Huawei’s David Wang: Innovation, Lighting up the 5.5G Era

SHENZHEN, China, July 18, 2022 /PRNewswire/ — At the Win-Win·Huawei Innovation Week, David Wang, Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board of Huawei, delivered a keynote speech titled “Innovation, Lighting up the 5.5G Era”. In his speech, Wang spoke about the next evolution of 5G technology, which the company has termed, 5.5G, and the industry’s innovation roadmap for the next five to ten years.

 David Wang, Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board of Huawei, delivering a keynote speech

David Wang, Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board of Huawei, delivering a keynote speech

“Looking ahead to 2025, the sheer diversity and magnitude of network service requirements will create huge new market potential,” said Wang. “We’re here to discuss these opportunities with operators and industry partners, and explore the innovations we need to help pave the way for 5.5G.”

Huawei proposed 5.5G for the first time at the 11th Global Mobile Broadband Forum in 2020, and F5.5G (or fixed 5.5G) at the Global Analyst Summit this April. Since then, the industry has been simmering with new ideas and best practices.

A wealth of new requirements will raise the bar for next-generation ICT infrastructure

According to Wang, new developments in digital technology need to support a truly real-time, engaging, and more immersive experience in the digital world, and gradually make a 10 Gbps network experience available everywhere on the planet.

On the industrial front, digitalization has already entered the fast lane. AI will be fully integrated into enterprise production processes, and the size of the 5.5G IoT market will grow rapidly. Collaboration between robots and people in complex scenarios will impose greater requirements on next-generation industrial field networks.

Currently, bottlenecks in computing, such as memory walls, unbalanced utilization of data center resources, and low energy efficiency, are hindering the rise of new computing demand. To address these challenges, the industry needs to innovate at the architecture and system levels to boost computing supply.

Six features of 5.5G – New value for digital life and development

The first is a 10 Gbps user experience. 5.5G will deliver a 10 Gbps experience through MIMO technology that boasts larger bandwidth, higher spectrum efficiency, and higher-order modulation. With next-generation technologies like FTTR, Wi-Fi 7, 50G PON, and 800G, F5.5G will bring a 10 Gbps experience everywhere.

At the event, Wang proposed Net5.5G for the first time, defining the evolution of IP networks to meet the rising demand for computing power by intelligent applications. “As digitalization takes hold, intelligent applications will see large-scale commercialization and computing resources will be located across multiple clouds,” said Wang. “Enterprises need to make use of computing power from multiple clouds at lower costs, with greater agility and flexibility. To this end, we need to keep innovating based on IPv6 to help the industry thrive. This is why we proposed Net5.5G.”

Second, the business scope will go beyond connectivity. 5.5G will go beyond connectivity to include sensing, which will result in a wealth of new scenarios and applications. Wireless sensing and fiber sensing technologies will be used in vehicle-road collaboration and environment monitoring. Passive IoT will integrate cellular and passive tag technologies to create 100 billion potential connections. 5.5G core networks will redefine architectures and foundational technologies to enable new service scenarios, such as industry private networks, industrial field networks, and new calling.

Third, diversified computing will enable diversified applications. In the 5.5G era, computing architectures will be redefined to increase computing efficiency by 10-fold through chip engineering and full peer-to-peer interconnection architectures.

Fourth, data-centric storage will break through existing limits in storage architecture. Future storage will improve storage performance by 10-fold through data-centric hardware and software architecture and diversified data application acceleration engines.

Fifth, full-stack AI native will make L4 highly autonomous driving networks (ADNs) a reality. ADNs have become a common goal of the industry. Full-stack AI native, from network elements to networks and services, will accelerate breakthroughs in ADN technology. The results of new innovation, such as compression algorithms for hundreds of network indicators and unknown fault identification by AI foundation models, will be widely applied in the 5.5G era.

Lastly, developments in green technology and system-level innovation will increase energy efficiency. The ITU-T has adopted Network Carbon data/energy intensity (NCIe) as the unified energy efficiency metric to guide the industry’s green development roadmap. Huawei has developed innovative solutions for green sites, green networks, and green operations to increase network capacity and cut energy consumption per bit. These solutions will empower operators in the 5.5G era.

“As we move towards the 5.5G era, all industry players need to work together to bring standards to maturity and cultivate a thriving industry,” said Wang. He proposed three recommendations to conclude his speech.

  • The industry needs to work closely together to define the vision and roadmap for 5.5G.
  • The industry should define technology standards within the standards frameworks set by 3GPP, ETSI, and ITU.
  • All industry players should work together to promote a thriving industry ecosystem by incubating more use cases and accelerating digital, intelligent transformation.

The Win-Win·Huawei Innovation Week is held from July 18 to July 21 in Shenzhen, China. Together with global operators, industry professionals, and opinion leaders, we dive into topics such as 5.5G, green development, and digital transformation to envision shared success in the digital economy. For more information, please visit: https://carrier.huawei.com/en/events/winwin-innovation-week.

Photo – https://mma.prnewswire.com/media/1861147/Huawei.jpg

‫شبكة تلفزيون الصين الدولية (CGTN): شينجيانج، محور تعاون الحزام والطريق

بكين, 18 يوليه 2022 / PRNewswire / — تُعتبر منطقة شينجيانغ الويغورية ذاتية الحكم جسر الصين إلى آسيا الوسطى، الشرق الأوسط وأوروبا، نظرا لموقعها الاستراتيجي باعتبارها الحد الغربي للبلاد.

تلعب هذه المنطقة دورُا حيويُا في مبادرة الحزام والطريق التي اقترحتها الصين ‎(BRI) ، وهي أطار عمل لشبكات التجارة والبنية التحتية التي تربط آسيا بأوروبا وافريقيا على طول وخارج المسارات القديمة لطريق الحرير.

وصف الرئيس شي جين بينج خلال زيارته إلى شينجيانج والتي استمرت من يوم الثلاثاء إلى يوم الجمعة المنطقة متعددة الأعراق بأنها “محور” في تعاون الحزام والطريق.

 لقد تحولت شينجيانج من منطقة نائية مغلقة نسبيا إلى صدارة الانفتاح، وفقا لما قاله الرئيس إلى الموظفين في منطقة ميناء أوروميتشي البري الدولي بعد ظهر يوم الثلاثاء، حيث تعمل البلاد على تعزيز التوسع في الانفتاح، وتطوير المناطق الغربية، والجهود المشنركة في بناء الحزام والطريق.

أكد الرئيس شي على المضي قدما في بناء المنطقة الأساسية للحزام الاقتصادي لطريق الحرير- مكون “الحزام” في مبادرة الحزام والطريق – وإدماج استراتيجية الانفتاح الإقليمي لشينجيانج في خطة البلاد الشاملة للتنمية باتجاه الغرب.

البوابات

في منطقة الميناء البري الدولي، قام شي بفحص العمليات الخاصة بالسكك الحديدية الصينية – الأوروبية السريعة (أورومتشي)، ميناء ألاشانكو وميناء هورجوس، وكلها بوابات مهمة للتجارة عبر الحدود.

هورجوس يتم ترجمتها حرفيا إلى “مكان تمر فيه القوافل”، كان يستخدم كمركز تجاري على طول الطريق الشمالي لطريق الحرير القديم.

 في عام 2016، أطلق الميناء خدمة قطاراتت الشحن بين الصين وأوروبا ، ومنذ ذلك الحين شهد زيادة منتظمة في عدد القطارات التي تمر من خلاله. على الرغم من تأثير جائحة كوفيد 19، فإن عدد قطارات الشحن بين الصين وأوروبا التي تدخل وتغادر عن طريق ميناء هورجوس تجاوز 4720 قطار في عام 2020، بزيادة قدرها 43 في المائة مقارنة بالعدد الإجمالي في عام 2019.

