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The Phase 3 Failure That Sent Biotech Winners and Losers in Opposite DirectionsBridgeBio Pharma NASDAQ: BBIO reported continued growth for its ATTR cardiomyopathy treatment Attruby in the second quarter of 2026, while advancing three late-stage programs into regulatory review and expanding commercial preparations for potential launches over the next year.

Chief Executive Officer Neil Kumar described the period as a transition point for the company, citing the commercial progress of Attruby, regulatory submissions for programs in limb-girdle muscular dystrophy type 2I, autosomal dominant hypocalcemia type 1 and achondroplasia, and the start of a Phase III trial in chronic hypoparathyroidism.

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Attruby Revenue Rises as First-Line Use Expands BridgeBio's Volatile Week Puts Biotech Stocks Under a MicroscopeAttruby generated $222.4 million in net product revenue during the second quarter, up from $71.5 million a year earlier and representing another sequential increase of more than $35 million. Chief Commercial Officer Matt Outten said growth was led by treatment-naive, first-line patients, while the pool of patients switching from Pfizer’s Vyndaqel had normalized after a period of elevated switching activity.

“The engine is the first-line,” Outten said, adding that BridgeBio’s first-line share increased in a market that was broadly stable sequentially. Kumar said Attruby was the fastest-growing brand in the category, with 23% growth during the quarter, while the overall market grew 19%.

Management said it expects clinical differentiation to remain central to Attruby’s commercialization. Kumar highlighted data published in Circulation: Heart Failure that BridgeBio said showed early and sustained kidney-protective effects for acoramidis, the active ingredient in Attruby, in patients with ATTR cardiomyopathy. The company said the analysis included improvement in chronic eGFR slope and reductions in urinary albumin-to-creatinine ratio.

BridgeBio also cited real-world analyses comparing Attruby with tafamidis. Kumar said an independent propensity score-matched study associated Attruby with a 37% reduction in composite cardiovascular events and a 34% reduction in hospitalizations at six months versus tafamidis. A separate company analysis showed a 34% reduction in diuretic intensification, heart-failure hospitalization and mortality, according to Kumar.

Management said the failure of the CARDIO-TTRansform study’s primary endpoint, which evaluated eplontersen in ATTR cardiomyopathy, could reinforce stabilization therapy as a first-line standard. However, executives said they were awaiting fuller data from the study before updating expectations for Attruby’s long-term market share.

BridgeBio said it remains on track for acoramidis to reach blockbuster worldwide sales in 2026, including sales of Beyonttra outside the U.S. recorded by its partners. Outten emphasized that this target was not a forecast specifically for U.S. Attruby net product revenue.

Three Programs Move Toward Potential Approval BridgeBio said all three of its late-stage programs moved into regulatory review during the quarter.

BBP-418 for LGMD2I/R9: The FDA accepted the new drug application on May 27 with priority review. The PDUFA target action date is Nov. 27, 2026, and no advisory committee meeting is planned. Kumar said the treatment could become the first approved therapy for LGMD2I, which the company said affects more than 1,000 patients in the U.S. BridgeBio’s commercial team is already in the field, and the company said it has identified more than 1,500 genetically confirmed patients. Encaleret for ADH1: The FDA accepted the NDA on July 22 and granted priority review. The PDUFA target action date is May 8, 2027, with no advisory committee currently planned. BridgeBio also submitted a marketing authorization application to the European Medicines Agency. The company said more than 2,200 patients had been identified through ICD-10 claims data between October 2023 and June 2026. Infigratinib for achondroplasia: BridgeBio said it has submitted its NDA and is targeting FDA acceptance, potentially including priority review, in the fourth quarter of 2026, with a potential approval in mid-2027. The company said infigratinib could be the first oral FGFR3-targeted treatment for achondroplasia if approved. Kumar said infigratinib demonstrated a statistically significant improvement in arm span in the Phase III PROPEL 3 study, which was published in The New England Journal of Medicine. The company is building its commercial field organization for a market where injectable competitors are already available.

Chronic Hypoparathyroidism Trial Begins BridgeBio also began screening patients in RECLAIM-HP, its global Phase III trial of encaleret in chronic hypoparathyroidism. The company expects top-line results within approximately 18 months.

Management said chronic hypoparathyroidism affects about 200,000 people in the U.S. and Europe. Kumar argued that encaleret could offer an oral alternative designed to address both low serum calcium and excess urinary calcium. He cited a Phase II proof-of-concept study in which 80% of postsurgical hypoparathyroidism patients receiving encaleret achieved normal blood and urine calcium levels within five days.

Financial Results and Capital Position Total second-quarter revenue was $243.7 million, compared with $110.6 million in the year-earlier period. The increase was driven primarily by higher Attruby revenue. Royalty revenue rose to $15.4 million from $1.6 million, largely reflecting Beyonttra sales in Europe and Japan.

Operating expenses increased to $335.7 million from $241.2 million as BridgeBio expanded sales, marketing, medical affairs and pre-commercial supply activities. The company recorded a loss from operations of $107.1 million, an improvement from a $134.3 million operating loss a year earlier.

BridgeBio ended June with $720.2 million in cash, cash equivalents and marketable securities. After closing a $1 billion preferred equity investment led by Sixth Street on July 1, with participation from HealthCare Royalty Partners, the company said its cash balance was approximately $1.7 billion.

President and Chief Financial Officer Tom Trimarchi said the capital position is intended to support operating activities, continued Attruby investment and three potential launches over the next 12 months. Management said it expects operating results to remain relatively stable over the next several quarters before improving toward break-even as launch investments reach a steadier level and revenue grows.

About BridgeBio Pharma (NASDAQ:BBIO)BridgeBio Pharma, Inc is a clinical-stage biopharmaceutical company headquartered in Palo Alto, California. Founded in 2015 by Neil Kumar, the company is dedicated to discovering, developing and delivering transformative medicines for patients with genetic diseases and cancers. BridgeBio operates an integrated model that spans target identification, preclinical research, clinical development and commercialization, aiming to streamline the process from bench to bedside.

BridgeBio's pipeline comprises multiple therapeutic modalities, including small molecules, biologics and genetic therapies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in BridgeBio Pharma Right Now?Before you consider BridgeBio Pharma, you'll want to hear this.

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Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.

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In the latest trading session, Chewy (CHWY - Free Report) closed at $22.59, marking a -3.99% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.32%.

Coming into today, shares of the online pet store had gained 12.69% in the past month. In that same time, the Retail-Wholesale sector gained 7.55%, while the S&P 500 gained 3.42%.

The investment community will be paying close attention to the earnings performance of Chewy in its upcoming release. In that report, analysts expect Chewy to post earnings of $0.36 per share. This would mark year-over-year growth of 9.09%. Meanwhile, our latest consensus estimate is calling for revenue of $3.32 billion, up 6.83% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.53 per share and revenue of $13.49 billion, indicating changes of +20.47% and +7.2%, respectively, compared to the previous year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chewy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Chewy presently features a Zacks Rank of #4 (Sell).

Digging into valuation, Chewy currently has a Forward P/E ratio of 15.4. For comparison, its industry has an average Forward P/E of 18.55, which means Chewy is trading at a discount to the group.

It's also important to note that CHWY currently trades at a PEG ratio of 0.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.18.

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 163, finds itself in the bottom 34% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

AST SpaceMobile’s Latest BlueBird Launch Raises the Stakes Ahead of Q2 EarningsAST SpaceMobile NASDAQ: ASTS reported second-quarter 2026 revenue of $31.5 million and reiterated its full-year revenue guidance of $150 million to $200 million, as the company continued to build satellites, deploy mobile-network infrastructure and pursue government applications for its space-based cellular broadband network.

The company said quarterly revenue more than doubled from the first quarter, driven primarily by commercial gateway deliveries and milestone achievements under U.S. government contracts. President Scott Wisniewski said AST delivered against 13 gateways for seven customers across five continents during the quarter.

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AST SpaceMobile Sets Launch Date Ahead of Key Q2 Earnings TestManagement said it expects revenue to increase sequentially through 2026, though CFO and Chief Legal Officer Andy Johnson said results will likely be weighted toward the fourth quarter because of the timing of equipment sales, contract awards and government milestones.

Satellite deployment and manufacturing plans Chairman and CEO Abel Avellan said BlueBird 14 through 16 were in final testing and nearing completion, while BlueBird 17 through 46 were in various stages of production and assembly. Johnson said BlueBird 14 through 16 were expected to be ready to ship shortly.

Amazon’s Satellite Push Raises the Stakes for SpaceX and AST SpaceMobileAST SpaceMobile is targeting approximately 45 BlueBird satellites in orbit by early 2027, which management said could enable continuous service across key markets including the U.S., Europe and Japan. The company also said it expects to begin consumer-focused beta capabilities later in 2026, though the timing and structure of any customer rollout will be determined with carrier partners.

The company is aiming for a manufacturing cadence of six fully assembled satellites per month. Avellan said AST currently has more than 500,000 square feet of manufacturing and operations space globally and recently announced plans for an additional 400,000-square-foot facility in Midland, Texas. Once completed, the company expects its global manufacturing and operations footprint to exceed 1 million square feet, including more than 900,000 square feet in the U.S.

Wisniewski said the company has 10 launches booked with two launch providers, excluding Blue Origin, and is targeting an average launch cadence of roughly every month or two. He said AST was not relying on Blue Origin in its current planning assumptions, despite the provider’s progress in addressing a prior launch anomaly.

Johnson reiterated AST’s estimated average capital cost of $21 million to $23 million per satellite for a constellation of more than 90 BlueBird satellites. That estimate includes direct materials, labor and launch costs, excluding certain initial satellites used for validation.

Commercial partners, spectrum and network infrastructure AST said its mobile network operator ecosystem has grown to more than 60 partners serving more than 3 billion subscribers collectively. Its named partners include AT&T, Verizon, Vodafone, Rakuten, stc Group, Bell Canada and Telus.

Avellan said the company’s network is designed to extend existing terrestrial cellular networks rather than compete with mobile operators. AST is preparing for beta service in selected markets and said it has roughly 50 gateways globally in various stages of completion, installation and planning.

In the U.S., AST said it has deployed more than 3,000 low-band cellular cells and expects to deploy the remaining infrastructure needed to cover roughly 5,600 cellular cells nationwide during 2026.

Management also emphasized its spectrum position. Avellan said AST’s satellite technology can tune approximately 1,150 megahertz of low-band and mid-band spectrum globally, with C-band capability planned for the future. The company said it is working toward about 100 megahertz of spectrum access in the U.S. through a combination of partner-provided spectrum and spectrum it controls.

During the analyst question session, Avellan said the company’s current “Micron” satellite systems are focused on low-band capabilities, while production of mid-band capability is expected to begin later in 2026 for launches beginning early in 2027. He said the company is developing a third-generation ASIC architecture incorporating L-band, mobile satellite service spectrum, mid-band and C-band capabilities, while continuing to use different phased arrays for separate spectrum blocks.

Government backlog and expanded applications AST reported an approximately $1.3 billion revenue backlog consisting of aggregated contracted revenue, partner agreements and U.S. government contract awards. Wisniewski said government represented a minority of the total backlog, although recent additions were primarily government-related.

The company said it received three U.S. government contract awards with funded near-term value of more than $100 million expected during 2026 and 2027. Wisniewski said AST expects the government opportunity to scale into what he described as a recurring multibillion-dollar annual opportunity beginning in 2027, though the company did not provide further details on the awards.

Management highlighted applications beyond direct-to-device communications, including radar, secure communications, emergency response, Internet of Things services and AI edge computing. Avellan said radar applications in the U.S. use government spectrum and rely on the company’s large phased-array antennas and satellite sensitivity.

AST also discussed a preliminary selection tied to Japan’s low-Earth-orbit satellite infrastructure development project, or J-LEO. The company said the project, subject to government approvals and final agreements with Rakuten, could provide up to approximately $1 billion in non-dilutive, non-debt government capital. Avellan said Japanese-flagged satellites would use the same architecture as the broader constellation and could be deployed globally.

Spending and liquidity Non-GAAP adjusted operating expenses totaled $119.1 million in the second quarter, up from $91.2 million in the first quarter. Excluding adjusted cost of revenues, expenses were $95.9 million, near the high end of the company’s prior $85 million to $95 million guidance range.

