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Globe and Mail
3 minutes ago
- Globe and Mail
CEMATRIX To Report Second Quarter 2025 Results on August 6, 2025
CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSX: CEMX) (OTCQB:CTXXF) (" CEMATRIX" or the " Company"), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America today announced that it will release its consolidated financial results for the second quarter ended June 30, 2025, after the market closes on August 6, 2025. Management will host a webinar at 1:00 p.m. ET on Thursday, August 7, 2025, to discuss CEMATRIX's second quarter financial results, provide a corporate update and conclude with a question-and-answer session from online participants. To participate, please use the following information: You are invited to a Zoom webinar: When: August 7, 2025 11:00 AM Mountain Time, 1:00 PM Eastern Time (US and Canada) Topic: CEMATRIX 2025 Q2 Financial Results Webinar Register in advance for this webinar: After registering, you will receive a confirmation email containing information about joining the webinar. ABOUT CEMATRIX CEMATRIX is a specialty construction contractor that produces cellular concrete solutions on site. Cellular concrete is a flowable, self-leveling, cement-based material with insulating properties. CEMATRIX provides customers with cost effective, innovative solutions to tough geotechnical construction challenges. Applications for cellular concrete include lightweight engineered fill, MSE & retaining wall fill, lightweight insulating road subbase, flowable self compacting fill, pipe & culvert abandonments, tunnel & annular grout, tunnel & shaft backfills, underwater / tremie fills, and shallow utility & foundation insulation. CEMATRIX is an early-stage growth Company with significant revenue, positive EBITDA, positive cashflow from operations, a very healthy balance sheet, and a strong team in place. The Company's wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. ('CCI'), Chicago based MixOnSite USA Inc. ('MOS'), and Bellingham based Pacific International Grout Company ('PIGCO'). For more information, please visit our website at CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for CEMATRIX, including statements regarding: the anticipated commencement and completion of the project. Forward-looking statements may in some cases be identified by words such as "may," "will," "expects," "target," "future," "plans," "believes," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions. In addition to events beyond CEMATRIX's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to, the risk of not being able to meet contractual schedules and other performance requirements, the risks associated with a third party's failure to perform; the risk of not being able to meet its labour needs at reasonable costs; the risk of not being able to address any supply chain issues which may arise. These forward-looking statements are based on a variety of factors and assumptions including but not limited to that: none of the risks identified above materialize, there are no unforeseen changes to economic and market conditions and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to CEMATRIX, including information obtained from third-party sources. While CEMATRIX believes that such third-party sources are reliable sources of information, CEMATRIX has not independently verified the information. CEMATRIX has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources. Risk factors are discussed in greater detail in CEMATRIX's 2024 Management's Discussion and Analysis for the fiscal year ended December 31, 2024 and CEMATRIX's Management's Discussion and Analysis for the fiscal quarter ended March 31, 2025, each filed on SEDAR+ ( Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and CEMATRIX undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information, please contact: Jeff Walker, The Howard Group – Investor Relations Phone: (888) 221-0915 or (403) 221-0915 jeff@ or Glen Akselrod – President, Bristol Capital Phone: (905) 326-1888 ext. 1 glen@
CTV News
3 minutes ago
- CTV News
Ottawa says it wants to improve income assistance program on First Nation reserves
