Latest news with #RML
Time of India
3 days ago
- Automotive
- Time of India
Rane (Madras) sells 3.48-acre land in Chennai to Prestige Group's JV firm for Rs 361 crore
Rane (Madras) Ltd has sold a 3.48-acre land in Velachery, Chennai to a joint venture firm between Prestige Estates Project Ltd and Arihant Foundations & Housing for Rs 361 crore. The deal was facilitated by real estate consultant CBRE . Rane (Madras) Ltd has entered into an agreement with Canopy Living LLP, a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Project Ltd, to sell 3.48 acres of land in Velachery, the company said in a regulatory filing on Friday. The deal value is Rs 361.18 crore. The total extent of land in Velachery is 4.50 acres and Rane (Madras) will retain the balance portion of the land, where a new office will be constructed. Live Events "This land monetisation will achieve twin objectives of reducing debt as well as integrating city offices of various divisions to further unlock long term cost synergies of the merger," the company said. Rane (Madras) Limited (RML) is part of the Rane Group of Companies , a leading auto component group based out of Chennai. RML supplies its products to major OEMs and aftermarket in India and abroad. It manufactures various automotive products, viz. steering and suspension systems, brake components, engine components, and light metal casting components.
Yahoo
17-06-2025
- Automotive
- Yahoo
This EV battery fully recharges in just 18 seconds — and it just got the green light for mass production
When you buy through links on our articles, Future and its syndication partners may earn a commission. A British firm has received approval to mass-produce an ultra-high-power-density electric vehicle (EV) battery that can be fully recharged in just 18 seconds. The RML Group was granted Conformity of Production certification for its VarEVolt battery on June 2. This government approval signifies that the firm can mass-produce the powerful batteries for EV manufacturers. The certification "underlines our readiness to move from prototyping and niche volumes to supporting larger production contracts," James Arkell, the head of powertrain at RML Group, said in a statement. RML's battery can deliver lots of power in a short span. The VarEVolt battery can supply 6 kilowatts per kilogram, and it's capable of "dumping all its power really, really quickly," RML board member Michael Mallock told Autocar. The battery has a C rating of 200, meaning it's capable of fully charging or discharging in about 18 seconds. In comparison, the fully electric Porsche Taycan's battery has a C rating of around 4 to 5, so it takes 12 to 15 minutes to charge or discharge. The VarEVolt's modular design lets manufacturers tune it for different applications. "We can focus on range, we can focus on power, or we can balance the two," depending on the type of vehicle it will be deployed in, RML Group CEO Paul Dickinson told Autocar. Some small-scale manufacturers are already using the VarEVolt battery; it helps power the futuristic Czinger 21C hybrid hypercar, which relies on a combination of an electric motor that uses energy stored in the battery and an internal combustion engine that burns gasoline. Related stories —'Single crystal' electrodes could power EVs for millions of miles —'Springy' solid-state battery is twice the width of a white blood cell and could drastically increase EV range —Honda promises solid-state batteries that could double EV range to 620 miles by 2030 Right now, the RML group is producing just a few of the VarEVolt batteries at a time, but future large-scale output wouldn't necessarily be confined to exclusive products like the 21C. (Czinger produced just 80 of the luxury sports cars in the first run.) The firm is developing a kit to convert the battery packs in older hypercars, such as the LaFerrari or the McLaren P1, to updated versions, according to Mallock. "For those types of cars, we can do a replacement pack that will significantly increase the range, and if the rest of the hardware within the car would allow it, you could have a version that was eight times the power output," Mallock told Autocar.