وفقُا لمسئولي الجمارك المحليين، فإن خدمات قطار الشحن بين الصين وأوروبا قد حظيت بتفضيل عدد متزايد من الشركات خلال الجائحة بفضل أسعارها المنخفضة، وقدرتها الكبيرة على النقل، والاستقرار الكبير والتواصل.

ميناء ألاشينكو والمعروف أيضا بأسم ممر ألاتاو، هو أقرب ميناء للسكك الحديدية في الصين إلى أوروبا. في يناير عام 2020، تم أطلاق التجارة الإلكترونية عبر الحدود في الميناء الداخلي وتم شحن سلع مثل الألعاب، والمنتجات الرقمية والملابس المصنعة في البلاد إلى أوروبا منذ ذلك الحين.

تُظهر البيانات الواردة من جمارك الميناء الداخلي أنه تم تصدير أكثر من 57 مليون طرد تجارة إلكترونية عبر الحدود تتجاوز قيمتها 1 مليار يوان (حوالي 160 مليون دولار أمريكي) عن طريق الميناء منذ يناير 2020.

وأثناء الفحص، سلط شي الضوء أيضُا على أهمية ابتكار نظام للأقتصاد المفتوح، وبناء ممرات كبيرة، والاستفادة بشكل أفضل من كل من الأسواق المحلية والدولية، والخدمة الفعالة والاندماج في النمط الجديد للتنمية.

طرحت الصين استراتيجية تنمية الغرب عام 1999، ومنذ ذلك الحين، حققت المناطق الغربية للبلاد تقدما ملحوظا. يشير النمو المتسارع للناتج المحلي الإجمالي في غرب الصين إلى تضييق فجوة التنمية بين شرق وغرب اليلاد.

https://news.cgtn.com/news/2022-07-16/Xinjiang-a-hub-in-Belt-and-Road-cooperation-1bHN4QKUUgw/index.html

فيديو – https://www.youtube.com/watch?v=04glRSnTovc

Triller Calls for Immediate Ban of TikTok Dubbing it Greatest Existential Threat to the Fabric of America

Triller Calls for Every American to Delete TikTok Today and the U.S. Government to Take Direct and Overdue Action to Ban TikTokTriller Calls for Immediate Ban of TikTok

Triller Calls for Immediate Ban of TikTok

LOS ANGELES, July 18, 2022 (GLOBE NEWSWIRE) — Triller calls on CFIUS, President Joe Biden, Congress the Department Of Defense to ban TikTok calling it the largest security threat to America today in open letter by CEO and Chairman of Triller Mahi De Silva.

As the CEO of a global company whose mission is to help creators take control of their destiny in the creator economy, leveraging transformative adaptive technology, I stand with a growing chorus of elected officials, regulators, intelligence officials, other global executives, and consumers who recognize the enormity of the devastating impact of TikTok on our society. The danger signs abound from the leaders of our intelligence community to the most versatile and connected technology journalists. Every American parent needs to ask what this social video app knows about their children and how those signals are used to get a deeper understanding of the location, preferences, and habits of their parents and the entire family. The petaflops of data sent from American TikTok users start with content preferences and location information that can quickly lead to the determination of home ownership, work, and vacation schedules and a host of much more granular data on every aspect of our American lives.

Today, we call for every American to remove TikTok from their devices immediately. Additionally, Triller calls on the U.S. government to take immediate action and ban TikTok and its Chinese-owned parent ByteDance. The stakes have never been higher.

Professor Scott Galloway’s recent piece, TikTok: Trojan Stallion, illustrated this deftly:

“The Chinese government has the power to access the data of private- sector companies whenever it wants. A wide range of laws makes this possible, including the Law of Guarding State Secrets: If you’re suspected of harboring sensitive state information, you must grant access. The state takes small ownership positions known as golden shares (that typically come with board seats) in businesses deemed strategic to the state. One of those golden share arrangements is with ByteDance. And though TikTok is not accessible to Chinese consumers, Chinese access to TikTok’s data is not in dispute. In June, Buzzfeed obtained over 80 audio recordings of internal TikTok meetings, confirming that Chinese management at ByteDance had unfettered access to TikTok’s data. A TikTok manager refers to an engineer in Beijing, known as the ‘Master Admin,’ who “has access to everything.”

This creates some meteoric concerns around TikTok in the United States.

The AI systems that drive the recommendation of short-form videos will be expanded to influence e-commerce and its associated supply chain, which, in turn, will shape and influence the future of American commerce. The Chinese-owned ByteDance and its agent in the United States, TikTok, already have the lion’s share of digital attention, where Americans spend up to 90 minutes a day scrolling through AI- recommended content, far more than the time spent on platforms like Google, Facebook, or Amazon.

More importantly, our concerns as Americans should extend beyond our wallets to the very backbone of our society: representative democracy and free speech. The AI systems controlled by Chinese- owner ByteDance and delivered via TikTok are the penultimate tool to influence our youth by shaping content and perceptions favoring a pro-China agenda.

It is clear that in the lexicon of technology, the signal-to-noise ratio for TikTok and its Chinese-owned parent ByteDance is all signal. It has become unavoidable that TikTok’s overweight position in the marketplace is not simply a threat within the creator ecosystem but a threat to our entire economy, because its Chinese owners don’t have to abide by the same rules as other platforms in this space. These present and future dangers threaten the whole of the American innovation economy.

We understand that some may counter that Google, Facebook, and Triller also collect a myriad of digital grains of sand on users; however, like every other U.S. company, Triller operates under the laws of the United States. It also may seem convenient for a company to call for the ban of the biggest company in its space. But at our core, Triller is about giving creators complete control over their content and their fan data — and ultimately … complete control of their destiny.

As Professor Galloway rightly concluded, we have, as a society, welcomed a foreign actor to seduce our children and dominate this market, and we have done so without objection.

Triller believes that must end.

As Triller has expanded to build the platform for creators and to lay the foundation for its first-of-its-kind Creator Platform, we have developed a far more profound understanding of the creator economy. Through our lens, which watches over 175 billion social media content items per quarter, covering over 2 million creators and 25,000 brands, we have witnessed that TikTok suppresses the content and contributions from Black creators, making that content invisible to its audiences. It is indisputable that the TikTok AI algorithm designed by ByteDance is the ultimate propaganda tool — and it is why India has banned the app from its citizens. Another example is TikTok’s role in the recent Philipino elections for Bong Bong Marcos, as detailed by Bloomberg. As the article expertly assigns culpability to TikTok’s role in rewriting the history of the Philippines, it should also be a clarion call for each of us to understand that exact mechanism is in each of our homes.

There is no doubt that TikTok plays a central role in enabling surveillance networks inside and outside China. The avenues that these technologies can access our lives are almost unlimited. This is a clear and present danger and a national security issue.

Look at the breadth of data that TikTok has access to and understands. Then, marry it with the broader concerns that our political leaders, intelligence community, and business leaders are raising — where there is smoke, there is fire.

Triller is pulling the fire alarm today.

We do not have time to waste.

Triller, the platform for creators by creators, has built a network of creator-first services and products. It has assembled a revolutionary ecosystem to serve the immediate and long-term needs of those who seek to share their passions with the world. While our focus is on the creator and the future of the creator economy, we believe the broader future of American innovation is at risk because of our continued indifference to this threat that is literally in our hands.

Join us today and take action. Join us and all clear-thinking, freedom- loving Americans who believe in free markets, creative freedom, innovation, and a future where we can direct our lives unhindered by dark forces.

Mahi de Silva
CEO
Triller, Inc.

About Triller:

Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform launched by Swizz Beatz and Timbaland; Amplify.ai, a leading customer engagement platform; FITE, a premier global PPV, AVOD, and SVOD streaming site; and Thuzio, a leader in B2B premium influencer events and experiences. Triller recently filed for an IPO expected to occur later this year.

