CEPM offers enterprises a proactive approach to cloud optimization integrated into engineering workflows, and drives immediate savings and long-term efficiency.
NEW YORK, NY / ACCESS Newswire / May 21, 2025 / PointFive, a leading provider of innovative cloud efficiency solutions, announced the launch of Cloud Efficiency Posture Management (CEPM), a new category of cloud optimization technology designed for enterprise engineering and FinOps teams. Inspired by the Cloud Security Posture Management (CSPM), CEPM represents a shift from periodic cost reviews to an always-on, strategic discipline for managing cloud efficiency across an organization.
Traditional cloud cost management tools typically emphasize financial reporting and surface-level optimizations. They neglect deeper technical inefficiencies, resulting in missed opportunities and limited accountability from engineering teams. CEPM addresses this critical gap by proactively detecting hidden cloud waste, providing context, and actionable recommendations.
“We started PointFive to solve cloud inefficiency at its root – the technical, operational reasons – not just surface-level cost management,” said Alon Arvatz, CEO and Founder of PointFive. “Our new CEPM approach makes cloud efficiency as routine and automatic as cloud security, embedding ongoing optimization deeply into daily engineering processes. This shift is essential for enterprises to realize sustainable efficiency at scale.”
“When we started exploring CEPM across different cloud providers, we were struck by how profoundly each platform’s unique metrics influence efficiency,” said Dor Azouri, VP of Research at PointFive. “Traditional tools overlook this because their focus is surface-level visibility. With DeepWaste™, context is everything. The significant savings we uncovered were eye-opening.”
Key features of CEPM include:
Deep Optimization Insights: Identifies subtle inefficiencies missed by traditional tools, providing actionable, engineer-friendly recommendations.
Seamless Workflow Integration: Directly integrates widely-used engineering platforms like Jira and ServiceNow and communication platforms like Slack and Teams, embedding efficiency management into everyday tasks without disruption.
Rapid ROI and Immediate Impact: Enterprises such as Blackhawk Network (BHN), E.ON, Elastic, and Fanatics have already seen increased efficiency and significant cost savings within weeks of deployment.
Frictionless, Rapid Deployment: CEPM’s agentless architecture enables deployment in a single integration, providing immediate visibility into inefficiencies and opportunities.
Unique Azure Insights and Expanded Multi-Cloud Optimization: PointFive fully supports Microsoft Azure, AWS, and GCP. The importance of CEPM becomes even more evident in multi-cloud environments, where each provider surfaces different metrics, cost structures, and usage patterns. Azure, for example, reveals inefficiencies that may never appear in AWS, making cross-cloud efficiency difficult to standardize manually. CEPM bridges these gaps. It automates the discovery of cloud-specific opportunities while providing a unified, organization-wide view of efficiency posture. Early Azure adopters have uncovered millions in savings from inefficiencies unique to Azure’s environment.
Customers like BHN have successfully streamlined cloud optimization practices through CEPM, fostering deeper engineering engagement and sustained cost efficiencies.
“Cloud optimization should not be a periodic task or reactive exercise,” Arvatz emphasized. “CEPM empowers engineering teams to continuously embed efficiency into daily operations. The result is sustainable cloud savings, improved reliability, and increased agility – delivering strategic value far beyond simple cost-cutting.”
To learn more about CEPM and how PointFive is redefining cloud optimization, visit www.pointfive.co.
About PointFive PointFive delivers innovative cloud efficiency solutions for enterprise engineering and FinOps teams. Its Cloud Efficiency Posture Management (CEPM) platform offers deep, actionable insights, continuous optimization, and measurable outcomes, enabling enterprises to proactively manage cloud resources and achieve sustainable efficiency.
HOUSTON, TEXAS / ACCESS Newswire / May 21, 2025 / EON Resources Inc. (NYSE American:EONR) (“EON” or the “Company”) is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company posted an updated investor deck and the first quarter of 2025 earnings call deck to the Company’s website: https://www.eon-r.com/presentations.
About the Oil Field Property
In November 2023, the Company acquired LH Operating, LLC (“LHO”) including its holdings in New Mexico of oil and gas waterflood production comprising 13,700 contiguous leasehold acres, 342 producing wells and 207 injection wells situated on 20 federal and 3 state leases in the Grayburg-Jackson Oil Field. The Grayburg-Jackson Oil Field is located on the Northwest Shelf of the prolific Permian Basin in Eddy County, New Mexico.
Leasehold rights of LHO, now a wholly owned subsidiary of the Company, include the Seven Rivers, Queen, Grayburg and San Andres intervals that range from as shallow as 1,500 feet to 4,000 feet in depth. The December 2023 reserve report from our third-party engineer, William H. Cobb and Associates, Inc. (“Cobb”), reflects LHO to have proven reserves of approximately 15.4 million barrels of oil and 3.5 billion cubic feet of natural gas. The mapped original-oil-in-place (“OOIP”) in the LHO leasehold is approximately 876 million barrels of oil in the Grayburg and San Andres intervals and 80 million barrels in the Seven Rivers interval for a total OOIP of approximately 956,000,000 barrels of oil.