News.com.au
12-06-2025
- Business
- News.com.au
Closing Bell: ASX pares back gains as energy sector deflates
ASX 200 pares back strong early gains Energy sector fizzles out as tech, telcos and gold forge ahead Ressies RML and PGD among gainers, Cettire smashed If we said, "See Eddy's markets Lunch Wrap, but just plug in a few different stats", could we call it a day? Would that cut it? Because, ever since that update was posted, aside from the air clearly being released from the market in a disappointing afternoon malaise, that just about sums it up. We'd best fill in some gaps, though, as that's the job. A bit like it'd overslept in a flotation tank, the ASX 200 was a docile, shrivelled version of its recent bold self in the afternoon session, giving up a promising start to finish down 0.31%. Still, yesterday's new personal best for the benchmark remains fresh in the memory. Looking at the sectors, tech, telcos and utilities were the biggest winners. Materials and financials were the biggest losers. Energy fizzled out after a strong start – possibly due to some initial optimism about the oil price jump waning and a general potpourri of emotions following a pretty volatile session on Wall Street. Healthcare/biotech stocks also managed to trade fairly flat. Earlier, the sector was weighed down by Cochlear's earnings downgrade news. Tune in (actually, read) Tim Boreham's Health Check for more on that. The local hearing solutions heavyweight was, however, looking a little more… sound, at the end of play (+0.58% intraday). The Gold Index was a bright spot, lifting 2.56% as markets remain uncertain despite some optimism creeping in for Fed rate cuts and the news yesterday that America and China have hugged out some of their trade tiff (for now). As Eddy noted earlier: Trump said last night the US and China had struck a deal, with China expected to send over rare earths and magnets, and in return, the US will let Chinese students back into unis. That doesn't mean Trump's done with the tariffs trauma. Probably far from it. Per the Australian's Valerina Changarathil: "Trump's warning about setting trade tariffs on major economies in the coming weeks kept Asian markets on edge in the afternoon" today. Meanwhile, the energy sector's early strong performance today was underpinned by the biggest one-day jump in oil prices since October, with the important black stuff bubbling over 4% overnight thanks to shrinking US stockpiles and fresh Middle East tension – which likely also explains gold's strong day (the precious commodity is up 0.58% at the time of writing and trading at US$3,380). After helping carry the bourse to a 0.2% gain at lunch, $44.56bn market capped Woodside Energy Group (ASX:WDS) finished the day down 0.2% per cent to $23.47, while Santos (ASX:STO) pared itself back to a 0.15% gain at close and a $6.71 share price. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap RML Resolution Minerals 0.034 79% 117,503,131 $9,989,950 CDE Codeifai Limited 0.035 52% 6,503,821 $9,900,084 ADD Adavale Resource Ltd 0.0015 50% 2,012,565 $2,287,279 HFY Hubify Ltd 0.012 50% 3,198,034 $4,089,090 PAB Patrys Limited 0.0015 50% 2,591,022 $2,057,447 PKO Peako Limited 0.003 50% 1,557,250 $2,975,484 SFG Seafarms Group Ltd 0.0015 50% 4,953,265 $4,836,599 VML Vital Metals Limited 0.003 50% 1,923,895 $11,790,134 PGD Peregrine Gold 0.21 35% 530,810 $13,151,400 DGR DGR Global Ltd 0.004 33% 2,026,789 $3,131,088 RAN Range International 0.002 33% 250,030 $1,408,935 RLC Reedy Lagoon Corp 0.002 33% 599,068 $1,165,060 SRN Surefire Rescs NL 0.002 33% 6,347,686 $3,729,668 HFR Highfield Res Ltd 0.195 30% 181,721 $71,111,556 DTR Dateline Resources 0.1 27% 142,247,443 $231,899,685 NGX NGX Limited 0.15 25% 59,042 $10,873,421 RPG Raptis Group Limited 0.05 25% 33,168 $7,013,697 CTN Catalina Resources 0.005 25% 431,630 $9,704,076 EDE Eden Inv Ltd 0.0025 25% 1,331,868 $8,219,762 JAV Javelin Minerals Ltd 0.0025 25% 753,793 $12,252,298 MEM Memphasys Ltd 0.005 25% 88,464 $7,934,392 SKK Stakk Limited 0.005 25% 510,914 $8,300,319 BMR Ballymore Resources 0.185 23% 261,583 $26,509,588 YAR Yari Minerals Ltd 0.011 22% 14,782,139 $4,992,403 SPD Southernpalladium 0.61 22% 340,871 $45,475,000 Resolution Minerals (ASX:RML) burst up 79% today after announcing the acquisition of Horse Haven, an antimony, gold and tungsten project in Idaho next to the largest known antimony resource in the US. The project shares its eastern boundary with Nasdaq-listed $2 billion market cap Perpetua Resources' Stibnite gold-antimony project in the historical Stibnite Mining District of Valley County, central Idaho. Patrys (ASX:PAB) meanwhile made a 50% gain, a day after announcing it had received commitments for a placement of new shares and