Wake Forest keeps Detroit Mercy at arm's length for win
Mission 1st of 144 B.C. RCMP detachments to rollout body-worn camerasTORONTO--(BUSINESS WIRE)--Dec 23, 2024-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received firm commitments to raise gross proceeds of the equivalent of A$5.95 million via the issuance of 2.0 million Canadian units and 4.56 million Placement Chess Depository Interests Units (“ CDIs ”) at C$0.82 per Canadian unit and A$0.90 per CDI Unit (“ Placement ”), respectively. Each Canadian unit and CDI Placement Unit participant will be issued with one warrant for every common share issued and one free unlisted option for every one CDI issued, exercisable at C$1.14 and A$1.25, respectively, with an expiry date of three years from the date of closing (“ Options ”). Proceeds from the Placement will be applied towards restructuring the Company’s balance sheet and towards offer costs. The Canadian units and Placement CDI units are expected to settle on or about 30 December 2024. The Canadian Units and CDI Placement Units issued will rank equally with existing CDIs and Common Shares on issue. The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX and ASX. RM Corporate Finance Pty Ltd will act as Lead Manager to the Placement and will be paid a total fee of A$85,500. About Almonty The principal business of Toronto, Canada-based Almonty Industries Inc. is the mining, processing and shipping of tungsten concentrate from its Los Santos Mine in western Spain and its Panasqueira mine in Portugal as well as the development of its Sangdong tungsten mine in Gangwon Province, South Korea and the development of the Valtreixal tin/tungsten project in northwestern Spain. The Los Santos Mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Panasqueira mine, which has been in production since 1896, is located approximately 260 kilometres northeast of Lisbon, Portugal, was acquired in January 2016 and produces tungsten concentrate. The Sangdong mine, which was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, was acquired in September 2015 through the acquisition of a 100% interest in Woulfe Mining Corp. Almonty owns 100% of the Valtreixal tin-tungsten project in north- western Spain. Further information about Almonty’s activities may be found at www.almonty.com and under Almonty’s profile at www.sedar.com. Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. These statements and information are based on management’s beliefs, estimates and opinions on the date that statements are made and reflect Almonty’s current expectations. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate (“APT”) from which the sale price of Almonty’s tungsten concentrate is derived, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty’s operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty’s business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty’s shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to the adequacy of internal control over financial reporting, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development and operations at Almonty’s tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty’s mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty’s mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, challenges related to global financial conditions, risks related to future sales or issuance of equity securities, differences in the interpretation or application of tax laws and regulations or accounting policies and rules and acceptance of the TSX of the listing of Almonty shares on the TSX. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of ammonium para tungstate (APT), the continuing ability to fund or obtain funding for outstanding commitments, expectations regarding the resolution of legal and tax matters, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223203144/en/ CONTACT: For further information, please contact:Lewis Black Chairman, President and CEO Telephone: +1 647 438-9766 Email:info@almonty.com KEYWORD: UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Almonty Industries Inc. Copyright Business Wire 2024. PUB: 12/23/2024 04:05 PM/DISC: 12/23/2024 04:06 PM http://www.businesswire.com/news/home/20241223203144/en
A B.C. man has been awarded nearly $800,000 in damages as compensation for injuries he sustained from a defective bear banger, according to a recent court decision. Madam Justice Sandra Wilkinson’s ruling noted that the company that distributed the bear bangers knew as early as 2017 that the devices had a defect that caused “premature detonation,” resulting in as many as 20 injuries – including burns and, in one case, the loss of an eye. The plaintiff, Justin Muss, was working in a remote northern area as a gas and field operator in 2019 when he encountered a black bear that he tried to scare off by using the device – a Star Blazer bear banger, designed and distributed by Earth Management. “The plaintiff tried yelling and honking his truck’s horn to deter the bear but the bear continued to move closer. Based on his experience and training, the plaintiff recognized that the bear would not go away without further intervention and decided to use a bear banger to try and further deter the bear so he could grab his tools and clean up his task,” the decision says. “As soon as the plaintiff released the trigger, he heard a really loud bang and felt pain in his right side. He could not hear and everything looked blurry around him. He was confused and did not know what had happened,” it continues. The injuries A disoriented Muss noticed his hand was bleeding and bandaged it, before also realizing there was a piece of shrapnel lodged in his leg, prompting him to call a supervisor who would arrange