Combination expands Ondas' portfolio across multi-domain ISR, counter-UAS, precision strike, mission intelligence and autonomous systems for U.S. and allied defense customers
Together with World View, DZYNE will operate within Ondas Sentinel, a newly created business division that will strengthen Ondas' U.S. defense portfolio
WEST PALM BEACH, FL / ACCESS Newswire / July 6, 2026 / Ondas Inc. (NASDAQ:ONDS) ("Ondas" or the "Company"), a leading provider of advanced autonomous systems and next-generation defense and security technologies and services, announced today it has acquired DZYNE Technologies, LLC ("DZYNE"). This acquisition establishes Ondas as a vanguard autonomous defense platform, uniting complementary capabilities across multi-domain ISR, counter-UAS, autonomous effects, aerial security, precision strike, autonomous logistics, and AI-enabled mission orchestration to rapidly meet the complex, evolving requirements of modern warfare. The acquisition is valued at $875.8 million and was financed through a cash and stock structure intended to align the incentives of DZYNE management and investors with Ondas' stockholders. Greater than 50% of the stock consideration is subject to a six-month lock-up.
"The character of warfare is changing rapidly, and military advantage increasingly belongs to organizations capable of deploying autonomous systems at scale," said Eric Brock, Chairman and Chief Executive Officer of Ondas. "DZYNE brings exceptional technology, world-class engineering talent and mission-ready systems across long-endurance ISR, counter-UAS and autonomous effects. The combination with DZYNE accelerates Ondas' build-out of the next-generation autonomous defense platform-not through a single breakthrough product, but by integrating complementary, mission-proven technologies into a scaled operating platform. Importantly, DZYNE significantly strengthens Ondas' financial profile, adding substantial scale and revenue growth. DZYNE is EBITDA positive with a strong and growing margin profile, accelerating Ondas' path towards profitable, long-term growth."
DZYNE, a U.S.-based defense technology company recognized for its leadership in long-endurance autonomous aircraft, counter-drone systems and autonomous effects, brings Ondas an operationally mature business with established relationships across the U.S. defense community and allied customers, along with a reputation for moving quickly from prototyping into fielded systems. Ondas believes this combination of technical depth, mission experience, customer trust and operational execution makes DZYNE a uniquely valuable strategic asset as defense organizations accelerate investment in autonomous systems.
"We structured this transaction to take the majority of our consideration in Ondas equity because we believe in the long-term value of the combined platform," said Jeff Hull, President and Chief Executive Officer of Highlander Partners, the majority owner of DZYNE. "As a firm that invests our own proprietary capital with a patient, long-term horizon, our equity position reflects genuine conviction - not just in DZYNE's capabilities, but in Ondas' vision to build a scaled global operating platform for unmanned and autonomous systems serving the defense, security, and critical infrastructure markets. DZYNE's ISR, counter-UAS, and expendable systems are a natural extension of that architecture, and we believe DZYNE's technology and team will thrive inside Ondas as part of its broader system-of-systems strategy - together positioned to be a leader in autonomous defense."
"This acquisition exemplifies our Strategic Growth Program by adding an operationally mature defense technology company with market-leading products, deep customer relationships and immediate financial scale," said Mark Green, Head of Global Corporate Development & M&A at Ondas. " Integrating DZYNE into our systems-of-systems architecture expands our technology leadership while strengthening our operating platform and financial profile."
Ondas Sentinel: A New Operating Division for U.S. Scale
Ondas has formed Ondas Sentinel, a dedicated operating division unifying its growing U.S. portfolio of autonomous defense technologies. Initially intended to integrate World View and DZYNE, it combines persistent ISR, counter-UAS, autonomous effects and mission intelligence into a scalable organization built to support larger, more integrated defense programs while leveraging common technology roadmaps, manufacturing, sustainment and AI-enabled mission software.
Ryan Hartman, Chief Executive Officer of World View, will serve as Chief Executive Officer of Ondas Sentinel, while Matt McCue, co-founder and Chief Executive Officer of DZYNE, will become Chief Technology Officer of Ondas Sentinel. Together, they will lead the integration of the businesses and accelerate Ondas' strategy to deliver integrated autonomous defense solutions at scale.
"Ondas Sentinel creates far more than an organizational structure-it's a scalable U.S. defense platform," said Ryan Hartman, Chief Executive Officer of Ondas Sentinel. "By combining World View's persistent sensing with DZYNE's mission-proven autonomous systems, effectors, and counter-UAS capabilities, we can engage customers across more mission areas, pursue larger programs and help operators see more, decide faster and act with confidence."
Compelling Strategic Fit Accelerates Combined Growth Path
DZYNE adds three strategic franchises to the Ondas platform: long-endurance ISR, counter-UAS and autonomous effects. These capabilities have been supported by over $500 million of cumulative R&D and product development investment and directly address several of the fastest-growing priorities in defense modernization, including persistent intelligence, aerial security, affordable mass and distributed operations.
1) Building a Multi-Domain ISR Architecture from the Stratosphere to the Tactical Edge
The acquisition of DZYNE significantly advances Ondas' multi-domain ISR roadmap, reflecting the Company's belief that the future of ISR lies in integrated architectures, not isolated aircraft or sensors.
DZYNE's ULTRA is a long-endurance autonomous aircraft delivering multi-day ISR across large operational areas at significantly lower operating cost and logistical burden than traditional ISR aircraft. With tens of thousands of operational flight hours, ULTRA brings proven persistence to distributed operations, border security, maritime awareness and communications relay-strengthening Ondas' position in persistent intelligence and bridging World View's stratospheric sensing with Optimus' tactical-edge autonomous operations.
The combined Ondas ISR portfolio is expected to span:
Stratospheric ISR: World View's Stratollites provide persistent sensing, communications relay and strategic intelligence capabilities from the stratosphere, supporting wide-area surveillance, maritime awareness, border security and resilient communications.
Long-Endurance Theater ISR: DZYNE's ULTRA and LEAP platforms provide long-endurance intelligence collection, reconnaissance and communications relay capabilities for operational theater missions requiring persistence over extended periods.
Tactical ISR: Ondas' Optimus autonomous drone platform and InsightSense ground sensor technologies provide persistent intelligence and situational awareness at the tactical edge, combining autonomous aerial reconnaissance, distributed ground sensing, force protection and infrastructure monitoring into a unified tactical intelligence layer.
Ondas is also advancing SkyWeaver, an AI-enabled mission operating system being developed in partnership with Palantir Technologies to connect sensors, autonomous platforms, operators and decision-makers across a single operational environment. Built on Palantir Foundry and AIP, SkyWeaver transforms data across the Ondas and DZYNE portfolios into actionable intelligence for sensor fusion, decision support, mission planning and autonomous tasking.
2) IonStrike Completes Ondas' Counter-UAS and Aerial Security Portfolio
DZYNE's IonStrike significantly expands Ondas' counter-UAS portfolio with a fully kinetic, autonomous interceptor designed to detect, track and physically defeat hostile drones in flight. Purpose-built to counter the Shahed-136 class of one-way attack drones and other emerging aerial threats, IonStrike delivers scalable, low-cost interception at the point of engagement, providing an affordable alternative to traditional air defense systems.
IonStrike extends Ondas' aerial security platform beyond detection and mitigation to complete the kinetic defeat layer of an integrated counter-UAS architecture, enabling Ondas to own the full mission chain-from detection and identification to mitigation, interception and defeat-across military, homeland security and civil markets. Together with DZYNE's Dronebuster, which we believe to be one of the most widely fielded handheld counter-UAS systems in the world, Sentrycs' cyber-based detection and mitigation, and Iron Drone's autonomous interception, IonStrike forms a layered aerial security architecture against evolving unmanned threats:
Detect: Sentrycs, Dronebuster and integrated airspace awareness technologies
Identify: Sentrycs protocol analytics, sensor fusion and AI-enabled classification
Mitigate: Sentrycs cyber takeover capabilities and Dronebuster electronic defeat capabilities
Defeat: Iron Drone autonomous net interception and IonStrike autonomous strike
3) Expanding Capabilities in Precision Strike and Autonomous Effects
DZYNE's family of unique, low-cost, attritable autonomous systems enables Ondas to support a broader spectrum of missions spanning intelligence, force protection, logistics, and precision effects. As militaries shift toward "affordable mass," launched effects have been one of the fastest-growing segments of global defense spending, giving commanders scalable, expendable systems at a fraction of the cost of traditional platforms.
DZYNE's portfolio includes the Blitz autonomous Group 1 UAS and Grasshopper autonomous cargo glider. Blitz pairs long-range autonomy, (150 km range), expendable economics, swarm capabilities and an open, modular architecture into a highly scalable platform aligned with the U.S. Department of War's (DOW) focus on affordable mass and autonomous effects. Grasshopper delivers up to 500 pounds of critical supplies with precision into contested or denied environments, at a fraction of the cost of traditional logistics platforms.
Financial Profile and Updated Outlook
DZYNE is expected to generate $191 million in revenue for the full year 2026, and more than $300 million in 2027. The Company expects a revenue growth CAGR of greater than 80% from 2025-2028 driven by strong adoption of both the ULTRA platform for long-endurance ISR applications and the kinetic interceptor solution, IonStrike, along with a strong contribution from the counter-drone portfolio, including Dronebuster. DZYNE is expected to be EBITDA positive in 2026 and beyond. EBITDA margins are targeted in the mid-teens in 2027, rising to the mid-20% range by 2028.
For 2026 Ondas is now targeting at least $525 million in revenue, significantly ahead of the Company's previous target of at least $390 million. The new outlook includes the addition of both DZYNE and the Company's Omnisys acquisition, which closed on May 21, 2026, and was not contemplated in the prior outlook. Ondas' new outlook does not include contributions from Cyberhawk, Ondas' recently announced acquisition that is expected to close during the third quarter of 2026.
Transaction Summary
Under the terms of the transaction, DZYNE shareholders received $200 million in cash and approximately 85 million Ondas shares valued at approximately $675 million. The DZYNE shareholders, led by Highlander, will own approximately 13.8% of Ondas' outstanding shares. Of the 85 million shares, 45 million-more than half the equity consideration-are subject to a six-month lock-up. Ondas believes this structure balances liquidity needs for DZYNE shareholders and long-term alignment with Ondas' stockholders.
For additional information regarding the acquisition, please see the Current Report on Form 8-K to be filed with the Securities and Exchange Commission later today. In connection with the acquisition, the Company approved inducement grants of restricted stock units (RSUs) representing 500,000 shares of the Company's common stock and stock options exercisable for 1,500,000 shares of the Company's common stock with an exercise price of $7.92 per share to a total of 255 newly-hired employees in connection with the acquisition. The equity awards were granted pursuant to the Nasdaq Rule 5635(c)(4) inducement grant exception as a component of each individual's employment compensation and were granted as an inducement material to his or her acceptance of employment with the Company. The RSUs and the stock options vest over 3 years, subject to the applicable employee's continued employment with the Company.
Advisors
Citizens Capital Markets & Advisory served as exclusive financial advisor to Ondas and Baird served as exclusive financial advisor to DZYNE Technologies. Akerman LLP served as legal counsel to Ondas and Baker McKenzie served as legal counsel to Highlander Partners and DZYNE Technologies.
Investor Conference Call & Audio Webcast Details
Ondas will host an investor conference call and audio webcast to discuss the acquisition, the formation of Ondas Sentinel, and the strategic importance of the transaction to the Company's long-term autonomous defense strategy.
Date: Monday, July 6, 2026
Time: 8:30 a.m. Eastern Time
Toll-free dial-in number: 844-883-3907
International dial-in number: 412-317-5798
Call participant pre-registration link: here
The Company encourages listeners to pre-register, which allows callers to gain immediate access and bypass the live operator. Please note that you can register at any time during the call. For those who choose not to pre-register, please call the conference telephone number 10-15 minutes prior to the start time, at which time an operator will register your name and organization.
The conference call will also be broadcast live and available for replay here and via the investor relations section of the Company's website at ir.ondas.com. A replay will be accessible from the investor relations website after completion of the event.
About Ondas Inc.
Ondas Inc. (NASDAQ:ONDS) is a leading provider of autonomous systems, robotics, and mission-critical technologies for defense, homeland security, public safety, critical infrastructure, and industrial markets. The Company develops and deploys integrated unmanned and autonomous platforms across air, ground, and stratospheric environments, designed to support intelligence, surveillance, reconnaissance, security, and operational missions in complex environments. Ondas' solutions are deployed globally by government, defense, and commercial customers to protect infrastructure, borders, transportation networks, personnel, and strategic assets.
For additional information on Ondas Inc., visit www.ondas.com.
About DZYNE Technologies, LLC
DZYNE Technologies is a leading developer of autonomous aerial systems and advanced defense technologies, delivering innovative solutions across intelligence, surveillance, reconnaissance, and counter‑UAS missions. The company designs and manufactures a full ecosystem of unmanned platforms and payloads-including long‑endurance Group 2/3 aircraft, rapid‑deployment Group 1 systems, and field‑proven counter‑drone tools-built to operate in contested and denied environments. With deep expertise in AI‑enabled autonomy, modular airframe design, and rapid prototyping, DZYNE supports U.S. and allied defense customers with scalable, mission‑ready capabilities that accelerate decision advantage at the tactical edge.
Forward-Looking Statements
Statements made in this release that are not statements of historical or current facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including the risks discussed under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise that occur after that date, except as required by law.
FUTU Investors Have Opportunity to Lead Futu Holdings Limited Securities Fraud Lawsuit PR Newswire
NEW YORK, July 6, 2026
, /PRNewswire/ --
Why: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026.
So what: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Futu was not in compliance with the requirements of the China Securities Regulatory Commission (the "CSRC"), including because Futu continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, defendants' positive statements about Futu's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
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New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
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NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Futu Holdings Limited (NASDAQ:FUTU) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Futu, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/futu-class-action-lawsuit.
Key Details of the Futu ($FUTU) Class Action:
Lead Plaintiff Deadline: August 25, 2026Alleged Misconduct: Securities fraud relating to Futu’s business operations in China without regulatory approval which subjected it to regulatory penalties and finesLargest Alleged Stock Drop: May 22, 2026 – 27.5% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rights
Investors have until August 25, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Futu securities. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned Tang v. Futu Holdings Limited et al., No. 26-cv-05453.
Why is Futu Being Sued for Securities Fraud?
Futu is a financial technology company that operates fully digitalized securities brokerage and wealth management platforms. Headquartered in Hong Kong, the company primarily acts as an online broker connecting retail and institutional investors to global financial markets. In December 2022, China Securities Regulatory Commission (“CSRC”) issued a statement that Futu has conducted cross-border securities businesses with domestic investors in mainland China without regulatory consent. As a result, Futu was banned from opening new accounts from mainland Chinese investors and soliciting new business from mainland investors.
Throughout the relevant period, Futu allegedly misrepresented its business operations and risks by continuing its business in mainland China, subjecting the company to additional penalties and fines.
Why did Futu’s Stock Drop?
On May 22, 2026, Reuters published an article indicating that Futu would be penalized for soliciting business in China without a license. The same day, Futu announced that the CSRC would be issuing penalties and fines in the aggregate amount of RMB1.85 billion (approximately USD271 million) due to operating its business in mainland China without regulatory approval.
This news caused the price of Futu stock to drop $34.10 per share, or 27.5%, from a closing price of $123.86 per share on May 21, 2026, to $89.76 per share on May 22, 2026.
On May 28, 2026, Futu announced its Q1 2026 results. Futu announced disappointing results due to the CSRC penalties in the amount of RMB1.85 billion (approximately USD271 million).
This news caused the price of Futu stock to drop $5.31 per share, or 4.8%, from a closing price of $110.22 per share on May 27, 2026, to $104.91 per share on May 28, 2026.
Click here for more information: https://www.bfalaw.com/cases/futu-class-action-lawsuit.
What Can You Do?
If you invested in Futu, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Although earnings season is right around the corner, all eyes are on Elon Musk's Space Exploration Technologies (SpaceX) (SPCX +2.69%) this week -- and with good reason.
A little over three weeks ago, SpaceX rewrote Wall Street's record books by raising $85.7 billion with its initial public offering (IPO), including the underwriters' option. Tomorrow, July 7, it'll once again alter history by joining one of Wall Street's most prestigious indexes, the Nasdaq-100. But what if I told you that SpaceX's entry into the Nasdaq-100 isn't tomorrow's biggest catalyst for the stock?
Image source: Getty Images.
In a presumed effort to attract Musk's company to list its shares on the Nasdaq (NDAQ +2.50%) stock exchange, Nasdaq Global Indexes amended several rules concerning Nasdaq-100 inclusion. These updated criteria, effective as of May 1, removed the low-float requirement and significantly shortened the timeline to Nasdaq-100 inclusion from around three months to only 15 trading days. Today, July 6, marks SpaceX's 15th trading session as a public company.
Nasdaq Global Indexes wasn't the only committee that made changes ahead of SpaceX's debut. The U.S. Russell Indexes also reduced the wait period for large-cap inclusion in the Russell 1000 and Russell 3000 to just five trading days, down from once per quarter.
To be clear, this means only the S&P 500 will exclude SpaceX shortly after its IPO.
FTSE Russell adds eligible megacap IPOs after the close of the 5th trading day.
Nasdaq adds them about 15 trading days after listing.
The S&P 500 kept its rules, so SpaceX waits the full...
-- Hedgeye (@Hedgeye) June 4, 2026 What makes these adjustments so impactful is that fast entry inclusion will force index funds tracking the Nasdaq-100 (as well as Russell 1000 and Russell 3000) to purchase shares of SpaceX. This represents tens of billions of dollars in passive buying that may provide a solid lift to SpaceX's shares.
But while SpaceX's addition to the Nasdaq-100 has been well-telegraphed, tomorrow's premier catalyst has flown completely under the radar.
Image source: Getty Images.
Most of Wall Street can now legally chime in on SpaceX If there's one thing you can always count on from Wall Street's leading investment banks and financial institutions, it's their willingness to weigh in on the stock market's largest companies. However, you may have noticed that chatter about SpaceX has been relatively quiet -- and there's a legal reason why.
When SpaceX went public, it had 21 separate underwriters. For context, you can count the number of underwriters for most IPOs on one hand. SpaceX's lead underwriter was Goldman Sachs, with most of the remaining 20 functioning as participating underwriters.
According to Securities and Exchange Commission rules, participating underwriters must abide by a 25-calendar-day quiet period following an IPO. During this time, participating underwriters aren't allowed to issue research reports, make buy/sell recommendations, or set price targets on the company they helped take public.
🚨 SpaceX has officially priced its IPO at $135 per share and is set to begin trading tomorrow under the ticker $SPCX 🚀
The company is offering 555.6 million shares, raising approximately $75 billion in what is expected to be the largest IPO in history.@SpaceX also granted... https://t.co/1madtRs7pi pic.twitter.com/OZdixY7knl
-- Herbert Ong (@herbertong) June 12, 2026 July 6 will be the 25th calendar day since SpaceX started trading, meaning July 7 can open the proverbial floodgates for Wall Street coverage. Given that the company's underwriters were allotted shares, investors can practically count on a majority of these participating underwriters initiating coverage of SpaceX with a buy-equivalent rating and a generous price target.
But investors would be wise not to take the bait. While a perfect storm of catalysts is set up for July 7, SpaceX's staggered and accelerated share lockup period is rapidly approaching, and it has the potential to decimate retail investors.
Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
Space Exploration Technologies (SPCX +2.69%), better known as SpaceX, has been receiving a lot of attention for its deals to sell compute capacity to artificial intelligence (AI) companies, including Anthropic and Alphabet. So far, it holds contracts worth about $28 billion in annual revenue.
In its in initial public offering (IPO) registration statement with the Securities and Exchange Commission, SpaceX said the total addressable market for its AI businesses is $26.5 trillion. That includes a $2.4 trillion infrastructure market, where SpaceX eventually plans to extend from terrestrial data centers to solar-powered orbital data centers, and a huge opportunity to sell enterprise AI applications.
But things change quickly at SpaceX, and it's reportedly pursuing an opportunity in a $1.6 trillion market that could prove even more valuable than its AI operations. Here's what investors need to know.
Image source: Getty Images.
The most promising business inside SpaceX could be getting bigger SpaceX had a net loss of $5 billion on $18.7 billion of revenue in 2025, but a look under the hood reveals several different stories. The company's launch services and AI segments generated significant operating losses last year, but its Starlink connectivity business generated $4.4 billion in operating income. Both subscribers and profits more than doubled from the prior year, even as it lowered its average pricing.
The next move for Starlink could be an expansion into wireless phone service. The company is reportedly planning to launch a mobile service for U.S. consumers in the near future, taking on telecom giants AT&T, Verizon, and T-Mobile.
SpaceX has held talks with Charter Communications for a potential mobile phone partnership, according to reports. Doing so could give it access to Charter's internet infrastructure and its mobile virtual network agreement with Verizon.
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Ultimately, SpaceX sees the potential for the internet and wireless phone service market to reach $1.6 trillion, according to its IPO filing. And it has the potential to offer the service at a relatively high margin. Starlink's operating margin is about 40%, and that could climb higher as it scales operations and reduces launch costs. Athough the operating margin on wireless communication businesses is considerably lower (about 20% for the three big U.S. carriers), SpaceX could find that supplementing its network, or partner network, with its satellite connectivity could allow it to generate higher margins.
Meanwhile, it's unclear how profitable the AI segment can be. Although management boasts a tremendous return on its invested capital from its infrastructure-as-a-service deals, it might not have a long-term competitive advantage. The cost and viability of orbital data centers will determine if SpaceX can scale its operations and how profitable it will be.
