The LHH Interview Center builds interview and networking confidence while supporting self-guided learning and AI skill development for today’s evolving job market.
NEW YORK, NY / ACCESS Newswire / August 7, 2025 / LHH, the integrated professional talent solutions provider and global business unit of the Adecco Group, today announces its global roll out of the new LHH Interview Center that is a part of the LHH Career Studio.
Designed for people navigating career transitions worldwide, the LHH Career Studio is a digital platform that leverages 50 years of industry expertise, behavioral science and advanced research to deliver a dynamic suite of career solutions. With AI-driven features, real-time job market data and professional coaching, the LHH Career Studio supports over 500,000 candidates and thousands of organizations annually, across over 60 countries worldwide.
The LHH Interview Center helps candidates master interview skills through realistic simulations, smart responses and live feedback. Its private, customizable experience builds soft skills on demand, enabling job seekers navigating career changes to feel prepared and in control of their next step.
In the LHH Interview Center, an AI interviewer engages users in practical roleplay by asking contextual questions, responding dynamically and providing actionable commentary on delivery, content and communication style. This platform supports multiple interview formats where users can customize their practice to tailored questions based on job descriptions, to ensure preparation is both relevant and effective.
“At LHH, we are committed to providing the most innovative candidate experience in the market, with human need at the top of mind,” says John Morgan, President of LHH’s Career Transition & Mobility, Leadership Development & Coaching and HR & Talent Advisory. “Technology can scale career transition support, but empathy is at the core of any transition work. In today’s shifting job market, we are evolving our tools to meet the needs of candidates facing unpredictable career transitions. The LHH Career Studio is intentionally designed so candidates can be successful, and the LHH Interview Center equips job seekers to build self-awareness and trust in their skills, helping them find better-fit opportunities faster.”
Launched in the United States earlier this year and now expanding globally, the tool has seen strong adoption and enthusiasm. Many users return for multiple sessions, with some completing more than 300 practice sessions.
Recognizing that even the most advanced algorithms cannot replace genuine human support, LHH Career Transition coaches and talent leaders help candidates interpret the data and skills identified by the tool. The AI-garnered insights allow coaches to focus more deeply on relationship building, guiding candidates through the emotional challenges of career transition.
“The combination of Yoodli’s cutting-edge technology with LHH’s career transition expertise has resulted in a thoughtful, pioneering and content-rich solution,” says Varun Puri, CEO and Co-Founder of Yoodli. “Candidates describe it as an immersive simulation experience, especially valuable for those who have not interviewed in years, are changing career paths or have limited opportunities and cannot afford to fail. It is also a confidence booster for those anxious about what might come up in a real interview.”
The LHH Interview Center is now available on Career Studio in the U.S. and is being rolled out for all LHH Career Transition candidates globally in September this year.
For organizations looking to empower transitioning talent, learn more about how to inspire career transformation with the LHH Career Studio.
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About LHH LHH empowers professionals and organizations to achieve bold ambitions and secure lasting impact through unique advisory services and professional talent solutions.
LHH’s full suite of offerings connects solutions that are traditionally siloed, making LHH a single talent partner for organizations. In a rapidly evolving landscape with complex challenges, we create value across the entire professional talent journey. From hiring great people, developing skills and nurturing leaders, to advancing individuals to the next stage of their careers, LHH makes talent a competitive edge.
We believe the future of work lies at the intersection of exceptional human care and innovation. Powered by science, technology, and proprietary data analytics, LHH’s approach is crafted to align with business strategies and cultures, delivering powerful, sustainable, and measurable impact.
LHH has a team of over 12,000 professionals, across 60+ countries and more than 50 years of experience. As part of the Adecco Group, we bring together global excellence, local knowledge and centralized coordination for thousands of companies and millions of people worldwide.
Recruitment. Development. Career Transition. LHH. A beautiful working world.
About Yoodli Yoodli is the market leader in AI-powered communication coaching. Trusted by Fortune 500 companies, business schools, and coaching organizations, Yoodli helps individuals improve sales pitches, public speaking, interviewing, and persuasive communication through interactive roleplay and data-driven feedback. Its AI technology enables scalable and personalized practice for every professional.
Media Contacts LHH Global External Communications PR@lhh.com
Sport-Inspired Brand Recognized for Reaching $2.5 Billion in Global Retail Sales in 2024
WEST PALM BEACH, FLA. / ACCESS Newswire / August 7, 2025 / USPA Global today announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has once again been ranked in the Top 25 on License Global magazine’s list of Top Global Licensors for 2025, and is now ranked the No. 1 sports brand on the prestigious list. Recognized as one of the world’s largest sports and apparel licensors, U.S. Polo Assn. remains in the 23rd position overall, alongside other high-profile sport brands, such as the NFL Players Association, Formula 1, and the PGA Tour.
U.S. Polo Assn.’s authentic connection to the sport of polo continues to resonate with younger consumers and sports fans around the world, contributing to the brand’s No. 1 sports brand ranking and position within the Top 25 of the Top Global Licensors list for three consecutive years. The sports brand’s strong ranking for this year was based on delivering a record-breaking $2.5 billion in global retail sales in 2024. U.S. Polo Assn.’s worldwide footprint includes over 190 countries in more than 1,100 U.S. Polo Assn. stores, thousands of additional retail locations, more than 12 million social media followers, and over 50 e-commerce sites in 20 languages.
“Earning the No. 1 sports brand ranking while remaining at 23rd on License Global‘s Top Licensors list is a powerful validation of our global brand strategy and the tireless work of our USPA Global Team as well as worldwide strategic partners,” said J. Michael Prince, President and CEO of USPA Global, the company that manages and markets the multi-billion-dollar U.S. Polo Assn. brand. “To be ranked alongside some of the most iconic names in sports and fashion reinforces our position as a top-performing global brand with an authentic connection to sport, style, and consumers around the world.”
License Global‘s Top Global Licensors list is a “who’s who” of licensing titans, derived from an annual study that “accounts for retail sales of licensed merchandise across all major sectors of business, from entertainment to sport, food and beverage, corporate brands, fashion, art and design, and much more.”
“U.S. Polo Assn. being recognized as the No. 1 sports brand in this year’s ranking in the Top Licensors list from License Global is a direct reflection of the trusted relationships we have built with our strategic global partners,” said Molly Robbins, SVP of Global Licensing and Business Development for USPA Global. “Our strategic focus on collaborative growth, product excellence, and consistent brand storytelling continues to fuel our momentum and drive long-term success in key markets worldwide.”
To be considered for inclusion, each brand or corporate entity must submit retail figures based on worldwide sales of licensed merchandise. In addition, License Global‘s editors do their own independent vetting and verification by consulting industry sources, annual reports, and financial documents. The world’s largest brand remains The Walt Disney Company at $62 billion in retail sales, with the fourth largest brand, NBC Universal, at $17 billion, and Warner Bros. Discovery, the sixth largest brand, at $15 billion.
“Looking ahead, I’m very optimistic about U.S. Polo Assn.’s global growth potential. We are on track to surpass $3 billion in sales in the near future and continue to open more store locations in both existing regions and exciting new markets,” added Prince.
About U.S. Polo Assn. and USPA Global
U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the largest association of polo clubs and polo players in the United States, founded in 1890 and based at the USPA National Polo Center in Wellington, Florida. This year, U.S. Polo Assn. celebrates 135 years of sports inspiration alongside the USPA. With a multi-billion-dollar global footprint and worldwide distribution through more than 1,100 U.S. Polo Assn. retail stores as well as thousands of additional points of distribution, U.S. Polo Assn. offers apparel, accessories, and footwear for men, women, and children in more than 190 countries worldwide. Historic deals with ESPN in the United States and Star Sports in India now broadcast several of the premier polo championships in the world, sponsored by U.S. Polo Assn., making the thrilling sport accessible to millions of sports fans globally for the very first time.
U.S. Polo Assn. has consistently been named one of the top global sports licensors in the world alongside the NFL, NBA, and MLB, according to License Global. In addition, the sport-inspired brand is being recognized internationally with awards for global and digital growth. Due to its tremendous success as a global brand, U.S. Polo Assn. has been featured in Forbes, Fortune, Modern Retail, and GQ as well as on Yahoo Finance and Bloomberg, among many other noteworthy media sources around the world.
