Latest news with #REA
Zawya
6 hours ago
- Business
- Zawya
The Rural Electrification Agency (REA) Secures N500 Billion in Renewable Energy Deals to Power Nigeria's Rural Future
The Rural Electrification Agency (REA) has signed multiple Memoranda of Understanding (MOUs) with leading institutions and private sector partners to unlock over N500 billion in investments for renewable energy projects in Nigeria's underserved rural communities. Announced during an event titled 'Strengthening Partnership for Sustainable Energy Access and Socio-Economic Development,' these agreements aim to expand clean energy access and drive economic progress nationwide. Key Highlights of the MOUs REA Managing Director Abba Aliyu described the MOUs as actionable frameworks built on proven success. He cited past achievements such as: Deployment of four smart police stations with the Police Trust Fund [1]. Creation of a renewable energy testing center with Huawei [2]. Securing N100 billion in private sector debt funding through First City Monument Bank (FCMB) for renewable energy companies [3]. Aliyu added that partnerships with 13 state governments have already delivered 200 mini-grids across Nigeria [4]. The newly signed MOUs aim to attract N500 billion in commercial funding over three phases to scale these efforts further. Strategic Partnerships Nigeria Correctional Service: This MOU will deploy mini-grids and clean energy systems in custodial centers, starting at the Abuja headquarters [5]. Controller-General Sylvester Nwakuche said, 'This initiative goes beyond electricity, it's about rehabilitation and empowerment.' Galaxy Backbone: This collaboration will align internet and electricity infrastructure rollouts in educational institutions for greater efficiency [6]. NIRSAL Plc: Focused on agriculture, this partnership will power agribusiness clusters with clean energy and provide credit risk guarantees for rural vendors [8]. NIRSAL Plc Managing Director Sa'ad Hamidu noted, 'With over 60 percent of Nigerians in agriculture, this is a game-changer for growth.' Impact and Vision Executive Director of Technical Services Umar Umar highlighted REA's achievements: over 160 megawatts of solar capacity deployed, electrifying 1,650 communities, powering 1,000 healthcare centers, and benefiting six million Nigerians [7]. 'Rural electrification is a catalyst for education, health, security, and economic productivity,' Umar stated. REA aims to leverage these partnerships to transform energy access and socio-economic outcomes in Nigeria's rural regions. [ 1 ] - [ 2 ] - [ 3 ] - [ 4 ] - [ 5 ] - [6] - [ 7 ] - [8] [ 9 ] - Distributed by APO Group on behalf of Kowatek Solar LTD. Media Contact: nep@ +23480020202020 About the Rural Electrification Agency (REA): The REA is a Nigerian government agency dedicated to providing reliable, affordable electricity to rural and underserved areas through renewable energy solutions like solar mini-grids and standalone systems [9]. Disclaimer: This news release is issued by the Rural Electrification Agency (REA) and is intended for informational purposes only.
Yahoo
a day ago
- Business
- Yahoo
REAlloys Appoints Canada's former Ambassador to the United States David MacNaughton to Corporate Board of Directors
DALLAS, July 29, 2025 (GLOBE NEWSWIRE) -- Blackboxstocks Inc. (NASDAQ: BLBX), ('Blackbox' or the 'Company'), announces that its merger target REalloys Inc. ('REA' or 'REalloys') a vertically integrated critical mineral company, today announced the appointment of David MacNaughton, Canada's former Ambassador to the US, to its Corporate Board of Directors. David MacNaughton served as Canada's ambassador to the United States from 2016 to 2019 during the first Trump Administration. Ambassador MacNaughton successfully represented Canadian interests in the complex negotiations leading to the 2020 United States-Mexico-Canada Agreement (USMCA). The USMCA, which substituted the North America Free Trade Agreement (NAFTA) and was a mutually beneficial win for North American workers, farmers, ranchers, and businesses, created a more balanced, reciprocal trade supporting high-paying jobs for Americans and Canadians and opportunities for growing the North American economy. Ambassador MacNaughton was formerly Chairman of StrategyCorp and served as Canadian and North American president of Hill and Knowlton. He also headed Strathshore Financial, Inc. where he did mergers and acquisitions with a special focus on structuring public-private partnerships. He stepped down from his position as Ambassador in 2019 in order to join Palantir Technologies as President of Palantir's Canadian office. He also served on the Board of TC Energy Corporation, which operates 92,000 kilometers of gas pipeline and transports more than 25% of North American natural gas demand. As REalloys progresses in building its vertically integrated rare earth supply chain, with fully owned upstream asset Hoidas Lake in