TORONTO–(BUSINESS WIRE)–Greenland Resources Inc. (Cboe CA: MOLY | FSE: M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that it submitted to the Greenland Minerals Licenses and Safety Authority an updated version of the Environmental Impact Assessment (the “EIA”) for the Malmbjerg Molybdenum Project in east Greenland (the “Project”) authored by WSP Danmark A/S.

The updated EIA incorporates the new legal provisions set under the Mining Act that came into effect in January 1, 2024 as well as numerous current studies and empirical results highlighted below. Although the EIA is not part of the requirements to obtain an exploitation license under the new Mining Act (where the Company expects positive news soon), it remains an important regulatory and industry requirement to advance towards production.

Executive Chairman Dr. Ruben Shiffman noted, “We have invested a great deal of care in the environmental aspects of our mine design. While most of the existing mines are old and have large environmental bonds posted with regulators due to more stringent current environmental rules than in the past; offer lower quality product and are far away from the EU (the 2nd largest Mo and Mg user where EU has no extraction), our Project offers high quality product, a new mine design, no environmental liabilities, and high sustainability with lower CO₂ vs existing mines in a like-minded EU associate country”.

Highlights of the updated version include:

• On environmental impacts of the Project, using an assessment risk scale of very low, low, medium and high, sixteen out of nineteen environmental impacts analyzed are assessed to be low or very low and four medium. On environmental risks due to accidents and natural disasters, all three risks analyzed which include risk of tailings disposal from the Tailings Management Facility (TMF), contamination of land and fresh water and contamination of the sea due to shipping accidents are assessed to be of low environmental risk.
• Results from an updated independent TMF feasibility study (2024) that among others, determine the dam classification risk factor under the Canadian Dam Association (CDA) guidelines. CDA guidelines rank in severity from Low, Significant, High, Very High to Extreme potential losses, including catastrophic scenarios, under four areas (population, life, environmental and cultural, infrastructure and economics). The proposed contained TMF was assigned a Low Dam Classification risk in all four areas under CDA.
• Conclusions of a six-month study on saturated columns testing and water quality predictions studies for the TMF supernatant concentrations (from the concentrator to before the discharge into the TMF, while in the TMF and in any potential dilution zone) over the life of mine to be below water quality guidelines.
• A prefeasibility study on renewable energy generation to power a significant part of the energy required in the Project using wind and solar energy. This adds to the significant decarbonization achieved with the proposed aerial conveyor that transports downhill 35,000 tonnes per day of ore from the mine to the concentrator, producing no CO₂ and generating electricity through regenerative braking.
• Results from the Project’s sustainability report published in 2024 that among others estimates the Scope 1 and 2 greenhouse gas emissions of the Project ranking it 35% lower of CO₂-eq/lb Mo emissions vs comparable mines under the current NI 43-101 Feasibility Study scenario and 73% lower CO₂-eq/lb Mo emissions using the renewable scenario of wind and solar energy.
• Results of a technical report on a Malmbjerg dust dispersion model showing that Total Suspended Particulate concentrations for regulated metals using geostatistical methods and a 90th percentile confidence interval scaling method within a 10km project area radius, to be below the regulatory metal criteria concentrations.
• Estimations of salinities and fresh water supply in the project area; an updated closure plan; a mitigation plan for rock storage facilities a review of various alternative TMF options and locations and conclusions on the preferred TMF.

Qualified Person Statement

The news release has been reviewed and approved by Mr. Jim Steel, P.Geo., M.B.A. a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

Greenland Resources Inc.

Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned Climax type primary molybdenum deposit located in central east Greenland. The Project has copper and also magnesium, a market dominated 98% by China. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from an NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, with an US$820 million capex and a levered after-tax IRR of 33.8% and payback of 2.4 years, using US$18 per pound molybdenum price. The Proven and Probable Reserves are 245 million tonnes at 0.176% MoS₂, for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS₂, approximately 25% of EU total yearly consumption. The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedarplus.com.

The Project is supported by the European Raw Materials Alliance (ERMA). ERMA is managed by EIT RawMaterials, an organization within the EIT, a body of the European Union.