Capital expenditures were approximately $610 million, compared with $257 million in the first quarter, largely reflecting launch-contract payments and satellite materials and labor. For the third quarter, AST forecast adjusted operating expenses excluding cost of revenue of $105 million to $115 million and capital expenditures of $350 million to $425 million.

In July, AST completed a $1.15 billion convertible senior notes offering due in 2034, carrying a 1.625% coupon. Johnson said that, including the offering’s gross proceeds, cash, cash equivalents and restricted cash totaled more than $3.7 billion on a pro forma basis as of June 30.

About AST SpaceMobile (NASDAQ:ASTS)AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company's core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in AST SpaceMobile Right Now?Before you consider AST SpaceMobile, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AST SpaceMobile wasn't on the list.

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Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.

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Trump Media & Technology Group on Monday reported a net loss of more than $238 million for its fiscal second quarter on revenue of less than $2 million.

That loss, which dwarfed the almost $20 million it lost in the same period last year, was primarily due to declines in non-cash assets, including more than $190 million in losses from "digital assets, digital assets pledged, and equity securities," the company said in a press release.

The company's $1.7 million in quarterly revenue mostly came through ad services on Truth Social, TMTG's flagship social media product, which is used by President Donald Trump. That revenue marked an 89% increase from the year-ago quarter.

The New York Times reported earlier Monday that Truth Social's traffic — which already paled in comparison to similar platforms, such as Elon Musk's X — fell sharply this summer.

TMTG's quarterly operating expenses of more than $165 million were roughly 275% higher year over year.

"Our operating expenses are largely impacted by the price volatility of digital assets," Chief Financial Officer Phillip Juhan said during the company's first-ever earnings call.

The company also provided new details about Truth API, its controversial new service offering faster access to Trump's Truth Social posts.

TMTG said it has signed "more than 10 customer agreements to date," adding that those clients are "primarily high-frequency trading firms" and are paying rates of $60,000 to $100,000 a month, the company confirmed.

Trump Media & Technology was created after Trump was temporarily suspended from social media platforms in the wake of the Jan. 6, 2021, Capitol riot. It went public through a merger with a special purpose acquisition company and started trading on the Nasdaq in 2024 under the ticker DJT, which match the president's initials.

Truth Social was the company's first product, but it later expanded into a variety of other industries, including crypto, financial services and fusion power.

TMTG interim CEO Kevin McGurn told Axios on Friday that the company is pulling back from two agreements it struck with Crypto.com as it focuses on its media business and a pending merger with TAE, the fusion energy firm.

McGurn said in Monday's earnings call that the combination with TAE is "the single most important driver of long-term value for this company."

There are currently no commercial plants producing electricity using fusion tech.

TMTG stock, which is now worth a fraction of what it fetched when it first started trading, closed down 8% Monday.

Quantum Computing Inc. (QUBT - Free Report) came out with a quarterly loss of $0.05 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of +60%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Quantum Computing Inc., which belongs to the Zacks Internet - Software industry, posted revenues of $5.55 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 18.11%. This compares to year-ago revenues of $0.06 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Quantum Computing Inc. shares have lost about 10.5% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for Quantum Computing Inc.?While Quantum Computing Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Quantum Computing Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $6.25 million in revenues for the coming quarter and -$0.14 on $21.67 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

A2Z Cust2Mate Solutions Corp. (AZ - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.

This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of +48.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

A2Z Cust2Mate Solutions Corp.'s revenues are expected to be $3.4 million, up 193.1% from the year-ago quarter.

Amentum Holdings (AMTM - Free Report) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +6.35%. A quarter ago, it was expected that this government services company would post earnings of $0.58 per share when it actually produced earnings of $0.6, delivering a surprise of +3.45%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Amentum, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $3.49 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 2.97%. This compares to year-ago revenues of $3.56 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Amentum shares have lost about 14.6% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for Amentum?While Amentum has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Amentum was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $3.89 billion in revenues for the coming quarter and $2.46 on $14.2 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Engineering - R and D Services is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Matrix Service (MTRX - Free Report) , is yet to report results for the quarter ended June 2026.

This energy services company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +160.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Matrix Service's revenues are expected to be $247.06 million, up 14.2% from the year-ago quarter.

New Feasibility Study Shows Project Economics Including an Average Annual EBITDA2 of $608 Million, Life-of-Mine Revenue of $37.4 Billion with a Pre-Tax NPV8% of $4.1 Billion (After-Tax NPV8% of $3.4 Billion) and Pre-Tax IRR of 24% (After-Tax IRR of 22.8%)

Expanded Product Mix is Expected to Generate Revenue of $815/Ton of Ore Against Average Operating Costs of $255/Ton, Creating a More Robust and Diversified Revenue Profile

Proven and Probable Mineral Reserves of 45.9 Million Tons Support a 40-Year Operating Mine Life, with Additional Mineral Resources Providing Potential for Future Expansion

NioCorp's Integrated Mine and Processing Plant in Nebraska Expected to Reduce U.S. Import Reliance on Eight Different Imported Critical Minerals: Ferroniobium, Scandium Trioxide, Titanium Tetrachloride, Terbium Oxide, Dysprosium Oxide, NdPr Oxide, SEG Carbonate, and Heavy Rare Earth Carbonate

Diversified Revenue Stream Expected to Reduce NioCorp's Exposure to Market Concentration, Export Controls, and Pricing Volatility Associated with China-Dominated Supply Chains

Upfront Capital Estimate of $1.85 Billion Reflects a Substantially Redesigned Processing Plant and Mining Operation Producing Eight Critical Minerals and Significant Inflationary Impacts Since the Previous Feasibility Study

Completion of NioCorp's Feasibility Study Will Satisfy a Key U.S. Export-Import ("EXIM") Bank Due Diligence Requirement; Company Now Expects to Advance to the Next Step of Detailed Engineering and Engineering, Procurement and Construction ("EPC") Contracting

NioCorp to Host Live Investor Webcast on Tuesday, August 11 at 10:00 AM ET. Register Here to Participate.

CENTENNIAL, CO / ACCESS Newswire / August 10, 2026 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB) is pleased to report the results of an updated Feasibility Study (the "2026 Feasibility Study") for its Elk Creek Critical Minerals Project (the "Elk Creek Project") outlining the project's evolution into a 40-year, integrated U.S. operation with a Net Present Value exceeding $4 billion that is expected to produce eight critical-mineral products from a single ore body.

The 2026 Feasibility Study estimates a pre-tax net present value at an 8% discount ("NPV8%") of $4.1 billion, an after-tax NPV8% of $3.4 billion, a pre-tax Internal Rate of Return ("IRR") of 24% and an after-tax IRR of 22.8%. Over the projected mine life, the Elk Creek Project is projected to generate approximately $37.4 billion in life-of-mine ("LoM") revenue, $608 million in average annual EBITDA2, and $519 million in average annual operating cash flow.

The Elk Creek Project is expected to produce eight products, all designated by the U.S. Government as critical minerals: ferroniobium ("FeNb"), scandium trioxide ("Sc2O3"), titanium tetrachloride ("TiCl4"), and several rare earth oxide products, including neodymium-praseodymium oxide ("NdPr"), dysprosium oxide ("Dy") and terbium oxide ("Tb"), samarium-europium-gadolinium ("SEG") carbonate, and heavy rare earth carbonate. This expanded product suite creates a more diversified revenue profile while positioning the Elk Creek Project to serve multiple U.S. critical-mineral and defense supply chains from an integrated mine and processing facility that has secured its major construction-related permits.

A technical report summarizing the 2026 Feasibility Study (the "2026 Technical Report") was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for the Company by Dahrouge Geological Consulting Ltd. and the other Qualified Persons and has been filed on SEDAR+. The 2026 Technical Report can be accessed here.

"Our 2026 Feasibility Study transforms the Elk Creek Project into the kind of critical minerals project the United States needs to have online as soon as possible," said Mark A. Smith, CEO and Executive Chairman of NioCorp. "Few critical minerals projects in the U.S. can match the Elk Creek Project's combination of a 40-year mine life, all major construction-related permits already in hand, and the planned production of eight critical mineral products from a single ore body."

"The United States is heavily reliant on imports for every single one of the products that NioCorp plans to manufacture," Mr. Smith said. "NioCorp offers an American-made solution: secure, long-term domestic production of materials essential to national defense, advanced manufacturing, energy resilience, and the technologies that will power the U.S. economy for decades to come."

"For NioCorp, this feasibility study delivers a larger, stronger, and more highly de-risked project," he added. "Eight products give us access to more markets, create multiple and highly diversified revenue streams, and reduce our exposure to the price of any one critical mineral. Combined with stronger economics and a 40-year mine life, we are now in a much stronger position to advance detailed engineering and project financing. Our job now is to turn this highly unique and important opportunity in Nebraska into a new source of American jobs, industrial strength, and critical mineral security right here at home."

A Diversified, Long-Life, Eight-Product Operation

The 2026 Feasibility Study's updated economics incorporate the expanded product offering, revised mine and processing design, an updated Mineral Resource and Mineral Reserve and current capital and operating cost estimates. Key economic results are summarized in Table 1 below.

Table 1: Highlighted 2026 Elk Creek Project Feasibility Study Economic Results

2026 Elk Creek Feasibility Study Economic Results

Project Economics*

Pre-Tax NPV8% ($M)

$4,111

Pre-Tax IRR

24%

After-Tax NPV8% ($M)

$3,441

After-Tax IRR

22.8%

After-Tax Payback Period (years)

2.93

Total Upfront CAPEX ($M)3

$1,849

Mine Life (years)

40

LoM Gross Revenue ($M)

$37,435

Niobium

$9,780

Scandium

$14,331

Titanium

$3,945

TREOs

$9,378

NdPr Oxide

$3,255

Dy Oxide

$3,137

Tb Oxide

$2,827

SEG Carbonate

$113

Heavy Rare Earth Carbonate

$46

Average Annual EBITDA2 over LoM ($M)

$608

Average EBITDA Margin2 over LoM (EBITDA as % of total revenue)

67%

Average Annual Operating Cash Flow over LoM ($M)

$519

Average Revenue Per Ton, LoM (US$/t)

$815

Average Annual Operating Cost, LoM (OPEX) (US$/t)

($255)

Effective Tax Rate

14.3%

Development Timeline (months)

35

LoM Average Production (Tons/year)

Ferroniobium

8,095

Scandium Oxide

118

Neodymium-Praseodymium Oxide

672

Terbium Oxide

17

Dysprosium Oxide

67

SEG Carbonate

354

Heavies Carbonate

262

Titanium Tetrachloride

59,820

* Considers average realized prices of $23.80/lb FeNb, $1,563/lb Sc2O3, $0.85/lb TiCl4, $62.78/lb NdPr Oxide, $592.23/lb Dy Oxide, $2,048.14/lb Tb Oxide, $4.06/lb SEG Carbonate, $2.29/lb Heavy Rare Earth Carbonate

A Diversified Domestic Source of Critical Minerals in a Bifurcated Market

The addition of five rare-earth products materially changes the Elk Creek Project's revenue profile. Based on the 2026 Feasibility Study assumptions, no single product category is expected to account for more than 39% of revenue. This broader product mix gives the Elk Creek Project exposure to multiple critical-mineral markets, reduces its dependence on the pricing of any one product, and provides greater resilience against volatility or disruption in any single market.

Figure 1: Gross Revenue Breakdown (2022 Feasibility Study vs. 2026 Feasibility Study)

Figure 2: Gross Revenue, OPEX, and Gross Margin per Ton (2022 Feasibility Study vs. 2026 Feasibility Study)

The markets and pricing for scandium and the rare-earth products to be produced at the Elk Creek Project have become increasingly bifurcated between China and the rest of the world. China dominates global production and processing of these materials, but export restrictions on scandium and several heavy rare earths have constrained the availability of Chinese material to customers outside the country, contributing to materially higher prices in non-China markets. At the same time, demand is expanding across several high-growth sectors. For example, scandium is used in solid oxide fuel cells, which are increasingly being deployed to provide reliable, on-site power for energy-intensive artificial intelligence data centers, while neodymium, praseodymium, dysprosium and terbium are essential to the high-performance permanent magnets used in critical defense systems, electric vehicles, advanced automation, and robotics. Because the Elk Creek Project is expected to produce these materials in the United States for customers seeking a secure supply outside China, the economic model prepared for the 2026 Feasibility Study reflects pricing in the non-China markets that the Elk Creek Project is designed to serve.

