News Hub | News Direct

All Industries


Article thumbnail News Release

Apple Shareholder: Company’s Actions on Human Rights Don’t Match Its Words

NLPC

Ahead of Apple Inc. ’s annual meeting on February 28, National Legal and Policy Center is highlighting a report it has filed with the Securities and Exchange Commission that explains how the iPhone maker’s claims about its respect for human rights fall far short of its real-world engagements and operations. NLPC, a shareholder in Apple, is sponsoring a proposal (No. 8 on Page 97 of the company’s proxy statement ) that asks the company to explain why its actions fail repeatedly to match its statements and policies regarding human rights, especially considering its ongoing pandering to the government of China. The SEC filing builds on the case made in the proposal, with extensive evidence of Apple’s concern for cheap labor and enormous profits, at the expense of the people who buy and make its products under the brutal communist regime. “Over the past ten years, various shareholders have brought at least six different proposals at Apple annual meetings because of its weaknesses when it comes to protecting human rights,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “Why does the Board of Directors have to keep addressing this issue? Because they only pay lip service to it, while their Chinese government business partners constantly violate standards of respect and decency. The U.S. State Department actually calls it genocide.” NLPC’s proposal and SEC filing note the following examples where Apple fails to follow its own proclamations regarding human rights, rendering them empty: Apple removed the New York Times ’s apps from the App Store in China in 2017, and removed apps including HKmap.live and Quartz from its offerings, during the protests in Hong Kong in 2019; The company severely restricted use of its AirDrop wireless filesharing feature on users’ iPhones during protests against Chairman Xi Jinping’s “zero COVID” policies in late 2022; The Beijing Municipal Bureau of Justice said in January 2024 that it had cracked Apple’s encryption and was able to track senders. According to The Epoch Times, “That allows local police to find ‘several suspects’ who use the iPhone feature to transmit files containing what authorities have referred to as ‘inappropriate remarks,’ according to the agency;” According to Reuters, “Apple has started requiring new apps to show proof of a Chinese government license before their release on its China App Store, joining local rivals that had adopted the policy years earlier to meet tightening state regulations.” Perhaps most telling, the tech giant lobbied against the Uyghur Forced Labor Prevention Act when it was up for consideration in Congress. “Apple wants to avoid this embarrassing issue so badly, that the Board asked the SEC to prevent our proposal from being heard by our fellow shareholders, by claiming that they were already addressing the issue,” Chesser added. “Fortunately – even under a presidential administration cozy with both Big Tech and China – the SEC staff followed the facts instead of political bias, and decided to allow our proposal at the annual meeting. “We look forward to explaining to our fellow shareholders why Apple’s carelessness over human rights presents fiduciary and reputational risks to the company.” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

February 13, 2024 10:00 AM Eastern Standard Time

Article thumbnail News Release

PathAI Announces Exclusive Collaboration with Roche Tissue Diagnostics to Advance AI-enabled Interpretation for Companion Diagnostics