About Molybdenum and the European Union

Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition. When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 24% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 25% of the EU consumption, of environmentally friendly high-quality molybdenum from a responsible EU Associate country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content in phosphorus, tin, antimony, and arsenic, makes it an ideal source of molybdenum for the high-performance steel industry lead worldwide by Europe, specifically the Scandinavian countries and Germany.

Forward Looking Statements

This news release contains “forward-looking information” (also referred to as “forward looking statements”), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “hopes”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans; planned capex financing and outcomes of due diligence reviews; construction and engineering initiatives for the Malmbjerg molybdenum project; statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.

These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: future planned development and other activities on the Project; favourable outcomes of due diligence reviews; planned energy requirements of the Project; obtaining the permitting on the Project in a timely manner; no adverse changes to the planned operations of the Project; continued favourable relationships with local communities; current EU and other initiatives remaining in place into the future; expected demand for molybdenum in the EU and abroad, including by companies that expressed an interest in purchasing molybdenum; our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner or at all; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the favourable results of the SIA (Social Impact Assessment) and EIA (Environmental Impact Assessment); favourable local community support for the Project’s development; the projected demand for molybdenum both in the EU and elsewhere, including by companies that expressed an interest in purchasing molybdenum; the current initiatives and programs for resource development in the EU and abroad; the projected and actual status of supply chains, labour market, currency and commodity prices interest rates and inflation; the projected and actual status of the global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information. Neither the Cboe Canada Exchange nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contacts

For further information please contact:

Ruben Shiffman, PhD Chairman, President

Keith Minty, P.Eng, MBA Engineering and Project Management

Jim Steel, P.Geo, MBA Exploration and Mining Geology

Nauja Bianco, M.Pol.Sci. Public and Community Relations

Gary Anstey Investor Relations

Eric Grossman, CPA, CGA Chief Financial Officer

Corporate office Suite 1810, 25 York Street, Toronto, Ontario, Canada M5J 2V5

Telephone 1-844-252-0532

Email info@greenlandresourcesinc.com
Web www.greenlandresources.ca

WINCHESTER, Va. & ALEXANDRIA, Ont.–(BUSINESS WIRE)–Trex Company, Inc. [NYSE: TREX], the world’s largest manufacturer of high-performance, wood-alternative decking and railing, and a leading brand of outdoor living products, has announced the expansion of its distribution network in Canada with Alexandria Moulding. The leading North American manufacturer and distributor of mouldings, millwork and decorative building products, will bring the brand’s premium decking and railing products to a broader range of Canadian retailers, homeowners and contractors.

Alexandria Moulding, a Specialty Building Products (SBP) brand, brings a wealth of sales, marketing and supply chain expertise to the partnership. SBP is a leading provider of building materials in North America, with a deep understanding of the market and a commitment to delivering high-quality products.

“We are excited to team with Alexandria Moulding to bring Trex’s innovative products to a wider audience in Canada,” said Bret Martz, Group Vice President, North American Professional Sales for Trex Company. “Alexandria Moulding’s strong reputation and extensive distribution network will help us expand our reach of innovative decking and railing products to more consumers and we look forward to a successful partnership.”

“We are thrilled to expand our relationship with Trex,” said Chris Gerhard, Executive Vice President of SBP. “By combining Trex’s high-quality products with our strong distribution network, we can provide more coverage to the Canadian market with the best possible outdoor living solutions.”

This move marks a significant step forward for Trex as it continues to expand its presence in the Canadian market. By working with Alexandria Moulding, Trex is able to offer a wider range of products and services, making it easier than ever to create beautiful, low-maintenance outdoor living spaces.

Trex boasts the industry’s strongest distribution network with products sold through more than 6,700 retail outlets across six continents. For more information, visit Trex.com. To learn more about Alexandria Moulding, go to AlexandriaMoulding.com.

About Trex Company

For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the composite decking category. Today, the company is the world’s #1 brand of sustainably made, wood-alternative decking and deck railing, and a leader in high performance, low-maintenance outdoor living products. The undisputed global leader, Trex boasts the industry’s strongest distribution network with products sold through more than 6,700 retail outlets across six continents. Through strategic licensing agreements, the company offers a comprehensive outdoor living portfolio that includes deck drainage, flashing tapes, LED lighting, outdoor kitchen components, pergolas, spiral stairs, fencing, lattice, cornhole and outdoor furniture – all marketed under the Trex^® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted^® Outdoor Decking 4 Years in a Row (2021-2024). The company was also recently included on Barron’s list of the 100 Most Sustainable U.S. Companies 2024, named one of America’s Most Responsible Companies 2024 by Newsweek and ranked as one of the 100 Best ESG Companies for 2023 by Investor’s Business Daily. For more information, visit Trex.com. You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).

