Category: Accesswire

  • Caledonia Mining Corporation Plc Notice of Q4 and FY 2025 Results and Investor Presentation

    (NYSE AMERICAN, AIM and VFEX: CMCL)

    SAINT HELIER, JE / ACCESS Newswire / March 11, 2026 / Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) expects to publish its operating and financial results for the quarter and year ended December 31, 2025 on Monday 23 March, 2026.

    A remote presentation for analysts and investors will be held on the same day, at 2:00pm London time, followed by an opportunity to ask questions.

    A presentation of the results and outlook for Caledonia will be available on Caledonia’s website (www.caledoniamining.com).

    Conference Call Details

    A presentation for investors and analysts will be held as follows:

    When: 23 March, 2026 at 2:00pm London time

    Topic: Q4 and FY2025 Results Call for Investors

    Register in advance for this webinar:

    Webcast link: https://stream.brrmedia.co.uk/broadcast/69ae9fc354af4a0013267828

    Enquiries

    Caledonia Mining Corporation Plc
    Mark Learmonth
    Camilla Horsfall

    Tel: +44 1534 679 800
    Tel: +44 7817 841 793

    Cavendish Capital Markets Limited (Nomad and Broker)
    Adrian Hadden
    Pearl Kellie

    Tel: +44 207 397 1965
    Tel: +44 131 220 9775

    Camarco, Financial PR (UK)
    Gordon Poole
    Elfie Kent

    Tel: +44 20 3757 4980

    Curate Public Relations (Zimbabwe)
    Debra Tatenda

    Tel: +263 77802131

    IH Securities (Private) Limited (VFEX Sponsor – Zimbabwe)
    Lloyd Mlotshwa

    Tel: +263 (242) 745 119/33/39

    SOURCE: Caledonia Mining Corporation Plc

    View the original press release on ACCESS Newswire

  • Taxes For Expats Expands US Tax Compliance Services with Streamlined Procedure Practice Area

    NEW YORK CITY, NY / ACCESS Newswire / March 11, 2026 / Taxes for Expats, a U.S.-based tax services firm specializing in U.S. expat taxation, today announced the formal establishment of a dedicated Streamlined Procedure practice area focused exclusively on helping individuals return to IRS compliance when required U.S. tax filings are overdue.

    The firm has worked with IRS streamlined programs since their introduction in 2012 and reported more than 2,200 streamlined submissions completed for U.S. taxpayers in the United States and abroad.

    IRS streamlined filing compliance procedures

    The practice area supports taxpayers who may qualify for the IRS Streamlined Filing Compliance Procedures. These IRS programs include streamlined foreign offshore procedures (SFOP), generally for eligible taxpayers who live outside the United States, and streamlined domestic offshore procedures (SDOP), generally for eligible taxpayers who live in the United States.

    Taxes for Expats outlines streamlined filings, including common requirements and the steps involved, at https://www.taxesforexpats.com/articles/expat-tax-rules/streamlined-filing-compliance-procedures.html

    Streamlined procedure support built for cross-border complexity

    Taxes for Expats cited that the Streamlined Procedure practice area is structured to support streamlined submissions that involve multiple reporting requirements and cross-border dynamics. The following elements of the practice model are:

    • Specialist-led streamlined support – cases are prepared and reviewed by CPAs and Enrolled Agents who focus on streamlined procedure submissions and noncompliance matters.

    • Experience across U.S. and overseas situations – the firm reported more than 14 years of streamlined procedure experience since 2012 and more than 2,200 streamlined submissions supported for taxpayers in the United States and abroad.

    • Process built for real expat situations – the streamlined workflow is designed to address foreign income reporting, foreign tax credits, foreign financial accounts, mixed residency timelines, and dual citizenship considerations.

    • Layered review for technical accuracy – the firm stated that streamlined filings follow a preparation and review process intended to support consistency and alignment with IRS requirements.

    • Non-willful certification support – the practice area includes guidance to gather client information for the required non-willful certification statement as part of the streamlined submission process.

    • Support beyond streamlined submissions – the firm noted that streamlined clients often transition into ongoing annual compliance after completing a streamlined filing.

    Dedicated practice model for streamlined filings

    Under the practice model, streamlined cases are supported by a dedicated onboarding team trained for streamlined submissions. Taxes for Expats has also implemented software customized for the streamlined procedure process and assigns each case to Certified Public Accountants (CPAs) and Enrolled Agents who focus on streamlined procedure matters.

    A client who addressed prior noncompliance through the Streamlined Procedure shared his experience:

    “In expat communities, I was told that if my income was earned and taxed abroad, I didn’t need to file in the U.S., and I believed that. Later, I realized that assumption had put me out of compliance, and I became concerned about potential penalties.

    Taxes for Expats guided me through the Streamlined Procedure, and the clear, structured process made everything feel manageable.”

    – Matthew K. Nelson.

    In response, Huntly Mayo-Malasky, CPA, the Chief Executive Officer of Taxes for Expats, commented on Matthew’s experience, describing how the formal practice area strengthens the firm’s streamlined process.

    “Matthew’s experience is common among taxpayers living abroad. Our Streamlined Procedure practice area is designed for exactly this type of situation – offering a structured path back to compliance through thorough eligibility assessment, CPA-led preparation, coordinated filing of required returns and FBARs, and a layered review process to support consistency.

    Built on streamlined procedure experience dating back to 2012 and more than 2,200 submissions supported for taxpayers in the U.S. and worldwide, the goal is to establish a clean compliance baseline so future filings become simpler and more predictable.”

    Supporting expats, dual citizens, and accidental Americans since 2002

    Taxes for Expats reported that it has assisted thousands of individuals with U.S. tax compliance. Common client backgrounds include:

    • Expats – U.S. citizens or residents living abroad who may not have realized that U.S. filing and reporting obligations can continue overseas.

    • Dual citizens – people who hold U.S. citizenship and citizenship in another country, including individuals who have lived outside the United States for many years.

    • Accidental Americans – people who may have U.S. citizenship through birth or a parent, but did not grow up in the United States and may not have realized they had U.S. filing obligations.

    • Americans who moved abroad early in life – individuals who built their careers and financial lives outside the United States.

    • Foreign-born individuals who acquired U.S. citizenship through family – including people who obtained citizenship through a parent.

    Since 2002, Taxes for Expats has provided U.S. tax preparation and compliance services to individuals living outside the United States, including expats, dual citizens, and foreign nationals with U.S. tax obligations. More information is available at https://www.taxesforexpats.com/

    Media contact

    Name: Anastasiia Portales
    Email: marketing@tfx.tax
    Phone: +1 646 EXPAT US (397 2887)

    About Taxes for Expats

    Taxes for Expats is a U.S.-based tax services firm specializing in U.S. expat taxation and international tax compliance. Established in 2002, the firm supports U.S. taxpayers living in more than 190 countries, including expats, dual citizens, and accidental Americans, with U.S. tax returns, streamlined procedures, FBAR filings, and other U.S. tax compliance requirements.