At the same time, SpaceX's own AI development efforts appear to be taking a back seat, as it has fallen behind leading AI labs and has seen limited consumer traction. It will likely remain a niche player in the sector, weighing on operating margins. Despite the vast addressable market, SpaceX doesn't appear well-positioned to capture a significant share.
As such, I see much more potential for profit in the connectivity business than in AI.
How big could the business get? There's little doubt SpaceX has a very compelling product with its satellite internet business. However, leveraging that into a full-on wireless business is more difficult. It needs to build out a terrestrial wireless network to offer a competitive service. That takes both time, money, and access to limited, government-controlled spectrum licenses.
To that end, SpaceX acquired 65 MHz from EchoStar and participated in the recent Federal Communication Commission (FCC) auction for some of EchoStar's forfeited licenses. However, its participation was limited to filling in just a few key gaps, not indicative of plans to build an entire network.
To put SpaceX's spectrum position into perspective, T-Mobile, AT&T, and Verizon have 375 MHz, 314 MHz, and 279 MHz in population-weighted spectrum licenses, respectively. The next significant FCC auction is next year, so it will take a long time for SpaceX to catch up and build out a network.
But SpaceX does offer a key supplementary service to wireless carriers: satellite connectivity in remote areas. In fact, SpaceX's posturing may simply be a negotiating tactic to secure better terms or longer-term partnerships. SpaceX currently partners with T-Mobile in the U.S.
In that case, it could continue to expand the profitable Starlink business and receive a nice profit boost from carrier deals before pursuing the wireless space directly. New York University professor Aswath Damodaran projects it could generate $120 billion at a 60% operating margin by 2036. That's a 10-fold increase in 10 years, and it seems like a reasonable estimate based on the strength of the satellite connectivity business.
Unfortunately, investors are currently paying a premium price for the rest of the company, including its AI operations. If you expect an investment in SpaceX to produce reasonable returns at its current price, you must also expect the AI business to prove more profitable in the long run than its connectivity business. Right now, the connectivity business holds more promise.
Apple is expected to release its new foldable smartphone this fall but investors may have to wait for 2027 to see clear demand trends. (Courtesy Apple)
Apple upcoming foldable smartphone could be an instant hit with consumers, but it may take time to ramp up production and shipments of the new iPhone, according to a top industry analyst.
A Chinese smart-glasses maker founded by an Apple veteran has become a unicorn after a funding round with investors including Meituan and Tencent.
Even Realities Technology raised $150 million in the pre-Series B round, giving it a valuation of $1 billion. Company's founder and CEO Will Wang, who worked at Apple from 2016 to 2018 and was involved in the development and mass production of Apple Watch and iPhone, is eyeing the AI wearable market dominated by Meta Platforms.
The company will use the funds to develop its next-generation smart glasses platform, deepen AI integration, scale up global operations and accelerate product innovation, it said Monday.
The Shenzhen-based startup joined a slew of global peers, including Meta Platform, to build advanced gadgets and electronics that bring the benefits of AI to individual users. Alibaba launched Quark AI glasses in February.
Even Realities, which was founded in 2023, launched the Even G2 smart glasses with a bigger display in a lighter frame late last year, alongside the Even R1, a smart ring that controls the display of the G2. The company attributed its vision for Even G2 in part to Wang's stint at Apple.
Unlike Meta's camera-equipped Ray-Ban line, Even Realities' flagship G2 glasses have no camera or recording hardware, while sending messages, navigation, and live translation through a heads-up display embedded in the lenses – as the startup stresses user privacy.
"The future isn't about pulling out a device every time you need information," Wang said. "It's about having the right information available exactly when you need it, while remaining fully present in the world around you."
More than half of Even Realities' user base is located in the U.S., as are approximately 80% of its developers, the company said.
The global smart glasses category surged 167% from a year earlier in the first quarter, shipping 2.25 million units worldwide, according to consultancy firm IDC. Meta led the pack with nearly 70% market share, followed by augmented reality-equipped glasses maker Shenzhen RayNeo Technology and Chinese consumer electronics maker Xiaomi, according to IDC.
Growth was driven by mainstream adoption of display-less smart glasses, led by Meta's Ray-Ban partnership, according to IDC.
Global shipment of smart glasses, including those with display glasses or virtual-reality functions, is expected to more than double to 50 million in 2030.
Even Realities has largely been funded by Chinese-origin venture capital and private equity firms, including CDH Investment, Monolith Management, and CVC Capital. It raised an undisclosed amount from Hong Kong-headquartered Unicorn Capital Partners and Cyanhill Capital in January.
Its domestic rival Rokid is valued at $2.58 billion, according to PitchBook data, after the latest round that raised $522 million in March. RayNeo, incubated by TCL Electronics, is worth $239.9 million, according to PitchBook.
— CNBC's Serenitie Wang contributed to this report.
Microsoft (MSFT +1.69%), Amazon (AMZN +0.55%), and Alphabet (GOOG 0.37%) (GOOGL 0.23%) still have the two ingredients that can deliver solid returns for long-term investors: AI leadership and massive consumer reach. This provides them with multiple ways to grow revenue and compound earnings.
The S&P 500 has historically averaged about 10% annual earnings growth, according to FactSet. Here's why these "Magnificent Seven" companies can grow earnings faster than that, potentially leading to market-beating returns for shareholders.
Image source: Getty Images.
Microsoft Shares of Microsoft have fallen 23% year to date as investors debate what agentic AI means for the future of enterprise software. Some investors fear that Microsoft's enterprise software could be replaced by enterprises creating their own software tools with agentic AI, but this perspective might overlook one important advantage for Microsoft.
Microsoft's latest quarterly numbers show strengthening demand across its core services. Microsoft Cloud revenue, which includes Office subscriptions and enterprise cloud services, jumped 29% to nearly $55 billion. These numbers still show Microsoft positioned as the default productivity software provider for millions of people and businesses.
A key advantage for Microsoft is its deep enterprise relationships. Microsoft Copilot is grounded in a rich data pool from Work IQ, which has over 17 exabytes of data and is growing 35% year over year. This data spans billions of emails, chats, Team meetings, and documents. This means Copilot provides better answers as adoption grows. After another quarter of strong growth, Microsoft 365 Copilot now has over 20 million paid seats (or licensed users).
That explains why analysts still project long-term earnings growth of roughly 15% annually. With the stock trading around a conservative 22 times forward earnings, Microsoft has a reasonable path to at least double over the next five years and potentially outperform the broader market.
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Amazon Amazon is the cloud computing leader, and Amazon Web Services (AWS) continues to benefit from the AI spending cycle. AWS revenue surged 28% year over year in the first quarter, the fastest pace in 15 quarters.
What makes Amazon unique is its multiple revenue engines, including cloud business, advertising, and a massive e-commerce and shipping network. It can use shopping data to power its $70 billion in trailing-12-month advertising revenue, and use AI capabilities from its investments in data centers and chips to build shopping assistants like Rufus. It all synergizes together into a durable competitive moat.
Importantly, more of Amazon's business has shifted to high-margin services in recent years. Cloud consumption revenue, third-party fulfillment fees, advertising services, and subscriptions give Amazon several profitable growth engines that can expand earnings even if retail sales growth moderates.
For these reasons, analysts still expect Amazon's earnings to grow at an annualized rate of about 21% over the next several years. That high growth, combined with a reasonable forward earnings multiple of 27, could drive market-beating returns.
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Alphabet (Google) Billions of users across Search, YouTube, and other services fuel Alphabet's advertising and subscription revenue. However, its fast-growing cloud computing segment is showing why this is one of the best AI stocks to buy for the long term.
The company's revenue surged 22% year over year in the first quarter, reaching nearly $110 billion. Google Cloud is still a smaller contributor relative to Alphabet's total, but it's scaling quickly, with segment revenue up 63% year over year. This reflects trends similar to those in AWS, with enterprises scrambling to use AI tools to build custom applications and analyze their data more intelligently in the cloud.
Investments in training its Gemini AI model have led to more capable enterprise tools and consumer services, such as AI features built into Google Search. More helpful services pave the way for higher revenue potential.
Alphabet recently announced an $80 billion equity offering to fund its AI compute build-out, including a $10 billion investment from Warren Buffett's Berkshire Hathaway. This is a meaningful signal of the long-term growth opportunity as a leading AI distributor for consumers and enterprises.
The stock is trading at a reasonable forward earnings multiple of 25, with analysts projecting 15% annualized earnings growth in the coming years. This is roughly in line with Microsoft and Amazon, setting up excellent prospects for outperformance relative to the broader market.
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Microsoft Corporation (NASDAQ:MSFT) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Microsoft, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/microsoft-class-action-lawsuit.
Key Details of the Microsoft ($MSFT) Class Action:
Lead Plaintiff Deadline: August 11, 2026Alleged Misconduct: Securities fraud alleging that Microsoft misled investors regarding its Azure cloud computing platform and AI chatbot CopilotStock Drop: January 28, 2026 – 10% Stock DropCourt: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rights Investors have until August 11, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Microsoft common stock. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned City of St. Clair Shores Police and Fire Retirement System, et al., No. 26-cv-02071.
Why is Microsoft Being Sued for Securities Fraud?
Microsoft is a multinational technology company that develops software, cloud services, and devices. In recent years, Microsoft’s cloud computing platform named Azure has been Microsoft’s main growth driver. A key reason for Azure’s recent growth is Microsoft’s multi-billion-dollar investment into AI, including the development of its own generative AI chatbot named Copilot.
According to the complaint, during the relevant period, Microsoft consistently touted Copilot’s best-in-class capabilities, which purportedly drove widespread and growing user adoption. Copilot’s apparent success allowed Microsoft to report surging Azure-related revenue.
As alleged, in truth, Copilot suffered from severe functionality issues that caused user adoption to decline and put Microsoft’s Azure revenue at risk.
Why did Microsoft’s Stock Drop?
On January 28, 2026, Microsoft announced disappointing 2Q 2026 financial results and that Azure growth had slowed suddenly. Microsoft also allegedly revealed for the first time that the number of Microsoft 365 Copilot premium customers totaled only 15 million, materially below analyst estimates.
This news caused the price of Microsoft common stock to decline $48.13 per share, or 10%, from $481.63 per share on January 28, 2026, to $433.50 per share on January 29, 2026.
Additionally, on February 3, 2026, The Wall Street Journal reported in an article titled “Microsoft’s Pivotal AI Product Is Running Into Big Problems” that severe challenges and functionality issues had plagued Copilot, causing the application to lose market share. Specifically, The Wall Street Journal reported that “[c]onfusing brand positioning and interoperability problems have frustrated users.”
Click here for more information: https://www.bfalaw.com/cases/microsoft-class-action-lawsuit.
What Can You Do?
If you invested in Microsoft, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
LONDON--(BUSINESS WIRE)--Citi and the LPMCL today announce Citi's admission as a clearing member of London Precious Metals Clearing Limited (LPMCL), adding Loco London settlement services for gold, silver, platinum and palladium.
The new offering marks a major expansion of Citi Commodities’ global precious metals business as it delivers a more comprehensive product suite to its global client base.
“Citi’s admission as a clearing member of LPMCL represents a natural extension of our long‑standing precious metals business,” said José Cogolludo, Head of Commodities at Citi. “This role aligns well with our operating model and our commitment to supporting robust, efficient market infrastructure. We look forward to contributing to the continued strength and resilience of the London bullion market.”
James Cressy, Chair of LPMCL, said, “The addition of Citi as a clearing member of LPMCL demonstrates the openness and transparency of our membership process, allowing new entrants to join and participate in the clearing and settlement of the predominate global over the counter precious metals market.”
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi
Warren Buffett once joked that departing Apple (AAPL +4.88%) Chief Executive Officer Tim Cook made more money for Berkshire Hathaway (BRKA +1.41%) (BRKB +1.61%) shareholders than he ever did as CEO. Indeed, Buffett's decision to buy Apple, and a lot of it, turned out to be one of his most lucrative investments of all time. And while Buffett sold a huge chunk of the investment before stepping down as CEO, Apple remains Berkshire Hathaway's largest holding.
Greg Abel took over for Buffett at Berkshire at the start of the year, and he's started to exert his own influence on the company's enormous equity portfolio. Buffett left him with roughly $369 billion in cash and equivalents to deploy, as well as several dozen companies generating substantial free cash flow each quarter. After deploying an estimated $23 billion into a single stock, however, Abel may have already found Berkshire's next Apple.
Image source: Getty Images.
How Buffett and Munger started buying Apple At the 2012 Berkshire Hathaway annual meeting, Buffett and the late Vice Chairman Charlie Munger were asked whether they would consider buying companies like Apple and Google, now Alphabet (GOOG 0.37%) (GOOGL 0.23%). Buffett praised both companies and said, "I would not be at all surprised to see them be worth a lot more money 10 years from now, but I wouldn't want to buy either one of them."
It all came down to their circle of competence. "I think we can fairly say that other people will always understand those two companies better than we do," Munger added. "We have the reverse of an edge."
Four years later, Berkshire started buying Apple stock.
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The about-face stems from a complete reconsideration of Apple, especially as the stock price fell toward an incredibly cheap valuation. Buffett began to view Apple as a consumer-goods company with tremendous pricing power instead of a tech company reliant on innovation. And after Buffett lieutenants Ted Weschler and Todd Combs presented it as a good investment opportunity, he began buying it in large quantities. Ultimately, Buffett sunk $36 billion of Berkshire's cash into the stock from 2016 through 2018.
The willingness to continue examining every opportunity in the market ensured Buffett and Munger didn't miss out on the biggest investment of their lifetimes. Berkshire's Apple position grew to $177 billion in 2023 before Buffett started trimming the stock from the portfolio. After selling 75% of Berkshire's stake, the remaining shares are still worth more than $70 billion.
Greg Abel is taking a similar approach, examining every opportunity without abandoning the core investment philosophy behind Berkshire's portfolio. And that may have led to Berkshire Hathaway's next Apple: an opportunity to deploy a huge amount of capital with strong return potential.
Abel has made several big investments in his short tenure as CEO, but his biggest so far is the position in Alphabet. Berkshire initially took a small stake in Alphabet in the third quarter of last year while Buffett was still CEO. It's unclear whether Buffett, Weschler, or Combs pushed for that initial position. However, Abel appears to be behind the recent purchases, given their size.
Berkshire added nearly 40 million shares of Alphabet stock in the first quarter for an estimated cost of about $13 billion. At the start of June, Abel negotiated a $10 billion private placement for an additional 28.6 million shares. While Berkshire received a discount from the prevailing share price at the time of the deal, the stock subsequently sank below that level, allowing Abel to buy even more at the same price. It wouldn't be a surprise if he had.
Abel's decision to load up on Alphabet may seem like a big shift away from the core investment philosophy that got Berkshire to this place. But at its core, Alphabet may be simpler than it sounds. There are two key businesses within Alphabet: advertising and cloud computing.
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The advertising business is anchored by Search and YouTube, both of which have established durable competitive advantages. Many expected AI chatbots to disrupt Google's search dominance. Instead, it has reinforced Google as the first stop for most internet searches.
In fact, the company has leveraged AI to expand the types of searches users perform on its service. As a result, Alphabet has seen accelerating search ad revenue during the past four quarters. YouTube, likewise, has established itself as the top source for ad-supported video, winning over amateur and professional video producers alike with its monetization capabilities.
In cloud computing, the business is relatively straightforward. Alphabet builds capacity and rents it to customers. It has a few other capabilities to build out a fully fledged platform instead of merely renting infrastructure, but at its core, it's similar to a real estate business.
Alphabet has seen tremendous demand for its cloud service, as reflected in its remaining performance obligations. As of the end of the first quarter, the company had $460 billion in contracted backlog, up from $230 billion the previous quarter.
There's a long runway for growth at Alphabet across its business segments, especially with free cash flow from advertising funding accelerated growth in the cloud business. With the stock trading at less than 26 times forward earnings, it still looks like a good value relative to its growth outlook. And with a market cap of more than $4 trillion, Abel can deploy a huge chunk of Berkshire's cash in the business without disrupting the market. He could make it Berkshire's largest investment ever over the next few quarters.
Noble Helium Ltd (ASX:NHE, OTC:NBHEF, FRA:GN1) has appointed experienced oil and gas finance executive Jani Surjan as chief financial officer, effective July 6, 2026, as the company prepares for the next stage of development at its North Rukwa helium project in Tanzania.
The appointment follows Owain Franks’ transition from the CFO role and forms part of Noble’s planned refocusing of its board and management team.
Surjan is a chartered accountant with more than 30 years of commercial and public practice experience, predominantly across the oil and gas sector.
He has previously held senior finance roles including CFO positions at ASX-listed Warrego Energy Ltd and Nido Petroleum Ltd, as well as senior roles with Hancock Energy, Tap Oil Ltd and St John of God Health Care Group. His experience spans financial reporting, treasury, debt financing, budgeting, forecasting and taxation.
Surjan joined Noble Helium in March 2026 as group financial controller before being elevated to CFO.
Kinambo campaign in focus The appointment comes as Noble moves into what it describes as its next phase of growth, with the Kinambo drilling campaign scheduled to spud in August 2026.
Noble recently sharpened plans for its upcoming Kinambo helium drilling campaign in Tanzania, with 3D seismic reprocessing and gravity anomaly analysis identifying two optimised firm well locations and lowering operational risk.
The updated interpretation led Noble to adjust the first planned well location at Kinambo, on the western flank of its 100%-owned North Rukwa Project. Rig mobilisation is now expected in July 2026, ahead of the Kinambo-1 well spudding in August 2026.
The move reflects its efforts to build and focus the executive team needed to support the company through its next stage of development.
Executive chairman Dennis Donald said the company was “extremely fortunate” to have an executive of Surjan’s calibre join the team as CFO, adding that he had strong confidence in Surjan’s skills and abilities.
While it is undeniable that, in 2026, Nvidia (NASDAQ: NVDA) stock has not only slowed down but has also corrected from the highs above $5 trillion it set on several occasions in the last year, ChatGPT estimates the time is not quite right to take a short position against the semiconductor giant.
Specifically, OpenAI’s flagship artificial intelligence (AI) platform estimated after analyzing the market that, at the ongoing stage of the supercycle, NVDA’s performance is contingent on the continued capital expenditures (CapEx) of its largest customers:
Nvidia is no longer primarily trading on quarterly GPU demand. It’s trading on the duration of the AI investment cycle.
Additionally, ChatGPT determined that CapEx plans for 2027 will prove critical for the blue-chip chipmaker and, under the circumstances, assessed that the likely best opportunity for shorting Nvidia stock will come in late October and early November of 2026 – once the company’s customers’ plans become more set in stone.
ChatGPT picks the best time to short Nvidia stock. Source: Finbold & ChatGPT Notably, the AI warned that the sign that taking a short position is the right call will come in the form of either slower growth in planned CapEx or an outright decrease in planned expenditures – an outcome that is not guaranteed at press time on July 6, 2026.
Is now a good time to short Nvidia stock as Kyber racks get delayed Elsewhere, the Monday, July 6, news that Nvidia Kyber racks for Vera Rubin are getting delayed might have already presented a shorting opportunity, though both the NVDA extended session performance and the long-term implications indicate it might eventually transform into a tailwind.
MASSIVE DELAY: Just 3 months after Jensen demoed Kyber NVL144 at GTC, it has faced major setbacks and has been delayed by more than 12 months, pushing it back to 2028. Below, we explain why Kyber has faced massive delays and why NVIDIA’s NVL72x2 back-to-back rack architecture was… pic.twitter.com/VYduxnu01B
— SemiAnalysis (@SemiAnalysis_) July 5, 2026 Specifically, AI boom skeptics have, for months, been pointing out that the rollout of new racks could present a major problem for many of the semiconductor giant’s customers due to likely incompatibility with the chips designed for the current-generation Oberon.
The setup would, therefore, require significant overhauls of data centers – many of which are yet to be built – if not the construction of entirely new facilities should their operators desire to upgrade to the latest equipment.
Thus, the Kyber delay could enable Nvidia’s customers to use at least a significant portion of the useful life of the hardware they have already purchased before committing to billions, if not trillions, in additional CapEx.
Considering the most recent developments in the technology sector – exemplified by the implied oversupply of AI compute capacity – it is doubtful if interest in the new racks would be sufficient to allow the world’s largest chipmaker to maintain its growth rate or even its current valuations just short of $5 trillion.
2026 Nvidia stock price performance Meanwhile, despite slowing down, Nvidia stock remains 3.17% green year-to-date (YTD) and, despite the news of the next-generation racks delay, it has rallied 0.47% from $194.83 to $195.75 in the July 6 pre-market.
Nvidia stock price YTD chart. Source: Google Notably, the relatively small 2026 upside and the significant correction from all-time highs (ATH) above $5.5 trillion reduce the odds of NVDA shares suffering a major crash without significant external bearish news, especially since its smaller competitors like AMD (NASDAQ: AMD) and Intel (NASDAQ: INTC) enjoyed three-figure rallies this year.
A man takes a photograph next to a Netflix logo during an event in Mumbai, India, February 3, 2026. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing Rights, opens new tab
LOS ANGELES, July 6 (Reuters) - For Australian actor Luke Bracey, joining Netflix's (NFLX.O), opens new tab 2026 adaptation of the classic 1935 book "Little House on the Prairie" represents the return of a story that resonates across generations.
The show portrays a family in the 19th-century American West that goes through ups and downs but ultimately holds on to its love for one another — a theme Bracey believes is timeless.
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"It's no mistake, and it is no accident, that the story and the family are so loved by so many people for so long," said Bracey, who plays Charles Ingalls, the father of central character Laura Ingalls.
Both the "Little House on the Prairie" series and books are based on the real-life experiences of Laura Elizabeth Ingalls Wilder, who drew inspiration from her own childhood in a pioneer family. The series of books was published in the 1930s and 1940s.
The story has also been adapted before, most notably in a 1970s television series that ran on NBC until 1983.
