Market Signal Briefing

NORWALK, Conn., Dec. 03, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, and Arcesium, a leading global financial technology firm for the investment industry, today announced a strategic partnership to deliver a unified investment management offering designed to seamlessly integrate front, middle, and back office asset management workflows across public, private, and alternative markets. This partnership addresses the growing demand for solutions that unify workflows, connect fragmented data, and enable firms to navigate the increasing complexity of modern investing.

“Feedback from our clients across the industry consistently highlights data fragmentation as the leading operational challenge facing asset managers today, with some estimates showing that regulatory compliance costs for global asset managers have doubled over the past decade,” said David Mellars, SVP, Senior Director, Middle Office Product Management at FactSet. “These pressures are driving significant changes in how firms approach both innovation and everyday operations, and FactSet’s partnership with Arcesium is in direct response. Combatting fragmentation and unifying the entire deal lifecycle, inclusive of back office accounting solutions, is an essential step for the industry, especially as capital markets rapidly evolve, regulations shift, and competition intensifies across asset classes. This is more than an integration; it’s a shift toward connected capital, where data, technology, and innovation converge to redefine the future of investing.”

Integrating analytics engines, data pipelines, and AI-powered workflows, this end-to-end solution enables deeper due diligence, and streamlined portfolio monitoring and reporting across asset classes. Buy-side teams can efficiently ingest, model, and analyze diverse asset types—including illiquid and bespoke investments—yielding a "single source of truth" for investment and compliance teams.

Comprehensive Coverage Across All Asset Classes:
Rather than focusing primarily on public markets or requiring disparate systems for private and alternative assets, the FactSet-Arcesium solution is purpose-built to provide seamless integration of workflows across public, private, and alternative asset classes, ensuring unified operations and reporting.

For asset owners and managers—including pension funds, family offices, and hedge funds—the convergence of public and private markets is accelerating dramatic shifts in capital allocation and industry competition. FactSet data illustrates that private credit has become a standout segment, with record fundraising climbing from $198 billion in 2023 to $210 billion in 2024, and $124 billion raised in just the first half of 2025, according to FactSet estimates. Industry concentration is escalating: FactSet data indicates that mega-managers now secure 46 percent of capital raised, despite representing less than 3 percent of the managers, intensifying competition for high-quality assets.

As global private capital continues to grow, asset owners and managers must contend with rising data and transparency demands, and increasingly complex portfolios, a challenge addressed by unified solutions like FactSet and Arcesium’s partnership, enabling smarter navigation of today’s multi-asset landscape.

Truly End-to-End Platform: Front, Middle & Back Office Connected
By leveraging FactSet’s global data infrastructure and Arcesium’s cloud-native technology, the partnership delivers superior data consistency and advanced analytics within a flexible, interoperable platform, uniquely addressing the challenge of integrating critical middle and back-office functions, such as accounting and compliance, that have historically been underserved or siloed. This empowers asset managers to streamline operations, automate processes, and adapt rapidly to evolving regulatory demands without vendor lock-in.

“Integrating Arcesium's comprehensive post-trade platform with FactSet's robust investment analytics has significantly enhanced our operational efficiency. This seamless integration allows us to streamline portfolio management, improve performance analytics workflows, and make more informed investment decisions," commented Neal J. Wilson, Co-Chief Executive Officer and Co-Chief Investment Officer, EJF Capital.

This platform combines FactSet’s advanced front and middle-office analytics and portfolio management tools with Arcesium’s proven back-office technology, including IBOR (Investment Book of Record), ABOR (Accounting Book of Record), and Reference Data solutions. By bridging the gap between public and private assets, the platform delivers a single source of truth that simplifies processes, enhances transparency, and accelerates decision-making.

“In an increasingly complex and interconnected financial landscape, firms require sophisticated, unified solutions to navigate evolving market dynamics and regulatory demands,” said Mahesh Narayan, SVP, Head of Commercial Partnerships at Arcesium. “By combining Arcesium's deep operational and data management capabilities, including our UBOR and Aquata platforms, with FactSet's comprehensive front-office suite, we are delivering a truly holistic and future-proof solution. This partnership will enable our clients to achieve unprecedented levels of data integrity, accelerate their data strategies, and unlock new growth opportunities across all asset classes.”

For more information about this end-to-end solution from FactSet and Arcesium, register for this webcast, hosted by Cutter Associates: https://info.cutterassociates.com/newsmaker-a-first-look-at-the-factset-arcesium-collaboration-for-the-buy-side.

About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, a presence in 20 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving approximately 9,000 global clients and over 237,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

About Arcesium
Arcesium is a global financial technology company delivering pre- and post-investment and enterprise data management solutions to some of the world’s most sophisticated financial institutions, including private market firms, hedge funds, and institutional asset managers. Expertly designed to achieve a synchronized golden source of data throughout a client’s ecosystem, Arcesium’s cloud-native technology is built to systematize the most complex workflows and help clients achieve scale.

Today, Arcesium services over $5.3 trillion in gross AUM and over $1.2T in sell-side capital balances and has modelled over 160+ million investments to date. Arcesium was built from a platform developed and tested by investment and technology development firm, the D. E. Shaw group, and launched as a joint venture with Blackstone Multi-Asset Investing. J.P. Morgan, another large client, later made a strategic investment in the company, helping Arcesium further its mission: to power the entire investment lifecycle. Arcesium currently has a staff of over 2,300 software engineering, accounting, operations, and treasury professionals. For more information about Arcesium and its capabilities, visit www.arcesium.com and follow the firm on LinkedIn.

Investor Relations:
Kevin Toomey
+1.212.209.5259
[email protected]

Media Relations:
Kelsey Goldsmith, FactSet
+1.207.712.9726
[email protected]

Danielle Meyer, on behalf of Arcesium
+1 513-646-2648
[email protected]

HomeDividends AnalysisREITs AnalysisReal Estate Analysis

SummaryEasterly Government Properties (DEA) trades at 7.3x forward FFO, offering an 8.3% yield and a well-covered dividend after a recent cut.
DEA's portfolio remains highly occupied (97%) with long-term government leases, supporting stable cash flows and conservative 2-3% annual FFO growth guidance.
Management is prioritizing deleveraging, targeting sub-6x leverage, and maintaining investment-grade credit, while acquisition activity remains disciplined.
The market's bearishness and valuation discount appear overdone, presenting an attractive risk/reward for patient, yield-focused investors.
halbergman/E+ via Getty Images

Introduction When I last wrote about Easterly Government Properties (DEA) in September 2024, the stock was trading comfortably above current levels and the narrative felt straightforward: a high-quality portfolio of mission-critical government-leased assets, a still-reasonable balance sheet, and

Analyst’s Disclosure:I/we have a beneficial long position in the shares of DEA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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December 03, 2025 6:10 AM EST | Source: Ivanhoe Mines Ltd.
2026 copper production range 380,000 to 420,000 tonnes and 2027 copper production range 500,000 to 540,000 tonnes

2026 copper sales expected to exceed production as surplus concentrate inventory at smelter is cleared; first feed is expected at the end of December

Medium-term annualized copper production target maintained at 550,000 tonnes

Kakula Mine Stage 2 dewatering progressing well at over 60% complete; high-capacity submersible pumps lowered to continue dewatering efforts

Johannesburg, South Africa--(Newsfile Corp. - December 3, 2025) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President and Chief Executive Officer Marna Cloete announce today Kamoa-Kakula's copper production guidance for 2026 and 2027, as well as an update on the Kakula Mine's dewatering activities.

Dewatering of the Kakula Mine is progressing well, with dewatering approximately 70% complete on the western side of the mine and 60% complete on the eastern side. To date, 13.4 kilometres of underground workings have been rehabilitated and made safe for resumption of operations, including 4.6 kilometres which were dewatered.

Positive progress to date on underground rehabilitation, along with ongoing mine planning, provides Kamoa-Kakula's management team with sufficient confidence to issue copper production guidance of 380,000 to 420,000 tonnes for 2026 and 500,000 to 540,000 tonnes for 2027. Kamoa-Kakula is still targeting medium-term production of approximately 550,000 tonnes. An updated life-of-mine plan for Kamoa-Kakula is on target for completion in late Q1 2026.

Following the commencement of the Kamoa-Kakula Copper Smelter as announced on December 1, 2025, copper sales in 2026 are expected to be higher than copper production as the on-site inventory of unsold copper concentrate is destocked by approximately 20,000 tonnes of copper.

Ivanhoe Mines Founder and Executive Co-Chairman Robert Friedland commented:

"The turnaround at Kamoa-Kakula is advancing with confidence. Even during the recovery years of 2025 and 2026, this remarkable copper complex is set to produce approximately 400,000 tonnes of copper … an extraordinary testament to the quality of Kamoa-Kakula's world-leading natural endowment. As we move through this transition and into the next phase of growth in the coming years, Kamoa-Kakula and the Western Forelands will become one of the largest, if not the largest, copper complexes in the world. Our stakeholders are blessed with a Tier-One mining complex that will operate for generations to come.

"We are also on the cusp of a transformational change for Kamoa-Kakula and the Democratic Republic of the Congo as we transition from producing copper in concentrate in huge volumes, to producing copper anodes for sale to consumers all over the world, at our own smelter complex, the largest in Africa."

Ivanhoe Mines President and Chief Executive Officer Marna Cloete commented:

"We extend our deepest gratitude to the entire team at Kamoa-Kakula for their unwavering dedication throughout the dewatering and rehabilitation of the Kakula Mine. They have worked under pressure, and done so with discipline, resilience, and an unshakable commitment to doing things the right way. Most importantly, they have carried out this demanding work with an outstanding focus on safety. Their dedication and professionalism are the foundation of our progress, and we are extremely proud of their achievements."

