ReNew Energy Global Plc shares climbed 20% to $5.28 on Friday following a Bloomberg report that the Canada Pension Plan Investment Board (CPPIB) is exploring taking the Nasdaq-listed, Gurugram, India-based power producer private.
CPPIB bought $268 million worth of ReNew shares from Goldman Sachs (NYSE:GS) Group earlier this month, giving the pension plan a 51.6% equity interest, according to the Business Standard newspaper.
Two hundred times stronger than steel and a better conductor of heat and electricity than copper, graphene is set to transform industries from concrete to plastics, and even battery materials.
Dubbed the “wonder material” due to its ability to make products stronger, smaller, and lighter, graphene is a thin, single layer of graphite.
With the recent significant land expansion at Crestview Exploration Inc's (CSE:CRS) Tuscarora complex, the company acclaims it holds a “golden (and silver) opportunity” in prolific northern Nevada.
The Tuscarora Complex comprises three properties brought to close proximity with recent claim-staking, for a total of 260 claims spanning almost 5,000 acres situated in the Tuscarora Mountains of Elko County, near the historic Tuscarora mining town and north of the prominent Carlin Trend.
Information Services Corporation (TSX:ISV) has been named on The Globe and Mail’s Report on Business magazine 2023 Women Lead Here list for the fourth consecutive year, the company announced.
ISC has appeared on the Women Lead Here each year list since it was launched in 2020. Report on Business uses proprietary research methodology to determine which Canadian corporations make tangible, systemic, organizational progress related to executive gender parity in Canada.
Silicon chips are a good guide to global economic health owing to their ubiquity – they are everywhere, from smartphones to laptops, cars to industrial robots, and servers to smart meters.
And global sales of silicon chips are expected to top $600 billion in 2023 to set a second consecutive all-time high, analysts at AJ Bell highlighted in a client note.
BRP Inc is an attractive stock for analysts at Stifel GMP after the company’s fiscal fourth quarter results surpassed expectations.
Stifel reiterated its ‘Buy’ rating for the Quebec-based powersports vehicle producer and upped its price target to $150 from $140 in a note published Tuesday.
Boeing’s first mission carrying astronauts to space aboard its Starliner capsule has been delayed until at least the summer, a NASA official said.
Previously slated for late April, the Starliner mission was delayed “as teams reassess readiness and complete verification work,” NASA space operations chief Kathy Leuders announced in a tweet on March 23.
Tesla remains the top electric vehicle (EV) brand in 2023 according to UBS Evidence Lab’s EV annual consumer survey.
UBS said Tesla kept its lead in the survey with 42% of battery EV purchase intenders considering a Tesla.
Ford Motor Company (NYSE:F)’s bid to improve transparency around its financial performance and confirmation of its 2023 guidance are no grounds to change estimates for the car manufacturer, according to analysts at Jefferies.
Ford on Thursday unveiled its intention to report financial results by group (Ford Blue, Ford Model e, and Ford Pro), instead of by geographic regions.
The price of gold is set to reach US$2,050 per ounce by the year-end and $2,100 per ounce by March 2024, analysts at UBS have forecast.
“We have always viewed gold as a hedge in a portfolio context, and during recent market turbulence, gold’s safe haven qualities have shined through again,” the analysts wrote in a note to clients.
Investors are stretching at the starting line waiting for athleisure brand Lululemon to report earnings after the market closes on Tuesday.
Analysts on average expect the company to report revenue of $2.7 billion and earnings of $4.26 per share for the quarter ended January 31. On earnings, Lululemon has beaten expectations for at least the past four consecutive quarters.
Beyonce and Adidas are breaking up after a multiyear partnership centered around her athleisure brand Ivy Park failed to live up to expectations.
The two parties came together in 2018 to relaunch the brand, but creative differences and disappointing sales led to the mutual decision to move on, according to reports.
Citizens Financial Group (NYSE:CFG) Inc is preparing a bid to acquire the private banking arm of the collapsed Silicon Valley bank, according to a report from Reuters.