    This press release is provided for informational purposes and does not constitute tax or legal advice. Eligibility for IRS programs depends on individual facts and circumstances.

    Taxes for Expats

    SOURCE: taxesforexpats.com

    View the original press release on ACCESS Newswire

  • Skymantics and Geo Orchestration AI Bridge the “Intelligence Gap” with New Privacy-First Synthetic Integration

    Skymantics’ DataGenesis Engine Now Feeds the Anna Orchestration Layer, Enabling High-Fidelity “What-If” Simulations Without PII Risk.

    MELBOURNE, FL / ACCESS Newswire / March 11, 2026 / Skymantics, LLC, a leader in model-based AI synthetic data, today announced the formal integration of its DataGenesis engine with Geo Orchestration AI’s Anna Orchestration Layer. This technical partnership provides federal and commercial enterprises with a “Plug-and-Play” simulation environment where complex orchestration and realistic data finally meet.

    For AI orchestration to be effective, it requires massive amounts of high-fidelity data. However, security protocols and PII (Personally Identifiable Information) restrictions often leave orchestrators like Anna working with “thin” or “masked” data that lacks real-world complexity.

    The Skymantics integration solves this by providing Anna with Isomorphic Synthetic Data – data that maintains the exact statistical distributions and longitudinal logic of real-world populations without containing any real individual’s information.

    “Anna is a world-class conductor, but a conductor needs a complete orchestra to create a masterpiece,” said Brad Molander, CTO of Skymantics. “By feeding DataGenesis-generated environments into the Anna Orchestration Layer, we are giving users a ‘Multiverse’ capability. They can now ask Anna to simulate a decade of healthcare demand or a regional economic shift, and the underlying data will age, evolve, and react with 100% logical integrity.”

    Key Integration Pillars:

    Zero-Trust Intelligence: Anna can now orchestrate across sensitive domains-such as medical claims or tax records-because the Skymantics layer ensures the underlying data is fully synthetic and mathematically “de-risked.”

    Temporal Evolution: As Anna orchestrates “what-if” scenarios, DataGenesis provides the longitudinal depth, allowing users to see how population digital twins change over time, not just in a static snapshot.

    Battle-Tested Provenance: The integration brings Skymantics’ experience in Federal Systems Engineering to Geo Orchestration’s agile AI platform, creating a solution that meets the rigorous “Information-Centric” standards of the U.S. Government.

    About Skymantics, LLC

    Skymantics is a leader in systems engineering and model-based AI. By bridging the gap between legacy infrastructure and next-generation simulation, Skymantics enables agencies to “leverage the power of data” to solve the nation’s most complex modernization challenges.

    Media Contact:

    Antonio Correas, Skymantics
    Phone: (202) 780-7591
    Email: antonio.correas@skymantics.com
    Website: www.skymantics.com

    SOURCE: Skymantics, LLC

    View the original press release on ACCESS Newswire

  • Allied Universal Technology Services Leaders Named to Women in Security Forum Power 100

    IRVINE, CA / ACCESS Newswire / March 11, 2026 / Allied Universal®,  the world’s leading security and facility services company, is pleased to announce that women leaders with its Technology Services business unit have been named to the Security Industry Association (SIA) 2026 Women in Security Forum (WISF) Power 100 list.

    Tia Eskandari, senior director of national field service, and Karisa Dominguez, director of talent acquisition, were selected for their demonstrated excellence in leadership, innovation and impact of contributions on her team.

    “Congratulations to Tia and Karisa for being named to this prestigious list in recognition of their outstanding professional achievements and contributions to our Technology Services business unit,” said Steve Jones, Allied Universal global chairman and CEO. “Women at Allied Universal lead with passion and enthusiasm every day, inspiring their teams and colleagues while helping to drive our continued success and innovation.”

    Allied Universal is dedicated to becoming an Employer of Choice by providing career growth opportunities and a positive work environment, while removing barriers to the advancement of women who have been historically underrepresented in the security industry.

    “I am honored to be named to the SIA Women in Security Forum Power 100 for 2026,” Eskandari said. “I’m proud to help drive impact in our industry, and excited to continue supporting and inspiring the next generation of security leaders.”

    SIA’s Women in Security Forum is a community that works to engage all security professionals to promote, recruit and cultivate women’s leadership for a bolder presence within the industry. This initiative annually honors 100 women in the security industry whose outstanding accomplishments and success stories are breaking barriers, redefining the faces of leadership and showcasing the innovative contributions women bring to the industry.

    “Being selected for the SIA Women in Security Forum Power 100 is a tremendous honor,” Dominguez said. “This recognition motivates me to keep championing excellence, innovation, and opportunity in our industry.”

    About Allied Universal

    The world’s leading security and facility services provider and trusted partner to more than 400 of the Fortune 500, Allied Universal® delivers unparalleled customer relationships, innovative solutions, cutting-edge smart technologies and tailored services that enable clients to focus on their core businesses. With operations in over 100 countries and territories, Allied Universal is the third largest private employer in North America and seventh in the world. Annual revenue is approximately $23 billion. There is no greater purpose and responsibility than serving and helping to safeguard customers, communities and people. For more information, visit www.aus.com.

    # # #

    Media Contact:

    Kari Garcia
    Director of Communications – North America
    Allied Universal
    Phone: 949-826-3560
    Email: Kari.Garcia@aus.com
    Newsroom: ausnewsroom.aus.com

    SOURCE: Allied Universal

    Related Documents:

    View the original press release on ACCESS Newswire

  • Protecting Trillions in Energy Assets: How Molecular Traceability is Helping Safeguard Global Oil and Gas Investments

    As geopolitical tensions reshape trade flows and energy markets worldwide, a new form of material verification is emerging-one that enables producers, traders, and investors to protect capital and preserve value across the global energy supply chain.

    NEW YORK CITY, NY / ACCESS Newswire / March 11, 2026 / With sanctions regimes expanding, regional conflicts intensifying, and global alliances shifting, the energy industry is operating in an increasingly volatile environment. Across the oil and gas sector, trillions of dollars’ worth of crude, refined fuels, and petrochemical products move through an intricate network of pipelines, shipping lanes, refineries, storage hubs, and trading platforms each year.

    In response to these pressures, new technologies are emerging that allow market participants to verify the origin, authenticity, and chain-of-custody of energy materials themselves. Rather than relying solely on documentation, these solutions embed identity directly into the physical commodities moving through the global system.

