Latest news with #Sanu
Yahoo
a day ago
- Business
- Yahoo
Longtime Newport News treasurer files as an Independent
NEWPORT NEWS, Va. (WAVY) — Longtime Newport News Treasurer Marty Eubank will seek re-election as an independent. Eubank filed paperwork and qualified with the Department of Voter Registration in May. For nearly three decades, Eubank has served as the Newport News treasurer. In March 2025, Eubank shared exclusively with WAVY-TV 10 that he would not seek re-election. Previous: Longtime Newport News treasurer will not seek reelection; 3 candidates enter race 'I did not have a change of heart. I have worked for the city for 41 years. I've been the longest-serving treasurer of 28 years for Newport News. I'm very proud of that. I very much looked forward to retiring this year,' he said. 'I did everything I could to position myself to run in this campaign for one more term. But after I met Sanu Dieng-Cooper, I talked to her and realized what a perfect candidate she would be to be my successor, which is something I've been looking for the past few years! She impressed me with her ideas, her vision, her knowledge of the office already, and her understanding of what it does. I realized she'd be the perfect candidate to win the Democratic primary. That's when I decided to bow out of the primary. I fully support Sanu. I 100% still endorse being the next Treasurer of Newport News. I'm confident that the voters will see how qualified she is. They will support and vote for her on June 17.' Your Local Election Headquarters on The Newport News Department of Voter Registration confirms that Sanu Dieng-Cooper and Derek Reason are the Democratic candidates for the June primary. There are no Republican candidates. Justin Kennedy, an independent candidate for treasurer, will appear on the November 4th ballot. Eubank told 10 On Your Side he filed as an independent following the 2025 NAACP Newport News Candidate Forum on April 30. 'I am confident she [Sanu] will win the Primary. But you can't predict an election, and that 1% off chance that Sanu might not win. Then I position myself to come back into the general election,' said Eubank. 'After watching the NAACP forum and listening to both sides, I was in the audience. I became concerned that Sanu Cooper has to be elected as our next treasurer. She has to!' Eubank also received a Freedom of Information (FOIA) request regarding the legitimacy of one of the candidates' businesses. WAVY-TV 10 received an independent copy of the FOIA from the Newport News Office of the Commissioner of the Revenue, which states the business in question 'does not hold a City of Newport News business license, as such a license is not required for the type of activity this business performs. The USDOT number associated with this business is currently listed as inactive in the Federal Motor Carrier Safety Administration (FMCSA) database. The business's status with the Virginia State Corporation Commission (SCC) is also listed as inactive per SCC records.' asked Eubank about 'integrity' following the recent filing. 'I'm doing it for the right reason, not the wrong reason. I'm not going back on my word. I still fully support Sanu. I fully expect her to win. She has my 100% endorsement. Come June 17, I will be by her side celebrating. But I am trying only to position myself [just] in case. Elections can be unpredictable in the event that 1% off the chance the Sanu is not elected. I will be here to protect this office,' said Eubank. Eubank urges residents to watch the candidate interviews and forum to 'judge for yourself.' 'I have always been a Democrat. I will always be a Democrat. I view myself at this point as an Independent-Democrat, but I'm doing what I have to do. I'm doing this for the right reasons. For the citizens of Newport News,' he said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Associated Press
14-04-2025
- Business
- Associated Press
Montage Gold Exercises Participation Rights in Sanu Gold
VANCOUVER, Canada, April 14, 2025 (GLOBE NEWSWIRE) -- April 14, 2025 — Montage Gold Corp. ('Montage' or the 'Company') (TSXV: MAU, OTCQX: MAUTF) is pleased to announce that it has exercised its participation right to maintain its equity interest in Sanu Gold Corporation ('Sanu') (CSE:SANU; OTCQB:SNGCF) following Sanu's non-brokered private placement as announced on March 25, 2025 (the 'Placement'). As a result, Montage has been issued 7,664,294 common shares of Sanu at a price of C$0.28 per share, paid for by way of the issuance of 848,222 common shares of Montage at a deemed price of C$2.53 per share, representing the 30-day VWAP at the time of Sanu's announcement of the Placement, for a deemed consideration of approximately C$2.1 million, resulting in a 19.5% ownership in Sanu. Montage has rights to top up its equity interest to 19.9% of Sanu Gold in a future financing. Montage shares were issued to Sanu under an exemption from the prospectus requirements of applicable Canadian securities laws and will be subject to a hold period of four months and one day from the date of issuance to Sanu. Any Sanu sale of Montage shares will be subject to certain notice rights to enable Montage Gold to designate a suitable purchaser(s), subject to the Investor Rights Agreement Threshold, as described in the Company's press release dated December 1, 2024. AngloGold Ashanti plc and the Lundin Family and their associates have also participated in the Placement to largely maintain each of their respective pro rata equity interests in the Company, of approximately 10.0% and 10.0%, respectively. The net proceeds from the Placement will be allocated by Sanu to further exploration efforts, including ground geophysics and the expansion of drilling programs on Sanu's Daina and Diguifara Gold Exploration Permits in Guinea, West Africa, as well as the Bantabaye Exploration Permit. Additionally, funds may support the acquisition of potential new exploration permits and will provide general working capital for Sanu. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ABOUT MONTAGE GOLD Montage Gold Corp. (TSXV: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné project, located in Côte d'Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the 'UFS'), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in Q2-2027. QUALIFIED PERSONS STATEMENT The scientific and technical contents of this press release related to Montage have been verified and approved by Silvia Bottero, BSc, MSc, a Qualified Person pursuant to NI 43-101. Mrs. Bottero, EVP Exploration of Montage, is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (SACNASP), a member of the Geological Society of South Africa and a Member of AusIMM. CONTACT INFORMATION FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking information and forward-looking statements within the meaning of Canadian securities legislation (collectively, 'Forward-looking Statements'). All statements, other than statements of historical fact, constitute Forward-looking Statements. Words such as 'will', 'intends', 'proposed' and 'expects' or similar expressions are intended to identify Forward-looking Statements. Forward-looking Statements in this press release include statements related to the activities and results of an exploration activities, the Company's objectives of achieving first gold pour in the second quarter of 2027; the Company's mineral reserve and resource estimates; the timing and amount of future production from the Koné Gold Project; anticipated mining and processing methods of the Koné Gold Project; anticipated mine life of the Koné Gold Project. Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There is no assurance that any economic satellite deposits will be discovered, and if discovered ever developed or mined. There can be no assurance that any Forward-looking Statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include uncertainties inherent in the preparation of mineral reserve and resource estimates and definitive feasibility studies such as the Mineral Reserve Estimate and the UFS, and in delineating new mineral reserve and resource estimates, including but not limited to, assumptions underlying the production estimates not being realized, incorrect cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates being lower than expected, unexpected adverse changes to geotechnical or hydrogeological considerations, or expectations in that regard not being met, unexpected failures of plant, equipment or processes (including construction equipment), delays in or increased costs for the delivery of construction equipment and services, unexpected changes to availability of power or the power rates, failure to maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipated delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d'Ivoire, title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, delays in or failure to receive access agreements or amended permits and other risk factors set forth in the Company's Annual Information form available at under the heading 'Risk Factors'. The Company undertakes 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 by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any Forward-looking Statement. Any Forward-looking Statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
New York Times
21-03-2025
- New York Times
In Japan, Timeshares Are Back, and Cooler Than Ever
In the foothills of Mount Asama, one of Japan's most active volcanoes, jagged lava formations dot the landscape — remnants of a 1783 eruption that swallowed villages and permanently scarred the land. A nearby park pocked with dark volcanic rock is called Onioshidashien, or Expelling Demons. Nearby, a crop of angular polyhedrons appeared last year, joining the lava deposits in this forested region about 90 miles northwest of central Tokyo. But these new objects arrived with skylights and saunas. The Mount Asama area, which one local tourism site calls 'one of the best spots in Japan to witness the threat of nature,' may seem an unlikely place for a showcase of modern design. But these geometric vacation homes mark the return of a trend that went out of fashion in Japan's post-1980s economic decline: timeshares. Built on platforms, the 14 Moss prefabricated cabins, designed by the architect Kotaro Anzai for the timeshare startup Sanu, have floor-to-ceiling windows to bring in views of the surrounding forest of Japanese maple, elm, magnolia and Mizunara oak. At 516 square feet, each cabin can accommodate four guests. Amenities include pellet stoves, wine cellars and, in some cases, private saunas and electric-vehicle chargers. Apart from their unusual geometric design, the cabins' main attraction may be their furniture, which is made entirely from Japanese wood: cypress, cedar and larch for the structures, cedar for the deck and window frames, and chestnut for the beds. A short drive away, Sanu's cluster of slightly larger, A-frame-style cabins also feature cedar and other Japanese woods. Inspired by honeycombs, the Bee bungalows have sleeping nooks with two semidouble beds framed by semicircular, slatted interior walls. There's plenty of light from large windows under the 13-foot ceilings, and some decks have wooden barrel saunas for warming up during the long winters. With their quirky shapes, lavish appointments and alluring settings, this new generation of timeshares is attracting remote workers, co-owners and investors ranging from middle-class families to global celebrities. They offer a fractional ownership system that is new to Japan — part of the redrawing of a tourism and leisure industry that has been shaken up by the rise of hybrid work and a surge of inbound visitors over the past few years. 