A highway sign that highlights Nova Scotia's rich Mi'kmaq heritage stands along the Trans-Canada Highway near Amherst, N.S., on Monday, Jan. 14, 2019. THE CANADIAN PRESS/Andrew Vaughan The federal government says it is committed to working with Mi'kmaq First Nations in Nova Scotia to improve the income assistance program -- though Ottawa has yet to provide details on the progress of negotiations. The comments from Indigenous Services Canada and for Crown-Indigenous Relations and Northern Affairs Canada are in response to criticism that there is a gap of more than $25 million a year between what First Nations people on reserve receive from Ottawa and what they would get from Nova Scotia if they lived off reserve. Ta'n Etli-tpi'tmk, a group that represents 12 of 13 Mi'kmaq First Nations in Nova Scotia, has said some people living on reserve who rely on income assistance from Ottawa are being kept in deep poverty because of the inadequate assistance. A spokesperson for Indigenous Services Canada and for Crown-Indigenous Relations and Northern Affairs Canada said the federal government has been working closely with Maritime First Nations since 2016 to develop a 'culturally responsive system' for delivering income assistance, but didn't provide details. Anispiragas Piragasanathar said in an email Wednesday, the two departments 'remain committed to working with the Ta'n Etli-tpi'tmk to ensure that the program is more responsive to the needs of the Income Assistance clients they represent.' Piragasanathar added that because the negotiations are confidential, he cannot offer further comment at this time. He did not immediately respond to followup questions about what progress has been made with on-reserve income assistance since 2016, or if negotiations with Mi'kmaq First Nations have resumed. Ta'n Etli-tpi'tmk said Tuesday the Mi'kmaq had been negotiating a self-governing agreement for social assistance with the governments of Canada and Nova Scotia between 2021 and 2024, then Ottawa halted negotiations in 2024 after the Mi'kmaq submitted a plan to negotiate a fiscal arrangement to deliver social assistance on reserve based on provincial levels. The group said that on July 9 the Mi'kmaq passed a resolution requesting that Canada return to the negotiation table to finalize an agreement this fiscal year. James Michael, a lead negotiator with Ta'n Etli-tpi'tmk, said in an interview Tuesday it's a serious issue that affects the health and well-being of people living on reserve. 'This is not about a handout, this is about enabling people to basically start to lift themselves out of deep poverty,' Michael said. Michael said the federal government offers rates as low as $13 a day for a single person, not enough to cover food or other basic necessities. 'There's community support, people helping out other people, and people stretching their dollar as far as it can go. But I don't know how people do it, to be honest,' Michael said, adding that many end up forgoing healthy food because they cannot afford it. Leroy Denny, chief of Eskasoni First Nation, said in a statement Tuesday, 'our people are tired of the intergenerational trauma caused by an under-resourced federal income assistance program.' For people living off reserve, Nova Scotia offers basic income assistance rates starting at $644 a month for individuals who board, meaning they have a bedroom inside a home belonging to someone else. The payments rise to $726 a month for an individual who rents or owns a home, and who doesn't have dependants or isn't a student. This report by The Canadian Press was first published July 30, 2025. By Lyndsay Armstrong
CTV News
3 minutes ago
- CTV News
‘We're always bracing:' Growing anxiety among restaurants as tariff deadline looms
As Friday's U.S. tariff deadline looms, many in the restaurant industry are left with uncertainty about what it means for their business. Costa Elles, the owner of Ela Greek Taverna, says the last few months have been a whirlwind. 'We're always bracing. It's obviously been a very tough time for the restaurant industry for the last five plus years. So, this is just another thing to worry about,' says Elles. He says his restaurant has already seen supply costs spike by five to 10 per cent. 'The main issue we are facing is always the pricing. You don't know whether something is going to come in under $40 a case or $80 a case,' says Elles. 'Having to reprint menus… a cost of $5,000 every time you do that.' It's a reality he says leaves him with a unique challenge. 'Not only do we face a price increase in the products that we buy in the raw materials, we now have to look at our employees and give them a little bonus as well, because they themselves are facing tough times when they go to the stores,' says Elles. 'So that uncertainty is really causing us to have some sleepless nights.' With the looming tariff deadline, Restaurants Canada says hope is running thin for those in the food sector. 'Until we know for sure if there's going to be a delay again, the anxiety remains in the air because indeed, if there are tariffs on both sides of the border on these products, it will be felt across the board,' says Janick Cormier, Restaurants Canada's Atlantic vice-president. In an industry that relies on planning and stocking products ahead of time, restaurants are now left watching from the sidelines, as another wave of uncertainty unfolds. 'Stability is really important for us. Whether it's going to come on Friday, whether its going to be extended... you know we're bracing for that,' says Elles. For more Nova Scotia news, visit our dedicated provincial page
