Month: May 2025

A New Landmark in Causeway Bay Unveils Human-centric and Future-proof Design

HONG KONG, May 8, 2025 /PRNewswire/ — Located in the heart of Hong Kong, Lee Garden Eight is a premium mixed-use commercial development that redefines how people live, work and connect in the future. Jointly developed by Hysan Development Company Limited (“Hysan”) and Chinachem Group (“CCG”), Lee Garden Eight is set to be Causeway Bay’s new centrepiece. It represents a next-generation workplace and retail landmark, seamlessly connected to harness the buzz of the city, while transforming the urban jungle into an oasis of light, air and limitless potential.

Boasting the largest commercial floor plate on Hong Kong Island, Lee Garden Eight will offer the physical space for new experiences and possibilities. With a green indoor-outdoor space in mind, developers and the design architect Foster + Partners engineered a vibrant community where life flows.

Spanning over 100,000 sq. ft, the retail offerings at Lee Garden Eight are designed to cater to lifestyle and wellness needs, from fashion boutiques to premium gadgets and lifestyle goods. The design of Lee Garden Eight creates a rich, diverse, and active ground plane that fosters a sense of community. The project features an incredibly generous 60,000 sq. ft of green open space, bringing life to the area and forming seamless links to Lee Gardens. While Causeway Bay is known as a vibrant, fast-flowing urban quarter, Lee Garden Eight has been designed to be an oasis of serenity and tranquillity within a neighbourhood known for its relentless pace. Tree-lined streetscapes set the scene for life-enhancing experiences, as do an open market and a cultural performance area.

In the post-pandemic era, green spaces can offer fresh air and an energising flow that shift mindsets, promote productivity, and inspire overall well-being. Terraces on office floors (Tower 1 & 2) of Lee Garden Eight create vertical gardens that encourage social interactions. The lush landscape terraces travel through the building, creating a green spine with balconies at every level, establishing a strong connection between the building occupants and the natural environment.

As a mixed-use commercial development, Lee Garden Eight’s design balances diverse and modern needs between retail and office spaces. Recognising the importance of spatial flexibility, the project features the largest span floor plates on Hong Kong Island, reaching up to 39,000 sq. ft, allowing entire organisations and departments to occupy the same floor. Lee Garden Eight’s design incorporates a wide range of sustainable features, including a 3.25-metre-high ceiling and 2.15-metre-wide electric operable windows that facilitate natural ventilation. Over 50% of the space will enjoy a minimum of 4 hours of natural light daily. This approach is part of its sustainability strategy targeting carbon reduction at every stage of the building’s life cycle, from construction to operation. Ultimately, this enhances biophilia connections for occupants and biodiversity within our landscape.

Mr Ricky Lui, Executive Director and Chief Operating Officer, Hysan Development Company Limited stated, “Lee Garden Eight is the result of a close partnership between our team and Foster + Partners. From the very beginning, there has been a strong alignment in vision — both teams are committed to creating a place that is not only commercially successful but also meaningful to the city’s fabric. The open and transparent dialogue throughout the process has allowed us to challenge each other creatively while staying true to a shared set of values. This mutual respect and clarity of purpose are instrumental in shaping a design that is both ambitious and grounded in the local context.”

Ricky Tsang, Executive Director and Chief Financial Officer of Chinachem Group stated, “As a landmark commercial development in the vibrant heart of Causeway Bay, adhering to the highest green building standards, Lee Garden Eight underscores CCG’s dedication to shaping a greener, more liveable Hong Kong for our future generations. In partnership with Hysan and Foster + Partners, we look forward to delivering a transformative placemaking initiative that cultivates community well-being and social cohesion.”

Mr Luke Fox, Senior Executive Partner, Head of Studio, Foster + Partners stated, “The Lee Gardens area has always been a dynamic district. This is a unique opportunity to extend the vibrant experience of Causeway Bay, establish a sustainable masterplan for the future, and create a new landmark for Hong Kong in a culturally significant site. Our design of Lee Garden Eight integrates seamlessly with its surroundings, unlocks new connections to the city, and provides high-quality public spaces that breathe new life into the area.”

