Latest news with #Volta
Hans India
3 days ago
- Hans India
How to Find the Best GPU for AI?
New Delhi [India], July 16: As artificial intelligence continues to reshape industries, the hunger for high-performance computing resources just keeps growing. And when it comes to powering AI innovation, one of the unsung heroes is the GPU VPS. From training those massive neural networks to running real-time inference that blows your mind, the GPU you choose literally shapes your entire AI pipeline. But let's be real, with so many models, specs, and VPS providers out there, figuring out the "best" GPU for AI can feel a bit tough. So, your first big step? getting a handle on the technical metrics and architectural advantages of what's on offer. GPU Architecture When you're sifting through GPUs for those demanding AI workloads, there are three critical elements you absolutely have to zero in on: tensor cores, CUDA cores, and memory bandwidth. These guys are the real muscle. Tensor cores, first popping up with NVIDIA's Volta architecture and continuously refined through the Ampere and Hopper generations, are specialized wizards at mixed-precision calculations (think FP16, BF16, INT8). They can dramatically slash your training times, which is a huge win. Then you've got CUDA cores, the general-purpose workhorses that determine how versatile your GPU will be across different frameworks. Bandwidth is often overlooked, but it can quickly become a bottleneck when you're training large models, especially with those hungry transformer architectures. For instance, the NVIDIA A100 boasts a whopping 2 TB/s of memory bandwidth. Here's a quick rundown of some leading GPUs: GPU Model VRAM CUDA Cores Tensor Cores Memory Bandwidth Ideal Use Case NVIDIA A100 40–80 GB 6912 432 1555 GB/s LLM training, multi-GPU setups RTX 4090 24 GB 16384 512 1008 GB/s Deep learning, generative AI RTX 3080 10–12 GB 8704 272 760 GB/s Model prototyping, DL training Tesla T4 16 GB 2560 320 320 GB/s Inference, low-power tasks RTX 3060 12 GB 3584 112 360 GB/s Entry-level experimentation Performance Benchmarks and Profiling Your AI Workload Before committing to a GPU VPS, it's crucial to test models with your specific AI workload. Real-world performance varies wildly based on model complexity and optimization. For example, CNNs for image classification behave differently than transformer-based architectures for natural language processing—it's like comparing apples and oranges! Forget raw core counts; FLOPS, memory latency, and inference throughput tell the real story. An RTX 4090 might have more CUDA cores than an A100, but its lower FP64 performance makes it less ideal for scientific AI, though it's a beast for generative tasks like GANs. See the difference? Profiling your workload with tools like NVIDIA Nsight or PyTorch's isn't just an option; it's a must-do. It'll pinpoint GPU utilization, highlight bottlenecks, and show how your model scales. Deployment Models Picking the best GPU for AI isn't just about raw power, but also how you deploy it. A GPU VPS offers sweet advantages: remote accessibility, elastic scaling, and less infrastructure overhead. But be smart—evaluate your provider's latency and virtualization overhead. Some GPUs shine in bare-metal configurations, while others excel in virtual environments using NVIDIA GRID and vGPU. For latency-sensitive apps, even slight virtualization overhead can impact performance. Look for PCIe Gen4 support and low I/O contention. Cost-wise, pricing scales with VRAM and GPU generation. A smart approach is to start with mid-range GPUs like the 3080 for inference, then step up to A100s or H100s for larger model training. It's all about playing it smart! Fresh GPU Insights A fascinating Cloudzy blog deep-dive recently showed how developers fine-tune AI by matching project scale with GPU architecture. It highlighted that memory bandwidth and tensor core utilization are often under-optimized due to poor GPU choices. For instance, an AI team saw their language translation's inference latency slashed by 35% by upgrading from a 3060 to a 3080 Ti, with minimal cost increase. This confirms that understanding workload demands beats just grabbing the most expensive GPU. Plus, Cloudzy's infrastructure offers pre-configured environments for TensorFlow, PyTorch, and JAX, meaning faster experimentation and iteration while keeping full control. Pretty neat, right? Wrapping Up To truly nail down the best GPU for your AI journey, look past brand names. Dive into architecture, workload requirements, and deployment contexts. Tensor core efficiency, memory bandwidth, and a scalable VPS infrastructure are your secret weapons for accelerating AI innovation without unnecessary costs. By dissecting your workload, benchmarking performance, and picking a GPU VPS that aligns with your strategy, you'll be in the best position to train, deploy, and optimize your AI models in today's competitive landscape. It's a bit of work, but trust me, it pays off big time!