Netflix's "Little House on the Prairie" follows the Ingalls family as they navigate frontier life while engaging with settler-colonial and Indigenous narratives.
Alongside Bracey as Charles Ingalls, the Ingalls family includes Laura, portrayed by Alice Halsey; Crosby Fitzgerald as Laura's mother, Caroline; and Skywalker Hughes as Mary, Laura's older sister.
While the show highlights many heartfelt themes, Halsey reflected on the challenges Laura faced growing up as a girl in the 1800s.
"I think boys had more privileges," she said.
"Girls didn't have the same opportunities that boys had back then. Girls didn't get to learn as much as boys did," she added, noting that if she had lived in Laura's time, she wouldn't have been able to pursue many of the things she loves today.
The story of the pioneering family's struggles and successes is led by creator and showrunner Rebecca Sonnenshine and has already been renewed for a second season ahead of its Season 1 premiere.
"We got to make so many amazing and just perfect memories last season, and now we get the chance to go back and make more," Hughes said.
The eight-episode series arrives on Netflix on Thursday.
Reporting by Matt Silverstein and Danielle Broadway; Editing by Stephen Coates
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Danielle Broadway covers topics that range from film premieres, celebrity news, Hollywood legal proceedings, theater, press junkets, enterprise stories and more at Thomson Reuters. She has a bachelor's and a master's degree in English Literature from Cal State Long Beach and previously worked at the Los Angeles Times and freelanced at Teen Vogue, USA Today, Black Girl Nerds and other outlets. Danielle won an LA Press Club award for her Los Angeles Times cover story about South Los Angeles representation in the show "Insecure" and is a GLAAD Media Award nominee for her work on the PBS series "Subcultured" episode about the gay rodeo. She is a member of the African American Film Critics Association, Critics Choice Association, LA Press Club and GALECA (LGBTQ+ Critics).
In February 2024, Walmart (WMT +2.77%) announced a 3-for-1 stock split. Each investor received two additional shares for every single one they already owned. This lowered the share price and increased the number of shares outstanding.
From a fundamental perspective, nothing changed. But businesses do this to make their shares more affordable and increase liquidity. These splits usually happen after a period of strong financial performance.
Walmart has reaped the rewards. Since the stock split's record date, this retail stock has climbed 91% (as of July 2). Here's where it could be in five years.
Image source: Getty Images.
Cementing its position atop the retail sector In the retail sector, Amazon attracts much of the market's attention. However, investors should not overlook Walmart. The company still dominates the industry, and its performance over the past few years underscores its ongoing success.
Walmart has made a strong push in online shopping. This was catapulted by the multi-billion-dollar acquisition of Jet.com in 2016. The company's stores also operate as distribution centers that support delivery and pickup orders, leveraging their physical footprint. E-commerce sales surged 26% globally year over year in the latest fiscal quarter (first-quarter 2027 ended April 30).
This business is leaning into other growth areas. For instance, the Walmart+ subscription service, which offers subscribers free delivery and other perks, now has almost 30 million members.
Walmart is also quietly becoming an advertising powerhouse. Worldwide digital ad sales jumped 37% last quarter.
These factors, coupled with stock buybacks, have propelled the company's diluted earnings per share 107% in the last five years. Sell-side analysts' consensus forecast calls for this bottom-line figure to rise at a compound annual rate of 12% in the coming three years, which is solid given how massive Walmart already is.
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High-quality, high-price Walmart's scale is unmatched, providing it with a durable cost advantage. Its high sales volumes give it significant leverage over suppliers, resulting in lower prices that benefit shoppers.
That leads to a compelling value proposition, anchored by a broad merchandise assortment, in any macroeconomic scenario. Walmart's U.S. same-store sales have grown for 12 straight years, despite there being no shortage of headwinds to navigate.
This is a high-quality business, without question. However, it's likely to be a market-lagging investment over the next five years. Expectations are high right now.
The valuation has gotten stretched. Shares trade at a price-to-earnings ratio of 39.4. That multiple has expanded 145% in the past decade. While the market is placing a premium on this company's stock today, there's a high probability that the valuation ratio will contract going forward.
Johnson & Johnson (NYSE:JNJ) will release its second quarter earnings report before the opening bell on Wednesday, July 15.
Analysts expect the New Brunswick, New Jersey-based company to report quarterly earnings of $2.85 per share, up from $2.77 per share in the year-ago period. The consensus estimate for Johnson & Johnson’s quarterly revenue is $25.05 billion. It reported $23.74 billion last year, according to Benzinga Pro.
On June 26, Johnson & Johnson announced additional data on IMAAVY throughout 12 abstracts at European Academy of Neurology 2026 Congress.
Johnson & Johnson shares rose 3.6% to close at $263.04 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying JNJ stock? Here’s what analysts think:
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Edmonton, Alberta--(Newsfile Corp. - July 6, 2026) - Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) ("Canamera" or the "Company") today announced assay results from its Turvolândia Ionic Clay Rare Earth Project (the "Project") in Minas Gerais, Brazil. The release covers additional assay results from the Marita Target; results from three new targets defined by a 26-hole regional exploratory program (Rose, Paiolinho, and Miguel); and a program-level summary across all 77 holes received to date. The results expand the Project from four to seven named, drill-confirmed rare earth target areas.
Highlights
Turvolândia expanded to seven drill-confirmed rare earth target areas from four previously announcedRose Target (TUV-AUG-070): 8 metres at 2,238 ppm TREO1 and 843 ppm MREO2 (2- 10m), including 3 metres at 3,776 ppm TREO and 1,578 ppm MREO (7-10m, end of hole. ) The Rose Target result is the strongest result from the regional exploratory program and compares favourably with results from previously announced highest grade targets at the Cortis zone.Marita Target: three holes all terminating in mineralised material; best sub-interval 3 metres at 1,715 ppm TREO and 272 ppm MREO (TUV-AUG-064, end of hole)Paiolinho and Miguel Targets return new results; Carvalho and Joaquim Targets named as two additional areas defined by the 26-hole regional exploratory program77 holes with results received to date; 62% returned at least one sample above 750 ppm TREO; peak 6,431 ppm TREO at Cordis (March 3, 2026)All values expressed as rare earth oxide equivalents. Conversion factors: JCU Advanced Analytical Centre.
1 TREO = CeO2 + Dy2O3 + Er2O3 + Eu2O3 + Gd2O3 + Ho2O3 + La2O3 + Lu2O3 +Nd2O3 Pr6O11 + Sm2O3 + Tb4O7 + Tm2O3 + Y2O3 + Yb2O3
2 MREO = Dy2O3 + Nd2O3 + Pr6O11 + Tb4O7 + Y2O3
"Turvolândia now has seven named rare earth targets, all confirmed by drilling, and the results from Marita and the regional program give us real confidence that the system is likely as extensive as the geophysics have suggested," commented Brad Brodeur, Chief Executive Officer of Canamera Energy Metals Corp. "The Rose Target, defined by TUV-AUG-070, returned 8 metres grading 2,238 ppm total rare earth oxides — which puts it firmly in the range of what we have seen at Cordis, Linda, and South. At Marita, we drilled three holes and all three ended in rare earth mineralisation, with grades increasing as we went deeper. That is exactly what you want to see in an ionic clay system: it tells us the mineralisation is still there below where the auger stopped. We have 47 more results to report and 20 holes pending at Linda alone. Every batch brings the system into sharper focus."
Marita Target
The Marita Target was first identified as part of the four-target system described in the Company's June 16, 2026 news release. Three of 17 auger holes completed at Marita are reported here; results from the remaining 14 are pending.
All three reported holes terminated in mineralised material, with TREO and MREO grades increasing toward the base of each hole. The pattern is consistent with the IAC-REE model: in this deposit type, REE enrichment concentrates in the lower saprolite zone above the weathered-fresh rock transition, and holes that end in elevated grades indicate the mineralised horizon continues below the auger's penetration depth.
TUV-AUG-018 was drilled vertically to 18 metres. The full-hole average of 715 ppm TREO includes an anomalous near-surface metre at 4-5m (1,343 ppm TREO) and a deepening enrichment zone in the final 2 metres (16-18m), where the hole terminated averaging 1,368 ppm TREO and 534 ppm MREO.
TUV-AUG-040 was drilled vertically to 13 metres, with grades rising steadily through the upper profile into the 4-metre end-of-hole interval (9-13m) averaging 1,144 ppm TREO and 362 ppm MREO. The final metre (12-13m) returned the highest individual reading in the hole at 1,244 ppm TREO and 429 ppm MREO.
TUV-AUG-064 was drilled vertically to 8 metres, with the deepest 3 metres (5-8m) averaging 1,715 ppm TREO and 272 ppm MREO. The single metre at 5-6m returned 2,742 ppm TREO, accounting for 53% of the 3-metre interval's total grade-metres.
All three holes at the Marita Target terminated in mineralised material. Deeper drilling is required to define the base of the mineralised horizon at this target.
Figure 1 - Assay profile of TUV-AUG-018, TUV-AUG-040, and TUV-AUG-064 (Marita Target)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11828/304026_89d9843fd4fe0ab8_001full.jpg
Figure 2 - Regional target locations and exploratory drill hole planTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11828/304026_89d9843fd4fe0ab8_002full.jpg
Regional Exploratory Program
The Company completed an additional 26 auger holes across the broader Turvolândia tenure to evaluate geophysical anomalies identified through total-count radiometric surveys conducted prior to drilling. Twenty-six holes tested radiometric anomalies outside the four established target areas and generated five new named targets: Rose, Paiolinho, Miguel, Carvalho, and Joaquim.
Results from three targets (Rose, Paiolinho, and Miguel) are presented below.
Rose Target
Hole TUV-AUG-070 was drilled vertically to 10 metres. An 8-metre interval from 2 metres to end of hole averaged 2,238 ppm TREO and 843 ppm MREO, with MREO representing 38% of TREO across the interval. Grades increased sharply in the final 3 metres (7-10m), which averaged 3,776 ppm TREO and 1,578 ppm MREO; the deepest metre (7-8m) returned the interval peak at 4,134 ppm TREO and 1,683 ppm MREO. The hole terminated in mineralised material at 10 metres.
Paiolinho Target
Hole TUV-AUG-066 was drilled vertically to 7 metres. Mineralisation was present throughout the full hole profile, with the upper 4 metres (0-4m) averaging 679 ppm TREO and the lower 3 metres (4-7m, end of hole) averaging 1,192 ppm TREO and 304 ppm MREO. The hole terminated in mineralised material.
Figure 3 - Assay profile of TUV-AUG-066 (Paiolinho Target) and TUV-AUG-070 (Rose Target)To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11828/304026_89d9843fd4fe0ab8_003full.jpg
Miguel Target
Hole TUV-AUG-038 was drilled vertically to 18 metres. The lower 8 metres of the hole (10-18m) averaged 744 ppm TREO and 326 ppm MREO. Within this interval, grades increased toward the base of the hole; the final 3 metres (15-18m) averaged 977 ppm TREO and 427 ppm MREO, with the second-to-last metre (16-17m) returning 1,136 ppm TREO and 500 ppm MREO. The hole terminated in mineralised material at 18 metres. MREO represents 44% of TREO across the 8-metre interval — the highest ratio among the highlighted holes reported here.
Program Summary
The Company has now completed 124 auger holes totalling 1,379 metres at an average depth of 11.12 metres across the Turvolândia Project. Assay results have been received for 77 of 124 holes. Results from the remaining 47 holes, including 20 follow-up holes at the Linda Target announced June 9, 2026, are pending and will be reported upon receipt and validation.
Across the 77 holes for which results have been received:
48 holes (62%) returned at least one sample grading above 750 ppm TREO, indicating broad, spatially distributed rare earth enrichment across the Project26 holes (34%) returned at least one sample grading above 1000 ppm TREO36 holes (47%) returned at least one sample grading above 200 ppm MREO Peak TREO: 6,431 ppm over 1 metre (TUV-AUG-014, Cordis Target)Peak MREO : 2,847 ppm (TUV-AUG-014)Peak Nd₂O₃ + Pr₆O₁₁: 2,246 ppm; peak Dy₂O₃ + Tb₄O₇: 163 ppmPreviously announced results from the Cordis Target (March 3, 2026), the Linda Target (June 9, 2026), and the South Target (June 16, 2026) are available in those respective news releases, accessible at www.canamerametals.com and on SEDAR+ at www.sedarplus.ca.
The seven named target areas now defined at Turvolândia are: Cordis, Marita, South, and Linda (four previously established targets) and Rose, Paiolinho, Miguel, and Carvalho (three new targets defined by the regional exploratory program).
The Turvolândia Project is located within a geological setting dominated by regional granitoid intrusions and lateritic weathering profiles consistent with ionic adsorption clay-hosted REE mineralisation. In this deposit type, rare earth elements are adsorbed onto clay minerals within the saprolitic weathering horizon above fresh basement rock and are typically concentrated in the lower portion of that profile. The pattern of mineralisation increasing toward the base of drill holes — observed at Marita, Rose, Paiolinho, and Miguel — is consistent with this model and indicates that auger penetration has not reached the base of the mineralised horizon at these targets.
Next Steps
Assay results from the remaining 47 holes — including 20 follow-up holes at the Linda Target — will be reported upon receipt and validation. The Company is evaluating a next-phase program, including deeper drilling at Cordis, Linda, Marita, Rose, and South to test below the auger-penetration depth.
There can be no assurance that future exploration programs will define economically recoverable mineral resources.
Assay Methodology and QA/QC
Auger drill samples were collected at one-metre intervals and submitted to SGS Geosol Laboratórios Ltda., Vespasiano, Minas Gerais, Brazil (ISO/IEC 17025 accredited), an independent laboratory, for multi-element analysis by ICP-OES/MS including all rare earth elements. The QA/QC program included the regular insertion of certified reference materials, blank standards, and field duplicates. Elemental values were converted to rare earth oxide equivalents using standard conversion factors.
The conversion factors used are included in the table below. (source: https://www.jcu.edu.au/advanced-analytical-centre/resources/element-to-stoichiometric-oxide-conversion-factors)
Table 1: REE Conversion Factors
ElementFactorOxideUnitCe1.2284CeO₂ppmDy1.1477Dy₂O₃ppmEr1.1435Er₂O₃ppmEu1.1579Eu₂O₃ppmGd1.1526Gd₂O₃ppmHo1.1455Ho₂O₃ppmLa1.1728La₂O₃ppmLu1.1371Lu₂O₃ppmNd1.1664Nd₂O₃ppmPr1.2082Pr₆O₁₁ppmSm1.1596Sm₂O₃ppmTb1.1762Tb₄O₇ppmTm1.1421Tm₂O₃ppmY1.2699Y₂O₃ppmYb1.1387Yb₂O₃ppmQualified Person
The scientific and technical information in this news release has been reviewed and approved by Warren Robb, P.Geo. (British Columbia), VP Exploration of Canamera Energy Metals Corp. and a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
For a discussion of the Company's QA/QC and data verification processes and procedures, please see its most recently-filed technical report, a copy of which may be obtained at www.sedarplus.ca.
About Canamera Energy Metals Corp.
Canamera Energy Metals Corp. is a rare earth elements exploration and development company with an expanding project portfolio across Brazil, the United States, and Canada. The Company is focused on advancing ionic clay REE projects in Brazil and critical mineral assets in North America to support Western rare earth supply chain independence. For more information, visit www.canamerametals.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, including, but not limited to, statements regarding: the Company's expectation that assay results from the remaining holes will be reported upon receipt and validation; the Company's evaluation of next-phase exploration programs at the Turvolândia Project, including potential deeper drilling to assess mineralisation below the auger-penetration depth at the Marita, Rose, and South targets; the potential for mineralisation at the Marita, Rose, Paiolinho, and Miguel target areas to continue below the depths reached by auger drilling; the potential for the Carvalho and Joaquim target areas to host rare earth mineralisation; the potential for the nine named target areas to be associated with ionic adsorption clay-hosted rare earth mineralisation; and the potential for the Turvolândia Project to host a large-scale, regionally extensive rare earth system with multiple mineralised corridors.
Forward-looking information is based on assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Such assumptions include, without limitation: that follow-up drilling and exploration programs can be designed and executed on commercially reasonable terms; that the geological and geophysical interpretations of the Project are consistent with ionic adsorption clay-hosted rare earth mineralisation; that assay results from the 47 pending holes will be received and validated in a timely manner; that exploration results will continue to support the Company's assessment of the Project's potential; and that rare earth commodity prices and market conditions remain sufficient to support continued exploration investment.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. These risks include, but are not limited to: the possibility that deeper drilling does not confirm the continuity or extent of mineralisation below the auger-penetration depth at the Marita, Rose, South, or other targets; the possibility that assay results from the 47 pending holes do not confirm or expand the mineralisation reported to date, or that results are delayed; the risk that the Carvalho and Joaquim target areas do not contain material rare earth mineralisation; the risk that the nine target areas at Turvolândia do not collectively represent a large-scale ionic adsorption clay-hosted rare earth system amenable to economic extraction; volatility in rare earth and critical mineral commodity prices; and general exploration risks inherent to the evaluation of mineral properties at an early stage. Readers are referred to the risk factors described in the Company's most recent continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking information to reflect events or circumstances after the date of this news release.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
APPENDIX: DRILL HOLES TUV-AUG-0018, 0038, 0040, 0064, 0066 AND 0070 FULL RARE EARTH ELEMENTS AND GALIUM ASSAYS
Initial results lay the groundwork for key objective of the United States Genesis Mission
Quantum-centric supercomputing algorithm takes aim at tritium extraction – a bottleneck to abundant energy and a long-standing challenge for classical computers working alone
, /PRNewswire/ -- A team of scientists from Oak Ridge National Laboratory (ORNL), Cleveland Clinic, and IBM (NYSE: IBM), have calculated nine molecular configurations of a promising material to produce fuel for fusion energy – the first-known instance of such computations on quantum computers.
Neutrons from fusion plasma strike a molten salt blanket to produce tritium — this material is now being modeled with quantum computers. (Credit: IBM) Such calculations, demonstrated in a new paper published on arXiv, are computationally challenging for classical computers to scale when working alone. They are a fundamental step towards optimizing the production and extraction of tritium – an extremely rare material in nature that is necessary to produce fusion energy with most of the proposed machines. Ensuring adequate supplies of tritium has long been a barrier to realizing the promise of clean and abundant energy from fusion power plants, and solving this issue is a key objective of the United States Department of Energy's (DOE) Genesis Mission.
Quantum computers are well-suited to compute the atomic-level chemistry of a liquid salt that contains fluorine, lithium, and beryllium (FLiBe), one of the leading candidate materials for extracting tritium fuel in fusion reactors. To compute different configurations of clusters of FLiBe, the team used the same quantum-centric supercomputing techniques now being applied to 12,635-atom protein simulations with Cleveland Clinic. These methods can calculate the quantum behavior of electrons in complex materials, complementing and enhancing the capabilities of classical supercomputers and algorithms.
"In order to demonstrate the capabilities catalyzed by the Genesis Mission, we have built a team of leading experts across seven DOE national labs, four universities, three industry partners, and Cleveland Clinic to pursue a multi-pronged discovery cycle aimed at optimizing tritium production in molten salt fusion blanket materials," said Tom Beck, Section Head for Science Engagement in the Computing and Computational Sciences Directorate at ORNL. "Quantum computers, such as those built by IBM and enhanced by AI and exascale computing, are key tools that accelerate the discovery and design cycles needed to produce sufficient tritium to fuel fusion reactors."
"This work builds on our advances in simulating complex biological systems at scale, including proteins spanning 12,635 atoms and extends those techniques into materials science to explore fusion-relevant systems with greater accuracy and efficiency," said corresponding author Kenneth Merz, PhD, staff scientist at Cleveland Clinic. "At Cleveland Clinic, we are focused on applying advanced technologies to deepen scientific understanding and accelerate discovery. This collaboration reflects the growing importance of quantum computing, AI, and high-performance computing as tools for scientific inquiry. By bringing these technologies together, researchers can provide solutions to challenging real-world problems with greater speed and precision."
"Bringing quantum, AI, and classical computing together is essential to tackling our society's most fundamental scientific challenges – unlocking capabilities which none of these paradigms can access alone," said Jerry Chow, CTO of Quantum-Centric Supercomputing at IBM. "These results add to mounting evidence that quantum-centric supercomputing is now a practical scientific tool for problems that have long challenged chemists, engineers, and materials scientists. As quantum computers scale, the path ahead is promising."
The Tritium Challenge at the Heart of Fusion Energy
The exploration aligns with the Genesis Mission's broader goal to unify high-performance computing (HPC), artificial intelligence, and quantum computing with the country's major scientific instruments across the DOE's 17 national laboratories to accelerate scientific discovery. As one of the mission's industry collaborators, IBM is working with its partners to explore how quantum-centric supercomputing – which brings together CPUs, GPUs, and QPUs to solve problems they cannot tackle alone – could help to address critical national challenges, including precisely modeling complex material interactions to help unlock a fuel supply for widespread, fully working fusion power plants.
Optimizing the best recipe for FLiBe – whose composition is dynamically changing under intense neutron radiation, extreme heat, and magnetic fields – is one of the hardest science and engineering challenges today. It requires extensive study of its quantum mechanical properties including energetics, stability, and interaction with tritium to understand how it will perform multiple functions, including that of tritium breeding material at very hot temperatures. Today, such research is only possible through difficult and expensive experimentation, or through classical computing approximation methods that can lack accuracy.
To compute energies of different FLiBe conformations with and without tritium, the team used quantum-centric supercomputing to enable quantum and classical computers to work together – in which the parts of a problem that can be broken down into quantum circuits are solved on a quantum computer. This allowed the team to more precisely determine the electronic structure of the material and how its atoms behave, particularly how strongly they bind tritium at a fundamental molecular level. In turn, the scientists could identify the range of configurations the atoms moved through and extract properties – such as how strongly and through which mechanism each configuration binds tritium – that would otherwise remain hidden.
