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PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results

HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — The following table summarizes the primary components of production volumes and average sales prices realized for the years ended December 31, 2024 and 2023 (excluding realized gains and losses from derivatives). 

    Years ended December 31,     Increase /   Increase /  
    2024     2023     (Decrease)   (Decrease)  
Barrels of Oil Produced     2,556,000         1,144,000         1,412,000       123.43   %
Average Price Received   $ 75.80       $ 76.84       $ (1.04 )     (1.35 ) %
Oil Revenue (In 000’s)   $ 193,737       $ 87,906       $ 105,831       120.39   %
Mcf of Gas Sold     7,766,000         4,127,000         3,639,000       88.18   %
Average Price Received   $ 0.43       $ 1.92       $ (1.49 )     (77.60 ) %
Gas Revenue (In 000’s)   $ 3,309       $ 7,935       $ (4,626 )     (58.30 ) %
Barrels of Natural Gas Liquids Sold     1,284,000         606,000         678,000       111.88   %
Average Price Received   $ 20.25       $ 19.64       $ 0.61       3.11   %
Natural Gas Liquids Revenue (In 000’s)   $ 25,996       $ 11,901       $ 14,095       118.44   %
Total Oil & Gas Revenue (In 000’s)   $ 223,042       $ 107,742       $ 115,300       107.01   %


Proved reserves at December 31, 2024, were 10,609 barrels of oil, 8,267 barrels of natural gas liquids, and 45,815 MMcf of natural gas.

  Year Ended December 31,
  2024   2023   Increase /
(Decrease)
           
Revenues (In 000’s) $ 237,796     $ 132,810     $ 104,986  
Net Income (In 000’s) $ 55,404     $ 28,103     $ 27,301  
Earnings per Common Share:          
Basic $ 31.43     $ 15.19     $ 16.24  
Diluted $ 21.95     $ 10.77     $ 11.18  
Shares Used in Calculation of:          
Basic EPS 1,762,644     1,849,780      
Diluted EPS 2,523,581     2,608,786      
           

PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 extension 6416.

Forward-Looking Statements

This Report contains forward-looking statements that are based on management’s current expectations, estimates and projections. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes”, “projects” and “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company’s oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company’s ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.



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New Found Gold Corp. Provides Queensway Gold Project Overview and Plans; Files Technical Report

PR Newswire


VANCOUVER, BC
, April 15, 2025 /PRNewswire/ – New Found Gold Corp. (“New Found Gold” or the “Company“) (TSXV: NFG) (NYSE-A: NFGC) is pleased provide an overview of, and plans for, the Queensway Gold Project (“Queensway” or the “Project“) and has filed the technical report for the initial mineral resource estimate (“MRE“) for the Project (the “Technical Report“).

Queensway Highlights:

  • Tier 1 Jurisdiction:
    • Mining-positive government, access to highway, port, airport, low-cost green power and skilled local workforce
  • Initial Mineral Resource Estimate:
    • 70% of the initial MRE ounces are in the indicated category
    • 18.0 Mt1 grading 2.40 g/t Au2, for 1.39 Moz3 (indicated)
    • 10.7 Mt grading 1.77 g/t Au, for 0.61 Moz (inferred)
  • High-Grade Veins Exposed at Surface:
    • 73% of the ounces are contained in 24% of the tonnage (indicated) within the Mineral Resource pit shells
    • The opportunity for high-grade starter pits is being investigated as part of the preliminary economic assessment (“PEA“) currently underway and scheduled for release in late Q2/25
    • Planning to commence bulk sampling H1/26
  • Versatile Deposit:
    • The Mineral Resources are defined within a series of open pits, which creates flexibility with respect to mine planning, grade sequencing and tailings deposition strategies
    • The potential to leverage in-pit tailings storage is being investigated as part of the PEA
  • Project Growth:
    • Infill: the initial MRE has potential for expansion between and within the initial MRE pit shells 
    • Expansion: recently announced high-grade gold intersections beyond the initial MRE footprint demonstrates that gold mineralization remains open for expansion both along strike and at depth; past drilling focussed within 200 m of surface in a less than 5% portion of the 110 km long strike extent of the two major structures controlling gold mineralization

Keith Boyle, CEO of New Found Gold commented: “New Found Gold has begun a new chapter, with an initial mineral resource completed in Q1/25 and a preliminary economic assessment scheduled for completion in late Q2/25. As a mining engineer with 40 years of experience in development and operations, much of which was spent working on projects with parallels to Queensway, I can see the unique opportunity we have at New Found Gold. We are rapidly advancing with the PEA, while at the same time continuing to explore our highly prospective landholdings targeting additional discoveries similar to Keats and Iceberg.”

