HONG KONG SAR – Media OutReach Newswire – 25 August 2026 – Knitup, a design-to-manufacturing platform, is introducing a flexible production model tailored to the rapidly expanding global creator economy. As online creators move beyond basic print-on-demand merch, Knitup bridges the gap by offering custom, high-end knitwear with low barriers to entry.
Over 45% of online creators are diversifying revenue through direct product launches, but the creator apparel industry is still stuck in cheap screen-printed blanks that dilute premium IP. Top creators want to build fashion-grade consumer brands, but traditional fashion manufacturers requires high MOQs, long lead times, and technical literacy. High-end creators face a trade-off: basic promotional blanks or massive inventory risk on fashionable products. Knitup solves this by enabling creators with no technical know-how to go from idea to premium products with no minimum requirement. With the advantage of full creative freedom, zero inventory liability, and rapid replenishment cycles, creators can target the premium segment with offerings of BCI Cotton and sustainable merino wool sweaters and beanies, or even step into the luxury tier segment with cashmere cardigan, dresses and blankets.
“We created Knitup to empower the next generation of creators by making the capabilities of a fashion design house accessible,” said Dorothy Pun, Founder of Knitup. “Creators and designers are enabled to make better products with minimal capital outlay. Brands and the planet are saved the burden of inventories. The world sees more creativity and innovation.”
Knitup addresses bottlenecks around mass customization for any knitted products by automatically turning digital design into knitting data that goes straight to knitting machines. What usually takes hours can now take minutes.
Since launching its online design platform in 2022, Knitup has grown to serve over 1,000 brands, ranging from emerging labels to established global names. Key capabilities include:
No Minimums: Produce exactly what the market demands, precisely when it wants it, helping eliminate excess inventory.
Design Expression: Bring visuals to life, from detailed custom jacquards to classic solid stitches and crisp embroidery.
Creation Process, Edited: Styles are visualized using high fidelity virtual samples. No waste even if users over-design and kill many styles. All costed instantly. Guilt-free and simple. Also a perfect tool to get consumers’ feedback on social media.
Sustainable Yarns: Access to environmental friendly materials that deliver both quality and great hand-feel.
Agile Manufacturing: A frictionless three-week production lead time that allows brands to restock rapidly, introduce new styles at speed, or launch limited capsule collections in weeks.
From bold statement graphics to quiet luxury, Knitup makes conscious fashion accessible without sacrificing speed, quality, or creative expression. Hashtag: #Knitup #CreatorCommerce #PremiumKnitwear
The issuer is solely responsible for the content of this announcement.
About Knitup
Knitup is a new kind of design-to-manufacturing platform that caters to everyone, from visionary artists and makers to small businesses and even large global corporations.
We bridge the gap between creativity and commerciality by enabling easy access to a complex knitwear supply chain. Our deep heritage in manufacturing, combined with cutting-edge technology and extensive know-how, unlocks a world of possibility for a creator, brand, or business.
Ultimately, we believe in the power of self-expression. By providing the tools and resources for anyone to bring to life high-quality and sustainable products, we enable creativity to flourish everywhere. From fostering vibrant communities built on shared stories and collaboration, to established corporations venturing out into new avenues.
METRO MANILA, PHILIPPINES – Media OutReach Newswire – 25 August 2026 – Green GSM, an all-electric ride-hailing platform, today officially launched Premium Taxi, an upscale seven-seat taxi service in the Philippines. With an all-electric fleet of sophisticated and spacious VinFast Limo Green vehicles, the service is designed to deliver a comfortable and convenient travel experience, setting a new standard for the high-end electric taxi segment in the market.
Green GSM launches its Premium Taxi service in the Philippines.
As Green GSM’s second service tier in the Philippines after Green GSM Car, Premium Taxi offers a new mobility option for groups of up to six passengers, families, business travellers, passengers carrying multiple pieces of luggage, and customers seeking a smooth ride in a pleasant and relaxing environment.
The entire Limo Green fleet is finished in black to reflect its high-end positioning, making it easily recognisable and distinguishable from the existing Green GSM Car service, which features a cyan color scheme. Alongside its modern exterior design and spacious seven-seat configuration with three rows, each Limo Green is equipped with amenities including automatic air conditioning, dedicated air vents for the two rear rows, and an air filtration system that helps keep the cabin pleasant and fresh.
Green GSM’s Premium Taxi fleet exclusively uses VinFast Limo Green.
Alongside the three signature benefits of electric vehicle-zero emissions, no fuel odour and no engine noise-Green GSM’s Premium Taxi also delivers a five-star service experience through carefully-selected drivers who have received high ratings for service quality. Fares are transparently displayed through in-vehicle meters and on the Green GSM app, allowing customers to conveniently track their fares and trip information.
During its initial phase, Premium Taxi will operate in Makati, Taguig, Mandaluyong and Pasig City, serving travel needs across key business districts, commercial centres, hotels and transport hubs in Metro Manila. Customers can book through the Green GSM app, hail an available vehicle on the street, or contact the customer service hotline at 02-7777-8080.
VinFast Limo Green offers a spacious seven-seat configuration and a modern exterior design.
Ms. Le Thi Thu Trang, CEO of Green GSM Philippines, said: “Premium Taxi is not simply about providing more space. It is designed for journeys where comfort and attention to detail matter, from family trips and airport transfers to business engagements and special occasions. By combining the spacious interior of the VinFast Limo Green with professional drivers and Green GSM’s five-star service standards, we aim to give Filipino customers a high-end mobility option that is thoughtfully-delivered from the moment they book until the journey ends.”
With Premium Taxi, Green GSM expands its all-electric mobility portfolio in the Philippines to better meet customers’ diverse needs. Going forward, Green GSM will continue to enhance service quality while consistently upholding its “5 Green Promises”, with standards of professionalism, transparency and attentive customer care, thereby contributing to greener urban transportation.
Hashtag: #GreenSM
The issuer is solely responsible for the content of this announcement.
GREEN GSM IN THE PHILIPPINES
As of March 31, 2026, Green GSM had completed nearly five million trips and more than 32.6 million kilometres in all-electric vehicles in the Philippines. These journeys are estimated to have contributed to reducing approximately 6,263 tonnes of CO₂ emissions, equivalent to the amount absorbed by nearly 289,000 trees in one year, demonstrating the cumulative value of everyday green mobility choices.
