VANCOUVER, BC , Dec. 3, 2024 /CNW/ - LUC LUC (Nasdaq Stockholm: LUC) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to provide operating guidance for 2025. All amounts are in USD unless otherwise stated. View PDF William Lamb , Lucara's President and CEO, commented on the 2024 progress noting that, "To date in 2024, Lucara achieved remarkable milestones at its Karowe Mine in Botswana , successfully meeting and exceeding all production targets. The Company's strategic focus on the underground mining project showed significant advancement, with shaft depths reaching new records. Further, our innovative extraction technologies are once again proving the quality of the resource through the recovery of two exceptional diamonds larger than 1,000 carats, including the epic 2,488-carat diamond and the 1,094-carat diamond. We have also demonstrated substantial progress in reducing operational costs and improving sustainable mining practices." 2025 OUTLOOK This section provides management's production and cost estimates for 2025. These are "forward-looking statements" and subject to the cautionary note regarding the risks associated with forward-looking statements. Karowe Mine Full Year 2025 Diamond revenue ($ million) 195 – 225 Diamond sales (carats) 400,000 – 420,000 Diamonds recovered (carats) 360,000 – 400,000 Ore mined (million tonnes) 1.6 – 2.0 Waste mined (tonnes) Up to 200,000 Ore processed (million tonnes) 2.6 – 2.9 Total cash operating costs ($ per tonne processed) 28.50 – 31.00 Underground project ($ million) Up to 115 Sustaining capital ($ million) Up to 13 Average exchange rate (Botswana Pula per United States Dollar) 13.0 REVENUE AND SALES CHANNELS For 2025, the Company's revenue forecast assumes that 79% of the carats recovered will come from the higher value M/PK(S) and EM/PK(S) units within the South Lobe, the sale of its diamond inventory, and the remaining carats recovered come from the Centre Lobe in accordance with the mine plan, generating revenue between $195 and $225 million . South Lobe material, while lower grade than the Centre and North Lobes, has a higher weight percentage of stones greater than 10.8 carats in size ("Specials"). MINING AND PROCESSING ASSUMPTIONS In 2025, the Company expects to mine between 1.8 and 2.2 million tonnes of combined ore and water, which will be processed in combination with stockpiled materials in 2025. The assumptions for carats recovered and sold as well as the number of ore tonnes processed are consistent with achieved plant performance in recent years. Stockpiled material (North, Centre, South Lobe) from working stockpiles and life-of-mine stockpiles should provide uninterrupted mill feed until 2027 when Karowe underground project ("UGP") development ore is scheduled to start offsetting stockpiles with high-grade ore from the underground development. Full scale underground production is planned for H1, 2028. UNDERGROUND AND SUSTAINING CAPITAL EXPENDITURES The underground development is expected to extend Karowe's mine life to beyond 2040. In 2024, significant progress was made in shaft sinking and lateral development connecting the production and ventilation shafts, with the critical path ventilation shaft being ahead of the July 2023 rebase schedule. In 2025, capital costs for the UGP are expected to be up to $115 million and will focus predominantly on shaft sinking activities to final depth, equipping of the production shaft and station development. Surface works will focus on permanent winders being installed and cold commissioned. Tendering the underground lateral development contract along with underground equipment purchases will also be completed in 2025. Sustaining capital are expected to be up to $13 million with a focus on the replacement and refurbishment of key asset components, in addition to expansion of the tailings storage facility and pit steepening activities which will extend the mine's ability to extract South lobe material from the pit in 2025. On behalf of the Board , William Lamb President and Chief Executive Officer Follow Lucara Diamond on Facebook , Instagram and LinkedIn ABOUT LUCARA Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana . The Karowe Mine has been in production since 2012 and is the focus of the Company's operations and development activities. Lucara has an experienced board and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations. Lucara is certified by the Responsible Jewellery Council, complies with the Kimberley Process, and has adopted the IFC Performance Standards and the World Bank Group's Environmental, Health and Safety Guidelines for Mining (2007). Accordingly, the development of the Karowe underground expansion project ("UGP") adheres to the Equator Principles. Lucara is committed to upholding high standards while striving to deliver long-term economic benefits to Botswana and the communities in which the Company operates. The information is information that Lucara is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, on December 3, 2024 , at 2 p.m. Pacific Time . CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS Certain statements made and contained herein and elsewhere constitute forward-looking statements as defined in applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict, and which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. The Company believes that expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be accurate. Forward-looking information should not be unduly relied upon. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws. In particular, forward-looking information and forward-looking statements in this news release may include, but are not limited to, the Company's revenues, sales, diamond recoveries, mine life, expectations regarding the updated schedule and budget for the Karowe underground expansion project (the "Karowe UGP"), ore and waste mined, ore processed, cash costs and expenses, anticipated total capital expenditures for the Karowe UGP and the schedule to develop and complete the Karowe UGP, and the Company's ability to continue as a going concern, the ability to meet its obligations under the Rebase Amendments with its Lenders, the Company's ability to fill the COF, the size distribution model, including expectations regarding +10.8ct and specials production, forecast cost at completion, expectations regarding construction and production, expectations regarding the project economics and recovery, expectations regarding the first years of the Karowe UGP recovery and production, including by source, estimated capital to reach project completion, expectations regarding the sufficiency of surface stockpiles, estimates regarding after-tax