USPA Global is a subsidiary of the USPA and manages the global, multi-billion-dollar U.S. Polo Assn. brand. Through its subsidiary, Global Polo Entertainment (GPE), USPA Global also manages Global Polo TV, which provides sports and lifestyle content. For more sports content, visit globalpolo.com.
Technical Report Underscores Large, Multi-generational High-Grade Colemanite Deposit to Support Domestic Supply of Boron Amid Growing Demand
HESPERIA, CALIFORNIA / ACCESS Newswire / August 7, 2025 / 5E Advanced Materials, Inc. (“5E” or the “Company”) (Nasdaq:FEAM)(ASX:5EA), a boron and lithium company designated as Critical Infrastructure by the U.S. Department of Homeland Security, is developing one of the world’s largest new conventional boron deposits through a vertically integrated platform, is pleased to announce the completion of the Preliminary Feasibility Study (the “Technical Report”) for the Company’s Fort Cady Project (the “Project”) located in the Mojave Desert, near the town of Newberry Springs, California.
The Project underpins 5E’s strategy to become a vertically integrated global supplier of critical and industrial materials through in-situ extraction of colemanite, from which the Company intends to produce boron and calcium-based products which will support global electrification, energy, food security, and critical defense applications.
Highlights of the Pre-Feasibility Study
Technical Report is specifically focused on Phase 1 of the Project, converting 41% of the resource into 5.4M tons of boric acid (H3BO3) reserves yielding 39.5-year life of mine
Total Mineral Reserves of 5.4M tons boric acid with grade of 8.03% (B2O3)
Technical Report ONLY includes Phase 1 production and presents robust economics with forecasted pre-tax net present value (NPV7) of US$724.8 million and 19.2% unlevered IRR
Project retains optionality for future expansion phases of additional production tonnage and value-added boron derivatives
The initial Phase 1 plant targets delivery of 130,000 tons per year of boric acid production, approximately ~11% of global boric acid demand today
Mining permits in place with the colemanite reserve mined using an in-situ leaching (“ISL”) method, thereby minimizing the surface land disturbance required for the Project facilities
The expected initial project capital cost (inclusive of a gas COGEN facility) is US$367M for Phase 1 plus US$55M contingency (15%) and US$13M of owner’s cost
By-product mix includes calcium chloride and gypsum with expected all-in sustaining cash (including logistics) of US$554.80 per ton of boric acid
Market study indicates tight supply with demand forecasted to exceed supply in 2026 driving boric acid prices higher
Revenue from production will primarily be derived from boric acid sales, approximately 94% of total revenue, while by-products of calcium chloride and gypsum will provide approximately 6% of total revenue
The Technical Report, which outlines an initial mine life of 39.5 years, confirms the strong economics of an ISL operation that would initially produce 130,000 short tons per year of boric acid along with calcium-based by-products; calcium chloride and gypsum. This Technical Report only includes Phase 1 of the Project, with optionality for phased expansion of additional tonnage and value-added boron derivatives.
The Company commenced mining operations in January 2024 and currently has a small-scale facility (“SSF”) that began operation in April 2024, which has provided invaluable operational data that has been incorporated into the basis of design for the Project. The SSF has achieved a steady state of production for boric acid and gypsum in addition to qualifying 14 customers who have set the stage for continued offtake negotiations. Most recently, two injection-recovery wells were converted to horizontal wells intercepting approximately 3,000 feet of high-grade colemanite.
“This technical report validates the economic strength and strategic importance of the Fort Cady Project,” stated Mr. Paul Weibel, Chief Executive Officer of 5E Advanced Materials. “With strong projected economics underpinned by meticulous technical work, we are now positioned to move into definitive feasibility planning, FEED-engineering and long-term project financing with the right team who have been critical in reaching this point in the development cycle. I am very pleased with 5E’s team and partners work to deliver this report. We have mined and processed for the last 18-months and have qualified product with over 14 large global end users. As we target large-scale commercial production in 2028, we look toward the economic potential of the Project, which we expect will provide high paying jobs in California and be a significant long-term U.S. producer of boron to maintain the security of the boron supply chain in the United States.”
5E will host a conference call to discuss the results of the Technical Report on Tuesday, August 12, 2025, at 5:00 p.m. EDT (2:00 p.m. PDT). The call will be hosted by 6ix with remarks from Mr. Paul Weibel, Chief Executive Officer of 5E Advanced Materials, Inc.
The Technical Report summary results are presented in Table 1.
Table 1. Project Summary
Description
Units
Total/Amount
Mine Life
Years
39.5
Reserves B2O3 (tonnage)
Tons (short)
3,003,955
Reserves H3BO3 (tonnage)
Tons (short)
5,335,023
Reserves B2O3 (grade)
%
8.03%
Recovery B2O3 (in-situ)
%
81.9%
Mining Efficiency (drilling)
%
95.0%
Recovery B2O3 (processing)
%
95.1%
Table 1. Project Summary (Continued)
Production
Annual Production (H3BO3)
Tons (short) per year
130,000
Annual Production (Gypsum)
Tons (short) per year
129,000
Annual Production
(CaCl2 ~ 38%)
Tons (short) per year
57,000
Capital Costs
Initial Capital with Contingency
$M USD
435.0
Sustaining Capital
$M USD
39.9
Total Capital (life of mine)
$M USD
474.8
Operating Costs (Full-Run Rate)
Variable Costs
$/t H3BO3
405.7
Fixed Costs
$/t H3BO3
222.1
Credits
$/t H3BO3
(73.0)
Net Total Costs (inclusive of logistics)
$/t H3BO3 (net)
554.8
Economic Analysis
Average Price LOM – H3BO3
$/short ton
1,355
Netback Price – Gypsum
$/short ton
21
Netback Price – CaCl2 ~38%
$/short ton
120
Pre-Tax: Free Cashflow
$M USD
3,749
Pre-Tax: NPV7
$M USD
725
Pre-Tax: IRR
%
19.2
After-Tax: Free Cashflow
$M USD
2,625
After-Tax: NPV7
$M USD
469
After-Tax: IRR
%
15.9
After-Tax: Payback Period
Years
5.9
Project Location
The Project is located halfway between Las Vegas, Nevada and Los Angeles, California and includes both private and federal land. The Project is located approximately 2 miles south of Interstate 40 and approximately 25 miles east of Barstow, California. The site is connected to approximately 1 megawatt of grid power and is approximately 2 miles from major natural gas transmission lines and the BNSF rail line. Figure 1 shows the project location.
Figure 1. Fort Cady Project Location
Mineral Resources
The Technical Report defines both Mineral Resources and Mineral Reserves for the Project. The Mineral Resources on lands under 5E’s mineral control include 23.5 million short tons of Measured ore containing 3.26 million short tons of in-situ boric acid, with an average grade of 7.91% B₂O₃. The Indicated category comprises 85.6 million short tons of ore containing 11.8 million short tons of in-situ boric acid, with an average grade of 7.89% B₂O₃. Mineral resources were estimated using a 2.0% B2O3 cut-off grade and Table 2 summarizes the mineral resources.
Table 2. Fort Cady Project Mineral Resources
*Mineral Resources
Short Tons (MST)
B2O3 (wt. %)
B2O3 (MST)
H3BO3 (MST)
Measured
23.50
7.91
1.84
3.26
Indicated
85.63
7.89
6.66
11.83
Total Measured + Indicated
109.13
7.89
8.50
15.09
Total Inferred
4.26
7.45
0.31
0.55
*Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Under S-K 1300, inferred mineral resources are not considered economically recoverable within the current mine plan and are excluded from the production schedule and economic analysis. Inferred Mineral Resources include areas not currently under mineral tenure control. These are disclosed for transparency but excluded from the mine plan and economic model. The Company makes no assurance that mineral rights to these areas will be secured.
Notes to Mineral Resources:
The Mineral Resources in this estimate were independently prepared, including estimation and classification, by Steven Kerr, P.G., C.P.G, Escalante Geological Services, LLC, and are reported in accordance with the definition for Mineral Resources in S-K 1300.
The Mineral Resources were completed using a gridded seam model with Carlson Mining™ software.
