Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has joined forces with global metals powerhouse Gerald Metals SARL to fast-track its Kangankunde Rare Earths Project in Malawi to producer status by the end of next year.
This partnership is two-fold involving the sale of 45,000 tonnes of monazite concentrate from Kangankunde’s Stage 1 development to the trading company headquartered in London and a finance facility of up to US$10 million to the rare earth explorer.
The Jeff Bezos-owned aerospace company Blue Origin is swapping its CEO for an outgoing Amazon.com Inc (NASDAQ:AMZN) executive, according to reports.
Blue Origin CEO Bob Smith plans to retire on December 4, at which point Amazon’s senior vice president of devices and services David Limp will step into the role. In August, Amazon announced that Limp would depart the company later in 2023 after 13 years.
Shares of Thor Industries (NYSE:THO) declined 1% in extended trading despite the company’s fiscal fourth quarter results surpassing expectations on the top and bottom lines, following a 2% gain during the Monday session.
The recreational vehicles producer posted earnings of $1.68 per share, down from $5.15 per share a year earlier and topping Street expectations of $0.96 per share. Revenue was $2.74 billion, a decrease of 28% from the year-ago quarter and above expectations of $2.42 billion.
Analysts at UBS believe Chef’s Warehouse could fetch US$37 per share and have awarded it a ‘Buy’ rating in their initial coverage of the stock.
Shares of the restaurant supplier traded at US$23.64 at Monday’s close.
The Securities and Exchange Commission (SEC) has escalated its investigation into Wall Street's use of private messaging applications, collecting thousands of staff messages from over a dozen major investment companies.
As per Reuters, the SEC's heightened scrutiny is aimed at assessing potential breaches of record-keeping rules and ensuring compliance within the financial sector.
Micron Technology, Inc. (NASDAQ:MU) is due to report earnings after the market closes on Wednesday when it is largely expected that the company will post its fifth consecutive revenue decline.
This time around, revenue is expected to plunge roughly 40% year-over-year to $3.91 billion. Micron’s adjusted loss is expected to be $1.18 per share, compared to a profit of $1.35 per share a year earlier.
Analysts at UBS have initiated coverage on Warby Parker with a ‘Neutral’ rating on their view that the eyewear brand has a lot of potential but faces challenges ahead.
The analysts wrote in a note to clients that Warby Parker is poised to benefit from favorable demographic trends, including an ageing population and societal changes such as increased screen time.
Mining is always a bit of risk versus reward game. Winning isn’t just about extracting valuable minerals from the earth, but doing so efficiently, sustainably, and profitably.
Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF), a Vancouver-based mining company with operations in Bolivia and Mexico, is an example of how strategic leadership and a commitment to improvement can drive a mining enterprise forward. Yet despite having steady silver equivalent ounce production since Q3 2022, its shares have struggled to gain momentum over the last year, suggesting that investors are not familiar with the emerging Latin American producer.
3M Co (NYSE:MMM) announced its intention Monday to speed up the removal of PFAS “forever chemicals” from its Zwijndrecht facility in Belgium.
Use of PFAS at the facility has been idled, the company said. Non-PFAS manufacturing is ongoing, but the idling could have a "significant adverse impact" on 3M Belgium's operations, as well as its other businesses that depend on the facility.
GlobalFoundries (GF) said it has submitted two applications to the US Department of Commerce for funding under the US CHIPS and Science Act Funding program.
The semiconductor maker noted in a statement that it is a longstanding partner to the US government and the leading supplier of securely manufactured essential chips for the US aerospace and defense industry.
Shares of cannabis multi-state operators (MSOs) rose on Monday on investor optimism around a key vote on marijuana banking reform this week.
The Senate Committee on Banking, Housing and Urban Affairs is holding a markup session on the bipartisan Secure and Fair Enforcement Regulation (SAFER) Banking Act at 9.30am on Wednesday, September 27.
Alcoa (NYSE:AA), the Pittsburgh-based aluminum producer, has named William Oplinger as its new president and CEO, effective immediately, the company announced.
Oplinger, 56, previously served as an executive vice president and chief operations officer starting in February. He succeeds Roy Harvey, who will transition to the role of strategic advisor to the CEO through 2023, according to a statement.