Our primary production is currently from the Seven Rivers zone. In addition to proven reserves, the Company believes it may access an additional 34 million barrels of oil by adding perforations in the Grayburg and San Andres formations. With proven oil reserves of over 15 million barrels, combined with the potential 34 million additional barrels from the Grayburg and San Andres zones, LHO should produce oil and a revenue stream for more than two decades with a low decline rate.
About EON Resources Inc.
EON is an independent upstream energy company focused on maximizing total returns to its shareholders through the development of onshore oil and natural gas properties in the United States. EON’s long-term goal is to maximize total shareholder value from a diversified portfolio of long-life oil and natural gas properties built through acquisition and through selective development, production enhancement, and other exploitation efforts on its oil and natural gas properties.
EON’s Class A Common Stock trades on the NYSE American Stock Exchange (NYSE American: EONR) and the Company’s public warrants trade on the NYSE American Stock Exchange (NYSE American: EONR WS). For more information on EON, please visit the Company’s website: https://eon-r.com/.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from what is expected. Words such as “expects,” “believes,” “anticipates,” “intends,” “estimates,” “seeks,” “may,” “might,” “plan,” “possible,” “should” and variations and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements relate to future events or future results, based on currently available information and reflect the Company’s management’s current beliefs. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements. Important factors – including the availability of funds, the results of financing efforts and the risks relating to our business – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on EDGAR (see www.edgar-online.com) and with the Securities and Exchange Commission (see www.sec.gov). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Investor Relations
Michael J. Porter, President PORTER, LEVAY & ROSE, INC. mike@plrinvest.com
AUSTIN, TEXAS / ACCESS Newswire / May 21, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech and Wattbike, today announced that it has updated its investor FAQ’s on its investor website in response to shareholder questions around its AGM date and other corporate actions.
For more commentary, information and details on the rationale for and structure of the expected acquisitions, please see TRNR’s investor presentation on the Company’s investor website as well as its required filings with the US Securities & Exchange Commission (SEC).
Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR).
CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR’s design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.
FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company’s connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.
Forward Looking Statements: This press release includes certain statements that are “forward-looking statements” for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management’s assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will be”, “will continue”, “will likely result” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced pending transactions in a timely manner or at all, the financial performance of those acquisitions and the resulting guidance of having more than $75m of pro forma revenue in 2025, achieving profitability by Q4, and the financial performance of the acquisition targets which have not been audited or reviewed by a PCAOB auditor and could vary materially (a) once that audit or review work is completed and such financials are included in the Company’s reported financials and (b) due to the effect of the exchange rates of foreign currencies which can be volatile. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.
SAN FRANCISCO, CA / ACCESS Newswire / May 21, 2025 / Jaguar Health, Inc. (NASDAQ:JAGX) (“Jaguar” or “the Company”), today announced that it has entered into definitive agreements for the purchase and sale of 246,306 shares of common stock at a purchase price of $6.09 per share in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company agreed to issue to investors unregistered warrants to purchase up to 492,612 shares of common stock at an exercise price of $5.84 per share that will be immediately exercisable upon issuance and will expire on the earlier of (i) 24 months from the date of issuance, (ii) the consummation of a fundamental transaction and (iii) the consummation of a liquidation event. The closing of the offering is expected to occur on or about May 22, 2025, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The gross proceeds to the Company from the offering are expected to be approximately $1.5 million before deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for general corporate purposes, including growth capital, working capital, operating expenses, repayment of outstanding convertible promissory notes that are not converted into Common Stock by holders, and capital expenditures.
The common stock (but not the unregistered warrants and the shares of common stock underlying the unregistered warrants) described above are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-278861) that was declared effective by the Securities and Exchange Commission (the “SEC”) on May 1, 2024. The offering of the shares of common stock is being made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at http://www.sec.gov or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, New York 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.
The unregistered warrants described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying such unregistered warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the unregistered warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About the Jaguar Health Family of Companies
Jaguar Health, Inc. (Jaguar) is a commercial stage pharmaceuticals company focused on developing novel proprietary prescription medicines sustainably derived from plants from rainforest areas for people and animals with gastrointestinal distress, specifically associated with overactive bowel, which includes symptoms such as chronic debilitating diarrhea, urgency, bowel incontinence, and cramping pain. Jaguar family company Napo Pharmaceuticals (Napo) focuses on developing and commercializing human prescription pharmaceuticals for essential supportive care and management of neglected gastrointestinal symptoms across multiple complicated disease states. Napo’s crofelemer is FDA-approved under the brand name Mytesi® for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. Jaguar family company Napo Therapeutics is an Italian corporation Jaguar established in Milan, Italy in 2021 focused on expanding crofelemer access in Europe and specifically for orphan and/or rare diseases. Jaguar Animal Health is a Jaguar tradename. Magdalena Biosciences, a joint venture formed by Jaguar and Filament Health Corp. that emerged from Jaguar’s Entheogen Therapeutics Initiative (ETI), is focused on developing novel prescription medicines derived from plants for mental health indications.
Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These include statements regarding the expected closing of the offering, the intended use of proceeds from the offering, and the Company’s expectations for future development, operations, business strategies and financial performance. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “aim,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this release are only predictions. Jaguar has based these forward-looking statements largely on its current expectations and projections about future events. These forward-looking statements speak only as of the date of this release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond Jaguar’s control. Except as required by applicable law, Jaguar does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
From Tax Bracket Adjustments to New Audit Priorities, Clear Start Tax Helps Taxpayers Navigate the Year’s Key IRS Changes
IRVINE, CALIFORNIA / ACCESS Newswire / May 21, 2025 / With major IRS updates rolling out in 2025, Clear Start Tax, a nationally recognized tax resolution firm, is helping Americans understand what these changes mean for their finances, tax returns, and audit exposure. While the IRS is expanding enforcement efforts, it’s also introducing key adjustments and opportunities that taxpayers should understand before they file.
From inflation adjustments to new enforcement priorities, Clear Start Tax breaks down what taxpayers need to know to stay informed and protected.
Preparing Taxpayers for 2025: Clear Start Tax’s Guide to IRS Changes
Clear Start Tax is helping taxpayers stay informed and prepared as the IRS rolls out several important policy changes for 2025. From updated tax brackets to expanded retirement limits, here’s what individuals and families need to know to plan ahead.
Inflation-Adjusted Tax Brackets and Standard Deductions
According to Clear Start Tax, to keep pace with rising costs, the IRS has increased tax bracket thresholds and standard deductions for 2025.
Standard deduction increases:
Single filers: $15,000 (up from $14,600)
Married filing jointly: $30,000 (up from $29,200)
Heads of household: $22,500 (up from $21,900)
Tax bracket adjustments: Income thresholds have been raised by roughly 2.8% to help taxpayers avoid being pushed into higher brackets due to inflation alone.
Retirement Contribution Limit Enhancements
Clear Start Tax shares good news for retirement savers: the IRS has raised contribution limits for 2025.
401(k), 403(b), 457 plans: $23,500 (up from $23,000)
Catch-up contributions:
Age 50+: $7,500
New for ages 60-63: $11,250, bringing total potential contributions to $34,750
Estate and Gift Tax Exclusion Increase
Families making long-term plans will benefit from expanded limits:
Individuals: $13.99 million (up from $13.61 million)
Married couples: $27.98 million
Expanded IRS Direct File Program
More taxpayers now have access to free IRS filing options:
Available in 24 states
Now covers taxpayers with 1099 income and credits like the Child and Dependent Care Credit
Increased Focus on High-Income Audits
Clear Start Tax warns that IRS enforcement will increasingly target:
High-income households
Cryptocurrency transactions
Small businesses claiming large deductions
This shift makes careful tax preparation, documentation, and professional guidance more important than ever.
“Understanding these updates is critical to making informed tax decisions and avoiding surprises,” said the Head of Client Solutions at Clear Start Tax. “We help our clients navigate these new rules, protect their finances, and stay compliant with confidence.”
How Clear Start Tax Helps Taxpayers Stay Prepared
With new policies come new risks-and opportunities. Clear Start Tax provides:
Personalized financial reviews to assess impact
Guidance on selecting the right IRS relief programs
Expert negotiation and communication with the IRS
Ongoing compliance support to avoid penalties or audits
About Clear Start Tax
Clear Start Tax is a full-service tax liability resolution firm that serves taxpayers throughout the United States. The company specializes in assisting individuals and businesses with a wide range of IRS and state tax issues, including back taxes, wage garnishment relief, IRS appeals, and offers in compromise. Clear Start Tax helps taxpayers apply for the IRS Fresh Start Program, providing expert guidance in tax resolution. Fully accredited and A+ rated by the Better Business Bureau, the firm’s unique approach and commitment to long-term client success distinguish it as a leader in the tax resolution industry.
NEWARK, CA / ACCESS Newswire / May 21, 2025 / Protagonist Therapeutics, Inc. (“Protagonist” or the “Company”) today announced that Dinesh V. Patel, Ph.D., President and Chief Executive Officer, will present a company overview at the Jefferies Global Healthcare Conference taking place June 3-5, 2025, in New York, NY. The Company will also participate in one-on-one meetings.
Jefferies Global Healthcare Conference – June 3-5, 2025
About Protagonist Protagonist Therapeutics is a discovery through late-stage development biopharmaceutical company. Two novel peptides, icotrokinra and rusfertide, derived from Protagonist’s proprietary discovery platform are currently in advanced Phase 3 clinical development, with New Drug Application submissions to the FDA expected in 2025. Icotrokinra (JNJ-2113) is a first-in-class investigational targeted oral peptide that selectively blocks the Interleukin-23 receptor (“IL-23R”) which is licensed to Janssen Biotech, Inc., a Johnson & Johnson company. Following icotrokinra’s joint discovery by Protagonist and Johnson & Johnson scientists pursuant to the companies’ IL-23R collaboration, Protagonist was primarily responsible for development of icotrokinra through Phase 1, with Johnson & Johnson assuming responsibility for development in Phase 2 and beyond. Rusfertide, a mimetic of the natural hormone hepcidin, is currently in Phase 3 development for the rare blood disorder polycythemia vera (PV). Rusfertide is being co-developed and will be co-commercialized with Takeda Pharmaceuticals pursuant to a worldwide collaboration and license agreement entered into in 2024 under which the Company remains primarily responsible for development through NDA filing. The Company also has a number of pre-clinical stage oral drug discovery programs addressing clinically and commercially validated targets, including the IL-17 oral peptide antagonist PN-881, an oral hepcidin program, and an oral obesity program.