New Found Gold’s current Corporate Presentation can be viewed in 3D on the Company’s website or using VRIFY at: https://vrify.com/decks/18603

____________________________


1 Mt = million tonnes


2 g/t Au = grams of gold per tonne


3 Moz = million ounces

Looking Ahead:

  • Fully Funded PEA Underway:

    • Planned release late Q2/25
  • 2025 Drill Campaign:

    • Planning underway for mid Q2/25 start
    • Primary focus on resource conversion (infill, expansion, extensions)
    • Secondary focus on exploration (discovery of additional major deposits along the 110 km long strike extent of the Project)
  • Bulk Sample:

    • To confirm grade continuity and validate resource model
    • Planning underway to commence H1/26
  • Metallurgy:

    • Additional test work is ongoing
  • Permitting and Environmental Baseline Studies:

    • Work is ongoing to support future studies and permit applications

Technical Report and Initial MRE:

The Technical Report was prepared by SLR Consulting (Canada) Ltd. (“SLR“) in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum (“CIM“) Definition Standards and Canadian National Instrument 43-101 (“NI 43-101“) and filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. SLR is independent of New Found Gold.

The following is the current Mineral Resource Estimate as at March 15, 2025 (the “Effective Date“) as announced in the New Found Gold news release dated March 24, 2025.


Table 1: MRE Summary (as at the Effective Date)


Zone


Category


Tonnage


(Mt)


Grade


(g/t Au)


Contained Metal


(Moz Au)


Open Pit

Indicated

17.3

2.25

1.25

Inferred

9.0

1.24

0.36


Underground

Indicated

0.8

5.76

0.14

Inferred

1.7

4.44

0.25


Total

Indicated

18.0

2.40

1.39

Inferred

10.7

1.77

0.61

Notes:


1.


CIM (2014) definitions were followed for Mineral Resources.


2.


Mineral Resources are estimated using a long-term gold price of US$2,200 per ounce, and a US$/C$ exchange rate of US$1.00 = C$1.43.


3.


Open pit Mineral Resources are estimated at a cut-off grade of 0.3 g/t Au and constrained by a preliminary optimized pit shell with a pit slope angle of 45°, and bench height of 5 m.


4.


RPEEE (as defined below) for underground Mineral Resources was demonstrated by constraining within reporting panels generated at a cut-off grade of 1.65 g/t Au, with heights (H) of 10 m, lengths (L) of 5 m and minimum widths of 1.8 m.


5.


The optimized pit shell, underground reporting shapes, and cut-off grades were generated by assuming metallurgical recovery of 90%, standard treatment and refining charges, mining costs of C$5.0/t moved for open pit and C$120/t processed for underground, processing costs of C$20/t processed, and general and administrative costs of C$7.5/t processed.  


6.


Pierre Landry, P.Geo. of SLR, an independent Qualified Person who prepared the initial MRE is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource estimate.


7.


Bulk density within the vein and halo mineralization domains is 2.7 t/m³.


8.


Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.


9.


Numbers may not add due to rounding.

Grade-Tonnage by Cut-off Grade:
Table 2a and 2b show the variation in tonnes and grades at various gold cut-off grades (“COG“) within the AFZ Core resource pit shell. At a cut-off grade of 2 g/t Au and within the resource pit shell, the Indicated Mineral Resource blocks total 3,854 thousand tonnes (“kt“) at a grade of 7.16 g/t Au for 887 thousand ounces (“koz“) and the Inferred Mineral Resource blocks total 993 kt at a grade of 4.16 g/t Au for 133 koz. This represents 73% of the contained ounces in only 24% of the tonnage for the indicated category only.

