Millennium Silver (MSC:CA) Plans Non-Brokered Placement of 150M Units at $0.015 to Raise $2.25M
- Financing Plan: Millennium Silver plans to issue up to 150 million units at $0.015 each, aiming to raise gross proceeds of up to $2.25 million, which is intended to enhance the company's liquidity for future growth initiatives.
- Unit Composition: Each unit will consist of one common share and one non-transferable warrant, exercisable at $0.05 per share for the first three years and $0.10 per share in years four and five, providing investors with potential upside opportunities.
- Stock Options Granted: The company also granted 8.16 million stock options with an exercise price of $0.05 per share, expiring on January 14, 2031, which will further incentivize management and employee performance.
- Closing Conditions: The closing of this financing is subject to customary closing conditions, ensuring compliance and transparency in the transaction, thereby enhancing investor confidence.
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- Financial Overview: Studio City International reported a Q4 GAAP EPS of -$0.11, with revenue reaching $160.3 million, reflecting a 4.8% year-over-year increase, showcasing the company's resilience amid challenges.
- Revenue Growth Drivers: The revenue increase was primarily driven by improved performance in mass market table games operations, leading to higher revenue from casino contracts and an uptick in non-gaming revenues, indicating the effectiveness of the company's diversification strategy.
- Market Performance Analysis: Despite the overall revenue growth, the negative GAAP EPS highlights ongoing challenges in cost control and profitability, which may affect investor confidence moving forward.
- Future Outlook: With a rebound in market demand and improved operational efficiency, Studio City International is poised for stronger financial performance in the coming quarters, particularly against the backdrop of sustained growth in non-gaming business segments.
- Significant Revenue Growth: In Q4 2025, Studio City reported total operating revenues of $160.3 million, a 4.8% increase from $152.9 million in Q4 2024, primarily driven by improved performance in mass market table games, indicating strong recovery potential in the Macau market.
- Increased Gaming Revenue: The casino generated gross gaming revenues of $342.7 million in Q4 2025, up 6.5% from $321.8 million in Q4 2024, reflecting successful strategies in attracting customers and further solidifying its market position.
- Improved Adjusted EBITDA: The adjusted EBITDA for Q4 2025 was $60.2 million, a 6.2% increase from $56.7 million in Q4 2024, demonstrating the company's ability to enhance profitability while managing costs effectively, boosting confidence for future investments.
- Reduced Net Loss: The net loss for Q4 2025 was $20.5 million, significantly down from $27.7 million in Q4 2024, showcasing improvements in financial management and operational efficiency, which may enhance investor confidence.

- Financing Plan: Millennium Silver plans to issue up to 150 million units at $0.015 each, aiming to raise gross proceeds of up to $2.25 million, which is intended to enhance the company's liquidity for future growth initiatives.
- Unit Composition: Each unit will consist of one common share and one non-transferable warrant, exercisable at $0.05 per share for the first three years and $0.10 per share in years four and five, providing investors with potential upside opportunities.
- Stock Options Granted: The company also granted 8.16 million stock options with an exercise price of $0.05 per share, expiring on January 14, 2031, which will further incentivize management and employee performance.
- Closing Conditions: The closing of this financing is subject to customary closing conditions, ensuring compliance and transparency in the transaction, thereby enhancing investor confidence.
Financial Results Announcement: Studio City International Holdings Limited will release its unaudited financial results for Q3 2025 on November 6, 2025.
Forward-Looking Statements: The press release includes forward-looking statements that involve risks and uncertainties, which may cause actual results to differ from expectations.
Company Overview: Studio City is a major integrated resort in Cotai, Macau, and is majority owned by Melco Resorts & Entertainment Limited.
Contact Information: The press release provides contact details for media and investor inquiries, including names, titles, and email addresses.

Market Overview: U.S. stocks mostly declined, with the Nasdaq Composite dropping over 200 points on Wednesday.
TJX Companies Performance: TJX shares surged 6.4% to $141.69 after reporting quarterly earnings of $1.10 per share, exceeding estimates, and raising its 2026 EPS guidance.
Notable Stock Gains: Several companies saw significant stock increases, including Guess?, Inc. (+26%), Rocket Pharmaceuticals, Inc. (+19.6%), and Aspen Insurance Holdings Limited (+15.6%).
Additional Stock Movements: Other notable gainers included loanDepot, Inc. (+8%), Almonty Industries Inc. (+8%), and Zepp Health Corporation (+6.5%).

Macau Gaming Revenue Surge: Macau's gross gaming revenue increased by 19% year-over-year in May, reaching 22.1 billion patacas ($2.74 billion), surpassing analyst expectations and marking the highest figure since the pandemic.
Impact of New Developments: The rise in revenue is attributed to new premium gaming tables, VIP suites, high-profile concerts, and a rebound in international visitation, with forecasts for future growth potentially being revised due to this strong performance.