About TikTok:

TikTok is a Chinese communist party trojan horse weapon of war disguised as a short form app that 80 percent or American children have downloaded on their phone. It can read, download, watch, copy, track and control any and all aspects of the phone the information of the owner and those close to it and sends the information back to America’s greatest enemy the China Communist Party. Make no mistake about it, TikTok is not a toy but one of the most advanced weapons of war to ever invade America.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca8bb25e-7e18-4071-846d-6d75cf7bfbe9


Triller PR

Brian O’Shaughnessy
brian@triller.co

تعيين الخبير النجم في الصناعة الجيومكانية مستشار استراتيجي أول في شركة أيه أيه أم، إحدى شركات وولبيرت

ملبورن، أستراليا، 18 تموز/يوليو 2022 / PRNewswire / —  انضم الدكتور ظفار صادق محمد غاوس، وهو خبير جغرافي مكاني حائز على العديد من الجوائز، إلى المراتب القيادية لشركة  أيه أيه أم، وهي إحدى شركات وولبيرت. . يعمل محمد غاوس كمستشار استراتيجي أول ضمن فريق القيادة الجيومكانية في وولبيرت، مما يعزز خدمات وقدرات الشركة الجيومكانية العالمية.

Zaffar Sadiq Mohamed-Ghouse, Ph.D., has joined AAM, a Woolpert Company.

يتمتع محمد غاوس بأكثر من 25 عامًا من الخبرة خلال عمله مع العديد من شركات الاستشارات الهندسية الدولية، والعمل في القطاعات الحكومية والأكاديمية والبحثية والشركات.  وقد شغل مناصب قيادية عليا في مؤسسات جيومكانية متعددة الأطراف، بما في ذلك شبكات إدارة المعلومات الجغرافية المكانية العالمية التابعة للأمم المتحدة ومجلس الصناعة الجيومكانية العالمي، وقاد مشاريع بملايين الدولارات لعملاء الحكومات الفدرالية والولائية في أستراليا ونيوزيلندا وماليزيا وإندونيسيا والهند والإمارات العربية المتحدة والمملكة العربية السعودية.  يوضح الأستاذ في جامعات الهند وأستراليا، محمد غاوس، كيف تعمل العلوم المكانية على تحسين البيئة المبنية.

وقال نائب رئيس شركة وولبيرت لمنطقة آسيا والمحيط الهادئ والمدير الإداري لشركة أيه أيه أم، بريان نيكولز، إن الخبرة الاستشارية الجغرافية المكانية الواسعة التي يتمتع بها محمد غاوس ستزود عملاء وولبيرت بحلول مصممة خصيصًا ومؤثرة.

وقال نيكولز: “أظهر ظفار قدرته على إحداث تغيير إيجابي في جميع أنحاء الصناعة، ونتطلع إلى العمل معه والتعلم منه والبناء على خبرته وتجربته”.

تم الاستحواذ على شركة وولبيرت في العام 2021. وقال جوزيف سيبي، نائب رئيس شركة وولبيرت الأول، إن إضافة محمد غاوس يوفر ميزة استراتيجية للشركة ويفيد عملاءها بشكل كبير في جميع أنحاء العالم.  وتحدث محمد غاوس عن الفرص التي يراها في الانضمام إلى وولبرت.

وقال محمد غاوس “إنه فريق مذهل ومتنوع ومتعدد الثقافات يتمتع بمهارات وخبرات فنية متنوعة”.  “أتطلع إلى العمل مع هذه المجموعة وتوسيع مجموعة خدماتنا الواسعة للنهوض بالصناعة الجغرافية المكانية.”

حول أيه أيه أم، واحدة من شركات وولبيرت

أيه أيه أم، وهي إحدى شركات وولبيرت، هي شركة تكنولوجيا جيومكانية، متخصصة في جمع وتحليل ودمج المعلومات الجغرافية المكانية.  نحن نؤمن بأن الخرائط والقياسات الرقمية تجعل عالمنا مكانًا أفضل.  من خلال التقاط وقياس وتقديم البيانات الجيومكانية، نساعد العملاء على اتخاذ قرارات أكثر استنارة في عالم يزداد تعقيدًا.  شركة وولبيرت شركة رائدة متخصصة في قطاعات الهندسة المعمارية والتصميمات الهندسية، وتقنيات الجغرافيا المكانية ( AEG ) والاستشارات الإستراتيجية، وتهدف الشركة إلى أن تصبح واحدة من أفضل الشركات في العالم في مجال عملها. وقد تأسّست الشركة في العام 1911 ، وأصبحت أسرع الشركات العاملة في قطاعات AEG نموًا في أميركا منذ العام 2015. وتضم الشركة أكثر من 1900 موظفً من 60 مكتبًا في أربع قارات. يرجى زيارة aamgroup.com و woolpert.com .

للتواصل الإعلامي:
 
ستيفن هندرسون، +61 431 090 338, s.henderson@aamgroup.com</2483><2489 > وجيل كيلي 937-531-1258، jill.kelley@woolpert.com

   رابط الصورة: https://mma.prnewswire.com/media/1860337/Zaffar_Sadiq_Mohamed_Ghouse_Woolpert.jpg

الشعار – https://mma.prnewswire.com/media/463993/Woolpert_Logo.jpg

 

   

Charles Lachaux Signs Exclusive Direct to Consumer Distribution Deal With Blockchain-Based Membership Wine Community Crurated

Crurated clients will have special access to Lachaux’s small production wines that are in high demand globally

Charles Lachaux, Golden Vines 2021 “best young winemaker on the planet”

Charles Lachaux, Burgundy’s most forward-thinking winemaker, announced an exclusive partnership with blockchain-based membership wine community Crurated. Lachaux’s celebrated and award winning wines, that are small production and in high demand all over the globe, will be sold exclusively to Crurated members.

LONDON, July 18, 2022 (GLOBE NEWSWIRE) — Charles Lachaux, Burgundy’s most forward-thinking winemaker, today announced an exclusive partnership with blockchain-based membership wine community Crurated. Under the terms of the deal, Lachaux’s celebrated and award winning wines, that are small production and in high demand all over the globe, will be sold exclusively to Crurated members. More details on the offerings and on Crurated membership can be found at www.Crurated.com.

For members special offerings will be released in multiple phases throughout the year. The first offering includes 1 mixed case of six appellations:

  • Bourgogne Aligoté, Les Champs d’Argent, 2021
  • Bourgogne Rouge, La Croix Blanche, 2021
  • Côte de Nuits Village, Aux Montagnes, 2021
  • Aloxe-Corton premier cru, Les Valozières, 2021
  • Nuits Saint Georges village, La Petite Charmotte, 2021
  • Nuits Saint Georges premier cru, Aux Argillas, 2021

Starting July 25th the wines will be offered to Crurated members through private sale.

“Innovation in winemaking is key to producing and distributing an exceptional bottle of wine,” said Charles. “For decades wine has been distributed to discerning wine lovers without an eye for how the process can be improved. Crurated streamlines access to rare wines and their use of blockchain and NFT technology provides buyers with the authenticity and provenance much needed in this industry. They are the ideal partner for us as we embark on a new age of direct to consumer wine sales.”

“Our team is fortunate to be working with the world’s greatest wines and winemakers and Charles Lachaux is no exception,” said Alfonso de Gaetano, Founder of Crurated. “Our blockchain-based technology platform has revolutionized the way rare wines are bought and sold. We are the first member-based wine community to offer full transparency and asset value protection. This model is already redefining the wine cellar far beyond the four walls.”

Each bottle will be accompanied with an NFT. Recorded forever on the blockchain, the NFT will verify the authenticity of the bottle and provide other important details including ownership history, vintage, vineyard location, varietal, and other key details. The NFTs are easily accessible by tapping on an NFC or RFID enabled phone. The bottle history is also updated via a new blockchain recording anytime the wine is resold and the token moves from one client to another.

Although Charles Lachaux wines will be sold directly to consumers exclusively through the Crurated platform, B2B restaurant sales will still be handled by distributors.

