Weekly Market Roundup
inTEST Expects Record Q3 Orders as AI Lifts Chip Test Demand
Tiny just bought a software business for less than one year of that business’s recurring revenue. All cash. A chip test-equipment maker, meanwhile, posted its biggest order quarter ever before the books were even closed. inTEST Expects Record Q3 Orders of $48 Million to $50 Million inTEST Corporation (NYSE American: INTT) said on October 5…
Vaxcyte’s VAX-31 Meets Phase 3 Endpoints, Then Launches $1 Billion Raise
Alector’s stock ended Friday at $1.81, down 42.7% over the past year. Monday morning, Genentech put $100 million upfront on a Parkinson’s program that has not yet entered the clinic. Vaxcyte had the busier day: Phase 3 data before the open, a $1 billion financing after the close. Alector Licenses AL050 to Genentech for $100…
ICG Silver & Gold Hits 137 g/t Gold at Battle Mountain, Plus a Telecom Buyout and a Phase 2 Result
The most useful paragraph in a junior mining press release is often the one under “Corporate Update,” near the bottom. ICG Silver & Gold’s release on September 30 opened with 24.3 meters of 10.14 g/t gold and closed with a US$150,000 payment for three months of investor awareness services. Connect Biopharma hit its primary endpoint…
Selkirk Copper Hits 99th-Percentile Grade in Minto North Step-Out
A 1.21-metre piece of core from northwestern British Columbia assayed 30.46% antimony, and it still isn’t the lead. Central Yukon is. Cascadia Minerals and Selkirk Copper, drilling 35 kilometers apart in the Minto Copper Belt, each reported intercepts that rank among the best ever drilled on their properties. Cascadia Minerals Hits 2.18% CuEq Over 75.55…
VersaBank Becomes Issuer of Bank of North Dakota’s Roughrider Coin
North Dakota has run its own state bank since 1919. As of Thursday, that bank has a stablecoin. The company minting it trades in Toronto. VersaBank Issues Bank of North Dakota’s Roughrider Coin, Now Live VersaBank (TSX: VBNK; Nasdaq: VBNK) is now the issuer of Roughrider Coin, Bank of North Dakota’s dollar-backed stablecoin, which went…
TOYO Signs $240 Million in Binding US Solar Module Supply Deals
Signatures collected since mid-June now add up to $240 million. TOYO’s entire market value is smaller than that. Elsewhere, a Chilean copper miner’s equipment arm wants triple the factory space, and a solar tracker supplier carrying a going-concern warning signed up with Hitachi Energy. TOYO Signs $240 Million in Binding US Solar Module Supply Deals…
Draganfly Closes US$10 Million Investment From Unusual Machines and US Fund
C$10,582. That was Quantum eMotion’s revenue in a quarterly filing earlier this year. On Monday it agreed to pay C$33.8 million for a cybersecurity company that already has hundreds of customers. A drone maker sold $10 million of stock to a parts supplier and a US fund the same day. On Tuesday, a Vancouver internet…
Lifecore Biomedical Agrees to Webster Buyout Worth Up to $9.67 a Share
Alcon has signed up to help finance the purchase of one of its own suppliers. Whether Lifecore Biomedical shareholders end up with $6.28 a share or as much as $9.67 depends partly on how much Alcon keeps ordering. Kodiak Sciences had the louder Monday. Filana Therapeutics got a clinical hold lifted and watched the rally…
Ashley Gold’s 60-Metre Gold Hit Rests Heavily on One Sample
Sixty-five centimeters of rock carried roughly three quarters of the gold in a 60-metre drill intercept on Friday. The company’s stock still rose 69.2%. In New Brunswick, a copper intercept got richer toward its base, and in Chile a CSE junior put a billion pounds of copper on paper for the first time. Nine Mile…
A Historic BC Gold Mine Returns 166.2 g/t Gold in New Drilling, Plus an Insurance Data Contract and a Battery Earnings Report
Historic mining at Premier, near Stewart in northwestern British Columbia, produced more than 40 million ounces of silver, according to the company that owns it now. That owner changed its name in January and still lists restarting the Premier mill as an open question. One underground hole there just returned 3,383 grams of silver per…