The Federal Deposit Insurance Corporation (FDIC) has set a deadline for Friday for bid offers to buy SVB Private and the large regional bank is among those expected to throw their hat in the ring, according to sources familiar with the matter.
First Phosphate Corp (CSE:PHOS) announced that it has obtained additional drill results from its Bégin-Lamarche property in the Saguenay-Lac-St-Jean region of Quebec, Canada.
Following results reported earlier in March, the mineral development company noted that full drill results to date indicate the presence of four large phosphate layers ranging from 60 meters (m) to 83m in thickness and at least 300m in length. Grades vary from 5.0% to 10.6% P2O5 (phosphate), it added.
The UK’s competition regulator no longer believes that the proposed $68.7bln takeover by Microsoft Corporation (NASDAQ:MSFT) of Activision Blizzard will harm the country’s console gaming market.
In a statement, the Competition & Markets Authority (CMA) said it has reached the provisional conclusion that “overall, the transaction will not result in a substantial lessening of competition in relation to console gaming in the UK”.
Recruiter.com Group, Inc (NASDAQ:RCRT) told investors it has teamed up with Job Mobz, a renowned recruitment process outsourcing (RPO) company, to deliver enterprise OnDemand solutions and services.
Selected as an RPO leader for 2022 by HRO, Recruiter.com noted that Job Mobz has a proven track record of delivering powerful and creative solutions that strategically meet clients' ever-changing needs.
Analysts at Wedbush Securities have reiterated their ‘Neutral’ rating and $70 price target for Block after the payments app’s stock came under pressure on Thursday amid fraud allegations by short-seller Hindenburg Research.
Shares of Square's parent company Block closed down 14.8% on Thursday and fell another 3% to US60.10 shortly after the opening bell in New York on Friday.
If the Swiss National Bank’s plan when it forced Credit Suisse to merge with UBS was to spark a full-blown global bank crisis, it’s hard to argue that it’s not done a good job.
European and US bank shares were tanking today, with experts laying blame fairly and squarely on the deal by the SNB to rescue Credit Suisse.
Altria Group, Inc (NYSE:MO), maker of Marlboro cigarettes, may expand its offering to include non-nicotine products including cannabis, according to a report in the Wall Street Journal.
At an investor day on Thursday, the tobacco giant told investors that its 2028 investor goals include aspirations to compete beyond the US nicotine space.
European banking shares extended their falls on Friday with Deutsche Bank falling over 13% on the German Xerta exchange, as efforts by policymakers to reassure investors over the health of the sector failed to calm nerves in the wake of a string of failures on both sides of the Atlantic.
In New York, Deutsche Bank shares were down more than 7% in premarket trading.
Biocept Inc (NASDAQ:BIOC), a provider of molecular diagnostic assays, products and services, revealed that the first patient with leptomeningeal metastases has been enrolled in the FORESEE clinical trial with the company’s proprietary cerebrospinal fluid assay CNSide (NCT05414123).
In a nutshell, leptomeningeal metastases, or LM, is cancer in your cerebrospinal fluid and membranes that surround your brain and spinal cord (the leptomeninges).
All but very few European exchange-traded funds (ETFs) with top ratings for environmental, social and governance (ESG) face having the removed from April, as benchmark provider MSCI looks to tighten its criteria amid wider financial industry concerns about greenwashing.
The number of European ETFs with an 'A' rating for ESG will reduce from 1,120 to just 54, according to an update from iShares, the passive funds arm of US fund giant BlackRock Inc (NYSE:BLK).
Block co-founder Jack Dorsey’s net worth has tumbled by more than half a billion dollars after short-seller Hindenburg Research accused the payments app of misleading investors with “inflated metrics.”
Dorsey, who also founded Twitter, saw his net worth tumble by $526mln or 11% to $4.4bln, according to Bloomberg’s Billionaires Index.
