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Her Majesty Queen Noor of Jordan and other members of the Scotia Group declare "diplomatic emergency" and call on COP 26 summit to deliver rapid, permanent emissions reductions to avoid a "climate tragedy"

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LONDON, Sept. 16, 2021 /PRNewswire/ — The Scotia Group made up of current and former diplomats, judges, lawyers, mediators, policy experts, academics, politicians, businesspeople, and community leaders today published an open letter to UN Secretary-General António Guterres declaring a “diplomatic emergency alongside the climate emergency“.

The Scotia Group Logo

Her Majesty Queen Noor of Jordan, the Patron of the Scotia Group, said:

“If COP 26 cannot deliver rapid, permanent emissions reductions and the ability of citizens to enforce the promises their governments make, Scotia Group members question the purpose of further climate COPs.”

Howard Covington, the Chair of the Scotia Group Inception Commission, added:

“This is a rapidly gathering international crisis. Promises for action in the distant future are not a sufficient response. We may already need the continuous emergency diplomacy that is used in times of such crisis.”

The Scotia Group is proposing four ways COP 26 can bring real urgency into addressing the climate crisis:

  • China and the US should seize this opportunity to act together for the good of humanity and agree to both a phased programme to close their existing coal-fired power plants, or to retrofit them with carbon capture technology, and a ban on the financing and construction of new coal plants.



  • There is an urgent need for an energy transition diplomacy framework. Saudi Arabia should lead OPEC in halting new investment in additional oil production, a policy the US should support.



  • Governments should both commit to facilitating a global $1 trillion energy transition fund to accelerate progress in cleantech investments and deliver on the $100 billion a year already promised by richer countries to poorer countries.



  • An efficient and robust mechanism should be established to hold nations, institutions, companies, and communities accountable through domestic courts for the environmental pledges they have made.   

Notes to Editors

  1. Howard Covington is also Chair of the Alan Turing Institute and of ClientEarth. A full list of Scotia Group members can be found here.
  2. The Scotia Group Statement of Urgency can be found here.
  3. The Scotia Group has hosted virtual ‘Climate Majlis’ dialogue sessions exploring a range of subjects relating to climate action and the rule of law with leading global institutions including, Harvard University, Oxford University and the International Bar Association. Further information can be found here.

SOURCE The Scotia Group

Her Majesty Queen Noor of Jordan and other members of the Scotia Group declare "diplomatic emergency" and call on COP 26 summit to deliver rapid, permanent emissions reductions to avoid a "climate tragedy" WeeklyReviewer

PR Newswire Political/Government News

Tonto Apache is First Tribe in Arizona to Launch Retail Sportsbook at Mazatzal Hotel & Casino

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PAYSON, Ariz., Sept. 15, 2021 /PRNewswire/ — The Tonto Apache Tribe is proud to announce that it is the first Indian tribe in Arizona to launch a live onsite retail sportsbook at its Mazatzal Hotel & Casino in Payson.

Official today, and in partnership with TwinSpires Sportsbook owned by Churchill Downs, Mazatzal Hotel & Casino will now offer onsite retail sports wagering on the results of professional, college and international sport and athletic events.

On Thursday, September 16 at 9 a.m. (MST), Tonto Apache will launch mobile sports betting statewide through the TwinSpires online app.

Tonto Apache is one of ten tribes that applied for and were recently awarded sports betting licenses under new legislation (HB 2772).

“Over the last several years, we have worked diligently to secure our sports wagering license and today marks a significant milestone for Tonto Apache,” said Tonto Apache Chairman Calvin Johnson. “In conjunction with our world class partner, we look forward to offering a dynamic sportsbook, supporting the local community and bringing more visitors and sports fans to the Mazatzal Hotel & Casino. This opportunity will also present great opportunities and economic benefits for our people.”  

For more information, please contact Richard Verri of the law firm Rosette, LLP, at [email protected] or 480-241-6049.