Honeywell (NYSE:HON) has invested in ESS Tech as part of a strategic collaboration with the energy technology company to advance the development and commercialization of iron flow battery (IFB) energy storage systems.
The company said in a statement that the strategic collaboration brings together Honeywell (NYSE:HON)’s experience in advanced materials and energy systems with ESS’ patented IFB design with the aim of tapping into growing global demand for long-duration energy storage solutions.
EGR Exploration Ltd. (TSX-V:EGR) just may be sitting on the next big goldmine in the Abitibi Greenstone Belt in northern Ontario.
EGR's Detour West property lies about 20 kilometers (km) west of Agnico Eagle Mines Ltd (TSX:AEM)'s Detour Lake gold mine – the largest gold-producing mine in Canada with the country's largest gold reserve at 20.7 million ounces and substantial growth potential.
Appili Therapeutics Inc (TSX-V:APLI) shares rallied after it announced the US Food and Drug Administration (FDA) approved its application for a liquid oral reformulation of the antibiotic metronidazole (ATI-1501).
The company’s shares were up 45% at C$0.08 by noon in Toronto.
Crystal Palace partial owner Eagle Football will not be floating in New York, as the Iconic Sports Acquisition (NYSE:ICNC) company will now be wrapped up and fully redeemed by its investors.
Eagle Football – which owns outright French side Olympique Lyonnais, FC Florida, Rio De Janeiro based Botafogo, and Brussel’s RWD Molenbeek – previously extended a deadline to complete a so-called SPAC deal with Iconic, though that now expires at the end of September 26.
Coherent Corp shares are up Monday following reports that the semiconductor company has drawn investment interest from Japanese firms.
A quartet of Japanese conglomerates has discussed taking a minority stake in Coherent’s silicon carbide business at a valuation of up to $5 billion, according to reports citing sources familiar with the matter.
BANXA Holdings Inc (TSX-V:BNXA, OTCQX:BNXAF) told investors it has made considerable progress in growing its run rate total transaction volume by activating new partnerships with noteworthy partners.
The company noted its integration with Ledger, a global non-custodial wallet, to offer their users on-ramping services as of September 12.
Nano One Materials Corp (TSX:NANO, OTC:NNOMF) shares rallied early Monday on news that Sumitomo Metal Mining Co. (SMM) will make a strategic equity investment in the company of almost C$16.9 million as part of a collaboration agreement.
Shares of the clean technology company added 15% to C$3.03 shortly before midday in Toronto.
Shares of BrainStorm Cell Therapeutics Inc. (NASDAQ:BCLI) fell almost 40% on Monday morning after Food and Drug Administration (FDA) staff reviewers expressed doubts over the safety and efficacy of the biotech’s therapy NurOwn for neurogenerative disease amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease.
Brainstorm’s NurOwn is being reviewed by the FDA’s Cellular, Tissue and Gene Therapies Advisory Committee on September 27.
A German court has ruled that Netflix Inc (NASDAQ:NFLX) has infringed a patent held by Broadcom Corporation (NASDAQ:AVGO), related to high-quality video streaming.
Netflix was told by the German court to cease and desist its use of Broadcom patented technologies.
It's closing in on a year since AI was catapulted into the mainstream through the launch of OpenAI’s ChatGPT, with investors witnessing first-hand the financial gains that can be made through building a stake in some of these trailblazing businesses.
For retail investors, cashing in on the success of chatbots, machine learning and all things AI is nearly impossible.
Lloyds Banking Group PLC (LSE:LLOY), and the UK banking sector were in the spotlight following a report in the Financial Times, that the Bank of England plans to push the implementation date for the final Basel 3 rules back by six months to July 2025.
This is said to be due to the high volume of responses the BoE has received from its initial consultation document, which meant the previously planned implementation date of January 2025 would be difficult to achieve.
Following today’s announcement that Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has kicked off drilling for the Tai-3 well in Tanzania, analysts at SP Angel suggested the group is now “fully funded” to move onto a second exploration well on the Itumbula prospect ahead of the wet season.
Helium One previously suggested that Itumbula drilling would commence immediately after the Tai-C programme, using proceeds from a £6.8 million subscription and retail offer.
The Conservatives are eyeing savings of £30 billion-plus in HS2 by scrapping the northern leg of Britain’s landmark high-speed rail project, according to media speculation.