HONG KONG SAR; BANGKOK, THAILAND; SELANGOR, MALAYSIA – Media OutReach Newswire – 25 August 2026 – From 18 to 23 August, the CNPC E-Light Global Green Public Welfare Initiative was held in three locations: Hong Kong, China; Bangkok, Thailand; and Selangor, Malaysia. Themed “Climate Action and Ocean Conservation”, the initiative focused on three key areas—ecological protection, green and low-carbon development, and transnational people-to-people exchange—carrying out mangrove-planting activities, participating in exchanges at the World Sustainability Forum, and engaging with experts, scholars, and local residents in dialogue on ecological civilization to advance green and sustainable development.
During the period, the initiative brought together guests from government, business, cultural and educational sectors, as well as social welfare organizations across the three Asia-Pacific locations, attracting a cumulative total of more than 500 journalists, business representatives, and local community residents. Through multi-party collaboration and broad-based participation, the initiative set an example for international green public welfare and people-to-people exchange.
E-Light is an international communication brand innovatively developed by CNPC. With energy as its bond and culture as its bridge, the brand leverages cross-cultural exchanges, public welfare initiatives, public open days, and other practices to present, from multiple dimensions, the international image of Chinese energy companies as open, cooperative, and mutually beneficial. Since 2025, the E-Light brand has carried out 20 themed events in more than 20 countries worldwide.
In Hong Kong, China, the CNPC E-Light brand participated in the 12th World Sustainability Forum as a strategic partner. CNPC was invited to join the forum’s thematic dialogue, exploring pathways to sustainable development together with experts and scholars from home and abroad, and sharing the company’s practical achievements in urban energy security and low-carbon upgrading of energy infrastructure at a thematic sub-forum.
In Thailand, the CNPC E-Light initiative was held at Bang Pu Nature Education Centre in Samut Prakan, where mangrove-planting and ecological restoration activities were carried out, with local government representatives, members of the Thai community, and journalists participating in the event. On site, participants from all sectors jointly planted 180 mangrove saplings. Local resident Kollatee said after the event that she had genuinely felt CNPC’s commitment to environmental protection, and had gained a more direct understanding of the company’s active efforts to protect the environment and engage with the local community. Meanwhile, the CNPC E-Light Cultural Exchange Center (Thailand) was officially inaugurated at Nawamintrachinuthit Triam Udom Suksa Nomklao, a secondary school in Bangkok. Teacher Thanathip Sripal of the school said that through the event, everyone saw firsthand how friendly CNPC is, and students deepened their understanding of the importance of energy.
In Sijangkang Mangrove Park in Selangor, Malaysia, local government representatives, Chinese and Malaysian enterprises, journalists and business representatives, and community residents took part in the event, jointly planting more than 200 mangrove saplings to support the ecological protection and restoration of coastal wetlands. Prior to the event, CNPC had donated to and renovated the park’s boardwalk facilities, supporting local ecological development through concrete action. At the event, Suhaimi, director of the mangrove park, presented CNPC with a certificate of appreciation. Zang Wenbo, First Secretary of the Economic and Commercial Office of the Chinese Embassy in Malaysia, said that the cooperation between CNPC and Malaysia radiates the light of friendship, the light of cooperation, and the light of hope.
As an international integrated energy and chemical company, CNPC actively embraces ESG principles, continuously working with local governments, social welfare organizations, and partners across all sectors to steadily advance regional ecological protection and green and low-carbon development, build bridges for transnational people-to-people exchange and cooperation, and contribute to the joint development and shared benefits of global ecological civilization through pragmatic public welfare practices—fulfilling its role as an outstanding global corporate citizen.
HONG KONG SAR– Media OutReach Newswire – 25 August 2026 – The Hong Kong Designers Association (HKDA) hosted the Hong Kong Design Summit cum BDA Brand Award 2026 Presentation Ceremony Gala Dinner at The Fullerton Ocean Park Hotel Hong Kong, bringing together an elite audience of 180 leading professional designers, creative industry pioneers, and corporate executives, this year’s flagship event serves as an authoritative platform celebrating excellence in design application, cross-sector matching, and strategic design-tech partnerships.
The Summit was honored to have Miss Yvonne Ip, Acting Commissioner for Cultural and Creative Industries, as the Guest of Honour. In her address, Miss Ip highlighted the power of design to drive business growth and emphasized that the Hong Kong Design Summit, now in its third year, has become a key platform for industry exchange and collaboration, bringing design talent and enterprises together through flagship initiatives like DesignMatch, to turn creative ideas into commercial results. The Hong Kong Designers Association has been a pioneering force in the local design ecosystem for half a century, and CCIDA is proud to partner with HKDA to nurture design professionals, accelerate industrialization, and help local enterprises expand into international markets — advancing Hong Kong’s creative economy together.
Chairman’s Welcome: Driving Real Impact Through Strategic Focus
Opening the evening gala, Ms. Mui Kinoshita, Chairman of HKDA, delivered a heartfelt welcoming address reflecting on the Association’s post-pandemic transformation and strategic vision.
Reflecting on the Association’s post-pandemic vision, Ms. Kinoshita highlighted HKDA’s core strategy—”Two Awards, One Summit, One Platform“—designed to deliver tangible benefits by recognising individual design excellence, honoring corporate design investment, and driving commercial partnerships through DesignMatch. She celebrated HKDA’s expansion from 900 to over 1,300 members, calling it a testament to industry trust. Honoring the Association’s 50-year legacy, she paid tribute to founding pioneers whose dedication laid the foundation for Hong Kong’s creative sector. She concluded with a passionate call for open dialogue and unified collaboration to build a stronger, more caring design industry for the next generation.
Star-Studded Gathering of Design Icons and Industry Leaders
The Gala Dinner was anchored by an extraordinary gathering of creative heavyweights, founding pioneers, and distinguished guests across the design, creative sectors, and corporate leaders. Joining Guest of Honour Miss Yvonne Ip and Officiating Guests, including Dr. Kan Tai-Keung, SBS, BBS, Former Chairman of HKDA (Tenure: 1986, 1987, 1988), Mr. Steve Leung, BBS, Chairman of Hong Kong Design Centre, Mr. Alan Cheung, MH, Chairman of Hong Kong Design Council, Federation of Hong Kong Industries, Mr. Kevin Yeung, Chairman of Hong Kong Fashion Designers Association, were celebrated global design icons and industry leaders who attended in strong support of the Summit, including Ms. Vivienne Tam, Designer and Founder, Vivienne Tam Fashion House, Mr. Tino Kwan, Founder and Principal Consultant of the Tino Kwan Lighting Consultants Limited, and Mr. Gu Wei, Head of AIGC Design Business, Alibaba International Digital Commerce Group. The evening was further graced by prominent design masters, industry executives, and organisational representatives. Their presence, alongside premier corporate partners and judging leaders, underscored the unified strength and collective vision of Hong Kong’s creative community.
