Weekly Market Roundup
A Zambian Copper Footprint Widens Past 2.4 km, Plus a Biotech IND Clearance and Crypto’s Biggest Hack
A copper explorer in Zambia has been waiting on a lab hit by power cuts and broken equipment. When the backlog finally started clearing, the deposit those samples came from turned out to be more than twice as wide at its northern end as the corridor drilled before. A biotech whose original shareholders now own…
Neptune Digital Assets Turns Its SpaceX Stake Into Option Income
Neptune Digital Assets paid roughly US$20 a share for its SpaceX stake. It is now selling other investors the right to buy part of it at US$206. On the other side of the market, one compromised laptop at Binance just turned into a $6.3 billion problem. Neptune Digital Assets Now Holds 112,000 Free-Trading SpaceX Shares…
enCore Energy Expects Upper Spring Creek Uranium Permit by November 13
Seven revision cycles and two public comment periods. One Texas uranium permit went through all of it over 17 months, for a plant whose first phase was built in June. enCore Energy now expects the final signature by November 13, and on the same day it said so, Washington offered Constellation up to $5 billion…
Draganfly Books First U.S. Defense Sales of Its Heavy Lift Drone
Lip-Bu Tan put money into Classiq’s Series B back in 2022. On Monday, the chipmaker he now runs agreed to buy the whole company. Draganfly’s news landed a day later and at a far smaller scale: a U.S. defense customer just bought its Heavy Lift drone for the first time. Draganfly Books First U.S. Defense…
Theralase Reports 64.5% Complete Response in Phase II Bladder Cancer Study
Seven years. That is how long one patient in a Toronto company’s bladder cancer study has held a complete response after a single light-activated treatment. The rest of the data is less tidy, and so is most of what crossed the biotech wires on Monday and Tuesday. Theralase Reports 64.5% Complete Response in Phase II…
Canagold Hits 52.8 g/t Gold and 0.83% Antimony at New Polaris, BC
Beijing put an expiration date on its own goodwill. China’s pause on its ban on antimony exports to the US runs out November 27, and no extension has been announced. Prices are not panicking: Chinese antimony closed October 10 down 12.8% from late August. A gold project in northwest British Columbia just drilled into more…
Duos Technologies Lands a 10-Year, 20 MW Cloud Contract, Plus a Copper Intercept and a Uranium Joint Venture
Small companies don’t usually sign customer contracts worth more than the entire company. On Tuesday, one did. The rest of the week brought a copper hole in British Columbia that cut a zone the company hadn’t modeled, an FDA-agreed blueprint for a dementia trial that won’t start until 2027, and a uranium explorer that sold…
NIP Group Agrees to Pay Up to 247 Million Shares for Bitcoin Miners
Ten billion shares. That is the new ceiling an esports company turned Bitcoin miner got approved on October 16, up from two billion. Four days later it agreed to hand over up to 247 million of them for mining rigs. Washington spent the same week making its first GENIUS Act stablecoin rule final. NIP Group…
GMG Ships Six-Minute-Charge Battery Cells to First Customers for Testing
Six minutes to charge, six minutes to drain, a thousand times over. Until this week, that result lived inside a battery lab in Indiana. On Wednesday, Graphene Manufacturing Group started shipping the cells to companies that might actually buy them. GMG Ships First G®CELLS to Potential Customers for Testing Graphene Manufacturing Group Ltd. (TSXV: GMG;…
Carrier Connect Fills Its Georgia Data Center With a CA$88.9M Contract
One Georgia building is about to bill roughly three times what its owner was bringing in across its whole business. Carrier Connect signed the deal Monday. A day later Salesforce agreed to pay a 58% premium for Braze, and SEALSQ’s market value slipped just below the cash on its books. Carrier Connect Signs CA$88.9 Million,…
