Key news highlights:

  • With new solar panels at its Cikande factory, Mowilex has expanded its commitment to renewable energy, efficiency and the environment.
  • The installation will lower the company’s carbon footprint and cut grid electricity use by up to 25% per year.
  • Mowilex earned its sixth consecutive CarbonNeutral® company certification in late 2024, and further supports Indonesia’s clean energy goals with this solar project.

JAKARTA, Indonesia, July 4, 2025 /PRNewswire/ — With the installation of solar panels at its Cikande factory, PT Mowilex Indonesia (Mowilex) is expanding its long-standing commitment to clean, renewable energy. Mowilex was Indonesia’s first paint company to make major solar investments, demonstrating environmental leadership by first installing panels at its corporate headquarters in 2022. 

Over 500 solar modules now cover the roof of the main Cikande factory building. Another 252 solar modules were installed on car and motorcycle parking canopies. The system will reduce grid electricity use at the company’s Cikande factory by approximately 500 kilowatt-hours (kWh) annually – and that means 1 of every 4 liters produced will be made with renewable energy.

With the Cikande solar panels, Mowilex will lower its operational carbon footprint and cut non-renewable energy use by up to 25% per year. The company’s new renewable energy project advances Indonesia’s clean energy goals and comes just months after Mowilex earned its sixth consecutive CarbonNeutral® company certification.

“We believe in taking real action to decarbonize. This solar installation at our Cikande factory goes beyond buying offsets, and it’s more than a technological upgrade. It is a reflection of our core values. As a company rooted in environmental responsibility, this initiative brings us one step closer to a cleaner future for Indonesia,” says Niko Safavi, CEO of PT Mowilex Indonesia.

Through its investment in solar projects, Mowilex is actively reducing its dependence on brown energy. In contrast to brown energy, derived from fossil fuels and associated with high emissions and environmental harm, green energy represents a cleaner, renewable alternative. This strategic transition enables Mowilex to adopt a more stable, self-sufficient and environmentally responsible energy solution.

The expanded use of solar also aligns with the environmental and ethical expectations of Indonesian consumers. Climate change worries 87% of Indonesians, says the global communications firm Edelman, and more than 90% of Indonesians think businesses don’t do enough engagement around climate change issues. Another 90% expect CEOs to take a public stance on climate change.

Mowilex embraces the opportunity to educate and deliver solutions to climate challenges through its products and practices.

“We see consumers shifting their purchasing power toward brands that actively work to mitigate climate change. Mowilex is proud to meet those market expectations,” says Safavi. “Solar is a reliable, independent power source that contributes to our energy security and supports Indonesia’s renewable energy policies. By making this long-term investment, we hope to be a model for industry and for the greater public.”

Learn more about Mowilex sustainability programs and products at Mowilex.com.

About PT Mowilex Indonesia

PT Mowilex Indonesia (Mowilex), a subsidiary of Asia Coatings Enterprises, Pte. Ltd., is a leading producer of premium paints and coatings. Since launching the first Indonesian-made, water-based paints in 1970, the company has expanded its commitment to environmental ethics, equality, community and innovation. PT Mowilex is Indonesia’s only certified carbon neutral manufacturer, producing zero and low VOC paints in modern colours, and the company regularly wins awards for its corporate social responsibility and sustainability efforts.

Media contact: media@mowilex.com
Visit the Mowilex website for product and sustainability information.

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SOURCE PT Mowilex Indonesia

CHENGDU, China, July 4, 2025 /PRNewswire/ — Shanghai Stock Exchange listed company HitGen Inc. (“HitGen”, SSE: 688222.SH) today announced the release of its inaugural sustainability report, aiming to present the company’s philosophies and policies in environmental, social, and governance (“ESG”) areas, as well as its sustainability practices and performance in the year of 2024, systematically addressing stakeholders’ concerns.

Dr. Jin Li, Chairman of the Board and CEO of HitGen Inc., commented: “It is my great pleasure to share with you HitGen’s inaugural Sustainability Report. As an enterprise at the forefront of drug discovery research, HitGen aspires to advance innovative drug discovery for the healthcare industry. We are committed to original innovation of drug discovery, continuously delivering new molecular entities to the industry, and contributing to improved human health. In 2024, while continuing to enhance our competitiveness in biopharmaceutical R&D services, we systematically integrated sustainability concepts throughout our operational processes, striving to achieve synergistic development in governance efficiency, low-carbon transmission, talent development, and community well-being.”

