Morning Chatter
Mining Discovery
Mining Discovery is a digital community for the mining industry that connects the world’s largest mining brands.
Morning Chatter!
Canada
PRE-OPEN Canadian?markets look top a flat open?as?U.S. stock index?futures were?subdued?ahead of a busy week of vital economic data in the respective countries.?European shares?advanced, led by mining stocks. In Asian equity markets, overnight gains in Wall Street pushed Japan's?Nikkei?to a two-week high, while?China stocks?continued the rally for the second day.?Oil?prices rose as supply concerns outshined macroeconomic jitters. The?U.S. dollar?held steady, while?gold?prices were little changed.?
Alpha Exploration Ltd.?(TSXV: ALEX)?provides an update on its ongoing aggressive exploration program over the 100% owned, 771km2?Kerkasha Project located in southern Eritrea. Exploration has focused on the Company’s district scale, orogenic Aburna Gold Prospect and the Tolegimja Copper-Zinc-Gold VMS Prospect.?
The Aburna Gold Prospect is a significant gold discovery made by Alpha with mineralization systematically defined at surface over a 7.2km x 2km area and where recent drilling includes 16m @ 14.07g/t Au and 23m @ 6.74 g/t Au. Exploration program highlights during the period include:
Aburna Gold Prospect:
5,565m of drilling: including 4,756m by reverse-circulation (28 holes) and 809m by diamond drilling (5 holes). Assays are pending with results expected in September. Over 10,000m of drilling has now been completed by Alpha’s team in 2023.?
3,678m of trench & channel sampling testing extensions to the 7.2km long gold in soil anomaly. Assays are pending and expected in September.
Ground magnetic geophysical survey and separate Gradient Array Induced Polarization (“GAIP”) survey covering 2.1km by 5.3km along the main Aburna trend.?Interpretation is ongoing with results expected in September.
Completion of high-resolution topographic and drill hole collar survey
Commencement of Environmental Baseline study?
Commencement of preliminary metallurgical test work
Tolegimja Copper-Zinc-Gold VMS Prospect:
Completion of 1,324m trenching program through the main gossan target. Assays and data are expected in October
Michael Hopley, Alpha’s President and CEO commented:
“I am pleased to report on another very intense period of exploration for the Company. The Alpha team have been busy over the past three months advancing our knowledge of the large Aburna Gold Prospect via >5,000m of drilling as well as well as undertaking a major trench sampling program and two large ground geophysical surveys.?
We believe that Aburna has the potential to become a major gold project as demonstrated by consistent high-grade results from drilling including 16m @ 14.07g/t Au and 23m @ 6.74 g/t Au, and a very large gold in soil anomaly which is over 7km long and 2km wide. Results from these current work programs are expected shortly and we believe this will lead to a very significant increase in our understanding of the project and create compelling targets for the next stage of drilling at Aburna.
We are also pleased to report on the completion of a 1,324m trenching program at the Tolegimja Copper-Zinc-Gold VMS prospect where recent drilling by the Company has established a significant zinc rich zone with grades including 26m @ 1.67% Zn. We look forward to updating shareholders with further results in due course.”.
XORTX Therapeutics Inc.?(TSXV: XRTX | NASDAQ: XRTX |?Frankfurt: ANU),?a late-stage clinical pharmaceutical company focused on developing innovative therapies to treat progressive kidney disease, announces that it has submitted an Orphan Drug Designation application for XORLO??to the European Medicines Agency (the “EMA”). The “orphan-drug designation request is for the use of XORTX’s patented unique proprietary formulation of oxypurinol – XORLO??– for the treatment of autosomal dominant polycystic kidney disease (ADPKD)”.
The orphan drug designation process (“ODD”) initiated with the submission of this application and is made to the EMA’s COMP (Committee for Orphan Medicinal Products) office. To support this application, a focused data package was provided that included: a review of the basic science related to the mechanism of injury associated with aberrant purine metabolism and hyperuricemia as well as the evidence that XORLO??attenuates the accelerating effect of kidney injury, analysis of the number of European patients with ADPKD and arguments to support the likelihood that the new therapy, XORLO?, will provide significant, clinically meaningful benefit compared with existing treatment. The EMA’s COMP office, will review this initial application package and provide feedback and a decision, which is expected in December of this year.
