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Check out some of our latest original content that was created and distributed as part of our ongoing collaborations with IR firms and other companies.

Massimo Group (NASDAQ: MAMO) Pushing Forward in Value-Packed Powersports, On-Road Vehicles Space

Posted on February 6, 2025 by MissionIR
  • According to industry reports, the global powersports market is projected to continue its upward trajectory
  • Massimo seeks to distinguish itself in this space by offering a comprehensive lineup of vehicles that combine performance, durability and affordability
  • A recent shareholder update highlights key achievements and strategic initiatives aimed at driving the company’s growth and enhancing shareholder value

In the dynamic world of powersports and on-road vehicles, Massimo Group (NASDAQ: MAMO) has emerged as a prominent player, offering a diverse range of value-packed products that cater to both recreational enthusiasts and professionals. Founded in 2009 and headquartered in Garland, Texas, Massimo has built a reputation for delivering high-quality utility task vehicles (“UTVs”), all-terrain vehicles (“ATVs”), motorcycles and pontoon boats. The company’s commitment to innovation and customer satisfaction has solidified its position in the competitive powersports industry.

The powersports industry encompasses a broad spectrum of motorized vehicles designed for off-road and on-road use, including UTVs, ATVs, motorcycles, and personal watercraft. This sector has witnessed significant growth over the past decade, driven by increasing consumer interest in outdoor recreational activities and the versatility of these vehicles in various professional applications, such as agriculture, construction and law enforcement.

According to Market Research Report (https://nnw.fm/mLUMq), the global powersports market is projected to continue its upward trajectory, with technological advancements and the introduction of electric-powered models contributing to this expansion. Manufacturers are focusing on enhancing vehicle performance, safety features and environmental sustainability to meet evolving consumer preferences and regulatory standards.

Massimo seeks to distinguish itself in this space by offering a comprehensive lineup of vehicles that combine performance, durability and affordability. The company’s product range includes:

  • UTVs (Utility Task Vehicles): Massimo’s UTVs are designed for both recreational and professional use, featuring robust construction and versatile functionality. Models such as the T-Boss, T-Boss Winter series, and Warrior series are equipped with powerful engines, advanced suspension systems and ample cargo space, making them ideal for tasks ranging from trail riding to heavy-duty work applications across all four seasons
  • ATVs (All-Terrain Vehicles): Catering to off-road enthusiasts, Massimo’s ATVs offer agility and power. These vehicles are engineered to navigate challenging terrains, providing riders with a thrilling yet safe experience
  • Motorcycles: Massimo’s motorcycle lineup features classic styling with modern upgrades, suitable for both street and trail riding. The company’s motorcycles cater to a wide audience, from teenagers to adults, emphasizing comfort and performance
  • Pontoon Boats: Expanding beyond land-based vehicles, Massimo Marine manufactures pontoon and tritoon boats. These watercrafts are noted for their innovative design and quality craftsmanship, offering customers a premium boating experience

Massimo’s dedication to quality is evident in its extensive network of service centers, full-line dealers and handpicked retailers, ensuring that customers receive exceptional support and service. This commitment has fostered a loyal customer base and a strong market presence.

In a recent shareholder update (https://nnw.fm/kg5M1), Massimo Group’s founder, chair and CEO, David Shan, highlighted several key achievements and strategic initiatives aimed at driving the company’s growth and enhancing shareholder value. The CEO acknowledged challenges such as supply chain production, disruptions and evolving market dynamics but emphasized the company’s resilience and adaptability.

Massimo’s outlook for 2025 aims for dedication as they recently introduced the T-Boss 560L and 760L models, featuring a fully enclosed cab with heating for enhanced comfort in cold weather. Additionally, the company is developing a heating and cooling system for its T-Boss series, expected to launch by the end of 2025.

In addition, Massimo recently developed electric versions of its UTVs, golf carts and pontoon boats. This move aligns with global trends toward environmental sustainability and reflects the company’s proactive approach to meeting future market demands.

