BusinessNews.ph

Category: Business

  • Lancaster Resources Announces Resignation of Penny White and the Addition of Rob Heaslop to the Board of Directors

    Lancaster Resources Announces Resignation of Penny White and the Addition of Rob Heaslop to the Board of Directors

    Lancaster Resources Inc. (CSE: LCR) (OTC Pink: LANRF) (FSE: 6UF0) (“Lancaster” or the “Company“) announces the director resignation of Penny White, effective March 3, 2026. The Board thanks Penny White for her valuable contributions during her tenure and wishes her continued success in her future endeavors.

    The Company is also pleased to announce the appointment of Mr. Rob Heaslop, as a director to the company’s Board of Directors, effective immediately.

    Mr. Heaslop is a geologist with 20 years’ of exploration and resource development experience in Africa, Australia, and the Pacific with specific expertise in project generation and early stage targeting for precious and base metal deposits. Mr. Heaslop holds a Bachelor of Science (Hons) from The University of Queensland majoring in earth science and geology, and during his career has worked for major, junior, and private exploration and mining companies. In 2016, Mr. Heaslop founded his privately owned project generation company, MRG Resources Pty Ltd, that has created significant value identifying exploration opportunities in Australia, including deals with major and mid-tier mining houses and private exploration companies. Mr. Heaslop is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM), Australian Institute of Geoscientists (MAIG), and the Society of Economic Geologists (SEG).

    “We are thrilled to welcome Mr. Heaslop to the Board,” said Andrew Watson, President & CEO of Lancaster Resources. “His technical expertise will be invaluable as Lancaster continues to develop our Lake Cargelligo gold project, Lac Iris polymetallic asset, and our other critical and precious mineral assets.”

    Rob Heaslop commented, “I am focused on the opportunities ahead and committed to help navigate a successful exploration program for our projects and shareholders. I am truly excited to continue working with the team here.”

    The new board appointment reflects Lancaster Resources’ transition to a new corporate direction and commitment to strengthening its leadership and strategic capabilities to enhance shareholder value and propel the company’s growth in the mining industry.

    Andrew Watson, P.Eng., President & CEO and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is a Director and the President and CEO of Lancaster and is not independent of the Company.

    About Lancaster Resources Inc.

    Lancaster Resources Inc. is a Canadian exploration company advancing a diversified portfolio of gold and silver exploration projects in established mining jurisdictions. The Company holds a 100% interest in the Lake Cargelligo Gold Project in New South Wales, Australia, which is prospective for both gold and silver mineralization, covering approximately 62,300 hectares with a history of drilling and exploration and multiple high-priority targets. In Canada, Lancaster’s assets include the Lac Iris Polymetallic Project in Quebec’s James Bay region and the Piney Lake Gold Project in Saskatchewan. Lancaster’s portfolio provides exposure to gold, silver, and polymetallic exploration opportunities across tier-one jurisdictions.

    Andrew Watson, President & Chief Executive Officer,
    Lancaster Resources Inc.
    Andrew@Lancaster-Resources.com
    Tel: (604) 923-6100
    www.lancaster-resources.com

    The Canadian Securities Exchange has not reviewed, approved nor disapproved the contents of this news release.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements contained in this press release constitute forward-looking information. These statements relate to future events, or Lancaster’s future performance. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286260

  • Formerra Appoints Tom Kelly as Chief Executive Officer

    Formerra, LLC (Formerra), a leading distributor of engineered thermoplastic resins, additives, elastomers, and other specialty materials, today announced the appointment of Tom Kelly as Chief Executive Officer (CEO). A seasoned executive with over 30 years of specialty and engineered materials experience, Tom is known for leading teams to drive differentiated growth and building high-performing organizations set up for long-term success. The former CEO, Cathy Dodd, will stay on as Special Advisor to the Board and will remain an investor in the Company.

    Tom brings extensive commercial, supply chain, and distribution experience with a strong background in scaling global enterprises in the engineered materials sector. After previous roles at Cabot Microelectronics and Chemtura, Tom’s most recent role was Senior Vice President of Engineered Materials at Celanese, where he led key commercial and operational initiatives across engineered polymers and specialty segments. He brings a strong blend of leadership, industry insight, and supply-chain expertise to his new role as CEO of Formerra.

    “Formerra has built a tremendous reputation as a technical selling organization and for putting customers first, supported by exceptional people and supplier partners in the engineered materials ecosystem,” said Tom Kelly. “I’m excited about the opportunity to build on its strengths and accelerate capabilities in new geographies and adjacent materials. We will continue investing in our people, distribution network, and in our product line card to strengthen Formerra’s competitive position globally.”

    About Formerra
    Formerra, headquartered in Cleveland, Ohio, is a leading distributor of engineered thermoplastic resins, additives, elastomers, and other specialty materials. Formerra supports leading blue-chip customers and suppliers with its extensive specialty materials portfolio and value-added combination of commercial and technical expertise, global market knowledge, and industry-leading logistics and service capabilities. Formerra offers highly specialized technical, processing, design and regulatory support for critical end market applications in the healthcare, consumer, industrial and mobility markets. Formerra operates an asset-light network of 37 warehouses and 21 bulk transfer stations located in North America, Central America, Europe, and Asia.

    Media Contact
    Jackie Morris
    Marketing Communications Manager, Formerra
    jackie.morris@formerra.com
    +1 630-972-3144

    SOURCE: Formerra

  • Thailand RISE Fund Positions Thai Research for Global Innovation Impact

    Thailand RISE Fund Positions Thai Research for Global Innovation Impact

    Thailand has launched a new phase in its national research and innovation strategy with the introduction of the Thailand RISE Fund, a rebranded national research funding initiative aimed at accelerating the transition from academic research to real-world economic and social impact.

    The initiative was highlighted at the Thailand RISE Fund Forum: RISE UP THAILAND, hosted in collaboration with Chulalongkorn University. The national forum brought together policymakers, researchers, industry leaders, and innovation stakeholders to explore how Thailand can strengthen its position in the global innovation economy.

    From Research Output to Real-World Impact

    Thailand’s research performance has expanded significantly over the past decade, but national leaders say the country’s next challenge is ensuring that research delivers tangible benefits.