Dr. Allen Davidoff, CEO of XORTX, stated, “This EMA ODD submission represents a key milestone for the Company regarding new and existing discoveries made by XORTX and its novel approach to slowing progression of kidney disease in ADPKD. It also follows on receipt of ODD status granted by the U.S. Food and Drug Administration in April 2023. Further updates will be provided once the EMA COMP renders its decision.”
Benefits of EMA Orphan Designation include:?Reduced fees for protocol assistance, market authorization applications and annual fees for authorized medicines; Automatic access to centralized procedure for EMA marketing authorization, access to research grants, a simplified approval process and 10 years of market exclusivity. Further information regarding the incentives for orphan designation are available at:?https://www.ema.europa.eu/en/human-regulatory/research-development/orphan-designation/orphan-incentives
About Orphan Drug Designation in Europe?
The EMA is responsible for reviewing applications from sponsors for?orphan designation. To qualify for?orphan designation, a medicine must meet a number of?criteria:
Applications for?orphan designation?are examined by the EMA’s COMP office using the network of experts that the EMA’s COMP office has built up. The evaluation process takes a maximum of 90 days from validation.
Luca Mining Corp. (“Luca” (TSXV: LUCA | OTCQX: LUCMF)?and EnviroGold Global Limited (CSE: NVRO | OTCQB:ESGLF | FSE:YGK) (“EnviroGold Global”), a clean technology company accelerating the world’s transition to a circular-resource economy, are pleased to announce the signing of a Memorandum of Understanding (“?MOU”), dated 1st August 2023, to process the tailings at Luca’s 100% owned Campo Morado Mine in Guerrero State, Mexico (the “Project”).
The scope of the initial project is to evaluate the reprocessing of the historical Campo Morado (“Campo”) tailings that are currently being stored in Campo’s original tailings storage facility. These tailings contain approximately 3,290,622 tonnes @ 1.32% Zn, 0.3%Cu, 0.49%Pb, 1.57g/t Au, and 94 g/t Ag (based onLuca’s internal company estimate from historical production records). ? EnviroGold and Luca will work together to develop a definitive processing agreement that will provide a stage-gated approach to the development of the Project. The Project will follow the standard approach with EnviroGold working with Luca to complete a preliminary economic assessment (“PEA”). This project follows successful pilot plant scale testwork on tailings for the Hellyer Project in Australia (refer to EnviroGold’s news release dated June 29, 2023). ?The historic Hellyer Mine is also a volcanogenic massive sulphide (“VMS”) type deposit, with very similar characteristics to Campo Morado. ?The 500kg sample tested had grades of 2.59 g/t Au, 59 g/t Ag, 0.11% Cu, and 0.84% Zn. ?Average gold and silver recoveries achieved by EnviroGold were both over 90%, on a cyanide leach feed using the LeachwellTM Accelerated cyanide leach technologies. Also, 91% of the copper and 82% of the zinc contained in the tailings reported to a pregnant leach solution, suitable for subsequent recovery and the pyrite within the sulphide minerals was broken down from 38% to less than 1%. Initial testwork on Campo Morado tailings samples in 2021 achieved preliminary gold recoveries of approximately 60% using EnviroGold’s proprietary NVRO technology. ?This is similar to Hellyer’s initial testing and EnviroGold will look to increase these recovery rates in the next stage of testing. Following a definitive agreement between the parties, the initial stage of the project will include further data and samples collection and testwork, followed by a PEA-level study and NI 43-101 Technical Report outlining the project concepts, costs, development timeline etc. A positive outcome from this initial tailings project could lead to applying the same technologies to the current plant and tailings stream at the Project. Dr. Mark Thorpe (CEO of EnviroGold) commented, “We are looking forward to working with the Luca team. Having recently completed our pilot plant testing on the Hellyer Project, we are confident that the NVRO process can be adjusted to work on the Campo tailings. Furthermore, it will be a pleasure to be back working in Mexico again.”? Mr. Mike Struthers (CEO of Luca) commented, “We’re excited to work with EnviroGold on this project, building on the initial testwork in 2021. The encouraging results from those initial tests, plus the very real potential to also recover base metals from the tailings, could generate significant value from this old tailings facility. More importantly, if the initial project is successful, the potential to add this metals recovery stream to the existing plant could add considerable future value to Campo Morado.”
