Market Signal Briefing

Key NotesUDR President Eric Ciotti will present the bill to the National Assembly with a proposal to acquire 2% of the BTC supply.If signed into law, France would acquire 420,000 BTC over the next 7 to 8 years.The concept of a Bitcoin Strategy Reserve is now active across different countries.
France has introduced a bill to accumulate 2% of Bitcoin’s

BTC
$114 411

24h volatility:
0.9%

Market cap:
$2.28 T

Vol. 24h:
$49.18 B

fixed supply in a bid to become the first country to establish a BTC Strategic Reserve in Europe.

This marks a strategic move in the region and a demonstration of the country’s footprint in the cryptocurrency space.

France Plans to Acquire 420,000 BTC Over 7-8 Years
On October 28, The Big Whale co-founder Gregory Raymond revealed that a pro-crypto bill will be submitted to the National Assembly on October 28.

According to this announcement, Eric Ciotti, President of UDR, will present the bill to the bloc. Raymond noted that this is the first time that such a comprehensive bill has been proposed in France.

In another X post, Alexander Laizet, Director of Bitcoin Strategy at The Blockchain Group, stated that the bill proposes to acquire 420,000 BTC over 7-8 years to protect France’s financial sovereignty.

To achieve this feat, the proposal aims to utilize nuclear and hydroelectric Bitcoin mining and perpetual holding of the top coin.

France introduces a bill to accumulate 2% of Bitcoin’s fixed supply and establish Europe’s First Bitcoin Strategic Reserve⚡️

This bill from @partiudr @eciotti proposes the acquisition of 420,000 BTC over 7-8 years to protect France’s financial sovereignty using nuclear and… https://t.co/EOO2pLhOMh

— Alexandre Laizet ⚡️ (@AlexandreLaizet) October 28, 2025

In conclusion, Laizet emphasized that Capital B, France’s and Europe’s first Bitcoin treasury, which already holds more than 2,249 BTC, is ready for that future.

Apart from the general boost in crypto adoption in Europe, it is worth noting that France is also making other pro-crypto efforts. Back in July, the government developed a 5-year Bitcoin mining plan to effectively manage its surplus electricity.

In addition, it plans to generate up to $150 million from the crypto industry by tightening wastage. The bill was submitted to the French National Assembly.

Bitcoin Strategy Reserve Becomes a Sensation
On the subject of Bitcoin reserve, since the US announced its plans, several others have followed suit.

In Germany, Aifinyo AG converted its balance sheet to Bitcoin, becoming the first company in the region with a pure-play BTC treasury strategy modeled after Michael Saylor’s Strategy Inc.

In August, Bitplanet unveiled its plans to establish South Korea’s first institutional Bitcoin treasury, allocating $40 million to BTC purchases.

This came after Nasdaq-listed K Wave Media disclosed plans for a $1 billion Bitcoin treasury backed by financing agreements with Anson Funds.

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

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

The French UDR party presented a new multi-point bill to the French Parliament, outlining the creation of a national crypto treasury with up to 420,000 BTC from mining, seized wallets linked to financial crimes, and daily purchases for up to 55,000 BTC per year.

Key NotesEvernorth accumulates $1 billion worth of XRP to build a dedicated treasury.XRP price rises 1.5% to $2.66 amid renewed investor enthusiasm.Evernorth aims to go public on Nasdaq under the ticker XRPN.
Ripple’s new venture, Evernorth Holdings, has recently acquired around $1 billion worth of XRP

XRP
$2.64

24h volatility:
0.4%

Market cap:
$158.57 B

Vol. 24h:
$4.22 B

tokens.

The move marks one of the largest single-entity accumulations of XRP to date, suggesting a renewed institutional push for the cryptocurrency’s adoption.

According to data from CryptoQuant, Evernorth’s XRP holdings total 388.7 million tokens, purchased at an average price of $2.44 per coin.

Evernorth Holdings Now Holds 388,710,606.03 XRP, Reaching 95% of its Target

“Their average purchase price sits around $2.44, which could mark a key level for Ripple’s future price action.” – By @JA_Maartun pic.twitter.com/qZmCKs9gk6

— CryptoQuant.com (@cryptoquant_com) October 27, 2025

At the current XRP market price of around $2.66, the company’s holdings are worth about $1.03 billion. This gives Evernorth an unrealized profit of approximately $85.5 million.

Evernorth Prepares to Go Public
Evernorth officially launched on October 20 as a Ripple-backed digital asset management and treasury firm. Led by Ripple veteran Asheesh Birla, the company aims to act as a bridge between traditional finance and the XRP ecosystem.

Evernorth is reportedly preparing to go public through a SPAC merger with Armada Acquisition Corp II. Once the merger finalizes, it will trade under the ticker XRPN on Nasdaq.

The merger aimed to raise at least $1 billion in funding, with backing from Ripple, SBI Group, Rippleworks, and other private investors. Birla described the initiative as a “major step toward institutionalizing XRP holdings.”

Market Reaction and Broader Context
Evernorth’s aggressive accumulation has boosted optimism among XRP investors. The fourth largest cryptocurrency bounced from $2.60 to $2.66 on October 28, recording a 10% weekly gain.

The news also comes amid rising speculation about the approval timeline for spot XRP ETFs in the United States. The SEC has yet to make a final decision, potentially delayed by the ongoing government funding uncertainty.

Analysts suggest that institutional moves like Evernorth’s could strengthen XRP’s long-term credibility.

Popular analyst Ether Nasyonal recently noted that XRP remains in a multi-year reaccumulation phase, trading between its 2017 and 2021 peaks.

$XRP You're not ready for the next wave 🌊

Stuck between its 2017 and 2021 peaks, XRP is maturing in a years long reaccumulation phase.
This silence is a precursor to a major move.

Once the structure is complete, a new parabolic wave will take hold. https://t.co/ixYYgqXt35 pic.twitter.com/W6CM9JahSk

— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲 (@EtherNasyonaL) October 27, 2025

The analyst predicted that once this structure completes, XRP price could see a new “parabolic move,” making it a top crypto to buy in 2025.

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

Dogecoin (CRYPTO: DOGE) is clinging to the $0.20 level, with analysts pointing to upcoming macro events as potential catalysts for a breakout.

What Happened: Prominent analyst Kevin noted DOGE continues to defend the 0.5 Fibonacci retracement ($0.1904) and weekly 100 EMA, keeping its 7-month rising channel intact.

However, resistance at $0.208–$0.221 remains a hurdle, aligning with key moving averages and the bull market support band. A rejection there could push DOGE back to the lower channel boundary.

Kevin cautioned that liquidity across altcoins remains thin, reflecting consolidation as Bitcoin trades in a four-month range.

On the 3-day chart, DOGE is still below key moving averages, but momentum has reset and a new buy signal may be forming.

The analyst noted that liquidity remains thin across altcoins, reflecting overall market consolidation led by Bitcoin's 4-month range.

Also Read: Dogecoin Spikes Amid US-China Trade Agreement: Analyst Sees 60% Upside If DOGE Holds This Key Support

What's Next: Dogecoin's next move hinges on macro catalysts such as the FOMC meeting, Trump–Xi talks, and earnings data.

Positive outcomes combined with Bitcoin (CRYPTO: BTC) stability could fuel a breakout in DOGE and other majors.

Meanwhile, trader Mags suggested DOGE is "gearing up for a major move," as Ali Martinez reported large whales sold 500 million DOGE in the past week.

Technical analyst EtherNasyonal added that Dogecoin appears to be entering its third parabolic phase, with market calm hinting at a potential "calm before the storm."

The current cycle marks the third in this sequence, and while the explosive phase hasn't begun yet, the structure is steadily maturing.

Read Next:

SHIB Burn Rate Soars To 26,493%, DOGE Soars To 20 Cents: What’s Going On?
Image: Shutterstock

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© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Cantonese Cat used his October 28 video to zero in on the Dogecoin market structure, arguing that the meme-coin is nearing the end of a multi-year accumulation phase—and that the recent washout was a feature, not a bug, of that process. While he declined to publish numeric price targets in the video, he made the case that DOGE’s setup is maturing in lockstep with broader “risk-on” signals, with a familiar lag to Ethereum that historically precedes Dogecoin’s larger moves.

When Will Dogecoin Rally Again?
On structure, he was explicit. “Just looking at Doge here, you can see how […] Doge has been forming a cup over here for close to four and a half, five years now […] it’s just been building a big giant base.” In his read, the rounded bottom is the defining pattern of this cycle for DOGE, and it remains intact despite recent volatility.

He framed the sharp drawdown two weeks ago as necessary positioning rather than a break in trend: “You just had a great deleveraging event […] I’m not going to look at a lower low and think the trend is broken […] These are very healthy deleveraging before the next move up as far as I’m concerned.” He highlighted “a big giant wick” and “a lot of demand down below,” pointing to what he sees as resilient spot support through the base.

Timing, not targets, was the centerpiece. He reiterated that Dogecoin typically follows Ethereum with a delay once ETH clears its own major resistance bands. “Whenever we get closer to the end of the rounded bottom […] that’s when Ethereum breaks out above the resistance zone and goes up a lot higher. Thus, Doge runs together with Ethereum,” he said, adding: “There is a lag. I would say the lag is probably maybe a couple months between Ethereum breaking up and Doge finally breaking above this rounded bottom here and going up.”

Dogecoin vs Ethereum | Source: X @cantonmeow
He made a similar observation using risk proxies, noting that DOGE moves have historically trailed small-cap-led risk cycles by several months, though he cautioned that the exact interval can vary. Via X, he added “DOGE lags behind IWM [iShares Russell 2000 ETF] all-time-high breakout by about 2 to 4 months before it takes off.”

Dogecoin vs IWM | Source: X @cantonmeow
Cantonese Cat also pushed back on the view that a sequence of lower lows automatically invalidates the DOGE setup, arguing that this occurred in prior cycles just before outsized rallies. “A lot of people look at this, ‘that’s a lower low […] the cycle is over.’ Well, it doesn’t work that way. That’s a lower low right there. Next thing you know, it just went a lot higher,” he said, tying the observation to the current “healthy deleveraging” and the persistence of the rounded-bottom structure.

If the video offered the structural blueprint, his same-day post on X clarified his stance on headline targets. “I realize that it’s stupid to call for DOGE to $2 or $4 when price is at 20 cents. If I was smart like others, I should just call for DOGE to $2 or $4 when it’s $2 or $4.” The comment is consistent with his prior price predictions.

Inside the video update, the analyst instead emphasized the sequence he expects to matter—ETH strength first, DOGE follow-through second, with the magnitude determined by how far the broader risk cycle runs once momentum rotates.

At press time, DOGE traded at $0.20.

DOGE bulls need to break above the 0.236 Fib, 1-day chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

More than 100 firms across finance, payments, and technology are participating in the network's early development.

October 28, 2025 07:00 ET

 | Source:

EVgo Services LLC

LOS ANGELES, Oct. 28, 2025 (GLOBE NEWSWIRE) -- EVgo Inc. (Nasdaq: EVGO), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), today announced that it will release its third quarter 2025 financial results on Monday, November 10. This release will be followed by a webcast hosted by members of the EVgo management team at 8 a.m. ET (5 a.m. PT).