Saskatchewan, an MOU with The Saskatchewan Research Council on a strategic collaborative relationship in which SRC will provide midstream services to REA in support of this effort, and downstream capability with the acquisition of PMT Critical Metals in the United States, Ambassador MacNaughton will contribute his extensive expertise in public-private partnerships and North American statecraft to ensure REalloys' consortium meets its targets to enable North America to substantially divest from reliance on China during the timeframe of the current Canadian and US Administrations. David MacNaughton mentioned: 'I am thrilled to join the first Canada-US critical mineral consortium that has proven capacity in both light and heavy rare earths processing and metallization. Canada and the United States share a long border and close economic and national security cooperation. I am laser focused on practical ways to create win-win outcomes strategically and collaboratively, particularly in the national security space. REalloys will meaningfully benefit the United States, Canada, and the entire Western World.' About REAlloys Inc. REAlloys Inc. (REA) operates a downstream magnet material, critical metals, alloys, & magnet manufacturing facility, located in Euclid, Ohio, and owns the Hoidas Lake Rare Earth Elements Project, located in Saskatchewan, Canada. The project boasts a significant Mineral Resource Estimate of 2,153,000 tons of Total Rare Earth Oxides (TREO) in the Measured and Indicated categories, with significant potential upside. The Hoidas Lake deposit is distinguished by its unique combination of both Heavy Rare Earth Elements (HREEs), including Dysprosium, Terbium, Gadolinium, and Erbium, as well as Light Rare Earth Elements (LREEs) such as Neodymium, Praseodymium, Cerium, and Lanthanum. REA is expanding its Ohio facility's production capacity and is concurrently de-risking and advancing its HLREE Project. By incorporating additional verified rare earth element sources, toll manufacturing, and expanding the Euclid Facility's installed manufacturing capacity, REA is positioned to meet U.S. Protected Markets high performance magnet materials, critical metals, and magnets demand on an accelerated timeline. For more information, go to About Blackboxstocks Inc. Blackboxstocks Inc. is a financial technology and social media hybrid platform offering real-time proprietary analytics and news for stock and options traders of all levels. Our web-based software employs "predictive technology" enhanced by artificial intelligence to find volatility and unusual market activity that may result in the rapid change in the price of a stock or option. Blackbox continuously scans the NASDAQ, New York Stock Exchange, CBOE, and all other options markets, analyzing over 10,000 stocks and up to 1,500,000 options contracts multiple times per second. We provide our users with a fully interactive social media platform that is integrated into our dashboard, enabling our users to exchange information and ideas quickly and efficiently through a common network. We recently introduced a live audio/screenshare feature that allows our members to broadcast on their own channels to share trade strategies and market insight within the Blackbox community. Blackbox is a SaaS company with a growing base of users that spans over 40 countries. For more information, go to ContactsBlackboxstocks PCG AdvisoryJeff Ramson(646) 863-6893jramson@ REAlloys ArgyleCEO REalloys Safe Harbor Clause and Forward-Looking Statements This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'expose,' 'intend,' 'may,' 'might,' 'opportunity,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would' and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, (a) those factors described under the heading 'Risk Factors' in our filings with the SEC, including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time; (b) that the Company and REalloys may be unable to complete the proposed Merger and related transactions because, among other reasons, conditions to the closing of the proposed transaction may not be satisfied or waived; (c) uncertainty as to the timing of completion of the proposed Merger and related transactions; (d) the inability to complete the proposed transaction due to the failure to obtain Company stockholder approval for the proposed Merger and related transactions or the failure to satisfy other conditions to completion of the proposed Merger and related transactions; (e) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (f) risks related to disruption of management's attention from the Company's ongoing business operations due to the proposed transaction; (g) the effect of the announcement of the proposed transaction on the Company's relationships with its customers and suppliers, and on its operating results and business generally and (h) the outcome of any legal proceedings to the extent initiated against Company, REalloys or others following the announcement of the proposed transaction, as well as the Company's and REalloys' management's response to any of the aforementioned factors. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under 'Risk Factors' in our SEC filings may not be exhaustive. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods. Disclosure Information Blackbox uses and intends to continue to use its Investors website at as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company's Investors website, in addition to following the Company's press releases, SEC filings, public conference calls, presentations and 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