CONTACT:

Chairman Calvin Johnson

928-951-2844

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SOURCE Tonto Apache Tribe

Tonto Apache is First Tribe in Arizona to Launch Retail Sportsbook at Mazatzal Hotel & Casino WeeklyReviewer

PR Newswire Sports News

Sibanye-Stillwater To Invest US$490 Million To Advance ioneer's Rhyolite Ridge To Production

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SYDNEY, Sept. 15, 2021 /PRNewswire/ — ioneer Ltd (“ioneer” or the “Company”) (ASX: INR) is pleased to announce that the Company has reached an agreement to establish a joint venture (the “Joint Venture“) with Sibanye Stillwater Limited (“Sibanye-Stillwater”) to develop the flagship Rhyolite Ridge Lithium-Boron Project located in Nevada, USA (the “Project”). Under the terms of the agreement, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer to maintain a 50% interest and retain operatorship. ioneer has also agreed to provide Sibanye-Stillwater with an option to participate in 50% of the North Basin1, upon the election of Sibanye-Stillwater to contribute up to an additional US$50 million, subject to certain terms and conditions.

In addition, the Company has entered into a subscription agreement with Sibanye-Stillwater for a strategic placement of US$70 million of ioneer ordinary shares (the “Sibanye-Stillwater Placement”). The placement shares will be issued to Sibanye-Stillwater at ioneer’s 10 day VWAP as of ASX market close on 15 September 2021. The Sibanye-Stillwater Placement is subject to shareholder approval at an Extraordinary General Meeting (“EGM“) of the Company’s shareholders to be held on 21 October 2021.

Transaction Highlights

  • Transformational strategic investment underpins the quality of Rhyolite Ridge and ioneer’s future as a major lithium and boron producer in the US
  • Sibanye-Stillwater is a US$10 billion global mining company2, with a proven track record in large-scale mining projects, and has committed to become an important player in the battery materials supply chain
  • Formation of a joint venture operating committee comprised of ioneer and Sibanye-Stillwater representatives will leverage the deep skillsets of both partners to help deliver the Project
  • Sibanye-Stillwater and ioneer will work collaboratively to secure debt financing for the Project on acceptable terms to ensure the Project is appropriately fully financed to production
  • Proceeds from the Sibanye-Stillwater Placement will be used towards ioneer’s development capital requirement, medium term working capital needs and to progress long-lead items to minimise time to production

James Calaway, Executive Chairman of ioneer commented:

“We are extremely pleased to welcome Sibanye-Stillwater, a leading international mining company, as a strategic partner in the Rhyolite Ridge Project. Sibanye-Stillwater, with its proven track record of developing and operating major mining projects including operations in the United States, its commitment to developing and maintaining an inclusive and sustainable culture, and its determination to become a major force in the battery materials supply chain, is an excellent partner for ioneer to jointly realize the promise of Rhyolite Ridge. With a strong strategic partner in place, we can now look to finalise the debt financing for the Project and move towards construction. We are confident in the alignment of our companies. Our partnership with Sibanye-Stillwater will allow ioneer to unlock the tremendous, long- term value of Rhyolite Ridge.”

Neal Froneman, CEO of Sibanye-Stillwater commented:

“This is Sibanye-Stillwater’s second lithium transaction and third transaction in the battery metals sector, which will be essential for the transition to a cleaner future. We are excited to build a long-term relationship with ioneer, who share our vision of facilitating security of lithium supply to the North American markets. Rhyolite Ridge is a world-class lithium project and we recognize its strategic value, with the potential to become the largest lithium mine in the US. We look forward to working collaboratively with the ioneer team and leveraging our complementary skills and capabilities to ensure this strategically important, world-class project is delivered, and materially contributes to reducing climate change.”

Transaction Details

The key terms of the transaction are summarised below:

  • ioneer will contribute the Project for a 50% interest in the newly created joint venture limited liability company (“JVCo“) and Sibanye-Stillwater will provide US$490 million in direct funding to the Project for 50% of the ordinary units in JVCo
  • ioneer will be the operator of the Project, will enter into a management services agreement with JVCo and will be responsible for the development and subsequent operation of the Project
  • The companies will establish a Technical Committee which will meet regularly to oversee the operations of the Project and an ESG Committee which will collaborate on key initiatives given the importance of ESG to both parties
  • In addition, the companies have agreed to establish a Marketing Committee to leverage each company’s existing relationships to maximise the value of JVCo’s products
  • Establishment of the Joint Venture and Sibanye-Stillwater’s funding commitment is subject to certain terms and conditions precedent, including receipt of final permits, commitments for remaining debt financing, and other customary approvals. ioneer anticipates these conditions precedent to be satisfied during the during second half of calendar year 2022
  • The JVCo transaction is not subject to shareholder approval and is not conditional on ioneer shareholders approving the placement of shares to Sibanye-Stillwater under the Sibanye-Stillwater Placement