'Owning a cottage can be very expensive in Japan, but we can overcome that through sharing,' said Gen Fukushima, 38, the chief executive of Sanu, which began operations in 2021 with the Bee cabins. 'We want to give people the chance to live and work remotely in a natural environment.' Sanu offers two basic services: Subscribers can pay a monthly fee of 55,000 yen (about $370) for up to seven nights at more than 30 sites across Japan. They can also buy shares of the properties for 12 nights a year starting at around 4 million yen ($27,000), including the right to sell unused nights back to the company. 'There's a growing trend to enjoy the stay itself, like staying put in a specific area and experiencing local life, or incorporating remote work in an environment surrounded by nature,' said Arata Kawamoto, 41, an engineer working in Tokyo who became a Sanu co-owner. 'This year I plan to invite my family and friends to enjoy fishing and stargazing.' Timeshares were a more popular concept in Japan's high-growth heyday and, more recently, before the yen lost about a third of its peak value. The country's timeshare market developed in the 1990s and early 2000s, centered on high-rise beachfront properties in Hawaii run by major hotel chains, as well as some domestic 'resort clubs' that offered a similar experience (but usually without a kitchen). The yen's recent drop has hit hard for the roughly 100,000 Japanese who own timeshares in Hawaii, with many struggling to sell their units because of increasingly expensive fees in dollars. Despite all this, Yasushi Asami, an urban engineering professor at the University of Tokyo, said Japanese consumers are once again warming to properties that offer flexibility as the app-based sharing economy gains traction in Japan. 'In terms of the real estate market, it used to be popular to purchase resort condominiums or villas, but recently, there are risks to owning them,' Mr. Asami said. 'So I think timeshare and accommodation types are becoming more popular.' Membership resort hotels, led by brands such as Tokyo's Prince Hotels, are expanding their offerings. The Orlando-based Hilton Grand Vacations, which operates nearly 200 timeshare resorts around the world, is opening a complex with 63 one-bedroom units in Kyoto, its third in Japan. At the other end of the spectrum are smaller-scale properties with heritage or high style. Some entrepreneurs are making use of Japan's millions of abandoned houses, or akiya, by turning them into shared accommodation. Kessaku, a startup founded in 2024, wants to protect heritage houses at risk of ruin or demolition by preserving them as timeshares. Starting from $15, investors can acquire fractional ownership and use of these homes; with enough shares, they can earn free nights or rent out the property to others. Kessaku currently has two properties: a 100-year-old merchant's residence in Yakage, Okayama Prefecture, with traditional tatami mats, shoji screens and fusuma sliding doors; and a 19th-century mae-nagare-style farmhouse in Nanto, Toyama Prefecture. 'I'm very interested in architecture and heritage preservation, and love the style and craftsmanship of traditional Japanese houses, so it's sad to see the loss of so many them across the country,' said the investor Nettah Yoeli-Rimmer, 40, a lecturer in Spanish literature and culture at the University of Antwerp who plans to use his Kessaku shares to recoup his investment through rentals. 'The Yakage property appealed because of its location — relatively easy to access by train, but off the beaten path.' Then there's the high end. Back in the Mount Asama region, a Tokyo-based startup called Not a Hotel has opened luxury accommodations such as Irori, a 2,684-square-foot structure that sleeps eight and evokes the clean lines of Frank Lloyd Wright. Its architect, Tessey Suma, centered the glass-walled house on its irori hearth, a dining space in traditional farmhouses. Wings lead off to bedrooms, a sauna overlooking a terrace and garden, and a bath fed by hot springs. Irori is in a gated subdivision with nine other Not a Hotel properties, including Base L, a black A-frame-style structure designed by Yosuke Aizawa of White Mountaineering that can sleep eight, has 1,700 square feet, a hot spring bath, a sauna and a private garden. These homes are designed to fill a void: There aren't enough stylish properties in Japan with a legacy of high design to meet the needs of international visitors, said David Marx, a company spokesman. Near a turntable in the Base lounge are vinyl records by artists like Bill Evans, Nina Simone and Takuya Kuroda, a jazz trumpeter. Two others who would fit right in are the singer Pharrell Williams and the record producer Nigo, both Louis Vuitton designers and now investors and advisers to Not a Hotel. The company's designers include the Norwegian firm Snøhetta, which conceived a mountaintop lodge in the ski resort of Rusutsu, accessible only via ski lift or helicopter. And Nigo, who doubles as a designer, is building a cliff-side house overlooking Tokyo Bay that will feature hotel-style guest pods and, on the roof, a 14-foot stainless steel astronaut sculpture by the American artist Brian Donnelly, a.k.a. KAWS. Buoyed by the cheap yen and surging inbound tourism, Not a Hotel says it has amassed contracts valued at 37.6 billion yen ($253 million) from nearly 750 co-owners since its establishment in 2020. The company's founder and C.E.O., Shinji Hamauzu, said the fractional ownership model allows clients to buy only as much as they need — one twelfth of a property allows 30 nights. 'Many affluent people today are able to work from wherever, and they like to travel around rather than commit to a single place every year,' Mr. Hamauzu said. 'Every time we expand our properties, we give owners new places to go.'