Such pricing projections are based on assumptions and are subject to various risks described in the 2026 Technical Report, including, but not limited to, risks that anticipated demand drivers for scandium relating to artificial intelligence are not sustainable, international trade restrictions resulting in pricing bifurcation between China and the rest of the world relax, or that supply of such products increases from other sources.

Refined Mineral Processing Strategy Features Substantial Upgrades and Improvements

The 2026 Feasibility Study incorporates 12 years of engineering, metallurgical testing and mine-planning work across the Elk Creek Project. The updated design improves processing efficiency and yield, reduces reagent requirements, simplifies access to the underground mine, and supports greater electrification of the project's operations.

The redesigned production process adds calcination and ammonium chloride leaching ahead of the acid-leach stage, removing a substantial portion of acid-consuming species in the ore ahead of the introduction of mineral acid and thus reducing reagent consumption throughout the circuit. The updated design also eliminates the dedicated sulfuric acid plant contemplated in the 2022 Feasibility Study and instead uses on-site acid neutralization for sulfuric acid and hydrochloric acid regeneration to recover and reuse reagents.

Ongoing construction of the mine portal is establishing the future access point to the Elk Creek Project underground operations. From the mine portal, twin ramps will provide access from the surface to the ore body, replacing the twin shafts contemplated in the 2022 Feasibility Study and enabling the use of the Railveyor™ system for ore movement and electric underground haulage. NioCorp also plans to develop an on-site, behind-the-meter microgrid to supply a majority of the Elk Creek Project's electricity, eliminating reliance on the regional grid, and providing a reliable source of power over the operating life. Together, these changes are expected to improve project execution and operating efficiency.

Figure 3: 2026 Elk Creek Project Underground Mine Design (Cross Section View)

Updated Mineral Reserves Support a Long-Life Operation

The 2026 Feasibility Study establishes a larger and higher-confidence Mineral Reserve that supports a long-life operation at Elk Creek. As of April 2, 2026, the Elk Creek Mineral Reserve totals 45.9 million tons, comprising 7.6 million tons of Proven and 38.4 million tons of Probable Mineral Reserves. The 2026 estimate introduces a Proven Mineral Reserve for the first time, and for the first time includes rare earth elements in the Reserve, supporting the project's expanded suite of eight critical mineral products. The Reserve now supports a mine life of 40 years.

Table 2: Underground Mineral Reserves Estimate for Elk Creek, Effective Date April 2, 2026

Classification

Tonnage

Nb2O5 Grade (%)

FeNb (t)

Payable Nb (t)

TiO2 Grade (%)

Payable TiCl4 (t)

Sc Grade (ppm)

Payable Sc2O3 (t)

TREO Grade (ppm)

Payable TREO (t)

Proven

7,570,098

0.76

53,651

34,873

2.70

405,938

71.5

762

3,232

22,509

Probable

38,359,365

0.76

271,386

176,401

2.67

2,036,334

68.8

3,717

3,489

123,115

Total

45,929,462

0.76

325,038

211,274

2.68

2,442,272

69.3

4,479

3,446

145,625

See accompanying notes to this table in the Appendix of this press release.

The updated 2026 Mineral Resource estimate introduces a Measured category of 21.7 million tons, reports Indicated Mineral Resources of 187.4 million tons, and reports Inferred Mineral Resources of 169.2 million tons. The growth in the Mineral Resource, driven by additional drilling completed in 2025, suggests exploration and expansion potential that is not included in the current mine plan or economic analysis.

Table 3: Elk Creek Mineral Resource Estimate - Effective January 9, 2026

Classification

Cut-off NSR (US$/t)

Tonnage (Mt)

Nb₂O₅ (%)

TiO₂ (%)

Sc (g/t)

TREO (%)

Measured

218

21.7

0.61

2.46

69.1

0.35

Indicated

218

187.4

0.50

2.36

59.85

0.36

Measured + Indicated

218

209.1

0.51

2.38

60.81

0.36

Inferred

218

169.2

0.38

2.14

51.02

0.39

See accompanying notes to this table in the Appendix of this press release.

Potential for EXIM Financing Support

NioCorp continues to work with EXIM to advance the Elk Creek Project through EXIM's due diligence and loan application process. The completion of the 2026 Feasibility Study satisfies a key EXIM due diligence requirement reflected in the preliminary project letter that the Company received from EXIM in April 2024 (the "PPL"), and the Company now expects to advance to the next steps of the process relating to detailed engineering, procurement and construction contracting. The PPL included an indicative term sheet, which left open the total estimated amount of EXIM bank support and provided that the amount of EXIM financing that could be made available for the Elk Creek Project will be scaled based on the number of U.S. jobs supported, both during construction and over the life of EXIM's financing, subject to certain expectations regarding the ratio of debt-to-equity financing for the Elk Creek Project. The Company believes that the updated 2026 Feasibility Study, with its updated economic model, Mineral Resource and Mineral Reserve estimates, and increased job creation projections, demonstrates that the Elk Creek Project satisfies the criteria for increased EXIM financing as contemplated by the PPL. However, NioCorp is currently unable to estimate the total amount of EXIM financing, if any, as well as how long the application process, including additional project activities identified by EXIM, may take, and there can be no assurances that NioCorp will be able to successfully negotiate a final commitment of debt financing from EXIM, on acceptable terms, or at all.

TECHNICAL REPORT AND QUALIFIED PERSONS

The following 15 independent experts, each a Qualified Person as defined by NI 43-101, have reviewed, and approved the scientific and technical information and verified the data contained in this press release, which are derived from the 2026 Feasibility Study:

Jacob Anderson, CPG, MAusIMM, Resource Geologist, Dahrouge Geological Consulting Ltd.

Trevor Mills, P.G., SME-RM, Principal Geologist, Dahrouge Geological Consulting Ltd.

Gareth Flitton, CPG, Pr.Sci. Nat, Mining Geologist, Dahrouge Geological Consulting Ltd.

Eric Larochelle, B.Eng., SMH Process Innovation

Anthony (Tony) Linton, FEC, P.Eng., IntPE (Canada), Director, Engineering & Technical Services, Dumas Contracting USA Inc.

Scott G. Britton, P.E., Amplify Mine Planning

Troy Meyer, P.E., Chief Geotechnical Quality Engineer, BBA Consultants International LP, Tierra Group/BBA (formerly Tierra Group International, Ltd.)

Jason Byler, P.E., Olsson

Adrian Brown, P.E., President, Adrian Brown Consultants, Inc.

Patrick Andrieux, Ph.D., P.Eng., (ON, NT/NU), Eng. (QC), Principal Engineer, Andrieux & Associates Geomechanics Consulting, L.P.

David Winters, S.E., P.E., MBA, Senior Principal Engineer, Tetra Tech

Deepak Malhotra, Ph.D., SME (RM), DM Consulting

Sylvain Harton, P.Eng., President, Metallurgy Concept Solutions

Georgi Doundarov, M.Sc., P.Eng., PMP, CCP, CEO, Magemi Mining Inc.

B. Ting, P. Eng., MASc., T Engineering

Readers are encouraged to read the 2026 Technical Report in its entirety, including all qualifications, assumptions and exclusions that relate to the Mineral Reserve and Mineral Resource declaration. The 2026 Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context. The Mineral Resource statement for the Elk Creek Project included in this press release was prepared by Jacob Anderson, CPG, MAusIMM, Resource Geologist, Dahrouge Geological Consulting Ltd. The Mineral Reserve statement for the Elk Creek Project included in this press release was prepared under the supervision of Scott G. Britton, P.E, Amplify Mine Planning.

# # #

FOR MORE INFORMATION:

Jim Sims, Chief Communications Officer, NioCorp Developments Ltd., (720) 334-7066, [email protected]

Alex Guthrie, Director, Investor Relations, NioCorp Developments Ltd., (647) 999-0527, [email protected]

@NioCorp $NB #Niobium #Scandium #rareearth #neodymium #dysprosium #terbium #ElkCreek

ABOUT NIOCORP

NioCorp is developing the Elk Creek Project that is expected to produce niobium, scandium, and titanium and several rare earth products. Niobium is used to produce specialty alloys as well as High Strength, Low Alloy steel, which is a lighter, stronger steel used in automotive, structural, and pipeline applications. Scandium is a specialty metal that can be combined with Aluminum to make alloys with increased strength and improved corrosion resistance. Scandium is also a critical component of advanced solid oxide fuel cells. Titanium is used in various lightweight alloys and is a key component of pigments used in paper, paint and plastics and is also used for aerospace applications, armor, and medical implants. Magnetic rare earths, such as neodymium, praseodymium, terbium, and dysprosium are critical to the making of neodymium-iron-boron magnets, which are used across a wide variety of defense and civilian applications.

About Dahrouge Geological Consulting Ltd.

Dahrouge Geological Consulting Ltd. (DGC Canada), and its subsidiary, Dahrouge Geological Consulting USA Ltd. (DGC USA), advise and assist clients in identifying, exploring, and developing mineral projects. DGC manages projects of all scopes from grassroots exploration and resource delineation to pre-feasibility and feasibility level studies. Experienced project teams plan mineral projects based upon client needs, provide a detailed review of approach, and execute programs following industry-standard best practices.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of applicable Canadian securities laws (collectively "forward-looking statements"). Forward-looking statements may include, but are not limited to, statements related to the expected economics for the Elk Creek Project, including NPV, IRR, payback period, CAPEX, gross revenue, gross margin, EBITDA, operating cost and effective tax rate; future commodity price volatility and any possible reductions thereto; NioCorp's expectation that the Elk Creek Project will have over a 40-year mine life; statements regarding NioCorp's Mineral Resource and Mineral Reserve estimates; NioCorp's expectations related to the development timeline of 35 months; statements related to potential future expansion of the Elk Creek Project; NioCorp's expectation that the integrated mine and processing plan will reduce U.S. import reliance; effects on and benefits to the U.S. derived from NioCorp's future operations; NioCorp's expectation that a diversified revenue stream will reduce exposure to market concentration, export controls and pricing volatility associated with China-dominated supply chains; statements related to expected pricing for niobium, scandium, titanium and the rare earth products; statements regarding NioCorp's debt financing application process with EXIM; NioCorp's expectation of producing niobium, scandium, titanium and the rare earth products at the Elk Creek Project, including estimated production totals; NioCorp's confidence in and ability to secure sufficient project financing to complete construction of the Elk Creek Project and move it to commercial operation, as well as efforts and expenditures relating to the same; statements that demand for niobium, scandium, titanium and the rare earth products is expanding across several high-growth sectors; statements that NioCorp expects to produce its products in the United States; statements related to the expected design of the mine, including the mine portal, Railveyor™ system and behind-the-meter microgrid for electricity, as well as the expectation that these will improve project execution and operating efficiency; and trends in global geopolitics and their effects on NioCorp's operations. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on the current expectations of the management of NioCorp and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; the future price of and demand for metals, including Al-Sc alloy; the impact that Chinese restrictions have on pricing and demand, including the existence of a bifurcated market between China and the rest of the world; and the stability of the financial and capital markets. Such expectations and assumptions are inherently subject to uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements involve a number of risks, uncertainties or other factors that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made by NioCorp with the Securities and Exchange Commission and with the applicable Canadian securities regulatory authorities, as well as those risks identified in the 2026 Technical Report, and the following: NioCorp's requirement of significant additional capital; NioCorp's ability to receive sufficient project financing for the construction of the Elk Creek Project on acceptable terms, or at all; NioCorp's ability to achieve the required milestones and receive the full $10.0 million in reimbursement under the Project Sub-Agreement with Advanced Technology International, an entity acting on behalf of the Defense Industrial Base Consortium under the authority of the U.S. Department of War; NioCorp's ability to receive a final commitment of financing from EXIM or other debt financing or financial support on acceptable timelines, on acceptable terms, or at all; NioCorp's ability to continue to meet the listing standards of The Nasdaq Stock Market LLC; risks relating to NioCorp's common shares, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing; the extent to which NioCorp's level of indebtedness and/or the terms contained in agreements governing NioCorp's indebtedness, if any, or other agreements may impair NioCorp's ability to obtain additional financing, on acceptable terms, or at all; covenants contained in agreements with NioCorp's secured creditors that may affect its assets; NioCorp's limited operating history; NioCorp's history of losses; the material weaknesses in NioCorp's internal control over financial reporting, NioCorp's efforts to remediate such material weaknesses and the timing of remediation; the possibility that NioCorp may qualify as a passive foreign investment company under the U.S. Internal Revenue Code of 1986, as amended (the "Code"); the potential that the business combination with GX Acquisition Corp. II and other related transactions could result in NioCorp becoming subject to materially adverse U.S. federal income tax consequences as a result of the application of Section 7874 and related sections of the Code; changes in tax laws and regulations; cost increases for NioCorp's exploration and, if warranted, development projects; a disruption in, or failure of, NioCorp's information technology systems, including those related to cybersecurity; equipment and supply shortages; variations in the market demand for, and prices of, niobium, scandium, titanium and rare earth products, including a reduction of demand for scandium from a downturn in capital spending for artificial intelligence; impacts on the markets and pricing for scandium and rare earth products from the Chinese-based markets, including any future changes to export restrictions; current and future offtake agreements, joint ventures, and partnerships, including NioCorp's ability to negotiate extensions to existing agreements or to enter into new agreements, on favorable terms or at all; NioCorp's ability to attract qualified management; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; the results of metallurgical testing; the results of technological research; unexpected variations in the quantity of ore, grade or recovery rates, or the presence of deleterious elements that would affect the process plant or waste removal; unexpected geotechnical and hydrogeological conditions from what was assumed in the mine designs; changes in demand for and price of commodities (such as fuel and electricity) and currencies; competition in the mining industry; changes or disruptions in the securities markets; legislative, political or economic developments, including changes in federal and/or state laws that may significantly affect the mining and scandium alloy industries; trade policies and tensions, including tariffs and other export controls; inflationary pressures; the impacts of climate change, as well as actions taken or required by governments related to strengthening resilience in the face of potential impacts from climate change; changes in other environmental and social factors; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the timing and reliability of sampling and assay data; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of NioCorp's projects; risks of accidents, equipment breakdowns, and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining, development or scandium alloy production activities; management of the water balance at the Elk Creek Project site; land reclamation requirements related to the Elk Creek Project; the speculative nature of mineral exploration and development, including the risks of diminishing quantities of grades of reserves and resources; claims on the title to NioCorp's properties; the infringement or loss of NioCorp's intellectual property rights; potential future litigation; NioCorp's lack of insurance covering all of NioCorp's operations; and changes in operating and capital costs, exchange rates, metallurgical performance, labor availability and other risk associated with the mining industry.

Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of NioCorp prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements.

All subsequent written and oral forward-looking statements concerning the matters addressed herein and attributable to NioCorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Except to the extent required by applicable law or regulation, NioCorp undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.

Non-GAAP Financial Measures

This press release includes certain forward-looking non-GAAP financial measures, including EBITDA. These non-GAAP financial measures are included in this press release because these statistics are key performance measures that management uses to monitor performance, to assess how the Company is performing, to plan and to assess the overall effectiveness and efficiency of operations. These performance measures do not have a standard meaning within GAAP and, therefore, amounts presented may not be comparable to similar data presented by other mining companies. These performance measures should not be considered in isolation as a substitute for measures of performance in accordance with GAAP. Reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not provided because the Company is unable to provide such reconciliations without unreasonable effort, due to the uncertainty and inherent difficulty of predicting the occurrence and the financial impact of such items impacting comparability and the periods in which such items may be recognized. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.

SEC Standards Regarding Mineral Resources and Reserves

The scientific and technical information concerning the Elk Creek Project included in this press release has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the definitions and standards adopted by the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM Definition Standards").

Mining property disclosure requirements applicable to registrants in the United States are governed by Subpart 1300 of Regulation S-K ("S-K 1300"). The definitions of "mineral resource," "measured mineral resource," "indicated mineral resource," "inferred mineral resource," "mineral reserve," "proven mineral reserve" and "probable mineral reserve" under the CIM Definition Standards are substantially similar to the corresponding definitions under S-K 1300; however, differences exist between the two reporting frameworks. Accordingly, there is no assurance that Mineral Resource or Mineral Reserve estimates prepared in accordance with NI 43-101 would be identical to estimates prepared under S-K 1300.

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of a Mineral Resource will be converted into a Mineral Reserve. Inferred Mineral Resources are subject to a high degree of uncertainty as to their existence and as to whether they can be mined economically. It cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource or converted into a Mineral Reserve. Investors are cautioned not to assume that any part or all of the Mineral Resources reported in this press release are economically or legally mineable. As such, the conversion of reported Mineral Resources to Mineral Reserves should not be assumed, and the reclassification of reported Mineral Resources or Mineral Reserves from lower to higher levels of geological confidence should not be assumed.

APPENDIX: Mineral Resource and Mineral Reserve Data Tables

The following data tables and accompanying notes are derived from the 2026 Technical Report for the Elk Creek Project, and are subject to all of the assumptions, qualifications, and limitations included therein:

Table 4: Elk Creek Mineral Resource Estimate - Effective January 9, 2026

Classification

Cut-off NSR (US$/t)

Tonnage (Mt)

Nb₂O₅ (%)

TiO₂ (%)

Sc (g/t)

TREO (%)

Measured

218

21.7

0.61

2.46

69.1

0.35

Indicated

218

187.4

0.50

2.36

59.85

0.36

Measured + Indicated

218

209.1

0.51

2.38

60.81

0.36

Inferred

218

169.2

0.38

2.14

51.02

0.39

Source: DGC 2026

Notes:

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resource will be converted to Mineral Reserves.

Mineral Reserves are reported separately in Section 15 of the Company's 2026 Technical Report and are a subset of the total Mineral Resources reported herein.

Prepared in accordance with CIM Definition Standards (2014) and CIM Best Practice Guidelines (2019).

NSR cut-off of US$218/ton ($240/tonne) based on longhole stoping underground mining; incorporates concentration circuit recoveries of Nb 86.72%, TiO₂ 83.65%, Sc 92.00%, and REE by-products 92.00%, at metal prices of US$52.00/kg Nb, US$2,000.00/kg Sc, US$1.86/kg TiCl4, US$1,845.00/kg Tb₂O₃, US$125.00/kg NdPr, and US$8.97/kg SEG carbonate.

TREO = LREO + HREO expressed as a percentage (TREO% = TREO ppm ÷ 10,000).

Tonnages in millions of tons (Mt). Grades rounded to reflect the approximate nature of resource estimates.

Totals may not sum due to rounding.

Qualified Person: Jacob Anderson, CPG, MAusIMM, Dahrouge Geological Consulting Ltd., effective date January 9, 2026.

Table 5: Underground Mineral Reserves Estimate for Elk Creek, Effective Date April 2, 2026

Classification

Tonnage

Nb2O5 Grade (%)

FeNb
(t)

Payable Nb (t)

TiO2 Grade
(%)

Payable TiCl4
(t)

Sc Grade (ppm)

Payable Sc2O3 (t)

TREO Grade (ppm)

Payable TREO (t)

Proven

7,570,098

0.76

53,651

34,873

2.70

405,938

71.5

762

3,232

22,509

Probable

38,359,365

0.76

271,386

176,401

2.67

2,036,334

68.8

3,717

3,489

123,115

Total

45,929,462

0.76

325,038

211,274

2.68

2,442,272

69.3

4,479

3,446

145,625

Source: Amplify Mine Planning, 2026.

Notes:

All figures are rounded to reflect the accuracy of the estimates. Totals may not sum due to rounding.

The Qualified Person for the Mineral Reserve estimate is Scott G. Britton, P.E., consultant to Amplify Mine Planning. The estimate has an effective date of April 2nd, 2026.

The Mineral Reserve is based on the mine design and mine plan, utilizing an average cut-off grade of 0.650% Nb2O5 with an NSR of US$ 218/t.

The estimate of Mineral Reserves may be materially affected by metal prices, environmental, permitting, legal, title, taxation, socio-political, marketing, infrastructure development, or other relevant issues.

Annual life of mine (LOM) average production rate of ~8,282 tons of FeNb/annum in the years of full production,

Mining dilution of ~6% was applied to all stopes and development, based on 3% for the primary stopes, 9% for the secondary stopes, and 5% for ore development.

Mining recoveries of 95% were applied in longhole stopes and 62.5% in sill pillar stopes.

Price assumptions for FeNb, Sc2O3, TiO2 and TREO metals are based upon independent market analyses for each product.

Price and cost assumptions are based on the pricing of products at the "mine-gate," with no additional downstream costs required. The assumed products are a ferroniobium product (metallic alloy shots consisting of 65% Nb and 35% Fe), titanium in the form of TiCl4, scandium trioxide in powder form and rare earth oxides in either purified oxide or carbonate form. The Mineral Reserve has an average LOM NSR of US$590.84/ton.

The economic assumptions used to define Mineral Reserve cut-off grade are as follows:

Parameter

Value

Unit

Mining Cost

46.16

US$/t mined

Processing

125.04

US$/t mined

Water Management and Infrastructure

16.58

US$/t mined

Tailings Management

2.00

US$/t mined

Other Infrastructure

5.46

US$/t mined

General and Administrative

8.89

US$/t mined

Royalties/Annual Bond Premium

8.32

US$/t mined

Other Costs

6.28

US$/t mined

Total Cost

218.71

US$/t mined

Nb2O5 to Niobium conversion

69.9

%

Niobium Process Recovery

86.72

%

Niobium Price

23.59

US$/lb

TiCl4 Process Recovery

83.65

%

TiCl4 Price

0.84

US$/lb

Sc Process Recovery

92.00

%

Sc to Sc2O3 conversion

153.4

%

Sc Price

891.76

US$/lb

Dy2O3 Process Recovery

92.00

%

Dy2O3 Price

185.97

US$/lb

Nd2O3 Process Recovery

92.00

%

Nd2O3 Price

56.70

US$/lb

Pr2O3 Process Recovery

92.00

%

Pr2O3 Price

56.70

US$/lb

Tb2O3 Process Recovery

92.00

%

Tb2O3 Price

836.88

US$/lb

Economic Sensitivity Analysis

Figure 5-6: Pre-Tax NPV and IRR Sensitivity Analysis ($M)

Figure 7-8: After-Tax NPV and IRR Sensitivity Analysis ($M)

Unless otherwise stated or the context otherwise requires, all information about the Elk Creek Critical Minerals Project contained in this press release, including, but not limited to, expected production, Mineral Resource and Mineral Reserve estimates, development timeline, projected mine life, and projected economic results, is derived from the 2026 Feasibility Study, and is subject to all of the assumptions, qualifications, and limitations included therein, including the requirement to obtain project financing sufficient to cover initial capital costs and other related expenses necessary to the commencement and completion of construction.

EBITDA and EBITDA Margin are non-GAAP measures. Please see information on this and other such measures in the "Non-GAAP Measures" section of this press release.

Considers a contingency factor for CAPEX of 14%.

SOURCE: NioCorp Developments Ltd.

Micron Technology Inc (NASDAQ:MU)'s earnings power looks headed for a structural reset, according to UBS, which pointed to memory supply so tight that Nvidia was forced to de-spec its upcoming VR300 GPU.

UBS said Nvidia was forced to scale back the amount of high bandwidth memory, or HBM, in each VR300 GPU due to tight supply, cutting planned content to 512GB of HBM4E per chip from 768GB. VR300 is part of Nvidia's upcoming Rubin Ultra lineup of AI accelerators. The reduced memory content lets Nvidia build more GPUs with the same constrained memory supply, and the bank said the resulting increase in VR300 shipments is significant enough to lift its overall 2027 HBM consumption estimate to 61.5 billion gigabits, up from a prior 58.7 billion.

The bank also pointed to a re-widening of the price premium between HBM and DDR DRAM, a trend it said it has been highlighting since April. UBS now models 2027 industry blended HBM average selling price up approximately 79% year over year, compared with a prior estimate of 67%, with HBM4E likely to reach more than $30 per gigabyte.