About Hysan Development Company Limited

Hysan Development Company Limited is a leading property investment, management, and development company with a core portfolio of approximately 4.5 million square feet of high-quality office, retail and residential space in Hong Kong. With roots in the city that go back more than 100 years, Hysan has focused on building the community, mixing the traditional and the new, applying technology and practicing sustainability. It has transformed the Lee Gardens area into a modern smart community, with a unique Hong Kong character, making it an attractive destination for leading multinational corporations, international visitors and local residents.

The Company has been growing its core portfolio through upgrades and expansion. It has also invested in strategic growth pillars which target opportunities brought about by the New Economy, with the aim of reinforcing Hysan’s business by geography and by sector. Among its strategic pillars are Lee Gardens Shanghai and an urban renewal project in To Kwa Wan. Hysan has been listed on the Stock Exchange of Hong Kong since 1981 under stock code 00014.

Please visit https://www.hysan.com.hk 

About Chinachem Group

Founded in 1960, Chinachem Group (“CCG”) is a leading private real estate company in Hong Kong. CCG manages a diverse portfolio of investment and development properties with a footprint of over 9 million square feet. Leveraging its extensive expertise in real estate development, CCG delivers high-quality residential spaces and maintains a robust pipeline of commercial projects, while its property services business creates value by managing assets for sustainable, long-term growth.

CCG is also a hotel owner and operator, managing and operating properties under the Nina Hotels and Lodgewood by Nina Hospitality brands. The acquisition of Pine Care Group marks CCG’s expansion into elderly care services, underscoring its commitment to delivering pristine care for the elderly.

With a workforce of over 4,000 employees, CCG is dedicated to making better places to live, work and raise future generations in Hong Kong and beyond.

Please visit www.chinachemgroup.com/en  

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SOURCE Hysan Development Company Limited

FORNEBU, Norway, May 8, 2025 /PRNewswire/ — Aker Horizons ASA (OSE: AKH), a developer of green energy and industry, today announced results for the first quarter 2025. Aker Horizons’ net capital employed stood at NOK 4.3 billion, a decrease of NOK 1.7 billion from the fourth quarter, mainly reflecting the dividend paid by Aker Carbon Capture ASA (“ACC”) during the quarter and AKH’s share of results in the portfolio companies in Q1. The company reported a cash position of NOK 4.1 billion and an undrawn credit facility of EUR 500 million. The credit facility has since expired and will not be extended.

Main developments in the portfolio:

ACC paid the first portion of a NOK 3.5bn dividend to shareholders in Q1

• A dividend payment of NOK 1.26bn was received by AKH in March, NOK 0.26bn in May
• ACC received an earn-out of NOK 71m from SLB related to the Hafslund Celsio contract award
• SLB Capturi recorded high commercial activity, with several tenders in process

The refinancing of Mainstream Renewable Power (“MRP”) was completed, securing funding for growth in core markets South Africa and Asia Pacific

• Three projects for a combined 350 MW are advancing towards financial close within the next 18 months in South Africa
• A portfolio of projects in Colombia totaling 675 MW was sold to local energy company Celsia
• Morten Henriksen was appointed as new CEO of MRP, and corporate headquarters are being relocated from Dublin to Oslo

Aker Horizons is exploring the potential for data centers in the north of Norway together with Nordkraft

• A potential data center business could leverage the ready-to-build Kvandal site in Narvik
• The Narvik Green Ammonia project is awaiting feedback on an application for additional grid capacity, and will not proceed to the next stage until clarity on grid is obtained

SuperNode completed the initial full-scale testing of its superconducting technology

• A prototype of SuperNode’s full-scale superconducting system was tested successfully in the company’s own facility in the UK in March
• A demo with 30 meters transmission distance is to be conducted in mid-2025

Aker Horizons reports net capital employed to reflect a portfolio composed mainly of unlisted assets. Net capital employed includes Aker Horizons’ initial investment in the portfolio company, adjusted for any profit or loss and any additional investments, adjusted for foreign exchange fluctuations. As of the first quarter, Aker Horizons had NOK 898 million net capital employed in ACC, NOK 2.06 billion in Mainstream, NOK 573 million in AAD, NOK 195 million in SuperNode and NOK 568 million in other assets.