    SMX (Security Matters) PLC (NASDAQ:SMX), a company specializing in molecular traceability technology for materials and commodities, is helping introduce this next generation of supply-chain verification-one in which materials carry a persistent, verifiable identity throughout their lifecycle.

    For the energy sector, where cargoes often pass through multiple jurisdictions, terminals, blending facilities, and trading intermediaries, uncertainty surrounding the origin or handling of a shipment can present real financial risk. Substitution, mislabeling, sanctions violations, and supply-chain manipulation can all expose companies to regulatory penalties, reputational harm, and costly disruptions.

    SMX’s approach addresses these vulnerabilities by linking identity directly to the material itself.

    Traditional supply-chain systems rely largely on paperwork, certifications, and digital records that exist separately from the commodities they represent. In complex global trading environments, these records can be altered, misplaced, or disconnected from the physical product they are meant to track.

    Molecular traceability changes that equation.

    Through the use of invisible molecular markers embedded directly within materials, SMX technology allows crude oil, refined fuels, petrochemicals, and other industrial commodities to carry a permanent identifier that can be detected and verified at any point in the supply chain-from production and transport to refining, blending, storage, and final delivery.

    For producers, traders, and institutional investors, this capability offers a new layer of financial protection.

    With the ability to confirm material origin and validate chain-of-custody across complex supply networks, companies can reduce exposure to fraud, strengthen sanctions compliance, protect commodity pricing integrity, and safeguard the long-term performance of energy assets moving through global markets.

    In practical terms, the technology helps preserve the economic value embedded in the world’s energy infrastructure.

    At the same time, governments and regulators are increasing pressure on companies to demonstrate transparency in areas such as sanctions compliance, carbon reporting, and responsible sourcing. Tools that enable direct physical verification of materials are becoming an important part of this evolving compliance landscape.

    “Energy supply chains represent some of the most valuable and complex industrial systems in the world,” the company said. “When materials themselves carry verifiable identity, it creates a powerful mechanism for protecting investment, strengthening market confidence, and reducing systemic risk across global trade.”

    Although the energy sector represents one of the most immediate applications, SMX’s molecular traceability platform is designed to support a broad range of industries where authenticity, origin verification, and supply-chain integrity are critical.

    Key areas of application include:

    Energy and petrochemicals: Confirming the origin and custody of crude oil, refined fuels, and petrochemical inputs across international markets.

    Precious metals and mining: Authenticating gold, silver, and critical minerals from extraction through refining and storage.

    Industrial metals: Tracking materials such as steel and aluminum through manufacturing, reuse, and recycling systems.

    Plastics and circular materials: Certifying recycled content and supporting large-scale circular economy initiatives.

    Rubber and industrial inputs: Verifying latex, rubber, and other manufacturing materials throughout global supply networks.

    Luxury goods and textiles: Protecting authenticity and safeguarding brand value across international markets.

    Agricultural commodities: Confirming origin and sustainability claims for products including cotton, palm oil, and cocoa.

    Semiconductors and technology components: Authenticating electronic components to prevent counterfeiting and supply-chain infiltration.

    By embedding molecular markers within physical materials and linking those markers to a secure digital verification system, SMX enables what the company describes as a “physical-to-digital identity layer” for global commerce. This framework allows participants across the value chain-from producers and refiners to regulators and financial institutions-to verify material provenance, track transformations during production processes, and maintain reliable audit trails across complex supply networks.

    As uncertainty continues to shape global energy markets, technologies that enhance transparency, reinforce supply-chain security, and protect investment value are becoming increasingly central to the future of international trade.

    ABOUT SMX (SECURITY MATTERS) PLC

    SMX (Security Matters) PLC (NASDAQ:SMX) is a technology company focused on molecular traceability and authentication solutions for global supply chains. Its platform embeds invisible molecular markers directly into physical materials-including solids, liquids, and gases-creating a persistent identity that can be detected and verified throughout a product’s lifecycle.

    Supported by proprietary reader technology and a secure digital verification platform, SMX enables materials to carry an auditable record of origin, composition, and supply-chain history. These capabilities support authentication, regulatory compliance, sustainability reporting, recycling verification, and circular economy initiatives across a wide range of industries.

    SMX’s technology is designed to help protect asset value, strengthen supply-chain security, and enhance transparency across sectors including energy, metals and mining, plastics and circular materials, industrial rubber, semiconductors, textiles, luxury goods, and agricultural commodities. By linking molecular-level material identity with digital traceability systems, the company is helping build a more secure and accountable infrastructure for global trade.

    Contact: Jeremy Murphy/ jeremy@360bespoke.com

    SOURCE: SMX (Security Matters) Public Limited

    View the original press release on ACCESS Newswire

  • La Vida Salon and Spa Recognized with 2026 Consumer Choice Award for Day Spa in Windsor

    WINDSOR, ON / ACCESS Newswire / March 11, 2026 / La Vida Salon and Spa has been recognized with the 2026 Consumer Choice Award in the Day Spa category, honouring its reputation as one of Windsor’s premier destinations for beauty, wellness and relaxation. This recognition reflects the spa’s commitment to delivering exceptional service while creating a tranquil environment where clients can restore both body and mind.

    Located at 1580 Ouellette Avenue in the heart of Windsor, La Vida Salon and Spa has established itself as more than a traditional salon. The company describes itself as an oasis of beauty and serenity, offering a carefully curated blend of day spa services and advanced medical aesthetics designed to provide both relaxation and visible, lasting results.

    La Vida Salon and Spa offers a comprehensive range of services, including hair care, skin treatments, body services and aesthetic enhancements. Clients can enjoy rejuvenating facials, therapeutic massage, manicures and pedicures, professional hair services and customized skincare solutions tailored to their individual needs. By combining traditional spa experiences with modern aesthetic technologies, the team ensures that each visit is both indulgent and results driven.

    What sets La Vida Salon and Spa apart is its holistic approach. Every treatment is designed as part of a broader wellness journey, balancing restorative relaxation with advanced beauty techniques. The spa’s experienced professionals take the time to understand each client’s goals, offering personalized recommendations and attentive care in a calming, welcoming setting.

    The atmosphere plays a central role in the La Vida experience. From the moment guests enter, they are welcomed into a peaceful space thoughtfully designed to encourage comfort and serenity. The team prides itself on professionalism, expertise and genuine care, ensuring clients leave feeling refreshed, confident and renewed.

    Receiving the 2026 Consumer Choice Award is a proud milestone for the La Vida Salon and Spa team. “We are honoured to receive this recognition in the Day Spa category,” said the team at La Vida Salon and Spa. “Our mission has always been to create a space where beauty, wellness and relaxation come together. We are grateful to our clients for trusting us with their self-care journeys and for their continued support.”