The decision to wipe out Credit Suisse's US$17bn Additional Tier 1 (AT1) bonds as part of its takeover by rival USB will have "profound" implications for global bank regulations, Standard Chartered chief Bill Winters told a financial forum in Hong Kong on Friday.
Winters questioned the process by which regulators assess the financial health of financial institutions, noting that the banks at the centre of the recent market turmoil – Silvergate, Silicon Valley Bank and Credit Suisse – “would appear to have been solvent”, if not liquid.
KULR Technology Group Inc (NYSE:KULR) has reported record fourth-quarter and full-year 2022 financial results, due to the early success in the company’s energy storage and battery transportation and recycling sectors.
The energy management platform told investors it grew full-year revenue by 66% to $4 million as it continues to build its relationships with a wide range of energy, transport and aerospace partners, billing 36 customers during the year ended December 31, 2022.
GSK PLC (LSE:GSK, NYSE:GSK) shares fell 3.6% after it said it "respectfully disagrees" with a ruling by a California state court in litigation related to claims that the company's former heartburn drug, Zantac, caused cancer.
Yesterday's ruling was made in a ‘Sargon’ hearing, a state-specific legal decision on the admissibility of expert opinion, where the ruling related to whether California resident James Goetz's experts can testify at trial as part of the claim he has brought.
Planet 13 Holdings Inc (CSE:PLTH, OTCQX:PLNHF) has announced its financial results for the three-month and twelve-month periods ended December 31, 2022, showing a healthy balance sheet with cash of $52.4 million and strong growth in wholesale revenue.
"Over the course of the year we saw state-wide pricing trends and the overall economic environment impact our revenue. Despite this backdrop, we continued to meet our goal of 8-10% of Nevada retail sales. For the full year we had 9% of the sales in Nevada. Towards the end of Q4 we saw those pricing compression trends start to stabilize and we remain optimistic about the outlook for 2023," said Larry Scheffler, co-CEO of Planet 13 in the results statement.
Cathie Wood’s ARK Invest asset-management group took the opportunity to load up on Coinbase Global Inc (NASDAQ:COIN) shares after the Nasdaq-listed cryptocurrency exchange plummeted as much as 26% on Thursday.
Around US$18mln (£14.7mln) worth of shares were added across the ARK Innovation (ARKK) and ARK Next Generation Internet (ARKW) exchange traded funds.
Crypto fugitive and Terraform Labs founder Do Kwon has been arrested in the small Balkan nation of Montenegro, Interpol has confirmed.
Interpol’s national central bureau in Seoul, South Korea, told CNN on Friday that his identity was confirmed through a fingerprint match.
Bitcoin (BTC) is showing signs of consolidation following the recent two-week bull frenzy.
The benchmark cryptocurrency’s extraordinary performance – roughly 40% higher in the past 14 days amid a large-scale rush to safe-haven assets – appears to be tapering off in the upper 20k region, having closed close to US$28,000 for the past five days.
Westmount Energy Limited (AIM:WTE, OTCQB:WMELF) told investors in its interim results statement that it is well capitalised with a minimal cost base and investment exposure to the next round of high impact drilling opportunities offshore Guyana.
It highlighted that Guyana's economic transformation, driven by investments by international oil companies such as Exxon, has continued apace and it is now a significant oil producing nation.
Ceres Power Holdings PLC (AIM:CWR, OTC:CPWHF) ended 2022 on a solid financial footing with cash and short-term investments of £182.3mln.
The clean energy company said its first 100kW solid oxide electrolyser (SOEC) module is on test ahead of scaling into a 1MW demonstrator.
San Leon Energy PLC (AIM:SLE, AQSE:SLE, OTC:SLGYF) said it expects to complete its planned refinancing in the near term and the recent legal challenge in Nigeria to be resolved shortly.
Talks on the refinancing, first announced in December, have made slower progress than anticipated with the partner and a second potential lender, but the company said it is now “in final discussions and expects to complete the refinancing in the near term”.
Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF) has said it is finalising discussions to place up to US$80mln in corporate copper bonds.
The AIM-quoted base and precious metals company said the payment on the bonds, which was first announced last June, has been amended to the larger of between the copper price coupon or an interest rate coupon.
Destiny Pharma PLC (AIM:DEST, OTC:DTTYF), a biotech company, has published research about their new nasal gel called XF-73 in the US journal, Infection Control & Hospital Epidemiology.
The study shows that this gel greatly reduces a type of bacteria called Staphylococcus aureus (S. aureus) in patients' noses before heart surgery. This bacteria can cause infections after surgery.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has announced plans to raise approximately £8.1mln (US$10mln) through the placing of new common shares at a price of 1,115p per share as part of an accelerated bookbuilding process being conducted in the UK and South Africa.
The proposed fundraising, at a 3% weighted discount against the trailing 30 days, will allow Caledonia to undertake new exploration activities and expand its existing gold mining operations in Zimbabwe.
Cyprium Metals Ltd (ASX:CYM, OTC:CYPMF) has entered into a $6 million secured loan deed for the restart of its Nifty Copper Project in the Pilbara region of Western Australia.
The proceeds from the loan deed will be used for the upcoming interest payment on the company’s existing unsecured $36 million convertible notes and for working capital purposes while it undertakes a strategic review of all assets in the company.
Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) has released its first 3D interactive geoscientific model of the flagship Cue Gold Project, which is now available to view on the company’s website.
The release comes ahead of MGV’s highly anticipated Stage 1 Prefeasibility Study (S1 PFS) for Cue which is near completion, with release now expected in just a few weeks in April.
QC Copper and Gold Inc has announced the closing of its previously announced acquisition of 100% of the Opemiska West Project, consisting of 36 mineral claims over 1560 hectares situated in the Levy and Daubree townships in the province of Québec. The company acquired the interest in the Opemiska West Project under a mining property acquisition agreement dated March 3, 2023, between the Company and Windfall Geotek Inc. As consideration for the Interest in the Opemiska West Project, the Company issued a total of 500,000 common shares in the capital of QC Copper to Windfall. The consideration shares are not tradable or transferable by Windfall for 12 months following their issuance. Additionally the Opemiska West Project is subject to an 2% net smelter royalty, with a right to buy back one-half thereof at any time for a price of $1,000,000. In connection with the acquisition the company and Windfall also entered into a services agreement dated March 3, 2023. Under the Services Agreement, Windfall will provide data analysis and artificial intelligence services to identify drilling targets on the Opemiska West Project. As consideration for the services, the company has paid a total of $125,000 to Windfall. No finders fees were be paid in connection with either the acquisition agreement or the service agreement.
Auxico Resources Canada Inc has said it will host a management update call on Friday March 24, 2023, at 9.00am Eastern time. During the call, the company's management will provide information on the launch of its Colombian tin trading operations with joint venture partner Gracor SAS; development of the Brazilian Massangana Tin Tailings project; ongoing monazite sales from the Democratic Republic of the Congo; and review of the recently released financial statements. Auxico's president and chief executive officer Frederick Kozak will discuss the company's key initiatives and expectations for full-year 2023, including prospective revenue streams, and will respond to shareholder questions submitted in advance to the scheduled call. Although the first quarter of 2023 saw challenging capital markets and a recent economic shift, management believes the supply and demand dynamics of the critical minerals market remains robust. The strength of the tin and rare earth segments specifically, combined with current global supply constraints, provides an opportunity to accelerate potential high-return strategic growth opportunities through the trading and sales of these commodities from various jurisdictions. The Company has made great progress in establishing a multi-channel revenue strategy during 2022, and although further project development has been off to a slightly delayed start, and the advancement of its commodity trading operations intermittent, this year aims to prove that the Company can create sustainable growth and significant shareholder value," said Kozak. Participants can join the call via the Zoom platform, by video conferencing and by dial-in. Click the following link to join the video call:
https://us02web.zoom.us/j/86569852228?pwd=ZUZ0RVh0SHB2RDVDU3Q4ZlpNeUp0Zz09; Passcode: 507156; Or to join via telephone dial: US:+1 312 626 6799; Canada: +1 438 809 7799; United Kingdom: +44 203 481 5237; Webinar ID 865 6985 2228; Passcode 507156. If shareholders would like any specific items addressed during the call, they should email questions in advance to: ta@auxicoresources.com.
