Latest News from Business Wire
Business Wire
23 minutes ago
- Business
- Business Wire
Silver Storm Announces Upsize of Brokered Private Placement for Gross Proceeds of up to C$8.0 Million
TORONTO--(BUSINESS WIRE)--Silver Storm Mining Ltd. (' Silver Storm ' or the " Company") (TSX.V: SVRS | FSE: SVR), is pleased to announce that as a result of strong investor demand, the Company and Red Cloud Securities Inc. as lead agent and bookrunner and Ventum Financial Corp, as co-agent (collectively, the ' Agents '), have agreed to increase the size of the previously announced best-efforts private placement (the ' Marketed Offering ') from gross proceeds of up to C$6,006,000 to gross proceeds of up to C$8,008,000. The upsized Marketed Offering is comprised of the sale of up to 61,600,000 units of the Company (each, a ' Unit ') at a price of $0.13 per Unit (the ' Offering Price '). Each Unit will consist of one common share of the Company (each, a ' Unit Share ') and one common share purchase warrant (each a ' Warrant '). Each Warrant shall entitle the holder to purchase one common share (each, a ' Warrant Share ') at a price of C$0.20 at any time on or before that date which is thirty-six (36) months after the Closing Date (as hereinafter defined). The Company has granted to the Agents an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to sell up to an additional 15,400,000 Units at the Offering Price to raise up to an additional C$2,002,000 in gross proceeds (the ' Agent's Option ', and together with the Marketed Offering, the ' Offering '). The Company intends to use the net proceeds from the Offering to commence rehabilitation work of the La Parrilla processing facility, order long lead items required to restart La Parrilla, fund ongoing operations for the next twelve months, and for general corporate and working capital purposes, all as further detailed in the Offering Document. Subject to compliance with applicable regulatory requirements and in accordance with Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanker Order 45-935 – Exemptions From Certain Conditions of the Listed Issuer Financing Exemption (the ' Listed Issuer Financing Exemption '), the Units will be offered for sale to purchasers resident in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. The Unit Shares and Warrant Shares underlying the Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers' resident in Canada. The Units sold under the Offering may also be issued to purchasers outside of Canada, including to purchaser's resident in the United States and in certain offshore foreign jurisdictions, pursuant to applicable regulatory requirements and in accordance with OSC Rule 72-503 - Distributions Outside Canada (' OSC Rule 72-503 '). The Units sold to purchasers in the United States will be made on a private placement basis pursuant to one or more exemptions from registration requirements of the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '). Purchasers are advised to consult their own legal advisors in this regard. There is an amended and restated offering document relating to the Offering (the " Amended and Restated Offering Document") that can be accessed under the Company's profile at and on the Company's website at Prospective investors in the Offering should read the Amended and Restated Offering Document before making an investment decision. The Offering is scheduled to close on or about June 5, 2025 (the ' Closing Date '), or such other date as the Company and the Agent may agree. Completion of the Offering is subject to certain conditions including but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the ' TSXV '). The Agents shall receive a cash commission equal to 6.0% of the gross proceeds of the Offering and broker warrants (each, a ' Broker Warrant ') equal to 6.0% of the number of Units sold pursuant to the Offering, other than from proceeds received from sales to certain President's List purchasers identified by the Company, for which a 2.0% cash commission and 2.0% Broker Warrants will be payable. Each Broker Warrant is exercisable into one common share of the Company at the Offering Price for a period of thirty-six (36) months following the completion of the Offering. This news release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Silver Storm Mining Ltd. Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. In 2023 Silver Storm acquired of 100% of the La Parrilla Silver Mine Complex, a prolific past producing operation comprised of a 2,000 tpd mill as well as five underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit our website at 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. Cautionary Note Regarding Forward Looking Statements: Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of the phrase 'forward-looking information' in the Canadian Securities Administrators' National Instrument 51-102 – Continuous Disclosure Obligations. Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company completing the Offering as planned and on the terms presented, the intended use of proceeds of the Offering, the closing conditions of the Offering, TSXV approval of the Offering, the anticipated closing date of the Offering, the Company's plans and expectations for La Parrilla, and the ability to eventually place the La Parrilla Complex back into production. In making the forward-looking statements included in this news release, the Company have applied several material assumptions, including that the Offering will close on the anticipated terms or at all or may not close on the terms and conditions currently anticipated by the Company; that the Units will have the anticipated terms; that the Company will use the net proceeds of the Offering as anticipated; that the Company will receive all necessary approvals in respect of the Offering; the Company´s financial condition and development plans do not change because of unforeseen events, and management's ability to execute its business strategy and no unexpected or adverse regulatory changes with respect to La Parrilla, the decision to potentially place La Parrilla into production, other production related decisions or to otherwise carry out mining and processing operations, being largely based on internal non-public Company data and reports from previous operations and not based on NI 43-101 compliant reserve estimates, preliminary economic assessments, pre-feasibility or feasibility studies, resulting in higher risks than would be the case if a feasibility study were completed and relied upon to make a production decision. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Such forward-looking information represents managements best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Business Wire
24 minutes ago
- Business
- Business Wire
American Express Ranks No. 1 in the J.D. Power U.S. Credit Card Mobile App and Online Satisfaction Studies
NEW YORK--(BUSINESS WIRE)--The American Express ® App and the American Express (NYSE: AXP) website both rank number one in the J.D. Power 2025 U.S. Credit Card Mobile App and Online Satisfaction Studies. This is the fifth year American Express ranks as the top credit card mobile app in the study, since 2018, and marks the third time American Express ranks as both the top credit card website and mobile app since the inaugural J.D. Power 2019 U.S. Online Credit Card Satisfaction Study. The J.D. Power 2025 U.S. Credit Card Mobile App and Online Satisfaction Studies measure the overall satisfaction thousands of customers have with the digital offerings of their primary credit card issuers. American Express customers who used the mobile app and website rate it highest in all four categories measured by the study, including navigation, visual appeal, speed, and information/content. 'For 175 years, American Express' commitment to customer satisfaction has been the cornerstone of our brand. We strive every day to exceed the expectations of our customers at every touchpoint and in everything we do. That's why we continuously innovate to create intuitive, personalized experiences within our mobile app and Card Member website,' said Howard Grosfield, Group President, U.S. Consumer Services. 'This recognition was made possible by the exceptional talent across our product, design, engineering and analytics teams. Their focus on delighting our customers ensures we deliver world-class digital products that enhance the membership experience.' American Express' ongoing focus on improving our customers' digital experiences ensures consistent elevation of the visual appeal, navigation and performance of our website and mobile app. Enhancements over the past year include: Seamless Activation: A simpler and more intuitive way for mobile app and website users to activate their Amex Cards. Improved Look and Feel: A refreshed design system and use of enhanced designs which optimizes the visual appeal of the website. Streamlined Navigation: Introduction of a Customer Overview experience on the website that allows users to quickly see all of their relationships with Amex, improving ease of navigation and access to critical account information. Personalization: Launch of content tailored to the customer such as notifications of unused benefits, recognition of membership anniversaries, and lounge push notifications. We have seen record digital engagement in the U.S. as we continue to enhance the American Express mobile app and website experience, with monthly active users of the mobile app and website rising 8% over the past year 1. Customer satisfaction among U.S. consumers extends beyond the mobile app and website with Amex recently ranking No. 1 in customer satisfaction in the J.D. Power 2025 U.S. Consumer Lending Satisfaction Study 2. The company also ranked #1 in the J.D. Power 2024 U.S. Small Business Credit Card Satisfaction Study. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in over 200 countries and territories, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and Location: U.S.