About Alexandria Moulding

Alexandria Moulding is a leading North American manufacturer and distributor of mouldings, millwork and decorative building products. With a wide range of products and a strong commitment to quality, Alexandria Moulding is a trusted partner for retailers, homeowners and contractors. For more information, visit alexandriamoulding.com.

Contacts

Trex Company: Corinne Racine or Abigail Cox

cracine@lcwa.com or acox@lcwa.com
Alexandria Moulding: Travis Brady

travisbrady@sbp.com

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Westphalia Dev. Corp. (the “Corporation”) announced today its results for the third quarter ending September 30, 2024. The Corporation was formed in March 2012, for the development of a 310-acre Westphalia property located in Prince George’s County, Maryland, United States. The Corporation is managed by Walton Global (the “Manager”).

Material Event:

• There is material going concern uncertainty as the Manager has informed the Board that it will not fund on a go forward basis, unless a plan is put in place to address the liquidity of the Corporation and to make a definitive plan to pay the outstanding debt, unsecured creditors, and the Manager.
• The Board and the Manager have made a commitment to construct and implement a plan as soon as possible to deal with these matters, which will include a restructuring of the Corporation.
• The Manager (and its affiliates) are owed ~$10,000,000+ and has not been paid a management fee since 2016.

Financial Results

• Operating expenses for this quarter remained consistent with Q2 2024.
• On August 27, 2024, the Corporation signed the First Amendment to the Amended New Loan Program which extends the maturity date of the loan to July 31, 2025.
• On August 27, 2024, The Corporation also signed the First Amendment to the WTCF Loan which provides a second advance of $6,761,678 USD, with a maturity date of June 30, 2025.
• On November 19, 2024, The Corporation exercised their option to extend the maturity date of the first WTCF Loan advance to December 31, 2025.
• The Manager and its affiliates continue to fund monetary shortfalls.

Development and Sales Activities

• The Westphalia Interchange TIF project located at the intersection of Pennsylvania Avenue (Route 4) and Woodyard Route (Route 223) is substantially complete. The General Contractor is preparing to finish the remaining State Highway Administration punch list items by Q2 2025.
• The Presidential Parkway East TIF project is substantially complete. We are in discussions with the local County for final acceptance. A contract to complete the final punch out landscaping is being finalized with anticipated completion in Q4 2024/Q1 2025.
• The Presidential Parkway West TIF project has work remaining. Management has a plan to complete all work, except utility dependent work, by the end of Q2 2025.
• The Manager has received multiple purchase offers for Parcels A & B from best-in-class retail developers to build a first-class mixed-use commercial development. Deal terms are currently being negotiated and we expect to have an agreement in place within 90 days.
• The Manager has completed Purchase and Sale Agreements for Parcels F, N, and M totaling approximately 50 acres. Settlements are anticipated to occur between Q1 and Q3 2025.
• The Manager received unanimous approval of our Detailed Site Plan (DSP Infrastructure) from The Maryland-National Capital Park and Planning Commission for Parcels A & B. This plan approval streamlines and accelerates the approval timeline for the future mixed-use development to be located on these parcels.
• The Manager has hired a best-in-class engineering and planning firm to complete the entitlements for the remaining approximately 96 acres, which includes the adjacent land to the north owned by a related party. The expectation is that this work will take 2 to 3 years to complete and receive full approval.

The Corporation’s unaudited interim consolidated financial statements and management’s discussion and analysis for the third quarter ended September 30, 2024, are available under the Corporation’s SEDAR profile at www.sedar.com.

Walton Global is a privately-owned, leading land asset management and global real estate investment company that concentrates on the research, acquisition, administration, planning, and development of land. With more than 45 years of experience, Walton has a proven track record of administering land investment projects within the fastest growing metropolitan areas in North America. The company manages and administers US$4.37 billion in assets on behalf of its global investors, builders and developer clients and industry business partners. Walton has more than 90,000 acres of land under ownership, management and administration in the United States and Canada with business lines ranging from exit-focused pre-development land investments, builder land financing and build-to-rent. For more information visit walton.com.

