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AEP ANNOUNCES PRICING OF COMMON STOCK OFFERING WITH A FORWARD COMPONENT

PR Newswire

COLUMBUS, Ohio, May 12, 2026 /PRNewswire/ — American Electric Power (Nasdaq: AEP) today announced the pricing of a registered underwritten offering of 20,472,442 shares of its common stock at a price to the public of $127.00 per share. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as lead book-running managers for this offering. Barclays, Citigroup, J.P. Morgan, Mizuho, MUFG, Scotiabank and Wells Fargo Securities are also acting as joint book-running managers and Guggenheim Securities, KeyBanc Capital Markets, RBC Capital Markets, TD Securities and Truist Securities are acting as co-managers for this offering.

In connection with the offering, AEP entered into forward sale agreements with each of Bank of America, N.A, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC (the “forward counterparties”) under which AEP agreed to issue and sell to the forward counterparties an aggregate of 20,472,442 shares of its common stock. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 3,070,866 shares of AEP’s common stock upon the same terms. If the underwriters exercise their option to purchase additional shares, AEP expects to enter into additional forward sale agreements with the forward counterparties with respect to the additional shares.

Settlement of the forward sale agreements is expected to occur on or prior to May 31, 2028. AEP may, subject to certain conditions, elect cash settlement or net share settlement for all or a portion of its rights or obligations under the forward sale agreements.

If AEP elects physical settlement of the forward sale agreements, it expects to use the net proceeds for general corporate purposes, which may include capital contributions to its utility subsidiaries, acquisitions and/or repayment of debt.

The offering is made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offer may be made only by means of a prospectus and the related prospectus supplement. Copies of these documents may be obtained by contacting:

  • BofA Securities by email at [email protected], or by mail at NC1-022-02-25, 201 North Tryon Street, Charlotte, NC  28255-0001, Attention: Prospectus Department;
  • Goldman Sachs & Co. LLC by telephone at (866) 471-2526, by email at [email protected], or by mail at Attention: Prospectus Department, 200 West Street, New York, New York 10282; or
  • Morgan Stanley & Co. LLC by mail at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014

ABOUT AEP
American Electric Power (Nasdaq: AEP) is committed to improving our customers’ lives with reliable, affordable power. We plan to invest $78 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation’s largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.

This report made by the Registrants contains forward-looking statements, and for the Registrants other than Parent, this report contains forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements in this document are presented as of the date of this document. Except to the extent required by applicable law, management undertakes no obligation to update or revise any forward-looking statement. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: changes in economic conditions, electric market demand and demographic patterns in AEP’s service territory; the economic impact of increased global conflicts and trade tensions, and the adoption or expansion of economic sanctions, tariffs, trade restrictions or changes in trade policy; inflationary or deflationary interest rate trends; new legislation or regulations adopted in the states in which we operate or federal legislation or regulations adopted that alters the regulatory framework or that prevents the timely recovery of costs and investments; volatility and disruptions in financial markets precipitated by any cause, including fiscal and monetary policy or instability in the banking industry; particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt; the availability and cost of funds to finance working capital and capital needs, particularly (a) if expected sources of capital such as proceeds from the sale of tax credits and anticipated securitizations do not materialize or do not materialize at the level anticipated, and (b) during periods when the time lag between incurring costs and recovery is long and the costs are material; changing demand for electricity, including large load contractual commitments; the risks and uncertainties associated with wildfires, including damages caused by wildfires, the extent of each Registrant’s liability in connection with wildfires, investigations and outcomes associated with legal proceedings, demands or similar actions, inability to recover wildfire costs through insurance or through rates and the impact on financial condition and the reputation of each Registrant; the impact of extreme weather conditions, natural disasters and catastrophic events such as storms, hurricanes, wildfires and drought conditions that pose significant risks including potential litigation and the inability to recover significant damages and restoration costs incurred; limitations or restrictions on the amounts and types of insurance available to cover losses that might arise in connection with natural disasters, wildfires or operations; the cost of fuel and its transportation, the creditworthiness and performance of parties who supply and transport fuel and the cost of storing and disposing of used fuel, including coal ash and SNF; the availability of fuel and necessary generation capacity and the performance of generation plants; the ability to recover fuel and other energy costs through regulated or competitive electric rates; the ability to plan for, develop, construct, acquire, or integrate a broad range of generation and energy storage resources, as well as related transmission and distribution infrastructure, including obtaining necessary regulatory approvals, permits, and incentives; complying with cost caps and other regulatory or contractual requirements; and recovering associated costs and earning an appropriate return while meeting reliability, affordability, environmental, and customer–service obligations; the disruption of AEP’s business operations due to impacts of economic or market conditions, costs of compliance with potential government regulations, electricity usage, supply chain issues, customers, service providers, vendors and suppliers caused by natural disasters or other events; construction and development risks associated with the completion of the 2026-2030 capital investment plan, including shortages or delays in labor, materials, equipment or parts; prolonged or recurring U.S. federal government shutdowns could adversely affect AEP’s operations, regulatory approvals, financial performance and could cause volatility in the capital markets which may interrupt our access to capital; new legislation, litigation or government regulation, including changes to tax laws and regulations, oversight of nuclear generation, evolving environmental standards, energy commodity trading and new or modified requirements related to emissions of sulfur, nitrogen, mercury, carbon, soot or PM and other substances that could impact the continued operation, cost recovery and/or profitability of generation plants and related assets; the impact of tax legislation or associated Department of Treasury guidance, including potential changes to existing tax incentives, on capital plans, results of operations, financial condition, cash flows or credit ratings; the risks before, during and after generation of electricity associated with the fuels used or the by-products and wastes of such fuels, including coal ash and SNF; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance; resolution of litigation or regulatory proceedings or investigations; the ability to efficiently manage and recover operation, maintenance and development project costs; prices and demand for power generated and sold in wholesale markets; changes in technology, including new, developing, alternative or distributed sources of generation and energy storage; the ability to recover through rates any remaining unrecovered investment in generation units that may be retired before the end of their previously projected useful lives; volatility and changes in markets for coal and other energy-related commodities, particularly changes in the price of natural gas; the impact of changing expectations and demands of customers, regulators, investors and stakeholders, including development, adoption, and use of AI by us, our customers and our third party vendors and evolving expectations related to sustainability; customer affordability considerations may impact regulatory recovery outcomes and future rate design; changes in utility regulation, policies, methodologies for evaluating and approving load interconnection, and the allocation of costs within RTOs including ERCOT, PJM and SPP and the impacts of potential market changes within those RTOs; changes in the creditworthiness of the counterparties with contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in ratings impacting the cost of debt; geopolitical developments continue to create uncertainty in global energy markets and have contributed to increased volatility in fuel supply and pricing.  Shifts in global market conditions and broader supply-chain pressures may influence natural gas prices, power-generation economics and customer demand patterns; the impact of volatility in the capital markets on the value of the investments held by the pension, OPEB and nuclear decommissioning trust funds and a captive insurance entity and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; the ability to successfully defend against cybersecurity threats; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; the ability to attract and retain the requisite work force and key personnel, including senior management.  