    Professor Dr. Wilert Puriwat, President of Chulalongkorn University, emphasized the importance of translating knowledge into national progress. “A country advances not simply because it produces knowledge, but because it can transform knowledge into a coordinated system that connects policy, research, innovation, and industry,” he said.

    He added that universities must play a strategic role in national development. “Our goal is to move research beyond the laboratory and into real-world applications that deliver measurable economic and social benefits while strengthening Thailand’s long-term competitiveness.”

    Building a National Innovation System

    National research leaders stressed that Thailand’s science and innovation system must operate with clearer direction and stronger coordination.

    Professor Dr. Sompong Klaynongsruang, President of Thailand Science Research and Innovation (TSRI), said collaboration across sectors is essential. “The development of Thailand’s science, research and innovation system must be driven systematically—from strategic policy and targeted funding to the practical use of research outcomes in the economy and society.”

    She noted that cooperation among universities, government agencies, and the private sector will be key to achieving long-term impact. “When all sectors move forward together, research will not only generate knowledge but also create meaningful national transformation.”

    More Than a Rebranding

    The transition to the Thailand RISE Fund represents a strategic shift in how Thailand supports research and innovation.

    Asst. Professor Dr. Ake Pattaratanakun, Chairman of Thailand RISE Fund Strategic Communications Subcommittee, said the initiative reflects a new national priority. “Thailand has significantly increased its research output over the past decade, but the key challenge today is not quantity. It is how research creates economic and social value.”

    He explained that the Thailand RISE Fund is designed to bridge the gap between research and industry. “Thailand RISE Fund is intended to serve as a systemic intermediary, linking research to real economic needs and focusing on proof of impact rather than publication numbers.”

    Four Pillars of the RISE Framework

    The Thailand RISE Fund operates under a strategic framework built on four pillars:

    • Research
    • Innovation
    • Science Excellence
    • Ecosystem

    The ecosystem pillar emphasizes partnerships among universities, businesses, government agencies, and communities to support a comprehensive innovation economy.

    Expanding Opportunities Nationwide

    The Thailand RISE Fund is also expanding engagement across Thailand to ensure broader participation in the innovation system. Regional forums and outreach activities are designed to help researchers and entrepreneurs develop collaborative projects aligned with local economic strengths. This approach reflects a shift from centralized funding toward a more inclusive and distributed innovation ecosystem.

    Research for National Development

    The Thailand RISE Fund aims to transform the role of research in Thailand’s development strategy. “Our vision is to move Thai research from ‘research for journals’ to ‘research for the nation,’” Dr. Ake said.

    By focusing on measurable impact and long-term value creation, the initiative seeks to strengthen Thailand’s competitiveness while supporting sustainable economic and social development.

    For more information, please contact pr@tsri.or.th

    #ThailandRiseFund

  • OMP Unveils Decision-Centric Planning to Accelerate Supply Chain Decision Velocity

    New approach shifts planning from reactive processes to AI-driven decision intelligence

    OMP, a leading provider of AI-powered supply chain planning solutions, launches Unison Decision-Centric Planning, a new approach that helps organizations move from reactive, process-driven planning to proactive, event-driven decision-making.

    Built on OMP’s flagship Unison Planning™ platform, Unison Decision-Centric Planning combines advanced AI, autonomous agents, real-time scenario modeling, and human validation to accelerate decision velocity. The approach enables organizations to anticipate disruption, evaluate trade-offs, and act with confidence in increasingly volatile supply chain environments.

    From reactive to proactive supply chain planning
    Traditional planning cycles are often too slow to keep pace with today’s volatility. Unison Decision-Centric Planning replaces static, process-driven planning with a dynamic, decision-first approach that continuously senses change, identifies relevant scenarios, and quantifies business impact. By aligning AI-driven intelligence with human judgment, organizations move from reactive firefighting to proactive value optimization.

    “With Unison Decision-Centric Planning, we help customers move beyond reactive firefighting,” said Tom Wouters, Chief Product Officer at OMP.

    “By combining human expertise with advanced AI and scenario modeling, we enable confident, proactive decisions that drive agility, resilience, and measurable business impact.”

    Human-AI synergy for smarter, faster decisions
    Unison Decision-Centric Planning leverages UnisonIQ to orchestrate AI agents, generative AI assistants, and advanced optimization engines. Routine manual tasks are automated, freeing planners to focus on cross-functional collaboration and decision-making. Explainable AI ensures transparency and trust, while autonomous agents continuously monitor supply chain signals and act in real time.

    Proven impact at Evonik Oxeno
    Evonik Oxeno, a leading producer of C4 chemicals, partnered with OMP to transition from reactive planning to always-on, scenario-based decision-making. By leveraging real-time insights and simulations through Unison Planning, planners can anticipate disruptions and respond faster, improving agility and overall business performance.

    “Unison Decision-Centric Planning has reinforced trust in the system among planners and executives. Scenario-based decision-making enables us to respond faster and improve company performance,” said David Kochanek, Supply Chain Solution Manager at Evonik Oxeno.

    “Scenario-based decision-making enables us to respond faster and improve company performance.”

    Always-on decision intelligence at scale
    Unison Decision-Centric Planning introduces event-driven agents that continuously assess opportunities or risks, aligning decisions with strategic and financial objectives. By running hundreds of scenarios, organizations can anticipate disruption, optimize outcomes, and achieve measurable gains in service levels, cost efficiency, sustainability, and decision velocity.

    “Organizations can run hundreds of scenarios to prepare for disruptions and optimize outcomes.”

    Learn more about decision-centric planning
    Discover how decision-centric planning can transform your supply chain. Explore OMP’s resources, including the always-on e-book and the full Evonik Oxeno success story. Learn more.

    About OMP
    OMP helps companies facing complex planning challenges to excel, grow, and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries – spanning consumer goods, life sciences, chemicals, metals, paper, packaging, plastics – benefit from using OMP’s unique Unison Planning™.