By embracing electric vehicle technology, Massimo aims to offer ecofriendly alternatives that do not compromise on performance or reliability. This initiative underscores the company’s dedication to innovation and its responsiveness to the evolving preferences of consumers and regulatory landscapes.

The Massimo Group has established itself as a formidable force in the powersports and on-road vehicle industry through its diverse and value-packed product offerings. With a strong foundation built on quality, innovation and customer-centric values, Massimo believes it is well-positioned to capitalize on emerging opportunities and navigate the challenges of a dynamic market. The recent strategic initiatives and positive outlook shared by Mr. Shan further reinforce the company’s commitment to growth and excellence. As Massimo continues to expand its product lines and embrace sustainable technologies, we believe it remains poised to deliver exceptional value to its customers and shareholders alike.

For more information, visit the company’s website at massimomotor.com, massimomarine.com, and massimoelectric.com

NOTE TO INVESTORS: The latest news and updates relating to MAMO are available in the company’s newsroom at https://ibn.fm/MAMO

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Massimo Group. MAMO | Leave a comment

Thumzup Media Corp. (NASDAQ: TZUP) Kickstarts Initiative to Support Small Businesses Affected by Los Angeles Wildfires; Bolsters Board of Directors with New Appointment

Posted on February 6, 2025 by MissionIR
  • Thumzup Media Corporation, a company at the forefront of modernizing the social media branding and marketing industry, just set aside $10,000 in Thumzup credits in an initiative to assist small businesses impacted by the Los Angeles wildfires
  • Eligible businesses can receive up to $200 in credits per location, deposited directly to their Thumzup account. The program is open to both existing Thumzup customers and new ones
  • Thumzup has also set aside additional resources and technical support to ensure that the beneficiaries of the program maximize its impact
  • The company has also made a new addition to its board, Dr. Joanna Massey
  • Dr. Massey will bring over 25 years of executive experience in communications and media and will be integral in guiding Thumzup through its next level of growth

Thumzup (NASDAQ: TZUP), a Los Angeles-based company at the forefront of modernizing the social media branding and marketing industry with its unique platform designed to connect advertisers directly with everyday social media users, just announced an initiative designed to assist small businesses impacted by the recent wildfires that spread across Los Angeles. The initiative covers $10,000 in Thumzup credits and additional resources and technical support to ensure that the beneficiaries maximize its impact (https://ibn.fm/ntPFZ).

The Los Angeles fires started on Jan. 7 and remain active. Over 50,000 acres have been torched, 16,000 structures razed to the ground, and tens of thousands of people displaced. In addition, there have been 28 reported casualties, with economic losses estimated at between $135 billion and $150 billion (https://ibn.fm/ysLHp).

For a long time, small businesses have served as the heart of Los Angeles. Many have shut down entirely, while others have been forced to relocate. These businesses feed thousands of families daily, and the devastation caused by the wildfires extends far beyond the business owners and their employees. Thumzup hopes that its initiative will help these businesses rebuild and get back on their feet.

“Thumzup is deeply saddened by the devastation these wildfires have brought to our community,” noted Robert Steele, Thumzup’s CEO.

“Small businesses and residents are the heart of Los Angeles, and we hope this initiative provides a tangible way to help businesses rebuild while also putting cash into the hands of the people who support them,” he added (https://ibn.fm/0FeLB).

Both existing Thumzup customers and those new to the platform can apply to receive the credits. Eligible businesses can receive up to $200 in credits per location, deposited directly into their Thumzup account. With the credits, they can pay customers cash for posts on Instagram and X (formerly Twitter), providing immediate support to drive awareness and rebuild their operations.

“At Thumzup, we are committed to leveraging our platform to make a difference in times of need, and we will be dedicating additional resources to further aid recovery efforts,” noted Mr. Steele (https://ibn.fm/0FeLB).