Sibanye-Stillwater Placement Details

Under the terms of the Sibanye-Stillwater Placement, Sibanye-Stillwater will subscribe for 145.9 million ordinary shares of ioneer at a price of A$0.655 (representing the 10-day VWAP as of ASX close on 15 September 2021). The issue of shares under the Sibanye-Stillwater Placement would exceed the Company’s existing placement capacity under ASX Listing Rule 7.1 and therefore ioneer will be required to hold an EGM to approve the issue of the shares to Sibanye-Stillwater. The EGM is expected to take place on 21 October 2021 with further details on the EGM to be included in the Notice of EGM that will be despatched to shareholders and published on ASX in the coming days.

The directors unanimously recommend that shareholders at the EGM vote in favour of the issue of shares to Sibanye-Stillwater, and intend to vote the ioneer shares they own and control, or to which the director is appointed as proxy, in favour of such a resolution.

Transaction Advisers

ioneer’s financial adviser is Goldman Sachs, and its legal advisers are Vinson & Elkins (United States) and Ashurst (Australia).

Sibanye-Stillwater’s financial adviser is Macquarie Capital, and its legal adviser is Davis Polk & Wardwell LLP (United States).

About Sibanye-Stillwater

Sibanye-Stillwater is listed on the Johannesburg Stock Exchange and New York Stock Exchange (JSE:SSW and NYSE:SBSW) and has a market capitalisation of US$10 billion. Sibanye-Stillwater is one of the world’s largest primary producers of platinum, palladium and rhodium and is also a top tier gold producer, ranking third globally on a gold-equivalent basis. It also produces other PGMs, such as iridium and ruthenium, and chrome, copper and nickel as by-products.

In the United States, Sibanye-Stillwater currently operates three integrated facilities in Montana: the Stillwater and East Boulder PGM mines (78% palladium and 22% platinum) and the Columbus Metallurgical Complex which smelts material mined to produce PGM-rich filter cake and recycles autocatalysts to recover PGMs.

Sibanye-Stillwater has continued to advance its global diversification strategy to encompass the battery metal space by investing in a Finnish lithium hydroxide project in February 2021. With the acquisition of a 30% shareholding in Keliber Oy, Sibanye-Stillwater now has a substantial interest in the Keliber Lithium Project currently in development phase in the Kaustinen region of Finland. In July 2021, Sibanye-Stillwater also announced it had entered into an exclusive put option agreement with French mining group Eramet SA for the acquisition of 100% of the Sandouville nickel hydrometallurgical processing facility in Normandy, France. Together with the ioneer Placement, the Rhyolite Ridge Joint Venture represents Sibanye-Stillwater’s third transaction in the battery materials sector following the Sandouville nickel and Keliber lithium transactions in 2021.

The Sibanye-Stillwater Group focusses on embedding and excelling at environmental, social and governance (ESG) matters. Their vision is to create superior value for all stakeholders through the mining of mineral resources. The sustainable management of their operations is integral to their ability to obtain and maintain their social license to operate and generate long-term value for all stakeholders, including employees, the communities where they operate, governments and shareholders.

About ioneer

ioneer Ltd is the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world. The Definitive Feasibility Study (DFS) completed in April 2020 confirmed Rhyolite Ridge as a world-class Lithium and Boron Project that is expected to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future.

This ASX release has been authorised by ioneer Managing Director Bernard Rowe.

