News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Discover Latest #Expectation News, Articles and Videos with Contenting
- ABC News Expectation is an attitude of anticipation, and it is often associated with hope and optimism. Expectations can be positive or negative. Positive expectations can lead to positive outcomes, while negative expectations can lead to disappointment or failure. ABC News provides news and analysis related to expectations from around the world. In addition to news and opinion articles, ABC News offers videos that provide insight into issues related to expectations.
Eurozone industrial output surges 2.6% mom in March, led by capital goods - Action Forex
Eurozone industrial production jumped 2.6% mom in March, significantly outperforming expectations of 1.7% mom. The surge was driven by strong gains across key categories, including capital goods (+3.2%), durable consumer goods (+3.1%), and non-durable consumer goods (+2.3%). Intermediate goods also posted a modest 0.6% rise, while energy output dipped by -0.5%.
UK economy beats expectations with 0.7% qoq growth in Q1, 0.2% mom in March - Action Forex
The UK economy expanded by 0.7% qoq in Q1, slightly ahead of expectations at 0.6% qoq. Growth was led by a 0.7% qoq rise in the services sector and a robust 1.1% qoq increase in production output, while construction activity was flat. Importantly, real GDP per head also rose by 0.5% qoq, ending two consecutive quarters of contraction.
Cornish Metals Releases Unaudited Financial Statements and Management’s Discussion and Analysis for the Three Months Ended 31 March 2025 - ForexTV
VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (TSX-V/AIM: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that it has released its unaudited financial statements and management, discussion and analysis (“MD&A”) for the three months ended March 31, 2025. The reports are available under the Company’s profile on SEDAR+ (www.sedarplus.ca) and on the Company’s website (www.cornishmetals.com). Highlights for the three months ended March 31, 2025 and for the period ending May 14, 2025 (All figures expressed in Canadian dollars unless otherwise stated) Strategic investment and fundraise (the “Fundraise”) (news releases dated January 28-31, 2025): The Fundraise totalling £57.4 million announced on January 28-31, 2025 was anchored by the National Wealth Fund Limited (“NWF”) and Vision Blue Resources Limited (“Vision Blue”), investing £28.6 million and £18.1 million, respectively, with a further £10.7 million from existing shareholders and new investors, including £1.4 million from a retail offer;The Fundraise is expected to provide financial runway through to the end of Q1 2026 and will enable the Company to further de-risk South Crofty and advance it towards a formal final investment decision; Senior management appointments (news release dated April 27, 2025): Strengthening of the project and operations teams at South Crofty with the appointments of Dave Howe as General Manager and Guillermo Alcaraz as Project Director;Mr. Howe has 35 years of open pit and hard rock underground mining (including narrow vein) operational and exploration experience, of which 24 years were in executive and senior management roles;Mr. Alcazar is a project executive with over two decades of global experience leading and overseeing a multimillion-dollar complex portfolio of mining, heavy industrial and infrastructure projects across diverse development stages; Purchase of 4.5 acres of land from Cornwall Council (news release dated April 1, 2025): The purchased land is immediately adjacent to existing surface land owned by Cornish Metals and provides direct access to the main road at Dudnance Lane from where a new entrance to the mine site is planned and where a new mine office, stores and workshop will be located. Mine dewatering and refurbishment of New Cook’s Kitchen Shaft: Refurbishment of New Cook’s Kitchen shaft (“NCK”) is progressing and has reached approximately 290 metres below surface. The water level in NCK shaft is currently at approximately 300 metres below surface;Progress during the period under review has been slower than in prior periods reflecting the staged maintenance of the submersible pumps in preparation for the next phase of dewatering. Dewatering is currently advancing at a rate of over 15,000 m3 per day and this will increase to approximately 25,000 m3 per day once maintenance is completed. Don Turvey, CEO and Director of Cornish Metals, stated: “We started the year on a strong note successfully completing the £57.4 million fundraise that was supported by existing and new shareholders, including Vision Blue and the UK’s National Wealth Fund. This funding will enable the Company to maintain its strong momentum and further unlock South Crofty’s potential by delivering important milestones expected in the coming year including advancing mine dewatering and shaft refurbishment, placing orders for long-lead items, the start of early project works and concluding the project finance process. We have also strengthened our project and operations teams at South Crofty with senior appointments to the roles of Project Director and General Manager who will be key to leading South Crofty through successful construction and to full production.” Financial highlights for the three months ended March 31, 2025 and March 31, 2024 Three months