Prime minister Rishi Sunak has refused to confirm or deny the rumours, stating in floaty terms that "we're absolutely committed to levelling up and spreading opportunity around the country”.
Reabold Resources PLC (AIM:RBD) has built a significant stake in LNEnergy, diversifying and adding another large European "development-ready" gas asset to its portfolio – Colle Santo, onshore Italy - said house broker Cavendish.
“Full development of this resource is envisaged via a leased micro-LNG project, minimising upfront capex and the development’s environmental footprint; an approach that has already received tacit support from the government.
TransCode Therapeutics (NASDAQ:RNAZ) shares took off after it announced positive results from a study of its lead drug candidate TTX-MC138 in mice models bearing human glioblastoma multiforme (GBM) tumors.
Shares of the Boston-based RNA oncology company added 357.8% to US$3.04 in early trade on Monday.
Westmount Energy Limited (AIM:WTE, OTCQB:WMELF) has acknowledged the takeover of the PL001 North Fawklands licence by part-owned JHI Associates Inc from Argos Resources Ltd (LSE:ARG).
Following the latter’s fall into administration, JHI has taken on the 1,126 square-kilometre licence, which sits immediately west of the giant Sea Lion Discovery.
Ondine Biomedical Inc (AIM:OBI) said first-half results were in line with expectations as it looks ahead to a phase three study of Steriwave, its nasal photodisinfection candidate.
A challenging economic backdrop and unfavourable stock markets meant the deferral of 2023 fundraising plans but the Canadian company said it made significant progress nonetheless.
Air Canada (TSX:AC.B) has finalized a substantial order for 30 787-10 Dreamliner aircraft from The Boeing Company (NYSE:BA) as the airline looks to enhance its fleet with modern, fuel-efficient aircraft.
The deal encompasses a firm order for 18 jets, and options for an additional 12, aiming to replace aging wide-body aircraft and bolster the airline's long-haul capabilities.
Morgan Stanley (NYSE:MS) expects the EU biopharma sector to offer a safe haven from weakening growth/higher real yields.
“Whilst we continue to favour growth/innovation narratives in biopharma over the long-term, we expect investors to reward earnings upgrade stories - Novo Nordisk, Novartis, AstraZeneca - in the near-term,” it said.
IQGeo Group PLC (AIM:IQG) has received a raft of upgrades to full-year forecasts from its house broker after what it described as an excellent executive of its land and expand strategy.
Services revenue rose 122% to £8.8 million in the first six months and Cavendish expects this strong growth will drive robust long-term growth in recurring revenue.
AstraZeneca PLC (LSE:AZN)'s assets beyond oncology offer significant upside potential, in the view of investment bank Jefferies.
The broker upgraded the pharmaceuticals giant to 'buy' from 'hold' and increased its price target to 13,000p from 10,500p.
State-owned British Business Bank reported a £147 million loss in the year to March as its investees faced a tough year in the face of a deteriorating global economic outlook.
Though the bank remained upbeat on its long-term outlook, its investments for the year fell in value by £146 million, prompting a deficit after some £619 million in gains a year earlier.
Another week, another premium-priced stock market initial public offering (IPO), though this time it was on the Riyadh stock exchange.
Lumi, a spin-out of travel company Seera, is a car rental company operating in Saudi Arabia and it began trading in Riyadh at a 30% premium – trading up to 85.8 riyals after pricing its IPO at 66 riyals.
Novo Nordisk (NYSE:NVO) has announced a collaboration with Valo Health to discover and develop novel treatments for cardiometabolic using Valo’s artificial intelligence (AI)-powered Opal Computational Platform.
Under the agreement, the two organizations will leverage Opal for access to real-world patient data, AI-enabled small molecule discovery and Biowire human tissue modelling platform designed to speed up the discovery and development process.
C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) has revealed a substantial new find at its Bellas Gate project in Jamaica.
The Canadian firm received assays for the final stretch of drill hole PVT0900-002, which intersected 390.7 meters at 0.37% copper and 0.19 grams per ton (g/t) gold (0.50% CuEq) from a depth of 64.1 meters.
University spinouts have seen a first drop in investment for more than a decade, according to a new report.
Parkwalk, the UK’s largest spinout investor, commissioned a report showing the number of funding deals rising to a record 414 last year, but the value fell by £400 million to £2.3 billion and has tumbled to £743 million in the first half of 2023.
