Month: September 2026

LOUISVILLE, Ky., Sept. 17, 2026 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (Nasdaq: CHDN, “CDI,” “the Company”) announced today that it successfully priced its previously announced $500 million in aggregate principal amount of senior secured Term Loan B due 2033 (“2033 TLB”). The 2033 TLB priced at SOFR plus 175 basis points and issued at 99.875% of the principal amount.

CDI intends to use the net proceeds from 2033 TLB (i) to repay outstanding Term Loan B loans, (ii) to repay outstanding revolving loans, (iii) to fund related transaction fees and expenses, and (iv) for working capital and other general corporate purposes.

CDI intends to issue a conditional redemption notice to redeem the 5.50% Senior Notes due 2027 (the “2027 Notes”) 30 days after the notice is issued. CDI intends to fund the 2027 Notes redemption amount from its revolving credit facility.

The 2033 TLB is subject to customary gaming regulatory conditions. This press release is not a notice of redemption for the 2027 Notes.

About Churchill Downs Incorporated

Churchill Downs Incorporated (“CDI”) (Nasdaq: CHDN) has created extraordinary entertainment experiences for over 150 years, beginning with the Company’s most iconic and enduring asset, Churchill Downs Racetrack, the home of the Kentucky Derby and premier races of the Thoroughbred Championship Series. Headquartered in Louisville, Kentucky, CDI has expanded through the acquisition, development, and operation of live and historical racing entertainment venues, the growth of the online wagering businesses, and the acquisition, development, and operation of regional casino gaming properties. https://www.churchilldownsincorporated.com/

This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” “scheduled,” and similar words or similar expressions (or negative versions of such words or expressions), although some forward-looking statements are expressed differently.

Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit, including the impact of inflation; changes in, or new interpretations of, applicable tax laws or rulings that could result in additional tax liabilities; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, and related economic matters on our results of operations, financial conditions, and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; negative shifts in public opinion regarding gambling that could result in increased regulation of, or new restrictions on, the gaming industry; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation that competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and historical racing machine manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; cybersecurity risk, including cybersecurity breaches, loss or misuse of our confidential information as a result of a breach including customers’ personal information, or IT system operational disruptions, could lead to government enforcement actions or other litigation; costs of compliance with increasingly complex laws and regulations regarding data privacy and protection of personal information; reliance on our technology services and catastrophic events, system failures, errors or defects disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; increases to interest rates, disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; whether the objective of a strategic alternative review process will be achieved; the terms, structure, benefits and costs of any strategic transaction; the timing of any strategic transaction and whether any strategic transaction will be consummated on the terms proposed or at all; the risk that the announcement or exploration of strategic alternatives could have an adverse effect on our ability to retain key personnel and maintain relationships with partners, suppliers, employees, shareholders and other business relationships; the risk of any unexpected costs or expenses resulting from the exploration of strategic alternatives; the risk of any litigation relating to the exploration of strategic alternatives or any strategic transaction; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Contact: Sam Ullrich
(502) 638-3906
Sam.Ullrich@kyderby.com

TORONTO, Sept. 17, 2026 (GLOBE NEWSWIRE) — Allied Gold Corporation (TSX: AAUC; NYSE: AAUC) (“Allied” or the “Company”) is pleased to provide an update on the Kurmuk Mine (the “Kurmuk Mine”) in Ethiopia. As the Kurmuk Mine completes commissioning and transitions toward operations, it will become one of the Company’s premier gold mines, generating significant growth in gold production and cash flows. Connection to the national Ethiopian electrical grid, a significant milestone, has been completed, and first ore has been fed through the crushing circuit of the processing facility. Mining continues to advance as planned, with ore stockpiles building to support ramp-up to commercial production.

Highlights

• Grid connection. The power line connecting the Kurmuk Mine to the Ethiopian electrical grid has been successfully commissioned and energized, thereby marking a significant milestone toward the start of operations.
• First ore crushed. Earlier this month, first ore was delivered to the commissioned crushing circuit, thereby marking another important milestone for the Kurmuk Mine’s operational readiness.
• Mining and ore stockpiling. Mining activities continue to advance well and ore stockpiles are on track to support plant feed during ramp-up to commercial production.
• Commissioning progressing across the site. The Company expects to introduce first ore to the grinding circuit in the coming weeks with first gold to follow soon thereafter.

Power and Energization

The 88-kilometre-long power line connecting the Kurmuk Mine to the Ethiopian electrical grid has been successfully commissioned and energized, and is now supplying sufficient power to complete commissioning and advance ramp-up of operations. The 132-kV power line and related substations were completed by Ethiopian Electric Power (“EEP”) and provide the Company with electrical power at a fixed rate of approximately US$0.04 per kilowatt-hour, pursuant to a 20-year power purchase agreement with EEP, which supports the expected low production costs.