On NAND, UBS said third-quarter contract pricing continues to trend positively as server and storage SSD demand offsets weakness in smartphones and PCs, though the magnitude of quarterly price increases is tracking modestly below its prior expectations. The bank raised its NAND industry bit demand growth forecasts to 23% for 2026 and 26% for 2027, and now forecasts industry NAND revenue of approximately $300 billion in 2026 and $495 billion in 2027.

For Micron specifically, UBS adjusted its earnings per share estimates for fiscal 2026, 2027 and 2028 to $74.13, $184.89 and $265.65, respectively, which it said remain well above consensus. The bank said its estimates reflect Micron EPS staying above $160 in 2029 and the company generating more than $450 billion in cumulative free cash flow through 2028.

UBS maintained its $1,625 price target based on approximately 11 times its estimated 2029 earnings per share of about $165, discounted back one year.

Enterprise software company ServiceNow (NOW +2.05%) was a winner in July. This was mostly because it delivered a beat-and-raise second quarter during the month, although a general rebound in beaten-down software stocks also helped. All told, across all of July ServiceNow's share price rose by 12%.

Hot growth now ServiceNow's earnings report was impressive from the get-go. It began with the company's note that it beat its own guidance on several key metrics, including revenue growth and profitability.

Image source: Getty Images.

Total revenue for the second quarter was just under $3.99 billion, up a meaty 24% year over year. This was aided to no small degree by subscription revenue, which rose by nearly 25% to hit almost $3.88 billion. Investors prize subscription revenue, as it tends to be steady and consistent.

Although net income not under generally accepted accounting principles (non-GAAP, or adjusted) growth didn't quite reach the double digits, it was nevertheless substantial. The metric rose by 9% to $930 million, or $0.90 per share.

Both line items were comfortably above the consensus analyst estimates. Professional ServiceNow watchers were modeling $3.93 billion on the top line, and $0.86 per share for adjusted net profit.

Although ServiceNow is broadly a software company -- and was therefore caught up in the recent rout -- it's been quite the adopter of artificial intelligence (AI) to help power its solutions. The company said agentic deployments within its core platform increased ninefold in only nine months.

Today's Change

(

2.05

%) $

2.56

Current Price

$

127.44

Organic and acquired growth Showing cautious optimism, ServiceNow slightly raised its annual guidance for that all-important subscription revenue line. The company now anticipates earning $15.76 billion to $15.78 billion for this in all of 2026, up from its previous forecast of just under $15.74 billion to a bit below $15.78 billion. The midpoint of the new range is almost 23% higher than the actual 2025 tally.

As July barreled to a close, many market players started to reconsider their bearish stance on software stocks. Some realized that such titles might prove resilient in the AI revolution, not least because quite a few (such as ServiceNow) are successfully embracing rather than fighting the technology.

ServiceNow combines an already compelling suite of offerings with innovative approaches to enhancing them, as evidenced by its acquisition of the cybersecurity company Armis earlier this year. This shows me that the company is constantly on the hunt for new sources of growth rather than resting on its laurels.

This is a solid company in the enterprise software realm, and well worth consideration for any stock portfolio.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has announced the Stage 2 rocket motor for the Next Generation Interceptor (NGI) program has successfully completed a static fire test inside a high-vacuum chamber that replicates the conditions of low-Earth orbit, preparing it for its intended future missile defense mission.

L3Harris conducts successful hot fire test of the Stage 2 solid rocket motor for Lockheed Martin’s Next Generation Interceptor program. (IMAGE COURTESY L3HARRIS TECHNOLOGIES) The test demonstrated the L3Harris Technologies' Stage 2 motor will sustain the extreme thermal and pressure stresses expected during interceptor missions, confirming key performance metrics such as thrust, chamber pressure and combustion stability.

"This successful static fire test is a significant milestone on the path to the Critical Design Review and confirms our confidence that the NGI motor will meet the demanding performance envelope required for fielding by 2030," Christopher Jewell, Lockheed Martin NGI vice president said. "The data gathered will directly inform the final interceptor design and accelerate integration with the Ground-Based Midcourse Defense architecture."

Why It Matters
An on-time fielding of NGI answers the call for an advanced missile defense capability. A successful outcome of the static-fire test reflects the program's forward trajectory, hitting a key milestone to CDR. Other factors pushing NGI toward deployment completion include:

Advanced design and speed: Leveraging NGI's "born‑digital" foundation, designs that once required years of physical iteration are now produced, fabricated and validated in a matter of months.  Capital investments: Lockheed Martin is investing millions to construct or expand purpose-built manufacturing facilities in Alabama. This includes incorporating advanced manufacturing techniques, production lines, tooling and plant layouts to meet urgent production demand. Whole of Industry Support: Lockheed Martin is leveraging significant supply chain capabilities across the nation to deliver NGI. About NGI
NGI is being built to enable a much more capable Ground-Based Midcourse Defense architecture and will serve as a critical piece of a next generation missile defense solution. NGI greatly increases the nation's firepower against the most destructive ballistic missile threats to the nation.

About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.Lockheedmartin.com. 

SOURCE Lockheed Martin

Also from this source

Hydrogen fuel cell company Plug Power (NASDAQ:PLUG) reported second-quarter financial results Monday after market close.

Here are the key highlights.

• Plug Power shares are powering higher. Why is PLUG stock up today?

Plug Power Q2 EarningsPlug Power reported second-quarter revenue of $178.30 million, up 9% quarter-over-quarter. The revenue total beat a Street consensus estimate of $169.41 million, according to data from Benzinga Pro.

The company reported an adjusted loss of seven cents per share, beating a Street estimate of a loss of eight cents per share.

Gross margins were breakeven compared to negative 31% in last year’s second quarter and negative 13% in the first quarter.

“Our second quarter results demonstrate that Plug is executing its transformation into a stronger, more efficient and profitable company,” Plug CEO Jose Luis Crespo said.

The CEO said the company improved gross margins, reduced operating expenses, strengthened liquidity and had revenue growth in the quarter, alongside advancing commercial milestones.

In the quarter, Plug deployed 1,666 GenDrive fuel cell units, more than doubling the total from the second quarter of 2025.

The company saw service revenue up 82% year-over-year to around $30 million, which strengthens Plug’s recurring aftermarket revenue. Fuel revenue was up around 15% year-over-year to around $39 million.

Plug said two of its largest material handling customers are planning to refresh over 20,000 GenDrive units in the next three years, creating a "significant recurring revenue opportunity."

Read Next

What’s Next for Plug PowerPlug Power is raising its full-year 2026 revenue growth guidance to a range of 15% to 16% year-over-year. The company said the second-half is historically the strongest and the strength of its commercial backlog is helping boost the guidance.

The company said it is on track to achieve positive EBITDAS in the fourth quarter of 2026.

"Our electrolyzer pipeline continues to expand, and we see an increasing conversion rate," Crespo said.

Plug Power Stock Price ActionPlug Power stock is up 9% to $2.30 in after-hours trading Monday versus a 52-week trading range of $1.41 to $4.58.

Photo: Shutterstock

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A Rocket Lab technician cleans a fuselage in Auckland, New Zealand, October 20, 2015. REUTERS/Nigel Marple/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesQ3 gross margin seen at 29%-31% vs analysts' estimate of 37.6%Q2 revenue jumps 62% to record $234 million, beating estimatesRecord backlog reaches $2.36 billion at end of June, company ​saysAug 10 (Reuters) - Rocket Lab (RKLB.O), opens new tab ‌forecast third-quarter margins below Wall Street expectations on Monday, as rapid expansion into satellite manufacturing boosts sales but weighs on profitability.

As sales of lower-margin satellite platforms rise, they are expected to account for ​a larger share of the company's revenue as it expands its satellite-manufacturing ​business, a segment that is becoming increasingly important as it diversifies beyond ⁠rocket launches. Its shares fell more than 8% in extended trading.

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The company expects gross ​margin of 29% to 31% in the third quarter, below analysts' average estimate of ​37.6%, according to data compiled by LSEG.

Rocket Lab's space-systems division, which makes satellite components, spacecraft, separation systems, solar cells and other mission hardware, is its largest revenue contributor, accounting for 81% of revenue.

The ​unit helped drive a 62% jump in second-quarter revenue to a record $234 million, topping ​the estimate of $231.4 million.

The company is also pushing ahead with Neutron, its reusable medium-lift rocket designed ‌to ⁠compete for commercial satellite-constellation missions, civil-space programs and U.S. national-security launches. Rocket Lab is targeting Neutron's arrival at the launch pad in the fourth quarter of 2026.

It has continued spending heavily to develop the rocket, build launch infrastructure and prepare for production, while ​integrating recent acquisitions, including ​laser-communications company Mynaric.

CEO ⁠Peter Beck said demand for Neutron was being driven by limited launch capacity, prompting customers to book missions years in advance.

Rocket Lab ​won a contract from Kepler Communications to launch several communications ​and in-orbit ⁠computing satellites on Neutron in 2028.

The company forecast third-quarter revenue of $250 million to $265 million, above Wall Street estimate of $238.5 million.

It said it expects strong growth in both launch and space-systems ⁠businesses, supported ​by a record $2.36 billion backlog at the end ​of June.

Rocket Lab, in June, also announced plans to acquire satellite communications company Iridium in an $8 billion deal, which ​would give it a recurring-services business.

Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar

Our Standards: The Thomson Reuters Trust Principles., opens new tab

, /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $102.5 billion at July 31, 2026, an increase of $2.4 billion from assets under management of $100.1 billion at June 30, 2026. The increase was due to market appreciation of $1.9 billion and net inflows of $688 million, partially offset by distributions of $155 million. 

Assets Under Management
(unaudited)

($ in millions)

AUM

Net

Market

 AUM

By investment vehicle:

6/30/2026

 Flows

App/(Dep)

Distributions

 7/31/2026

Institutional Accounts:

  Advisory

$22,905

$190

$476

-

$23,571

  Subadvisory

15,618

75

385

(49)

16,029

Total Institutional Accounts

38,523

265

861

(49)

39,600

Open-end Funds

48,993

269

933

(50)

50,145

Closed-end Funds

12,583

154

97

(56)

12,778

Total AUM

$100,099

$688

$1,891

($155)

$102,523

About Cohen & Steers. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore. 

SOURCE Cohen & Steers, Inc.

Mysten Labs, the company behind the Sui Layer-1 blockchain, has introduced Tessera, a confidential settlement network designed specifically for business-to-business invoice payments. The network restricts access to KYC-verified members, essentially creating a walled garden where companies can settle payments privately while still meeting compliance requirements.

What Tessera actually does At its core, Tessera is a settlement layer that lets businesses pay invoices to each other with confidentiality baked into the protocol. The KYC-gating means every participant has been identity-verified before they can transact, which addresses one of the biggest friction points enterprises face when considering blockchain rails: the tension between transparency and privacy.

Tessera attempts to solve this by keeping transaction details confidential among verified participants while still leveraging the settlement guarantees of the underlying Sui network. The product fits neatly alongside Mysten’s existing Seal protocol, which provides on-chain encryption and access control capabilities.

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Mysten’s enterprise ambitions Mysten Labs was founded in 2021 by former Meta engineers who had worked on the ill-fated Diem project. The Palo Alto-based company raised $300M at a valuation exceeding $2B.

The network has processed over $1 trillion in stablecoin volume, a figure that positions Sui as a serious contender in the payments infrastructure space rather than just another smart contract platform competing for DeFi users.

The privacy-compliance balancing act Tessera’s architecture suggests Mysten believes privacy and compliance are not inherently at odds — that you can have confidential transactions between parties who have already proven their identities. This approach mirrors what traditional financial networks like SWIFT already do, where banks transact through verified channels without broadcasting individual transaction details publicly. The difference is that Tessera runs on blockchain infrastructure, potentially offering faster settlement, lower costs, and programmable payment logic.

Mysten hasn’t disclosed a participant list or launch timeline, which means the gap between announcement and meaningful adoption remains an open question.

The competitive landscape includes traditional payment processors like Visa and Mastercard building their own blockchain settlement capabilities, JPMorgan’s Onyx platform handling billions in daily transactions, and newer entrants like Circle with its USDC ecosystem actively courting enterprise treasury teams.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The problem with cross-chain dataMost blockchains have no native way to verify what is happening on other networks. A smart contract on one chain cannot confirm whether a payment settled on another, which is why cross-chain activity has long depended on bridges and trusted intermediaries. @FlareNetworks takes a different approach, using its Flare Data Connector (FDC) to bring verified external data directly on-chain.

