Latest news with #Trident
STV News
an hour ago
- Business
- STV News
Scottish Secretary and defence minister to launch £250m Faslane investment
The Scottish Secretary and UK defence procurement minister are to launch a £250m investment at the base housing Scotland's nuclear weapons. The funding for HMNB Clyde at Faslane was announced in the spending review last month and will be spent over the next three years to improve infrastructure at the site. The upgrade will ensure the base can house the next generation of nuclear submarines. UK Government ministers Ian Murray and Maria Eagle will visit the site on Wednesday, meeting with senior military officials, the leaders of Inverclyde and Argyll and Bute councils, and local MPs. Scottish Secretary Mr Murray described the spending as a 'defence dividend' as he continued to talk up the economic impact of investing in the sector in Scotland, including through the Clyde 2070 programme, which will see billions pumped into the industry in the coming decades. 'With Faslane home to the nation's first and final line of defence – the UK's nuclear deterrent, it's only right that Clyde 2070 represents one of the most significant UK Government investments over the coming decades,' he said. 'It will ensure the Royal Navy can deliver the continuous at sea deterrent from a modern, efficient base which will result in a better environment for our hero submariners to live, work and train in. 'Crucially it will also create skilled jobs – including for small and medium-size firms – boost the economy and help tackle the critical skills gaps facing the country in sectors such as nuclear, construction, maritime and project management, by bringing together government, Scottish communities, industry, supply chains and academia to address the challenges.' Defence procurement minister Ms Eagle said Scotland plays a 'crucial role' in the country's Trident nuclear deterrent, which forms the 'bedrock of the UK's defence'. She added: 'We are today re-affirming that unshakeable commitment by launching this multibillion-pound investment to His Majesty's Naval Base Clyde, which is vital to our deterrence capability. 'The initial £250 million of funding over three years will support jobs, skills and growth across the west of Scotland. 'This Government will keep the UK safe for generations to come while delivering on the Plan for Change and making defence an engine for growth.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
Business Upturn
6 hours ago
- Business
- Business Upturn
Trident Resources Announces Disposition of Lincoln Gold Mining Inc. Shares
By GlobeNewswire Published on July 16, 2025, 02:00 IST Vancouver, BC, July 15, 2025 (GLOBE NEWSWIRE) — Trident Resources Corp. (TSX-V: ROCK ) (OTCQB: TRDTF ) ('Trident' or the 'Company') announces the disposition of securities of Lincoln Gold Mining Inc. ('Lincoln') (TSXV: LMG) on the TSX Venture Exchange. On July 14, 2025 and July 15, 2025, Trident disposed of 4,500,000 common shares (the 'Subject Shares') of Lincoln. The Subject Shares represented approximately 19.9% of all issued and outstanding common shares of Lincoln as of July 15, 2025 (22,559,831 per Lincoln's MD&A dated May 30, 2025), immediately following the transaction described above, resulting in a corresponding decrease in the percentage of shares held by Trident as a result of the transaction. Immediately before the transaction described above, Trident held 4,500,000 common shares of Lincoln (the 'Pre-Shares'), representing approximately 19.9% of the issued and outstanding common shares of Lincoln. Immediately following the transaction described above, Trident held 0 common shares of Lincoln (the 'Post-Shares'), representing approximately 0% of the issued and outstanding common shares of Lincoln. The Subject Shares were sold at a price of $0.20 per Subject Share, for an aggregate consideration of $900,000. The holdings of securities of Lincoln by Trident are managed for investment purposes. Trident may from time to time acquire additional securities of Lincoln, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current positions. A copy of the applicable securities report filed in connection with the matters set forth above may be obtained on SEDAR+ under the profiles of the Company and Lincoln. About Trident Resources Corp.: Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant historical gold resources located within the prospective and underexplored La Ronge Gold Belt, as well as the 100% owned Knife Lake copper project which contains a historical copper resource. Trident's Project Portfolio Map: To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company's website at Trident Resources Corp. Jonathan Wiesblatt, Chief Executive Officer Email: [email protected] For further information contact myself or: Andrew J. Ramcharan, PhD, Corporate Communications Trident Resources 647-309-5130Toll Free: 800-567-8181Facsimile: 604-687-3119 Email: [email protected] NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE. Forward-Looking Information and Statements This release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at for further information. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
North Wales Chronicle
7 hours ago
- Business
- North Wales Chronicle
Scottish Secretary and defence minister to launch £250m Faslane investment
The funding for HMNB Clyde at Faslane was announced in the spending review last month and will be spent over the next three years to improve infrastructure at the site. The upgrade will ensure the base can house the next generation of nuclear submarines. UK Government ministers Ian Murray and Maria Eagle will visit the site on Wednesday, meeting with senior military officials, the leaders of Inverclyde and Argyll and Bute councils, and local MPs. Scottish Secretary Mr Murray described the spending as a 'defence dividend' as he continued to talk up the economic impact of investing in the sector in Scotland, including through the Clyde 2070 programme, which will see billions pumped into the industry in the coming decades. 'With Faslane home to the nation's first and final line of defence – the UK's nuclear deterrent, it's only right that Clyde 2070 represents one of the most significant UK Government investments over the coming decades,' he said. 'It will ensure the Royal Navy can deliver the continuous at sea deterrent from a modern, efficient base which will result in a better environment for our hero submariners to live, work and train in. 'Crucially it will also create skilled jobs – including for small and medium-size firms – boost the economy and help tackle the critical skills gaps facing the country in sectors such as nuclear, construction, maritime and project management, by bringing together government, Scottish communities, industry, supply chains and academia to address the challenges.' Defence procurement minister Ms Eagle said Scotland plays a 'crucial role' in the country's Trident nuclear deterrent, which forms the 'bedrock of the UK's defence'. She added: 'We are today re-affirming that unshakeable commitment by launching this multibillion-pound investment to His Majesty's Naval Base Clyde, which is vital to our deterrence capability. 'The initial £250 million of funding over three years will support jobs, skills and growth across the west of Scotland. 'This Government will keep the UK safe for generations to come while delivering on the Plan for Change and making defence an engine for growth.'