First Ore Through the Crushing Circuit

Earlier this month, first ore was fed through the crushing circuit. The full handover of the crushing circuit from the commissioning team to the operations team is now underway. The Company expects to introduce ore to the grinding and downstream circuits as commissioning of those systems is progressively completed.

Mining and Ore Stockpiling

Mining activities continue to advance well with ore stockpiles being established to support plant feed during ramp-up to commercial production and, in addition, exposed mineralized zones from mining show expected widths and grades. As of today, the Company is on track with mining activities and has established an ore stockpile of approximately one million tonnes, and stockpiled ore levels are planned to continue increasing to nearly 1.5 million tonnes, or three months of ore feed ahead of full circuit commissioning, which, together with ore available from ongoing mining activities, will provide ample ore feed to support a controlled, steady ramp-up into commercial production. As previously disclosed, mining will initially come from the Dish Mountain and Ashashire open pits which contain the entire current inventory of Mineral Resources and Mineral Reserves. Exploration efforts to expand mineral inventories and extend mine life by extending known deposits and discovering and developing new ore sources within the property are also progressing.

Commissioning Progressing Across Site

Individual systems are being completed, tested, verified against design parameters, and handed over from the construction and commissioning team to the operations team. The balance of commissioning activities continues to advance across the site, with the remaining electrical, instrumentation and systems testing well underway. The Company expects to introduce first ore to the grinding circuit soon with first gold expected shortly thereafter.

About the Kurmuk Mine

The Kurmuk Mine, located in the Benishangul-Gumuz region of western Ethiopia, represents the cornerstone of Allied Gold’s organic growth strategy. The mine is a conventional truck-and-shovel open-pit operation from two initial open pits with an equally conventional CIL processing plant. The mine currently contains 2.7 million ounces of Proven and Probable Mineral Reserves in Dish Mountain and Ashashire, which are the initial ore sources for production. Significant exploration opportunities across a prospective 1,450 km² land package are expected to increase the mineral inventories and mine life. Designed as a large-scale mining operation with access to low-cost grid power, the Kurmuk Mine is expected to become a significant contributor to Allied Gold’s production and cash flows with production guidance of 240,000 to 270,000 ounces in its first full year and approximately 300,000 ounces the following year and production averaging at least 240,000 ounces per year for an initial strategic target mine life of 15 years. Over its first four years of operation, the mine is expected to average approximately 290,000 ounces of gold production annually at industry-leading costs, while ongoing optimization initiatives and significant exploration potential provide additional operational flexibility and long-term growth opportunities.

Qualified Person

Except as otherwise disclosed, all scientific and technical information contained in this press release has been reviewed and approved by Sébastien Bernier, P.Geo (Senior Vice President, Technical Services), a Qualified Person as defined by National Instrument 43-101.

About Allied Gold Corporation

Allied Gold is a Canadian-based gold producer with a significant growth profile and mineral endowment which operates a portfolio of three producing assets and development projects located in Côte d’Ivoire, Mali, and Ethiopia. Led by a team of mining executives with operational and development experience and proven success in creating value, Allied Gold aspires to become a mid-tier next-generation gold producer in Africa and ultimately a leading senior global gold producer.

For further information, please contact:

Allied Gold Corporation
Royal Bank Plaza, North Tower
200 Bay Street, Suite 2200
Toronto, Ontario M5J 2J3 Canada

Email: ir@alliedgold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS

This press release contains “forward-looking information” under applicable Canadian securities legislation. Forward-looking statements are characterized by words such as “plan”, “expect”, “target” and other similar words. Except for statements of historical fact, information contained herein constitutes forward-looking information, including, but not limited to, statements related to the sequence, scope and completion of commissioning, ramp-up to commercial production and handover; the expectation that Kurmuk will become one of the Company’s premier gold mines, generating significant growth in gold production and cash flows; completion of EEP works, availability of grid power and the benefits of the power purchase agreement; ore availability for commissioning and ramp-up; the timing of first ore to the mill and first gold; the production outlook; future processing capacity and annual and mine-life gold production; expected industry-leading cost performance, exploration and expansion plans; the generation of cash flow, profitability and shareholder returns and improvements in the scale and quality of the Company’s portfolio; and the Company’s growth and shareholder-value objectives.

The material assumptions underlying these statements include timely completion of remaining commissioning and utility works and receipt of required approvals; sufficient and reliable grid power, water and other infrastructure; the availability of suitable ore at planned grades and metallurgical characteristics; plant performance, availability and recovery consistent with the mine plan; the availability of personnel, contractors, equipment, consumables and funding; and no material adverse changes in commodity prices, exchange rates, costs, or the regulatory, security and operating environment. Actual results may differ materially if these assumptions are not met.

