Press Releases
19 December 2023
Canada Nickel Company Inc., announced that it has extended the repayment date of the US$12 million loan facility announced September 18, 2023 with Auramet International, Inc. ("Auramet") to January 18, 2024 by agreeing to issue 350,000 one year common share purchase warrants with a strike price of $1.19 per share and pay an extension fee of 1.5% of the repayment amount of US$185,519. The loan will carry an interest rate of 1.25% per month for the extension period. The warrants
Read more...15 December 2023
Steel Partners Holdings L.P. a Delaware limited partnership announced today that it will effect a 1-for-12,500 reverse unit split (“Reverse Unit Split”) of its common units, no par value (the “Company Common Units”), followed immediately by a 12,500-for-1 forward unit split of the Company Common Units (the “Forward Unit Split,” and, together with the Reverse Unit Split, the “Reverse/Forward Unit Split”). The Reverse Unit Split is expected to bec
Read more...United States Steel Corporation today provided fourth quarter 2023 adjusted net earnings per diluted share guidance of $0.20 to $0.25. Fourth quarter 2023 adjusted EBITDA is expected to be approximately $250 million. Commenting on fourth quarter guidance, President and Chief Executive Officer David B. Burritt said, “Our expected fourth quarter performance is in-line with commentary provided on our October earnings call. We successfully navigated the impact of the autoworkers&r
Read more...13 December 2023
Flexsteel Industries, Inc. announced its Board of Directors declared a quarterly dividend of $0.15 per share, payable January 8, 2024, to shareholders of record as of December 28, 2023. Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 328th consecutive quarterly cash dividend. About Flexsteel Flexsteel Industries, Inc., and Subsidiaries (the “Company”) is one of the largest manufacturers, importe
Read more...12 December 2023
The Institute for Advanced Composites Manufacturing Innovation® (IACMI), in partnership with the Department of Defense's (DoD) Industrial Base Analysis and Sustainment (IBAS) Program, announced today a national workforce initiative to help meet essential U.S defense needs in the casting and forging industry. The multi-year agreement between DoD and IACMI is already underway to develop curriculum for a series of stackable training opportunities in the metals industry that focus on the
Read more...International Battery Metals Ltd. is pleased to announce that it has closed its previously announced private placement of units. Pursuant to the Private Placement, the Company issued 1,629,838 units (each a "Unit") at a price of CAD$0.70 per Unit, for aggregate gross proceeds of CAD$1,140,886. Each Unit consists of one common share in the capital of the Company (each, a "Common Share"), and one common share purchase warrant (each a "Warrant"
Read more...8 December 2023
Lifezone Metals Limited is a modern metals company that creates value across the entire battery metals supply chain, from resources to metal production and recycling. Lifezone Metals CEO Chris Showalter is pleased to announce the Mineral Resource Update for the Kabanga Nickel Project, located in northwestern Tanzania. The November 2023 Mineral Resources Update reflects the results of Lifezone Metals' 2021-2023 drilling programs and an updated interpretation of mineralization, reconfirming
Read more...Klauer Manufacturing Company, an innovator in the steel siding industry, announced the release of its latest creation in the building construction field – the Cottage Wood shingle. The Cottage Wood shingle is a revolutionary product that’s crafted using heavy-gauge steel and durable, state-of-the-art finishes and coatings. Manufactured with A653 galvanized Kynar 500 finish, the shingles are guaranteed to retain their beauty and outperform competing materials. No other sh
Read more...7 December 2023
Cleveland-Cliffs Inc.today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,100 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacture
Read more...Rio Tinto will today hold its 2023 Investor Seminar in Sydney, where it will update on progress in its long-term strategy of investing with discipline to strengthen operations, deliver growth in a decarbonising world and continue to generate attractive shareholder returns. Rio Tinto Chief Executive Jakob Stausholm said: “We strongly believe we are well positioned in an opportunity rich world. There has never been greater demand for what we do, from mining to processing, and th
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