The annual event unfolds in two key segments: the Hong Kong Design Summit, featuring the Kick-off Ceremony, DesignMatch business matching, and a landmark MOU signing; followed by the BDA Brand Award 2026 Presentation Ceremony.
Hong Kong Design Summit 2026
The opening segment convenes industry leaders and creative professionals to foster commercial growth and educational innovation:
1. DesignMatch Business Matching Sessions: An exclusive, high-impact B2B networking initiative designed to bridge corporations and design professionals, driving immediate business opportunities and accelerating the translation of creative capital into commercial success.
2. Award-Winning Brands Showcase: A curated, high-visibility showcase where outstanding design firms and corporate awardees demonstrate successful project outcomes and share strategic market insights.
3. Strategic Tripartite MOU Signing: A milestone collaboration between School of Design, The Hong Kong Polytechnic University, Alibaba International Design, and Hong Kong Designers Association. The parties intend to explore opportunities for collaborative initiatives in design and AI-related education in the creative industry, as well as strategic collaboration for industry development across Hong Kong and the Greater Bay Area (GBA). Key potential areas of collaboration include: A) Joint development and delivery of academic and professional training courses (with AI courses as the initial program collaboration); B) Industry–academia partnerships to foster design-tech innovation and applied research; C) Co-organisation of training courses, flagship events, forums, and summits to promote design excellence and cross-sector collaboration.
BDA Brand Award 2026 Presentation Ceremony
The second part of the event highlights design leadership and commercial results through an elite evening program, the BDA Brand Award 2026 Presentation Ceremony. An elite gathering celebrating outstanding brand design applications and recognizing excellence across diverse industries. This year’s competition attracted 150 brand entries from diverse industries, further solidifying BDA’s authoritative position as one of Hong Kong’s top brand awards. The BDA Brand Award invites nominations from professional designers or organizations, with submissions evaluated by a panel of experts based on three aspects: brand story, development, and achievements. Additionally, five assessment criteria are considered: 1) Environmental & Social Impact, 2) Cultural Impact, 3) Innovation & Technology, 4) Brand Image, Identity & User Experience and 5) Market Performance & Value.
The awards celebrated winners across multiple categories, including 1) Best Branding Image Award, 2) Best Cultural & Heritage Award, 3) Best ESG Award, 4) Best Innovation & Technology Award, 5) Best Media & Communication Award, as well as Best Award, Grand Award, and the prestigious Best of the Best Award.
A professional jury panel comprised of esteemed first-round judges—Prof Anthony Kong (Assistant Professor, School of Design, The Hong Kong Polytechnic University), Mr. Kirin Leung (Founder, Kirin+lab), Mr. Joe Wong (Founder, Joe Wong Design), Mr. Kenny Li (Founder, FM+ Concepts & FAVEbyKennyLi), and Mr. Jay Leung (Founder, Starz Group) as well as final-round judges—Ms. Mui Kinoshita (Chairman, HKDA), Prof. Viveca Chan (Founder and Chairman, WE Marketing Group), Ms. Hilda Chan (Chief Marketing Officer, HKSTP), Mr. Bosco Leung (Social Responsibility Lead, MTR Corporation Limited), and Mr. Jimmy Li (Head of Brand Partnership, Harvey Nichols Hong Kong). The judges meticulously assessed submissions through a rigorous process, including an initial online evaluation and live presentations.
From a pool of 150 exceptional brand entries, the jury evaluated each brand’s overall excellence, market impact, and alignment with the selection criteria in their respective fields. It is with great pleasure that we announce Sino Group「GoCircular」as the winner of the Best of the Best Award and fwah! as the winner of the Best of the Best Award (Startups). These brands have demonstrated unparalleled excellence, and their selection as winners is a testament to their outstanding achievements.
Additionally, 14 outstanding brands have been recognized with the Grand Award, including (in alphabetical order)
1. a²CIRCLE x TENKA TAIHEI
2. Bone Studio骨子裡
3. BrainX
4. Cohere Design柏納遨天
5. DCH Living 大昌行生活
6. Gridword Communications Ltd
7. HKUST International Summer Campus
8. ISABELLE.C 伊裳
9. Leo Paper Group 利奧紙品集團
10. LOUDER
11. Mini Greeny Heroes
12. Jumbo Kingdom – Tai Pak Floating Restaurant 珍寶王國 – 太白海鮮舫
13. The Living Art
14. Tiger Circle
The full winner list of BDA Brand Award 2026 is listed on Appendix A.
Fostering Strategic Synergies and Future Growth
The 2026 Summit reinforces HKDA’s commitment to elevating design as a core commercial driver while empowering the next generation of designers through AI-driven education and regional integration. Through structured business matching, strategic academia-industry partnerships, and award recognition, the event continues to solidify Hong Kong’s position as a premier global hub for commercial design innovation.
For more details on the event and program updates, please visit the official website at https://www.hkda.hk/
Appendix A – BDA Brand Award 2026 Winners (*in Alphabetical order)
3. ESG VISA – The Global Passport for Sustainable Business
4. PARTYDAY
5. Silver Innovation
6. Starry Learning
7. Xinera by FoodTrack
Startups – Best ESG Award
1. ESG Visa
Startups – Best Cultural & Heritage Award
1. Tu by Tu
Startups – Best Branding Image Award
1. Excelsior interior design limited
2. EyeComfi
3. LegalOne Global Limited
4. 非遺美食 INTANGIBLE CULTURAL HERITAGE FOOD
5. Renovation Guide Consultant Limited
6. Ripple & Co.
Hashtag: #HKDA #BDABrandAward #BDA品牌大獎
The issuer is solely responsible for the content of this announcement.
About Hong Kong Designers Association (HKDA)
Established in 1972, the Hong Kong Designers Association (HKDA) was the first of its kind in Hong Kong and is a founding member of the Hong Kong Design Centre. Its core mission is to promote design’s public interest, cultivate young designers, and elevate the professional status of practising designers across sectors.