The Mineral Resources are current as of March 10, 2025.
Mineral Resources are constrained assuming in-situ leaching and are reported at a cutoff grade of 2.0% B2O3, assume mineralized horizons exhibit lateral continuity that supports in-situ leaching mining methods and based on exploration data, there is reasonable continuity of colemanite mineralization throughout the deposit, respectively.
Only resources located on lands under current mineral control are reflected in the mine plan and economic analysis.
Mineral Reserves
A detailed mine production plan was developed to support the calculation of Mineral Reserves. The mine plan and wellfield optimization are based on third-party engineering work that incorporated 19 months of actual wellfield performance data from the SSF into the design.
Mineral Reserve assumptions, such as plant efficiency, leaching efficiency, and mining efficiency were taken into consideration to calculate the reserve estimate. The operating costs were derived from material and energy balances as well as a detailed labor build developed from first principles. The following steps and assumptions were used to calculate Mineral Reserves:
Measured and Indicated Mineral Resource of fee-based land and the power corridor were used as the base resource and Inferred Resources were excluded.
The mine plan includes a Phase 1 plan for which 5E has demonstrated mineral tenure.
Trade off analysis of actual vertical well performance relative to expected horizontal well performance can increase colemanite contact up to 20x with extended lateral wells and achieve permeable driven injection rates of +100 gallons per minute.
The surface chemical plant would deliver a 95.1% boric acid yield.
Leaching efficiency is 81.9% based on leach testing.
Solution mining efficiency is 95.0% based on the July 2025 horizontal well drill program.
Discounted cash flow incorporated capital and operating cost inputs.
Mineral Reserves are reported in-situ using a 2.0% B2O3 cut-off grade. Table 3 summarizes the Mineral Reserves for the Project.
Table 3. Fort Cady Project Mineral Reserves
Mineral Reserves
Average B2O3 Grade (wt. %)
Recoverable Mineralized Bed Volume (ft3)
B2O3 (MST)
H3BO3 (MST)
Proven
8.03
19,894,414
0.76
1.35
Probable
8.03
58,565,846
2.24
3.98
Total Reserves
8.03
78,460,260
3.00
5.33
Notes to Mineral Reserves:
The Mineral Reserves in this estimate were independently prepared, including estimation and classification, by Alan White, P.E., Miocene, Inc., and are reported in accordance with the definition for Mineral Reserves in S-K 1300.
The Mineral Reserve Estimate is based on a cut-off grade of 2.0% B₂O₃. Mining recovery, mining efficiency, and process recovery factors applied were 81.9%, 95.0% and 95.1%, respectively, based on pilot-scale testing and engineering assumptions outlined in the Pre-Feasibility Study.
Mineral Reserves are a subset of the Measured and Indicated Mineral Resources and do not include Inferred Mineral Resources nor any Mineral Resource for which 5E does not have mineral tenure.
The Mineral Reserves are current as of August 4, 2025.
Rounding, as required by the guidelines, may result in minor summation differences between tons, grade, and contained B2O3 or H3BO3 content.
Mining Method
The Project will be employing in-situ leaching as its mining method to recover borates from the mineralized horizons. The depth and grade of the deposit precludes conventional mining techniques such as open pit and underground mining. With ISL mining, there is no stripping of waste rock or underground development required for the Project. ISL activities include drilling and constructing of injection/recovery wells, installing pumping or airlifting extraction equipment on the wells, and piping to transport barren leach solutions to the wellfield and Pregnant Leach Solution (“PLS”) back to the chemical plant for processing.
Based on the results of operating the SSF injection, recovery wells and work completed by 5E, the Large-scale Boron Facility (“LSBF”) calls for the installation of 27 directional wells targeting the upper mineralized horizon (“UMH”), major mineralized horizon (“MMH”), and lower mineralized horizon (“LMH”) spaced at 200-ft horizontal offset and 120 – 180-ft vertical spacing. The operating strategy of the wells will focus on high-grade mineralization zone cavern development through continuous injection and cyclic push-pull mechanics.
These wells are to operate as injection and recovery wells whereby injection and recovery of lixiviant through separate horizontal wellbores and full reservoir contact is accomplished by geo-steered laterals in a “fishbone” pattern and positively intercepting each well. The leach solution (lixiviant) is pumped into the well and, after a prescribed residence time, is retrieved from the same well, or offset wells as caverns develop, for processing. This method will be used until the dissolution of the colemanite in the deposit progresses to where complete reservoir flow is established between regional groups of wells. Figure 2 details the horizontal well schematic across the deposit.
Figure 2. Fort Cady Wellfield
Processing and Recovery Methods
The processing facility at the LSBF is engineered to support high-efficiency, high-throughput extraction and refinement of boric acid and associated byproducts from the PLS. 5E successfully executed an extensive program of mineral processing and metallurgical testing. Based on these results, the company has selected a proven, crystallization-based process for boric acid extraction. This method has been validated through both laboratory-scale experiments and the operational success of the SSF. The following is a description of the process steps:
Solution Mining and Injection: Target minerals are dissolved in-situ using solution mining techniques utilizing heat and steam. The resulting PLS is transported via pipeline infrastructure to the surface processing facilities.
PLS Recovery and Clarification: The PLS undergoes pH adjustment through lime addition, which reduces acidity and enables the use of more cost-effective materials of construction. A multi-stage solid-liquid separation process, including filtration, removes precipitated solids, yielding a clarified solution ready for downstream processing.
Figure 3 Planned Site Layout
Boric Acid Circuit: This core section of the process is dedicated to the concentration, extraction, and purification of boric acid. A two-stage vacuum chilled crystallization system initiates the precipitation of boric acid, followed by filtration, washing, and redissolution. A second two-stage recrystallization step ensures high-purity product formation. Final dewatering is achieved via centrifugation, and the wet crystals are dried in a rotary dryer, cooled, and packaged. A portion of the centrate is directed to the Impurity Removal Circuit and the remainder is sent to the Gypsum circuit.
Impurity Removal Circuit and Evaporation: In the Impurity Removal stage, magnesium hydroxide [Mg(OH)₂] and other impurities are removed from the process stream through a reaction with hydrated lime. This reaction causes the impurities to precipitate, allowing them to be separated via filtration. The filtrate slurry then enters the evaporation circuit, where mechanical evaporators and evaporation ponds precipitate sodium chloride for removal. The concentrated brine, now enriched with calcium chloride (CaCl2), is either directed to truck loading for sale as a byproduct or sent to the Gypsum Circuit for further processing.
Gypsum Circuit: The Calcium Chloride rich brine reacts with sulfuric acid to precipitate gypsum, which is then filtered and refined to be sold as a byproduct. This circuit also facilitates the regeneration of hydrochloric acid, which is recycled back to the wellfield for reuse in the mining process.
Infrastructure
The Project is located near Interstate 40 along with nearby access to rail and a natural gas transmission line. Currently, the Project receives approximately 1 megawatt of shore power.
Infrastructure required for the Project is expected to consist of:
Natural gas – the Project will require a natural gas pipeline that will need to be connected into a nearby transmission pipeline to serve the processing plant. Discussions are ongoing with a proposal received from the owner of the pipeline and the cost of piping from the Mojave Pipeline to a cogeneration facility (COGEN) included in the capital estimate.
Electrical power upgrade – an economic trade-off study is currently being conducted to evaluate co-generation versus an upgraded and dedicated powerline to the Project. The economic analysis in the Technical Report assumes the Project utility is COGEN.
Rail – a connection to a rail spur adjacent to the Project is included in the federal permit. Phase 1 logistics contemplate trucking finished product to the customers in the western United States and the Los Angeles ports. Byproducts are expected to be sold in the local California market. Tie-in to rail is expected to be considered for expansion phases of the Project.
Roads – Plant access roads will require upgrades, and some roads may require paving. New access roads are also being considered.
Water – 5E currently has adequate water resources for Phase 1 of the project with two existing water wells with millsite claims for each well.
Material storage – storage for materials products and consumables will need to be built with storage for boric acid and gypsum included in the capital estimate. A calcium chloride load-out station is also included in the capital estimate and is expected to be stored in tanker trucks ready for distribution.