    Solution and product inquiries
    Contact OMP

    Media inquiries
    Kira Perdue (Carabiner)

    SOURCE: OMP

  • Affiliate of Pacific Avenue Capital Partners to Acquire Care.com from IAC

    Pacific Avenue Capital Partners (Pacific Avenue), a Los Angeles-headquartered private equity firm focused on corporate carve-outs and other complex transactions in the middle market, today announced that an affiliate of Pacific Avenue has entered into an agreement to acquire Care.com from IAC Inc. (NASDAQ:IAC).

    Care.com is a leading platform and brand in the growing $400 billion market for family care, anchored by the largest online network of background-checked child and senior caregivers in the U.S.

    Care.com operates both a scaled consumer marketplace and an enterprise benefits platform. Since 2007, more than 45 million people have turned to Care.com to find child care, senior care, pet care and housekeeping support. Care.com also partners with more than 700 employers, including many of the Fortune 100, to deliver care-related benefits that combine access to the Care.com platform and comprehensive backup care solutions provided in-home, in-center and through camps and activities, along with a broader suite of care support solutions.

    As a standalone company, Care.com will accelerate its enterprise expansion while continuing to strengthen its consumer marketplace. With Pacific Avenue’s investment and support, the Company will move faster on product innovation, scale its employer partnerships, and enhance the platform experience for the millions of families and caregivers who rely on it.

    “We are thrilled to announce the Care.com transaction, the first investment in Pacific Avenue Fund II. The transaction aligns perfectly with Pacific Avenue’s track record of executing corporate carve-outs to acquire market-leading businesses. Care.com is an industry leader with a brand built on trust, a strong reputation, and a proven leadership team. Care.com has a clear path for growth as an independent, standalone company. We’re excited to work with Brad, Michelle, and the Care.com team to unlock the company’s full potential in serving families, caregivers, and its enterprise partners.”- Chris Sznewajs, Founder and Managing Partner of Pacific Avenue

    “Caregiving is foundational to how families live and how businesses operate,” said Brad Wilson, CEO of Care.com. “This partnership allows us to deepen our support for families and caregivers while expanding the ways we serve employers who recognize that caregiving is a workforce issue. We’re entering this next chapter with strength, clarity, and a renewed commitment to building the most beloved platform for care.”

    “Care.com enters this next chapter with a profitable foundation. This transaction positions us to further invest in our platform, expand our employer partnerships, and scale efficiently while maintaining the financial discipline that has strengthened our performance,” said Michelle Arbov, Chief Financial Officer of Care.com.

    The transaction is subject to customary closing conditions and is expected to be completed in the first half of 2026.

    Moelis & Company LLC served as exclusive financial advisor to Pacific Avenue. Weil, Gotshal & Manges LLP served as legal advisor to Pacific Avenue.

    KPMG LLP provided accounting and tax advisory services. J.P. Morgan Securities LLC acted as exclusive financial advisor to IAC and Latham and Watkins LLP served as legal counsel to IAC.

    About Pacific Avenue Capital Partners
    Pacific Avenue Capital Partners is a global private equity firm headquartered in Los Angeles with an office in Paris. The firm is focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has approximately $3.8 billion of Assets Under Management (AUM) as of September 30, 2025. For more information, please visit www.pacificavenuecapital.com.

    Contact Information
    Chris Baddon
    Managing Director
    cbaddon@pacificavenuecapital.com

    SOURCE: Pacific Avenue Capital Partners

  • Lessn exceeds $100 million turnover on its payments orchestration platform

    image

    Accounts payable automation company Lessn today announced that it exceeded $100 million being transacted on its platform in February 2026 within its first year of operations, as the company considers a new investment round.

    The platform’s accounts payable technology links to medium to large owner-operators businesses’ accounting systems, typically Xero or MYOB, with funding sources such as rewards cards and bank-to-bank. Its system allows companies to improve cash flow, earn rewards and take advantage of pay-early discounts whilst maximising accuracy, automation and security for accounts teams.

    Clients include medical centres, real estate and construction businesses along with high net worth family offices.

    Lessn founder David Grossman is optimistic about the company’s continued fast growth trajectory.

    “Lessn surged through its $2 million revenue milestone in February 2026 and grew fivefold in recent months. We have found a sweet spot at the higher end of the medium to large-sized business market serving businesses that make payments of more than $100,000 per month, some into the millions.”

    “Lessn’s payments orchestration platform goes beyond card payments. It wraps around accounting, banking, and card portals, opening a wide range of payment features surrounding accounts payable. This suits businesses that want to maximise rewards points and reduce trade finance costs whilst ensuring audit trails across their AP,” he said.

    During recent months, the company has attracted growing interest from both existing and new investors reflecting its strong growth profile,  with billionaire property developer Theo Onisforou among investors “very seriously considering investing in the next investment round.”

    Investors in Lessn include Brendan Cook, founder of oOh!media, Dean Swan of monday.com and Michael Masterman, co-founder of Element Zero and Po Valley Energy, with $3 million already been invested in the company and its unique technology.

    As the company has grown its valuation has increased significantly, with a small investment round having raised $300,000 at a valuation of $30 million in November 2025.

    The business claims a serviceable addressable market of more than 1 million small to medium business in Australia, valued at more than $36 billion[1]. The company also has opportunities for international growth where countries have similar payments environments including Asia, New Zealand and the UK.

    [1] Australian Small Business and Family Enterprise Ombudsman, 2025

  • Graphene Manufacturing Group Ltd. Approves AU$1.4 Million Deployment: The Remaining Capital Needed for a Second Generation

    Graphene Manufacturing Group Ltd. Approves AU$1.4 Million Deployment: The Remaining Capital Needed for a Second Generation

    Technology Graphene Production Plant with Capacity of 10 Tons Per Annum

    Graphene Manufacturing Group Limited (TSXV: GMG) (OTCQX: GMGMF) (“GMG” or the “Company”) is pleased to announce that the Board of Directors of GMG has approved the investment of an additional AU$1.4 million, which is expected to complete the construction of the Company’s Gen 2.0 Graphene Manufacturing Technology plant (the “Gen 2.0 Plant”) capable of producing 10 tons of graphene per annum. The total capital cost for the Gen 2.0 Plant is an estimated AU$2.3 million, an expenditure that was largely included in the proposed use of proceeds for the March 2025 Bought Deal Financing of C$5,796,000.

