All Industries

Bitget Lists Heroes of Mavia (MAVIA) in Innovation and GameFi Zone

Bitget

Bitget, the world’s leading cryptocurrency exchange and Web3 company, announces the listing of Heroes of Mavia (MAVIA) in the Innovation and GameFi Zone, an innovative Web3 mobile MMO Strategy game developed by Skrice Studios. Heroes of Mavia takes players on an epic journey into a fantasy-themed island where they must build and defend bases while engaging in thrilling battles to earn valuable in-game resources. From constructing defensive structures like walls, turrets, and traps to commanding land troops, vehicles, and air units, players must employ strategic prowess to outwit opponents and secure vital resources such as Gold, Oil, and Ruby. Notably, Ruby, the game’s premium currency, can be earned through combat and utilized to upgrade Land, Statue, and Hero NFTs, adding a dynamic layer to the gameplay experience. Gracy Chen, Managing Director of Bitget, said, “Bitget seeks a good way to support the development of different blockchains and ecosystems. This project showcases the innovative potential and support for the crypto ecosystem, aligning with our commitment to offering our users access to cutting-edge projects. We aim to create a Spot Market with rich choices and excellent quality projects.” Bitget has been consistently expanding its market presence in both spot and derivatives trading among centralized exchanges. This move to list OriginTrail (TRAC) further solidifies Bitget’s dedication to providing its users with opportunities to invest in valuable projects. In 2023 alone, the platform added over 350 new listings, demonstrating its commitment to diversifying the digital assets available in its spot market. Additionally, Bitget Wallet supports over 100 mainnets and 250,000+ tokens, with its innovative on-chain trading feature, Bitget Swap, enabling seamless cross-chain trading between 40 mainnets. For more information, please visit: https://www.bitget.com/support/articles/12560603805229 About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

February 08, 2024 03:51 AM Eastern Standard Time

Image

Celsius Resources updates Sagay JORC estimate

CELSIUS RESOURCES LIMITED

Celsius Resources Ltd (ASX: CLA) managing director Peter Hume joins Jonathan Jackson in the Proactive studio to discuss a range of milestones, the latest being an updated JORC estimate for the Sagay Copper Project on the Island of Negros in the Philippines. Hume explains the significance of the update, which relates to shallow supergene copper mineralisation and now includes measured and indicated resources. He also talks about the Sagay Project for Declaration of Mining Project Feasibility and another notable quarterly highlight in the MoU with the Kalinga Provincial Government. Finally, Hume explains the drivers of a positive report by WH Ireland which called Celsius ‘a potential near-term, low-cost copper producer’ and puts the company at a fair value of 8.8 cents. Hume said: “The greater definition of the shallow supergene copper at Sagay has increased both the resource category and our own confidence in the ability to look at a new shallow sustainable friendly development option. "The previous mineral resource only placed this area in the inferred category, and with this new update to the mineral resource, this area is now largely in the measured and indicated category, which allowed us to complete and submit a feasibility study to the Philippine Government. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

February 07, 2024 05:00 PM Eastern Standard Time

Video

Big Game season: Touchdowns, Tasty Treats & Terrific Savings!