Environmental
In 1990, a Plan of Operations was submitted to the United States Bureau of Land Management (“BLM”) and a Mining Conditional Use Permit and Reclamation Plan was submitted to San Bernardino County, which triggered environmental review under the National Environmental Policy Act (“NEPA”) and the California Environmental Quality Act (“CEQA”). The BLM and San Bernardino County prepared a joint Environmental Impact Statement (“EIS”) and Environmental Impact Report (“EIR”) to satisfy their environmental review requirements under NEPA and CEQA. In 1994, the EIS and EIR process resulted in the issuance of a Record of Decision from the BLM that approved the Plan of Operations and approval of the Mining Condition Use Permit and Reclamation Plan from San Bernardino County. The Project is permitted to produce 90,000 short tons per year of borates, defined as boron oxide or boron oxide equivalent, thus permitting up to approximately 160,000 short tons of boric acid.
In 2020, a Class 3 Underground Injection Control (“UIC”) permit was issued by the United States Environmental Protection Agency (“EPA”). The EPA retains primacy for Class 3 solution mining UIC permits. In November 2023, the EPA approved the commencement of mining operations under this permit. These regulatory approvals form the foundation for Phase 1 development, which aligns with the previously authorized project scope.
Capital Costs
The Technical Report Summary for the Project has been successfully completed by Engineering, Procurement, and Construction Management company Fluor Corporation, Petroleum Engineering and Operating Services company Miocene, Inc., along with collaboration with Ad Infinitum, an engineering firm specializing in chemical process design. An AACE Class 4 estimate capital cost estimate (± 25%) has been prepared. The AACE Class 4 capital estimate covers the period from Front End Engineering Design engineering to first production and is reported in real dollars.
Capital cost expectations for a 130,000 short ton per annum boric acid plant (inclusive of co-product processing and COGEN power) were determined to be $367M for the first stage plus a contingency of $55M and owner’s cost estimate of $13M for a total capital estimate of $435M. Table 4 outlines the capital cost estimate, including initial development costs and a conservative provision for sustaining capital, based on solution mining-specific assumptions, including periodic wellfield expansion, re-drilling, and maintenance costs over the life of mine.
Table 4. Capital Cost Estimate
Scope
Capital Cost (USD Millions)
Process Facility
$280.7
COGEN
$50.2
Wellfield
$30.8
Evaporation Ponds
$5.6
Sub-total
$367.3
Contingency
$55.1
Owner’s Cost
$12.5
Total Capital
$434.9
Operating Costs
Operating costs for the project are segregated into Variable, Fixed, and Other operating costs and are based on detailed material and energy balances provided by Fluor Corporation and a principles first labor build-up. Variable operating costs include packaging, logistics, and raw materials such as natural gas, hydrochloric acid, sulfuric acid, and lime. Fixed operating costs include administrative labor, operating labor, general and administrative overhead, repair labor, repair materials, as well as taxes and insurance. Other operating costs include disposal costs of metals impurities offset with byproduct credits from gypsum and calcium chloride. Table 5 summarizes the operating cost by production phase.
Table 5. Operating Cost
Operating Costs (Full-Run Rate)
Variable Costs
$/t H3BO3
405.7
Fixed Costs
$/t H3BO3
222.1
Credits
$/t H3BO3
(73.0)
Total Costs (inclusive of logistics)
$/t H3BO3 (net)
554.8
Figure 4. Operating Cost Breakdown
Economic Analysis
The Project economics were evaluated using a discounted cashflow analysis based on annual cashflows for the life of the project. The financial model was prepared on an annual basis from the mineral reserve effective date to the exhaustion of mineral reserves for the current mining plan. Mine life can be extended and the Project has additional resources that can be converted to additional mineral reserves with expansion of the wellfield or mine plan in the future. The financial model results are presented in real U.S. dollars.
As with the capital and operating forecasts, the economic analysis is inherently a forward-looking exercise. These estimates rely upon a range of assumptions and forecasts that are subject to change depending upon macroeconomic conditions, operating strategy and new data collected through operation of the SSF. Table 6 summarizes the economic results and Figure 5 highlights project cashflows during the first 15 years.
Table 6. Economic Analysis Summary
Description
Units
Total/Amount
Average Price LOM – H3BO3
$ / short ton
1,355
Netback Price – Gypsum
$ / short ton
21
Netback Price – CaCl2
$ / short ton
120
Pre-Tax: Free Cashflow
$M USD
3,749
Pre-Tax: NPV7
$M USD
725
Pre-Tax: IRR
%
19.2
After-Tax: Free Cashflow
$M USD
2,625
After-Tax: NPV7
$M USD
469
After-Tax: IRR
%
15.9
After-Tax: Payback Period
years
5.9
Figure 5. Cashflow Profile by Year
Financial Model Sensitivity
Sensitivity analysis for the financial model was performed based on changes to boric acid price, annual production, discount rate, variable cost pricing, gypsum price, labor cost per person, and raw material acid utilization. Using a ±10% change for each variable, NPV7 is plotted in real dollars for comparison and arranged in order of total variability.
Figure 6. Economic Sensitivity
Qualified Persons
The Technical Report, entitled “Preliminary Feasibility Report & Technical Report Summary, 5E Advanced Materials Fort Cady Project,” dated August 7, 2025, was prepared in accordance with the Securities and Exchange Commission S-K regulations, Title 17, Part 229, Items 601 and 1300 through 1305. The Technical Report was prepared by the following firms and persons: Miocene, Inc., Fluor Corporation, Geomega, Inc., Escalante Geological Services, LLC and Mr. Paul Weibel. With the exception of Mr. Weibel, who serves as the Company’s Chief Executive Officer, none of the qualified persons is affiliated with the Company or any other entity that has an ownership, royalty, or other interest in the property.
The Technical Report will be available on the U.S. Securities and Exchange’s EDGAR website as an Exhibit 96.1 to the Current Report on Form 8-K filed by the Company on August 7, 2025, in connection with this news release. The Technical Report includes relevant information regarding the assumptions, parameters, and methods used for the Mineral Resource and Mineral Reserve estimates for the Fort Cady Project, as well as information regarding data verification, exploration procedures, and other matters relevant to the scientific and technical disclosure contained in this news release.
Other disclosures of a scientific or technical nature included in this news release regarding the Fort Cady Project have been reviewed, verified, and approved by Mr. Paul Weibel, Chief Executive Officer of 5E Advanced Materials, Inc. who is a Qualified Person as defined by Regulation S-K, Subpart 1300 promulgated by the U.S. Securities and Exchange Commission. Mr. Weibel is responsible for reviewing information related to market strategy, product pricing, and economic assumptions.’
The complete Technical Report titled “Preliminary Feasibility Report & Technical Report Summary, 5E Advanced Materials Fort Cady Project” is available on EDGAR as Exhibit 96.1 to the Company’s Current Report on Form 8-K filed on August 7, 2025. It is also available on the Company’s website – HERE.
About 5E Advanced Materials, Inc.
5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX:5EA) is focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium co-product production. The Company’s mission is to become a supplier of these critical materials to industries addressing global decarbonization, food and domestic security. Boron and lithium products will target applications in the fields of electric transportation, clean energy infrastructure, such as solar and wind power, fertilizers, and domestic security. The business strategy and objectives are to develop capabilities ranging from upstream extraction and product sales of boric acid, lithium carbonate and potentially other co-products, to downstream boron advanced material processing and development. The business is based on our large domestic boron and lithium resource, which is located in Southern California and designated as Critical Infrastructure by the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency.