The opportunity for high-grade starter pits is being investigated as part of the PEA.


Table
2a: AFZ Core Open Pit Indicated Grade-Tonnage Table (as at the Effective Date)


Indicated


COG (g/t)


Tonnage (kt)


Au Grade (g/t)


Au Metal (koz)


0.3


16,189


2.34


1,219

0.4

14,197

2.62

1,197

0.5

12,584

2.90

1,174

1.0

7,699

4.29

1,061

1.5

5,248

5.72

964

2.0

3,854

7.16

887


Table

2b: AFZ Core Open Pit Inferred Grade-Tonnage Table (as at the Effective Date)


Inferred


COG (g/t)


Tonnage (kt)


Au Grade (g/t)


Au Metal (koz)


0.3


8,280


1.21


323

0.4

7,103

1.36

310

0.5

6,130

1.50

296

1.0

3,068

2.29

226

1.5

1,709

3.14

173

2.0

993

4.16

133

Data Verification

The data used in this Mineral Resource Estimate is supported by Quality Assurance and Quality Control (“QA/QC“) procedures, such as the insertion of certified standards and blanks into the sample stream and the utilization of certified independent analytical laboratories for all assays. The QA/QC data and methodology on the project were reviewed and will be summarized in the NI 43-101 technical report.

Pierre Landry, P.Geo. of SLR, an independent Qualified Person in accordance with the requirements of NI 43-101, has reviewed the adequacy of sample preparation, security, and analytical procedures conducted by New Found Gold from the start of the Queensway exploration programs in 2019 through to the Effective Date. This review found no material issues or inconsistencies that could adversely affect the quality or reliability of the data. The QP is of the opinion that:

  • NFG’s sample preparation procedures are appropriate for the deposit type and mineralization style.
  • Analytical methods used, including fire assay, photon assay, and screen fire assay, are suitable for determining gold grades in the Project.
  • The QA/QC program, which includes CRMs, blanks, and duplicates, is well-structured, meets industry standards, and provides confidence in the assay data.
  • Sample security measures and chain of custody protocols are sufficient to ensure the integrity of the data.

Overall, Pierre Landry, P.Geo. of SLR, an independent Qualified Person in accordance with the requirements of NI 43-101, is of the opinion that NFG’s sampling, analytical methods, and QA/QC program meet industry standards and are suitable for use in the Mineral Resource estimate.

Data verification for the drill hole database included comparing gold assay values used to support the Mineral Resource estimate against the original analytical certificates from ALS and MSALABS, the primary laboratories used by NFG between 2019 and 2024. The review covered a variety of assay methods including: fire assay with AAS or gravimetric finish, photon assay, and screen fire assay.

SLR found no material discrepancies identified that would impact the validity of the Mineral Resource estimate. SLR’s QP is of the opinion that the verification process confirms the reliability of the assay database, ensuring its suitability for use for Mineral Resource estimation.

In accordance with NI 43-101, Pierre Landry, P.Geo., of SLR, conducted a site visit to the Project and related facilities on October 24 and 25, 2024. During this visit, he inspected the Keats and Iceberg trenches, the core shack, and reviewed the logging environment and procedures for data collection and sampling. He also examined core samples from the AFZ Core, AFZ Peripheral, and JBP deposits. In addition, he interviewed NFG’s personnel and gathered information necessary for completing the Mineral Resource estimate and accompanying Technical Report.

Mr. Landry also inspected drill collars and drill hole cores relevant to the Mineral Resource estimation, verifying collar locations using a handheld GPS and visually comparing mineralization with interpreted drilling sections. NFG provided full access to all facilities and personnel during the visit. Mr. Landry was accompanied by Melissa Render, President of NFG.

Qualified Person

The initial MRE for Queensway was prepared by Pierre Landry, P.Geo. of SLR, an independent Qualified Person in accordance with the requirements of NI 43-101, who has reviewed and approved the contents of this news release.