    The Company’s Board is happy with progress to date and is confident that the Gen 2.0 Plant project is on track to meet its original budget and expectation to be online by the middle of 2026. The early work and procurement of the long lead items is substantially complete, and engineering and design has commenced.

    The Gen 2.0 Plant is expected to be largely self-powered from standalone energy generation that utilizes renewable sources, an energy storage system and hydrogen enriched natural gas provided by tail gas power generation.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/285998_graphene1_550.jpg

    Figure 1: GMG Headquarters Layout

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/8082/285998_graphene1.jpg

    GMG’s Managing Director and CEO, Craig Nicol, commented: “We are very excited with the progress to date of the Gen 2.0 project and are looking forward to bringing the plant online – on time and on budget.”

    GMG’s Chairman and Director, Jack Perkowski, commented: “A successful Gen 2.0 project will form the basis for the Company’s future expansion plans.”

    Quarterly Financial Results Update

    The Company is pleased to provide a further update to its most recent Quarterly Financial Results as published and filed on March 2, 2026. The Company’s results are reported under International Financial Reporting Standards (IFRS). This news release may include certain Non-IFRS measures as reported in the Company’s Quarterly Management Discussion and Analysis (“MD&A”) that are used internally by management to assess the underlying operational performance of our business.

    Understanding the Non-Cash Warrant Liability

    As at December 31, 2025, the Company had 18.6 million outstanding share purchase warrants with exercise prices denominated in Canadian dollars. Because GMG’s functional currency is the Australian dollar, IFRS accounting standards require these warrants to be treated as a derivative financial liability and revalued at fair value each reporting period.

    During Q2 FY2026, GMG’s share price increased 178%, a strong performance that reflects growing market confidence. However, under IFRS, this share price increase results in a higher calculated fair value for the warrant liability, which in turn generates a non-cash loss in the Company’s statement of profit or loss and a corresponding increase in total liabilities on the balance sheet.

    Key Points for Shareholders:

    • This accounting adjustment is entirely non-cash and does not affect GMG’s cash position, operations, or business fundamentals.
    • The Company’s cash balance at December 31, 2025 was A$13.9 million, up from A$7.7 million at June 30, 2025.
    • Excluding the warrant liability, the Company’s underlying net assets position at December 31, 2025 was positive A$21.5 million.
    • The warrant liability decreases when warrants are exercised (converting the liability to equity and adding cash), or when the warrants expire or when the share price declines. Subsequent to December 31, 2025, approximately 2.9 million warrants were exercised for gross proceeds of A$3.6 million, further strengthening the Company’s cash position and reducing the warrant liability by a corresponding amount.

    Management views the warrant liability as a technical accounting matter that does not reflect the Company’s operational performance or strategic progress. The Company’s market capitalization at December 31, 2025 was approximately USD$200 million.

    Non-IFRS Measures

    A Non-IFRS measure that the Company refers to in its MD&A is EBITDA, which is revenue before finance costs, tax, depreciation and amortization, and after adjusting for certain non-cash items and other earnings adjustment items. The Company believes that EBITDA provides useful information to assess the operational performance of the business, however, Non-IFRS measures do not have a standardized meaning under IFRS, have not been subject to audit, and should not be considered as an indication of or alternative to an IFRS measure of financial performance.

    Table 1: Calculation of EBITDA

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_017.jpg

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_017full.jpg

    The following table provides the reconciliation of the underlying loss for the period and adjusted basic diluted loss per share, as adjusted and calculated by the Company. This reconciliation adjusts for the non-cash change in fair value of warrants which is included in the Company’s Unaudited Condensed Consolidated Interim Statement of Profit or Loss and Other Comprehensive Income.

    Table 2: Calculation of the unaudited adjusted loss for the period and adjusted basic and diluted loss per share, as adjusted and calculated by the Company.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_018.jpg

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/8082/285998_66807f3f541149e1_018full.jpg

    (1) Due to the loss recognized for the years, all outstanding stock options, warrants, broker warrants, restricted share units and performance share units were excluded from the calculation of diluted loss per share due to their anti-dilutive effect.
    (2) Calculated using loss for the period over the weighted average number of ordinary shares as per IFRS.
    (3) Calculated using adjusted loss for the period over the weighted average number of ordinary shares (non-IFRS measure).

    About GMG:

    GMG is an Australian based clean-technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications.

    The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning (“HVAC-R”) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

    In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”). GMG has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

    GMG’s 4 critical business objectives are:

    1. Produce Graphene and improve/scale cell production processes
    2. Build Revenue from Energy Savings Products
    3. Develop Next-Generation Battery
    4. Develop Supply Chain, Partners & Project Execution Capability

    For further information, please contact:

    • Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
    • Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

    Cautionary Note Regarding Forward-Looking Statements

    This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. These statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include, without limitation, statements regarding, expected capital requirements to complete the Gen 2.0 Plant, expected graphene production capacity of the Gen 2.0 Plant and the timing of its construction and commissioning, the extent to which the plant will be largely self-powered from standalone energy generation, the implications of the Gen 2.0 Plant on future expansion plans, the Company’s assessment of the warrant liability as a technical accounting matter and management’s view that this liability does not reflect operational performance, expectations regarding future warrant exercises, management’s belief that EBITDA is a useful measure of operational performance, the Company’s four critical business objectives.

    Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions that the Company’s operational and strategic progress will continue, that the Gen 2.0 Plant will be constructed, commissioned and ramped up broadly on time and on budget, that the technology deployed at the Gen 2.0 Plant will perform as expected, that sufficient customer demand will develop for products produced at the Gen 2.0 Plant, that the warrant liability will decrease as warrants are exercised or expire, that the Company’s cash position and business fundamentals remain strong, that future financial performance will improve, and that the accounting treatment of warrants under IFRS will remain unchanged.

    Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation, fluctuations in the Company’s share price that may increase the warrant liability, failure to complete or commission the Gen 2.0 Plant as currently planned, construction, cost-overrun, technology and ramp-up risks associated with the Gen 2.0 Plant, failure to achieve operational milestones, inability to commercialize products, changes in accounting standards, adverse market conditions, foreign exchange volatility, and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated November 4, 2025 available for review on the Company’s profile at www.sedarplus.ca.

    Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285998

  • Doubleview Gold Corp. Announces Positive Preliminary Economic Assessment for the Hat Project; Robust Base-Case Economics with Strategic Scandium Upside

    Doubleview Gold Corp. Announces Positive Preliminary Economic Assessment for the Hat Project; Robust Base-Case Economics with Strategic Scandium Upside

    NPV:

    • After-tax NPV(5%) of C$6.73 billion and IRR of 23% at Consensus Metal Prices
    • After-tax NPV(5%) of C$13.53 billion and IRR of 39% at Spot Metal Prices.

    NPV Including scandium and the associated processing circuit:

    • After-tax NPV(5%) of C$6.94 billion an IRR of 19% at Consensus Metal Prices
    • After-tax NPV(5%) of C$14.52 billion and IRR of 32% at Spot Metal Prices.

    Doubleview Gold Corp (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (“Doubleview” or the “Company”) is pleased to announce the results of its Preliminary Economic Assessment (PEA) of its 100%-owned polymetallic Hat porphyry project (“Hat” or “the Project”), in northwestern British Columbia. With major content of copper, gold, cobalt, silver, and scandium, Hat becomes an important source of critical minerals.

    Three processing scenarios were evaluated-Scenario A1 (A1) a Cu-Au-Ag-Co flotation base case using current testwork recoveries[1], Scenario A2 (A2), the same base case using expected recoveries1, and Scenario B (B), a Cu-Au-Ag-Co flowsheet with an added hydrometallurgical circuit and scandium recovery circuit-with results indicating the Project is financially attractive even without the scandium component.

    Highlights:

    Robust Project Economics: The PEA demonstrates a high-margin operation with an After-Tax NPV(5%) of C$4.96 billion (A1), C$6.73 billion (A2), or C$6.94 billion (B), and an IRR of 19% (A1), 23% (A2), or 19% (B) at analyst consensus metal prices[2]. Using a spot-price scenario[3], the Project delivers a compelling after-tax NPV(5%) of C$11.05 billion (A1), 13.53 billion (A2), or C$14.52 billion (B) and an IRR of 34% (A1), 39% (A2), or 32% (B).

    Sensitivity Highlight: Project economics show the greatest leverage to overall metal prices, with NPV (5%) ranging from C$3.2 billion to C$10.2 billion (IRR: 14%-32%) at ±20% on all metals; even under additional +20% CAPEX and +20% OPEX sensitivities, applied on top of a 25% contingency already embedded in the base case, all scenarios deliver IRRs of 16% or better, and Scenario B provides additional scandium oxide upside with NPV(5%) of C$6.2 billion-C$7.7 billion (IRR: 18%-20%) at ±40% metal price.

    Tier 1 Scale and Longevity: The mine plan supports a multi-decade life of 25 years at a 120,000 tonnes-per-day processing rate, underpinned by a resource base of 609 Mt at 0.43% CuEq[4] in the Measured and Indicated categories and 503 Mt at 0.41% CuEq4 in the Inferred category.

    High-Output Production Profile B: Envisioned as a conventional large-scale open-pit operation, the Project is expected to produce an average of over 74 kt of copper, 254 koz of gold, 376 koz of silver and 2.7 kt of cobalt annually during the first 10 years, with life-of-mine (LOM) average production of 67.6 kt Cu, 217 koz Au, 348 koz Ag, 2.5 kt Co, and 128 tonnes of scandium oxide per year. (NOTE: projected cobalt to be about 68% of North America’s cobalt production based on 2024 production)

    Strategic Importance for Critical Minerals: The Project is positioned as a primary North American source of copper, scandium, and cobalt. With approximately 2.42 billion pounds of copper, 80 million pounds of cobalt and 2,415 tonnes of scandium oxide contained[5] in the Measured and Indicated categories, the Project represents an important discovery of critical minerals.

    Stable, Supportive Jurisdiction: Located in a premier mining district in British Columbia, the Project benefits from a stable regulatory environment. The Company is committed to engaging with local First Nations in a respectful manner and to working toward positive and constructive relationships as the Project advances.

    Catalyst for Development: The PEA serves as the technical foundation for an immediate transition into a Pre-Feasibility Study (PFS), providing a clear roadmap for early works and permitting activities in 2026 and 2027.

    Farshad Shirvani, President and CEO of Doubleview Gold Corp., commented, “The results of this PEA confirm the scale, strength and long-term potential of the Hat Project. Delivering a post-tax NPV(5%) of up to C$6.94 billion and IRR of up to 23% at consensus prices, and even stronger metrics at spot prices, validates years of disciplined exploration and technical work by our team. Hat is demonstrating Tier 1 characteristics with a 25-year mine life, strong annual production profile and meaningful free cash flow generation. Importantly, the Project stands on its own without reliance on scandium, while still preserving significant upside from critical minerals as markets mature. We are excited to advance Hat to Pre-Feasibility and continue building a major Canadian critical metals project.”

    Doubleview acknowledges that the Project is located on the traditional territories of the Tahltan Nation and the Taku River Tlingit First Nation, and recognizes their enduring relationship to and stewardship of the land and waters. Doubleview is committed to respectful, transparent, and ongoing engagement with First Nations and local communities whose territories overlap the Project area and access routes, with a focus on protecting water and the environment and advancing responsible development.

    PEA OVERVIEW

    The PEA contemplates a conventional open-pit mine and processing operation with a 25-year mine life at a 120,000 t/d (42 Mt/a) plant throughput. Two processing pathways were evaluated, A1 and its alternative, A2, and B: the first alternative, A, is a Cu-Au-Ag-Co flotation concentrator with two recovery cases based on current metallurgical testwork, and A2, reflecting expected performance (Figure 1); and B, a full circuit that retains the base flowsheet and adds a downstream hydrometallurgical scandium recovery circuit (Figure 2).

