Energy Fuels announced a $1.9 billion acquisition of VAC, a leading magnetics company, to form a fully integrated rare earth supply chain from mining to magnet production. This move positions Energy Fuels to meet growing demand for rare earth magnets in sectors like automotive, defense, and data centers across North America and Europe. The combined company will leverage VAC's manufacturing expertise and Energy Fuels' mining and processing assets, supported by government funding including a $725 million U.S. loan. The acquisition is expected to close in early 2027 and immediately enhance Energy Fuels' cash flow and market reach.
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 23.4% increase in second-quarter profit from the previous quarter, surpassing analyst estimates. The company's net income reached NT$706.56 billion ($39.45 billion), a record high for the f...
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