The scientific and technical information disclosed in this press release was reviewed and approved by Melissa Render, P.Geo., President, and a Qualified Person as defined under NI 43-101. Ms. Render consents to the publication of this press release dated March 24, 2025, by New Found Gold. Ms. Render certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

About New Found Gold

New Found Gold holds a 100% interest in Queensway, located in Newfoundland and Labrador, a Tier 1 jurisdiction with excellent infrastructure and a skilled local workforce.

The Company has completed an initial mineral resource estimate at Queensway (see New Found Gold news release dated March 24, 2025). A fully funded preliminary economic assessment is underway, with completion scheduled for late Q2/25.

Recent drilling continues to yield new discoveries along strike and down dip of known gold zones, pointing to the district-scale potential of the 175,600 hectare project that covers a 110 km strike extent along two prospective fault zones.

New Found Gold has a new management team in place, a solid shareholder base, which includes an 19% holding by Eric Sprott, and is focused on growth and value creation at Queensway.

Please see the Company’s website at www.newfoundgold.ca and the Company’s SEDAR+ profile at www.sedarplus.ca.

Keith Boyle

Chief Executive Officer
New Found Gold Corp.

Follow us on social media at
https://www.linkedin.com/company/newfound-gold-corp
https://x.com/newfoundgold  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement Cautions

This press release contains certain “forward-looking statements” within the meaning of Canadian securities legislation, relating to exploration, drilling and mineralization on the Queensway Project; the preparation, timing and completion of the preliminary economic assessment; the opportunity for high-grade starter pits; the advancement of Queensway; the initial MRE; growth potential; the versatility of the deposit; plans for future exploration and drilling and the timing thereof; additional metallurgical testwork; the jurisdiction of the Queensway Project; and the merits of the Queensway Project. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “interpreted”, “intends”, “estimates”, “projects”, “aims”, “suggests”, “indicate”, “often”, “target”, “future”, “likely”, “encouraging”, “pending”, “scheduled”, “potential”, “goal”, “objective”, “opportunity”, “prospective”, “possibly”, “preliminary”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated with the Company’s ability to complete the preliminary economic assessment, the results and timing of the preliminary economic assessment, possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration, drilling and assay results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company’s exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company’s business and prospects. The reader is urged to refer to the Company’s Annual Information Form and Management’s Discussion and Analysis, publicly available through the Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their potential effects.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/new-found-gold-corp-provides-queensway-gold-project-overview-and-plans-files-technical-report-302429650.html

SOURCE New Found Gold Corp.

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Mattel Announces First Quarter 2025 Financial Results and Conference Call Date

Mattel Announces First Quarter 2025 Financial Results and Conference Call Date

EL SEGUNDO, Calif.–(BUSINESS WIRE)–
Mattel, Inc. (NASDAQ: MAT) today announced that it plans to release its first quarter 2025 financial results on Monday, May 5, 2025, at approximately 4:05 p.m. Eastern Time. Following this, Mattel will host a webcast conference call at 5:00 p.m. Eastern Time.

The webcast and accompanying slides will be available under the Events and Presentations section of Mattel’s Investor Relations website, https://investors.mattel.com. To listen to the webcast, log on to the website at least 10 minutes early to register, download and install any necessary audio software. An archive of the webcast will be available on the Company’s website for 12 months following the event.

Certain financial and statistical information included in the webcast, such as information required by Regulation G, will be available at the time of the webcast on the “Investors” section of Mattel’s corporate website, https://investors.mattel.com.

About Mattel

Mattel is a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, MEGA® and Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

MAT-FIN MAT-CORP

Securities Analysts

Jenn Kettnich

[email protected]

News Media

Catherine Frymark

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Licensing (Entertainment) Retail Toys Entertainment Specialty

MEDIA:

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Nutrien Announces Release Dates for First Quarter 2025 Results and Conference Call

Nutrien Announces Release Dates for First Quarter 2025 Results and Conference Call

SASKATOON, Saskatchewan–(BUSINESS WIRE)–
Nutrien Ltd. (TSX and NYSE: NTR) announced today plans to release first quarter 2025 results after market close on Wednesday, May 7. Nutrien will host a conference call to discuss its results and outlook at 10:00 a.m. EST on Thursday, May 8.