More information on Protagonist, its pipeline drug candidates and clinical studies can be found on the Company’s website at www.protagonist-inc.com.
CAMBRIDGE, MA / ACCESS Newswire / May 21, 2025 / Moderna, Inc. (Nasdaq:MRNA), today announced that in consultation with the U.S. Food and Drug Administration (FDA), the Company has voluntarily withdrawn the pending Biologics License Application (BLA) for mRNA-1083, its flu/COVID combination vaccine candidate for adults aged 50 years and older. The Company plans to resubmit the BLA later this year, after vaccine efficacy data from the ongoing Phase 3 trial of its investigational seasonal influenza vaccine, mRNA-1010, are available. Moderna continues to expect interim data from the mRNA-1010 trial to be available this summer.
About Moderna
Moderna is a leader in the creation of the field of mRNA medicine. Through the advancement of mRNA technology, Moderna is reimagining how medicines are made and transforming how we treat and prevent disease for everyone. By working at the intersection of science, technology and health for more than a decade, the company has developed medicines at unprecedented speed and efficiency, including one of the earliest and most effective COVID-19 vaccines.
Moderna’s mRNA platform has enabled the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases and autoimmune diseases. With a unique culture and a global team driven by the Moderna values and mindsets to responsibly change the future of human health, Moderna strives to deliver the greatest possible impact to people through mRNA medicines. For more information about Moderna, please visit modernatx.com and connect with us on X (formerly Twitter), Facebook, Instagram, YouTube and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the withdrawal of the BLA for mRNA-1083, plans for future resubmission of the mRNa-1083 BLA, and anticipated timing for efficacy data for Moderna’s seasonal flu vaccine candidate, mRNA-1010. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading “Risk Factors” in Moderna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in subsequent filings made by Moderna with the U.S. Securities and Exchange Commission, which are available on the SEC’s website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna’s current expectations and speak only as of the date of this press release.
TORONTO, ON / ACCESS Newswire / May 21, 2025 / Grid Metals Corp. (TSXV:GRDM)(OTCQB:MSMGF) (“Grid” or the “Company”) announced drill results from the remaining 19 drill holes at the Eagle gabbro and the completion of new geophysical surveys at the Mayville copper/nickel project in southeastern Manitoba. The drilling confirmed a 2 km mineralized trend at the eastern part of the Mayville Complex. Newly completed airborne geophysics has provided multiple targets for new discoveries and resource expansion.
The next planned Grid drill program in the Bird River area is at the Makwa nickel/copper property. Permitting for exploration drilling is well advanced and an ongoing field program at Makwa is focused on the highest priority geophysical targets from the recently completed Geotech Ltd. VTEM™ MAX electromagnetic survey. The Makwa property is subject to an option and joint venture agreement currently funded by Teck Resources Limited.
The Company is also in the process of permitting exploration drilling at the Falcon West property for cesium. The most recent drilling at the Lucy pegmatite (Q1 2024) by Grid intersected 3.20m of 4.6% Cs2O in a >100-metre-long cesium-enrichment trend. The drill target at Lucy is a near-surface, flat-lying cesium and lithium-enriched portion of the larger Lucy Pegmatite in which most of the cesium is believed to be associated with the primary cesium ore mineral, pollucite. Pollucite is the preferred feedstock to the cesium chemicals industry, including the nearby Tantalum Mining Corporation of Canada Ltd.’s cesium chemical plant. The next phase of drilling at the Lucy Pegmatite will be designed to test the distribution of pollucite within this specific target area.
Eagle Gabbro Exploration Highlights
The Eagle gabbro drill program intersected disseminated copper/nickel sulfide mineralization at three locations along 2 km of strike length at the Eagle gabbro on the eastern end of the Mayville copper/nickel project. Highlights from the remaining holes include:
70.8m at 0.85% CuEq1 from 105.2m in hole EAG24-07, including 13.8m at 1.50% CuEq from 110.0m (New Manitoba deposit3 area)
8.9m at 0.90% CuEq from 149.6m in hole EAG24-09
19.7m at 0.82% CuEq from 145.0m in hole EAG24-16
22.3m at 0.75% CuEq from 172.0m in hole EAG24-17
6.5m at 1.07% CuEq from 84.4m in hole EAG24-22
New airborne EM surveys completed in Q4 2024 have defined numerous, strong EM anomalies at the Mayville project that could reflect massive magmatic sulfide accumulations.