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical fact included in this press release should be considered forward looking statements, including without limitation statements regarding the Project’s capital and operating costs; cash costs to produce boron and its related byproducts, as well as estimated contingencies; projected future pricing for boric acid and its related byproducts; the forecasted net present value; projected production volumes and revenues; anticipated cash flows; anticipated cut-off grade and recovery rates; the proposed design of the commercial scale facility; the timing of large-scale commercial production; construction timelines; ability to maintain and modify permits; infrastructure needs; environmental impacts; potential to successfully finance the company and the proposed commercial scale facility; anticipated market value and demand for boric acid, calcium chloride and gypsum; potential technology solutions; anticipated use of land and water; potential for expansion of mineral resources; mineral resource and reserve estimates and assumptions; the potential for future phases of the Project; availability of energy to operate the facility; the economic potential of the Project; and our ability to produce boron and its related byproducts. When used in this press release, the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “budget,” “target,” “aim,” “strategy,” “plan,” “guidance,” “outlook,” “intent,” “may,” “should,” “could,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on the Company’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. We caution you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond our control, incident to the extraction of the critical materials we intend to produce and advanced materials production and development. These risks include, but are not limited to: our ultimate ability to satisfy all customer qualification criteria and achieve commercial offtake agreements, our limited operating history in the borates and lithium industries and no revenue from our proposed extraction operations at our properties; our need for substantial additional financing to execute our business plan and our ability to access capital and the financial markets; our status as an exploration stage company dependent on a single project with no known Regulation S-K 1300 mineral reserves and the inherent uncertainty in estimates of mineral resources; our lack of history in mineral production and the significant risks associated with achieving our business strategies, including our downstream processing ambitions; our incurrence of significant net operating losses to date and plans to incur continued losses for the foreseeable future; risks and uncertainties relating to the development of the Fort Cady project, including our ability to timely and successfully complete our proposed Commercial Scale Boron Facility; our ability to obtain, maintain and renew required governmental permits for our development activities, including satisfying all mandated conditions to any such permits; the implementation of and expected benefits from certain reduced spending measures; the impact of changes in U.S. trade policies and the imposition of tariffs; and other risks and uncertainties set forth in our filings with the U.S. Securities and Exchange Commission from time to time. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. No representation or warranty (express or implied) is made as to, and no reliance should be placed on any information, including projections, estimates, targets, and opinions contained herein, and no liability whatsoever is accepted as to any errors, omissions, or misstatements contained herein. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as to the date of this press release.
For additional information regarding these various factors, you should carefully review the risk factors, uncertainties and other disclosures in the Company’s Form 10-K filed on September 9, 2024, as updated by the Company’s Form 10-Q filed on May 15, 2025, and subsequent filings with the U.S. Securities and Exchange Commission throughout the year, as well as in its filings under the Australian Securities Exchange. Any forward-looking statements are given only as of the date hereof. Except as required by law, 5E expressly disclaims any obligation to update or revise any such forward-looking statements. Additionally, 5E undertakes no obligation to comment on third party analyses or statements regarding 5E’s actual or expected financial or operating results or its securities.
By webcast — Log on to the web at the address above
By phone — Please call (877) 407-9046
Contact:
Gladstone Land Corporation, (703) 287-5893
A conference call replay will be available after the call and will be accessible through August 15, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13754183.
If you are unable to participate during the live webcast, the call will be archived and available for replay on the Company’s website, www.GladstoneLand.com.
Gladstone Land Corporation is a real estate investment trust that specializes in purchasing farms and farm-related properties and leasing them to farmers. Additional information can be found at www.gladstoneland.com.
For further information: Gladstone Land Corporation, (703) 287-5893
Oekoboiler Swiss AG, known for leading in Switzerland’s manufacturing sector, has announced its new way of offering energy-efficient heat pump boilers. The company is committed to sustainability, maintaining the high standards associated with Swiss quality, and merging modern technology with traditional systems. These products are specifically designed for today’s households, featuring solar compatibility and smart technology. By focusing on decreasing CO₂ emissions, Oekoboiler Swiss AG provides a sustainable solution for all hot water needs.
The company is known for several products, especially their top-of-the-line Double Energy System. This system uses both electricity and air to heat water more efficiently, greatly reducing energy consumption. By potentially cutting energy use by up to 80%, it offers a greener alternative to the standard gas or oil water heaters that many still use.
Oekoboiler’s collection of heat pump boilers is also impressive. These units draw heat from the air, providing a sustainable and budget-friendly solution for hot water. They include features like direct ventilation, the ability to integrate with solar panels, and WiFi functions, which suits the increasing number of tech-savvy homes.
Their approach to installation stresses efficiency. The process uses energy from the air and helps avoid issues like mold in basements by drying the air around, eliminating the need for separate dehumidifiers or dryers. This makes their system energy-conscious and practical for everyday household issues.
As the EnEV 2025 changes are on the horizon with stricter energy efficiency standards, Oekoboiler Swiss AG is already prepared. Their products meet these upcoming requirements, allowing customers to not only comply but also benefit from advanced home efficiency.
The company offers a range of tank sizes, from 150 liters to 450 liters, catering to different household needs. In line with their quality commitment, Oekoboiler Swiss AG offers excellent warranty terms, and many of their products qualify for funding support.
Oekoboiler highlights the integration of photovoltaic systems with their offerings, which lets homeowners use excess energy from solar panels for heating water. This capability boosts energy efficiency and gives homeowners the power to make the most out of their renewable energy systems.
Their focus on Swiss quality and sustainability is evident in their high customer satisfaction ratings, supported by numerous positive reviews. Customers appreciate both the product performance and the customer service, which speaks to Oekoboiler’s focus on quality and consumer interaction.
The company actively engages with customers through their blog and social media, emphasizing their commitment to education and community involvement by sharing insights on their products and sustainable practices.
Oekoboiler Swiss AG operates from Monday to Friday, showing their dedication to delivering quality service and ensuring optimal functioning of their systems in every setup.
For more information about Oekoboiler Swiss AG’s innovative energy solutions, visit https://oekoboiler-swiss-ag.localo.site. Their dedication to quality and forward-looking solutions ensures they stay at the cutting edge of sustainable hot water technology, providing valuable insights about EnEV 2025 compliance and how they are shaping the future of energy-efficient water heating.
The Iskandar Complex Hernia Center has released a new article titled “How to Prepare Hernia Surgery: Pre-Habilitation Tips“, highlighting the importance of proactive preparation before hernia repair. This evidence-based approach to pre-surgical care, known as pre-habilitation, is shown to lower the risk of complications, improve surgical outcomes, and shorten recovery time. As hernia surgery becomes more advanced and outcomes more closely tied to patient readiness, the Center underscores that what patients do before surgery is just as critical as the procedure itself.
According to Dr. Mazen Iskandar, founder and surgeon at The Iskandar Complex Hernia Center, pre-habilitation is no longer optional—it’s essential. The article outlines how tailored plans focusing on physical fitness, nutrition, medication management, and mental health can significantly improve recovery and lower post-operative risk. For example, patients are encouraged to engage in low-impact physical activities like walking and stretching, which can enhance heart and lung function without worsening the hernia. This not only helps the body tolerate anesthesia but also decreases the likelihood of respiratory or circulatory complications after surgery.
One of the key recommendations from the article involves nutritional readiness. Increasing protein intake and hydration in the days and weeks leading up to surgery can improve tissue strength and immune response, both of which are critical for healing. Smoking cessation is another top priority; tobacco use impairs blood flow, delays healing, and raises the risk of surgical site infections. Dr. Iskandar urges all patients who smoke to quit as early as possible and provides resources to support them through this process.
Another focal point in the article is the importance of managing chronic conditions prior to surgery. Patients with diabetes, obesity, or high blood pressure are encouraged to work closely with their healthcare team to stabilize these conditions in advance. Uncontrolled chronic disease can increase the risk of complications such as blood clots, poor wound healing, or infection. By addressing these variables ahead of time, patients can help ensure a smoother surgical experience and better long-term results.
Medication and supplement management is also detailed as a vital part of the preparation process. The article explains that drugs such as aspirin, ibuprofen, and anticoagulants often need to be stopped about a week before surgery to reduce bleeding risks. Certain over-the-counter supplements like Vitamin E or St. John’s Wort may also interfere with blood clotting. Dr. Iskandar carefully reviews each patient’s medication list to determine which medications can be safely continued and which must be paused. This level of individualized planning is a hallmark of the Center’s approach to care.
The article also provides guidance on hygiene and infection prevention. Patients are advised to shower with chlorhexidine soap the night before or morning of surgery, avoid shaving the surgical area, and refrain from using lotions or perfumes. These simple but important steps reduce the bacterial load on the skin and lower the chance of postoperative infection. Combined with sterile techniques and antibiotics used in the operating room, this pre-surgical routine helps protect patients and supports the healing process.