Kakula copper grades improving as dewatering activities re-open higher-grade mining areas

The revised Kakula mine design has been developed based on geotechnical expert guidance, including new pillar designs and extraction sequencing.

Mining rates on the western side of Kakula have increased to an average rate of 350,000 tonnes per month, equivalent to 4.2 million tonnes (Mt) annualized.

Mining activities have been focused on higher-elevation areas in the north and southwest, where copper grades are lower than those of the higher-grade centre section. As water levels on the western side recede, mining crews are advancing towards the high-grade centre section, where grades increase to between 3.5% and 4.0% from mid-December.

Mining rates at Kakula are expected to improve gradually through 2026. Selective mining within the existing workings on the eastern side of the Kakula Mine is expected to start in Q1 2026, augmenting rising production rates from higher-grade areas on Kakula's western side. This is expected to increase production rates to 450,000 tonnes per month, or 5.5 Mtpa annualized, by the end of the quarter. In addition, underground development towards a new mining area further to the east is expected to begin mining ore from mid-year 2026.

Approximately 6 Mt of ore is expected to be mined at Kakula during 2026, which is expected to increase to between 7 and 8 Mt during 2027. Grades are expected to range from 3.5% to 4.5% during this period. Approximately 70% of the ore will be sourced from the western side of the Kakula Mine during 2026, which will reduce during 2027 as new mining areas on the eastern side are opened up. All ore mined from the Kakula Mine will be processed by the Phase 1 and 2 concentrators.

Mining rate of the Kamoa mines targeted to increase to 10 million tonnes per annum in 2027, filling the Phase 3 concentrator and supporting the Phase 1 and 2 concentrators

The combined annualized mining rate of Kamoa 1, Kamoa 2 and Kansoko underground mines (the Kamoa mines) is targeted to increase from approximately 6.5 Mt currently, to approximately 8.5 Mt in 2026 and to over 10 Mt in 2027. Grades from the Kamoa mines are expected to average approximately 2.5% during this period.

Increased mining rates will be supported by a newly commissioned belt at Kamoa 1, new mine accesses at Kansoko Sud to improve efficiency and new mine accesses at Kamoa 2 to increase the number of underground crews. Mining efficiency is also expected to improve through increased end availability and redundancy, as well as other productivity enhancements.

The Kamoa mines are operating in accordance with similar geotechnical expert guidance, incorporating learnings from Kakula.

The increased mining rate will enable the Kamoa mine to feed the Phase 3 concentrator and provide supplementary feed to the Phase 1 and 2 concentrators, as shown in Figure 1.

Total processing capacity of Phase 1, 2 and 3 concentrators to reach 17 million tonnes per annum from 2027

The Phase 1 and 2 concentrators will continue to process ore from the western side of the Kakula Mine and surface stockpiles until Q1 2026 when the stockpiles are depleted. In addition, from Q1 2026, Phase 1 and 2 will be supplemented with an increasing quantity of ore from the eastern side of Kakula, as well as ore trammed from Kamoa.

In 2026, approximately 2 Mt of ore from Kamoa is expected to be processed by the Phase 1 and 2 concentrators. In 2027, this is expected to increase to 2.5 Mt.

The Phase 1 and 2 concentrators have demonstrated combined operating capacity of 10.5 Mtpa, or 5.25 Mtpa per line, since various de-bottlenecking activities were completed.

The Phase 3 concentrator will continue to process at a rate of 6.5 Mt per annum, which has also been demonstrated over many months of operations, fed by the Kamoa mines.

The recoveries of the Phase 1 and 2 concentrators are expected to improve following the completion of Project 95 in Q2 2026, after which recoveries are expected to increase to approximately 95% over time. A similar capital project to increase copper recoveries from Phase 3 to approximately 92% is under consideration but not included in the 2026 or 2027 production profile.

Figure 1. Kamoa-Kakula Copper Complex processing strategy by mining area in 2026 and 2027 (Mt)

 To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3396/276774_4447ebfe14273a8b_002full.jpg

Updated life-of-mine integrated development plan on track for Q1 2026; targeting return of annualized copper production to approximately 550,000 tonnes

Work is advancing on track for the updated life-of-mine integrated development plan to be completed by end of Q1 2026. The plan includes a full review of both the Kakula and Kamoa life-of-mine plans, based on Phase 1, 2 and 3 at a processing rate of 17 million tonnes per annum, prior to the Phase 4 expansion. The study will also include an expansion scenario for Phase 4, intended to increasing processing capacity by 6.5 Mt per annum by constructing a duplicate of the Phase 3 concentrator.

Production rates are expected to steadily improve as the Kakula Mine recovery plan is completed, and annualized copper production expected to return to approximately 550,000 tonnes over the medium and long term.

Kakula Mine Stage 2 dewatering progressing well at over 60% complete; high-capacity submersible pumps lowered to continue dewatering efforts

As announced on September 18, 2025, Stage 2 dewatering activities have been underway since early September, when two pairs of high-capacity submersible pumps, with a combined capacity of 2,600 litres per second were installed and commissioned in under six weeks.

Dewatering activities successfully split the flooded areas into discrete western and eastern zones during the month of November. Dewatering from the western side of the mine is 70% complete (measured by total volume of water) as at the start of December and is expected to be fully completed by the end of January by Stage 3 (steady-state) dewatering.

Stage 3 dewatering consists of re-commissioning the existing, water-damaged underground horizontal pump stations which are used during steady-state operations. The rehabilitation work consists of fitting new pump motors, substations and electrical cabling. All the required equipment is on site, and the installation work will take place once access to the horizontal pump stations becomes available. To date, approximately 800 litres per second of Stage 3 pumping capacity has been re-established. Access to an additional 800 litres per second of pumping capacity is expected by year end, with access to a further 600 litres per second of pumping capacity expected in January 2026.

On the eastern side of the mine, Stage 2 dewatering is 60% complete. The first pair of pumps (Pumps 3 and 4) ran dry during the last week of November, as planned, with the water level declining by a total of 38 metres, or approximately 84% from the initial water level measurement. Following an underground survey, Pumps 3 and 4 were repositioned lower by up to 19 metres to enable pumping to continue for a further 3 weeks.

The second pair of pumps (Pumps 1 and 2), which were installed in a deeper section of the mine, as shown in Figure 2, have reduced the water level by 45 metres, or approximately 48% from the initial measurement. Pumps 1 and 2 are expected to continue operating into Q1 2026, as Stage 3 dewatering is ramped up.

Over 2,200 megalitres of water lie below the level of the Stage 2 dewatering pumps, which will be pumped out gradually using the Stage 3 dewatering infrastructure. This existing flooded mine area is not on the critical path for ramping up mining rates on the eastern side of the Kakula Mine, which will be focused on a new mining area on the east beyond a barrier pillar. Future mining will be de-risked by dewatering in advance of the working face, using similar technology to the Stage 2 dewatering system.

Figure 2. A schematic of the underground water levels at the Kakula Mine as at December 1, 2025, overlaid with the underground pumping infrastructure.

Looking south over the two surface-mounted pump stations that provide the Stage 2 dewatering. Combined, both pumps operate at 2,600 litres per second.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3396/276774_4447ebfe14273a8b_004full.jpg

2026 & 2027 COPPER PRODUCTION GUIDANCE

Kamoa-Kakula Production Guidance
2026 contained copper (tonnes)380,000 - 420,0002027 contained copper (tonnes)500,000 - 540,000Guidance figures are on a 100% project basis.

Kamoa-Kakula's 2026 and 2027 production guidance is based on several assumptions and estimates. It involves estimates of known and unknown risks, uncertainties, and other factors that may cause the actual results to differ materially.

The 2025 production guidance was revised on June 11, 2025 following the seismic activity as reported on May 20, 2025, and associated interruptions in mining operations at the Kakula Mine. The Kamoa-Kakula Copper Complex produced 316,395 tonnes of copper in concentrate for the nine months ended September 30, 2025 and is on track to meet revised full-year guidance of 370,000 to 420,000 tonnes of copper.

Although mining on the western side of the Kakula Mine has restarted, risk factors remain, including the integrity of underground infrastructure once dewatering is complete, the ability to ramp up underground operations, the ability to complete dewatering activities, and the time required to access the new mining areas. The updated 2026 and 2027 production guidance ranges for Kamoa-Kakula are based on an assessment of these factors that management believes are reasonable at this time, given all available information.

Kamoa-Kakula's adjusted 2025 and 2026 capital expenditure guidance, as announced on October 29, 2025 remains unchanged. Cash cost (C1) guidance for 2026 will be provided with the 2025 full-year financial results in February 2026.

Qualified Persons

Disclosures of a scientific or technical nature at the Kamoa-Kakula Copper Complex in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience, and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is Ivanhoe Mines' Executive Vice President, Projects. Mr. Amos has verified the technical data disclosed in this news release.

Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Copper Complex, which is available on the company's website and under the company's SEDAR+ profile at www.sedarplus.ca:

Kamoa-Kakula Integrated Development Plan 2023 Technical Report dated March 6, 2023, prepared by OreWin Pty Ltd.; China Nerin Engineering Co. Ltd.; DRA Global; Epoch Resources; Golder Associates Africa; Metso Outotec Oyj; Paterson and Cooke; SRK Consulting Ltd.; and The MSA Group. The technical report includes relevant information regarding the assumptions, parameters, and methods of the mineral resource estimates on the Kamoa-Kakula Copper Complex cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal operations in Southern Africa; the Kamoa-Kakula Copper Complex in the DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper mine in South Africa.

Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned exploration licences in the Western Forelands, covering an area over six times larger than the adjacent Kamoa-Kakula Copper Complex, including the high- grade discoveries in the Makoko District. Ivanhoe is also exploring for new sedimentary copper discoveries in new horizons including Angola, Kazakhstan, and Zambia.

Website: www.ivanhoemines.com

Forward-looking statements

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the company, its projects, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified using words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events, or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the company's current expectations regarding future events, performance, and results and speak only as of the date of this release.

Such statements include, without limitation: (i) statements regarding production guidance of 380,000 to 420,000 tonnes for 2026 and 500,000 to 540,000 tonnes for 2027; (ii) statements that Kamoa-Kakula is continuing to target medium-term production of approximately 550,000, as the Kakula Mine recovery plan is completed; (iii) statements that updated life-of-mine plan for Kamoa-Kakula is on target for completion in late Q1 2026; (iv) statements that copper sales in 2026 are expected to be higher than copper production as the on-site inventory of unsold copper concentrate is destocked by approximately 20,000 tonnes of copper; (v) statements that mining rates at the Kakula Mine are expected to improve gradually through 2026; (vi) statements that selective mining within the existing workings on the eastern side of the Kakula Mine is expected to start in Q1 2026, augmenting rising production rates from higher-grade areas on Kakula's western side, which is expected to increase production rates to 450,000 tonnes per month, or 5.5 Mtpa annualized, by the end of the quarter; (vii) statements that underground development towards a new mining area further to the east is expected to begin mining ore from mid-year 2026; (viii) statements that approximately 6 Mt of ore will be mined at Kakula during 2026, which is expected to increase to between 7 and 8 Mt during 2027, and that grades are expected to range from 3.5% to 4.5% during this period; (ix) statements that approximately 70% of the ore will be sourced from the western side of the Kakula Mine during 2026, which will reduce during 2027 as new mining areas on the eastern side are opened up; (x) statements that all ore mined from the Kakula Mine will be processed by the Phase 1 and 2 concentrators; (xi) statements that the combined annualized mining rate of Kamoa 1, Kamoa 2 and Kansoko underground mines (the Kamoa mines) is targeted to increase from approximately 6.5 Mt currently, to approximately 8.5 Mt in 2026 and to over 10.0 Mt in 2027, with grades from the Kamoa mines expected to average approximately 2.5% during this period; (xii) statements that increased mining rates will be supported by a newly commissioned belt at Kamoa 1, new mine accesses at Kansoko Sud to improve efficiency and new mine accesses at Kamoa 2 to increase the number of underground crews, and that mining efficiency is also expected to improve through increased end availability and redundancy, as well as other productivity enhancements; (xiii) statements that the increased mining rate will enable the Kamoa mine to feed the Phase 3 concentrator and provide supplementary feed to the Phase 1 and 2 concentrators; (xiv) statements that in 2026, approximately 2 Mt of ore from Kamoa is expected to be processed by the Phase 1 and 2 concentrators, and that in 2027, this is expected to increase to 2.5 Mt; (xv) statements that the recoveries of the Phase 1 and 2 concentrators are expected to improve following the completion of Project 95 in Q2 2026, after which recoveries are expected to increase to approximately 95% over time; statements that a capital project to increase copper recoveries from Phase 3 to approximately 92% is under consideration but not included in the 2026 or 2027 production profile; (xvii) statements that dewatering from the western side of the Kakula mine is expected to be fully completed by the end of January by Stage 3 (steady-state) dewatering; and (xviii) statements that access to an additional 800 litres per second of pumping capacity is expected by year end, with access to a further 600 litres per second of pumping capacity expected in January 2026.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indicators of whether such results will be achieved. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: (i) uncertainty around the rate of water ingress into underground workings; (ii) the ability, and speed with which, additional equipment can be secured, if an as required; (iii) the continuation of seismic activity; (iv) the full state of underground infrastructure; (v) uncertainty around when future underground access can be fully secured; (vi) the fact that future mine stability cannot be guaranteed; (vii) the fact that future mining methods may differ and impact on Kakula operations; and (viii) the ultimate conclusion of the assessment of the cause of the seismic activity at Kakula and the impact of same on the final mining plan at the Kamoa Kakula Copper Complex. Additional factors also include those discussed above and under the "Risk Factors" section in the company's MD&A for the three and nine months ended September 30, 2025, and its current annual information form, and elsewhere in this news release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; changes in the rate of water ingress into underground workings; recurrence of seismic activity; the state of underground infrastructure; delays in securing full underground access; changes to the mining methods required in the future; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

Although the forward-looking statements contained in this news release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors outlined in the "Risk Factors" section in the company's MD&A for the three and nine months ended September 30, 2025, and its current annual information form.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276774

Iridium Communications Inc. (IRDM) Bank of America Leveraged Finance Conference December 2, 2025 3:30 PM EST

Company Participants

Vincent O'Neill - Chief Financial Officer

Conference Call Participants

Ana Goshko - BofA Securities, Research Division

Presentation

Ana Goshko
BofA Securities, Research Division

2025 Leveraged Finance Conference. I'm Ana Goshko. I cover telecom and technology on the credit side, and we're thrilled to have Iridium Communications with us today, and Vincent O'Neill, the company's Chief Financial Officer. I think you go by Vince.

Vincent O'Neill
Chief Financial Officer

Vince.

Question-and-Answer Session

Ana Goshko
BofA Securities, Research Division

Yes, Vince. Yes. Thank you so much for being with us and making the journey here. So without further ado, I thought maybe you could start by, just in case we have anyone in the audience that's new to the Iridium story, just start with a few minute kind of brief summary of the company's history, the nature and scale of your network and then where you participate in the market.

Vincent O'Neill
Chief Financial Officer

Sure. So I assumed the CFO role at Iridium on the 1st of January. I've been at Iridium for 11 years. So I've obviously seen a lot of things during my time there. Spent a lot of time in the corporate planning and development group.

But for those of you who are not familiar with Iridium, Iridium is a company today that throws off over $300 million in free cash flow. And we have a network of satellites that operate in LEO in low earth orbit. And so we have a constellation of 66 satellites that constantly circumference the globe in 6 planes of 11 satellites each.

Our network is global in nature. We're the only truly global satellite provider out there. And we operate in the L-band spectrum. And the L-band

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Bitcoin (BTC) is due for a “parabolic” reaction as a classic volatility indicator plumbs new all-time lows.

Key points:

Bitcoin’s Bollinger BandWidth indicator offers hope of a 2023-style BTC price surge into year-end.

BandWidth avoided a “red” event despite the recent BTC price drawdown.

Traders demand more proof of an enduring market rebound.

Bitcoin Bollinger BandWidth preps “parabolic leg up”In an X thread on Wednesday, macro strategist Gert van Lagen presented a key signal from Bitcoin’s Bollinger BandWidth.

Bollinger BandWidth measures the percentage difference between the upper and lower Bollinger bands, which themselves act as a leading indicator for BTC price volatility.

On monthly timeframes, that difference has never been smaller, per data from sources including Cointelegraph Markets Pro and TradingView.

BTC/USD one-month chart with Bollinger BandWidth data. Source: Cointelegraph/TradingView
History shows that BandWidth rarely drops below 100 on its scale, but each time it does, the BTC price reacts sharply.

“Historically, every time this triggers, Bitcoin follows with a direct parabolic leg up,” Van Lagen commented.

“No red signal flashed in the previous months…” BTC/USD one-month chart with Bollinger BandWidth data. Source: Gert van Lagen/X
An accompanying chart shows previous instances of such a parabolic result. The previous “green” signal came at the start of November 2023, after which BTC/USD doubled in four months.

Continuing, Van Lagen referenced his future BTC price expectations, which involve a final push to new highs before Bitcoin’s next bear market ensues.

“This setup is identical to GOOGL prior to its final blow off wave, right before the 2008 financial crisis. A cascade of lower highs on the Bollinger Bandwidth, which gets broken to feed the subsequent bearish HTF volatility,” he wrote.

Too soon to celebrate?Bitcoin traders remain unconvinced by market strength this week amid tentative signs of a recovery.

$BTC 1W

Still just a breakdown & retest scenario until proven otherwise. Still going to plan.

Volume is low, MACD/RSI needed a reset on 1D and below, + we dropped 45k with no bounce.

I wouldn’t get loud on calling a bottom quite yet. https://t.co/VW0b0VF8IF pic.twitter.com/Rerl1KTvOW

— Roman (@Roman_Trading) December 2, 2025On Wednesday, BTC/USD reached its highest levels in over two weeks, eyeing $94,000 on the back of rumors of a pro-crypto US Federal Reserve chair.

“Price did now make a higher high and higher low, so technically the market structure is back to bullish on this timeframe,” trader Daan Crypto Trades acknowledged in an X post. 

“But to properly get this going I want to see it sustain above this current price area.” BTC/USDT perpetual contract four-hour chart. Source: Daan Crypto Trades/X
As Cointelegraph reported, the current spot price zone holds significant importance for the 2025 yearly candle, with BTC/USD starting the year at $93,500.

“Bitcoin has an entire month to perform 2% upside to end the month above the ~$93500 Four Year Cycle level and close the year as a green candle,” trader and analyst Rekt Capital noted Tuesday.