HKDA’s flagship programmes include the Global Design Award (GDA) (formerly known as Asia Design Awards), which has been celebrating outstanding global designs biennially since 1975; the Hong Kong International Poster Triennial (HKIPT), which has been documented the development of local and international poster design through competition, exhibition and symposium since 2000; the Sponsorship for International Design Awards (SIDA), a distinguished funding scheme for local designers and design-applying enterprises who are winners of international design awards, which has been running since 2011; Design X Technology (DXT), a progressive programme that integrates design and technology as core components in business strategy to drive innovation and competitive advantage since 2020; and BDA Brand Award (BDA) (formerly known as BDA Brand Design Awards), this award evaluates outstanding brand performance through a professional design lens, honoring long-term strategic commitment to design excellence, and was debuted in 2023, also other strategic initiatives including the Hong Kong Design Summit and the DesignMatch business matching programme connect design professionals directly with market demand across government, commercial, and industrial sectors.
With over 1,300 individuals and corporations in its diverse membership base, HKDA offers a wide range of membership options for professionals, associates, affiliates, students, and corporations that cover six design disciplines: Graphics, Spatial, Product, Digital, Fashion, and Education. Prioritising design excellence, education, technology integration, sustainability, business support, diversity, and inclusivity, HKDA has established itself as a vital platform for its members, as well as designers, businesses, and organisations throughout the Asia-Pacific region. Through its commitment to advancing these key areas, HKDA provides valuable resources, networking opportunities, and expert guidance to its members while also serving as a hub for innovation and collaboration in the design industry.
HKDA is committed to raising public awareness of the value and importance of design in society. It partners and collaborates with other design organisations and institutions worldwide, such as the World Design Organization (WDO) and International Council of Design (ico-D), to promote global design excellence, cultural diversity, and international design exchanges. By working with other design organisations on a global scale, HKDA aims to contribute to the development and advancement of the design industry, both locally and internationally.
Partnership creates new pathways for accountancy students in Guangdong to pursue the Singapore Chartered Accountant Qualification and gain professional exposure in Singapore
SINGAPORE – Media OutReach Newswire – 25 August 2026 – The Institute of Singapore Chartered Accountants (ISCA) and Guangdong University of Foreign Studies (GDUFS) have signed a Memorandum of Understanding (MOU) to strengthen Singapore–Guangdong collaboration in accountancy education and talent development, creating greater opportunities for GDUFS students in Guangdong to connect with the accountancy profession and pursue international professional pathways.
The MOU was signed in Singapore in conjunction with the 16th Singapore-Guangdong Collaboration Council (SGCC) Meeting, underscoring the strategic significance of the partnership and the growing links between Singapore and Guangdong in education, professional services and talent development.
Under the partnership, GDUFS’ Accounting, Auditing and Financial Management programmes will apply for accreditation under the Singapore Chartered Accountant Qualification (SCAQ) programme. Once accredited, graduates of these programmes will be eligible for fee waivers relating to five SCAQ Foundation Programme modules, providing a more streamlined pathway towards attaining the Chartered Accountant of Singapore, or CA (Singapore) designation upon fulfilling the remaining SCAQ requirements.
The partnership will also provide GDUFS students with opportunities to connect with ISCA and the wider accountancy profession, which includes industry and professional networks, events and activities. Students will have access to relevant ISCA membership opportunities and the relevant benefits, while those pursuing the SCAQ pathway will receive study support and opportunities such as internship and job-matching recommendations, SCAQ scholarships and access to ISCA’s publications.
The partnership reflects ISCA and GDUFS’s shared commitment to developing the next generation of accountancy professionals with the capabilities, professional networks and international exposure to contribute across markets.
The two institutions will also collaborate on professional learning and development, including guest lectures, workshops and seminars for GDUFS faculty, students and alumni, as well as access to ISCA publications and online resources. Continuous professional development collaboration via ISCA’s specialisation programmes in financial forensics, sustainability and subscription-based online learning platforms for accounting professionals will ensure GDUFS graduates remain updated on evolving industry standards and best practices.
ISCA President Mr Lee Boon Teck said: “Our partnership with GDUFS is about building stronger links between Singapore and Guangdong in accountancy education and talent development. By connecting students with professional pathways, networks and industry exposure and opportunities in Singapore, we hope to equip the next generation of accountancy professionals with the capabilities and international exposure ready to contribute in an increasingly interconnected business environment.”
Professor Yu Pengyi, Dean of the School of Accountancy at GDUFS, said: “This partnership with ISCA marks an important milestone in our internationalisation journey, creating new professional pathways and opportunities for our students. By combining our strengths in language and accounting education with ISCA’s professional expertise and networks, we look forward to developing globally minded accounting professionals who can contribute across markets.”
The five-year partnership provides a framework for ISCA and GDUFS to further develop cooperation in accountancy education, professional development and engagement with the accountancy profession. Hashtag: #ISCA #CharteredAccountants #DifferenceMakers #Accounting #Accountancy #MOU #GDUFS
The issuer is solely responsible for the content of this announcement.
Institute of Singapore Chartered Accountants (ISCA)
The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. Established in 1963, ISCA administers the Singapore Chartered Accountant Qualification programme and is the designated entity by the Singapore Ministry of Finance to confer the Chartered Accountant of Singapore [CA (Singapore)] designation.
ISCA supports over 46,000 members across industries in Singapore and globally, with members in more than 40 countries. With a growing international presence, ISCA has 12 overseas chapters, 7 offices across 10 countries and a network of over 150 strategic partners, strengthening professional connections and opportunities across borders. ISCA is also a member of Chartered Accountants Worldwide, a global network representing more than 1.8 million Chartered Accountants and students across over 190 countries.
ISCA advances professional development and lifelong learning through ISCA Academy, its training arm and drives community impact through ISCA Cares, its charity arm.
TAIPEI, TAIWAN & SINGAPORE – Media OutReach Newswire – 25 August 2026 – Empyrion Digital has closed a significant financial package for TW1, its 7MW data centre in Neihu, Taipei, with E.Sun Bank.
The financing is a key milestone for TW1 Empyrion Digital’s strategy of developing high-quality digital infrastructure across Asia’s key markets.
Located in Neihu, Taipei, TW1 is a carrier-neutral colocation facility designed to meet Taiwan’s growing demand for reliable, scalable and well-connected digital infrastructure. The facility will offer colocation solutions to enterprise, cloud and digital infrastructure customers with the capacity and connectivity to support AI deployment alongside their evolving compute needs.