PathAI

PathAI, Inc., a leading AI-powered precision pathology company, today announced an expanded and exclusive relationship with Roche Tissue Diagnostics (RTD) that will bring AI-enabled interpretation to companion diagnostics. Building upon the success of their initial partnership announced in October of 2021, this expanded collaboration will provide an integrated and streamlined solution for biopharma sponsors looking to develop AI-enabled companion diagnostics. Under this agreement, PathAI will exclusively work with Roche Tissue Diagnostics (RTD) to develop AI-enabled digital pathology algorithms in the companion diagnostics space. RTD will work exclusively with PathAI for a pre-specified term as the sole external algorithm development company for AI-powered companion diagnostics, while retaining the ability to continue to develop its own algorithms for companion diagnostics. PathAI will retain the ability to freely develop algorithms outside of companion diagnostics. RTD and PathAI will create an integrated CDx assay, plus algorithm development process, to provide biopharma sponsors a seamless solution for AI-enabled companion diagnostics. With the increasing investment in immuno-oncology (IO) and now antibody drug conjugates (ADCs), the need for diagnostic tools that are optimized for patient selection will be critical for development, regulatory, and commercial success. "This collaboration with Roche is a testament to our shared commitment to advancing the field of digital pathology and AI-enabled diagnostics for both drug development and clinical care,” said Dr. Andy Beck, CEO and Co-Founder of PathAI. “High medical value diagnostic products with seamless integration into the laboratory workflow will accelerate the transition to digital pathology as the standard to aid clinicians in diagnosis and biomarker characterization." These co-developed, AI-enabled assays will be commercialized globally through Roche’s navify® Digital Pathology platform. PathAI will continue to distribute its AISight ® Image Management System (IMS), and its broad portfolio of algorithmic products. “As the market leader in companion diagnostics, we strive to continuously bring new innovations in personalized healthcare,” said Jill German, Head of Roche Tissue Diagnostics. “This collaboration with PathAI will allow us to accelerate our ability to meet the demand from biopharma companies looking to develop AI-enabled companion diagnostics, and provide them with a powerful end-to-end solution in the pursuit of precision therapeutics.” To learn more about this partnership, contact PathAI ( BD@PathAI.com ) to organize a meeting. About PathAI, Inc.: PathAI is a recognized leader in the biopharma partnering space, uniquely combining AI-powered pathology solutions with end-to-end central pathology and histology services. The company supports biopharma partners in executing clinical trials where pathology-based endpoints, biomarker classification, and/or superior histology quality are critical to successfully gauging therapeutic efficacy, accelerating drug development for complex diseases. PathAI has already supported multiple Phase 2 clinical trials in NASH, IBD, and breast cancer, as well as oncology neoadjuvant trials, and is now expanding into larger scale global Phase 3 studies, as well as additional indications. PathAI provides a fully integrated approach to clinical trials, enabling pharma partners to leverage the power of AI without the heavy lift of implementation. This helps reduce the impact of challenges associated with clinical trials, including unreliable turnaround times, variable histology, stain or scan/digitization quality, and challenging assessment of histological endpoints. The lab offers all major immunohistochemistry staining platforms, with flexible workflows across different scanners, stains, and biopsy types, which improves the quality of clinical trials. Services include access to PathAI’s extensive network of over 500 US Board Certified pathologists to perform high quality reading with rapid turnaround time in a cost-effective manner, plus seamless integration of PathAI's advanced AI-solutions to ensure high-quality, reproducible results with every scan. PathAI is headquartered in Boston, MA, and manages a CAP/CLIA-certified diagnostics clinical laboratory (formerly known as Poplar Healthcare) – one of the country’s largest anatomic pathology labs – in Memphis, TN. For more information, please visit www.pathai.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

February 13, 2024 10:00 AM Eastern Standard Time

Article thumbnail News Release

DeFi Lending Protocol Dolomite Launches on Polygon zkEVM to Accelerate Ethereum DeFi Money Markets