The Road Ahead
The collaboration is ongoing, aiming to reduce the time it takes for data to transfer between quantum and classical resources and to scale the size of molecular interactions simulated. Eventually, the team hopes the fusion energy ecosystem will be able to use this workflow directly to design and verify their own materials.
This work adds to a growing body of 2026 milestones demonstrating IBM quantum computers as useful scientific tools – including simulating real magnetic materials, creating a never-before-seen half-Möbius molecule, and modeling proteins relevant to biological research that span up to 12,635 atoms.
For more about this research, please read the blog: https://www.ibm.com/quantum/blog/molten-salts-fusion-quantum
About IBM
IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service.
For more information, visit https://research.ibm.com.
Media Contacts:
Danielle Cerasani Estevez
IBM Communications
[email protected]
Brittany Forgione
IBM Communications
[email protected]
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it is investigating Barry Diller’s bid to buy MGM Resorts International (NYSE:MGM). MGM is incorporated in Delaware.
Barry Diller is a member of MGM’s board of directors. People, Inc. (“People,” f/k/a/ IAC, Inc.), a company that Diller founded and controls, is MGM’s largest single stockholder. On June 1, 2026, People made an unsolicited bid to buy the remaining MGM stock for $48.30 per share.
If you are a current shareholder of MGM, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/mgm-resorts-investigation.
Key Details of the MGM ($MGM) Investigation:
Investigation Overview: Breaches of Fiduciary Duty in connection with Barry Diller’s offer to acquire the remaining stock of MGM for $48.30 per shareAction: Contact BFA Law to discuss your rights Why is the MGM Transaction being Investigated?
As a director, Diller owes fiduciary duties to MGM and its stockholders. People also recently entered a governance agreement with MGM that gave People the right to designate two MGM directors going forward. Because Diller “stands on both sides” of the proposed deal, and because other MGM fiduciaries could potentially receive benefits that other stockholders do not receive, these facts create a create conflicts of interest under Delaware law. If MGM and Diller reach an agreement, they must comply with Delaware’s strict requirements for “cleansing” these conflicts and ensuring the deal is fair to MGM’s stockholders.
In a news release on June 1, MGM stated that the board of directors “will carefully review and consider the proposal to determine the course of action that it believes is in the best interests of the Company and all of its shareholders.”
BFA is investigating whether the potential agreement complies with Delaware law.
If you are a current holder of MGM stock, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Season explores more of the Caribbean with longer port stays, immersive experiences, private island escapes and a longer journey tracing Pan Am's historic routes
Key Points:
2027–2028 Caribbean season features 29 itineraries across 47 departures, with more nine-day-or-longer voyages than any other cruise line Range of itineraries spans five- and six-day getaways to extended journeys across the Eastern, Western and Southern Caribbean, as well as the Panama Canal Season includes diverse experiences, from relaxing escapes at RelaxAway, Half Moon Cay to the 28-day Pan Am Legendary Voyage tracing historic Clipper flying boat routes Enhanced guest experience features upgrades across the fleet, including the debut of the reimagined Oosterdam with new staterooms and onboard venues , /PRNewswire/ -- Holland America Line, a leader in destination-rich travel and personalized service, is opening its 2027–2028 Caribbean season with a range of itineraries designed to give guests more ways to explore the region — from quick five- and six-day getaways to longer voyages that spend more time in port than any other cruise line sailing the Caribbean. Nearly every itinerary includes a call at RelaxAway, Half Moon Cay, the line's award-winning private island.
RelaxAway Half Moon Cay Sailing October 2027 through March 2028, the season includes 29 itineraries across 47 departures, visiting 35 ports in 25 countries and territories throughout the Eastern, Western and Southern Caribbean, as well as the Panama Canal. The season also introduces enhanced onboard and shoreside experiences, including the debut of the reimagined Oosterdam as part of the line's broader Evolution investment across the fleet.
"We've built this season to give guests more ways to experience the Caribbean, whether they are looking for a quick getaway or a longer journey that explores more of the region," said Paul Grigsby, vice president, deployment and revenue planning for Holland America Line. "With more Caribbean itineraries of nine days or longer than any other cruise line, guests have more time to explore each destination and relax at our private island and with signature experiences on board."
Throughout the season, guests can expect experiences designed to connect more deeply with the region, both on board and ashore. Shore excursions curated with The HISTORY Channel and locally focused "Meet the Makers" tours bring each destination to life, while Destination Dining™ and the line's Global Fresh Fish Program reflect the flavors of the Caribbean. On board, guests can unwind in spaces like the adults-only aft pool, where live music, poolside service and ocean views create a more relaxed atmosphere.
A New Chapter for Oosterdam in the Caribbean
Guests sailing in the Caribbean beginning December 2027 will also have the opportunity to experience the reimagined Oosterdam, the first ship to debut as part of Holland America Line's Evolution investment. Following its transformation, the ship introduces new stateroom and suite categories designed to reflect how guests travel today, along with expanded access to signature venues.
New accommodations include Solo Verandah staterooms with private balconies and dedicated workspace, as well as premium options such as Bridgeview Suites with panoramic ocean views and expanded living space, and Vista Suites debuting on the ship for the first time. The transformation also adds Grand Dutch Café, an all-day venue inspired by the line's Dutch heritage. During the 2027–2028 Caribbean season, Oosterdam will sail longer itineraries across the Southern Caribbean and Panama Canal.
RelaxAway, Half Moon Cay: A Signature Caribbean Experience
RelaxAway, Half Moon Cay is included on nearly every Caribbean itinerary and is being enhanced with new offerings that elevate the private island experience. A new beach club features waiter service, priority tendering, exclusive food and beverage options, and upgraded seating, along with indoor and outdoor spaces with ship views.
Guests will also find a refreshed Lobster Shack, island-exclusive menu items and new beverage experiences including Aperol spritz tricycles and Bacardi beach buggies. Additional upgrades include expanded cabanas and villas, new shopping venues, enhanced beach facilities and activities such as pickleball. Shore excursions range from kayaking and snorkeling with stingrays to horseback riding along the beach.
Holidays at Sea
Holland America Line offers eight holiday cruises during the season, giving guests a range of options to celebrate at sea. Guests can spend the holidays aboard Rotterdam on a Dec. 22, 2027, roundtrip from Fort Lauderdale, Florida, seven-day Eastern Caribbean Holiday itinerary, sailing to Grand Turk, Turks & Caicos; RelaxAway, Half Moon Cay; Charlotte, Amalie; St. Thomas; and a late-night stay in San Juan, Puerto Rico. For a longer holiday escape, guests can sail aboard the newly reimagined Oosterdam on an 11-day Southern Caribbean Holiday voyage, also departing Dec. 22, roundtrip from Fort Lauderdale, with calls at RelaxAway, Half Moon Cay; George Town, Grand Cayman; and Cartagena, Colombia, along with late-night stays in Aruba and Curaçao.
Ships are decorated for the season and feature festive dining, live music and holiday programming that bring together traditions from around the world, giving guests the opportunity to celebrate without the stress of planning.
Reliving the Golden Age of Travel at Sea
A highlight of the season is the 28-Day Pan Am 100th Anniversary Legendary Voyage aboard Zuiderdam, departing Oct. 30, 2027, roundtrip from Miami, Florida. Created in partnership with Pan Am, the sailing traces the airline's historic Clipper flying boat routes across the Caribbean, Mexico and Latin America, visiting 19 ports in 13 countries. Nearly half of the itinerary features destinations that were part of Pan Am's original network, offering guests the opportunity to follow in the footsteps of one of travel's most iconic brands while exploring both well-known and less frequently visited ports throughout the region.
The itinerary includes stops in Nassau, Bahamas, and San Juan, two early hubs in Pan Am's Caribbean network, along with ports such as Willemstad, Curaçao; Cartagena; and Colón, Panama. The voyage also includes multiple consecutive port days in parts of the Caribbean, giving guests more time in the destination compared to shorter itineraries.
Full Itinerary Highlights
Five- to Six-Day Itineraries
5-Day Eastern Caribbean & Bahamas Getaway, onboard Zuiderdam, roundtrip from Fort Lauderdale Calls at Nassau; RelaxAway, Half Moon Cay; Grand Turk Sails Dec. 18, 2027 6-Day Eastern Caribbean: Amber Cove & Bahamas, onboard Eurodam, roundtrip from Fort Lauderdale
Calls at RelaxAway, Half Moon Cay; Amber Cove, Dominican Republic; Grand Turk Sails March 26, 2028 Seven- to Eight-Day Itineraries
7-Day Eastern Caribbean: Amber Cove & Key West, onboard Eurodam, roundtrip from Fort Lauderdale
Calls at RelaxAway, Half Moon Cay; Amber Cove; Key West, Florida; Grand Turk Sails Oct. 23, 2027 7-Day Eastern Caribbean: Amber Cove & Bahamas, onboard Rotterdam or Zuiderdam, roundtrip from Fort Lauderdale or Miami
Calls at Nassau; RelaxAway, Half Moon Cay; Grand Turk; Amber Cove Departs Nov. 27 (Miami), Dec. 11, 2027; Jan. 15, Jan. 29, Feb. 12, Feb. 26, March 11, March 25, 2028 Holiday departure Dec. 23, 2027 (Zuiderdam) 7-Day Eastern Caribbean: San Juan & St. Thomas, onboard Eurodam, Rotterdam or Zuiderdam; roundtrip from Fort Lauderdale or Miami
Calls at RelaxAway, Half Moon Cay; Grand Turk; San Juan; St. Thomas Departs Dec. 4, 2027 (Miami); Jan. 8, Jan. 22, Jan. 29, Feb. 5, Feb. 19, March 4, March 18, 2028 Holiday departures Dec. 22, 2027 (Rotterdam); Dec. 30, 2027 (Zuiderdam) 8-Day Eastern Caribbean: San Juan & St. Thomas, onboard Eurodam, roundtrip from Fort Lauderdale
Calls at RelaxAway, Half Moon Cay; Grand Turk; San Juan; St. Thomas; St. Maarten Sails Nov. 13, 2027 Nine- to 12-Day Itineraries
9-, 10- or 11-Day Southern Caribbean: ABC Islands, onboard Oosterdam, Rotterdam or Eurodam, roundtrip from Fort Lauderdale
Calls at RelaxAway, Half Moon Cay; Aruba; Curaçao 9- and 10-day include Bonaire; 10-day includes Cabo Rojo, Dominican Republic; 11-day includes Grand Cayman and Cartagena Departs Jan. 14, Feb. 4, Feb. 23, Feb. 25, March 17, 2028 Holiday departures Dec. 22, 2027 (Oosterdam); Dec. 29, 2027 (Rotterdam) 10- or 11-Day Western Caribbean: Greater Antilles, Belize & Mexico, onboard Eurodam, roundtrip from Fort Lauderdale
Calls at RelaxAway, Half Moon Cay; Falmouth, Ocho Rios or Montego Bay, Jamaica; Grand Cayman; Mahogany Bay, Honduras; Belize City, Belize; Cozumel, Mexico Departs Dec. 12, 2027; Jan. 2, March 4, 2028 Holiday departure Nov. 21, 2027 (Eurodam) 10- or 11-Day Eastern Caribbean: Windward & Leeward Islands, onboard Eurodam, roundtrip from Fort Lauderdale
Calls at St. Maarten; Antigua; Martinique; St. Kitts; San Juan 11-day includes Dominica Departs Dec. 1, 2027; Jan. 12, Feb. 12, March 15, 2028 Holiday departure Dec. 22, 2027 (Oosterdam) 12-Day Panama Canal Discovery: Costa Rica & Greater Antilles, onboard Volendam or Oosterdam, roundtrip from Fort Lauderdale
Calls at RelaxAway, Half Moon Cay; Aruba or Curaçao; Cartagena; Colón; Puerto Limón, Costa Rica; Grand Cayman Features partial Panama Canal transit and Gatun Lake Departs Dec. 11, 2027; Jan. 2, Jan. 23, Feb. 13, March 5, March 26, 2028 12-Day Eastern Caribbean: Barbados, St. Lucia & St. Kitts, onboard Volendam, roundtrip from Fort Lauderdale
Calls at RelaxAway, Half Moon Cay; St. Maarten; St. Kitts; Martinique; Barbados; St. Lucia; Tobago Sails Dec. 23, 2027 FAQ
What is new for Holland America Line's 2027–2028 Caribbean season?
The season features 29 itineraries across 47 departures from October 2027 through March 2028, with more nine-day-or-longer Caribbean cruises than any other cruise line, plus enhanced ship experiences and upgrades to RelaxAway, Half Moon Cay. What cruise lengths are available?
Guests can choose cruises that range from five to 28 days, shorter from five- to eight-day voyages, and longer itineraries of nine to 12 days, along with a 28-day Pan Am Legendary Voyage. Collectors' Voyages combine non-repeating, back-to-back cruises, forming an extended Caribbean experience. Where do the cruises travel?
Itineraries span the Eastern, Western and Southern Caribbean, including stops in Grand Turk, San Juan, St. Thomas, St. Maarten, the ABC Islands (Aruba, Bonaire and Curaçao), Colombia and the Panama Canal. Do the cruises include RelaxAway, Half Moon Cay?
Nearly every sailing includes a visit to RelaxAway, Half Moon Cay, Holland America Line's private island in the Bahamas, now featuring a new beach club, expanded cabanas and upgraded dining and beverage experiences. Are there holiday cruises available?
Yes. Eight holiday sailings are offered, including Thanksgiving, Christmas and New Year itineraries with festive décor, seasonal dining and special onboard programming. Guests booking 2027-2028 Caribbean cruises with the Have It All premium package receive standard amenities—shore excursions, specialty dining, Signature Beverage Package, and Wi-Fi. For more information about Holland America Line or to book a cruise, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com.
Find Holland America Line on Facebook, Instagram and the Holland America Blog. You can also access all social media outlets via the home page at hollandamerica.com.
About Holland America Line
Holland America Line has been exploring the world for more than 150 years with expertly crafted itineraries, extraordinary service and genuine connections to the destinations. Offering a perfectly-sized ship experience, its fleet of 11 vessels visits nearly 400 ports in 114 countries around the world and has shared the thrill of Alaska for more than 75 years — longer than any other cruise line. Savour the Journey isn't just a tagline, it's a reinforcement that the cruise line provides experiences too good to hurry through, connecting travelers to the world and each other. Award-winning enrichment programming, entertainment and cuisine that brings each locale on board, including a revolutionary Global Fresh Fish Program, put Holland America Line at the forefront of premium cruising. Holland America Line is part of Carnival Corporation, the world's largest cruise company with a portfolio of cruise lines operating in over 800 ports & destinations worldwide. (NYSE: CCL).
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Readers are advised to fact-check thoroughly before making any investment-related decisions; this reflects the personal views of the author and should not be pursued as formal financial or investment advice in any manner. While every effort has been made to ensure accuracy, errors may exist in the data and financial projections presented. The author is not responsible for any financial gains or losses incurred from investments made based on this content.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
, /PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") provided an update today on the initial drill results from its 2026 surface in-fill diamond drilling program on the Las Brisas Target at its Zancudo Project in Colombia. The results announced today have been received from the final assays for the first four drill holes totaling approximately 660 meters carried out from the first purpose-built surface drill platform.
Highlights
Attachment 1 – Map showing the location of the drill holes for the Las Brisas 2026 drilling campaign (CNW Group/Denarius Metals Corp.)
Attachment 2 – 3-D Structural sketch of the Las Brisas Target (CNW Group/Denarius Metals Corp.)
Attachment 3 – Long-section showing the ore-shoots on the Manto Antiguo structure (CNW Group/Denarius Metals Corp.)
Attachment 4 – Long-section showing the ore-shoots on the Santa Catalina structure (CNW Group/Denarius Metals Corp.) Multiple high gold and silver grade intercepts were intersected in the first in-fill drill holes completed on the Las Brisas Target, providing further confirmation of the high-grade nature of the mineralization previously modelled on the Manto Antiguo and Santa Catalina structures.
7.43 g/t Au and 15 g/t Ag over 1.20 m from 93.8-95.0 m, hole ZM-195, Santa Catalina, including 28.70 g/t Au and 38 g/t Ag over 0.30 m from 94.3-94.6 m.
8.36 g/t Au and 1,670 g/t Ag over 1.0 m from 160.3-161.3 m, hole ZM-197, Manto Antiguo, including 27.83 g/t Au and 5,564 g/t Ag over 0.30 m from 160.60-160.90 m. Serafino Iacono, Executive Chairman of Denarius Metals, commented, "This early progress at the Las Brisas Target reinforces our confidence in the continuity and quality of the known ore deposits at Zancudo. The 2026 in-fill drilling program has been designed taking into account the successful results achieved in our 2024 in-fill drilling campaign and underscores the potential and prospectivity of delineating new zones and expanding existing ones near planned mining infrastructures. We look forward to providing further updates through the course of this year's drilling campaign".
Las Brisas Target – Details of the Drilling Results
The Las Brisas Target represents an unexploited block within the Manto Antiguo structure preserved by past mining. The in-fill drilling program for the Las Brisas Target has been designed at 50x50 meters drill centers from eight platforms (IF-5 to IF-12) aimed at better delineating and confirming the consistency of mineralization on the two ore-shoots outlined by previous drilling on the Manto Antiguo and Santa Catalina structures, of which the Manto Antiguo ore shoot is controlled by the intersection of the Manto Antiguo and Santa Catalina structures and which usually shows wider and higher-grade intercepts. The drilling program on the Las Brisas Target commenced in late April 2026 with one drill rig operating from purpose-built surface drill platforms and comprises a total of approximately 6,000 meters of drilling to be carried out in 29 diamond drill holes. The results announced herein have been received from the final assays for the first four drill holes totaling approximately 660 meters carried out from the first purpose-built surface drill platform (IF-7). The initial drilling was successful in confirming the high-grade gold and silver mineralization in the ore-shoots outlined by previous drilling on the Manto Antiguo structure. All the drill holes completed to date on Manto Antiguo, totaling approximately 560 meters, have intercepted the structure at the estimated depth with maximum intersection grades of 27.83 g/t Au and 5,564 g/t Ag over 0.30 m from 160.60-160.90 m (ZM-197). Initial drilling was also successful in confirming the high-grade gold and silver mineralization in the ore-shoot outlined by previous drilling on the Santa Catalina structure. All the drill holes completed to date on Santa Catalina, totaling approximately 660 meters, have intercepted the structure at the estimated depth with maximum intersection grades of 28.70 g/t Au and 38 g/t Ag over 0.30 m from 94.30-94.60 m (ZM-195). The following table lists the key sub-intervals from the ongoing Las Brisas in-fill drilling program with grades greater than 4 g/t AuEq cut-off ("Cut-off") associated with main intervals that, in some cases, might not meet the Cut-off:
Year
Target
Hole ID
Structure
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
AuEq (g/t)
2026
Las Brisas
ZM-195
Santa Catalina
93.8
95.0
1.2
7.43
15
7.58
Including
94.3
94.6
0.3
28.70
38
29.18
Manto Antiguo
148.3
149.1
0.8
3.57
98
4.80
Including
148.7
149.1
0.5
5.33
98
6.56
ZM-197
Manto Antiguo
160.3
161.3
1.0
8.36
1,670
29.24
Including
160.6
160.9
0.3
27.83
5,564
97.38
Unknown
167.4
168.2
0.8
2.93
10
3.10
Including
167.9
168.2
0.3
7.81
26
8.10
ZM-199
Santa Catalina
136.0
137.0
1.0
3.08
9
3.20
Including
136.6
137.0
0.4
6.32
24
6.32
Manto Antiguo
161.1
162.1
1.0
1.86
2
1.86
Including
161.4
161.8
0.4
4.61
5
4.61
Notes:
(1)
The intervals are core lengths. The true widths are estimated to be 80% to 90% of the lengths.
(2)
Equivalent gold grades (AuEq g/t) were calculated using prices of US$3,200/oz gold and US$40.00/oz silver. Gold equivalent formula: AuEq = Au + (Ag / (Au Price/Ag Price)).
(3)
"Unknown": new structure that doesn't correlate with any of the known structures/veins.
(4)
Drillhole MT-196 did not have any results above Cut-off for inclusion in the table.
(5)
Drillhole MT-198 was aborted at shallow surface due to excessive deviation.
Please refer also to the attached illustrative images 1 to 4 showing the location of the drill holes reported herein from the 2026 drilling campaign along with a sketch of the main structures for the Las Brisas Target and long sections showing intercept locations for the Manto Antiguo and Santa Catalina veins.
Manto Antiguo and Santa Catalina Structures
The Manto Antiguo structure, which was the main structure mined historically, is interpreted as a WNW-ESE trending brecciated manto structure that merges into the footwall of the Santa Catalina structure. The northerly-trending Santa Catalina structure, which dips steeply to the east near surface and gently at depth, is interpreted as a mineralized master fault structure and feeder of the mineralization for the entire vein system. The Manto Antiguo structure, which is usually narrow, shows a typical breccia texture with incipient quartz-sulphide banding and milled wall rock clasts. The mineralization consists of pyrite, arsenopyrite, sphalerite and galena. Fragments of argillic-altered schist are observed, which host pyrite veinlets.
2026 Drilling Program
The 2026 drill program comprises a planned total of 15,000 meters on several target areas within the Zancudo Project, including Las Brisas, El Castano, Independencia Mine and brownfield. The 2026 drill program has been designed to deliver important data for further resource modelling, mine planning and optimization of production stope design to guide our mine development programs as Denarius Metals ramps up mining activities at Zancudo in 2026 and 2027 to feed the Project's new 1,000 tonnes per day flotation processing plant that is currently under construction and expected to be operating later this year.