    The tailings storage facility is a centreline-raised facility built with compacted cycloned sand from tailings underflow, and engineered drainage for stability, with site-contact waters (including seepage and pit dewatering) recycled to the process plant and final closure involving pond drainage and reclamation. The Project is expected to rely on grid power via an extended transmission line.

    Tables 1 to 3 summarize the key results of the PEA, including production, operating costs, capital expenditures, and the principal financial metrics; the sections that follow provide additional detail on the underlying assumptions, project design, and study outcomes.

    MINERAL RESOURCE ESTIMATE

    Doubleview Gold Corp announced an update of the Mineral Resource estimate (MRE). This estimate followed the Micon International Ltd. (Micon) Mineral Resource estimate with an effective date of July 17, 2024. This MRE incorporates significant new data from the 2024 and 2025 exploration campaigns, with an effective date of February 4, 2026, and superseded the 2024 Micon estimate.

    Notes:

    1 Scandium tonnages represent 12.5% of the mineralized material by category, reflecting the proportion of tailings expected to be processed through a dedicated scandium leach circuit under current metallurgical design constraints.
    2 Scandium oxide metal content have been calculated using the metallurgical recovery of 72% and conversion factor from Sc to Sc2O3 of 1.534.

    Read more: https://www.acnnewswire.com/press-release/english/105402/

  • With Step-Out Drilling Continuing, Radisson Demonstrates Meaningful Resource Growth at O’Brien with an Updated Mineral Resource Estimate

    With Step-Out Drilling Continuing, Radisson Demonstrates Meaningful Resource Growth at O’Brien with an Updated Mineral Resource Estimate

    Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (“Radisson” or the “Company”) is pleased to report an updated Mineral Resource Estimate (“MRE”) at its 100%-owned O’Brien Gold Project (“O’Brien” or the “Project”) located in the Abitibi region of Quebec. The Company is currently undertaking a fully-funded 140,000-metre step-out drill program at the Project with the objective of determining the scope of mineralization to a depth of 2 kilometres. This program commenced in 2025 and is expected to continue through the first half of 2027. Today’s updated MRE is an interim report that demonstrates the impact of recent drilling successes completed as of December 31, 2025. Highlights include:

    – 82% increase in Inferred Mineral Resources from step-out drilling intersecting new mineralization, with 1.69 million ounces (“Moz”) in 10.37 million tonnes (“Mt”) at 5.08 grams per tonne (“g/t”) gold (“Au”);

    – 8% increase in Indicated Mineral Resources with 0.63 Moz in 3.49 Mt at 5.59 g/t Au;

    – Estimated using US$2,500/oz Au and 2.2 g/t Au cut-off, with a refined geological model and capping strategy, establishing the go-forward basis for future, modern mine development.

    Matt Manson, President and CEO: “Today we report the first of several planned, step-by-step updates to the MRE at the O’Brien Gold Project, quantifying the impact of our recent drilling success and establishing a clear foundation for future, modern mine development. With just 25% of our 140,000 metre step-out drill program completed, the new vein mineralization delineated beneath the historic mine workings and the previous mineral resource volume (Radisson news release dated February 12, 2026) has resulted in an 82% increase in the quantity of Inferred Mineral Resources, now 1.69 Moz (10.37 Mt at 5.08 g/t Au). At the same time, we have refined the estimate of Indicated Mineral Resources, incorporating more tonnes at a lower average grade for an 8% increase in contained ounces, now 0.63 Moz (3.49 Mt at 5.59 g/t Au). Our estimates utilize a 2.2 g/t Au cut-off at a reasonable gold price assumption of US$2,500/oz.”

    “The former O’Brien Mine was known for high-grade ore-shoots mined in small volumes. Mining ended in 1957 with the gold price at US$35/oz. Significant volumes of mineralized vein material, below what we believe to have been a 7 g/t to 8 g/t Au cut-off, were left untouched. Now, we are presenting the Project as it should be viewed for future development: not as a bespoke deposit of extreme grade and limited scale, but as an extensive Abitibi vein deposit with a substantial inventory of mineralized material amenable to modern mechanized mining at higher throughput.”

    “Our step-out drill campaign at O’Brien is ongoing with up to eight rigs. We expect to complete 72,500 metres in 2026 and 32,500 metres in the first half of 2027. This is in addition to the meterage supporting today’s updated MRE. The vein mineralization system we have been intersecting is open at depth. In fact, since our step-out drilling began in the fall of 2024, we have been seeing an impressive 84% success rate in intercepting classic O’Brien quartz-sulphide-gold veins with grades and thicknesses consistent with today’s updated MRE. Looking to a 2-kilometre exploration floor, we believe an appropriate Exploration Target at O’Brien is another 5 Mt to 10 Mt at grades of between 4.0 g/t and 6.0 g/t Au containing 0.6 Moz to 2.0 Moz. We expect to complete further step-by-step updates to the MRE as our drilling progresses.”

    Cautionary statement: Readers are cautioned Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant issues including risks set forth in Radisson’s filings made with Canadian securities regulatory authorities. The potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

    A video presentation of today’s news by Matt Manson can be found at https://www.youtube.com/watch?v=5IZwSSYbO70.

    Mineral Resource Estimate (effective January 31, 2026)

    The MRE is based on 428,440 metres of drilling completed to the end of December 31, 2025, and has been authored by SLR Consulting (Canada) Ltd. (“SLR”). The estimate utilizes a 2.2 g/t Au cut-off at US$2,500/oz and makes certain assumptions on mining and processing costs, currency exchange rate, and metallurgical recovery (Table 1 and Figure 1). A wireframe vein model prepared by Radisson and reviewed by SLR constrains the estimate and applies a minimum width of 1.2 metres. Individual assays are capped at 60 g/t Au prior to compositing to full width of the veins, and the block model utilizes 5 by 2 by 5 metre blocks consistent with recent mine design studies.

    An MRE for the Project was previously published in March 2023 (Radisson news release dated March 2, 2023) based on 325,509 metres of drilling completed to the end of 2022. Indicated Mineral Resources (effective March 2, 2023) were estimated at 0.50 Moz (1.52 Mt at 10.26 g/t Au) with additional Inferred Mineral Resources of 0.45 Moz (1.60 Mt at 8.66 g/t Au). The 2023 study applied a 4.5 g/t Au cut-off at US$1,600/oz Au.

