Premier African Minerals' shares fell over 27% after the company announced plans to seek shareholder approval to issue up to 58.63 billion new shares to fund its Zulu Lithium and Tantalum Project in Zimbabwe and strengthen its balance sheet. Additional shares may be issued to settle creditor debts and under existing conversion rights, with a total funding need of about US$19.1 million through 2027. The company also proposes a 10-for-1 share consolidation to reduce its large share count. Premier warned that without this funding, its projects and financial position could be materially impacted.
Canary Capital announced its proposed Canary Staked TRX ETF, trading under ticker TRXS, is coming soon pending SEC approval. The ETF will stake nearly all held TRX tokens, retaining 80% of staking rewards after fees, and will be custodied by BitGo wi...
CleanSpark, Inc. is transitioning from Bitcoin mining to AI infrastructure, marked by a $6.6 billion, 20-year lease with a high-grade tenant. However, revenue from this AI venture will not begin until the fourth quarter of 2027. Meanwhile, CleanSpark...
Nvidia's equity investments have surged to $99 billion as of July 26, up from $7 billion a year ago, reflecting its aggressive expansion in the AI sector. The company has invested heavily in frontier AI labs, cloud providers, and infrastructure firms...
Tesla has opened interest for businesses to buy Cybercab fleets or support infrastructure for its robotaxi network, indicating a move beyond running the service solely in-house. This marks a shift from Elon Musk's original vision of individual Tesla ...
Sivers Semiconductors has been upgraded to a Buy rating following a 78% decline in its stock price, improved liquidity from a SEK 700 million capital raise, and a more attractive valuation entry point at around 26x EV/sales. The company’s photonics s...