Forward-looking information is based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and is inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include, without limitation, delays or interruptions in power supply and utility works; commissioning delays, equipment failures and an inability to sustain intended throughput or recovery; and risks and uncertainties related to the Company’s ability to meet its expansion and operational optimization goals, including production increases; risks relating to operating in emerging markets, particularly Africa, including risk of government expropriation or nationalization of mining operations; health, safety and environmental risks and hazards to which the Company’s operations are subject; counterparty, credit, liquidity and interest rate risks and access to financing; uncertainty in the estimation of Mineral Reserves and Mineral Resources; Allied’s ability to replace and expand Mineral Resources and Mineral Reserves; risks relating to partial ownerships and/or joint ventures at the Company’s operations; reliance on the Company’s existing infrastructure and supply chains at the Company’s operating mines; risks relating to the acquisition, holding and renewal of title to mining rights and permits, and changes to the mining legislative and regulatory regimes in the Company’s operating jurisdictions; the Company’s compliance with anti-corruption laws; title disputes or claims; risks relating to the termination of mining rights; risks relating to security and human rights; risks associated with processing and metallurgical recoveries; risks related to enforcing legal rights in foreign jurisdictions; risks related to the Company’s ability to service its debt obligations; fluctuating currency exchange rates (including the US Dollar, Euro, West African CFA Franc and Ethiopian Birr exchange rates); timing and possible outcome of pending and outstanding litigation and labour disputes; taxation risks; scrutiny from non-governmental organizations; labour and employment relations; repatriation of funds from foreign subsidiaries; the impact of global financial, economic and political conditions, global liquidity, interest rates, inflation and other factors on the Company’s results of operations and market price of the Company’s common shares; risks associated with financial projections; force majeure events; transactions that may result in dilution to common shares; future sales of common shares by existing shareholders; the Company’s dependence on key management personnel and executives; possible conflicts of interest of directors and officers of the Company; the reliability of the Company’s disclosure and internal controls; compliance with international ESG disclosure standards and best practices; vulnerability of information systems including cyber attacks; as well as those risk factors discussed or referred to in the Company’s current Annual Information Form and Form 40-F available under its profile on SEDAR+ at www.sedarplus.ca and www.sec.gov.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that could cause actions, events or results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates, assumptions or opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purpose of providing investors with information concerning the Company’s expectations and plans relating to its Kurmuk Mine, and may not be appropriate for other purposes.

CAUTIONARY NOTE TO U.S. INVESTORS REGARDING ESTIMATES OF MEASURED, INDICATED AND INFERRED MINERAL RESOURCES

This press release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ in certain material respects from the disclosure requirements promulgated by the U.S. Securities and Exchange Commission (the “SEC”). For example, the terms “mineral reserve”, “proven mineral reserve”, “probable mineral reserve”, “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are Canadian mining terms as defined in accordance with Canadian NI 43-101 and CIM Standards. These definitions differ from the definitions in the disclosure requirements promulgated by the SEC. Accordingly, information contained in this press release may not be comparable to similar information made public by U.S. companies reporting pursuant to SEC disclosure requirements.

Filing highlights commercial deployments, strengthened capital position and growing opportunity for rapidly deployable power infrastructure

BOCA RATON, Fla, Sept. 17, 2026 (GLOBE NEWSWIRE) — NOMAD Power Solutions (Nasdaq: NMAD) (“NOMAD” or the “Company”) (formerly LIXTE Biotechnology Holdings), an energy infrastructure company focused on rapidly deployable power generation and energy storage solutions, today announced that it has filed an amended Current Report on Form 8-K with the U.S. Securities and Exchange Commission providing expanded business and financial information following the completion of its merger with NOMAD Transportable Power Systems, Inc. in July 2026.

The filing includes a detailed description of NOMAD’s business, market opportunity, commercial deployments, audited historical financial statements of NOMAD Transportable Power Systems through the years ended December 31, 2025 and December 31, 2024, financial statements of NOMAD Transportable Power Systems as of June 30, 2026, pro forma combined condensed financial statements of NOMAD Power Solutions, and additional information regarding the Company’s operations and strategic growth initiatives.

“With the merger completed and additional capital in place, we believe NOMAD is well-positioned to expand commercial deployment of our transportable power platform,” said Geordan Pursglove, Chief Executive Officer of NOMAD Power Solutions. “Access to power has become an increasingly critical constraint for utilities, data centers, industrial facilities, and other large power users. We believe NOMAD’s ability to deliver utility-scale power rapidly and without waiting years for permanent grid infrastructure positions us to address an increasingly important need across the power market.”

