Researchers to Return to the Site of NORI’s Nodule Collection System Test to Assess Seafloor Ecosystem Function A Year After the Test

NORI’s $150 Million Environmental and Social Impact Assessment

The forthcoming campaign to assess seafloor impacts and recovery is the latest in NORI’s $150 million Environmental and Social Impact Assessment which has been underway for the past 11 years.

  • The upcoming offshore campaign is the latest in The Metals Company subsidiary NORI’s Environmental and Social Impact Assessment (ESIA) to characterise the potential impacts of proposed polymetallic nodule collection operations.
  • Scientists from several leading marine research institutions will undertake an array of studies on the site of last year’s nodule collection system test to gather further environmental data on ecosystem recovery and functioning.
  • Building on the rich data gathered from 20 offshore campaigns over the last 11 years, with cumulative ESIA spending of ~$150 million, this latest campaign will further support NORI’s application to the ISA for a commercial exploitation contract.

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) — The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provides additional details on the previously announced offshore campaign to revisit the site of last year’s nodule collection system test conducted by its subsidiary, Nauru Ocean Resources Inc. (NORI) with the objective to assess seafloor impacts and recovery rates twelve months after the test. The Company expects to commence the campaign in Q4 2023.

Researchers plan to return to the NORI-D area in the Clarion Clipperton Zone to collect further environmental data for NORI’s application for an exploitation contract, which it expects to submit following the July 2024 meeting of the International Seabed Authority, as well as to inform its Environmental Management and Monitoring Plan.

Specialized research teams will use an array of boxcore and multi-core samplers as well as various benthic lander systems to assess impacts to biota and ecosystem function on the seafloor in NORI-D. Engineers at the surface will control a Remotely Operated Vehicle to support high-precision placement of the sampling equipment in the area directly disturbed by the Allseas-designed pilot collector vehicle, as well as in areas adjacent to, and at various distances from, the site of last year’s integrated collection system trials.

TMC Environmental Manager Dr Michael Clarke, who is leading NORI’s ESIA, said: “As we bring together and process the wealth of data that we have gathered over the past 11 years, we’re using the additional time prior to our application submission to increase our knowledge base further. Building on observations from last year’s collector test monitoring campaign, the findings of this next campaign will greatly enhance the quality of our application and provide greater understanding for the regulator and stakeholders of how the abyssal ecosystem responds to our operations. This data will also be extremely valuable for our engineering teams as they refine the collection system to have a lighter touch.”

While on site, the engineering and science teams will also recover long-term oceanographic moorings and re-deploy two reference moorings from the NORI-D area before commencing long-term oceanographic monitoring on the TOML-F area held by TMC subsidiary Tonga Offshore Mining Ltd (TOML), which is adjacent to NORI-D.

NORI’s upcoming environmental campaign will add to the significant research that has been conducted in the deep sea. Since the late 1960s, over 300 hundred offshore campaigns have been conducted in international waters with over $2 billion invested in environmental baseline and impact studies and technology development, with most of the capital invested by private companies. To address knowledge gaps, research and investment have accelerated significantly since 2001 with governments and contractors like NORI spending over 6,000 days – the equivalent of almost 17 years – at sea, assessing the deep-sea environment.

About The Metals Company
The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the global energy transition with the least possible negative impacts on planet and people and (2) trace, recover and recycle the metals we supply to help create a metals commons that can be used in perpetuity. The Company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga. More information is available at www.metals.co.