This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. Forward-looking information is based on the current expectations, estimates and projections of the Corporation at the time the statements are made. They involve a number of known and unknown risks and uncertainties which would cause actual results or events to differ materially from those presently anticipated. The risks, uncertainties and other factors that could cause the Corporation’s actual results and performance in future periods to differ materially from the forward looking information contained in this news release include, among other things, the development of Westphalia Town Center, general economic and market factors, including interest rates, a decline in the real estate market, changes in government policies and regulations or in tax laws, changes in municipal planning strategies and whether certain development approvals are obtained and changes in the Canadian/U.S. dollar exchange rate, in addition to those factors discussed or referenced in documents filed with Canadian securities regulatory authorities and available online at www.sedar.com.

Except as otherwise noted, all amounts are in Canadian dollars, and are based on unaudited condensed interim consolidated financial statements for the nine months ended September 30, 2024, and related notes, prepared in accordance with International Financial Reporting Standards.

Contacts

Allison+Partners

waltonglobal@allisonpr.com

LONDON–(BUSINESS WIRE)–Slate Asset Management (“Slate” or the “Firm”), a global investor and manager focused on essential real estate and infrastructure assets, today announced that it has entered into an agreement to acquire the Morrisons Regional Distribution Center (the “Center”) in Bridgwater, United Kingdom (“UK”) from Aviva Investors. The Center is a high-quality, 780,000 square foot distribution facility that is fully leased by Morrisons, a leading UK grocer, on an index-linked and triple-net basis.

The Center is Morrisons’ only distribution facility in the Southwest UK and is strategically located on the most important motorway axis in the region with excellent transport connections to South England and South Wales. The Center is essential to Morrisons’ supply chain, operating 24 hours a day, seven days a week to serve nearly 20% of Morrisons’ supermarket locations.

The Center benefits from strong ESG credentials, with over 4,000 rooftop solar panels, rainwater harvesting systems, and on-site recycling. Morrisons also continues to actively invest in upgrades and technologies that are further improving the sustainability and operational resiliency of the Center.

“This property meets all the key criteria we look for in income-generating essential real estate investments,” said Brady Welch, Co-Founding Partner at Slate. “It’s a modern, sustainably built facility underpinned by a leading national grocer. The property’s strategic location makes it uniquely well positioned to efficiently distribute everyday goods to millions of consumers. It’s an exciting acquisition for us in the UK, where we continue to actively evaluate opportunities across the essential real estate sector.”

Slate has been an active investor in the European real estate market since 2016. To date, the Firm has transacted on approximately 1,000 commercial properties across 7 countries in the region. Slate’s focus on European essential real estate spans the risk spectrum, with value creation and income strategies, targeting grocery, pharmacy, food logistics, and other assets that support the non-discretionary needs of day-to-day life.

Cushman & Wakefield, Gowling WLG, and KPMG advised Slate on this transaction, which is expected to close in December 2024 subject to customary closing conditions.

About Slate Asset Management

Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.

Contacts

Karolina Kmiecik

Head of Communications

Karolina@slateam.com

TORONTO–(BUSINESS WIRE)–APOLLO Insurance, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, has partnered with Zen Residential as their exclusive provider of tenant insurance.

APOLLO’s digital platform launched in 2019 and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partnered with leading REITs, property management companies, proptechs, and other organizations to embed insurance products into their existing workflows. For property managers, the insurance purchase experience is embedded directly into the leasing and renewal workflows.

“APOLLO and Zen Residential are both committed to improving the tenant experience through technology and innovation,” said Jeff McCann, APOLLO Founder and CEO. “Zen Residential has set the standard for resident care and property management excellence, and this partnership will elevate their service even further by making tenant insurance more accessible.”

Zen Residential has established itself as a leading property and asset management company across Alberta, known for its dedication to creating exceptional living environments. By leveraging APOLLO’s cutting-edge platform, Zen Residential will provide their tenants with an easy, digital-first way to purchase tenant insurance, while also reducing administrative work for property managers and ensuring compliance.

