Royal Gold, Inc. (TSX:RGL) announced it is acquiring the gold streaming company Sandstorm Gold Ltd (TSX:SAND) in an all-stock transaction valued at approximately $3.5 billion.
Under the deal terms, Royal Gold will issue 0.0625 shares of Royal Gold for each Sandstorm share, representing a 21% premium based on Sandstorm’s 20-day volume-weighted average price.
CoreWeave (NASDAQ:CRWV), an AI hyperscaler, announced that it will acquire data center infrastructure provider Core Scientific (NASDAQ:CORZ) in an all-stock deal valued at approximately $9 billion.
Shares of both companies fell on the announcement, with CoreWeave down 2.3% at $161 and Core Scientific down 15.9% at $15.
Apogee Therapeutics (NASDAQ:APGE) released positive Phase 2 APEX trial results for APG777, its anti-IL-13 antibody for moderate-to-severe atopic dermatitis.
The trial met its primary endpoint with a 71% reduction in Eczema Area Severity Index (EASI) score at Week 16, versus 33.8% for placebo.
Geo Group (NYSE:GEO) and CoreCivic (NYSE:CXW) shares moved higher on Monday after Congress passed Donald Trump’s tax and spending bill, which increases funding for immigrant detention.
The legislation, known as the “Big, Beautiful Bill,” will triple federal spending on immigrant detection, allocating $45 billion over the next four years.
Bit Digital Inc (NASDAQ:BTBT) announced that it has completed the transition of its corporate treasury strategy to Ethereum (ETH), positioning the company among the largest public holders of ETH globally.
Shares of Bit Digital were up over 24% on Monday morning in New York at US$3.69.
First Phosphate Corp. (CSE:PHOS, OTCQB:FRSPF) announced that it has successfully produced commercial-grade lithium iron phosphate (LFP) 18650 format battery cells using critical minerals sourced entirely from North America.
This development marks a step forward in First Phosphate's efforts to establish a localized LFP battery supply chain within the continent, the company said on Monday.
Capgemini (OTCMKTS:CGEMY), a French technology firm, has annoucned it will acquire WNS Holdings (NYSE:WNS) for $3.3 billion in cash.
Capgemini will pay $76.50 per WNS share, reflecting a 17% premium over WNS’s July 3 closing price and 28% over the 90-day average share price.
Mining stocks slipped on Monday, with Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF), Glencore PLC (LSE:GLEN) and Fresnillo PLC (LSE:FRES) all underperforming, pulling the FTSE 350 Mining index down by 1%.
Industrial metals extended losses on the London Metal Exchange, led by copper fell 0.6% and aluminium.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) shares traded higher in Monday morning's deals after it reported positive soil gas geochemistry results at the HY-Range project (RSEL 802) in South Australia.
Hydrogen readings exceeding 1,000 ppm and peaking at 3,000 ppm, and helium values up to 27 ppm, the company told investors.
Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) shares moved up on Monday after it announced the first production runs from its commercial-scale Hydrogen Processing of Magnet Scrap (HPMS) vessel at its Tyseley Energy Park recycling plant in Birmingham.
The operation, developed with the University of Birmingham and commercial partner HyProMag, will initially supply high-grade NdFeB alloy powder for third-party processing and aims to deliver 0.5 tonnes per month of recycled product by the end of July, rising to at least 2 tonnes per month by December 2025.