Kinjal Corporation and International Frontier Resources Corporation (IFR) are progressing with a proposed reverse takeover (RTO) and a concurrent private placement to raise up to C$37 million. The deal includes acquiring Mexican natural gas assets like the Misión Field and Tonalli, with regulatory approvals and shareholder consent pending. Kinjal secured a binding term sheet for a US$30 million debt facility to fund part of the acquisition. Post-transaction, Kinjal plans a comprehensive third-party resource report and aims to become Mexico's largest independent onshore gas producer. New board members with energy and governance expertise have been appointed to support the transition.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