Qualified Person
The resource evaluation work was completed by Mr. Scott E. Wilson, CPG, President of Resource Development Associates ("RDA"). Mr. Wilson is an independent consulting geologist specializing in Mineral Reserve and Resource calculation reporting, mining project analysis and due diligence evaluations. Mr. Wilson conducted a personal inspection of the Zancudo Project on June 2-3, 2026. Mr. Wilson has over 36 years of experience in the mining industry and is a Registered Member (#4025107RM) of Society for Mining, Metallurgy and Exploration, Inc. Mr. Wilson and RDA are independent of the Company under NI 43-101.
Mr. Wilson has reviewed, verified and approved the technical information summarized in this news release, including the sampling, preparation, security and analytical procedures underlying such information, and is not aware of any significant risks and uncertainties that could be expected to affect the reliability or confidence in the information discussed herein.
Quality Assurance and Quality Control
All the core samples were prepared and assayed for Au by Actlabs Laboratories Ltd (ISO 9001:2015) at their laboratory in Zona Franca Rionegro, Antioquia, Colombia, by 50 g fire assay with atomic absorption spectrophotometer ("AAS") finish. Subsequently, the pulps were shipped to their laboratory in Ancaster, Ontario, Canada (ISO/IEC 17025) for multi-element analysis by Agua Regia-ICP-OES. Samples above the upper detection limit of 5.0 g/t gold were re-assayed by 30 g fire assay with gravimetric finish, while silver and base metals were analyzed in a multi element analysis by partial digestion and ICP-OES finish. Blank, standard and duplicate samples were routinely inserted and monitored for quality assurance and quality control.
About Denarius Metals
Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".
In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction of a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca Belt, about 30 km southwest of Medellin.
In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.
Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Cautionary Statement on Forward-Looking Information
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including exploration programs, expected exploration results and mineral resource estimates. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Keel Infrastructure Corp. (Nasdaq: KEEL; TSX: KEEL) (“Keel Infrastructure” or “Keel”), a North American digital infrastructure and energy company, today announced the appointment of Ganesh Aiyer as President. Mr. Aiyer will report to CEO Ben Gagnon and lead Keel’s commercial and pipeline expansion activities, positioning the Company for long-term growth.
Ganesh Aiyer, President of Keel Infrastructure
Mr. Aiyer most recently served as Chief Business Officer at Digital Realty Trust, one of the world's largest data center REITs, which owns and operates more than 300 data centers across 25 countries. At Digital Realty, Mr. Aiyer led global commercial strategy and business operations for hyperscale, cloud, enterprise and channel customers. Before that, Mr. Aiyer held senior executive roles at Schneider Electric and Dell Technologies, driving large-scale growth, sales, and go-to-market strategies across the full data center infrastructure stack.
"We are thrilled to welcome Ganesh to the Keel crew at such an exciting time for the Company," said CEO Ben Gagnon. "Ganesh has a strong track record of execution and understands how to build go-to-market strategies around differentiated products, and put in place the systems and teams that make growth repeatable and sustainable. As a proven leader, he will be an invaluable asset as we continue to build on Keel’s current commercial momentum for our U.S. sites and expand our power pipeline.”
“I have spent my career at the intersection of infrastructure and commercial strategy and believe Keel's portfolio is distinctly positioned to meet accelerating demand for HPC and AI infrastructure solutions,” said Ganesh Aiyer, President of Keel. “After helping shape the strategy, growth, and transformation of one of the world's largest digital infrastructure platforms, I have seen firsthand what it takes to build and scale an enduring infrastructure business. I look forward to working with Ben and the team to execute Keel’s strategy and convert our power portfolio into long-term partnerships.”
About Keel Infrastructure
Keel Infrastructure is a North American digital infrastructure and energy company that develops and owns data centers and energy infrastructure for high-performance computing workloads, including AI. With a development pipeline of 2.2 gigawatts and established grid interconnections in place, Keel delivers scalable infrastructure solutions in high-demand power markets across Pennsylvania, Washington and Québec. Keel is headquartered in New York City and trades under the ticker symbol "KEEL" on Nasdaq and TSX. Learn more at www.keelinfra.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable U.S. federal securities laws and Canadian securities laws, including statements regarding Keel’s business strategy, development pipeline, energy infrastructure, customer demand, execution plans, investor outreach and expected future progress. Forward-looking statements are based on current expectations, estimates, assumptions and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, risks related to project development, power availability, grid interconnections, customer demand, financing, construction, regulatory approvals, market conditions and other risks described in Keel’s filings with the U.S. Securities and Exchange Commission and applicable Canadian securities regulators. Keel undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35c425d2-914c-4009-9c75-3ce94686dcf7
HOUSTON and LONDON, July 06, 2026 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE: LYB), a leader in the global chemical industry, will announce its second-quarter 2026 financial results before the U.S. market opens Friday, July 31, followed by a webcast and teleconference to discuss the results at 11 a.m. EDT.
Teleconference and webcast details
Friday, July 31, 2026
11 a.m. EDT
Hosted by David Dennison, head of investor relations
Access the webcast 10 to 15 minutes prior to the start of the call at www.lyb.com/earnings.
Presentation slides
Presentation slides will be available at the time of the teleconference and afterward at www.lyb.com/earnings.
Replay information
A replay of the call will be available from 1 p.m. EDT July 31 until August 31, 2026. The replay dial-in numbers are:
Toll-Free: 877-660-6853
Toll: 201-612-7415
Access ID: 13746218
About LyondellBasell
We are LyondellBasell (NYSE: LYB) – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world's largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
Micron Technology (NASDAQ: MU) is set to pay its next quarterly dividend later this month, with eligible shareholders scheduled to receive $0.15 per share on July 21, 2026.
The dividend remains unchanged from the company’s previous quarterly distribution, reflecting a consistent payout policy despite Micron’s strong share price performance over the past year.
Based on its annualized dividend of $0.60 per share, the stock offers a dividend yield of approximately 0.06% based on its last closing price of $975.56.
Investors holding 100 Micron shares will receive $15 before applicable taxes from the upcoming payment.
MU stock dividend payment schedule. Source: Dividend.com Assuming the company maintains its current quarterly dividend of $0.15 per share, shareholders with 100 shares would earn $60 in annual dividend income before taxes.
To qualify for the July payment, investors had to own Micron shares before the July 6, 2026, ex-dividend date. Shares purchased on or after the ex-dividend date are not eligible for this dividend.
While Micron’s dividend yield remains relatively modest, the company’s investment case continues to be driven primarily by capital appreciation rather than income.
Micron’s impressive 2026 run The semiconductor giant has been one of the best-performing large-cap stocks over the past year as demand for artificial intelligence memory chips continues to accelerate.
Shares have surged more than 700% over the past 12 months and approximately 242% year-to-date, pushing Micron’s market capitalization above $1.1 trillion despite a recent pullback.
MU one-year stock price chart. Source: Finbold The company recently reported record fiscal third-quarter results, with revenue climbing to $41.46 billion, driven by booming demand for high-bandwidth memory (HBM) used in AI accelerators.
Micron also issued strong guidance for the current quarter, forecasting revenue of around $50 billion at the midpoint.
Demand for AI memory remains the company’s key growth driver, with Micron reporting that its HBM production capacity is fully booked through 2026 under long-term supply agreements.
At the same time, Wall Street remains overwhelmingly bullish on Micron’s long-term prospects as AI infrastructure spending continues to expand.
Although the dividend provides a modest stream of recurring income, Micron remains a growth-oriented technology stock, with most investor returns expected to come from earnings growth and potential share price appreciation rather than dividend income.
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SummaryMicron Technology is a 'Strong Buy' under $1,000, driven by robust AI data center demand and a three-company oligopoly memory market (along with Samsung and SK Hynix).MU's Q3FY26 saw revenue up 346% YoY, a record 85% gross margin, and $18.3 billion adjusted free cash flow, with similar strength guided for Q4.Strategic multi-year customer agreements guarantee ~$100 billion in revenue (backed by ~$22 billion in customer deposits), enhancing financial visibility and justifying a higher valuation multiple.Valuation remains compelling at a forward P/E of only 13.3x, with a potential 10:1 stock split and durable AI-driven memory demand into 2029-2030.Micron Technology's Silicon Valley Office
JHVEPhoto/iStock Editorial via Getty Images
Last Thursday I bought a starter position in shares of Micron Technology (MU) at $970 and change. I did so for a number of reasons, starting with the fact that shares were
23.37K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AVGO, GOOG, NVDA, SMH, MU, XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Micron Technology shares are up 242% this year coming into Monday's session. (Courtesy Micron)
Micron Technology and its memory-chip peers have suffered a small dent in the past week, after racking up huge gains in recent months. That’s a chance to get in on the memory surge, according to UBS analyst Nicolas Gaudois.
SummaryOn Wednesday, June 24, Micron Technology reported what could only be described as a blowout fiscal Q3 ’26, as revenue, operating income and EPS materially exceeded Street consensus.Capex is especially crucial to Micron as it is to all capital-intensive industries. The company guided fiscal Q4 ’26 capex to $10 billion, versus the $7.8 billion in Q3 ’26, which would put full-year capex close to $30 billion.Management guided to free cash flow in Q4 ’26 to “increase substantially again”. Sundry Photography/iStock Editorial via Getty Images
On Wednesday, June 24th, after the market closed, Micron Technology (MU) reported what could only be described as a blowout fiscal Q3 ’26, as revenue, operating income and EPS materially exceeded Street consensus.
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Zillow Group, Inc. (NASDAQ:Z, ZG) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from potential violations of the federal securities laws.
Lead Plaintiff Deadline: August 10, 2026Alleged Misconduct: Securities fraud relating to Zillow’s allegedly anticompetitive agreement with Redfin CorporationLargest Alleged Stock Drop: February 11, 2026 – 16.54% Stock Drop on Class C shares; 17.13% Stock Drop on Class A shares.Court: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rights Investors have until August 10, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zillow Class C and Class A common stock. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Breidert v. Zillow Group, Inc., et al., No. 26-cv-02016.
Why is Zillow Being Sued for Securities Fraud?
On February 6, 2025, Zillow entered into an agreement with Redfin through which Zillow became the exclusive provider of multifamily rental listings on Redfin’s platform and affiliate websites, including Rent.com. According to the complaint, during the relevant period, Zillow characterized the agreement with Redfin as a “partnership” that would provide Zillow exclusive access to Redfin’s advertising platform.
As alleged, in truth, under the terms of the agreement, Zillow paid Redfin $100 million to stop competing with Zillow, facilitate the transition of its multifamily rental advertising business to Zillow, and close the remainder of its business.
Why did Zillow’s Stock Drop?
On September 30, 2025, the FTC filed a complaint against Zillow and Redfin alleging violations of the federal antitrust laws. According to the FTC complaint, “Zillow and Redfin executed an unlawful agreement to remove competition from [the online rental marketplaces industry], starting with a $100 million payment to Redfin to exit the [Internet Listing Services] market.” In sum, the FTC alleged, “[t]his agreement is nothing more than an end run around competition on the merits with Redfin for customers…” This news caused the price of Zillow’s Class C and A common stock to decline 4.33% and 4.5%, respectively.
On February 10, 2026, Zillow’s CFO told investors that Zillow experienced increased legal expenses which “will result in approximately 200 basis points headwind to EBITDA margins in Q1.” On this news, the price of Zillow’s Class C and A common stock declined 16.54%, and 17.13%, respectively.
Finally, on May 7, 2026, Reuters reported that a “federal judge rejected [Zillow and Redfin’s] request to end a [FTC] lawsuit accusing them of illegally agreeing to suppress competition for online apartment rental listings.” This news caused the price of Zillow’s Class C and A common stock to decline 1.9% and 1.76%, respectively.
Click here for more information: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.
What Can You Do?
If you invested in Zillow, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
MercadoLibre (MELI +1.27%) Stock fell 16% in the first half of 2026, according to data provided by S&P Global Market Intelligence. It reported declining profits for two consecutive quarters.
The dominant tech company in Latin America MercadoLibre enjoys a leading position in e-commerce and fintech in 18 Latin American countries. It consistently demonstrates high growth as it generates a shift to online shopping, and since its markets lag behind other global regions, it still has a vast opportunity. For example, e-commerce penetration in the U.S. is 27%, while it's only 14% in Latin America.
Image source: Getty Images.
The company is reporting incredible growth across segments and metrics. Total revenue increased 49% year over year in the 2026 first quarter, driven by both e-commerce and fintech. In e-commerce, gross merchandise volume (GMV) was up 42% over last year, with a 26% increase in unique active buyers. Items sold were up 47%, and items sold per unique buyer were up 16%. That's particularly impressive considering the number of new customers.
There was major growth in Brazil, its largest market, since it lowered its free shipping threshold in the country from $R79 to $R19.
Fintech is a similar story. Total payment volume was up 50% year over year, with a 29% increase in monthly active users to 83 million. The credit portfolio was up 87%, and assets under management were up 77%.
Laying the groundwork for the future Despite the fantastic performance, MercadoLibre stock has plunged because profits are declining. In the first quarter, operating income fell 20% from last year, and operating margin dropped from 12.9% last year to 6.9% this year.
Today's Change
(
1.27
%) $
22.12
Current Price
$
1764.31
Management says it's focusing on the future. It sees a massive long-term opportunity, and it has the potential to gain the most with its first-mover's edge. "When your business is behaving like this, we believe the right response is not to harvest -- it is to invest," it said.
In Mexico, for example, more than half of the population relies on informal credit sources, while 85% pays for purchases under $30 with cash. In Argentina, while 80% of the population has a bank account, its use of credit is far below that of Brazil. Management sees the region as ripe for continued disruption, and the company has high customer satisfaction, which it takes as a mandate to improve the industry.
At the current price, MercadoLibre stock trades at 47 times trailing 12-month earnings, an attractive entry point for new investors.
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Concrete Pumping Holdings ((BBCP - Free Report) ): This company, which provides concrete pumping services and concrete waste management services primarily in U.S. and U.K, has seen the Zacks Consensus Estimate for its current year earnings increasing 41.7% over the last 60 days.
Kubota (KUBTY - Free Report) : This company, which is the world's largest maker of small tractors and Japan's 2nd largest manufacturer of farm equipment, has seen the Zacks Consensus Estimate for its current year earnings increasing 15.1% over the last 60 day.
Archer Daniels Midland (ADM - Free Report) : This company, which is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.6% over the last 60 days.
Collegium Pharmaceutical (COLL - Free Report) : This specialty pharmaceutical company, which develops and commercializes prescription and over-the-counter pharmaceuticals for the treatment of central nervous system, respiratory and skin related disorders, has seen the Zacks Consensus Estimate for its current year earnings increasing 6.5% over the last 60 days.
Wayfair (W - Free Report) : This company, which is one of the world's leading online sellers of home goods products, consisting of furniture and home decor, has seen the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Booking.com's chief business officer said he uses AI to analyze how rivals are tackling strategic problems. James Waters, who oversees areas like product, said AI helps with research that would otherwise take days.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, and positioning, navigation, and timing (PNT) satellite services, announced today that it has completed its acquisition of Aireon LLC, operator of the world's only space-based Automatic Dependent Surveillance-Broadcast (ADS-B) air traffic surveillance system.
Iridium has completed its acquisition of Aireon, a key step in its strategy to lead the future of aviation safety. "Iridium and Aireon are fully aligned in our mission to advance the future of aviation safety. What began as a bold vision more than a decade ago has become a foundational capability for global air traffic management, delivering real-time surveillance and operational intelligence on a truly global scale," said Iridium CEO, Matt Desch. "Together, we will continue investing in the technologies and innovations that we believe will make aviation safer, more efficient, and more resilient for decades to come."
The completion of the acquisition expands Iridium's role in the aviation ecosystem by combining Aireon's space-based air traffic surveillance and aviation intelligence services with Iridium's global satellite communications network and resilient PNT capabilities. Together, these assets create a comprehensive platform for delivering real-time visibility, trusted connectivity and actionable operational data to aviation stakeholders worldwide. As airspace grows more complex and increasingly dependent on resilient infrastructure, Iridium is positioned to provide the critical services that help improve safety, efficiency and operational decision-making on a global scale.
As part of Iridium, Aireon will continue operating as a wholly owned subsidiary focused on delivering industry-leading air traffic surveillance and aviation data services. Don Thoma will continue to serve as Aireon's Chief Executive Officer and will report to Iridium's Chief Executive Officer Matt Desch, ensuring both leadership continuity and close alignment with Iridium's broader strategy.
For more information about Iridium, visit: www.iridium.com
For more information about Aireon, visit: www.aireon.com
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The Company has based these statements on its current expectations and the information currently available to it. Forward-looking statements in this press release include statements regarding the Company's strategy to provide the foundational architecture for global aviation safety, bringing space-based surveillance, safety communications, PNT, and operational data together on a single network; continued investment in the technologies and innovations that the Company believes will make aviation safer, more efficient, and more resilient for decades to come; the future operations and management of Aireon; expected impacts of the acquisition of Aireon on the Company, and the timing thereof. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to realize the anticipated benefits of the Aireon acquisition, including expected synergies, on the expected timeline or at all, the risks that the integration of Aireon's business may be more difficult, time-consuming, or costly than expected, the Company's ability to maintain the health, capacity and content of its satellite constellation, as well as general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the Company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update forward-looking statements, except as required by law.
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against ZoomInfo Technologies Inc. (NASDAQ:GTM) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in ZoomInfo, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.
Key Details of the ZoomInfo ($GTM) Class Action:
Lead Plaintiff Deadline: August 24, 2026Alleged Misconduct: Securities fraud alleging that ZoomInfo misled investors regarding the impact of ZoomInfo’s AI-integrated products on customer retentionStock Drop: May 12, 2026 2026 – 33% Stock DropCourt: U.S. District Court for the Western District of WashingtonAction: Contact BFA Law to discuss your rights Investors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in ZoomInfo securities. The class action is pending in the U.S. District Court for the Western District of Washington. It is captioned Tejeda v. ZoomInfo Technologies et al., No. 26-cv-05696.
Why is ZoomInfo Being Sued for Securities Fraud?
ZoomInfo has been sued for securities fraud following a significant stock drop resulting from potential violations of the federal securities laws. The decline in ZoomInfo’s stock price caused significant losses to investors.
ZoomInfo provides go-to-market (“GTM”) intelligence and a customer engagement platform for sales, marketing, operations, and recruiting professionals.
Throughout the relevant period, ZoomInfo allegedly stated that “the demand for AI for GTM is evident up and down our customer stack.” According to ZoomInfo, its “innovative go-to-market AI” was “driving stronger daily engagement from a diverse set of go-to-market personas.”
On February 9, 2026, ZoomInfo issued its 2026 revenue guidance “in the range of $1.247 billion to $1.267 billion,” because “in 2026, our focus is on bringing” ZoomInfo’s “all-in-one AI platform for go-to-market teams . . . to our customers at scale.”
In truth, as alleged, ZoomInfo’s customer retention declined as customers were rejecting ZoomInfo’s AI products.
Why did ZoomInfo’s Stock Drop?
On May 11, 2026, ZoomInfo announced its Q1 2026 results and slashed its 2026 revenue guidance from $1.247-$1.267 billion to $1.185-$1.205 billion. ZoomInfo revealed that its customer growth “regressed” due to “AI and agentic confusion” leading to “a pause in [customers’] purchasing decisions[.]”
This news caused the price of ZoomInfo stock to decline $1.98 per share, or 32.78%, from a closing price of $6.04 per share on May 11, 2026, to $4.06 per share on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/zoominfo-class-action-lawsuit.
What Can You Do?
If you invested in ZoomInfo, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
July 06, 2026 07:01 ET | Source: Prospect Capital Corporation
NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) and an affiliate have provided a first lien senior secured term loan and an equity-linked investment in ShipOffers (“ShipOffers” or the “Company”), in collaboration with the company’s founders and leadership team.
Founded in 2001 with a 25-year history, ShipOffers is a leading provider of on-demand product and order fulfillment services, offering sourcing, order processing, warehousing, pick-pack-and-ship, real-time tracking, and platform integrations for e-commerce and direct-to-consumer brands. ShipOffers operates fulfillment facilities in Colorado and Tennessee, as well as a facility in the Netherlands, enabling clients to scale distribution across the United States and Europe. The Company serves customers across the health and beauty, nutraceutical, and consumer products industries, and is led by co-founders Tony Grebmeier, Chief Executive Officer, and Doug Roberts, Chief Financial Officer.
“Prospect is pleased to provide strategic growth capital that supports continued evolution by the ShipOffers team in people, technology, and facilities,” said Angel Solis, Managing Director at Prospect. “ShipOffers has built a differentiated fulfillment platform over more than two decades, and we look forward to supporting the Company’s next phase of growth.”
The ShipOffers team was impressed with how quickly and thoughtfully Prospect worked to understand our business,” said Tony Grebmeier, Co-Founder and CEO of ShipOffers. “This investment allows our team to keep driving growth in the business we launched 25 years ago in 2001, while providing us the capital to expand our footprint and continue delivering for our clients.”
About Prospect Capital Corporation
Prospect is a business development company that primarily lends to and invests in middle market privately-held companies. Prospect’s investment objective is to generate both current income and long-term capital appreciation.
Prospect has elected to be treated as a business development company under the Investment Company Act of 1940. Prospect has elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.
About ShipOffers
Founded in 2001, ShipOffers is a globally recognized logistics and fulfillment company serving businesses across a range of industries. With facilities in Colorado, Tennessee, and the Netherlands, ShipOffers provides sourcing, order fulfillment, shipping, and strategic guidance, backed by a team of more than 150 professionals worldwide. For more information, visit www.shipoffers.com.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.