Dolomite

British Virgin Islands, February 13, 2024 - DeFi lending protocol & decentralized exchange Dolomite has announced its long-awaited launch on Polygon zkEVM, expanding its protocol to one of the largest and most vibrant ecosystems in crypto. Dolomite is launching on Polygon zkEVM with an initial class of basic tokens such as USDC, ETH, WBTC and MATIC, but has plans to rapidly integrate dozens of unique assets on Polygon zkEVM. Ultimately, it hopes to replicate the stunning success it has had on Arbitrum, bring more utility and users to the protocol, while uniting the wider zkEVM ecosystem. Polygon zkEVM mainent beta launched last year, with three key features that set it apart from other networks, including its scalability, security, and its EVM-equivalency, which makes it compatible with other EVM chains. Polygon zkEVM batches blockchain transactions into rollups with zero-knowledge proofs before executing those proofs on the Ethereum chain. By breaking transactions down into smaller chunks of data, it helps to reduce congestion on the Ethereum network and make it faster. The Polygon PoS network is currently the seventh-largest in the industry, with almost $1 billion in total value locked, and it will be able to leverage the technology and financial resources responsible for this success to help the Polygon zkEVM chain grow. So far, considerable progress has been made, with more than 56 projects launching on Polygon zkEVM while still in beta. Dolomite’s architecture pushes the boundaries of what decentralized money markets can do, enabling higher capital efficiency and support for a broader range of assets than was previously possible. Its mission is to build valuable integrations and capture DeFi’s biggest power users, enticing them with the advanced capabilities enabled by its novel design. Backed by some of the biggest venture capital firms in the crypto industry, Dolomite launched on the rapidly growing Arbitrum network, where it has enjoyed considerable success to date. Dolomite quickly emerged as one of Arbitrum’s top lending protocols with the most supported assets, and is well-positioned to become a top lending platform on Polygon zkEVM being one of the first-movers on the protocol. Dolomite is well on the way to doing so, having been featured as one of the top 19 protocols in Polygon Labs’ “ DeFi Unleashed ” campaign, which highlights many of the early adopters building on Polygon zkEVM as the protocol ramps up toward a full release. The DeFi Unleashed campaign will see more than $50K of rewards handed out to users of its participating projects. As one of the early adopters building on Polygon zkEVM, Dolomite will be privy to strong support from Polygon zkEVM developer teams. Whereas it was a fairly late arrival to Arbitrum and thus more reliant on its own strengths, its arrival at a more nascent phase on Polygon zkEVM provides an opportunity for closer collaboration with a fledgling ecosystem and with the team developing software for Ethereum’s leading scaling protocol. Jack Melnick, the Head of DeFi at Polygon Labs, spoke of his excitement about the work done by Dolomite so far: “The team has instantly begun to create network effects as they build integrations for a number of the unique native assets on the chain,” he said in a statement. “Additionally, Dolomite’s Virtual Liquidity system should be a great fit for the modern mechanisms featured on Polygon zkEVM, allowing users to easily access value without compromising on their DeFi-native rights.” Dolomite has grown spectacularly on Arbitrum since the launch of its oARB rewards campaign last November. During that time, its TVL has more than tripled, and the protocol will attempt to mirror that success through a future rewards program on Polygon zkEVM, in a bid to onboard users onto the highly anticipated Polygon zkEVM ecosystem. About Dolomite Dolomite allows users to unlock dormant capital by smarter borrowing and lending. It enables smarter asset deployment through powerful integrations across the DeFi ecosystem. Dolomite’s advanced architecture supports separate borrow positions from a single wallet, each with a distinct risk profile. Its unique design allows for a broad range of yield-bearing assets to be used as collateral, helping users earn rewards while borrowing against these assets. Over time, Dolomite aims to become a hub for DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage their portfolios and run on-chain strategies. Learn more about Dolomite at: https://dolomite.io/ Dolomite allows users to unlock dormant capital by smarter borrowing and lending. It enables smarter asset deployment through powerful integrations across the DeFi ecosystem. Dolomite’s advanced architecture supports separate borrow positions from a single wallet, each with a distinct risk profile. Its unique design allows for a broad range of yield-bearing assets to be used as collateral, helping users earn rewards while borrowing against these assets. Over time, Dolomite aims to become a hub for DeFi activity to allow other protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage their portfolios and run on-chain strategies. Learn more about Dolomite at: https://dolomite.io/ Contact Details MarektAcross PR pr@marketacross.com Company Website https://dolomite.io/

February 13, 2024 10:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Chesnara well-positioned for the year ahead following pivotal 2023

Chesnara PLC

Chesnara PLC CEO Steve Murray discusses the company's milestones achieved in 2023, which marked a pivotal year for the company. Highlighting a major partnership with fintech market leader SS&C in the UK, Murray noted the collaboration as a cornerstone for enhancing Chesnara's M&A strategy and operational efficiency, particularly for outsourced services. The company also completed two key acquisitions: an insurance portfolio from Conservatrix in the Netherlands and a protection portfolio from Canada Life in the UK. These moves underscore Chesnara's commitment to expanding its scale through strategic M&A activities. Murray also discussed leadership transitions within the company, including the appointment of Tom Howard as the new group finance director, succeeding Dave Rimmington. This change, along with the introduction of three new chief executives to its underlying businesses, was positioned as a testament to Chesnara's stable and strong foundation, which facilitated these significant organisational changes. Reflecting on the macroeconomic challenges of 2023, Murray expressed confidence in Chesnara's resilience and its ability to maintain a solid solvency position and generate cash, despite volatile conditions. Looking ahead to 2024, Murray Chesnara is well-prepared after a year marked by strategic achievements and robust performance amidst challenges. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 13, 2024 09:07 AM Eastern Standard Time

