Latest news with #Vancouver-based
Fashion United
8 hours ago
- Business
- Fashion United
Lululemon to cut 150 corporate jobs, price increases expected
Canadian athleisure brand Lululemon Athletica has said it is planning to cut around 150 corporate jobs as it looks to change its organisational structure. Employees within store support centres are to be impacted, the company confirmed to Canadian press in a statement. 'As we continue to deliver on our strategy, we regularly assess our business operations to ensure we are well-positioned for the future,' a Lululemon spokesperson told CBC News. 'Following a recent review, we have decided to evolve some aspects of our organisational structure to operate with more agility and further invest in growth.' Lululemon had already made a series of layoffs in 2024 when it closed its US distribution centre. This had followed similar job cuts in 2023, upon the discontinuation of its tech-forward fitness product, Mirror. Alongside job cuts, the brand is further preparing to strategically increase prices to mitigate impact from US tariffs, which have particularly taken aim at Asian countries like China, a key market for Lululemon. The company announced such plans in its first quarter financial results, in which it noted that any increases to product prices would be modest and will only apply to a select number of items. For the first quarter, Lululemon reported a 7 percent uptick in revenue to 2.37 billion dollars due to the opening of new stores. Despite solid revenue growth, however, the Vancouver-based brand lowered its profit forecast for the current year in view of available figures and current market conditions.
Cision Canada
9 hours ago
- Business
- Cision Canada
METALLIS CLOSES $1,500,000 NON-BROKERED PRIVATE PLACEMENT
VANCOUVER, BC, June 20, 2025 /CNW/ - Metallis Resources Inc. (TSXV: MTS); (OTCQB: MTLFF), (FSE: 0CVM) (the "Company" or "Metallis") announces the closing of its non-brokered private placement (the "Financing"). Details announcing the Financing can be found in the Company's previous news releases dated May 22 nd and June 6 th, 2025. Total proceeds from the Financing are $1,500,000, resulting in the issuance of 9,375,000 units at a price of $0.16 per unit. Each unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share at a price of $0.26 per share for a 3-year period. Proceeds from the Financing will be used for field exploration work at the Company's Greyhound and Kirkham properties and for general corporate purposes. All shares issued on closing are subject to a regulatory trading hold period expiring four months plus one day from date of issuance. Finder fees of $42,720 along with 267,000 finder's warrants, also exercisable at a price of $0.26 per share for a 3-year period, were paid to registered finders. About Metallis Metallis Resources Inc. is a Vancouver-based company focused on the exploration for gold, copper and silver on its flagship 100%-owned Kirkham Property in Canada, situated in northwest British Columbia's Golden Triangle, and on its Greyhound Property, a silver, gold and antimony target in Idaho, USA. Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on the OTCQB Exchange, and 0CVM on the Frankfurt Stock Exchange. With this Financing, the Company has 84,680,003 common shares outstanding. On behalf of the Board of Directors: /s/ "Fiore Aliperti" Chief Executive Officer, President, and Director CAUTION REGARDING FORWARD-LOOKING STATEMENTS This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements because of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities' regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this news release.
