Month: June 2023

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• The report [see p.59] noted that “to counter China’s growing hold on the global supply chain, it is essential that the United States secures its own innovative supply of critical and strategic minerals and materials, including polymetallic nodules, to decrease reliance on sources from foreign adversaries.”
• The House Armed Services Committee directed the Assistant Secretary of Defense for Industrial Base Policy “to assess processing of seabed resources of polymetallic nodules domestically.”
• The news comes as American and allied auto and battery makers struggle to secure supplies of critical battery metals that comply with guidelines for incentives under the Inflation Reduction Act.

NEW YORK, June 30, 2023 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today welcomed the inclusion of polymetallic nodules in a report requested by the House Armed Services Committee to the Assistant Secretary of Defense for Industrial Base Policy under the National Defense Authorization Act (“NDAA”).

Entitled “H.R. 2670 – National Defense Authorization Act for Fiscal Year 2024; and H.R. 1282 – Major Richard Star Act” and submitted June 21 (published yesterday), the House Armed Services request under the NDAA includes a “roadmap recommending how the United States can have the ability to source and/or process critical minerals in innovative arenas, such as deep-sea mining, to decrease reliance on sources from foreign adversaries and bolster domestic competencies.”

TMC Chairman and CEO, Gerard Barron, said, “Given the known deficit of domestic supply and processing of critical lithium-ion battery cathode materials including cobalt, nickel, and manganese, the House request for the U.S. Department of Defense to explore the possibility to process polymetallic nodules in the U.S. is timely. By onshoring primary processing and refining of nodules, the U.S. could secure supply and achieve mineral independence in four important battery metals, support domestic companies and jobs, and drastically reduce the environmental and social impacts that currently plague geopolitically-complex battery material supply chains.”

In February 2022, TMC welcomed the recognition from US political and military leaders of the potential of deep-sea nodules to strengthen national security and reshore supply chains for the energy transition. In March last year, Mr. Barron wrote to the Senate Energy and Natural Resources Committee, in which he noted, “Support from the U.S. Government for the development of the polymetallic nodules resource and TMC’s first project, NORI-D, would unlock access to the resource without overcoming legislative hurdles to ratify the United Nations Convention on the Law of the Sea.”

Previously, Senator Lisa Murkowski (R-AK), a leader on energy and critical minerals issues in the U.S. Senate, wrote a letter urging the Department of Energy to focus on securing access to battery raw materials and explore the potential of polymetallic nodules in the Clarion-Clipperton Zone of the Pacific. In reply, Secretary Granholm confirmed, “Ongoing R&D on critical battery minerals processing through the DOE Office of Science and the Advanced Manufacturing Office is applicable to potential U.S. domestic processing and refining of metallic marine nodules…DOE is continuing to work with interagency partners to consider all potential sources of critical minerals for the supply chain including the role that seabed nodules could play in the future.”

About The Metals Company
The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The Company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga.

More Info
Media | media@metals.co
Investors | investors@metals.co

Forward Looking Statements
Certain statements made in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside TMC’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: regulatory uncertainties and the impact of government regulation and political instability on TMC’s resource activities; changes to any of the laws, rules, regulations or policies to which TMC is subject; the impact of extensive and costly environmental requirements on TMC’s operations; environmental liabilities; the impact of polymetallic nodule collection on biodiversity in the CCZ and recovery rates of impacted ecosystems; TMC’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the lack of development of seafloor polymetallic nodule deposit; uncertainty in the estimates for mineral resource calculations from certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty with respect to the specialized treatment and processing of polymetallic nodules that TMC may recover; risks associated with collective, development and processing operations; fluctuations in transportation costs; testing and manufacturing of equipment; risks associated with TMC’s limited operating history; risks associated with TMC’s intellectual property; and other risks and uncertainties, including those under Item 1A “Risk Factors” in TMC’s Annual Report on Form 10-K for the year ended December 31, 2022, filed by TMC with the Securities and Exchange Commission (“SEC”) on March 27, 2023, and in TMC’s other future filings with the SEC. TMC cautions that the foregoing list of factors is not exclusive. TMC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TMC does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except as required by law.

GlobeNewswire Distribution ID 8867393

VICTOR, N.Y., June 30, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its first quarter fiscal 2024 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Friday, June 30, 2023 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

ABOUT CONSTELLATION BRANDS

Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

A PDF containing our First Quarter Fiscal 2024 Results and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/266842a0-89ee-4116-8efd-91f5a61622c9

GlobeNewswire Distribution ID 8867289

DUBAI, the United Arab Emirates, June 30, 2023 (GLOBE NEWSWIRE) — OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, has issued updates for the day of June 30, 2023.

OKX Liquid Marketplace Exceeds Over USD$3 Billion in Institutional Trading Volume, Records Milestone

OKX is proud to announce that its Liquid Marketplace, an on-demand liquidity network for institutional traders, exceeded USD$3 billion in trading volume. This milestone is a testament to the Liquid Marketplace’s success in providing institutional traders with deep liquidity and reliable execution.

This announcement follows the launch of the ‘Nitro Spreads’ feature on the OKX Liquid Marketplace, an OTC, futures spreads and options liquidity network, allowing traders to make complex basis trades with simple one-click execution.

Selected institutional clients who applied for early access via the Liquid Marketplace website can now use Nitro Spreads; wider access will be available to other institutional clients starting 5 July.