Yahoo
24-06-2025
- Business
- Yahoo
Volta Finance Limited - Net Asset Value(s) as at 31 May 2025
Volta Finance Limited (VTA / VTAS)May 2025 monthly reportNOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES Guernsey, June 24, 2025 AXA IM has published the Volta Finance Limited (the 'Company' or 'Volta Finance' or 'Volta') monthly report for May 2025. The full report is attached to this release and will be available on Volta's website shortly ( Performance and Portfolio Activity Dear Investors, In May, Volta Finance's net performance reached +3.3% bringing the performance from August 2024 to date to +10.7%. Our investments in CLO Debt and CLO Equity recovered some of their post-liberation day volatility due to improved market sentiment. May saw a more positive macroeconomic environment, helping markets recover most of the losses from the previous month. The 90-day tariff rollback from Washington towards China signaled a pause in the U.S. Both European and US Equity markets rose sharply, while credit indices showed a V-shaped recovery. U.S. 30-year Treasury yields rose above 5% for the first time since October 2023 after Moody's downgraded the U.S. credit rating. Although yields fell back later in the month, this jump reminded investors of ongoing worries about fiscal health. In terms of macroeconomic data, US inflation was encouraging as CPIs cooled to 2.3 % year-on-year while the euro-area inflation held at 2.2 %. Impacted by tariffs, the U.S. Q1 GDP contracted by an annualized 0.3 % due to pre-tariff stockpiling, while the Eurozone experienced growth of +0.3% quarter-on-quarter, supported by resilient demand in the Services industry. Labor markets also showed positive figures on both sides of the Atlantic, with the euro-area unemployment rate reaching a record-low of 6.2 % notably. Credit markets performed strongly in May. The European High Yield index (Xover) was around 50bps tighter and closed 300bps. On the Loan side, Euro Loans closed almost 1pt up at 97.80px (Morningstar European Leveraged Loan Index) while US Loans closed c. 1 pt up at 96.70px. The primary CLO markets were active again, with levels tightening across the capital structure, notably with BBs in the Mid +500bps. In terms of performance, US BBs total returned +3% on the month. For comparison, US High Yield returned +1.7% in the same period while Euro High Yield was down +1.3% and Global Loans up +1.5%. In terms of loan fundamentals, default rates remained steady at 4.4% in the US (including Liability Management Exercises) but we noticed an uptick in downgrades with 12% of B- exposures downgraded down to CCC category by S&P in the US loan market. Due to ongoing uncertainties, we consciously decided not to fully reinvest our 16% cash position at the end of April. We ended May with c.10% of Volta's NAV in cash, with capital deployment into €10.7m of CLO debt tranches as well as into our 2 warehouses. Our European CLO warehouse was converted into an effective CLO Equity at the end of the month. In addition, Volta Finance's cashflow generation remained stable at €28.1m equivalent in interests and coupons over the last six months, representing close to 21% of May's NAV on an annualized basis. Over the month, Volta's CLO Equity tranches returned +5.9%** while CLO Debt tranches returned +2.8% performance**. The dollar slipped to a six-week low against the Euro at $1.15 per Euro with very limited impact of our long dollar exposure in terms of performance (-0.02%). In this uncertain macroeconomic environment, we have kept our net long USD exposure at c.13% to limit the potential for margin calls. As of end of May 2025, Volta's NAV was €271.8m, i.e. €7.43 per share. *It should be noted that approximately 0.24% of Volta's GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta's NAV has already been published. Volta's policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta's appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 0.17% as at 30 April 2025, 0.07% as at 31 March 2025. ** 'performances' of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket. CONTACTS For the Investment ManagerAXA Investment Managers ParisFrançois +33 (0) 1 44 45 80 22 Olivier (0) 1 44 45 87 30 Company Secretary and AdministratorBNP Paribas S.A, Guernsey +44 (0) 1481 750 853 Corporate BrokerCavendish Securities plcAndrew WorneDaniel Balabanoff+44 (0) 20 7397 8900 ***** ABOUT VOLTA FINANCE LIMITED Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange's Main Market for listed securities. Volta's home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands. Volta's Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO's and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets. ***** ABOUT AXA INVESTMENT MANAGERSAXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,800 professionals and €859 billion in assets under management as of the end of June 2024. ***** This press release is published by AXA Investment Managers Paris ('AXA IM'), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the 'AIFM Directive') of Volta Finance Limited (the "Volta Finance") whose portfolio is managed by AXA IM. This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are 'U.S. persons' for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States. ***** This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance. *****This press release contains statements that are, or may deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "anticipated", "expects", "intends", "is/are expected", "may", "will" or "should". They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance's investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance's actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements. Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved. The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM's belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results. The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such. Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide - 92800 Puteaux. AXA IMP is authorized by the under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive. ***** Attachment Volta - Monthly report-May 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Volta Options Springer Rare Earth and Gallium Deposit
Toronto, Ontario--(Newsfile Corp. - June 10, 2025) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) ("Volta" or the "Company") is pleased to announce that, further to the Company's press release issued on February 27, 2025, the Company has entered into a definitive option agreement dated June 9, 2025 (the "Definitive Agreement") with RZJ Capital Management, LLC (the "Vendor") to acquire an initial 80% interest (the "First Option") and up to a 100% interest (the "Second Option") in the Lavergne-Springer ("Springer") Rare Earth and Gallium project (the "Transaction") located 80km east of Sudbury, Ontario, Canada (the "Project" or "Property") (Figure 1), subject to certain encumbrances as noted below. The Project consists of 5,000 hectares of patented and non-patented claims and contains a historic NI 43-101 mineral resource for Total Rare Earth Oxides ("TREO") of 4.167mt at 1.073% TREO indicated and 12.73mt at 1.119% TREO in the inferred resource category at a cut-off of 0.9%. Mineralization starts at surface, the deposit remains open for expansion, and the large Property is underexplored for REE-Ga mineralization. Project Highlights Advanced Rare Earth Project (REE) with associated high-grade Light REE and gallium near Sturgeon Falls, Ontario. Excellent infrastructure with paved road access (1 hour from the Sudbury Mining Hub), rail and hydroelectric power servicing the Property (Figure 2). Multiple wide, shallow intercepts of +100m at >1% TREO, including one of the final drill holes finishing in 12m at 5% TREO with no subsequent follow-up drilling. Consistent elevated gallium intercepts ranging from 57 to 120 g/t over thick intervals, including 87.5m at 76.4 g/t and 88m at 62 g/t gallium. Positive initial laboratory scale metallurgical test work to produce an upgraded Light Rare Earth concentrate. 5,000 Ha property with patented claims covering the known deposit and unpatented claims covering potential extensions to the east and west. The Springer Deposit Tetra Tech Wardrop of Toronto completed the (historic) resource estimate in May 2012 for Rare Earth Metals Inc., which was a junior exploration company listed on the TSX Venture Exchange (Table 1 and 2). The mineral resource estimate was completed in accordance with CIM Best Practices and Disclosure guidelines in accordance with NI 43-101 at that time, and Volta has no reason to believe that the mineral resources estimate contained is not relevant or reliable as of the date hereof (Figure 1). Figure 1. Springer REE Deposit (blue), with Gallium (brown) view an enhanced version of this graphic, please visit: Table 1. Indicated Resource Estimate for the Springer Deposit TREO% Cut-off Density Tonnes ('000) LREO% HREO%* TREO% HREO:LREO Ratio ThO2% 1.30 2.59 759 1.363 0.080 1.443 6 0.018 1.20 2.60 1,384 1.280 0.074 1.353 5 0.017 1.10 2.60 2,124 1.209 0.072 1.281 6 0.017 1.00 2.60 3,028 1.143 0.069 1.212 6 0.016 0.90 2.60 4,167 1.073 0.066 1.139 6 0.016 0.80 2.60 6,022 0.987 0.062 1.049 6 0.015 0.70 2.61 8,249 0.910 0.058 0.967 6 0.014 0.60 2.61 10,719 0.840 0.054 0.894 6 0.013 *: Includes yttrium oxide (Y2O3) Table 2. Inferred Resource Estimate for the Springer Deposit TREO% Cut-off Density Tonnes ('000) LREO% HREO%* TREO% HREO:LREO Ratio ThO2% 1.30 2.65 2,805 1.482 0.053 1.535 3 0.010 1.20 2.65 4,405 1.378 0.053 1.431 4 0.010 1.10 2.65 6,531 1.285 0.053 1.337 4 0.011 1.00 2.64 9,433 1.196 0.052 1.249 4 0.011 0.90 2.65 12,732 1.119 0.051 1.170 4 0.011 0.80 2.65 18,274 1.024 0.048 1.072 5 0.010 0.70 2.65 25,917 0.931 0.045 0.976 5 0.009 0.60 2.65 38,876 0.825 0.041 0.866 5 0.008 *: Includes yttrium oxide (Y2O3) The mineral resource, based on 22 diamond drill holes, was estimated by the Ordinary Kriging interpolation method on uncapped grades for all 15 Rare Earth Oxides ("REO"). The TREO% is a sum of the 15 individual interpolations of the REOs. The resource estimate was prepared using a single interpreted domain using a grade shell of 0.31 TREO%. A cut-off grade of 0.9 TREO% was chosen for the deposit resource estimate based on comparable deposits at the time (Table 1 and Table 2). No recoveries have been applied to the interpolated estimates. Volta is unaware of any other work having been completed on the Project since the 2012 mineral resource estimate. The resource estimate presented for the Springer project is historic in nature. Volta's qualified person has not completed sufficient work to confirm the results of the historical resource. Volta is not treating this as a current mineral resource but is considering it relevant as a guide to future exploration and is included for reference purposes only. Volta will require further drilling to verify the historic estimate as current mineral resources. Figure 2. Location of Springer Rare Earth Project in OntarioTo view an enhanced version of this graphic, please visit: Infrastructure The Project is located 8 km outside of Sturgeon Falls, Ontario, near the Trans-Canada Highway, the Sturgeon Falls Power Station, and the Railway Station. The Crystal Falls Power Station is located 7 km east of the project site, and power lines and paved roads run across the Property (Figure 3). The Project site is accessible from Sudbury and North Bay and is workable year-round. Figure 3. (a) Sturgeon Falls Power Dam and (b) Crystal Falls Power Lines on PropertyTo view an enhanced version of this graphic, please visit: Gallium Intercepts Historic drilling also returned thick intercepts of high-grade Gallium (Table 3). For reference, the Codero Deposit in Nevada is one of the largest unmined primary gallium deposits in North America, with a reported resource of 15M tonnes at 47.7ppm, with a cut-off grade at 30ppm ( Gallium is a critical component in the semiconductors, telecommunications, and renewable energy sectors and may also be considered as a possible heat exchange medium in nuclear reactors. Canada and the U.S. rely on gallium for telecommunications, defense, and green energy. Gallium is also used in semiconductors, AI circuitry, radar and microchips. On December 3, 2024, China announced an immediate ban on the export of multiple critical metals, including gallium, exacerbating supply chain challenges. China currently accounts for 98% of worldwide primary low-purity gallium production. Examination of the drill database and 3D modelling by the Company as part of its due diligence suggests that the Springer deposit may contain a significant gallium resource. There has been no petrographic or metallurgical testwork completed on the gallium; consequently, it is currently unknown if it is recoverable and/or could form a potentially valuable by-product. Future work will seek to address this. The Company intends to drill and update the 2012 resource estimate in the upcoming exploration season. Table 3. Gallium & REE Composite Assays from 2012 Drilling Borehole From (m) To (m) Interval (m) Ga2O (g/t) Nb2O5 % La2O3 (g/t) CeO2 (g/t) Pr6O11 (g/t) Sm2O3 (g/t) Nd2O3 (g/t) LREO (g/t) HREO (g/t) SL-11-01 132.4 219.9 87.5 102.7 0.09 4,027 7,296 724 256 2,312 14,673 868 SL-11-02 213.8 277.0 63.2 96.2 0.05 3,420 5,106 739 235 1,988 12,858 714 SL-11-03 86.6 94.1 7.6 80.1 0.06 3,950 6,686 606 156 1,753 13,182 216 SL-11-03 101.4 113.4 12.0 102.2 0.07 5,373 9,376 902 279 2,662 18,654 455 SL-11-03 135.9 153.2 17.3 97.2 0.05 5,451 8,909 828 959 2,326 17,760 266 SL-11-03 178.6 189.1 9.0 77.7 0.07 6,988 11,686 1,122 347 3,369 23,587 508 SL-11-03 209.9 223.9 14.0 95.8 0.03 10,341 18,006 1,715 706 5,463 36,390 1,051 SL-11-03 247.9 252.9 5.0 97.3 0.03 11,805 19,517 1,779 672 5,402 39,328 924 SL-12-08 19.0 37.0 18.0 83.3 - 5,653 9,722 967 346 3,078 19,838 649 SL-12-08 37.0 125.0 88.0 83.3 - 3,514 6,537 693 302 2,352 13,463 633 SL-12-09 66.0 102.0 36.0 77.0 - 2,847 6,378 767 397 2,958 13,471 677 SL-12-18 94.7 101.7 7.0 86.4 - 2,676 5,842 702 509 2,789 12,629 403 Transaction Terms The patented claims that comprise the Property are subject to an underlying