Dr. Dave Peck, P.Geo., Grid’s Vice President of Exploration, stated “The new drill results confirm the mineralized nature at the Eagle gabbro, which is located ~10 km from Grid’s existing 32 Mt indicated open-pit, copper-rich Mayville deposit2. We are now looking at a ~20 km long mineralized mafic-ultramafic complex having demonstrated potential to expand on the Mayville resource. Moreover, the results from the recent, deep penetrating EM surveys have highlighted the potential for high-grade massive sulfide deposits on the Property. In the future, adding new high-grade resources to the known near-surface disseminated sulfide deposits is seen as the best path forward for this project.”
Figure 1. Location of the 1) Mayville Deposit (yellow); 2) the top-ranked and untested conductor anomalies potentially associated with massive Cu-Ni sulfide mineralization at the Mayville project; and 3) the Eagle gabbro area. The map shows the interpreted limits of the Mayville-Eagle Complex (black outline) on a tilt derivative total magnetic intensity background image.
1 The Mayville deposit is located ~10 km to the west of the Eagle gabbro and is estimated to contain 32.0 million tonnes of indicated resources averaging 0.40% Cu and 0.16% Ni (see the Company’s May 6, 2024 news release for details)
2 Cu Eq is the copper equivalent grade, calculated as follows: CuEq (%) = Cu% + ((Ni% x NiR x NiP) + (Co% x CoR x CoP) + (Pt g/t x PtR x PtP) + (Pd g/t x PdR x PdP) + (Au g/t x AuR x AuP))/(CuR x CuP) where R = metal recovery and P = metal price. The following fixed metallurgical recoveries were assumed, guided by metallurgical test results reported by Micon International in the current Technical Report for the property (June 2024 – see Company website for details): Cu – 85%; Ni and Co – 60%; Pd, Pt and Au – 70%. The following long-term metal prices in US dollar amounts were assumed: Cu – $4.00/lb; Ni – $9.00/lb; Co – $22.50/lb; Pd – $1,100/oz; Pt – $1,100/oz; Au – $2,200/oz.
3 The New Manitoba deposit has a historical resource estimate of 2.0 million short tons averaging 0.75% Cu and 0.33% Ni (Manitoba Mineral Inventory Card #217). The Company has not been able to verify the historical estimate as relevant and the historical estimate should not be relied on.
Figure 2. Hole locations for the Q4 2024 Eagle gabbro drilling program. The map shows the interpreted position of the 4 km-long Eagle gabbro (black dotted outline), which is the host to the New Manitoba deposit, on a tilt derivative total magnetic intensity background image. Magnetic high anomalies are indicated by warmer colours.
Drill Program and Detailed Results A total of 4,132 metres were drilled in 25 holes during the Q4 2024 drill program at the Eagle gabbro (Figure 1). Three discrete targets were tested along a ~2 km segment of the Eagle gabbro. These included 11 holes targeting the historical New Manitoba deposit in the south (holes EAG24-01 to 11); 4 holes at a linear magnetic anomaly located ~500m north of the New Manitoba deposit (‘E15’ target; holes EAG24-13, 14, 16 and 17); and 6 holes at a previously untested disseminated sulfide occurrence at the Acme target area, located 1.2 km north of E15 (holes EAG24-20-25). Two holes were drilled on a conductor (EAG24-016) and a flanking magnetic anomaly (EAG24-17) located ~1 km east of the Eagle gabbro. One hole tested an unmapped magnetic anomaly located along the east side of the Eagle gabbro (EAG24-12). One hole was abandoned (EAG24-15).
All but one of the holes that intersected the Eagle gabbro encountered a steeply-dipping, several metre- to ~40-metre-thick interval of Cu-rich disseminated sulfide mineralization (the ‘Eagle Cu Zone’). The average grades and metal tenors for the Eagle Cu Zone closely resemble those characterizing the Mayville deposit. Most of these new drill intersections are shallow (<100 metres vertical depth>
Table 1. Highlights for the Q4 2024 Eagle drilling program. The true thickness of the drill intersections reported here are estimated to represent 40 – 90% of the interval lengths. Results for drill holes EAG24-01 to 06 were previously reported (see the Company’s Dec. 2, 2024 news release).
From (m)
To (m)
Interval (m)
Cu (%)
Ni (%)
Co (%)
Pd (g/t)
Pt (g/t)
Au (g/t)
S (%)
Cu Eq (%)
Target Area
EAG24-01
45.50
87.15
41.65
0.35
0.10
0.01
0.05
0.01
0.03
1.44
0.58
E15
inc.
63.75
79.00
15.25
0.65
0.11
0.01
0.07
0.02
0.05
1.87
0.92
with
75.90
77.00
1.10
3.43
0.11
0.01
0.01
0.00
0.09
4.53
3.70
and inc.
86.50
87.15
0.65
0.30
1.40
0.07
0.43
0.06
0.01
17.9
2.95
EAG24-02
53.00
90.00
37.00
0.41
0.12
0.01
0.06
0.02
0.04
1.69
0.69
E15
inc.
69.00
89.00
20.00
0.61
0.16
0.01
0.08
0.03
0.06
2.46
0.99
EAG24-03
56.00
93.90
37.90
0.38
0.17
0.01
0.07
0.02
0.03
2.46
0.74
New Manitoba
inc.