BTC/USD 12-month chart. Source: Rekt Capital/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

10h15 ▪
4
min read ▪ by
Luc Jose A.

Summarize this article with:

Gold breaks records, global liquidity explodes, but bitcoin lags behind. This divergence raises questions : why does the flagship crypto asset, supposed to protect against monetary dilution, not react ? A Bitwise report reveals an unprecedented valuation gap between BTC and money supply growth. Market error or major opportunity ? The lines could move, and faster than we think.

In brief

Bitcoin remains below the $100,000 mark while global liquidity reaches record levels.
A Bitwise report reveals a 66 % valuation gap between BTC and global monetary growth.
According to their models, the theoretical fair value of bitcoin could be around $270,000.
2026 could mark a turning point if the market finally reacts to current macroeconomic fundamentals.

Bitcoin facing a historic undervaluation according to Bitwise
In its latest macroeconomic report dedicated to bitcoin, the asset manager Bitwise reveals a major undervaluation of the asset compared to the global monetary environment.

“Bitcoin underperforms the global money supply by 66%, implying a fair value close to 270,000 dollars”, explains the report, based on a cointegration model between BTC and the global monetary aggregate M2, currently estimated at 137 trillion dollars. This gap would mark one of the largest discrepancies ever observed between the price of BTC and macroeconomic fundamentals.

Bitwise puts this situation into perspective with a series of cyclical signals which, according to the report, strengthen the thesis of a largely undervalued BTC. Here are the key elements :

66 % undervaluation of BTC relative to global money supply growth, according to their model ;
Estimated fair value : $270,000, against a current market price well below $100,000 ;
Expanding global liquidity : more than 320 rate cuts worldwide in two years ;
The end of the U.S. Federal Reserve’s quantitative tightening (QT) program on December 1st ;
A $110 billion stimulus in Japan, a resumption of quantitative easing in Canada, and a $1.4 trillion budget plan in China.

According to Bitwise, the absence of a Bitcoin market reaction to these factors reflects a rarely seen asymmetric opportunity in the recent history of the asset. The current gap between its price and its theoretical liquidity anchor would represent an upside potential of +194 %, if bitcoin realigns with the implicit levels derived from money supply.

“BTC is historically the most sensitive barometer to monetary dilution due to its absolute scarcity,” the report reminds.

When gold captures flows
From a complementary perspective, some analysts note that gold has absorbed most of the flows related to fears of monetary dilution this year, to the detriment of bitcoin.

According to Jurrien Timmer, Global Macro Director at Fidelity, “the current Bitcoin trend configuration is lagging behind gold, both in terms of momentum and Sharpe ratio, placing the two assets at opposite extremes.”

This last indicator, which measures risk-adjusted return, clearly shows gold’s outperformance over bitcoin in this monetary cycle phase. Timmer does not talk about an imminent reversal, but about a possible mean reversion configuration, implying this divergence could reverse.

Despite this relative underperformance, Timmer remains cautious about the long-term outlook. He says bitcoin “remains broadly aligned with its long-term adoption curve based on a power law,” while noting that its returns become less explosive as the asset matures.

He even compares it to “an early younger brother of gold, in a maturity phase.” This metaphor illustrates the current perception : an asset that retains its fundamentals but whose market cycles are more complex, less impulsive, and perhaps more institutionalized.

Grayscale predicts peaks for bitcoin as early as 2026. It remains to be seen whether the market will confirm this scenario or extend this wait-and-see cycle. Between perceived undervaluation and persistent uncertainty, BTC remains at a crossroads.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

On December 1, the Federal Reserve announced the cessation of its quantitative tightening (QT) program, keeping its balance sheet steady at $6.57 trillion. This unexpected policy turn has rippled through financial markets, drawing the keen eyes of Bitcoin traders and the wider cryptocurrency community.

James Ding
Dec 03, 2025 10:21

PEPE price prediction shows bearish bias with analysts targeting $0.0000034 short-term. Mixed signals from RSI neutral zone vs bullish MACD create trading opportunity.

The meme coin market continues to show volatility, and PEPE price prediction models are painting a mixed but predominantly bearish picture for the coming weeks. With recent analyst forecasts converging around lower price targets, traders need to understand the technical setup before making their next move.

PEPE Price Prediction Summary
• PEPE short-term target (1 week): $0.0000034 (-15% from current levels)
• Pepe medium-term forecast (1 month): $0.0000032-$0.0000044 range
• Key level to break for bullish continuation: $0.0000044
• Critical support if bearish: $0.0000034

The current PEPE price target reflects a challenging technical environment where bearish momentum appears to be building despite some contradictory signals.

Recent Pepe Price Predictions from Analysts
Multiple forecasting platforms have weighed in on PEPE's direction over the past three days, with a clear bearish consensus emerging. CoinCodex has consistently lowered their PEPE price prediction, moving from $0.0000035 on December 2nd to $0.0000034 today, citing "continued bearish indicators."

This downward revision in the Pepe forecast aligns with deteriorating technical conditions, though Long Forecast provided a contrarian view on December 1st with a $0.0000044 target based on "recent support levels." The divergence in analyst opinions creates an interesting setup where the market consensus leans bearish while some technical factors suggest potential upside.

The medium confidence levels across all predictions indicate uncertainty in the current market environment, making risk management crucial for any PEPE positions.

PEPE Technical Analysis: Setting Up for Further Decline
The Pepe technical analysis reveals a complex picture that explains the mixed analyst sentiment. The RSI reading of 45.58 places PEPE in neutral territory, neither oversold nor overbought, which typically suggests consolidation rather than strong directional moves.

However, the MACD histogram showing bullish momentum (0.0000) contradicts the bearish price predictions from analysts. This divergence between momentum indicators and price forecasts often creates opportunities for contrarian traders.

The Bollinger Bands positioning at 0.67 indicates PEPE is trading in the upper portion of its recent range, which could support the bearish thesis if price fails to break higher. The stochastic indicators (%K at 79.41, %D at 49.67) suggest the asset may be approaching overbought conditions in the short term.

Volume analysis shows $56.8 million in 24-hour Binance spot trading, indicating maintained interest despite the bearish predictions. This volume level needs to be monitored closely, as declining volume would confirm the bearish PEPE price prediction scenarios.

Pepe Price Targets: Bull and Bear Scenarios
Bullish Case for PEPE
Despite the prevailing bearish sentiment in current PEPE price prediction models, a bullish scenario remains possible if key resistance levels are cleared. The primary PEPE price target for bulls would be $0.0000044, representing the upper end of recent analyst forecasts.

For this Pepe forecast to materialize, PEPE would need to see RSI break above 50 and maintain bullish MACD momentum. A volume surge above the current $57 million daily average would provide additional confirmation of upward momentum.

The technical setup suggests that any bullish move would likely face strong resistance around $0.0000044, making this level critical for determining whether the positive scenario can extend further.

Bearish Risk for Pepe
The dominant theme in recent PEPE price prediction analysis points toward continued weakness. The primary downside PEPE price target sits at $0.0000034, which represents a confluence of analyst forecasts and technical support levels.

Should this support fail to hold, the next significant level to watch would be around $0.0000032, representing a more severe correction scenario. The bearish Pepe forecast gains credibility from the overall weak bullish trend designation and the distance from 52-week highs.

Risk factors supporting the bearish case include potential broader crypto market weakness, reduced meme coin speculation, and technical breakdown below current support zones.

Should You Buy PEPE Now? Entry Strategy
The current PEPE technical analysis suggests a wait-and-see approach may be optimal given the conflicting signals. For those looking to buy or sell PEPE, specific entry strategies depend on risk tolerance and market conviction.

Conservative Entry Strategy: Wait for a break below $0.0000034 to confirm the bearish PEPE price prediction, then look for oversold bounce opportunities around $0.0000032.

Aggressive Bull Strategy: Enter on any dip toward $0.0000038-$0.0000040 with stops below $0.0000034, targeting the $0.0000044 resistance level.

Risk Management: Given the medium confidence levels in current predictions, position sizes should be kept small (1-2% of portfolio) with strict stop-losses at predetermined technical levels.

The 18.11% daily price change demonstrates the volatility inherent in PEPE trading, making proper risk management essential regardless of the chosen strategy.

PEPE Price Prediction Conclusion
The weight of evidence from recent analyst forecasts and technical indicators supports a bearish PEPE price prediction in the short term, with $0.0000034 representing the most likely target within the next 7 days. However, the bullish MACD momentum creates enough uncertainty to warrant a medium confidence level in this prediction.

Key indicators to watch for confirmation include RSI breaking below 45 (bearish) or above 50 (bullish), volume trends, and whether the current support levels hold under selling pressure. The Pepe forecast timeline suggests this directional resolution should occur within the next 5-7 trading days.

For the prediction to be invalidated, PEPE would need to break convincingly above $0.0000044 with strong volume confirmation, which would shift the technical outlook from bearish to neutral-bullish and potentially target higher levels in the following weeks.

Image source: Shutterstock

pepe price analysis
pepe price prediction

Wed, 3/12/2025 - 9:26

Ripple pushed 1,000,000,000 XRP into circulation, a $2.19 billion unlock that looked like trouble on paper, yet the XPP price chart opened a direct path to the $2.33 zone.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ripple pushed 1,000,000,000 XRP into circulation, a $2.19 billion unlock that looked like trouble on paper, yet the XPP price chart opened a direct path to the $2.33 zone.

As always happens in the first week of a new month, Ripple, the San Francisco-based crypto solutions company known primarily for its association with XRP, released a large portion of the coins from its escrow accounts — 1,000,000,000 XRP to be exact, according to Whale Alert. 