ended March 31, 2025 March 31, 2024 (Expressed in Canadian dollars) Total operating expenses3,189,723 2,759,198 Loss for the period3,043,606 2,561,669 Net cash used in operating activities(2,190,616) (1,148,564) Net cash used in investing activities(6,602,900) (7,895,388) Net cash provided by (used in) financing activities87,513,355 (85,646) Cash at end of the period88,954,141 17,015,749 Operating expenses have risen reflecting increased professional fees associated with more corporate activity as well as an increase in corporate remuneration due to bonuses following completion of the Fundraise;Project related expenditure of $5.3 million relating to the advancement of South Crofty, primarily relating to NCK shaft re-access & refurbishment, preparation for the refurbishment of the pump station at 360 metres depth and ongoing project engineering studies;Dewatering costs of $1.5 million for power, reagents, sludge disposal and maintenance of the water treatment plant (“WTP”);Receipt of $87.5 million in net proceeds from the Fundraise after repayment of the debt facility with Vision Blue which was settled through a set-off with the Fundraise; andCash increased by $78.7 million to $89.0 million at the period end due to the proceeds received from the Fundraise offset by ongoing development activities at South Crofty. Outlook As described above, the Company continues to advance and derisk South Crofty towards production. The Company’s near-term objectives are as follows: Complete dewatering of South Crofty mine and refurbishment of NCK shaft;Advance detailed project engineering studies;Place orders for long lead items of plant and equipment;Commence early project works, including initial construction of the groundworks for the processing plant; andArrange project financing for South Crofty. ABOUT CORNISH METALS Cornish Metals is a dual-listed mineral exploration and development company (AIM and TSX-V: CUSN) that is advancing the South Crofty tin project towards production. South Crofty: is a historical, high-grade, underground tin mine located in Cornwall, United Kingdom and benefits from existing mine infrastructure including multiple shafts that can be used for future operations;is permitted to commence underground mining (valid to 2071), construct a new processing facility and for all necessary site infrastructure;has a 2024 Preliminary Economic Assessment that validates the Project’s potential (see news release dated April 30, 2024 and the Technical Report entitled “South Crofty PEA”): US$201 million after-tax NPV8% and 29.8% IRR3-year after-tax payback4,700 tonnes average annual tin production in years two through sixLife of mine all-in sustaining cost of US$13,660 /tonne of payable tinTotal after-tax cash flow of US$626 million from start of production would be the only primary producer of tin in Europe or North America. Tin is a Critical Mineral as defined by the UK, American, and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia;benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate up to 320 direct jobs. The 2024 Preliminary Economic Assessment for South Crofty is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorised as Mineral Reserves. There is no certainty that the 2024 Preliminary Economic Assessment will be realised. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. TECHNICAL INFORMATION This news release has been reviewed and approved by Mr. Stephen Holley, BSc (Hons), ACSM, MSc, MSCM, CEng MIMMM, Feasibility Study Manager for Cornish Metals who is the designated Qualified Person as the term is defined in Canadian National Instrument 43-101 and the AIM Rules for Companies, and a Competent Person as defined under the JORC Code (2012). Mr. Holley consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. ON BEHALF OF THE BOARD OF DIRECTORS “Don Turvey”Don TurveyCEO and Director Engage with us directly at our investor hub. Sign up at: https://investors.cornishmetals.com/link/6eWEjP For additional information please contact: Cornish MetalsFawzi Hananoinvestors@cornishmetals.com Irene Dorsmaninfo@cornishmetals.com Tel: +1 (604) 200 6664 SP Angel Corporate Finance LLPRichard MorrisonTel: +44 203 470 0470(Nominated Adviser & Joint Broker)Charlie Bouverat Grant Barker Hannam & PartnersMatthew Hassoncornish@hannam.partners (Joint Broker)Andrew ChubbTel: +44 207 907 8500 Jay Ashfield BlytheRayTim Blythecornishmetals@blytheray.com (Financial PR)Megan RayTel: +44 207 138 3204 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution regarding forward looking statements This news release may contain certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”). Forward-looking statements include predictions, projections, outlook, guidance, estimates and forecasts and other statements regarding future plans, the realisation, cost, timing and extent of mineral resource or mineral reserve estimates, estimation of commodity prices, currency exchange rate fluctuations, estimated future exploration expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital and the Company’s ability to obtain financing when required and on terms acceptable to the Company, future or estimated mine life and other activities or achievements of Cornish Metals. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could”, “would” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release, are forward-looking statements that involve various risks and uncertainties and there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of upcoming work programmes; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; projected dates to commence mining operations; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. The list is not exhaustive of the factors that may affect Cornish’s forward-looking statements. Cornish Metals’ forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward- looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Cornish Metals does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. Caution regarding non-IFRS measures This news release contains certain terms or performance measures commonly used in the mining industry that are not defined under International Financial Reporting Standards ("IFRS"), including "all-in sustaining costs". Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS and should be read in conjunction with Cornish Metals’ consolidated financial statements and Management Discussion and Analysis, available on its website and on SEDAR+ at www.sedarplus.ca. Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. CONSOLIDATED CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION(Unaudited)(Expressed in Canadian dollars) March 31, 2025 December 31, 2024 ASSETS Current Cash$88,954,141 $9,589,029 Marketable securities 3,078,376 2,874,696 Receivables 2,862,514 2,697,326 Prepaid expenses 673,554 504,902 Deferred financing fees - 637,718 95,568,585 16,303,671 Deposits 112,576 64,341 Property, plant and equipment 27,143,529 27,132,244 Exploration and evaluation assets 90,750,183 79,961,014 $213,574,873 $123,461,270 LIABILITIES Current Accounts payable and accrued liabilities$5,735,330 $4,045,083 Deferred income - 150,000 Loan liability - 13,457,169 5,735,330 17,652,252 NSR liability 9,826,144 9,869,289 15,561,474 27,521,541 SHAREHOLDERS’ EQUITY Capital stock 229,373,265 128,394,652 Capital contribution 2,007,665 2,007,665 Share-based payment reserve 1,604,784 1,353,933 Foreign currency translation reserve 11,528,569 7,640,757 Deficit (46,500,884) (43,457,278) 198,013,399 95,939,729 $213,574,873 $123,461,270 CONSOLIDATED CONDENSED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (Expressed in Canadian dollars) Three months ended March 31, 2025 March 31, 2024 EXPENSES Travel and marketing$205,667 $214,138 Insurance 179,920 203,063 Office, miscellaneous and rent 91,226 56,505 Professional fees 541,343 275,093 Generative exploration costs - 1,191 Regulatory and filing fees 30,398 29,265 Share-based compensation 162,617 123,799 Salaries, directors’ fees and benefits 1,978,552 1,856,144 Total operating expenses (3,189,723) (2,759,198) Interest income 133,582 265,666 Interest expense (486,337) - Foreign exchange gain (loss) 377,892 (18,900)Gain on receipt of non-refundable deposit 150,000 - Unrealized loss on marketable securities (29,020) (49,237) Loss for the period (3,043,606) (2,561,669) Foreign currency translation 3,887,812 1,413,937 Total comprehensive income (loss) for the period$844,206 $(1,147,732) Basic and diluted loss per share$(0.00)$(0.00) Weighted average number of common shares outstanding 665,925,628 535,270,712 CONSOLIDATED CONDENSED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) (Expressed in Canadian dollars) For the three months ended March 31, 2025 March 31, 2024 CASH FLOWS FROM OPERATING ACTIVITIES Loss for the period$(3,043,606)$(2,561,669)Items not involving cash: Share-based compensation 162,617 123,799 Interest expense 486,337 - Foreign exchange (gain) loss (377,892) 18,900 Gain on receipt of non-refundable deposit (150,000) - Unrealized loss on marketable securities 29,020 49,237 Changes in non-cash working capital items: (Increase) decrease in receivables (91,322) 19,706 Increase in prepaid expenses (214,282) (16,527)Increase in accounts payable and accrued liabilities 1,008,512 1,217,990 Net cash used in operating activities (2,190,616) (1,148,564) CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property, plant and equipment (81,585) (2,369,406)Acquisition of exploration and evaluation assets (6,476,236) (5,525,982)Increase in deposits (45,079) - Net cash used in investing activities (6,602,900) (7,895,388) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from the Fundraise 91,566,076 - Share issue costs (4,052,721) - Increase in deferred financing fees - (85,646) Net cash provided by (used in) financing activities 87,513,355 (85,646) Change in cash during the period 78,719,839 (9,129,598)Cash, beginning of the period 9,589,029 25,791,552 Impact of foreign exchange on cash 645,273 353,795 Cash, end of the period$88,954,141 $17,015,749 Cash paid during the period for interest$- $- Cash paid during the period for income taxes$- $- CONSOLIDATED CONDENSED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY(Unaudited)(Expressed in Canadian dollars) Foreign Capital stock Share-basedcurrency Number of Capitalpaymenttranslation Shareholders’ sharesAmountcontributionreservereserveDeficit equity – total Balance at December 31, 2023535,270,712$128,394,652 $2,007,665$711,690$1,369,146$(42,391,158)$90,091,995 Foreign currency translation- - - - 1,413,937 - 1,413,937 Share-based compensation- - - 178,149 - - 178,149 Loss for the period- - - - - (2,561,669) (2,561,669)Balance at March 31, 2024535,270,712$128,394,652 $2,007,665$889,839$2,783,083$(44,952,827)$89,122,412 Balance at December 31, 2024535,270,712$128,394,652 $2,007,665$1,353,933$7,640,757$(43,457,278)$95,939,729 Share issuance pursuant toFundraise717,143,367 105,361,387 - - - - 105,361,387 Share issue costs- (4,382,774) - - - - (4,382,774)Foreign currency translation- - - - 3,887,812 - 3,887,812 Share-based compensation- - - 250,851 - - 250,851 Loss for the period- - - - - (3,043,606) (3,043,606)Balance at March 31, 20251,252,414,079$229,373,265 $2,007,665$1,604,784$11,528,569$(46,500,884)$198,013,399
