NetworkNewsBreaks

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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WednesdayDec 18, 2024 3:02 pm

NetworkNewsBreaks – Lantern Pharma Inc. (LTRN) Expands HARMONIC™ Trial to Asia with First Patient Dosed in Taiwan

Lantern Pharma (LTRN)  has enrolled and dosed its first patient in Taiwan for the Phase 2 HARMONIC™ trial evaluating LP-300 in never-smokers with non-small cell lung cancer (“NSCLC”) who have relapsed after tyrosine kinase inhibitor (“TKI”) treatment. This expansion into Asia addresses the region's higher prevalence of never-smoker NSCLC cases, with Taiwan being a key area as over half of lung cancer diagnoses there occur in never-smokers. The trial, conducted across sites in the U.S., Japan, and Taiwan, aims to enroll 90 patients to assess progression-free survival (“PFS”) and overall survival (“OS”) outcomes. Lantern highlighted promising preliminary results, including an…

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WednesdayDec 18, 2024 2:31 pm

NetworkNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Complements Efforts to Advance Parbec Through Key Initiatives

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR), an active mineral-exploration company, is engaged in the exploration and development of the company’s wholly owned multicommodity mineral properties in Canada. Renforth previously announced its efforts to advance the knowledge of the Parbec project through several initiatives, including stripping permits and a comprehensive geochemical analysis program. “The company noted that the permit program was designed to complement its consistent efforts to advance the Parbec project, potentially leading to a more comprehensive understanding of the deposit’s near-surface gold potential and guiding future exploration and development strategies,” reads a recent article. “The geochemical analysis…

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WednesdayDec 18, 2024 1:36 pm

NetworkNewsBreaks – Why Thumzup Media Corp. (NASDAQ: TZUP) Is ‘One to Watch’

Thumzup (NASDAQ: TZUP) is at the forefront of modernizing the marketing industry with its unique platform designed to connect advertisers directly with everyday social media users. “The company’s mission is to empower individuals by turning their authentic social media activity into a monetizable asset while providing brands with cost-effective and impactful advertising solutions,” reads a recent article. “Through its flagship Thumzup platform, the company offers a seamless system where users post about participating advertisers and receive cash payments via Venmo or PayPal. Thumzup recently announced plans to integrate bitcoin as an additional payment option, expanding accessibility for gig economy workers.” To…

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WednesdayDec 18, 2024 12:06 pm

NetworkNewsBreaks – Massimo Group (NASDAQ: MAMO) Unveils HVAC-Equipped Electric Golf and Utility Carts

Massimo (NASDAQ: MAMO) has launched the MVR HVAC Golf Cart and MVR HVAC Utility Carts, featuring fully enclosed cabs with heating and air conditioning for all-weather comfort. These electric carts include advanced features like a 48V 5kW motor, up to 45-mile range, marine-grade vinyl seats, and LED lighting. The utility model adds a heavy-duty dump bed for commercial applications such as farming and groundskeeping. CEO David Shan emphasized the carts' appeal for recreational and commercial use, positioning them as innovative, eco-friendly solutions in the growing electric cart market. Future models will integrate Lithium-Ion batteries for enhanced performance. To view the…

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WednesdayDec 18, 2024 12:05 pm

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Financial Overview and Instagram’s Impact

Meta (NASDAQ: META) is a leading technology company known for its social media platforms, including Facebook and Instagram. Instagram, in particular, is expected to play a crucial role in Meta’s future revenue streams. According to a report by Emarketer, Instagram is projected to generate more than half of Meta’s advertising revenue in the United States by 2025. This growth is driven by Instagram’s enhanced monetization strategies. Meta’s financial performance reflects its strong market position. The company reported a quarterly revenue of approximately $40.59 billion. This substantial revenue is supported by Instagram’s growing contribution to Meta’s advertising income. As Instagram continues…

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WednesdayDec 18, 2024 11:14 am

NetworkNewsBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Reports $5.5M in EV Sales and Significant Cost Reductions

Mullen Automotive (NASDAQ: MULN) announced sales of 100 Class 1 and Class 3 electric cargo vans and trucks since Sept. 30, 2024, generating $5.5 million in revenue. The company has also reduced its monthly burn rate from $16.8 million in August to $5.3 million in October and November. CEO David Michery highlighted growing demand for sustainable transportation solutions and ongoing discussions with government agencies and large fleets. The Mullen ONE and Mullen THREE commercial EVs meet strict U.S. emissions standards and qualify for various state and federal incentives, including up to $45,000 in rebates. To view the full press release,…

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TuesdayDec 17, 2024 2:57 pm

NetworkNewsBreaks – Flora Growth Corp. (NASDAQ: FLGC) Closes $3.6M Registered Direct

Flora (NASDAQ: FLGC) has closed a registered direct offering to institutional investors for the aggregate purchase and sale of approximately $3.6 million of Common Shares, each at a price of $1.25. Flora announced approximately $3.6 million in expected aggregate gross proceeds from the offering, of which it intends to use the net, together with existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent for the offering. Dorsey & Whitney LLP acted as counsel to the company, and Kaufman & Canoles P.C. acted as counsel to Aegis Capital Corp. To view the full…

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