Latest news with #Summit
USA Today
4 hours ago
- Sport
- USA Today
Peyton Manning's new Denver sports team picks name, unveils amazing logo
Our crest tells a story of our city, our identity, and our to see how it all comes together. ✨ Professional women's soccer is coming to Denver. With Peyton Manning on board as a minority owner, the NWSL is set to expand to Colorado ahead of the 2026 season. The club announced Tuesday that they have picked the name Denver Summit FC, a fitting title for the team set to play a mile high above sea level, not far from the Rocky Mountains. Summit beat out five other contenders in the naming process: Denver Peak FC, Colorado 14ers FC, Denver Elevate FC, Denver FC and Denver Gold FC. Denver Summit was the clear winner in a fan vote. The expansion franchise also unveiled its logo and branding on Tuesday: In separate posts, Denver Summit shared a nod to the Mile High City, and they released an (alternate?) "D" logo that will probably be appreciated by Denver Broncos fans: Peyton Manning's NWSL team has been named Denver Summit. Great branding: Manning joined the Summit's ownership group last month. 'It's a real honor to be part of something so meaningful to the Colorado community,' Manning said in June. 'I'm proud to support the growth of women's sports and excited to help build a club that our city and our state can rally behind.' Manning, who won Super Bowl 50 with the Broncos in 2015, still lives in the Denver area. His younger brother, Eli Manning, is a part-owner of Gotham FC, the NWSL's New York team. You can count on the league leaning into that brotherly rivalry when Denver and Gotham FC face off next year. Denver Summit will play at a temporary stadium in Centennial over the next two years while a stadium is built downtown. The upcoming 14,500-seat stadium is scheduled to open in Denver ahead of the 2028 season. Social: Follow Broncos Wire on Facebook and Twitter/X! Did you know: These 25 celebrities are Broncos fans.
Associated Press
8 hours ago
- Business
- Associated Press
Capital City Founder Arsha Jones Launches $5,000 Micro-Grant to Support Local Consumer Product Entrepreneurs
- Supporting Scalable Small Businesses with a Mission to Grow From Local Shelves to National Stores - WASHINGTON, D.C., July 22, 2025 (SEND2PRESS NEWSWIRE) — Arsha Jones, founder and CEO of Capital City, announced today the launch of the Capital City Micro-Grant, a $5,000 grant aimed at helping local, retail-ready entrepreneurs scale their consumer product businesses. The grant will be awarded during the Shop Made Makers Summit, a multi-day entrepreneurship experience taking place August 19–21 in Washington, D.C. 'As a founder, I know what it feels like to need just one yes, one moment, or one opportunity to grow,' said Jones. 'Capital City was built from the ground up here in D.C., and this is my way of giving back to the community that gave me my start.' Three finalists will be selected to present their business growth plans at the Summit's Reception in front of a live audience and panel of judges. Finalists will give a 3-minute flash talk that highlights their product, profitability model, and plan for scale. Arsha Jones will serve as the lead judge for the grant, alongside select industry professionals. The Capital City Micro-Grant is designed for retail-ready consumer product businesses (CPG) looking to move from local success to regional or national traction. Applicants must demonstrate how the funds will accelerate growth, expand market presence, or boost revenue. The grant and mentorship opportunities align with Capital City's growing commitment to economic empowerment and community investment, especially for underrepresented founders. About Capital City Capital City is a Black woman-owned specialty food brand based in Washington, D.C., best known for introducing the world to mambo sauce. Co-founded by Arsha Jones, the company has grown from a kitchen-table recipe into a national brand available at Target, Walmart, Amazon, and Costco. Capital City blends bold flavor with bold vision—championing community, culture, and creativity in every bottle and every initiative. About Shop Made in DC Shop Made in DC is a retail initiative with a mission to grow the District's maker community. With six D.C. locations and more than 5,000 locally made products, Shop Made in DC connects creators to customers through retail, education, and community-building. Learn more at Apply for the Capital City Micro-Grant Retail-ready entrepreneurs can apply online now at: Deadline to Apply: July 31, 2025 Event Location: Union Market District, Washington, D.C. Summit Dates: August 19–21, 2025 MEDIA CONTACT: For Media Inquiries or Interviews with Arsha Jones: Contact Alicia Maxey Greene at [email protected] or 201-647-0531 NEWS SOURCE: Capital City Keywords: Funding and Investment, Black Business Month, CEO Arsha Jones, mambo sauce, capital city, small business, entrepreneurship, grants, Small Business, Food, Finance, African American, Entrepreneurship, WASHINGTON, D.C. This press release was issued on behalf of the news source (Capital City) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P127923 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Cision Canada
12 hours ago
- Business
- Cision Canada
Summit Royalty to Acquire Cash Flowing 1.0% NSR Royalty on the Madsen Project