According to Flare's developer documentation, the FDC is an enshrined oracle designed to validate external data for Flare's EVM state, allowing smart contracts to consume attested information without relying on users for data integrity.

How the Data Connector worksThe process starts when a developer submits an attestation request for an external event. That could be a payment on the XRP Ledger, a $BTC or $DOGE transaction, or data returned by a Web2 API. Flare's independent data providers each verify the event independently, and their responses are combined into a consensus result.

Once consensus is reached, the verified data is stored as a Merkle root on-chain. Attestation requires more than 50% signature weight from data providers, ensuring decentralized consensus, and only the Merkle root is stored on-chain to minimize costs. Any smart contract can then consume this proof, turning external events into on-chain inputs without trusting whoever supplied the original data.

The FDC and Flare's Time Series Oracle (FTSO) represent what Flare describes as its most advanced and fully decentralized data protocols, empowering the network to acquire price, Web2, and blockchain data quickly and securely.

This architecture also supports a broader roadmap. In conjunction with the FTSO and FDC, applications can be built on Flare that harness price data, process data from other blockchains or Web2 sources, and execute transactions across Flare's connected chains.

FAssets: putting the Data Connector to workThe most concrete application of this infrastructure is FAssets, Flare's system for bringing non-smart-contract tokens into DeFi. With FAssets, assets that were not built for smart contracts can be used in programmable markets: trading, lending, vaults, staking, and cross-chain financial applications.

Flare has launched FXRP, a wrapped version of XRP that can be used in DeFi applications, and is the first live deployment of the FAssets system, which turns non-smart contract tokens like XRP into overcollateralized assets that can interact with DeFi protocols. Flare plans to expand FAssets to $BTC and $DOGE, bringing more non-smart-contract assets into its ecosystem.

Within its first seven months, more than 155 million FXRP had been minted, with most of that supply actively deployed across DeFi.

The Data Connector sits at the centre of this process. The FDC verifies the underlying transaction, and the equivalent FAssets are then minted as ERC-20 tokens on Flare. The result is a system where cross-chain applications are built on verified events rather than bridges alone.

Sources:
Flare Developer Hub: Flare Data Connector Overview
Flare Network: FAssets
The Block: Flare Network launches FXRP to let XRP be used in DeFi apps

July 2026 ADV reaches $365 billion; 
Institutional adoption continues as tokenized funding markets mature

, /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), global Fintech leader, today announced that its Distributed Ledger Repo (DLR) processed an average of $365 billion in daily repo transactions during July, with volumes totaling $8.0 trillion. The daily average is a 28% increase year-over-year, reflecting the continued evolution of tokenized market infrastructure and the expanding role of distributed ledger technology in modernizing funding and collateral markets.

"Tokenization is increasingly becoming part of how institutions optimize liquidity and collateral management," said Horacio Barakat, Global Head of Digital Innovation at Broadridge. "DLR continues to demonstrate that distributed ledger infrastructure can support the scale, reliability and interoperability required for core financing activity. As adoption broadens, firms are gaining greater confidence in bringing tokenized workflows into day-to-day market operations."

DLR enables firms to settle repo transactions on distributed ledger technology while operating within their existing trading and post-trade environments. The platform supports efficient, real-time financing by enabling the movement of tokenized collateral across counterparties, helping institutions improve liquidity management, optimize capital usage and enhance operational efficiency without disrupting established market workflows.

As financial institutions continue to expand their tokenization strategies, Broadridge is helping bridge traditional and digital capital markets through scalable infrastructure that supports financing, settlement and collateral management at institutional scale. DLR remains a foundational component of Broadridge's broader tokenization strategy, enabling clients to modernize core market operations while maintaining the resiliency, interoperability and trust required across global markets. To learn more about DLR, the world's largest institutional platform for settling tokenized real assets, visit Broadridge's DLR.

About Broadridge's Tokenization Solutions

Broadridge enables on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Through these innovations, Broadridge is helping financial institutions unlock the next era of digital assets investing.

Broadridge's Distributed Ledger Repo (DLR) solution is the world's largest institutional platform for settling tokenized real assets, tokenizing $365 billion a day. As tokenization gains momentum across financial services, Broadridge is meeting the complexity of operating across traditional and digital ecosystems with established scale, critical market knowledge, and technological expertise.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.

Our technology and operations platforms process and generate over 8 billion communications annually and underpin the daily average trading of over $18 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing approximately 16,000 associates in 28 countries. For more information about us, please visit www.broadridge.com.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors: 
[email protected] 

Media:
[email protected]

SOURCE Broadridge Financial Solutions, Inc.

JFrog Stock Gets Punished for Solid Results: Buy the DipJFrog NASDAQ: FROG Chief Financial Officer Ed Grabscheid said artificial intelligence-driven software development is increasing the volume of binaries moving through software supply chains, creating demand for the company’s software management and security platform.

Speaking at KeyBanc’s Park City conference, Grabscheid described AI coding tools as making code creation less expensive and faster, while making binaries—the compiled software assets that move through the development and deployment process—the more important asset to manage and secure.

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JFrog leaps on EPS beat and raised guidance“Every organization is becoming this software factory and moving at the speed of machines,” Grabscheid said. “Code is becoming cheap, and the primary asset is the binary.”

He said the emergence of large language models, Model Context Protocol, and skills has added new categories of software assets. JFrog’s Artifactory product manages binaries across the software supply chain, and Grabscheid said machine-generated code is producing an “exponential” increase in the number of binaries customers need to handle.

Quarterly Growth Supported by Cloud, Security and Usage 2 Tech stocks getting bullish upgrades ahead of Q1Grabscheid said JFrog’s second-quarter results included 29% year-over-year total revenue growth and 53% cloud revenue growth. He identified three key drivers: adoption of security products, higher customer usage associated with the rising volume of binaries, and broader use of JFrog’s platform.

Security has become an increasingly important cross-sell opportunity, he said, as customers add products around Artifactory and increase their commitments to JFrog. The company’s Enterprise+ platform customer base grew 39% year over year and represented 59% of revenue, according to Grabscheid.

Usage above customers’ contracted minimum commitments also contributed to revenue, he said. Customers may choose to pay for overages while they assess how much capacity they will need in an AI-driven development environment rather than immediately committing to a larger contract.

Grabscheid said the model gives customers lower per-gigabyte pricing for minimum commitments while allowing flexibility to exceed those commitments. JFrog’s sales team is working to convert excess usage into longer-term commitments, though its incentives are tied to commitments rather than overage revenue, he said.

He pointed to JFrog’s updated cloud growth outlook as evidence that customer commitments are increasing. The company had previously guided for 34% cloud growth at the midpoint and later raised that outlook to 42%, he said. JFrog does not separately quantify the revenue contribution from usage above minimum commitments.

Security Pipeline Gains Attention After Supply-Chain Incidents Grabscheid said software supply-chain attacks are raising awareness of JFrog’s security offerings, particularly JFrog Curation, which is designed to help organizations control what software packages enter their environments.

He cited the Shai-Hulud open-source security incidents as contributing to increased pipeline since the first event in September 2025. Curation has become a larger part of the company’s security sales mix, he said, after previously accounting for roughly half of security activity.

“Developers and machines want to move quickly,” Grabscheid said. “There is a hesitancy, particularly from the CISO, around what you bring into the organization, and Curation fills the need.”

He said 40% of JFrog’s new customer wins in the quarter included security products. The company sees Curation as easier to sell because it does not require displacement of an existing product, while JFrog Advanced Security generally involves replacing point solutions and can carry longer sales cycles.

According to Grabscheid, large security incidents can accelerate buying decisions because enterprises may access what he described as an “incident budget” to address immediate risks. He said JFrog recorded security-related customer activity in the fourth quarter, first quarter and second quarter following such events.

AI Customers and Hybrid Deployments Grabscheid also discussed JFrog’s growing presence among AI foundation-model labs. He said the company now serves four of the top five foundational labs, though he did not name the full group. He said the customer base provides a blueprint for JFrog in a newer market category beyond its traditional presence in industries including automotive and financial services.

One recent AI customer win involved a competitive displacement and a hybrid deployment, according to Grabscheid. He said some foundation-model companies initially adopted self-hosted deployments because they operate their own data centers and seek control over their environments. The new customer, however, placed its core deployment in the cloud while extending operations to self-hosted environments at the edge.

Grabscheid said JFrog’s ability to support both cloud and self-hosted environments differentiates it from vendors that focus on only one deployment model.

He also addressed an OpenAI Hugging Face-related incident, saying JFrog responded quickly and transparently and worked with the customer on remediation and patches. Cloud customers were immediately covered, he said, while self-hosted customers need to download updates to receive patches for a vulnerability. Grabscheid said the event also highlighted a potential opportunity to move more customers toward cloud and SaaS deployments.

Managing Internal AI Costs While AI tools have improved engineering productivity, Grabscheid said their costs have become a distinct budget line for JFrog. The company has shifted from tools such as Copilot and Cursor toward Claude in some cases, he said, adding that both productivity gains and spending have risen substantially.

JFrog has managed the increased spending by reviewing planned research-and-development hiring and using discretionary budgets, while continuing to invest in innovation, Grabscheid said. He said the company is also evaluating model routing, caps on spending for certain organizations, and other methods to optimize AI-related expenditures.

JFrog introduced Boost, a community-focused offering aimed at helping users optimize AI tool usage. Grabscheid said the offering is not being released primarily for monetization because the AI market is changing rapidly. Initially focused on reducing the number of lines generated, Boost has evolved toward directing workloads to appropriate models and supporting orchestration, he said.

About JFrog (NASDAQ:FROG)JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Live Coverage Updates appear automatically as they are published.

Live Updates Pinned 1 hour ago

Live

This live blog is being updated by Thomas Richmond, a 24/7 Wall St. contributor. Simply stay on this page, and new updates will appear below automatically.

We expect Hims and Hers Health to release Q2 earnings shortly after 4:05 p.m. ET.

31 minutes ago

Live

That wraps up our initial coverage of Hims & Hers Health’s Q2 results. Thank you for stopping by!

51 minutes ago

Live

Hims & Hers raised its full-year 2026 revenue outlook to between $3.1-$3.3 billion, while guiding for adjusted EBITDA between $275-$325 million.

For Q3, management expects revenue of $880-$900 million and adjusted EBITDA of $75-$95 million.

However, profitability deteriorated sharply in Q2. Gross margin fell to 64% from 76% one year ago, adjusted EBITDA declined to $60.3 million from $82.2 million, and the company swung from a $42.5 million net profit to an $86.3 million net loss.

That profitability pressure helps explain why HIMS stock is down 1% after announcing earnings despite strong revenue growth and the raised outlook.

54 minutes ago

Live

Hims & Hers ended Q2 with nearly 2.9 million subscribers, up 19% from 2.4 million one year ago.

The company also generated monthly revenue per average subscriber of $92, representing a 21% year-over-year increase from $76.

The combination of subscriber growth and higher revenue per customer helped drive total revenue 38% higher during the quarter.

Management said its growing customer relationships and investments in a doctor-led AI clinical engine are increasing the depth and reach of its healthcare platform.

57 minutes ago

Live

Hims & Hers delivered $753.2 million in Q2 revenue, representing 38% year-over-year growth and a significant acceleration from the start of 2026.

U.S. revenue increased 16% to $621.8 million, while international revenue climbed more than 17-fold to $131.4 million, aided by the completion of the Eucalyptus acquisition in June.

Management expects domestic growth to accelerate further during the second half of the year as the company expands its personalized healthcare platform.

1 hour ago

Live

Hims & Hers Health just reported earnings, with shares initially down 6% following the report. Here are the key numbers:

Revenue: $753.2 million vs. $730.1 million expected EPS: ($0.37) vs. ($0.05) expected Adjusted EBITDA: $60.3 million vs. $45 million expected Gross Margin: 64% vs. 76% one year ago Free Cash Flow: ($68.2) million Guidance:

Q3 revenue: $890 million Q3 adjusted EBITDA: $85 million FY2026 revenue: $3.2 billion FY2026 adjusted EBITDA: $300 million Quick Read:

Revenue climbed 38% year over year and beat expectations, but Hims & Hers posted a substantially wider-than-expected loss as gross margin contracted by 12 percentage points.