Teruo Iwamoto, Chief Financial Officer of Empyrion Digital, said:
“Closing this financing is another important step in our growth in Taiwan. It reflects the strong fundamentals of TW1 and our financing partner’s confidence in the project and Taiwan’s broader digital infrastructure market. We thank E.Sun Bank, our advisers and all our partners for their support throughout the financing process.”
E.Sun Bank, said:
E.Sun Bank is pleased to support Empyrion Digital in the financing of TW1. As AI, cloud computing and digital services continue to grow, resilient and high-quality digital infrastructure is becoming increasingly important to Taiwan’s digital economy. E.Sun Bank is committed to leveraging its financial expertise to support quality infrastructure projects with long-term development potential. We look forward to building a strong partnership with Empyrion Digital as TW1 progresses.”
The financing underpins the continued development of TW1 as Empyrion Digital advances its data centre portfolio across Asia. The company remains focused on delivering strategically located, high-quality colocation infrastructure to meet the region’s growing demand for AI, cloud, connectivity and data-intensive applications.
Empyrion Digital thanks E.Sun Bank, its advisers and the wider project team for their contributions to the successful completion of this financing.
The issuer is solely responsible for the content of this announcement.
About Empyrion Digital
Empyrion Digital is a next-generation digital infrastructure platform committed to sustainable practices and operational excellence. Green-by-design, we develop and operate scalable, carrier-neutral AI-capable data centres for hyperscale and enterprise customers across Asia.
Headquartered in Singapore, Empyrion Digital is a portfolio company of Seraya Partners, a leading Asia infrastructure fund with USD 2.7 billion of assets under management.
For more information, visit www.empyriondigital.com.
London, United Kingdom – Newsfile Corp. – August 24, 2026 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres, today announced its unaudited financial results for the six months ended June 30, 2026.
Gorilla delivered a significant acceleration in revenue and a marked sequential improvement in reported operating performance during the second quarter. The outperformance was principally driven by earlier-than-anticipated delivery across multiple contracted customer programmes, enabling the Company to recognize the associated revenue ahead of its original expectations. This was complemented by continued execution across Gorilla’s broader portfolio.
Financial highlights
H1 revenue nearly doubled: Revenue increased 99.3% to approximately US$78.4 million, compared with US$39.3 million in H1 2025. Growth was driven by the scaling of Gorilla’s AI infrastructure and data-centre programmes, alongside continued delivery across its security intelligence, network intelligence and smart-city operations, including Egypt, Taiwan and Thailand.
Reported and adjusted operating performance: Gorilla reported an IFRS operating loss of approximately US$47.2 million for H1 2026, compared with US$9.1 million in H1 2025. The 2026 results included approximately US$25.4 million of stock-based compensation expense, US$4.0 million of downward fair-value measurement effects, US$2.0 million of debt-transaction costs and US$0.3 million of acquisition-related expenses. Adjusted EBITDA was a loss of approximately US$14.6 million, compared with adjusted EBITDA of approximately US$6.2 million in H1 2025.
Reported and adjusted net result: Gorilla reported an IFRS net loss of approximately US$46.9 million for H1 2026, compared with US$8.5 million in H1 2025. Adjusted net loss was approximately US$15.6 million, or US$0.58 per share, compared with adjusted net income of approximately US$6.3 million, or US$0.32 per share, in H1 2025.
Operating cash efficiency improved year on year: Net cash used in operating activities declined by approximately US$8.2 million, or 65.3%, from US$12.5 million in H1 2025 to US$4.3 million in H1 2026.
Cash position strengthened: Cash increased by approximately US$79.8 million during H1, driven principally by financing inflows and supported by customer collections. Gorilla closed the period with approximately US$179.4 million in cash.
Infrastructure investment accelerated: Gorilla deployed approximately US$14.1 million during H1 for the acquisition of property and equipment, including capital advances and project work-in-progress. Property and equipment, including capital work-in-progress, reached approximately US$29.4 million at June 30, 2026.
Comparative financial performance
Financial measure
H1 2026
H1 2025
Operating loss (IFRS)
US$(47.2)m
US$(9.1)m
EBITDA loss (non-IFRS)
US$(46.4)m
US$(8.4)m
Adjusted EBITDA (non-IFRS)
US$(14.6)m
US$6.2m
Net loss (IFRS)
US$(46.9)m
US$(8.5)m
Adjusted net income (loss) (non-IFRS)
US$(15.6)m
US$6.3m
Diluted loss per share (IFRS)
US$(1.74)
US$(0.43)
Adjusted diluted earnings (loss) per share (non-IFRS)
US$(0.58)
US$0.30
Statement from Jay Chandan, Chairman and Chief Executive Officer
“This is the clearest evidence yet that Gorilla has entered a different phase of scale,” said Jay Chandan, Chairman & CEO.
“In one year we managed to nearly double our first half revenue to US$78.4 million. Our second quarter revenue increased 78% sequentially and 138% year-on-year to US$50.1 million, while our reported operating loss narrowed by approximately 85% compared with Q1.
The progression matters. In the first half, we absorbed a significant share-based compensation charge largely tied to services rendered prior to 2025 and other significant accounting effects. With their removal during the first half of 2026, we are poised for an improvement in operating results.
We are now converting years of preparation into delivery at scale. We are investing in hardware, infrastructure, people and execution capacity because we see a substantial opportunity ahead of us. Infrastructure cannot be switched on like a tap. Equipment must be procured, installed, commissioned and integrated. Customers must migrate workloads and utilisation must then progress toward steady-state levels.
That investment is happening now. During H1, Gorilla deployed approximately US$14.1 million for the acquisition of property and equipment, while property and equipment, including capital work-in-progress, reached approximately US$29.4 million at June 30, 2026. We are building the capacity and delivery platform required to support a much larger business. Our priorities for the remainder of 2026 are unambiguous: bring more capacity into service, increase utilisation, expand the workloads we deliver for existing customers and convert additional demand into revenue. We are on track to meet previously announced delivery timelines. The objective is not simply to deploy hardware. It is to build long-term customer relationships around infrastructure, compute and associated services.”
Statement from Bruce Bower, Chief Financial Officer
“The first-half results demonstrate both the scale of Gorilla’s investment and the improvement in cash efficiency,” said Bruce Bower, Chief Financial Officer.
“On an IFRS basis, Gorilla reported an operating loss of approximately US$47.2 million and a net loss of approximately US$46.9 million. Adjusted EBITDA was a loss of approximately US$14.6 million, and adjusted net loss was approximately US$15.6 million. The reconciliation included below provides investors with the individual adjustments and their respective treatment.”