Contacts
Media | media@metals.co
Investors | investors@metals.co

Forward Looking Statements

This press release contains “forward-looking” statements and information within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “aims,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “plans,” “possible,” “potential,” “seeks,” “will” and variations of these words or similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, TMC’s expectations with respect to the success of its upcoming offshore campaign, the results or outcomes of the campaign and the data generated during the upcoming offshore campaign respectively. The Company may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various factors, including, among other things: the Company’s ability to satisfy the closing conditions in the securities purchase agreement; the risk that the investors will not exercise the warrants issued or issuable as part of the Registered Offering; the Company’s ability to access additional funds under the unsecured credit facility, the ATM or otherwise; the Company’s strategies and future financial performance; the International Seabed Authority’s (“ISA”) ability to timely adopt the Mining Code and/or willingness to review and/or approve a plan of work for exploitation under the United Nations Convention on the Laws of the Sea (UNCLOS); the Company’s ability to obtain exploitation contracts or approved plans of work for exploitation for its areas in the Clarion Clipperton Zone; regulatory uncertainties and the impact of government regulation and political instability on the Company’s resource activities; changes to any of the laws, rules, regulations or policies to which the Company is subject, including the terms of the final Mining Code, if any, adopted by ISA and the potential timing thereof; the impact of extensive and costly environmental requirements on the Company’s operations; environmental liabilities; the impact of polymetallic nodule collection on biodiversity in the Clarion Clipperton Zone and recovery rates of impacted ecosystems; the Company’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the lack of development of seafloor polymetallic nodule deposit; the Company’s ability to successfully enter into binding agreements with Allseas Group S.A. and other parties in which it is in discussions, if any; uncertainty in the estimates for mineral resource calculations from certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty with respect to the specialized treatment and processing of polymetallic nodules that the Company may recover; risks associated with collective, development and processing operations, including with respect to the development of onshore processing capabilities and capacity and Allseas Group S.A.’s expected development efforts with respect to the Project Zero offshore system; the Company’s dependence on Allseas Group S.A.; fluctuations in transportation costs; fluctuations in metals prices; testing and manufacturing of equipment; risks associated with the Company’s limited operating history, limited cash resources and need for additional financing; risks associated with the Company’s intellectual property; Low Carbon Royalties’ limited operating history and other risks and uncertainties, any of which could cause the Company’s actual results to differ from those contained in the forward-looking statements, that are described in greater detail in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 27, 2023, as updated in our Quarterly Report on Form 10-Q filed with the SEC on August 14, 2023, as well as in other filings the Company may make with the SEC in the future. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether because of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f13bf44-1211-4174-891e-9553271ec596

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JETEX & SHELL AVIATION SIGN AGREEMENT FOR SAF SUPPLY TO PRIVATE AVIATION

Jetex and Shell Aviation bring sustainable aviation fuel (SAF) to the flagship private terminal in Dubai.

Dubai, United Arab Emirates, Nov. 08, 2023 (GLOBE NEWSWIRE) — Jetex, a global leader in executive aviation, is the first to offer SAF to customers in the United Arab Emirates. Building on the success of supplying SAF at selected locations in Europe, Jetex will now offer aircraft operators and private owners the possibility of significantly reducing emissions whenever they operate flights from its flagship private terminal in Dubai.

“Bringing SAF to the United Arab Emirates is a milestone achievement, and today I am pleased that we finally can offer this type of aircraft fuel to our customers in Dubai in partnership with Shell Aviation. It is even more important in light of 2023 being announced as the Year of Sustainability in the UAE as it cements our  ambition to reduce carbon emissions”, said Adel Mardini, Founder & CEO of Jetex.

As a safe and fully certified drop-in fuel compatible with existing aircraft fleet and airport infrastructure, SAF can be blended with conventional jet fuel at a ratio of up to 50%, creating an aviation fuel that is significantly lower in lifecycle carbon emissions. In its neat form, SAF can reduce lifecycle emissions by up to 80% compared to conventional jet fuel.

Doris Tan, General Manager Asia and Middle East, Shell Aviation, said: “To reduce emissions from flying, all parts of the aviation value chain need to play their part. This is particularly crucial for private business customers as they can create a concentrated, high-impact demand for SAF. Additionally, expanding the availability of SAF to new locations is equally important, which is why it’s been highly rewarding to work with Jetex to enhance our SAF capabilities in the Middle East by delivering SAF at DWC for the first time.”