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SOURCE American Electric Power

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Ascentage Pharma to Present 17 Clinical Advances at 2026 European Hematology Association Congress

ROCKVILLE, Md. and SUZHOU, China, May 12, 2026 (GLOBE NEWSWIRE) — Ascentage Pharma Group International (NASDAQ: AAPG; HKEX: 6855), a global, integrated biopharmaceutical company engaged in the discovery, development and commercialization of innovative therapies for cancers and other diseases, announced today that 17 clinical advances of its core assets will be featured at the 31st Congress of the European Hematology Association (EHA2026), including 8 poster presentations. The abstracts feature data from ongoing clinical studies encompassing Olverembatinib (HQP1351), China’s first approved third-generation BCR-ABL inhibitor, and Lisaftoclax (APG-2575), the first approved China-developed Bcl-2 selective inhibitor. The EHA2026 Congress will convene in Stockholm, Sweden, from June 11 to 14, 2026.

As one of the most authoritative and influential international academic meetings in hematology, the EHA Congress aggregates hematology professionals from around the world to share the latest research advances and breakthrough clinical data.

Key abstracts of accepted poster presentations include:

UPDATED EFFICACY AND SAFETY OF OLVEREMBATINIB (HQP1351) AS SECOND-LINE THERAPY IN PATIENTS WITH CHRONIC-PHASE CHRONIC MYELOID LEUKEMIA (CP-CML)

  • Abstract #: PS1733
  • Presentation Time: Saturday, June 13, 18:45 – 19:45 CEST
  • First Author: Weiming Li, MD, Department of Hematology, Union Hospital, Tongji Medical College, Huazhong University of Science and Technology

EFFICACY OF OLVEREMBATINIB IN PATIENTS WITH CHRONIC-PHASE CHRONIC MYELOID LEUKEMIA (CP-CML) WITH PRIOR RESISTANCE TO PONATINIB OR ASCIMINIB AND ASXL1 MUTATIONS

  • Abstract #: PS1727
  • Presentation Time: Saturday, June 13, 18:45 – 19:45 CEST
  • First Author: Elias Jabbour, MD, Department of Leukemia, The University of Texas MD Anderson Cancer Center

UPDATED RESULTS OF POLARIS-1 (PART 1), A GLOBAL REGISTRATIONAL PHASE 3 STUDY: OLVEREMBATINIB COMBINED WITH LOW-INTENSITY CHEMOTHERAPY IN NEWLY DIAGNOSED PH+ ALL

  • Abstract #: PS1479
  • Presentation Time: Saturday, June 13, 2026, 18:45–19:45 CEST
  • First Author: Suning Chen, The First Affiliated Hospital of Soochow University

CORRELATION OF BASELINE CHARACTERISTICS WITH PROGNOSIS IN PATIENTS WITH CHRONIC LYMPHOCYTIC LEUKEMIA/SMALL LYMPHOCYTIC LYMPHOMA (CLL/SLL) TREATED WITH LISAFTOCLAX (APG-2575) IN A PIVOTAL PHASE 2 STUDY

  • Abstract #: PS1713
  • Presentation Time: Saturday, June 13, 18:45 – 19:45 CEST
  • First Author: Keshu Zhou, Henan Cancer Hospital

SAFETY AND PRELIMINARY EFFICACY OF OLVEREMBATINIB (HQP1351) COMBINED WITH LISAFTOCLAX (APG-2575) IN PEDIATRIC PATIENTS WITH RELAPSED/REFRACTORY (R/R PH+ ALL): RESULTS OF A PHASE 1B STUDY

  • Abstract #: PS1473
  • Presentation Time: Saturday, June 13, 18:45 – 19:45 CEST
  • First Author: Jingliao Zhang, Institute of Hematology and Blood Diseases Hospital, Chinese Academy of Medical Sciences and Peking Union Medical College

All abstracts (including Posters Presentation and Publication Only) are available on the EHA website.

* Olverembatinib and Lisaftoclax are currently under investigation and have not yet been approved by the FDA in the US.

About Ascentage Pharma

Ascentage Pharma Group International (NASDAQ: AAPG; HKEX: 6855) (“Ascentage Pharma” or the “Company”) is a global, commercial stage, integrated biopharmaceutical company engaged in the discovery, development and commercialization of novel, differentiated therapies to address unmet medical needs in cancer. The Company has built a rich pipeline of innovative drug products and candidates that include inhibitors targeting key proteins in the apoptotic pathway, such as Bcl-2 and MDM2-p53, next-generation kinase inhibitors, and protein degraders.

The Company’s first approved product, Olverembatinib, is the first novel third-generation BCR-ABL1 inhibitor approved in China for the treatment of patients with CML in chronic phase (CML-CP) with T315I mutations, CML in accelerated phase (CML-AP) with T315I mutations, and CML-CP that is resistant or intolerant to first and second-generation TKIs. It is covered by the China National Reimbursement Drug List (NRDL). Ascentage Pharma is currently conducting an FDA-cleared registrational Phase III trial, called POLARIS-2, of Olverembatinib for CML, as well as registrational Phase III trials for patients with newly diagnosed Ph+ ALL, called POLARIS-1, and SDH-deficient GIST patients, called POLARIS-3.

The Company’s second approved product, Lisaftoclax, is a novel Bcl-2 inhibitor for the treatment of various hematologic malignancies. Lisaftoclax has been approved by China’s National Medical Products Administration (NMPA) for the treatment of adult patients with chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) who have previously received at least one systemic therapy including Bruton’s tyrosine kinase (BTK) inhibitors. The Company is currently conducting four global registrational Phase III trials: the FDA-cleared GLORA study of Lisaftoclax in combination with BTK inhibitors in patients with CLL/SLL previously treated with BTK inhibitors for more than 12 months with suboptimal response; the GLORA-2 study in patients with newly diagnosed CLL/SLL; the GLORA-3 study in newly diagnosed, elderly and unfit patients with AML; and the FDA-cleared GLORA-4 study in patients with newly diagnosed higher risk MDS.