    The Consumer Choice Award recognizes businesses that demonstrate excellence within their industry and maintain strong customer satisfaction. For La Vida Salon and Spa, this award reflects its dedication to high standards of service, advanced treatment options and a consistently positive client experience in the Windsor community.

    Clients are invited to experience firsthand why La Vida Salon and Spa has earned the 2026 Consumer Choice Award and discover a destination where beauty and serenity meet.

    About La Vida Salon and Spa
    La Vida Salon and Spa is a full-service beauty and wellness destination located at 1580 Ouellette Ave in Windsor, Ontario. Offering a blend of traditional day spa services and advanced medical aesthetics, the spa provides a holistic approach to relaxation and results driven beauty treatments. With a focus on personalized care, professional expertise and a serene atmosphere, La Vida Salon and Spa is dedicated to helping clients look and feel their best. To learn more, visit www.lavidasalonandspa.com.

    About Consumer Choice Award
    Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.

    Contact Information
    Sumi Saleh
    Communications Manager
    ssaleh@ccaward.com

    SOURCE: Consumer Choice Award

    View the original press release on ACCESS Newswire

  • Republican Congressional Candidate Adam Perez Arquette Reveals Past Sex Trafficking Event

    Republican Congressional Candidate Adam Perez Arquette Reveals Past Sex Trafficking Event

    Adam Perez Arquette, district 6, Kentucky congressional candidate is ready and willing to speak about Jeffrey Epstein.

    LEXINGTON, KY / ACCESS Newswire / March 10, 2026 / Adam Perez Arquette, Republican candidate for U.S. Congress in Kentucky’ s 6th District, today disclosed that he is a sex trafficking survivor.

    Arquette, a longtime resident of Lexington and advocate for victims’ rights, stated that the incident occurred during a period when elite sex trafficking networks were actively exploiting individuals. “As a survivor, I am committed to shining a light on these atrocities to prevent them from happening to others,” Arquette said. “This experience has fueled my dedication to public service and fighting for justice in Washington.”

    Arquette emphasized that his campaign remains focused on key issues facing Kentucky families, including economic growth, border security, and veteran support. He called for renewed investigations into Epstein’s associates and urged survivors to come forward.

    For more information on Adam Perez Arquette’s campaign, visit apaforcongress.com

    Media Contact:

    Adam Perez Arquette
    954-256-4092
    Kentucky6@apaforcongress.com

    SOURCE: Adam Perez Arquette for Congress

    View the original press release on ACCESS Newswire

  • Avino Reports Exceptional 2025 Results and Advances Multi-Asset Growth Strategy; Significant Improvements Across Key Financial Metrics; Treasury Reaches Record Levels

    Avino Reports Exceptional 2025 Results and Advances Multi-Asset Growth Strategy; Significant Improvements Across Key Financial Metrics; Treasury Reaches Record Levels

    VANCOUVER, BC / ACCESS Newswire / March 10, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) a long-standing silver producer in Mexico, announces its audited consolidated financial results for the fourth quarter and year ended December 31, 2025. All amounts are in U.S. dollars unless stated otherwise.

    Fourth Quarter 2025 Financial Highlights

    • Record Revenues: The Company achieved a record $30.5 million in revenues for Q4 2025, an increase of 25% from Q4 2024, our previous quarterly record. Further, this quarter represented a return to primary silver production and revenues, with 54% of its revenues coming from silver at an average realized price of $59.52 per ounce.

    • Record Mine Operating Income: Mine operating income was $17.8 million, an increase of 71% from Q4 2024.

    • Record Net Income: Earnings, or net income after taxes, was $10.5 million, or $0.06 per share, both representing quarterly records.

    • Record Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”)3 and Adjusted Earnings3: EBITDA was $14.4 million, an increase of 58% from Q4 2024. Adjusted earnings were $16.3 million, or $0.10 per share, an increase of 62% and 43%, respectively, from Q4 2024.

    • Record Operating Cash Before Working Capital Movements3: The Company generated record operating cash before working capital movements of $19 million, an increase of 219% compared to Q4 2024.

    • Record MineOperating Cash Flow Before Taxes: Mine operating cash flows before taxes were $19.0 million, an increase of 60% from Q4 2024.

    • Return to Primary Silver Production: The Company’s silver equivalent production consisted of over 50% silver production for the first quarter since the Company was operating the San Gonzalo Mine. This milestone was driven by the processing of development material from its La Preciosa Mine at the Avino processing facility.

    Full Year 2025 Financial Highlights

    • Record Treasury & Net Cash Position: At the end of 2025,The Company had a record all-time cash balance of $102 million, an increase of 272% from the end of 2024. This represents the highest balance in the Company’s history and positions the Company to execute on its organic growth plans.

    • Record Revenues: The Company generated a record $92.2 million, an increase of 39% from 2024, driven by continued higher realized metal prices in 2025. The average silver price realized in 2025 was $44.70 per ounce, much increased from the price of $29.21 realized in 2024.

    • Record Mine Operating Income: Mine operating income was $49 million, representing an increase of 109% compared to 2024.

    • Record Net Income, Adjusted Earnings & EBITDA: The Company recorded net income of $26.6 million, or $0.17 per share, with adjusted earnings3 up 118% at $46.5 million, or $0.29 per share. EBITDA3 rose significantly and was $43 million, up 138%.

    • Record Operating Cash Before Working Capital Movements3: Operating cash generated before working capital movements was $35.3 million, up 134% from 2024. The Company also generated mine operating cash flow before taxes3 of $52.8 million, an increase of 91% from 2024.

    • Consistent Cash Costs and AISC per Silver Equivalent Ounce (“AgEq”)3: Cash costs per AgEq payable ounce sold¹²³ were $16.13, an increase of 9% compared to 2024, while all-in sustaining cash costs per AgEq payable ounce sold¹²³ were $23.75, up 15%. The increase was primarily attributable to processing development material from the Company’s La Preciosa Mine, as the Company has not yet commenced production mining activities at La Preciosa. Furthermore, lower AgEq payable ounces were sold in the current period than previous periods as a result of higher silver prices impacting the silver:gold and silver:copper ratios used to calculate AgEq ounces.