Fasting and bowel preparation are also addressed in the article. Patients are typically instructed to stop eating and drinking after midnight prior to surgery, unless told otherwise. This precaution helps reduce the risk of aspiration during anesthesia. In some cases, particularly for those with gastrointestinal issues or larger hernias, mild laxatives or fiber supplements may be recommended in the days leading up to surgery. These steps are taken under careful supervision and tailored to the individual patient’s needs.
Mental and emotional preparation is another aspect of pre-habilitation emphasized by Dr. Iskandar. The article points out that stress and anxiety can impact healing, pain levels, and even the body’s inflammatory response. Patients are encouraged to take an active role in their care by asking questions, learning what to expect, and adopting stress-reduction techniques such as deep breathing, journaling, or speaking with a therapist. Studies show that mentally prepared patients often experience better surgical outcomes and shorter recovery periods.
The article concludes by highlighting the importance of planning for recovery in advance. Patients are advised to arrange for transportation, stock up on food and supplies, and set up a safe home environment free from lifting or straining. If living alone, having a trusted friend or family member available for support in the first few days post-surgery is especially helpful. This type of practical preparation reduces physical and emotional strain during the critical first phase of healing.
Dr. Iskandar and his team take a comprehensive, patient-centered approach to hernia repair, and the release of How to Prepare Hernia Surgery: Pre-Habilitation Tips reflects their commitment to improving outcomes through education and collaboration. Unlike generalized advice found online, this guide is based on years of clinical expertise and designed specifically for patients undergoing hernia surgery at The Iskandar Complex Hernia Center.
This press release is expected to generate interest from reporters covering advancements in surgical care, as well as from patients actively researching how to prepare for hernia surgery. The increasing popularity of minimally invasive procedures, coupled with a rise in complex hernia cases, has made patient education a top priority for leading hernia specialists. Dr. Iskandar remains at the forefront of this effort, helping patients not only navigate surgery but thrive through recovery.
For media inquiries or to request an interview with Dr. Iskandar about pre-habilitation and hernia surgery best practices, please contact The Iskandar Complex Hernia Center directly through the information provided on their website. Patients interested in scheduling a consultation can also visit the article page and learn more about preparing for a safer, more successful surgical outcome.
Youssi Real Estate & Development Inc., operating as Youssi Custom Homes of Iowa, is excited to announce their latest project, “The Condos at Forest Grove Crossing.” Situated in the Quad Cities, specifically in Bettendorf, Iowa, this development aims to deliver quality homes within the renowned Pleasant Valley School District. Recently named the best school district in Iowa by MSN, the area is an ideal spot for those looking to settle down.
Youssi Custom Homes of Iowa is a part of Youssi Real Estate & Development Inc., a respected real estate company known for specializing in building and developing condominiums, townhomes, and single-family residences predominantly across Boone, DeKalb, and Winnebago Counties of Illinois. They have built over 500 condos and expanded their services to Bettendorf, showcasing their commitment to providing high-quality residences in desirable locations.
With over 30 years of experience, Youssi Custom Homes of Iowa has built a solid reputation in real estate development. Their new venture focuses on creating high-quality homes that prioritize sustainability and customization. “The Condos at Forest Grove Crossing” merges modern technology with traditional building methods to lower environmental impact and improve energy efficiency. The company seeks to meet the growing demand for homes that offer sustainability and unique customization options tailored to the preferences of today’s homebuyers.
Shane Youssi, spokesperson for the company, shared his enthusiasm for the project. “We are thrilled to introduce ‘The Condos at Forest Grove Crossing’ to the community. Our goal is to create homes that mirror individual styles and needs,” said Youssi. “By integrating energy-efficient designs and offering various custom choices, we aim to build a neighborhood that residents will cherish.”
The development will include a range of condos, allowing homebuyers to customize floor plans and finishes to their liking. This flexibility lets buyers choose options that align with their personal tastes and family needs. Designed with comfort and convenience in mind, each unit will feature luxury finishes and appliances that enrich the living experience. Crafted from quality materials, these condos promise durability and aesthetic consistency with the company’s high standards.
The location of “The Condos at Forest Grove Crossing” makes it especially appealing for families, thanks to its close proximity to the Pleasant Valley School District. This aspect offers a great academic environment for children and teenagers, making it a significant factor in many purchasing decisions.
“The project in the Quad Cities is an important milestone for Youssi Custom Homes of Iowa as we extend our reach and deliver top-tier living spaces in the heart of this lively community,” Shane Youssi remarked. “We are dedicated to communicating with our customers, understanding their desires, and providing homes that support both community spirit and individual well-being.”
The company believes these condos will be a valuable addition to the local housing market. As they establish themselves in Bettendorf, they look forward to engaging with the community and aiding its growth. Their focus on sustainability and customer satisfaction distinguishes them as one of the key real estate developers in the area.
To help potential buyers explore their options, Youssi Custom Homes of Iowa has ramped up its digital presence. The new website includes interactive walkthrough videos, offering a virtual look at what the condos will feature once completed. This digital approach is supported by active social media updates on platforms like Facebook and Instagram, where project news will be shared regularly. This news article delves into the developments at Youssi Custom Homes of Iowa.
For more information about “The Condos at Forest Grove Crossing” and future updates, interested individuals can visit the Youssi Custom Homes of Iowa website, check out their Facebook page, or connect with them on Instagram. These channels will be key sources for news and developments about the project and other company activities in the Quad Cities.
This article aims to inform readers about “The Condos at Forest Grove Crossing” and the opportunity to join a new community crafted by Youssi Custom Homes of Iowa. With various ways to stay informed and engaged, future homeowners are encouraged to consider making this community their new home. This project not only represents a new phase for the company but also promises to enrich the local living landscape. This news article offers an insight into the new development and its expected influence on the area.
Please note that the limited information that follows in this press release is not adequate to make an informed investment judgment.
MCLEAN, VA / ACCESS Newswire / August 6, 2025 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial” or the “Company”) today reported financial results for the second quarter ended June 30, 2025. A description of funds from operations, or FFO, and Core FFO, both non-GAAP (generally accepted accounting principles in the United States) financial measures, are located at the end of this press release. All per share references are to fully-diluted weighted average shares of common stock and Non-controlling OP Units, unless otherwise noted. For further detail, please also refer to both the quarterly financial supplement and the Company’s Quarterly Report on Form 10-Q, which can be retrieved from the Investors section of our website at www.gladstonecommercial.com.