Valued at just over $2.19 billion at press time, such a large volume of cryptocurrency flooding the market, of course, attracted all the attention to the price chart of XRP.

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For those not familiar, Ripple conducts such escrow unlockings each month to gradually release XRP vaults, keeping the pressure off the price. First, the company releases one billion XRP, then some of it gets locked back in. 

The numbers vary, but recent trends indicate that around 600 million XRP make it back to Ripple’s escrows. With 34.47 billion XRP still in the company’s reserves, this monthly routine process is far from over.

What's with XRP price?Back to the XRP price conversation, it should be said that the quotes almost did not feel the pressure at all. There was some selling at the time when Whale Alert’s message hit the timeline, with XRP losing 1.45% in the next three hours, but after that, the price eventually made new local highs, rising by over 3% to the current time.

XRP/USD by TradingVIewThus, to say that the $2.19 billion XRP release on the market was an act of relentless price dumping is an exaggeration.

If the XRP price is able to hold on to recent gains, then the next visible strong level for it seems to be at $2.33, which is another 6.55% higher than the current point. That is where the upper curve of the Bollinger Bands on the daily frame is currently stretching.

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Ethereum’s Fusaka hard fork goes live, boosting data availability, increasing throughput up to 8x, and lowering Layer 2 transaction fees.

Ethereum is set to activate the Fusaka hard fork today, an upgrade designed to improve data availability and scalability across the network.

This marks the ecosystem’s second major hard fork of 2025, following the Pectra upgrade that went live earlier this year.

Data and Performance Improvements
The update is scheduled for release at 21:49 UTC, introducing Peer Data Availability Sampling (PeerDAS) and increasing the network’s capacity to support high-throughput Layer 2 rollups.

Tomorrow: Fusaka

Ethereum’s second major upgrade this year.

→ Feature highlight: PeerDAS – Unlocking up to 8x data throughput. For rollups, this means cheaper blob fees and more space to grow.

Learn more. https://t.co/3TOda5KjY2 pic.twitter.com/sEfeiTamy9

— Ethereum (@ethereum) December 2, 2025

The feature allows Ethereum validators to verify small, randomly selected portions of data instead of having to download entire blocks. This reduces bandwidth requirements by up to 85%, enabling an up to 8x increase in data throughput for Layer 2 networks that rely on the chain for settlement and security.

To support this, Fusaka has included Blob Parameter Only (BPO) forks, which are small configuration changes that adjust the blob target, blob maximum, and fee update fraction.

The upgrade also increases Ethereum’s block gas limit from 30 million to 150 million units, creating room for more transactions in each block. As a result, Layer 2 networks are expected to see a 40–60% drop in transaction fees, depending on overall chain activity and how quickly different rollups integrate the modifications.

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Fusaka further introduces EIP-7825, adding a per-transaction gas cap of about 16.78 million gas. This limit ensures that no single transaction can use an entire block’s capacity, reducing the risk of denial-of-service attacks and laying the groundwork for future execution improvements.

Ethereum Rolls Out Second Major 2025 Hard Fork
The update will be deployed to Ethereum’s mainnet following successful testnet activations on Hoodi, Sepolia, and Holesky. Fusaka is part of the chain’s broader modular roadmap, which aims to separate execution, data availability, and consensus layers to improve scalability without compromising decentralization. It is also the second major hard fork of 2025, following Pectra’s activation, and represents a coordinated improvement to the execution and consensus layers.

Layer 2 networks such as Arbitrum, Optimism, and Base are expected to integrate PeerDAS in the coming weeks. These adoptions will allow them to post more data to Ethereum at lower cost, improving performance for end users and expanding the design space for decentralized applications.

The next scheduled upgrade, Osaka, is expected in 2026 and will introduce blob streaming and stateless validator clients to further reduce costs and improve decentralization.

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Bitcoin may be nearing a make-or-break point as short-term traders sit on the steepest unrealized losses of the current bull cycle.

Short-term Bitcoin (BTC) traders who have held BTC from one to three months have been sitting on losses ranging from 20% to 25% for over two weeks, marking the highest pain point of the current market cycle, according to CryptoQuant analyst Darkfost.

“Once a large portion of them has capitulated, as we have seen in recent weeks, that is usually when the opportunity to accumulate becomes interesting,” he wrote in a Monday note.

This cohort will remain underwater until BTC trades back above its realized price of about $113,692, Darkfost added.

Bitcoin onchain trader realized price and profit/loss margin. Source: CryptoQuantSome of the largest financial institutions remain optimistic about Bitcoin’s trajectory in 2026, despite the current correction.

On Monday, asset management giant Grayscale said that Bitcoin’s current drawdown points to a local bottom ahead of a recovery in 2026, a development that will invalidate the four-year cycle theory, according to the company.

Bitcoin ETF only accounted for up to 3% of selling pressure: ETF analystDespite previous concerns about the large-scale sales from spot Bitcoin exchange-traded fund (ETF) holders, these funds were only a fraction of the selling pressure behind Bitcoin’s price decline.

“I just read that Citi analysts say that for every $1 billion pulled from Bitcoin ETFs it equals roughly a 3.4% drop in Bitcoin's price. Ok, so then by that logic, since the ETFs have taken in +$22.5b of inflows YTD BTC should be up 77% this year,” wrote Bloomberg ETF analyst Eric Balchunas, in a Monday X post.

“ETFs have been like 3% of the total selling tops.” Source: Eric BalchunasMeanwhile, Bitcoin ETFs have started to recover from the $3.48 billion of cumulative outflows recorded during November, marking their second-worst month on record.

The Bitcoin ETFs recorded $58 million worth of net positive inflows on Tuesday, a fifth consecutive day of positive inflows, according to Farside Investors data.

Bitcoin ETF Flow USD, million. Source: Farside InvestorsThose modest inflows may continue as Bitcoin trades back above the $89,600 flow-weighted cost basis for ETF buyers, meaning the average holder is no longer sitting on paper losses.

Looking at the other US crypto funds, spot Ether (ETH) ETFs saw $9.9 million in outflows on Tuesday, while the Solana (SOL) ETFs recorded $13.5 million of net negative outflows, according to Farside Investors.

Magazine: Mysterious Mr Nakamoto author — Finding Satoshi would hurt Bitcoin

The cryptocurrency market is showing signs of stability following days of heavy selling pressure. Bitcoin reclaimed the $93k level a few hours ago, adding 7% to its value in the last 24 hours. The recent positive performance comes amid renewed bets that the Federal Reserve is nearing its first rate cut of the cycle.

American Bitcoin shares plunged nearly 50% after newly unlocked stock hit the market following the lockup expiry.

Ethena’s synthetic-dollar stablecoin USDe saw one of its sharpest monthly contractions yet, while fiat-backed stablecoins including USDT, USDC and PYUSD attracted billions in inflows. 

CoinGecko data showed that Ethena’s USDe stablecoin fell from a market capitalization of $9.3 billion on Nov. 1 to $7.1 billion on Nov. 30. The token saw about $2.2 billion in redemptions, marking a 24% decline in supply in November. 

Ethena’s USDe is a synthetic stablecoin that maintains its dollar peg through trading strategies with crypto and futures contracts rather than holding actual dollars. USDe outflows mean that users are either selling USDe on the open market, withdrawing from pools or unwinding their positions on decentralized applications (DApps).

At the time of writing, CoinGecko data shows that the overall stablecoin market cap is at $311 billion. The market remains dominated by US dollar stablecoins, capturing $303 billion of the sector’s total valuation. 

Ethena USDe stablecoin’s 30-day market capitalization chart. Source: CoinGeckoUSDe outflows follow October depegUSDe’s November contraction comes weeks after the synthetic stablecoin suffered a depegging event on the crypto exchange Binance. At the time, USDe briefly plunged to $0.65 on the exchange. 

Ethena founder Guy Young said that the drop was caused by a Binance-specific oracle issue and not a problem with USDe’s underlying collateral mechanism that backs the asset. 

Young said that the USDe token’s minting and redemption functions operated “perfectly” during the incident, with about 2 billion tokens redeemed across decentralized finance (DeFi) platforms. 

On Oct. 9, USDe market cap hovered at $14.8 billion, making it the third-largest stablecoin at the time. Since then, it has lost over 53% of its market capitalization. 

At the time of writing, CoinGecko data shows that USDe has a total valuation of $6.9 billion, dropping it to the fourth spot in the stablecoin market cap rankings. 

Fiat-backed stablecoins increased by $3.2 billion in NovemberWhile the synthetic-dollar stablecoin struggled during the month, fiat-backed stablecoins recorded modest but steady gains over the same time period. 

Tether’s USDt (USDT) saw a $1.3 billion increase to $184.6 billion, while Circle’s USDC (USDC) climbed to $76.5 billion, adding roughly $600 million to its supply. 

PayPal USD (PYUSD) posted the strongest growth among the major dollar-pegged stablecoins, jumping from $2.8 billion to $3.8 billion in November. This marks 1 billion inflow for the month, a 35% month-on-month growth. 

DefiLlama data showed that the PayPal PYUSD stablecoin expanded by over 216% since September, when it had a market cap of $1.2 billion. This represents a $2.6 billion increase in just three months. 

Source: DefiLlamaRipple’s (RLUSD) stablecoin, which breached a market capitalization of $1 billion for the first time in November, continued its growth throughout the month.

According to CoinGecko, RLUSD went from a $960 million market cap on Nov. 1 to a market cap of $1.26 billion on Nov. 30, marking a $300 million increase. 