YourUpdateTV

Ready, set, save! Whether you're a seasoned party host or a first-timer, Target has got the ultimate guide on how to host a Big Game party that's both exciting and budget-friendly. Recently, Emmy-Award Winning Television Host and Lifestyle Expert, Marisa Brahney, conducted a satellite media tour to share her wallet-friendly tips that won't compromise on the fun. A video accompanying this announcement is available at: https://youtu.be/MxqHRORhBso Whether you’re planning a laid-back watch party or a full-on football soiree, Target is your one-stop-shop for popular party staples, and they’re offering deals on snacks, grazing boards, beverages and more. Score entertaining spreads under $25 For the first time, Target is offering three budget-friendly Game Day must-have spreads for under $25 to make entertaining easy and affordable, including a cheeseburger taco board, chicken wing basket, and a DIY nacho bar. The internet-famous cheeseburger taco board • Good & Gather Shredded Iceberg Lettuce • Market Pantry Ketchup • Market Pantry Kosher Dill Sandwich Slices • Good & Gather Creamy Chipotle Sauce • Market Pantry 6" Flour Tortillas • Good & Gather All Natural 93/7 Ground Beef • Good & Gather Colby Jack Deli Sliced Cheese Classic chicken wing basket • Good & Gather Frozen All Natural Chicken Wings • Good & Gather Baby-Cut Carrots • Good & Gather Celery Sticks • Market Pantry Ranch Dressing • Good & Gather Organic Honey BBQ Sauce Nacho bar • Good & Gather Organic Blue Corn Tortilla Chips • Good & Gather Queso Blanco • Good & Gather Organic Mild Roasted Restaurant Style Salsa • Good & Gather Homestyle Guacamole • Good & Gather Sour Cream • Good & Gather Shredded Mexican-Style Cheese • Good & Gather Green Onions In addition to the Game Day must-haves under $25, Target has plenty of other inspiring options that won’t break the bank, like charcuterie board fixings for under $20! Don’t forget the drinks! Whether you enjoy alcoholic or non-alcoholic drinks, Target has something for everyone. Athletic Brewing Company and Lagunitas are non-alcoholic favorites, and everyone will love the amazing flavors of Good & Gather sparkling water - the Cherry Cola flavor is a must-try. Target has your back with its fast, convenient same-day Drive-Up and delivery options. You can have your items delivered to your trunk in minutes upon arriving in the parking lot or to your home in as soon as one hour. Visit your local Target store or shop online at Target.com ahead of the Big Game on February 11. Head to Target.com or the Target app to find these great deals and others, and also check out Target’s weekly ad for the latest deals in stores and online. About Marisa Brahney Marisa Brahney is an Emmy award-winning, dynamic and versatile TV host and on-air lifestyle expert who loves sharing her value-packed tips, product picks and helpful mom hacks with viewers around the country. From appearing as a regular lifestyle contributor sharing her favorite finds on Inside Edition, PIX11, ABC, FOX, CBS, Cheddar and more, to selling out her kitchen must-haves on QVC, Marisa is a millennial mom and gourmet girl-next-door who connects to her audience in an authentic, dynamic way. As a former news anchor and born storyteller with the gift of gab, Marisa spent much of her career building creative, must-see TV on channels like NBC Philadelphia and News 12 New Jersey. As a lifestyle expert and brand ambassador, she has partnered with some of the nation's biggest brands in the food and lifestyle space, including Cuisinart, General Mills, Amazon, Olay, Secret, Bath & Body Works, The Vitamin Shoppe, Blue Diamond, Kendra Scott and Wyndham Hotels. In addition to regularly appearing on TV nationally and regionally, Marisa is also a video host and digital contributor for NJMOM, where she leads meaningful discussions about the challenges of motherhood and highlights mompreneurs, businesses and events to a community of 200 thousand+. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