About Charles Lachaux
Charles Lachaux has made revolutionary changes to the viticulture at Arnoux-Lachaux, pushing the boundaries of Burgundian winemaking today. Described by Jancis Robinson as “a bright new star”, he embodies the new generation. In 2021 Charles was crowned “best young winemaker on the planet” at the Golden Vines Awards held in London. He is an advocate of high density planting, low yields and intensive vineyard work, which includes training his vines into long ‘arches’ rather than pruning their shoots. Lachaux represents the 6th generation to care for the family estate located in Vosne-Romanée (Côte-d’Or).

About Crurated
Launched in 2021 with an emphasis on France and Italy, Crurated is a membership-based wine community designed to connect connoisseurs directly with world-class producers. A team of specialists provides personalized services and authentic experiences, while Crurated’s seamless logistics service guarantees quality and provenance thanks to secure wine cellar storage and innovative blockchain technology. For more on Crurated, visit crurated.com.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/46bc59bd-f682-410f-94ff-03d5c0785b65

https://www.globenewswire.com/NewsRoom/AttachmentNg/c2c51c18-d26f-4042-bbd6-6eb2502e8f88

Contact:
Michael Volpatt
(415) 994-8864
michael@larkinvolpatt.com

‫ شبكة تلفزيون الصين الدولية (CGTN): تأكيد شي على تعزيز الشعور بالانتماء للأمة الصينية.

بكين، 18 يوليوز/تموز 2022 / PRNewswire / — وكما تقول كلمات أغنية شعبية في الصين، “ينتمي الإخوة والأخوات من 56 مجموعة عرقية إلى نفس العائلة”.

الصين هي موطن لـ 56 مجموعة عرقية، يشكل الهان الغالبية منهم بحوالي 91.5 في المائة من سكان البلاد، وذلك وفقًا لبيانات عام 2021. تعتبر منطقة شينجيانغ الويغورية ذاتية الحكم بشمال غرب الصين منطقة متعددة الأعراق منذ العصور القديمة وتضم أكثر من 45 مجموعة عرقية.

شدد الرئيس الصيني شي جين بينغ، وهو أيضا الأمين العام للجنة المركزية للحزب الشيوعي الصيني، على تعزيز الوحدة العرقية والتقدم وتعزيز الشعور بالانتماء للأمة الصينية خلال زيارته لمنطقة شينجيانغ الويغورية ذاتية الحكم من بعد ظهر الثلاثاء إلى صباح الأربعاء.

حماية ثقافات المجموعات العرقية المختلفة

قال شي عند مشاهدة عرض بعنوان “ماناس Manas ” من أقلية قيرغيز العرقية في متحف منطقة شينجيانغ الويغورية ذاتية الحكم، إن الحضارة الصينية الواسعة والعميقة تتكون من ثقافات بارزة من مجموعات عرقية مختلفة.

أدرجت العروض على أنها تراث ثقافي غير مادي.

وقال إن التراث الثقافي مثل “ماناس Manas ” هو كنز لكل من القيرغيز والأمة الصينية، وحث على بذل جهود أفضل للحفاظ عليها وتعزيزها.

جميع المجموعات العرقية في شينجيانغ لديها عناصر على قوائم التمثيل الوطني والإقليمي المستقل للتراث الثقافي غير المادي، ويخضع 133 موقعًا للتراث الثقافي لحماية الدولة، وفقًا لما جاء في الكتاب الأبيض الصادر عن المكتب الإعلامي لمجلس الدولة في البلاد العام الماضي.

قالت الصحيفة إن التقاليد الثقافية لجميع المجموعات العرقية في شينجيانغ محمية بشكل جيد، مع إعطاء أمثلة مثل الأحداث الثقافية الشعبية، مثل مهرجان فانوس هان Han Lantern ، و Uygur Meshrep ، و Kazak Aytes ، ومعرض Kirgiz Kobuz Ballad للغناء، ومعرض الندام المنغولي، ومهرجان Hui Hua’er Folk Song ، الذي لا يزال يحتفل به على نطاق واسع.

تحسين سبل العيش لجميع المجموعات العرقية

أثناء زيارته لمجتمع جويوانشيانغ السكني في منطقة تيانشان صباح الأربعاء، حث شي المسؤولين المحليين على تحسين الخدمات المجتمعية لصالح السكان من جميع المجموعات العرقية.

كما سافر الرئيس بعد ظهر الأربعاء إلى مدينة شيهيزي، حيث تفقد المسؤولين والعاملين في فرقة شينجيانغ للإنتاج والبناء، وهي مجموعة وصف وضعها بأنها “لا يمكن تعويضها”.

باعتبارها مكونًا مهمًا في منطقة شينجيانغ الويغورية ذاتية الحكم، فإن XPCC هي منظمة اجتماعية خاصة تتعامل مع شؤونها الإدارية والقضائية داخل مناطق الاستصلاح الخاضعة لإدارتها، وفقًا لقوانين وأنظمة الدولة والمنطقة. وتتولى مسئوليات فلاحة وحراسة المناطق الحدودية.

قال شي في حديثه إلى مسؤولي XPCC والعاملين فيه، إنه مسرور بالتقدم الكبير الذي أحرزته XPCC في الإصلاح والتطوير، وينبغي أيضًا أن يفخر مسؤولو XPCC وعمال الموظفين أنفسهم.

كما تَعرف على تاريخ XPCC في زراعة وحراسة المناطق الحدودية، فضلاً عن جهود الفيلق في تعزيز منظمات المستوى الأولي، وتطوير الزراعة المتخصصة، وتعزيز التنمية المتكاملة للفيلق والمناطق المحلية.

شهدت منطقة شينجيانغ الويغورية ذاتية الحكم تنمية اقتصادية مستمرة مع ازدهار الأعمال. سجلت شينجيانغ نموًا في الناتج المحلي الإجمالي بنسبة 7 في المائة في عام 2021، بإجمالي 1.6 تريليون يوان (حوالي 253.2 مليار دولار).

تم خلق إجمالي 477400 فرصة عمل في المناطق الحضرية في المنطقة، مما أدى إلى خفض معدل البطالة في المناطق الحضرية التي شملتها الدراسة بنسبة 1.1 نقطة مئوية إلى 2.2 في المائة، وفقًا لمكتب الإحصاء في منطقة الحكم الذاتي.

كما شدد الرئيس خلال الجولة التفقدية على رعاية المواهب وتنسيق استجابة كوفيد-19 مع التنمية الاقتصادية والاجتماعية وتعزيز التعاون بين الحزام والطريق.

https://news.cgtn.com/news/2022-07-15/China-urges-better-preservation-efforts-for-ethnic-minority-cultures-1bGeb7a8uu4/index.html

رابط الفيديو- https://www.youtube.com/watch?v=XKYlxXlTd9s

G Mining Ventures Announces US$481 million Financing Package for Tocantinzinho Gold Project

All amounts are in US dollars unless stated otherwise

  • Tocantinzinho Gold Project financed for construction
  • Existing cash on hand and committed capital from financing package totals over $535 million providing an estimated $81 million in cash and contingency
  • Continued support from Eldorado Gold via participation in equity financing
  • Franco-Nevada providing a $353 million full financing solution including stream, debt, and equity
  • La Mancha becoming strategic investor and long term partner who will hold 25.0% of common shares
  • Project early works on budget and nearing completion enabling full construction to commence in Q3-22
  • Detailed engineering and procurement phase progressing in-line with Feasibility Study estimates

BROSSARD, QC, July 18, 2022 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) is pleased to announce that the Corporation has entered into binding commitments with respect to a comprehensive construction financing package totaling $481 million for the development and construction of its 100% owned Tocantinzinho Gold Project (“TZ” or the “Project”). The Project remains on track to achieve production in the second half of 2024. Securing financing on schedule, despite a volatile market environment, represents a strong statement of support for the management team, as well as the technical and economic merits of the Project.