Sustainable Corporate Governance

A robust governance framework and capabilities form the solid foundation for sustainable corporate development. HitGen continuously enhances its governance structure to ensure transparent and scientific decision-making. Adhering to compliance and ethical standards as the baseline, we operate with integrity to establish industry benchmarks. We are committed to building a comprehensive risk management system, driving long-term and stable corporate growth, and creating sustainable value for all stakeholders.

Responsible Value Chain

HitGen advances sustainable development across its entire value chain from supply, operations to client engagement by establishing sustainable supply chain system, industry-academia-research collaborative innovation networks, full-cycle quality control mechanisms, and robust data security safeguards, for the purpose of continuously building a resilient and responsible value ecosystem to fulfill its long-term commitment to human health.

Harmonious Internal and External Ecosystem

HitGen takes social responsibility as its fundamental duty, demonstrating support through safeguarding employee rights and interests, creating an inclusive atmosphere with diversity and equality, empowering personal growth through training and development programs, protecting employee health and safety, and actively engaging in community contributions – all these actions exemplify the Company’s commitment to society.

Eco-Conscious Environmental Management

Adhering to the “Eco-Conscious, Planet-Responsible” philosophy, HitGen is dedicated in minimizing adverse impacts on the environment during R&D and operations, conserving natural resources, reducing greenhouse gas emissions, and protecting biodiversity and clean water sources.

Dr. Jin Li said, “Guided by our value-creation-driven sustainability vision, we firmly believe our fundamental mission is to create value for society, value for development, and value for the future – thereby propelling technological innovation and business expansion. On this journey, we will persistently leverage market needs as our compass and technological breakthroughs as our engine, continuously optimizing our innovative drug R&D service system to build an ecosystem of positive reciprocity where patients benefit, the industry advances, employees grow, and all stakeholders achieve shared success.”

For more information on HitGen’s Sustainability Report, please visit https://www.hitgen.com/en/sustainability.html 

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SOURCE HitGen Inc.

DELRAY BEACH, Fla., July 4, 2025 /PRNewswire/ — The home hydroponics market is estimated at USD 1.80 billion in 2025 and is projected to reach USD 3.77 billion by 2030, at a CAGR of 16.0% from 2025 to 2030, according to a report published by MarketsandMarkets™.

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The home hydroponics market is being driven by environmental, technological, and lifestyle factors. Increasing awareness about sustainable and pesticide-free food production has led consumers to explore alternative growing methods that reduce resource use and carbon footprint. Urbanization and limited availability of gardening space in cities are pushing households toward compact, soil-less farming systems. Technological innovations such as automated nutrient delivery, IoT-based monitoring, and energy-efficient LED lighting have made hydroponics more user-friendly and accessible.

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By system type, the nutrient film technique segment holds a significant share in the home hydroponics market

The nutrient film technique (NFT) holds a significant share in the system type segment of the home hydroponics market due to its efficiency, simplicity, and suitability for small-scale indoor setups. NFT systems work by flowing a thin film of nutrient-rich water over the roots of plants, providing constant access to oxygen and nutrients while minimizing water usage. This method is particularly popular among home growers for leafy greens and herbs, as it supports rapid growth and is relatively easy to maintain.

The compact and modular design of NFT systems make them ideal for urban households with limited space, and their low operational cost further enhances their appeal. The rising availability of affordable NFT kits and DIY-friendly designs has also contributed to widespread adoption. As consumers become more environmentally conscious and seek cost-effective solutions for growing fresh produce at home, the NFT system continues to gain traction as a preferred choice in the hydroponics market.