February 07, 2024 04:18 PM Eastern Standard Time

Video

Coinbase-Backed DeSo SocialFi App Focus Raises $75 Million in One Week

Deso

Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $75 million in one week Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry Users can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited time Focus, a new decentralized SocialFi app built on the DeSo blockchain, has made waves in the crypto industry by amassing over $75 million in token reservations within its first week of launch. This unprecedented achievement not only demonstrates the platform’s potential but also reflects the growing interest in decentralized social media. Focus (focus.xyz) is built by DeSo, the team that raised $200M from Coinbase, Sequoia, a16z, Polychain, and other top funds. It aims to disrupt the trillion-dollar social media market and creator economy by introducing groundbreaking features rivaling X, Onlyfans, and Patreon. The total addressable market for this sector is substantial, with OnlyFans projected to process approximately $8 billion in 2023 while charging a 20% transaction fee. These high fees significantly cut into creator profits, emphasizing the need for a fairer solution. Focus combines the best of Onlyfans, Patreon, X, and other billion-dollar social platforms into one app and features permissionless and anonymous crypto-native monetization features that are not possible in web2. Built on the Decentralized Social (DeSo) blockchain, Focus distinguishes itself with a unique approach to content ownership, creator monetization, and user engagement. In response to this overwhelming achievement, Nader Al-Naji, the Founder of DeSo and visionary behind Focus, shared his insights: “The response we’ve received is nothing short of spectacular. It’s a testament to the community’s belief in a decentralized future for social media. Our platform is not just about reshaping social media; it’s about empowering users and creators in a way that’s never been done before. This milestone is just the beginning of our journey towards a more decentralized social landscape.”– Nader Al-Naji, Founder of DeSo Focus’s mission extends beyond the realm of conventional social media. Focus aims to revolutionize the way we interact online by offering unprecedented monetization opportunities for creators, coupled with advanced AI tools, while also tackling the challenges of censorship and content authenticity. Thanks to the DeSo blockchain and its Revolution Proof of Stake system, Focus will support the storage of content directly on-chain for 1/10,000th of a cent per post, which is much less than Solana at ~$1 per post or Ethereum at ~$100+ per post. One of the key features attracting users to Focus is the opportunity to reserve $FOCUS tokens. This process is akin to staking, with a unique twist – users can reserve tokens using various supported currencies such as BTC, ETH, SOL, USDC, and DESO. Focus allows anyone in the world to become an owner, even prior to the app launch. Imagine owning a piece of Meta or Twitter before it was even released. Users who participate in the early reservation period is able to buy $FOCUS tokens, and also receives an extra bonus equal to the amount listed, currently set at 90% and drops by 5% each week until the app launch. This is a benefit designed to reward early supporters and adopters of the platform. The reservation process is user-friendly and fully refundable, ensuring participants can confidently support the platform while maintaining financial flexibility. As Focus gears up for its app launch, the excitement within the community is palpable. With its innovative approach to tokenomics, Focus is poised to redefine the landscape of social media and cryptocurrency. To reserve tokens and earn a 90% bonus in $FOCUS, prospective users should visit Focus.xyz and reserve their funds before 11:11 am EST on February 8th. The bonus will drop every week until the app goes live. About Deso DeSo is the first and only censorship-resistant Layer-1 blockchain purpose-built to power storage-heavy apps and scale decentralized social networks for mass adoption. Their mission is to decentralize social media like Bitcoin and Ethereum are decentralizing finance. DeSo has gained significant adoption and boasts 2.6M users (wallets) and 93M transactions. With Focus, DeSo aims to usher in a new age in crypto led by cutting-edge consumer apps that scale to billions of users. Contact Details DeSo Foundation Ed Moss Ed@deso.org

February 07, 2024 01:39 PM Eastern Standard Time

Image

Programming, Speakers and More at Play Beyond: Sui Gaming Summit

Sui

The organizers of Play Beyond: Sui Gaming Summit, a side event parallel to this year’s Game Developers Conference, today announced the programming and headlining speakers for their inaugural event for game developers. Play Beyond is a one-day conference dedicated to game developers and entrepreneurs interested in building on Sui, the innovative layer 1 smart contract platform, hosted in partnership by Mysten Labs, the original contributor to Sui and Sui Foundation. The one-day event will open with a keynote address from Hilmar Veigar Petursson, CEO of CCP Games. Petursson, an Icelandic entrepreneur, and CCP Games are acclaimed for the massively multiplayer online role-playing game, EVE Online, which still boasts over ten million players after twenty years of operation. Petursson and CCP were one of the first gaming companies to embrace web3-powered technology and began exploring NFTs in 2022. Panels, talks, and partner showcases will follow Petursson’s address, including from Andrew Chen, General Partner at a16z Games, who will unpack fundraising in 2024, and Mark Long, CEO of Shrapnel, addressing how to launch a gaming token, as well as Johnson Yeh, CEO of Ambrus Studio, discussing how web3 can improve gamer retention. Bringing perspective from the other side of the world will be Sangho Kim, the Chief Games Officer of South Korean gaming giant, NHN, who announced their intentions to build on Sui in September 2023, and whose first web3-powered game is forthcoming in Q2 of 2024. “We want to bring the focus of web3-powered gaming back to the fun of the games themselves, where veteran game developers can leverage Sui to create seamless, unique, and sticky user experiences for their players,” said Anthony Palma, who leads Gaming Partnerships & Investments at Mysten Labs. “Play Beyond will help showcase the tremendous potential of web3-powered gaming to developers, regardless of whether or not they’ve explored web3 in the past.” Play Beyond is free to attend, located at 40 O’Farrell Street, San Francisco, CA, and will be followed by a media-only happy hour and a VIP closing party. Register today at http://go.sui.io/sui-gaming-summit. About Sui Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io. About Mysten Labs Mysten Labs is an industry-leading team of experts on distributed systems, programming languages, and cryptography, whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to build critical infrastructure to create a more decentralized internet. Learn more: https://mystenlabs.com Contact Details Lexi Mysten Labs lexi.wangler@mystenlabs.com

