Replenish Nutrients Holding Corp (CSE:ERTH, OTC:VVIVF, FRA:7KE) said it has closed a $7.5 million convertible debenture investment from SRC Agrominerals Sales, completing the $15 million strategic investment first announced in July.
Proceeds from the debenture will fund expansion of the company's Beiseker facility, along with working capital, inventory purchases, debt repayment and general corporate purposes.
Deere & Company (NYSE:DE, XETRA:DCO) reported fiscal third-quarter earnings that beat analyst estimates on both revenue and profit, sending shares up more than 7%.
The agricultural and construction equipment maker posted revenue of $11 billion, above estimates of $10.74 billion and up 6% from a year earlier. Earnings per share came in at $5.10, topping expectations of $4.71 and rising 7% year-over-year. Net income reached $1.4 billion, also up 7% and ahead of the $1.27 billion analysts had forecast.
Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) announced that it has closed its previously announced strategic private placement with Evolution Mining Gold Operations, raising approximately C$12 million to fund exploration at its Philadelphia Gold-Silver Project in Arizona.
Evolution, a wholly owned subsidiary of Evolution Mining Limited, acquired about 15.1 million units of Arizona Gold & Silver at C$0.80 per unit. Each unit consists of one common share and one-half of a common share purchase warrant, with each full warrant exercisable at C$1 for three years.
Moderna Inc (NASDAQ:MRNA, XETRA:0QF)'s melanoma trial success is prompting Wall Street to assign new platform value to the company's oncology pipeline, Jefferies said, as investors look beyond its COVID-dependent revenue base.
The Jefferies note said intismeran vipatamotide (mRNA-4157), an individualized neoantigen therapy (INT) combined with Merck's Keytruda, succeeded in the Phase III INTerpath-001 study evaluating patients with Stage IIB-IV melanoma following complete surgical resection.
1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) has reported metallurgical test results showing gold recoveries of 93.7% from a sample at its True North Gold Project and 96.3% from preliminary testing on material from its Ogama-Rockland Gold Project, both located on the company’s Rice Lake property in southeast Manitoba.
At True North, the company tested a 130-kilogram sample from the L10 Zone on Level 16, with a measured head grade of 1.82 grams per tonne gold. The test work produced an average total gold recovery of 93.7%, with 51% recovered through gravity concentration and another 44.5% reporting to the flotation concentrate. Leaching of the reground flotation concentrate averaged 95.5% gold recovery.
Alibaba Group (NYSE:BABA) reported a 75% drop in quarterly profit on Thursday, as heavy investment in artificial intelligence infrastructure squeezed margins at China's e-commerce and cloud giant.
Net income for the June quarter fell to 10.4 billion yuan ($1.5 billion), missing analyst estimates of 26.98 billion yuan. Adjusted earnings per ADS came in at 8.52 yuan, well below the 11.26 yuan expected and down 42% from a year earlier.
Walmart Inc (NYSE:WMT, XETRA:WMT) shares tumbled on Thursday after the retailer posted its slowest US comparable-sales growth in more than six years and issued a third-quarter profit forecast that fell short of Wall Street estimates, raising concerns about the health of the US consumer.
US comparable sales rose 2.6% in the second quarter, missing the 3.7% growth analysts had expected.
Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF, FRA:3ZX1, AIM:SEI) is expanding its footprint in Namibia's Walvis Basin, striking a deal to acquire a 44% interest in Maravilla Oil and Gas for US$6.5 million, a move that hands the company an indirect 35% stake in a prospective offshore license bordering Chevron's operated acreage.
The privately held Namibian company, Maravilla, owns an 80% controlling stake in Paragon Oil and Gas, which holds a 100% operated interest in Petroleum Exploration License 37 (PEL 37), a 17,295-square-kilometre block in the Walvis Basin backed by extensive 3D and 2D seismic coverage and two historical wells.
Potter & Moore (LSE:PAM) stood at 21.87p, down 9%, in morning trading after confirming its first-half revenue will fall below the prior year.
The beauty and well-being brand manufacturer faced a challenging first quarter that directly mirrored wider sector conditions.
Shares in Shield Therapeutics PLC (AIM:STX, OTCQB:SHIEF) rose 11% to 4.89p on Thursday after the pharmaceutical company reported sharply narrower half-year losses and reaffirmed its aim of reaching operating profitability in 2026.
Peel Hunt reiterated its 'buy' rating and 15p price target, describing the first-half results as in line and the business as on track for profitability this year.
Samsung Electronics (KRX:005930, LSE:BC94) Samsung Electronics (KRX:005930, LSE:BC94 shares rose over 9% as investors welcomed expectations of a shareholder-return programme exceeding 100 trillion won, or about $72 billion.
The knock-on impact was to help South Korea’s benchmark Kospi rebound 6.1% after the previous session’s sharp sell-off in technology stocks.