“H1 revenue increased 99.3%, while net cash used in operating activities declined by approximately US$8.2 million, or 65.3%, to US$4.3 million. Put simply, we nearly doubled revenue while reducing operating cash usage from 31.8% to 5.5% of revenue.”
“This improvement was achieved while Gorilla deployed approximately US$14.1 million during H1 for the acquisition of property and equipment. Cash deployment may increase as we fund equipment purchases, project-related deposits, construction and commissioning activities. These expenditures represent the planned conversion of liquidity into productive infrastructure and delivery capacity intended to support future revenue-not a weakening of our underlying operating discipline.”
“The Company recorded an overall increase in cash of approximately US$79.8 million during H1, driven principally by financing inflows and supported by customer collections. We closed the period with approximately US$179.4 million in cash. As this liquidity is deployed, our cash balance may fluctuate as we fund existing projects and build the capacity required to support future revenue.”
“We are investing ahead of the revenue and utilisation curve, but we are doing so from a position of substantial liquidity. Our priorities remain disciplined capital allocation, project execution, improved utilisation and the conversion of infrastructure investment into sustainable revenue and cash flow.”
Infrastructure investment and the path to steady state
Gorilla’s current financial profile reflects the deliberate acceleration of its AI infrastructure strategy.
Infrastructure projects require capital to be deployed before their full revenue and margin potential can be realized. Hardware procurement is followed by installation, commissioning, integration, customer onboarding, workload migration and utilisation growth. Consequently, expenditure and accounting recognition may precede steady-state revenue generation.
The Company’s priorities for the second half of 2026 are to:
Bring additional infrastructure capacity into service.
Increase utilisation across existing deployments.
Expand the range of workloads delivered for existing customers.
Onboard new customers and convert additional demand.
Develop a broader revenue mix across infrastructure, compute and associated services.
Maintain disciplined capital allocation and liquidity management while investing for growth.
Financial Outlook
Gorilla is increasing its Q3 2026 revenue planning range to approximately US$48 million to US$50 million, compared with its previous planning range of US$36 million to US$40 million. Gorilla now expects revenue for the 2026 fiscal year of at least US$200 million, raising the minimum from its previously announced range of US$160 million to US$200 million.
2027 guidance
Gorilla is targeting a revenue range of US$450 to US$500 million in 2027, with substantial gross margin improvement.
This objective is supported by the infrastructure being installed in connection with previously disclosed projects, the opportunity to increase utilisation, the potential to expand existing customer relationships and Gorilla’s pipeline of additional demand. The objective remains subject to execution, customer demand, deployment schedules and prevailing market conditions.
Financials
Gorilla Technology Group Inc. and Subsidiaries Condensed Interim Consolidated Balance Sheets (Expressed in United States dollars)
As of
June 30, 2026
December 31, 2025
Items
(Unaudited and Unreviewed)
Assets
Current assets
Cash and cash equivalents
$
179,361,146
$
99,532,115
Restricted deposits
45,933
5,298,442
Accounts receivable, net and contract assets
145,301,296
111,994,621
Other current assets
20,045,479
17,221,988
Total current assets
344,753,854
234,047,166
Non-current assets
Property and equipment, net
29,441,217
15,749,411
Right-of-use assets
1,055,377
1,091,526
Goodwill and other intangible assets
3,360,361
2,432,278
Deferred tax assets, net
5,201,078
11,938,173
Other non-current assets
6,072,360
6,624,980
Total non-current assets
45,130,393
37,836,368
Total assets
$
389,884,247
$
271,883,534
Liabilities and Equity
Liabilities
Current liabilities
Borrowings
$
10,221,241
$
10,391,379
Derivative liability
48,200,000
–
Accounts and other payables
91,708,655
46,042,759
Contract liabilities
1,523,600
1,305,644
Income tax liabilities
1,378,280
11,588,564
Other current liabilities
899,764
951,094
Total current liabilities
153,931,540
70,279,440
Non-current liabilities
Long-term borrowings
63,025,823
3,404,363
Deferred tax liabilities
827,315
652,782
Other non-current liabilities
1,246,054
1,467,110
Total non-current liabilities
65,099,192
5,524,255
Total liabilities
219,030,732
75,803,695
Equity
Share capital
27,664
26,356
Treasury shares at cost
(5,285,347)
(2,105,274)
Other equity
176,111,198
198,158,757
Total equity
170,853,515
196,079,839
Total liabilities and equity
$
389,884,247
$
271,883,534
Gorilla Technology Group Inc. and Subsidiaries Condensed Interim Consolidated Statements of Comprehensive Loss (Expressed in United States dollars)
Six Months Ended June 30,
2026
2025
Items
(Unaudited and Unreviewed)
Revenues
$
78,361,225
$
39,325,839
Cost of revenues
(74,516,947)
(25,877,004)
Gross profit
3,844,278
13,448,835
Operating expenses:
Foreign currency exchange losses, net
(2,594,853)
(11,552,001)
Stock-based compensation expenses
(25,426,746)
(472,642)
Other operating expenses
(23,003,400)
(10,494,639)
Total operating expenses
(51,024,999)
(22,519,282)
Operating loss
(47,180,721)
(9,070,447)
Net loss
(46,893,714)
(8,503,060)
Other comprehensive income (loss), net of tax
(748,898)
1,057,235
Total comprehensive loss
$
(47,642,612)
$
(7,445,825)
Basic and diluted loss per share
$
(1.74)
$
(0.43)
Gorilla Technology Group Inc. and Subsidiaries Condensed Interim Consolidated Statements of Cash Flows (Expressed in United States dollars)
Six Months Ended June 30,
2026
2025
(Unaudited and Unreviewed)
Net cash used in operating activities
$
(4,339,769)
$
(12,518,511)
Net cash used in investing activities
(12,675,421)
(4,852,819)
Net cash flows from financing activities
98,511,610
5,334,134
Effect of foreign exchange rate changes on cash and cash equivalents
(1,667,389)
448,200
Net increase (decrease) in cash and cash equivalents
$
79,829,031
$
(11,588,996)
Cash and cash equivalents at beginning of the period
99,532,115
21,699,202
Cash and cash equivalents at end of the period
$
179,361,146
$
10,110,206
Reconciliation of non-IFRS Financial Measures to IFRS Measures
In addition to its reported results in accordance with International Financial Reporting Standards (“IFRS”) followed by the Company, it has included in this release certain financial measures that are considered non-IFRS financial measures, including the following:
(i) Earnings before interest, taxes, depreciation, and amortization (“EBITDA”); (ii) Adjusted EBITDA; and (iii) Adjusted net income (loss) and adjusted earnings (loss) per share.