EVgo Third Quarter 2025 Webcast
When: Monday, November 10
Time: 8 a.m. ET (5 a.m. PT)
Live Webcast: https://investors.evgo.com/events-and-presentations

A copy of the press release with the financial results and the presentation discussed during the webcast will be available on the Investor Relations section of EVgo's website prior to the commencement of the webcast. An archive of the webcast will be available for a period of time shortly after the call on the Events & Presentations page in the Investor Relations section of EVgo’s website.

About EVgo
EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,100 fast charging stations across over 40 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience.

For Investors:
[email protected]

For Media:
[email protected]

Katy, Texas, Oct. 28, 2025 (GLOBE NEWSWIRE) -- CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors unaudited financial results for Q3-2025.

Key Financial Highlights for Three Months Ended September 30, 2025, Compared to Prior Year Period:

2025 Revenues of $1.69 Million vs 2024 Revenues of $2.18 Million2025 EBITDA of $57,879 vs 2024 EBITDA (loss) of $(26,934)2025 Net Income of $10,441 vs 2024 Net Income (loss) of $(84,178) The Company continues to position itself as a strong uplist candidate for the Nasdaq or NYSE.

Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

CWPE Overview
CWPE Security Detail
CWPE Financials
CWPE News
CWPE Disclosures

SEC Filings

For additional information, visit our website at cwpetroleumcorp.com, email: [email protected] , or call 281-817-8099

About CW Petroleum Corp

CW Petroleum Corp, a Texas corporation, began operations in 2011. CW Petroleum Corp, a Wyoming corporation, was incorporated in April 2018 and has acquired the Texas corporation as a wholly-owned subsidiary. CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a 92 Octane Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users. The EPA licenses the Company to create its proprietary gasoline blends. CW Petroleum Corp is licensed to distribute Diesel Fuel & Gasoline by the States of Texas, Louisiana, Oklahoma, California, Colorado, New Jersey, Maryland, Pennsylvania, and Arizona.

Forward-Looking Statements

Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

October 28, 2025 7:00 AM EDT | Source: New Orleans Investment Conference
Toronto, Ontario--(Newsfile Corp. - October 28, 2025) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) announced today that it will be participating in the 51st Annual New Orleans Investment Conference at the Hilton New Orleans Riverside November 2 - 5, 2025. Frank Candido, Chairman, will be presenting November 2-5, 2025, and is looking forward to networking with investors during the Conference.

The New Orleans Investment Conference gathers some of the world’s brightest and most successful analysts, newsletter writers and investors. This year’s event will highlight all major asset classes, including Gold.

About Delta Resources Limited

Delta Resources is a Canadian mineral exploration and project development company focused on its Delta-1 project in Ontario, where it has discovered a large, near-surface gold deposit located 50 kilometres west of Thunder Bay, directly adjacent to the Trans-Canada Highway. The Eureka Gold Deposit extends 2.5 km in strike length, from surface to over 300 metres in depth. Highlights include drill intercepts such as 5.92 g/t Au over 31 metres (including 14.8 g/t Au over 11.9 metres), and 1.79 g/t Au over 128.5 metres. Mineralization has been observed up to 600 metres vertical depth and remains open in all directions. The property covers 297 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with and to the south of the Eureka gold zone and that have yet to be thoroughly explored. We seek safe harbour. 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. The TSX Venture Exchange has not approved nor disapproved of the information contained herein. 

For Further Information: Contact Delta Resources Limited, Frank Candido, Chairman, Tel: 514-969-5530, [email protected], or Ron Kopas, CEO (Interim), [email protected].

About The New Orleans Investment Conference

The New Orleans Investment Conference is the one place where the world’s most sophisticated investors gather every year to discover new opportunities and strategies, exchange ideas, plan for the coming year and enjoy the camaraderie of like-minded individuals in America’s most fascinating and entertaining city.

Headliners at the New Orleans Conference over the last 50 years have included Lady Margaret Thatcher, former President Gerald Ford, novelist Ayn Rand, General H. Norman Schwarzkopf, Nobel Prize-winning economists Milton Friedman and F.A. Hayek, Dr. Henry Kissinger, Senator Barry Goldwater, Admiral Hyman Rickover, Louis Rukeyser, Sir John Templeton, Lord William Rees-Mogg, Charlton Heston, Jeane Kirkpatrick, Robert Bleiberg, Jack Kemp, William F. Buckley, General Colin Powell, Ron Paul and J. Peter Grace, among hundreds of other notables.

This year’s speakers line-up includes the likes of Matt Taibbi…Rick Rule...Mary Katharine Ham…Danielle DiMartino Booth…Brent Johnson…George Gammon…Peter St. Onge…Viva Frei…Robert Kiyosaki…Peter Boockvar…Jim Bianco…Jim Iuorio…Adam Taggart…Peter Schiff…Adrian Day…Mike Maloney…Alex Green…Dave Collum…Robert Prechter…Robert Helms…Russ Gray…

PLUS Mark Skousen...Lawrence Lepard…Jordan Roy-Byrne…Dan Oliver…Jeff Phillips…Lobo Tiggre…Tavi Costa…Nick Hodge…Chris Powell…Dana Samuelson…Jennifer Shaigec…Rich Checkan…Thom Calandra…Mary Anne & Pamela Aden…Omar Ayales…Bill Murphy…Gerardo Del Real…Steve Hochberg…Albert Lu…Lindsay Hall...Kerry Stevenson… and more, including Brien Lundin, host of this illustrious event.

Don’t miss out. Register for the 51st Annual New Orleans Investment Conference by clicking here.

October 28, 2025 7:00 AM EDT | Source: Scottie Resources Corp.
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to announce the results of an independent Preliminary Economic Assessment ("PEA") completed by Tetra Tech Canada, Inc. ("Tetra Tech") for the Scottie Gold Mine project in British Columbia, Canada.

The PEA outlines a robust Direct-Ship Ore ("DSO") development scenario for the Scottie Gold Mine Project, with strong economics and leverage to the current gold price environment, and additional upside potential through toll milling. All dollar ($) amounts in this news release are in Canadian dollars ($) unless otherwise indicated. The base case DSO project delivers an after-tax NPV(5%) ranging from $215.8 million to $668.3 million at gold prices of US$2,600/oz and US$4,200/oz, respectively. Importantly, the PEA also presents the opportunity to utilize excess capacity at the nearby Premier mill through a toll-milling arrangement, which could significantly enhance project economics. Under this scenario, the after-tax NPV(5%) increases to $380.1 million at US$2,600/oz and $831.7 million at US$4,200/oz (note: no toll-milling agreement is currently in place). The PEA contemplates an initial capital cost of $128.6 million and average annual production of approximately 65,400 ounces of gold over a seven-year mine life. The project demonstrates a compelling after-tax payback period of 1.7 years for the standalone DSO case, and just 0.9 years under the toll-milling opportunity at a gold price of US$2,600/oz.

The Company will be hosting a webcast to review the PEA on Wednesday, October 29, 2025 at 8:00am PT. To join the webcast, please follow this link:

https://www.gowebcasting.com/14523

Table 1: Gold Price Sensitivity and Comparison table between DSO Base Case and Toll Milling Options for the Scottie Gold Mine Project.

Gold PriceDescriptionDSO Base 
CaseToll Milling 
Option*$2600 
US/ozAfter-Tax NPV5% $215.8M$380.1MAfter-Tax IRR 60.3%89.9%After-Tax Payback 1.2 years0.9 yearsAfter-Tax NPV/CAPEX 1.73.0$3400 
US/ozAfter-Tax NPV5%$442.0M$606.0MAfter-Tax IRR 107.9%135.2%After-Tax Payback0.8 years0.7 yearsAfter-Tax NPV/CAPEX 3.44.7$4200 
US/ozAfter-Tax NPV5% $668.3M$831.7MAfter-Tax IRR 153.2%177.5%After-Tax Payback 0.6 years0.5 yearsAfter-Tax NPV/CAPEX 5.26.5Note: Scottie Gold Mine Preliminary Economic Assessment Base Case assumes a gold price of US$2600/troy ounce ("oz") and a US$/CAD$ exchange rate of 0.72:1.00. NPV/CAPEX is the ratio between NPV value versus Initial Capex *At this time there is no toll milling arrangement in place with the nearby Premier mill.

"The Direct Ship Ore ("DSO") PEA marks a major milestone for Scottie," commented Brad Rourke, CEO. "It highlights a simple, low-capex project with robust economics and clear growth potential through ongoing discovery. The DSO scenario eliminates the need for a mill or tailings facility, streamlining both permitting and construction. In addition, the optionality of toll milling at a nearby facility presents a clear, low-risk development pathway with meaningful upside. As we advance engineering and permitting, our successful 2025 drilling campaign and planned 2026 program are expected to convert a substantial portion of the current resource to the Indicated category and add new ounces-extending mine life and further strengthening project economics."

PEA Summary

The DSO project is planned to commence with open pit mining at the Blueberry Contact Zone, closely followed by underground mining at the Blueberry Contact Zone, and subsequently the Scottie Gold Mine (see Figure 1 for production schedule). The mined material will be then jaw crushed and sorted using an XRF based ore sorting system. The upgraded product will be transported to the Stewart bulk shipping facility located 40 km down an existing road to be shipped overseas. The material would be then sold to Ocean Partners based on the negotiated terms in the existing offtake agreement (see NR dated July 7, 2025).

The PEA is based on the mineral resource estimate, titled "NI 43-101 2025 Maiden Mineral Resource Estimate for the Scottie Gold Mine Project" for the Scottie Gold Mine Property, British Columbia, Canada, effective February 2, 2025 and announced on May 7, 2025 (the "February 2025 Mineral Resource Estimate").

Technical and Financial Details

Table 2: Scottie Gold Mine DSO PEA Summary (Base Case), assumes a 5% discount rate and a gold price of US$2600.

Throughput (tpd)900Mine Life7 yearsMilled Tonnage (Mt)2.19
Average LOM Gold Head Grade (gpt)6.86Contained Gold oz483,000Gold Recovery94.7%Payable Gold oz (LOM)457,600Average Annual Production (LOM) - Gold oz65,400Average Annual Production (Years 1-4) - Gold oz77,300
UG Mining Cost ($/t sorted)$118.10OP Mining Cost ($/t mined)$6.95Processing Cost ($/t sorted)$17.96G&A Cost ($/t sorted)$31.23Surface Services Cost ($/t sorted)$16.76Total Operating Cost ($/t sorted)$185.30Initial Capital Cost ($ million)$128.6LOM Sustaining Capital Cost ($ million)$76.7

LOM AISC (US$/oz Au)US$1452Pre-Tax IRR82.5%Pre-Tax NPV (5%, $ million)$326.1Pre-Tax Undiscounted LOM net free cash flow ($ million)$419.1Pre-Tax Payback period1 yearAfter-Tax IRR60.3%After-Tax NPV (5%, $ million)$215.8After-Tax Undiscounted LOM net free cash flow ($ million)$283.5After-Tax Payback period1.2 yearsThe PEA presents a range of metal pricing scenarios on after-tax basis to evaluate the economics of the project in both base case and alternate commodity price scenarios:

Additional sensitivities to the price of gold, recovery, exchange rate, Capex, and Opex will be presented in the PEA Technical Report. The project economics are most sensitive to gold prices.