TORONTO, July 22, 2025 /CNW/ - Summit Royalty Corp. (" Summit" or the " Company"), a private royalty and streaming company, is pleased to announce that it has entered into a definitive agreement to acquire an existing 1.0% net smelter return ("NSR") royalty on the producing Madsen Project (" Madsen") from a Fund managed by Sprott Resource Lending Corp. for total consideration of $9.9 million. Madsen is located in the prolific Red Lake mining district of Ontario and is 100% owned and operated by West Red Lake Gold Mines Ltd. (TSXV: WRLG) (" West Red Lake"). Unless otherwise indicated, all $ amounts are expressed in US dollars. "We are very pleased to announce this royalty acquisition on a producing mine within Canada that materially enhances Summit's existing royalty portfolio," said Drew Clark, Founder and President of the Company. "Madsen is a storied mine within the prolific Red Lake mining district, having produced over 2.5 million ounces of high-grade gold during its lifetime. This acquisition materially increases Summit's cash flow and is accretive across all metrics and, importantly, provides Summit with a substantial portion of the Company's pro-forma net asset value to Canada. This acquisition also demonstrates our ability to continue to source deals on a bilateral basis outside of a typical sales process, which we will continue to do as we grow Summit into a preeminent cash flowing junior royalty and streaming company focused on precious metals." Key Acquisition Terms and Transaction Highlights A 1.0% NSR royalty that covers all mineral properties comprising Madsen, covering approximately 4,700 ha of highly prospective exploration ground. $9.9 million purchase price, with $7.9 million in cash due at closing and a contingent $2.0 million cash payment due after the earlier of: (i) production on Madsen exceeding 60 Koz of recovered gold (annualized) for three consecutive quarters; and (ii) total production on Madsen reaching a cumulative 150 Koz of recovered gold from the date of signing the definitive agreement. Accretive to Summit's pro-forma net asset value, revenue and cash flow per share, while allowing for potential tax synergies as a Canadian-domiciled corporation. Peak royalty revenue of over $2.5 million per annum, based on the analyst consensus production profile on Madsen and consensus gold prices. In conjunction with the previously announced reverse takeover of Eagle Royalties Ltd. (the " RTO Transaction") announced in Summit's July 2, 2025 news release, nearly half of Summit's pro-forma net asset value will be located in Canada following completion of the RTO Transaction and the acquisition of the NSR royalty on Madsen. Project Background Madsen is an underground gold mine located in Red Lake, Ontario, and is currently ramping-up to commercial production, which is expected in Q4-2025. West Red Lake acquired Madsen in 2023 and has since invested over C$160 million focused on technical and development work. When combined with the previous operator, over C$500 million has been invested in Madsen since 2017. Historically, Madsen produced 2.5 Moz Au at 9.7 g/t Au between 1938 to 1976 and 1997 to 1999. In May 2025, West Red Lake completed a 14,490 tonne bulk sample that resulted in strong grade and contained gold reconciliation and confirmed the efficacy of their strong emphasis on tighter drill spacing. As of December 31, 2021, and using a gold price of US$1,800 per ounce, Madsen had an Indicated Resource of 6.9 Mt at a grade of 7.4 g/t Au containing 1.7 Moz of gold, and an Inferred Resource of 1.8 Mt at a grade of 6.3 g/t Au containing an additional 0.4 Moz of gold. This 2021 resource estimate, done at a materially lower gold price, does not include the substantial amount of drilling completed by the previous operator and West Red Lake since the beginning of 2022. As of June 30, 2024, and using a US$1,680/oz gold price, Madsen has a Probable Reserve of 1.8 Mt at 8.2 g/t Au containing 0.5 Moz of gold. Royalty Coverage Area Advisors Haywood Securities Inc. is acting as financial advisor and Bennett Jones LLP is acting as legal advisor to Summit in connection with the acquisition of the NSR royalty and RTO Transaction. About Summit Royalty Corp. Summit is a private precious metals streaming and royalty company with an aggressive growth trajectory. Summit's current portfolio is backstopped by cash flow production with additional expansion and exploration upside. Summit intends to rapidly expand to be the next mid-tier streaming and royalty company through a series of actionable and accretive acquisitions which, given Summit's size, can have an outsized effect on its production and cash flow growth. Summit currently has no debt and sufficient cash on-hand for use in future acquisitions. Summit intends to complete a go-public transaction before year-end 2025. ON BEHALF OF THE BOARD OF DIRECTORS OF SUMMIT ROYALTY CORP. Drew Clark, President and Director [email protected] Qualified Person The scientific and technical information in this news release has been reviewed and approved by Richard Breger, Professional Geoscientist PGeo., member of the Association of Professional Geoscientists of Ontario and a technical advisor to Summit. Mr. Breger is a qualified person for purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101") and independent of Summit for purposes of Section 1.5 of NI 43-101. Forward-looking Statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans projections, objectives, assumptions, future events or performance (often, but not always, using phrases such as "expects", or "does not expect", "is expected", "interpreted", management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "potential", "feasibility", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This news release contains forward-looking information pertaining to, among other things: the completion of the acquisition of the NSR on Madsen; the anticipated increase to Summit's cash flow, accretive effects and redistribution of Summit's pro forma net asset value; the Company's growth strategy; the deferred cash payment and future production on Madsen; the anticipated increase in cash flow per share; the potential tax synergies resulting from the acquisition; the expected peak royalty revenue of Madsen; the anticipated actions of the operator of Madsen, including expected timing of commercial production, if any; the Company's ability to expand and complete a series of actionable and accretive transactions; and the anticipated timing and completion of any go-public transaction, including the RTO Transaction. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: future prices of gold and silver; and the accuracy of anticipated production and cash flow from Madsen. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expected or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; the global economic climate; fluctuations in commodity prices; the ability of the Company to complete further acquisition activities; community and non-governmental actions; risks involved in the mineral exploration and development industry; the ability of the Company to retain its key management employees and skilled and experienced personnel; and other risks applicable to junior production royalties companies. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Korea Herald