“We’re thrilled about this exclusive partnership with APOLLO Insurance,” said AJ Slivinski, Zen Residential CEO. “Their digital-first approach aligns perfectly with our commitment to leveraging technology to enhance the resident experience. With APOLLO, we can offer our tenants a seamless and convenient insurance solution.”

In 2022, APOLLO became the only Insurance provider in Canada to integrate with Yardi Systems to enable instant insurance transactions and automate compliance, with real time tracking and alerts for property managers. Earlier this year, APOLLO launched FinShore, a wholly owned buy now, pay later (BNPL) subsidiary, to provide a fully embedded monthly payment option to their customers.

Visit https://apollocover.com/partnerships for more information.

About APOLLO Insurance

APOLLO Insurance (“Apollo Insurance Solutions Ltd. and its subsidiaries”) is Canada’s leading online insurance provider. Our proprietary platform allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies without human intervention.

Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance. For more information visit https://apollocover.com/.

About Zen Residential Management Services

At Zen Residential, we provide unparalleled, high-grade asset and property management solutions to rental property proprietors in Edmonton, Calgary, and the neighboring regions. Our core emphasis lies in harmonizing lifestyles and dwellings, benefiting both proprietors and occupants. We are a comprehensive management company that handles every aspect, starting from the inception of a project. Our expertise encompasses early-stage consulting, marketing strategy, and asset management, offering a “cradle to grave” approach.

Contacts

For media inquiries, please contact:
David Dyck, Chief Marketing Officer

APOLLO

Email: david@apollocover.com
LinkedIn: APOLLO

MIAMI & NORTH AUGUSTA, S.C.–(BUSINESS WIRE)–Flacks Group, a Miami-based investment firm with over $4 billion in assets, is proud to announce the acquisition of the 180-room Crowne Plaza North Augusta, an IHG Hotel known for its premier hospitality offerings in the vibrant Augusta, Georgia area. Perfectly located on the scenic banks of the Savannah River, and a short distance from the iconic Augusta National Golf Club, home of The Masters Tournament, the Crowne Plaza offers a unique blend of luxury and proximity to world-class events.

Built in 2019, the Crowne Plaza North Augusta quickly established itself as a premier luxury destination in the region, catering to both business and leisure travelers, especially during key events such as The Masters Tournament and the Augusta National Women’s Amateur (ANWA). The hotel features state-of-the-art meeting spaces, perfect for corporate gatherings and special events, along with acclaimed dining options, including the renowned steakhouse Salt + Marrow and the rooftop bar Jackson’s Bluff, which boasts breathtaking views of the Savannah River and downtown Augusta.

Adjacent to the Augusta GreenJackets’ minor league baseball park and situated within the expanding Riverside Village community, the hotel provides easy access to high-end retail, luxury housing, cultural attractions, and diverse cuisine. Its unique location allows guests to experience the best of Augusta while enjoying unmatched comfort and luxury at the hotel.

“We saw a compelling opportunity with the Crowne Plaza North Augusta, a newly built, full-service luxury hotel in a prime location within one of America’s most celebrated tourist destinations,” said Michael Flacks, Chairman, CEO & Founder of Flacks Group. “The hotel’s close proximity to the Augusta National Golf Club and the unrivaled Riverside Village location makes it an ideal asset for our real estate portfolio.”

Flacks Group was represented by Hodges Ward Elliott and advised by Blue Lotus Ventures in this acquisition. Financing was provided by J.P. Morgan.

Flacks Group is searching for more hospitality properties as it continues to invest in U.S. real estate.

For more details, visit the Flacks Group website – https://flacksgroup.com/portfolio/crowne-plaza-north-augusta-ihg-hotel/

Contacts

To present properties to Flacks Group, please reach out to:

Jim Fried

Director of Real Estate and Legacy Environmental Assets

JFried@flacksgroup.com
305-773-6300

Or

Jordan Desnick

Director of US Real Estate

JDesnick@flacksgroup.com
312-618-0000

NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Leslie Davis to Vice President, Controller and Chief Accounting Officer, effective immediately.

In her new role, Davis will oversee LP’s accounting, internal controls, and financial reporting. She will also be responsible for ensuring compliance with governance standards and managing both internal and external financial disclosures.

“Leslie has consistently demonstrated her expertise in financial management and accounting operations,” said LP Executive Vice President and Chief Financial Officer Alan Haughie. “Her analytical insight, decisive leadership, and ability to inspire teams have been invaluable. I am confident that she will excel in this role, furthering our strategic goals and enhancing value for our customers and shareholders.”