Video
Article thumbnail News Release

Bloomsbury Publishing new IR head hails the success of Sarah J. Maas franchise

Bloomsbury Publishing PLC

Bloomsbury Publishing's new head of investor relations Tamsin Garrity discusses the significant success of Sarah J. Maas's latest novel, "‘House of Flame and Shadow," which achieved global number-one status on Amazon upon its release. In an interview with Proactive's Stephen Gunnion, Garrity noted that this marks Maas's 16th book published by Bloomsbury, with six more titles under contract. Garrity highlighted the remarkable 79% year-on-year sales growth attributed to Maas's works, which also bolstered sales of her backlist titles. The popularity of the fantasy and sci-fi genre, as reported by Nielsen BookScan, has grown by 54% in the last five years in the UK, a trend that Bloomsbury is capitalizing on by representing other renowned authors within this genre, including Samantha Shannon, Susanna Clarke, Alan Moore, and Cixin Liu, whose "Three-Body Problem" series is anticipated to be a major Netflix release. Garrity also shared insights into her background and the reasons why Bloomsbury presents a unique investment opportunity. She emphasized Bloomsbury's diversified strategy, balancing academic and consumer publishing, which appeals to portfolio managers. The company's international revenue, digital and audio diversification, and successful acquisition strategy were highlighted as key factors in its growth and attractiveness to investors. Bloomsbury's ability to generate cash allows for reinvestment in its portfolio and acquisitions, contributing to the company's confident and ambitious outlook. With a 127% earnings growth over the last five years, Bloomsbury is positioned for continued success in the publishing industry. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

February 13, 2024 09:03 AM Eastern Standard Time

Video
Article thumbnail News Release

COMPLIANT ANNOUNCES BOARD OF ADVISORS FEATURING RENOWNED LEADERS IN ADVERTISING, DIGITAL MARKETING, PRIVACY AND DATA GOVERNANCE

Compliant

Compliant, a data compliance technology company, announced today the formation of its Board of Advisors, which includes notable former and current advertising, digital marketing, privacy leaders and industry executives. The Board will provide strategic counsel on the company’s mission to help all stakeholders in the digital media ecosystem have the tools they need to ensure consumer trust, campaign performance and data compliance as the industry shifts from cookie-based targeting and measurement to new data signals and ad tech solutions. Compliant Indexes show the data flow around media that is bought and sold so that advertisers, agencies and publishers can understand how vulnerable or resilient they are from a data compliance perspective. According to Jamie Barnard, CEO of Compliant, “In this new advertising era, the expectation is that advertisers, agencies, publishers and ad tech providers will exercise greater oversight of the data flow tied to the media they buy or sell when shifting to new ROI-driving identifier solutions. This will be one of the most, if not the most, important digital media standards for the coming decade. Data compliance is a necessary companion in a cookieless world, and an expectation for consumers, regulators, brands and publishers.” He added,”We are overwhelmed by the number of industry experts wanting to help all stakeholders in the digital media supply chain implement data compliance practices as part of their responsible media frameworks. We are proud to have attracted this experienced and talented group of experts, many of whom have led other transformative eras in digital like programmatic, brand safety, and consent, to help us drive our mission forward and serve as strategic advisors to our leadership team.” The Compliant Advisory Board members are: Oleg Bershadsky, former Chief Operating Officer, Integral Ad Science Caroline Campbell, partner, LEO DIX; former Verizon Media SVP Communications John deTar, President, Global Data Bank Martin Gilliard, CEO Arteli; former Chief Information Officer, Barney’s Ryan Jamboretz, former President, Smartly.io Allie Kline, partner, LEO DIX; former Chief Marketing Officer, Verizon Media Jason Lohr, Director, Adobe Beth Mach, former Chief Communications Officer, True Car; former President, Dentsu X Sarah Ripmaster, Senior Vice President, Innovid; former Head of Sales, Technology IBM Stewart Room, Technology & Media Leader, DWF; President, UK National Association of Data Protection Officers, European Data Protection Board expert support pool Andrew Snyder, former Operating Partner at TCG; Senior Vice President, Meredith Tom Triscari, CEO, Lemonade Project The Compliant leadership team has unmatched expertise across privacy, digital governance and compliance technology, including Jamie Barnard (former Unilever), Elliot Bell (former Facebook), and Magid Souhami (former P&G). About Compliant Compliant is pioneering a new standard for data compliance in the digital marketing industry. The founders believe in a new path for digital media – one that is built with a privacy-safe future in mind, while preserving the economics that underpin the free Internet. Data compliance is becoming one of the most important digital media standards for the coming decade. And the tools brands, agencies, publishers and ad tech companies rely on most to navigate these headwinds are the Compliant Indexes which give the industry the tools it needs to go cookieless without risking consumer trust, campaign performance or compliance. For more information and to view Compliant’s Annual Publisher Audits, and recent release on the data compliance risk on over 90% of global digital media, visit www.compliant.global. Contact Details Kite Hill +1 724-787-1565 compliant@kitehillpr.com