Thumzup also announced a new addition to its Board of Directors, Dr. Joanna Massey. Dr. Massey will be integral in the company’s next growth phase, lending her over 25 years of executive experience in communications and media, advising Fortune 500 companies, startups, and non-profits.

“We are pleased to have Dr. Massey join our Board of Directors. Her expertise across both private and public sectors and her significant personal investment in Thumzup will provide significant value to our shareholders and support our continued growth,” noted Mr. Steele (https://ibn.fm/PidEs).

Dr. Massey currently serves as a public and private company Board Director in various positions, including Chairman of the Board, Lead Independent Director, Chairman of Nominating & Corporate Governance, Chair of Compensation, and a member of several Audit, Pricing and M&A Committees. She is also a management consultant and has served as Managing Director at Golden Seeds, an early-stage investment firm with over $175 million invested in nearly 250 female-led businesses.

To apply for the recovery credit, please visit https://thunderadmin.com/brand-register.

For company information, visit www.ThumzupMedia.com.

NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Thumzup Media Corp. TZUP | Leave a comment

Register Direct Offering Boosts SuperCom Ltd. (NASDAQ: SPCB) Financial Position as New Contracts Signed at Record Pace

Posted on February 5, 2025 by MissionIR
  • Israel-based electronic monitoring (“EM”) tech developer SuperCom recently completed a registered direct offering designed to bring in an additional $6 million for working capital, research and development and potential acquisitions
  • The company develops EM technology and provides accompanying services that work synchronously to sustain public safety through the electronic monitoring of suspects and convicted offenders as an alternative to incarceration
  • SuperCom’s PureSecurity Suite of solutions is anchored by its PureOne tracking bracelet, which can be worn discreetly while providing data via GPS, cellular, Wi-Fi, and Bluetooth technologies for monitoring a court-supervised individual’s movements
  • The use of EM solutions for allowing select individuals to remain free from jail or prison custody is being hailed worldwide as a cost-cutting measure that helps to reduce repeat offenses while providing peace of mind to potential victims and communities at large

Electronic monitoring (“EM”) technology developer SuperCom (NASDAQ: SPCB) is working to further strengthen its financial position through a registered direct offering for about $6 million through securities purchase agreements with certain institutional investors.

SuperCom has been increasing its presence in the public safety technology sector in North America and Europe with new client contracts for its tracking solutions at a record pace over the past few months (https://ibn.fm/hSJ3o).

The company’s recent offering involved the purchase of 545,454 ordinary shares and is designed to boost working capital, research and development, potential acquisitions and other general corporate purposes (https://ibn.fm/7atIl).

SuperCom is a provider of technology and related services that assist governments and judicial systems with identification and security issues. Its primary focus is on using its advanced PureSecurity Suite EM solutions to help sustain protective orders in domestic violence cases.

The use of electronic monitoring for public safety in supervised release situations is gaining widespread attention on a global basis. The opportunity to reduce jail and prison populations to the most necessary incarcerations while allowing lower-risk offenders to remain active in their normal work and school environments has also become popular for its cost savings potential, since EM tracking generally costs a fraction of incarceration.

SuperCom is establishing itself as a leader in the sector, signing 20 new contracts since last summer and establishing a presence in six U.S. states where the company’s products hadn’t been used before, including seven contracts with South Dakota sheriff’s agencies (https://ibn.fm/PcG9w) and a number of new contracts in Europe (https://ibn.fm/jU203).

SuperCom’s PureSecurity Suite is anchored by its PureOne branded tracking bracelet and its accompanying PureShield mobile app alert technology. Further complementary elements round out the suite’s monitoring capabilities for a variety of needs.

PureOne and PureShield work together to discreetly monitor the location of a legally supervised domestic violence offender as well as the location of any potential victims, alerting both law enforcement and a potential victim if location zoning boundaries are breached at any time.