cash flow, economic risks, expectations regarding longer-term market fundamentals and price growth, the impact of supply and demand of rough or polished diamonds, expectations regarding top-up values and processing, the benefits to the Company of the diamond supply agreement with HB Antwerp and the ability to generate better prices from the sale of the Company's +10.8 carat production as polished stones, projected capital costs associated with the Karowe UGP, estimated capital costs, expectations regarding the sales changes and margin capture, the timing, scope and cost of additional grouting events, whether expected cash flow from operations, combined with external financing will be sufficient to complete construction of the Karowe UGP, sufficient stockpiled ore will be available to generate revenue prior to the achievement of commercial production of the Karowe underground mine, that the estimated timelines to achieve mine ramp up and full production from the Karowe UGP can be achieved, the economic potential of a mineralized area, the size and tonnage of a mineralized area, anticipated sample grades or bulk sample diamond content, expectations that the Karowe UGP will extend mine life, forecasts of additional revenues, future production activity, the future price and demand for, and supply of, diamonds, expectations regarding the scheduling of activities for the Karowe UGP, future forecasts of revenue, estimation of mineral resources, exploration and development plans, cost and timing of the development of deposits and estimated future production, interest rates, currency exchange rates, rates of inflation, requirements for and availability of additional capital, operating costs, timing of drill programs, timing of completion of technical reports and studies, tax rates, government regulation of operations, environmental risks and ability to comply with all environmental regulations and internationally recognized standards, and macro-economic and geopolitical risks. There can be no assurance that such forward looking statements will prove to be accurate, as the Company's results and future events could differ materially from those anticipated in this forward-looking information as a result of those factors discussed in or referred to under the heading "Risks and Uncertainties" in the Company's most recent MD&A and Annual Information Form, both available on the Company's website and under its profile on SEDAR+ at www.sedarplus.ca , as well as changes in general business and economic conditions, the ability to continue as a going concern, changes in interest and foreign currency rates, changes in inflation, the supply and demand for, deliveries of and the level and volatility of prices of rough diamonds, costs of power and diesel, impacts of potential disruptions to supply chains, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and recoverability assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), and unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job actions, adverse weather conditions, and unanticipated events relating to health safety and environmental matters). SOURCE Lucara Diamond Corp. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/03/c7546.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
China’s smartphone maker OnePlus has scheduled the global launch of its latest flagship, the OnePlus 13, for January 2025. The smartphone will be available in three colour options: Midnight Ocean, Black Eclipse, and Arctic Dawn, with the Midnight Ocean variant featuring a micro-fibre vegan leather finish at the back, offering enhanced resistance to scratches and scuffs. The smartphone will boast IP68 and IP69 ratings for dust and water resistance. The OnePlus 13 was initially launched in China in October 2024 and is powered by the Qualcomm Snapdragon 8 Elite chip. It is expected to launch alongside the anticipated OnePlus 13r, which will debut in China as the OnePlus Ace 5. Display The Chinese variant of the OnePlus 13 features a 6.82-inch AMOLED display with quad curves glass protection. It offers a 3168×1440 resolution and supports a 120Hz refresh rate for smooth visuals. The display provides a peak brightness of 4,500 nits, supports Dolby Vision HDR, and includes an ultrasonic in-display fingerprint sensor for biometric authentication. Camera The OnePlus 13 is equipped with a triple 50MP rear camera system, developed in collaboration with Hasselblad, including: Battery and charging The smartphone features a 6,000mAh battery, developed with the company’s Glacier battery technology, which uses a silicon-carbon structure for higher energy density. It supports: China’s smartphone maker OnePlus has scheduled the global launch of its latest flagship, the OnePlus 13, for January 2025. The smartphone will be available in three colour options: Midnight Ocean, Black Eclipse, and Arctic Dawn, with the Midnight Ocean variant featuring a micro-fibre vegan leather finish at the back, offering enhanced resistance to scratches and scuffs. The smartphone will boast IP68 and IP69 ratings for dust and water resistance. The OnePlus 13 was initially launched in China in October 2024 and is powered by the Qualcomm Snapdragon 8 Elite chip. It is expected to launch alongside the anticipated OnePlus 13r, which will debut in China as the OnePlus Ace 5. Display The Chinese variant of the OnePlus 13 features a 6.82-inch AMOLED display with quad curves glass protection. It offers a 3168×1440 resolution and supports a 120Hz refresh rate for smooth visuals. The display provides a peak brightness of 4,500 nits, supports Dolby Vision HDR, and includes an ultrasonic in-display fingerprint sensor for biometric authentication. Camera The OnePlus 13 is equipped with a triple 50MP rear camera system, developed in collaboration with Hasselblad, including: Battery and charging The smartphone features a 6,000mAh battery, developed with the company’s Glacier battery technology, which uses a silicon-carbon structure for higher energy density. It supports:
Fans fear for Angelina Jolie’s health as Brad Pitt divorce drama continues
While it remains to be seen exactly what Xbox has in store for TGA, the prospect of multiple blockbuster games on the horizon is sure to capture the attention of gamers worldwide. From highly anticipated sequels to brand-new IP, the potential for Xbox to make a splash at TGA and beyond is immense.While it remains to be seen exactly what Xbox has in store for TGA, the prospect of multiple blockbuster games on the horizon is sure to capture the attention of gamers worldwide. From highly anticipated sequels to brand-new IP, the potential for Xbox to make a splash at TGA and beyond is immense.
