Lake Victoria Gold has agreed to a gold loan facility worth up to 6,000 ounces of gold (about $25 million) with Monetary Metals, alongside a fully committed $3 million convertible debenture financing. This financing package supports the development of the Imwelo Gold Project in Tanzania, providing non-dilutive project-level funding and immediate capital to accelerate work programs. The gold loan aligns repayment with future gold production, while the convertible debenture offers funding certainty with minimal dilution. The company aims to close the deal within 60-90 days, pending due diligence and regulatory approvals, and plans to use the funds to advance Imwelo and Tembo projects toward production and construction.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
