NetworkNewsBreaks

MondayOct 07, 2024 11:41 am

NetworkNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Discusses Completed Acquisition of Base Resources During Conference Call

Energy Fuels (NYSE American: UUUU) (TSX: EFR), an industry leader in the U.S. production of uranium and rare earth elements (“REE”) hosted a conference call this morning. The call began at 9 a.m. ET and focused on the company’s recently completed acquisition of Base Resources Limited. Mark Chalmers, Energy Fuels president and CEO, was joined by Tim Carstens, managing director of Base Resources, on the call, which included time for questions and answers. A replay of the call is available until Oct. 14, 2024, by dialing 1-289-819-1450 in Toronto or 1-888-660-6345 (toll free in North America), then use entry code 95890#.…

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MondayOct 07, 2024 11:11 am

NetworkNewsBreaks – Alpha Events Names IBN as Official Newswire for Quant Strats Europe Event

Alpha Events has chosen IBN, a multifaceted financial news and publishing company, as the official newswire for its upcoming Quant Strats Europe event. The one-day event is slated for Oct. 8, 2024, in London. A premier event for quantitative investment thought leaders, Quant Strats offers quality education and networking focused on quantitative investment strategies and risk management; the event has established a reputation for gathering an impressive group of specialists, including data teams, quant traders and portfolio managers. “Given the complexity and interconnectedness of international financial markets today, professional quantitative analysts who are well-versed in artificial intelligence, machine learning and…

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MondayOct 07, 2024 10:55 am

NetworkNewsBreaks – NextPlat Corp (NASDAQ: NXPL) Announces ‘Significant’ Extension and Expansion of Exclusive Distribution Agreement with OPKO Health

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced that its original exclusive e-commerce distribution contract with OPKO Health Inc. (NASDAQ: OPK) has been extended for four years and expanded to include additional e-commerce platforms and digital and social media marketing across China. The original agreement allowed NextPlat to sell OPKO Health Europe’s nutraceutical and veterinary products on the Tmall Global e-commerce platform only. According to the announcement, the expanded contract also grants NextPlat the exclusive rights to sell and market OPKO products in Japan. “The significant extension and expansion of our agreement with OPKO is evidence of the…

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MondayOct 07, 2024 10:46 am

NetworkNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) Announces Commencement of VC Program

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a company focused on oil and natural-gas production for Europe and Türkiye, is gearing up SASB gas field operations with the installation of Velocity Strings (“VS”). According to the announcement, the company and its partner at SASB reached an agreement on Sept. 30, 2024, regarding the technical aspects of the program. Consequently, Trillion Energy was assigned operatorship for the conduct of this program and signed a service agreement with a snubbing provider to install the velocity strings. “Initially it was assumed that the VS could only be run in using a drilling…

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MondayOct 07, 2024 9:45 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Forecasts $75M in GAAP Revenue Over Next 6 Months, Implements Immediate Measures to Cut Overall Expenses

Mullen Automotive (NASDAQ: MULN), an emerging electric vehicle (“EV”) manufacturer, today announced that it expects to ramp up its commercial sales to a monthly average of $12.5 million. As a result, the company forecasts $75 million in estimated GAAP revenue over the next six months from both Mullen Commercial’s and its subsidiary Bollinger Motors’ sales opportunities and pilot programs. The announcement also noted that the company is taking immediate steps to reduce its overall spend (operating and investing cash flows) from $12.8 million to $7.3 million. The $5.5 million cut is driven by a 20% reduction in headcount, elimination of…

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MondayOct 07, 2024 9:30 am

NetworkNewsBreaks – First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) to Acquire Gatos Silver Inc. (NYSE: GATO) (TSX: GATO) in $970M Deal

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) in early September announced an agreement to acquire all outstanding shares of Gatos Silver Inc. (NYSE: GATO) (TSX: GATO) in a transaction valued at approximately $970 million. Gatos shareholders will receive 2.550 common shares of First Majestic for each Gatos share, representing a 16% premium based on recent stock prices. The deal consolidates major silver-producing assets in Mexico, including the Cerro Los Gatos mine, enhancing First Majestic’s production capabilities. The merger is expected to close in early 2025, subject to regulatory approvals and shareholder votes. To view the full press…

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FridayOct 04, 2024 3:56 pm

NetworkNewsBreaks – Gatos Silver Inc. (NYSE: GATO) Releases Q3 LGJV Exploration Results, Notes ‘Early Positive Results’

Gatos Silver (NYSE: GATO), a silver-dominant exploration, development and production company, is reporting an update on its drilling and exploration programs in the Mexico-based Los Gatos District (“LGD”) . The company is 70% owner of the Los Gatos Joint Venture (“LGJV”). The update notes early positive results, such as mineralized intercepts on the Central Deeps target; the potential for a further extension of the South-East Deeps zone at the Cerro Los Gatos (“CLG”) Mine; and key developments in the ongoing regional exploration program. “The exploration results this quarter continue to demonstrate further life-extension potential at CLG beyond the recently announced…

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FridayOct 04, 2024 3:52 pm

NetworkNewsBreaks – Fathom Nickel Inc.’s (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Geochemistry Program Reveals Remarkable 25-Fold Increase in Geochemical Footprint

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) recently announced the results of its June soil and rock geochemistry program, revealing a dramatic increase in the Gochager Lake deposit’s geochemical footprint. “Data from the latest geochemical analysis has extended the Gochager Lake deposit’s footprint by up to four kilometers along trend, with extensions in both northeast and southwest directions. This expansion brings the total geochemical footprint to approximately 1.7 square kilometers, representing a remarkable 25-fold increase from the historical footprint of the deposit,” a recent article reads. “The June program’s findings were notably impactful. The analysis included portable X-ray fluorescence…

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FridayOct 04, 2024 3:07 pm

NetworkNewsBreaks – Golden Triangle Ventures Inc. (GTVH) Reaches ‘Major Milestone’ as Logistics Division Expands, Creates Consistent Cash Flow

Golden Triangle Ventures (OTC: GTVH), a multifaceted consulting company, has reached a major milestone in the expansion of its logistics division through its wholly owned subsidiary, LE Logistics, LLC. According to the company, LE Logistics has obtained the registration and insurance for eight trucks and shipping has officially commenced, creating a consistent cash flow stream; the vehicles are currently operating under West End Trucking Inc., a recently formed partnership. GTV is also in the process of acquiring the eight trucks, which will expand the company’s operational footprint and enhance its ability to scale GTV’s logistics division. In addition, the company…

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FridayOct 04, 2024 2:30 pm

NetworkNewsBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Viewed as Substantial Opportunity in Promising Sector

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) is seen as being in one of the strongest positions for a rising gold junior largely, though not exclusively, because of the specifics behind the company’s flagship Duquesne West Gold project, located in Rouyn-Noranda, Québec. “Just as there are clear reasons for gold juniors to rise on investor radars, there are reasons for the significant edge given to Emperor. First of all, the Duquesne project is located in the heart of the Abitibi Greenstone belt of Rouyn-Noranda, Quebec (one of the most prolific and productive gold mining districts)… 2011 historical inferred mineral…

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