Diluted Resource Estimate

The resource estimate for the PEA is based on inferred resources as stated in the February 2025 Resource Estimate for the Scottie Gold Mine project. Certain mining factors have been applied to this resource estimate, to generate diluted resources using a conceptual mine plan for the PEA. The February 2025 Resource Estimate is summarized below:

Blueberry Pit ResourceSourceCutoff AuTonnageAuNSRAu Metal(g/t)(ktonnes)(g/t)($CDN)(kOz)Blueberry Pit (Inferred)0.252,8872.06156.041910.32,7122.17164.691900.52,1142.68202.511820.71,7073.17239.7317411,3233.85290.191642.56006.61492.83128527310.3575591Total Underground ResourceSourceCutoff AuTonnageAuNSRAu Metal(g/t)(ktonnes)(g/t)($CDN)(kOz)Blueberry and Scottie Mine Underground (Inferred)2.51,8978.66678.5152831,7049.337315113.51,5499.94778.7849541,40410.59829.044784.51,26911.26881.6945951,14311.98937.994401052018.051,413.75302
Inferredvaries3,6046.06470.69703Notes to the 2025 Resource Table:

Resources are reported using the 2014 CIM Definition Standards and were estimated using the 2019 CIM Best Practices Guidelines, as required National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")The base case MRE has been confined by "reasonable prospects of eventual economic extraction" shape using the following assumptions:
Metal price of US$2000/oz goldMetallurgical recovery of 90% goldPayable metal of 99% gold in doréForex of 0.74 $US:$CDNProcessing costs of CDN$24 / tonne milled, which includes milling, transport, smelter treatment, refining and General & Administrative (G&A) costsUnderground production cost of CDN$78 / tonne, and underground development costs to be CDN$90 / tonne, for a total underground mining cost of CDN$168 / tonneOpen pit mining costs of CDN$3.00 / tonne for mineralized and waste material45-degree pit slopesThe 130% price case pit shell is used for the confining shape with elevation adjustment of the main Blueberry pit for the underground resource.The resulting net smelter return is NSR = Au g/t* CDN$98.60 / g * 90% recovery rateNumbers may not add due to rounding.Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the estimated mineral resources will be converted into mineral reserves.It is noted that the prices and costs used for the resource estimate are not identical to the updated values used for the mining and cash flow calculations. The costs and Au price used for the resource reflect those considered reasonable at the effective date of the resource estimate. A check has been done on these values compared to the current values and it is found that the resource is somewhat conservative on price resulting in a similar cutoff for open pit mining and somewhat higher cutoff for underground than that used for the mining study and cashflow.

The Qualified Person is of the opinion that issues relating to all relevant technical and economic factors likely to influence the prospect of economic extraction can be resolved with further work. These factors may include environmental permitting, infrastructure, sociopolitical, marketing, or other relevant factors.

Mining Method

The Project is planned as a combined open pit and underground mining operation utilizing contractor mining. Open pit development is expected to utilize a conventional truck-and-shovel method, whereas underground development will be based on longitudinal longhole stoping. A nominal average production rate of approximately 900 tonnes per day (tpd) has been assumed for the combined operation.

For the base case scenario, resource material selected as run-of-mine (ROM) mill feed will be stockpiled and subsequently processed using an ore sorter. The ore sorter concentrate will be shipped directly to overseas markets. This mining and processing strategy has been applied to both the open pit and underground components and forms the basis of the PEA.

Table 3: Combined Resource Material for Ore Sorter Feed

PhaseRock 
(Mt)Ore Sorter 
Feed (Mt)Waste 
(Mt)Au 
(g/t)Au contained 
(kOz)Au Recovered (kOz)Total OP5.860.325.547.717976Total UG2.551.871.736.72403384Total8.412.197.276.87482460Note: BB = Blueberry, OP = open pit, UG = underground, Au = gold grade (g/t), Mt = million tonnes, kOz = thousand ounces

The Blueberry deposit was assessed to a combination of open pit and underground mining. The Scottie deposit, which was previously mined utilizing shrinkage stoping approximately 50 years ago, was assessed as underground only.

The combined Resource material selected as ore sorter feed is summarized in Table 3 and the base case production schedule used in the preliminary cashflow analysis is shown in Figure 1.

Figure 1: Base Case Production Schedule over LOM

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/272131_17cdb15b94598a7a_001full.jpg

Note: BB UG = Blueberry underground, Scottie UG = Scottie underground, BB OP = Blueberry open pit, Au = gold grade (g/t), kt = thousand tonnes

Metallurgy

Since 1980, numerous phases of metallurgical testing have been conducted on Scottie samples to investigate the gravity-recoverable gold content, the cyanide leaching performance of head composite samples, and the response of gravity tailings to flotation and cyanidation processes. These early studies laid the groundwork for understanding the mineralization's behavior under conventional recovery methods.

Beginning in 2024, the focus of metallurgical work shifted toward mill feed pre-concentration using ore sorting and dense media separation (DMS).

Scottie Resources launched a particle sorting test program involving 210 quarter-core samples - 70 each from the Blueberry Open Pit (BBOP), Blueberry Underground (BBUG), and Scottie Gold Mine Underground (SGMUG) zones. These samples, roughly 3 inches in size, were derived from broken drill core and represented a broad spectrum of gold grades from each zone.

The primary objective of the program was to evaluate the effectiveness of separating target mineralization from waste using X-ray scanning technologies. The results were analyzed across several operational metrics, including feed grade, mass pull to product, gold recovery, sorted product grade, rejected waste grade, and upgrade ratio.

Overall, the test program (see NR dated April 1, 2025) demonstrated that particle sorting was highly effective across all zones using both XRT and XRF technologies. Notably, XRF outperformed XRT in terms of mass pull to recovery ratio, particularly within the 30-60% mass pull range. Additionally, XRF offered the advantage of enabling a three-way sort, allowing for the creation of a low-grade stockpile in a single stage using commercially available sorting equipment.

Process Plant

Based on the results of the test work, a cost-effective processing flowsheet was developed to recover and upgrade the mill feed into a saleable concentrate using ore sorting technique. The processing plant includes the following components:

A primary crusher operates in closed-circuit with a triple-deck dry screen.Coarse product from the dry screen is washed using a double-deck wet screen to prepare the feed for ore sorter. Fine product from the dry screen is stockpiled and later blended with sorter concentrate.The two fractions (coarse & fine) from the wet screen are sorted separately using two X-ray fluorescence (XRF) sorters to produce final concentrate, which is shipped directly overseas for sale.Wash water from the wet screen is recycled using a belt filter.All the associated utilities required for plant operation are included.Initial and Sustaining Capital Cost Estimates

The PEA estimates initial capital requirements of $128.6 million and cumulative sustaining capital of $76.7 million (Table 4).

Table 4: Initial and Sustaining Capital Costs

Initial Capital ItemInitial Capital
($ million)Mining Infrastructure$6.8Site Access & Pads$5.0Site Services Mobile Equipment$7.8Process Plant$26.2Surface Infrastructure$38.8Project Indirects$23.7Owners Costs$3.4Contingency$16.9Total$128.6OP Mining - Preproduction$4.5Sustaining Capital ItemSustaining Capital ($ million)Mining$73.1Others$3.6Total Sustaining Capital$76.7Reclamation/Closure Costs$15.0All capital incurred up to the end of construction period, except pre-production mining ($4.5M), is included in the Initial Capital. The PEA is based on contractor open pit and underground mining model. Any capital required from operation commencement is included in Sustaining Capital. A total of $16.9 million in contingencies have been included in the Initial Capital which is approximately 20% of the Initial Directs Costs.

Operating Cost Estimates

LOM operating costs for the Scottie Gold Mine DSO project are estimated to average $185.38 per tonne sorted. During the start-up period, processing and general and administrative ("G&A") costs per tonne are slightly higher until sorting throughput ramps up to design capacity. The PEA is based on contractor open pit and underground mining, which has an estimated UG LOM cost of $118.1 per tonne sorted and OP LOM cost of $6.95 per tonne mined. Processing costs are estimated at $17.96 per tonne sorted, G&A and site services costs are estimated at $31.23 and $16.76 per tonne sorted, respectively. The processing, G&A, and site services costs per tonne sorted are based on an estimated plant operating time of 50% over the LOM with potential to improve these unit costs with potential utilization of a leaching plant nearby (see section entitled Scottie Gold Mine Opportunities to Enhance Value below).

All-In Sustaining Cash Costs per Ounce of Gold Equivalent

AISC are estimated to be US$1,452/oz Au produced, based on LOM production of 457,600 recoverable ounces Au.

Scottie Gold Mine Opportunities to Enhance Value

Of the studied project design components, the PEA demonstrates that the most profound improvement to the project economics is toll milling the product at the nearby Premier mill (i.e. Table 1). No toll milling arrangement is currently in place with the Premier mill, it is considered in the PEA as a recommendation for further study work. The Premier mill is located halfway along the trucking route to the Stewart Terminal. The model assumes appropriate operating costs derived from Ascot's 2020 Feasibility Study, with an additional toll milling premium applied, similar to comparable toll milling projects. At US$2600/oz gold the AISC for the toll milling model is calculated to be US$935 (versus US$1452 in the base-case DSO model).

Several opportunities have been identified that may significantly enhance the economic return outlined in the PEA, including but not limited to the following:

Toll milling: Additional opportunities of refinement on this concept include: (1) optimizing mine plan and resource for reduced shipping costs (i.e. include more lower grade ounces), (2) removal of the crushing/ore sorting plant, and (3) further metallurgical test work on the mineralization to maximize recovery in a toll milling scenario. The results from our preliminary metallurgical test-work suggested intensive leaching recoveries of up to 97% for both gold and gold gravity concentrates. In the PEA, the cyanide leaching recoveries is set at 89.1%. Historic production and recent test work suggests potential for improved gold recoveries of approximately 91-95% for gold. Scottie intends to follow up these promising results with further test work to be completed and incorporated into the Feasibility (FS).

Exploration Potential: The resource estimated for the PEA is based on the February 2025 Mineral Resource Estimate, which includes the Blueberry Zone, Scottie Gold Mine, and Bend vein. With success on further drilling, there are several ways that expanded resources could improve the economics of the project, including higher throughput, extended mine life, and bringing in additional isolated stopes left off the PEA mine plan due to development costs.

Throughput Expansion: The mine plan for the PEA is based on a 900 tpd throughput scenario, which results in a 7-year mine life. Expanded resources have the potential to justify increased mine and mill throughput. As part of the upcoming Feasibility Study (FS), Scottie will evaluate the potential costs to expand the process plant capacity to 1,500-2,000 tpd with potential benefits to unit costs for processing and G&A with respect to economies of scale.

Reduced Development Cost per Ounce: Blueberry and Scottie Gold Mine underground deposits have relatively high development costs per ounce of mineral resource. Expanding the resource for these areas would spread the relatively high development capital over more ounces, improving economics and reducing the AISC per ounce.