Investors can access the call by dialing 1-800-206-4400 or 1-289-514-5005. A webcast of the call can be accessed by visiting Nutrien’s Investor Events and Presentation page.

A recording of the call will be available after its completion and can be accessed at: www.nutrien.com/investors/events. The webcast link will be live for 12 months following the call.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.

FOR FURTHER INFORMATION:

Jeff Holzman

Vice President, Investor Relations

(306) 933-8545

Contact us at: www.nutrien.com

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Communications Agriculture Natural Resources Public Relations/Investor Relations

MEDIA:

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Fossil Group, Inc. Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4)

RICHARDSON, Texas, April 15, 2025 (GLOBE NEWSWIRE) — Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) today announced that it is granting equity awards as a material inducement to the employment of the Company’s newly-hired Chief Digital Information Officer and General Manager EMEA, Antonio Carriero; Chief Commercial Officer, Joe Martin; and Chief Financial Officer, Randy Greben.

In connection with the appointments of Carriero effective February 12, 2025, Martin effective February 17, 2025, and Greben effective March 17, 2025, the Company is granting Carriero an employment inducement award consisting of 100,000 time-based restricted stock units (“RSUs”), Martin an employment inducement award consisting of 129,581 RSUs and Greben an employment inducement award consisting of 150,000 RSUs.

All three grants have an effective grant date of April 15, 2025 (the “Grant Date”). The RSUs will vest one third on the first, second and third anniversaries, respectively, of the Grant Date, subject to each officer’s continuous employment with the Company on each vesting date.

The inducement awards to Carriero, Martin and Greben were granted as a material inducement to their employment and were approved by the Company’s Compensation and Talent Management Committee on March 4, 2025, in accordance with Nasdaq Listing Rule 5635(c)(4). The awards were granted outside the Company’s equity incentive plan.

About Fossil Group, Inc.

Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small leather goods, belts and sunglasses. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, Emporio Armani, kate spade new york, Michael Kors and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories, and channels. Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com. 

Global Corporate Communications: 

James Webb 
Fossil Group 
[email protected]

Investor Relations:                

Christine Greany                                                                              
The Blueshirt Group                              
[email protected]



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Abraham, Fruchter & Twersky LLP Notifies Shareholders of a Class Action Lawsuit on Behalf of Investors who Acquired Shares of Venture Global, Inc. (NYSE: VG)

NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — Abraham, Fruchter & Twersky, LLP (www.aftlaw.com), a nationally recognized law firm that focuses on protecting investors’ rights, informs shareholders of a class action lawsuit on behalf of investors who purchased Venture Global, Inc. (“Venture Global” or “Company”) common stock (NYSE: VG) pursuant and/or traceable to Venture Global’s registration statement for the initial public offering conducted on or about January 24, 2025 (the “IPO”). The case is captioned FirstFire Global Opportunities Fund, LLC v. Venture Global, Inc. et al., No. 25-cv-00633 (V.A.E.D.).

CASE ALLEGATIONS: Venture Global engages in the commissioning, constructing, and developing of natural gas liquefaction (“LNG”) and export projects. According to the lawsuit, defendants touted Venture Global’s innovative and disruptive approach, which they stated is both scalable and repeatable, allowing Venture Global to bring LNG to the global market years faster and at a lower cost. Defendants further discussed the development of Venture Global’s five LNG and export projects near the Gulf of Mexico in Louisiana, utilizing their unique “design one, build many” approach and Venture Global’s customer backing to implement its projects.

The Registration Statement, however, is alleged to have been materially false and misleading because, inter alia, it failed to disclose the following which existed at the time of the IPO: (i) that commissioning volumes at the Calcasieu Pass Project were declining and had in fact declined during the fourth quarter of 2024 far in excess of levels expected by the market or purportedly warned about in the Registration Statement; (ii) that the Calcasieu Pass Project continued to be hampered by production issues which would further delay the project, reduce production volumes, and damage the Company’s relationship with customers; (iii) that the Company was internally projecting reduced production levels and income for 2025; and (iv) that the cost of the Plaquemines Project was substantially in excess of the amounts listed in the Registration Statement.

