Latest news with #NBM
Zawya
3 days ago
- Business
- Zawya
Saudi: National Building extends credit facility deal with Alinma Bank
Riyadh: National Building and Marketing Company (NBM) has renewed a Shariah-compliant banking facility agreement valued at SAR 135 million with Alinma Bank. The company obtained the funding to support its working capital, according to a bourse disclosure. The revolving facility, which holds a tenor of nine months, is secured by a promissory note and a guarantee of liability and performance, under the lender's terms and conditions. In April 2024, National Building extended a SAR 85 million financing agreement with Alinma Bank.
Yahoo
3 days ago
- Business
- Yahoo
NEO Battery Materials Announces Closing of First Tranche of Private Placement
TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the closing of the first tranche (the 'First Tranche') of a non-brokered private placement (the 'Offering') through the issuance of 400,000 units (each, a 'Unit') at a price of $0.50 CAD per Unit (the 'Offering Price') for aggregate gross proceeds of $200,000 CAD. Each Unit consists of one common share of the Company (each, a 'Common Share') and one non-transferable Common Share purchase warrant (each, a 'Warrant'). Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.75 CAD for a period of 24 months from the closing date of the Offering. The use of proceeds will be allocated towards (i) scaling-up silicon battery research and development and production for large-scale battery manufacturing and testing, (ii) purchases of key manufacturing equipment, and (iii) working capital and general corporate overhead. In connection with the Offering, the Company paid to the finders: (i) an aggregate cash commission of $14,000 CAD, and (ii) 28,000 non-transferable warrants of the Company exercisable at an exercise price of $0.50 CAD for a period of 24 months from the closing date of the Offering. The Units have been offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Ontario Securities Commission Rule 72-503 – Distributions Outside Canada ('OSC 72-503'), and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions. The Offering is not a Related Party Transaction as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101') and therefore is not subject to TSXV Policy 5.9. The Offering is subject to final acceptance of the TSXV. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act') or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities law, or an exemption from such registration requirements is available. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: On Behalf of the Board of DirectorsSpencer HuhDirector, President, and CEO For Investor Relations, PR & More Information:info@ T: +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Neither 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 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
NEO Battery Materials Announces Closing of First Tranche of Private Placement
TORONTO, June 17, 2025 (GLOBE NEWSWIRE) -- NEO Battery Materials Ltd. ('NEO' or the 'Company') (TSXV: NBM) (OTC: NBMFF), a low-cost silicon anode materials developer that enables longer-running, rapid-charging lithium-ion batteries, is pleased to announce the closing of the first tranche (the 'First Tranche') of a non-brokered private placement (the 'Offering') through the issuance of 400,000 units (each, a 'Unit') at a price of $0.50 CAD per Unit (the 'Offering Price') for aggregate gross proceeds of $200,000 CAD. Each Unit consists of one common share of the Company (each, a 'Common Share') and one non-transferable Common Share purchase warrant (each, a 'Warrant'). Each whole Warrant will be exercisable to acquire one Common Share of the Company at an exercise price of $0.75 CAD for a period of 24 months from the closing date of the Offering. The use of proceeds will be allocated towards (i) scaling-up silicon battery research and development and production for large-scale battery manufacturing and testing, (ii) purchases of key manufacturing equipment, and (iii) working capital and general corporate overhead. In connection with the Offering, the Company paid to the finders: (i) an aggregate cash commission of $14,000 CAD, and (ii) 28,000 non-transferable warrants of the Company exercisable at an exercise price of $0.50 CAD for a period of 24 months from the closing date of the Offering. The Units have been offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Ontario Securities Commission Rule 72-503 – Distributions Outside Canada ('OSC 72-503'), and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions. The Offering is not a Related Party Transaction as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101') and therefore is not subject to TSXV Policy 5.9. The Offering is subject to final acceptance of the TSXV. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act') or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities law, or an exemption from such registration requirements is available. NEO Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics, and energy storage systems. With a patent-protected, low-cost manufacturing process, NEO Battery enables longer-running and ultra-fast charging batteries compared to existing state-of-the-art technologies. The Company aims to be a globally-leading producer of silicon anode materials for the electric vehicle and energy storage industries. For more information, please visit the Company's website at: On Behalf of the Board of DirectorsSpencer HuhDirector, President, and CEO For Investor Relations, PR & More Information:info@ T: +1 (437) 451-7678 This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock prices; the general global markets and economic conditions; the possibility of write-downs and impairments; the risk associated with the research and development of advanced and battery-related technologies; the risk associated with the effectiveness and feasibility of technologies that have not yet been tested or proven on commercial scale; manufacturing process scale-up risks, including maintaining consistent material quality, production yields, and process reproducibility at a commercial scale; compatibility issues with existing battery chemistries and unforeseen the risks associated with entering into and maintaining collaborations, joint ventures, or partnerships with battery cell manufacturers, original equipment manufacturers, and various companies in the global battery supply chain; the risks associated with the construction, completion, and financing of commercial facilities including the Windsor and South Korean facilities; the risks associated with supply chain disruptions or cost fluctuations in raw materials, processing chemicals, and additive prices, impacting production costs and