The suite’s monitoring prowess derives from GPS, cellular, Wi-Fi, and Bluetooth technologies but goes beyond simple geolocation on a map. SuperCom’s EM technology has the capability of showing a monitored subject’s elevation, creating a situational, three-dimensional monitoring environment that may prove handy if a person is being tracked inside a multi-story office or residential building.

The long battery life and discreet profile of the PureOne bracelet allow a monitored individual to move freely without significant fear of being stigmatized by colleagues. Such EM efforts are being praised for their potential to reduce recidivism by prior offenders.

SuperCom’s most recent financial report, filed in November and covering the first nine months of 2024, showed a “significant” increase in Q3 revenue at the time to $21.3 million, as well as a “dramatic” YOY improvement in gross profit margin to 50.1% from 30.7% (https://ibn.fm/xQt8c).

“SuperCom’s solutions are setting a new standard in the electronic monitoring industry,” SuperCom President and CEO Ordan Trabelsi stated last month (https://ibn.fm/P7ncn). “By displacing incumbent players time after time, we are better positioned to meet the growing demand for scalable and impactful public safety solutions.”

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SuperCom Ltd. SPCB | Leave a comment

SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2) Intends to Enter Expanding Data Center Market Amid U.S. $500bn USD AI Infrastructure Pledge

Posted on February 5, 2025 by MissionIR
  • SolarBank is pursuing opportunities as a developer, owner and strategic partner in data center infrastructure, a major energy-hungry expansion market fed by the growing AI and general technology drive.
  • The company aims to deliver energy-efficient, carbon-reducing data center solutions that support both immediate needs and long-term growth.
  • The global data center market is seeing exponential growth, expected to reach $395 billion USD by 2030, propelled by surging demand for artificial intelligence, cloud computing, big data analytics, and IoT.
  • SolarBank is joining global tech giants invested in expanding data center capacity, including Amazon, Microsoft, Google, Meta Platforms, and Apple, and building on the recent U.S. announcement of a $500 billion USD private sector investment over the next four years to expand artificial intelligence infrastructure.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (CSE: SUNN) (NEO: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is expanding into the rapidly growing data center market. The strategic move is seen as reconfirming the company’s commitment to harnessing clean energy technologies at a time when the U.S. is planning to invest heavily in the development of private sector artificial intelligence infrastructure.

The company is pursuing opportunities as a developer, owner and strategic partner in data center infrastructure, supporting the demand for high-performance, sustainable energy solutions within the sector (https://ibn.fm/kFmUd). By leveraging partnerships and ownership opportunities with key players in data center infrastructure partnerships, SolarBank aims to deliver energy-efficient, carbon-reducing data center solutions that support both immediate needs and long-term growth.

SolarBank enters the global data center market at a time of exponential growth, as the sector is projected to reach $395 billion USD by 2030, driven by surging demand for cloud computing, artificial intelligence, big data analytics, and the Internet of Things (“IoT”) (https://ibn.fm/HBHkf). The industry’s vast energy requirements underscore an urgent need for scalable, eco-friendly solutions — a need that SolarBank is positioned to fulfill given its proven expertise in renewable energy.

With a focus on sustainability and reducing environmental impact, the company is thus joining the ranks of leading global companies invested in expanding data center capacity, including Amazon, Microsoft, Google, Meta Platforms, and Apple. Collectively, these tech giants have invested over $100 billion USD in data center infrastructure over the past five years. In addition, reputable data center providers such as Equinix, Digital Realty and CyrusOne have also made significant investments to address the digital economy’s need for resilient and efficient data facilities.

The move comes as the new administration just announced a $500 billion USD private sector investment over the next four years to build artificial intelligence infrastructure in the United States (https://ibn.fm/0FsiV). This investment would be largely supported by companies such as OpenAI, Softbank and Oracle, under a joint venture called Stargate. Ten data centers for the project are already under construction in Texas, and more are planned, according to Oracle Executive Chairman Larry Ellison. Other investors are expected to join the venture in the near future.