Power Line: The PEA assumes the use of onsite generated power using conventional fuel at $0.26/KWH or higher and exposes the operation to fluctuations in the price of fuel. The FS will investigate the contemplation of the connection of the site to the BC Hydro grid via power available at an estimated cost of $0.07/KWH.

Feasibility Study

With the PEA completed, Scottie is moving forward with a Feasibility Study for the Scottie Gold Mine project. The Company is targeting completion of the FS in H1, 2027 and making a production decision following the release of a positive study. The on-going FS data collections and engineering will allow us to conduct detailed feasibility work including further metallurgy, assess geotechnical conditions, reconcile underground grades with the resource model, complete test mining to define the optimum mining method, and determine more accurate development costs.

The recommended budget for the FS, field support for the study, ongoing exploration work, environmental work, infill drilling, upgrading mineral resources to mineral reserves and construction planning over the next 12 months is estimated at $25 million.

Tetra Tech's work to complete the PEA, demonstrates that the Scottie Gold Mine project has robust economic potential and recommends that Scottie continue developing the project with emphasis on the exploration work required to improve confidence in inferred resources.

Qualified Persons

The Independent Qualified Persons, as defined in NI 43-101 for the PEA and who have reviewed and approved the contents of this news release are Hassan Ghaffari, P. Eng., M.A.Sc., Jianhui (John) Huang, PhD, P. Eng. from Tetra Tech, and Damian Gregory, P. Eng. from Snowden Optiro, and Sue Bird, P. Eng. from Moose Mountain Technical Services.

The Technical Report, "NI 43-101 2025 Maiden Mineral Resource Estimate for the Scottie Gold Mine Project" for the Scottie Gold Mine Property, British Columbia, Canada, effective February 2, 2025 and announced on June 24, 2025, has been filed on SEDAR+.

Dr. Thomas Mumford, P.Geo., President of the Company and a non-independent qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the Company.

ABOUT SCOTTIE RESOURCES CORP.

Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade, past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a 100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle-one of the world's most prolific mineralized districts.

Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category), highlighting the potential for a significant near-surface, high-grade deposit. The Company's strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.

In parallel, Scottie is evaluating a potential Direct Shipping Ore (DSO) scenario at the Scottie Gold Mine. With permits in hand, a 10,000-tonne bulk sample is underway. This initiative provides an opportunity to collect key geotechnical and metallurgical data while assessing a low-capex path to potential near-term revenue through toll milling or third-party processing. This DSO concept does not imply a production decision but reflects the optionality embedded in Scottie's portfolio.

Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the economics and project parameters presented in the PEA, including IRR, AISC, NPV, and other costs and economic information; possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the strategic plans, timing, costs and expectations for the Company's future development and exploration activities on the Scottie Gold Mine Property, including metallurgical test, mineralization and resource estimates and grades for drill intercepts, permitting for various work, and optimizing and updating the Company's resource model and preparing a feasibility study; information with respect to high grade areas and size of veins projected from underground sampling results and drilling results; and the accessibility of future mining at the Scottie Gold Mine Property. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the reliability of mineralization estimates, the conditions in general economic and financial markets; availability and costs of mining equipment and skilled labour; accuracy of the interpretations and assumptions used in calculating resource estimates; operations not being disrupted or delayed by unusual geological or technical problems; ability to develop and finance the Scottie Gold Mine Project; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: fluctuations in precious metals prices, price of consumed commodities and currency markets; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272131

Bolsters Wafer-Scale Test and Validation Capabilities and Supports Go-to-Market Strategy

October 28, 2025 07:00 ET

 | Source:

Aeluma, Inc.

GOLETA, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) --  Aeluma, Inc. (NASDAQ: ALMU), a semiconductor company specializing in high-performance, scalable technologies for mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum computing, today announced that it has acquired significant capital equipment assets from a major components and solutions supplier to expand its prototyping and wafer-scale test capabilities. This investment supports Aeluma’s go-to-market plan and will help qualify manufacturing processes for key target markets.

“This asset acquisition is a prime example of Aeluma’s commitment to accelerating growth while maintaining disciplined capital management,” said Jonathan Klamkin, Ph.D., Founder and CEO of Aeluma. “We acquired key equipment at minimal cost, enabling a rapid expansion of our in-house prototyping and wafer-scale testing. I want to thank our team for identifying and negotiating this strategic acquisition, which circumvented the typical long lead times and high costs of new equipment.”

The state-of-the-art resources acquired include automated and semi-automated wafer probers, backend packaging and prototyping equipment, test and validation instruments, and facility infrastructure. The enhanced in-house capabilities are critical to complement Aeluma’s outsourced wafer fabrication and shorten the path to market as the company advances its strategic priorities pursuing commercial revenue across defense and aerospace, data center interconnects, mobile and consumer electronics.

About Aeluma

Aeluma (NASDAQ: ALMU) is a transformative semiconductor company specializing in high-performance photonic and electronic technologies that scale. The company’s proprietary platform combines compound semiconductors with scalable manufacturing used for mass market microelectronics to enable volume production and large-scale integration. Applications for Aeluma’s technology include mobile, AI, defense and aerospace, robotics, automotive, AR/VR, and quantum. Headquartered in Goleta, California, Aeluma operates state-of-the-art R&D and manufacturing capabilities for semiconductor wafer production, quick-turn chip fabrication, rapid prototyping, test and validation. Aeluma also partners with production-scale fabrication foundries, packaging, and integration companies. For more information, visit www.aeluma.com.

Company:

Aeluma, Inc.
(805) 351-2707
[email protected]

Investor Contact:

Financial Profiles, Inc.
Moira Conlon and Tony Rossi
(310) 622-8221
[email protected]

WATERTOWN, Mass., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Kymera Therapeutics, Inc. (NASDAQ: KYMR), a clinical-stage biopharmaceutical company advancing a new class of oral small molecule degrader medicines for immunological diseases, will report third quarter 2025 financial results on November 4, 2025. The Company will host a video conference call and webcast at 8:30 a.m. ET that day.

To join the video call or view the livestreamed webcast, please register via this link, or visit “News and Events” in the Investors section of the Company’s website at www.kymeratx.com. A replay of the webcast will be archived and available following the event.

About Kymera Therapeutics 
Kymera is a clinical-stage biotechnology company pioneering the field of targeted protein degradation (TPD) to develop medicines that address critical health problems and have the potential to dramatically improve patients’ lives. Kymera is deploying TPD to address disease targets and pathways inaccessible with conventional therapeutics. Having advanced the first degrader into the clinic for immunological diseases, Kymera is focused on building an industry-leading pipeline of oral small molecule degraders to provide a new generation of convenient, highly effective therapies for patients with these conditions. Founded in 2016, Kymera has been recognized as one of Boston’s top workplaces for the past several years. For more information about our science, pipeline and people, please visit www.kymeratx.com or follow us on X or LinkedIn.

Vancouver, British Columbia--(Newsfile Corp. - October 28, 2025) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce, further to its announcement on September 09, 2025, that on October 24, 2025 Lepidico met all the drawdown conditions for completion of its secured loan from ILC and that this has now been increased to the full amount of CAD$ 510,000. Of this loan amount CAD$420,000 earns interest at the rate of 10% p.a.

October 28, 2025 07:01 ET

 | Source:

Invivyd

NEW HAVEN, Conn., Oct. 28, 2025 (GLOBE NEWSWIRE) --

WHAT: Invivyd, Inc. (Nasdaq: IVVD) is hosting the previously announced live webcast to present an overview of the company’s REVOLUTION clinical program, Invivyd’s development program for VYD2311, a vaccine-alternative monoclonal antibody candidate for the prevention of COVID. The session will feature key members of the Invivyd team.

WHEN: Thursday, October 30, 2025, at 8:30 a.m. ET

WHERE: Listeners are advised to join the webcast via the following link 15 minutes prior to the start time. A replay of the webcast will be available via the investor relations section of the company’s website approximately two hours after the conclusion of the call.

WHO:

Marc Elia, Chairman of Invivyd’s Board of DirectorsTim Lee, Chief Commercial OfficerRobert Allen, PhD, Chief Scientific OfficerMark Wingertzahn, PhD, Senior Vice President of Clinical Development WHY: The webcast will provide an overview and details of the trials that are part of the REVOLUTION clinical program.

About VYD2311

VYD2311 is a novel monoclonal antibody (mAb) candidate being developed for COVID-19 to continue to address the urgent need for new prophylactic and therapeutic options. The pharmacokinetic profile and antiviral potency of VYD2311 may offer the ability to deliver clinically meaningful titer levels through more patient-friendly means such as an intramuscular route of administration.

VYD2311 was engineered using Invivyd’s proprietary integrated technology platform and is the product of serial molecular evolution designed to generate an antibody optimized for neutralizing contemporary virus lineages. VYD2311 leverages the same antibody backbone as pemivibart, Invivyd’s investigational mAb granted emergency use authorization in the U.S. for the pre-exposure prophylaxis (PrEP) of symptomatic COVID-19 in certain immunocompromised patients, and adintrevimab, Invivyd’s investigational mAb that has a robust safety data package and demonstrated clinically meaningful results in global Phase 2/3 clinical trials for the prevention and treatment of COVID-19.

About Invivyd 

Invivyd, Inc. (Nasdaq: IVVD) is a biopharmaceutical company devoted to delivering protection from serious viral infectious diseases, beginning with SARS-CoV-2. Invivyd deploys a proprietary integrated technology platform unique in the industry designed to assess, monitor, develop, and adapt to create best in class antibodies. In March 2024, Invivyd received emergency use authorization (EUA) from the U.S. FDA for a monoclonal antibody (mAb) in its pipeline of innovative antibody candidates. Visit https://invivyd.com/ to learn more.

Trademarks are the property of their respective owners.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “could,” “expects,” “estimates,” “intends,” “plans,” “potential,” “predicts,” “projects,” and “future” or similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements include statements concerning, among other things, plans related to the company’s research and development activities, and the timing and potential results thereof; expectations regarding the company’s clinical trials; the potential of VYD2311 as a novel mAb candidate that may be able to deliver clinically meaningful titer levels through more patient-friendly means; the company’s plan to share details about the REVOLUTION clinical program in a live webcast, and the timing thereof; the company’s devotion to delivering protection from serious viral infectious diseases, beginning with SARS-CoV-2; and other statements that are not historical fact. The company may not actually achieve the plans, intentions or expectations disclosed in the company’s forward-looking statements and you should not place undue reliance on the company’s forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the company’s actual results to differ materially from the results described in or implied by the forward-looking statements, including, without limitation: the timing, progress and results of the company’s discovery, preclinical and clinical development activities; the risk that results of nonclinical studies or clinical trials may not be predictive of future results, and interim data are subject to further analysis; unexpected safety or efficacy data observed during preclinical studies or clinical trials; the predictability of clinical success of the company’s product candidates based on neutralizing activity in nonclinical studies; whether the epitopes that VYD2311 and pemivibart target remain structurally intact; whether the company’s product candidates are able to demonstrate and sustain neutralizing activity against major SARS-CoV-2 variants, particularly in the face of viral evolution; changes in the regulatory environment; the outcome of the company’s engagement with regulators; uncertainties related to the regulatory approval process, and available development and regulatory pathways; the company’s ability to generate the data needed to support a potential Biologics License Application submission for VYD2311; how long the EUA granted by the FDA for a mAb in the company’s pipeline will remain in effect and whether the EUA is revised or revoked by the FDA; the ability to maintain a continued acceptable safety, tolerability and efficacy profile of any product candidate following regulatory authorization or approval; changes in expected or existing competition; the company’s reliance on third parties; complexities of manufacturing mAb therapies, and availability of quantities of commercial launch product in the future; macroeconomic and political uncertainties; the company’s ability to continue as a going concern; and whether the company has adequate funding to meet future operating expenses and capital expenditure requirements. Other factors that may cause the company’s actual results to differ materially from those expressed or implied in the forward-looking statements in this press release are described under the heading “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, each filed with the Securities and Exchange Commission (SEC), and in the company’s other filings with the SEC, and in its future reports to be filed with the SEC and available at www.sec.gov. Forward-looking statements contained in this press release are made as of this date, and Invivyd undertakes no duty to update such information whether as a result of new information, future events or otherwise, except as required under applicable law.

