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HEALWELL's VeroSource Solutions Provides Corporate Update Demonstrating Rapid Growth and Expansion Across Canadian Public Sector Clients
Newsfile· 2024-11-27 08:15
Core Insights - HEALWELL AI Inc. is experiencing rapid growth and expansion in the Canadian public healthcare sector through its subsidiary VeroSource Solutions Inc., particularly with the launch of the Patient Summary functionality [3][4][6]. Group 1: Growth Metrics - Over 600,000 residents in New Brunswick are now eligible to generate a Patient Summary via the MyHealthNB platform, which saw an average of over 35,000 unique monthly users in 2024, reflecting a 100% growth compared to 2023 [4][6]. - The VeroSource-managed Saskatchewan Health Authority website recorded over 1.3 million accesses in 2024, marking a 50% increase in traffic from the previous year [5][6]. Group 2: Technology and Innovation - VeroSource has developed the first patient-mediated Patient Summary in North America, enabling secure sharing of health information between patients and healthcare providers [4][6]. - The technology is scalable across various provincial jurisdictions and healthcare systems, addressing long-standing challenges in healthcare data sharing [6][8]. Group 3: Strategic Positioning - HEALWELL aims to unlock value for the public sector by integrating VeroSource's Patient Summary and data interoperability solutions with its proprietary AI capabilities [3][8]. - The integration with Pentavere's AI capabilities is expected to enhance population health insights and improve the robustness of the Patient Summary [8]. Group 4: Future Plans - VeroSource plans to expand its offerings into additional provinces in 2025, positioning itself as a nationwide leader in healthcare innovation [6][8]. - The company is focused on improving data quality and establishing consistent data exchange standards, which are essential for a connected healthcare system [7].
Spearmint Acquires the George Lake South Antimony Project in New Brunswick, Canada
Newsfile· 2024-11-27 08:01
Spearmint Acquires the George Lake South Antimony Project in New Brunswick, CanadaNovember 27, 2024 3:01 AM EST | Source: Spearmint Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the "Company" or "Spearmint") wishes to announce that it has acquired the George Lake South Antimony Project in New Brunswick, Canada. This project consists of 1,945 contiguous acres prospective for antimony.James ...
Brunswick Exploration Announces Non-Brokered Private Placement of $3M
GlobeNewswire News Room· 2024-11-25 12:00
Core Viewpoint - Brunswick Exploration Inc. is conducting a non-brokered private placement to raise up to $3,000,000 through the sale of common shares, aimed at financing its lithium exploration projects in Quebec and Greenland [1][2]. Group 1: Offering Details - The Offering includes the sale of up to 6,525,000 Québec flow-through shares at $0.23 each, aiming for gross proceeds of up to $1,500,750 [1]. - Additionally, up to 2,326,000 National flow-through shares will be sold at $0.215 each for gross proceeds of up to $500,090 [1]. - Up to 3,226,000 Charity flow-through shares will be sold at $0.31 each, targeting gross proceeds of up to $1,000,060 [1]. Group 2: Use of Proceeds - Proceeds from the Offering will be utilized to accelerate drilling at the Mirage Project and to test the recently announced discovery at the Elrond Project [2]. - The funds will be allocated to incur "Canadian exploration expenses" and "flow through mining expenditures" as defined in the Tax Act [2]. Group 3: Company Overview - Brunswick Exploration is a Montreal-based mineral exploration company focused on lithium exploration, which is critical for global decarbonization and energy transition [5]. - The company is advancing one of the most extensive grassroots lithium property portfolios in Canada and Greenland [5].
Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery
GlobeNewswire News Room· 2024-11-07 11:00
Core Viewpoint - Brunswick Exploration Inc. has announced the discovery of spodumene in Nuuk, Greenland, and has applied for additional licenses in the area, expanding its holdings in Western Greenland to capitalize on the confirmed lithium potential [1][2]. Company Developments - The company has consolidated high-priority targets in Western Greenland, controlling a significant grassroots exploration portfolio and being the only company actively exploring for lithium in the region [2]. - Brunswick Exploration is preparing to launch a major lithium exploration initiative in 2025, focusing on collaboration with local communities and government [2]. License and Exploration Details - The company has applied for new licenses covering a total of 92,547 hectares, which include hundreds of mapped pegmatites, with 90 of them measuring between 500 and 2,000 meters in length [3]. - The Nuuk holdings include the Ivisaartoq discovery and adjacent Ujarassuit amphibolite belt, which is up to 1 kilometer wide and approximately 40 kilometers long [5]. - Additional claims in the Disko Bay area cover 49,639 hectares with hundreds of mapped pegmatite targets, including 54 that are between 500 and 2,000 meters in length [7]. - The Uummannaq licenses encompass 9,770 hectares with multiple mapped pegmatites, including 30 that are between 500 and 2,000 meters in length [8]. Strategic Positioning - Brunswick Exploration's new holdings are strategically located near communities and tidal waters, ensuring logistical and infrastructure support for future development [2]. - The company aims to leverage its lithium expertise to advance exploration targets and deliver results throughout 2025 [3].
