District Metals Corp. announced successful initial results from a collaboration with Swedish firm Xoma AB using microalgae to purify water contaminated by metals leached from Alum Shale at the Viken Property in Sweden. The treatment significantly reduced harmful metals like nickel and uranium to meet Swedish drinking water standards after just one step with double algae dosing. This scalable, environmentally friendly method supports District's commitment to sustainable mining and local innovation. Next steps include further testing and optimization to prepare for real-world application as the Viken Deposit develops.
U-BX Technology's stock fell 15.6% in after-hours trading following the announcement of a 1-for-25 reverse stock split effective Friday. The move will reduce the number of outstanding shares significantly to maintain Nasdaq listing compliance. The co...
AI Financial Corp. disclosed that its $706 million WLFI token treasury is locked and unavailable for sale, raising serious liquidity and going concern issues. The company acquired 7.28 billion WLFI tokens in a $1.5 billion deal but the token value ha...
Stellantis announced a new project to produce a small, affordable electric car, called the E-Car, starting in 2028 at its Pomigliano d’Arco plant in Italy. The E-Car aims to revive the small car segment in Europe with a focus on European design, affo...
Echo Protocol on the Monad blockchain suffered a major security breach where an attacker minted about 1,000 unauthorized eBTC tokens worth roughly $76.7 million. The attacker moved some stolen assets through DeFi platforms like Curvance and Tornado C...
ArcelorMittal sold about 23.9 million shares of Vallourec, representing 10% of Vallourec's capital, raising approximately $667 million through an accelerated bookbuilding process. The proceeds will be used for ArcelorMittal's ongoing share buyback pr...
