Strategy added $747.8 million in net proceeds from the sale of common stock last week to its cash reserves and paused its Bitcoin purchases, as the company rebalances its assets amid the crypto downturn.
According to a post by Strategy executive chairman Michael Saylor, the company's cash reserves now stand at $2.19 billion, while its crypto stash is at 671,268 Bitcoin (BTC).
Source: Michael Saylor A filing with regulators shows Strategy sold 4.535 million shares of its Class A common stock (MSTR) during the Dec. 15-21 period, generating $747.8 million in net proceeds through its at-the-market offering program. The company did not sell any preferred stock during the period.
Strategy announced the establishment of a US dollar reserve in early December. Initially set at $1.44 billion, the reserve would support the payment of preferred stock dividends and interest on its outstanding indebtedness.
“Strategy’s current intention is to maintain a USD Reserve in an amount sufficient to fund at least twelve months of its dividends, and Strategy intends to strengthen the USD Reserve over time, with the goal of ultimately covering 24 months or more of its dividends,” the company said at the time.
Form 8-K SEC filing. Source: Strategy The cash reserve comes with a slowdown in BTC purchases. The company's total holdings were acquired at an aggregate purchase price of $50.33 billion, with an average purchase price of $74,972 per Bitcoin.
Its latest Bitcoin purchase happened on Dec. 15, when the company bought 10,645 Bitcoin for $980.3 million, at an average price of $92,098 per Bitcoin.
Strategy common stock is down nearly 50% over the past 12 months, according to Google Finance.
Source: Google FinanceRelated: Michael Saylor’s Bitcoin thesis: Money or commodity?
Bitcoin treasury companies face bear market in 2025In 2024 and 2025, several companies adopted Strategy’s Bitcoin treasury model, repositioning themselves as digital asset holding companies. While many of their shares initially rallied on the announcements, most have since posted significant losses as crypto markets declined.
Metaplanet (MTPLF), which announced its crypto treasury strategy in April 2024 and now ranks as the fourth-largest corporate Bitcoin holder with 30,823 BTC, has seen its shares fall by about 75% over the past six months. The stock is still up 26% year-to-date.
MARA Holdings (MARA), a Bitcoin mining company and the second-largest corporate holder of Bitcoin with 53,250 (BTC), is down roughly 38% in 2025.
Bitcoin was trading near $89,433 at the time of writing, down roughly 4.4% over the past 12 months.
Top Bitcoin treasury companies. Source: BitcoinTreasuries.NET Magazine: Big questions: Would Bitcoin survive a 10-year power outage?
2025-12-22 21:184mo ago
2025-12-22 15:484mo ago
Bitcoin Could Face A Deeper Reset Before The Next Bull Run, Says Analyst
Bitcoin shows signs of a structural adjustment following recent volatility, according to on-chain indicators such as the NVT Golden Cross.
Analysts view this phase as a normalization of valuations rather than a market top.
While gold trades above $4,420 and attracts defensive flows, historical data offers no consistent evidence of sustained capital rotation from precious metals into Bitcoin.
Bitcoin is moving through a phase that analysts describe as a deeper reset rather than a breakdown in its long-term outlook. Recent on-chain data suggests the market is absorbing prior excesses after months of volatility, with valuation metrics pointing toward stabilization. For Bitcoin, this adjustment phase has often appeared well before renewed expansion phases, reinforcing the view that current conditions remain constructive for the asset’s broader cycle.
📈 As gold has just set a new all-time high above $4,420 per ounce, I wouldn’t be surprised to see the capital rotation toward Bitcoin narrative back in force.
This is one of the narratives we’ve heard a lot during this cycle, yet it isn’t really well grounded.
I built this… pic.twitter.com/d6kcKI2kLN
— Darkfost (@Darkfost_Coc) December 22, 2025
Market observers note that Bitcoin recently emerged from an extended period of relative undervaluation. Several indicators now show the network entering a more balanced state, where speculative pressure eases and long-term holders gradually regain influence. This transition historically shaped the foundation for healthier price discovery rather than abrupt upside moves.
Bitcoin On-Chain Signals Point To Structural Reset
One of the most cited indicators is the Network Value to Transactions Golden Cross, which compares market capitalization to transaction activity. Analysts observe that similar readings followed prior capitulation events, when short-term participants exited and longer-horizon capital stepped in. Current data mirrors those past patterns, pointing to recalibration instead of overheating.