Business Wire
25 minutes ago
- Business
- Business Wire
Build-A-Bear Workshop to Participate in Upcoming Investor Conferences
ST. LOUIS--(BUSINESS WIRE)--Build-A-Bear Workshop, Inc. (NYSE: BBW) today announced the Company will host investor meetings at the following investor conferences: DADCO Consumer & Technology Conference – Tuesday, June 10, 2025, in Nashville, Tennessee Evercore Consumer & Retail Conference – Wednesday, June 11, 2025, in New York City Northland Virtual Growth Conference – Wednesday, June 25, 2025 About Build-A-Bear Since its beginning in 1997, Build-A-Bear has evolved to become a beloved multi-generational brand focused on its mission to 'add a little more heart to life,' where guests of all ages make their own 'furry friends' in celebration and commemoration of life moments. Guests create their own stuffed animals by participating in the stuffing, dressing, accessorizing, and naming of their own teddy bears and other plush toys based on the Company's own intellectual property and in conjunction with a variety of best-in-class licenses. The hands-on and interactive nature of our more than 600 company-owned, partner-operated, and franchise experience locations around the world, combined with Build-A-Bear's pop-culture appeal, often fosters a lasting and emotional brand connection with consumers and has enabled the Company to expand beyond its retail stores to include e-commerce sales on and non-plush branded consumer categories via out-bound licensing agreements with leading manufacturers, as well as the creation of engaging content via Build-A-Bear Entertainment (a subsidiary of Build-A-Bear Workshop, Inc.). The brand's newest communications campaign, "The Stuff You Love," commemorates more than a quarter-century of creating cherished memories worldwide. Build-A-Bear Workshop, Inc. (NYSE: BBW) posted consolidated total revenues of $496.4 million for fiscal 2024. For more information, visit the Investor Relations section of
Business Wire
30 minutes ago
- Business
- Business Wire
Shisha demand set to skyrocket in Germany as 83% of hospitality venues predict imminent growth
MUNICH--(BUSINESS WIRE)--The hospitality sector in Germany is experiencing a shisha boom, with venue owners across the country expecting demand to surge over the next two years, according to new research from AIR, the world's leading social inhalation business. The study, conducted with 400 hospitality businesses which offer shisha in Germany, Spain, the US and the UAE, aimed to explore future demand and trends in four of the world's largest and fastest-growing shisha markets. It reveals that 83% of businesses in Germany expect to see demand for shisha increase over the next two years, with strong backing seen across the country. With the rising demand for shisha, the research also reveals that businesses are exploring ways to meet evolving consumer expectations and gain a competitive advantage. Over three-quarters (77%) of venues in Germany say they are open to introducing charcoal-free alternatives, recognizing the value of offering a cleaner, safer and more efficient experience that aligns with the growing focus on health-conscious options. Furthermore, many German venue owners believe such innovation in their shisha offering could significantly improve their operations, with 28% seeing a reduction in staff workload and 27% anticipating its appeal to health-conscious consumers, cleaning charcoal smoke out the ambient air and out of the consumer experience. Significantly, 25% expect it to boost revenue. A major challenge cited by German venue owners offering shisha has been complying with local regulations around air quality, emissions, and fire safety, with 84% agreeing that these issues have created hurdles when introducing the product in their premises. As a result, 25% of venue owners view charcoal-free technology as a solution that helps meet these regulatory requirements. Ronan Barry, Chief Legal & Corporate Affairs Officer at AIR said: 'These findings show that shisha continues to go from strength to strength. But to make the most of this opportunity, standing still will not cut it – we must continue to innovate as consumer preferences evolve. 'Venues that embrace cutting-edge shisha innovations are not only future-proofing their operations but also building loyalty by enhancing the overall customer experience. By improving operational efficiency and meeting evolving expectations, these businesses are positioning themselves for long-term success in an increasingly competitive market. 'The future of shisha is undeniably bright, and those who embrace innovation today will reap the rewards tomorrow. We work closely with hospitality businesses in Germany and around the world to provide innovative, clean and sustainable solutions that help venues stay ahead of the curve.' Holger Bösch, President of the Nightclub Association Germany and owner of Club Index in Schüttorf recently introduced OOKA Pro to his venue's offering. Commenting on the impact it's had, he said: ' We've always wanted to offer shisha at our venue, but charcoal emissions and local regulations made it too difficult. OOKA has been a complete game changer as it's allowed us to introduce a premium shisha experience without compromising on air quality or customer safety. Our guests love it, especially the clean, consistent flavour and the design. It's opened up a whole new revenue stream for us, and we've seen a noticeable increase in repeat visits.' AIR is committed to leading the way in shisha innovation and customer experience. Just under two years ago it launched OOKA, a revolutionary device that eliminates the need for charcoal, offering a cleaner, safer and more efficient shisha experience to consumers. Following extremely positive feedback and strong sales, AIR launched OOKA Pro, aimed specifically at hospitality venues. Designed to support up to eight sessions on a single charge - more than double its predecessor - it ensures uninterrupted service, especially in high-traffic venues. It features an LED design with customizable lighting, allowing venues to tailor it to their specific ambiance and enhance the overall customer experience. OOKA Pro is a step forward in shaping the future of shisha, helping venues offer the cleaner, more efficient service they and their customers' demand. Note to editors: About the research 400 business owners (aged 18+) at hospitality venues offering shisha were surveyed by Censuswide between 19.02.2025 and 24.02.2025 – with 100 respondents in each market: the UAE, Spain, Germany, and the US. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct and ESOMAR principles. Censuswide is also a member of the British Polling Council. About AIR AIR is the market leader in the $19 billion global shisha market, with an aim to provide superior physical, emotional, and mental benefits through inhalation. Launched in 1999 and headquartered in Dubai, the business has a multinational presence in over 100 countries across the UAE, Europe, North America, India, and Africa. AIR holds 47% of the shisha category market share in the markets it is present in and is the leading business in a market set to grow to $22 billion in 2026. Its portfolio of companies includes Al Fakher, the world's leading shisha brand; the world's number one e-commerce platform for hookahs and shisha; OOKA, the world's first charcoal-free shisha device, among others. AIR's science program, conducted in partnership with independent accredited laboratories, enables the development of innovative products that combine centuries of tradition with cutting edge innovation to minimize harm and maximize enjoyment for millions around the world.