LEAD PLAINTIFF DEADLINE: Lead plaintiff motions for the Venture Global class action lawsuit must be filed with the court no later than April 18, 2025. If you suffered substantial losses by investing in Venture Global securities and would like to discuss serving as lead plaintiff of the Venture Global class action lawsuit, please contact Jack Fruchter by email at [email protected]. You can also reach Jack Fruchter by telephone at (212) 279-5050. There is no cost or obligation to you.

Abraham, Fruchter & Twersky, LLP (www.aftlaw.com) is a law firm based in New York with an office in California that has extensive experience in litigating securities law violations on behalf of investors.

Attorney advertising. Prior results do not guarantee similar outcomes.



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XTI Aerospace Provides Full-Year 2024 Business Update and Outlines 2025 Strategic Momentum

PR Newswire

Significant progress in aircraft design and expansion of IP portfolio sets stage for 2025 pre-orders and FAA certification advancement


ENGLEWOOD, Colo.
, April 15, 2025 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI Aerospace,” “XTI” or the “Company”), a pioneer in xVTOL and powered-lift aircraft solutions, today provided a business update and announced the filing of its Form 10-K for the fiscal year ended December 31, 2024.

“2024 marked a transformational year for XTI Aerospace as we repositioned the Company for long-term growth, broadened our leadership team, advanced the TriFan 600 development program, and strengthened our balance sheet,” said Scott Pomeroy, Chairman and CEO of XTI Aerospace. “We believe these milestones firmly establish our leadership for regional VTOL aircraft and set the stage for a dynamic 2025.”

The TriFan 600 is XTI’s flagship fixed-wing airplane designed for vertical takeoff and landing (VTOL), combining the speed and range of a regional business airplane with the point-to-point convenience of a helicopter. This innovative configuration opens new possibilities for regional air mobility in both commercial and special mission markets.

2024 Business Highlights:

  • Public Market Debut: XTI Aerospace commenced trading on the Nasdaq Capital Market under ticker “XTIA” following the merger of XTI Aircraft Company and Inpixon in March 2024.
  • Aircraft Development Progress:
    • Conducted a General Familiarization (GenFam) meeting with the FAA attended by over 60 representatives, advancing the Company toward type certification.
    • Filed a new U.S. patent application and Patent Cooperation Treaty (PCT) filing for proprietary TriFan 600 innovations, expanding the Company’s global IP portfolio.
    • Released Version 1.9 of the Flight Transition Simulator, adding One-Engine-Inoperative (OEI) capability.
  • Customer Growth: Announced Mesa Airlines as the purchaser of a previously disclosed conditional pre-order for up to 100 TriFan 600 airplanes.
  • Corporate Growth: Formed a Corporate Advisory Board led by seasoned executive Michael Tapp and expanded the leadership team with the addition of Tobin Arthur as Chief Strategy Officer and Tensie Axton to the Company’s Board of Directors.

Recent Developments and 2025 Outlook

Building on the momentum established in 2024, the Company has already made significant progress in early 2025 to further accelerate its trajectory, including:

  • Raised $24 million in gross proceeds through equity offerings in January and March.
  • Formally commenced the FAA Type Certification process for the TriFan 600.
  • Completed a critical downwash/outwash study and made significant progress on fuel system design, aerodynamic optimization, and drivetrain configuration.
  • Expanded the Corporate Advisory Board with strategic additions including Javier de la Peña, Kimberly Montgomery, David Oppenheimer, Stephanie Chung, and Archduke Sandor Habsburg-Lothringen.
  • Inpixon subsidiary received the 2025 “RTLS Solution of the Year” award, reinforcing its leadership in industrial location intelligence.

“We are entering a defining era for XTI Aerospace,” continued Mr. Pomeroy. “2024 represented a pivotal turning point for our company, and we believe we have laid a strong foundation for the future. As we look ahead, we intend to build on this momentum by continuing to strengthen our team, deepen our industry partnerships, refine our aircraft systems and technology, and reopen pre-orders for the TriFan 600 later this year. At this historic juncture in the evolution of aviation, we are committed to an aggressive path toward becoming a technology leader in the vertical economy.”