The Q1 2025 presentation is attached.

Aker Horizons’ CEO Lars P. Sørvaag Sperre and CFO Kristoffer Dahlberg, and Mainstream’s CFO Julie Berg will present the main developments in the first quarter 2025 today at 08:30 CET, followed by a Q&A session. The presentation, which is open to all, will be held in English and will be webcast on Aker Horizons’ website:

https://akerhorizons.com/investors

For further information, please contact:
Jonas Gamre, Investor Relations, tel: +47 97 11 82 92, email: jonas.gamre@akerhorizons.com
Mats Ektvedt, Media, tel: +47 41 42 33 28, email: mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents. www.akerhorizons.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements in Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. This stock exchange announcement was published by Mats Ektvedt, Partner in Corporate Communications, on 8 May 2025 at 07:00 CET.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/aker-horizons/r/aker-horizons-asa–first-quarter-results-2025,c4147211

The following files are available for download:

 

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SOURCE Aker Horizons

• Sigma Lithium continued to demonstrate its operational resilience delivering strong financial performance:
  • Production of 68,308t of lithium oxide, above target and 26% higher than 1Q24.
  • CIF China Cash Costs and All-In Sustaining Costs: US$458/t and US$622/t, respectively 8% and 6% better than FY 2025 targets.
  • EBITDA and adjusted EBITDA for non-cash expenses: US$10m and US$11.4m, respectively, representing 21% and 24% EBITDA margins; and a significant 28% increase in revenues compared to 1Q24.

• The Company was truly honored by the overwhelming positive endorsement received from our communities at Vale do Jequitinhonha, demonstrated by over 2,000 supporters during the public hearings on lithium production at Brazil’s Lithium Valley:
  • An unprecedented 91% of favorable depositions and testimonials from the residents of cities Itinga and Araçuaí.

• We are also proud to be able to count on the unequivocal support of Brazil’s Federal Government and of Minas Gerais State Government:
  • Sigma Lithium has become a locomotive of prosperity in the region, creating over 1,700 direct and 20,000 indirect jobs with more than 21,000 people benefiting from our social inclusion programs of microcredit and irrigation for subsistence family agriculture.

SÃO PAULO, May 7, 2025 /PRNewswire/ — Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34) (“Sigma Lithium” or the “Company“), a leading global lithium producer dedicated to powering the next generation of electric vehicles with socially and environmentally sustainable lithium concentrate, is releasing a preview of its first quarter 2025 earnings, ahead of the Company’s senior management participation in several key events next week, including Brazil Week in New York and the APEX Brazil-China Seminar in Beijing, held during the visit of Brazil’s Presidential Delegation.

Sigma Lithium delivered a superb operational performance in the first quarter of 2025, with both production and low costs outperforming the Company’s full-year 2025 targets. Building on the positive trajectory of financial performance established over the last year, the Company achieved significant improvements across all key metrics compared to the first quarter of 2024, despite a weaker lithium pricing environment: lower costs, increased production and sales volumes, and higher revenues and EBITDA.

Key Operational and Financial Highlights:

The Company’s Co-Chairperson and CEO, Ana Cabral, commented, “Our teams have delivered superb execution in the 1Q25, which is demonstrated by our continued strong financial performance across all metrics. This quarter, we continued to outperform the financial targets set for FY2025, highlighted by our low all-in-sustaining-costs, amongst the lowest in the entire lithium industry. As a result, we built significant operational resilience which enables us to successful navigate the lithium price cycles. The financial strengthening of the Company over the last year is also demonstrated by our significant financial outperformance versus the 1Q24, achieved by our relentless execution and strong focus on “what we can control”. We remain committed to progressing responsibly and with discipline with our growth strategy, to build lasting value for all of our stakeholders.”

