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Skyharbour Closes Major Strategic Transaction with Denison Mines to Form Four New Joint Ventures at Russell Lake with Combined Project Consideration up to $61.5 Million
Globenewswire· 2025-12-17 09:00
Core Insights - Skyharbour Resources Ltd. has finalized a strategic agreement with Denison Mines Corp. for the Russell Lake Uranium Project, which includes joint venture agreements and a significant financial commitment from Denison [1][4][5] Financial Overview - The strategic agreement entails a total project consideration of up to CAD $61.5 million, including an initial cash payment of $10 million and additional cash and share payments of $8 million before year-end [5][7] - Denison will invest up to $43.5 million over seven years to acquire between 20% and 70% ownership in the claims of the Russell Lake Project [5][10] Project Structure - The Russell Lake Project has been divided into four joint ventures: Wheeler North, Getty East, Wheeler River Inlier Claims, and Russell Lake, with Skyharbour retaining varying ownership interests [5][10] - Skyharbour will maintain an 80% ownership interest in the RL claims, which cover over 53,192 hectares, while Denison will hold a 20% interest [15][10] Exploration and Development Plans - Denison has committed to a minimum of $4 million in exploration expenditures over the first two years for Wheeler North and Getty East [5][6] - The geological teams from both companies will collaborate to enhance exploration efforts and unlock value across the joint ventures [5][6] Strategic Importance - The Russell Lake Project is strategically located in the Eastern Athabasca Basin, adjacent to significant uranium mining operations, enhancing its exploration potential [1][14] - The partnership with Denison, a leading uranium mining company with a market capitalization exceeding $3 billion, is expected to accelerate exploration and development at Russell [5][6] Future Outlook - Skyharbour is well-funded with over $11 million in treasury, allowing for continued exploration and operational activities through 2026 [5][6] - The company aims to maximize shareholder value through new mineral discoveries and long-term partnerships in favorable jurisdictions [26]
Loop Industries and Ester Industries' India Joint Venture Awards Detailed Engineering Contract to Toyo for Infinite Loop(TM) India
Accessnewswire· 2025-12-16 13:00
Core Viewpoint - Loop Industries, Inc. has made significant progress in its Infinite Loop™ India project by awarding a detailed engineering contract to Toyo Engineering India Private Limited, marking a key milestone towards the project's construction phase [1] Company Summary - Loop Industries is a clean technology company focused on creating a circular plastics economy through the production of 100% recycled polyethylene terephthalate (PET) plastic and textile-to-textile polyester [1] - The company has formed a joint venture in India named ELITe (Ester Loop Infinite Technologies pvt Ltd) in partnership with Ester Industries [1] Industry Summary - The engineering contract awarded to Toyo Engineering India Private Limited highlights the involvement of a globally recognized EPC firm with over 40 years of experience in executing large-scale industrial and petrochemical projects in India [1]
Zimmer Biomet, OneStep Collaborate to Provide Enhanced Mobility Data to Patients and Surgeons to Help Improve Joint Procedure Recovery
Prnewswire· 2025-12-16 12:30
Core Insights - Zimmer Biomet and OneStep have entered into an exclusive collaboration to enhance recovery monitoring in orthopedic surgery through comprehensive mobility data integration [1][2][4]. Company Overview - Zimmer Biomet is a global leader in medical technology, focusing on maximizing mobility and improving health through innovative products and integrated digital solutions [6][7]. - OneStep is an FDA-listed digital care platform that captures gait, balance, and mobility data using smartphones, aimed at improving patient care and monitoring [9]. Collaboration Details - The partnership will integrate OneStep's gait and mobility analytics into Zimmer Biomet's mymobility Care Management Platform, allowing for remote assessment of patients' recovery progress [3][4]. - The mymobility platform provides a comprehensive patient experience, including education, surveys, check-ins, and telehealth applications, all aimed at enhancing recovery monitoring [4]. Technological Integration - OneStep's mobility intelligence is based on the analysis of over one million gait cycles daily, providing a substantial real-world mobility dataset to support clinicians in tailoring rehabilitation programs [4]. - The integration aims to transform gait and mobility into vital signs, empowering both patients and providers with clinically meaningful data [4].