Reconciliation of Operating Loss to EBITDA and Adjusted EBITDA
Six Months Ended June 30,
2026
2025
(Unaudited and Unreviewed)
Items
(Amount in USD)
Operating loss (IFRS)
$
(47,180,721)
$
(9,070,447)
Add: Depreciation expenses
588,726
325,824
Add: Amortization expenses
181,200
317,806
EBITDA loss (non-IFRS)
$
(46,410,795)
$
(8,426,817)
Add: Foreign currency devaluation (1)
–
12,630,726
Add: Fair value measurement of financial instruments, net (2)
4,002,918
1,531,210
Add: Stock-based compensation expenses
25,426,746
472,642
Add: Acquisition-related expenses (3)
340,000
–
Add: Debt transaction costs (4)
2,044,673
–
Adjusted EBITDA (non-IFRS)
$
(14,596,458)
$
6,207,761
Reconciliation of Net Loss and Loss per Share to Adjusted Net Income (Loss) and Adjusted Earnings (Loss) per Share
Six Months Ended June 30,
2026
2025
(Unaudited and Unreviewed)
(Amount in USD)
Items
Amount
Per share
Amount
Per share
Net loss (IFRS)
$
(46,893,714)
$
(1.74)
$
(8,503,060)
$
(0.43)
Add: Foreign currency devaluation (1)
–
–
12,630,726
0.64
Add: Fair value measurement of financial instruments, net (2)
4,002,918
0.15
1,531,210
0.08
Add: Stock-based compensation expenses
25,426,746
0.94
472,642
0.02
Less: Tax effects of stock-based compensation expenses
(727,217)
(0.03)
(21,145)
–
Add: Acquisition-related expenses (3)
340,000
0.01
–
–
Add: Debt transaction costs (4)
2,044,673
0.08
–
–
Add: Amortization of acquired intangible assets (5)
171,000
0.01
171,000
0.01
Adjusted net income (loss) (non-IFRS)
$
(15,635,594)
$
(0.58)
$
6,281,373
$
0.32
Adjusted diluted earnings (loss) per share (non-IFRS)
$
(0.58)
$
0.30
Notes:
Foreign currency devaluation – effects of material depreciation of the Egyptian pound against the U.S. dollar.
Fair value measurement of financial instruments – includes effects of fair value measurement of stock warrants and derivative liabilities.
Acquisition-related expenses – includes expenses incurred for acquisition of Shackleton Finance Limited in June 2026.
Debt transaction costs – includes the portion allocated to derivative liabilities for one-time issuance costs incurred in connection with the convertible notes.
Amortization of acquired intangible assets – includes non-cash amortization expense related to acquired intangible assets.
About Gorilla Technology Group Inc. Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centers. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government and Public Services, Manufacturing, Telecom, Retail, Transportation and Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.
Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.
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. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our beliefs about the expected timing and amount of revenues that may be recognized under our existing contracts during the second half of 2026 and during 2027, our ability to sign new contracts and execute existing contracts, equipment deployment schedules and overall market conditions, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2026 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Investor Relations Contact Dave Gentry RedChip Companies, Inc. 1-407-644-4256 GRRR@redchip.com
The issuer is solely responsible for the content of this announcement.
XINYI, CHINA – Media OutReach Newswire – 24 August 2026 – In September 2025, the Huajiang Grand Canyon Bridge in Guizhou Province was open to traffic. This super project, “the world’s highest bridge both vertically and horizontally”, brought Huajiang Village, a once-quiet Bouyei ethnic village, its first full summer vacation season.
Since the start of the summer vacation, the village’s 15 homestays and 13 restaurants have been fully booked every day.
Guizhou Huajiang Grand Canyon Bridge, photographed in September last year (drone photo)
With the booming cool-climate economy, nowadays, Huajiang Village has seen idle farm houses turned into high‑end homestays, home‑cooked meals upgraded into special local delicacies, traditional crafts developed into cultural and creative products, and migrant workers returning home to start businesses.
The village has taken on a brand‑new look with concrete roads, tidy surroundings and growing popularity, and local people’s livelihood and happiness keeps improving.
The booming cool-climate summer tourism industry has successfully converted cultural‑tourism traffic into sustained development momentum, injecting strong impetus into comprehensive rural revitalization.
Hashtag: #GuizhouDongjingCultureCommunication
The issuer is solely responsible for the content of this announcement.
HOHHOT, CHINA – Media OutReach Newswire – 24 August 2026 – On August 22, 2026, the fourth annual Green Computing Power (Artificial Intelligence) Conference was held on the picturesque Cilechuan Grassland in Hohhot, Inner Mongolia. Centered on the theme “Building Synergy between Computing and Electricity, Exploring New Horizons in Token Economy, and Creating the Future of Artificial Intelligence Together,” the conference presented the latest research achievements, including the Green Computing Power Development Research Report (2026), and showcased pilot initiatives such as “millisecond-level urban computing” applications. Prominent companies, including ByteDance and Cambricon, signed a series of significant agreements valued at tens of billions, focusing on green intelligent computing centers and token factories.
The Horinger New District Intelligent Manufacturing Industrial Park
Why has the national computing power industry turned its attention here? Part of the answer lies in this vast grassland.
Wind turbine blades turn steadily, each rotation generating 12 kilowatt-hours of green electricity. Instead of feeding into the public grid, this clean energy is transmitted via a dedicated 41-kilometer line directly to data centers located tens of kilometers away.
Inside the machine rooms of these centers, rows of GPU arrays operate around the clock, powered mainly by wind and solar energy.
Training large-scale AI models utilizing tens of thousands of GPUs can consume over 100 million kilowatt-hours annually. For instance, the Hohhot Intelligent Computing Center, operated by China Mobile, incurred electricity costs of approximately 290 million yuan in 2025, accounting for more than 70% of its total operating expenses. In the competition for computing power, electricity costs proved to be a decisive factor. China’s strategic response includes the “East Data West Computing” project, which redirects the high computing demand from eastern regions to resource-rich western areas. The Horinger data center cluster in Hohhot is among the country’s top ten clusters.
