTCMKTS: UNRG), is a vertically integrated small-scale LNG company developing modular liquefaction plants to deliver clean-burning natural gas to industrial, transport, and power markets across the U.S. About Power LNG Power LNG is a U.S.-based developer of modular small-scale LNG projects, focused on delivering clean, reliable energy to underserved industrial, power, and transport users. With a pipeline of fast-track sites and integrated delivery logistics, Power LNG advances flexible solutions for the natural gas sector. Expand Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the proposed merger between United Energy LNG and Power LNG, expected development timelines, projected capital expenditures, revenue forecasts, market opportunities, and future business strategies. These forward-looking statements are based on current expectations and assumptions that involve risks and uncertainties, which may cause actual results to differ materially from those anticipated. Factors that could cause actual results to differ materially include, but are not limited to: failure to execute definitive agreements, changes in market conditions, regulatory approvals, financing availability, construction delays, fluctuations in commodity prices, and general economic and business conditions. Neither United Energy Corporation nor Power LNG undertakes any obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