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
‘Our goal was to create kind of a new niche'
There are 32 food options at Tavern on King Edward — more if you count the items on the dog menu. The new restaurant, located at 1760 Sargent Ave., is advertising its focaccia pizzas, prawn sushi hand rolls and chicken tenders. But customers who bring their four-legged friends to the dog-friendly patio will be able to order their pet a fresh-made rice-and-vegetable dish. (Add chicken breast, burger patty or steak for an additional fee.) 'Other places have dog patios,' Chris Chang said. 'We just thought we would take it to the next level.' Chang is vice-president of operations at the Tavern Collective, a new dining brand owned and operated by Vancouver-based Northland Properties Corp. MIKE DEAL / FREE PRESS Chris Chang is vice-president of operations at the Tavern Collective, a new dining brand opening a restaurant at 1760 Sargent Ave. Tavern on King Edward will celebrate its grand opening, Wednesday. MIKE DEAL / FREE PRESS Chris Chang is vice-president of operations at the Tavern Collective, a new dining brand opening a restaurant at 1760 Sargent Ave. Tavern on King Edward will celebrate its grand opening, Wednesday. Tavern on King Edward — which celebrates its grand opening Wednesday — is the chain's second restaurant, after a Calgary location that opened in December. It's situated at the corner of King Edward Street and Sargent Avenue, next to the Sandman Signature hotel. Northland Properties is the parent company of multiple hotel chains and restaurants, including Denny's and Shark Club. Chang said the company chose Winnipeg as the home for the second Tavern restaurant because of the 'strong sense of community' in the city. (The restaurant is not affiliated with the Tavern United chain, he added.) 'It felt like a very diverse cultural scene (in Winnipeg),' Chang said. 'We learned that it had a pretty amazing food scene because we already have some brands here.' 'Other places have dog patios … We just thought we would take it to the next level.'–Chris Chang The 6,300-square-foot space includes seating for 150 guests, with an additional 24 seats on the patio. It's an open, inviting space adorned with plants inside the entrance and at the bar, and a steampunk-inspired aesthetic throughout. There are also plenty of portraits of JD, the French bulldog that serves as the Tavern Collective's mascot. There are three arcade games in a small room at the back and Chang said guests can expect to hear a mix of music from the 1980s, '90s and the early aughts — with corresponding music videos on display on the TVs. (Sports will be broadcast whenever local teams are playing.) 'Our goal was to create kind of a new niche, where you walk in and you feel the comfortability of your neighbourhood pub, social house or bar, but you get the elevated service and offering — what we call premium casual, but without premium casual prices,' Chang said. '(It's) affordable without sacrificing experience and execution.' In addition to the children's menu and weekend brunch options, there's an extensive drinks list that includes a variety of mocktails. The restaurant will feature a daily happy hour and late-night menu from 2 p.m. to 5 p.m. and 9 p.m. to close, including 20 per cent off select food items and $2-$3 off signature drinks. Chang believes the standard of hospitality people expect from the restaurant industry has fallen as a result of the COVID-19 pandemic — and Tavern on King Edward aims to rectify that. MIKE DEAL / FREE PRESS Tavern on King Edward's 6,300-square-foot space includes seating for 150 guests, with an additional 24 seats on the patio. MIKE DEAL / FREE PRESS Tavern on King Edward's 6,300-square-foot space includes seating for 150 guests, with an additional 24 seats on the patio. 'One of the big things we wanted to do was bring back true hospitality,' he said. 'When guests come in here, they'll see we truly understand without them there is no us.' One unique offering from the restaurant is a biscuit for dogs made by Winnipeg's Planet Pup Doggy Bakery. A dollar from each biscuit sold will be donated to local animal charities, Chang said. Bakery owner Deb Kurdydyk said Tavern Collective approached her 'out of the blue' to create the treats and she was happy to oblige. 'I've done different corporate work but never for restaurants,' Kurdydyk said. 'This is a first.' Monday Mornings The latest local business news and a lookahead to the coming week. Tavern on King Edward hosted a soft opening on Monday and Tuesday for friends and family of the restaurant's 60 employees. Chang said he was extremely pleased with how it went and is looking forward to hosting more guests. 'We're super excited to actually be here in Winnipeg and get the doors open and welcome everyone,' he said. 'When people come in here they can expect for their expectations to be exceeded.' Tavern on King Edward will be open seven days a week: 11 a.m. to midnight Monday through Thursday; 11 a.m. to 1 a.m. Friday; and 10 a.m. to 1 a.m. Saturday and Sunday. Per a news release, the Tavern Collective has future expansion plans underway with 'eyes set on Ontario and other major Canadian cities.' Aaron EppReporter Aaron Epp reports on business for the Free Press. After freelancing for the paper for a decade, he joined the staff full-time in 2024. He was previously the associate editor at Canadian Mennonite. Read more about Aaron. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
News.com.au
2 days ago
- Business
- News.com.au
The rage of war has placed these military metals in high demand