By crop seed type, the leafy greens & herbs segment holds a significant share in the home hydroponics market

Leafy greens and herbs hold the largest share in the home hydroponics market due to their fast growth cycles, compact root structures, and suitability for indoor environments. Lettuce, spinach, kale, basil, mint, and parsley thrive in hydroponic systems and require minimal space and maintenance, making them ideal for home growers. These crops can be harvested frequently and regrown quickly, offering a steady, fresh supply for personal consumption. Their high nutritional value and widespread culinary use further increase their appeal among health-conscious consumers. Additionally, leafy greens and herbs are less sensitive to variations in climate and lighting conditions compared to fruiting plants, making them more compatible with small-scale, beginner-friendly hydroponic setups.

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Based on region, Asia Pacific holds the largest share in the home hydroponics market

The Asia Pacific region holds a significant share in the home hydroponics market, driven by rapid urbanization, rising population density, and growing concerns over food security and environmental sustainability. China, Japan, South Korea, and Singapore are at the forefront of adopting innovative indoor farming technologies due to limited arable land and increasing demand for fresh, pesticide-free produce.

The rising middle class in these nations, along with a strong cultural emphasis on healthy living and homegrown food, fosters widespread acceptance of hydroponic systems. Urban consumers, particularly in densely populated cities, are turning to compact and modular home hydroponics as a practical solution for space constraints and food quality concerns. Additionally, the increasing use of technology in everyday life across the region has paved the way for smart, app-controlled hydroponic kits to gain popularity among tech-savvy households.

Government initiatives and supportive policies further reinforce Asia Pacific’s strong position in the home hydroponics market. For example, Singapore’s “30 by 30” initiative aims to produce 30% of the nation’s nutritional needs locally by 2030, encouraging urban farming methods such as hydroponics. Similarly, investments in smart agriculture, sustainability education, and public awareness campaigns in India and China are boosting market potential. The presence of regional startups and growing partnerships between agri-tech companies and urban housing developers are also expanding product availability. With a blend of economic growth, rising health awareness, and policy support, the Asia Pacific region is poised to continue its influential role in shaping the global home hydroponics landscape.

The report profiles key players such as The Scotts Company LLC (US), Hydrofarm (US), GrowGeneration Corp. (US), Rise Gardens (US), Gardyn (US), Growgreen Limited (Hong Kong), Ingarden GmbH (Germany), Holland Horticulture (UK), CLICK & GROW LLC (Estonia), and Altifarm Enverde (US).

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Browse Adjacent Reports @ Agriculture Industry Market Research Reports & Consulting

Related Reports:

Commercial Greenhouse Market Size, Share, Industry Growth, Trends Report by Type (Glass Greenhouse, Plastic Greenhouse), Crop Type (Fruits, Vegetables, Flowers & Ornamentals, Nursery Crops), Equipment (Hardware, Software & Services) and Region – Global Forecast to 2028

Hydroponics Market by Type (Aggregate systems and Liquid systems), Equipment, Input (Nutrients and Grow media), Crop Type (Vegetables, Fruits, Flowers), Farming Method (Indoor and Outdoor), Crop Area, and Region – Global Forecast to 2027

About MarketsandMarkets™

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SOURCE MarketsandMarkets

YIBIN, China, July 4, 2025 /PRNewswire/ — Sichuan Yingfa Ruineng Technology Co., Ltd. (“Yingfa Ruineng”) has recently announced its formal accession to the United Nations Global Compact (UNGC). This move underscores Yingfa Ruineng’s firm commitment to sustainability, integrating it into the company’s business strategy and driving innovation to accelerate the photovoltaic industry toward greater efficiency and lower carbon emissions.

Fulfilling a Global Commitment and Advancing Sustainable Goals

Established in 2000 by former UN Secretary-General Kofi Annan, the UN Global Compact is the world’s most influential platform for corporate sustainability. It calls on businesses to align operations with ten principles covering human rights, labor standards, environmental protection, and anti-corruption, while supporting the broader UN Sustainable Development Goals (SDGs) set for 2030. Today, the initiative includes tens of thousands of companies and organizations across more than 160 countries.

By joining the UNGC and pledging support for its principles, Yingfa Ruineng has demonstrated its strong commitment to making Environmental, Social, and Governance (ESG) values a core strategic priority. Looking ahead, the company plans to deepen its ESG efforts across all operational areas and contribute to the transition toward a more efficient and low-carbon PV supply chain.