option agreement (the "Underlying Agreement") between the Vendor, as optionee and certain optionors (the "Underlying Optionors"). The Company has the right to become the optionee under the Underlying Agreement in the event of a default by the Vendor under such agreement. In order to earn an 80% interest in the Property, Volta must: On the closing date of the Definitive Agreement, issue an aggregate of 10,000,000 Common Shares to the Vendor (the "Closing Shares"), make a cash payment of $100,000 to the Vendor, and an aggregate cash payment of $220,400 to the Underlying Optionors; On or before the first anniversary of the execution date of the Definitive Agreement (the "Execution Date") issue an aggregate of 2,500,000 Common Shares to the Vendor (the "First Anniversary Shares"), and make an aggregate cash payment of $266,000 to the Underlying Optionors; and On or before the second anniversary of the Execution Date, issue an aggregate of 2,500,000 Common Shares to the Vendor (the "Second Anniversary Shares"), make an aggregate cash payment of $266,000 to the Underlying Optionors, a cash payment of $160,000 to the Vendor, and an additional cash payment of $76,000 to the Underlying Optionors. Upon exercise of the First Option, the Company will grant the Vendor a 2.0% net smelter returns royalty on the unpatented claims which comprised the Property (the "Granted Royalty"), of which of which 1% of the Granted Royalty may be bought back for $1,000,000 and assume the obligation to pay 80% of the existing 2.85% net smelter returns royalty on the patented claims which comprise the Property (the "Existing Royalty"), of which 0.95% of the Existing Royalty may be bought back for $950,000. The patented claims which comprise the Property are subject to the rights of a certain owner of a 5% interest in such claims (the "Remaining Holder"), accordingly, the First Option is with respect to an 80% interest to 95% of the patented claims and 100% of the unpatented claims. Pursuant to the Definitive Agreement, the Company may acquire the remaining 20% interest (the "Remaining Interest") until the date that is twelve months following the completion of a feasibility study on the Property by paying the Vendor the fair market value of the Remaining Interest at the time of exercise. Closing of the Transaction is subject to certain terms and conditions, including but not limited to the approval of the Canadian Securities Exchange. All Common Shares issued pursuant to the Transaction will be subject to a hold period of four months and one day from the date of issuance. In addition, certain of the Closing Shares shall be subject to the following trading restrictions: 2,500,000 Closing Shares shall not be tradeable until after the date that is six (6) months from the Closing Date, 2,500,000 Closing Shares shall not be tradeable until after the date that is twelve (12) months from the Closing Date and 2,500,000 Closing Shares shall not be tradeable until after the date that is eighteen (18) months from the Closing Date. Qualified Person The technical content of this news release has been reviewed and approved by Andrew Tims, who is an independent Qualified Person (QP) as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The QP and the Company have not completed sufficient work to verify the historical information on the Project. For more information about the Company, view Volta's website at ABOUT VOLTA METALS LTD. Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) is a mineral exploration company based in Toronto, Ontario, focused on REE, gallium, lithium, cesium, and tantalum. It has optioned and is currently exploring a critical minerals portfolio of REE, gallium, lithium, cesium, and tantalum projects in northwestern Ontario, considered one of the world's most prolific, emerging hard-rock lithium districts. To learn more about Volta and its Aki Project and its recently acquired Springer Project, please visit ON BEHALF OF THE BOARD For further information, contact: Kerem Usenmez, President & CEOTel: 416.919.9060Email: info@ Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to product development, plans, strategies, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking information in this news release includes, but is not limited to, the timing and anticipated completion of the Transaction, the entering into of the Definitive Agreement, regulatory approvals for the Transaction, that the Transaction is transformative for Volta, statements regarding the Transaction, the ability to complete the Transaction on the terms provided herein or at all, the receipt of all necessary approvals, the Company's planned exploration activities and the Company's aim to prevent and minimize impacts on the First Nations through a variety of mitigation measures and offsetting benefits. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: that the Company may not close the Transaction on the terms contemplated or at all, that due diligence with respect to the Transaction will not be favourable, that the Transaction may not be consummated, that the rights of the Remaining Holder will impede the Company's ability to conduct exploration activities on, and potential develop, the Property, the risks detailed from time to time in the filings made by the Company with securities regulators; the fact that Volta's interests in the Property are options only and there are no guarantee that such interest, if earned, will be certain; the future prices and demand for lithium; and delays or the inability of the Company to obtain any necessary approvals, permits and authorizations required to carry out its business plans. The reader is cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking statements. 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. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required by law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Bawaba
30-05-2025
- Business
- Al Bawaba
Ninth Huawei ICT Competition Global Final Concludes with Middle East & Central Asia Teams Earning Top Honors
The 9th Huawei ICT Competition Global Final 2024-2025 concluded in Shenzhen with a glittering closing ceremony and awards presentation. Sixteen teams from nine Middle East and Central Asia (ME&CA) countries — Pakistan, Saudi Arabia, Uzbekistan, Qatar, Kazakhstan, Bahrain, Iraq, Jordan, and Lebanon — competed across the Innovation Track and Practice Track, securing four first prizes, four second prizes, and eight third 16 teams advanced from a highly competitive regional selection process that attracted over 31,000 university students and faculty from more than 640 institutions across 19 countries in Middle East and Central Asia (ME&CA). The 62 students and faculty who formed the 16 qualifying teams demonstrated strong technical skills and innovation capabilities at the Global Final. The Comsats University Islamabad team from Pakistan won first prize in the Innovation Track. The Qatar University of Doha for Science and Technology team won second with their "BeMySense" project, a real-time cross-platform communication assistance system that uses AI, computer vision, and natural language processing to enable sign language and voice interaction. The third prize went to team Volta from Uzbekistan and NABEEH from Saudi Arabia."We sincerely thank Huawei for providing us with such a valuable learning and competition platform," said a member of the Qatar team. "Our experience in China was incredibly rewarding, especially the opportunity to interact with outstanding teams worldwide. Their ideas showcased how technology creates value for society."The all-female NABEEH team from Saudi Arabia also took home the "Women in Tech" award. Huawei also presented Green Development Awards to recognize teams addressing environmental challenges through technology the Practice Track, ME&CA teams dominated the Network category, with first prizes awarded to teams from Bahrain, Kazakhstan, and Jordan, while the Pakistan team emerged in third place. In the Computing Track, the teams from Kazakhstan and Pakistan took the second prize, while the Lebanese and Iraqi teams attained third place. Meanwhile, the team from Lebanon took second place in the global finals of the Cloud Track, with representatives from Pakistan, Iraq, and Kazakhstan claiming Engagement and Educational ForumsThe competition drew international attention, with diplomatic representatives in attendance to present awards to their national teams. The Counselor from the Embassy of Kazakhstan in China and officials from the Saudi Consulate General in Guangzhou presented awards to the winning teams from their respective countries.A roundtable forum moderated by Tavsultanova Tamara, Executive Manager of Huawei's ICT Talent Partner Development Department, brought together participants from government, industry, and academia to discuss "Embracing the Future: Educational Evolution Trends and Innovation." The panel included Dr. Omar Alzubi, Dean of Al Balqa Applied University in the 2025 Huawei Most Valuable Instructor Forum, held on May 21, gathered nearly 200 ICT Academy teachers and industry experts to share teaching practices and explore school-enterprise cooperation models. Mardin Anwer, Associate Professor at the College of Engineering, Salahaddin University, presented her teaching achievements following a global selection process. Eighteen instructors from 10 countries received Most Valuable Instructor Izdenova, AI-Sana Project