82.00
88.00
6.00
0.49
0.45
0.03
0.11
0.04
0.04
7.03
1.41
with
86.35
87.05
0.70
0.28
1.28
0.09
0.21
0.12
0.07
18.77
2.81
EAG24-04
62.00
82.00
20.00
0.45
0.21
0.02
0.05
0.02
0.03
3.36
0.90
New Manitoba
inc.
69.00
73.00
4.00
0.87
0.58
0.04
0.06
0.03
0.05
9.20
2.03
EAG24-05
55.00
101.0
46.00
0.58
0.15
0.01
0.09
0.03
0.05
2.79
0.95
New Manitoba
inc.
71.55
98.00
26.45
0.78
0.16
0.01
0.13
0.05
0.07
3.03
1.19
EAG24-06
50.00
94.30
44.30
0.46
0.21
0.02
0.09
0.03
0.04
3.03
0.93
New Manitoba
inc.
63.00
88.00
25.00
0.72
0.35
0.03
0.13
0.05
0.05
5.05
1.47
with
71.25
86.00
14.75
0.87
0.47
0.03
0.16
0.06
0.06
6.43
1.86
and inc.
71.25
72.00
0.75
0.20
2.37
0.16
0.58
0.38
0.01
9.44
4.92
EAG24-07
105.2
176.0
70.8
0.49
0.15
0.01
0.08
0.03
0.05
2.36
0.85
New Manitoba
inc.
106.0
139.6
33.6
0.69
0.21
0.02
0.13
0.05
0.08
3.47
1.20
with
111.0
124.8
13.8
0.90
0.25
0.02
0.16
0.06
0.10
4.27
1.50
EAG24-09
149.6
158.5
8.90
0.63
0.11
0.01
0.07
0.02
0.03
2.05
0.90
New Manitoba
EAG24-10
86.00
102.2
16.25
0.57
0.21
0.02
0.09
0.03
0.05
3.60
1.04
New Manitoba
EAG24-16
145.0
181.0
36.00
0.37
0.12
0.01
0.06
0.02
0.03
1.51
0.66
E15
inc.
160.2
180.0
19.75
0.48
0.15
0.01
0.08
0.02
0.04
1.85
0.82
EAG24-17
172.0
194.3
22.30
0.41
0.15
0.01
0.03
0.07
0.02
1.90
0.75
E15
inc.
173.0
182.0
9.00
0.53
0.17
0.01
0.05
0.08
0.03
2.18
0.91
EAG24-21
74.00
77.00
3.00
0.56
0.15
0.01
0.10
0.03
0.05
1.40
0.92
Acme
inc.
91.00
97.75
6.75
0.43
0.10
0.01
0.07
0.03
0.09
0.93
0.70
EAG24-22
84.45
105.0
20.55
0.27
0.08
0.01
0.04
0.02
0.11
1.16
0.52
Acme
inc.
84.45
91.00
6.55
0.56
0.15
0.01
0.09
0.03
0.30
1.66
1.07
EAG24-23
114.0
118.2
4.20
0.42
0.13
0.01
0.06
0.02
0.05
1.23
0.72
Acme
Geophysical Surveys Two new airborne EM surveys were completed during the fall and winter of 2024 at the Mayville project area. Geotech Ltd. completed a 143 line km time domain VTEM™ MAX survey over a 3.3 by 4.5 km area at a nominal line spacing of 100 metres and covering the Eagle gabbro in the eastern part of the project area. Geotech also completed a 258 line km deep-penetrating frequency domain EM survey over an 6.8 by 10.4 km area at a nominal 300 metre line spacing covering the central and eastern part of the Mayville-Eagle project area using their proprietary heli-borne ZTEM™ system. Preliminary modeling of the new survey results has identified several strongly conductive anomalies coincident with mapped or interpreted (from magnetics) parts of the 20 km long Mayville-Eagle Complex and with interpreted northeast-striking feeder structures to the complex.
A 5-line pole-dipole IP survey was also completed during the past winter over an area of ~800 metres x 900 metres that covers the historical New Manitoba deposit. The results of the survey highlight a large chargeability anomaly associated with the deposit but extending east and north beyond the known limits of the deposit. The new results highlight an opportunity to expand the historical resources estimated at New Manitoba.
Quality Assurance and Quality Control Grid Metals applies best practice quality assurance and quality control (“QAQC”) protocols in all of its exploration programs. For the current Eagle drilling program, core was logged and sampled at the Company’s core facility located on the Makwa property. Standard 1.0 metre sample lengths were used. Samples were bagged and tagged and then transported by secure carrier to the Actlabs (Thunder Bay) laboratory for sample preparation and analysis for nickel, copper, cobalt and selected major and trace element abundances using a multi-acid digestion method followed by ICP-OES analysis. Samples were also analyzed for Pd, Pt and Au using a lead collection 30 g fire assay method followed by ICP-OES analysis. The Company is using several different certified reference materials (“CRMs”) and one analytical blank for the Makwa program to monitor analytical accuracy and check for cross contamination between samples. The analytical results for the CRMs and the blank for the new analytical results reported here did not show any significant bias compared to the certified values and the fell within the acceptable limits of variability.