Leveraging its robust R&D capabilities, Ascentage Pharma has built a portfolio of global intellectual property rights and entered into global partnerships and other relationships with numerous leading biotechnology and pharmaceutical companies, such as Takeda, AstraZeneca, Merck, Pfizer, and Innovent, in addition to research and development relationships with leading research institutions, such as Dana-Farber Cancer Institute, Mayo Clinic, National Cancer Institute and the University of Michigan. For more information, visit https://ascentage.com/

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, contained in this press release may be forward-looking statements, including statements that express Ascentage Pharma’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results of operations or financial condition. These forward-looking statements are subject to a number of risks and uncertainties as discussed in Ascentage Pharma’s filings with the SEC, including those set forth in the sections titled “Risk factors” and “Cautionary note regarding forward-looking statements” in its Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on April 16, 2025, the sections headed “Forward-looking Statements” and “Risks Factors” in the prospectus of the Company for its Hong Kong initial public offering dated October 16, 2019, and other filings with the SEC and/or The Stock Exchange of Hong Kong Limited where the Company’s ordinary shares are listed it has made or it makes from time to time that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. The forward-looking statements contained in this presentation do not constitute profit forecast by the Company’s management.

As a result of these factors, you should not rely on these forward-looking statements as predictions of future events. The forward-looking statements contained in this press release are based on Ascentage Pharma’s current expectations and beliefs concerning future developments and their potential effects and speak only as of the date of such statements. Ascentage Pharma does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

Investor Relations:

Stella Yang
Ascentage Pharma
[email protected] 
+1 (301) 792-6286

Stephanie Carrington
ICR Healthcare
[email protected]
+1 (646) 277-1282

Media Relations:

Sean Leous
ICR Healthcare
[email protected]
+1 (646) 866-4012



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Pan American Silver to Host Investor Day on June 1, 2026

Pan American Silver to Host Investor Day on June 1, 2026

VANCOUVER, British Columbia–(BUSINESS WIRE)–Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) (“Pan American“) will host an Investor Day on Monday, June 1, 2026 in Toronto, Ontario from 1:00 to 4:00 pm ET during which Pan American’s executive management team will provide detailed presentations on Pan American’s strategy, operations, growth projects and exploration activities. The event will include a question-and-answer session with management.

Webcast details:

Date: Monday, June 1, 2026

Time: 1:00 pm ET

Registration link: https://reg.lumiengage.com/pan-american-silver-ir-day/reg-en/Site/Register

The presentation slides and a recording of the webcast will be available at https://panamericansilver.com/invest/events-and-presentations/.

About Pan American Silver

Pan American is a leading producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. We also own a 44% joint venture interest in the producing Juanicipio mine in Mexico, a 100% interest in the Escobal mine in Guatemala that is currently not operating, and we hold interests in exploration and development projects. We have been operating in the Americas for over three decades, earning an industry-leading reputation for sustainability performance, operational excellence and prudent financial management. We are headquartered in Vancouver, B.C. and our shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “PAAS”.

Learn more at panamericansilver.com

Follow us on LinkedIn

For more information:

Siren Fisekci

VP, Investor Relations & Corporate Communications

Ph: 604-806-3191

Email: [email protected]

KEYWORDS: Africa Australia/Oceania United States Canada North America Australia

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

MEDIA:

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Breeze Acquisition Corp. II Announces Pricing of $125,000,000 Initial Public Offering

Irving, TX, May 12, 2026 (GLOBE NEWSWIRE) —  Breeze Acquisition Corp. II (the “Company”) announced today that it priced its initial public offering of 12,500,000 units at a price to the public of $10.00 per unit. The units are expected to commence trading on May 13, 2026 on the Nasdaq Global Market under the symbol “BREZU.”

Each unit consists of one ordinary share and one right. Each right entitles the holder to receive one-fifth (1/5) of one ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be traded on the Nasdaq Global Market under the symbols “BREZ” and “BREZR,” respectively.

IB Capital LLC and I-Bankers Securities, Inc. are acting as book-running managers of the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,875,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on or about May 14, 2026, subject to customary closing conditions.

The offering is being made only by means of a prospectus. When available, copies of the prospectus related to this offering may be obtained from IB Capital LLC at 51 Kings Court St; PH, San Juan, PR 00911.

A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (“SEC”) on May 12, 2026. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Breeze Acquisition Corp. II

Breeze Acquisition Corp. II is a blank check company incorporated in the Cayman Islands for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses or entities. The Company intends to focus its initial search on target businesses with global operations and differentiated technology or capabilities, particularly in healthcare, biotechnology, advanced manufacturing, robotics, artificial intelligence, and related sectors. The net proceeds of the offering will be used to fund such business combination.

Forward-Looking Statements 

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including with respect to the closing of the initial public offering and the anticipated use of the net proceeds thereof, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company’s initial public offering filed with the SEC, copies of which are available on the SEC’s website, at www.sec.gov. No assurance can be given the offering discussed above will be completed on the terms described, or at all, or the net proceeds of the offering will be used as indicated. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Contact:

J. Douglas Ramsey

Breeze Acquisition Corp. II
955 W. John Carpenter Fwy
Suite 100-929
Irving, TX 75039
(888) 273-9001



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Ring Energy Announces Pricing of Public Offering of Common Stock

THE WOODLANDS, Texas, May 12, 2026 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) announced today the pricing of its previously announced underwritten public offering of 44,444,445 shares of its common stock at a price to the public of $1.35 per share (the “Offering”). The gross proceeds from the Offering, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Ring, are expected to be approximately $60 million, excluding any exercise of the underwriters’ option to purchase additional shares. The Company has granted the underwriters a 30-day option to purchase up to an additional 6,666,666 shares of its common stock upon the same terms. The Offering is expected to close on or about May 14, 2026, subject to customary closing conditions.

The Company intends to use the net proceeds from the Offering for the repayment of outstanding borrowings under its senior secured revolving credit facility. The Company intends to use any remaining proceeds for general corporate purposes.

Mizuho, BofA Securities and Raymond James are acting as joint book-running managers and representatives for the offering. A.G.P./Alliance Global Partners, Roth Capital Partners, and Tuohy Brothers are acting as co-managers for the offering.

The Offering is being made pursuant to an effective shelf registration statement, including a prospectus, filed by Ring with the Securities and Exchange Commission (“SEC”) on Form S-3. The Offering may only be made by means of a preliminary prospectus supplement and accompanying prospectus. The preliminary prospectus supplement and accompanying prospectus relating to the Offering has been filed, and the final prospectus supplement and accompanying base prospectus relating to the Offering will be filed, with the SEC. You may access these documents for free by visiting EDGAR on the SEC website at www.sec.gov or by contacting Mizuho Securities USA LLC, Attention: Equity Capital Markets Desk, at 1271 Avenue of the Americas, New York, NY 10020, or by email at [email protected], or BofA Securities, Inc., Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, email: [email protected], or Raymond James & Associates, Inc., at 880 Carillon Parkway, St. Petersburg, Florida 33716, Attention: Equity Syndicate, by calling toll-free at 1-800-248-8863, or emailing at [email protected].