According to SolarBank CEO Richard Lu, expanding into the data center business aligns with the company’s vision of creating a resilient and sustainable energy grid. “Our experience in renewable energy will enable us to deliver energy-efficient, carbon-reducing data centers to support today’s data needs and tomorrow’s technological advancements,” Lu said. “As the world accelerates toward a future driven by AI, automation and clean energy, SolarBank remains committed to delivering innovative, scalable solutions that not only power industries but also empower communities.”

For more information, visit the company’s website at SolarBankCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN

There are several risks associated with the development of any data center. SolarBank is expanding into the data center industry but it does not currently have any data center projects under development or that it has secured rights to. SolarBank does not have any contracts with the parties mentioned in this news release. It is in discussions with various other parties regarding potential data center opportunities and will provide details in a future news release if an agreement to acquire or develop a data center is concluded. The development of any data center project is subject to identification of a suitable project site, receipt of required permits, entry into contracts for construction and the use of the data center, the availability of third-party financing arrangements for the company and the risks associated with the construction of a data center. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for renewable energy, which could result in future projects no longer being economic.

This report contains forward looking information. Please refer to https://ibn.fm/G76GJ for additional details.

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SolarBank Corp. SUUN | Leave a comment

MissionIRNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Gold Resource Increase at Fox Complex’s Grey Fox Deposit

Posted on February 5, 2025 by MissionIR

McEwen Mining (NYSE: MUX) (TSX: MUX) reported a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex, compared to its 2021 estimate. The discovery cost was $14.46 per ounce, with mineralization located near the historically productive Porcupine-Destor fault. The increase is attributed to exploration drilling, a higher gold price assumption of $2,000 per ounce versus $1,725 in 2021, and a lower cut-off grade of 1.60 g/t gold. Chairman Rob McEwen stated that the expanded resources will support higher annual production and extended mine life. A complete resource update is expected in the coming weeks.

To view the full press release, visit https://ibn.fm/2mTLj

About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visit www.McEwenMining.com.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Austin, Texas
www.MissionIR.com
512.354.7000 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in McEwen Mining Inc. MUX | Leave a comment

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Working to Capitalize on 2024 Trends

Posted on February 4, 2025 by MissionIR
  • Platinum and palladium have experienced continued demand growth in 2024.
  • This year has been marked by high levels of industrial and investment activity, with significant milestones achieved in a variety of sectors.
  • Platinum Group Metals (NYSE American: PLG) (TSX : PTM) has made significant strides in 2024, particularly through its Waterberg Project in South Africa.

This year has been important for platinum and palladium as well as for companies in the industry, such as Platinum Group Metals (NYSE American: PLG) (TSX: PTM). PGMs, which include platinum, palladium and rhodium, have experienced robust demand and growth in 2024. These metals are critical for industries such as automotive, jewelry and electronics and for emerging green technologies such as hydrogen fuel cells.

The year has been marked by high levels of industrial and investment activity, with significant milestones achieved in various sectors, including the following:

  • Industrial and automotive demand: Automotive demand for platinum reached its highest level in seven years, growing by 1% to 3.24 million ounces (https://ibn.fm/fPcif). This growth has been driven by increased use in catalytic converters for vehicles, particularly in response to stricter emission standards globally. The industrial sector also recorded a 1% increase in demand, reaching 2.37 million ounces. This uptick was fueled by applications in glass manufacturing, which saw a 47% year-over-year increase, and hydrogen-based technologies, which surged by 123%.
  • Jewelry and investment growth: Jewelry demand for platinum rose by 7% globally, with standout performances in India (28% growth) and Japan (8% growth), reflecting both export activity and rising consumer interest (https://ibn.fm/RDqwg). In addition, investment in platinum saw significant increases, particularly in China, where purchases of large bullion bars drove a 40% year-over-year rise (https://ibn.fm/ZoHhP).
  • Emerging markets and technological applications: The Asia-Pacific region dominated the market, supported by rapid growth in electronics manufacturing and expanding automotive production, while PGMs continue to play a pivotal role in green energy, particularly in hydrogen fuel cells and electrolysis, where demand has grown substantially.