Solstice Gold Corp. (TSXV: SGC)?announce that we have been selected to receive a $200,000 Ontario Junior Exploration Program (“OJEP”) grant from the Government of Ontario to support our ongoing exploration efforts on our Stewart Lake Lithium Project (“SLP”).
Pursuant to the OJEP grant, Solstice will receive up to $200,000 to cover 50% of eligible exploration costs on the project. SLP was selected for the grant under OJEP’s critical minerals stream, which is aimed at facilitating the exploration of critical minerals within Ontario. The receipt of grant funding represents a meaningful milestone, leveraging government support towards advancing the exploration of this prospective lithium project.
Pablo McDonald, Solstice CEO stated, “We are very pleased to acknowledge the support of the Government of Ontario with a $200,000 grant through OJEP. This allows us to cover SLP in even more detail, helping to build out our prospecting and sampling programs. It is a significant sum that adds to the already robust and systematic exploration plan we have started at SLP. It will put to good use in finding and delineating pegmatites throughout our commanding land position.”
About the SLP Project
Geological and prospecting crews have been mobilized to the SLP project to systematically prospect and map its entirety using road, helicopter, and boat-based traverses. The Company is using a Laser Induced Breakdown Spectroscopy (“LIBS”) analyzer to provide real-time data to optimize the exploration effort. We will provide an update on progress and preliminary observations in the near term.
For more project information, please see our project summary at?solsticegold.com.
SPARC AI Inc. (CSE:SPAI) (OTCPink:EGTTF) (FSE:5OV0)?has discovered a powerful application for its SPARC intellectual property and patents involving the navigation of autonomous drones. SPARC’s technology calculates the location or position of anything you can see or point at over any distance, height and terrain and is only limited by the resolution of the underlying model and the initial pointing data.
For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. If you are unable to view this video, please watch on InvestmentPitch Media’s YouTube channel at this link: (click here)
Installing SPARC’s patented algorithms as an internal on-board navigation system within an autonomous drone eliminates the current procedure whereby on-board sensors and cameras use GPS, lidar, image recognition technology and AI algorithms to feed data into the drone’s navigation system. SPARC’s patented algorithms, included in its portfolio of 7 patents, record the Location Points (Fx) of a drone’s flight path. Use these Location Points to calculate the shortest path back to base or by using SPARC’s reverse lookup algorithm, fly directly to any Location Point. The SPARC data collected can be used to create a real-time navigation map on-board the drone.
领英推荐
With the capability of capturing the location of any distant object, drones can survey points of interest well beyond their range limits. It is also 100% covert which is ideal for military, surveillance, target acquisition, asset protection, and situational awareness. Autonomous drones are used in a variety of industries including transport, construction, logistics, surveillance and inspection, search and rescue, mining, military, and agriculture.
The company is working to embed SPARC AI algorithms modules into a microchip, which will deliver unprecedented geospatial capability that is scalable, fast and accurate.
According to a number of top management consulting and research organizations, the company has a multi-billion dollar addressable market. SPARC AI is currently reviewing several chip vendors including Google’s Coral platform and other partnership opportunities to get to market quickly and cost effectively.
Following a major restructuring, and with only 9,091,000 shares outstanding, the shares are trading at $0.25. For more information about SPARC AI, please visit the company’s website?www.SPARCai.co, contact Anoosh Manzoori, CEO, at +61 409 252 088 or by email at?[email protected].