AMERICAN SALARS ADDS LITHIUM BRINE EXPERT DR. MARK KING AS A TECHNCIAL ADVISOR AND QUALIFIED PERSON - ForexTV
VANCOUVER, BC, May 15, 2025 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: ASALF, FWB: Z3P, WKN: A3E2NY) announces the addition of Dr. Mark King PhD, PGeo, FGC, a world-renowned lithium brine expert, as a Technical Advisor and Qualified Person. Dr. King is a hydrogeologist with 30+ years of international experience in groundwater modeling and geochemistry. For the past 15 years, he has specialized in exploration and evaluation of lithium brine projects. His strong chemistry and numerical modeling background has proven to be an excellent foundation for brine exploration and quantitative evaluation. Consequently, his resource and reserve estimation experience on major brine projects is now arguably the most extensive of any geologist, hydrogeologist, or engineer in the world. Some notable past involvements include serving as a resource and/or reserve estimation Qualified Person for the following: Albermarle at Salar Atacama (Chile), Silver Peak (Nevada, USA) and Antofalla Salar (Argentina) Neo Lithium at the 3Q Salar, (Argentina) Lithium Americas at the Cauchari Salar, (Argentina) Vulcan Energy in the Rhine Valley, (Germany) Alpha Lithium at Tolillar & Hombre Muerto Salar, (Argentina) In addition, Dr. King and his team have conducted detailed due diligence reviews of 20+ advanced brine projects and reconnaissance reviews (and ranking) of 100+ greenfield to early-stage projects, in South America and the southern US. His technical team at GWI have advanced expertise in geological modelling, GIS, data management and 3D visualization. They will provide exploration and resource consulting services to American Salars from time to time. R. Nick Horsley, CEO & Director States, “American Salars is yet again adding depth to its technical team. We are fortunate to welcome Dr. King and his team at GWI to American Salars and look forward to working together in our search for significant lithium salar projects. Mark is a globally recognized authority whose work has taken him to lithium brine projects throughout North and South America, and beyond.” About American Salars Lithium Inc. About American Salars Lithium Inc. American Salars Lithium Inc. is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market. All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter and Instagram. On Behalf of the Board of Directors, “R. Nick Horsley” R. Nick Horsley, CEO For further information, please contact: American Salars Lithium Inc. Phone: 604.880.2189 E-Mail: info@americansalars.com Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
APMH Invest has announced the preliminary results of the all-cash recommended purchase offer for the shares in Svitzer - ForexTV
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to company announcements dated 2 April, 1 May, and 9 May 2025 concerning APMH Invest A/S' (“APMHI”), a wholly owned subsidiary of A.P. Møller Holding A/S, all-cash voluntary recommended purchase offer to acquire all of the issued shares (the “Shares”) in Svitzer Group A/S (“Svitzer”), except for Shares owned by APMHI and Shares held by Svitzer and/or its subsidiaries in treasury, if any (the “Offer”). APMHI has today announced the preliminary result of the Offer. Based on the preliminary result and summation of acceptances, APMHI has informed Svitzer that APMHI has received acceptances, which together with its current shareholding in Svitzer, represent a total of approximately 93.4% of the entire share capital and total number of voting rights in Svitzer. The announcement from APMHI is attached. The final result and completion of the Offer is expected to be announced on Friday 16 May 2025. For further information, please contact: Michael Nass Nielsen, Head of Investor Relations and FP&A T: +45 24941654 E: ir@svitzer.com About Svitzer Svitzer is a leading, global towage and marine services provider. The core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With around 450 vessels, Svitzer’s services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on www.svitzer.com. Attachment Preliminary result for the all-cash recommended purchase offer by APMH Invest for the shares in Svitzer Disclaimers This announcement does not constitute an offer or invitation to purchase any securities in Svitzer or a solicitation of an offer to buy any securities in Svitzer, pursuant to the Offer or otherwise. The Offer will be made solely by means of the offer document containing the full terms and conditions of the Offer, including details of how the Offer may be accepted. Important information The Offer will not be made, and the Svitzer shares will not be accepted for purchase from or on behalf of persons, in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities or other laws or regulations of such jurisdiction. Persons obtaining this announcement and/or into whose possession this announcement