Manager at the Science Foundation of the Ministry of Education and Science of Kazakhstan, delivered a keynote on how industry standardization can drive educational advancement and how the "AI-Sana" program accelerates AI startup development and education Mohamed Madkour, Vice President of ICT Strategy & Marketing, Huawei Middle East and Central Asia, said, "This competition demonstrates how students can harness emerging technologies to address society's most pressing challenges. Through mastering cloud computing, AI, and big data analytics, participants are not just learning technical skills but developing solutions that can transform industries from healthcare to education while keeping sustainability and digital inclusion at the forefront of innovation."During the event, Huawei hosted an AI Accelerating Education Transformation Summit and announced the AI Capability of the Huawei ICT Academy Intelligent Platform. Participants also visited Huawei's Ox Horn Campus and Exhibition Hall to learn about the company's research and ICT practices. Since its launch in 2015, the Huawei ICT Competition has engaged over 960,000 students and faculty members from more than 2,000 institutions across 100 countries and regions. The competition is included in China's national list of university competitions and serves as a key partner program of UNESCO's Global Skills Academy. The competition addresses the growing demand for skilled professionals in AI, big data, and cybersecurity through multiple tracks, industry-academia collaboration, and curriculum development initiatives.
Yahoo
23-05-2025
- Business
- Yahoo
Volta Finance Limited - Net Asset Value(s) as at 30 April 2025
Volta Finance Limited (VTA / VTAS)April 2025 monthly reportNOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES Guernsey, May 23rd, 2025 AXA IM has published the Volta Finance Limited (the 'Company' or 'Volta Finance' or 'Volta') monthly report for April 2025. The full report is attached to this release and will be available on Volta's website shortly ( Performance and Portfolio Activity Dear Investors, Volta Finance's net performance for the month of April was negative -2.4%, taking the Aug 2024-to-date performance to +7.1%. Both our investments in CLO Debt and CLO Equity have experienced volatility post-liberation day, reflected in the valuation of the underlying assets of the fund. April was dominated by highly volatile markets driven by a confluence of macroeconomic and geopolitical events. On April 2, 2025, President Trump announced aggressive tariff policies aimed at addressing trade imbalances and bolstering U.S. economic sovereignty. Key measures included a 10% baseline tariff on all countries, with higher reciprocal tariffs on countries with significant trade deficits. These tariffs prompted swift responses from trading partners, notably escalating tensions with China, leading the U.S. to further increase tariffs on Chinese products to 145%. These announcements triggered immediate market reactions, causing U.S. and European stock indices to experience sharp declines amid fears of disrupted supply chains and higher costs. Markets partially recovered by month's end as the Trump administration declared a 90-day tariffs pause on all countries that did not retaliate. From a macroeconomic perspective, sentiment was mixed. The April U.S. jobs report indicated resilience, with 177,000 jobs added—surpassing expectations—and the unemployment rate holding steady at 4.2%. However, GDP data painted a less optimistic picture, with a -0.3% annualized contraction in Q1 2025, sharply down from the previous quarter's 2.4% growth. Increased imports and reduced government spending drove this decline, prompting the IMF to revise recession risks upward from 25% to 40%, while the Federal Reserve lowered its 2025 GDP growth forecast to 1.7%. In Europe, the ECB cut interest rates by 25 basis points to 2.25% amid weakening growth prospects and tariff-related uncertainties, also revising the bloc's 2025 growth forecast down to 0.9% from 1.1%. Market-wise, the European High Yield index (Xover) closed around 40bps wider while Euro Loans lost 1pt at 97.80px (Morningstar European Leveraged Loan Index). US Loans were down as well (-85cts) at 96.30px. Primary CLO markets remained busy as many transactions had secured orders, while levels moved wider across the capital structure, notably with BBs north of +600bps and single-Bs above +900bps. In terms of performance, CLO BB tranches total returns reached -1.5%. This is to be put in perspective with US High Yield returning -1.07% in the same period and Euro High Yield -1%. In terms of defaults, Liability Management Exercises (aka 'LME') are now the norm in the US market. Default rate in the