Tantalex Lithium Resources Corp. (CSE:TTX)?–?(FSE:DW8)?–?(OTC:TTLXF)?announce the final tranche closing of its non-brokered private placement by way of issuance of 3,537,182 common shares (the “Common Shares”) at a price of $0.11 per Common Share for gross proceeds of $389,090.02 (the “Private Placement”).?
The Corporation has closed a first tranche on July 12, 2023 and a second tranche on July 21, 2023.?
The proceeds of the Private Placement will be used for general working capital purposes. All securities issued pursuant to the Private Placement will be subject to a four-month-and-one day statutory hold period in accordance with applicable securities law.
The securities being referred to in this news release have not been, nor will they be, registered under the United States (U.S.) Securities Act of 1933, as amended, and may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Tantalex Lithium Resources Corporation?
Tantalex Lithium is an exploration and development stage mining company engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa.?
It is currently focused on developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo; The Manono Lithium Tailings Project and the Pegmatite Corridor Exploration Program.
Transatlantic Mining Corp.?(TSXV: TCO)?announce the mobilization of a diamond drill rig to its Monitor Copper Gold Project. The inaugural plan is to drill up to 1,000 metres of diamond core to test the copper anomalism found on earlier surface geological reconnaissance. Grades of up to 30% copper at the nearby Big Elk Prospect have previously been reported near surface.
The Monitor Copper Gold Project straddles the Montana and Idaho border, approximately 5 miles south of Taft Idaho USA.
About the Monitor Claim Group:
Transatlantic has a drill permit in place to commence drilling activities at the Big Elk prospect as part of its joint venture agreement within the greater Monitor Copper Gold project.
"No drilling has been completed on the Big Elk prospect historically, and with copper anomalism on the surface, the company looks forward to its maiden drill program to test the depth and strike extents of its surface copper expression,"?commented Bernie Sostak, CEO of Transatlantic Mining.
Review by Qualified Person
Aslam Awan PhD MAusIMM (CP Geo) is the Qualified Person pursuant to National Instrument 43-101 for having reviewed, only the technical information contained in this news release. Mr Awan is the Principal for AAA Geo Consultants:
To view the source version of this press release, please visit?https://www.newsfilecorp.com/release/178731. ?
Bank of Montreal (TSX: BMO)?reported a decline in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover potential losses from loan defaults. BMO said it set aside C$492 million to cover for credit losses compared with C$136 million a year ago. At Bank of Montreal, net interest income for the quarter rose to C$4.91 billion, compared with C$4.20 billion last year. The bank reported adjusted net income of C$2.04 billion, or C$2.78 per share, in the three months ended July 31, compared with C$2.13 billion, or C$3.09 apiece, a year earlier. Bank of Nova Scotia (TSX: BNS)?posted a drop in third-quarter adjusted profit as the Canadian bank set aside more funds to cover potential losses from loan defaults. Excluding one-off items, Scotiabank's net income came in at C$2.23 billion, or C$1.73 per share for the three months ended July 31, compared with C$2.61 billion, or C$2.10 per share, in the year-ago quarter. COMPANIES REPORTING? Bank of Montreal: Expected Q3 earnings of C$3.13 per share Bank of Nova Scotia: Expected Q3 earnings of C$1.74 per share CORPORATE DATA (EDT) 0715?Bank of Montreal: Q3 earnings conference call 0815?Bank of Nova Scotia: Q3 earnings conference call EX-DIV Amerigo Resources Ltd: Amount C$0.03 Metro Inc: Amount C$0.30 Sun Life Financial Inc: Amount C$0.75