attaching options to sophisticated and professional investors to raise up to ~$308,000. The biotech also announced a board renewal with changes including appointment of Dr Anton Uvarov as a non-executive director and Peter Christie as chair. Uvarov committed to subscribe for new shares and attaching options to raise $50,000 on the same terms as the placement subject to shareholder approval. Peregrine Gold (ASX:PGD) also had a strong day, up 35% after announcing it had received all necessary approvals and kicked off an 8,100m aircore drill program at the Tin Can Trend, located within the company's 100% owned Newman gold project in the Pilbara region of WA. The program will consist of 81 holes and average ~100m per hole with results expected to be announced next quarter. PGD then anticipates conducting first phase aircore drill testing at the Epithermal prospect, subject to final interpretation of its recently IP survey results announced in April. ASX SMALL CAP LAGGARDS Today's worst performing small cap stocks: Security Name Last % Change Volume Market Cap ALV Alvo Minerals 0.02 -48% 3,256,638 $5,972,315 OB1 Orbminco Limited 0.001 -33% 2,151,730 $4,796,352 SIS Simble Solutions 0.002 -33% 2,273,886 $2,628,991 CTT Cettire 0.3225 -31% 46,693,548 $177,275,772 REY REY Resources Ltd 0.019 -30% 2,800 $5,712,144 OLI Oliver'S Real Food 0.005 -29% 129,268 $3,785,123 CLG Close Loop 0.048 -28% 5,068,448 $35,633,941 HLX Helix Resources 0.0015 -25% 3,002,454 $6,728,387 RNX Renegade Exploration 0.003 -25% 3,433,353 $5,153,454 M4M Macro Metals Limited 0.011 -21% 4,255,234 $55,683,845 FUL Fulcrum Lithium 0.036 -20% 109,676 $3,397,500 TGH Terragen 0.02 -20% 38,000 $12,625,429 AAU Antilles Gold Ltd 0.004 -20% 1,032,221 $11,556,840 IMI Infinitymining 0.008 -20% 10,000 $4,230,158 RGL Riversgold 0.004 -20% 1,527,222 $8,418,563 ROG Red Sky Energy 0.004 -20% 55,000 $27,111,136 SRJ SRJ Technologies 0.008 -20% 1,780,531 $6,055,781 TMX Terrain Minerals 0.002 -20% 100,023 $5,621,392 BSN Basin Energy 0.018 -18% 119,654 $2,702,245 LOC Locate Technologies 0.14 -18% 844,716 $38,460,237 ZNO Zoono Group Ltd 0.03 -17% 2,047,363 $12,795,617 ALY Alchemy Resource Ltd 0.005 -17% 300,000 $7,068,458 AUR Auris Minerals Ltd 0.005 -17% 1,729,447 $2,859,756 BMO Bastion Minerals 0.0025 -17% 4,529,092 $2,710,883 EM2 Eagle Mountain 0.005 -17% 54,600 $6,810,224 Online luxury fashion retailer Cettire (ASX:CTT) crashed today after it revealed soft sales, sliding margins and a nasty FX hit, with US demand dropping off and the June quarter already looking grim. The company said luxury isn't flying like it used to. With cash burning fast and the balance sheet looking thinner by the week, investors reckon a cap raise might be imminent. IN CASE YOU MISSED IT Ausgold (ASX:AUC) has extended the Datatine shoot at its Katanning gold project in WA as it works to release a feasibility study this month. A high-priority target at the Igrejinha lithium project in Brazil's Lithium Valley is the focus of Perpetual Resources' (ASX:PEC) maiden RC drilling which has just kicked off. AnteoTech's (ASX:ADO) life sciences business is poised to record a ~130% increase in FY2025 sales to $930,000 after receiving a sales order from the Serum Institute of India. Australian Critical Minerals (ASX:ACM) is adding to its plate with a move to acquire gold, copper, silver, base metals and lithium projects in Peru. Omega Oil and Gas (ASX:OMA) ends overriding 3% liquids royalty over its Taroom Trough assets by paying TAG Oil US$1m. Island Pharmaceuticals (ASX:ILA) says Phase 2a/b top-line results advocate for continued clinical development of ISLA-101 to treat dengue virus. LAST ORDERS RareX (ASX:REE) has taken another step forward at its Cummins Range project in WA, securing an in-principle agreement with the Jaru RNTBC on a Mining and Heritage Protection Agreement. It clears the path to finalise the mining lease and move the rare earths, gallium, scandium and phosphate play closer to development. TRADING HALTS Australian Strategic Materials (ASX:ASM) – cap raise Boab Metals (ASX:BML) – cap raise Clara Resources (ASX:C7A) – cap raise Finder Energy (ASX:FND) – alliance announcement & FEED update FMR Resources (ASX:FMR) – cap raise Hazer Group (ASX:HZR) – cap raise Juno Minerals (ASX:JNO) – asset divestment Mayur Resources (ASX:MRL) – pending PNG SEZ licence Southern Hemisphere Mining (ASX:SMN) – JV agreement Tali Digital (ASX:TD1) – acquisition & cap raise West Wits Mining (ASX:WWI) – cap raise At Stockhead, we tell it like it is. While Resolution Minerals, Peregrine Gold, Ausgold, Perpetual Resources, AnteoTech, Australian Critical Minerals, Omega Oil and Gas, Island Pharmaceuticals and RareX are Stockhead advertisers, they did not sponsor this article.