About XTI Aerospace, Inc. 

XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business airplane designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, speeds of 311 mph and a range of 985 miles. Additionally, the Inpixon (inpixon.com) business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company’s location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI Aerospace, please visit XTIAerospace.com and follow the company on LinkedIn, Instagram, X, and YouTube.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements about the products under development by XTI, the advantages of XTI’s technology, and XTI’s customers, plans and strategies are forward-looking statements.

Some of these forward-looking statements can be identified by the use of forward-looking words, including “believe,” “continue,” “could,” “would,” “will,” “estimate,” “expect,” “intend,” “plan,” “target,” “projects,” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI’s filings with the SEC, including those factors discussed under the caption “Risk Factors” in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC.

Contacts


General inquiries:


Email: [email protected] 
Web: https://xtiaerospace.com/contact/ 


Investor Relations:


Dave Gentry, CEO
RedChip Companies, Inc.
Phone: 1-407-644-4256
Email: [email protected] 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/xti-aerospace-provides-full-year-2024-business-update-and-outlines-2025-strategic-momentum-302429643.html

SOURCE XTI Aerospace, Inc.

Posted on

Theratechnologies Provides Update on Sale Process

MONTREAL, April 15, 2025 (GLOBE NEWSWIRE) — Theratechnologies Inc. (“Theratechnologies” or the “Company”) (TSX: TH) (NASDAQ: THTX), a commercial-stage biopharmaceutical company, today announced that following careful consideration of the current circumstances, including the publicly announced proposal from Future Pak, the Board of Directors of the Company (the “Board”) has decided to further evaluate the potential sale of the Company through an open and non-exclusive process. In connection with this determination, the Board has authorized the special committee, consisting of independent and disinterested directors (the “Special Committee”), to oversee the process and make a recommendation to the full Board. To support this process, in addition to Barclays as financial advisor and Fasken as legal advisor, the Special Committee has also engaged Raymond James as independent financial advisor and Norton Rose Fulbright as independent legal advisor.

There is no assurance that discussions with Future Pak or any other interested party will result in a transaction. The Company would like to reassure its clients, employees and partners that while these discussions may be ongoing, operations continue in the normal course.

The Company does not intend to provide further updates or comments with respect to the foregoing, other than as required pursuant to applicable securities laws.

About Theratechnologies

Theratechnologies (TSX: TH) (NASDAQ: THTX) is a specialty biopharmaceutical company focused on the commercialization of innovative therapies that have the potential to redefine standards of care. Further information about Theratechnologies is available on the Company’s website at www.theratech.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Follow Theratechnologies on LinkedIn and X.

Forward-Looking Information

This press release contains forward-looking statements and forward-looking information (collectively, “Forward-Looking Statements”), within the meaning of applicable securities laws, that are based on our management’s beliefs and assumptions and on information currently available to our management. You can identify Forward-Looking Statements by terms such as “may”, “will”, “should”, “could”, “promising”, “would”, “outlook”, “believe”, “plan”, “envisage”, “anticipate”, “expect” and “estimate”, or the negatives of these terms, or variations of them. The Forward-Looking Statements contained in this press release include, but are not limited to: the unsolicited proposal received by the Company from Future Pak for the acquisition of the Company; the review and evaluation by the Special Committee of proposals received by the Company from potential acquirors; the process relating to such review and any potential outcomes thereof; and other statements that are not historical facts. Although the Forward-Looking Statements contained in this press release are based upon what the Company believes are reasonable assumptions in light of the information currently available, investors are cautioned against placing undue reliance on this information since actual results may vary from the Forward-Looking Statements. Forward-Looking Statements assumptions are subject to a number of risks and uncertainties, many of which are beyond Theratechnologies’ control, that could cause actual results to differ materially from those that are disclosed in or implied by such Forward-Looking Statements. These risks and uncertainties include, but are not limited to: the possibility that the Company, its Board, its Special Committee and a potential acquiror cannot come to an agreement on the terms and conditions of such potential acquiror’s proposal or will not proceed with giving shareholders an opportunity to accept or vote in favour of such proposal; if a definitive agreement is reached, the failure to obtain or satisfy, in a timely manner or otherwise, required shareholder, court and regulatory approvals and other conditions of closing necessary to complete the transaction; the possibility that the Special Committee’s review does not result in a transaction; credit, market, currency, operational, commodity, geopolitical, liquidity and funding risks generally, including changes in economic conditions, interest rates or tax rates; the possibility of adverse reactions or changes in business relationships resulting from the announcement or completion of a transaction; other risks inherent to the Company’s business and/or factors beyond its control which could have a material adverse effect on the Company or its ability to consummate a transaction to effect a potential acquiror’s proposal. The Company refers current and potential investors to the “Risk Factors” section of the Company’s Annual Information Form filed on Form 20-F dated February 26, 2025 available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov under Theratechnologies’ public filings for the risks associated with the business. The reader is cautioned to consider these and other risks and uncertainties carefully and not to put undue reliance on Forward-Looking Statements. Forward-Looking Statements reflect current expectations regarding future events and speak only as of the date of this press release and represent our expectations as of that date.

