Latest news with #UnitedStatesPrivateSecuritiesLitigationReformActof1995
Yahoo
4 hours ago
- Business
- Yahoo
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada. "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." - Tracy Robinson, President and Chief Executive Officer of CN 'These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade.' - Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce In 2024, CN invested approximately $84 million in New Brunswick and Nova Scotia to support track maintenance and strategic infrastructure initiatives. The majority of this spending supports the ongoing maintenance of CN infrastructure including rail and tie replacements, grade crossing work and structure maintenance. Highlights of last year's investment include: Over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick Approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S. New Brunswick in Numbers: Employees: approximately 362 Railroad route miles operated: 596 Community investments: $687,000 in 2024 Local spending: $55 million in 2024 Cash taxes paid: $18 million in 2024 Nova Scotia in Numbers: Employees: approximately 356 Railroad route miles operated: 162 Community investments: $453,000 in 2024 Local spending: $89 million in 2024 Cash taxes paid: $8.1 million in 2024 CN Forward-Looking Statements Certain statements by CN included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@
Yahoo
5 hours ago
- Business
- Yahoo
CN to Invest $80 Million in Atlantic Canada to Build Capacity and Power Sustainable Growth
MONTREAL, June 05, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $80 million CAD in New Brunswick and Nova Scotia, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives to support rail operations in the region, including upgrade projects to improve operations at CN's railyards and the CN Autoport facility in Eastern Passage, N.S. These investments will help ensure the safe movement of goods and support long-term sustainable growth across CN's network in Atlantic Canada. "We believe that investing in our network is about building for the future. Our continued infrastructure investment in New Brunswick and Nova Scotia will help strengthen the resiliency, and efficiency of our network across Atlantic Canada. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate." - Tracy Robinson, President and Chief Executive Officer of CN 'These investments by CN ensure Atlantic Canada is ready to power economic growth through strong, resilient supply chains that bolster domestic and international trade.' - Rhonda Tulk-Lane, CEO of the Atlantic Chamber of Commerce In 2024, CN invested approximately $84 million in New Brunswick and Nova Scotia to support track maintenance and strategic infrastructure initiatives. The majority of this spending supports the ongoing maintenance of CN infrastructure including rail and tie replacements, grade crossing work and structure maintenance. Highlights of last year's investment include: Over $5 million for a rail bridge upgrade on CN's Napadogan Subdivision in New Brunswick Approximately $4 million in improvements to CN's Autoport in Eastern Passage, N.S. New Brunswick in Numbers: Employees: approximately 362 Railroad route miles operated: 596 Community investments: $687,000 in 2024 Local spending: $55 million in 2024 Cash taxes paid: $18 million in 2024 Nova Scotia in Numbers: Employees: approximately 356 Railroad route miles operated: 162 Community investments: $453,000 in 2024 Local spending: $89 million in 2024 Cash taxes paid: $8.1 million in 2024 CN Forward-Looking Statements Certain statements by CN included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CNCN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329 (514) 399-0052 media@
Associated Press
a day ago
- Business
- Associated Press
BitFuFu Announces May 2025 Bitcoin Mining and Operation Updates, Highlighting Record Hashrate of 34.1 EH/s
SINGAPORE, June 04, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. ('BitFuFu' or the 'Company') (NASDAQ: FUFU), a world-leading Bitcoin miner and mining services innovator, today announced its unaudited production and mining operation updates for May 2025. 'To meet the continued strong demand for cloud mining services, in May we further expanded our hashrate and power capacity to record levels of 34.1 EH/s and 651 MW, respectively,' said Leo Lu, Chairman and CEO of BitFuFu. 'In May 2025 alone, BitFuFu mined 400 BTC, including 357 BTC mined by our cloud-mining customers. The significant increase in Bitcoin production in May, up 91.4% month-over-month, directly reflects a full month's contribution from the additional hashrate purchased in late April. Similarly, the new hashrate acquired at the end of May is expected to position the Company for another strong increase in Bitcoin production in June, as Bitcoin productions benefit from this expanded capacity throughout the entire month.' Lu continued, 'Consistent with our disciplined treasury management strategy, after suspending Bitcoin sales for almost four months, we opportunistically sold 178 BTC at an average price of $104,000 during the recent all-time high in May. These strategic sales enabled us to capitalize on favorable market conditions, efficiently cover operational expenses, and strengthen our liquidity. Our long‑term conviction in Bitcoin is unchanged, and we will continue to hold a substantial balance while managing the business responsibly.' May 2025 Highlights ( as of May 31, 2025 ) Bitcoin Holdings and Production Hashrate Overview Power and Infrastructure Mining Services About BitFuFu Inc. BitFuFu Inc. is a world-leading Bitcoin miner and mining services innovator. BitFuFu is committed to empowering the global Bitcoin network through its industry-leading cloud mining platform, rapidly scaling infrastructure, and innovative mining services. For more information, visit or follow BitFuFu on X @ BitFuFuOfficial. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'will,' 'expect,' 'anticipate,' 'believe,' 'seek,' 'target' or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law. For investor inquiries, please contact: For general inquiries, please contact: BitFuFu Media Relations: [email protected] 1 Includes 689 BTC pledged for loans and miner procurement payables and excludes BTC produced by cloud mining customers 2 Hashrate may be used for both self-mining and cloud-mining