 

Contacts:


James Calaway

Bernard Rowe

ioneer Ltd

ioneer Ltd

Executive Chairman

Managing Director

T: +1 713 818 1457

T: +61 419 447 280

[email protected] 

[email protected] 



Matt Dempsey

Jane Munday

FTI Consulting

FTI Consulting

Investor & Media Relations (USA)

Investor & Media Relations (Australia)

T: +1 202 316 9609

T: +61 488 400 248

[email protected] 

[email protected]




 

Important notice and disclaimer

Forward-looking statements

This announcement contains certain forward looking statements and comments about future events, including ioneer’s expectations about the Project and the performance of its businesses. Forward looking statements can generally be identified by the use of forward looking words such as ‘expect’, ‘anticipate’, ‘likely’, ‘intend’, ‘should’, ‘could’, ‘may’, ‘predict’, ‘plan’, ‘propose’, ‘will’, ‘believe’, ‘forecast’, ‘estimate’, ‘target’ and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance on, future earnings or financial position or performance are also forward looking statements.

Forward looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that such predictions, forecasts, projections and other forward looking statements will not be achieved. Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Forward looking statements involve known and unknown risks, uncertainty and other factors which can cause ioneer’s actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements and many of these factors are outside the control of ioneer. As such, undue reliance should not be placed on any forward looking statement. Past performance is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward looking statements, forecast financial information or other forecast. Nothing contained in this announcement nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of ioneer.

Except as required by law or the ASX Listing Rules, ioneer assumes no obligation to provide any additional or updated information or to update any forward looking statements, whether as a result of new information, future events or results, or otherwise. 

 

1 The North Basin is contiguous with ioneer claims in the area but separate from the Rhyolite Ridge Project in the South Basin. The North Basin was not included in the DFS given its different geological setting and early stage exploration status.

2 Market capitalisation as at 14 September 2021

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SOURCE ioneer

Sibanye-Stillwater To Invest US$490 Million To Advance ioneer's Rhyolite Ridge To Production WeeklyReviewer

PR Newswire Business News

New Report From SVLG Examines Post-Covid Mental Health Practices for Children As Local Schools Reopen

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SAN JOSÉ, Calif., Sept. 15, 2021 /PRNewswire/ — With an influx of COVID-19–related funding targeted towards children’s mental health, a new report from Silicon Valley Leadership Group’s Education Team examines the steps Bay Area schools have taken to date to address the underlying stressors and concerns facing local youth.

“We have not seen this level of investment in public education in a generation,” said Sara Garcia, SVLG

The report was compiled from interviews with local school representatives from June 2021 to August 2021. The report contains feedback from districts across the Bay Area that serve nearly 100,000 students every day. This included multiple Bay Area school districts as well as charter school networks. The report details the best practices being used in the field and how these practices are being implemented at the school level. 

“We have not seen this level of investment in public education in a generation,” said Sara Garcia, Director of Education & Workforce Development at SVLG, “and have never seen as great an investment in students’ mental health as the Children and Youth Behavioral Health Initiative, and with that comes great responsibility. We hope this report serves as a toolkit for best practices in supporting students’ mental health by showcasing the amazing work local schools are doing in that area.”

Governor Newsom’s 2021-2022 budget includes a $4 billion investment in the Children and Youth Behavioral Health Initiative, which will provide screenings, counseling, and therapy for young people up to age 25. The new funding, from the federal and state level, moves the state’s per-student funding from 48th in the nation to the top 10 in national rankings. The study’s lead author notes that money will lead to more student mental health staffing, but many schools are waiting to see where needs will be this school year before hiring new staff.

“Overall, the report shows schools are attempting to shift focus from triaging mental health support to creating preventative youth mental health practices,” said Will Aubin, the report’s lead researcher. “And this shift would not be possible without this increase in funding.” Aubin pointed to the report showing school districts investing more money in three key areas:

1.  3rd party organizations to connect families to specialized care

2.  Proactive investments in social-emotional curriculum

3.  More teacher training to support student mental health needs

The new funding comes in response to Covid’s increased mental health challenges for children and teens. According to CDC records, mental health-related emergency room visits for those ages 12-17 increased by 31% between April and October of 2020 compared with the same period in 2019. Related to that impact, Dr. Steven Adelsheim, Stanford University Clinical Professor of Psychiatry and Behavioral Sciences, pointed to the urgent need to better understand school mental health strategies at this time. 