Financing Package Highlights – $481 million

  • $116 million equity financing via a private placement with strategic investors (the “Strategic Investors”) priced at C$0.80 per common share
    • $68.8 million investment by La Mancha Investments S.à r.l. (“La Mancha”)
    • $27.5 million investment by Franco-Nevada Corporation (“Franco-Nevada”)
    • $20.0 million investment by Eldorado Gold Corporation (“Eldorado Gold”)
  • $250 million gold stream with Franco-Nevada
    • Represents one of Franco-Nevada’s largest gold streams on a primary gold mine
  • $75 million senior secured term loan from Franco-Nevada
  • $40 million in equipment financing with Caterpillar Financial Services Limited (“Cat Financial”)
  • The gold stream and term loan financings are closed, and the remainder of the financing package is expected to close in Q3-22

Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, commented: “We are delighted to welcome two new cornerstone partners in Franco-Nevada and La Mancha who are committed to the long-term success and growth of GMIN. Their commitment, along with Eldorado Gold’s continued support, further validates the management team and the work done to advance the Project since its acquisition in 2021. Building on our positive Feasibility Study released earlier this year, this financing package marks the next step in the progression of GMIN and allows us to continue to unlock value at TZ. The imminent development of TZ will deliver value to our growing stakeholder group, including generating attractive job opportunities and economic prosperity in Pará State.”

Paul Brink, President & Chief Executive Officer of Franco-Nevada, commented: “We are delighted to support GMIN with this construction financing package. Tocantinzinho is an attractive project in a prolific district and located in a good jurisdiction. The GMIN team has a track-record as one of the most capable mine building teams in the industry.  The debt and equity investments that accompany our stream investment reflect our confidence in the capabilities of the GMIN team and in the potential of the project.”

Karim Nasr, Managing Partner of La Mancha Capital Advisory LLP, commented: “The La Mancha Group has a long track record of successful investments in the mining industry, and we look to build further on this track record with La Mancha’s investment in GMIN. We are impressed with the unique skillset of the management team, and with both the quality and potential of TZ. We look forward to being a part of GMIN’s journey towards becoming an intermediate producer through the development of TZ, and as the Corporation evaluates future growth opportunities beyond this initial Project.”

Overview of Project Financing

As detailed in the Feasibility Study published in Q1-2022, the initial Project capital cost is estimated to be $427 million, which is inclusive of $38 million of contingency (10% before taxes). After taking into consideration $49 million of payable taxes, the total funding required is $476 million. GMIN is eligible for $18 million of recoverable taxes and tax credits, which have not been deducted in calculating development capital required as this will only be received after the commencement of production.

As of June 30, 2022, GMIN has incurred capital expenditures of $21 million, resulting in remaining estimated capital costs of $455 million, or $417 million exclusive of $38 million of contingency. Procurement to date totaling $71 million is tracking on budget and has largely focused on major equipment for the process plant and mining equipment. GMIN is progressing well on its procurement strategy that focuses on maximizing Brazilian sources when sourcing equipment and supplies.

The total financing package of $481 million, combined with $54 million of cash on hand as at June 30, 2022, totals $535 million of available capital, and provides GMIN with committed capital sources in excess of the remaining estimated capital balance. It is estimated that $32 million of the equipment financing provided by Cat Financial will be utilized during the construction period, with $8 million to stay in reserve.

After taking into consideration corporate costs, working capital, and debt service, GMIN estimates cash and budgeted contingency totaling $81 million (18%), as detailed below.

Figure 1 – Sources and Uses of Funds Summary

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Financing Package Summary

In connection with the financing package, GMIN and Franco-Nevada have executed final documentation with respect to: (i) a definitive purchase and sale agreement under which Franco-Nevada (Barbados) Corporation will pay GMIN a deposit of $250 million to acquire a percentage of payable gold production from TZ, (ii) the provision by Franco-Nevada, through one of its wholly-owned subsidiaries, of a senior secured term loan in the principal amount of $75 million, and (iii) the purchase by Franco-Nevada, on a private placement basis, of approximately 44.7 million GMIN common shares at a subscription price of C$0.80 per share, for total proceeds of $27.5 million (C$35.8 million).

Concurrently, GMIN, La Mancha, and Eldorado Gold have executed final documentation with respect to the purchase by La Mancha and Eldorado Gold, on a private placement basis, of 111.9 million and 32.5 million, respectively, GMIN common shares at a subscription price of C$0.80 per share, for gross proceeds of $68.8 and $20.0 million (C$89.5 and C$26.0 million), respectively.

Equity Private Placement – Strategic Investors

  • C$151.3 million ($116.4 million) in equity financing, priced at C$0.80 per share, via a non-brokered private placement
  • La Mancha has agreed to subscribe for a total of 111,879,265 common shares of GMIN for aggregate proceeds of C$89.5 million ($68.8 million)
    • La Mancha will subscribe for 82,875,000 common shares on closing to hold 19.8% of GMIN’s common shares outstanding, and subscribe for a further 29,004,265 common shares to hold 25.0% following approval of the disinterested GMIN shareholders
    • GMIN and La Mancha will enter into an investor rights agreement that grants La Mancha the right to nominate two directors to GMIN’s Board of Directors, as long as La Mancha maintains a minimum ownership of 15%
    • Karim Nasr, Managing Partner of La Mancha Capital Advisory LLP, will be nominated on the closing date of the first tranche, with a second director to follow at a later date
    • La Mancha will be granted customary anti-dilution, registration, and information rights, and has agreed to a 24-month standstill period that includes restrictions on dispositions
  • Franco-Nevada has agreed to subscribe for 44,687,500 common shares of GMIN for aggregate proceeds of C$35.8 million ($27.5 million)
    • Franco-Nevada will hold 9.9% of GMIN’s common shares outstanding
    • GMIN and Franco-Nevada have entered into an investor rights agreement that grants Franco-Nevada a right of first refusal on any future royalty and stream sales by GMIN as long as Franco-Nevada maintains a minimum ownership of 5.0% of GMIN’s common shares outstanding
    • Franco-Nevada has also been granted customary anti-dilution rights and has agreed to a 24-month standstill period that includes restrictions on dispositions
  • Eldorado Gold has substantially exercised its anti-dilution right and has agreed to subscribe for 32,500,000 common shares of GMIN for aggregate proceeds of C$26.0 million ($20.0 million)
    • Eldorado Gold will hold 17.7% of GMIN’s common shares outstanding

Members of the Gignac Family, along with GMIN directors and officers (collectively “Insiders”) hold 34,722,869 common shares, which will represent 7.8% of GMIN’s common shares outstanding pro-forma the transaction. To further align with the Strategic Investors, the Insiders have agreed to a 24-month restriction on sales or transfers of any GMIN securities.

The private placement is subject to the acceptance of the TSX Venture Exchange (“TSXV”) and will be completed in two tranches, with the first tranche closing in July 2022. The second tranche, which will consist of the issuance to La Mancha of approximately 29.0 million GMIN common shares for proceeds of approximately C$23.2 million ($17.8 million), and which will be subject to a majority approval of the disinterested GMIN shareholders pursuant to the policies of the TSXV, is expected to close in Q3-22. At the time of writing, voting support agreements that comprise more than 45% of the disinterested GMIN shareholders have been entered into with the Strategic Investors and Insiders.

