They provided risk projections for managers to choose, the chosen 20% TAC reduction yields 0% probability of overfishing
Under the 2020 ERP definitions, Atlantic menhaden are not overfished and overfishing is not occurring. For 2023, fecundity is on the order of 1.2 quadrillion eggs (above the ERP fecundity threshold but below the target) and fishing mortality is about 0.26 (above the ERP F-target but still below the ERP F-threshold). The overview also makes clear there is no single "right" ERP; selecting ERP targets and thresholds is a management choice that balances objectives for menhaden and their predators.
The 2025 single-species update applied a lower estimate of natural mortality (M). That change lowers the back-calculated biomass, fecundity, and recruitment across the time series and raises the corresponding fishing mortality (F) estimates, even though the underlying population did not suddenly decline. Because of the revised M, the 2025 assessment's long-term average biomass is about a third lower than the 2022 update's average; this reflects an improved understanding of the stock rather than a real-time drop in the stock itself.
The 2025 update shows that the biomass of age-1+ menhaden is just below its 20-year average but has been trending up since 2021.
Adult abundance in 2023 was 14.8 billion age-1+ fish, above the average of the past 20 years.
Recruitment in 2023 was 44.5 billion age-0 fish, above the average of the past 20 years.
Highlights
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars. IBC is reporting the performance of "continuing operations" at its Copper Alloy division, "discontinued operations" at its Massachusetts facility, and a combination of continuing and discontinued operations.1
The operating loss from continuing operations in the quarter improved from $226,000 to $67,000.
On a consolidated basis, Adjusted EBITDA for the quarter of ($55,000) compared favorably to adjusted EBITDA1 of ($449,000) in the prior year quarter. IBC recorded a loss of $702,000, which compared favorably to a loss in the prior-year quarter of $1.2 million.
Sales of $4.2 million for the quarter ended September 30, 2025 declined by 14.8% year-over-year (YOY).
News Release Highlights:
Forte Group has entered into an exclusive TikTok Shop and next-generation interactive commerce distribution agreement with authorized TikTok Shop Partner MetaStars, marking a significant milestone in the Company's U.S. expansion strategy and strengthening its presence within one of the fastest growing creator-commerce ecosystems in the world.
The partnership introduces VANTA BlackPowder, the Company's premium longevity focused nutraceutical, into the MetaStars TikTok Shop storefront, supported by a fully integrated creator-commerce engine that includes influencer activations, live shopping, metaverse storefronts, and gaming and esports-aligned digital marketplaces.
The launch of VANTA BlackPowder on Black Friday represents Phase One of a coordinated U.S. commercial rollout of the VANTA ecommerce platform, with Phase Two set to expand distribution through the Company's own direct-to-consumer site featuring BlackPowder and an expanded portfolio of VANTA's longevity driven nutraceutical products, positioning the brand for sustained growth across digital wellness channels.
News Release Highlights:
Battery X Recycling Technologies Inc., a wholly-owned subsidiary of Battery X Metals Inc., has entered into a new Collaborative Research Agreement with a Global Top 20 University to advance and expand the development of its proprietary froth-flotation process for the recovery of high-purity graphite, oxides, and phosphates from end-of-life lithium-ion batteries.
The collaboration builds on prior laboratory success in which the Global Top 20 University identified a new solvent that, when combined with a two-stage re-flotation process, significantly improved material separation efficiency-achieving graphite recoveries above 98% and oxide purities up to 96% under mild, environmentally responsible conditions.
The new Agreement will focus on refining graphite grade and oxide purity, expanding the process to include lithium-iron-phosphate (LFP) black-mass chemistries, and advancing the data and methodologies required to support the future transition from laboratory development to pilot-scale validation and eventual commercialization.
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