This press release does not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Ring Energy, Inc.

Ring Energy, Inc. is a growth oriented independent oil and natural gas exploration and production company based in The Woodlands, Texas, engaged in oil and natural gas development, production, acquisition, and exploration activities currently focused in the Permian Basin of Texas. Its drilling operations target the oil and liquids rich producing formations in the Northwest Shelf and the Central Basin Platform, in the Permian Basin in Texas.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the consummation of the Offering and the expected use of proceeds therefrom. The words “may,” “will,” “could,” “would,” “should,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “plan,” “pursue,” “target,” “continue,” “potential,” “guidance,” “project,” “strategy,” “objectives,” “opportunity” or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s business strategy, prospects, expected future reserves, production, financial position, revenues, earnings, costs, capital expenditures and debt levels of the Company, and plans and objectives of management for future operations. Forward-looking statements are based on current expectations and assumptions and analyses made by Ring and its management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties. The forward-looking statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the year ended December 31, 2025, and its other SEC filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

Contact Information

Sonu Johl
EVP, Chief Financial Officer and Treasurer
Email: [email protected]



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Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended March 31, 2026

Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended March 31, 2026

NEW YORK–(BUSINESS WIRE)–
Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) (“ICMB” or the “Company”) announced its financial results today for its fiscal quarter ended March 31, 2026.

HIGHLIGHTS

  • ICMB fully realized its investments in three portfolio companies during the quarter, totaling $12.7 million in proceeds. The internal rate of return on these investments was 10.67%.
  • During the quarter, ICMB made an investment in one existing portfolio company. The investment was $0.1 million, at cost.
  • During the quarter, the Company had net repayments of $0.7 million on delayed draw and revolving credit commitments to portfolio companies.
  • The weighted average yield on debt investments, at fair market value, as of March 31, 2026, was 11.95%, compared to 10.56% for the quarter ended December 31, 2025.
  • Net asset value decreased $0.60 per share to $3.65, compared to $4.25 as of December 31, 2025. Net assets decreased by $8.6 million, or 14.07%, during the quarter ended March 31, 2026 compared to December 31, 2025.
  • On March 30, 2026, ICMB refinanced its existing 4.875% Notes with new unsecured notes provided by an affiliate of its investment adviser with a floating rate of interest of SOFR plus 5.5% and a maturity of July 1, 2029.During the quarter, the Company also repaid $14.0 million of the Capital One, N.A. (“Capital One”) revolving credit facility at the special purpose vehicle (“SPV”) of the Company using restricted cash not available for repayment of the new 2029 Notes.
  • As noted in our 10-Q, we have reduced the Capital One revolving credit facility commitment from $100 million to $50 million, which will save the Company approximately $401 thousand in undrawn commitment fees annually.
  • ICMB’s investment adviser has waived $456 thousand of management fees for the quarter to further support liquidity of the business.

Portfolio results, as of and for the three months ended March 31, 2026:

Total assets

$164.6 million

Investment portfolio, at fair value

$151.4 million

Net assets

$52.7 million

Weighted average yield on debt investments, at fair market value (1)

11.95%

Net asset value per share

$3.65

Portfolio activity in the current quarter:

 

Number of investments in new portfolio companies during the period

0

Number of portfolio companies invested in, end of period

34

Total capital invested in existing portfolio companies (2)

$1.2 million

Total proceeds from repayments, sales, and amortization (3)

$14.0 million

Net investment income before taxes (NII)

$0.3 million

Net investment income before taxes per share

$0.02

Net decrease in net assets from operations

($8.6) million

Net decrease in net assets from operations per share

($0.60)

Distributions paid per common share

$0.00
 

(1) Represents average yield on total debt investments weighted by fair market value as of March 31, 2026. The weighted average yield on total debt investments reflected above does not represent actual investment returns to the Company’s stockholders.

(2) Includes gross advances for delayed draw and revolving credit commitments and PIK interest to existing portfolio companies.

(3) Includes gross repayments on existing delayed draw and revolving credit commitments to portfolio companies.

Mr. Suhail A. Shaikh, chief executive officer of ICMB, said “We remain focused on capital preservation and disciplined liquidity management as our near-term priorities. New investment activity remained muted during the quarter, reflecting our selective approach to capital deployment. We continue to work closely with our portfolio company management teams and remain committed to maximizing value for our shareholders as we evaluate the path forward.”

Mr. Andrew Muns, chief financial officer of ICMB, noted: “We continue to take a proactive approach to managing the Company’s liquidity with initiatives such as the reduction in unneeded capital commitment from our credit facility and the waiver of additional management fees this quarter.”

Portfolio and Investment Activities

During the quarter, the Company made a $0.1 million investment in one existing portfolio company.

The Company received proceeds of $14.0 million from repayments, sales and amortization during the quarter, primarily related to the realization of INW Manufacturing term loan, PVI Holdings term loan, and Asurion term loan.

During the quarter, the Company had net draws of $0.7 million on delayed draw and revolving credit commitments to portfolio companies.

The Company’s net realized and unrealized gains and losses accounted for a decrease in the Company’s net assets of approximately $8.8 million, or $0.61 per share. The total net decrease in net assets resulting from operations for the quarter was $8.6 million, or $0.60 per share.

As of March 31, 2026, the Company’s investment portfolio consisted of investments in 34 portfolio companies, of which 82.54% were first lien investments and 17.46% were equity, warrants, and other investments. The Company’s debt portfolio consisted of 97.75% floating rate investments and 2.25% fixed rate investments.

Capital Resources

As of March 31, 2026, the Company had $11.6 million in cash, of which $8.8 million was restricted cash, and $55.1 million of unused commitment under its revolving credit facility with Capital One, N.A (the “Capital One Revolving Facility”).

As of March 31, 2026, the Company had availability to borrow $3.6 million from the revolving credit facility based on the borrowing base.

Subsequent Events

Subsequent to March 31, 2026 and through May 12, 2026, the Company invested a total of $2.0 million, at cost, which included investments in one existing portfolio company. As of May 12, 2026, the Company had investments in 34 portfolio companies.

On May 6, 2026, the Company, through Investcorp Credit Management BDC SPV, LLC, entered into a sixth amendment (the “Sixth Amendment”) to the Capital One Revolving Facility. The Sixth Amendment provides for, among other things, a decrease of the facility size from $100 million to $50 million.

