Sovereign Metals will keep full ownership and control of its Kasiya rutile-graphite project in Malawi after Rio Tinto declined to exercise its option to become the project operator. Rio Tinto's decision was due to a shift in its corporate strategy and a review of its iron and titanium business, not due to any issues with the project's fundamentals or economics. Sovereign now benefits fully from Rio Tinto's $60 million investment and plans to advance the project as a key non-Chinese source of titanium, graphite, and heavy rare earths for US and allied supply chains. The company is progressing offtake agreements with Mitsui & Co and Traxys North America and is working on development financing with the International Finance Corporation.
Payhawk, an AI-native spend management platform, has surpassed $100 million in annual recurring revenue (ARR), achieving 159% year-over-year growth in new business and 95% growth in payment volumes. The company rebuilt its products and operations aro...
Quadient has been certified as a Great Place to Work® in the United States, United Kingdom, and Czech Republic during its first year participating in the program. This certification, based on employee feedback, recognizes Quadient's strong workplace ...
Bitcoin traded near $62,920, pressured by renewed U.S.-Iran strikes that lifted oil and the dollar, causing crypto markets to weaken. Despite $21.4 million inflows into U.S. spot Bitcoin ETFs providing some support, technical indicators like MACD and...
Snowline Gold's Valley deposit in Canada stands out with robust economic potential, including a post-tax net present value (NPV) of C$3.37 billion and a 25% internal rate of return (IRR) based on a preliminary economic assessment. The project is full...
Bitcoin and Ethereum supplies on exchanges have dropped to their lowest levels since 2017 and 2015 respectively, indicating a shift toward long-term holding and staking. This trend reflects growing investor confidence, possibly driven by institutiona...