This press release contains hyperlinks to information that is not deemed to be incorporated by reference in this press release.

Contacts:

Media Relations
(781) 208-0160
[email protected] 

Investor Relations
(781) 208-1747
[email protected] 

Key Highlights

Enhances scale with revenue of $7.7 billion and Adjusted EBITDA of $2.1 billion1
Combines complementary product and technology portfolios and world-class engineering capabilities, creating R&D scale to deliver innovative RF solutions
Creates $5.1 billion mobile business positioned to address rising RF complexity
Establishes $2.6 billion diversified Broad Markets platform with a growing and profitable TAM across defense & aerospace, edge IoT, AI data center and automotive markets
Advances U.S. manufacturing position and improves factory utilization across manufacturing footprint
Immediately and meaningfully accretive to non-GAAP EPS post-close, with $500 million or more of annual cost synergies within 24-36 months post-close when the companies are fully integrated
Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company
IRVINE, Calif. and GREENSBORO, N.C., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Skyworks (Nasdaq: SWKS), a global leader in high-performance analog and mixed-signal semiconductors, and Qorvo (Nasdaq: QRVO), a leading global provider of connectivity and power solutions, today announced that they have entered into a definitive agreement to combine the two companies in a cash-and-stock transaction that values the combined enterprise at approximately $22 billion2 to create a U.S.-based, global leader in high-performance radio frequency (RF), analog and mixed-signal semiconductors.

“This combination marks an important milestone for our industry and for Skyworks,” said Phil Brace, chief executive officer and president of Skyworks. “Combining Skyworks’ and Qorvo’s complementary portfolios and world-class engineering teams will strengthen our ability to meet growing customer demand across mobile and diversified Broad Markets. With enhanced scale, a more diversified customer base and operational synergies, we can bring even greater innovation to our customers and sustainable value to our shareholders.”

“Qorvo and Skyworks share a culture of innovation and a commitment to solving our customers’ most complex challenges,” said Bob Bruggeworth, chief executive officer and president of Qorvo. “Together with Skyworks, we can accelerate innovation and deliver broader and more comprehensive solutions across numerous growth areas. We are excited to leverage the combined strengths of our teams and product and technology portfolios to build on our capabilities in Mobile and significantly expand our presence in defense and aerospace, edge IoT, AI data center, automotive and other industries powered by secular growth trends.”

Strategic Rationale and Transaction Highlights

The transaction is expected to deliver significant long-term value for customers, employees, and shareholders.

Enhanced Scale and Financial Profile: With combined pro forma revenue of approximately $7.7 billion and Adjusted EBITDA of $2.1 billion3, the combined company will be better positioned to compete against larger players – supported by a stronger, more balanced revenue base that enables more predictable performance, a more efficient cost structure and resilient cash generation through cycles.
Stronger Innovation Pipeline: The combination creates an innovative global RF, analog and power technology company that can provide customers with more highly integrated, complete solutions, as well as a broad range of products and technologies. The combined company will bring together world-class engineering talent, including approximately 8,000 engineers and technical experts, and over 12,000 issued and pending patents, enabling faster development of advanced, system-level solutions and unlocking new design-win opportunities to meet growing customer demand.
Creates $5.1 Billion Mobile Business: The combination brings together complementary RF technologies and best-in-class products, expanding opportunities in Mobile while driving greater revenue stability. The broader portfolio will enhance our competitiveness across platforms, deepen customer integration and diversify our technology base – while strengthening our position to address rising RF complexity.
Establishes $2.6 Billion Diversified Broad Markets Platform: The transaction creates a $2.6 billion Broad Markets platform with a growing and profitable TAM across defense & aerospace, edge IoT, AI data center and automotive markets. These markets are characterized by attractive secular growth trends, long product life cycles and favorable gross margins.
Advances Domestic Manufacturing Position and Improves Utilization: The combined company will strengthen its domestic production capacity and enhance its capital efficiency, supported by a robust network of supply chain partners to meet the needs of high-volume and highly specialized customers.
Immediately and Meaningfully Accretive: The transaction is expected to be immediately and meaningfully accretive to non-GAAP EPS post-close, with $500 million or more of annual cost synergies within 24-36 months post-close when the companies are fully integrated.
Transaction Details

Under the terms of the agreement, Qorvo shareholders will receive $32.50 in cash and 0.960 of a Skyworks common share for each Qorvo share held at the close of the transaction, which implies a combined enterprise value of approximately $22 billion4.

Upon closing, Skyworks shareholders will own approximately 63 percent of the combined company, while Qorvo shareholders will own approximately 37 percent, on a fully-diluted basis. Phil Brace will serve as chief executive officer of the combined company; Bob Bruggeworth will join the Board of Directors of the combined company. The combined company's Board of Directors will comprise 11 directors, eight from Skyworks and three from Qorvo.

Skyworks plans to fund the cash portion of the transaction using a combination of cash on hand and additional financing. Skyworks has obtained debt financing commitments from Goldman Sachs Bank USA. The transaction is not subject to any financing conditions. The combined company's net leverage at closing is expected to be approximately 1.0x last-twelve-month Adjusted EBITDA5. This favorable capital structure will allow for continued investments in the business to drive shareholder value.

Timing and Approvals

The Boards of Directors of both companies have unanimously approved the transaction, which is expected to close in early calendar year 2027, subject to the receipt of required regulatory approvals, approval of Skyworks shareholders and Qorvo shareholders and the satisfaction of other customary closing conditions. Starboard Value LP, an approximately 8 percent6 shareholder of Qorvo, has signed a voting agreement in support of the transaction.

Preliminary Financial Results

In a separate press release issued today, Skyworks announced preliminary financial results for its fourth quarter and full fiscal 2025. Skyworks’ preliminary results press release is available on the investor relations section of Skyworks’ website at https://investors.skyworksinc.com/events-presentations. As planned, Skyworks will issue a press release and host a conference call with analysts to share its full fourth quarter financial results on November 4, 2025.

Also, in a separate press release issued today, Qorvo announced preliminary results for its fiscal 2026 second quarter. The press release can be accessed at: https://ir.qorvo.com (under “Financial Releases”). Qorvo will announce fiscal 2026 second quarter financial results and host a conference call on November 3, 2025.  

Conference Call Information

Skyworks and Qorvo will host a joint conference call today at 8:00 a.m. EDT to discuss the proposed transaction. Investors can register to participate in the conference call at https://www.skyworksinc.com/Press/20251028-Conference-Call. To listen to the live call and access the presentation materials, please visit Skyworks’ website at https://investors.skyworksinc.com/events-presentations or Qorvo’s website at ir.qorvo.com. A recording of the call will also be available on both companies’ websites today at 11 a.m. EDT.

Advisors

Qatalyst Partners and Goldman Sachs & Co. LLC are serving as financial advisors to Skyworks; Skadden, Arps, Slate, Meagher & Flom LLP is serving as Skyworks’ legal advisor and FGS Global is serving as Skyworks’ strategic communications advisor.

Centerview Partners LLC is serving as exclusive financial advisor to Qorvo; Davis Polk & Wardwell LLP is serving as Qorvo’s legal advisor; and Joele Frank, Wilkinson Brimmer Katcher is serving as Qorvo’s strategic communications advisor.

About Skyworks

Skyworks Solutions, Inc. is empowering the wireless networking revolution. We are a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS). For more information, please visit Skyworks’ website at: www.skyworksinc.com.

About Qorvo

Qorvo (Nasdaq: QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

Important Information About the Proposed Transaction and Where to Find It

In connection with the Mergers, Skyworks intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will include a prospectus with respect to the shares of Skyworks’ common stock to be issued in the Mergers and a joint proxy statement for Skyworks’ and Qorvo’s respective stockholders (the “Joint Proxy Statement/Prospectus”). The definitive joint proxy statement (if and when available) will be mailed to stockholders of Skyworks and Qorvo. Each of Skyworks and Qorvo may also file with or furnish to the SEC other relevant documents regarding the Mergers. This communication is not a substitute for the Registration Statement, the Joint Proxy Statement/Prospectus or any other document that Skyworks or Qorvo may mail to their respective stockholders in connection with the Mergers.

INVESTORS AND SECURITY HOLDERS OF SKYWORKS AND QORVO ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE MERGERS OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS.

The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’ website at https://www.skyworksinc.com/investors or upon written request to Skyworks at [email protected]. The documents filed by Qorvo with the SEC also may be obtained free of charge at Qorvo’s website at https://ir.qorvo.com/ or upon written request to Qorvo at [email protected]. These documents filed with the SEC are also available for free to the public at the website maintained by the SEC at www.sec.gov.

Participants in the Solicitation

Skyworks, Qorvo and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Skyworks and Qorvo in connection with the Mergers under the rules of the SEC.

Information about the interests of the directors and executive officers of Skyworks and Qorvo and other persons who may be deemed to be participants in the solicitation of stockholders of Skyworks and Qorvo in connection with the Mergers and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Joint Proxy Statement/Prospectus, which will be filed with the SEC.

Information about Skyworks’ directors and executive officers and their ownership of Skyworks’ common stock is set forth in Skyworks’ proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on March 28, 2025. To the extent that holdings of Skyworks’ securities have changed since the amounts printed in Skyworks’ proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

Information about Qorvo’s directors and executive officers and their ownership of Qorvo’s common stock is set forth in Qorvo’s proxy statement for its 2025 Annual Meeting of Stockholders on Schedule 14A filed with the SEC on June 26, 2025. To the extent that holdings of Qorvo’s securities have changed since the amounts printed in Qorvo’s proxy statement, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 and Statements of Changes in Beneficial Ownership on Form 4 filed with the SEC.

Additional information regarding the direct and indirect interests of those persons and other persons who may be deemed participants in the proposed transaction may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. Free copies of these documents may be obtained as described above.

No Offer or Solicitation

This communication is for informational purposes only and does not constitute, or form a part of, an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.

