NetworkNewsBreaks

FridayDec 20, 2024 2:03 pm

NetworkNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Highlights ‘Pervasive Nature of Mineralizing Process at Storm’

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits, recently released an update on its Storm Copper Project, located on Somerset Island, Nunavut. According to to a recent article featuring the company, the 2024 deep-drilling campaign intends to test key geological targets at Storm as well as the potential for new zones of copper mineralization at the Deep Copper Horizon location, which was discovered in 2023. “It is encouraging to receive confirmation of our geological model with the drill bit,” Aston Bay CEO Thomas Ullrich was quoted as saying.…

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FridayDec 20, 2024 1:10 pm

NetworkNewsBreaks – Insights into Alphabet Inc.’s (NASDAQ: GOOGL) Financial Health and Market Position

Alphabet (NASDAQ: GOOGL, GOOG), through Google, is a leading technology company specializing in internet-related services and products, including search engines, online advertising and cloud computing. The company faces competition from other tech giants like Microsoft and Amazon. Recently, Google CEO Sundar Pichai announced a 10% reduction in managerial roles to boost efficiency. Alphabet’s financial metrics provide insight into its market position. The company has a price-to-earnings (“P/E”) ratio of 25.04, indicating investor expectations of future growth. A price-to-sales ratio of 6.94 and an enterprise value to sales ratio of 6.96 suggest that investors are willing to pay a premium for…

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FridayDec 20, 2024 11:59 am

NetworkNewsBreaks – Upstream Bridging the Gap for Real-World Asset Trading

Upstream published a blog today that discussed real-world assets (“RWAs”) as a game-changing force in the investment world, allowing greater accessibility through fractional ownership, liquidity and transparency with tokenization. “While the conversation around tokenizing RWAs isn’t new, the current wave of excitement surrounding crypto ETFs, Bitcoin reaching $100k for the first time ever, and blockchain technology as a whole, is breathing fresh life into the RWA market,” the blog reads. “Yet, the same roadblocks remain, particularly surrounding user-friendly access to hold and trade these assets. To trade RWAs today, users often have to navigate digital wallets and decentralized exchanges, potential…

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FridayDec 20, 2024 8:00 am

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces $5 Million Direct Offering to Institutional Investors

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has entered into a definitive securities purchase agreement with institutional investors for the sale of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares at a combined price of $1.50 per share and warrant. The common warrants are exercisable immediately at $1.50 per share and have a five-year term. Expected to close by Dec. 23, 2024, the offering is anticipated to generate $5.0 million in gross proceeds, to be used for general corporate purposes. Roth Capital Partners is acting as the exclusive placement agent for the offering,…

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ThursdayDec 19, 2024 3:22 pm

NetworkNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Poised for Growth in Providing Critical Resources for AI Infrastructure

McEwen Mining (NYSE: MUX) (TSX: MUX) was featured in a recent article that discussed the transformation of a nearly 150-year old Japanese firm into the country’s hottest stock amid burgeoning growth in the AI sector. “The current boom in AI has turned a previously little-known Japanese company into a star on the stock market. Fujikura, which has been in existence for the past 139 years, has shot to fame because of its longstanding excellence in making cables for data centers. Since the beginning of this year, the shares of this company have seen a whopping 400% rise in value,” the article…

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ThursdayDec 19, 2024 3:05 pm

NetworkNewsBreaks – Propy Title Agency’s Innovative Technology and Mission Featured on CryptoNewsAudio Production

IBN, a multifaceted communications organization, today announced release of the latest CryptoNewsAudio Production as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The production features Tanya Solati, VP of Business Development at Propy Title Agency, a company working to revolutionize the real estate industry through innovative technology and blockchain transparency. During the interview, Solati shared Propy’s mission to streamline real estate transactions by eliminating middlemen, a significant differentiator she recently discussed during a panel alongside representatives from Google and Broadridge at Benzinga’s Future of Digital Assets event. “I think a lot of Web3 firms…

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ThursdayDec 19, 2024 2:55 pm

NetworkNewsBreaks – Snap Inc. (NYSE: SNAP) Expands Revenue-Sharing Program to Boost Creator Earnings

Snap’s (NYSE: SNAP) Snapchat is expanding its revenue-sharing program to offer top creators more ways to earn money. This move is designed to boost monetization options, potentially increasing both earnings and engagement for creators on the platform. By enhancing these opportunities, Snapchat aims to strengthen its position in the competitive social media landscape. The current stock price of SNAP is $11.37, marking a 1.29% increase or $0.15. This reflects investor optimism, possibly influenced by the new revenue-sharing initiative. The stock has fluctuated today, trading between $11.14 and $11.57, indicating active market interest. Over the past year, SNAP’s stock has seen…

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ThursdayDec 19, 2024 2:06 pm

NetworkNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Closes First Tranche of $492,310 Private Placement to Advance Filion Gold Project

Torr Metals Inc. (TSX.V: TMET) has completed the first tranche of its non-brokered private placement, raising $492,310 through the issuance of 760,919 flow-through units at $0.12 per unit and 4,010,000 non-flow-through units at $0.10 per unit. The proceeds will support exploration and development at Torr’s 100%-owned Filion Gold Project in northern Ontario, strategically located near the Trans-Canada Highway. CEO Malcolm Dorsey highlighted strong shareholder support and the potential for grassroots discoveries in the historically underexplored gold corridor. The placement includes flow-through shares qualifying under Canadian tax law and non-flow-through shares with attached warrants exercisable at $0.20 until December 2026. Final…

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ThursdayDec 19, 2024 11:05 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands U.S. Battery Manufacturing with Updated DOE Proposal

Mullen Automotive (NASDAQ: MULN) has submitted a revised plan to the U.S. Department of Energy (“DOE”) to bolster domestic battery production at its Mishawaka, Indiana, and Fullerton, California, facilities. The company has invested $12 million to date, with an additional $43 million planned, seeking $55 million in matching DOE funds under a program funded by the Bipartisan Infrastructure Law. Mullen’s plan prioritizes high-volume battery production at Mishawaka, a former GM Hummer facility, which will be upgraded to a capacity of 108,000 battery systems annually. Fullerton will focus on research, development, and prototype production. Mullen's strategic acquisitions and infrastructure investments position…

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ThursdayDec 19, 2024 10:33 am

NetworkNewsBreaks – Clene Inc. (NASDAQ: CLNN) Secures $10 Million Debt Facility to Advance Neurodegenerative Disease Treatments

Clene (NASDAQ: CLNN) has announced a $10 million debt facility with three affiliated entities, set to close by December 20, 2024. The 18-month secured, partially convertible note carries a 12% fixed interest rate, with an interest-only period for the first year. Sixty-five percent of the note is convertible into common stock at $5.67 per share, a 130% premium over the stock’s signing day closing price. Proceeds will support Clene’s development of its CNM-Au8 treatment for ALS and neurodegenerative diseases, addressing FDA data requirements for regulatory approval. The company also aims to repay its prior $7.9 million Loan Agreement with Avenue Venture…

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