February 13, 2024 09:00 AM Eastern Standard Time

Article thumbnail News Release

qBeam Launches Innovative Window Ablation Laser System for Enabling Free Space Optical Communications

qBeam

qBeam, Inc. (qBeam), a leader in the development of groundbreaking optical products, today announced the general availability of its handheld laser ablation device for enabling free space optical communications (FSOC) from indoor office locations. The qBeam window ablation laser allows optical communication terminals to be installed indoors by treating the windows that otherwise block the terminal’s infrared beam. Commercial buildings utilize energy efficient windows to reduce HVAC operating costs. These windows include a low-E coating which blocks infrared (IR) wavelengths and thus limit heat from escaping to the outside. Unfortunately, the low-E coating also precludes operating optical communications equipment from indoor locations. qBeam’s handheld device uses a laser beam to create a small “opening” in the low-E coating to allow IR energy to pass through with minimal attenuation. This results in a dramatic improvement in transmission for free space optical communications. The portable laser system includes a variable focus-depth capability to accommodate most commercial windows, and can create “openings” of approximately 4” x 4” without repositioning the device. Larger openings require multiple applications. The process is permanent and can be applied in a matter of minutes. The window ablation laser device complements qBeam’s existing line for FSOC modems by enabling their installation in more locations. The qBeam FSOC modem, released in 2023, offers a lower cost alternative to fiber optic solutions for terrestrial networks when mated to a compatible optical terminal. In the past, free space optics failed to gain traction because legacy FSOC modems did not adequately account for the impact of atmospheric turbulence. The qBeam FSOC modem works differently. It includes forward error correction capabilities and a fade tolerant mode that provide end-to-end protection for transmitted data. As a result, the qBeam FSOC modem supports longer ranges and higher data rates than legacy systems, delivering unsurpassed stability, reliability, and performance. The plug-and-play qBeam FSOC modem integrates seamlessly with existing optical terminals to rapidly deliver these and other advantages to infrastructures already in place. It works with traditional gigabit Ethernet (GigE) networks, supporting both GigE and 2.5 GigE client connections via a standard RJ-45 or SFP+ interface. qBeam is actively seeking relationships with optical terminal manufacturers to make it even easier for customers to quickly deploy a more holistic FSOC solution. qBeam plans to release an optical terminal in late 2024. “For too long, optical communications have suffered from untapped potential, leaving government and commercial entities with a variety of unsatisfactory choices to best support their terrestrial and ground-space communications requirements,” said Eugene Estinto, qBeam’s President and CEO. “Our innovative FSOC modems and window ablation systems unlock that potential with a compelling and easy-to-use product that immediately provides value and changes the landscape for our customers.” Formed in 2014 and headquartered in Leesburg, VA, qBeam Inc. develops optical/laser products and simulation and modeling software for communication links. The company designs and manufactures innovative free space optical (FSO) modems, multi-spectral infrared cameras, laser etching/ablation systems, and optical range simulators. It also authored the Embed/Comm physical layer communication simulation software addon. For more information about our technology company and products, please visit www.qbeaminc.com. Contact Details qBeam Eugene Estinto eugene.estinto@qbeaminc.com Company Website https://www.qbeaminc.com

February 13, 2024 09:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Benchmark International Successfully Facilitated The Transaction Between George W. Evans & Associates, Inc And Nationwide Brokerage Solutions Insurance Agency, Inc.

Benchmark International

Benchmark International is pleased to announce the acquisition of George W. Evans & Associates, Inc And Nationwide Brokerage Solutions Insurance Agency, Inc. George W. Evans & Associates, Inc., a distinguished Managing General Agent (MGA) and insurance wholesale agency is committed to delivering exceptional insurance solutions for individuals and businesses. Specializing in a wide array of individual and commercial insurance policies and providing unparalleled support for independent agents and brokers, the company stands as a beacon of excellence in the insurance industry. With a focus on innovation and client-centric approaches, George W. Evans & Associates, Inc. has carved a niche in the market for its expertise in wholesale employee benefits insurance policies and non-subscriber worker's compensation coverage. Nationwide Brokerage Solutions Insurance Agency, Inc. (NBS), a wholly owned subsidiary of Nationwide Mutual Insurance Company, is a leading wholesale broker and managing underwriter in the insurance industry. Renowned for providing market access, underwriting expertise, product development design, and administrative services, NBS is a beacon of support for local insurance agents and carriers across the United States. The acquisition marks a pivotal moment for Nationwide. By joining forces with George W. Evans & Associates, Inc. and Nationwide Brokerage Solutions Insurance Agency, Inc, the company is poised to set new standards in the insurance industry. This strategic alignment strengthens their ability to serve clients, support local agents, and drive innovation. Our client Jim was great to work with throughout this entire process. We are extremely happy to achieve a successful transaction and hope he enjoys retirement." - Tony Gumieny, Senior Deal Associate, Benchmark International Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

February 13, 2024 08:48 AM Eastern Standard Time

Image
Article thumbnail News Release

Battery Mineral Resources Corp. Announces Agreement with Anglo-American PLC to Sell Slag Copper Concentrates Produced at the Punitaqui Plant

Battery Mineral Resources Corp.

Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (“ Battery ” or “ BMR ” or the “ Company ”) is very pleased to announce the execution of an Offtake Agreement (or the “ Agreement ”) with Anglo American Sur. S.A. (“ Anglo ” or “ Anglo American ”) a division of Anglo-American PLC. Anglo’s Chagres smelter in Catemu, Chile has agreed to sell up to 240,000 Dry Metric Tonnes (“ DMT ”) of copper slags to be processed into copper concentrates at BMR’s Punitaqui copper flotation plant. Anglo has agreed to purchase all the copper concentrate to be produced from the supply of copper slags. The terms and conditions of the Agreement are benchmark for this type of concentrate. BMR anticipates the processing of copper slags will commence within approximately 90 days, subject to completing certain plant maintenance and upgrade activities. The Agreement is in addition to the agreements previously entered into between the Company and Javelin Global Commodities (“ Javelin ”), as such agreements were announced by the Company on February 12, 2024. Javelin shall not market the copper concentrates processed from copper slags and shall not be paid any commission in respect thereof. Battery CEO and director Martin Kostuik stated: “We are extremely pleased to announce this agreement, which comes at a perfect time for BMR. The Agreement provides the Company low-cost copper bearing material to be processed at our Punitaqui flotation plant while Battery begins commissioning of the plant. It allows BMR to generate cash flow from copper sales while the Cinabrio, San Andres and Dalmacia mines will be ramping up to reach full production.” Furthermore, by allowing BMR to process slags, which are a by-product of previously smelted ores, the Agreement further demonstrates the Company’s ongoing commitment to the Environmental portion of its Environmental, Social and Governance (ESG) principals. Specifically, the processing of slags does not include activities which would otherwise be undertaken by BMR when processing fresh ore from its mines, including but not limited to underground drilling, blasting and mining. BMR is pleased to have entered into an Agreement that is both economically and environmentally beneficial. About Battery Mineral Resources Corp. Battery Mineral Resources is a battery minerals company providing shareholders exposure to the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favourable mining jurisdictions. Battery Mineral’s mission is the discovery, acquisition, and development of battery metals (namely cobalt, lithium, graphite, and copper), in North America, South America and South Korea and to become a premier and responsible supplier of battery minerals to the electrification marketplace. BMR is currently pursuing a near-term resumption of operations of the Punitaqui Mining Complex, a past copper-gold-silver producer, in the Coquimbo region of Chile. BMR is the largest mineral claim holder in the historic Gowganda Cobalt-Silver Camp in Ontario, Canada, and continues to pursue a focused program to build on the recently announced, +1-million-pound high-grade cobalt resource at McAra. In addition, Battery Mineral owns 100% of ESI Energy Services, Inc. (including ESI’s wholly owned USA operating subsidiary, Ozzie’s, Inc.), a profitable mainline pipeline and renewable energy equipment rental and sales company with operations in Alberta, Canada and Arizona, USA. Battery Mineral Resources is based in Canada and its shares are listed on the Toronto Venture Exchange under the symbol “BMR” and on the OTCQB under the symbol “BTRMF”. Further information about BMR and its projects can be found on www.bmrcorp.com. Twitter: @BMRcorp_ Facebook: Battery Mineral Resources Corp. | Facebook LinkedIn: Battery Mineral Resources Corp.: My Company | LinkedIn Website: www.bmrcorp.com Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. About Battery Mineral Resources Corp. Forward Looking Statements: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, the ability of the Company to secure the Advances under the Loan Agreement, timing of the completion of the Company’s audit, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the ability of the Company to meet its anticipated development schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law. Contact Details Martin Kostuik, CEO +1 604-229-3830 info@bmrcorp.com Corporate Communications Corporate Communications IBN (InvestorBrandNetwork) +1 310-299-1717 editor@investorbrandnetwork.com Company Website https://bmrcorp.com/

February 13, 2024 05:30 AM Pacific Standard Time

1 ... 491492493494495 ... 3831