Anterix has authorized a new $250 million three-year share repurchase program, which helped its stock price recover after drifting lower last week.
The wireless broadband provider announced the share repurchase program on Friday, building on its previous program under which about $34 million of Anterix’s stock has been repurchased.
Krispy Kreme Doughnuts Inc (NASDAQ:DNUT) has unveiled a changing of the guard, naming Josh Charlesworth as its new chief executive, effective from the start of next year.
Charlesworth, who joined the doughnut company in 2017, will take the reins from Michael Tattersfield, the departing boss, who is taking a backseat role on the board as senior advisor.
Ford Motor Company (NYSE:F) said that although “significant progress” has been made in some areas, there are still “significant gaps” to close on key economic issues as it works to reach a new labor agreement with auto workers represented by the United Auto Workers (UAW) union.
“In the end, the issues are interconnected and must work within an overall agreement that supports our mutual success,” Ford said in a statement following negotiations over the weekend.
Shares of Biophytis (NASDAQ:BPTS, EPA:ALBPS), a clinical-stage biotechnology firm, soared 41% in premarket trading on Nasdaq following the announcement of a strategic partnership with Skyepharma (LSE:SKP).
The collaboration aims to produce regulatory batches of Sarconeos (BIO101), a therapeutic candidate for severe forms of Covid-19.
Santander has kicked off what is predicted to be a rush of lower mortgage offers after the Bank of England kept interest rates on hold last week.
The Spanish-owned, UK-based bank has cut its 5-year fixed rate to 4.95% for a loan-to-value ratio of 60%, with below 5.5% for a two-year fix.
Molecular Energies PLC (AIM:MEN, OTC:PPCGD) has announced Christopher Raggett as chief executive officer of subsidiary Green House Capital ahead of the latter’s planned listing in London.
Raggett previously served on the executive committee of financial services firm finnCap and was appointed to the board of net-zero energy consultancy Energise Ltd last September.
Nomalisimg demand across the global luxury goods market has left Bank of America analysts backing those with a more affluent customer base.
Including Hermes, Louis Vuitton Moet Hennessy (EPA:MC), Brunello Cucinelli and Zegna, analysts highlighted a preference for brands with a track record of resilience through periods of low growth.
Prospector Metals Corp. (TSX-V:PPP, OTCQX:ETHOF) told investors it has entered a property option agreement with Storm Exploration Inc. under which Storm can earn up to 100% in its Toogood Gold Project in return for staged cash and share payments and by completing up to $3.5 million in exploration expenditures over a three-year period.
The Toogood Project lies at the northeast extent of the Exploits Subzone (Dunnage Zone) of Central Newfoundland and is underlain mostly by the Ordovician Dunnage Melange and the Badger Belt. The claims cover an area of 118 square kilometres (km) and a strike length of over 28 km located on New World Island, approximately 65 km north of Gander, Newfoundland.
Torr Metals (TSX-V:TMET) told investors it has staked the highly prospective Kolos Gold-Copper Project in south-central British Columbia, acquiring what it described as “new strong exploration targets within a highly favorable jurisdiction.”
The company said the project sits within the Quesnel Terrane, a prolific porphyry belt that is host to major deposits and long-lived mines, including the Highland Valley Copper Mine, about 30 km to the northwest.
Cornerstone FS PLC (AIM:CSFS), the FX and payments group, has appointed Henry Hatton as sales director to help drive further growth as the group continues to expand.
Hatton joins from WorldFirst, an international fintech, and part of Ant Group, with over 500 employees across Europe, Asia and Australia, where he was head of sales for five years.
Cornish Lithium has raised £5.1mln through the crowdfunding platform Crowdcube.
The crowdfunding is one of the largest undertaken in the UK this year.
RocketFuel Blockchain Inc (OTCQB:RKFL) told investors it has entered into a strategic partnership with AvecPay, a platform that provides a comprehensive payment and e-commerce solution for merchants in the Latin American region.
CEO Peter Jensen commented in a statement: “RocketFuel works with several partners around the world enabling their merchant to accept Bitcoin and over 150 cryptocurrencies, to do payouts and B2B cross border payments. The growing adoption of cryptocurrencies in Latin America demonstrates the demand for faster, more secure, and cost-effective payment methods.”