Historical comparisons show these resets often occurred after intense drawdowns and extended consolidation. In most cases, Bitcoin did not reach a cycle peak during this phase. Instead, the asset spent weeks or months repairing valuation imbalances while network usage remained resilient. According to CryptoQuant data, present conditions align with normalization periods rather than speculative extremes.
Gold Rally Raises Questions About Capital Flows
As Bitcoin consolidates ($88,125), gold continues to draw attention after climbing above $4,420 per ounce. This move revived debates about whether capital might shift from traditional safe havens into digital assets. Some investors frame Bitcoin as an alternative store of value, yet empirical evidence remains mixed.
Analyst Darkfost reviewed historical price behavior by comparing Bitcoin and gold relative to their 180-day moving averages. The analysis shows that periods where Bitcoin outperformed gold did not follow a consistent or repeatable pattern. In several cycles, both assets advanced or declined independently, influenced more by liquidity conditions and macroeconomic signals than by direct capital rotation.
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Bitwise Fast-Tracks Hyperliquid ETF With New Amendment
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2025-12-22 21:184mo ago
2025-12-22 15:554mo ago
Shiba Inu Open Interest Surges 3% As Derivatives Activity Returns
SHIB open interest reached $74.64 million, reversing the previous bearish trend.
More than 10 trillion SHIB tokens are currently held in unsettled derivatives positions.
Despite the rebound in derivatives, SHIB’s price maintains a low profile with a daily gain of 1.83%.
As 2025 draws to a close, institutional and retail investors are once again turning their attention to the memecoin segment. Following a period of apathy, recent market data reveals a significant rebound in Shiba Inu futures, with open interest rising by 3.40% over the last 24 hours, reaching $74.64 million.
This increase in unsettled positions suggests the entry of fresh capital into the ecosystem, breaking the declining streak that had characterized the asset in previous weeks.
Open interest is a fundamental metric for measuring market participant commitment; its increase indicates that traders are opening new positions rather than closing existing ones.
Currently, the volume of active contracts represents over 10 trillion SHIB tokens, reflecting strategic positioning ahead of the market movements that typically occur during the year-end festivities.
Traders Adjust Their Exposure at Year-End
All this new movement in Shiba Inu futures is unfolding in a context of low seasonal liquidity. In this regard, analysis firms such as 10x Research indicate that flows in the derivatives and options markets are aligned, showing that investors are actively managing their risks.
Although trading volume is rising, caution prevails, keeping the price within a narrow consolidation range.
On the daily chart, Shiba Inu showed a slight recovery of 1.83%, trading around $0.000007344. However, this rebound in derivatives has not yet strongly translated to the spot market, as weekly performance remains negative with a drop of over 7%.
The fact that open interest is growing while the price stabilizes could be a prelude to increased volatility in the coming weeks.
In summary, Shiba Inu’s short-term success will depend on whether this accumulation of positions in futures can catalyze a breakout of current resistance levels, allowing the asset to recover ground lost during an especially difficult December for altcoins.
2025-12-22 21:184mo ago
2025-12-22 15:574mo ago
SHIB Price Analysis: Top Traders 67.9% Long at Key $0.0000072 Level
Binance top traders show 67.9% long positions on SHIB with a 2.12 long/short ratio.
Newton Gitonga2 min read
22 December 2025, 08:57 PM
Binance's top-trader positioning data reveals a pronounced bullish tilt on Shiba Inu, with professional accounts maintaining substantial long exposure despite the token's recent price consolidation. The data suggests experienced traders are positioning for potential upside while the broader market remains cautious.
Recent metrics from the exchange indicate that top trader accounts hold a 62.3% net long position, compared to a 37% short exposure. This configuration pushes the account-based long/short ratio to 1.65, indicating a clear directional preference among sophisticated market participants. The skew represents a meaningful departure from neutral positioning and reflects growing conviction in SHIB's near-term prospects.
Position Data Points to Concentrated Bullish ExposureThe positioning becomes even more apparent when examining actual open positions rather than account distribution. Top traders hold 67.9% of their positions long compared to 32.1% short. This creates a long/short ratio of 2.12 in terms of position sizing, nearly double the short exposure.