February 07, 2024 01:36 PM Eastern Standard Time

Image

Bitci Announces Strategic Collaboration with TRON DAO to Enhance Digital Asset Offerings in Turkey

Bitci

Turkey, Istanbul, Feb 7th, 2024 - Bitci, one of Turkey's top cryptocurrency exchanges, is pleased to announce a strategic collaboration with the TRON DAO, furthering the accessibility of the TRON ecosystem in the Turkish market. This collaboration strengthens Bitci's offerings, highlighting its commitment to continue listing credible digital assets on its exchange. Ahmet Onur Yeygün, the CEO of Bitci commented on the development: "This collaboration with the TRON DAO marks a significant step in our mission to provide a wider range of services and digital assets to our users. Integrating with the TRON chain, will enable our users to conduct transactions more quickly and securely. Furthermore, advancing our vision of providing reliable and innovative digital asset services, positioning Bitci as a leading force in the Turkish blockchain sector." Tronix (TRX) already being listed, Bitci is now expanding its TRON ecosystem offerings to include additional tokens such as APENFT, BTT, JUST, SUN, USDD, and WIN. These will be available for trading with Turkish Lira (TRY) and USDT pairs, enhancing trading options for users and contributing to the growth of the exchange. David Uhryniak, Ecosystem Lead at TRON DAO, expressed his enthusiasm, saying, "We are excited about this strategic collaboration with Bitci. Their position as a leading exchange in Turkey opens up great opportunities for the TRON ecosystem, enhancing TRON’s global accessibility and supporting the broader adoption of blockchain technology in the region." This initiative not only bolsters TRON’s global expansion but also positions Bitci as a pioneering force in Turkey's evergrowing blockchain landscape. Stay tuned for more updates on this strategic collaboration and the exciting opportunities it brings to the cryptocurrency community in Turkey. About Bitci Bitci, the leading launchpad platform in Turkey for cryptocurrency trading, transfer, and storage since 2018, holds the position of the country's second-largest cryptocurrency exchange according to Coingecko data. Moreover, based on Coingecko data, the exchange has demonstrated remarkable growth, increasing its market share from 0.9% in 2022 to a staggering 12% in 2023, supporting its claim as the "fastest-growing digital asset platform in Turkey." Additionally, Bitci facilitates the blockchain adaptation of companies and institutions with BitciChain, Turkey's first blockchain network with stock market integration. Bitci continues to contribute substantially to the development of cryptocurrency markets with its products such as Global Fan Token and Bitcicoin. Media contact: İlker Karacan Marketing Manager Mail: marketing@bitci.com About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of February 2024, it has over 209.79 million total user accounts on the blockchain, more than 7.09 billion total transactions, and over $19.56 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details İlker Karacan marketing@bitci.com

February 07, 2024 01:25 PM Eastern Standard Time

Image

Lunar New Year Special: Subscribe to HTX Earn Products and Win up to 100% APY Booster Coupons