    In July 2025, Radisson published a Preliminary Economic Assessment (“PEA”) for the Project that utilized the 2023 estimate re-blocked by SLR in the Z-direction from 10 metres to 5 metres to allow for more flexible underground mine design. A cut-off of 2.2 g/t Au at US$2,000/oz Au and an updated set of economic criteria were applied in the re-blocking exercise consistent with the parameters used for the optimization of the PEA’s underground mine schedule. No other changes were made. Indicated Mineral Resources (effective May 6, 2025) were estimated at 0.58 Moz (2.20 Mt at 8.22 g/t Au) with additional Inferred Mineral Resources of 0.93 Moz (6.67 Mt at 4.35 g/t Au).

    The updated MRE released today benefits from 66,387 metres of additional drilling in 122 drill holes conducted between 2023 and 2025, which is the most significant factor in the increase of Inferred Mineral Resources (Figure 2). Radisson has also validated an additional 36,544 meters of historic drilling. The updated MRE utilizes similar estimation parameters to previously, but a more restrictive approach to capping. In the March 2023 estimate, and as incorporated in the re-blocked May 2025

    Figure 1: Block Models for the Mineral Resource Estimates Effective May 6, 2025 (Top) with Recently Published Drill Results and the Updated MRE Effective January 31, 2026 (Bottom)
    To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_001full.jpg

    estimate, capping at 40 g/t Au was applied to the full-length composites. In the updated MRE, capping has been applied at 60 g/t Au to the underlying assays prior to compositing. This has the effect of reducing the average grade by approximately 12%, and in the opinion of Radisson and SLR is an appropriate approach to a narrow high-grade vein deposit such as O’Brien.

    Figure 2: 3D View of Block Model by Resource Classification (Left) and Gold Grade (Right) Illustrating Volume Utilized in the Previous May 2025 MRE
    To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10977/285831_ef6502aeb443086a_002full.jpg

    Compared to previous estimates, the aggregate impact on the Indicated Mineral Resources of the new drilling, the 2.2 g/t Au cut-off, and the updated capping strategy has been to add more tonnes at a lower average grade for an overall increase in contained ounces. The aggregate impact of these three factors on the Inferred Mineral Resources has been the addition of more tonnes at a higher average grade for an overall increase in contained ounces. Indicated Mineral Resources have increased by 8% to 0.63 Moz, based on an increase in tonnes of 58% to 3.49 Mt and a decrease in grade of 32% to 5.59 g/t Au. Inferred Mineral Resources have increased by 82% to 1.69 Moz, based on an increase in tonnage of 55% to 10.37 Mt and an increase in grade of 17% to 5.08 g/t Au.

    O’Brien’s system of Quartz-Sulphide-Gold vein mineralization remains open to depth across a broad front beneath the historic mine workings and the updated MRE. The potential continuation of this mineralization to a 2 kilometres depth defines an Exploration Target of an additional 5 Mt to 10 Mt at grades of between 4.0 g/t and 6.0 g/t Au containing 0.6 Moz to 2.0 Moz. The potential quantity and grade of an Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

    A New Vision for the O’Brien Gold Project

    The historic O’Brien mine produced over half a million ounces of gold at an average grade exceeding 15 g/t Au. It is clear that the former mine was “high-graded”, with manual mining methods applied to the highest-grade veins and ore shoots at an estimated cut-off grade of 7 g/t to 8 g/t Au. Parallel but lower-grade mineralized zones, which would be well above an economic cut-off grade today, were left unmined.

    The updated MRE does not incorporate any mineral resources potentially remaining in the former mine. However, in applying the lower grade cut-off of 2.2 g/t Au based on a gold-price estimate of US$2,500, the new estimate captures the overall volume attributes of the O’Brien mineralizing system, with more tonnes and more ounces at a lower average grade. This has the benefit of improving the continuity of mineralization for future mine planning, with larger stopes and more development headings supporting a higher potential mining rate. The Project has existing mining infrastructure to support such a vision, such as a shaft in the former mine extending to a 1,000 metres depth and multiple mills in the region with significant future capacity.

    Table 2 illustrates sensitivities on Indicated and Inferred Mineral Resources and the MRE block model based on cut-off grade. These are:

    a) 8.0 g/t Au (US$700/oz) representing the former mine,
    b) 4.5 g/t Au (US$1,250/oz) representing the MRE effective March 2, 2023,
    c) 2.2 g/t Au (US$2,500/oz) representing the updated MRE, and
    d) 1.5 g/t Au (US$3,800/oz) representing the recent long-term consensus price of gold.

    The comparison clearly indicates the relationship between volume and grade based on cut-off, the directionality of steeply-plunging grade shoots at O’Brien, and the increased continuity of mineralization achieved at progressively lower cut-offs.

    Gold Mineralization at O’Brien and Step-Out Drill Program

    Gold mineralization at O’Brien occurs within quartz-sulphide veins developed primarily within the interlayered mafic volcanic rocks, conglomerates, and porphyritic andesitic sills of the Piche Group occurring in contact with the regionally significant Larder Lake-Cadillac Break (“LLCB”). Individual veins are generally narrow, ranging from several centimetres up to several metres in thickness, and are associated with mineralized alteration envelopes of up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piche lithologies and the LLCB. As mapped at the historic O’Brien mine, and now replicated in the modern drilling, individual veins have well-established lateral continuity, with steeply plunging grade shoots developed over significant lengths.

    Since the end of 2024, Radisson has been pursuing a program of broad step-out drilling at O’Brien with the objective of determining the overall scope of mineralization at the Project to a depth of 2 kilometres (Figure 1). The priority is the quantity and distribution of mineral resources with step-outs rather than in-filling to upgrade the classification of the existing mineral resources.

    This drilling is accomplished with pilot holes followed by wedges and directional drilling to maximize drill efficiency. In October 2025, Radisson announced the expansion of the program to 140,000 metres employing an eventual eight drill rigs (see Radisson news release dated October 16, 2025). An initial 35,000 metres of the program were completed in 2025, with 72,500 metres budgeted for 2026, and a further 32,500 metres scheduled for the first half of 2027.