Davis joined LP in 2020 as Assistant Controller and was promoted to Senior Director of Internal Audit the following year. She brings more than 15 years of experience in financial reporting, having held key roles at EY and KPMG before joining LP.

A Certified Public Accountant, Davis earned her Master of Science in Accounting and a Bachelor of Science in Accounting from the University of Kentucky.

About LP Building Solutions

As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore® Thermal Insulated Sheathing and LP® TopNotch® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World^™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

Contacts

615-986-5886

Media.Relations@lpcorp.com

Hotels and recipients were honored at the 2024 Historic Hotels Annual Awards of Excellence Ceremony and Gala on November 21, 2024, at The Omni Homestead Resort in Hot Springs, Virginia (United States of America).

WASHINGTON–(BUSINESS WIRE)–#awardsofexcellence–Historic Hotels Worldwide^® is pleased to announce the distinguished winners of the 2024 Historic Hotels Worldwide Annual Awards of Excellence.

Award recipients were honored on the evening of Thursday, November 21, at the 2024 Historic Hotels Annual Awards of Excellence Ceremony and Gala at The Omni Homestead Resort in Hot Springs, Virginia (United States of America), in front of an audience of more than 200 industry leaders, owners, general managers, senior management, and representatives of the world’s finest historic hotels. The Omni Homestead Resort, founded in the scenic Allegheny Mountains in 1766, is the most historic resort in the United States. It is famous for its iconic Warm Springs Pools and championship fairways. TIME Magazine recently included The Omni Homestead Resort on its list of the “World’s Greatest Places 2024.” The awards ceremony was the final event of the 2024 Historic Hotels Annual Conference held there the week of November 18.

During the ceremony, 11 distinct awards of the Historic Hotels Worldwide Annual Awards of Excellence were presented to hoteliers and hotels, recognizing them as the best of the best among their peers. Winners were chosen from nominations by historic hotels, preservation supporters, prior award recipients, community leaders, and leadership from Historic Hotels Worldwide. Member hotels from the program are among the finest historic hotels around the world. The Historic Hotels Annual Awards of Excellence Program recognizes the pinnacle of this distinct group.

From more than 500 nominations received, the awards committee evaluated and, after careful consideration, selected the following 2024 Historic Hotels Worldwide Awards of Excellence winners:

Historic Hotels Worldwide New Member of the Year

This award is presented to a new member hotel that best demonstrates immediate engagement, activation, and passionate support of Historic Hotels Worldwide.

Winner: Half Moon (1954) Montego Bay, Jamaica

Historic Hotels Worldwide Best Social Media of a Historic Hotel

This award is given to a hotel that actively engages consumers by sharing the best of their history through social media, including Facebook, Twitter/X, and Instagram with interesting historical facts and stories.

Winner: Las Casas Filipinas de Acuzar (1780) Bagac, Philippines

Historic Hotels Worldwide Sustainability Champion

This award is presented to a hotel that best implements and practices innovative green initiatives and programs, demonstrating historic preservation is the ultimate green.

Winner: The K Club (1832) Straffan, County Kildare, Ireland

Historic Hotels Worldwide Legendary Family Historic Hoteliers of the Year

This award is presented to a multi-generational family ownership entity or management company which has served as an exemplary role model in the operation of the historic hotel entrusted to its stewardship, has demonstrated a long-term legacy of commitment to historic preservation, and has been an active champion of Historic Hotels Worldwide.

Winner: The Baverez Family, owners and managers of Les Hôtels Baverez since 1900

Historic Hotels Worldwide Best City Center Historic Hotel

This award is presented to a hotel located in a city center that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: Mystery Hotel Budapest (1896) Budapest, Hungary

Historic Hotels Worldwide Best Historic Resort

This award is presented to the historic resort that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: Kviknes Hotel (1752) Balestrand, Norway

Best Historic Hotels Worldwide Hotel in Europe

This award is presented to a historic hotel in Europe that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: The Grand York (1906) York, England, United Kingdom

Best Historic Hotels Worldwide Hotel in Asia/Pacific

This award is presented to a historic hotel in Asia/Pacific that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: The Fullerton Hotel Singapore (1924) Singapore

Best Historic Hotels Worldwide Hotel in the Americas

This award is presented to a historic hotel in the Americas that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.