All this spells good news for Platinum Group Metals, an emerging player in the PGM mining and exploration sector that is capitalizing on these trends. The company, which focuses on developing low-cost, sustainable mining operations, has made significant strides this year, particularly through its Waterberg Project in South Africa. As a large-scale PGM, copper and nickel mining initiative, the Waterberg Project progressed through several key phases in 2024. The project aligns with the growing global demand for sustainable mining practices and clean-energy applications. Notable recent advancements include the completion of infill and exploration drilling, resource development, updated resource and reserve estimates, and an updated Definitive Feasibility Study, solidifying the project’s potential as a major, low-cost supplier of PGMs.

Looking ahead, Platinum Group Metals Ltd. is poised to benefit from expected sustained demand for PGMs and base metals in the automotive, industrial and green-energy sectors. With the global push for cleaner technologies and increasing interest in hydrogen fuel cells, the company’s Waterberg Project and ongoing initiatives will play a critical role in meeting market needs. By aligning its operations with global sustainability goals and technological advancements, the company is setting itself up for long-term success in an evolving market landscape.

For more information, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Platinum Group Metals Ltd. PLG | Leave a comment

MissionIRNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

Posted on February 3, 2025 by MissionIR

McEwen Mining (NYSE: MUX) (TSX: MUX) announced a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex as of Dec. 31, 2024, compared to its 2021 estimate. The discovery cost averaged $14.46 per ounce, with new exploration drilling and higher gold prices contributing to the resource expansion. The updated resource estimate reflects a lower cut-off grade due to gold price adjustments from $1,750 to $2,000 per ounce. Chairman Rob McEwen stated that the expanded resources will support increased annual production and extended mine life. A full resource update is expected in the coming weeks.

To view the full press release, visit https://ibn.fm/7czX9

 About McEwen Mining Inc.

McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, the company owns approximately 47.7% of McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, chair and chief owner, has a personal investment in the company of $220 million and takes an annual salary of $1. To learn more about the company, visit www.McEwenMining.com.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://ibn.fm/MUX

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
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www.MissionIR.com
512.354.7000 Office
Editor@MissionIR.com

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AI Alliance in Europe Announces LLM to Rival DeepSeek and Silicon Valley

Posted on February 3, 2025 by MissionIR

As the AI dominance of Silicon Valley comes under attack from upstarts like DeepSeek, an alliance in Europe is planning to up the ante with its ambition to come up with European-grown alternatives that are as good as or even better than the existing artificial intelligence options.

The project, dubbed OpenEuroLLM, aims to develop next-gen open source Large Language Models to enable the continent to have leaders in the digital age and to make public services across the continent have access to cutting-edge tools that are homegrown. The alliance will create foundation models which support the languages on the continent and will be accessed by public service providers, commercial entities, industrial actors and academia.

More than 20 leading research companies, institutions and HPC (high performance computing) centers on the continent have signed up to this initiative. The project is being led by Jan Hajic, Charles University’s world-famous computational linguist. He will be assisted by Peter Sarlin, who co-founded Silo AI, which was the subject of a $665m acquisition by U.S.-based chipmaker AMD in 2024. Silo AI has the distinction of being the largest private artificial intelligence lab in Europe.

The project has the support of the European Commission and could well be the largest-ever such undertaking by the EU. Salin revealed that OpenEuroLLM is unique because it incorporates actors from across the continent, which is fertile ground for coming up with really groundbreaking innovations that can easily be scaled. He says that this approach is better than having different scattered actors working on different small projects around the continent. This concentrated effort, he adds, can build open AI models for the continent in ways which will facilitate innovation at scale.

Salin said that OpenEuro LLM currently has a $53.2 million budget. It also has commitments of computational power whose monetary value exceeds the cash budget of the alliance.

