Weekly Market Roundup
Fractyl Health Meets REMAIN-1 Pivotal Endpoint, Shares Plunge
Hitting a pivotal endpoint is supposed to be the good day. Fractyl Health hit its, with a p-value of 0.0023, and the stock still lost about half its value. Opus Genetics had its own odd Friday: an FDA approval a day early, and shares closed lower. Opus Genetics Wins FDA Approval for Presbyopia Eye Drops,…
Tectonic Metals Drills 80 Metres of Gold From Surface at Chicken Mountain
The S&P/TSX Venture Composite fell 3.87% last week. The CSE Composite slid 7.2%. Drill rigs didn’t notice: one hole in northern British Columbia returned a single metre at 794 grams of gold per tonne, and a lithium explorer worth under C$19 million topped the weekly gainers list. Cambria Gold Mines Hits 794 g/t Gold Over…
BitFuFu Warns Its 80 MW Ethiopia Mining Deal May Not Close
About 13,700 BitFuFu mining machines sit at an Ethiopian site whose owner is in a payment fight with its power supplier. The supplier set a ten-day deadline on September 28 and threatened to take the site’s collateralized equipment. Bitcoin briefly slipped below $80,000 on Thursday, its first time there in almost a month. Europe picked…
Jaguar Uranium Defines 4.2M lbs Indicated U3O8 in Argentina, Enovix Lands 100,000-Battery Order
Conventional drilling struggles in loose gravel. So the first resource estimate at Laguna Salada in Argentina came mostly from 2,146 historical pits and trenches, and it still returned 4.2 million pounds of Indicated U3O8 plus 10.1 million pounds Inferred. Enovix spent the same week turning one line of its drone pipeline into a 100,000-battery order.…
XTEND AI Robotics Lands $40.5 Million Order for 6,000 STRIKER Drones
Six thousand drones for $40.5 million. That works out to about $6,750 per system, and the buyer is the U.S. Department of War. The seller also runs a construction company that builds luxury homes. On the TSX Venture, a transcription firm says its software can now tell who is talking with up to 99% accuracy.…
First Tracks ANB033 Limits Gluten Damage in 32-Patient Celiac Trial
Two slices of bread a day, for 14 days. That was the gluten challenge 32 people with celiac disease signed up for, and the ones on First Tracks Biotherapeutics’ drug came through with their gut lining mostly intact. Caribou Biosciences spent the same stretch deciding it could no longer afford to finish what it started.…
Epic Gold Turns 1980s Falconbridge Drilling Into a 440,000-Ounce Resource
Much of the drill data behind a new Ontario gold resource was collected between 1983 and 1986. The gold price used to value it is US$3,500 an ounce. Epic Gold turned that old Falconbridge work into 440,000 Inferred ounces, while GMV Minerals and ATHA Energy closed out drill seasons in Arizona and Nunavut. Epic Gold…
OS Therapies Reports 72.7% Three-Year Survival in Bone Cancer Trial, Plus a Gold Step-Out and a Battery Durability Test
In the combined historical data used as the benchmark in one osteosarcoma trial, fewer than half of patients whose bone cancer had spread to their lungs were alive three years later. A graphene battery cell charged and discharged in six minutes ran past 1,000 cycles without losing capacity, while a lithium titanate cell put through…
CFTC Opens Comment on Regulation CAM for Leveraged Retail Crypto Trading
America has exactly one state-owned bank. It was chartered in 1919, and it now settles payments between local lenders using a stablecoin. A Canadian bank’s U.S. arm mints every coin. In Washington, the CFTC started writing crypto trading rules without waiting for Congress. VersaBank Becomes Issuer of Bank of North Dakota’s Roughrider Coin VersaBank (TSX:…
Turbo Energy Brings 62.5 MWh of Storage Online at Three Spanish Factories
Romania’s first hydrogen train fleet now has a start date: 2029. Twelve trains, every one set to run on Ballard fuel cells. In Spain, a battery company worth about $13 million now has storage working at its first three factory sites. Turbo Energy Switches On 62.5 MWh of Storage at Three Spanish Plants Turbo Energy,…