Cautionary Statement Regarding Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on Skyworks’ and Qorvo’s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, their respective businesses and industries, management’s beliefs and certain assumptions made by Skyworks and Qorvo, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the completion of the proposed transaction on anticipated terms and timing, including obtaining shareholder and regulatory approvals, anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies, expansion and growth of Skyworks’ and Qorvo’s businesses and other conditions to the completion of the proposed transaction; (ii) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the transaction or integrating the businesses of Skyworks and Qorvo; (iii) Skyworks’ and Qorvo’s ability to implement their business strategies; (iv) pricing trends; (v) potential litigation relating to the proposed transaction that could be instituted against Skyworks, Qorvo or their respective directors; (vi) the risk that disruptions from the proposed transaction will harm Skyworks’ or Qorvo’s business, including current plans and operations; (vii) the ability of Skyworks or Qorvo to retain and hire key personnel; (viii) potential adverse reactions or changes to business relationships resulting from the announcement, pendency or completion of the proposed transaction; (ix) uncertainty as to the long-term value of Skyworks’ common stock; (x) legislative, regulatory and economic developments affecting Skyworks’ and Qorvo’s businesses; (xi) general economic and market developments and conditions; (xii) the evolving legal, regulatory and tax regimes under which Skyworks and Qorvo operate; (xiii) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Skyworks’ or Qorvo’s financial performance; (xiv) restrictions during the pendency of the proposed transaction that may impact Skyworks’ or Qorvo’s ability to pursue certain business opportunities or strategic transactions; (xv) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as Skyworks’ and Qorvo’s response to any of the aforementioned factors; and (xvi) failure to receive the approval of the stockholders of Skyworks and Qorvo. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus to be filed with the U.S. Securities and Exchange Commission in connection with the proposed transaction. While the list of factors presented here is, and the list of factors presented in the proxy statement/prospectus will be, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Skyworks’ or Qorvo’s consolidated financial condition, results of operations or liquidity. Neither Skyworks nor Qorvo assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Non-GAAP Financial Measures

This communication also includes references to financial measures that are calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United States of America (“GAAP”). These non-GAAP financial measures include, but are not limited to, adjusted EBITDA and adjusted EBITDA margin, non-GAAP gross profit and gross margin, non-GAAP operating income and operating margin, non-GAAP net income, non-GAAP diluted earnings per share, and non-GAAP free cash flow and free cash flow margin. Adjusted EBITDA is calculated by adding to non-GAAP operating income, depreciation and amortization. Non-GAAP gross profit is calculated by excluding from GAAP gross profit, share-based compensation expense, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, and restructuring and other charges. Non-GAAP operating income is calculated by excluding from GAAP operating income, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, and restructuring-related charges. Non-GAAP net income and diluted earnings per share is calculated by excluding from GAAP net income and diluted earnings per share, share-based compensation expense, acquisition-related expenses, amortization of acquisition-related intangibles, settlements, gains, losses, and impairments, restructuring-related charges, and certain tax items. Non-GAAP free cash flow is calculated by deducting capital expenditures from GAAP net cash provided by operating activities. Any non-GAAP financial measures used in this presentation are in addition to, and should not be considered superior to, or a substitute for, financial statements prepared in accordance with GAAP. Non-GAAP financial measures should not be considered in isolation or as an alternative to financial statements prepared in accordance with GAAP and are subject to significant inherent limitations. The non-GAAP measures presented herein may not be comparable to similar non-GAAP measures presented by other companies. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income items are excluded or included in determining these non-GAAP financial measures.

___________________

1 Figures reflect LTM as of June 30, 2025.
2 Represents combined enterprise value as of the market close October 27, 2025.
3 Figures reflect LTM as of June 30, 2025.
4 Represents combined enterprise value as of the market close October 27, 2025.
5 Based on Pro Forma LTM Non-GAAP EBITDA at closing excluding synergies.
6 As of October 24, 2025.  

October 28, 2025 7:01 AM EDT | Source: Thermal Energy International Inc.
Ottawa, Ontario--(Newsfile Corp. - October 28, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a provider of innovative energy efficiency and carbon emission reduction solutions to major corporations around the world, today reported its financial results for the first quarter ended August 31, 2025. All figures are in Canadian dollars.

Q1 2026 Highlights:

(Compared to Q1 2025)

Order intake increased 323% to $11.9 million.Order backlogi at quarter end increased 37% to $18.5 million, growing to $20.8 million by October 27, 2025.Revenue decreased 19% to $6.9 million but was 32% higher than Q1 2024 and 119% higher than Q1 2023. Remained profitable with Adjusted EBITDAii of $350 thousand and net income of $166 thousand. Repaid $130 thousand in long term debt (remaining balance of only $200 thousand at quarter end). Overview

"Our order intake was the highest amount ever achieved in our fiscal first quarter period and drove our order backlog up 37% year-over-year," said William Crossland, Thermal Energy CEO. "The increased order activity was seen across the business, including turnkey heat recovery and custom equipment, and included orders from customers spanning several sectors. However, as we indicated last quarter, the majority of the revenue from the orders received in the first quarter is expected to be earned in the second half of the fiscal year, and so we are expecting overall revenues in fiscal 2026 to be more heavily weighted towards the back half of the year."

"While our revenue was down in the quarter, compared to the abnormally strong and record first quarter revenue we had a year ago, Q1 revenue this year is still 32% higher than Q1 2024 and 119% higher than Q1 2023, so the longer-term trend still remains very positive. And importantly, we remained profitable, continued to generate strong operating cashflow (before changes in working capital items), and repaid a further $130 thousand in bank debt. Since the end of fiscal 2022, we have repaid $3.7 million in acquisition and COVID-related debt, with the remaining balance scheduled to be fully repaid by January 2026. With our growing order backlog and strong balance sheet, we are well positioned for both the balance of the fiscal year and our future growth."

Summary Financial Results

In thousand except % 
dataThree months 
ended
Aug. 31, 2025Three months 
ended
Aug. 31, 2024Trailing twelve 
months ended
Aug. 31, 2025Trailing twelve 
months ended
Aug. 31, 2024Revenue$6,850$8,469$28,161$29,166Gross profit$3,189$3,525$12,008$13,210Gross margin47%42%43%45%Operating expenses$2,872$3,079$11,325$11,420Net income $166$309$15$1,130Adjusted EBITDAiii$350$553$850$2,127Cash position $4,289$5,048

Working capital $2,743$3,799

Orders received$11,858$2,801$30,833$28,957Order backlogiv  as of August 31$18,506$13,549

Financial Review for the First Quarter Ended August 31, 2025

First quarter revenue decreased 19% year-over-year to $6.8 million mainly due to lower revenues from heat recovery projects, partially offset by higher revenues from equipment sales including GEM traps and economizers. Gross profit for the quarter decreased by 9.5% to $3.2 million while gross margin improved approximately 500 basis points, mainly due to lower revenues from heat recovery projects.

Operating expenses were $207 thousand lower than the same quarter a year earlier, mainly due to the favourable change in foreign exchange of $233 thousand. R&D expense increased by $45 thousand due to higher R&D activities conducted in the quarter.

The Company had Adjusted EBITDA of $350 thousand and net income of $166 thousand, compared to Adjusted EBITDA of $553 thousand and net income of $309 thousand in the first quarter a year earlier.

At the end of August 31, cash and working capital balances were approximately $4.3 million and $2.7 million, respectively.

Business Outlook and Order Summary

Orders received ("Order Intake") during the first quarter totalled $11.9 million, which was the highest order intake for any first quarter in the history of the Company, more than four times the order intake achieved in the first quarter a year ago and more than double the previous Q1 record. A list and description of recent order highlights is available on page 13 and 14 of the Management's Discussion and Analysis filed today.

The Company ended the quarter with an order backlog of $18.5 million, up 37% from a year earlier. The Company received $2.3 million in new orders subsequent to the quarter end, bringing the current order backlog to $20.8 million as of October 27, 2025.

Full financial results including Management's Discussion and Analysis and accompanying notes to the financial results are available on www.sedarplus.ca and investors-thermalenergy.com/en/financial-overview.

Notice of Earnings Call and Webcast

Thermal Energy will host an earnings call and webcast today, October 28, at 8:30 am ET. A question-and-answer session will follow management's prepared remarks, at which time qualified equity analysts will be able to submit questions via the webcast.

The live webcast with slide presentation will be available at https://tinyurl.com/ybk2yynx. You may join the webcast via MS Teams on your computer, mobile app or room device. Please join the webcast approximately 15 minutes prior to the earnings call to ensure adequate time for registration and admittance to the webcast.

For more information, including dial-in information, refer to the Company's press release from October 15, 2025.

Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox.

Notes to editors

About Thermal Energy International Inc.

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback.

Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, France, and Italy. By providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for our customers.

Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF. For more information, visit our investor website at https://investors-thermalenergy.com or company website at www.thermalenergy.com and follow us on Twitter at https://twitter.com/GoThermalEnergy.

Forward-Looking Statements

This press release contains forward-looking statements relating to, and amongst other things, based on management's expectations, estimates and projections, the anticipated effectiveness of the Company's products and services, the timing of revenues to be received by the Company, the expectation that orders in backlog will become revenue, the anticipated benefits of the Company's current efforts at training and business improvement efforts, opportunities for growth, the Company's belief that it can capitalize on opportunities, the size of markets and opportunities open to the Company and the impact of investments that the Company has made on the Company's ability to scale. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International's products are based on the Company's own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company's products, statements about the expected environmental effects and cost savings associated with the Company's products and statements about the Company's ability to cross-sell its products and sell to more sites are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company's control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company's control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company's customers and factors inherent in the customer's facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company's products and on the expected environmental effects and cost savings expected from the Company's products. Any customer's willingness to purchase additional products from the Company and whether orders in the Company's backlog as described above will turn into revenue is dependent on many factors, some of which are outside of the Company's control, including but not limited to the customer's perceived needs and the continuing financial viability of the customer. Volatility with respect to tariffs and trade regulation may continue and may impact the Company in ways not currently anticipated. The Company disclaims any obligation to publicly update or revise any such statements except as required by law. Readers are referred to the risk factors associated with the Company's business as described in the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca.

Non-IFRS Financial Measures

The Company believes the following non-IFRS financial measures provide useful information to both management and investors to better understand the financial performance and financial position of the Company.

EBITDA and Adjusted EBITDA

Management believes that EBITDA (earnings before interest, taxation, depreciation and amortization) and Adjusted EBITDA (EBITDA plus share-based compensation expense) are useful performance measures. The Adjusted EBITDA approximates cash generated from operations, before tax, capital expenditures and changes in working capital. Adjusted EBITDA also assists comparison among companies as it eliminates the differences in earnings due to how a company is financed. EBITDA and Adjusted EBITDA do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS") and therefore may not be comparable to similar measures presented by other companies. There is no direct comparable IFRS measure for EBITDA or Adjusted EBITDA.

A reconciliation of net income to EBITDA and Adjusted EBITDA is shown below.