Jetex’s environment strategy focuses on reducing carbon emissions, recycling and adapting the latest green technologies across its global network. The company’s efforts are aligned with IATA’s commitment to fly net zero by 2050 and achieving this requires a combination of maximum elimination of emissions at the source, offsetting and carbon capture technologies.

It is vital for the future of aviation to continue to address climate change and Jetex remains focused on playing its part to reduce the impact on the planet.

About Jetex:

An award-winning global leader in executive aviation, Jetex is recognized for delivering flexible, best-in-class trip support solutions to customers worldwide. Jetex provides exceptional private terminals (FBOs), aircraft fueling, ground handling and global trip planning. The company caters to both owners and operators of business jets for corporate, commercial and personal air travel. To find out more about Jetex, visit jetex.com and follow us on Instagram, Twitter, Facebook and LinkedIn.

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Oleg Kafarov - Vice President of Brand & Corporate Communications
Jetex
+971 4 212 4900
teamorange@jetex.com

GlobeNewswire Distribution ID 8975124

Nyxoah to Participate in the Jefferies London Healthcare Conference

Mont-Saint-Guibert, Belgium – November 7, 2023, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company will participate in the Jefferies London Healthcare Conference, which takes place November 14 – 16, 2023 in London.

Olivier Taelman, Nyxoah’s Chief Executive Officer, will deliver a corporate update on Wednesday, November 15, 2023, at 5:00pm GMT. A webcast of the presentation will be available on the Events section of Nyxoah’s Investor Relations website. The Company will also be available for 1×1 meetings with institutional investors attending the event.

Nyxoah’s Investor Presentation can be accessed on the Shareholder Information section of the Company’s Investor Relations page.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contact:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

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Owler Launches Owler AI to Maximize Sales Outreach Potential

SAN FRANCISCO, Nov. 07, 2023 (GLOBE NEWSWIRE) —  Owler, a Meltwater offering and the world’s most comprehensive community-powered business data and intelligence platform, today has launched a groundbreaking addition to its sales intelligence solution – Owler AI.

Owler AI is a revolutionary new sales writing tool that helps sales professionals draft emails, LinkedIn messages, and perfect voicemails.

This feature is designed to help sales professionals quickly and easily create impactful outreach messages that are tailored to their prospects. Each message can be modified to adjust for tonality, word count, type of outreach, and even provides suggested sales frameworks such as AIDA (Awareness, Interest, Desire, Action), PAS (Problem, Agitation, Solution), and more.

Powered by OpenAI’s ChatGPT, Owler AI uses current data, news and insights from Owler to help you craft engaging messages without having to activate ChatGPT independently.

Owler AI is the perfect tool for sales professionals of all levels. From sales leaders to entry level sales pros, Owler AI will help craft messages that are relevant, engaging, and worthy of a response.

“This is an incredibly useful feature for our customers,” said Owler Head of Marketing, Derrick Jenkins. “Owler AI serves a virtual sales writing assistant that will help sales reps when they struggle with what to say or where to start when creating outbound messages for new prospects”.

This new feature is exclusive to Owler Max subscribers.

For more information please contact:
Kelly Costello
Corporate Communications Director
pr@meltwater.com

About Owler

Owler – A Meltwater offering, is the world’s largest community-driven business information and insights platform. Owler provides exclusive firmographic and competitive data on over 15 million private and public businesses, curated from a community of 5 million business professionals. Owler helps professionals outsmart their competition with actionable insights and real-time alerts about the companies that matter to them. To learn more, visit corp.owler.com, call the US number at 1-650-242-9253, or email support at support@owler.com.