Driving Clean Energy Adoption Through Technology

As a key player in China’s photovoltaic industry chain, Yingfa Ruineng focuses on the R&D and mass production of high-efficiency solar cells. These solutions serve a broad range of applications, including utility-scale solar farms, and commercial, industrial and residential distributed PV systems. Drawing on leading-edge technologies such as PERC, TOPCon, and back-contact (BC) cell technology, alongside Czochralski monocrystalline silicon ingot technology, the company continues to improve conversion efficiency and lower the levelized cost of electricity (LCOE).

In response to global efforts around carbon neutrality, and in alignment with China’s “dual carbon” targets, Yingfa Ruineng is continuously advancing technological innovation and smart manufacturing to reduce energy consumption and emissions throughout its production process. Through its partnership with the UNGC, the company will further accelerate the optimization of its sustainable supply chain management practices and deepen its exploration of renewable energy applications.

Executive Perspective: Sustainability Sets the Course Forward

“Joining the UNGC marks an important milestone in Yingfa Ruineng’s path toward globalization,” said Yingfa Ruineng President Zhang Min. “We recognize that long-term success lies not only in outstanding business performance, but also in the positive impact a company makes on the environment and society. Moving forward, we will continue to raise our internal standards and integrate sustainability into every facet of our operations.”

Outlook: Powering a Net-Zero Energy Future

As the global energy landscape undergoes rapid transformation, Yingfa Ruineng sees its participation in the UNGC as a new starting point. The company will further enhance its technological capabilities and ESG performance while collaborating with international partners to help accelerate the shift toward a greener, low-carbon, and sustainable energy future—one that aims to share the benefits of clean energy development with all.

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SOURCE Yingfa Ruineng

QINGDAO, China, July 4, 2025 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”), joining hands with Shandong Province and Qingdao Municipality, has successfully commenced operations of China’s first commercial floating offshore photovoltaic (PV) project in a full-seawater environment. Integrated with the pile-based floating PV project launched previously, it is the largest floating PV power station of Sinopec.

Sinopec Brings China’s First Floating Offshore Photovoltaic Project into Operation.

The Project is set to generate 16.7 million kilowatt-hours of green electricity annually and reduce carbon emissions by 14,000 tons. Serving as a pioneering initiative, it aims to promote floating photovoltaic projects in coastal and shallow sea areas within full-seawater environments.

Situated in a sea-connected water area, the floating PV utilizes the seawater surface to optimize space efficiency. Covering approximately 60,000 square meters with an installed capacity of 7.5 megawatts, the station features a zero-emission, high-efficiency, low-cost design. Its innovative structure allows the photovoltaic panels to synchronize with tidal elevations, reducing the distance between the panels and the water surface to about one-tenth of traditional pile-based structures. This design optimizes seawater cooling, enhancing power generation efficiency by 5-8% through the cooling effect.

Sinopec overcame the challenges of applying PV technology in seawater environments through three key innovations:

  • Durable Design: Specially engineered floats and supports resistant to salt mist corrosion and barnacle growth.
  • Robust Anchoring System: An underwater anchoring system designed to withstand wind speeds of up to level 13 and accommodate tidal variations of 3.5 meters, reducing investment costs by approximately 10% compared to traditional pile-based PV systems.
  • Enhanced Maintenance Accessibility: A streamlined inspection pathway for PV panels and cables positioned close to the water’s surface, significantly improving safety and lowering operating and maintenance costs compared to conventional systems.

Sinopec has previously established the country’s first “carbon-neutral” hydrogen refueling station and first industrial-scale seawater hydrogen production project. Now in operation, the Project serves as the most critical link in the company’s new energy industry chain to form a model of producing green hydrogen with PV-generated green electricity. Moving forward, Sinopec will further expand and construct a 23-megawatt floating PV project to strengthen the new energy supply capacity.

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SOURCE SINOPEC

LOS ANGELES, July 3, 2025 /PRNewswire/ — In a decisive move to demand fair treatment and a strong first contract, recently organized workers at EQ Environmental Services/Republic Services have voted overwhelmingly to authorize a strike. These essential workers, represented by Teamsters Local 396, are responsible for the safe transport of hazardous materials across Southern California.