    “Avino delivered an exceptionally strong performance in 2025, marked by solid operational execution and important milestones that advanced our growth strategy,” said David Wolfin, President and CEO. “During the year we continued to generate robust financial results while progressing development at La Preciosa and advancing our broader multi-asset growth strategy in Durango, Mexico. Higher metal prices, improved efficiencies, and disciplined capital management supported our performance, while drill results at La Preciosa exceeded expectations and highlighted the potential of this important asset in our growth plans. Our achievements would not have been possible without the dedication and expertise of our employees and operational teams. Their commitment to safety, innovation, and operational excellence continues to drive Avino forward. As we enter 2026 with a strong balance sheet, growing production profile, and a favourable precious metals market, we believe Avino is well positioned to continue delivering long-term value for our shareholders.”

    Financial Highlights

    HIGHLIGHTS
    (In US$, unless otherwise noted)
    Fourth
    Quarter 2025
    Fourth
    Quarter 2024

    Change

    Year
    2025

    Year
    2024

    Change

    Financial Operating Performance (in 000’s)
    Revenues

    $

    30,544

    $

    24,382

    25

    %

    $

    92,227

    $

    66,178

    39

    %

    Mine operating income

    $

    17,844

    $

    10,456

    71

    %

    $

    48,535

    $

    23,201

    109

    %

    Net income

    $

    10,460

    $

    5,092

    105

    %

    $

    26,643

    $

    8,100

    229

    %

    Earnings before interest, taxes and amortization (“EBITDA”)3

    $

    14,409

    $

    9,099

    58

    %

    $

    42,996

    $

    18,037

    138

    %

    Adjusted earnings3

    $

    16,297

    $

    9,950

    64

    %

    $

    46,535

    $

    21,333

    118

    %

    Cash provided by operating activities

    $

    9,986

    $

    15,551

    -36

    %

    $

    27,423

    $

    23,124

    19

    %

    Operating cash flow before working capital adjustments3

    $

    18,953

    5,947

    219

    %

    35,343

    15,089

    134

    %

    Mine operating cash flow beforetaxes3

    $

    18,989

    $

    11,878

    60

    %

    $

    52,709

    $

    27,578

    91

    %

    Per Share Amounts
    Earnings per share – diluted

    $

    0.06

    $

    0.03

    100

    %

    $

    0.17

    $

    0.06

    183

    %

    Adjusted earnings per share3

    $

    0.10

    $

    0.07

    43

    %

    $

    0.29

    $

    0.15

    93

    %

    Liquidity & Working Capital (in 000’s)

    December 31,
    2025
    December 31,
    2024

    Change

    December 31,
    2025

    December 31,
    2024

    Change

    Cash

    $

    101,724

    $

    27,317

    272

    %

    $

    101,724

    $

    27,317

    272

    %

    Working capital3

    $

    99,562

    $

    25,235

    295

    %

    $

    99,562

    $

    25,235

    295

    %

    Operating Highlights and Overview

    HIGHLIGHTS
    (In US$, unless otherwise noted)
    Fourth
    Quarter 2025
    Fourth
    Quarter 2024

    Change

    Year
    2025
    Year
    2024

    Change

    Operating

    Tonnes Milled

    189,338

    181,733

    4

    %

    736,935

    648,774

    14

    %

    Silver Ounces Produced

    345,298

    283,794

    22

    %

    1,157,828

    1,109,214

    4

    %

    Gold Ounces Produced

    1,687

    2,560

    -34

    %

    7,621

    7,477

    2

    %

    Copper Pounds Produced

    1,295,244

    1,773,694

    -27

    %

    5,667,996

    6,197,603

    -9

    %

    Silver Equivalent Ounces1 Produced

    671,583

    735,557

    -9

    %

    2,606,155

    2,652,498

    -2

    %

    Concentrate Sales and Costs
    Silver Equivalent Payable Ounces Sold2

    555,567

    889,294

    -38

    %

    2,362,505

    2,562,211

    -8

    %

    Cash Cost per Silver Equivalent Payable
    Ounce1,2,3

    $

    21.10

    $

    13.88

    52

    %

    $

    16.13

    $

    14.84

    9

    %

    All-in Sustaining Cost per Silver
    Equivalent PayableOunce 1,2,3

    $

    31.59

    $

    18.62

    70

    %

    $

    23.75

    $

    20.57

    15

    %

    Operating Highlights

    La Preciosa Milestones

    • Commenced Processing of La Preciosa Development Material: Avino commenced extraction, haulage and processing of mineralized development material from the La Preciosa Mine during the quarter at an average rate of 200 tonnes per day. In total, 11,995 tonnes of mineralized material were processed at the Avino milling and processing facility, which is located 19 kilometres away from the entrance to the La Preciosa Mine.

    • La Preciosa Royalty & Obligations Repurchase: During the 3rd quarter, Avino acquired all outstanding royalties and obligations held by Deterra Royalties Inc. (“Deterra”), for consideration of a $13.25 million upfront payment followed by an $8.75 million deferred payment, achieving 100% interest on the La Preciosa property. The deferred payment to Deterra is due in Q3 2026.

    Operations

    • Achieved Annual Guidance: For the full year, Avino produced 2,606,155 AgEq ounces in 2025, within the guidance range provided by the Company in early 2025 of 2.5 to 2.8 million AgEq ounces. In the fourth quarter, Avino produced 345,298 AgEq ounces representing a strong increase from Q4 of 2024. The increase was driven by development production from La Preciosa, which contributed 48,244 silver ounces, as well as 6% higher silver production from the Avino Mine.

    • Return to Primary Silver Production & Revenues: 51% of the Company’s Q4 2025 production came from silver processed from the production material from the Avino Mine and development material from La Preciosa. Further, 54% of the Company’s Q4 2025 revenues were earned from sales of silver ounces.

    • Continued Elevated Mill Throughput: In Q4 2025, Avino achieved 4% higher mill throughput versus Q4 2024, totalling 189,338 tonnes of material. These throughput levels have been consistent throughout 2025 and were a result of upgrades and automation enhancements made by our operations and maintenance teams, resulting in significant improvements in mill availability. In 2025, Avino achieved 14% higher mill throughput versus 2024, totalling 736,935 tonnes of material. These throughput levels built off last quarter’s record and were a result of previous upgrades and automation enhancements made by our operations team, demonstrating significant improvements in mill availability.

    • Health and Safety Performance Improvements: For 2025, the Company achieved a reduction in Lost Time Incident Frequency Rate (“LTIFR”) of 27% to 3.55 per 1,000,000 hours worked compared to 2024. Total reportable lost time incident rate also decreased to 0.07, down over 30% from 2024.

    2025 Capital Expenditures

    Capital expenditures in 2025 totaled $26.7 million, compared to $6.6 million in 2024, and exceeded the capital guidance outlined in the Avino 2025 Outlook press release. The increased amount reflects the strategic acquisition of the La Preciosa royalties totaling $13.25 million, and excluding this amount, the Company came in the range of its capital expenditures guidance of $13 – $18 million.