Business Wire
30 minutes ago
- Business
- Business Wire
IAM Maturity Lagging Across Most Organizations, GuidePoint Security Finds
HERNDON, Va.--(BUSINESS WIRE)--A new report released today by GuidePoint Security, in partnership with the Ponemon Institute, found that most organizations are falling short in their Identity and Access Management (IAM) strategy—leaving them vulnerable to identity-based threats. These findings should serve as a call to action—identity is a primary attack vector and needs to be prioritized. Although 75% of cyberattacks leveraged identity-based threats last year, GuidePoint Security's State of Identity and Access Management (IAM) Maturity Report has unveiled that IAM remains under-prioritized compared to other IT security investments, with most organizations still in the early to mid-stages of IAM maturity. Only half of respondents rate their IAM tools as effective, and even fewer (44%) express high confidence in their ability to prevent identity-based incidents. 'These findings should serve as a call to action—identity is a primary attack vector and needs to be prioritized,' said Kevin Converse, Vice President, Identity and Access Management at GuidePoint Security. 'Many organizations still rely on manual processes and outdated approaches, limiting their ability to manage risk. Achieving IAM maturity means understanding that IAM is more than just an IT function—it's a cornerstone of a robust and proactive security strategy.' The report also highlights significant gaps in IAM technology, expertise and resources—factors that are stalling programmatic maturity and making it more difficult for organizations to secure identities across today's complex environments. Key findings from The State of Identity and Access Management (IAM) Maturity Report include: IAM is underfunded and underdeveloped. Only 50% of respondents believe their IAM tools and investments are effective. Investments in IAM trail behind other security priorities. Manual processes and expertise gaps are barriers to maturity. A lack of appropriate technologies (54%), in-house expertise (52%) and resources (45%) are cited as top challenges to achieving IAM maturity. Many organizations still rely on spreadsheets, scripts and other manual efforts. IAM maturity is a path to enhanced security. A small group (23%) of organizations that have invested in automation and advanced IAM technologies report fewer security incidents and stronger identity controls. They lead in adopting biometric authentication, identity threat detection and integrated governance platforms. IAM implementation is misaligned with security goals. Surprisingly, 45% of respondents say the primary driver for IAM investments is to improve user experience—not security. There is a disconnect in program perception and reality. While most organizations report having policies in place or in development (83%), only 28% have these policies integrated into their IAM platforms. 'IAM touches every application, user and device across the network,' Converse added. 'By treating it as a strategic priority—and investing accordingly—organizations can confidently embrace emerging technologies like AI, minimize risk and accelerate business growth.' The State of Identity and Access Management Maturity Report is based on responses from a comprehensive survey of 625 U.S.-based IT and IT security professionals involved in their organizations' identity and access management program. For more information: About GuidePoint Security GuidePoint Security provides trusted cybersecurity expertise, solutions, and services that help organizations make better decisions that minimize risk. Our experts act as your trusted advisor to understand your business and challenges, helping you through an evaluation of your cybersecurity posture and ecosystem to expose risks, optimize resources and implement best-fit solutions. GuidePoint's unmatched expertise has enabled 40% of Fortune 500 companies and more than half of the U.S. government cabinet-level agencies to improve their security posture and reduce risk. Learn more at
