NUR-SULTAN, KAZAKHSTAN: JSC National Atomic Company “Kazatomprom” (Kazatomprom) announced that it has entered into a definitive commercial agreement for the supply of natural uranium with Dioxitek S.A. of Argentina. In February 2020, Kazatomprom was successful in winning Dioxitek’s public tender to supply natural uranium concentrate for the needs of the Argentinian nuclear power industry. This…
Anglo American Platinum ramps up ACP plant to restart refined PGM production
LONDON: Anglo American Platinum, a global mining company, has safely and successfully completed the repair of the Anglo Converter Plant (ACP) Phase B unit. The ACP and full downstream processing operations are completing a safe ramp-up and expect to be fully operational from 12 May 2020. Force majeure to suppliers of concentrate will be lifted…
Norwegian Air Shuttle nearly completes recapitalization process
OSLO: Norwegian Air Shuttle ASA has received strong support from lessors for a minimum conversion to equity of USD 730 million (excluding conversion under the so-called power-by-the-hour arrangement), up from the previously announced USD 550 million. The conversion is supported by a significant number of lessors and the Company continues to discuss with other of…
Nordic Nanovector shortens its executive management team
OSLO: Nordic Nanovector ASA has announced changes to its Executive Management Team. As a result of the cost-saving initiatives announced on 2 April 2020, the Board of Directors of Nordic Nanovector has restructured the senior management team. The restructuring has resulted in the number of executives being reduced from nine to seven. Malene Brondberg, Vice…
Trichome Financial Platform launches Trichome Special Opportunities and Trichome Advisory Partners
TORONTO: Trichome Financial Corp. has announced the launch of Trichome Special Opportunities (TSO), a private equity unit focused on providing strategic capital to companies operating across the cannabis value chain that are experiencing financial and/or operational difficulties. Howard Steinberg, a director of the Company with over 25 years of restructuring, private equity and private credit…
Inner Spirit Holdings receives retail operator licence for Ontario market
CALGARY: Inner Spirit Holdings Ltd., a Canadian company that has established a national network of Spiritleaf retail cannabis stores, has secured a Retail Operator Licence for corporate-owned Spiritleaf retail cannabis stores and has met Ontario’s eligibility criteria for operating cannabis outlets in the province. The license was granted by the Alcohol and Gaming Commission of…
High Tide announces opening of Canna Cabana retail cannabis store in Niagara Falls
CALGARY: High Tide Inc, an Alberta-based retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, announced that the Canna Cabana retail cannabis store located at 5731 Victoria Avenue in Niagara Falls, Ontario (the “Niagara Falls Store”) will be opening on Thursday, May 7, 2020 in compliance with…
Primo Nutraceuticals signs definitive agreement with Beauty Kitchen
VANCOUVER: Primo Nutraceuticals has signed a definitive agreement with Heather Marianna LLC (Beauty Kitchen). The signing of the definitive agreement gives Primo 25% ownership in Marianna Naturals Corp. Beauty Kitchen is a company that manufactures fresh handmade beauty care, personal care and cosmetic products. It was born from the hugely popular Beauty Kitchen YouTube Series,…
Sasseur REIT reports RMB 47.2 million in first-day sales for annual spring sales event
SINGAPORE: Sasseur Asset Management Pte. Ltd. (SAMPL), in its capacity as manager of Sasseur Real Estate Investment Trust, announced that the four outlet malls in China under Sasseur REIT’s portfolio have recorded strong first-day sales during its annual Spring Sales period in April. The Spring Sales events this year started around the third or fourth…
Kazatomprom provides operations and trading update for the first quarter of 2020
ASTANA: JSC National Atomic Company (Kazatomprom) has announced operations and trading update for the first quarter ended 31 March 2020. This update provides a summary of recent developments in the uranium industry, as well as provisional information related to the Company’s key first quarter operating and trading results and a 2020 guidance update. The information…
Duncan Tait appointed as Group CEO of Inchcape plc
LONDON: Inchcape plc has announced that Duncan Tait will join the Board as Group Chief Executive Officer (Designate) with effect from 1 June 2020 and will assume his full role on 1 July following a period of handover from Stefan Bomhard. Inchcape plc is the leading independent multi-brand Automotive Distributor and Retailer, operating in 33…
IGEA to partner with Acalis for Alz1 wholesale distribution in the US
HOOFDDORP, Netherlands: IGEA Pharma N.V. announced a further extension of the partnership with Acalis by signing an agreement for the wholesale distribution of the Alzheimer’s prevention kit ‘Alz1’ in the US. IGEA and Acalis started to partner on a commercial basis beginning 2020 for exclusive distribution in Middle East and some European and South American…