GlobeNewswire Distribution ID 8974468

Negros Occidental renews support for migrant workers, families

The Negros Occidental provincial government has pledged to continue supporting Negrense migrant workers and their families through various programs and projects as the province joins the observance of the Month of Overseas Filipinos this November. ‘Your stories inspire us all. Rest assured that your provincial government is committed to providing assistance and support to you,’ Governor Eugenio Jose Lacson said in his message during the opening of the Migrant Fair at the SMX Convention Center here on Wednesday. He acknowledged the efforts of government agencies and non-government organizations that provide relevant programs and services to overseas Filipino workers (OFWs), adding that the province will work with them in addressing the multi-faceted concerns of Negrense migrant workers. As part of its support, the province has been providing financial assistance to distressed OFWs and to the families of those who died abroad during the health pandemic. Lacson said the migrant workers sector is in the province’s ‘cash for work’ projects, and there are psychological counseling workshops initiated for them and their respective families. The provincial government also offers college scholarships for children of former migrant workers and a degree completion program for OFWs. Since 2020, it has partnered with the International Labor Organization (ILO) and the Center for Migrant Advocacy for the project called ‘Establishing and Institutionalizing a Gender-Responsive Migrant Resource Center Help Desks and Services for Women Migrant Workers in the Province of Negros Occidental.’ ‘We are the first province in the Philippines to have this project with the ILO,’ Lacson said. As the project implementation concludes this November, three local government units (LGUs), including the cities of Talisay and Victorias and E.B. Magalona town, have already set up their help desks. Several other LGUs have also established their own OFW offices or help desks, with some serving as separate offices while others are functioning as desks under the Public Employment Services Office (PESO). Under the project, the province has conducted training sessions on reintegration, labor rights, gender quality, leadership and advocacy skills development, and for case handlers, organized OFW summits and helped form OFW barangay and LGU federations. The province formed the Provincial Committee on Migration Development (PCMD), advocated by the Provincial Planning and Development Office in mid-2020. Along with the province’s ILO project, the PCMD has fostered a closer relationship with key government agencies such as the Overseas Workers Welfare Administration (OWWA), the Philippine Overseas Employment Administration (POEA) and the Department of Migrant Workers (DMW). ‘This collaborative coordination was evident when the province assisted in the online inquest on the death of a migrant worker from Sagay City in Hong Kong and on the death of Loreta Alacre of Cadiz City in Israel,’ Lacson added.

Source: Philippines News Agency

Joint panel proposed to assess PH health care system

A lawmaker on Wednesday proposed the creation of a joint committee from the Senate and the House of Representatives to find a targeted solution to the country’s ailing health care system. In filing House Resolution 1436, Marikina Rep. Stella Quimbo said a joint congressional committee on health systems should be convened to conduct a thorough review, assessment, and evaluation of the performance of the offices involved in providing access and financing of health care and would serve as the first step toward a potential overhaul of the system. Quimbo said the current state of the Philippine health care system is characterized by ‘poor health outcomes, lack of access to quality care, and inefficient allocation of resources.’ The proposed committee shall be composed of five senators and five representatives and will be co-chaired by the respective chairpersons of the Senate Committee on Health and Demography and the House Committee on Health. Quimbo said current trends show that four out of 10 registered deaths occur outside the care of a medical professional and that almost 93 percent of Filipinos choose to self-medicate instead of seeking professional help when they are sick. She also pointed out that despite a significant surplus in the resources of the Philippine Health Insurance Corp., members consistently complained of disproportionate amounts in reimbursements in hospitalization costs and failure to pay or long delays in payments. ‘Despite its noble intent, PhilHealth is yet to meet its targets,’ she said. ‘Almost half of patients covered by PhilHealth pay for their medical expenses out-of-pocket and that any reimbursements by PhilHealth are insufficient to cover hospital expenses.’ Quimbo emphasized the need to come up with a timelier approach to the current and quickly evolving health care situation. In addition to expanding access and financing, she said efforts should also be stepped up in data collection and health information sharing systems, which she deemed to be crucial in health care delivery. ‘There is a pressing need for an organized and contemporary approach to address the evolving challenges faced by the health care sector, particularly in light of the current times,’ Quimbo said.

Source: Philippines News Agency