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Base Resources receives takeover bid from Energy Fuels to create global critical minerals group
US-based critical minerals producer Energy Fuels (NYSE: UUUU) has made a takeover bid for Australian company Base Resources (ASX: BSE) to create a billion-dollar global business with a focus on rare earth elements, uranium and mineral sands production. Under the terms of the proposal, Base shareholders will receive 0.026 Energy Fuels shares for each Base […]
Australian billionaire Gina Rinehart takes strategic stake in US rare earths miner MP Materials
Gina Rinehart’s mining arm Hancock Prospecting has added to its growing interests in rare earth elements by acquiring a 5.3% share in US miner MP Materials (NYSE: MP). The new stake sits in Hancock Prospecting’s expanding global stable of critical minerals assets alongside her 10% interest in Australia’s Arafura Resources (ASX: ARU) and a 5.8% […]
Silver Lake to take Endeavor Group private in $13b buyout
Technology investment firm will shell out $13 billion to acquire global sports and entertainment company Endeavor Group Holdings (NYSE: EDR) in what is believed to be the biggest private equity-sponsored buyout in over a decade and the largest ever in the sector. The deal comes three years after Endeavor went public. Endeavor is the majority […]
Perimeter Medical Imaging AI confirms positive outcomes from study of artificial intelligence technology on breast cancer surgeries
A peer-reviewed study on an artificial intelligence technology developed by Perimeter Medical Imaging AI (OTC: PYNKF) has identified positive outcomes for breast cancer surgery. When integrated with wide field optical coherence tomography (WF-OCT), Perimeter’s ImgAssist software has been shown to enhance productivity and decision making in surgery margin assessments. The deep learning model showed high […]
Poolbeg Pharma moves closer to granting of patent for POLB 001 to treat multiple diseases
UK biopharmaceutical company Poolbeg Pharma (OTCQB: POLBF) has received a notice of allowance from the US Patent Office in relation to an application for its lead candidate POLB 001 in the treatment of multiple diseases. The notice covers a class of drugs (including POLB 001) for treating hypercytokinaemia (cytokine storm) and for preventing its development […]
Astera Labs makes Nasdaq debut amid AI boom
Astera Labs (NASDAQ: ALAB) made its Nasdaq debut last month with a market capitalisation of $9.68 billion as it tapped into investor enthusiasm for artificial intelligence. The California-based company sells high-speed data transfer technology for AI computing and other cutting-edge data centre applications. It is the first big technology firm to go public this year […]
Radiopharm Theranostics advances cancer treatment with RAD 301 and RAD 302 developments
Radiopharm Theranostics (OTC: RDPTF) has welcomed the release of new data identifying a promising pathway for its innovative RAD 301 and RAD 302 oncology developments. Multiple new data covering the RAD 301 and RAD 302 programs were featured at the 2024 European Molecular Imaging Meeting (EMIM) in Portugal this week. RAD 302, which is currently […]
Barton Gold’s Tunkillia resource estimate surges to 1.5 million ounces
Barton Gold’s (OTCQB: BGDFF) aggressive drilling campaigns have again paid off with the company lifting the Tunkillia joint ore reserves committee (JORC) mineral resource estimate (MRE) to 1.5 million ounces. The MRE has estimated the project holds around 51.3 million tonnes of ore at 0.91 grams per tonne of gold, boosted by a new 115,216oz of […]
Incannex releases groundbreaking results from psilocybin trial to treat anxiety, moves to Phase 2b FDA trials
Cannabinoid and psychedelic medicine biotechnology company Incannex Healthcare (NASDAQ: IXHL) has announced positive top-line results from its Phase 2 Psi-GAD1 clinical trial of psilocybin for the treatment of generalised anxiety disorder (GAD). The trial of the seven week treatment program was developed by Incannex in partnership with the Clinical Psychedelic Lab at Melbourne’s Monash University […]
Barton Gold brings three-pronged attack into action in Tunkillia gold hunt
Barton Gold (OTCQB: BGDFF) has stepped up its aggressive expansion campaign at the Tunkillia gold project in South Australia with the addition of a third drilling rig in the field. The company now has two RC drilling rigs and one DD drilling rig on site at Tunkillia. A second RC drilling rig is now spinning […]
US mining sector at inflection point – Morgan Stanley
Leading global financial institute Morgan Stanley believes the US metals and mining industry has reached an inflection point with the country desperately needing to increase its critical minerals output while managing its environmental, social, and governance (ESG) commitments at the same time. In a recent webinar, Morgan Stanley’s Wall Street analyst Carlos De Alba noted […]
Cameco lowers uranium production expectations for major Canadian operations
Leading global uranium fuel provider Cameco (NYSE: CCJ) has confirmed it is facing a number of issues at its Cigar Lake mine and Key Lake mill operations in Canada. The company reported that technical issues have led to lower than expected production forecasts at the Cigar Lake mine. Cameco says it now estimates it will […]
DraftKings in talks for $195m takeover of PointsBet’s US operations
Sports gambling powerhouse DraftKings (NASDAQ: DKNG) has entered into negotiations with Australian online bookmaker PointsBet Holdings (ASX: PBH) following an indicative takeover offer for PointsBet’s US businesses amounting to $195 million. This move from DraftKings emerged a month post Fanatics Betting and Gaming (FBG) agreeing to acquire the same businesses for a cash offer of […]