World Markets
?50 futures?were up 9 points at 4,315?FTSE futures?added 53.5 points to 7,408 and?German DAX futures?gained 31 points at 15,862 by 0430 GMT. Japan's?Nikkei?share average advanced to a two-week high, buoyed by overnight gains in?Wall Street, although continued concerns about China limited the upside. Oil?prices traded flat as worries that further possible U.S. interest rate hikes could pull down demand were countered by concerns a tropical storm off the U.S. Gulf Coast may impact supply. S&P 500 Index Mini Futures: 4,445.00; up 0.06%; 2.75 points DJIA Mini Futures: 34,608.00; up 0.04%; 14 points Nikkei: 32,282.13; up 0.35%; 112.14 points MSCI Asia, Ex-JP: 501.25; up 0.77%; 3.85 points EUR/USD: $1.0826; up 0.06%; 0.0007 point GBP/USD: $1.2622; up 0.13%; 0.0017 point USD/JPY: 146.48 yen; down 0.05%; 0.07 point Spot Gold: $1,924.14; up 0.23%; $4.48 U.S. Crude: $80.08; down 0.02%; $0.02 Brent Crude: $84.44; up 0.02%; $0.02 10-Yr U.S. Treasury Yield: 4.1912%; down 0.02 point 10-Yr Bund Yield: 2.5550%; down 0.01 point
US
The?S&P 500?and?Nasdaq Composite?rose 0.6% and 0.8%, respectively, while the Dow ended more than 200 points higher for a gain of about 0.6%. Nonetheless, stocks had a?rough August?and all three indexes are on pace to end the month lower. The Dow is on track to finish 2.8% lower, while the S&P 500 and Nasdaq are poised for losses of 3.4% and 4.5%, respectively. Today investors will be watching ?earnings from?Best Buy?and?HP, as well as data on home prices, job openings and consumer confidence.
3M Co: The company said it had agreed to pay $6 billion to settle nearly 260,000 lawsuits accusing it of selling defective combat earplugs that caused hearing loss in hundreds of thousands of current and former U.S. military service members. Under the agreement, 3M will contribute a total amount of $6 billion between 2023 and 2029, which is structured under the agreement to include $5 billion in cash and $1 billion in 3M common stock, the company said. The industrial giant said it will record a pre-tax charge of about $4.2 billion in the third quarter of 2023. Alphabet Inc,?Meta Platforms Inc,?Microsoft Corp?and?Tesla Inc: A U.S. judge plans to free Alphabet's Google from having to defend against a class action by 21 million consumers who claimed it violated federal antitrust law by overcharging them in its Google Play app store. Monday's decision by U.S. District Judge James Donato in San Francisco could significantly reduce damages that Google, a unit of Alphabet, might owe over the distribution of Android mobile applications. Separately, U.S. Senate Majority Leader Chuck Schumer will host tech leaders including Tesla CEO Elon Musk, Meta Platforms CEO Mark Zuckerberg and Alphabet CEO Sundar Pichai at an artificial intelligence forum on Sept. 13, Schumer's office said on Monday. Bank of New York Mellon: A U.S. judge on Monday dismissed most of a lawsuit where Germany's Commerzbank sought to hold Bank of New York Mellon liable for more than $1 billion of losses on toxic mortgages purchased before the 2008 global financial crisis. The securities had been issued from 72 residential mortgage-backed securities (RMBS) trusts and a collateralized debt obligation that had been backed by home loans from Countrywide, NovaStar and other lenders. Daniels also said recent rulings including a June decision by New York state's highest court, the Court of Appeals, required dismissal of Commerzbank's negligence claims because they essentially duplicated its breach-of-contract claims.