Glasgow Times
9 hours ago
- Business
- Glasgow Times
Scottish Secretary and defence minister to launch £250m Faslane investment
The funding for HMNB Clyde at Faslane was announced in the spending review last month and will be spent over the next three years to improve infrastructure at the site. The upgrade will ensure the base can house the next generation of nuclear submarines. UK Government ministers Ian Murray and Maria Eagle will visit the site on Wednesday, meeting with senior military officials, the leaders of Inverclyde and Argyll and Bute councils, and local MPs. Scottish Secretary Mr Murray described the spending as a 'defence dividend' as he continued to talk up the economic impact of investing in the sector in Scotland, including through the Clyde 2070 programme, which will see billions pumped into the industry in the coming decades. Scottish Secretary Ian Murray said the investment will create skilled jobs (PA) 'With Faslane home to the nation's first and final line of defence – the UK's nuclear deterrent, it's only right that Clyde 2070 represents one of the most significant UK Government investments over the coming decades,' he said. 'It will ensure the Royal Navy can deliver the continuous at sea deterrent from a modern, efficient base which will result in a better environment for our hero submariners to live, work and train in. 'Crucially it will also create skilled jobs – including for small and medium-size firms – boost the economy and help tackle the critical skills gaps facing the country in sectors such as nuclear, construction, maritime and project management, by bringing together government, Scottish communities, industry, supply chains and academia to address the challenges.' Defence procurement minister Ms Eagle said Scotland plays a 'crucial role' in the country's Trident nuclear deterrent, which forms the 'bedrock of the UK's defence'. She added: 'We are today re-affirming that unshakeable commitment by launching this multibillion-pound investment to His Majesty's Naval Base Clyde, which is vital to our deterrence capability. 'The initial £250 million of funding over three years will support jobs, skills and growth across the west of Scotland. 'This Government will keep the UK safe for generations to come while delivering on the Plan for Change and making defence an engine for growth.'
South Wales Argus
9 hours ago
- Business
- South Wales Argus
Scottish Secretary and defence minister to launch £250m Faslane investment
The funding for HMNB Clyde at Faslane was announced in the spending review last month and will be spent over the next three years to improve infrastructure at the site. The upgrade will ensure the base can house the next generation of nuclear submarines. UK Government ministers Ian Murray and Maria Eagle will visit the site on Wednesday, meeting with senior military officials, the leaders of Inverclyde and Argyll and Bute councils, and local MPs. Scottish Secretary Mr Murray described the spending as a 'defence dividend' as he continued to talk up the economic impact of investing in the sector in Scotland, including through the Clyde 2070 programme, which will see billions pumped into the industry in the coming decades. Scottish Secretary Ian Murray said the investment will create skilled jobs (PA) 'With Faslane home to the nation's first and final line of defence – the UK's nuclear deterrent, it's only right that Clyde 2070 represents one of the most significant UK Government investments over the coming decades,' he said. 'It will ensure the Royal Navy can deliver the continuous at sea deterrent from a modern, efficient base which will result in a better environment for our hero submariners to live, work and train in. 'Crucially it will also create skilled jobs – including for small and medium-size firms – boost the economy and help tackle the critical skills gaps facing the country in sectors such as nuclear, construction, maritime and project management, by bringing together government, Scottish communities, industry, supply chains and academia to address the challenges.' Defence procurement minister Ms Eagle said Scotland plays a 'crucial role' in the country's Trident nuclear deterrent, which forms the 'bedrock of the UK's defence'. She added: 'We are today re-affirming that unshakeable commitment by launching this multibillion-pound investment to His Majesty's Naval Base Clyde, which is vital to our deterrence capability. 'The initial £250 million of funding over three years will support jobs, skills and growth across the west of Scotland. 'This Government will keep the UK safe for generations to come while delivering on the Plan for Change and making defence an engine for growth.'