Management raised its 2026 revenue outlook and reaffirmed confidence in its 2030 targets.

1 hour ago

Live

Layered on top of the catalysts already flagged, here are four new factors that could reshape the market’s reaction tonight for Hims & Hers.

ARPU Erosion. Monthly revenue per subscriber slipped to $80 from $85 in Q1, a 6% decline as branded GLP-1s displaced compounded mix. A second consecutive step-down would pressure the FY revenue bridge. Convertible Overhang. The ~$1B convertible debt from the May 2025 offering complicates the $250M buyback pace; aggressive repurchases against dilution math could surprise. Legal Tail. $15M in Q1 legal settlement costs plus unresolved securities class actions tied to the Novo termination remain a P&L wildcard. Canada Generic Semaglutide. Planned 2026 launch could reframe the international growth narrative if management provides a timeline tonight. 1 hour ago

Live

With roughly 20 minutes until earnings, here’s what could move Hims & Hers Health (NYSE:HIMS) stock after earnings.

What Moves the Stock Tonight Revenue trigger: Beat above $700M; miss below $680M. Adjusted EBITDA trigger: Above $55M bullish; below $35M bearish. Subscribers: Reacceleration past 9% YoY off the 2.6M base validates the GLP-1 pivot. ARPU: Reversal of the $80 monthly figure (from $85) would ease margin fears. FY26 guide: Any move on the $2.8B-$3.0B range is the primary catalyst. Historical context: Missed quarters averaged a -3.41% day-of move, but Q2 2025 sent the stock down -12.36%.

Options imply a sizable swing, so keep an eye on the stock into the earnings report.

2 hours ago

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Beyond the headline numbers, there are several under-the-radar catalysts that could swing tonight’s reaction for Hims & Hers Health (NYSE:HIMS).

Eucalyptus Deal Timing. The pending acquisition is slated to close mid-2026, and guidance excludes any contribution. Commentary on the closing window or the reported $450M+ ARR from Australia and Japan would reset the FY2026 $2.80B-$3.00B revenue bar. FX and International Mix. Rest-of-World revenue jumped 969% YoY to $78.19M in Q1, introducing meaningful non-USD exposure via ZAVA, Spain, and Canada. Currency swings now materially impact reported growth. Novo Nordisk Update. Wegovy distribution talks flagged in Q3 2025 remain unresolved; any progress or termination would shift the GLP-1 thesis meaningfully. Options Positioning. The Aug 14 put/call ratio of 1.08 signals defensive hedging, while insiders logged 94 recent transactions, net selling, into the release. 2 hours ago

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Ahead of tonight’s Q2 report, Hims & Hers Health (NYSE:HIMS) trades near $31.65, with Polymarket now pricing a 62% miss probability, up from the 57% cited earlier.

Bull Case Subscribers reached nearly 2.6 million, and international revenue surged 969% YoY to $78.19 million. CFO Yemi Okupe guided to a “meaningful step-up in adjusted EBITDA dollars in the third and fourth quarters.” Shares rallied 13.76% over the past week, and a $250 million buyback sits ready. Bear Case HIMS missed 5 of the last 6 quarters, averaging -3.41% day-of declines on misses. Q1 U.S. revenue fell 8% YoY; GAAP gross margin compressed to 65% from 73%. Composite sentiment sits at 29.78 (Bearish), with insiders net selling across 94 recent transactions. 2 hours ago

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Hims & Hers Health heads into its Q2 earnings report with management guiding for revenue between $680-$700 million.

After the company missed top-line expectations in Q1, investors will want to see a return to stronger growth and execution, as well as evidence that gross margins can recover from the previous quarter’s 65% level.

Prediction markets currently assign a 57% probability that Hims & Hers misses expectations, while Reddit sentiment has turned heavily bearish.

Wall Street’s average price target of $29.23 also implies roughly 8.48% downside from current levels.

Despite this negativity, a strong revenue beat tonight accompanied by stabilizing margins could revive confidence in the company’s healthcare platform and its path toward $6.5 billion in revenue by 2030.

However, a second consecutive miss would strengthen the bearish case and potentially give management an earlier opportunity to deploy its recently authorized share repurchase program.

Hims & Hers Health (NYSE:HIMS) reports Q2 FY2026 results tonight after the bell at 4:05 PM ET. After a brutal Q1 miss and a strategic pivot in weight loss, this quarter tests whether the revenue reacceleration guidance is real.

The Backdrop: Reset Quarter Meets Rebuild Q1 delivered revenue of $608.10 million, up 3.77% year over year, alongside a $92.11 million net loss and EPS of -$0.40. GAAP gross margin compressed to 65% from 73%, weighed down by $33.49 million in restructuring tied to the shift from compounded to branded GLP-1s.

Shares have swung with the story. HIMS trades around $31.94, down 2.71% YTD and 38.12% over one year, though the stock rallied roughly 3% in the past week. Subscribers reached 2.6 million, but monthly revenue per subscriber slipped to $80 from $85.

Consensus and Guidance Metric Q2 2026 Guidance YoY Growth FY 2026 Guidance Revenue $680M to $700M 25% to 28% $2.8B to $3.0B Adjusted EBITDA $35M to $55M Margin 5% to 8% $275M to $350M Guidance implies a sharp reacceleration from Q1’s 4% growth, driven by branded GLP-1 momentum and international revenue, which grew 969% year over year to $78.19 million. FY26 guidance excludes Eucalyptus, which management targets to close mid-year.

What I’m Watching Tonight: Margin Repair and GLP-1 Traction Tonight, I’ll be watching the company’s gross margin. CFO Yemi Okupe told investors, “We expect gross margins to compress as we prioritize scaling areas such as weight loss, labs, and international markets.” Any stabilization above the Q1 adjusted 70% level could reframe the profitability debate.

Investors will also be watching the company’s Novo Nordisk ramp. Management disclosed more than 125,000 Wegovy shipments in the first six weeks and expects north of 100,000 new weight loss subscribers per month. The Q2 earnings report will quantify whether branded economics hold up.

I’m also tracking U.S. reacceleration after an 8% domestic decline in Q1, ARPU stabilization at $80, and any commentary on peptide readiness and Eucalyptus timing. CEO Andrew Dudum said “2026 is a defining year for Hims & Hers,” and this quarter will test the thesis.

Earnings History Quarter EPS Surprise Day-Of Move 1-Week Move 30-Day Move Q1 2026 -1266.18% -14.1% -10.35% +7.15% Q4 2025 +92.31% -0.32% +2.33% +34.93% Q3 2025 -41.00% -3.6% -7.1% -8.39% Q2 2025 -25.83% -12.36% -13.62% -12.81% On average, shares moved 1.76% seven days after earnings over the past year.

Contact [email protected] for any questions or corrections.

Trump Media and Technology Group Corp. (NASDAQ:DJT) shares are tumbling Monday as traders reduce exposure ahead of the company’s second-quarter results arriving after today’s close. Here’s what you should know.

Trump Media & Tech Gr shares are sliding. Why are DJT shares down? A Mixed First Quarter Sets the Stage for Today’s ReportTrump Media held $2.2 billion in total assets at the end of March, with roughly $2.1 billion of that sitting in financial assets spanning cash, restricted cash, short-term investments, equity securities, a note receivable and accrued interest, digital assets and pledged digital assets. That financial asset base was nearly three times the $759 million the company held in the same period a year earlier.

Operating cash flow came in at $17.9 million, the fourth straight quarter the company generated positive cash from operations, a streak management highlighted as evidence of financial discipline.

The other side of the ledger was harder to dismiss. A net loss of $405.9 million and an adjusted EBITDA loss of $387.8 million dominated the headline numbers, though the company was quick to note that the overwhelming majority of those figures consisted of non-cash charges. Revenue for the quarter totaled $0.9 million as the company said it remains focused on building out its audience and infrastructure before activating monetized features.

Platform Buildout Continues Ahead of MergerInterim CEO Kevin McGurn said the company is deploying its balance sheet and cash generation to accelerate growth across its platforms while simultaneously working to complete the proposed combination with TAE Technologies.

Truth Social is developing or testing several features that have not yet launched publicly, among them discussion and sharing tools for prediction contracts built in cooperation with Crypto.com Derivatives North America.

Additionally, Truth+, the company’s streaming service, expanded its live television lineup with the addition of Nothing But Sportz, Retro and In Touch, brought in international programming from Israel, the Azores and Portugal.

DJT Versus the Chart: Overhead Supply Still Runs the RoomTechnically, the stock is still working against a weak longer‑term backdrop. DJT trades 5.4% below its 20‑day SMA at $9.66 and 14.2% below its 200‑day SMA at $10.65, which keeps the broader trend tilted bearish even with recent signs of stabilization.

At the same time, the stock sits 3.7% above the 50‑day SMA at $8.82 and 2.2% above the 100‑day SMA at $8.95, creating a short‑term tug‑of‑war. The question is whether buyers can keep defending the mid‑$8 area on dips or whether the market forces another move lower to find firmer demand.

Momentum remains neutral. RSI at 47.08 suggests the selloff is not washed out enough to make a bounce feel inevitable. The moving‑average structure reinforces that mixed tone. The 20‑day SMA is above the 50‑day SMA, which is a short‑term bullish crossover, but the 50‑day SMA is still below the 200‑day SMA, which keeps the longer‑term bias pointed lower. This blend often produces choppy action where short‑term pops appear but run into sellers as price approaches longer‑term resistance.

Resistance: $10.00 — a round‑number ceiling near the short‑to‑intermediate moving‑average cluster where rebounds often stall Support: $8.50 — a nearby floor close to the 50‑day and 100‑day zone where buyers have clearer technical incentive to defend DJT Shares Are SlidingDJT Price Action: Trump Media shares were down 10.28% at $9.16 at the time of publication on Monday, according to Benzinga Pro.

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ToplineTrump Media’s stock fell more than 8% on Monday shortly before the company reported its second quarter earnings, which may not show many significant changes to its limited advertising revenue stream.

Trump Media fell 8% on Monday.

Photo by Jim WATSON / AFP via Getty Images

Key FactsTrump Media closed down 8% at $9.39, erasing two weeks worth of gains made by the company’s stock.

The stock’s performance is largely detached from business fundamentals, though it is possible there is investor anxiety ahead of the company’s second quarter earnings.

Trump Media shares are still well above their low for 2026, which was reached in July when the stock fell to about $7 per share.

The company did not introduce any new revenue drivers during its second quarter, meaning it will continue relying on advertising revenue—which has been underwhelming in previous quarters.

Forbes ValuationWe estimate President Donald Trump’s net worth at $6.4 billion, falling nearly $100 million Monday. Trump’s stake in the company is worth about $1 billion.

What To Watch ForTrump Media launched Truth API on Aug. 1, meaning the company’s next earnings report may reveal how well the service bolsters its limited revenue streams. The service provides early access to posts from high-ranking Truth Social accounts, including Trump’s, for a reported cost of as much as $100,000 a month.

Key BackgroundTrump Media shares have fallen 30% since the start of the year and roughly 80% since the company went public in early 2024, debuting at $70.90 per share on the Nasdaq. The company lost $712 million in 2025, more than half of which was due to unrealized losses and digital asset investments. Advertising raked in $3.7 million that same year for Trump Media, which is the parent company of Truth Social. The alternative social media platform championed by the president has faced a 36% decline in monthly visitors from a year ago, The New York Times reported, citing analytics firm SimilarWeb. Truth Social averaged 28 million monthly visits in the first seven months of 2025, the Times added.

Further ReadingTrump’s Truth Social Won’t Be Its Own Company Anymore, Parent Firm Says (Forbes)

Trump Media’s Nearly 50% Rally Adds $600 Million To President’s Net Worth (Forbes)

Garmin (GRMN +0.73%) makes many popular devices for runners, boaters, pilots, hunters, and bikers, and its stock is getting popular too. The maker of wearable smartwatches and wireless GPS devices announced another stellar quarter in July, sending shares soaring.

The stock is now up 53% this year, after jumping 23.7% in July, according to data provided by S&P Global Market Intelligence. Management raised guidance for the year after a strong second quarter. The company is firing on all cylinders, and the stock is even cheaper than it looks. Here's why.

Image source: Getty Images.