The gap between account distribution and position size reveals strategic intent. Professional traders are not simply leaning long, they are allocating meaningful capital to that directional view. This distinction matters because it indicates a real risk being deployed, rather than tentative positioning that could reverse quickly.
The elevated position ratio suggests desks are building exposure ahead of a potential move. They appear willing to maintain size as long as key price levels hold. However, the positioning also creates vulnerability if support fails, as concentrated long exposure could trigger rapid unwinding.
Price Action At the time of writing, SHIB trades around $0.000007311, reflecting modest 0.8% gains in the last 24 hours. The token recently declined from the $0.0000078 zone into the low $0.0000070s before entering a range-bound phase. The current price behavior resembles a base formation rather than trending action.
SHIB price chart, Source: CoinMarketCap
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Newton Gitonga
Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.
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Latest Shiba Inu News Today (SHIB)
2025-12-22 21:184mo ago
2025-12-22 16:004mo ago
MYX Finance back above $3 after a fakeout – Can it reclaim THIS?
MYX Finance [MYX] was up 12% in 24 hours, but down 9.78% over the past week. Last Monday, the 15th of December, MYX ended the day’s trading at $3.90. That was seen as a bullish breakout, and further gains were expected.
Unfortunately for the bulls, what looked like a breakout was instead a liquidity grab. The move squeezed the short positions out, then reversed, falling to $2.90 by Thursday.
At the time of writing, MYX Finance was once again at $3.30, back above the psychological $3 level. The expectations in a previous report were incorrect, and the altcoin’s price action had taken what was seen as the less likely path at that time.
Outflows were gaining strength, and perp traders had a bearish outlook. What should the token’s traders watch out for next?
Reassessing the MYX trends
Source: MYX/USDT on TradingView
On the 1-day chart, the structure has been established to be bullish, and this has not changed. On the 4-hour chart, a bullish break (orange) occurred when prices soared past the $3.10 level on Sunday.
When it did so, MYX left behind a relatively large imbalance of $2.93-$3.18. This imbalance will likely be tested as a demand zone.
The CMF showed significant capital inflows, and the MACD was about to cross above zero to signal bullish momentum. Together, the technical indicators showcased bullish potential.
The argument for a bearish breakdown
The crypto market sentiment was firmly bearish, and Bitcoin [BTC] has not reclaimed key levels such as $94.5k.
As a result, altcoins such as MYX could find it difficult to rally significantly.
Like the previous move to $3.9, the current surge could also be halted by profit-taking activity.
Traders’ call to action – target THIS zone
Given the H4 and D1 structures, leaning bullish was viable, so long as the imbalance is respected as a demand zone. This meant that a revisit to the $2.93-$3.18 area was a buying opportunity.
The Liquidation Heatmap showed two sizeable magnetic zones. The first, less dense one stretched from $3.87-$4.40, and the one to the south, which was denser but slightly further away, was clustered around the $2.49-$2.66 zone.
Traders can bet on a bullish move toward $4.40, with the setup’s invalidation being a drop below $2.93.
Final Thoughts
MYX Finance saw a short squeeze last week, but the bulls were attempting another rally at the time of writing.
Despite the recent volatility, traders have reason to bet on a bullish outcome.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.
His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity.
Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution.
As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.
2025-12-22 21:184mo ago
2025-12-22 16:004mo ago
Bitmine Immersion Surpasses 4 Million ETH as Treasury Holdings Reach $13.2 Billion
TLDR:Ethereum Holdings Cross Four Million TokensLiquidity Strength and Institutional Support
Bitmine Immersion now holds 4.066 million ETH, equal to about 3.37% of Ethereum’s total supply.
Total crypto, cash, and strategic investments reached $13.2 billion, supported by $1 billion in cash.
BMNR ranks among the most traded U.S. stocks, averaging $1.7 billion in daily trading volume.
The company targets a 5% ETH supply share while preparing its validator staking network for 2026.
Bitmine Immersion Technologies has announced a major expansion of its Ethereum treasury, reporting total crypto, cash, and related holdings of $13.2 billion.
The disclosure confirms the company now controls more than four million ETH tokens. Management presented the update as part of a long-term accumulation strategy, while outlining progress toward operational and governance milestones.