For additional information, contact:
Grier Eliasek, President and Chief Operating Officer [email protected]
Telephone (212) 448-0702
This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.
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Lead, South Dakota--(Newsfile Corp. - July 6, 2026) - Dakota Gold Corp. (NYSE American: DC) ("Dakota Gold" or the "Company") is pleased to report additional assay results from its 2026 Drill Campaign at the Richmond Hill Oxide Heap Leach Gold Project ("Richmond Hill" or the "Project"). The 2026 Drill Campaign is now complete, and totalled 17,273 meters of infill, expansion, and geotechnical drilling across 112 holes. Results from the 2025 and 2026 drill campaigns at Richmond Hill are being incorporated into a Pre-Feasibility Study ("PFS") in the fourth quarter of 2026. This data will support an updated mineral resource estimate, refine the geo-metallurgical model, and deliver a single optimized mine plan with sequencing.
Highlights from this update include:
Expansion drill hole RH26C-432 intersected 11.36 grams per tonne gold (g/t Au) and 14.92 g/t silver (g/t Ag) over 26.3 meters (298 gram-meters Au), including 77.19 g/t Au and 63.12 g/t Ag over 3.2 meters (247 gram-meters Au) and RH26C-437 intersected 2.89 g/t Au and 8.18 g/t Ag over 38.0 meters (110 gram-meters Au) including 14.20 g/t Au and 12.90 g/t Ag over 1.5 meters (21 gram-meters Au). These results are another example of higher grades within the Deadwood Formation in the Northern Expansion area of Richmond Hill, where these trends have continued north from Chism Gulch, with highest grades continuous along structures.
Expansion drilling in the northeast Project area remains open in all directions and continues to return grades exceeding the 0.566 g/t Au average grade in the July 2025 Initial Assessment with Cash Flow ("IACF") measured and indicated mine plan. High-grade gold intercepts in RH26C-432 and RH26C-437 are located approximately 365 meters (1,170 feet) and 361 meters (1,185 feet), respectively, north of the current measured and indicated resource boundary ("M&I boundary") and represent meaningful step-outs. The 2025-2026 northeast expansion drill programs covered an area of 580 meters (1,903 feet) north - south and 730 meters (2,395 feet) east - west beyond the current M&I boundary.
The Company has advanced the Richmond Hill PFS sufficiently to identify critical long lead time items. The longest lead time item is an electrical substation, which the Company has successfully obtained a build slot through Black Hills Energy (NYSE: BKH), a South Dakota based company that provides electrical and natural gas power to customers across north central United States. The Company expects to secure further long lead time items ordered in 2027 and 2028 as the Company leverages the over $100 million dollars in treasury to maintain its construction schedule and reduce production startup risks.
Jack Henris, President and COO of Dakota Gold, said, "We are encouraged by the results of the northeast expansion drilling, which continues to identify higher-grade zones that complement the large heap-leachable resource at Richmond Hill outlined in the IACF. With the 2026 Drill Campaign complete, our focus is on integrating these new results into the resource model and advancing comprehensive metallurgical work and trade-off studies in support of our Pre-Feasibility Study. We commend our team and contractors for safely delivering the drill campaign on time and on budget. Supported by our $107 million cash position as of March 31, 2026, we are also pleased to announce we have secured the electrical substation build slot and are advancing engineering, site layout, and operational readiness along the project's critical path. This reflects the depth of our team's experience and reinforces our commitment to advancing Richmond Hill as the next gold mine in the Homestake District."
Figure 1. Plan Map showing location of Dakota Gold Corp. Richmond Hill drill results reported today in Table 1.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/303879_2b576e4e040b8bb8_002full.jpg
Figure 2. Plan Map showing northeast location of Dakota Gold Corp. Richmond Hill drill results beyond the current measured and indicated resource boundary.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/303879_2b576e4e040b8bb8_003full.jpg
Figure 3. 1,050-East-West field of view section map of Richmond Hill looking East.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8218/303879_2b576e4e040b8bb8_004full.jpg
Table 1. Richmond Hill drill results (Metric / Imperial)1,2,3,4
Hole #From (m)To
(m)Interval
(m)Grade Au (g/t)g x m
AuGrade Ag (g/t)g x m AgFrom
(ft)To
(ft)Interval (ft)Grade Au (oz/ton)RH26C-43274.7101.026.311.3629814.92392245.1331.386.20.331inc.79.182.33.277.1924763.12202259.5270.010.52.251RH26C-43414.119.14.91.1561.59846.462.516.10.034
69.473.23.81.90713.8953227.7240.312.60.056
78.689.010.40.7585.3956258.0292.134.10.022RH26C-435No significant interceptsRH26C-43615.119.03.90.7732.35949.562.212.70.022
119.7127.57.81.351019.33150392.7418.225.50.039RH26C-437144.9182.938.02.891108.18311475.5600.2124.70.084inc.164.5166.01.514.202112.9019539.7544.64.90.414RH26C-44096.3100.94.51.1053.8117316.0330.914.90.032
115.9128.212.31.151415.02185380.1420.640.50.033RH26C-441130.2135.14.90.5134.0220427.1443.316.20.015RH26C-44285.198.113.00.851125.99338279.2321.942.70.025
116.3143.627.20.77216.56179381.6471.089.40.023RH26C-443153.8157.03.21.6453.2410504.6515.210.60.048RH26C-4454.914.910.01.541561.2161416.149.032.90.045RH26C-4468.321.313.00.911253.9970427.270.042.80.026
30.833.93.00.94316.6751101.2111.210.00.027RH26C-4475.825.619.81.032025.4750519.084.065.00.030
50.659.38.71.66149.7084166.0194.428.40.049
68.973.24.34.882128.52122226.0240.014.00.142RH26C-44811.433.321.90.611355.85122637.3109.372.00.018RH26C-44966.776.29.51.461422.97218218.8250.031.20.042RH26C-45138.660.421.81.06235.86128126.5198.071.50.031RH26C-45279.295.516.31.632712.03196259.8313.253.40.048RH26C-45383.789.55.80.51320.43119274.6293.719.10.015The table may contain rounding errors.Abbreviations in the table include ounces per ton ("oz/ton"); grams per tonne ("g/t"); feet ("ft"); meter ("m"); gram meters ("g x m").True thickness unknown.Intervals calculated based on 0.5 g/t Au cut-off and maximum dilution of 3.05 meters.The July 7, 2025 Initial Assessment with Cash Flow has an open pit designed with 12.2m (40 ft) benches. The average grade for the Measured and Indicated mine plan is 0.566 g/t Au (0.017 oz/ton). A gram-meter of 7 and above has been highlighted in Table 1 based on the bench height and average grade. About Dakota Gold Corp.
Dakota Gold is expanding the legacy of the 145-year-old Homestake Gold Mining District by advancing the Richmond Hill Oxide Heap Leach Gold Project to commercial production as soon as 2029, and outlining a Tertiary maiden resource as well as a high-grade underground gold resource at the Maitland Gold Project, both located on private land in South Dakota.
Subscribe to Dakota Gold's e-mail list at www.dakotagoldcorp.com to receive the latest news and other Company updates.
Shareholder and Investor Inquiries
Qualified Person and S-K 1300 Disclosure
William Gehlen, a Certified Professional Geologist (CPG-10626) with the AIPG, American Institute of Professional Geologists, a Senior Fellow with the SEG, and Senior Manager - Geology of Dakota Gold Corp., is the Company's designated qualified person (as defined in Subpart 1300 of Regulation S-K) for this news release and has reviewed and approved its scientific and technical content.
Quality Assurance/Quality Control consists of regular insertion of certified reference materials, duplicate samples, and blanks into the sample stream. Samples are submitted to the ALS Geochemistry sample preparation facility in Winnipeg, Manitoba. Gold and multi-element analyses are performed at the ALS Geochemistry laboratory in Vancouver, British Columbia. ALS Minerals is an ISO/IEC 17025:2017 accredited lab. Check samples are submitted to Bureau Veritas, Vancouver B.C. as an umpire laboratory. Assay results are reviewed, and discrepancies are investigated prior to incorporation into the Company database.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this communication, the words "plan," "target," "anticipate," "believe," "estimate," "intend," "potential," "will" and "expect" and similar expressions are intended to identify such forward-looking statements. Any express or implied statements contained in this communication that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation: our expectations regarding additional drilling, metallurgy and modeling; our expectations for the improvement and growth of the mineral resources and potential for conversion of mineral resources into reserves; completion of a pre-feasibility study, a feasibility study, and/or permitting; and our overall expectation for the possibility of near-term production at the Richmond Hill project. These forward-looking statements are based on assumptions and expectations that may not be realized and are inherently subject to numerous risks and uncertainties, which could cause actual results to differ materially from these statements. These risks and uncertainties include, among others: the execution and timing of our planned exploration activities; our use and evaluation of historic data; our ability to achieve our strategic goals; the state of the economy and financial markets generally and the effect on our industry; and the market for our common stock. The foregoing list is not exhaustive. For additional information regarding factors that may cause actual results to differ materially from those indicated in our forward-looking statements, we refer you to the risk factors included in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as updated by annual, quarterly and current reports that we file with the SEC, which are available at www.sec.gov. We caution investors not to place undue reliance on the forward-looking statements contained in this communication. These statements speak only as of the date of this communication, and we undertake no obligation to update or revise these statements, whether as a result of new information, future events or otherwise, except as may be required by law. We do not give any assurance that we will achieve our expectations.
All references to "$" in this communication are to U.S. dollars unless otherwise stated.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303879
Source: Dakota Gold Corp.
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Německý výrobce sportovních vozů Porsche se chystá zrušit další více než 4000 pracovních míst. S odkazem na zdroje deníku Handelsblatt o tom informuje agentura DPA. Podle listu by konečné číslo mohlo být ještě výrazně vyšší. Porsche nyní celosvětově zaměstnává přes 40 000 lidí.
Podle zprávy opatření postihnou především zaměstnance na manažerských a administrativních pozicích. Ve vývojovém centru ve Weissachu se údajně přehodnocuje využití přibližně 30 procent tamních kapacit.
Mluvčí Porsche odmítl potvrdit konkrétní počet dotčených pracovních míst. Zmínil jen, že firma aktuálně připravuje další "balíček pro budoucnost", který má zefektivnit její chod. Představit by ho chtěla do konce července.
Další snižování počtu pracovních míst nad rámec původního balíčku oznámil již v březnu generální ředitel Porsche Michael Leiters. V oblasti Stuttgartu má být do roku 2029 zrušeno přibližně 1900 pracovních míst. Kromě toho vypršely smlouvy zhruba 2000 dočasných zaměstnanců. V květnu společnost Porsche rovněž oznámila uzavření tří dceřiných firem, což se dotklo dalších 500 zaměstnanců.
Německé automobilky se potýkají s nárůstem čínské konkurence a také s americkými cly. Mercedes chce zpět 40hodinový pracovní týden. Masivní propouštění chystá i automobilový koncern Volkswagen. Podle médií hodlá v příštích letech celosvětově zrušit až 100 000 pracovních míst, což je asi 15 procent současného stavu.
The memory giant SanDisk (NASDAQ: SNDK) has been on a relentless rally since getting spun off from Western Digital (NASDAQ: WDC) in early 2025 and is among the top-performing stocks in the last 12 months.
Specifically, SNDK shares were changing hands at $45.22 on Monday, July 7, 2025, and, at press time in the pre-market of July 6, 2026, they are trading at $1,810.88 for a total 3,904.6% rise.
Given the 12-month upsurge, a $1,000 investment made last summer would have resulted in a $39,046 profit and a position worth as much as $40,046.
SanDisk stock price one-year chart. Source: Google For comparison, a purchase of the same size made in a fund tracking the S&P 500 benchmark index would have grown to $1,201, and an equal-value purchase of Nvidia (NASDAQ: NVDA) stock – one of the best-performing major equities of the decade – would have risen to $1234.20.
Why SanDisk stock has rallied massively Meanwhile, SanDisk shares owe their rally to a shift in focus in the ongoing artificial intelligence (AI) boom. Specifically, after the market dominance of the semiconductor industry waned, investor focus shifted to another critical hardware segment for data centers – memory.
Thus, the move enabled multiple RAM and storage firms to enjoy remarkable rallies, and, along with SNDK, Western Digital soared 765.16% in the last year, and Micron (NASDAQ: MU) rocketed 736.96%.
SanDisk stock drops 25% from June highs Still, the dependence on the AI boom has also presented a risk to SanDisk stock by early July 2026 as changes in pricing led to a debate on the balance between costs and benefits of the technology, and Meta Platforms’ (NASDAQ: META) reported decision to rent out capacity altered the balance between supply and demand.
The shift led to SNDK shares losing approximately 25% of their value relative to their June highs of over $2335, though the firm remains up more than 6% in the monthly chart.
Featured image via Shutterstock
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MIAMI, July 06, 2026 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (Nasdaq: WRAP) (“Wrap” or, the “Company”), a global public safety technology company, today announced that the ATF has issued Ruling 2026-2, formally determining that the BolaWrap® 150 is not a "firearm" under the Gun Control Act (18 U.S.C. § 921(a)(3)) and not an "any other weapon" under the National Firearms Act (NFA).
Centene offers a defensive shelter as the AI infrastructure market faces skepticism and volatility. ACA insurance exchanges suffered adverse selection as healthy individuals exited, leaving a sicker, costlier pool. Regulatory shifts and flawed industry algorithms led to unexpected losses for insurers unable to adjust patient mix.
Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - July 6, 2026) - Southern Cross Gold Consolidated Ltd (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") announces results from six drill holes targeting the upper portion of the Golden Dyke prospect at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria (Figures 1 to 5). All holes were drilled within the highest-density drilled zone of the project, directly above the planned exploration decline base.
Results confirm that antimony-rich areas in the upper parts of The Sunday Creek epizonal system, consistent with the well-established geological zonation of epizonal gold-antimony deposits worldwide. Best results included 7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m in drill hole SDDSC233. The true thickness of the mineralized intervals is interpreted to be approximately 75% to 85% of the sampled thickness for all reported holes.
Four High Level Takeaways:
Continued High-Grade Growth in Upper Golden Dyke: Best result 7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m in SDDSC233, including 3.7 m @ 37.5 g/t AuEq (3.5 g/t Au, 14.2% Sb) from 367.3 m, with three individual assays exceeding 50 g/t Au and seven individual Sb assays exceeding 20% Sb across the six holes reported.
System Continues to Grow: Four new vein sets identified across three holes, with SDDSC224 extending the GD35 vein set 170 m up-dip from SDDSC208, and SDDSC228 intersecting eight vein sets including two previously unrecognised structures outside the current model.
Infill Drilling Confirms a Predictable System: All drillholes in this release were drilled as infill holes between existing intercepts and delivered multiple high-grade zones exactly where expected. This consistency gives confidence that Golden Dyke's grade and continuity will support future mining studies.
Epizonal Geology Delivers Antimony Where It Matters Most: In epizonal gold-antimony systems, antimony concentrates in the upper, shallower portions of the system, transitioning to gold-dominant mineralization at depth. Upper Golden Dyke is the highest-density drilled area of the project and sits directly below the base of the planned exploration decline, meaning the Company is targeting a zone of peak antimony endowment with the greatest drill confidence on the project. Individual antimony assays in this release reach up to 47.0% Sb & 20.1 g/t Au over 0.13 m (SDDSC233) and 46.6% Sb & 1.3 g/t Au over 0.13 m (SDDSC228), with 108 composite intersections exceeding 10% Sb across the project, demonstrating a critical mineral endowment directly relevant to Western defence and semiconductor supply chains.
Michael Hudson, President & CEO states: "What these results tell us is the antimony story at Sunday Creek is strong and is strategically significant, alongside the gold story. In epizonal systems like ours, antimony concentrates in the upper parts of the mineralized system, and by definition near to surface, and that is exactly what we are seeing in the highest-density drilled zone of the project, directly below the current planned base of our exploration decline.
"We have drilled this part of Golden Dyke more than anywhere else on the project, and every time we put a hole in, the antimony numbers confirm what the geology predicts. Individual assays up to 47% Sb are not an anomaly, they are a feature of this system. SDDSC233 returned our best result from this release at 7.9 m @ 19.9 g/t AuEq, with antimony grades up to 47% Sb in the same hole. The critical mineral potential of this project is real, it is shallow, and it sits directly in the path of our decline. Sunday Creek is shaping up as a project where the antimony alone would attract serious attention, quite apart from the gold which forms 80% of the in situ recoverable value. With eleven rigs turning and 69 holes pending, there is a great deal more to come."
For Those Who Like the Details - Highlights:
SDDSC233 - intersected five vein sets including one new vein set, with five individual Sb assays exceeding 20% Sb and one exceeding 50 g/t Au.
1.1 m @ 10.9 g/t AuEq (7.9 g/t Au, 1.3% Sb) from 248.6 m (GD100 and HG core), including:
0.15 m @ 78.3 g/t AuEq (55.8 g/t Au, 9.4% Sb)
7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m (GD60 vein set), including:
3.7 m @ 37.5 g/t AuEq (3.5 g/t Au, 14.2% Sb) from 367.3 m
Individual assays included 55.8 g/t Au & 9.4% Sb, 47.0% Sb & 20.1 g/t Au, 43.5 g/t Au & 0.7% Sb, 40.6 g/t Au & 2.0% Sb.
SDDSC228 - intersected eight vein sets, two previously unrecognised, with two individual Sb assays exceeding 20% Sb and one exceeding 50 g/t Au.
0.4 m @ 86.2 g/t AuEq (2.7 g/t Au, 34.9% Sb) from 246.8 m (GD110 vein set)
8.3 m @ 11.4 g/t AuEq (5.2 g/t Au, 2.6% Sb) from 361.8 m (GD70 vein set), including:
3.0 m @ 28.7 g/t AuEq (12.2 g/t Au, 6.9% Sb) from 364.7 m
Individual assays included 127.0 g/t Au & 5.5% Sb, 48.6 g/t Au & 1.6% Sb, 46.6% Sb & 1.3 g/t Au, 28.6% Sb & 3.5 g/t Au.
For Those Who Like the Details – Highlights - Continued:
SDDSC224 - intersected three vein sets plus one high-grade core, extending GD35 170 m up-dip from SDDSC208, with one individual Au assay exceeding 50 g/t.
7.0 m @ 8.1 g/t AuEq (5.7 g/t Au, 1.0% Sb) from 381.0 m (GD45 vein set and HG core), including:
1.7 m @ 25.2 g/t AuEq (20.0 g/t Au, 2.2% Sb) from 385.3 m
4.2 m @ 1.4 g/t AuEq (0.8 g/t Au, 0.2% Sb) from 407.8 m (GD35 vein set, 170 m up-dip extension)
Individual assays included 59.6 g/t Au & 0.1% Sb.
SDDSC219 - intersected three known vein sets and intersected one new vein set at 15 m to 30 m up- and down-dip spacing, confirming structural and grade continuity.
4.8 m @ 1.9 g/t AuEq (1.6 g/t Au, 0.1% Sb) from 316.2 m (new vein set)
2.7 m @ 6.1 g/t AuEq (0.6 g/t Au, 2.3% Sb) from 368.0 m (GD80 vein set), including:
Project Totals to Date
268 drill holes for 129.6 km reported from Sunday Creek since late 2020
88 composite intersections exceeding 100 g/t Au by applying a 1 m (down hole length) @ 5 g/t AuEq lower cut
108 composite intersections exceeding 10% Sb by applying a 1 m (down hole length) @ 5 g/t AuEq lower cut
69 holes pending results currently being processed and analysed, including eleven holes actively being drilled and three abandoned holes, with eleven drill rigs currently operational on the project
200,000 m drill program continuing through to Q1 2027
Drill Hole Discussion
Six drill holes are reported here targeting the top 300 vertical metres of the Golden Dyke prospect, drilled in an east-to-west orientation to optimize high intersection angles across the steeply dipping vein architecture. These holes were designed to infill known mineralization to the highest level on the project to date, as well as expand on exploration opportunities in the shallow areas of Golden Dyke.
Three (3) individual assays exceeding 50 g/t gold and seven (7) individual Sb assays greater than 20% antimony were intersected amongst the six holes reported showing the continued high-grade growth in upper Golden Dyke as the exploration continues to infill and expand the known boundaries of the mineralization.
SDDSC216 & SDDSC216A
SDDSC216 was abandoned due to extensive deviation at start of hole, a second hole SDDSC216A was drilled completing a northern bounding hole on the upper Golden Dyke area with no significant intersections reported confirming the geological model in this area.
SDDSC219
SDDSC219 intersected three known vein sets and one new vein set in Golden Dyke at a 15 m to 30 m up- and downdip spacing, confirming both structural and grade continuity.
Selected composite highlights include:
4.8 m @ 1.9 g/t AuEq (1.6 g/t Au, 0.1% Sb) from 316.2 m (New vein set)2.4 m @ 4.1 g/t AuEq (1.2 g/t Au, 1.2% Sb) from 324.2 m (GD90 vein set)2.7 m @ 6.1 g/t AuEq (0.6 g/t Au, 2.3% Sb) from 368.0 m (GD80 vein set)Including 1.6 m @ 8.9 g/t AuEq (0.6 g/t Au, 3.5% Sb) from 368.5 mSDDSC224
SDDSC224 infilled three vein sets and identified one new high-grade core that returned an individual assay exceeding 50 g/t Au:
59.6 g/t Au & 0.10% Sb over 0.54 m from 386.45 mThe hole successfully extended GD35 vein set returning 4.2 m @ 1.4 g/t AuEq (0.8 g/t Au, 0.2% Sb) from 407.8 m a 170 m up dip extension of SDDSC208 (1.9 m @ 37.2 g/t AuEq (35.9 g/t Au, 0.5% Sb) from 565.7 m. Released February 18th, 2026).