Magazine: China officially hates stablecoins, DBS trades Bitcoin options: Asia Express

Bitcoin jumped back above key levels on Wednesday, with prices climbing past $93,000 after dipping to $84,400 earlier this month.

The move followed a sharp sell-off that removed about $8,000 from the price late over the weekend, and traders pushed the coin to a 24-hour peak of $93,910 on Coingecko.

Bitcoin Climbs Above Key Levels
According to MN Fund founder Michaël van de Poppe, regaining ground above $93,000 is important for momentum. He said that if the price holds and breaks higher, a run toward $100,000 becomes more likely.

Bitcoin breaks past the key $93k barrier. Source: Coingecko.
Other analysts echoed the call: Nick Ruck of LVRG Research pointed to macro factors and fresh ETF flows as drivers that could help Bitcoin test six figures in the coming months.

This is what you’d want to see. $BTC coming back up again, after a weird move down on the 1st of this month.

Now, again, breaking the $92K area is crucial.

If that breaks, then I’m sure we’ll start to see a new all-time high and a test at $100K.

A great day on the markets. pic.twitter.com/uy6WPabnQ8

— Michaël van de Poppe (@CryptoMichNL) December 2, 2025

ETF Activity And Market Moves
Reports have disclosed that ETF-related trading helped lift the market. BlackRock’s IBIT recorded over $1.8 billion in volume within two hours after Vanguard reversed a previous stance, and total spot Bitcoin ETF volume topped $5.1 billion on the day.

Market stats showed the broader crypto capitalization rose close to 7% to $3.13 trillion, with BTC dominance climbing to nearly 60%. Bitcoin itself jumped by about 8% after the US market opened, giving larger markets a clear lift.

BTCUSD trading at $93,302 on the 24-hour chart: TradingView
Support Zone Holds Focus
Analysts had been watching the $86,000 to $88,000 band as a critical area of support. Based on reports from active market watchers, that range had been tested dozens of times in recent months and holding above it signaled reduced selling pressure. One analyst argued that a break below would likely lead some big players to change tack, moving from buying to selling behavior.

Liquidations And Net Inflows Changed The Day
Other market observers reported heavy turnover in derivatives and spot markets: over $360 billion in short positions were liquidated, while more than $160 billion was reportedly added back into crypto markets within a 24-hour span. Those figures, if accurate, helped explain the speed of the rebound and the large single-day gains.

Source: Crazzyblockk/CryptoQuant
What Comes Next For Prices
Short-term traders will watch how Bitcoin behaves around $92,000 and whether it can hold above the $86,000–$88,000 floor. Some commentators warned that sudden ETF-driven demand can cause sharp spikes that may not last.

Others pointed to possible policy shifts, such as renewed talk of US interest-rate cuts, as reasons why money might flow into major crypto assets in the months ahead.

For now, prices sit a little above $92,700 at the time of writing. The market is clearly volatile. Investors and traders will likely need to balance the bullish signs against the risk that a fresh round of selling could wipe gains quickly.

Featured image from Gemini, chart from TradingView

Bitcoin trades near $92,900, testing key $93K resistance; analysts eye $105K target if breakout confirms, with $88K–$90K as support.

Bitcoin (BTC) is trading at around $93,000 at press time with a 24-hour trading volume of $91.2 billion. The asset is up 7% over the last day and 6% over the past week.

After dropping below $84,000 earlier in the week, BTC reversed strongly and is now testing a key resistance area around $93,000.

Resistance Near $93,000 in Focus
BTC is currently retesting the neckline of an inverse head-and-shoulders pattern on the 3-hour chart. This level — between $92,000 and $93,000 — is being watched by analysts, including Crypto Patel, who said:

“If this $BTC breakout plays out, we’re eyeing $105K–$107K next.”

This type of chart setup often suggests a possible trend reversal. If the price breaks and holds above the neckline, the projected move points to a target in the $105,000 to $107,000 range. That said, the breakout is not confirmed yet. The price action around the neckline will likely decide the next direction.

Furthermore, analyst Michaël van de Poppe commented,

“If $92K is lost, we’ll probably liquidate some longs and have a relatively harsh drop.”

He added that a move back to the $88,000–$90,000 range would still fit the current trend. That zone has acted as support in the past and lines up with earlier consolidation.

The lower boundary of the pattern is near $82,400. If the price falls below this level, the setup would likely fail. Until then, traders expect some volatility while BTC hovers near resistance.

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Structure Remains Positive on Short-Term Charts
Daan Crypto Trades noted that BTC has made a higher high and a higher low.

“Price did now make a higher high and higher low, so technically the market structure is back to bullish on this timeframe,” he said.

He also pointed to $97,000–$98,000 as a possible short-term target if momentum continues. Meanwhile, data from Glassnode shows short-liquidation clusters forming, which can add buying pressure during upward moves.

In addition, signs of capitulation and seller exhaustion are increasing. CryptoPotato reported that Bitcoin may be near the bottom of the current cycle, based on recent market behavior. These conditions often appear near turning points, though timing remains uncertain. Large buybacks and short squeezes have added to recent upside momentum.

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Key NotesENA jumped nearly 18% as trading volume almost doubled.MORPHO surged 7% and co-founder pointed out massive developments.21Shares announced the debut of EENA and MORPH ETFs.
21shares, one of the leading crypto ETP issuers, revealed two new exchange-traded products tied to Ethena (ENA) and Morpho (MORPHO). The announcement resulted in a sharp uptick in the prices of the tokens.

The new products, the 21shares Ethena ETP (EENA) and the 21shares Morpho ETP (MORPH), now appear on major European exchanges such as SIX Swiss Exchange, Euronext Amsterdam, and Euronext Paris.

Today we’re proud to launch two new products: the 21shares Morpho ETP (MORPH) and the 21shares Ethena ETP (EENA). With these launches, we have now introduced 16 new fully physically backed ETPs in 2025. pic.twitter.com/pb1KbWwa2f

— 21shares (@21shares) December 3, 2025

The products offer investors direct access to rapidly expanding DeFi ecosystems through familiar, regulated financial rails.

“Ethena and Morpho represent two of the most important advances in on-chain financial infrastructure – one tackling the global dollar market and the other redefining decentralized credit,” said Mandy Chiu, Global Head of Product Development at 21shares.

This comes after 21Shares previously announced the cross-listing of six additional ETPs on Nasdaq Stockholm. These include 21shares Aave ETP (AAVE), Crypto Basket Index ETP (HODL), Cardano ETP (AADA), Chainlink ETP (LINK), Polkadot ETP (ADOT), and Crypto Basket 10 Core ETP (HODLX).

ENA Surges as Adoption Accelerates
Ethena’s native token, ENA, saw a massive 18% price surge and claimed a daily high of $0.2802. The token currently trades at $0.2783 with the rally pushing the market cap to $2 billion while trading volume nearly doubled to $367 million.

On the other hand, Ethena Labs described November as a period of intense expansion with ENA listed on new platforms. The project discussed broader oracle transparency, integrations with major partners, and wider adoption of USDe stablecoin.

Here's what happened @ethena_labs in November:

• $ENA went live on on @RobinhoodApp.

• $ENA went live on @HyperliquidX spot via @unitxyz.

• Launched Oracle Specifications Dashboard, providing transparency on partner oracle design, collateral availability, and risk… https://t.co/OU9Is23aRr pic.twitter.com/a4AnNHjiqK

— Ethena Labs (@ethena_labs) December 3, 2025

Despite the latest price jump, ENA trades far below its peak of $1.52.

MORPHO Turns Bullish
Meanwhile, Morpho token climbed 7% over the past day, reaching a high of $1.50 before trading near $1.45. Although still down significantly from its peak of $4.17, the debut of the MORPH ETP makes exposure to Morpho more accessible for traditional investors.

Morpho Blue, the protocol’s foundation, enables custom, risk-isolated credit markets that already support billions in deposits and active loans. Co-founder Merlin Egalite recently said that for DeFi to function as a neutral financial backbone, it must rely on immutable, non-custodial systems.

For DeFi to truly become the backbone of the financial system, protocols need to be immutable and non-custodial so the infrastructure stays credibly neutral: anyone should be able to use it safely without fearing being locked in or locked out.

This is why the Morpho team is… pic.twitter.com/AWcZJ1iTrZ

— Merlin Egalite 🦋 (@MerlinEgalite) December 2, 2025

Morpho’s Vault V2 design represents this through timelocks, independent Sentinel oversight, and mechanisms that allow users to redeem positions directly at the market level. These features aim to protect users while sustaining the protocol’s neutrality.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

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Strategy , the world's biggest corporate stockpiler of bitcoin, is engaging with MSCI about a decision that could potentially exclude it from its indices, its chairman Michael Saylor told Reuters on Wednesday.

Berkshire Hathaway's record cash reserves make it a compelling counterweight to today's AI spending boom.

Shares of Berkshire Hathaway (BRK.B 0.37%) (BRK.A 0.14%) sit in stark contrast to the market's AI (artificial intelligence) enthusiasm. Companies across the tech sector are investing heavily in new data centers and specialized chips, yet Berkshire is letting cash accumulate instead of chasing that trend. The conglomerate's posture has become even more notable as spending on AI infrastructure climbs rapidly and investors debate the long-term return potential of this massive spending.

Berkshire, therefore, offers investors an attractively valued alternative to the AI boom. Not only is the company rich with cash, leaving it ready to deploy it opportunistically if the market takes a hit, but the underlying business is doing very well without any need for huge AI investments.