commercial viability; the risks associated with uninsurable risks arising during the course of research, development and production; competition faced by the Company in securing experienced personnel and financing; access to adequate infrastructure and resources to support battery materials research and development activities; the risks associated with changes in the technology regulatory regime governing the Company; the risks associated with the timely execution of the Company's strategies and business plans; the risks associated with the lithium-ion battery industry's demand and adoption of the Company's silicon anode technology; market adoption and integration challenges, including the difficulty of incorporating silicon anodes within battery manufacturers and OEMs systems; the risks associated with the various environmental and political regulations the Company is subject to; risks related to regulatory and permitting delays; the reliance on key personnel; liquidity risks; the risk of litigation; risk management; and other risk factors as identified in the Company's recent Financial Statements and MD&A and in recent securities filings for the Company which are available on Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued R&D and commercialization activities, no material adverse change in precursor prices, development and commercialization plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations, research and development, and commercialization plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. Neither 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 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-05-2025
- Climate
- Yahoo
Soaking storm system to impact Minnesota early this week
The active weather pattern now gripping the country will bring steady rain to Minnesota Monday and Tuesday. "Showers arrive Monday and continue Tuesday with the highest amounts favoring southern Minnesota. A few thunderstorms are possible, but no severe weather is expected," the National Weather Service says. According to the NWS, the best chance for soaking rain will be in western and southern Minnesota, near the Interstate 90 corridor. The chances lower north of Interstate 94. Rain should begin Monday morning in southwestern Minnesota, leaving the Twin Cities mostly dry until later in the day. However, the rain will ramp up in coverage throughout the day Monday, and likely continue raining until Tuesday night. Sign up for our BREAKING WEATHER newsletters The NBM model (National Blend of Models) does a nice job showing rain potential, with the highest amounts — 1.5 to 2 inches — in far southern Minnesota. However, we can't throw the other models out just yet. The European model goes big, with totals of 2-4+ inches over a very large area, including the Twin Cities, Mankato and Rochester. The NAM model is showing signs of agreeing with the Euro. On the flip side, the Canadian model leaves the Twin Cities mostly dry.
Yahoo
10-02-2025
- Climate
- Yahoo
Colorado Ski Resorts Expecting 1-2 Feet of Snow Ahead of Presidents' Day Weekend
A pair of colder systems this week will bring periods of light to moderate snowfall midweek, followed by a stronger round of heavy snow toward the end of the week and into the weekend. Temperatures will plunge across much of Colorado with the midweek storm, supporting notable mountain accumulations and a few lighter snow events. By late week, a surge of Pacific moisture should fuel widespread heavy snowfall over the southern and central mountains, with lighter but still appreciable snow reaching northern ranges as snow showers will continue to linger in the southwest mountains into Monday evening. Overall amounts from this initial weak disturbance remain minimal, generally an inch or two at most, while the valleys see little to no precipitation. Cool air follows, though higher terrain breezes will pick up slightly, creating a brisk environment across exposed ridges.A more substantial wave arrives late Tuesday into Wednesday, drawing frigid air southward across Colorado. Snow should begin Tuesday afternoon over the northern mountains, then spread across the central and southern ranges into Tuesday night. Accumulations of several inches are anticipated in the mountains, with snowfall persisting through Wednesday morning before gradually tapering off. Snow levels will easily drop to valley floors due to the cold airmass, and the gusty winds accompanying this system may enhance snowfall near the Continental Divide. In the wake of this midweek storm, temperatures will run well below seasonal averages Wednesday and Thursday, with overnight lows dipping into the single digits or below zero in some spots. Below is the NBM snowfall projection for the first storm, which overall feels about right: A much stronger system takes aim at the state from late Thursday through Saturday, carrying abundant Pacific moisture. This setup should favor heavier snowfall for the southern and central mountains, where totals may reach or exceed a foot and a half. Northern ranges will likely see more moderate amounts, though still enough to freshen up slopes heading into the weekend. Another minor wave may brush northern Colorado late Sunday or Monday, but at this point looks to deliver only lighter accumulations. Beyond the weekend, a continued unsettled pattern could keep temperatures near or slightly below average, with additional rounds of snowfall possible next week. Below is the latest ECMWF ensemble hinting at additional storminess rolling into Colorado Monday/Tuesday of next week: Wolf Creek – 18–33' total (2–4' Tue (02/11) – Tue night (02/11) + 16–27' Thu night (02/13) – Fri night (02/14) + 0–2' Sat (02/15))Crested Butte – 14–25' total (1–3' Tue night (02/11) + 13–22' Thu (02/13) – Sat (02/15))Steamboat – 11–24' total (2–5' Tue (02/11) – Tue night (02/11) + 8–15' Thu night (02/13) – Sat night (02/15) + 1–4' Sun night (02/16) – Mon (02/17))Snowmass – 12–23' total (2–5' Tue night (02/11) + 10–18' Thu night (02/13) – Sat (02/15))Telluride – 10–19' total (1–3' Tue night (02/11) + 9–16' Thu night (02/13) – Sat (02/15))Vail/Beaver Creek – 8–16' total (2–5' Tue night (02/11) + 6–11' Fri (02/14) – Sat night (02/15))Winter Park – 7–13' total (2–4' Tue night (02/11) + 5–9' Fri (02/14) – Sat night (02/15))Loveland/Arapahoe Basin – 5–11' total (1–3' Tue night (02/11) + 3–6' Fri (02/14) – Fri night (02/14) + 1–2' Sat (02/15))Copper Mountain/Breckenridge – 3–7' total (1–2' Tue night (02/11) + 2–5' Fri (02/14) – Fri night (02/14))Monarch – 3–6' Fri (02/14)Be the first to read breaking ski news with POWDER. Subscribe to our newsletter and stay connected with the latest happenings in the world of skiing. From ski resort news to profiles of the world's best skiers, we are committed to keeping you informed.