Selected composite highlights include:
3.2 m @ 2.8 g/t AuEq (1.5 g/t Au, 0.5% Sb) from 207.3 m (GD110 vein set)7.0 m @ 8.1 g/t AuEq (5.7 g/t Au, 1.0% Sb) from 381.0 m (GD45 vein set and HG core)Including 1.7 m @ 25.2 g/t AuEq (20.0 g/t Au, 2.2% Sb) from 385.3 m4.2 m @ 1.4 g/t AuEq (0.8 g/t Au, 0.2% Sb) from 407.8 m (GD35 vein set)SDDSC228
SDDSC228 infilled 8 vein sets, of which 2 were previously not recognised or modelled with one individual assay exceeding 50 g/t Au:
127.0 g/t Au & 5.53% Sb over 0.15 m from 264.91 mTwo individual assays exceeded 20% antimony, highlighting the high antimony presence in the shallow part of the system, including:
46.60% Sb & 1.3 g/t Au over 0.13 m from 246.84 m28.60% Sb & 3.5 g/t Au over 0.24 m from 246.97 mSelected composite highlights include:
0.4 m @ 86.2 g/t AuEq (2.7 g/t Au, 34.9% Sb) from 246.8 m (GD110 vein set)4.7 m @ 3.9 g/t AuEq (2.9 g/t Au, 0.4% Sb) from 259.6 m (GD100 vein set)Including 0.3 m @ 34.0 g/t AuEq (31.7 g/t Au, 1.0% Sb) from 264.0 m3.0 m @ 7.8 g/t AuEq (6.7 g/t Au, 0.4% Sb) from 264.6 m (GD100 vein set)Including 0.5 m @ 45.9 g/t AuEq (41.5 g/t Au, 1.8% Sb) from 264.6 m8.1 m @ 4.2 g/t AuEq (2.1 g/t Au, 0.9% Sb) from 328.3 m (GD85 vein set)Including 2.5 m @ 8.0 g/t AuEq (3.8 g/t Au, 1.8% Sb) from 329.8 m0.2 m @ 52.5 g/t AuEq (48.6 g/t Au, 1.6% Sb) from 346.5 m (New vein set)3.4 m @ 4.1 g/t AuEq (3.2 g/t Au, 0.4% Sb) from 350.6 m (GD80 vein set)Including 0.9 m @ 12.3 g/t AuEq (10.0 g/t Au, 1.0% Sb) from 351.1 m1.3 m @ 7.9 g/t AuEq (4.7 g/t Au, 1.3% Sb) from 357.6 m (New vein set)8.3 m @ 11.4 g/t AuEq (5.2 g/t Au, 2.6% Sb) from 361.8 m (GD70 vein set)Including 3.0 m @ 28.7 g/t AuEq (12.2 g/t Au, 6.9% Sb) from 364.7 mSDDSC233
SDDSC233 intersected 5 vein sets, one HG core, of which one vein set was previously not recognised or modelled.
One individual assay exceeded 50 g/t Au:
55.8 g/t Au & 9.40% Sb over 0.15 m from 248.55 mFive individual assays exceeded 20% antimony, highlighting the high antimony presence in the shallow part of the system, including:
27.40% Sb & 9.1 g/t Au over 0.28 m from 369.20 m47.00% Sb & 20.1 g/t Au over 0.13 m from 369.64 m36.30% Sb & 3.4 g/t Au over 0.32 m from 369.77 m22.40% Sb & 0.9 g/t Au over 0.11 m from 370.52 m41.20% Sb & 1.7 g/t Au over 0.15 m from 370.85 mSelected composite highlights include:
1.1 m @ 10.9 g/t AuEq (7.9 g/t Au, 1.3% Sb) from 248.6 m (GD100 and HG core)Including 0.15 m @ 78.3 g/t AuEq (55.8 g/t Au, 9.4% Sb) from 248.6 m0.2 m @ 45.2 g/t AuEq (43.5 g/t Au, 0.7% Sb) from 256.6 m (New vein set)0.9 m @ 9.2 g/t AuEq (7.1 g/t Au, 0.9% Sb) from 353.0 m (GD65 vein set)7.9 m @ 19.9 g/t AuEq (2.8 g/t Au, 7.1% Sb) from 363.1 m (GD60 vein set)Including 2.6 m @ 6.5 g/t AuEq (2.6 g/t Au, 1.6% Sb) from 363.1 mIncluding 3.7 m @ 37.5 g/t AuEq (3.5 g/t Au, 14.2% Sb) from 367.3 m0.3 m @ 45.3 g/t AuEq (40.6 g/t Au, 2.0% Sb) from 378.9 m (GD50 vein set)Pending Results and Update
Eleven drill rigs are currently operational on the Sunday Creek project. Results are pending from 69 holes currently being processed and analyzed including eleven holes that are actively being drilled and three abandoned holes (Figure 2). The Company continues its ongoing 200,000 m drill program through to Q1 2027.
About Sunday Creek
The Sunday Creek epizonal-style gold project is located 60 km north of Melbourne within 16,900 hectares ("Ha") of granted exploration tenements. SXGC is also the freehold landholder of 1,392 Ha that forms the key portion in and around the main drilled area at the Sunday Creek Project.
Gold and antimony form in a relay of vein sets that cut across a steeply dipping zone of intensely altered rocks (the "host"). These vein sets are like a "Golden Ladder" structure where the main host extends between the side rails deep into the earth, with multiple cross-cutting vein sets that host the gold forming the rungs. At Apollo, Golden Dyke and Rising Sun these individual 'rungs' have been defined over 600 m depth extent from surface to over 1,200 m below surface, are 2.5 m to 3.5 m wide (median widths) (and up to 10 m), and 20 m to 100 m in strike.
Cumulatively, 268 drill holes for 128,843.28 m have been reported from Sunday Creek since late 2020. This amount includes five holes for 929 m that have been drilled for geotechnical purposes and 22 holes for 2,972.92m that were abandoned due to deviation or hole conditions. Fourteen drill holes for 2,383 m have additionally been reported regionally outside of the main Sunday Creek drill area with fifteen additional regional holes currently being processed. A total of 64 historic drill holes for 5,599 m were completed from the late 1960s to 2008. The project now contains a total of eighty-eight (88) composite intersections exceeding 100 g/t Au and seventy-eight (78) composite intersections between 50 g/t and 100 g/t Au, and one-hundred and eight (108) composite intersections exceeding 10% Sb by applying a 1 m (down hole length) @ 5 g/t AuEq lower cut.
Southern Cross Gold's systematic drill program is strategically targeting these significant vein formations, which are currently drill defined over 1,550 m strike of the host dyke/sediment ("rails of the ladder") from Christina to Apollo prospects, of which approximately 650 m has been more intensively drill tested (Golden Dyke to Apollo). At least 122 'rungs' have been defined to date, defined by high-grade intercepts (20 g/t Au to >7,330 g/t Au) along with lower grade edges. Ongoing step-out drilling is aiming to uncover the potential extent of this mineralized system (Figure 2).
Geologically, the project is located within the Melbourne Structural Zone in the Lachlan Fold Belt. The regional host to the Sunday Creek mineralization is an interbedded turbidite sequence of siltstones and minor sandstones metamorphosed to sub-greenschist facies and folded into a set of open north-west trending folds.
Further Information
Further discussion and analysis of the Sunday Creek project is available through the interactive Vrify 3D animations, presentations and videos all available on the SXGC website. These data, along with an interview on these results with President & CEO/Managing Director Michael Hudson can be viewed at www.southerncrossgold.com.
No upper gold grade cut is applied in the averaging and intervals are reported as drill thickness. However, during future Mineral Resource studies, the requirement for assay top cutting will be assessed. The Company notes that due to rounding of assay results to one significant figure, minor variations in calculated composite grades may occur.
Figures 1 to 5 show project location, plan and longitudinal views of drill results reported here and Tables 1 to 3 provide collar and assay data. The true thickness of the mineralized intervals reported individually as estimated true widths ("ETW"), otherwise they are interpreted to be approximately 75% to 85% of the sampled thickness for other reported holes. Lower grades were cut at 1.0 g/t AuEq lower cutoff over a maximum width of 2 m with higher grades cut at 5.0 g/t AuEq lower cutoff over a maximum of 1 m width.
Critical Metal Epizonal Gold-Antimony Deposits
Sunday Creek (Figure 5) is an epizonal gold-antimony deposit formed in the late Devonian (like Fosterville, Costerfield and Redcastle), 60 million years later than mesozonal gold systems formed in Victoria (for example Ballarat and Bendigo). Epizonal deposits are a form of orogenic gold deposit classified according to their depth of formation: epizonal (<6 km), mesozonal (6 km to 12 km) and hypozonal (>12 km).
Epizonal deposits in Victoria often have associated high levels of the critical metal, antimony, and Sunday Creek is no exception. China, Russia and Tajikistan together account for over 90% of global antimony mine production, with China alone supplying roughly half. China's dominance is greater still in processing, controlling an estimated 80% of global antimony refining capacity. Antimony features highly on the critical minerals lists of many countries including Australia, the United States of America, Canada, Japan and the European Union. Australia ranks seventh for antimony production despite all production coming from a single mine at Costerfield in Victoria, located nearby to all SXGC projects. Antimony alloys with lead and tin which results in improved properties for solders, munitions, bearings and batteries. Antimony is a prominent additive for halogen-containing flame retardants. Adequate supplies of antimony are critical to the world's energy transition, and to the high-tech industry, especially the semi-conductor and defence sectors where it is a critical additive to primers in munitions.
Antimony represents approximately 21% to 24% in situ recoverable value of Sunday Creek at an AuEq of 2.39 ratio.
Southern Cross Gold Consolidated Ltd. (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF), is defining a leading gold-antimony project at the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne. Sunday Creek is a significant gold and antimony drill discovery in a Tier 1 location, with high-grade drill results including 88 composite intersections exceeding 100 g/t Au from 128.8 km of drilling at Sunday Creek. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with structures tested from surface to 1,200 m depth.
Sunday Creek's strategic value is enhanced by its dual-metal profile. The Company has a critical mineral the Western world needs. This has gained increased significance following China's export restrictions on antimony, a critical metal for defence and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier.
Technical fundamentals further strengthen the investment case, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing and gold recoveries of 93% to 98% through gravity and flotation.
With a strong cash position, 1,392 Ha of strategic freehold land ownership, and a large 200 km drill program planned through Q1 2027, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction, delivering milestone by milestone.
- Ends -
For ASX Compliance: This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd.
NI 43-101 Technical Background and Qualified Person
Kenneth Bush, Head of Exploration for SXGC, a Member of Australian Institute of Geoscientists and a Registered Professional Geologist in the fields of Mining and Exploration (#10315), is the Qualified Person as defined by the NI 43-101. They have prepared, reviewed, verified and approved the technical contents of this release.
Analytical samples are transported to the Bendigo facility of On Site Laboratory Services ("On Site") which operates under both an ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold using the fire assay technique (PE01S method; 25 gram charge), followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis (BM011 and over-range methods as required) use aqua regia digestion and ICP-MS analysis. The QA/QC program of Southern Cross Gold consists of the systematic insertion of certified standards of known gold content, blanks within interpreted mineralized rock and quarter core duplicates. In addition, On Site inserts blanks and standards into the analytical process.
SXGC considers that both gold and antimony that are included in the gold equivalent calculation ("AuEq") have reasonable potential to be recovered and sold at Sunday Creek, given current geochemical understanding, historic production statistics and geologically analogous mining operations. Historically, ore from Sunday Creek was treated onsite or shipped to the Costerfield mine, located 54 km to the northwest of the project, for processing during WW1. The Costerfield mine corridor, now owned by Alkane Resources (previously Mandalay Resources) contains two million ounces of equivalent gold (Mandalay Resources Q3 2021 Results), and in 2020 was the sixth highest-grade global underground mine and a top 5 global producer of antimony.
SXGC considers that it is appropriate to adopt the same gold equivalent variables as Mandalay Resources Ltd in its 2024 End of Year Mineral Reserves and Resources Press Release, dated February 20, 2025. The gold equivalence formula used by Mandalay Resources was calculated using Costerfield's 2024 production costs, using a gold price of US$2,500 per ounce, an antimony price of US$19,000 per tonne and 2024 total year metal recoveries of 91% for gold and 92% for antimony, and is as follows:
AuEq = Au (g/t) + 2.39 Sb (%)
Based on the latest Costerfield calculation and given the similar geological styles and historic toll treatment of Sunday Creek mineralization at Costerfield, SXGC considers that a AuEq = Au (g/t) + 2.39 Sb (%) is appropriate to use for the initial exploration targeting of gold-antimony mineralization at Sunday Creek.
JORC Competent Person Statement
Information in this announcement that relates to new exploration results contained in this report is based on information compiled by Mr Kenneth Bush a Member of Australian Institute of Geoscientists and a Registered Professional Geologist in the fields of Mining and Exploration (#10315). Mr Bush has sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bush is Head of Exploration of Southern Cross Gold Consolidated Limited and consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Certain information in this announcement that relates to prior exploration results is extracted from the Independent Geologist's Report dated 11 December 2024 which was issued with the consent of the Competent Person, Mr Steven Tambanis. The report is included in the Company's prospectus dated 11 December 2024 and is available at www.asx.com.au under code "SX2". The Company confirms that it is not aware of any new information or data that materially affects the information related to exploration results included in the original market announcement. The Company confirms that the form and context of the Competent Persons' findings in relation to the report have not been materially modified from the original market announcement.
Certain information in this announcement also relates to prior drill hole exploration results, extracted from the following announcements, which are available to view on www.southerncrossgold.com:
4 October, 2022 SDDSC046, 20 October, 2022 SDDSC049, 5 September, 2023 SDDSC077B, 12 October, 2023 SDDLV003 & 4, 23 October, 2023 SDDSC082, 9 November, 2023 SDDSC091, 14 December, 2023 SDDSC092, 5 March, 2024 SDDSC107, 30 May, 2024 SDDSC117, 13 June, 2024 SDDSC118, 5 September, 2024 SDDSC130, 28 October, 2024 SDDSC137W2, 28 November, 2024 SDDSC141, 9 December, 2024 SDDSC145, 18 December, 2024 SDDSC129 & 144, 28 May, 2025 SDDSC161, 16 June, 2025 SDDSC162, 26 August, 2025 SDDSC171, 8 September, 2025 SDDSC170A, The Company confirms that it is not aware of any new information or data that materially affects the information included in the original document/announcement and the Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in the Company's documents filed with Canadian or Australian (under code SX2) securities regulatory authorities. You can find further information with respect to these and other risks in filings made by the Company with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for the Company in Canada at www.sedarplus.ca or in Australia at www.asx.com.au (under code SX2). Documents are also available at www.southerncrossgold.com The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
Figure 1: Sunday Creek plan view showing selected results from holes SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here (dark blue highlighted box, black trace), with selected prior reported drill holes.
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Figure 2: Sunday Creek plan view showing selected drill hole traces from holes SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here (black trace), with prior reported drill holes (grey trace) and currently drilling and assays pending hole traces (dark blue).
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Figure 3: Sunday Creek longitudinal section across A-B in the plane of the dyke breccia/altered sediment host looking towards the NW (striking 56 degrees) indicating mineralized vein sets. Showing holes SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here (dark blue highlighted box, black trace), with selected intersections and prior reported drill holes. The vertical extents of the vein sets are limited by proximity to drill hole pierce points.
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Figure 4: Sunday Creek regional plan view showing soil sampling, structural framework, regional historic epizonal gold mining areas and broad regional areas tested by 12 holes for 2,383 m drill program. The regional drill areas are at Tonstal, Consols and Leviathan located 4,000 m to 7,500 m along strike from the main drill area at Golden Dyke- Apollo. Map in GDA94/ MGA Zone 55.
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Figure 5: Location of the Sunday Creek project, along with the 100% owned Redcastle Gold-Antimony Project
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Table 1: Drill collar summary table for recent drill holes in progress.
This Release Hole IDDepth (m)ProspectEast
GDA94 Z55North
GDA94 Z55Elevation
(m)DipAzimuth
GDA94
Z55SDDSC216131.2Golden Dyke3307015867880.5299.42-46.3252.5SDDSC216A572.36Golden Dyke330701.25867880.5299.6-46.1250.6SDDSC219392.2Golden Dyke330701.55867880.3299.6-49.2247.8SDDSC224496.9Golden Dyke330700.65867879.9299.62-36.8246.6SDDSC228447.8Golden Dyke330700.95867880.2299.48-47.1245.2SDDSC233445.94Golden Dyke330700.85867880.1299.55-40.7245Currently being processed and analyzed Hole IDDepth (m)ProspectEast
GDA94
Z55North
GDA94 Z55Elevation
(m)DipAzimuth
GDA94
Z55SDDSC201321.4Rising Sun330948.35868003.4313.3-28.9231.3SDDSC2051211.4Rising Sun330339.85867858.5276.8-64.675.8SDDSC207584.25Christina330094.85867459.3278.3-48.820.7SDDSC213941.44Golden Dyke330094.25867458.6278.3-62.614.6SDDSC215476.39Regional331603.65867183.7304.9-38.215.4SDDSC218796.99Golden Dyke330813.65867847.5301.1-47.6265.5SDDSC220716.7Christina329779.15867552.6286.59-26.570.5SDDSC221926.54Golden Dyke330754.15867733307-50.6285.3SDDSC222792.29Apollo331596.15867936.9345.43-51.5267.7SDDSC222W11065.5Apollo331596.15867936.9345.43-51.5267.7SDDSC223435.25Apollo East3314835867839.8335.72-33.9262.2SDDSC225992.82Christina330754.55867733306.93-52.9284.8SDDSC226826.1Rising Sun331276.95867121.1289.09-56.4336.5SDDSC226AIn Progress plan 1900 mRising Sun331278.15867112.6289.16-56.8330.4SDDSC226W1603.9Rising Sun331276.95867121.1289.09-56.4336.5SDDSC227412Apollo East331483.85867840.3335.83-36.6266.5SDDSC229541.8Golden Dyke330813.65867847.5301.1-48.5266.9SDDSC2301129.3Rising Sun330353.95867861.1277.2-65.177SDDSC230W1861.8Rising Sun330353.95867861.1277.2-65.177SDDSC2311196.4Rising Sun330339.65867858.6277-70.371.1SDDSC232516.5Christina329777.65867552.2286.76-34.165.7SDDSC234449Apollo East331484.55867840.3335.75-46.1266.1SDDSC2351500Christina329776.65867552286.8-44.763.2SDDSC236650.1Golden Dyke330813.65867847.5301.1-49.4263.6SDDSC237359Golden Dyke330700.45867880.1299.67-43.2245.7SDDSC237W1510.47Golden Dyke330700.45867880.1299.67-43.2299.7SDDSC238In Progress plan 750 mChristina329780.95867551.9286.5-3269.2SDDSC239915.63Golden Dyke330753.15867731.5306.9-31270.2SDDSC240In Progress plan 1250 mRising Sun330354.15867861.2277.24-58.773.9SDDSC241418.6Golden Dyke330700.95867879.7299.8-39.1243.5SDDSC242A370.8Golden Dyke3308145867848301-45.7255.1SDDSC242AW1601.7Golden Dyke3308145867848301-47.6268.2SDDSC2431037.9Apollo331615.85867951.1346.99-59.5269SDDSC245548.8Regional331533.75867845.3341.2-40.7156.1SDDSC246760.3Golden Dyke330753.75867731.8306.73-39.5274.6SDDSC247193.6Golden Dyke330772.25867889.6295.73-32.3248.5SDDSC248572.5Apollo331291.35867825.7316.38-40.9269.8SDDSC249191.09Golden Dyke330772.75867889.6295.74-36.7245.9SDDSC250199.81Rising Sun330772.45867889.9295.7-36.9252.3SDDSC251120.4Apollo331532.65867847.5340.85-31.9270.4SDDSC251A306.7Apollo331532.85867847.9340.89-31.7273.7SDDSC252200Golden Dyke330772.75867889.9295.68-40249.9SDDSC253349.4Apollo331595.85867936.9345.63-53.8267.8SDDSC253W11042.7Apollo331595.85867936.9345.63-53.8267.8SDDSC255540Golden Dyke3307735867890295.56-41.4251.2SDDSC256445.5Golden Dyke330772.25867889.4295.71-31245.3SDDSC257In Progress plan 634.5 mGolden Dyke330813.65867847.5301.1-43263.8SDDSC258In Progress plan 740 mGolden Dyke330973.35867847.7296.73-32.5265SDDSC259830Golden Dyke3307545867731.7306.66-43.6274SDDSC259W1In Progress plan 766 mGolden Dyke3307545867731.7306.66-43.6274SDDSC260In Progress plan 1230 mRising Sun330339.65867859.2276.89-69.664.3SDDSC261In Progress plan 1015 mApollo3316155867950.8346.91-45.5266.3SDDSC262In Progress plan 1150 mApollo3315965867937345-55.5266.5Regional holes currently being processed and analyzed Hole IDDepth (m)ProspectEast
GDA94
Z55North
GDA94 Z55Elevation
(m) DipAzimuth
GDA94
Z55SDDRE016410.45Redcastle3027355927298194.26-50.367.7SDDRE017359.8Beautiful Venus305388.65926618206.62-50.968.9SDDTS009506Tonstall336984.35870557.1524.7-28.3285SDDTS008511.37Tonstall336992.95870558.4524-3529SDDTS010535.79Tonstall336993.75870557.9524.1-3744.4SDDTS011401.32Tonstall336992.15870557.3524.1-4318SDDCN002350Consols3360415870691484-37241SDDLV005A419.1Leviathan3345805870167555.4-31206SDDCN003400Consols336043.55870690.2484.1193-36130SDDCN005A280Consols3360415870691484-30265.5SDDCN004271.3Consols3360415870691484-49258Abandoned drill holes currently being processed and analyzed Hole IDDepth (m)ProspectEast
GDA94 Z55North
GDA94 Z55Elevation
(m)DipAzimuth
GDA94 Z55SDDSC24220.65Golden Dyke3308145867848301-45.7255.1Table 2: Table of mineralized drill hole intersections reported from SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 with two cutoff criteria. Lower grades cut at 1.0 g/t AuEq lower cutoff over a maximum of 2 m with higher grades cut at 5.0 g/t AuEq cutoff over a maximum of 1 m. Significant intersections and interval depths are rounded to one decimal place.