Summary Information (dollars in thousands, except share and per share data):
As of and for the three months ended
June 30, 2025
March 31, 2025
$ Change
% Change
Operating Data:
Total operating revenue
$
39,533
$
37,501
$
2,032
5.4
%
Total operating expenses
(25,146
)
(1)
(23,858
)
(1,288
)
5.4
%
Other expense, net
(9,753
)
(2)
(8,507
)
(1,246
)
14.6
%
Net income
$
4,634
$
5,136
$
(502
)
(9.8)
%
Less: Dividends attributable to preferred stock
(3,085
)
(3,108
)
23
(0.7)
%
Less: Dividends attributable to senior common stock
(101
)
(101
)
–
–
%
Add/Less: Gain (loss) on extinguishment of Series F preferred stock, net
9
(10
)
19
(190.0)
%
Net income available to common stockholders and Non-controlling OP Unitholders
$
1,457
$
1,917
$
(460
)
(24.0)
%
Add: Real estate depreciation and amortization
14,249
13,243
1,006
7.6
%
Add: Impairment charge
9
–
9
100.0
%
Less: Gain on sale of real estate, net
(377
)
–
(377
)
100.0
%
Funds from operations available to common stockholders and Non-controlling OP Unitholders – basic
$
15,338
$
15,160
$
178
1.2
%
Add: Convertible senior common distributions
101
101
–
–
%
Funds from operations available to common stockholders and Non-controlling OP Unitholders – diluted
$
15,439
$
15,261
$
178
1.2
%
Funds from operations available to common stockholders and Non-controlling OP Unitholders – basic
$
15,338
$
15,160
$
178
1.2
%
Add: Write off prepaid offering costs
305
–
305
100.0
%
Add: Asset retirement obligation expense
34
34
–
–
%
Add: Closing costs on sale
336
–
336
100.0
%
Core funds from operations available to common stockholders and Non-controlling OP Unitholders – basic
$
16,013
$
15,194
$
819
5.4
%
Add: Convertible senior common distributions
101
101
–
–
%
Core funds from operations available to common stockholders and Non-controlling OP Unitholders – diluted
$
16,114
$
15,295
$
819
5.4
%
Share and Per Share Data:
Net income available to common stockholders and Non-controlling OP Unitholders – basic and diluted
$
0.03
$
0.04
$
(0.01
)
(25.0)
%
FFO available to common stockholders and Non-controlling OP Unitholders – basic
$
0.33
$
0.34
$
(0.01
)
(2.9)
%
FFO available to common stockholders and Non-controlling OP Unitholders – diluted
$
0.33
$
0.34
$
(0.01
)
(2.9)
%
Core FFO available to common stockholders and Non-controlling OP Unitholders – basic
$
0.35
$
0.34
$
0.01
2.9
%
Core FFO available to common stockholders and Non-controlling OP Unitholders – diluted
$
0.35
$
0.34
$
0.01
2.9
%
Weighted average shares of common stock and Non-controlling OP Units outstanding – basic
46,259,137
44,646,486
1,612,651
3.6
%
Weighted average shares of common stock and Non-controlling OP Units outstanding – diluted
46,587,696
44,975,890
1,611,806
3.6
%
Cash dividends declared per common share and Non-controlling OP Unit
$
0.30
$
0.30
$
–
–
%
Financial Position
Real estate, before accumulated depreciation
$
1,350,523
(3)
$
1,287,663
(4)
$
62,860
4.9
%
Total assets
$
1,209,993
$
1,160,443
$
49,550
4.3
%
Mortgage notes payable, net, borrowings under revolver, borrowings under term loan, net, borrowings under unsecured term loan, net, and senior unsecured notes, net
$
794,391
$
740,746
$
53,645
7.2
%
Total equity and mezzanine equity
$
347,362
$
353,393
$
(6,031
)
(1.7)
%
Properties owned
143
(3)
141
(4)
2
1.4
%
Square feet owned
17,038,727
(3)
17,255,665
(4)
(216,938
)
(1.3)
%
Square feet leased
98.7
%
98.4
%
0.3
%
0.3
%
(1) Includes a $0.01 million impairment charge recognized on one property during the three months ended June 30, 2025. (2) Includes a $0.4 million gain on sale, net, from the sale of one property during the three months ended June 30, 2025. (3) Includes one property classified as held for sale of $3.4 million and 56,000 square feet. (4) Includes two properties classified as held for sale of $8.1 million and 736,031 square feet, in the aggregate.
Second Quarter Activity:
Collected 100% of cash rents: Collected 100% of cash rents due during April, May, and June;
Acquired properties: Purchased two fully-occupied facilities, with an aggregate of 519,093 square feet of rental space, for $79.3 million, at a weighted average cap rate of 8.88%;
Sold properties: Sold one non-core office property as part of our capital recycling strategy for $5.1 million and completed the sale transaction on one non-core industrial property for $18.5 million;
Renewed space: Renewed 55,308 square feet with a remaining lease term of 0.8 years at one of our properties;
Issued common stock under ATM Program: Issued 750,426 shares of common stock under our at-the-market (“ATM”) program for net proceeds of $10.4 million;
Issued Series F Preferred Stock: Issued 2,200 shares of our Series F Preferred Stock for net proceeds of $0.1 million;
Repaid debt: Repaid $7.2 million in variable rate mortgage debt at an interest rate of SOFR + 2.25%; and
Paid distributions: Paid monthly cash distributions for the quarter totaling $0.30 per share on our common stock and Non-controlling OP Units, $0.414063 per share on our Series E Preferred Stock, $0.375 per share on our Series F Preferred Stock, $0.375 per share on our Series G Preferred Stock, and $0.2625 per share on our senior common stock.
Second Quarter 2025 Results: Core FFO available to common shareholders and Non-controlling OP Unitholders for the three months ended June 30, 2025 was $16.1 million, a 5.4% increase when compared to the three months ended March 31, 2025, equaling $0.35 per share. Core FFO increased primarily due to higher revenues from year to date acquisitions and a lower net incentive fee, partially offset by an increase in interest expense from higher outstanding variable rate debt and higher general and administrative expenses.
Net income available to common stockholders and Non-controlling OP Unitholders for the three months ended June 30, 2025 was $1.5 million, or $0.03 per share, compared to net income available to common stockholders and Non-controlling OP Unitholders for the three months ended March 31, 2025 of $1.9 million, or $0.04 per share. In the Summary Information table above, we provide a reconciliation of Core FFO to net income (which we believe is the most directly comparable GAAP measure to Core FFO) for the three months ended June 30, 2025 and March 31, 2025, a computation of basic and diluted Core FFO per weighted average share of common stock and Non-controlling OP Unit, and basic and diluted net income per weighted average share of common stock and Non-controlling OP Unit.
Subsequent to the end of the quarter:
Collected 100% of July cash rents: Collected 100% of cash rents due in July;
Leased or renewed space: Leased or renewed 143,844 square feet with remaining lease terms ranging from 5.3 to 11.4 years at two of our properties;
Issued common stock under ATM Program: Issued 50,540 shares of common stock under our ATM program for net proceeds of $0.7 million; and
Declared distributions: Declared monthly cash distributions for July, August, and September 2025, totaling $0.30 per share on our common stock and Non-controlling OP Units, $0.414063 per share on our Series E Preferred Stock, $0.375 per share on our Series F Preferred Stock, $0.375 per share on our Series G Preferred Stock, and $0.2625 per share on our senior common stock.
Comments from Gladstone Commercial’s President, Buzz Cooper: “Our financial results reflect consistent performance and stabilized revenues from our tremendous same store property occupancy, rent collection and growth, accretive real estate investments made during 2024 and 2025, our ability to renew tenants, and our deleveraging. We have continued our capital recycling program, whereby we have sold non-core assets and used the proceeds to de-lever our portfolio, as well as acquire properties in our target growth markets. We have successfully exited two non-core assets thus far in 2025, and we have additional non-core assets we anticipate selling over the next one to two years that we believe will result in capital gains. We will continue to opportunistically sell non-core assets and redeploy the proceeds into stronger target growth markets with a focus on industrial investment opportunities. While we expect to face challenges due to the lingering effects of the pandemic, significant inflation with a corresponding increase in interest rates, and the geo-political and economic issues arising from international wars, we feel strongly about the depth of our tenant credit underwriting. We have collected 100% of the first two quarters’ cash rents and 100% of July cash rents. We anticipate our tenants will successfully navigate the current economic climate and will be able to continue operating successfully when economic normalcy returns fully. Despite economic uncertainty, so far during 2025, we renewed or newly leased 266,861 square feet of property with six tenants. We are actively marketing our remaining vacant space and currently anticipate positive outcomes. We expect to continue to have access to the debt and equity markets, as necessary, for added liquidity. We believe our same store rents, which have increased by 2% annually in recent years, should continue to rise as we grow, and we will continue to primarily focus on investing in our target markets, with an emphasis on industrial properties and actively managing our portfolio.”
Conference Call: Gladstone Commercial will hold a conference call on Thursday, August 7, 2025, at 8:30 a.m. Eastern Time to discuss its earnings results. Please call (877) 407-9045 to enter the conference call. An operator will monitor the call and set a queue for questions. A conference call replay will be available beginning one hour after the call and will be accessible through August 14, 2025. To hear the replay, please dial (877) 660-6853 and use playback conference number 13754186. The live audio broadcast of the Company’s quarterly conference call will also be available on the investors section of our website, www.gladstonecommercial.com.
About Gladstone Commercial: Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Further information can be found at www.gladstonecommercial.com.
About the Gladstone Companies: Information on the business activities of the Gladstone family of funds can be found at www.gladstonecompanies.com.
Investor Relations: For Investor Relations inquiries related to any of the monthly distribution-paying Gladstone family of funds, please visit www.gladstonecompanies.com.