    QP Disclosure

    Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo., (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Luke Evans, M.Sc., P.Eng., ing., of SLR Consulting (Canada) Ltd., is the Qualified Person responsible for the preparation of the MRE at O’Brien. Both Mr. Nieminen and Mr. Evans are independent of Radisson and the O’Brien Gold Project.

    About Radisson Mining

    Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Quebec. A July 2025 PEA described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.63 Moz (3.49 Mt at 5.59 g/t Au), with additional Inferred Mineral Resources estimated at 1.69 Moz (10.37 Mt at 5.08 g/t Au). Please see the NI 43-101 “O’Brien Gold Project Technical Report and Preliminary Economic Assessment, Quebec, Canada” effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O’Brien Gold Project. For more information on Radisson, visit our website at www.radissonmining.com or contact:

    Matt Manson
    President and CEO
    416.618.5885
    mmanson@radissonmining.com

    Kristina Pillon
    Manager, Investor Relations
    604.908.1695
    kpillon@radissonmining.com

    Read more: https://www.acnnewswire.com/press-release/english/105395/

     

  • Lincotrade Unveils Freehold Residential Project, The Shang Residence, in Kuala Lumpur, Malaysia

    Lincotrade Unveils Freehold Residential Project, The Shang Residence, in Kuala Lumpur, Malaysia

    • The Shang Residence is a freehold residential project comprising 449 exclusive units in Kuchai Lama, an established residential township in Kuala Lumpur with existing amenities, schools, and healthcare facilities.
    • Within walking distance to the proposed MRT Line 3 (Jalan Klang Lama Station), The Shang Residence is also minutes from lifestyle and retail hubs such as Mid Valley Megamall, Bangsar South, and KL Eco City, with convenient access via major highways such as NPE, KESAS, MEX, and the Federal Highway.
    • Positioned as a modern urban sanctuary designed for multi-generational families,  The Shang Residence has resort-inspired lifestyle facilities and communal spaces including a 30m infinity pool, fitness studio, yoga & pilates studio, Himalayan salt sauna, pickleball court, sky dining pavilion, party pavilion & hotpot pavilion, mini theatre & KTV rooms, co-working lounge and private meeting suites, among others.

    Lincotrade & Associates Holdings Limited, (“Lincotrade” or the “Company” or “立鎧企業” and together with its subsidiaries, the “Group”), a specialist in interior fitting-out services, ispleased to announce its Group’s associate, Linc Venture Land Sdn. Bhd. (“Linc Venture”), in Malaysia has unveiled The Shang Residence (“The Shang Residence”), a freehold residential project located in Kuchai Lama, Kuala Lumpur, in a soft launch ceremony on 28 February 2026.

    The official launch of The Shang Residence is currently expected to take place by June 2026 and the project is expected to be completed by 2029.

    CEO of Lincotrade, Mr. Jackie Soh Loong Chow (苏隆昭先生) said: “The Shang Residence marks our maiden property development in Kuala Lumpur, and we are pleased to collaborate with established and reputable partners on this milestone project.

    We are confident that its strategic location in Kuchai Lama, combined with thoughtfully curated resort-inspired facilities and convenient access, will resonate with discerning homeowners who prioritise elevated urban living with long-term value retention.

    The limited supply of freehold residential developments in a mature enclave like Kuchai Lama further enhances the attractiveness of The Shang Residence, particularly with the new Jalan Klang Lama Station.”

    Managing Director of Linc Venture, Mr. Alan Tee Kai Loon (郑凯伦先生) added: “Designed with a thoughtful range of layouts that prioritise functionality and everyday liveability, The Shang Residence seamlessly integrates purposeful design anchored on four key pillars — Harmony, Vitality, Precision and Stewardship. Each element has been carefully curated to deliver a resort-inspired living experience within a vibrant urban setting.

    The Shang Residence reflects our vision of creating well-located homes that combine thoughtful design with lifestyle-driven amenities, offering residents both comfort and enduring value.”


    About Lincotrade & Associates Holdings Limited

    (Bloomberg Code: LINASC:SP  / SGX Code: BFT.SI)

    Established in 1991 and based in Singapore, Lincotrade has over 30 years of experience in the interior fitting-out industry and have established a proven business track record since its inception. Since 2006, Lincotrade has had its own in-house processing facility to process, assemble and manufacture Carpentry Products to support and complement its interior fitting-out services.

    Lincotrade is engaged in the provision of interior fitting-out services, additions and alterations (“A&A”) works and other building construction services primarily for the following three segments:

    (a) commercial premises, such as offices, hotels, shopping malls and food and beverage establishments;
    (b) residential premises such as condominium developments; and
    (c) showflats and sales galleries.

    Lincotrade’s interior fitting-out projects encompass space planning and lay-out, interior construction and finishing works on floorings, ceilings, partitions, doors, fixtures and fittings, mechanical, electrical and plumbing works such as air-conditioning installation, water and sewage fit-outs, lighting, power and other works. Lincotrade also provide A&A works include minor alterations, extension, conversion and upgrading of buildings as well as minor repair and improvement works. In addition, Lincotrade provides building construction services which mainly consist of the construction of showflats and sales galleries.

    During FY2025, Lincotrade also ventured into property development business via Linc Venture Land Sdn. Bhd. in Malaysia.

    As part of its sustainability strategy, the Group has an established environmental management system to enhance its environmental performance and reduce its impact on the environment.

    In addition to its commitment in the reduction of on-site energy consumption and construction waste, the Group has been using environmentally friendly materials, such as laminate and veneer made from reconstructed or recycled material, in its projects to reduce lumbering of forests. The Group was awarded the Singapore Green Label by the Singapore Environmental Council for its wooden panel doors which are made from renewable and sustainable materials.

    For more information, please visit their website at http://www.lincotrade.com.sg

    Issued on behalf of Lincotrade & Associates Holdings Limited by 8PR Asia Pte Ltd.

    Media & Investor Contacts:
    Mr. Alex TAN
    Mobile: +65 9451 5252
    Email: alex.tan@8prasia.com