transportation to hospital. The painful injuries to his hand and leg, which would leave permanent scars, healed within a month. Temporary blurriness in his vision also resolved in the short-term. But the court heard that some of the effects of the accident would be life-long. Muss experienced “instant hearing loss” when the defective bear banger went off as well as the immediate onset of tinnitus – a persistent buzzing or ringing – in his ears. Although his hearing improved in the six months after the accident, progress plateaued, and Muss was left with permanent hearing loss as well as long-term tinnitus. “The plaintiff experiences a constant low ringing in his ears that gets worse with any loud noise, prolonged exposure to noise or exhaustion. His injuries continue to cause him pain and discomfort, particularly if there are loud noises,” the decision says. “The plaintiff also suffers from diminished hearing capacity and increased sensitivity to environmental sounds. Any background noise will make it difficult for him to hear because he feels that he hears all of the noise at once. He often misses portions of conversations and struggles to speak on the phone.” The company’s negligence The court heard that Earth Management stopped importing and selling the Star Blazer bear bangers in 2017 because there were “too many incidents of people getting hurt.” The company’s president, Peter Mueller, told the court that he made a list of over 80 companies he “believed” bought the bear bangers and signed a letter to be sent to the company’s customers in 2018. “There is no record of who received the letter, if anyone,” the decision says. Muss purchased one of the defective bear bangers from a sporting goods store in 2019. The judge’s decision said there is no evidence that retailer was even informed about the defect by mail, email, or telephone. The steps taken to try to prevent future sale of defective bear bangers were described by the court as “an entirely deficient recall” of an unsafe product the company knew posed a serious safety risk. “Earth Management’s negligence led to the plaintiff’s purchase of a defective bear banger years after Earth Management was aware of the defect. This failure to warn caused the plaintiff’s injuries,” the decision said. “Earth Management is liable to the plaintiff because but for the negligence of Earth Management in failing to adequately recall the defective product, the accident would not have happened.” Damages awarded Muss was awarded a total of $795,176.86 in damages, $622,000 of which were for his loss of future earning capacity. The judge warded $95,000 in non-pecuniary damages, meant to compensate Muss for his pain, suffering and the ongoing impact of his injuries.= “I find that the plaintiff’s life has been significantly negatively altered by the daily pain he experiences as a result of his hearing problems. Every facet of his life has been affected,” Wilkinson wrote. “At this time, it is unlikely that the plaintiff’s pain will improve or that his life will return to how it was before the accident.” The court also awarded $10,000 punitive damages, meant to sanction the company for its failure to warn customers about the defective product.
The Inaugural Las Vegas Grand Prix was the highest-profile new sporting event in the world last year. The collision of luxury and high-octane adrenaline left spectators in awe, showcasing the extravagant lifestyle and hospitality synonymous with Las Vegas. Stretching over 3.8 miles, the custom-designed street circuit features 17 high-speed turns and two DRS zones against the dazzling Las Vegas backdrop. Last year's event garnered 315,000 fans to witness drivers racing down the strip at 215 mph. The last time Las Vegas hosted a Grand Prix was in 1982 when Formula One drivers competed on a track set up in a parking lot next to Caesars Palace. The success of Netflix reality show Drive to Survive has boosted Formula One's stateside popularity in the United States in recent years. But the Formula 1 Heineken Silver Las Vegas Grand Prix isn't just about what happens on the track; Sin City also offers high-end hospitality options for attendees. VIP packages include exclusive lounges, gourmet dining experiences, and up-close views of the action from private suites. The ultimate ticket to this year's Grand Prix race is the Bellagio Fountain Club , which sits mere feet from the 1.2-mile high-speed straight. This exclusive package constructed next to the city's famous fountains is a powerhouse trifecta of indulgence, hospitality, and exhilaration. "Bellagio Fountain Club's debut at last year's Las Vegas Grand Prix event surpassed all expectations," said Andrew Lanzino, MGM Resorts' Vice President of Citywide Events Strategy. The private indoor and rooftop deck gives guests unobstructed trackside viewing. Celebrity chefs like Mario Carbone, David Chang, Alain Ducasse, Masaharu Morimoto, and Jean-Georges Vongerichten serve exquisite culinary offerings. At the same time, drinks flow at the open bar from master sommeliers and mixologists. The Bellagio Fountain Club is a highly sought-after ticket for race weekend, yet the hotel offers numerous activities everyone can enjoy. The Shoey Bar is back! Drink from a newly designed white shoe at the wildly popular tribute to one of racing's most iconic celebrations (thanks to Daniel Ricciardo). The Bellagio's Ferrari pop-up boutique returns for the second consecutive year, exclusively housing men's and women's collections, luxury leather accessories, one-of-a-kind items, and signed collectibles. Exclusive Balmain Racing menswear capsule and the French house's iconic ready-to-wear, handbags, and shoes will be available at a temporary boutique at the