Funding for the alliance was secured from an EU scheme designed to support investments in technologies deemed to be of strategic importance to the continent. The European Commission has also provided funding. The EU is particularly interested in this project because it aligns with the EU’s objective of fortifying the digital sovereignty of the continent.

The alliance has opted for an open model of AI development so that the data, software and models can be accessed by any interested party that wishes to evaluate it. This approach also makes it easier to tailor the solutions to the needs of specific industries in ways that preserve the cultural and linguistic diversity of the continent.

More such projects are bound to be announced as nationalism in the tech field grows around the world. The need for metals like copper, gold and silver will consequently increase as AI infrastructure is established to actualize the ambitions of different countries and blocs. Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) producing these metals are bound to benefit from ever-rising demand.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

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MissionIRNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Prices $21 Million Public Offering

Posted on February 3, 2025 by MissionIR

Annovis Bio (NYSE: ANVS), a late-stage clinical drug platform company developing treatments for neurodegenerative diseases, has priced an underwritten public offering of 5.25 million shares of common stock and warrants at a combined price of $4 per share. The warrants, exercisable at $5 per share for five years, are expected to generate gross proceeds of $21 million before deducting expenses. ThinkEquity is the sole book-running manager. The offering is set to close Feb. 4, 2025, subject to customary conditions, with proceeds primarily allocated to working capital and further clinical development of its lead drug candidate, Buntanetap.

To view the full press releases, visit https://ibn.fm/rPn94 and https://ibn.fm/5lESN

About Annovis Bio Inc.

Annovis Bio, headquartered in Malvern, Pennsylvania, is committed to addressing neurodegeneration in diseases such as Alzheimer’s and Parkinson’s. The company is developing innovative therapies that target multiple neurotoxic proteins, with the goal of restoring brain function and improving the quality of life for patients.

For more information, visit the company’s website at www.AnnovisBio.com, and social channels LinkedIn, X and YouTube.

NOTE TO INVESTORS: The latest news and updates relating to ANVS are available in the company’s newsroom at https://ibn.fm/ANVS

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Austin, Texas
www.MissionIR.com
512.354.7000 Office
Editor@MissionIR.com

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MissionIRNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Joins Forces to Fuel Saudi Vision 2030

Posted on January 31, 2025 by MissionIR

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) was featured in a recent article that discussed its positioning amid Saudia Arabia’s ambition to establish itself as a global hub for mining, tapping into mineral wealth valued at more than $1.3 trillion. “Saudi Arabia is accelerating its efforts to diversify its economy, recently announcing more than $9 billion in new mining and metals agreements. Outlined during the 28th World Investment Conference in Riyadh, these deals are pivotal to the kingdom’s Vision 2030 initiative, aimed at reducing its dependence on oil and fostering growth in other industries,” the article reads.

“One of the noteworthy agreements from the conference is a memorandum of understanding (‘MOU’) between Platinum Group Metals, majority owner and operator of the Waterberg PGM Project in South Africa, Ajlan & Bros Mining, a prominent Saudi-based firm, and the Ministry of Investment of Saudi Arabia (‘MISA’). The agreement, signed under the Global Supply Chain Resilience Initiative, envisions a state-of-the-art platinum group metals (‘PGM’) smelter (‘PGM Smelter’) and base metal refinery (‘BMR’) to be located in Saudi Arabia… The partnership exemplifies the global trend toward collaborative ventures that address supply chain vulnerabilities and environmental challenges. The development of the PGM Smelter and BMR would not only benefit Saudi Arabia but also support investment in South Africa and contribute to the stability of global metal supplies, especially for industries reliant on platinum, palladium and rhodium.”

To view the full article, visit https://ibn.fm/mPCWV

About Platinum Group Metals Ltd.
Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Austin, Texas
www.MissionIR.com
512.354.7000 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Platinum Group Metals Ltd. PLG | Leave a comment