Here's a closer look at why Berkshire Hathaway is by top pick and biggest holding going into 2026.

Warren Buffett. Image source: Motley Fool.

Lots of cash and impressive performance
By the end of the third quarter of 2025, Berkshire held about $382 billion in cash, cash equivalents, and short-term U.S. Treasuries, up from about $334 billion at the end of 2024. That record balance reflects Berkshire's continued net selling of equities, steady results from non-insurance subsidiaries, good performance from its insurance operations, and a reluctance to pursue deals at elevated prices.

In addition to raising funds to give Abel optionality as he takes the helm at the end of this year, Berkshire's core business is firing on all cylinders. Its operating earnings in the third quarter of 2025 were $13.5 billion -- up about 34% year over year.

The company's defensive posture is a byproduct of an overhyped market.

"Our financial condition continues to hold a lot more in cash and treasuries than I would like," Warren Buffett said at the 2025 annual meeting. He went on to explain that this is simply a function "of when opportunities occur." He emphasized that major buying opportunities appear only occasionally, suggesting Berkshire is waiting for attractively priced deals before committing large amounts of capital.

Berkshire's contrasting move to hoard cash this year while many others are spending it aggressively has shaped the stock's relative performance. Shares have underperformed the S&P 500 in 2025 -- and they have lagged the stock prices of many of the market's hottest AI investments.

Berkshire's leadership transition is a catalyst
Further, Berkshire CEO and chairman Warren Buffett plans to step down as CEO at the end of 2025, with Greg Abel set to assume the chief executive role while Buffett remains a director and major shareholder.

While many might conclude that this is bad news for Berkshire, given Buffett's extraordinary reputation, I actually believe it's a catalyst for the business and -- longer-term -- the stock.

The leadership transition comes at a moment when Berkshire's liquidity and optionality are as high as they have ever been, giving Abel a blank canvas that is big enough for him to completely transform the company into a higher-performing organization -- a key reason the stock remains my largest holding heading into 2026.

The CEO transition comes at an important time. Buffett has said he expects Berkshire's long-term prospects to be even better under Abel's leadership and that he plans to keep his entire Berkshire stake. Abel will inherit a company with vast liquidity, an established culture, and significant room to act if markets become dislocated.

That optionality is one of Berkshire's defining advantages heading into 2026. With nearly $400 billion in liquidity and insurance float, the company could capitalize on opportunities if AI spending leads to overcapacity, balance-sheet strain, or a market sell-off triggered by the bursting of a potential AI bubble.

Even if dramatic opportunities do not emerge soon, there are other ways Berkshire can reward shareholders.

First and foremost, Berkshire could always ramp up share repurchases. With as much cash as Berkshire has, it could dramatically reduce its share count if it wanted to.

Additionally, Berkshire's interest income on its cash and Treasury holdings should remain meaningful even if rates move lower.

Finally, the company could always initiative a dividend or pay a special dividend if its cash hoard becomes too excessive. My guess, however, is that most shareholders would rather see Berkshire hold onto its cash and wait for an opportunity to deploy it -- even if it takes a very long time. The company has a strong track record of deploying capital in this manner, and it is likely to continue doing so effectively in the future.

Of course, it's worth noting that Wall Street doesn't seem to expect a lot from Berkshire. The bar is low, with the stock only trading at 1.6 times book value. So, there's not a lot of excitement priced in anyway -- and this is probably the main reason I'm bullish on the stock.

There are risks, of course. A rapid decline in short-term interest rates would reduce income from Berkshire's Treasury holdings, which have been an important contributor to earnings. In addition, the leadership transition introduces execution risk as the company moves from a uniquely skilled investor to more of an operator.

For investors looking to counterbalance AI-linked exposure or to anchor portfolios with a durable compounder, Berkshire stands out as a good option heading into 2026.

Highlights:

CS25-044: Two (2) separate intervals, including 457.4 metres (“m”) at 1.65% Li2O and 36.9 m at 1.65% Li2O.Drill hole CS25-044 is the widest continuous spodumene pegmatite interval drilled by Q2 to date.Infill drilling for incorporation into the initial Mineral Resource Estimate on the Cisco Lithium Project, expected in Q1 2026, will be completed in the coming weeks.The four (4) drill rigs currently operating on the Cisco Lithium Project will pause mid-December and resume in early January. VANCOUVER, British Columbia, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to report analytical results from the ongoing 2025 drill program (the “2025 Drill Program”) at the Company’s Cisco Lithium Project (the “Project” or the “Cisco Project”), located within the greater Nemaska traditional territory of the Eeyou Istchee James Bay region of Quebec, Canada.

“Drill hole 44 further showcases the Cisco Project as a globally significant hard rock lithium discovery. The results to date will underpin the inaugural Mineral Resource Estimate, which we expect to announce in the first quarter of 2026, as we continue to advance Cisco,” said Alicia Milne, President and CEO for Q2 Metals. “I am proud and grateful for the tireless efforts of our team which have enabled us to consistently achieve the goals, and milestone targets we publicly set for the Company.”

“The standout result from our drilling to date has clearly been drill hole 44. Not only did hole 44 have extraordinary width and grade but it has significant intervals occurring outside the previously defined bounds of the mineralized zone defined by the Exploration Target (“ET”),” said Neil McCallum, Vice President of Exploration for Q2 Metals. “Given our success at the drill bit to date, we are very excited for subsequent assay results, particularly from holes CS25-063 and CS25-065, which also intercepted significant mineralization outside the ET boundaries and further expand and define Cisco’s already impressive footprint.”

The analytical results reported herein represent 2,200.4 m of drilling over four (4) drill holes completed during the 2025 Drill Program. Pegmatite intervals and analytical results from the current program will be reported as they are received and reviewed.

Figure 1. Map of Recent Drill Holes with Analytical Results at Cisco Property

Figure 2. Cross-Section C

Table 1. Summary of Analytical Results of Drill Holes CS25-044, 045, 046 and 047 at Cisco Project

All intervals of greater than 2 m of core-length and greater than 0.30% Li2O are included in Table 1. Internal dilution of non-pegmatite material was limited to intervals of less than 3 m. No specific grade cap or lower cut-offs were used during grade and width calculations. All intervals are reported as core widths and mineralized intervals in all the holes drilled thus far are not representative of the true width as the modelled pegmatite zones are being refined with every additional hole.

Drill Hole Collar Information

The summary of drill holes CS25-044 to CS25-047 including basic location and dip/azimuth, is detailed below (Table 2).

Table 2. Summary of Drill Hole Collar Information, Cisco Project (CS25-044 to CS25-047)

The primary focus of the fall and winter drilling campaign is on infill-scale drilling within the main mineralized zone defined by the ET (the “Mineralized Zone”), issued by the Company in July 2025. The Exploration Target estimated a range of potential lithium mineralization at the Mineralized Zone of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li2O and was based only on the first 40 holes drilled. An Exploration Target is used to provide a conceptual estimate of the potential quantity and grade of a mineral deposit, based on known and additional limited geological evidence. It is an early-stage assessment that will help to guide further exploration, but it is not a mineral resource or mineral reserve and should not be treated as such.

The drill campaign has been designed to support the Company’s objective of delivering an initial inferred Mineral Resource Estimate in the first quarter of 2026. Drilling at the Cisco Project is ongoing, with four (4) drill rigs currently operating on site.

Upcoming Events

Members of the Q2 team are currently attending the Mines & Money Resourcing Tomorrow (Booth D35) conference being held in London, UK from December 2-4, 2025.

Sampling, Analytical Methods and QA/QC Protocols

All drilling was conducted using diamond drill rig with NQ sized core and all drill core samples are shipped to SGS Canada’s preparation facility in Val D’Or, Quebec, for standard sample preparation (code PRP92) which includes drying at 105°C, crushing to 90% passing 2 mm, riffle split 500 g, and pulverize 85% passing 75 microns. The pulps are then shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the samples are homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (code GE_ICM91A50). The reported Li grade will be multiplied by the standard conversion factor of 2.153 which results in an equivalent Li2O grade. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness.

A Quality Assurance / Quality Control (QA/QC) protocol following industry best practices was incorporated into the sampling program. Measures include the systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split and reject-split duplicates was completed to assess analytical precision. The QP has verified the QA/QC results of the analytical work.

Qualified Person 

Neil McCallum, B.Sc., P.Geol, is a Qualified Person as defined by NI 43-101, and a registered permit holder with the Ordre des Géologues du Québec and member in good standing with the Professional Geoscientists of Ontario. Mr. McCallum has reviewed and approved the technical information in this news release. Mr. McCallum is a director and the Vice President Exploration for Q2. 

ABOUT Q2 METALS CORP. 

Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project which is located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Quebec, Canada. The known mineralized zone at Cisco is just 6.5 km from the Billy Diamond Highway, which leads to the railhead in the Town of Matagami, approximately 150 km to the south.

The Cisco Project has district-scale potential with an initial Exploration Target estimating a range of potential lithium mineralization of 215 to 329 million tonnes at a grade ranging from 1.0 to 1.38% Li2O, based only on the first 40 holes drilled. It is noted that the potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient exploration to estimate and define a Mineral Resource, as defined by NI 43-101. It is uncertain if further exploration will result in the target being delineated as a Mineral Resource. 

The 2025 Exploration Program is ongoing, prioritizing infill drilling towards an initial mineral resource estimate expected in Q1 2026. Expansion and exploration drilling continues at the main zone, which remains open at depth and along strike, as well as at high potential targets identified across the broader 41,253 hectare project area.