Earnings Conference Call

The Company will host an earnings conference call at 11:30 am (Eastern Time) on Wednesday, May 13, 2026 to review its financial results and conduct a question-and-answer session. All interested parties may participate in the conference call by dialing (800) 550-9893 5-10 minutes prior to the call; international callers should dial (858) 609-8959. Participants should enter 872058# as the passcode, then press 2 when prompted. For those who are not able to listen to the call, a replay will be available shortly after the call by visiting our website at http://icmbdc.com/earnings-calls/.

Investcorp Credit Management BDC, Inc. and Subsidiaries

Consolidated Statements of Assets and Liabilities
 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

(Unaudited)

 

 

 

 

Assets

 

 

 

 

 

 

Non-controlled, non-affiliated investments, at fair value (amortized cost of

$164,423,388 and $177,110,265, respectively)

 

$

140,007,640

 

 

$

159,985,717

 

Affiliated investments, at fair value (amortized cost of $13,620,895 and

$13,340,494, respectively)

 

 

11,411,667

 

 

 

12,673,145

 

Total investments, at fair value (amortized cost of $178,044,283 and

$190,450,759, respectively)

 

 

151,419,307

 

 

 

172,658,862

 

Cash and cash equivalents

 

 

2,739,918

 

 

 

4,582,403

 

Restricted cash and cash equivalents

 

 

8,831,004

 

 

 

10,416,042

 

Principal receivable

 

 

83,087

 

 

 

55,377

 

Interest receivable

 

 

937,415

 

 

 

808,703

 

Payment-in-kind interest receivable

 

 

150,606

 

 

 

190,790

 

Prepaid expenses and other assets

 

 

397,282

 

 

 

124,928

 

Total Assets

 

$

164,558,619

 

 

$

188,837,105

 

Liabilities

 

 

 

 

 

 

Debt:

 

 

 

 

 

 

Revolving credit facility

 

$

44,900,000

 

 

$

58,900,000

 

2029 Notes payable

 

 

65,000,000

 

 

 

—

 

2026 Notes payable

 

 

—

 

 

 

65,000,000

 

Deferred debt issuance costs

 

 

(848,479

)

 

 

(754,121

)

Unamortized discount

 

 

(940,301

)

 

 

(17,778

)

Debt, net

 

 

108,111,220

 

 

 

123,128,101

 

Interest payable

 

 

897,826

 

 

 

1,887,457

 

Base management fees payable

 

 

1,146,794

 

 

 

786,986

 

Income-based incentive fees payable

 

 

351,571

 

 

 

351,571

 

Deferred income liability

 

 

364,353

 

 

 

440,084

 

Directors’ fees payable

 

 

79,952

 

 

 

—

 

Accrued expenses and other liabilities

 

 

909,553

 

 

 

916,894

 

Total Liabilities

 

 

111,861,269

 

 

 

127,511,093

 

Commitments and Contingencies (see Note 6)

 

 

 

 

 

 

Net Assets

 

 

 

 

 

 

Common stock, par value $0.001 per share (100,000,000 shares authorized and 14,432,472 and 14,432,472 shares issued and outstanding, respectively)

 

 

14,432

 

 

 

14,432

 

Additional paid-in capital

 

 

203,128,982

 

 

 

203,128,982

 

Distributable earnings (loss)

 

 

(150,446,064

)

 

 

(141,817,402

)

Total Net Assets

 

 

52,697,350

 

 

 

61,326,012

 

Total Liabilities and Net Assets

 

$

164,558,619

 

 

$

188,837,105

 

Net Asset Value Per Share

 

$

3.65

 

 

$

4.25

 

Investcorp Credit Management BDC, Inc. and Subsidiaries

Consolidated Statements of Operations (unaudited)
 

 

 

For The Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Investment Income:

 

 

 

 

 

 

Interest income

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

$

3,037,427

 

 

$

3,488,202

 

Non-controlled, affiliated investments

 

 

13,129

 

 

 

14,978

 

Total interest income

 

 

3,050,556

 

 

 

3,503,180

 

Payment in-kind interest income

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

 

179,435

 

 

 

419,888

 

Non-controlled, affiliated investments

 

 

185,954

 

 

 

21,380

 

Total payment-in-kind interest income

 

 

365,389

 

 

 

441,268

 

Dividend income

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

 

61,659

 

 

 

81,607

 

Non-controlled, affiliated investments

 

 

—

 

 

 

—

 

Total dividend income

 

 

61,659

 

 

 

81,607

 

Payment in-kind dividend income

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

 

—

 

 

 

221,685

 

Non-controlled, affiliated investments

 

 

—

 

 

 

—

 

Total payment-in-kind dividend income

 

 

—

 

 

 

221,685

 

Other fee income

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

 

73,372

 

 

 

121,024

 

Non-controlled, affiliated investments

 

 

—

 

 

 

—

 

Total other fee income

 

 

73,372

 

 

 

121,024

 

Other income

 

 

575

 

 

 

—

 

Total investment income

 

 

3,551,551

 

 

 

4,368,764

 

Expenses:

 

 

 

 

 

 

Interest expense

 

 

1,690,014

 

 

 

1,831,967

 

Base management fees

 

 

815,591

 

 

 

848,036

 

Income-based incentive fees

 

 

—

 

 

 

—

 

Professional fees

 

 

385,447

 

 

 

341,283

 

Allocation of administrative costs from Adviser

 

 

253,433

 

 

 

254,023

 

Amortization of deferred debt issuance costs

 

 

153,824

 

 

 

153,824

 

Amortization of original issue discount – 2026 Notes

 

 

17,777

 

 

 

17,777

 

Insurance expense

 

 

104,681

 

 

 

120,502

 

Directors’ fees

 

 

79,952

 

 

 

76,500

 

Custodian and administrator fees

 

 

73,356

 

 

 

74,237

 

Other expenses

 

 

106,884

 

 

 

40,173

 

Total expenses

 

 

3,680,959

 

 

 

3,758,322

 

Waiver of base management fees

 

 

(455,783

)

 

 

(74,143

)

Waiver of income-based incentive fees

 

 

—

 

 

 

—

 

Net expenses

 

 

3,225,176

 

 

 

3,684,179

 

Net investment income before taxes

 

 

326,375

 

 

 

684,585

 

Income tax expense, including excise tax expense

 

 

141,293

 

 

 

81,059

 

Net investment income after taxes

 

 

185,082

 

 

 

603,526

 

Net realized and unrealized gain/(loss) on investments:

 

 

 

 

 

 

Net realized gain (loss) from investments

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

 

19,335

 

 

 

(1,627,282

)

Non-controlled, affiliated investments

 

 

—

 

 

 

—

 

Net realized gain (loss) from investments

 

 

19,335

 

 

 

(1,627,282

)

Net change in unrealized appreciation (depreciation) in value of investments

 

 

 

 

 

 

Non-controlled, non-affiliated investments

 

 

(7,291,200

)

 

 

3,379,849

 

Non-controlled, affiliated investments

 

 

(1,541,879

)

 

 

(149,801

)

Net change in unrealized appreciation (depreciation) on investments

 

 

(8,833,079

)

 

 

3,230,048

 

Total realized gain (loss) and change in unrealized appreciation (depreciation) on investments

 

 

(8,813,744

)

 

 

1,602,766

 

Net increase (decrease) in net assets resulting from operations

 

$

(8,628,662

)

 

$

2,206,292

 

Basic and diluted:

 

 

 

 

 

 

Earnings per share

 

$

(0.60

)

 

$

0.15

 

Weighted average shares of common stock outstanding

 

 

14,432,472

 

 

 

14,412,994

 

Distributions paid per common share

 

$

—

 

 

$

0.12

 

About Investcorp Credit Management BDC, Inc.