The strike authorization vote sends a clear message to Republic Services: Teamsters are united and prepared to take action to secure the fair wages, benefits, and working conditions they deserve.

“These workers perform dangerous, high-stakes jobs that protect our communities and environment every single day,” said Victor Mineros, Secretary-Treasurer of Local 396 and Director of the Teamsters Solid Waste and Recycling Division. “They deserve a contract that respects their contributions — not lowball proposals and corporate stonewalling. The company must bargain in good faith.”

This vote is part of a growing wave of coordinated labor actions by Teamsters at Republic Services locations across the country, including Massachusetts, Illinois, and California. Republic Services is the second-largest waste and recycling company in the nation and continues to face pressure from Teamsters-represented workers demanding better treatment and respect on the job.

Teamsters Local 396 represents thousands of sanitation and transportation workers throughout Southern California. The local union is affiliated with the International Brotherhood of Teamsters, which represents over 1.3 million hardworking people throughout the United States, Canada, and Puerto Rico.

Contact:
Adan Alvarez, (323) 404-5939
adanalvarez@local396.net 

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SOURCE Teamsters Local 396

  • Agreement setting out the significant participation of Mishkeegogamang First Nation in the responsible development of the Springpole Gold Project in a way that seeks to minimize impacts on the environment and provides direct benefits to the community

  • Enhanced collaboration on aspects related to the environment, training, employment, business opportunities, and financial benefits

  • Agreement signed following a community-based consultation process

  • Commitment to a long-term, mutually beneficial relationship based on respect, inclusion, sustainability and responsibility

MISHKEEGOGAMANG FIRST NATION, ON, July 3, 2025 /PRNewswire/ – Mishkeegogamang First Nation (“Mishkeegogamang”, or the “First Nation”) and First Mining Gold Corp. (“First Mining” or the “Company“) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) are proud to announce that they have signed a Long Term Relationship Agreement (the “Agreement” or “LTRA“) covering the Springpole Gold Project (the “Springpole Project“, or the “Project“), located in northwestern Ontario.  The Agreement sets out a collaborative approach for the development of one of Canada’s largest gold resources, through construction, operations, and closure, in a manner that respects the environment and provides direct benefits to the First Nation.

Merle Loon, Chief of Mishkeegogamang First Nation, stated:

 “This agreement is the result of a five-year process of technical review, traditional knowledge study and relationship building with First Mining.  The agreement ensures that Mishkeegogamang’s interests will be represented in the development and operation of the Springpole Project and will deliver long term value by creating concrete opportunities for our community and our members. Together with First Mining, we are shaping the direction of a modern and long-term collaboration that is in keeping with our values.”

Dan Wilton, CEO of First Mining, stated:

“I would like to thank the Mishkeegogamang community and their leadership for the many years of hard work that they have put into information sharing, understanding and helping us shape and improve the plans for Springpole.  This modern agreement provides clear avenues for Mishkeegogamang’s participation in the development and operation of the Project from an environmental, cultural, economic and business opportunities perspective.  We thank the leadership of Mishkeegogmang for their openness, collaboration and trust and look forward to continuing to advance the Project as long-term partners.”

Following a process agreement signed in 2021 between Mishkeegogamang and First Mining, the LTRA was negotiated along with a community-based consultation process to ensure that the interests and concerns of the First Nation were taken into account. The LTRA includes provisions for Mishkeegogamang to take part in the Project’s environmental management and monitoring, the implementation of adaptive management and preferential training and employability measures, equity and participation in the economic upside of the Project, the promotion of business opportunities during the mine’s construction and operations, as well as the recognition of Anishnaabe culture and the inclusion of cultural safety measures. The LTRA also sets out the sharing of financial benefits from the Springpole Project.