U Power and FTT Holding to Establish a Joint Venture to Accelerate Expansion in Southern Europe
Prnewswire· 2025-12-16 12:00
Core Viewpoint - U Power Limited has signed a Letter of Intent with FTT Holding Company to establish a strategic Joint Venture aimed at expanding its operations in Southern Europe, with FTT Holding committing up to $50 million to support this initiative [1][2]. Group 1: Joint Venture and Investment - FTT Holding plans to invest up to $50 million into the Joint Venture, which will support U Power's growth initiatives, including smart EV charging and next-generation energy infrastructures [2]. - U Power has also entered into a Share Subscription Agreement with FTT Holding for a private placement of up to $10 million in Class A ordinary shares, which will be issued at a premium to the current trading price and includes a 39-month lock-up period [3]. Group 2: Company Strategy and Vision - The investment from FTT Holding is seen as a strategic step to strengthen the partnership and enhance combined capabilities, with expectations that it will support key shared programs and facilitate expansion in Europe [4]. - U Power aims to evaluate additional opportunities to enhance shareholder value and build long-term returns for investors [4]. Group 3: Company Overview - U Power is a provider of AI-integrated energy solutions that connect electric vehicles with advanced energy infrastructure, optimizing mobility and grid performance [6]. - The company has evolved from a distributor of battery-swapping stations to a provider of comprehensive AI-driven solutions for energy grids and transportation systems [6][7].
Rhodes Ridge Joint Venture partners begin $191 million feasibility study on up to 50Mtpa Pilbara iron ore mine
Businesswire· 2025-12-15 21:33
Core Viewpoint - The Rhodes Ridge Joint Venture has approved a feasibility study worth $191 million (A$294 million) to advance the development of the Rhodes Ridge project, which is recognized as one of the best undeveloped iron ore deposits globally [1] Group 1: Project Details - The feasibility study will evaluate the development of an operation with an initial annual production capacity of 40 to 50 million tonnes of iron ore [1] - Rio Tinto's share of the feasibility study costs is $96 million (A$147 million) [1] Group 2: Location and Significance - The Rhodes Ridge project is located in Western Australia's Pilbara region, a significant area for iron ore mining [1]
Zhibao Technology Inc. Launches Zhibao Yingshi - A Joint Venture to Accelerate Development of Medical Insurance Products
Newsfile· 2025-12-12 14:00
Core Viewpoint - Zhibao Technology Inc. has launched a joint venture, Zhibao Yingshi, to enhance the development of medical insurance products in China, leveraging the strengths of both Zhibao and Yingshi Health [1][5]. Company Overview - Zhibao Technology Inc. is a leading InsurTech company focused on digital insurance brokerage services in China, having pioneered the first digital insurance brokerage platform in the country in 2020 [8][9]. - Yingshi Health specializes in health insurance management, emphasizing innovative product design and comprehensive risk control management [10]. Joint Venture Details - The joint venture, Zhibao Yingshi, was established in September 2025, with Zhibao holding a 51% equity interest [3]. - The initial revenue for Zhibao Yingshi was recorded in November 2025, primarily from service fees related to mid- and high-end medical policies [2]. Financial Targets - The joint venture has set preliminary monthly revenue targets of RMB 4 million (approximately USD 560,000) for the remainder of 2025 and an annual revenue target of RMB 50 million (approximately USD 7 million) for 2026, with an expected annual growth rate of no less than 10% [4]. Management and Operations - The management team of Zhibao Yingshi will include Mr. Chunhui Ji from Yingshi Health as chairman and general manager, integrating resources from both companies to achieve growth targets [7][8]. - Zhibao will contribute its existing strengths in reinsurance, brokerage, medical networks, and risk management to the joint venture [7].
ABS, ENEOS, NYK Line, and SEACOR Holdings Launch Joint Study to Develop a Methanol Marine Fuel Supply Network in the U.S.