    The earnings should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the corresponding period, which can be viewed on the Company’s website at www.avino.com, or on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov.

    ESG Initiatives

    Avino follows the ESG Standards and the United Nations Sustainable Development goals. There are 17 Sustainable Development Goals (“SDGs”), which were developed as a call to action by all countries developed and developing in a global partnership.

    Alongside our operational and growth initiatives, we continue to advance our Corporate Social Responsibility (“CSR”) programs across both the Avino Mine and La Preciosa, supporting local communities and contributing to long-term social and economic development in the region.

    Mexican nationals account for 100% of our mine work force. At the end of the year, we have over 500 direct jobs which includes the workers at the mine site and in our Durango offices. This translates to approximately 3 times the number of indirect jobs for services, consultants and suppliers in the surrounding communities and the Durango area.

    For the third consecutive year, Avino has received the Empresa Socialmente Responsible (“ESR”) designation which reflects our economic, social and environmental commitment to making a positive impact for our local communities. The distinction is awarded annually by the Mexican Council for Philanthropy (Cemefi) and the Alliance for Corporate Social Responsibility for Mexico (AliaRSE).

    Avino is currently preparing the Company’s second annual Sustainability Report, which will be published on our website upon completion. The report is intended to provide transparency on how responsible mining practices, strong governance, and community engagement support Avino’s operational performance and long-term growth.

    Qualified Person

    Peter Latta, P. Eng, MBA, VP Technical Services, Avino, who is a qualified person within the context of National Instrument 43-101 has reviewed and approved the technical data in this news release.

    Non-IFRS Measures

    The financial results in this news release include references to non-IFRS Accounting Standards measures. These measures are used by the Company to manage and evaluate the operating performance of the Company’s mining operations and are widely reported in the silver and gold mining industry as benchmarks for performance, but do not have standardized meanings prescribed by IFRS. For a reconciliation of non-GAAP and GAAP measures, please refer to the “Non-IFRS Accounting Standards Measures” section of the Company’s MD&A dated March 10, 2026 for the year ended December 31, 2025, which is incorporated by reference within this news release and is available on SEDAR+ at www.sedarplus.ca.

    Earnings Call Information

    A conference call to discuss the Company’s Q4 and Year End 2025 operational and financial results will be held on Wednesday, March 11, 2026, at 8:00 a.m. PT / 11:00 a.m. ET. To participate in the conference call or follow the webcast, please see the details below.

    Shareholders, analysts, investors, and media are invited to join the webcast and conference call by logging in here Avino’s Q4 and Year End 2025 Financial Results or by dialing the following numbers five to ten minutes prior to the start time.

    • Toll Free: 888-506-0062

    • International: +1 973-528-0011

    • Participant Access Code: 314809

    Participants will be greeted by an operator and asked for the access code. If a caller does not have the code, they can reference the Company name. Participants will have the opportunity to ask questions during the Q&A portion. The conference call and webcast will be recorded, and the replay will be available on the Company’s website later that day.

    About Avino

    Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper production remains unhedged. The Company intends to maintain long-term sustainable and profitable mining operations to reward shareholders and the community alike through our growth at the historic Avino Property and the strategic acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide Tailings Project was completed. This study is a key milestone in our growth trajectory. Avino has been included in the Toronto Stock Exchange’s 2025 TSX30™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025 ranking. As part of Avino’s commitment to adopting sustainable practices, we have been operating a dry-stack tailings facility for more than two years with excellent results. We are committed to managing all business activities in a safe, environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver & Gold Mines. To view the Avino Mine VRIFY tour, please click here.

    For Further Information, Please Contact:

    Investor Relations
    Tel: 604-682-3701
    Email: IR@avino.com

    This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including the mineral resource estimate for the Company’s Avino properties, including La Preciosa, located near Durango in west-central Mexico (the “Avino Property”) with an effective date of October 16, 2023, and can be viewed within Avino’s latest technical report dated February 5, 2024 for the Pre-feasibility Study and references to Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements, referred to herein as “forward-looking statements” are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut-off grade; (ii) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal recovered and recovery rates; (iv) estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and (v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.

    Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources

    All reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards. The U.S. Securities and Exchange Commission (“SEC”) now recognizes estimates of “measured mineral resources,” “indicated mineral resources” and “inferred mineral resources” and uses new definitions of “proven mineral reserves” and “probable mineral reserves” that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any “measured mineral resources,” “indicated mineral resources,” “inferred mineral resources”, “proven mineral reserves”, or “probable mineral reserves” that the Issuer reports are or will be economically or legally mineable. Further, “inferred mineral resources” are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

    Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

    Footnotes:

    1. In Q4 2025, AgEq was calculated using metal prices of $54.83 per oz Ag, $4,146 per oz Au and $5.04 per lb Cu. In Q4 2024, AgEq was calculated using metals prices of $31.34 oz Ag, $2,662 oz Au and $4.17 lb Cu. For YTD 2025, AgEq was calculated using metal prices of $39.94 per oz Ag, $3,436 per oz Au and $4.51 per lb Cu. For YTD 2024, AgEq was calculated using metal prices of $28.24 oz Ag, $2,387 oz Au and $4.15 lb Cu. Calculated figures may not add up due to rounding.

    2. “Silver equivalent payable ounces sold” for the purposes of cash costs and all-in sustaining costs consists of the sum of payable silver ounces, gold ounces and copper tonnes sold, before penalties, treatment charges, and refining charges, multiplied by the ratio of the average spot gold and copper prices to the average spot silver price for the corresponding period.

    3. Non-IFRS Accounting Standard measure. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under IFRS and the calculation methods may differ from methods used by other companies with similar reported measures. See Non-IFRS Accounting Standards Measures section in the Company’s most recent MD&A filed on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov for further information and detailed reconciliations.

    SOURCE: Avino Silver & Gold Mines Ltd.

    View the original press release on ACCESS Newswire

  • Luminar Media Group – Fortun Evaluating Institutional Non-Dilutive Credit Facility to Expand Small-Business Funding Platform

    Company Engages Consultant and Enters Underwriting Discussions with Prospective Credit Providers as Part of Strategy to Scale Originations Without Equity Dilution

    MIAMI, FLORIDA / ACCESS Newswire / March 11, 2026 / Luminar Media Group, Inc. (OTCID:LRGR) (“Luminar” or the “Company”), a diversified financial technology holding company focused on revenue-based financing through its Fortun platform today provided a corporate update regarding a financing initiative designed to support the continued expansion of its small-business funding platform.

