OSLO: Vow Green Metals AS and Midas Industri AS, a newly formed Norwegian company backed by HitecVision, announced Thursday that they have entered into an agreement for a voluntary tender offer to acquire all outstanding shares in Vow Green Metals at NOK 0.95 per share. The offer represents a 73% premium over Wednesday’s closing price…
IMCD N.V. agrees to acquire TECOM Ingredients S.A.
AMSTERDAM: IMCD N.V., a global leading partner for the distribution and formulation of speciality chemicals and ingredients, has signed an agreement to acquire 100% of the shares in TECOM Ingredients S.A.. Founded in 1996 and headquartered in Molins de Rei, near Barcelona, Spain, TECOM is a recognised distributor of ingredients and additives to the food…
eEnergy, Redaptive partner on £100 million UK energy efficiency projects
LONDON: eEnergy (AIM: EAAS), a net zero energy services provider, has partnered with U.S.-based Energy-as-a-Service firm Redaptive Inc. to support large-scale decarbonization efforts across the United Kingdom, the companies announced. Under the agreement, Redaptive will provide up to £100 million in funding for Redaptive-approved eEnergy projects spanning public and private sector clients. eEnergy will oversee…
Fresnillo divests MAG Silver stake amid Pan American acquisition deal
LONDON: Fresnillo plc has sold the majority of its shares in MAG Silver Corp., citing strategic investment objectives, following Pan American Silver Corp.’s recently announced acquisition agreement with MAG Silver. Fresnillo, a major precious metals producer and operator of the Juanicipio mine, initially held a stake exceeding 9% in MAG Silver as part of its…
Neo Energy names Theo Botoulas as CEO
LONDON: Neo Energy Metals has appointed mining veteran Theo Botoulas as its new chief executive officer and executive director, the company announced Thursday. The move comes as the uranium developer accelerates growth, including its planned acquisition of the Beisa Uranium Project. Botoulas, based in South Africa, brings more than 40 years of experience in mining…
Scott Felder Homes expands presence in North Texas with Olivia Clarke Homes acquisition
AUSTIN: Scott Felder Homes, a leading homebuilder operating in Austin, San Antonio, and Denver, announced Wednesday the acquisition of Olivia Clarke Homes, an award-winning residential builder based in the Dallas-Fort Worth Metroplex. The move marks a strategic expansion for Scott Felder Homes into the competitive North Texas market, enhancing its ability to meet increasing demand…
Hastings Technology Metals forms joint venture with Wyloo for Yangibana rare earths project
PERTH: Hastings Technology Metals has entered a binding agreement with Wyloo Consolidated Investments Pty Ltd. to sell a 60% stake in the Yangibana Rare Earths and Niobium Project, forming a 60:40 unincorporated joint venture (UJV). The deal, announced Friday, aims to accelerate development of the Western Australia-based project while reducing financial risks for Hastings. Key…
Comms Group to acquire TasmaNet for $10 million
SYDNEY: Comms Group Limited (ASX: CCG) announced Friday it has signed a binding agreement to acquire the business and assets of TasmaNet, a Tasmania-based provider of premium communication and managed IT services, in a deal expected to significantly expand its market share and revenue. The acquisition, valued at $10 million ($8.5 million upfront and $1.5…
GameSquare’s Zoned and Fortnite to develop SpongeBob SquarePants-themed games
Zoned, a subsidiary of GameSquare (Nasdaq: GAME), has signed a license agreement with Paramount Game Studios to develop SpongeBob SquarePants-themed games within Fortnite, the company announced Thursday. The partnership builds on a successful initial campaign in December 2024, which introduced Bikini Bottom to thousands of fans and gamers. Paramount sees the expansion as an opportunity…
Rio Tinto to invest $1.2 billion in Isle-Maligne hydroelectric plant modernization
ALMA: Rio Tinto is investing $1.2 billion (CA$1.7 billion) to modernize its Isle-Maligne hydroelectric power plant, marking its largest single investment in hydroelectric assets since the 1950s. The renovation aims to secure the future of low-carbon aluminum production in Quebec’s Saguenay–Lac-Saint-Jean region, ensuring job stability and an efficient, safe, and reliable renewable energy supply for…
Konecranes names Marko Tulokas as President and CEO
HELSINKI: Konecranes has appointed Marko Tulokas as its new president and CEO, effective June 1, the company announced Thursday. Tulokas, 52, will succeed Anders Svensson, who will leave the company on July 19. Until his departure, Svensson will serve as an advisor to ensure a smooth transition. Tulokas currently leads Konecranes’ Industrial Equipment business area and…
Lenovo Unveils ThinkStation PGX: A Compact AI Mini Supercomputer for Developers
Lenovo has officially announced its latest AI mini supercomputer, the ThinkStation PGX, designed to provide developers with a powerful AI workstation right out of the box. Dubbed “a compact, personal AI developer workstation” by Lenovo, the PGX is powered by Nvidia’s GB10 Grace Blackwell Superchip, boasting 128 GB of coherent unified system memory. Performance & Scalability The…