The Company is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50 million and earnings before interest, taxes, depreciation, and amortization of at least $15 million. The Company’s investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about Investcorp Credit Management BDC, Inc., please visit www.icmbdc.com.

Forward-Looking Statements

Statements included in this press release and made on the earnings call for the quarter ended March 31, 2026, may contain “forward-looking statements,” which relate to future performance, operating results, events, financial condition and/or exploration of strategic alternatives. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” and variations of these words and similar expressions are intended to identify forward-looking statements. Any forward-looking statements, including statements other than statements of historical facts, included in this press release or made on the earnings call are based upon current expectations, are inherently uncertain, and involve a number of assumptions and substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control.

Investors are cautioned not to place undue reliance on these forward-looking statements. Any such statements are likely to be affected by other unknowable future events and conditions, which the Company may or may not have considered, including, without limitation, changes in base interest rates and the effects of significant market volatility on our business, our portfolio companies, our industry and the global economy. Accordingly, such statements cannot be guarantees or assurances of any aspect of future performance or events. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors and risks. More information on these risks and other potential factors that could affect actual events and the Company’s performance and financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or discussed on the earnings call, is or will be included in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly 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.

Investcorp Credit Management BDC, Inc.

Investor Relations

Email: [email protected]

Phone: (212) 703-1154

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

Posted on

Denison Reports Financial and Operational Results for Q1 2026, Highlighted by Commencement of Site Preparation and Early Works for the Phoenix ISR Uranium Mine, and the Results of its Shareholder Meeting

PR Newswire

TORONTO, May 12, 2026 /PRNewswire/ – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML) (NYSE American: DNN) today filed its Condensed Consolidated Financial Statements and Management’s Discussion & Analysis (‘MD&A’) for the quarter ended March 31, 2026. Both documents will be available on the Company’s website (at www.denisonmines.com), SEDAR+ (at www.sedarplus.ca) and EDGAR (at www.sec.gov/edgar). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF Version

David Cates, President and CEO of Denison commented, “In February, the Phoenix In-Situ Recovery (“ISR”) uranium mine (“Phoenix”) became the first large-scale Canadian uranium mining project in over 20 years to receive all regulatory approvals required to commence construction.Shortly after achieving this landmark permitting accomplishment, the Company made its final investment decision (“FID”) for Phoenix construction and, by the end of the first quarter, our Denison-Wood integrated project management team mobilized to the Wheeler River property and began executing schedule-critical site preparation and early works construction activities.


In less than two months of on-site activity, our dedicated teams have completed (i) tree clearing activities across the primary mine site area, (ii) installation of construction management facilities, (iii) construction of our on-site helipad, (iv) civil works for the concrete batch plant pad, and (v) commencement of aggregate production at a nearby quarry.


Civil activities continue to advance on site, including those necessary to establish the future airstrip.


Taken together, we are on track to ramp up construction staffing and activities to complete early works and commence full-scale construction by the end of the second quarter, which aligns with our target to achieve first uranium production in mid-2028.


We are, however, closely monitoring the widespread flooding that is impacting a portion of the road network in northern Saskatchewan.


While our personnel are able to access the Phoenix site via helicopter, our ability to mobilize additional heavy equipment and certain supplies to site as planned may be impacted if the flooding persists and/or key infrastructure remains impacted.


We recognize the significant efforts of the Province of Saskatchewan to rapidly respond to this unprecedented situation and are hopeful that conditions will improve in the coming days.


At our 22.5%-owned McClean Lake operation, mining activities at the McClean North SABRE mine were minimal in the first quarter, with work focused on the completion of resource confirmation drilling in advance of the planned resumption of active mining later in the second quarter.
 


Denison’s unique combination of physical uranium holdings, active mine production from McClean Lake, and large-scale expected future mine production from the Phoenix and Gryphon deposits has resonated positively with some of the world’s largest nuclear power utilities.


This is reflected by our continued success in growing our uranium sales book – which now includes contracted sales commitments for nearly 8 million pounds of U



3



O



8



plus advanced negotiations for a further 8 million pounds of U



3



O



8



.


Notably, our customers include leading North American nuclear power utilities collectively responsible for over 50 reactors.


In the first quarter, we entered near-term sales commitments with an average realized price over US$99/lb U



3



O



8



for deliveries within a year.


These sales are part of our Phoenix project financing efforts stemming from our physical uranium purchase from 2021, and demonstrate how our disciplined long-term strategy has facilitated significant participation in a rising uranium price environment.


While the large majority of our commercial activity is focused on market-related pricing, we have also recently observed base-escalated pricing above levels reported in industry price publications, including prices on a present value basis in excess of US$100/lb U



3



O



8



We believe this and other positive market signals continue to point to robust uranium market fundamentals, which align well with Denison’s unique position as one of the few uranium suppliers globally that is on track to bring a sizeable new source of production to market before the end of the decade.”

Highlights

  • Regulatory Approval Received and Final Investment Decision Made to Construct the Phoenix Uranium Mine

In February 2026, the Company announced receipt of approval from the Canadian Nuclear Safety Commission (“CNSC”) for the Environmental Assessment (“EA”) and the Licence to Prepare a Site & Construct (the “Construction Licence”) for Phoenix. Phoenix is situated on the Wheeler River property (“Wheeler River”) and is the first uranium mine in Canada to receive federal approval for construction in over 20 years. With the EA having previously been approved by the Province of Saskatchewan, and other provincial approvals necessary to commence construction already received, federal approval of the EA and the issuance of the Construction Licence represented the final regulatory approvals required to commence construction of Phoenix.

Following the receipt of the CNSC approvals, Denison announced approval by its Board of Directors of the FID.

  • Significant Advancement of Phoenix Site Preparation and Commencement of Early Works

Following the FID in late February 2026, the Integrated Project Management Team mobilized to the Phoenix site in early March and began overseeing the execution of site preparation activities and certain early works activities. 

