HudBay Minerals Inc. (TSX:HBM) shares surged after the miner announced a $600 million strategic investment from Mitsubishi for a 30% joint venture interest in the Copper World project in Arizona.
Announced alongside its Q2 earnings, the deal includes an initial cash investment of $420 million, with $180 million to follow within 18 months.
Cava (NYSE:CAVA) has reported its second quarter earnings, with investors reacting negatively to a miss on same-store sales growth and revenue for the period.
The Mediterranean fast-casual restaurant chain posted same-store sales growth of 2.1%, far below estimates of 6.3%.
CoreWeave (NASDAQ:CRWV) shares tumbled in early trading as the AI cloud-computing startup posted a wider-than-expected loss for the second quarter.
It reported a net loss of $290.5 million, above Street estimates of a loss of $190 million.
Shares in Caledonian Holdings climbed 13% after the AIM-listed investor completed a share swap to increase its holding in financial services firm AlbaCo Limited.
The company acquired 250,000 AlbaCo shares from executive director Jim McColl at £1.00 each, paying in 5.8 billion new Caledonian shares priced at 0.0043125p.