Cision Canada
29-05-2025
- Business
- Cision Canada
enCore Energy Receives Radioactive Materials License for Upper Spring Creek ISR Uranium Project, South Texas; Commences Construction
DALLAS, May 29, 2025 /CNW/ - enCore Energy Corp. (NASDAQ:EU| TSXV: EU) (the "Company" or "enCore"), America's Clean Energy Company TM, today announced the approval for the inclusion of the Upper Spring Creek In-Situ Recovery ("ISR") Uranium Project (the "Project") in the existing Radioactive Materials License ("RML") from the TCEQ (Texas Commission on Environmental Quality). This license allows enCore to handle radioactive materials, which includes the final product, U 3 O 8 ("uranium"). The current RML includes the Rosita Uranium Project, which has now been extended to cover the Upper Spring Creek Project's Brown Area. The RML allows the construction of wellfields and a Satellite Ion Exchange ("IX") Plant to commence, which will feed the Rosita ISR Uranium Central Processing Plant ("CPP"). These Satellite IX Plants, located adjacent to wellfields, are a key part of the satellite ISR process; they are modular, efficient, and relocatable, allowing for cost-effective uranium extraction across multiple remote sites which can be moved once a wellfield is depleted. The RML is scheduled for renewal in 2032, provided the Project's operation remains in compliance. The RML provides safety, material handling, record keeping and reporting protocols. William M. Sheriff, Executive Chairman of enCore Energy stated: "The receipt of the RML, allowing enCore to build its next remote Satellite Ion Exchange Plant and wellfield in a timely manner from application, is a testament to the efficiency of the Texas Commission on Environmental Quality. The ability to operate and issue these critical permits under authority of being an Agreement State in conjunction with the U.S. Nuclear Regulatory Commission is a clear competitive advantage for enCore. This is our third permitted facility in Texas with each of our preceding permits having been granted in 20 months or less. The Upper Spring Creek Project brings important uranium mineralization into the operations of the Company, and we look forward to recovering (capturing) increasing amounts of uranium from late this year into 2026. On behalf of the Board, I want to thank our dedicated team for bringing this project to the point of permit application and issuance. We have the utmost confidence in them completing the new construction in the coming months." enCore has commenced advancement of the Project with drill rigs moving to site to begin development of the production wellfield; enCore previously began staging equipment in anticipation of receiving this approval. Construction activities will include surface preparation, well construction, road construction and installation of support facilities and utilities. The construction of the Satellite IX Plant concrete pad is planned to start in 30 days. enCore now holds two RML's in Texas; one for the Alta Mesa ISR Uranium Project and the amended RML which now includes the Upper Spring Creek's Brown Area, Rosita and Kingsville Project areas. The TCEQ is a part of the United States Nuclear Regulatory Commission's ("NRC") Agreement State Program where Texas assumes regulatory authority over certain radioactive materials, including production of uranium. As part of the agreement, regulations adopted by Texas are required to be compatible with NRC regulations. About the Upper Spring Creek ISR Uranium Project The 100% Company-owned Project is a planned Satellite IX Plant operation for the Rosita CPP. The Project consists of several future potential production units within the historic Clay West uranium district. The Project was previously held by Signal Equities LLC, who previously licensed and permitted the property as an ISR uranium project, maintaining the aquifer exemption and ceased work following continued low uranium spot prices. In December 2020, the Company acquired the Project. The uranium mineralized sands that are associated with the project area lie within the Oakville Formation. These historic uranium producing sands stretch across an area of approximately 120 miles long by approximately 20 miles wide in South Texas. The uranium mineralized ore body at the Upper Spring Creek Project occurs at depths typically between 300 and 450 feet from surface. Rosita ISR Uranium Central Processing Plant The Rosita CPP can receive uranium-loaded resin from remote project areas across the South Texas region through a network of Satellite IX Plants. These Satellite IX Plants, located near wellfields, are a key component of the ISR uranium extraction process. A lixiviant, consisting of groundwater mixed with oxygen and sodium bicarbonate, is injected into the wellfield using ISR technology, where it dissolves uranium from the underground sandstone. The uranium-bearing solution is then pumped to the surface and directed through the IX columns at the nearby Satellite IX Plant, where uranium is absorbed onto resin beads. The uranium-loaded resin is then transported to the Rosita CPP, where the uranium is removed from the resin and processed into yellowcake. Once processed, the resin is recycled and trucked back to the Satellite IX Plants for reuse. These modular, efficient, and relocatable IX Plants allow for cost-effective operation across multiple sites without the need to construct full processing facilities at each location, and they can be relocated once a wellfield is depleted. Technical Disclosure and Qualified Person John M. Seeley, Ph.D., P.G., C.P.G., enCore's Chief Geologist, and a Qualified Person under Canadian National Instrument 43-101 and United States Securities and Exchange Commission (SEC) S-K 1300, has reviewed and approved the technical disclosure in this news release on behalf of the Company. About enCore Energy Corp. enCore Energy Corp., America's Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple central processing plants in operation. enCore operates the 100% owned and operated Rosita CPP in South Texas and the 70/30 joint venture Alta Mesa CPP with Boss Energy Ltd., with enCore operating as the project manager. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy. Following upon enCore's demonstrated success in South Texas, future projects in enCore's planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments. Cautionary Note Regarding Forward Looking Statements: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management's current expectations, assumptions, and beliefs. Forward-looking statements can often be identified by such words as "expects", "plans", "believes", "intends", "continue", "potential", "remains", and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results "may", "could", or "will" be taken. Forward-looking statements and information that are not statements of historical fact include, but are not limited to, any information relating to statements regarding future or potential extraction, and any other statements regarding future expectations, beliefs, goals or prospects, statements regarding the success of current and future ISR operations, including projects in our pipeline, our development plans including construction of wellfields and a satellite IX plant to feed the Rosita Project, the commencement of and timing of commencement of construction at the Project, our future extraction plans and our commitment to working with local communities and indigenous governments to create positive impact from corporate developments should be considered forward looking statements. All such forward-looking statements are not guarantees of future results and forward-looking statements are subject to important risks and uncertainties, many of which are beyond the Company's ability to control or predict, that could cause actual results to differ materially from those expressed in any forward looking statement, including those described in greater detail in our filings with the SEC and on SEDAR+, particularly those described in our Annual Report on Form 10-K, annual information from and MD&A. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with assumptions regarding project economics; discount rates; expenditures and the current cost environment; timing and schedule of the projects, general economic conditions; adverse industry events; future legislative and regulatory developments; the ability of enCore to implement its business strategies; and other risks. A number of important factors could cause actual results or events to differ materially from those indicated or implied by such forward-looking statements, including without limitation exploration and development risks, changes in commodity prices, access to skilled personnel, the results of exploration and development activities; extraction risks; uninsured risks; regulatory risks; defects in title; the availability of materials and equipment, timeliness of government approvals and unanticipated environmental impacts on operations; litigation risks; risks posed by the economic and political environments in which the Company operates and intends to operate; increased competition; assumptions regarding market trends and the expected demand and desires for the Company's products and proposed products; reliance on industry equipment manufacturers, suppliers and others; the failure to adequately protect intellectual property; the failure to adequately manage future growth; adverse market conditions, the failure to satisfy ongoing regulatory requirements and factors relating to forward looking statements listed above. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the various securities commissions which are available online at and Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Business Standard
27-05-2025
- Automotive
- Business Standard
Rane (Madras) posts over 39% YoY drop in Q4 PAT to Rs 6.5 crore
Rane (Madras) has recorded 39.4% decline in consolidated net profit to Rs 6.5 crore in Q4 FY25 from Rs 10.8 crore posted in Q4 FY24. Total revenue increased by 5.8% year-over-year (YoY) to Rs 905.3 crore during the quarter. EBITDA stood at Rs 82.8 crore for Q4 FY25 compared to Rs 72.1 crore in Q4 FY24, an increase of 14.7%. EBITDA margin was at 9.1% for Q4 FY25 as against 8.4% in Q4 FY24. EBITDA margin increased by 72 bps on account of favourable sales mix and lower other expenses. For FY25, Rane (Madras) has registered a consolidated net profit of Rs 37.6 crore (down 31.2% YoY) and total revenue of Rs 3,421.4 crore (down 2.5% YoY). The board of Rane (Madras) has recommended a dividend of Rs 10 per equity for the financial year 2024-25. Rane (Madras) (RML) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. The company manufactures various automotive products, viz. steering and suspension systems, brake components, engine components, and light metal casting components. Its products serve a variety of industry segments including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways and stationery engines. The scrip had added 0.83% to end at Rs 846.80 on the BSE today.