Yahoo
2 days ago
- Business
- Yahoo
Join XTI Aerospace's June 11 Live Investor Webinar and Q&A Session Hosted by RedChip
ENGLEWOOD, Colo., June 3, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, is pleased to invite investors to a webinar on June 11, 2025, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature XTI's Chairman and CEO, Scott Pomeroy. Attendees will gain insight into XTI Aerospace's vision for transforming regional air mobility through the TriFan 600—its breakthrough vertical takeoff and landing (VTOL) aircraft. With over $3 billion in conditional pre-orders and reservations, XTI is targeting an emerging market, expected by Morgan Stanley to be $9 trillion by 2050, with a category-defining aircraft that bridges the gap between helicopters and regional business airplanes. Investors will learn how XTI's dual-revenue model—anchored by its aviation program and its Inpixon RTLS technology business—will position the company for scalable growth. The webinar will highlight recent engineering milestones, FAA certification progress, and why industry leaders are backing XTI's mission to lead the next era of powered-lift aviation. A live question and answer session will follow the presentation. To register for the free webinar, please visit: Questions can be pre-submitted to XTIA@ or online during the live event. A recording of the webinar will be available on the Company's investor relations website at by June 12 until September 12, 2025. About XTI Aerospace, Inc. XTI Aerospace ( (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, maximum cruising speeds of 311 mph and a range of 985 miles, creating an entirely new category – the xVTOL. Additionally, the Inpixon ( business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI, please visit and follow XTI on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about the products under development by XTI, the advantages of XTI's technology, and XTI's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations, which include, but are not limited to, the fact that XTI's aviation program is in the pre-revenue stage and that XTI has not yet manufactured any non-prototype aircraft or delivered any aircraft to a customer, and the risk that XTI's conditional pre-orders and reservations for the TriFan 600 aircraft are canceled, modified, delayed or not placed and that XTI must return refundable deposits. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. Contacts General inquiries:Email: contact@ Web: Investor Relations:Dave Gentry, CEORedChip Companies, 1-407-644-4256Email: XTIA@ View original content to download multimedia: SOURCE XTI Aerospace, Inc. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Teck Provides Update on Chile Operations Maintenance
VANCOUVER, British Columbia, June 02, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ('Teck') announced today a mechanical issue at its Carmen de Andacollo (CdA) Operations in Chile requiring a maintenance shutdown of the SAG mill. We estimate that production will be interrupted for approximately one month for repairs. CdA will mitigate the effect of the interruption by rescheduling other planned plant maintenance to coincide with the mill downtime. We do not expect a material production impact from the downtime, and our previously disclosed guidance for 2025 total annual copper production and 2025 annual copper production for CdA remains unchanged. Teck also announced an unrelated temporary outage of the shiploader at the Quebrada Blanca (QB) port facility in Northern Chile. Our preliminary estimate is that repairs to the shiploader will take approximately one month. Operations at the QB mine and plant continue as normal and the operation has capacity to ship via alternative ports. As a result, we do not expect a material sales impact from the outage and previously disclosed guidance for 2025 annual copper production for QB remains unchanged. Forward-Looking StatementsThis news release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by statements that certain actions, events or results 'may', 'estimate', 'could', 'take', 'advantage', 'should', 'expect', 'would', 'might' or 'will' be taken, occur or achieved. Forward-looking statements include statements regarding Teck's expectations regarding the length of the production suspension at CdA, the length of the outage of the QB port facility, the resulting impacts on Teck's 2025 annual copper production, sales and cost guidance, the resulting impacts on CdA's 2025 annual copper production and cost guidance, the ability of CdA to mitigate the interruption by rescheduling other planned plant maintenance or otherwise, and the availability of alternative shipping capacity for QB. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, availability of required repair and maintenance equipment, and personnel and other matters. Factors that may cause actual results to vary include, but are not limited to, Teck's ability to complete the repairs as currently contemplated and on the timeline currently contemplated, unforeseen technical issues, unplanned delays in repairs, including due to weather, unavailability of labour, delays in receiving materials and supplies, natural disaster, changes in general economic conditions, availability of alternative shipping capacity, and other risk factors impacting Teck's business as detailed in Teck's annual information form and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document, except as may be required under applicable securities laws. About TeckTeck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at or follow @TeckResources. Investor Contact:Emma ChapmanVice President, Investor Relations + Media Contact:Dale SteevesDirector, External Communications236.987.7405 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