Yu Huaying, a convicted human trafficker who had evaded justice for years, finally faced the prospect of a retrial amid mounting pressure from the public and human rights activists. The reopening of the case signifies a renewed effort to seek justice for the victims and hold the perpetrators accountable for their heinous crimes.Three Bulldogs Selected to All-MW First Team in FootballThrough a series of phone calls, inquiries, and diligent research, the volunteer gradually uncovered vital clues that ultimately led to a breakthrough in the search. In a stroke of luck, the volunteer managed to obtain key information that enabled them to pinpoint the whereabouts of the student's family members.Cash position at over $125 Million in just under 7 months as a public company Financing provides cash runway to expedite cutting-edge portable nuclear microreactor technologies, auxiliary businesses, seek complimentary acquisitions and drive growth towards initial revenue generation New York, N.Y., Nov. 27, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”) , a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced the closing of a private placement with three accredited institutional investors for gross proceeds of approximately $60 million to NANO Nuclear, before deducting offering expenses. In the private placement, NANO Nuclear sold 2,500,002 shares of common stock and five-year warrants to purchase an aggregate of up to an additional 2,500,002 shares of common stock, or 100% warrant coverage, at a combined purchase price of $24.00 for each share and associated warrant. The warrants are exercisable for $26.00 per share. The proceeds from this financing significantly augments NANO Nuclear’s cash on hand to over $125 million. With this cash on hand, NANO Nuclear will be able to more readily advance and expedite its cutting-edge microreactors, auxiliary businesses, seek complimentary acquisitions and drive growth towards initial revenue generation. “We are humbled to be supported by a growing number of institutional investors,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “We will continue to work extremely hard to establish NANO Nuclear as one of the leaders in the U.S. advanced nuclear energy market. With over $125 Million now in our treasury, we are positioned for rapid growth, to drive stockholder value and to realize our vision of becoming a leading, diversified, and vertically integrated advanced nuclear energy company.” The Benchmark Company, LLC acted as sole placement agent for the transaction. The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The Company has agreed to file, by January 15, 2025, a registration statement with the SEC covering the resale of the shares of common stock and shares of common stock underlying the warrants issued in the private placement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. About NANO Nuclear Energy, Inc. NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S. Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor , each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. Advanced Fuel Transportation Inc. (AFT) , a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America. HALEU Energy Fuel Inc. (HEF) , a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS) , a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface. For more corporate information please visit: https://NanoNuclearEnergy.com/ For further information, please contact: Email: IR@NANONuclearEnergy.com Business Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDIN NANO Nuclear Energy YOUTUBE NANO Nuclear Energy TWITTER Cautionary Note Regarding Forward Looking Statements This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", “potential”, "will", "should", "could", "would" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology, including difficulties with design and testing, cost overruns, regulatory delays and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings . Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Kongsang is a mysterious and enigmatic hero who hails from a distant realm where magic flows like a river. With his ability to control the elements of wind and lightning, he brings a unique playstyle to the battlefield. Players can harness his powers to create devastating storms and control the flow of combat with precision and skill.The exposé has sparked a debate about the ethics of virtual live streaming and the responsibility of content creators to provide genuine and authentic experiences to their audience. While the use of green screen technology can enhance creativity and storytelling, it also comes with a responsibility to maintain transparency and integrity in the content production process.
Title: Beware of the Risk of Low-Temperature Burns After Waking Up with Skin Hardened by a Hot Water Bottle