NetworkNewsBreaks Archive - Page 324 of 2095

FridayJun 14, 2024 10:41 am

NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) Extends Partnership with Aramco Research Center to Help Maximize Quantum’s Positive Impact

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, has extended its agreement with Aramco, a global integrated energy and chemicals company, to manage geophysical optimization problems through D-Wave’s quantum technologies. For the past two years, the Aramco Research Center in Delft, the Netherlands, has been working with D-Wave’s powerful quantum technologies on solving highly complex optimization problems involved in computationally intensive seismic imaging, an ultrasound-like technology used to map the various geological strata many kilometers below the surface. Using D-Wave’s quantum technologies, the Aramco Research Center, which is focused on developing advanced computing…

FridayJun 14, 2024 10:35 am

NetworkNewsBreaks – Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) Leveraging Promising Nickel-Copper-Cobalt Mineral Resource

Tartisan Nickel (CSE: TN) (OTCQB: TTSRF), a Canadian mineral exploration and mining development company, originally released a Preliminary Economic Assessment (“PEA”) report for its 100%-owned Kenbridge Nickel Project in 2022. “Drilling and assay results provided by Tartisan and compiled, verified and validated by P&E Mining Consultants Inc. were used to create an updated MRE, which confirmed that the Kenbridge Project ‘contains a significant nickel-copper-cobalt mineral resource that is potentially amenable to underground mining.’ The PEA noted that the measured and indicated mineral resources represent 3,508,000 tons at 0.70% Ni, 0.35% Cu, and 0.01% Co, while inferred mineral resources represent 1,013,000…

FridayJun 14, 2024 10:33 am

NetworkNewsBreaks – Kidpik Corp. (NASDAQ: PIK) Announces $2M Private Placement

Kidpik (NASDAQ: PIK), a children's clothing subscription box company, has entered into a securities purchase agreement (“SPA”) with EF Hutton YA Fund LP. According to information filed with the U.S. Securities and Exchange Commission (“SEC”), the agreement calls for Kidpik to sell three tranches of convertible debentures totaling an aggregate principal amount of $2 million. The first tranche, valued at $500,000 was completed on May 18, 2023. Kidpik also agreed to sell an additional $500,000 in convertible debentures upon the filing of a definitive proxy statement with the SEC seeking stockholder approval for, among other things, a merger with Nina Footwear…

ThursdayJun 13, 2024 3:27 pm

NetworkNewsBreaks – Torr Metals Inc. (TSXV: TMET) Reports Final Assay Results from Rock Sampling Program, Notes ‘Major’ Copper Discovery Potential

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, is reporting final assay results from the 2023 rock sampling program; the report also noted the delineation of a robust ZTEM geophysical anomaly at the newly defined Vik Zone, located at the Kolos Copper-Gold Project. Highlights of the report show outcrop mineralization coincident with 2023 soil anomalies, new robust ZTEM geophysical anomalies in the east and major copper discovery potential. The company also reported that it has completed its early reconnaissance field sampling program, which included coverage over newly acquired ground to…

ThursdayJun 13, 2024 3:07 pm

NetworkNewsBreaks – ECGI Holdings Inc. (ECGI) Signs Binding LOI to Acquire Pacific Saddlery

ECGI Holdings (OTC: ECGI), a diversified holding company with a unique portfolio in viticulture and luxury fashion, is announcing the signing of a binding Letter of Intent (“LOI”) to acquire all outstanding shares of Pacific Saddlery, Inc., a renowned manufacturer and retailer of luxury equestrian tack, apparel and accessories, in exchange for $5,000,000 in ECGI-restricted shares. According to the announcement, these shares will remain restricted until ECGI uplists to a national exchange. The acquisition aligns with ECGI’s objectives of expanding its presence in the luxury brands sector. It is expected to generate new recurring revenue streams and enhance ECGI’s position…

ThursdayJun 13, 2024 2:41 pm

NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Delivering Cutting-Edge Technology, Positioning in Electronic Monitoring Space

SuperCom Ltd. (NASDAQ: SPCB) is a digital security solutions innovator focused on the market for monitoring criminal offenders and tracking for public security. “Electronic-monitoring security solutions developer SuperCom is devoted to using technology to limit the threat of stalking-related violence by working with criminal justice systems, consumers and government-level security experts, and providing effective monitoring, offender tracking and rehabilitation reinforcement programs to promote public safety. The company is currently employing its innovative PureOne solution to deliver an all-in-one field-proven RFID and mobile technology and product suite that is growing with the addition of GPS technologies,” a recent article reads. “Our…

ThursdayJun 13, 2024 2:04 pm

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Subsidiary Secures $13.2M Sales Order

Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, today announced that its subsidiary, Bollinger Motors, has reached an agreement to sell 80 all-electric Class 4 commercial trucks for a sales order of $13.2 million to Momentum Groups, a leader in fleet management and EV charging solutions. Momentum, with strength is in its full-service national fleet program and mobile or permanent charging infrastructure for EVs, can upfit the Bollinger B4 Chassis Cab with mobile EV chargers, a box truck, flatbed, service body or stake truck. According to the announcement, Momentum will take possession of the vehicles after Bollinger Motors launches…

ThursdayJun 13, 2024 2:02 pm

NetworkNewsBreaks – Scinai Immunotherapeutics Ltd. (NASDAQ: SCNI) Receives LOI with European Investment Bank for Loan-to-Equity Conversion

Scinai Immunotherapeutics (NASDAQ: SCNI), a biopharmaceutical company focused on the development of inflammation and immunology (“I&I”) biological products and on providing contract development and manufacturing organization (“CDMO”) services through its Scinai Bioservices business unit, has received a nonbinding letter of intent (“LOI”) from the European Investment Bank (“EIB”). According to the announcement, the LOI contains terms for converting EIB's loan of approximately $27.6 million into equity in the form of prefunded warrants; the warrants, which will be exercisable into American Depositary Shares (“ADSs”), represent 19.5% of the fully diluted capital of the company as well as capped variable return mostly in the form of…

ThursdayJun 13, 2024 1:50 pm

NetworkNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Announces Annual Shareholder Meeting, Outlines Agenda Items for Voting

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has scheduled an annual general and special shareholders meeting. The meeting will be held July 9, 2024, with agenda items that include voting and approving an arrangement with G Mining Ventures. According to the announcement, shareholders will vote to approve a statutory plan of arrangement entered into between Reunion Gold, G Mining Ventures Corp. and Greenheart Gold Inc. The arrangement calls for a new entity to be incorporated to hold and manage the combined business of Reunion Gold and GMIN; the new entity will acquire all of…

ThursdayJun 13, 2024 1:42 pm

NetworkNewsBreaks – FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA:0K9A) Signs Option Agreement with USC to Exclusively Evaluate Novel Technology for Commercialization

SD Pharma (NASDAQ: HUGE) (CSE: HUGE) (FRA:0K9A), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, has entered into an exclusive option agreement with the University of Southern California (“USC”). Signed June 11, 2024, the option agreement allows FSD Pharma to exclusively evaluate, for an initial term of six months, a novel dietary supplement technology for commercialization. At the end of this term, the company will have the option to either extend it for a further six months or to sign an exclusive license with USC for the technology. The company is evaluating this novel…

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