Gold Stream – Franco-Nevada

  • Deposit: $250.0 million
  • Deliveries: 12.5% of the gold production from TZ, reducing to 7.5% after delivery of 300,000 ounces
  • Ongoing Payments: 20% of the spot gold price at the time of delivery
  • ESG Initiatives: Up to $250,000 per year for four years for investment towards environmental initiatives and social projects in the communities surrounding TZ
  • Drawdown of the deposit is subject to satisfaction of certain customary conditions for a transaction of this nature

erm Loan – Franco-Nevada

  • Facility Amount: $75.0 million
  • Term: 6.0 years
  • Availability Period: Multi-draw facility available after the stream deposit is fully drawn, at GMIN’s discretion for up to 3.5 years
    • Standby fee on undrawn amounts of 1.0% per annum, which GMIN has the option of accruing and capitalizing for the first 2-year period
  • Coupon: 3-Month Term Secured Overnight Financing Rate plus a margin of 5.75% per annum pre-project completion, with the margin reducing to 4.75% after completion
    • 2-year interest deferral period during which GMIN has the option of accruing and capitalizing interest
  • Amortization: Principal, accrued interest, and accrued fees are repayable starting in December 2025 as follows:
    • 10 equal quarterly payments equal to 7.5% of the balance outstanding; and
    • Bullet payment equal to 25.0%
  • Original Issue Discount: 2.0% applicable on amounts drawn
  • Franco-Nevada will be granted 11.5 million warrants with a five-year term and an exercise price of C$1.90 per share
    • Exercise price equals the exercise price of the existing 37.5 million warrants issued as part of GMIN’s September 2021 financing, the only currently outstanding warrants
    • Warrants will have a cashless exercise mechanism to enable Franco-Nevada to avoid its holdings from exceeding 9.9% of GMIN’s common shares outstanding at time of exercise

Equipment Financing

  • Up to $40 million in equipment financing via a credit-approved term sheet with Cat Financial, for the supply of Caterpillar primary and ancillary mining fleet and construction machinery
  • Pending completion of final documentation, the Cat Financial lease financing will be available to the Corporation upon a final construction decision by GMIN’s Board of Directors and other customary conditions

Tocantinzinho Development Update

Since the most recent project update released on May 26, 2022, GMIN has advanced the following aspects of the Project:

Procurement

  • Procurement to date totals $71 million, is tracking on budget, and has largely focused on major equipment for the process plant and mining equipment
    • Procured equipment contains significant Brazilian content
  • Purchase orders for equipment with long lead times have been executed to achieve the construction schedule in order to achieve production in the second half of 2024
  • Equipment deliveries will be staggered over time with first machines delivered to site in September 2022
  • Primary mining equipment is currently being funded using cash on hand, but will be refinanced through the abovementioned $40 million equipment financing package

Power Supply

  • Detailed engineering of transmission line and Novo Progresso substation is complete

Construction – Early Works Activities

  • Exploration camp capacity has been increased to 350 beds with the addition of 10 dormitories
    • New water well, lunchroom and kitchen equipment in operation
  • Temporary explosives storage facility is progressing, with berms in place and fencing to be completed
  • The logistics base in Moraes Almeida is nearing completion
    • Once delivered, the facility will be managed by the logistics freight forwarder, which will allow for consolidation of goods for delivery to site
  • Access road upgrades have continued with the arrival of the dry season

Figure 2 – Expansion of Exploration Camp

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Figure 3 – Freight forwarder base in Moraes Almeida

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Figure 4 – Access Road Upgrade

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Tocantinzinho Benefit to Local Community

Local Employment

  • The Project is expected to create up to 1,200 jobs during the construction phase and over 600 permanent jobs during the operation stage
  • A minimum of 30% of employees are to be hired from the local communities of Itaituba, Morais Almeida, Jardim de Ouro and Mamoal
  • In addition to the training during the construction phase, GMIN plans to invest over 85,000 hours on internal training to develop the skills of the local workforce

Community Programs

  • GMIN provided internet access and IT infrastructure for Escola Municipal de Ensino Fundamental César Almeida, the local elementary and middle school of Moraes Almeida
    • The school has 1,700 enrolled students and 80 staff members
  • GMIN will support local community requests related to education, health and cultural initiatives through provision of funding and expertise
  • Franco-Nevada is providing up to $250,000 per year, for four years, for investment towards environmental initiatives and social projects in the communities surrounding TZ

Figure 5 – Mr. Severino, Director of Education of Itaituba, with Louis-Pierre Gignac

G Mining-4

 

 

 

 

 

Other Long-term Local Benefits

  • Creation of long-lasting shared infrastructure, such as the 190km transmission line
    • In addition to powering the project through 80% renewable energy, the transmission line will become part of the state utility infrastructure, providing reliable power to the region
  • Construction of a bypass road in Jardim do Ouro to improve safety by diverting heavy traffic from current industrial activities by other companies (and future GMIN operations) away from the village
  • GMIN will prioritize local procurement to enable capacity building and business development

Advisors:

BMO Capital Markets is acting as exclusive financial advisor to GMIN in connection with the La Mancha strategic investment. Stikeman Elliott LLP, Blake, Cassels & Graydon LLP, Grebler Advogados and Mattos Filho Advogados acted as GMIN’s legal advisors.

Timetable and Next Steps

With the financing package secured, the Corporation will be focused on the following activities:

  • Positive construction decision;
  • Finalization and results of 10,000-meter exploration and drilling program in Q3-22;
  • Completion of detailed engineering through H1-23; and
  • Expected first gold production in H2-24 with the first year of full production in 2025.

Feasibility Study 3D VRIFY Presentation

To view a 3D VRIFY presentation of the Study please click on the following link: Feasibility Study 3D VRIFY Presentation, or visit the Corporation’s website at www.gminingventures.com.

Tocantinzinho Financing Package Conference Call Details

GMIN will host a conference call to discuss the financing package.

Date: Monday, July 18, 2022

Time: 10:30 a.m. Eastern Time.

Participants may join the call as follows:

Dialing North American Toll Free: +1-888-506-0062

International: 973.528.0011

Access Code: 564993

Webcast URL: https://www.webcaster4.com/Webcast/Page/2892/46159

For those unable to participate, a web-based archive of the conference call will be available for playback through Tuesday, July 18, 2023 at the same Webcast URL above. Also, an audio replay will be available from 1:30 p.m. Eastern Time on Monday, July 18, 2022 through Monday, August 1, 2022. To access the replay, please call 1.877.481.4010 (U.S. & Canada) or 1.919.882.2331 (International) and enter confirmation code 46159 #.

Additional Information

For further information on GMIN, please visit the website at www.gminingventures.com or contact:

Jessie Liu-Ernsting

Director, Investor Relations and Communications

647.728.4176

info@gminingventures.com

About G Mining Ventures Corp.

G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Project in mining friendly and prospective Pará State, Brazil.

About Franco-Nevada

Franco-Nevada is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

About La Mancha and La Mancha Fund SCSp

La Mancha is a wholly-owned subsidiary of La Mancha Fund SCSp (the “Fund”), a Luxembourg based investment fund advised by La Mancha Capital Advisory LLP that is focused on investments in the precious metals and energy transition space.  La Mancha’s head office is located at 31-33 Avenue Pasteur L-2311 Luxembourg. La Mancha will file an early warning report in accordance with applicable Canadian securities laws, which will be available under GMIN’s profile on the SEDAR website at www.sedar.com, and may also be obtained by contacting Karim-Michel Nasr as provided for below.

About La Mancha Capital Advisory LLP

La Mancha Capital Advisory LLP advises the Fund on strategic investments made in publicly listed and private exploration, royalty, and mining companies with a global outlook. La Mancha Capital Advisory LLP is a long-term minded investment advisor, with a mandate to support mining companies to achieve sustained growth by providing long-term equity capital as well as operational and board level expertise, to further portfolio company performance and expansion.

La Mancha Capital Advisory LLP is an Appointed Representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).

Additional Information

For further information on La Mancha Capital Advisory LLP, please visit the website at www.lamanchacapitaladvisory.com or contact:

Karim-Michel Nasr

Managing Partner and Co-CIO

+44.203.960.2020

contact@lamancha.com

About La Mancha’s Subscription

On July 18, 2022, La Mancha entered a subscription agreement (the “Subscription Agreement”) with GMIN pursuant to which La Mancha agreed to subscribe for an aggregate of 111,879,265 common shares in the capital of GMIN (“Common Shares”) by way of a private placement at a price of C$0.80 per Common Share for aggregate cash consideration of C$89,503,412 (the “Subscription”).