Brunswick Corporation Reports Another Successful Ft. Lauderdale International Boat Show with Record Sales and Continued Share Gains
GlobeNewswire News Room· 2024-11-04 14:33
METTAWA, Ill., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC) today revealed another record-breaking performance at the 2024 Ft. Lauderdale International Boat Show (FLIBS), with continued outboard engine market share growth and record unit sales for several of its premium brands. Some notable highlights for Brunswick during this five-day event included: Mercury Marine reported record outboard market share for the seventh consecutive year in Ft. Lauderdale, accounting for an all-time high ...
Brunswick Exploration Discovers Greenland's First Spodumene Pegmatite in Major Evolved Pegmatite Field
GlobeNewswire News Room· 2024-10-30 11:04
MONTREAL, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; "BRW" or the "Company") is extremely pleased to announce that it has discovered a lithium-bearing pegmatite containing spodumene within the company's Nuuk License, located roughly 90 kilometers north-east of Nuuk, the capital of Greenland (Figure 1). The newly discovered pegmatite outcrop is open in all directions and is part of a significant evolved pegmatite field measuring over 20 kilometers l ...
Brunswick Corporation Named One of the ‘World's Top Companies for Women 2024' by Forbes
GlobeNewswire News Room· 2024-10-29 18:50
METTAWA, Ill., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), the world's largest recreational marine technology company, has been named one of the 'World's Top Companies for Women' by Forbes for its leadership in supporting women in the workplace. Of the thousands of companies that were surveyed for this recognition, only 400 made the list and Brunswick finished in the top half overall. "Being named a top employer for women by Forbes is a tremendous honor for us," stated Jill Wrobel, C ...
Lode Gold Submits Application for Exchange Approval to Form Spin Co, Gold Orogen - a Yukon (Tombstone Belt) & New Brunswick Exploration Company
Newsfile· 2024-10-28 12:30
Core Viewpoint - Lode Gold Resources Inc. has submitted an application to the TSX Venture Exchange for the approval of a spin-out of Gold Orogen, which is part of its strategic plan to unlock value for shareholders [3][5]. Company Developments - The company plans to hold a shareholder meeting in early December 2024 to seek approval for the Plan of Arrangement related to the spin-out [3]. - A share consolidation on a ten-for-one basis has been executed, resulting in 38,032,970 shares issued and outstanding post-consolidation [4][6]. - Trading of Lode Gold's common shares will commence on a consolidated basis on October 29, 2024, under the unchanged trading symbol LOD [5]. Project Highlights - Lode Gold's projects include the Golden Culvert and WIN Projects in Yukon, covering 99.5 km², situated in a high-grade gold-mineralized trend within the Tombstone Gold Belt [8]. - In New Brunswick, the company has established a significant land package with a 42 km strike within 420 km², including the McIntyre Brook Project [10]. - The Fremont Gold development project in California has a Preliminary Economic Assessment (PEA) indicating an after-tax NPV (5%) of USD $217 million and a 21% IRR over an 11-year life of mine, with potential for higher valuations at increased gold prices [11]. Shareholder Structure - Four shareholders hold over 60% of the post-consolidated shares, indicating a tight capital structure that may attract new investors [6].
Brunswick Corporation: Valuation Is Pricing A Recovery Next Year
Seeking Alpha· 2024-10-25 15:06
My previous investment thought on Brunswick Corporation (NYSE: BC ) (published in August) was to upgrade to a hold rating because I was uncertain of how the demand situation would be in the nearI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ultimately, I aim to ident ...