Contacts:

Investor inquiries:

Philippe Dubuc
Senior Vice President and Chief Financial Officer
[email protected]
438-315-6608

Media inquiries:

Julie Schneiderman
Senior Director, Communications & Corporate Affairs
[email protected]
514-336-7800



Posted on

Delek Logistics Partners, LP to Host First Quarter 2025 Conference Call on May 7th

Delek Logistics Partners, LP to Host First Quarter 2025 Conference Call on May 7th

BRENTWOOD, Tenn.–(BUSINESS WIRE)–
Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release summarizing first quarter 2025 results before the U.S. stock market opens on Wednesday, May 7, 2025. A conference call to discuss these results is scheduled to begin at 11:30 a.m. CT (12:30 a.m. ET) on Wednesday, May 7, 2025.

The live broadcast of this conference call will be available online by going to www.DelekLogistics.com and clicking on the webcasts section of the website. The online replay will be available on the website for 90 days.

About Delek Logistics Partners, LP

Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline, transportation, and other services for its customers in crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling, water disposal and recycling.

Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) owns the general partner interest as well as a majority limited partner interest in Delek Logistics and is also a significant customer.

Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (https://www.deleklogistics.com/investor-relations), news webpage (https://www.deleklogistics.com/news-releases).

Investor Relations Contacts:

[email protected]

KEYWORDS: United States North America Tennessee

INDUSTRY KEYWORDS: Other Energy Transport Logistics/Supply Chain Management Oil/Gas Energy Other Transport

MEDIA:

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Posted on

Delek US Holdings to Host First Quarter 2025 Conference Call on May 7th

Delek US Holdings to Host First Quarter 2025 Conference Call on May 7th

BRENTWOOD, Tenn.–(BUSINESS WIRE)–
Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) today announced that the Company intends to issue a press release summarizing first quarter 2025 results before the U.S. stock market opens on Wednesday, May 7, 2025. A conference call to discuss these results is scheduled to begin at 10:00 a.m. CT (11:00 a.m. ET) on Wednesday, May 7, 2025.

The live broadcast of this conference call will be available online by going to www.DelekUS.com and clicking on the investor relations section of the website. The online replay will be available on the website for 90 days.

About Delek US Holdings, Inc.

Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The refining assets consist primarily of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

The logistics operations include Delek Logistics Partners, LP (NYSE: DKL). Delek Logistics Partners, LP is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets. Delek US Holdings, Inc. and its subsidiaries owned approximately 63.6% (including the general partner interest) of Delek Logistics Partners, LP as of February 18, 2025.

Information about Delek US Holdings, Inc. can be found on its website (www.delekus.com), investor relations webpage (ir.delekus.com), and news webpage (www.delekus.com/news).

Investor Relations Contact:

[email protected]

KEYWORDS: United States North America Tennessee

INDUSTRY KEYWORDS: Energy Transport Logistics/Supply Chain Management Oil/Gas

MEDIA:

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