“We must do everything we can right now to support the mental health and wellbeing of our students and families as they return to the classroom,” said Dr. Adelsheim.

SVLG’s Sara Garcia said that the report is an important examination of practices in children’s mental health in our schools now. But she also emphasized that an examination of what’s working was critical as new funding gives districts a chance to make new impacts with those affected.

“This historical investment demands significant responsibility. It is incumbent upon our schools and service providers to be good stewards of public dollars intended to support the needs of the most vulnerable in our community,” said Garcia.

To read the full report, please click HERE

About SVLG:

Silicon Valley Leadership group is the region’s premier business advocacy organization. Building on four decades of success in championing the solutions that make Silicon Valley the best place to work and live, we promote a policy agenda focused on fostering business competitiveness and the region’s innovation ecosystem. Collectively, SVLG members provide nearly one of every three private sector jobs in Silicon Valley and contribute more than $3 trillion to the worldwide economy each year.

Laura Wilkinson, SVP

Media & External Relations

Silicon Valley Leadership Group

408.200.2330

[email protected]

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SOURCE Silicon Valley Leadership Group

New Report From SVLG Examines Post-Covid Mental Health Practices for Children As Local Schools Reopen WeeklyReviewer

PR Newswire World News

PAC Worldwide Rolls Out Curbside Recyclable Padded Mailer

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SEATTLE, Sept. 15, 2021 /PRNewswire/ — Environmentally conscious consumers and companies may find it difficult to curb their enthusiasm for a protective mailer that turns the recycling movement a deeper shade of green. Global flexible packaging leader PAC Worldwide  is rolling out Ecojacket™, a 100% recyclable paper padded mailer that can go straight to the street for curbside pick-up.

With total e-commerce market volume last year reaching $27 billion and forecasted to reach $62 billion by 2026,* the arrival of Ecojacket could not be better timed. The padded mailer is particularly well suited for sustainability focused companies who each day ship large volumes of cosmetics, books, jewelry, and more.

Its protective cushioning comes from natural kraft paper on the exterior that’s bonded to a fluted interior paper. A bottom fold and side pouch heat seals offer superior bursting strength, while the pressure sensitive self-seal adhesive closure system makes the package reliable, tamper-evident, and easy to use.

PAC’s design and engineering division subjected the prototype to extensive materials testing prior to rollout. In addition, a series of fulfillment trials were conducted to gauge filling speed and ease of packing. Ecojacket’s rigid properties delivered consistent outcomes, from reduced friction in packing to enhanced gripping power of the package when traveling down conveyor belts and packing chutes. 

PAC Worldwide President Steve Foster praised the multi-disciplinary team who  guided the package through the rigorous design, development, and manufacturing process. “It requires supreme effort and collaboration to bring a product like this to market,” said Mr. Foster. “I could not be more proud of what we accomplished when you look at value creation – not only for customers, but the world in which we live.”

The Ecojacket is part of the Seattle-based company’s deep line-up of customized and stock packaging solutions, as well as automated packaging systems. PAC’s customer base ranges from large Fortune 50 consumer packaged goods brands to e-commerce companies, distributors, and couriers.  

*source: Global E-Commerce Packaging Market Report: Facts and Factors

About PAC Worldwide

Founded in 1975, PAC Worldwide Corporation has been a leader and innovator in the development and manufacturing of customized packaging and contract packaging solutions for more than 40 years. The privately-owned company employs nearly 2,000 team members through operations in the U.S., Mexico, and Malaysia.

CONTACT: Michael Shepherd

(206)224-3550

[email protected]  

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SOURCE PAC Worldwide

PAC Worldwide Rolls Out Curbside Recyclable Padded Mailer WeeklyReviewer

PR Newswire Science News

VORAGO Technologies announces 4-channel Rad-Hard Latch-up Monitor IC solution, now sampling

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AUSTIN, Texas, Sept. 15, 2021 /PRNewswire/ — VORAGO Technologies (https://voragotech.com) today announced the first product in a new line of radiation-hardened protective devices, the VC91200, a superior latch-up monitor IC. Sample evaluation kits are now available for purchase.