HTX

As the Lunar New Year draws closer, everywhere is bathed in the joyous atmosphere of reunion. Embrace the festivities at HTX Earn and fully enjoy the pleasure of earning effortlessly. Currently, a comprehensive upgrade to HTX Earn has been completed. Upgrade your HTX App in the app store now to explore the all-new, well-designed HTX Earn, making your investment journey more intelligent and convenient. But wait, there's more! Subscribe to HTX Earn products, and you'll win Lunar New Year special rewards. Top the Individual Subscription Amount Leaderboard this Lunar New Year for a 100% APY Boost To celebrate the Lunar New Year, HTX Earn is presenting an event with a leaderboard based on users' subscription amounts of Earn products, alongside a prize pool of APY Booster Coupons for participants. The larger a participant's subscription amount, the higher the value of the APY Booster Coupon they will receive. Thus, subscribing to HTX Earn products unlocks extra benefits, making it a perfect time to invite friends and maximize earnings. This Lunar New Year special event will last from 16:00:00 (UTC) on February 7, 2024, to 16:00:00 (UTC) on February 18, 2024. During the event, the top 1,000 participants who subscribe to Earn products will receive an up to 100% APY Booster Coupon for the USDT Flexible product as a reward based on their subscription amount. As holdings increase, so do rewards. According to HTX's release, applicable HTX Earn products for this event include Fixed, Flexible, New User Exclusive, Shark Fin, and Flexi Max. Each user can take this offer only once, and rewards cannot be accumulated. Unlock Up to 100% APY with HTX Earn's Newly Listed Flexible and New User Exclusive Products for $HTX Following the initial $HTX airdrop distribution and the introduction of HTX/USDT spot trading on the HTX platform, a wave of new benefits and events has swept surrounding $HTX. HTX Earn has launched the Flexible and New User Exclusive products for $HTX. $HTX Flexible product boasts a 15% Est. APY, with a subscription starting at 10 $HTX. The 7-day $HTX Fixed product offers up to 100% APY, with a subscription starting at 20,000 $HTX, exclusively available to new HTX Earn users. Don't miss out! According to reports, the HTX token, pivotal to HTX DAO, plays a crucial role as a dedicated supporter of the visionaries driving decentralized economy advancements, making it an integral part of future blockchain ecosystem developments. Within the HTX DAO ecosystem, the HTX token serves various functions, facilitating transactions, offering fee discounts, and granting access to exclusive ecosystem features and services. HTX token holders actively participate in decentralized governance through voting, emphasizing inclusivity. Explore the Brand-New HTX Earn for Smarter, Simpler, Smoother Experiences The brand-new HTX Earn debuts in 2024 after its upgrade, helping users stay updated on the latest investment opportunities to boost their wealth during the bull market with an optimized interface. This upgrade optimizes the new crypto search feature, while also highlighting top recommendations for users. Users can easily browse and compare all products for various cryptocurrencies on the Earn homepage, enabling them to quickly find their desired cryptos. Additionally, a New Listings section is introduced to house Earn products for newly listed popular cryptocurrencies and those with limited-time bonuses. HTX Earn serves as a one-stop service platform for growing and managing virtual assets, presenting a range of products that align with users' requirements. It guarantees the utmost security of assets, thanks to the exchange's robust risk management system. HTX Earn is purpose-built to deliver top-tier assets for daily passive income, coupled with a user-friendly interface that ensures a seamless and convenient wealth management experience. Users can update their HTX App to explore the latest features of HTX Earn. Simply visit HTX's official website and find Earn in the top navigation bar, or open the HTX App and tap Earn on the homepage. While you're enjoying a wonderful holiday, don't miss out on seizing all market opportunities with HTX Earn! About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

February 07, 2024 12:54 PM Eastern Standard Time

Image

Manganese X Energy Corp agrees to MOU with US battery technology leader C4V

Manganese X Energy Corp

Manganese X Energy Corp CEO Martin Kepman joined Steve Darling from Proactive to share the news that the company has entered into a Memorandum of Understanding (MOU) with C4V, a prominent US battery technology leader, which holds immense promise for a potential off-take agreement from Manganese X Energy Corp's Battery Hill High Purity Manganese project located in Woodstock, New Brunswick, Canada. C4V, renowned for its leadership in renewable battery technology and its involvement in major Gigafactory developments worldwide, including those in Geelong, Australia, and the United States, has shown keen interest in the collaboration. This non-binding agreement is predicated on the possible supply of Electric Vehicle (EV) compliant High Purity Manganese Sulfate Monohydrate, a sample of which is currently undergoing pre-qualification by C4V for use in their Gigafactory joint ventures. The sample in question was produced as part of Manganese X Energy Corp's Pilot Plant Project, which employs their patent-pending, groundbreaking manganese purification technology. This technology enables the transformation of Battery Hill manganese carbonate into Electric Vehicle compliant High Purity Manganese Sulfate Monohydrate (HPMSM), serving as a precursor to the cathode in battery manufacturing. This strategic partnership holds the promise of playing a pivotal role in the supply chain for EV batteries, as high-purity manganese is a crucial component in the production of advanced batteries. The MOU represents a significant step forward in the company's quest to contribute to the growing electric vehicle industry while further solidifying its position as a key player in the renewable energy sector. The collaboration between Manganese X Energy Corp and C4V exemplifies their shared commitment to sustainable energy solutions and highlights the importance of securing a stable supply of critical materials for the EV revolution. As the pre-qualification process advances and the partnership takes shape, both companies are poised to make a lasting impact on the clean energy landscape by fostering innovation and the development of cutting-edge battery technology. Contact Details Proactive Canada Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