Nitro Spreads is one of the only basis trading tools in the crypto market in which the two legs of the trade are executed together via a central order book, eliminating leg risk between markets. Traders can select a guaranteed spread for a trade, eliminating the risk of the order for one leg being completed without the other. Trades are then matched and settled immediately.

The OKX Liquid Marketplace provides access to deep institutional liquidity and a number of crypto trading strategies, including futures spreads, large options block trades, or spot OTC, to run at scale. In April 2023, OKX announced that the Liquid Marketplace exceeded USD$1 billion in trading volume during the first three months of 2023, and as of the end of June 2023, the trading volume has more than tripled that figure.

To enhance its offering for institutional users, OKX is also expanding custody solutions by partnering with firms like Komainu to give institutional clients more transparency and control over funds while balancing capital efficiency, cost and security.

For more information, please visit the Support Center.

For further information, please contact:

Media@okx.com

About OKX

OKX is the second-largest global crypto exchange by trading volume and a leading Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. We’re also building our institutional offering by expanding our trading capabilities and championing product innovation, such as our recent partnership with Komainu Connect.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. OKX IS NOT REGULATED BY THE FCA, THUS, PROTECTIONS SUCH AS THE FINANCIAL OMBUDSMAN SERVICE OR FINANCIAL SERVICES COMPENSATION SCHEME WILL NOT BE AVAILABLE. YOU SHOULD CONSIDER WHETHER YOU UNDERSTAND HOW CRYPTO WORKS AND WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE VALUE OF YOUR DIGITAL ASSETS, INCLUDING STABLECOINS, CAN INCREASE OR DECREASE AND PROFITS MAY BE SUBJECT TO CAPITAL GAINS TAX. PAST PERFORMANCE DOES NOT INDICATE FUTURE RESULTS. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.

GlobeNewswire Distribution ID 8867388

• Highlights key initiatives that will drive the company’s transition towards a more sustainable business
• Reaffirms commitment to environmentally and socially responsible practices in R&D, clinical trials, manufacturing, and supply chain management to enable access to high-quality biological medicines for patients in need

INCHEON, Korea, June 30, 2023 (GLOBE NEWSWIRE) — Samsung Bioepis Co., Ltd. today released its 2023 sustainability report, highlighting its progress toward building more sustainable and socially responsible practices in research and development (R&D), clinical trials, manufacturing, and supply chain management.

“The consequences of the COVID-19 pandemic such as global supply chain disruptions, as well as the growing challenges of climate change have highlighted the importance of sustainable business, and this report embodies our commitment to reinforcing our environment, social, governance values and initiatives,” said Christopher Hansung Ko, President and Chief Executive Officer at Samsung Bioepis. “We will provide patients with wide-ranging portfolio of biologics products at affordable prices and promote win-win partnerships across the bio industry ecosystem.”

Together with Samsung Biologics, Samsung Bioepis is committed to joining the RE100 initiative, a group of global corporations pledging to shift to 100% renewable energy by 2050, and the company also targets to reach net-zero emissions by 2050.

The annual report provides a comprehensive overview of Samsung Bioepis’ performance and management of the company’s commitment to sustainability, and key highlights of the report are as follows:

Driving R&D Innovation
Samsung Bioepis pursues transformation and innovation throughout its business activities to drive its sustainable growth and to help address important issues that matter to our business, our stakeholders and society.
The company’s innovative research and development is the key to increase access to scientifically-proven medicines for patients around the world and unlock the potential of biosimilars.

Ensuring Product Quality and Patient Safety
Ensuring product quality and patient safety are at the center of Samsung Bioepis’ vision and priorities. Samsung Bioepis has rigorous quality management system in compliance with global standards to prevent quality risks.
Clinical trials are a critical part of patient safety, and Samsung Bioepis strives to adhere to strict global standards when it comes to pre-clinical and clinical trials.

Enhancing Access to Medicines
Samsung Bioepis holds on the mission of innovating access to medicines for patients worldwide. At the core of our business and vision are the patients around the world without viable treatment options, and the company is further committed to fulfilling its social responsibility and becoming a sustainable company.

Building Sustainable Supply Chain Management
Samsung Bioepis emphasizes the importance of ensuring that its products are delivered on time, so that patients can receive treatments at the right time. Sustainable supply chain management and supply continuity are the most important aspects of the company’s mission and promise to patients that we will deliver the high-quality medicines they need.
The company also takes the impact of our activities seriously throughout the entire supply chain by conducting ESG assessments of its existing supply chains on a regular basis and reviewing its suppliers’ human rights, code of ethics and environmental performance.

The company’s report is formulated in the Core Options of the Global Reporting Initiative (GRI) Standards and details activities and achievements that are aligned with the Sustainability Accounting Standards Board (SASB). Samsung Bioepis’ detailed ESG performance can be found in the full report: https://bit.ly/3NR2obo

About Samsung Bioepis Co., Ltd.
Established in 2012, Samsung Bioepis is a biopharmaceutical company committed to realizing healthcare that is accessible to everyone. Through innovations in product development and a firm commitment to quality, Samsung Bioepis aims to become the world’s leading biopharmaceutical company. Samsung Bioepis continues to advance a broad pipeline of biosimilar candidates that cover a spectrum of therapeutic areas, including immunology, oncology, ophthalmology, hematology and endocrinology. For more information, please visit: www.samsungbioepis.com and follow us on social media – Twitter, LinkedIn.

MEDIA CONTACT
Jane Chung, ejane.chung@samsung.com
Anna Nayun Kim, nayun86.kim@samsung.com

GlobeNewswire Distribution ID 8866746