“Latch-up due to the effects of radiation can result in catastrophic failure of devices in extreme environments. The ability to detect and prevent latch-up before it occurs is critical to the success and longevity of missions in space. We are proud to offer a fully integrated multi-channel latch-up solution that allows our customers to monitor and protect up to four devices at once.”

– Dr. Hannah Moore, Sr. Manager, Product Management, VORAGO Technologies

Designed with VORAGO Technologies’ patented HARDSIL® Technology, the VC91200 was created as the ultimate space-grade protection device including rad-hardened registers with Triple Mode Redundancy (TMR) and Dual-Interlocked Storage Cells (DICE) on key register elements, with the ability to protect up to four devices at once with a single chip.

VORAGO’s VC91200 includes the following features and benefits:

  • Latch-up current sensing of up to 4 devices
  • Over-voltage detection
  • Load-dump control
  • Extensive configuration setting options via GPIO, UART, I2C
  • Digital timer watchdog functionality
    • Configurable for individual channels or universal shutdown
    • Configurable timeout period
  • Load supply range 12V
  • Power supplies 3.3V only or 3.3V/1.5V
  • Radiation-hardened with HARDSIL® up to 200 krad (Si) TID
  • Single-event Latch-up (SEL) immunity for all ion LETs <= 110 MEVcm2 (at 125°C)
  • Soft Error Rate (SER) EDAC enabled: <1e-15 errors / bit-day
  • Easy-to-design development kit, with exceptional support and service offerings available
  • To learn more or to request a datasheet, visit VORAGO’s Product Page.

About VORAGO Technologies

VORAGO Technologies is a privately held, high technology company based in Austin, Texas with over 15 years of experience in providing radiation-hardened and extreme-temperature solutions for the Hi-rel marketplace. VORAGO’s patented HARDSIL® technology uses cost-effective high-volume manufacturing to harden any commercially designed semiconductor component for extreme environment operation, and has created a number of solutions throughout Aerospace, Defense and Industrial applications. VORAGO has been named as one of Inc.’s 5000 Fastest Growing Companies in the US, and honored in Austin’s Fast 50 List for 2020. VORAGO Technologies opens up a new world of possibilities for your designs, no matter how hostile the environment. www.voragotech.com

Photo(s):

https://www.prlog.org/12885524

Press release distributed by PRLog

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SOURCE VORAGO Technologies

VORAGO Technologies announces 4-channel Rad-Hard Latch-up Monitor IC solution, now sampling WeeklyReviewer

PR Newswire Technology News

CGTN: China calls for innovation to promote high-quality development in Shaanxi

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BEIJING, Sept. 16, 2021 /PRNewswire/ — Innovation is often regarded as a pressing task in China, and to facilitate the high-quality development in all-round areas, efforts must be made in this regard.

 

The message was well emphasized during Chinese President Xi Jinping’s two-day inspection tour of northwest China’s Shaanxi Province, where he highlighted about innovation and high-quality development in energy, ecological conservation, education and people’s livelihood.

Innovation, the most pressing task

Sci-tech innovation is the most pressing task and efforts must be accelerated to achieve breakthroughs in key and core technologies, Xi stressed during Monday’s visit to a chemical company to learn about the consumption and development of China’s coal industry.

The coal chemical industry, as a sector with huge potential and good prospects, must be transformed into a high-end, diversified and low-carbon industry, Xi said.

Coal is so far the primary energy consumption in China. Given the situation, Xi said a green and low-carbon development path for the industry is essential to the country’s mission to realize carbon neutrality by 2060. He emphasized the importance of sci-tech innovation to transform the traditional industry into a high-end, diversified and low-carbon one.

Ecological conservation, a balance between humans and nature

The Loess Plateau, once famous for its endless highlands of yellow earth from land erosion on the banks of Yellow River, now has been changing colors with local people’s tireless afforestation efforts.

Among them, Gaoxigou Village is known as a model of ecological conservation. During his trip to the village, Xi affirmed villagers’ efforts while stressing the need to integrate ecological governance with the development of distinctive local businesses.

We must firmly implement the concept of “lucid waters and lush mountains are invaluable assets” and explore a way to attain coordinated development between ecology and economy, and harmony between humans and nature, the Chinese president said.