Financial Highlights

• Following the July 2026 merger, NOMAD Transportable Power Systems received $16.5 million in cash, a portion of which was used to repay outstanding bank debt and other legacy financing obligations.
• Revenue increased to $9.4 million in 2025, up from $2.3 million in 2024 as NOMAD expanded commercial activity and product deliveries.
• Deferred revenue totaled $8.2 million as of December 31, 2025, providing visibility into future revenue recognition as contractual performance obligations are completed.
• The company reported a $9.5 million U.S. Department of Energy award supporting energy storage systems in rural Vermont.

Capital to Support the Next Stage of Growth

Pursglove continued: “The merger represented much more than a public listing for NOMAD. It provided capital to address legacy obligations and established a stronger foundation from which to pursue the significant growth opportunities we see across the power infrastructure market. We are particularly excited about applications where speed to power is becoming mission-critical, including AI and data-center infrastructure.”

A Rapidly Deployable Platform for an Increasingly Constrained Power Grid

NOMAD’s Voyager platform consists of containerized, transportable power and energy-storage systems designed to be delivered to a customer location, connected, and placed into operation in under one hour. The systems are designed to operate without the need for new permanent grid infrastructure and can be relocated across sites, applications, and geographic locations as power requirements change.

NOMAD is targeting applications such as utility grid resilience, peak shaving, backup and supplemental power for artificial intelligence and data-center facilities, renewable-energy integration, electric-vehicle charging, as well as for mining and other remote or off-grid operations. The Company’s commercial model includes equipment sales, third-party leasing, Energy-as-a-Service arrangements, OEM relationships with rental companies, and network operations center services. 

The Company believes demand for rapidly deployable power solutions is increasing as electricity demand grows and the timelines for connecting new generation and storage capacity to the grid lengthen. According to third-party data cited in the filing, approximately 2.3 terawatts of generation and storage capacity are awaiting grid interconnection, while median interconnection timelines have increased to five to seven years, creating a need for immediate solutions. 

Commercial Validation and Utility Deployments

NOMAD systems have been deployed and operated on live utility grids in the United States. The Company has reported that certain pilot deployments have since resulted in equipment purchases and multi-unit orders.

Among the deployments described in the filing, a peak-shaving installation for DSO Electric Cooperative has generated more than $150,000 in reported seasonal savings and has transitioned from a pilot program to an outright equipment purchase. Another NOMAD system supported customer operations during a six-hour planned utility outage in Vermont, demonstrating the platform’s ability to provide utility-grade power during service interruptions.

NOMAD’s customer, partner, and program relationships also include a California investor-owned utility, the U.S. Department of Energy, the Electric Power Research Institute, Missanabie Cree First Nation, Today’s Power, and SparkCharge. As previously mentioned, NOMAD was also awarded a $9.5 million U.S. Department of Energy grant to support the deployment of long-duration energy storage across five Justice40 communities in rural Vermont. 

About NOMAD Power Solutions, Inc.

NOMAD Power Solutions, Inc. is an energy infrastructure equipment and services company focused on the design, manufacture and deployment of transportable, utility-grade power and energy-storage systems. Through its NOMAD Transportable Power Systems subsidiary, the Company markets its systems under the Voyager platform. NOMAD’s systems are engineered to provide rapidly deployable, relocatable power capacity for utility, commercial, industrial and other applications where grid capacity is unavailable, constrained or uneconomical.

For more information, please visit https://ir.nomadpower.com/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical fact, including statements regarding NOMAD’s beliefs, expectations, plans, and intentions relating to the potential benefits, applications, utilization, market opportunity, and future development of its transportable battery energy storage systems, the anticipated timing, funding, and outcome of activities under DOE award DE-OE0000952, the company’s ability to access remaining amounts under that cooperative agreement, and Green Mountain Power’s continued use and evaluation of NOMAD’s technology, are forward-looking statements. These statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “plan,” “potential,” and similar expressions. Forward-looking statements are subject to risks and uncertainties, many of which are beyond NOMAD’s control, that could cause actual results to differ materially from those expressed or implied, including risks related to the timing, amount, and outcome of future DOE milestone, performance, and funding decisions, including that not all remaining funds under the cooperative agreement are guaranteed to be disbursed; NOMAD’s ability to perform under the DOE award; market acceptance and adoption of transportable energy storage technology; customer purchasing and deployment decisions; competition; supply chain and manufacturing execution; and other risks described in NOMAD Power Solutions’ filings with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. NOMAD Power Solutions undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.

Investor and Media Contact:

PondelWilkinson pwinvestor@pondel.com
Todd Kehrli: (310) 279-5961; tkehrli@pondel.com
Michael Wichman: (917) 526-0855; mwichman@pondel.com

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