The strategic location of the Company’s subsidiary Sigma Brazil, responsible for 100% of its operations in Brazil, a diplomatically neutral, investor-friendly country and BRIC leader, helped insulate the Company from global trade disruptions and broader geopolitical tensions. Sigma Brazil delivers its lithium oxide materials to all markets, continuously increasing its global market share as it increases production, while strengthening and expanding its client relationships and international reach.

We are proud to be able to count on the unequivocal support of Brazil’s Federal Government and of Minas Gerais State Government. We were also truly honored by the overwhelming support received from our communities at Vale do Jequitinhonha, demonstrated by over 2,000 supporters and an unprecedented 91% of positive depositions and testimonials given by residents of our cities Itinga and Aracuai during the public hearings regarding lithium production at Brazil’s Lithium Valley conducted by the State of Minas Gerais District Attorney (“Ministerio Publico“) with all companies operating in the region.

The Company expects to release the full first quarter of 2025 financial and operating results on May 14, 2025 after the market closes. The Company will host a conference call to discuss these results on May 15, 2025, at 8:00 AM ET. To participate in the call, click here to register

ABOUT SIGMA LITHIUM
Sigma Lithium (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34) is a leading global lithium producer dedicated to powering the next generation of electric vehicle batteries with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate.

The Company operates one of the world’s largest lithium production sites—the fifth-largest industrial-mineral complex for lithium oxide—at its Grota do Cirilo Operation in Brazil. Sigma Lithium is at the forefront of environmental and social sustainability in the electric vehicle battery materials supply chain, producing Quintuple Zero Green Lithium: net-zero carbon lithium made with zero dirty power, zero potable water, zero toxic chemicals, and zero tailings dams.

Sigma Lithium currently produces 270,000 tonnes of lithium oxide concentrate on an annualized basis (approximately 38,000–40,000 tonnes of LCE) at its state-of-the-art Greentech Industrial Lithium Plant. The Company is now constructing a second plant to double production capacity to 520,000 tonnes of lithium oxide concentrate (approximately 77,000–80,000 tonnes of LCE).

For more information about Sigma Lithium, visit our website 

Sigma Lithium

LinkedIn: Sigma Lithium
Instagram: @sigmalithium
Twitter: @SigmaLithium

FORWARD-LOOKING STATEMENTS 

This news release includes certain “forward-looking information” under applicable Canadian and U.S. securities legislation, including but not limited to statements relating to timing and costs related to the general business and operational outlook of the Company, the environmental footprint of tailings and positive ecosystem impact relating thereto, donation and upcycling of tailings, timing and quantities relating to tailings and Green Lithium, achievements and projections relating to the Zero Tailings strategy, achievement of ramp-up volumes, production estimates and the operational status of the Groto do Cirilo Project, and other forward-looking information. All statements that address future plans, activities, events, estimates, expectations or developments that the Company believes, expects or anticipates will or may occur is forward-looking information, including statements regarding the potential development of mineral resources and mineral reserves which may or may not occur. Forward-looking information contained herein is based on certain assumptions regarding, among other things: general economic and political conditions; the stable and supportive legislative, regulatory and community environment in Brazil; demand for lithium, including that such demand is supported by growth in the electric vehicle market; the Company’s market position and future financial and operating performance; the Company’s estimates of mineral resources and mineral reserves, including whether mineral resources will ever be developed into mineral reserves; and the Company’s ability to operate its mineral projects including that the Company will not experience any materials or equipment shortages, any labour or service provider outages or delays or any technical issues. Although management believes that the assumptions and expectations reflected in the forward-looking information are reasonable, there can be no assurance that these assumptions and expectations will prove to be correct. Forward-looking information inherently involves and is subject to risks and uncertainties, including but not limited to that the market prices for lithium may not remain at current levels; and the market for electric vehicles and other large format batteries currently has limited market share and no assurances can be given for the rate at which this market will develop, if at all, which could affect the success of the Company and its ability to develop lithium operations. 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 information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. For more information on the risks, uncertainties and assumptions that could cause our actual results to differ from current expectations, please refer to the current annual information form of the Company and other public filings available under the Company’s profile at www.sedar.com.

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

 

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SOURCE Sigma Lithium Corporation