Education, fundamental to national rejuvenation

Xi gave further explanation to the fundamental role of education when paying a visit to a middle school in Suide on Tuesday.

According to him, the aim of education is to improve people’s overall quality so as to raise the national degree of social civilization, achieve cultural confidence and enhance the national creative vitality.

He stressed the importance of reform in the education sector and called for efforts to cultivate young people who are equipped with moral grounding, intellectual and physical ability, and aesthetic sensibility that can contribute to the society.

Meanwhile, the Chinese president also urged to strengthen the primary role of schools in education, noting that the quality of education should be improved in an all-round way while easing students’ burden of excessive homework and off-campus tutoring.

Folk arts, an invaluable asset of the Chinese nation

While touring an exhibition hall for local intangible cultural heritage in Suide, Xi expressed appreciation for the local efforts to protect and inherit traditional culture.

Noting that Suide is one of the important origins of the Loess Culture, with abundant resources of intangible cultural heritage and traditional folk arts, Xi highlighted the importance of protecting folk arts as they are invaluable assets of the Chinese nation, and are vital to sustaining historical legacy and building a socialist country with great cultural strength.

He called for a creative transformation and development of the traditional culture so as to better link it to modern life to meet people’s ever-growing needs for a better life.

https://news.cgtn.com/news/2021-09-16/China-highlights-innovation-for-high-quality-development-in-Shaanxi-13AdqnXt6Fi/index.html

 

SOURCE CGTN

CGTN: China calls for innovation to promote high-quality development in Shaanxi WeeklyReviewer

PR Newswire Political/Government News

Relay Ventures Disposes of Class A Shares of theScore

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TORONTO, Sept. 15, 2021 /CNW/ – Relay Ventures (“Relay“) is pleased to announce that it has disposed of an aggregate of 3,271,730 Class A subordinate voting shares (“Class A Shares“) of Score Media and Gaming Inc. (“theScore“), a Toronto based publicly traded digital media company.

Relay disposed of the 3,271,730 Class A Shares in multiple trades on September 13, 2021 and September 14, 2021, representing approximately 5.91% of the currently issued and outstanding Class A Shares. Immediately prior to the disposition, Relay owned an aggregate of 6,403,886 Class A Shares representing approximately 11.45% of the then issued and outstanding Class A Shares. The disposition decreases Relay’s position in theScore by 3,271,730 Class A Shares (or approximately 5.91% of the issued and outstanding Class A Shares) to 3,132,156, representing approximately 5.6% of the currently issued and outstanding Class A Shares.

The Class A Shares were disposed of in multiple transactions through the facilities of the Toronto Stock Exchange (the “TSX“) and the Nasdaq for aggregate proceeds of USD$113,003,134. 830,000 Class A Shares were through the facilities of the TSX sold at a price of USD$34.946 per Class A Share for an aggregate sale price of USD$29,005,180. 2,441,730 Class A Shares were sold through the facilities of the Nasdaq at a price of US$34.401 for an aggregate sale price of USD$83,997,953.70. Following the completion of the disposition, Relay owns 3,132,156 Class A Shares or approximately 5.6% of the presently issued and outstanding Class A Shares. Relay disposed of the Class A Shares as part of Relay’s investment strategy for theScore and Relay may acquire further Class A Shares or dispose of its remaining Class A Shares, both as investment conditions warrant.

This press release is being issued as required under the early warning requirements of applicable Canadian securities laws and an early warning report regarding the disposition of Class A Shares by Relay will be filed on SEDAR at www.sedar.com in accordance with applicable securities laws. Relay is located at 446 Spadina Road, Suite 303, Toronto, Ontario M5P 3M2. For further information, including a copy of the related early warning report, please contact Jeannette Wiltse at (416) 367-0027. theScore is listed on the Toronto Stock Exchange under the symbol “SCR”. theScore’s head office is located at 500 King Street West, Fourth Floor, Toronto, Ontario M5V 1L9.

About Relay Ventures

Relay Ventures is an early-stage venture capital fund focused on industries with the potential for growth, fuelled by the rapid adoption of technology.

SOURCE Relay Ventures

Relay Ventures Disposes of Class A Shares of theScore WeeklyReviewer

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