Top News Highlights
1. Nucor Corporation NUE declared a quarterly cash dividend of $0.54 per share, extending its streak of 204 consecutive quarterly dividends.
2. Commercial Metals Company CMC appointed Dennis V. Arriola to its Board of Directors, effective March 19, 2024.
3. ZK International Group Co., Ltd. ZKIN completed the second subscription of its $5 million total private placement offering from the Bahamas-based CF Opportunity Fund Ltd.
Nucor’s Dividend Declaration
Nucor Corporation, a mainstay of the steel production sector, chose to reward its loyal shareholders with a quarterly cash dividend of $0.54 per share. This announcement marks Nucor’s extraordinary 204th consecutive quarterly dividend, showcasing the company’s unwavering commitment to returning value to its stakeholders. The dividend is set to be payable on May 10, 2024, to shareholders recorded on March 28, 2024, highlighting Nucor’s ongoing financial strength and stability.
Commercial Metals’ Board Enhancement
Commercial Metals Company exhibited its forward-thinking approach by welcoming Dennis V. Arriola to its esteemed Board of Directors. Effective March 19, 2024, Arriola’s extensive experience in the renewable energy industry is expected to play a pivotal role in further strengthening CMC’s already robust sustainability platform. The appointment, endorsed by Executive Chairman of the Board, Barbara R. Smith, reflects the company’s steadfast commitment to integrating global perspectives and fostering a world-class reinforcement solutions provider for the domestic and international construction markets.
ZK International’s Private Placement
ZK International Group Co., Ltd. completed the second subscription of its $5 million total private placement offering, marking a significant milestone in its journey toward accelerated growth. The Bahamas-based CF Opportunity Fund Ltd.’s investment of $2 million, priced at $1.58 per share, exemplifies the confidence in ZK International’s strategic vision and future endeavors. The financial infusion is expected to catalyze the company’s growth initiatives and strategic objectives, reinforcing its positioning for sustainable long-term value creation and success.
Foremost Lithium Resource’s Webull Collaboration
Foremost Lithium Resource & Technology Ltd. made a strategic move by joining the Webull Corporate Connect Service (CCS) platform, amplifying its outreach and engagement with its valued shareholders in an increasingly digital landscape. This foray into Webull’s globally popular retail brokerage app underscores the company’s proactive approach in fostering an open and dynamic dialogue with the investor community. President and CEO Jason Barnard emphasized the pivotal role of the CCS platform in reaching a wider online audience and fostering a transparent and interactive interaction with the new generation of retail investors navigating the capital markets through innovative technology.
Sayona Mining’s Feasibility Study
Sayona Mining revealed the promising results of a feasibility study for its Moblan Lithium Project in Québec, projecting a post-tax NPV(8%) of C$2.2 billion and a substantial revenue potential of C$14.4 billion over 21.1 years. The project’s ownership split between Sayona and Investissement Québec, combined with its strategic advantages such as easy transportation access, a low strip ratio of 2.3:1, and a high lithium concentrate grade of 6% Li2O, positions it as an immensely competitive player in the global lithium mining arena. Pending regulatory and financing approval, the project’s construction is anticipated to span two years, solidifying its status as a prized hard rock lithium resource in North America.
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