Winner: Fairmont Hotel Vancouver (1939) Vancouver, British Columbia, Canada

Historic Hotels Worldwide Historic Hotelier of the Year

This award is presented to the recipient demonstrating the highest contribution to furthering the celebration of history at historic hotels as well as leadership and innovation.

Winner: Franck X. Arnold at The Savoy London (1889) London, England, United Kingdom

Historic Hotels Worldwide Historian of the Year

This award is given to individuals who have made significant contributions to the research and presentation of history, encouraging a deeper discussion and broader understanding of the world’s most iconic and legendary hotels.

Winner: Andreas and Carola Augustin, editors of FamousHotels.org, “The Library of Hospitality”

“It is an honor to congratulate all of the 2024 Historic Hotels Worldwide Annual Awards of Excellence winners,” said Lawrence Horwitz, Executive Vice President, Historic Hotels of America and Historic Hotels Worldwide. “The winners are the finest historic hotels and hoteliers from around the world. The historic hotels nominated include small historic inns, boutique hotels, lifestyle hotels, and resorts. They represent small towns to large cities to UNESCO World Heritage destinations. We applaud the dedication and passion of the thousands of individuals working at these iconic and legendary hotels that keep the stories alive from the past and make staying or celebrating special occasions at these historic hotels memorable experiences. The hotels on this list represent the very best spirit of perseverance and preservation of historic hotels. Through the many chapters these buildings have seen, it is the care of their staff, owners, and operators and the support of travelers that allow these stories to continue.”

To be nominated for the Historic Hotels Worldwide Annual Awards of Excellence, the hotel must be a member of Historic Hotels Worldwide, demonstrate how the hotel increased the recognition and celebration of the hotel’s history, heritage, historic preservation, and its membership, as well as how the hotel (through its ownership, leadership, and employees) contributes significantly as an industry leader in the designated award category.

Historic Hotels Worldwide’s sibling program, Historic Hotels of America^®, also announced its collection’s winners of the Historic Hotels Annual Awards of Excellence this week. See the news about those nominees here.

About Historic Hotels Worldwide^®

Historic Hotels Worldwide^® is a prestigious and distinctive hotel collection of historic treasures, including luxury historic hotels built in former castles, chateaus, palaces, academies, haciendas, villas, monasteries, and other historic lodging spanning ten centuries. Historic Hotels Worldwide represents the finest and most distinctive global collection of more than 320 historic hotels in forty-nine countries. Hotels inducted into Historic Hotels Worldwide are authentic historic treasures, demonstrate historic preservation, and celebrate historic significance. Eligibility for induction into Historic Hotels Worldwide is limited to those distinctive historic hotels that adhere to the following criteria: minimum age for the building is 75 years or older; historically relevant as a significant location within a historic district, historically significant landmark, place of a historic event, former home of a famous person, or historic city center; hotel celebrates its history by showcasing memorabilia, artwork, photography, and other examples of its historic significance; recognized by national preservation or heritage buildings organization or located within UNESCO World Heritage Site; and presently used as a historic hotel. For more information, please visit HistoricHotelsWorldwide.com.

Contacts

Katherine Orr

Historic Hotels of America│Historic Hotels Worldwide

Director, Marketing Strategy and Communications

Tel: +1-202-772-8337

korr@historichotels.org

Real attributes 4,062% revenue growth over three-year period to operational efficiencies derived from its technology platform and entrepreneurial model, which continue to attract agents at a record pace

TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced it ranked No. 38 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 30^th year. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023. Real had revenue growth of 4,062% over the three year period ended December 31, 2023.

“This award is yet another sign that the industry is ready for a technology-first brokerage platform that boosts agent productivity through automation,” said Tamir Poleg, Chairman and CEO of Real. “It’s a straightforward concept, but it requires widespread adoption to succeed—making our proprietary tech stack a vital component of our growth. Looking ahead, we’re committed to leveraging artificial intelligence to elevate agent productivity and deliver a seamless, intuitive experience for both agents and their clients.”

Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%.

Real has maintained rapid growth in its sector and credits its success to operational efficiencies enabled by its advanced technology platform and entrepreneurial model, which continues to attract agents at a record pace.