Fitness is in great shape After announcing record revenue that increased 11% year over year, Garmin boosted its full-year revenue and earnings guidance to imply 11% year-over-year revenue growth and almost 17% earnings per share (EPS) growth.

All five business segments are contributing to Garmin's success. The outdoor segment was the only one with slightly declining sales, but it provided more operating income than in Q1, thanks to higher gross and operating margins.

Fitness is the standout, though. Advanced wearables led the segment to 25% year-over-year sales growth. That growth rate is 32% for the first half of this year, following a 33% increase in 2025 over 2024. Investors who were worried about lost sales from the Apple Watch and other competitors can seemingly dismiss those fears.

Garmin has even entered a new category with its Cirqa Smart Band. This screen-free wearable provides comprehensive wellness and fitness insights without requiring a subscription, helping to expand its potential market.

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Garmin's secret weapon The future looks bright for Garmin's business. But investors might wonder if the pop in the stock price makes shares too expensive. There's good reason to think that's not the case, though. On the surface, shares look pricey. Garmin stock is trading at a price-to-earnings (P/E) of 31 based on the company's latest 2026 guidance. That seems expensive compared to its three-year average of about 25. But there's a better way to look at it.

Garmin ended Q2 with $4.4 billion in cash and equivalents. Importantly, it also has no debt. That's over 7% of its market cap, and investors should consider that. That effectively drops the forward P/E to under 29.

While still relatively high, it's also certainly possible that earnings exceed current guidance, bringing the valuation even lower. That cash will also bring value for shareholders in the future. Whether through growth investments, acquisitions, share buybacks, or raised dividends, that money should find its way back to the owners of Garmin stock. It may not be a good time to invest a lump sum in Garmin stock, but long-term investors can still expect solid returns.

, /PRNewswire/ -- CleanCore Solutions, Inc. (NYSE American: ZONE) ("CleanCore" or the "Company"), a company building the critical infrastructure that powers the AI economy, today announced that it has commenced a best-efforts public offering (the "Offering") of its common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) and accompanying warrants to purchase shares of common stock. All of the securities in the Offering are to be sold by CleanCore.

Curvature Securities LLC is acting as the sole placement agent to the Company for the proposed Offering. The proposed Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed or as to the actual size or terms of the Offering.

CleanCore intends to use the net proceeds from the Offering primarily to fund the development of AI critical infrastructure opportunities, including the Minnesota Project, and for working capital and general corporate purposes.

The shares of common stock, pre-funded warrants and warrants are being offered pursuant to a registration statement on Form S-3 (File No. 333-289867), which was previously filed with and subsequently declared effective by the Securities and Exchange Commission (the "SEC") on August 29, 2025. The Offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A copy of the preliminary prospectus supplement relating to and describing the terms of the Offering will be filed with the SEC and will be available for free on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained, when available, from Curvature Securities LLC, 39 Main Street, Chatham, NJ 07928, or by telephone at (908) 944-9400, or by email at [email protected]. 

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the Offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About CleanCore Solutions, Inc.

CleanCore Solutions, Inc. (NYSE American: ZONE) is helping to build the critical infrastructure that powers the AI economy. Through a growing pipeline of projects, ZONE aims to help meet the increasing demand for compute capacity, power, and digital infrastructure required by the world's leading AI companies.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the anticipated Offering, Forward-looking statements are generally identified by words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," "could," "should," "estimates," "projects," "potential," "focused on," "aims," "expand," "expected," "look forward," and similar expressions. These forward-looking statements are based on management's current expectations and assumptions as of the date of this press release and are subject to significant risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to: the Company's ability to complete the Offering; volatility in the price of the Company's common stock and warrants; general economic and market conditions; the Company's ability to receive the necessary regulatory approvals for the Offering; and, the Company's ability to raise additional funding and other competitive developments.

For a more complete discussion of risks and uncertainties, please refer to the Company's filings with the SEC, including the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. All forward-looking statements are qualified in their entirety by this cautionary statement.

SOURCE CleanCore Solutions (NYSE AMERICAN: ZONE)

Shares of Willis Lease Finance Corporation (WLFC - Free Report) have declined 16% since the company reported its earnings for the quarter ended June 30, 2026. This compares to the S&P 500 index’s 1.5% growth over the same time frame. Over the past month, the stock has declined 15.3% against the S&P 500’s 2.8% growth.

WLFC reported second-quarter earnings per share of $1.31, which declined 53.4% from $2.81 recorded in the prior-year quarter.

Revenues of $194 million indicated a 0.8% decline from $195.5 million a year earlier. Net income attributable to common shareholders fell 51.2% to $28.7 million from $59 million. However, the year-ago results included a $43 million gain from the sale of the BAML business. 

On a normalized basis, excluding that gain, the company said net income increased 80% and EPS rose 72%. Income from operations advanced 20.2% to $34 million, while adjusted EBITDA increased 4% to $120.7 million.

Other Key Business MetricsLease rent revenues increased 6.7% to $77.1 million, reflecting a larger average portfolio, while the monthly on-lease lease rate factor improved three basis points to 1.03%. Blended utilization was 85%, down from 87.2% a year earlier. Maintenance reserve revenue declined 8.4% to $46.5 million, with short-term maintenance reserve revenue falling 22% to $39 million. That weakness was partly offset by long-term maintenance reserve revenue of $7.5 million versus $0.5 million a year ago.

Management and advisory fees more than doubled to $5.5 million from $2.6 million, while maintenance services revenues increased 11.9% to $9 million. Gain on sale of leased equipment rose 16.2% to $32 million. Assets under management reached $4.4 billion, up 21% year over year, while net debt-to-equity stood at 2.78 times.

Factors Influencing the ResultsThe decline in short-term maintenance reserve revenue reflected fewer engines operating under short-term lease conditions and lower flight activity on less fuel-efficient aircraft amid elevated fuel prices. Management said newer LEAP and GTF engines generally maintained stronger utilization. Meanwhile, the $32 million gain on leased-equipment sales reflected sales of 21 engines and other equipment, including assets used to seed the Blackstone fund.

Expenses provided a mixed picture. Total expenses decreased 4.3% to $160 million, helped by lower spare-parts costs and equipment write-downs. However, general and administrative expenses increased 10.2% to $55.6 million and technical expenses rose 32.5% to $9.9 million. Net finance costs increased 4.6% to $35.1 million, including a $5.4 million loss on debt extinguishment.

Balance Sheet UpdateWLFC ended the second quarter with total assets of $3.7 billion, down from $3.9 billion at Dec. 31, 2025. Cash and cash equivalents declined to $10.7 million from $16.4 million. 

Debt obligations decreased to $2.3 billion from $2.7 billion at the end of 2025.

Total equity increased to $710.3 million from $662.1 million.

Management Commentary and OutlookCEO Austin Willis emphasized the expansion of the asset-management platform, with Willis Aviation Capital helping shift WLFC toward a broader capital-light model. Management said fund seeding is now largely complete and expects further fund growth to come primarily through third-party purchases. The company highlighted roughly $1.3 billion of additional capital available for deployment and described its acquisition pipeline as significant. Its presentation also cited a visible pipeline supporting near-term earnings growth and structural aviation supply constraints supporting lease demand and yields.

CFO Scott Flaherty specifically declined to get ahead of the company on guidance. WLFC nevertheless indicated that it intends to deploy existing fund capital before pursuing additional, potentially larger institutional funds.

Other DevelopmentsDuring June, WLFC acquired entities owning three Airbus A330-300 aircraft intended for long-term leases with China Airlines and EVA Air. The company also completed $300 million of seed-asset sales and issued $200 million of five-year, 2.5% convertible senior notes. After quarter-end, WLFC signed an approximately $379.3 million agreement to acquire 12 aircraft and 13 aircraft engines and entered a five-year storage and lease agreement with Pratt & Whitney.

JPMorgan highlighted Microsoft's cloud growth and backlog while raising its S&P 500 earnings and year-end forecasts. + GuruFocus.com on

Summary

Microsoft gained as stronger cloud economics supported JPMorgan’s bullish market revision.

Microsoft MSFT , the software and cloud giant behind Azure, reported accelerating cloud growth just as Wall Street gets more comfortable with the biggest question hanging over the AI boom: Are those staggering infrastructure bills actually paying off? Microsoft shares climbed roughly 1.7% Monday morning, and JPMorgan sees the answer increasingly tilting toward yes. The bank pointed to Microsoft, Alphabet GOOG and Amazon AMZN as evidence that hyperscaler AI spending is feeding into stronger revenue, helping drive its 2026 year-end S&P 500 SPY target to 8,000 from 7,800.

The bull case is starting to get some muscle behind it. JPMorgan lifted its S&P 500 earnings estimate to $365 per share for 2026 and $420 for 2027, up from $350 and $390. Stronger cloud growth, expanding backlogs and improving cash-flow visibility across the hyperscalers helped fuel that confidence. Microsoft is right in the middle of it. Azure growth is expected at roughly 45%, while the company plans to spend around $50 billion on capital expenditures in the current fiscal quarter alone. That number is enormous. But if Azure keeps growing anywhere near this pace, the conversation changes fast. Microsoft is no longer just spending heavily on AI. It is showing investors why it is spending heavily.

And the valuation does not look stretched against GuruFocus' estimate. Microsoft traded at $509.07 on Aug. 10 versus a GF Value of $575.48, putting the stock roughly 11.54% below that benchmark. That discount adds another layer to the story, but execution now matters more than the headline number. Microsoft is pouring tens of billions into AI infrastructure, so Azure needs to keep humming, backlog needs to turn into revenue and cash flow needs to keep up. If those pieces fall into place, the AI capex debate gets much simpler. Microsoft's giant spending bill stops looking like the risk. It starts looking like the fuel.

Key Takeaways 3M's Safety and Industrial segment delivered 8.2% organic sales growth in the second quarter.Industrial adhesives & tapes sales rose 13%, while personal safety markets increased 9.4%.3M expects 2026 adjusted organic sales growth above 3.5% and EPS of $8.80-$8.95. The strongest driver of 3M Company’s (MMM - Free Report) business at the moment is the persistent strength in its Safety and Industrial segment. Strong momentum in abrasives, industrial adhesives and tapes, specialties, roofing granules, personal safety and electrical markets has been driving the segment’s performance. In the second quarter of 2026, sales from the industrial adhesives & tapes markets grew 13%, while sales from personal safety markets increased 9.4%. Also, sales from electrical and industrial specialties markets increased 12% and 10.9%, respectively.

The segment delivered an organic sales growth of 8.2% year over year in the second quarter. The segment’s operating income margin increased year over year, driven by benefits from sales growth and productivity, partially offset by tariffs and continued growth investments in the business.

Backed by strength across its businesses, the company provided a positive outlook. For 2026, 3M expects total adjusted organic sales to grow more than 3.5% on a year-over-year basis. Adjusted earnings are expected to be in the range of $8.80-$8.95 per share. The midpoint of the guided range is about $8.875, which reflects an increase from earnings of $8.06 per share reported in 2025.

Segmental Performance of MMM’s Peers in Q2.Among 3M’s major peers, Carlisle Companies Incorporated (CSL - Free Report) is experiencing strength in its Construction Materials segment. Revenues from Carlisle’s Construction Materials segment increased 7.8% year over year to $1.18 billion. Organic revenues rose 7.7%, driven by healthy re-roofing demand, strategic initiatives and strong commercial execution, partly offset by continued softness in commercial new construction.

Its another peer, Honeywell International Inc. (HON - Free Report) , is witnessing softness in the Process Automation and Technology segment. In second-quarter 2026, the segment’s organic revenues decreased 1% on a year-over-year basis. This decline was attributable to a 6% drop in organic sales in the aftermarket business owing to lower refining catalyst shipments and project delays. Also, reduced customer demand in the Middle East due to ongoing geopolitical tensions hurt Honeywell’s results.

The Zacks Rundown for MMMShares of 3M have gained 14.3% in the year-to-date period against the industry’s decline of 8.5%.

Image Source: Zacks Investment Research

From a valuation standpoint, 3M is trading at a forward price-to-earnings ratio of 19.47X, above the industry average of 16.15X. MMM carries a Value Score of C.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MMM’s earnings for 2026 and 2027 has increased 2.5% and 3.6%, respectively, in the past 60 days.

Image Source: Zacks Investment Research

MMM stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.