Ethereum Holdings Cross Four Million Tokens
Bitmine Immersion reported holding 4,066,062 ETH, valued at $2,991 per token at the reporting time. This position equals approximately 3.37 percent of Ethereum’s circulating supply of 120.7 million tokens.
The company added 98,852 ETH in the prior week, maintaining a consistent pace of accumulation.
Commenting on the milestone, Chairman Thomas “Tom” Lee stated, “Bitmine continues to add steadily to its ETH holdings, and holdings now exceed the crucial four million ETH tokens.”
He described the achievement as a rapid build achieved within 5.5 months, pointing to internal execution discipline.
Lee added that the company is advancing toward its stated target, saying it is making “rapid progress towards the ‘alchemy of 5%.’”
He also referenced active engagement with decentralized finance developers and tokenization initiatives tied to Ethereum’s broader ecosystem.
Liquidity Strength and Institutional Support
Beyond Ethereum, Bitmine Immersion holds 193 Bitcoin, $1.0 billion in cash, and a $32 million stake in Eightco Holdings.
These assets collectively support the reported $13.2 billion balance across crypto, cash, and strategic positions categorized as moonshots.
The company also emphasized stock liquidity. Fundstrat data shows BMNR trading an average of $1.7 billion daily over five days, ranking 66th among U.S.-listed equities.
Lee noted in public comments that such liquidity supports faster growth in crypto net asset value per share.
Looking ahead, Lee said, “We continue to make progress on our staking solution known as the Made in America Validator Network.” He described MAVAN as a secure staking infrastructure scheduled for early 2026 deployment.
Bitmine Immersion confirmed its annual stockholders meeting will be held January 15, 2026, at Wynn Las Vegas, with institutional backing remaining in place from firms including ARK Invest, Pantera, Galaxy Digital, and others.
2025-12-22 21:184mo ago
2025-12-22 16:004mo ago
Dogecoin Weekly Fractal Hints At A Bigger Move Brewing
Dogecoin is doing that thing again, not pumping, not capitulating, just sitting there on the weekly like it’s waiting for a cue. And if you’re the type who still believes memes have market structure like in 2017 and 2021, one chart making the rounds on X says this is exactly what the pre-run “calm” has looked like before.
Crypto analyst Cryptollica (@Cryptollica) posted a weekly DOGE chart marking four major structural points across the coin’s history, arguing the current stretch maps onto prior accumulation phases.
“We are looking at a textbook fractal setup,” Cryptollica wrote. “The chart highlights four distinct structural points (1, 2, 3, 4). We are currently at Point 4, and the structure is rhyming perfectly with the pre-bull run accumulation phases of the past.”
Dogecoin fractal analysis | Source: X @Cryptollica
Will History Repeat For Dogecoin?
The pitch is basically: zoom out, stop staring at intraday noise, and look at the cycle cadence. In his framing, Zones 1 and 2 were the “boredom phases,” the stretches where volatility dried up, price rounded out a base, and the market slowly rotated from weak hands to more patient holders. Zone 2, he says, was the launchpad that ultimately led into the 2021 face-melter.
“Zones 1 & 2: These were the ‘boredom phases’ where volatility died, and smart money accumulated,” he wrote. “Zone 2 specifically was the launchpad for the massive 2021 parabolic run. Zone 4 (Current Price Action): We are seeing the exact same rounding bottom formation.”
That “rounding bottom” bit matters, because it’s not the dramatic reversal traders love to screenshot. It’s the opposite. It’s price stabilizing, forming a heavy base, refusing to break down — and doing it slowly enough that most people stop paying attention. Which, again, is kind of the point.
Then there’s the RSI argument, and it’s the cleaner one. Cryptollica highlighted a weekly RSI floor around the low-30s area, suggesting DOGE has repeatedly found major cycle bottoms when momentum reset to that band.
“Look at the RSI indicator at the bottom. The red line (~32 level) acts as a historical floor,” he wrote. “Every single time the weekly RSI touched or hovered near this baseline (Points 1, 2, and 3), it marked a macro bottom. Now: The RSI has reset back to this critical support level.”
That’s the “sellers are exhausted” claim — not because a candle says so today, but because the longer-term momentum gauge has already done the full trip down to where DOGE previously stopped bleeding out and started building again.
And he’s not being subtle about what comes next, at least in the cleanest version of the fractal.