Three months ended
August 31, 
2025
$August 31, 
2024
$Total net income attributable to owners of the parent146,746278,290Total net income attributable to non-controlling interest18,97631,182Interest charge31,23087,295Interest revenue(5,921)(31,199)Income tax expense19,30518,342Depreciation and amortization78,204103,425EBITDA288,540487,335Share based compensation61,63865,306Adjusted EBITDA350,178552,641Order Backlog

Order backlog is a useful performance measure that Management uses as an indicator of the short-term future revenue of our Company resulting from already recognized orders. The Company includes in "order backlog" any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements. It is important to note that once an order or partial order is recorded as revenue, the order backlog is reduced by the amount of the newly reported revenue. Order backlog does not have a standardized meaning prescribed by International Financial Reporting Standards and therefore may not be comparable to similar measures presented by other companies.

For additional details on non-IFRS financial measures, please refer to the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca for more details about these non-IFRS financial measures.

Neither 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.

i Order backlog represents any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements. See note below about non-IFRS measures.
ii Adjusted EBITDA represents earnings before interest, taxation, depreciation, amortization, and share-based compensation expense. See note below about non-IFRS measures.
iii Adjusted EBITDA represents earnings before interest, taxation, depreciation, amortization, and share-based compensation expense.
iv Order backlog represents any purchase orders that have been received by the Company but have not yet been reflected as revenue in the Company's published financial statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272160

Online home goods company Wayfair reported a jump in third-quarter revenue on Tuesday, as it beat Wall Street estimates on the top and bottom lines.

The company said total net revenue increased 8.1% year-over-year.

Here's how the company performed in its third quarter, compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: 70 cents adjusted vs. 43 cents expectedRevenue: $3.12 billion vs. $3.02 billion expectedWayfair shares climbed 10% in premarket trading.

For the period ended Sept. 30, Wayfair reported a net loss of $99 million, or 76 cents per share, compared to a loss of $74 million, or 60 cents per share, the year prior.

The company's U.S. revenue rose 8.6% year over year to $2.7 billion, while international revenue climbed 4.6% year over year to $389 million. Wayfair said its total net revenue excluding its Germany exit jumped 9% year over year.

CFO Kate Gulliver told CNBC that the company doesn't credit the growth to any macro-related factors like tariffs or interest rates.

"We think it's really being driven by our share gain, and that, we believe is really coming from a confluence of factors and initiatives that we started over a year ago that are now starting to bear fruit," Gulliver said.

Those initiatives include what Gulliver calls the company's "core recipe" – price, product availability and speed – in addition to growth from its loyalty program, site improvement and physical retail.

Though tariff policy has created uncertainty for the company, she said it has been able to lean on the strength of its model: operating as a marketplace on the back end and as a retailer on the front end.

CEO Niraj Shah added in the earnings release that the company's delivered orders for the quarter grew 5% year-over-year.

"Our 6.7% Adjusted EBITDA margin marks the highest level achieved in Wayfair's history outside of the pandemic period," Shah said in the release. "As we've promised, substantial profitability flow through is powered by a strong contribution margin and fixed cost discipline as our business has returned to growth."

Wayfair said its active customers totaled 21.2 million at the end of the quarter, a 2.3% decrease year over year.

Leading fashion e-commerce retailer taps Oracle's AI-enabled Retail solutions to enhance its merchandise financial planning and support international growth

, /PRNewswire/ -- Premium fashion e-commerce retailer Answear.com is modernizing its planning processes with Oracle Retail Merchandise Financial Planning and Oracle Retail AI Foundation. With the automated platform, the retailer will now have the tools and intelligence to better manage the complexities of its multi-brand, multi-country operations, adjust to the diverse fashion trends across markets, and support its continued international expansion.

Answear.com is an online store operating in 12 European markets with over 200,000 selected premium products and limited collections from over 700 high-end global brands.

"Our rapid expansion into international markets, coupled with a growing assortment of brands and product groups, demanded a more sophisticated planning solution," said Magdalena Dąbrowska, Board Member, Answear.com. "Oracle's Retail Cloud solutions provide the flexibility and scalability we need to optimize our planning processes, react quickly to customer trends, and ultimately deliver a better product offering to our customers."

Operating on a modern retail merchandising platform will help enable Answear.com to increase planning precision through better accounting for seasonality, old stock, and e-commerce specific performance indicators such as customer traffic. The platform will also provide the retailer with the intelligence needed to help reduce markdowns by better aligning product offerings with customer demand and minimizing end-of-season stock through enhanced inventory management and forecasting.

The implementation was led by Oracle Retail partner Spyrosoft.

"It was truly exciting to work on a project for such a renowned and fast-growing company," said Łukasz Szała, principal, Oracle Retail Planning, Spyrosoft. "Answear.com has an excellent planning team with a clear vision for the future and a strong track record of success, with Oracle solutions aligning seamlessly with their goals."

"With Oracle's cloud-based retail platform and AI Foundation, Answear.com can strengthen its move from product-centric to customer-focused planning," said Alex Alt, executive vice president and general manager, Oracle Consumer Industries. "This transformation can help drive more profitable inventory investments that foster customer affinity, while reducing costly markdown and overstock challenges." 

Learn more about Oracle market leading assortment planning solutions at: https://www.oracle.com/retail/planning-optimization/ 

About Answear.com 
Answear.com is a place where fashion and lifestyle meet in the most inspiring way. Operating in 12 European markets, the online store offers an incredible selection of over 500 global brands - from classic style icons such as Michael Kors, Calvin Klein, Furla or Polo Ralph Lauren to modern, designer proposals from All Saints, Victoria Beckham, Tory Burch or Swarovski. With Answear.com you discover fashion anew, creating styles that reflect your personality.

Beyond fashion, Answear.com offers designer home decor to help bring personal style into living spaces. The HOME section is a creative hub filled with carefully curated decorations, accessories, and unique gift ideas.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

SOURCE Oracle

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October 28, 2025 7:05 AM EDT | Source: Conquest Resources Limited
Toronto, Ontario--(Newsfile Corp. - October 28, 2025) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announces that it is reviewing data on its 100% owned Ontario gold projects for potential upcoming winter exploration, sale, options or joint ventures.

In addition to its 100% properties, the Company also holds a 70% stake in the King Bay Project located in northwestern Ontario.

The Company has been focused on its Belfast-Teck Mag Project where it has been evaluating VMS and IOCG mineralization. The former producing Golden Rose Mine is located within the 350sqkm Belfast-Teck Mag Project.

The Golden Rose Mine produced 45,414 ounces of gold between 1935 and 1941 after development by Cominco. Gold occurs in quartz fractures and veining with pyrite within two banded iron formations. There are over 6km of underground development, a three compartment shaft 228m deep, a decline ramp to the 6th level and a winze connecting the 6th and 7th levels.

The Smith Lake Property consists of 181 staked mining claims and 6 patented claims located in Leeson, Stover and Rennie Townships in the Missinabie region of Northern Ontario. It is adjacent and contiguous with the former Renabie Mine owned by Barrick Gold to the east and the Island Gold Mine Project owned by Alamos Gold to the west. Grab samples from previous overburden stripping of the Campbell vein returned values in excess of 10g/t Au.

The Alexander Gold Project consists of 27 patented mining claims covering 448 hectares in Balmer Township adjacent to the producing Campbell Red Lake Mine. Drilling by Goldcorp in 2008 intersected 4.97g/t Au over 1.82m including 14.25g/t over .61m and 12,67g/t over 1m. The Property is located on the "Mine Trend" and hosts favorable geology untested at depth.

Qualified Person

The technical content of this News Release has been reviewed and approved by Joerg Kleinboeck, P.Geo., a qualified person as defined in NI 43-101.

ABOUT CONQUEST

Conquest Resources Limited, incorporated in 1945, is a mineral exploration company that is exploring for base metals and gold on mineral properties in Ontario.

Conquest holds a 100% interest in the Belfast-TeckMag Project, located in the Temagami Mining Camp at Emerald Lake, Ontario, which is believed to have exceptional exploration upside for magmatic sulphide deposits (Cu-Ni-PGE), VMS, IOCG, Iron formation hosted Au and Paleo-placer Au.

The Belfast-TeckMag Project is the Company's flagship property, evolved from the Golden Rose Project, which was initially acquired in December 2017, and significantly augmented through the acquisition of Canadian Continental Exploration Corp. ("CCEC") in 2020 and subsequent additional claim staking and purchases in its adjacent Belfast Copper Project and TeckMag Property.

Conquest now controls over 300 square kilometers of underexplored territory in the Temagami Mining Camp, including the past producing Golden Rose Mine at Emerald Lake.

Conquest also holds a 100% interest in the Alexander Gold Property located immediately east of the Red Lake and Campbell mines in the heart of the Red Lake Gold Camp along the important "Mine Trend" regional structure. Conquest's property is almost entirely surrounded by Evolution Mining landholdings.

In addition, the Company holds interests in the Smith Lake Gold Property and Lake Nipigon Basin Property.

FOR FURTHER INFORMATION CONTACT:

Forward-looking statements: This news release contains certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's expectations, plans, exploration activities, proposed expenditures, potential mineralization, and the timing and content of upcoming work programs. Forward-looking information can often be identified by words such as "anticipates", "believes", "expects", "intends", "plans", "estimates", "may", "will", "should", and similar expressions suggesting future outcomes or events. These statements are based on current expectations and assumptions that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such statements. Such risks include but are not limited to: exploration results not being indicative of future results; variations in mineral grade or recovery rates; delays or failures in obtaining necessary permits; changes in commodity prices, capital market conditions, and general economic conditions. Although the Company believes the assumptions and expectations reflected in such forward-looking statements are reasonable, no assurance can be given that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise forward-looking information, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/272130

Nakamoto CEO David Bailey has forecasted a strong recovery for Bitcoin, tipping the largest cryptocurrency by market capitalization to close the year at $145,000. While several entities have predicted a strong end to 2025, a steep market crash in October has doused enthusiasm as claims of an extended bear rally deepen.

Official Trump Coin’s explosive rally has shaken up the crypto leaderboard as prices blasted to $8.02, then settled near $6.77. As a trader, seeing this much volatility in a single day is both thrilling and instructive. The TRUMP coin price has now gained over 15% in a week, defying sector weakness and putting technical breakout levels in focus for everyone watching the charts. 

The price is now hovering around critical resistance zones while technical indicators blink red. The question on my mind is whether this run still has steam, or if a sharp correction is waiting in the wings. Join me as I explore the potential price targets in this in-depth analysis

TRUMP Price AnalysisTrump Coin’s latest price surge punched through two ceilings, the 7-day SMA at $6.12 and the 23.6% Fibonacci retracement at $6.79. Short-term technicals look undeniably bullish, the MACD histogram just flipped positive, and the RSI-7 sits at a frothy 76.8. This tells me momentum is fierce, but profit-takers could step in at any sign of weakness.

Right now, the numbers on my radar are as follows:

Immediate support is anchored at $6.79, with a deeper line at $6.12. If either fails, expect a move to $5.59.Bulls are eyeing a return to $7.50 and $8.02 as near-term resistance targets. Sustained closes above these would flag new highs in the making.With the price hugging the upper Bollinger Band and a 24-hour span between $6.18 and $8.02, volatility is through the roof. Successively, wide swings are probably here to stay until technical exhaustion or reversal sets in.I’d sum up the setup as a classic momentum breakout, but one that’s getting long. If $6.79 holds as a launchpad, bulls have an opening to re-test $8+ quickly. If not, the overbought warnings could see a sharp slide toward the $6–$5.50 region as traders ring the register.