Metals used in munitions and military technology are in the spotlight as war rages in the Middle East and Ukraine Tungsten, tin, antimony, rare earths and beryllium among the key commodities to follow These ASX stocks are moving to stake out a position in critical minerals markets The rise of fresh tensions in the Middle East has put the spotlight on the minerals needed for military operations. The wars in Ukraine and Gaza continue to rage, and even escalate, while the outbreak of hostilities between Israel and Iran is leading to fears of a much larger regional, or even global, conflict. While the first few days of the conflict have boosted the price of oil, it's also a sad fact that military operations are metals intensive. Even without an additional conflict, US President Donald Trump's 'Big Beautiful Bill' will see the country's defence spending hit US$1 trillion next year for the first time. In a recent presentation in Toronto, Hallgarten + Company analyst Christopher Ecclestone noted that most of the combatants in World War I and, to a lesser extent, World War II, had all the metals and minerals they needed domestically – which is not the case today. He also pointed out that war materials are exceedingly high-tech, both in composition and metal inputs, adding that rare earths 'weren't a thing' in WWII. While loads of different metals, including aluminium and titanium, are needed for defence applications, Ecclestone listed the 'headline' military metals as tungsten, antimony, rare earths, tin and beryllium. While there aren't any options on the ASX for beryllium, we have a look at some of the juniors with near-term production potential in the other four metals. Tungsten Vancouver-based investment firm Mission Critical Metals, of which Ecclestone is also CEO, describes tungsten as the key military metal, due to its use in making bulletproof vehicles, armoured tanks, armour-piercing rounds, high-speed cutting tools, and rocket and aircraft parts. Mission says that given the turnaround in the tungsten price is relatively recent, the space is yet to attract many new players. Outside of the ASX's two listed tungsten producers, Almonty Industries (ASX:AII) and EQ Resources (ASX:EQR), there are a couple of other hopefuls. Tungsten Mining (ASX:TGN) is considering an early production pathway for its Hatches Creek project in the Northern Territory. Last month, the company reported a maiden inferred resource of 12 million tonnes at 0.17% tungsten trioxide, which will feed into a scoping study. Preliminary metallurgical studies have successfully produced a tungsten concentrate grading at 50% tungsten trioxide. Meanwhile, Rumble Resources (ASX:RTR) discovered a tungsten sweetener at its Western Queen gold project in Western Australia last year. High-grade tungsten mineralisation remains open in all directions with a maiden resource to be reported in the September quarter. The company will then complete metallurgical testwork to determine the quantum of the tungsten revenue stream and incorporate it into the Western Queen South mining schedule. Antimony Antimony is used in military applications including fighter jets, military primers, night vision goggles, lasers, military detonators and military smoke agents. There's been an explosion of ASX companies seeking exposure to antimony due to a price surge driven by shortages. Larvotto Resources (ASX:LRV) is one of the more advanced companies globally, with its Hillgrove project in New South Wales due to start production next year. Nearby, Trigg Minerals' (ASX:TMG) Achilles project contains the Wild Cattle Creek deposit, with a resource of 1.52Mt at 1.97% antimony containing 29,902 tonnes of antimony, which the company says makes it Australia's highest grade primary antimony resource. Trigg also recently boosted it antimony portfolio with the addition of the Antimony Canyon project in Utah, which has a non-JORC resource of 12.7Mt at 0.79% antimony for 100,300t of contained antimony. Felix Gold (ASX:FXG) could be in production the soonest from its Treasure Island project in Alaska. The company is working towards small-scale antimony production by the end of this year from the Scrafford deposit, which previously produced up to 58% antimony. Also in Alaska, Nova Minerals (ASX:NVA) has applied to the US Department of Defense (DoD) for funding to potentially fast track antimony production from its Stibium deposit. Larvotto and Trigg have also reported tungsten resources, while Resolution's new project also has tungsten potential. Rare Earths Rare earths are essential to the defence sector, making the development of new supply chains a matter of national security for countries including the US. Neodymium and praseodymium permanent magnets are used in F-35 fighter jets and unmanned aerial vehicles, while lanthanum is used in night vision goggles and terbium is used in naval sonar systems. Shares in Dateline Resources (ASX:DTR) have exploded recently after Trump tweeted his support for the Colosseum rare earths project in California. Last week, Dateline confirmed further public support from members of the Trump Administration, including Secretary of the Interior Doug Burgum. Locksley Resources (ASX:LKY) is a more recent entrant to the space, but its Mojave project in California sits right next to the US' only operating rare earths mine, MP Materials' Mountain Pass, and is also prospective for antimony. This week, Locksley Resources launched strategic collaboration initiatives, targeting engagement with US agencies, national laboratories, US universities and downstream technology partners. In Australia, Victory Metals (ASX:VTM) recently received a letter of interest from the Export-Import Bank of the United States for up to US$190 million in project financing for the development of the North Stanmore heavy rare earths project in WA. The project is set to produce both heavy and light rare earths, as well as gallium and scandium as by-products. VHM (ASX:VHM) is targeting rare earths and mineral sands production from its Goschen project in Victoria in late 2026 after receiving a mining license for the project recently. The company is working towards a final investment decision in the December half. Tin According to the DoD, tin is used in many defence applications, such as soldering to enable electrical connections in semiconductors, high-end capacitors, and other electronic components in nearly all military hardware. There's not a lot of tin exposure on the ASX outside of long-time producer Metals X (ASX:MLX). Metals X-backed Elementos (ASX:ELT) could be next in line after releasing a definitive feasibility study for its Oropesa project in Spain in April. The company is now working on permitting and financing ahead of a making a final investment decision. Stellar Resources (ASX:SRZ) says its Heemskirk tin project in Tasmania has the potential to be a global top 10 producer. A prefeasibility study is due in the second half of this year, with the company expected to move straight into a DFS. Sky Metals (ASX:SKY) holds the advanced Tallebung project in NSW, a historical tin producer. The company is advancing a bulk sample metallurgical program to optimise the process flowsheet and produce marketable tin concentrates ahead of offtake marketing. Earlier stage explorers include Brazilian focused Australian Mines (ASX:AUZ) and Perpetual Resources (ASX:PEC), who are trying to find new deposit in a waning tin power which almost 40 years ago supplied 22% of the world's primary tin.