15 hours ago
- Business
- Korea Herald
12th Milken Institute Asia Summit To Be Held in Singapore, Spotlighting Progress with Purpose Amidst Global Uncertainty
Over 1,500 CEOs, policymakers, entrepreneurs, investors, and government leaders are expected to join the Institute's annual Asia Summit in October. SINGAPORE, July 22, 2025 /PRNewswire/ -- The Milken Institute announced today the return of its Asia Summit in Singapore, to take place October 1–3. The annual Summit will be held at the Four Seasons Hotel and is expected to welcome top leaders and senior executives across government, business, technology, and finance. Over three days of tailored programming, this year's agenda focuses squarely on the fragmented new world order and the rapidly intensifying global geopolitical tension, seeking optimism through gainful partnership and fostering purposeful, progressive collaboration. The theme of this year's Summit— Progress with Purpose: Collaboration Amid Complexity —accentuates the region's rapidly evolving landscape, marked by the backdrop of geopolitical fragmentation, the rise of unilateralism, and the sluggish global economic stagnation. Amid this tumult, with over 1,500 prominent leaders, experts, investors, and asset allocators in attendance, the Summit seeks to chart a course for purposeful progress and encourage collaboration through compelling panel discussions, fireside conversations, and private roundtables. Distinguished guests in attendance will be able to engage and interact with global leaders and luminaries through carefully curated networking sessions and private discussion dialogues. All public panel discussions will also be broadcast live on the Milken Institute's website, making the content accessible to audiences around the world. "In a world where geopolitical realignments and geoeconomic fragmentation are redefining the rules of engagement, Asia remains a dynamic force, both adapting to, and shaping the contours of global growth. The region's strategic relevance is no longer just about scale, but about its agility in navigating complexity, from reconfiguring supply chains to leading in digital innovation and capital formation." said Laura Deal Lacey, Executive Vice President of International at the Milken Institute. "As the world enters a new phase of globalization—less uniform, more regional, and increasingly multipolar—the 12th Milken Institute Asia Summit serves as a critical platform for connecting decision-makers who aren't just reacting to change but want to collaborate. Our ambition is to spark conversations and connections that lead to long-term investment, innovation, solve regional challenges and drive shared prosperity." Since establishing its Asia headquarters in Singapore in 2014, the Milken Institute has made significant commitments to the region. The Institute's engagements in Asia included the launch of its Global Dinner Dialogues in South Korea, two editions of the Global Investors' Symposium in Hong Kong, and the publication of research reports, whitepapers, and its Financial Innovations Lab that focused on bridging financial, health, and technological gaps in Asia. Most recently, the Institute inked a Memorandum of Understanding with the Singapore Tourism Board to anchor the Asia Summit in Singapore from 2026 to 2028. "The Asia Summit is the annual gathering in Singapore where delegates and panelists interact to discuss policy and politics that impact major investment decision," said Robin Hu, Asia Chair at the Milken Institute. "ASEAN states are pursuing strategic ambiguity with remarkable discipline. While economic interdependence between China and ASEAN remains robust, the region is also central to U.S. Indo-Pacific strategy. The result is a dynamic contest for influence, where local actors have become highly adept at managing external pressures." For information about the 12th Milken Institute Asia Summit, please visit For sponsorships, partnership engagements, and program collaborations, please email asia@ For media inquiries or to apply for press credentials at the event, please reach out to Yeen Chong at ychong@ About the Milken Institute The Milken Institute is a nonprofit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what's pressing now and what's coming next. For more information, visit About Milken Institute International Milken Institute International extends the reach and impact of Milken Institute programs, events, and research by focusing on the role that health, finance, and philanthropy play in addressing social and economic issues around the world. We leverage the Institute's global network to tackle regional challenges and integrate regional perspectives into developing solutions to persistent global challenges. For more information, visit
The Standard
19 hours ago
- Politics
- The Standard
Iranian foreign minister says Iran cannot give up on nuclear enrichment
Iran's Foreign Affairs Minister Seyed Abbas Araghchi, attends the opening meeting of BRICS Summit, at the Museum of Modern Art (MAM) in Rio de Janeiro, Brazil July 6, 2025. REUTERS/Ricardo Moraes/File Photo