    The Company announced that it has engaged a consultant with experience in structuring institutional credit facilities and funding lines of credit to assist management in evaluating potential non-dilutive financing structures intended to increase the capital available for the Company’s revenue-based financing and merchant cash advance operations. The consultant’s engagement is structured as a cash-based arrangement consisting of a retainer and potential success fees and does not include any equity compensation.

    The Company is currently seeking to establish a potential multi-million-dollar line of credit and is in discussions with multiple credit institutions regarding the facility. The Company is presently in the underwriting phase with two prospective credit providers, while also holding preliminary discussions with additional institutions. If obtained, the facility would be intended to provide additional capital to fund small-business advances originated through the Company’s platform, enabling the Company to meet growing demand while expanding funding capacity through non-dilutive capital.

    Scaling Through Non-Dilutive Capital and a Repeatable Funding Model

    Management believes that access to a properly structured credit facility could strengthen the Company’s ability to scale originations by increasing the capital available for funding transactions while avoiding equity dilution.

    Because capital deployment is central to the Company’s business model, management believes that expanding access to non-dilutive funding sources could allow the Company to increase the number of businesses it is able to serve while supporting revenue growth generated through its funding portfolio. Credit facilities are commonly used by specialty finance platforms to create a repeatable and scalable funding model in which capital can be deployed into merchant advances, repaid through receivable collections, and redeployed into new originations, allowing the same capital base to support multiple funding cycles over time.

    Strong Demand for Small Business Capital

    Demand for small-business financing in the United States remains significant. According to the Federal Reserve Banks’ 2025 Small Business Credit Survey, 59% of small businesses sought new financing within the prior 12 months, with many seeking capital to support operating expenses or expansion initiatives. That is 6 in every 10 small businesses. The survey also indicates that a substantial share of businesses pursue financing through online and non-bank lenders, highlighting the growing role of alternative financing platforms in meeting small-business capital needs.

    Complementing the Company’s Broader Capital Markets Strategy

    The Company noted that any potential credit facility would be intended to complement its existing funding strategy by adding a non-dilutive source of capital at the operating level. Management also noted that the Company’s operating model is designed so that financing costs associated with such facilities, if obtained, would typically be serviced through cash flows generated from the additional small-business advances funded through the facility itself.

    This initiative does not alter the Company’s previously communicated strategic objectives, including its broader capital markets initiatives. As previously disclosed, the Company continues to work through the review process with the U.S. Securities and Exchange Commission in connection with its confidential draft registration statement, which was submitted as part of the Company’s broader capital markets strategy.

    Management Commentary

    “Because capital is the core product in our funding business, expanding access to efficient non-dilutive credit sources could significantly enhance our ability to scale our platform while preserving our equity structure,” said **Juan M. Sese, Chief Financial Officer of Luminar Media Group. “We believe this type of financing, if secured on acceptable terms, could allow us to increase originations and serve more small businesses while remaining aligned with our long-term growth strategy.”

    The Company cautioned that there can be no assurance that any proposed credit facility will be finalized, that financing will be available on terms acceptable to the company, or that any such facility, if obtained, will achieve the anticipated operational benefits described. The Company intends to keep the market informed should a term sheet be executed or a financing facility be finalized.

    About Luminar Media Group, Inc.

    Luminar Media Group, Inc. (OTC:LRGR), through its subsidiaries operating under the Fortun brand (FortunCo, LLC; Fortun Advance, LLC; Fortun Funding, LLC; Fortun Online, LLC and affiliates), provides revenue-based financing solutions primarily to small and medium-sized businesses across the United States. The Company’s mission is to empower underserved entrepreneurs – particularly within Latino and minority business communities – by offering accessible, transparent, and data-driven capital alternatives. Fortun’s technology-enabled platform evaluates ACH activity, sales data, and other financial indicators to deliver rapid funding decisions and support sustainable growth.

    For more information: www.fortunco.com

    CONTACT:
    Hayden IR
    James Carbonara
    (646) 755-7412
    james@haydenir.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the Company’s current expectations regarding future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, among others, regulatory processing timelines, market conditions, and the Company’s ability to execute its strategic initiatives. The Company undertakes no obligation to update forward-looking statements except as required by law.

    This press release is being issued pursuant to Rule 135 under the Securities Act of 1933, as amended (the “Securities Act”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offers, solicitations of offers, or sales of securities will be made only by means of a prospectus meeting the requirements of the Securities Act.

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by terminology such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements regarding the Company’s expectations regarding the SEC review of the draft registration statement and any future steps related thereto, including the timing of any potential public filing.

    These forward-looking statements are based on current expectations and assumptions that involve risks and uncertainties, including, among others, that the SEC review process will proceed as expected; that the Company will be able to address any SEC comments in a timely manner; and that the Company will be able to maintain sufficient liquidity and operational flexibility during the SEC review process. There can be no assurance that these assumptions will prove accurate.

    SOURCE: Luminar Media Group, Inc.

    View the original press release on ACCESS Newswire

  • Clockwork.io Introduces A New Class of Fault Tolerance to End Failure-Driven GPU Waste in AI Training

    New TorchPass solution addresses a multi-million dollar challenge with AI infrastructure; uses Live GPU Migration to keep large-scale AI training running through hardware failures instead of forcing costly restarts

    PALO ALTO, CA / ACCESS Newswire / March 11, 2026 / Clockwork.io, the leader in Software-Driven AI Fabrics– a programmable, vendor-neutral software layer that optimizes large-scale GPU clusters for real-time observability, fault tolerance, and deterministic performance-today announced the general availability of TorchPass Workload Fault Tolerance. This new class of software-driven fault-tolerance eliminates one of the most costly failure modes in large-scale AI training: catastrophic job restarts caused by infrastructure faults.

    Delivered as a core capability of the Clockwork.io FleetIQ platform, TorchPass applies the principles of Software-Driven AI Fabrics to distributed training, using Live GPU Migration to allow workloads to continue running through GPU failures, network disruptions, driver bugs, and even full node crashes-without checkpoint restarts or lost progress.

    “Companies are investing billions in next-gen chips, yet the costs of running distributed AI jobs remains grossly inflated because the ecosystem has accepted failure as a constant,” said Suresh Vasudevan, CEO of Clockwork.io. “We built TorchPass to fundamentally reject that premise. Instead of treating failure as inevitable and restarting after the fact, TorchPass makes infrastructure faults invisible to the workload-training continues through failures transparently, in software. For a typical 2,048-GPU deployment, that translates into over $6 million a year in recovered compute. This is what our Software-Driven AI Fabric approach was designed to deliver: fault-tolerant AI infrastructure.”

    Dylan Patel, Founder and CEO of SemiAnalysis agreed that large-scale training jobs are limited by interruptions.