Best Buy Co Inc: The top U.S. electronics retailer reported a smaller-than-expected drop in quarterly comparable sales, as deeper discounts encouraged bargain-hunting Americans to shop for high-end products like televisions and laptops. Over the last year, surging interest rates and rental costs have weighed on demand for non-essential products and Best Buy has been offering heavy promotions to lure customers and boost sales of electronics. The company's comparable sales fell 6.2% in the second quarter ended July 29, compared with analysts' estimates of a 6.92% drop. Still, the retailer cut the top end of its annual revenue and comparable sales forecast.? BioNTech SE,?Moderna Inc?&?Pfizer Inc: Pfizer and BioNTech asked a U.S. government tribunal on Monday to cancel patents on COVID-19 vaccine technology that rival Moderna has accused the companies of infringing. Pfizer and its German partner told the U.S. Patent Office's Patent Trial and Appeal Board that the two Moderna patents are "unimaginably broad" and cover a "basic idea that was known long before" their invention date of 2015. Pfizer said in a statement on Monday that it and BioNTech's vaccine was "based on BioNTech's proprietary mRNA technology and developed by both BioNTech and Pfizer," and that they remain confident in their intellectual property. Chevron Corp: The company's two major liquefied natural gas (LNG) production facilities in Australia could face daily work stoppages of up to 10 hours next week after unions threatened labour action in a dispute over pay and conditions. Chevron's Gorgon and Wheatstone projects account for more than 5% of global LNG capacity, and news of the possible strikes sent European natural gas prices surging. The unions still have the option to call off the strikes if their terms are met. The unions last week warned that work stoppages could cost Chevron billions of dollars. Concerns over possible industrial actions at the LNG facilities of Woodside and Chevron - which account for one-tenth of global supplies - has stoked extreme price volatility in global LNG markets in recent weeks. Intel Corp: The company on Monday said a new data center chip coming out next year will handle more than double the amount of computing work that can be done for each watt of power used, part of a broader industry push to lower electricity consumption. At a semiconductor technology conference held at Stanford University in Silicon Valley, Intel said its "Sierra Forest" chip will have 240% better performance per watt than its current generation of data center chip, the first time the company has disclosed such figures. Intel, which has lost market share to AMD and Ampere in data centers, said on Monday its "Sierra Forest" chip is on track to arrive next year. Meta Platforms Inc: The tech giant's decision to block news links in Canada this month has had almost no impact on Canadians' usage of Facebook, data from independent tracking firms indicated, as the company faces scorching criticism from the Canadian government over the move. Daily active users of Facebook and time spent on the app in Canada have stayed roughly unchanged since parent company Meta started blocking news there at the start of August. The estimates, while early, appear to support Meta's contention that news holds little value for the company as it remains locked in a tense standoff in Canada over a new law requiring internet giants to pay publishers for the news articles shared on their platforms. Norfolk Southern Corp: The company said it has restored all rail systems after the U.S. railroad operator experienced a hardware-related outage that affected its operations earlier on Monday. All systems were restored at 0700 pm ET, the company said, adding that it expects the impact on its operations to last at least a couple of weeks. There is no indication that the outage was a cybersecurity incident, Norfolk said, without disclosing further details. The company said it has been in touch with its customers to work on updated timings for their shipments. ECONOMIC DATA (EDT) 0900?Monthly home price mm?for June: Prior 0.7% 0900?Monthly home price yy?for June: Prior 2.8% 0900?Monthly Home Price Index?for June: Prior 404.1 0900?CaseShiller 20 mm SA?for June: Expected 0.8%; Prior 1.0% 0900?CaseShiller 20 mm NSA?for June: Prior 1.5% 0900?CaseShiller 20 yy NSA?for June: Expected -1.3%; Prior -1.7% 1000?Consumer Confidence?for Aug: Expected 116.0; Prior 117.0 1000?JOLTS job openings?for July: Expected 9.465 mln; Prior 9.582 mln 1030?Texas Service Sector Outlook?for Aug: Prior -4.2 1030?Dallas Federal Services Revenues?for Aug: Prior 12.9
Europe, Asia, India
Toyota Motor?will suspend operations at all of its assembly plants in Japan from Tuesday afternoon due to a malfunction with its production system, it said, likely bringing domestic output to a standstill for the world's top automaker. U.S. Commerce Secretary?Gina Raimondo?discussed concerns about restrictions on American businesses including?Intel?and?Micron Technology?with Chinese Commerce Minister?Wang Wentao?on Monday in a meeting where the two countries also agreed to start exchanging information on export controls. Prices in?British store chains?rose in August at the slowest pace in nearly a year, according to industry data that offers further relief for consumers hit by high inflation and for the?Bank of England?which is trying to quash it.