Brunswick(BC) - 2024 Q3 - Earnings Call Transcript
2024-10-24 22:45
Financial Data and Key Metrics - Net sales in Q3 2024 were down 20% YoY, with adjusted operating margins just under 10%, resulting in an adjusted EPS of $1.17 [13] - Year-to-date sales were down 19%, with an adjusted diluted EPS of $4.31, down 41% YoY [14] - Free cash flow conversion is expected to be north of 80% for the year, with free cash flow remaining solid despite lower earnings [19] - The company completed $190 million of share repurchases year-to-date [4] Business Segment Performance Propulsion Business - Sales in the propulsion segment were down 32% YoY, with lower production rates at OEM boat manufacturers leading to reduced engine orders [15] - Despite lower wholesale orders, the company gained 420 basis points of U.S. outboard engine market share in Q3 [5] - The engine parts and accessories business achieved record operating margins of 26% in Q3 [5] Navico Group - Navico Group reported a 14% decrease in sales, primarily due to reduced sales to marine OEMs, partially offset by slight international sales growth [16] - The group launched over 20 new products year-to-date, with expectations of operating margin re-expansion in Q4 [7] Boat Business - The boat business saw sales and operating earnings below Q3 2023 levels, consistent with lower planned production levels and fewer manufacturing days [6] - Sales were down 19% YoY, driven by cautious wholesale orders and higher incentives, partially offset by modest model year pricing [17] Freedom Boat Club - Freedom Boat Club delivered steady performance with 3.5% year-to-date membership sales growth and completed the acquisition of the South Florida Franchise Operations [7] Market Performance - U.S. outboard engine industry retail units declined 10% in Q3 2024, with Mercury Marine outperforming the industry at a decline of just 1.8% [11] - The company ended Q3 with 10,700 units in the U.S. pipeline, slightly below the prior year [11] Strategic Direction and Industry Competition - The company is focusing on market share gains and maintaining a fresh product portfolio to position for growth when the market recovers [9] - Brunswick is investing in new products and technologies across all businesses, with over 20 new products introduced by Navico Group year-to-date [7] - The company is expanding its presence in Asia and expects to enter the market soon [7] Management Commentary on Operating Environment and Future Outlook - Management noted that the macroeconomic landscape is stabilizing, with inflation moderating and employment remaining solid, but geopolitical tensions and election-related activities are being monitored [8] - The company expects full-year new boat retail unit sales to be down approximately 10% YoY, in line with expectations [3] - Management anticipates a stronger 2025, with healthier economic conditions, lower interest rates, and potential market share gains [24][25] Other Important Information - The company estimates a full-year operating earnings impact of $5 million to $10 million due to hurricanes in Florida and the Southeastern U.S. [10] - Brunswick has increased its revolving credit facility to $1 billion and expanded its commercial paper program to $1 billion for additional capital flexibility [4] Q&A Session Summary Question: Changes in customer demand and dealer sentiment - Retail demand is pacing as expected, down about 10% YoY, with some weakening in Europe [22] - The company is de-risking the balance of the year by avoiding overstocking pipelines and not pulling wholesale orders into 2024 [23] Question: 2025 outlook and inventory levels - The company expects 2025 to be a growth year, with flat retail sales and potential upside in the marine market [25] - Inventory levels are expected to finish the year in the high 30s in the U.S. and around 40 globally [34] Question: Mercury Marine market share gains - Mercury Marine gained 420 basis points of U.S. outboard engine market share in Q3, with a focus on the 130 basis points year-to-date gain [41] Question: Navico Group performance and outlook - Navico Group is expected to see stability and modest growth in Q4, driven by new product launches [42] Question: Engine parts and accessories business margins - The engine parts and accessories business achieved record operating margins of 26% in Q3, with sustainability expected around 20% for the full year [50] Question: Cost reductions and 2025 expectations - The company has taken out $100 million in costs versus the initial budget, with $30 to $40 million expected to stay out in 2025 [53] Question: Propulsion margins in Q4 - Propulsion margins in Q4 are expected to be lower due to reduced production volumes and absorption challenges [55] Question: International inventory levels - International inventory levels are higher than in the U.S., but the company is managing pipelines similarly to control inventory [58] Question: Dealer inventory preferences - Dealers are collaborating with the company to set inventory levels, with no significant changes expected in long-term weeks on hand [60] Question: Promotional strategy in Q4 - The company is avoiding excessive wholesale pull-forward in Q4 to prevent learned behaviors of waiting for promotions [62]