Business Standard
23-07-2025
- Business
- Business Standard
Board of Aurum Proptech approves acquisition of PropTiger
At meeting held on 23 July 2025 The Board of Aurum Proptech at its meeting held on 23 July 2025 has approved the acquisition of 100% equity shares of PropTiger Marketing Servies India, India (PropTiger), from REA India, Singapore (REA) through an all-stock, strategic equity swap and execution of the Share Acquisition Agreement with REA and PropTiger in relation to such acquisition. The Board also approved the issuance of 42,42,537 fully paid-up equity shares (face value INR 5/-) of the Company on a preferential basis (Preferential Issue) to REA, towards the discharge of consideration payable for the acquisition of 100% equity shares of PropTiger, as per the above. PropTiger is currently engaged in providing consultancy, counselling, advisory and marketing and facilitation services in relation to properties of any and all kinds.
News.com.au
18-07-2025
- Business
- News.com.au
Melbourne: Less listings, rising prices facing home buyers
Melbourne home buyers are facing less choice and a growing risk of imminent price rises after the number of new listings across the city substantially slumped last month. A report released this week shows the amount of new abodes listed in Victoria's capital dropped 14.1 per cent in June, compared to May. While winter starting traditionally leads to fewer homes being put up for sale, there was also a 4.4 per cent decrease in new listings across the 12 months to June. Phone bidder from NSW swoops at entry-level Leopold auction And research arm, PropTrack, is expecting 666 across Victoria this week, 19 per cent less than the same time last year. PropTrack senior economist Angus Moore said that having less stock on the market could lead to increased competition and, in turn, support home prices. 'We're expecting to see a couple more rate cuts this year – coupled with the fact Melbourne home prices have been consistently increasing this year for the first time since the RBA started raising rates, that's likely to support vendor confidence,' Mr Moore said. Total Melbourne listings, meaning all homes up for sale, not just new ones, declined 5.8 per cent from June 2024 to June 2025. Plus, PropTrack data last week revealed the city's median house price rose 1.6 per cent to hit $979,979 in June. Industry experts have tipped that Greater Melbourne's median house vale could top seven-figures before December. Victoria also recorded a 66 per cent clearance rate last week. Real Estate Institute of Victoria interim chief executive Jacob Caine said that the state's weekly clearance rates had been incrementally ticking upwards. 'We would attribute that to even though we didn't get an interest-rate cut last week, buyers and sellers are pricing in interest rate cuts to their buying and selling decisions,' Mr Caine said. 'So there's an anticipation of an easing in terms of repayment amounts and interest rates – and as a result, people are starting to demonstrate a little bit more confidence, whether that's from a buying perspective, or from having the confidence to go to the market and sell.'
Business Standard
15-07-2025
- Business
- Business Standard
Ramky Infrastructure executes restructuring exit agreement with its lenders
Completes debt restructuring of Rs 3959.81 cr Ramky Infrastructure becoming one of the few Indian companies to successfully execute a Restructuring Exit Agreement (REA) with its lenders. The company had earlier entered into a Restructuring Agreement (RA) on 12 June 2015, to reorganize a total debt of Rs 3,859.81 crore, comprising both term loans and working capital facilities. The restructured term loans were fully repaid by June 2019. Subsequently, on 11 July 2025, Ramky Infrastructure and its lenders formally executed the REA. As a result, all working capital facilities are now classified as regular and standard by the lenders. This milestone reflects the company's resilience and prudent financial management. With no outstanding term loans and a successful exit from the restructuring framework, Ramky Infrastructure is now well-positioned to improve both its external credit ratings and internal bank assessments, thereby strengthening its overall financial profile.