FAQsWhat price levels matter for TRUMP coin now?

Keeping a close eye on $6.79 as support and $7.50–$8.02 as resistance is key. Losing $6.79 could invite a correction, while breaking out above $8.02 might open doors to fresh highs.​

Is the current rally losing steam?

Short-term RSI and MACD remain bullish, but overbought signals are flashing. The longer TRUMP hovers above $6.79, the likelier the trend can extend.​

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Four altcoin exchange-traded funds (ETFs) begin trading on Oct. 28, marking the first wave of non-Bitcoin, non-Ethereum spot crypto ETFs in the US and potentially catalyzing rotation into altcoin after months of consolidation.

Bloomberg senior ETF analyst Eric Balchunas confirmed that NYSE and Nasdaq posted listing notices for the Bitwise Solana Staking ETF. A few hours later, Bitwise confirmed that BSOL trading starts on Oct. 28.

Additionally, Grayscale’s Solana ETF will convert the following day. Balchunas stated:

“Assuming there’s not some last-minute SEC intervention, looks like this is happening.”

Canary Capital CEO Steven McClurg told journalist Eleanor Terrett that the firm’s spot HBAR and LTC ETFs are effective and will begin trading on Nasdaq.

According to Terrett’s report, McClurg said:

“Litecoin and Hedera are the next two token ETFs to go effective after Ethereum. We look forward to launching tomorrow.”

Multicoin Capital partner Kyle Samani first disclosed the launch date of the Bitwise SOL staking ETF in a now-deleted Oct. 27 post.

Reports following Samani’s publication stated that the NYSE had confirmed the Bitwise Solana Staking ETF had received trading clearance.

Infrastructure built for institutional momentThomas Uhm, chief commercial officer at Jito, said the approvals validate months of operational groundwork.

In a note, he stated:

“We’ve been sitting on the precipice of this moment, and I’m immensely proud we’re finally here. The approval of staked Solana ETFs is a significant step for institutional access to crypto.”

He added that this validates the infrastructure work Jito has been doing to integrate with qualified custodians, build liquidity across exchanges and OTC markets, and address regulatory, tax, and accounting issues institutions face.

Jito’s JitoSOL liquid staking token (LST) operates inside REX’s SSK product and is the only Solana LST with a full LST ETF application from VanEck.

Uhm emphasized relationship-building with authorized participants and market makers:

“We’ve built relationships with the largest authorized participants, liquidity providers, and market makers in the world. Business is about relationships, and we’ve been in the rooms that matter for ETF issuers and users to help them understand what liquid staking can do within these structures.”

The staking component differentiates Solana products from Ethereum spot ETFs, which launched in July 2024 without staking features due to regulatory concerns.

Uhm positioned the approval as a starting point rather than a conclusion, mentioning works with “tier 1” investment banks on products related to these ETFs and relationships with major hedge funds.

The Oct. 28 launches follow months of issuer applications and SEC review.

The expansion from Ethereum into other altcoins tests whether institutional demand extends beyond the two largest cryptocurrencies and whether regulated products can absorb supply without triggering the volatility that characterized previous altcoin rallies.

Mentioned in this article

Summary

In summaryMulti-timeframe BNB AnalysisKey levelsTrading scenarios — BNB AnalysisBullish scenario (main)Bearish scenarioNeutral scenarioMarket contextEcosystemRecent newsDisclaimer
In summary

Bullish D1 above 20/50/200 EMA; structure positive but cautious.
RSI at 52.52 → mild bullish tilt, buyers present but not dominant.
MACD hist -5.86 → momentum fading; risk of pullback.
ATR 58.58 and pivots 1123.13–1149.56 frame this week’s BNB Analysis.

Multi-timeframe BNB Analysis
D1 trend: Price at 1137.34 trades above the 20-day EMA (1125.02), 50-day EMA (1069.76), and 200-day EMA (865.06). This stack signals trend control by buyers; dips into the 20-day EMA could attract bids.

D1 momentum: RSI sits at 52.52, just over the neutral line, indicating modest upside bias. MACD line (8.35) is below signal (14.21) with histogram at -5.86, showing slowing momentum — rallies may stall unless breadth improves.

D1 volatility: Bollinger mid is 1143.77 with price slightly below it, hinting at mean-reversion pressure; upper/lower bands at 1279.95/1007.58 outline the wider range. ATR at 58.58 suggests moderate volatility, so risk control remains important.

D1 pivots: Pivot Point at 1135.35, R1 at 1149.56, S1 at 1123.13. Holding above PP supports continuation; a daily close over R1 would strengthen the bullish case, while loss of S1 would tilt near-term risk lower.

H1 structure: Price at 1137.35 sits below the 20-EMA (1139.19), near the 50-EMA (1137.61), and above the 200-EMA (1122.12). This reflects intraday hesitation inside a broader uptrend — buyers are cautious into local resistance.

H1 momentum: RSI 48.44 leans slightly bearish. MACD line (-2.84) below signal (-1.49) with negative histogram (-1.35) confirms soft momentum; a push back above the Bollinger mid (1140.17) would help stabilize intraday.

M15 micro: Price at 1137.34 is above the 20-EMA (1134.07), around the 50-EMA (1137.28), and just below the 200-EMA (1138.11). This shows a short-term bid attempting to turn the tape higher.

M15 momentum: RSI 54.32 favors buyers; MACD line (-0.81) above signal (-1.83) with positive histogram (1.01) points to a budding bounce. With ATR at 4.38 and PP at 1136.94, small pullbacks could be absorbed while 1136.54–1137.75 holds.

Takeaway: D1 is bullish but momentum is fragile; H1 is neutral to soft; M15 is trying to firm. Overall, a cautiously bullish structure that could improve on confirmed breakouts.

Key levels
Seven levels to watch this week are listed below; they frame the current trend and likely reaction zones.

Level
Type
Bias/Note

1279.95
Bollinger Upper (D1)
Stretch resistance; overbought risk if tagged

1149.56
Pivot R1 (D1)
Breakout trigger if daily closes above

1143.77
Bollinger Mid (D1)
Mean-reversion pivot; reclaim aids bulls

1135.35
Pivot PP (D1)
Intraday balance; holding sustains trend

1125.02
EMA 20 (D1)
First dynamic support on pullbacks

1123.13
Pivot S1 (D1)
Loss would invite deeper tests

1069.76
EMA 50 (D1)
Medium-term support; trend health check

Trading scenarios — BNB Analysis
Bullish scenario (main)
Trigger: D1 close back above 1143.77 (Bollinger mid) or sustained H1 hold above 1139.77 (R1). This would show buyers regaining initiative.

Target: 1149.56 first, then 1279.95 if momentum broadens. These are logical resistance checkpoints.

Invalidation: Clear drop below 1125.02 (EMA20 D1) weakens the setup; a daily close under 1123.13 adds pressure.

Risk: Consider stops around 0.5–1.0× D1 ATR (29.29–58.58) from entry to account for moderate volatility.

Bearish scenario
Trigger: Rejection near 1143.77–1149.56 followed by an H1 close back below 1135.35 (PP). That would signal sellers defending overhead supply.

Target: 1125.02, then 1123.13. A continuation could expose 1069.76 if downside persists.

Invalidation: H1 acceptance above 1149.56 invalidates near-term shorts as resistance turns into support.

Risk: Tight intraday risk using 0.5–0.8× H1 ATR (4.70–7.51) to avoid whipsaw while respecting volatility.

Neutral scenario
Trigger: Range-trading between 1125.02 and 1149.56 while MACD stays muted on D1. This favors mean-reversion tactics.

Target: Fade moves back to 1135.35 (PP) or 1143.77 (mid-band) as the tape oscillates.

Invalidation: A decisive daily close outside this band shifts bias to trend-following.

Risk: Use 0.5× M15 ATR (~2.19) for tight management within a choppy environment.

Market context
Totals: Total crypto market cap stands near 3958803740101.11 USD with a 24h change of -0.39%. BTC dominance is 57.63%. Fear & Greed Index reads 50 (Neutral). High BTC dominance and neutral sentiment typically cap aggressive altcoin rotations.

Ecosystem
DeFi flows: PancakeSwap AMM V3 fees +21.38% 1d and PancakeSwap AMM +62.85% 1d, while Uniswap V3 is +12.12% 1d. THENA FUSION shows +43.11% 1d; PancakeSwap Infinity +36.04% 1d. Weekly/monthly shifts are mixed, signaling selective participation.

Interpretation: Rising daily fees suggest improving on-chain activity, but uneven 7d/30d readings imply participants remain tactical — a backdrop consistent with a cautious BNB Analysis.

Recent news
Headline: Trump pardon of Binance’s Changpeng Zhao reported on 2025-10-23. Market impact not provided; sentiment effects, if any, are not provided.

Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. #NFA #DYOR

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Trump coin price has broken out of a long consolidation, riding on the latest developments surrounding the US-China tariff wars. 

Summary

Trump Coin is up 9.1% in 24 hours and 16% on the week, trading at $6.79.
The rally follows the announcement of a US-China trade framework aimed at halting tariffs and resolving rare earth and TikTok disputes.
Broader crypto market remains bearish, with Bitcoin, Ethereum, and BNB all showing 1–3% losses.
Technical indicators show bullish momentum with next upside targets at  $7.00 and $8.00 and support at $6.50.

The Trump coin price has surged 9.1% over the past 24 hours and is up 16% on the weekly chart, trading at $6.79 as of press time, per crypto.news data. The uptick marks a sharp break from its prolonged consolidation phase, which saw it hover around the $6.00 level for days. 

TRUMP’s gains come as positive developments lessen the trade tensions between US and China. Recent reports reveal that both parties have agreed to pause tariffs and work toward resolving disputes related to rare earth mineral supply chains and TikTok regulations. Presidents Donald Trump and Xi Jinping are expected to meet in South Korea on Thursday to formalize the agreement.

Despite the broader significance of the news, the overall crypto market remains in the red. Bitcoin (BTC) has declined to $114,215, Ethereum (ETH) is barely holding $4,100, and Binance Coin and Solana have slipped to $1,132 and $202 respectively, showing 1-3% losses over the past day.

Trump coin price eyes recovery
TRUMP (TRUMP) price has traded in a relatively straight line around the $6.00 region. However, a sharp spike occurred on Oct 27, which sent the altcoin soaring close to the $8.00 mark. While the token has suffered some pullbacks, it has found support above $6.50.

The RSI, which briefly entered overbought territory above 60, has since cooled to 52.97, reflecting a shift from bullish momentum back toward neutrality. Meanwhile, the MACD histogram shows increasing green bars above the zero line, and the MACD line has crossed above the signal line, indicating early bullish momentum remains in play despite the recent price rejection.

Going forward, holding above $6.50 could pave the way for a retest of $7.00 and $8.00. However, if bulls fail to defend this zone, Trump Coin could retreat toward $6.30 or even back to the $6.00 range.

Trump coin price chart | Source: crypto.news

VanEck filed its Sixth Amendment with the SEC for its proposed Solana exchange-traded fund (ETF).