Bellagio through January 5. The Fontainebleau Las Vegas is a luxurious new addition to the Vegas Strip. A long-anticipated sister property to the iconic Fontainebleau Miami Beach, this Las Vegas counterpart brings high-end design and world-class dining. As the official event partner for the Formula 1 Heineken Silver Las Vegas Grand Prix, Fontainebleau will host the international elite at Papi Steak Garage, fusing high-energy dining and trackside action. Hosted by Papi Steak, a renowned David Grutman's Groot Hospitality hotspot, this package places guests within the pulse of the race, the Pit Lane. Known for its signature "Papi Steak," a richly seasoned and expertly cooked Tomahawk, the restaurant blends vintage glamour with a vibrant, high-energy atmosphere. For racing enthusiasts looking to pair fine dining with Formula 1 excitement, the VIP ultra-luxe package experience includes: No matter what team you cheer for, Sin City comes alive during race weekend. For those looking to get a taste of the action off-track, F1-themed activations throughout the city keep the energy high. The lobby at ARIA is the epicenter of excitement for Mercedes-AMG Petronas fans. A fully decked-out installation features race simulators, team merchandise, and photo opportunities with a show car, among other specialized experiences. The Cosmopolitan elevates race weekend with The Boulevard Experience, a souped-up watch party atop the Boulevard Pool. New for this year's race is a closed-circuit viewing of the live Las Vegas Grand Prix TV feed. The Brooklyn Bridge will transform into a motorsport fan's dream with Williams Racing team-curated interactive experiences. The free event offers fans an inside look at what it means to be on the team. Guests wandering The Cosmopolitan will find a variety of complimentary race weekend experiences, including MoneyGram Haas F1 Team memorabilia and photo opportunities with a team show car. As an official partner of the Formula 1 Heineken Silver Las Vegas Grand Prix, the resort is a high-energy destination for sports, entertainment, and exclusive experiences. More than 20 displayed Aston Martin models give fans unprecedented opportunities to experience the exquisite craftsmanship and advanced technology defining this prestigious brand. Aston Martin's Global Chief Brand and Commercial Officer, Marco Mattiacci, says, "It's an opportunity to connect with our community of owners and bring our brand to enthusiasts from across North America during a landmark moment in the F1 calendar." The exclusive Aston Martin British Bloodline experience presents a curated selection of current and rare vintage performance cars. Among them is the return of an icon, the Vanquish, Aston Martin's V12 flagship. This collection also features the newly launched Vantage sports car, the groundbreaking DB12 Super Tourer, and the DBX707, hailed as the supercar of SUVs. "As the excitement builds toward Race Week, we are thrilled to offer our guests an intimate look at the history and evolution of Aston Martin, a brand that symbolizes both excellence and sophistication," says Fontainebleau Las Vegas President Maurice Wooden. "As a resort, we pride ourselves on bringing top-tier experiences to our guests, creating once-in-a-lifetime memories. Fontainebleau Las Vegas is extremely proud to be the exclusive partner of Aston Martin, and we are honored to bring this iconic luxury brand for the ultimate Race Week experience." The hotel invites guests to experience Race Week in VIP style with the Aston Martin Million Dollar Package . This epitome of luxury allows guests to tailor their own Race Week adventure. It offers the extraordinary opportunity to take home an Aston Martin Vanquish, the stunning new flagship model from the prestigious British performance car brand. The Aston Martin Million Dollar Package also includes: Experience the Grand Prix without the craziness of The Strip with a retreat to Crockfords Las Vegas , an ultra-luxe property located directly on Las Vegas Boulevard just outside the high-energy zone. Recharge at this exclusive hotel within Resorts World after an action-fueled day at the track. The Chairman's Villa is an exclusive four-bedroom suite with direct views of the strip and race track from its private balcony on the 65th floor. This opulent suite includes a private lobby experience, a personal butler, and access to all of Crockford's amenities. A large media room, formal dining room, chef's kitchen, and billiards table bar mean guests can relax in the expansive living room while enjoying cocktails from a private bar or watching the drivers speed down the straight from the strip-facing balcony. The Chairman's Villa is also supreme for hosting exclusive events or parties during race weekend. It is truly a one-of-a-kind accommodation that embodies the glamour and extravagance of Las Vegas and Formula 1. Inspired by his nickname "Smooth Operator," Carlos Sainz will bring the vibes to Las Vegas with the 'Smooth Operator' Dance Lounge at ARIA Resort & Casino. Sainz famously earned his moniker by singing the song while overtaking competitors during global Grand Prix events. The charismatic Grand Prix driver will take over ARIA's ALIBI Ultra Lounge before racing around the Las Vegas streets. "Collaborating with Carlos Sainz on this exclusive party further strengthens the way we're delivering the 2024 Las Vegas Grand Prix experience to fans unlike any other race of the year," continues Lanzino. "Whether it's one-of-a-kind dining experiences with world-famous chefs, virtual reality Grand Prix moments with championship teams, or dancing with the Smooth Operator himself, we are creating a variety of ways for visitors and locals to have the time of their lives."