February 07, 2024 12:38 PM Eastern Standard Time

Video

Ballast Rock Announces Agreement Between Sumitomo Corporation of America and Strategic Biofuels to Invest in the Louisiana Green Fuels Project

Ballast Rock

Ballast Rock, the integrated investment management company, today announced that Sumitomo Corporation of America (“SCOA”), a subsidiary of Sumitomo Corporation, a leading Fortune 500 global trading and business investment company dedicated to sustainability, has entered into a Joint Development Agreement for the Louisiana Green Fuels (“LGF”) project with Strategic Biofuels (“SBf”), the developer behind LGF. Please click below for the full press release from SCOA: SCOA Announces Investment in Louisiana Green Fuels Project Ballast Rock and its investors provided the majority of the funding to date for the project, which has enabled the SBf team to advance the project to a stage where it was ready for this institutional investment from SCOA. LGF, which will be built in Caldwell Parish in Louisiana, will be a state-of-the-art facility that will convert waste material from managed local sustainable lumber forests into renewable sustainable aviation fuel and naphtha. The facility will also incorporate advanced technologies that will enable it to capture and permanently sequester virtually all carbon emissions released during the process, and so will play a key role in helping the transportation sector in the United States achieve its carbon neutrality goals in the decades ahead. The renewable fuels plant is expected to create numerous job opportunities in the region and support economic growth, while its advanced technology will add to US energy independence and help reduce greenhouse gas emissions. "We believe this investment is a win-win for everyone involved," said Thomas Carroll, Founder and Chief Executive Officer of Ballast Rock. "We are proud to have supported this vital project from a very early stage, as well as working with the company and their other advisors to help secure the institutional funding required to advance the final pre-development stage of the project.” Simon O’Shea, Chief Investment Officer for Ballast Rock, said, “SCOA is absolutely the right partner to help take the LGF project forward. We look forward to continuing our efforts to support the SBf team as they work to complete this transformative project that will benefit both the local community, renewable U.S. energy security, and the environment." Ballast Rock is committed to providing access to its accredited individual investors to investments in real estate, venture capital, and private equity that have a positive environmental and social impact. About Ballast Rock Group Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital is awaiting approval to become a FINRA-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. About Sumitomo Corporation of Americas Sumitomo Corporation of Americas is the largest subsidiary of Sumitomo Corporation, a leading global trading company, with 108 locations in 65 countries and 20 locations in Japan. The entire Sumitomo Corporation Group consists of 900 companies and more than 80,000 personnel. The Sumitomo business is continuously expanding into a diverse range of products and services. As of December 31, 2023, Sumitomo had total assets of over $72 billion and cash-on-hand of over $4.26 billion (please refer to our website at www.sumitomocorp.com ). About Strategic Biofuels Strategic Biofuels LLC is a team of energy, petrochemical and renewable fuels technology experts focused on developing a series of deeply negative carbon footprint plants in northern Louisiana that convert waste materials from managed sustainable forests into renewable fuels. The fuel is expected to qualify for substantial Carbon Credits under the Federal Renewable Fuel Standard Program and under the California Low Carbon Fuels Standard. For more information, visit www.strategicbiofuels.com. About Louisiana Green Fuels Louisiana Green Fuels will be the first biomass waste-to-fuels project by Strategic Biofuels LLC in North Louisiana at the Port of Columbia in Caldwell Parish. The biofuel refinery, adjacent power plant and the accompanying Class VI Carbon Capture and Sequestration (CCS) complex is expected to be the first sustainable aviation fuel project in North America to achieve “negative” carbon emissions. The feedstock for the plant is forestry waste from managed and sustainable plantation forests. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please consider carefully the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock press@ballastrock.com Company Website https://www.ballastrock.com/

February 07, 2024 12:00 PM Eastern Standard Time

1 ... 428 429 430 431 432 ... 3755