The city is endowed with a combination of nearly optimal conditions for the selection of data center locations. With an average annual temperature of only 7°C and over 200 days per year suitable for direct outdoor air cooling, the center achieves more than 20% savings in cooling costs. At an electricity price of about 0.36 yuan per kilowatt-hour, a large-scale GPU cluster can save around 50 million yuan annually on power expenses. Currently, Hohhot’s total computing capacity reaches 150,000 P, with green electricity usage exceeding 80%.
However, the challenge lies in the “green” aspect itself.
Wind and solar power fluctuate with weather, while computing loads require an uninterrupted 24/7 power supply.
The local solution is an innovative “computing-electricity synergy” mechanism. China Huadian Corporation constructs a 360,000-kilowatt integrated wind-solar-storage power station, comprising 300,000 kilowatts of wind, 60,000 kilowatts of photovoltaic power, and energy storage capable of continuous four-hour regulation. A collaborative control platform collects data on wind output, solar irradiance, storage status, and computing load at millisecond intervals to dynamically allocate power: when green energy is abundant, storage systems charge and delay-tolerant computing tasks are prioritized; when green energy is limited, storage discharges, the public grid supplements power, and flexible tasks are deferred. This approach transforms power generation and consumption from a unidirectional supply model to a bidirectional interactive system.
On the consumption side, initiatives to minimize waste are also in progress. The Hohhot data center operated by China Mobile recovers waste heat from nearby power plants to provide cooling for machine rooms. The B02 machine hall has improved its Power Usage Effectiveness (PUE) from 1.315 to 1.209, resulting in annual electricity savings of 560,000 kilowatt-hours since commencing operations. Upon full operation of two machine halls, annual savings are projected to reach 10 million kilowatt-hours of electricity and 150,000 tons of water.
Operational teams are actively optimizing equipment deployment.
Today, 62 computing center projects have clustered here, including data centers of China’s three major telecom operators, 16 financial institutions, and computing nodes from Huawei, ByteDance, Kuaishou, and others. Upstream, 45 manufacturing enterprises produce servers, cabinets, and sensors locally. According to the recently published three-year action plan, by 2028, Hohhot aims to establish 10 token factories capable of producing 20 trillion tokens daily. At that time, customers will procure not only cabinets and bandwidth but also directly accessible intelligent services customized to their requirements.
The prairie winds remain constant, as does the city’s commitment to converting every kilowatt-hour of green electricity into stable and reliable computing power.
Hashtag: #Hohhot
The issuer is solely responsible for the content of this announcement.
Saguenay, Quebec – Newsfile Corp. – August 24, 2026 – First Phosphate Corp (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce that the Company has filed its updated Mineral Resource Estimate (“MRE“) Technical Report for the Bégin-Lamarche project located 50 km northwest of the City of Saguenay, Quebec, Canada (the “Deposit”).
The Technical Report titled “Technical Report and Updated Mineral Resource Estimate of The Bégin-Lamarche Phosphate Property, Saguenay – Lac Saint-Jean Region, Northern Quėbec” dated August 24, 2026, with an effective date of May 1, 2026, was prepared by P&E Mining Consultants Inc. in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and supports the disclosures made by the Company in its news release dated May 26, 2026. A full copy of the Report is available on the First Phosphate website at https://firstphosphate.com/projects/begin-lamarche-3 and can be found at SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile.
MRE Highlights include:
The updated MRE includes a 378% increase in Indicated Mineral Resources over the Company’s Initial MRE dated September 9, 2024.
Measured pit-constrained Mineral Resource: 6.2 Mt @ 7.70% P2O5 (phosphate).
Indicated pit-constrained Mineral Resource: 198.5 Mt @ 6.00% P2O5.
Inferred pit-constrained Mineral Resource: 89.5 Mt @ 6.16% P2O5.
The Deposit remains open at depth.
Metallurgical test work indicates an anticipated apatite concentrate grade of 40.4% P2O5 at an 88% process recovery rate, with very low levels of potentially deleterious elements, and has been qualified for production of battery-grade phosphoric acid for lithium iron phosphate (“LFP”) battery with a conversion ratio of 91.1%.
The Deposit is located next to existing road and hydroelectric infrastructure and at only 70 km driving distance from the deep-sea Port of Saguenay.
The Deposit benefits from definitive, long-term, partially prepaid offtake from an existing, creditworthy partner.
Apatite (phosphorus, phosphate) is listed on the critical minerals lists of Québec, Canada, the United States and the European Union.
The Bégin-Lamarche Deposit Updated Optimized Pit Shell
Qualified Person The Qualified Person, independent of the issuer, responsible for estimating the Mineral Resources of the Begin-Lamarche Property, within the meaning of NI 43-101, is Mr. Antoine Yassa, P.Geo., of the firm P&E Mining Consultants Inc. Mr. Yassa has read this press release and confirms that the scientific and technical information in this press release for accuracy and compliance with NI 43-101.
The scientific and technical disclosure for First Phosphate included in this News Release have been reviewed and approved by Steeve Lavoie, P.Geo. Mr. Lavoie is Chief Geologist of the Company and a Qualified Person under National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”).
About First Phosphate Corp First Phosphate (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is a mineral exploration and development and clean technology company dedicated to building and reshoring a vertically integrated mine-to-market supply chain for the production of LFP batteries in North America. Target markets include energy storage, data centers, robotics, mobility, and national security. First Phosphate’s flagship Bégin-Lamarche property, located in Saguenay-Lac-Saint-Jean, Québec, Canada, represents a rare North American igneous phosphate resource producing high-purity phosphate characterized by very low levels of impurities.
Forward-Looking Information and Cautionary Statements This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; and the calculation of mineral resources at the project and the possibility of eventual economic extraction of minerals from the project. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include development and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things: that engineering and construction timetables and capital costs for the Company’s, exploration, development and expansion projects are correctly estimated and not affected by unforeseen circumstances; the ability to obtain financing for its proposed operations on acceptable terms; no material deterioration in general business and economic conditions; no material delays in obtaining permits and other approvals; no significant disruptions affecting the activities of the Company or its ability to access required project equipment and services, and operating supplies in sufficient quantities and on a timely basis; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the ability to complete the exploration and development programs consistent with the Company’s expectations; commodity price expectations including assumptions for P2O5; the Company’s relationship with local municipalities and First Nations remaining consistent with the Company’s expectations; the Company’s relationship with other third-party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.
The issuer is solely responsible for the content of this announcement.
Knitup is a new kind of design-to-manufacturing platform that caters to everyone, from visionary artists and makers to small businesses and even large global corporations. 
https://www.linkedin.com/company/empyrion-digital/