    “As Blackwell clusters roll out with an NVL72 domain, and we look to the future with Rubin Ultra’s NVL576 domain, the idea that a single GPU error or network link flap can take down an entire run is totally unacceptable,” said Patel. “TorchPass solves a huge challenge with cluster reliability: it provides transparent failover and live workload migration that keeps MFU high, which in turn drives better GPU economics.”

    Why AI Training Fails at Scale

    Distributed AI training remains one of the most failure-prone workloads in modern infrastructure. As cluster sizes grow, fragility increases sharply. Research from Meta FAIR shows that mean time to failure drops to 7.9 hours in a 1,024-GPU cluster and to just 1.8 hours at 16,384 GPUs. This means that for most large, AI-focused enterprises or AI clouds, failure-driven restarts are completely inevitable – making this a major barrier to scaling AI’s impact.

    Each failure forces training jobs to roll back to the most recent checkpoint, discarding minutes or hours of completed work and wasting additional time on manual intervention, reprovisioning resources and restarting training. These restarts silently cap GPU utilization, making reliability one of the largest hidden costs in AI infrastructure.

    TorchPass addresses this problem by proactively addressing costly AI workload failures, solving them before the job stops or needs to restart. Vital for enterprises running large AI workloads and AI clouds alike, TorchPass dramatically improves the reliability of workloads and cluster utilization. For AI clouds, who can now address impacted GPUs while preserving the training run as planned, this translates into better customer SLAs and overall AI cloud economics, improving their ability to protect margin and deliver new models sooner.

    “Managing compute output across large-scale GPU clusters is vital to ensuring we’re delivering reliable capacity to our customers. By using TorchPass we have the support of a company that focuses on resilience like it is a core business function: it replaces any specific failing GPU and keeps the rest of the job moving, rather than making one small problem impact our large-scale operations,” said David Power, CTO of Nscale. “In our evaluation, Live GPU Migration preserved both run continuity and throughput under real fault conditions, which is exactly what you need to deliver predictable time-to-train and a better customer experience at scale.”

    How Live GPU Migration Works: Reliability Without Restart

    TorchPass performs transparent, in-flight migration of impacted training ranks to spare resources when failures occur. TorchPass typically completes recovery in approximately three minutes while the training process continues uninterrupted.

    It supports resilience across three failure scenarios:

    • Unplanned migration, handling sudden events such as kernel crashes, power failures, or GPU faults by reconstructing state from healthy replicas

    • Pre-emptive migration, triggered by early warning signals such as rising temperatures or ECC memory errors, enabling controlled migration before a hard failure

    • Planned migration, enabling maintenance, patching, and workload rebalancing without interrupting training

    This approach reduces wasted training progress by 95%, cutting lost time from approximately three hours per day to under ten minutes in a 1,024-GPU cluster.

    Jordan Nanos, Member of Technical Staff and lead author of ClusterMAX-SemiAnalysis’ independent benchmark for large-scale AI training-stress tested Clockwork.io TorchPass and found it delivered leading performance and efficiency for large-scale distributed training, enabling users to reduce checkpointing overhead in training. He shared the following results:

    “In our testing, Clockwork.io TorchPass delivered the fastest and most efficient fault-tolerant performance for a gpt-oss-120B training run. We used TorchTitan on a Kubernetes cluster with 64x H200 GPUs. During our testing we measured job completion time (JCT) and Model FLOPs Utilization (MFU) against a standard approach (checkpoint-restart) and the leading open-source fault-tolerant training framework (TorchFT). We simulated multiple hardware failures on the cluster in order to stress test the fault-tolerant training frameworks.

    When compared to checkpoint-restart, TorchPass was significantly faster to recover from failures. This reduced overall JCT and maintained high MFU. And when compared to TorchFT, TorchPass had a significantly higher MFU. This reduced overall JCT while also maintaining an equal time to recover from failures.

    Using TorchPass also has a downstream effect where it provides users with an opportunity to reduce or even remove checkpointing from their training code. This means larger effective batch sizes, lower risk of out of memory errors (OOMs), and less time spent thinking about storage. For a research organization, this can ultimately mean a faster time to reach their training objective,” concluded Nanos.

    Measurable Business Impact from Software-Driven Fault-Tolerance

    For customers operating large AI clusters, the impact is immediate and measurable. In a typical 2,048-GPU H200 deployment, TorchPass Workload Fault Tolerance delivers over $6 million in annual savings by preventing wasted compute.

    These savings come from eliminating hundreds of thousands of GPU-hours that would otherwise be lost to failure-driven restarts, cascading retries, and idle recovery time. By keeping training jobs running through infrastructure faults instead of restarting them, TorchPass converts lost GPU time into productive training, significantly improving the return on GPU investments that today often operate at just 30-50% of theoretical performance.

    Enabling the Next Generation of AI Infrastructure

    By making reliability a software-defined capability rather than a hardware constraint, TorchPass provides the operational confidence required to deploy next-generation, tightly coupled systems such as NVIDIA GB200 and GB300 NVL72 and future rack-scale systems, where dense architectures amplify the cost of even small failures.

    TorchPass builds on Clockwork.io’s prior release of Network Fault Tolerance, which applies the same Software-Driven AI Fabric principles to network resilience by transparently rerouting traffic around link failures.

    Together, these capabilities form Clockwork.io’s Software-Driven AI Fabric, a vendor-neutral software layer spanning network, compute, and storage. As modern AI workloads run on tightly coupled clusters where hundreds or thousands of processors must operate in coordinated lockstep, infrastructure behaves as a single system, where reliability and performance directly determine overall efficiency. By managing this complexity in software, Clockwork.io enables operators to run heterogeneous AI infrastructure as a unified platform-maintaining high utilization, predictable performance, and resilience while preserving the flexibility to evolve hardware and improve the economics of large-scale AI deployments.

    To learn more about the launch of TorchPass, visit the Clockwork.io team in-person at NVIDIA GTC from March 16-19, Booth #205, or visit https://clockwork.io.

    About Clockwork.io
    Clockwork.io pioneers Software-Driven AI Fabrics™, delivering a programmable software layer that makes large-scale AI clusters observable, deterministic, and resilient by design to drive continuous workload progress and peak cluster utilization. Its FleetIQ platform enables enterprises to train, deploy, and serve the world’s most demanding AI workloads faster, more reliably, and at lower cost. Companies including Uber, Wells Fargo, DCAI, Nebius, Nscale, and White Fiber trust Clockwork.io to power their AI infrastructure. Learn more at www.clockwork.io.

    Media Contact
    Dana Trismen
    clockwork@unshakablemarketinggroup.com
    650-269-7478

    SOURCE: Clockwork

    View the original press release on ACCESS Newswire