Breaks Categories: News

TuesdayJan 14, 2025 10:23 am

NetworkNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Identifies High-Grade Copper Zone at Kolos Project

Torr Metals Inc. (TSX.V: TMET) has announced the discovery of high-grade copper at its 100%-owned Kolos Copper-Gold Project in British Columbia. A rock grab sample from the newly identified Sonic Zone returned 1.10% copper, marking the first exploration success in the northern portion of the project. Initially revealed during Torr’s 2024 reconnaissance program, the Sonic Zone now spans 12 km² of magmatic-hydrothermal alteration and mineralization, up from an initial 2 km². The site, strategically located near Highway 5 and 32 kilometers from Canada’s Highland Valley copper mine, shows similarities to regional alkalic porphyry systems like New Afton. Torr's CEO Malcolm…

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TuesdayJan 14, 2025 8:45 am

NetworkNewsBreaks – PaxMedica Inc. (PXMD) Secures Patent Approval in China for Autism Treatment

PaxMedica (OTC: PXMD), a clinical-stage biopharmaceutical company focused on neurological disorders, has received a Notification to Grant Patent Right for its Chinese invention patent application (No: 2020800553323). The patent covers compositions and methods for treating cognitive, social, or behavioral disabilities and neurodevelopmental disorders, including autism, using a novel intranasal suramin formulation. CEO Howard Weisman highlighted this as a historic milestone, marking the first intellectual property protection for suramin in over a century. PaxMedica plans to pursue similar protections in additional jurisdictions, including the United States. To view the full press release, visit https://nnw.fm/MC78X About PaxMedica Inc. PaxMedica is a forward-looking,…

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TuesdayJan 14, 2025 7:35 am

NetworkNewsBreaks – Calidi Biotherapeutics Inc. (NYSE American: CLDI) to Present Breakthrough Virotherapy Platform at AACR 2025

Calidi Biotherapeutics (NYSE American: CLDI), a clinical-stage biotechnology company specializing in targeted antitumor virotherapies, announced its abstract, "Development of a Systemic Enveloped Virotherapy for Targeting All Metastatic Sites," has been accepted for presentation at the American Association for Cancer Research ("AACR") Annual Meeting, April 25-30, 2025, in Chicago. The presentation will highlight Calidi’s proprietary RTNova systemic platform, which leverages a novel vaccinia virus strain enveloped with a human cell membrane to overcome immune system elimination, enabling targeted delivery to multiple metastatic tumor sites. This innovative approach aims to address treatment challenges in advanced metastatic cancers, such as lung cancer, where…

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TuesdayJan 14, 2025 7:30 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Refutes NVIDIA CEO’s Quantum Computing Comments on CNBC

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, announced that CEO Dr. Alan Baratz appeared on CNBC’s “The Exchange” on January 8th to address recent comments by NVIDIA CEO Jensen Huang regarding quantum computing’s readiness. Dr. Baratz clarified that D-Wave’s annealing quantum computing systems are already commercially available and solving real-world problems, unlike gate-model quantum computers, which may still face significant development timelines. He highlighted D-Wave’s success in optimization problems, such as materials simulations, and emphasized the company’s work with a multitude of customers that are using D-Wave technology today to solve complex…

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MondayJan 13, 2025 12:47 pm

NetworkNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) Surpasses S&P 500 with Impressive Annual Growth

In 2024, PayPal (NASDAQ: PYPL) saw its shares rise by 39%, marking a significant achievement for the financial technology company. This growth allowed PayPal to outperform the S&P 500, which had a return of 23.3% during the same period. This is the first time in three years that PayPal has surpassed the S&P 500 in annual returns. Despite this impressive annual performance, PayPal’s current stock price is $83.01, reflecting a slight decrease of $0.35, or approximately -0.42%. The stock has traded between $81.79 and $83.43 today, indicating some volatility. Over the past year, PayPal’s stock has reached a high of…

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MondayJan 13, 2025 12:13 pm

NetworkNewsBreaks – Fusion Fuel Green PLC (NASDAQ: HTOO) Secures $1.28M Convertible Notes Placement and $25M Equity Line for Growth

Fusion Fuel Green (NASDAQ: HTOO), a provider of energy engineering and advisory solutions, announced the closing of a $1.28 million senior convertible notes private placement and an agreement for a $25 million equity line of credit with institutional investors. The notes, issued at a 20% original issue discount, mature in July 2026 with an 8% annual interest rate and include warrants offering 100% equity coverage. The equity line of credit allows Fusion Fuel to sell up to $25 million in Class A ordinary shares at its discretion, contingent on SEC registration, market conditions, and regulatory compliance. CEO John-Paul Backwell highlighted…

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MondayJan 13, 2025 11:31 am

NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Expands U.S. Presence with GPS and Domestic Violence Monitoring Contract in Alabama

SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Internet of Things ("IoT"), and cybersecurity sectors, announced it has secured an electronic monitoring ("EM") contract with a Juvenile Probation Agency in Ohio. This marks SuperCom's first project in the state and its sixth new U.S. market entry since summer 2024, as well as its 20th new EM contract during the same period, highlighting its expansion in delivering innovative public safety solutions. The project will utilize SuperCom's PureOne technology, which offers real-time GPS tracking, secure communication, and compliance tools in a discreet, humane design to support rehabilitation and…

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MondayJan 13, 2025 10:50 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Projects Approximately 120% Growth in 2024 Bookings, Secures First Advantage™ System Customer Sale

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”) announced that fiscal 2024 bookings will exceed $23 million, an approximately 120% increase from 2023, and fiscal Q4 bookings reached at least $18 million, an approximately 500% rise from $3 million in Q4 2023 bookings. The company also secured its first customer purchase of a D-Wave Advantage annealing quantum computing system, the world’s largest quantum computer with over 5,000 qubits, marking a significant expansion in its revenue model by including on-premise system sales alongside its Leap™ quantum cloud service. D-Wave ended fiscal 2024 with a record approximately $178 million in cash. To view the…

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MondayJan 13, 2025 7:30 am

NetworkNewsBreaks – Calidi Biotherapeutics Inc. (NYSE American: CLDI) Prices $4.25 Million Public Offering

Calidi Biotherapeutics (NYSE American: CLDI), a clinical-stage biotechnology company focused on targeted immunotherapies, has priced its public offering of 5,000,000 shares of common stock at $0.85 per share, with gross proceeds expected to total approximately $4.25 million before fees and expenses. The offering, exclusively placed by Ladenburg Thalmann & Co. Inc., is set to close on or around Jan. 10, 2025, subject to customary conditions. Proceeds will support working capital and general corporate purposes. The shares are offered under an effective Form S-3 registration statement, with a final prospectus available on the SEC's website or through Ladenburg Thalmann. To view…

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FridayJan 10, 2025 2:37 pm

NetworkNewsBreaks – Quantum Computing Inc. (NASDAQ: QUBT) Announces $100M Private Placement

Quantum Computing (NASDAQ: QUBT) ("QCi"), an innovative, integrated photonics and quantum optics technology company, recently announced its entry into securities purchase agreements with institutional investors for the purchase and sale of 8,163,266 shares of common stock in a private placement at a purchase price of $12.25 per share. The company expects gross proceeds of $100 million from the offering, of which it intends to use the net for working capital and general corporate purposes. With anticipated net proceeds, combined with existing cash reserves, Quantum Computing expects to have sufficient resources to continue advancing and expanding the development and manufacturing of…

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