Manufacturing & Industrial Technology

Toronto – October 16, 2026 -- Vale Base Metals (VBM) has completed the transaction that makes Exiro Nickel Company the new owner and operator of the Thompson Mine Complex in Manitoba, Canada, backed by a commitment to invest up to US$200 million (approximately CAD$280 million) in the operation.

Exiro, Orion and Canada Growth Fund take 81.1% of Exiro Nickel

Exiro Minerals Corp., Orion Resource Partners LP and Canada Growth Fund Inc. collectively hold 81.1% of Exiro Nickel. VBM, through its subsidiary Vale Canada Limited, retains an 18.9% minority interest. All customary regulatory and government authorizations have been received.

VBM secures multi-year offtake for Thompson nickel concentrate

VBM has entered into a multi-year offtake agreement for nickel concentrate produced at the Thompson mill. Together with the retained equity stake, the agreement keeps VBM tied to Canadian nickel supply from Manitoba.

Luxembourg – October 16, 2026 -- Beretta Holding S.A. received 3,589,647 validly tendered shares of Sturm, Ruger & Company (NYSE: RGR) in its cash tender offer, exceeding the 2,400,184 shares it sought and forcing a preliminary proration factor of approximately 38.45%.

Offer priced at $44.80 per share closes oversubscribed

Beretta Holding offered $44.80 per share in cash for up to 2,400,184 shares of Ruger common stock, par value $1.00. The offer expired one minute after 11:59 p.m. New York City time on Thursday, October 15, 2026.

The preliminary count by the depositary excludes a further 2,652,256 shares tendered by notice of guaranteed delivery. Because demand exceeded the cap, Beretta Holding will purchase shares from each tendering stockholder pro rata.

Columbus, Ohio – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) will take part in the 38th Annual Roth Conference on March 23-24, 2026, with management hosting one-on-one investor meetings at The Ritz-Carlton Laguna Niguel in Dana Point, California.

Core Molding opens two days of one-on-one investor access in Dana Point

The molder of structural products will meet investors individually rather than present in a public forum, according to the announcement. Investors seeking a slot can request a meeting through Roth at oneonone@roth.com.

Columbus, Ohio – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) has authorized a stock repurchase program of up to $7.5 million of its issued and outstanding common stock, which has a par value of $1.00 per share.

Board approval sets a $7.5 million ceiling on repurchases

The Board of Directors approved the program. Shares will be bought in the open market in accordance with applicable securities laws.

The program does not obligate Core Molding to acquire any particular amount of stock. The company may suspend or terminate it at any time at its discretion.

Incoming CEO Eric Palomaki links buyback to balance sheet strength

Eric Palomaki, Chief Operating Officer and incoming Chief Executive Officer, said the authorization reflects the company's strong financial position and its confidence in long-term growth prospects. He also said it reflects a commitment to enhancing shareholder value.

Columbus – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) will present to investors on June 10 from 3:20 to 3:55 PM ET at the 16th Annual East Coast IDEAS Investor Conference at The Westin New York at Times Square.

CEO Palomaki and CFO Panda represent Core Molding at the New York event

Chief Executive Officer Eric Palomaki and Chief Financial Officer Alex Panda will attend on the company's behalf. Core Molding will also hold one-on-one investor meetings throughout the conference day.

Investors can book those meetings through the Three Part Advisors conference team, which organizes the event.

Molded structural products span building, utilities, truck and powersports

Core Molding is an engineered materials company that makes molded structural products. Its main end markets are building products, industrial and utilities, medium and heavy-duty truck, and powersports, across the United States, Canada and Mexico.

Columbus, Ohio – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) has amended and extended its credit agreement through 2031, creating a facility with $100 million in combined capacity: a $50 million delayed draw term loan and a $50 million revolving credit facility.

Pricing floats at SOFR plus 1.50% to 3.75% based on leverage

Borrowings will bear interest at SOFR plus an applicable margin of 1.50% to 3.75%. The margin depends on the company's leverage ratio, so borrowing costs move with Core's debt load relative to earnings.

The facility uses a covenant-light structure, which the company says gives it more financial flexibility. The source does not disclose the specific covenant terms, the lending group or the prior facility's pricing.

COLUMBUS, Ohio – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) reported second-quarter net income of $1.8 million, or $0.21 per diluted share, down from $4.1 million, or $0.47 per share, a year earlier. Tooling project revenue fell to $1.8 million from $17.6 million, while production revenue reached $60.9 million.

Non-truck production sales rise 20.8% and offset truck weakness

Production revenue declined 1.2% year over year, a drop the company attributes entirely to the truck vertical. Excluding trucks, production revenue grew 20.8%, driven by powersports, building products, and industrial and utilities markets. For the six months, production revenue was $118.4 million, down 3.5%, and up 20.7% excluding trucks.

Columbus, Ohio – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) will take investors through its roughly 600,000-square-foot Matamoros, Mexico, plant, which runs 22 large and ultra-large presses, as part of a two-day investor event on September 29-30, 2026.

Event opens in Brownsville with a 1:00 pm CT webcast on September 29

Management presentations begin at 1:00 pm CT on Tuesday, September 29, in Brownsville, Texas. An investor Q&A session and a dinner with management follow. The webcast will be available through the Events & Presentations section of the company's investor relations website. A replay and presentation materials will be posted there after the event.

Columbus, Ohio – October 16, 2026 -- Core Molding Technologies (NYSE American: CMT) has promoted Michael J. Gayford to Chief Operating Officer, effective immediately, giving him operational responsibility for all of the company's North American operations.

Mexico operations chief Arnold Alanis now reports to Gayford

Arnold Alanis, Executive Vice President of Operations in Mexico, will report to Gayford in the new structure. Gayford will keep his existing focus on operational excellence, program management and research and development. He will also execute strategic programs aimed at accelerating growth and improving operational performance.

SHANGHAI – October 16, 2026 -- Suzhou-based Jodell Robotics, backed by a strategic industrial investment from Fortune Global 500 company Midea Group, launched three products at CIIF. It claims annual capacity above 100,000 units and more than 6,000 customers served worldwide.

Jodell launches three products to cover perception, interaction and execution

The portfolio comprises the Mozart biomimetic five-finger dexterous hand, self-developed visuo-tactile sensors and an embodied intelligence data acquisition kit. Jodell targets global research institutes, humanoid robot developers and high-end manufacturers.