About the 2024 Deloitte Technology Fast 500

Now in its 30^th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 22,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s ability to continue to attract agents and grow revenue.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its November 2024 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The November distribution will be payable on December 13, 2024 to unitholders of record as at November 29, 2024.

Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at September 30, 2024, Dream Industrial REIT has an interest in and manages a portfolio which comprises 338 industrial assets (545 buildings) totalling approximately 71.9 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

For further information, please contact:

DREAM INDUSTRIAL REIT

Alexander Sannikov

President and Chief Executive Officer

(416) 365-4106

asannikov@dream.ca

Lenis Quan

Chief Financial Officer

(416) 365-2353

lquan@dream.ca

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX:DRM) (“Dream” or the “Company”) today announced the closing of its previously-announced sale of Arapahoe Basin (“Arapahoe Basin” or the “Resort”), our ski area in Colorado, to Alterra Mountain Company (“Alterra”). Based on today’s exchange rate and internal estimates of taxes payable, management believes this results in after-tax profit of approximately $115 million after closing costs and adjustments.

“Arapahoe Basin has been a great investment for Dream and one that we are very proud of,” said Michael Cooper, Chief Responsible Officer of Dream. “We have had the honour of taking care of this Resort over the last quarter century, with a constant commitment to the visitor experience. We are thrilled that Alterra recognizes and shares the same values and will continue to foster its unique and incredible culture. The closing of this transaction greatly improves our financial flexibility and allows us to significantly reduce our debt load while rewarding our shareholders through a special dividend for making the choice to continue to hold our stock.”

Dream acquired Arapahoe Basin in 1997, at a time when the Resort only had 490 skiable acres. Over the last 27 years, together with the Arapahoe Basin management team, Dream expanded the ski area to 1,428 acres, replaced all of the lifts and most of the buildings and opened the two highest elevation restaurants in North America, Il Rifugio and Steilhang Hut.

The management team, including Alan Henceroth, Chief Operating Officer of Arapahoe Basin, will continue to lead the ski area into the future and maintain the values and brand that we are so proud to have been a part of. Alterra, a world class ski resort operator with a proven track record of investing in its resorts while maintaining their distinctive cultures, is in a strong position to continue to grow the customer experience, increase the Resort’s offerings, and build on the culture of the ski area.

The proceeds will be partially directed at repaying over $100 million of debt and maintaining financial flexibility, while a portion will be returned to shareholders through a special dividend of $1.00 per Class A Subordinate Voting Share and Class B Common Share, payable on December 31, 2024 to shareholders of record on December 13, 2024.

The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada).

About Dream Unlimited Corp.

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $26 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, the timing of special dividend, expected use of proceeds from the sale of the Resort, anticipated repayments of debt, anticipated distributions to shareholders, our future strategic plans for our other assets, expected future debt levels and liquidity, our ability to maximize shareholder value, and the future operations, offerings, management team, customer experience and culture of the Resort. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions include, but are not limited to: our ability to satisfy closing conditions, including regulatory approvals; that inflation will remain in line with expectations; that general economic and business conditions remain in line with expectations, including unemployment levels and interest rates, positive net migration, oil and gas commodity prices; our business strategy, including geographic focus; anticipated sales volumes; and the performance of our underlying business segments. Risks and uncertainties include, but are not limited to, general and local economic and business conditions; inflation or stagflation; the risk of global medical pandemic, including resulting government measures; employment levels; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions; regulatory risks; mortgage and interest rates and regulations; environmental risks; consumer confidence; seasonality; adverse weather conditions; construction material shortages; adverse changes to purchasers financial conditions; reliance on key clients and personnel and competition. All forward-looking information in this press release speaks as of November 19, 2024. Dream does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR+ (www.sedarplus.com).

Contacts

For further information, please contact:

Dream Unlimited Corp.


Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.25 cents per unit for the month of November. The distribution will be payable on December 6, 2024, to unitholders of record as at November 29, 2024.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at September 30, 2024, our portfolio is comprised of 186 properties with an aggregate net leasable area of approximately 33 million square feet (at RioCan’s interest). To learn more about us, please visit www.riocan.com.

Contacts

RioCan
Kim Lee

Vice President, Investor Relations

(416) 646-8326