Yahoo
2 days ago
- Entertainment
- Yahoo
Hotline TNT's Will Anderson Talks New York Band's Growing Success: ‘I Feel Like I'm About to Blow Your Minds'
Hotline TNT has become synonymous with the burgeoning music scene in the Queens neighborhood of Ridgewood, New York. But for the indie-rock band's latest album, Raspberry Moon, it decamped far from the city to Appleton, Wisconsin. 'It was a full circle for a lot of reasons,' frontman and onetime Wisconsinite Will Anderson tells Billboard from his Ridgewood home, his pet chihuahua perched on his bed behind him. 'Being back in my home state definitely was part of the appeal.' More from Billboard Young Singer Wins Over 'AGT' Judges With Ed Sheeran Cover Ozzy Osbourne's DNA Will Be Sold in Limited Edition Liquid Death Cans Kneecap Launch London Billboard Takeover Ahead of 'Witch-Hunt' Court Appearance For more than a decade, Anderson, 36, has been something of a transcontinental indie-rock journeyman: After one of his former bands, the Vancouver-based Weed, earned some buzz in the mid-'10s, he kept making music as a hobby in Minneapolis – while he pursued a graduate degree to become a guidance counselor – before eventually landing in New York City shortly before the pandemic began. Anderson had already been releasing music under the Hotline TNT moniker for a couple years, but the project blossomed as live music got back up and running in 2021. Fans quickly gravitated to Hotline TNT's debut album, 2021's Nineteen in Love, and Anderson grew his following by picking up coveted support slots for buzzy indie bands like Snail Mail, Momma and Horsegirl. But when Hotline TNT made its Third Man Records debut with its second album, Cartwheel, in late 2023, it exploded. The set of anthemic shoegaze and power-pop gems earned raves from indie-rock tastemakers and catapulted Hotline TNT to the forefront of the genre – even if Anderson wryly shrugs off the success as 'right place, right time.' Which brings the story back to Appleton. When it came time to make another record, Anderson chased down Amos Pitsch, best known for fronting the punk band Tenement, to record it with him at his studio in the Wisconsin town. And in a first for Hotline TNT, whose studio recordings had previously been the work of Anderson alone, the band's touring quartet made the record together, across two sessions totaling a week. So while Raspberry Moon mostly sounds like the Hotline TNT fans already know and love, it pulses with the energy that only a full band can bring to the studio – and has a smattering of adornments, courtesy of Pitsch, that differentiate it from Hotline's previous work. For Anderson, all these small changes added up. 'If you get into a time machine and change one little thing, it could have ripple effects, you know?' he says. 'That's the whole thing. This is very much a snapshot of what happened in this timeline.' How did coming up with other young bands from the region, like Snail Mail and Momma, help Hotline TNT break out a few years ago? Early on, when we played with Snail Mail and Momma, that was a pretty important cosign that made other people took notice – and this was kind of before even we were on streaming services. You initially released exclusively on YouTube, as one long track. Why? It comes up over and over again: 'Why did you do that?' I push back against the narrative that it wasn't accessible – because it was on YouTube. This is, like, the number one most accessible free platform; you don't have to have an account, anything like that. Yeah, it wasn't presented in the way that people are used to consuming music – like, 'I want my Spotify playlist' or whatever – but it's still there. You can still listen to it anytime you want, for free. The choice was aesthetic more than anything. I wanted to present the album in a way that I had curated, basically, which was 'I want the songs to be listened to in this order.' I kind of liked the idea of making it a little bit harder for people to skip around to their favorite songs. Then you signed with Third Man Records. How have they supported you, with and now ? Well, that was the end of the YouTube strategy. [Laughs.] No, they've been great. As you can probably guess, I was pretty hesitant to have anyone besides myself