Non-GAAP Financial Measures:
FFO: The National Association of Real Estate Investment Trusts (“NAREIT”) developed FFO as a relative non-GAAP supplemental measure of operating performance of an equity REIT to recognize that income-producing real estate historically has not depreciated on the basis determined under GAAP. FFO, as defined by NAREIT, is net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property and impairment losses on property, plus depreciation and amortization of real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. FFO does not represent cash flows from operating activities determined in accordance with GAAP and should not be considered an alternative to net income as an indication of its performance or to cash flow from operations as a measure of liquidity or ability to make distributions. The Company believes that FFO per share provides investors with an additional context for evaluating its financial performance and as a supplemental measure to compare it to other REITs; however, comparisons of its FFO to the FFO of other REITs may not necessarily be meaningful due to potential differences in the application of the NAREIT definition used by such other REITs.
Core FFO: Core FFO is FFO adjusted for certain items that are not indicative of the results provided by the Company’s operating portfolio and affect the comparability of the Company’s period-over-period performance. These items include the adjustment for acquisition related expenses, gains or losses from early extinguishment of debt and any other non-recurring expense adjustments. Although the Company’s calculation of Core FFO differs from NAREIT’s definition of FFO and may not be comparable to that of other REITs, the Company believes it is a meaningful supplemental measure of its operating performance. Accordingly, Core FFO should be considered a supplement to net income computed in accordance with GAAP as a measure of our performance.
The Company’s presentation of FFO, as defined by NAREIT, or presentation of Core FFO, does not represent cash flows from operating activities determined in accordance with GAAP and should not be considered an alternative to net income as an indication of its performance or to cash flow from operations as a measure of liquidity or ability to make distributions.
The statements in this press release regarding the forecasted stability of Gladstone Commercial’s income, its ability, plans or prospects to re-lease its unoccupied properties, and grow its portfolio are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on Gladstone Commercial’s current plans that are believed to be reasonable as of the date of this press release. Factors that may cause actual results to differ materially from these forward-looking statementsinclude, but are not limited to, Gladstone Commercial’s ability to raise additional capital; availability and terms of capital and financing, both to fund its operations and to refinance its indebtedness as it matures; downturns in the current economic environment; the performance of its tenants; the impact of competition on its efforts to renew existing leases or re-lease space; and significant changes in interest rates.Additional factors that could cause actual results to differ materially from those stated or implied by its forward-looking statements are disclosed under the caption “Risk Factors” of its Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and other reports filed with the SEC.Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.Gladstone Commercial undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Lone Wolf Exteriors recently announced it is expanding its services in the Leander, TX area. Known for their dedication to quality, they now offer a broader range of siding and window options for local residents. This move aims to respond to the growing need for home improvement services, focusing on energy efficiency and boosting curb appeal.
As one of the top window and siding replacement companies Leander TX, Lone Wolf Exteriors prides itself on delivering excellent craftsmanship. They offer window replacement options in collaboration with leading industry names like Mezzo. These custom-shaped, double-hung, bay, and bow windows are crafted in America and come with a limited lifetime warranty. Meanwhile, they provide affordable siding replacement Leander TX options with high-quality products from names like Prodigy, which are energy-efficient, maintenance-free, and durable.
This expansion shows the company’s ongoing commitment to providing solutions tailored to the unique needs of homeowners in the region. “We are excited to broaden our offerings in Leander,” said a spokesperson for Lone Wolf Exteriors. “Our team understands the evolving needs of our community, and we’re here to support them with high-quality siding and window installations. We believe every homeowner should have access to exceptional services that enhance their living space.”
Lone Wolf Exteriors has a strong reputation for consistently providing reliable and effective home improvement solutions. They have introduced new window options to serve those looking for the Leander TX best home window replacement. By using quality materials and employing expert installers, Lone Wolf Exteriors ensures each project is handled with care and attention to detail.
In addition to windows and siding, the company also offers a variety of residential and commercial doors, ranging from functional back doors to show-stopping front doors, ensuring that every entry point can be both secure and aesthetically pleasing. Experts in the field have noted the rising trend of homeowners updating their windows and siding. More people are looking for ways to improve energy efficiency and home appearance. By offering affordable siding replacement Leander TX services alongside quality window options, Lone Wolf Exteriors positions itself as a key player in addressing these demands.
“We aim to make home improvement a seamless experience,” said the spokesperson. “Our team is dedicated to providing solutions that not only enhance the appearance of homes but also contribute to energy savings and overall comfort. We’re here to help our clients achieve their vision for their homes with ease and professionalism.”
As one of the well-regarded window and siding replacement companies Leander TX, Lone Wolf Exteriors remains committed to high standards. Their skilled workforce is knowledgeable in the latest techniques and equipped with the tools necessary for efficient and effective installations. This commitment to quality has cemented Lone Wolf Exteriors’ place as a trusted name in the local community.
Further demonstrating their range of expertise, Lone Wolf Exteriors excels in roofing replacement services, including solar panel installations, ensuring their clients’ roofs are not only functional but also energy conscious.
Homeowners interested in these expanded services can visit Lone Wolf Exteriors’ website or contact their local office for more information. By offering solutions that account for a variety of needs and budgets, Lone Wolf Exteriors continues making significant contributions to the home improvement industry.
Their service expansion emphasizes Lone Wolf Exteriors’ dedication to customer satisfaction and investing in the community. By delivering the Leander TX best home window replacement and affordable siding replacement Leander TX options, they positively impact individual homes and the broader community.
Lone Wolf Exteriors’ expanded offerings are set to create a lasting impact for homeowners aiming to enhance their property’s value and look. With a focus on quality service and customer-focused solutions, the company solidifies its status as a leader in home improvement services in Leander, TX.
Happy Pot GmbH has launched a groundbreaking fundraising platform in Switzerland. This platform offers a unique way to raise funds without any upfront costs, aiming to support charities, events, NGOs, and individuals in their fundraising efforts.
One of the standout features of this platform is the secure and anonymous system for collecting donations. Fully compliant with Swiss regulations, it ensures that all legal requirements are met, with a strong focus on privacy and data protection. Learn more about their fundraising solutions, including secure payments and anonymous donations at their website https://happypot.ch/en. Happy Pot GmbH takes user privacy seriously, making it a priority to safeguard user information.
Habiba Alami, the founder of Happy Pot GmbH, shared her excitement about the platform’s introduction. She stated, “We’re transforming how Switzerland approaches online fundraising by removing financial barriers and ensuring complete compliance with local regulations.”
The platform boasts multilingual support, accommodating German, English, French, and Italian speakers. This makes it accessible to a wide range of communities within Switzerland.
Users will enjoy a smooth experience thanks to the platform’s intuitive interface, which helps them set up fundraising campaigns tailored to their unique needs. By eliminating initial costs, this platform effectively removes a significant hurdle often faced by organizations and individuals trying to raise funds.
Happy Pot GmbH is dedicated to supporting the fundraising efforts of various groups by offering a flexible and compliant solution. The company’s approach emphasizes user-friendliness and privacy, catering to a diverse and multilingual user base. This platform allows users to connect with potential donors in a secure and efficient manner, making the process more accessible.
With the launch of this platform, Happy Pot GmbH is presenting a fresh way for Swiss-based charities, events, NGOs, and individuals to engage with potential donors. The emphasis on privacy and multilingual accessibility highlights their commitment to user needs across Switzerland.
Happy Pot GmbH envisions reducing fundraising barriers, allowing organizations to concentrate on their missions. Since the platform complies with local regulations and is secure, users can trust it for managing their fundraising endeavors. As the platform evolves, it’s expected to become a vital part of the Swiss fundraising scene, assisting diverse needs and projects.
Those interested in getting started with this fundraising platform are urged to visit the company’s website or contact Happy Pot GmbH directly. The team is ready to assist with any questions related to setting up and utilizing the platform.
Organizations and marketers aiming to engage in fundraising activities will find the platform’s design both easy to use and efficient. Happy Pot GmbH, through its user-centric approach, offers a valuable tool to broaden reach and engage audiences in various fundraising initiatives.
Swiss organizations and individuals now have a new, efficient, and secure way to raise funds. Happy Pot GmbH’s platform focuses on user needs, privacy, and adhering to regulatory standards, promising a cutting-edge fundraising experience. This initiative by Happy Pot GmbH stands to change the landscape of fundraising in Switzerland, offering an easy, cost-effective solution that respects user privacy in today’s digital world. Discover more about their commitment to secure and protected fundraising by visiting the Happy Pot website.