US is standing at c.4.3% (0.8% excluding LME) according to Morningstar LL Index while the default rate in Europe is kept at 0.3% at the end of March in terms of principal amount. This is resulting into some par erosion and some pressure on CCC headroom for amortizing CLO. In front of these uncertainties, we decided to increase our cash up to c.16% of NAV at the end of the month through active management in addition to strong CLO Equity distributions: we received €7.5m coming from called CLO Equities, sold European CLO single B and redeemed US CLO debt. At the opposite, we invested into our US and European CLO warehouses €1.9m to buy loans at a discount and €2.3m into CLO debt tranches. In addition, Volta Finance's cashflow generation remained stable at €28.5m equivalent of interests and coupons over the last six months, representing close to 22% of April's NAV on an annualized basis. Over the month, Volta's CLO Equity tranches returned -3.6%** while CLO Debt tranches returned -0.9% performance**. This performance is consistent – although better - with the total returns of the product as mentioned above, especially when considering that Volta Finance is exposed to both BB and single-B tranches. Through the month, the dollar volatility had again a meaningful impact on the overall funds' performance (-0.64%). In the second half of the month, considering the potential change into the long-term investor view on the dollar, we decided to lower our exposure to USD to avoid further weakening and decreased our exposure to c.12%. As of end of April 2025, Volta's NAV was €262.9m, i.e. €7.19 per share. *It should be noted that approximately 4.24% of Volta's GAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta's NAV has already been published. Volta's policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta's appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The most recently available fund NAV or quoted price was 4.24% as at 31 March 2025. ** 'performances' of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket. CONTACTS For the Investment ManagerAXA Investment Managers ParisFrançois (0) 1 44 45 80 22 Olivier (0) 1 44 45 87 30 Company Secretary and AdministratorBNP Paribas S.A, Guernsey +44 (0) 1481 750 853 Corporate BrokerCavendish Securities plcAndrew WorneDaniel Balabanoff+44 (0) 20 7397 8900 ***** ABOUT VOLTA FINANCE LIMITED Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange's Main Market for listed securities. Volta's home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands. Volta's Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO's and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed AXA Investment Managers Paris an investment management company with a division specialised in structured credit, for the investment management of all its assets. ***** ABOUT AXA INVESTMENT MANAGERSAXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with 2,800 professionals and €859 billion in assets under management as of the end of June 2024. ***** This press release is published by AXA Investment Managers Paris ('AXA IM'), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the 'AIFM Directive') of Volta Finance Limited (the "Volta Finance") whose portfolio is managed by AXA IM. This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are 'U.S. persons' for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States. ***** This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance. *****This press release contains statements that are, or may deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "anticipated", "expects", "intends", "is/are expected", "may", "will" or "should". They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance's investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance's actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. AXA IM does not undertake any obligation to publicly update or revise forward-looking statements. Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved. The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by AXA IM. The historical success or AXA IM's belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results. The valuation of financial assets can vary significantly from the prices that the AXA IM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such. Editor: AXA INVESTMENT MANAGERS PARIS, a company incorporated under the laws of France, having its registered office located at Tour Majunga, 6, Place de la Pyramide - 92800 Puteaux. AXA IMP is authorized by the under registration number GP92008 as an alternative investment fund manager within the meaning of the AIFM Directive. ***** Attachment Volta - Monthly report- April 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