handling the release strategy – or, I mean, there wasn't really a strategy [before], it was just like, I'm doing things the way I want to do it. Getting involved with, for lack of a better word, music industry people, has been a growing process for me. But, overall, they've made it pretty painless. They let me handle the creative side of things: 'Cool, here's a budget. Go do your thing.' I think it's gone pretty well. I love working with them. I hope we can keep doing it for a long time. You're managed by Rusty Sutton and Libby Webster of The Glow Management, which also represents Wednesday and MJ Lenderman – and in Raspberry Moon's liner notes, you thank 'everybody in the Wendesday and Lenderman extended universe.' When did you start working with Rusty? Right before Cartwheel came out. We met him through playing with Jake [Lenderman] and [Wednesday's] Karly [Hartzman]. We're definitely a different lane than those guys, but hopefully we can carve our own path. When I need Rusty's help, he's there for me. He's guided me through a lot of difficult situations, and I appreciate him a lot. You did a big tour supporting Wednesday in early 2024, right after dropped. How did you adjust to playing bigger rooms? That's been easy for me. Not to toot my own horn, but every time we play a big show, I feel like I thrive in those moments. Especially if we're a support band, I feel like I'm like, 'You guys don't know who we are. I'm about to blow your minds. I'm gonna change your night. We're gonna be way louder than the headliner.' If there's heads to convert, that's kind of my favorite setting. I want us to be the headliner, don't get me wrong. But in the meantime, this is how we're gonna play in front of 1,000 people – I have a bit of an antagonist in me that's like, 'You don't think we're gonna be capable, but we are. So, check this out.' Tell me about the decision to record as a full band, rather than on your own. It was just a matter of circumstance, really. It's harder than one might think to find people who are down to tour as much as we do; these four people, including me, were down to do it. They deserve to be a part of every aspect of the band, whether it's recording or songwriting or touring. It's not fair to be like 'Alright, guys, thanks for your work. Now I'm gonna do all the creative stuff with the record.' What do Amos and Tenement mean to you, and what did he add to this record? I met Amos [when he was] playing in a different band, Technicolor Teeth. They were kind of my favorite live band that I had ever seen. I saw them twice, and they blew my mind both times. Tenement I didn't come to till later, but I love all the Tenement records and everything Amos has done. He's got the Midas touch, in my opinion. I wanted to see what happened when he got involved. After we finished tracking everything, I told Amos, 'I want you to go through the whole album and add whatever you hear, on your own.' So a lot of the stuff you hear on this album, we weren't even in the studio. We obviously wrote all the songs and recorded all the guitars and drums and everything, but then, any piano you hear, vibraphone, there's some soaring vocal harmonies – that's all Amos. I kind of wanted him to be like a fifth member of the band for this recording project, and I think he delivered. What's next for Hotline TNT? A lot of touring. Just started demoing for the new album. I know it sounds like, 'Oh, you're already back in the studio?' Like, yeah. I mean, what else are we gonna do? That's the job. It'll take a while for us to have another album, for sure, but I'm already thinking about it and excited about it – but I'm excited to see how this one goes. What's been on Hotline TNT's playlist? Currently, we're all really hooked on this band The Tubs. Really obsessed with both their albums, but the new one [2025's Cotton Crown] especially captured our attention in a major way. We listen to a lot of ML Buch, a lot of Daryl Johns. And then all the classics: Red House Painters, Teenage Fanclub, early My Bloody Valentine. Best of Billboard Chart Rewind: In 1989, New Kids on the Block Were 'Hangin' Tough' at No. 1 Janet Jackson's Biggest Billboard Hot 100 Hits H.E.R. & Chris Brown 'Come Through' to No. 1 on Adult R&B Airplay Chart