Electra Battery Materials Corporation has said it release its fourth quarter 2022 financial results after the market close on March 31, 2023. Senior management will host a conference call and webcast on April 3, 2023 at 10.00am ET to review Electra’s fourth quarter performance and discuss near-term outlook. Dial-in and Webcast details are: North American dial-in number 1-800-319-4610; International dial-in number 1-604-638-5340; Webcast and slide presentation https://ElectraBMC.com/category/events/
OTC Markets Group Inc, the operator of regulated markets for trading 12,000 US and international securities, has announced that MCF Energy Ltd, a company engaged in the exploration and development of natural gas resources in Europe, has qualified to trade on the OTCQX Best Market and has today upgraded from the Pink market under the symbol MCFNF. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their US investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
AMPD Ventures Inc said it has laid off seven employees at its AMPD Technologies (Canada) Inc subsidiary, effective March 23, 2023. The layoffs, representing approximately 60% of the Technologies staff, is the beginning of the company's restructuring and focus on significant expense reductions without impeding the company's ability to service its existing clients and grow its business. The company said it is continuing to evaluate each business to effectively cut additional costs while maintaining the opportunity for continued growth. "These layoffs are in no way a reflection of the dedication or commitment to AMPD Technologies from the team members affected and I would like to thank each of them for their contribution made to date," commented newly appointed CEO, James Hursthouse. "AMPD Technologies has a number of deals in its pipeline, and we are ensuring we can close them and still grow organically in light of the cuts being made."
Jushi Holdings Inc said it expects to report its financial results for the fourth quarter and full year ended December 31, 2022, before the market opens on Friday, March 31, 2023. Management will host a conference call and audio webcast on Friday, March 31, 2023, at 8.00am ET to discuss the financial results. Live Call: 1-800-715-9871 (US & Canada Toll-Free); Conference ID 6955959; Webcast registration: https://edge.media-server.com/mmc/p/epodsqgt. For interested individuals unable to join the conference call, a webcast of the call will be available for one year following the conference call and can be accessed via webcast on Jushi’s Investor Relations website: https://ir.jushico.com/financials-and-filings
Versus Systems Inc announced that it will host an investor webinar on Wednesday, March 29, 2023 to provide an update on the company and recent operational highlights. The webinar will begin at 5 PM EDT. Investors will be able to access the event in the investor relations section of the company’s website at https://ir.versussystems.com/. Versus Systems’ executive management team will discuss fourth quarter and full year 2022 developments, key performance indicators, and the company’s strategic growth roadmap. Investors may register for the webinar here. Questions for the Q&A session may be sent in advance to ir@versussystems.com. Updates and further details will be available at www.versussystems.com.
Nextech3D.ai has announced that its CEO Evan Gappelberg will present at the Investor Summit on March 29, 2023, at 11:30AM EDT. This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the company's CEO in real time. Location: https://us06web.zoom.us/webinar/register/WN_LZeCRswXS3prrdPq7_dwQ. Nextech3D.ai invites individual and institutional investors, as well as advisors and analysts, to attend CEO Evan Gappelberg's real-time, interactive presentation, showcasing Nextech3D.ai 's groundbreaking 3D modeling and AR wayfinding technologies. Using breakthrough AI, Nextech3D.ai is able to quickly, easily, and affordably create vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use. The theme is micro-cap companies with a catalyst and/or strong performance in the current market. 1x1s will be available for qualified investors. The conference is completely complimentary to qualified investors. Please register at Complimentary Investor Registration.