Hole numberFrom (m)To (m)Interval (m)Au g/tSb %AuEq g/tSDDSC219295.7297.51.72.50.23.0SDDSC219299.7300.20.50.93.79.8SDDSC219316.2321.04.81.60.11.9Including317.3317.50.320.60.622.1SDDSC219324.2326.52.41.21.24.1Including325.3326.51.21.82.16.8SDDSC219333.0333.30.39.70.410.5SDDSC219368.0370.72.70.62.36.1Including368.5370.11.60.63.58.9SDDSC224207.3210.53.21.50.52.8SDDSC224381.0388.17.05.71.08.1Including381.0382.21.12.32.07.0Including385.3387.01.720.02.225.2SDDSC224407.8412.04.20.80.21.4SDDSC228246.8247.20.42.734.986.2SDDSC228259.6264.34.72.90.43.9Including264.0264.30.331.71.034.0SDDSC228264.6267.63.06.70.47.8Including264.6265.10.541.51.845.9SDDSC228271.4275.13.80.30.10.6SDDSC228322.0323.81.80.91.03.3SDDSC228328.3336.48.12.10.94.2Including329.8332.32.53.81.88.0SDDSC228342.4343.91.40.70.41.7SDDSC228346.5346.70.248.61.652.5SDDSC228350.6354.03.43.20.44.1Including351.1351.90.910.01.012.3SDDSC228357.6358.91.34.71.37.9SDDSC228361.8370.18.35.22.611.4Including361.8362.70.96.10.06.2Including364.7367.73.012.26.928.7SDDSC228374.5376.92.31.00.21.4SDDSC228379.0381.72.70.40.20.8SDDSC228391.2393.62.41.50.93.7Including391.5392.61.22.01.35.1SDDSC233240.3240.40.119.49.241.4SDDSC233248.6249.71.17.91.310.9Including248.6248.70.155.89.478.3SDDSC233256.6256.80.243.50.745.2SDDSC233264.6267.02.41.70.11.9SDDSC233335.5338.22.80.60.21.0SDDSC233347.6349.72.12.30.33.0SDDSC233353.0353.90.97.10.99.2SDDSC233363.1371.07.92.87.119.9Including363.1365.62.62.61.66.5Including367.3371.03.73.514.237.5SDDSC233378.9379.20.340.62.045.3SDDSC233379.4382.32.92.10.22.6Table 3: All individual assays reported from SDDSC216, SDDSC216A, SDDSC219, SDDSC224, SDDSC228 and SDDSC233 reported here >0.1g/t AuEq. Individual assay and sample intervals are reported to two decimal places.
CriteriaJORC Code explanationCommentarySampling techniquesNature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.Aspects of the determination of mineralization that are Material to the Public Report.In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (e.g. submarine nodules) may warrant disclosure of detailed information.Sampling has been conducted on drill core (half core for >90% and quarter core for check samples), grab samples (field samples of in-situ bedrock and boulders; including duplicate samples), trench samples (rock chips, including duplicates) and soil samples (including duplicate samples).
Locations of field samples were obtained by using a GPS, generally to an accuracy of within 5 metres. Drill hole and trench locations have been confirmed to <1 metre using a differential GPS.
Samples locations have also been verified by plotting locations on the high-resolution Lidar mapsDrill core is marked for cutting and cut using an automated diamond saw used by Company staff in Kilmore.
Samples are bagged at the core saw and transported to the Bendigo On Site Laboratory for assay.
At On Site samples are crushed using a jaw crusher combined with a rotary splitter and a 1 kg split is separated for pulverizing (LM5) and assay.Standard fire assay techniques are used for gold assay on a 30 g charge by experienced staff (used to dealing with high sulfide and stibnite-rich charges). On Site gold method by fire assay code PE01S.Screen fire assay is used to understand gold grain-size distribution where coarse gold is evident.ICP-OES is used to analyse the aqua regia digested pulp for an additional 12 elements (method BM011) and over-range antimony is measured using flame AAS (method known as B050).Soil samples were sieved in the field and an 80-mesh sample bagged and transported to ALS Global laboratories in Brisbane for super-low level gold analysis on a 50 g samples by method ST44 (using aqua regia and ICP-MS).Grab and rock chip samples are generally submitted to On Site Laboratories for standard fire assay and 12 element ICP-OES as described above.Drilling techniquesDrill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).HQ or NQ diameter diamond drill core, oriented using Axis Champ orientation tool with the orientation line marked on the base of the drill core by the driller/offsider.
A standard 3 metre core barrel has been found to be most effective in both the hard and soft rocks in the project.Drill sample recoveryMethod of recording and assessing core and chip sample recoveries and results assessed.Measures taken to maximise sample recovery and ensure representative nature of the samples.Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.Core recoveries were maximised using HQ or NQ diamond drill core with careful control over water pressure to maintain soft-rock integrity and prevent loss of fines from soft drill core. Recoveries are determined on a metre-by-metre basis in the core shed using a tape measure against marked up drill core checking against driller's core blocks.Plots of grade versus recovery and RQD (described below) show no trends relating to loss of drill core, or fines.LoggingWhether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.The total length and percentage of the relevant intersections logged.Geotechnical logging of the drill core takes place on racks in the company core shed.
Core orientations marked at the drill rig are checked for consistency, and base of core orientation lines are marked on core where two or more orientations match within 10 degrees.
Core recoveries are measured for each metre
RQD measurements (cumulative quantity of core sticks > 10 cm in a metre) are made on a metre-by-metre basis.Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting.The ½ core cutting line is placed approximately 10 degrees above the orientation line so the orientation line is retained in the core tray for future work.Geological logging of drill core includes the following parameters:
Rock types, lithology
Alteration
Structural information (orientations of veins, bedding, fractures using standard alpha-beta measurements from orientation line; or, in the case of un-oriented parts of the core, the alpha angles are measured)
Veining (quartz, carbonate, stibnite)
Key minerals (visible under hand lens, e.g. gold, stibnite)100% of drill core is logged for all components described above into the company MX logging database.Logging is fully quantitative, although the description of lithology and alteration relies on visible observations by trained geologists.Each tray of drill core is photographed (wet and dry) after it is fully marked up for sampling and cutting.Logging is considered to be at an appropriate quantitative standard to use in future studies.Sub-sampling techniques and sample preparationIf core, whether cut or sawn and whether quarter, half or all core taken.If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.For all sample types, the nature, quality and appropriateness of the sample preparation technique.Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.Whether sample sizes are appropriate to the grain size of the material being sampled.Drill core is typically half-core sampled using an Almonte core saw. The drill core orientation line is retained.Quarter and half core is used when taking sampling duplicates (termed FDUP in the database).Sampling representivity is maximised by always taking the same side of the drill core (whenever oriented),and consistently drawing a cut line on the core where orientation is not possible. The field technician draws these lines.Sample sizes are maximised for coarse gold by using half core, and using quarter core and half core splits (laboratory duplicates) allows an estimation of nugget effect.In mineralized rock the company uses approximately 10% of core duplicates, certified reference materials (suitable OREAS materials), laboratory sample duplicates and instrument repeats.In the soil sampling program duplicates were obtained every 25th sample and the laboratory inserted low-level gold standards regularly into the sample flow.Quality of assay data and laboratory testsThe nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.The fire assay technique for gold used by On Site is a globally recognised method, and over-range follow-ups including gravimetric finish and screen fire assay are standard. Of significance at the On Site laboratory is the presence of fire assay personnel who are experienced in dealing with high sulfide charges (especially those with high stibnite contents) - this substantially reduces the risk of inaccurate reporting in complex sulfide-gold charges.Where screen fire assay is used, this assay will be reported instead of the original fire assay. The ICP-OES technique is a standard analytical technique for assessing elemental concentrations. The digest used (aqua regia) is excellent for the dissolution of sulfides (in this case generally stibnite, pyrite and trace arsenopyrite), but other silicate-hosted elements, in particular vanadium (V), may only be partially dissolved. These silicate-hosted elements are not important in the determination of the quantity of gold, antimony, arsenic or sulphur.A portable XRF has been used in a qualitative manner on drill core to ensure appropriate core samples have been taken (no pXRF data are reported or included in the MX database).Acceptable levels of accuracy and precision have been established using the following methods
¼ duplicates - half core is split into quarters and given separate sample numbers (commonly in mineralized core) - low to medium gold grades indicate strong correlation, dropping as the gold grade increases over 100 g/t Au.
½ duplicates - core is split into halves and given separate sample numbers (commonly in mineralized core) - low to medium gold grades indicate strong correlation, dropping as the gold grade increases over 100 g/t Au.
Washes - washes are inserted post visible gold or >1% visible stibnite to ensure contamination is minimised during the preparation stage
Blanks - blanks are inserted after visible gold and in strongly mineralized rocks to confirm that the crushing and pulping are not affected by gold smearing onto the crusher and LM5 swing mill surfaces. Results are excellent, generally below detection limit and a single sample at 0.03 g/t Au.
Certified Reference Materials - OREAS CRMs have been used throughout the project including blanks, low (<1 g/t Au), medium (up to 5 g/t Au) and high-grade gold samples (> 5 g/t Au). Results are automatically checked on data import into the MX database to fall within 2 standard deviations of the expected value.
Laboratory splits - On Site conducts splits of both coarse crush and pulp duplicates as quality control and reports all data. In particular, high Au samples have the most repeats.
Laboratory CRMs - On Site regularly inserts their own CRM materials into the process flow and reports all data
Laboratory precision - duplicate measurements of solutions (both Au from fire assay and other elements from the aqua regia digests) are made regularly by the laboratory and reported.Accuracy and precision have been determined carefully by using the sampling and measurement techniques described above during the sampling (accuracy) and laboratory (accuracy and precision) stages of the analysis.Soil sample company duplicates and laboratory certified reference materials all fall within expected ranges.Verification of sampling and assayingThe verification of significant intersections by either independent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data.The Independent Geologist has visited Sunday Creek drill sites and inspected drill core held at the Kilmore core shed - 11 December 2024 S.Tambanis.The CP & QP, Mr Kenneth Bush has visually inspected the drill core from holes in this release. The drill intersections match both the geological descriptions in the database and the expected assay data (for example, gold and stibnite visible in drill core is matched by high Au and Sb results in assays).In addition, on receipt of results Company geologists assess the gold, antimony and arsenic results to verify that the intersections returned expected data.The electronic data storage in the MX database is of a high standard. Primary logging data are entered directly by the geologists and field technicians and the assay data are electronically matched against sample number on return from the laboratory.Certified reference materials, ¼ core field duplicates (FDUP), laboratory splits and duplicates and instrument repeats are all recorded in the database.Exports of data include all primary data, from hole SDDSC077B onwards after discussion with SRK Consulting. Prior to this gold was averaged across primary, field and lab duplicates.Adjustments to assay data are recorded by MX, and none are present (or required).Twinned drill holes are not available at this stage of the project.Location of data pointsAccuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control.Differential GPS used to locate drill collars, trenches and some workingsStandard GPS for some field locations (grab and soils samples), verified against Lidar data.Downhole surveys are collected by either electronic single-shot, REFLEX EZ-TRAC multi-shot or Imdex/Axis north-seeking gyro or a combination. During drilling, surveys are completed at a maximum of 30m intervals, with multi-shot surveys completed at hole completion or upon request by geologists at 3m intervals during drilling unless ground conditions are unsuitable.The grid system used throughout is Geocentric datum of Australia 1994; Map Grid Zone 55 (GDA94_Z55), also referred to as ELSG 28355. Reported azimuths also relate to MGA55 (GDA94_Z55).Topographic control is excellent owing to sub 10 cm accuracy from Lidar data.Data spacing and distributionData spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.Whether sample compositing has been applied.The data spacing is suitable for reporting of exploration results - evidence for this is based on the improving predictability of high-grade gold-antimony intersections.At this time, the data spacing and distribution are not sufficient for the reporting of Mineral Resource Estimates. This however may change as knowledge of grade controls increase with future drill programs.Samples have been composited to a 1 g/t AuEq over 2.0 m width for lower grades and 5 g/t AuEq over 1.0 m width for higher grades in table 3. All individual assays above 0.1 g/t AuEq have been reported to two decimal places with no compositing in table 4. Orientation of data in relation to geological structureWhether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.If the relationship between the drilling orientation and the orientation of key mineralized structures is considered to have introduced a sampling bias, this should be assessed and reported if material.The true thickness of the mineralized intervals reported are interpreted to be approximately 75-85% of the sampled thickness. Drilling is oriented in an optimum direction when considering the combination of host rock orientation and apparent vein control on gold and antimony grade.
The steep nature of some of the veins may give increases in apparent thickness of some intersections, but more drilling is required to quantify.A sampling bias is not evident from the data collected to date (drill holes cut across mineralized structures at a moderate angle).Sample securityThe measures taken to ensure sample security.Drill core is delivered to the Kilmore core logging shed by either the drill contractor or company field staff. Samples are marked up and cut by company staff at the Kilmore core shed, in an automated diamond saw and bagged before loaded onto strapped secured pallets and trucked by company staff to Bendigo for submission to the laboratory. There is no evidence in any stage of the process, or in the data for any sample security issues.Audits or reviewsThe results of any audits or reviews of sampling techniques and data.Continuous monitoring of CRM results, blanks and duplicates is undertaken by geologists and the company data geologist. Mr Kenneth Bush for SXG has the orientation, logging and assay data.Section 2 Reporting of Exploration Results
CriteriaJORC Code explanationCommentaryMineral tenement
and land tenure
statusType, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.The Sunday Creek Project, previously known as the Clonbinane Project, is covered by the Retention Licence RL 6040 and is surrounded by Exploration Licence EL6163 and Exploration Licence EL7232. All the licences are 100% held by Clonbinane Goldfield Pty Ltd, a wholly owned subsidiary company of Southern Cross Gold Ltd.Exploration done by
other parties Acknowledgment and appraisal of exploration by other parties.The Sunday Creek project is a high level orogenic (or epizonal) Fosterville-style deposit. Small scale mining has been undertaken in the project area since the 1880s continuing through to the early 1900s. Historical production occurred with multiple small shafts and alluvial workings across the Clonbinane Goldfield permits. Production of note occurred at the Clonbinane area with total production being reported as 41,000 oz gold at a grade of 33 g/t gold (Leggo and Holdsworth, 2013)Work in and nearby to the Sunday Creek Project area by previous explorers typically focused on finding bulk, shallow deposits. Beadell Resources were the first to drill deeper targets and Southern Cross have continued their work in the Sunday Creek Project area. EL54 - Eastern Prospectors Pty Ltd
Rock chip sampling around Christina, Apollo and Golden Dyke mines.
Rock chip sampling down the Christina mine shaft. Resistivity survey over the Golden Dyke. Five diamond drill holes around Christina, two of which have assays.ELs 872 & 975 - CRA Exploration Pty Ltd
Exploration focused on finding low grade, high tonnage deposits. The tenements were relinquished after the area was found to be prospective but not economic.
Stream sediment samples around the Golden Dyke and Reedy Creek areas. Results were better around the Golden Dyke. 45 dump samples around Golden Dyke old workings showed good correlation between gold, arsenic and antimony.
Soil samples over the Golden Dyke to define boundaries of dyke and mineralization. Two costeans parallel to the Golden Dyke targeting soil anomalies. Costeans since rehabilitated by SXG.ELs 827 & 1520 - BHP Minerals Ltd
Exploration targeting open cut gold mineralization peripheral to SXG tenements.ELs 1534, 1603 & 3129 - Ausminde Holdings Pty Ltd
Targeting shallow, low grade gold. Trenching around the Golden Dyke prospect and results interpreted along with CRAs costeans. 29 RC/Aircore holes totalling 959 m sunk into the Apollo, Rising Sun and Golden Dyke target areas. ELs 4460 & 4987 - Beadell Resources Ltd
ELs 4460 and 4497 were granted to Beadell Resources in November 2007. Beadell successfully drilled 30 RC holes, including second diamond tail holes in the Golden Dyke/Apollo target areas.Both tenements were 100% acquired by Auminco Goldfields Pty Ltd in late 2012 and combined into one tenement EL4987. Nagambie Resources Ltd purchased Auminco Goldfields in July 2014. EL4987 expired late 2015, during which time Nagambie Resources applied for a retention licence (RL6040) covering three square kilometres over the Sunday Creek Project. RL6040 was granted July 2017.Clonbinane Goldfield Pty Ltd was purchased by Mawson Gold Ltd in February 2020.Mawson drilled 30 holes for 6,928 m and made the first discoveries to depth.
Geology Deposit type, geological setting and style ofmineralization.Refer to the description in the main body of the release.Drill hole Information A summary of all information material to the understanding of the exploration results including a tabulation of the followinginformation for all Material drill holes:easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collardip and azimuth of the holedown hole length and interception depth hole length.If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.Refer to appendicesData aggregation methodsIn reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high-grades) and cut-off grades are usually Material and should be stated.Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.The assumptions used for any reporting of metal equivalent values should be clearly stated.See "Further Information" and "Metal Equivalent Calculation" in main text of press release.Relationship
between
mineralization
widths and
intercept lengthsThese relationships are particularly important in the reporting of Exploration Results.If the geometry of the mineralization with respect to the drill hole angle is known, its nature should be reported.If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g 'down holelength, true width not known').See reporting of true widths in the body of the press release.DiagramsAppropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.The results of the diamond drilling are displayed in the figures in the announcement.Balanced reportingWhere comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high-grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.All results above 0.1 g/t Au have been tabulated in this announcement. The results are considered representative with no intended bias.Core loss, where material, is disclosed in tabulated drill intersections.Other substantive exploration dataOther exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.Preliminary testing was reported in January 11, 2024. This established the general metallurgical test procedure for samples from the Sunday Creek deposits and demonstrated the basis for confidence in establishing prospects for economic recovery of contained gold and antimony to three separate products:Metallic gold product by gravity recoveryAntimony-gold flotation concentratePyrite-arsenopyrite-gold flotation concentrateTesting has now been expanded to include samples from additional zones of the mineral deposits and to refine metallurgical processes. The aim was to improve aspects of antimony concentrate production, maximise gold recovery to a high-grade metallic product, and to further investigate the nature of gold occurrence.The work, conducted by ALS Burnie Laboratories, focused on:Improving selectivity between sulphide minerals in the antimony flotation stage whilst maintaining high overall gold recovery.Further processing of the flotation concentrates, to assess the metallurgical response of contained gold.Mineralogical examination of selected product samples.It was demonstrated that, with appropriate process conditions, high antimony and gold recovery could be maintained whilst rejecting arsenic and iron sulphides in the first flotation stage. The antimony concentrate produced (~50% Sb, <0.2% As) is deemed to be attractive to the smelter market.Recovery of antimony to concentrate varied with feed type, and ranged from 83% to 93% for the samples tested from the antimony rich zones.Additional metallic gold was recovered from the flotation concentrate by gravity separation.The gold grade of the concentrate is a function of the proportion of feed gold associated with arsenic-iron sulphides, the ratio of gold to antimony in the feed, the gold recovered to the metallic gold product, and the flotation rate of gold in the first flotation stage.High overall gold recovery was achieved with all samples tested.Further WorkAdditional characterization testing across deposit zonesLocked cycle testing to confirm overall recoveriesMulti-stage cleaning optimization to maximize concentrate qualityPilot plant evaluation of larger samples Process plant design studies targeting Q1 2027 completionFurther workThe nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.The Company has stated it will drill 200,000 m through 2025 to Q1 2027. See diagrams in presentation which highlight current and future drill plans.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304023
Source: Southern Cross Gold Consolidated Ltd.
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NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the HUBG ($HUBG) Class Action:
Lead Plaintiff Deadline: August 28, 2026Alleged Misconduct: Securities fraud relating to Hub Group’s financial results, revenue recognition, accounting of costs, internal controls, and prospects for/drivers of growthLargest Stock Drop: February 6, 2026 – 18% Stock DropCourt: U.S. District Court for the Northern District of IllinoisFiling Law Firm: Bleichmar Fonti & Auld (“BFA Law”)Action: Contact BFA Law to discuss your rights Investors have until August 28, 2026, to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub Group securities. The class action is pending in the U.S. District Court for the Northern District of Illinois. It is captioned Lawler v. Hub Group, Inc., No. 1:26-cv-07596.
Why is Hub Group Being Sued for Securities Fraud?
Hub Group is a transportation and logistics freight carrier that provides trucking and related services to operators across the supply chain. Hub Group services a customer base extending across various industries, including retail, consumer products, automotive, and durable goods, and reports to be one of the largest freight transportation providers in North America.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements concerning the premature and incorrect revenue recognition of certain transactions, the understatement of purchased transportation costs and accounts payable, the effectiveness of internal controls, and the Hub Group’s drivers of financial results and growth.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that the Company’s financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” Hub Group revealed that its reports for those quarters “were in each case materially misstated due to the aforementioned error and should no longer be relied upon” and that “the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps.” Hub Group also estimated that “[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.”
This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.
On May 12, 2026, Hub Group announced that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” causing its 2023 and 2024 annual reports filed with the SEC to be “materially misstated,” such that they “should no longer be relied upon.” Hub Group did not quantify the expected misstatement, although it “expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.”
This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