By the end of April 2026, significant progress was made on schedule-critical activities including the completion of tree clearing activities across the primary mine site area prior to the onset of the migratory bird season. See Figure 1 for an annotated illustration of the site clearing activities completed to the end of April 2026. Site clearing and civil works were also completed for the concrete batch plant pad, which will allow for the mobilization of the batch plant to site in May 2026. Additionally, a rock crusher was mobilized to a nearby quarry, allowing for the commencement of aggregate production to support site civil activities.

Civil activities at the main Phoenix site continue to advance, including the initiation of the construction of access roads and clearings necessary to establish the future site airstrip. Prior to the completion of the airstrip, scheduled for later in 2026, the majority of construction personnel will be transported to site via an 18-passenger helicopter. Regular air transport commenced in April 2026, following the completion of the site helipad.

As Phoenix is a greenfield mine development project, significant site preparation activities and early works are required prior to the commencement of full-scale construction. Based on the early works completed to date, the ramp up of construction staff and activities to achieve a full-scale rate of construction is expected to occur before the end of the second quarter of 2026. Once construction activities ramp up, it is anticipated to take approximately two years to complete construction at Phoenix. This execution timeline positions Denison as one of the few uranium suppliers globally that is on track to provide a sizeable new source of uranium production before the end of the decade.

  • Uranium Marketing Efforts Translate into Growing Customer Base and Supply Contracts

The proceeds from the sale of the Company’s physical uranium holdings and inventory is an important part of the Company’s project financing plans for Phoenix. In the first quarter of 2026, Denison agreed to sell 550,000 pounds of U3O8 with deliveries between the second quarter of 2026 and the first quarter of 2027 at an average price of US$99.07 per pound. At the end of the first quarter of 2026, 1,350,000 pounds of U3O8 were committed for deliveries between the second quarter of 2026 and the second quarter of 2027. The sales price has been fixed for the delivery of 950,000 pounds U3O8 for gross proceeds of US$87.5 million (average price of US$92.05 per pound U3O8). The remaining 400,000 pounds U3O8 of committed near-term sales are subject to market-related pricing, and approximately 500,000 pounds U3O8 in physical holdings and inventories remain uncommitted.

Including near-term commitments, the Company has contracted firm uranium sales commitments for nearly 8 million pounds of U3O8 from its physical uranium holdings and expected future uranium production, and is in advanced negotiations for additional sales commitments of approximately 8 million pounds of U3O8, resulting in total contracted and advanced negotiation sales commitments of approximately 16 million pounds of U3O8. 

Customers include several leading North American nuclear power plant operators, collectively responsible for over 50 nuclear reactors, as well as multiple reputable industry intermediaries, which have each demonstrated significant interest in securing supply from Denison. Pricing mechanisms include a mix of market-related with no floors and ceilings, market-related with floors and ceilings, and base-escalated pricing. The large majority of commitments are on a market-related basis with deliveries contemplated to occur during the expected mine life of Phoenix.

  • Construction Management Contract Awarded for Phoenix

Also in February 2026, Denison announced that, following a competitive tender process, it awarded Wood Canada Limited (“Wood”), a global leader in consulting and engineering, with the construction management contract (the “CM Contract”) to oversee construction of the Phoenix mine. The CM Contract currently contemplates procurement and construction management scopes, whereby Wood will be responsible for (i) construction management of the full processing plant scope, (ii) installation of certain site infrastructure, and (iii) integrated project controls, ongoing procurement support, on-site safety oversight, as well as maintaining reporting and performance management standards. Such services will be provided by Wood in close consultation with Denison, with certain members of Wood’s team and Denison’s team holding complementary roles in an integrated project management team.

  • Capital Cost Update for Phoenix

In January 2026, the Company reported that, based on the substantial completion of project engineering and execution of significant procurement activities since the effective date of the 2023 feasibility study for Phoenix (the “Phoenix FS”), an updated initial capital cost estimate for the Project has been released. Accounting for increases in inflation, cost increases, and project refinements, the Company estimated the total post- FID initial capital estimate for the Project to be approximately $600 million.

2026 Annual Shareholders Meeting

Denison is also pleased to report the passing of all items of business presented to shareholders at the Company’s annual and special shareholders meeting held in Toronto today (the “Meeting“), as disclosed in the management information circular dated March 30, 2026. Detailed results of the vote by proxy for the election of directors are set out below.


Nominee


Votes For


% For


Votes Withheld


% Withheld

Jennifer Traub

380,790,889

92.64 %

30,258,124

7.36 %

David Cates

380,307,157

92.52 %

30,741,856

7.48 %

Jinsu Baik

408,478,671

99.37 %

2,570,343

0.63 %

Wes Carson

408,670,364

99.42 %

2,378,649

0.58 %

Ken Hartwick

408,648,540

99.42 %

2,400,473

0.58 %

David Neuburger

378,062,092

91.97 %

32,986,921

8.03 %

Laurie Sterritt

407,039,986

99.02 %

4,009,027

0.98 %

Patricia Volker

404,770,461

98.47 %

6,278,551

1.53 %

The Company has provided more details on the results of all matters considered at the Meeting in its Report of Voting Results which has been filed under its profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.

About Denison

Denison Mines Corp. was formed under the laws of Ontario and is a reporting issuer in all Canadian provinces and territories. Denison’s common shares are listed on the Toronto Stock Exchange (the “TSX”) under the symbol ‘DML’ and on the NYSE American exchange under the symbol ‘DNN’.

Denison is a uranium mining, exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The Company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. In mid-2023, the Phoenix FS was completed for the Phoenix ISR mining operation, and an update to the 2018 Pre-Feasibility Study (“2018 PFS”) was completed for the Gryphon deposit as a conventional underground mining operation (the “Gryphon Update”). Based on the respective studies, both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world.

Permitting efforts for Phoenix commenced in 2019 and the required permits have been obtained to commence construction – including the July 2025 approval of the project’s EA by the Province of Saskatchewan and the February 2026 federal approval of the EA and issuance of the Construction Licence. This milestone supported the FID and the subsequent commencement of early works activities at the Phoenix mine. Denison’s interests in Saskatchewan also include a 22.5% ownership interest in the MLJV, which restarted mining with SABRE in 2025) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Main and Midwest A deposits held by the Midwest Joint Venture (“MWJV”), and a 70.55% interest in the Tthe Heldeth Túé (“THT”) and Huskie deposits on the Waterbury Lake Property (“Waterbury”). The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, the Company has direct ownership interests in properties covering ~457,000 hectares in the Athabasca Basin region.