Globenewswire· 2025-12-12 13:30
Core Insights - A joint study has been initiated by American Bureau of Shipping (ABS), ENEOS Corporation, Nippon Yusen Kabushiki Kaisha (NYK Line), and SEACOR Holdings Inc. to develop a methanol bunkering and supply chain network along the U.S. Gulf Coast [1][2] - The objective is to establish the first commercial-scale ship-to-ship methanol bunkering operations in the U.S., aligning with the International Maritime Organization's target of net-zero greenhouse gas emissions by 2050 [2][4] Company Contributions - ENEOS will focus on the procurement and supply of low-carbon methanol, including green methanol produced by C2X through the Beaver Lake Renewable Energy project in Louisiana [3][8] - NYK Line will utilize its experience in LNG bunkering infrastructure to provide technical expertise for methanol bunkering vessels [3][8] - SEACOR will leverage its expertise as a Jones Act qualified owner and operator, contributing to the design, engineering, and construction of the bunkering operations [4][8] - ABS will offer class and regulatory support necessary for establishing methanol bunkering operations in the U.S. [4][8] Industry Context - Low-carbon methanol is gaining traction as a next-generation marine fuel due to its ease of handling and potential to reduce greenhouse gas emissions [2] - The initiative aims to contribute to a carbon-neutral future for the maritime industry, addressing the increasing demand for practical solutions to meet environmental targets [4]
The Joint Corp. Signs Asset Purchase Agreement to Sell 22 Corporate Clinics in the Southeast and Delivers Notice to Terminate APA for 45 Clinics in California
Globenewswire· 2025-12-11 21:52
Core Insights - The Joint Corp. has signed an Asset Purchase Agreement to sell 22 corporate-owned or managed clinics for $1.5 million to three buying groups, with operations transitioning to the buyers in mid-December [1][3] - The company has terminated a previous APA for 45 clinics in Southern California, signed on November 2, 2025 [1] Summary of Transactions - Nine clinics will be purchased by an existing franchisee and regional developer with over 13 years of experience at The Joint, who currently owns eight other clinics in North Carolina [5] - Ten clinics in North Carolina will be acquired by a Doctor of Chiropractic and his business partner, who has over three years of operations experience within the system [5] - Three clinics in Georgia and South Carolina will be purchased by a team of two seasoned Doctors of Chiropractic, who are also franchisees at The Joint [5] Company Overview - The Joint Corp. is the largest franchisor of chiropractic care in the U.S., operating over 950 locations and facilitating more than 14 million patient visits annually [7] - The company has been recognized in various industry rankings, including Franchise Times' "Top 400" and "Fast & Serious" lists, and has been named "No. 1 in Chiropractic Services" by Entrepreneur [7] - The Joint's business model focuses on making chiropractic care convenient and affordable, eliminating the need for insurance [7][8]
Surge Announces Entering into Joint Venture with Evolution Mining Limited
Newsfile· 2025-12-02 18:22
Core Viewpoint - Surge Battery Metals Inc. has established a joint venture with Evolution Mining Limited to advance the Nevada North Lithium Project, marking a significant step in lithium asset development in the U.S. [10] Group 1: Joint Venture Agreement - Surge Battery Metals USA Inc. and Evolution Mining Limited have entered into a joint venture agreement to develop the Nevada North Lithium Project [1] - The joint venture will be implemented through Nevada North Lithium, LLC, focusing on completing a Preliminary Feasibility Study (PFS) [2] Group 2: Contributions and Ownership - Surge US has contributed all its mining claims and mineral rights for the NNLP, while Evolution has contributed its 75% mineral interest in an 880-acre private land portion and additional mineral rights in over 21,000 acres [3] - Surge US will initially hold a 77% ownership interest in the joint venture, with Evolution holding 23% [5] - Evolution is obligated to fund up to CAD$10,000,000 for the PFS, with an initial CAD$3,000,000 expected by December 5, 2025 [5] Group 3: Governance and Management - The joint venture will be governed by an Operating Committee, consisting of five appointees, with Surge US appointing three and Evolution appointing two [6] - Surge US will act as the general manager of the NNLP as long as it holds more than a 50% ownership interest [7] Group 4: Strategic Importance - The partnership aims to accelerate the development of one of the most promising lithium assets in the U.S., addressing the growing demand for critical battery metals [10] - Surge Battery Metals is positioned as a key player in securing domestic lithium supply through its engagement in the Nevada North Lithium Project [15]
Surge Announces Finalization of Terms of Joint Venture with Evolution Mining Limited
Newsfile· 2025-11-27 13:00
Core Points - Surge Battery Metals Inc. has finalized transaction documents for a joint venture with Evolution Mining Limited to develop the Nevada North Lithium Project [1] - The transaction is set to close on December 1 and 2, 2025, following the U.S. Thanksgiving holidays [1][2] Company Overview - Evolution Mining Limited is a prominent global gold miner operating six mines, including five wholly-owned mines and an 80% stake in Northparkes [3] Project Details - The Nevada North Lithium Project is located in the Granite Range, Nevada, with significant lithium-bearing clay deposits identified over a strike length of more than 4,300 meters and a width exceeding 1,500 meters [4] - The project has an inferred resource of approximately 8.65 million tons of Lithium Carbonate Equivalent (LCE) with a grade of 2,955 ppm Li at a cutoff of 1,250 ppm [4] - A recently completed Preliminary Economic Assessment (PEA) indicates an after-tax NPV at 8% of US $9.17 billion and an after-tax IRR of 22.8% at a price of US $24,000 per ton LCE, with an OPEX of US $5,243 per ton LCE [4]