About Mishkeegogamang First Nation

The people of Mishkeegogamang Ojibway Nation live in northwestern Ontario, around the area where the Albany River meets Lake St. Joseph. Today, just over 900 people live on its two reserves, while about 500 live off the reserve, either on Crown Land or in other communities. The traditional territory of the Mishkeegogamang Ojibway extends to the north, south, east and west, beyond the boundaries of Reserves 63A and 63B. The traditional territory is made up of the communities of the Main Reserve, Bottle Hill, Poplar Heights, Sandy Road, Doghole Bay, Rat Rapids, Cedar Rapids, Ten Houses, Eric Lake, Ace Lake, Metcalfe, Pashkokogan, Mile 50, Fitchie Lake, Mile 42, Mile 29, Menako, and the shores of Lake St. Joseph.

Mishkeegogamang changed back to its real name from “Osnaburgh” on November 15, 1993 by Band Council Resolution.

The Sucker, Loon, Caribou, Sturgeon, and Bear clans are represented among Mishkeegogamang members.

About two-thirds of the people in Mishkeegogamang speak and understand Ojibwe. The language is written in syllabics, and today it is also written using the English alphabet.

Mishkeegogamang is a signatory to the James Bay Treaty No. 9.

About First Mining Gold Corp. 

First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where we have commenced a Feasibility Study and permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests including the Pickle Crow Gold Project (being advanced in partnership with Firefly Metals Ltd.) and the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.).

First Mining was established in 2015 by Mr. Keith Neumeyer, founding President and CEO of First Majestic Silver Corp.

ON BEHALF OF FIRST MINING GOLD CORP.

Daniel W. Wilton
Chief Executive Officer and Director

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “intends”, “estimates”, “envisages”, “potential”, “possible”, “strategy”, “goals”, “opportunities”, “objectives”, or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events.  All forward-looking statements are based on First Mining’s or its consultants’ current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation the Company’s business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, that may result in a slowdown or temporary suspension of operations at some or all of the Company’s mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company’s Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company’s SEDAR+ profile at www.sedarplus.ca, and in the Company’s Annual Report on Form 40-F filed with the SEC on EDGAR.

First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law. 

Cautionary Note to United States Investors 

The Company is a “foreign private issuer” as defined in Rule 3b-4 under the United States Securities Exchange Act of 1934, as amended, and is eligible to rely upon the Canada-U.S. Multi-Jurisdictional Disclosure System, and is therefore permitted to prepare the technical information contained herein in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the securities laws currently in effect in the United States. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

Technical disclosure contained in this news release has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101.

NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning the issuer’s material mineral projects.

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SOURCE First Mining Gold Corp.

NORWALK, Conn., July 3, 2025 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced a leadership transition within its North America operations. Mr. Cameron “Mac” Moore, Executive Vice President – North America, has departed the Company, and Mr. M. Jahangir Alam has been appointed as his successor, effective immediately.

About M. Jahangir Alam

M. Jahangir Alam is a seasoned leader in the North American renewable energy industry, with nearly three decades of experience spanning executive leadership, finance, and M&A. He has held key roles as an operator, financier, and advisor, and has been involved in transactions totaling over $12 billion in value.

Most recently at Boralex, Jahangir served as a key member of the senior leadership and led the establishment of the North American M&A team, development of strategic investor and investment banking relationships, and origination of bespoke transaction opportunities. Jahangir originated on a bilateral basis and led the acquisition of a controlling interest in a ~1 GW operating wind power portfolio, which was the largest ever acquisition in Boralex’s history. Through these transactions Boralex’s US asset base increased from 80 MW to 645 MW in less than three years.

Previously, Jahangir served as the CFO at Seventus, a wind power development firm, and the president of Alyra Renewable Energy Finance, an M&A advisory boutique he founded in 2003.

Preliminary Q2 2025 Operating Results

Emeren is also providing its preliminary financial updates for the second quarter of 2025. Based on currently available information, the Company expects the following:

  • A non-cash impairment of no less than $20 million on global property, plant, and equipment (PPE), primarily reflecting an updated fair value assessment of certain power station assets in accordance with U.S. GAAP.

Emeren expects to release its full financial results for the second quarter of 2025 around mid-August.

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com.

Safe Harbor Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company’s public filings with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K. All information provided in this press release is as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

For investor and media inquiries, please contact: 

Emeren Group Ltd – Investor Relations
+1 (925) 425-7335
ir@emeren.com

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SOURCE Emeren Group Ltd

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