LONDON, UK: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, has signed a second MOU (memorandum of understanding) with a company incorporated in Kazakhstan to evaluate the potential acquisition of two oil development assets. The Seller holds a 100% interest in the two contiguous oil development assets located in…
Trifast Plc appoints Iain Percival as new Chief Executive Officer
LONDON, UK: Trifast Plc announced today that Iain Percival is to be appointed Chief Executive Officer and will join the Main Board with effect from 20 September 2023. Founded in East Sussex in 1973, Trifast Plc is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings and Category ‘C’…
TotalEnergies, Petrobras and Casa dos Ventos will explore together business opportunities in renewables
PARIS, FRANCE: TotalEnergies, Petrobras and Casa dos Ventos Holding signed a Memorandum of Understanding to evaluate perspectives and joint opportunities in renewable energy and low-carbon hydrogen in Brazil. This agreement will enable the three companies to jointly study opportunities of investment and offtake in onshore wind, offshore wind, solar and low-carbon hydrogen in the country,…
U.S. Auto Workers union launches strikes at Ford, GM and Stellantis plants in historic labor action
The United Auto Workers union (UAW) has started simultaneous strikes at three assembly plants owned by the “Detroit Three” automakers – Ford, General Motors (GM) and Stellantis – on Friday morning, in what is seen as the most ambitious U.S. industrial labor action in decades. The strikes, which involve about 12,700 workers, will affect the…
OzAurum Resources acquires lithium project in Brazil
SYDNEY, AUSTRALIA: OzAurum Resources Ltd has entered into a binding term sheet to acquire the Linopolis Jaime hard rock Lithium project in the State of Minas Gerais, Brazil (Project). CEO and Managing Director, Andrew Pumphrey, commented: We believe this is an ideal opportunity for the Company to acquire strategic lithium projects in addition to the…
Trigg Minerals acquires gold and base metal project in Queensland
SYDNEY, AUSTRALIA: Trigg Minerals Limited (ASX: TMG), a mineral exploration company with a sulphate of potash (SOP) project in Western Australia, has announced that it has signed a binding agreement to acquire 100% of Rush Resources Limited, a mineral explorer with an advanced gold and base metal project in Queensland. The acquisition will give Trigg…
VHM announces new Chairman and CEO as part of strategic refresh
SYDNEY, AUSTRALIA: VHM Limited, a rare earth and mineral sands company, has announced a leadership change as part of its strategic refresh. Mr Ian Smith will become the new Chairman and Mr Ron Douglas will take over as Executive Director and interim CEO. The outgoing Chairman, Mr Don Runge, and the Managing Director, Mr Graham…
SBM Offshore and MHI sign partnership agreement for FPSO CO2 capture solution
AMSTERDAM: SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) announced the signing of a Partnership Agreement that will offer a CO2 capture solution for Floating Production Storage and Offloading vessels (FPSO) as they are producing oil and gas from offshore reservoirs. The agreement follows a successful engineering and design study between the companies demonstrating the…
Patronus AI launches automated evaluation and security platform for LLMs, raises $3M
Patronus AI, a New York-based startup that develops an automated evaluation and security platform for large language models (LLMs), today announced the launch of its platform and the closing of a $3 million seed funding round. The round was led by Lightspeed Venture Partners, with participation from Factorial Capital, the CEO of Replit Amjad Masad,…
Rockfire Resources to buy two gold and silver companies in Dubai for $20 million
LONDON, UK: Rockfire Resources plc, a UK-based exploration company, has announced a deal to buy two cash-generating and profitable companies in Dubai that are involved in gold and silver refining and trading. The deal is worth USD$20 million and is subject to shareholder and regulatory approvals. The two companies are Emirates Gold DMCC and Emperesse…
Quartix Technologies has acquired Konetik Deutschland GmbH for £3.4 million
LONDON, UK: Quartix Technologies plc, a leading supplier of subscription-based vehicle tracking systems, announced that the acquisition of Konetik Deutschland GmbH, the owner and developer of the software utilised in Quartix’s EVolve electric vehicle product has now completed. Konetik has operations in Berlin and Budapest. The total consideration payable is €3.9m (c.£3.4m), all payable in…
Parade raises $17M to automate freight booking with AI
Parade, a San Francisco-based startup that provides a capacity management platform for freight brokers, announced today that it has raised $17 million in a funding round led by I Squared Capital, a private equity firm that specializes in global infrastructure investments. The funding round also saw participation from existing and new investors, including Menlo Ventures,…