FOR FURTHER INFORMATION, PLEASE CONTACT:              

Social Media: 
Follow the Company: Twitter, LinkedIn, Facebook, and Instagram 

Forward-Looking Statements 

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. 

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, drilling results on the Cisco Project and inferences made therefrom, the conceptual nature of an exploration target on the Cisco Project, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company's expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, reallocation of proposed use of funds, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.com .   

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/09e6b2ee-3545-4317-9673-e07a8ca4732b
https://www.globenewswire.com/NewsRoom/AttachmentNg/ddf4d5b2-5801-4f0c-98b0-90d30cce4f7a
https://www.globenewswire.com/NewsRoom/AttachmentNg/6a6f15b2-8450-4c91-974f-0a4259f026e3
https://www.globenewswire.com/NewsRoom/AttachmentNg/3b11d507-de38-42ab-8eed-ee86e53220ce

NEW YORK--(BUSINESS WIRE)--Coremont, a leading provider of real-time, multi-asset class portfolio management software and analytics, today announced a $40 million strategic growth investment from funds managed by Blue Owl Capital (NYSE: OWL), a leading asset manager with $295 billion in assets under management. The investment recognizes Coremont's position as a critical infrastructure partner to asset managers, hedge funds, and financial institutions seeking sophisticated portfolio analytics an.

December 03, 2025 04:00 ET

 | Source:

Nokia Oyj

Press Release
Nokia powers Dutch digital services with next-generation 800G-ready KPN core and transport network

Unlimited data capacity, full network resilience and robust security to meet national demand for connected services for millions of Dutch customers.Strategic upgrade forms the digital backbone for KPN’s FabriQ architecture, linking all access types to any service or cloud.Energy-efficient IP and optical solutions from Nokia reduce power consumption and support KPN’s long-term automation goals. 3 December 2025
Espoo, Finland – Nokia today announced it has been selected by KPN, a Dutch telecommunications company, to help transform the Netherlands’ core digital infrastructure through the deployment of an 800G-capable IP and optical network. This nationwide initiative, known as FabriQ, forms the ‘digital aorta’ for all fixed and mobile services delivered by KPN to millions of consumer, business and wholesale users across a range of enterprise sectors, supporting increased speed, greater resilience and supporting KPN’s focus on reduced energy use.

KPN is the leading telecom provider in the Netherlands, offering mobile, fixed-line, IT and wholesale services. The company has been rapidly expanding its fiber-optic network, aiming to make high-speed broadband widely available across the Netherlands.

With Nokia’s latest generation of FP5-powered IP routers and PSE-6-based optical systems, KPN’s network will support more than 216 terabits per second (Tbps) – up from 48 Tbps today – and enable customer services of more than 10 gigabits per second. The new architecture also strengthens resiliency and automation capabilities, making the network more secure, flexible, and scalable for the long term. This strategic deployment replaces the current infrastructure and helps KPN meet its ambition to maintain the position as the Netherlands’ leading digital service provider.

This program also marks the first brownfield deployment of segment routing over IPv6 (SRv6) at this scale in Europe. By decoupling network control from physical topology, SRv6 enables simplified automation, improved fault handling, and more flexible traffic management – essential for supporting dynamic, cloud-based services, which are increasingly becoming the backbone of modern economies.

“FabriQ is the foundation of KPN’s digital infrastructure. It supports millions of Dutch businesses and users across a range of sectors including manufacturing, commercial real estate and smart building. We are happy to select Nokia as our technology partner. Nokia’s high-performance IP and optical platforms give us the capacity, security and automation we need for today’s services and for the next decade of digital growth,” said Erik Brands, Executive Vice-President, Network, KPN.

“This project marks the next chapter in our longstanding relationship with KPN as we support the company in building one of Europe’s most advanced core and transport networks. By introducing 800G-ready systems, SRv6 capabilities and massive capacity upgrades, KPN is raising the bar for telco infrastructure – whilst doing so with a sharp focus on energy efficiency, service flexibility and long-term resilience,” said Matthieu Bourguignon, Senior Vice-President, Network Infrastructure, Europe, Nokia.

The FabriQ network is designed to seamlessly connect any type of access to any service on any layer, whether to KPN’s own cloud or public cloud providers, with advanced encryption and intelligent failover built in. It will also support a wide range of services such as IP core and peering, metro core, monitoring and lawful intercept, optical core and service edge, enabling business and wholesale customers across the country to benefit from high-capacity connectivity and improved quality of service.

Resources and additional information:
Optical networks: Optical networks
IP networks: IP networks

About Nokia
Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, powered by the innovation of Nokia Bell Labs, we’re advancing connectivity to secure a brighter world.

Media inquiries
Nokia Press Office
Email: [email protected]

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PARIS, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) today announced the successful start-up and inauguration of its new finishing lines at its Singen plant in Germany. This milestone marks the completion of the €30 million investment announced in 2024 in partnership with Lotte Infracell, a subsidiary of Lotte Aluminium, to supply high-quality aluminum foilstock for battery applications in Europe.

The project was executed safely, on schedule and on budget. Construction of the new building was completed in April 2025, followed by the installation and commissioning of equipment. In November 2025, the Singen team successfully produced the first coil for qualification with Lotte Infracell, marking the official start of production.

“The start-up of the new finishing lines represents a major achievement for our Singen team and a significant step forward in expanding our production capabilities,” said Matthew Perkins, Business Unit President, Packaging & Automotive Rolled Products. “This investment highlights our ongoing commitment to operational excellence, innovation, and meeting the evolving needs of our customers across the aluminum industry.”

The new facility features state-of-the-art edge trimming and packing lines, supported by dedicated logistics and buffer areas that optimize production flow and material handling. The line processes dimensions up to 2,000 mm widths and 1.3 mm thicknesses. It can handle aluminum coils for different market segments with high productivity.

The installation of a solar power system is expected to generate approximately 760,000 kWh of renewable energy each year, reducing the site’s carbon footprint. The building is also equipped with a fire protection wall separating it from existing facilities and a sprinkler system covering both production and truck loading areas, reflecting Constellium’s strong focus on safety.

“This new capacity reinforces Constellium’s strategic role in supporting the transition to e-mobility and sustainable energy applications,” stated Bernd Honsel, Plant Director Constellium Rolled Products Singen. “This investment strengthens Singen’s position as a center of excellence for high-performance aluminum products,” he continued.

About Constellium

Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value-added aluminum products for a broad scope of markets and applications, including aerospace, packaging and automotive. Constellium generated $7.3 billion of revenue in 2024.
www.constellium.com

Forward-looking statements

Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release may contain “forward-looking statements” with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statements because they contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets, while others are more specific to our business and operations. These risks and uncertainties include, but are not limited to: market competition; economic downturn or industry specific conditions including the impacts of tax and tariff programs, inflation, foreign currency exchange, and industry consolidation; disruption to business operations; natural disasters including severe flooding and other weather-related events; the conflict between Russia and Ukraine and other geopolitical tensions; the inability to meet customer demand and quality requirements; the loss of key customers, suppliers or other business relationships; supply disruptions; excessive inflation; the capacity and effectiveness of our hedging policy activities; the loss of key employees; levels of indebtedness which could limit our operating flexibility and opportunities; and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 10-K, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.

Media Contacts  Investor RelationsCommunicationsJason HershiserDelphine Dahan-KocherPhone: +1 443 988-0600Phone: +1 443 420 [email protected]@constellium.com  

December 03, 2025 04:02 ET

 | Source:

Comcast

Livermore, CA, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Samaritan House and Second Harvest of Silicon Valley receive support in time for the Holidays.

As the holiday season approaches, many families in our communities face challenges that make it difficult to put nutritious meals on the table. This is a time when coming together matters most. By supporting local organizations and initiatives, Comcast is helpings families with food, providing needed comfort during the holidays. Most recently, Comcast announced grants of $30,000 to Samaritan House and $30,000 to Second Harvest of Silicon Valley.

“When leaders across San Mateo and Santa Clara Counties asked for help with those experiencing food insecurity, we contacted Samaritan House and Second Harvest and let them know we wanted to contribute,” said Zenia Zaveri, Vice President of External Affairs at Comcast California. “At Comcast, we are proud to support the communities in which we live and work, and holidays can be particularly difficult for those in need.”

“Comcast is stepping up at a time when hunger is affecting far too many families in our community. Their gift impacts Second Harvest and its entire partner network of 400 nonprofit organizations, who help us distribute food at more than 900 sites so families can access nutritious meals close to home. Thanks to this support, neighbors can continue to rely on trusted community organizations for the food they need to stay healthy and stable,” said Shobana Gubbi, Chief Philanthropy Officer, Second Harvest of Silicon Valley.

Samaritan House CEO Laura Bent described it this way, "We are so grateful for Comcast’s generous support! They saw the need in the community and stepped up, unsolicited, to help local families in need. So many neighbors are struggling, and these funds will go a long way in supporting them and helping them share a joyful holiday season with their loved ones."

Last month, Comcast announced a $15,000 contribution to the San Bruno Firefighters Association for their 2025 Holiday Toy Program and earlier this year a $50,000 to the San Bruno Education Foundation. Over the past three years, Comcast has invested over $130 million in cash and in-kind donations in California. For more information regarding Comcast’s support of California communities, visit california.comcast.com. 

About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

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COMCAST TO PROVIDE $60,000 TO ASSIST WITH FOOD INSECURITY IN THE BAY AREA

Contact Data

External Communications Sr. Manager
Adriana Arvizo
Comcast California
[email protected]