comes are required to take due note and observe all such restrictions and obtain any necessary authorisations, approvals or consents. Neither APMHI nor Svitzer or any of their respective advisors accepts any liability for any violation by any person of any such restriction. Any person (including, without limitation, custodians, nominees and trustees) who intends to forward this announcement to any jurisdiction outside Denmark should inform themselves of the laws of the relevant jurisdiction, before taking any action. The distribution of this announcement in jurisdictions other than Denmark may be restricted by law, and, therefore, persons who come into possession of this announcement should inform themselves about and observe such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws and regulations of any such jurisdiction. Important information for shareholders in the United States The Offer is being made for the securities of Svitzer, a public listed company incorporated under Danish law, and is subject to Danish disclosure and procedural requirements, which differ from those of the United States. The Offer will be made in the United States in compliance with applicable Danish securities laws and the applicable requirements of the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations adopted by the U.S. Securities and Exchange Commission thereunder, including Regulation 14E. It may be difficult for U.S. holders of shares to enforce their rights and any claim arising out of the U.S. federal securities laws, because APMHI and Svitzer are located in a country other than the United States, and all of their officers and directors are residents of a country other than the United States. U.S. holders of shares may not be able to sue a non-U.S. company or its officers or directors in a non-U.S. court for violations of the U.S. securities laws. Further, it may be difficult to compel a non-U.S. company and its affiliates to subject themselves to a U.S. court’s judgment. Neither the U.S. Securities and Exchange Commission nor any U.S. state securities commission or other regulatory authority has approved or disapproved the Offer, passed upon the fairness or merits of the Offer or provided an opinion as to the accuracy or completeness of this announcement, the offer document or any other documents regarding the Offer. Forward-looking statements This release contains forward-looking statements and statements of future expectations that reflect APMHI's current views and assumptions with respect to future events. These forward-looking statements may discuss expectations, identify strategies, contain projections or state other forward-looking information and include, but are not limited to, statements related to the expected structure and schedule for completion of the Offer and related matters described in this release, the management and prospects of Svitzer's business after the completion of the Offer, APMHI's current plans with respect to the Offer and the business, management and prospects of Svitzer. These statements do not guarantee business performance in the future; they carry known or unknown risks, uncertainties, and other factors that may differ significantly from the actual performance, development or financial position of APMHI and Svitzer in the future. These forward-looking statements can be identified by the use of forward-looking terminology, such as "aims," "believes," "expects," "estimates," "may," "anticipates," "plans," "intends," "should," "will," "seeks," "forecasts," "in the future", or the negative of these terms or similar expressions, or in particular by discussions about "strategy," "target," "plan," or "intention". There is a possibility that actual business results may greatly differ from those expressed in or implied by such forward-looking statements due to various factors. Such factors include, but are not limited to, the following: (i) uncertainties related to the structure and schedule for completion of the Offer, (ii) Svitzer's shareholders may or may not tender into the Offer, (iii) a proposal that competes with the Offer may be made, (iv) the risk that the regulatory and other conditions, which are necessary for the completion of the Offer, will not be satisfied (v) the possibility that the announcement of the Offer may cause difficulty in keeping the relations with Svitzer's management, employees, customers, suppliers and other trading partners, (vi) the risk that a shareholder related lawsuit on the Offer will be filed and the defence thereof may cost significant expenses or lead to large payments, (vii) the impact of changes in the legislative system, accounting standards and other management environments related to the relevant parties, (viii) issues in implementing business strategies, (ix) the impact of financial uncertainties and changes in other general economic and industrial conditions, (x) Offer costs, (xi) fixed or contingent liabilities that may materialize, and (xii) other risks set forth in the offer document publicly disclosed by APMHI or Svitzer. Neither APMHI nor Svitzer has a duty of updating the forward-looking statements as a result of the emergence of new information, future circumstances or other circumstances, unless the updating is explicitly required by applicable law. Attachments APMH Invest announces preliminary results APMH Invest announcement of preliminary results