Additionally, through its 50% ownership of JCU (Canada) Exploration Company, Limited (“JCU”), Denison holds further interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%) and Christie Lake (JCU, 34.4508%).

In 2024, Denison celebrated its 70th year in uranium mining, exploration, and development, which began in 1954 with Denison’s first acquisition of mining claims in the Elliot Lake region of northern Ontario.

Technical Disclosure and Qualified Person

The technical information contained in this press release has been reviewed and approved by Chad Sorba, P.Geo., Denison’s Vice President Technical Services & Project Evaluation, who is a Qualified Persons in accordance with the requirements of NI 43-101.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain information contained in this press release constitutes ‘forward-looking information’, within the meaning of the applicable United States and Canadian legislation concerning the business, operations, and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, or ‘believes’, or the negatives and/or variations of such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’, ‘be achieved’ or ‘has the potential to’.

In particular, this press release contains forward-looking information pertaining to the following: the results of, and estimates and assumptions within, the Phoenix FS and the Gryphon PFS Update, including the estimates of Denison’s mineral reserves and mineral resources, and statements regarding anticipated budgets, fees, expenditures and timelines; Denison’s outlook, plans and objectives for 2026 and beyond; exploration, development and construction programs, plans and objectives, including expectations with respect to early works and commencement of construction at Phoenix; statements regarding impacts of flooding including its impacts on road networks in northern Saskatchewan; statements regarding Denison’s EA and Construction Licence approvals and other expectations with respect to Denison’s project licensing and permitting; expectations regarding uranium mining on the McClean Lake property, including anticipated timing and budgets; Denison’s land position; expectations regarding Denison’s joint venture ownership interests and the continuity of its agreements with its partners; expectations regarding agreements with third parties, including Foremost, Cosa, and Skyharbour; and Denison’s plans with respect to its commercial activities, including its physical uranium holdings and other uranium sales transactions and the expected benefits thereof. Statements relating to ‘mineral reserves’ or ‘mineral resources’ are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future.

Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the results of the Denison’s studies, including the Phoenix FS, and field work, may not be maintained after further testing or be representative of actual mining plans for the Phoenix deposit after further design and studies are completed. In addition, Denison may decide or otherwise be required to discontinue early works and/or construction at Phoenix or other exploration, testing, evaluation and development work at Wheeler River or other projects if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, regulatory approvals, etc.) or operations are otherwise affected by regulatory restrictions or requirements.

Denison believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate, and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed under the heading ‘Risk Factors’ in the Company’s most recent Annual Information Form. These factors are not, and should not be construed as being, exhaustive. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this press release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this press release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this press release to conform such information to actual results or to changes in Denison’s expectations except as otherwise required by applicable legislation.

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SOURCE Denison Mines Corp.

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NMI Holdings, Inc. to Participate in Upcoming Investor Conferences

EMERYVILLE, Calif., May 12, 2026 (GLOBE NEWSWIRE) — NMI Holdings, Inc., (NASDAQ:NMIH) announced today that Adam Pollitzer, the company’s President and Chief Executive Officer, and Aurora Swithenbank, Executive Vice President and Chief Financial Officer, will be participating at the KBW Virtual Real Estate Finance and Technology Conference on May 19th and the Truist Securities Financial Conference on May 20th in New York City. A presentation that may be referenced during the conferences will be available on the company’s website at https://ir.nationalmi.com/investor-relations.

About NMI Holdings, Inc.

NMI Holdings, Inc. (NASDAQ: NMIH) is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low-down-payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower’s default. To learn more, please visit www.nationalmi.com.

Investor Contact

Seth Vittori
Senior Manager, Investor Relations & Treasury
[email protected]



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AEVEX Corp Announces First Quarter 2026 Earnings Release, Conference Call, and Webcast

AEVEX Corp Announces First Quarter 2026 Earnings Release, Conference Call, and Webcast

SOLANA BEACH, Calif.–(BUSINESS WIRE)–
AEVEX Corp. (NYSE: AVEX), today announced it will issue financial results for the Company’s first quarter fiscal year 2026 after financial markets close on Wednesday, May 20, 2026. Management will host a conference call and live audio webcast to discuss the results at 5:00 p.m. Eastern Daylight Time.

Hosting the call and webcast to review results for the first quarter fiscal year 2026 will be Chief Executive Officer, Roger Wells; Chief Financial Officer, Todd Booth; and Vice President, Investor Relations, Jason Gursky.

Conference Call and Webcast Event Summary

Date: May 20, 2026

Time: 5:00 PM EDT

Analyst Registration: https://events.q4inc.com/analyst/178325679?pwd=%7E9e%26M%3Bju

Investors may listen to the live audio webcast directly by clicking here or via the “Investors” section of the AEVEX Corp website, https://ir.aevex.com/overview/default.aspx, under “News and Events.” Please allow 10 minutes prior to the call to download and install any necessary audio software.

Audio Replay Options

An audio replay of the event will be archived on the “Investor Relations” section of the Company’s website at https://ir.aevex.com/overview/default.aspx.

For more information, visit www.aevex.com.

About AEVEX

AEVEX Corp. (NYSE: AVEX) is a leading U.S. defense technology company delivering autonomous unmanned systems, AI‑enabled mission software, and advanced ISR and electronic warfare solutions for national security customers. With vertically integrated engineering, rapid prototyping, and high‑volume manufacturing across multiple U.S. locations, AEVEX provides affordable, front‑line‑ready capabilities designed for contested and GPS‑denied environments. AEVEX’s mission is to strengthen deterrence, enhance warfighter effectiveness, and help ensure the United States maintains technological and industrial advantage in the era of autonomy.

Media Contact

Brian Manning

AEVEX

[email protected]

Investor Relations Contact

Jason Gursky

AEVEX

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Defense Technology Aerospace Manufacturing Software Artificial Intelligence Contracts

MEDIA:

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GOSS Investors Have Opportunity to Lead Gossamer Bio, Inc. Securities Fraud Lawsuit

PR Newswire

NEW YORK, May 12, 2026 /PRNewswire/ —

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Gossamer Bio, Inc. (NASDAQ: GOSS) between June 16, 2025 and February 20, 2026, inclusive (the “Class Period”), of the important June 1, 2026 lead plaintiff deadline.

So What: If you purchased Gossamer securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Gossamer class action, go to https://rosenlegal.com/submit-form/?case_id=61894 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 1, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the Case: According to the lawsuit, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning the study design for Gossamer’s Phase 3 PROSERA study, particularly, controlling for the placebo response at the Latin American testing sites. When the true details entered the market, the lawsuit claims that investors suffered damages. 

To join the Gossamer class action, go to https://rosenlegal.com/submit-form/?case_id=61894 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.