Subject to satisfaction or waiver of all closing conditions, the Subscription will close in two tranches: (i) on or before July 29, 2022, La Mancha will subscribe for 82,875,000 Common Shares at a purchase price of C$0.80 per Common Share for aggregate cash consideration of C$66,300,000 (the “Initial Subscription”); and (ii) by no later than November 30, 2022, La Mancha will subscribe for 29,004,265 Common Shares at a purchase price of C$0.80 per Common Share for aggregate cash consideration of C$23,203,412 (the “Subsequent Subscription”).

La Mancha does not otherwise currently own or have control or direction over any Common Shares. Following completion of the Initial Subscription, La Mancha will beneficially own and have control and direction over an aggregate of 82,875,000 Common Shares, representing approximately 19.8% of the then issued and outstanding Common Shares of GMIN. Following completion of the Subsequent Subscription, La Mancha will beneficially own and have control and direction over an aggregate of 111,879,265 Common Shares, representing approximately 25% of the then issued and outstanding Common Shares.

At the closing of the Initial Subscription, La Mancha, and GMIN will enter an investor rights agreement, upon which La Mancha will be granted certain director nomination, anti-dilution, and registration rights. The Common Shares to be acquired by La Mancha on completion of the Subscription will be acquired for investment purposes. In the future, La Mancha may, from time to time, increase or decrease its investment in GMIN through market transactions, private arrangements, treasury issuances or otherwise.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Eldorado Gold currently owns 46,926,372 GMIN common shares representing approximately 18.2% of the outstanding GMIN common shares. Following and subject to completion of the purchase of 32,500,000 GMIN common shares by Eldorado Gold described above, Eldorado Gold would own 79,426,372 GMIN common shares representing 19.0% of the outstanding GMIN common shares upon closing of the first tranche, and 17.7% upon closing of the second tranche.

Eldorado Gold advises that the securities will be acquired for investments purposes. Eldorado Gold may, depending on the market and other conditions, increase or decrease its beneficial ownership of GMIN’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This disclosure is provided pursuant to Multilateral Instrument 62-104, which also requires an early warning report to be filed containing additional information with respect to the foregoing matters. A copy of the early warning report will be available on SEDAR under GMIN’s issuer profile at www.sedar.com and may be obtained upon request from Eldorado Gold by contacting Eldorado Gold at the contact information below.

Contact Information:

Eldorado Gold Corporation

1188 – 550 Burrard Street Bentall 5

Vancouver, British Columbia

V6C 2B5

Tel: 604.601.6656

Lisa Wilkinson

Vice President, Investor Relations

604.757 2237 or 1.888.353.8166

lisa.wilkinson@eldoradogold.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 press release.

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation:

  1. Those related to the Project financing, such as:
    • the closing of the financing package in Q3-22;
    • the fulfilment of all conditions to effect drawdown and receive the $250 million deposit under the Franco-Nevada gold stream;
    • the approval of the disinterested GMIN shareholders for the second tranche of the La Mancha equity placement;
    • the private placement acceptance of the TSXV;
    • the volume of gold deliveries under the Franco-Nevada gold stream;
    • the completion of ESG initiatives as per the Franco-Nevada agreements; and
    • the closing of the Cat Financial lease financing;
  1. Those related to the Project itself, such as:
    • commencement of full construction in Q3-22, subject to approval of the Board of Directors;
    • achievement of production in the second half of 2024;
    • on time deliveries of equipment and prioritizing of local procurement;
    • near completion of certain early works activities;
    • job creation during the construction period as well as the operation stage, notably through employment from local communities;
    • development of local workforce skills through training programs;
    • responsiveness to local community requests relating to education, health and cultural initiatives;
    • creation of long-lasting infrastructure; and
    • completion of drilling program in Q3-22, and of detailed engineering through H1-23;
  1. And, more generally, the President & Chief Executive Officer’s comments hereinabove and those of the Franco-Nevada Chief Executive Officer and La Mancha Capital Advisory LLP’s Managing Partner, as well as the contents of the above sections entitled “Timetable and Next Steps” and “About G Mining Ventures Corp.”.

Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, a USD:CAD exchange rate of 1.30 and also those underlying the items listed on the above sections entitled “Timetable and Next Steps” and  “About G Mining Ventures Corp.”.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, the Corporation will (i) close all components of its project financing as outlined in this press release, (ii) make a positive construction decision regarding the Project in 2022 or ever, (iii) bring the Project into commercial production or (iv) become an intermediate gold producer, as future events could differ materially from what is currently anticipated by the Corporation.

By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation’s other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation’s (i) Annual Information Form dated June 3, 2022, for the financial year ended December 31, 2021, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

UL Enterprise Launches New Brands

Three distinct organizations mark significant moment to continue 128-year history of safety science leadership

NORTHBROOK, Ill., July 18, 2022 /PRNewswire/ — Today, the UL enterprise revealed new brands for its three organizations — UL Research Institutes, UL Standards & Engagement and UL Solutions. The brands reflect and clarify the unique role that each organization plays in working for a safer world.

UL Research Institutes, UL Standards & Engagement and UL Solutions

“Our expertise in safety science has enabled the advancement of the human experience, including safety at work and home, for more than 128 years,” said James Shannon, board chairman, UL Research Institutes and UL Solutions. “While the brands signify a new era for each of our organizations, we share a history and the UL and Underwriters Laboratories names, which are synonymous with safety science leadership. Our brands may be evolving, but our commitment to working for a safer world is constant.”

The UL enterprise confronts safety challenges head-on, turning questions and hypotheses into discoveries, and innovating to ensure that scientific knowledge is applied. The three organizations’ capacity to create change is amplified by a distinctive network of researchers, engineers, technologists, government regulators, technical experts and business leaders to advance safety science.

Each of the three organizations — two nonprofit organizations and the commercial business — serves a distinct role in helping to advance safety science:

  • The UL Research Institutes brand signals its focus on rigorous independent research into ongoing and emerging human safety risks. As threats evolve and their consequences become more severe, UL Research Institutes pursues scientific discovery to advance public safety — marshaling resources to scan for and assess emerging human safety risks in areas such as autonomous systems and artificial intelligence.
  • The UL Standards & Engagement brand exemplifies its longstanding role as a critical facilitator of standards-related public-private partnerships around the world. UL Standards & Engagement translates data and safety science research into actionable, rigorous safety standards and drives safety advocacy campaigns focused on improving public safety.
  • The UL Solutions brand represents its commitment to partnering with customers and stakeholders around the world to help solve safety, security and sustainability challenges. A global safety science leader, UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth.

While the logos for the organizations have been updated to reflect the new brands, the existing UL Certification Marks, which signal high-quality performance and independent third-party safety, security and sustainability certification, will remain unchanged.

About UL Research Institutes
UL Research Institutes is a nonprofit research organization dedicated to advancing the Underwriters Laboratories public safety mission through scientific discovery and application. With best-in-class experts, we are the world’s premier safety science research organization.  We conduct rigorous independent research, analyze safety data and explore at the edges of technology to be the first to uncover and act on emerging risks to human safety.

About UL Standards & Engagement
UL Standards & Engagement is a nonprofit standards development and advocacy organization that translates data from safety science into practical, action-oriented safety standards. We convene experts worldwide and serve as a vital resource for regulators and policymakers. As a part of our public outreach activities, we share knowledge, advance standards-related safety policy partnerships and advocate for standards and regulations that result in positive safety changes.

About UL Solutions
A global leader in applied safety science, UL Solutions transforms safety, security and sustainability challenges into opportunities for customers in more than 100 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Certification Marks serve as a recognized symbol of trust in our customers’ products and reflect an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains and grow sustainably and responsibly into the future. Our science is your advantage.

