-- FTAI Infrastructure (FIP) has made a strategic investment in TimberHP, a producer of wood fiber insulation products, TimberHP said Tuesday.
Terms of the investment were not disclosed.
TimberHP said the investment will support a production ramp-up at its Madison, Maine facility and expand its commercial footprint amid rising demand for sustainable insulation products.
Shares of FTAI Infrastructure were up 1.7% in Tuesday trading.
Price: $5.59, Change: $+0.08, Percent Change: +1.45%
Velo3D (VELO) said Tuesday it closed an underwritten registered direct offering of nearly 3.6 million common shares for gross proceeds of about $50 million.Net proceeds will be used for working capital and general corporate purposes, the company added.Price: $13.76, Change: $-0.57, Percent Change: -3.98%
Price: $32.61, Change: $+0.18, Percent Change: +0.56%
First Atlas Resources (HHE.CN) on Tuesday said it agreed to sell a 100% interest in its MacKenzie East Claims located in the Val-d'Or gold camp, Quebec, to LaFleur Minerals (LFLR.CN) in a cash and stock deal.LaFleur will buy the property in exchange for $30,000 in cash, and 175,000 shares of LaFleur Minerals. The cash portion is payable within 48 hours of execution of the agreement, the company said.The share consideration will be issued upon receipt of exchange acceptance or, if not required, within five business days following closing of the deal. The property consists of 46 mineral claims covering about 1,781 hectares.The deal allows First Atlas to monetize a non-core asset while retaining exposure to the upside of the Val-d'Or region through its equity interest in LaFleur, it added.Shares of First Atlas were last seen down $0.005 to $0.10 on the Canadian Securities Exchange.