Petroleo Brasileiro S.A.: Chinese state-owned oil and gas giant CNOOC has signed a strategic cooperation agreement with the Brazilian state oil firm, Chinese government-backed media outlet The Paper reported. The agreement stated that the companies would deepen cooperation in refining and chemical engineering, engineering construction and oilfield services, green and low-carbon energy, and crude oil trade, The Paper reported. Toyota Motor Corp: The Japanese automaker said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world's biggest-selling automaker. The glitch is preventing Toyota from ordering components and its cause is under investigation, though it is "likely not due to a cyberattack", a spokesperson said. Toyota suspended 12 plants in its home market from Tuesday morning and added the final two from the afternoon, the spokesperson said. The plants together account for about a third of the automaker's global production, Reuters calculations showed. Toyota's domestic production had been on the rebound after a series of output cuts it blamed on semiconductor shortage.? UBS Group AG: UBS and Inside Paradeplatz have settled a lawsuit initially brought against the popular Zurich based finance blog by Credit Suisse, the publication said. As part of the settlement, Inside Paradeplatz agreed to delete or amend user comments and three passages from posts. A spokesperson for UBS confirmed that the Swiss bank and blog had settled the case. Credit Suisse launched a lawsuit against the blog, widely read in Swiss finance circles, in December over user comments left under posts. It is the second Credit Suisse case that UBS has resolved since taking over its former rival and inheriting its legal battles. Italy approved two decrees providing for the economy ministry to take a stake of up to 20% in?Telecom Italia's?landline grid. A U.S. judge on Monday dismissed most of a lawsuit where Germany's?Commerzbank?sought to hold?Bank of New York Mellon?liable for more than $1 billion of losses on toxic mortgages purchased before the 2008 global financial crisis. Shares of Spanish solar panel company?EiDF Solar?plunged 70% on Monday, wiping 1.2 billion euros off its market capitalisation, as trading in the stock resumed after a four-month suspension.?
An investigation of Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities and limits on the holdings of offshore funds, two sources with direct knowledge of the matter said.
Reliance Industries on Monday appointed the three children of Chairman Mukesh Ambani as board directors at the oil-to-telecoms conglomerate, as the billionaire prepares to eventually hand over the reins.
U.S.-based private equity firm Tiger Global on Monday sold its remaining stake in Indian food delivery firm Zomato in a deal valued at $136.08 million, according to exchange data.
Skyroot Aerospace, which launched India's first private rocket in 2022, aims to double its planned launches starting next year on a likely boost to the country's fledgling private space sector from the success of the Chandrayaan-3 moon mission. ?
ECONOMIC DATA (GMT) 0600?Germany GfK Consumer Sentiment?for Sep: Expected -24.3; Prior -24.4 0600?Sweden GDP Final YY?for Q2: Expected -1.0%; Prior -2.4% 0600?Sweden GDP Final QQ?for Q2: Expected -1.3%; Prior -1.5% 0600?Sweden Retail Sales MM?for July: Prior -0.3% 0600?Sweden Retail Sales YY?for July: Prior? -4.4% 0600?Sweden Trade Balance?for July: Prior 1.1 bln SEK 0600?Sweden Swedish Exports?for July: Prior 176.5 bln SEK 0600?Sweden Swedish Imports?for July: Prior 175.4 bln SEK 0645?France Consumer Confidence?for Aug: Expected 85; Prior 85 0700?Spain Retail Sales YY?for July: Prior 6.4% 0800?Austria Purchasing Managers Index?for Aug: Prior 38.8
Refined Substance Inc.
Expertise. Refined for mining.
Prospectors & Developers Association of Canada
PDAC 2024 3rd-6th Marchnbsp;
Are you looking for a Issuer Designated Market Maker / Liquidity Provider on your Listed Company, happy to discuss further.
Source (but not limited too) Reuters, CNBC, Financial Post, Financial Times, Globe & Mail, InvestorIntel, Kitco, Refinitiv
If?you wish to be?added or unsubscribed, please contact me.