Press contact:
Steven Brewster
UL Solutions
ULNews@UL.com
T 1+847.664.8425

Logo – https://mma.prnewswire.com/media/1860640/UL_Enterprise__Logo.jpg

‫ inq. تستحوذ على الملكية الفكرية لشركة Enea Edge للقدرة على التنسيق المتقدم

جوهانسبرج، يوليه 18، 2022 / PRNewswire / — أعلنت شركة inq . اليوم والتي تُعد أحد مقدمي الخدمة العالمية الرائدة للحلول المتقدمة، عن توقيع اتفاق مع Enea AB لترخيص الملكية الفكرية الخاصة بشركة Enea Edge من خلال ترخيص دائم لتطوير البرمجيات.

inq_Logo

Enea Edge هي عبارة عن منصة محاكاة افتراضية وإدارة للأجهزة الحديثة مثل الصندوق الأبيض uCPEs . تقدم المنصة الحد الأدنى من التأثير الملحوظ  وتركز على الفاعلية القصوى، وبصفة خاصة المحيط بتطبيقات الشبكات والتطبيقات المتطورة.

وبهذه المناسبة قال أنديل نجكابا، الرئيس التنفيذي لـ inq . « تعتبر الملكية الفكرية الخاصة بـ Enea Edge استراتيجية للغاية لـ inq . لقد عملنا بإخلاص من أجل أن نكون شركة رائدة متقدمة على مستوى العالم وشرعنا في الحصول على التطور كجزء من استراتيجيتنا الأساسية. وبينما كانت inq تركز بصفة أساسية على التطبيقات المتقدمة مثل AI، SDN، NFT ، و loT ، مع الملكية الفكرية المرخصة من Enea inq سوف نستطيع الآن الدخول إلى منطقة التنسيق المتقدم. » 

 من خلال الوصول إلى مجموعة أدوات تطوير البرامج والملكية الفكرية من Enea Edge ، فإن هذا يضع inq كشركة تكنولوجيا متقدمة ذات ملكية كاملة، بداية من الأجهزة والمراقبين المتميزين إلى التنسيق المتقدم والتطبيقات.

ومن جانبه صرح برامود فينكاتيش، الرئيس التنفيذي للتكنولوجيا لمجموعة inq . « تقوم inq في الوقت الحاضر ببناء خارطة طريق لمنتج من أجل ENEA Edge في مركز التطوير inq في الهند. وسنكون قادرين على تقديم الأعمال والخدمات الفنية إلي قاعدة عملاء ENEA Edge الحاليين وترتيب ترخيص لـ Global Telco و ISPs و MSPs من أجل نشر uCPE و الصندوق الأبيض. » 

عملت inq عن كثب على مدار العامين الماضيين مع Enea واستخدمت Enea Edge كأساس لبرنامج المحاكاة الافتراضية والإدارة للمنصة العالمية لمعدات مباني inq . سوف تسمح اتفاقية الترخيص هذه لـ inq ببناء خارطة الطريق الخاصة بها، والتي يمكن تقديمها أيضا إلى مستخدمي Enea Edge الآخرين.

تمتلك Enea Edge الإمكانيات التي يمكن استخدامها في بناء الشبكات الافتراضية، وعلى ذلك، يمكنها أيضا العمل مع مزودي خدمات الإنترنت ومشغلي شبكات المحمول في أوروبا وإفريقيا لتسريع المحاكاة الافتراضية لشبكاتهم ويمكن أن تلعب دورُا رائدُا كجزء من عمليات نشر الجيل الخامس من خلال توفير قاعدة التنسيق.

نبذة عن inq .

inq هي شركة شركاء ذوي هدف مشترك ( Convergence Partners company ) وهي الشركة العالمية الأولي في مجال تكنولوجيا الحاسبات المتقدمة والتي تأسست في أفريقيا لتقديم خدمات رقمية مبتكرة حسب الطلب وذات صلة بالأعمال التجارية ومثيرة للاهتمام. تربط inq أكثر من 1200 شركة من أبرز الشركات الرائدة في أكثر من تسع دول في القارة. وتشتهر الشركة بحلولها المبتكرة في مجال الملكية الفكرية وتقديم الأعمال والخدمات مثل Edge AI و loT و Fabric و SDN/NFV و Elastic Edge . وبصفتها مزود حلول متقدم ورائد في أفريقيا، تواصل الشركة في الاستثمار وتوسيع نطاق وجودها في القارة.

 الشعار – https://mma.prnewswire.com/media/1860169/inq_Logo.jpg

AUW Offers Hundreds of Scholarships for Afghan Women; Donates Essential Medicines for Kabul Hospitals

KABUL, AFGHANISTAN – Media OutReach – 18 July 2022 – Asian University for Women (AUW), based in Chittagong, Bangladesh, offered hundreds of new scholarships for Afghan women who are eligible and qualified for admission to AUW’s undergraduate or graduate programs.  During a four-day visit to Kabul, Kamal Ahmad, Founder of the Asian University for Women, met with Mr. Sher Mohammad Abbas Stanikzai, Acting Deputy Foreign Minister of Afghanistan and former head of the Taliban’s political office in Doha, Qatar, and made the offer.  He also handed over a gift of essential medicines for Kabul hospitals that was requested by the Afghan authorities.  Deputy Foreign Minister Stanikzai welcomed the AUW initiative and committed his support for the proposal.AUW-1

Afghan Deputy Foreign Minister H.E. Sher Mohammad Abbas Stanikzai presenting a gift of a plate of Lapis Lazuli to Kamal Ahmad for AUW as a token of his government’s appreciation of AUW’s support for Afghan women’s education.

Separately, Kamal Ahmad also held discussions with the Acting Minister of Higher Education; the Minister of Education; the Chancellor of Kabul University; and other senior government officials.  He also called on the Ambassador of the Organization of Islamic Cooperation (OIC) based in Kabul.

In addition to the scholarships, AUW has proposed to initiate a pilot online secondary school education program through which Afghan students studying at the AUW Graduate School of Education would run online classes following the Afghan national curriculum.  A new MOU is being prepared in this regard to be entered into between AUW and the Afghan Ministry of Education.  This pilot project would provide an opportunity for AUW Afghan Masters students to gain teaching experience while also enabling young girls to continue their education at home while the Afghan government determines its approach to girls’ and women’s education.  The Afghan Acting Minister of Education invited AUW to make a formal proposal in this regard and noted that his Ministry will be soon initiating a Directorate of Online Education.

It may be noted that AUW has been deeply engaged in education of Afghan girls and women from its inception.  Currently, about 170 Afghan women attend AUW on full scholarship.

About Asian University for Women (AUW):

Founded in 2008 and located in Chittagong, Bangladesh, AUW is the first of its kind: a regional institution dedicated to women’s education and leadership development through liberal arts and sciences education.  It is international in outlook but rooted in the contexts and aspirations of the people of Asia. Chartered by the Parliament of Bangladesh, AUW exists solely to support a rising network of women leaders, entrepreneurs, and changemakers from across the region. It seeks out women who show significant academic achievement and potential, demonstrate courage and a sense of outrage at injustice, and are empathic to the woes of other people.

1160 students from 17 countries currently attend AUW: Afghanistan, Bangladesh, Bhutan, Cambodia, China, India, Indonesia, Lao PDR, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Syria, Timor Leste, Vietnam, and Yemen. More than 85% of AUW students are on full or near-full scholarships funded by supporters from around the world. The University has graduated over a thousand students to date. A majority of AUW graduates secure employment in the private and public sectors in their home countries while about 25% go on to pursue graduate studies at other institutions of higher learning including Oxford, Cambridge, Johns Hopkins, Stanford, Columbia, Duke, Brandeis and Tufts, among others. To learn more about Asian University for Women, please visit https://asian-university.org.

Media Inquiries:

Tapu Chowdhury

tapu.barua@auw.edu.bd

+880-19-2667-3054