For more information about the Company, please see the Company website at www.gridmetalscorp.com or contact:
Qualified Persons Statements Dr. Dave Peck, P.Geo., the VP Exploration of Grid, is the Qualified Person for purposes of National Instrument 43-101 and has reviewed and approved the technical content of this release.
About Grid Metals Corp. Grid Metals is focused on exploration and development in southeastern Manitoba with four key projects in the Bird River area.
The Makwa Property (Ni-Cu-PGM-Co), which is subject to an Option and Joint Venture Agreement with Teck Resources Limited (“Teck”). Teck can earn up to a 70% interest in Makwa by incurring a total of CAD$17.3 million, comprising project expenditures (CAD$15.7 million) and cash payments or equity participation (CAD$1.6 million) with Grid. Makwa is located on the south arm of the Bird River Greenstone Belt.
The Mayville Property (Cu-Ni) is located on the north arm of the Bird River Greenstone Belt. The property is owned subject to a minority interest.
The Donner Property (Li-Cs) is adjacent to the Mayville Property, and Grid owns 75% of the project. Grid announced a cesium purchase agreement with Tanco on February 18, 2025.
The Falcon West Property (Li-Cs) is located 110 km east of Winnipeg along the Trans-Canada highway and contains highly anomalous cesium values in a number of historical drill holes including 2.2 m at 15.0% Cs2O and 3.2 m at 4.6% Cs2O.
All of the Company’s southeastern Manitoba projects are located on the ancestral lands of the Sagkeeng First Nation with whom the Company maintains an Exploration Agreement.
We seek safe harbour. This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, “forward-looking statements”). Such forward-looking statements include the Company’s closing of the proposed financial transactions, sale of royalty and property interests. the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, metallurgical risk, currency fluctuations, fluctuations in the price of nickel, cobalt, copper and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company’s Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Appendix: Drill hole specifications for all holes completed during the Q4 2024 Eagle gabbro drilling program. Collar coordinates are based on a NAD83 UTM Zone 15N projection.
Company successfully completes major equipment and process flow testing for the commercial design of its large-scale boron facility
5E’s project advancements positions the United States to maintain position of strength in the global boron supply chain and disrupt the global boron market oligopoly
HESPERIA, CA / ACCESS Newswire / May 21, 2025 / 5E Advanced Materials, Inc. (Nasdaq:FEAM)(ASX:5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas Complex, today announced that it has achieved another developmental milestone, completing equipment testing for all major processes of the commercial design for its large-scale boron facility. This disciplined approach now enables 5E to focus and transition the team’s efforts towards updating the Company’s technical report summary in the near term.
“Over the past three months, 5E and our EPC-partner Fluor have coordinated with various equipment manufacturers, third-party laboratories and our Small-Scale Facility team to test various aspects of our commercial design,” stated Paul Weibel, Chief Executive Officer. “The testing has included crystallization, metal impurity removal, centrifuges, filtration, reverse osmosis, membrane technology, and dryer packages. As expected, our testing was highly successful and the results of which now position the Company to update our technical report summary and initiate a smooth transition to FEED engineering. We believe the successful testing at this phase in the process will carry significant merit during our project financing diligence as we position the Company to break up the global boron market’s oligopoly. Our success will ensure that the United States no longer has a single point of supply chain failure and maintains a position of strength in the global boron market.”
About 5E Advanced Materials, Inc.
5E Advanced Materials, Inc. (NASDAQ: FEAM) (ASX:5EA) is focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium co-product production. The Company’s mission is to become a supplier of these critical materials to industries addressing global decarbonization, food and domestic security. Boron and lithium products will target applications in the fields of electric transportation, clean energy infrastructure, such as solar and wind power, fertilizers, and domestic security. The business strategy and objectives are to develop capabilities ranging from upstream extraction and product sales of boric acid, lithium carbonate and potentially other co-products, to downstream boron advanced material processing and development. The business is based on our large domestic boron and lithium resource, which is located in Southern California and designated as Critical Infrastructure by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical fact included in this press release regarding the Company’s business strategy, plans, goals, and objectives, including regarding the expected closing date of the private placement transaction and the anticipated benefits of the private placement transaction, are forward-looking statements. When used in this press release, the words “believe,” “project,” “expect,” “forecast,” “anticipate,” “estimate,” “intend,” “seek,” “budget,” “target,” “aim,” “strategy,” “plan,” “guidance,” “outlook,” “intent,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the extraction of the critical materials we intend to produce and advanced materials production and development. These risks include, but are not limited to: our limited operating history in the borates and lithium industries and no revenue from our proposed extraction operations at our properties; our need for substantial additional financing to continue as a going concern and to execute our business plan and our ability to access capital and the financial markets; our status as an exploration stage company dependent on a single project with no known Regulation S-K 1300 mineral reserves and the inherent uncertainty in estimates of mineral resources; our lack of history in mineral production and the significant risks associated with achieving our business strategies, including our downstream processing ambitions; our incurrence of significant net operating losses to date and plans to incur continued losses for the foreseeable future; risks and uncertainties relating to the development of the Fort Cady project, including our ability to timely and successfully complete our proposed Commercial Scale Boron Facility, and related matters on a timely manner or at all; our ability to obtain, maintain and renew required governmental permits for our development activities, including satisfying all mandated conditions to any such permits; the implementation of and expected benefits from certain reduced spending measures; and other risks and uncertainties set forth in our filings with the U.S. Securities and Exchange Commission from time to time. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. These risks are not exhaustive and the information in this press release may be subject to additional risks. No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets, and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions, or misstatements contained herein. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as to the date of this press release.
For additional information regarding these various factors, you should carefully review the risk factors and other disclosures in the Company’s Form 10-K filed on September 9, 2024 and subsequent filings with the U.S. Securities and Exchange Commission, as well as in its filings under the Australian Securities Exchange. Any forward-looking statements are given only as of the date hereof. Except as required by law, 5E expressly disclaims any obligation to update or revise any such forward-looking statements. Additionally, 5E undertakes no obligation to comment on third party analyses or statements regarding 5E’s actual or expected financial or operating results or its securities.
For further information contact:
Nathan Skown or Joseph Caminiti Alpha IR Group FEAM@alpha-ir.com Ph: +1 (312) 445-2870
Calgary, Alberta – May 15, 2025 – E-Cubed Media Synthesis, a global leader in digital solutions, proudly announces the launch of www.pc9000.com, a cutting-edge website built on the Kentico Xperience platform. As a top Kentico Gold Partner, having delivered over 120 Kentico sites and earned more than 50 industry awards, E-Cubed leveraged economies of scale from its work on www.smsequipment.com to create a multi-language, user-centric website. Featuring immersive design that showcases the machine’s sheer size and stature, the site delivers exceptional experiences for a global audience, reinforcing E-Cubed’s expertise in crafting innovative digital platforms that drive engagement and business success.
Kentico Xperience is an award-winning digital experience platform (DXP) that integrates advanced content management, digital marketing, and commerce capabilities, enabling dynamic, scalable digital experiences. Trusted by over 35,000 websites across 120 countries, Kentico is celebrated for its robust functionality, security, and unmatched flexibility. For PC9000.com, E-Cubed harnessed Kentico’s capabilities to deliver a multi-language platform, with its open API enabling seamless integrations with external systems for enhanced functionality. Customization options supported responsive design, intuitive navigation, and Web Content Accessibility Guidelines (WCAG) compliance, ensuring an accessible, engaging, and inclusive user experience.
PC9000.com exemplifies E-Cubed’s ability to maximize Kentico’s enterprise-grade capabilities. The site’s immersive design captivates users by showcasing the machine’s monumental scale through visually striking elements, high-resolution imagery, and intuitive layouts that emphasize its grandeur and outstanding engineering prowess. This design creates a compelling visual narrative that resonates with industry professionals, engineers, and enthusiasts worldwide. The platform’s hybrid headless architecture ensures adaptability to future digital trends, supporting integrations with emerging technologies. E-Cubed’s meticulous implementation of Kentico’s flexible framework guarantees high performance, scalability, and reliability, meeting the demands of a global user base with a robust, efficient digital experience.
E-Cubed’s Kentico Gold Partner status, earned through delivering over 120 Kentico sites and securing over 50 prestigious awards, reflects its deep technical expertise, certified developers, and unwavering commitment to excellence. This elite recognition positions E-Cubed among the world’s leading Kentico agencies, trusted for executing complex projects with precision and innovation. The development of PC9000.com built on efficiencies from www.smsequipment.com, enabling streamlined processes and cost-effective delivery without compromising quality. E-Cubed’s content-first approach, powered by Kentico, facilitates efficient multilingual content management, while users experience a visually compelling, accessible interface. With SOC 2 Type II compliance, the site delivers a secure, high-quality digital experience that builds trust among users and stakeholders.
“The launch of PC9000.com demonstrates our ability to transform digital visions into reality using Kentico’s powerful platform,” said Marco Chan, Director of User Experience at E-Cubed Media Synthesis. “With over 120 Kentico sites and 50 awards, we’ve crafted a multi-language website with immersive design that showcases the machine’s grandeur and ensures global accessibility. This project reflects our dedication to innovation and outstanding excellence.”
E-Cubed invites organizations to visit www.pc9000.com to explore the platform and discover how its proven Kentico expertise can elevate their digital presence. For more details on E-Cubed’s Kentico services, visit www.e-cubed.com/kentico.
About E-Cubed Media Synthesis Headquartered in Calgary, Alberta, E-Cubed Media Synthesis specializes in UX design, content management, and API integrations. As a top Kentico Gold Partner and SOC 2 Type II compliant agency, E-Cubed delivers secure, innovative platforms that enhance engagement and outstanding operational efficiency. Renowned globally for transformative digital solutions, E-Cubed is a trusted partner for organizations worldwide. Learn more at www.e-cubed.com.