“This isn’t just random noise; it’s a cyclical reset,” Cryptollica wrote. “The chart suggests we are in the ‘Golden Pocket’ for accumulation. If the fractal plays out like it did in 2020 (Zone 2), the current price action is simply the calm before the storm.”
To be clear, fractals aren’t guarantees. DOGE isn’t trading in a vacuum, and the macro/liquidity backdrop can absolutely mess with tidy historical comparisons. But if history repeats for DOGE, the best days could be ahead.
At press time, Dogecoin traded at $0.13294.
DOGE needs to overcome the red zone, 1-week chart | Source: DOGEUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com
2025-12-22 21:184mo ago
2025-12-22 16:054mo ago
Helen of Troy Limited Announces Earnings Release Date, Conference Call, and Webcast for Third Quarter Fiscal Year 2026 Results
EL PASO, Texas--(BUSINESS WIRE)--Helen of Troy Limited (NASDAQ: HELE), designer, developer, and worldwide marketer of branded consumer home, outdoor, beauty, and wellness products, today announced that the Company will release its third quarter fiscal year 2026 results before the stock market opens on Thursday, January 8, 2026. The Company will conduct a conference call to discuss its third quarter fiscal year 2026 results on the same day, Thursday, January 8, 2026, at 9:00 a.m. Eastern Time. T.
2025-12-22 21:184mo ago
2025-12-22 16:004mo ago
Here's Why The XRP Price Will Shine In The New Year
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
XRP has spent the past few weeks on a downtrend after a bullish cycle earlier in the year, and this has left traders divided between caution and anticipation. However, as the year draws to a close, the interest in the altcoin is gradually changing from short-term volatility to what the new year could bring.
Interestingly, technical insights using the Relative Strength Index suggest that the current price action may be setting the stage for the token to shine in 2026, even if the market is not quite ready to reveal its hand just yet.
RSI Signals Point To A Completed Dip
One of the arguments supporting a bullish outlook comes from the 3-day Relative Strength Index highlighted by Dark Defender. According to the analyst, the RSI has already dropped into a zone that is known to indicate completed price corrections for XRP. This is because similar RSI conditions in 2024 were highlighted by periods before its price action returned decisively to the upside.
The chart accompanying his analysis shows XRP stabilizing near a horizontal support region, and this fits with the RSI flattening near oversold territory. According to the analyst, this type of structure suggests exhaustion on the sell side, even if price action continues to trade sideways in the next couple of days.
Source: Chart from Dark Defender on X
Speaking of stabilizing near a support region, XRP is currently trading around the $1.86 to $1.90 price range, which aligns closely with the 1.618 Fibonacci extension highlighted on the chart at approximately $1.8815. This support level aligns with a projection using the Elliott Wave Theory, and this contributes to the notion that the XRP price will rebound to the upside any time soon.
Building The Base For A Surge
In addition to the RSI momentum indicator, XRP’s price structure on the chart analyzed by Dark Defender supports the idea that the cryptocurrency is forming a base. The visual Elliott Wave count on the 3-day timeframe shows that the recent decline fits within a corrective sequence on sub-impulse wave 5. Interestingly, this sub-wave is an extension of a fourth impulse wave that traces its origin as far back as early 2025.
According to the Elliott Wave theory, this fourth impulse wave is expected to be followed by an impulsive Wave 5 that resolves to the upside. The projected impulse path on the chart shows how a confirmed breakout from this structure could push XRP into a massive rally. The price target in this case is around the 2.618 Fibonacci extension, which is marked at $5.85.
Dark Defender also linked this technical setup to timing, pointing out that the period around Christmas and the New Year could coincide with improving sentiment, and XRP will shine after the holidays. He also pointed to upcoming scarcity as another factor, which might be referring to the projected longer-term implications of Spot XRP ETFs.
XRP trading at $1.92 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.
2025-12-22 21:184mo ago
2025-12-22 16:014mo ago
The Biggest Bitcoin and Crypto Treasury Plays of 2025
In brief
Corporate crypto treasuries scaled rapidly in 2025 as firms across sectors copied Strategy’s model, raising billions to buy Bitcoin, Ethereum, and Solana.
Strategy, Forward Industries, BitMine, The Ether Machine and Metaplanet emerged as the year’s defining treasury players, using debt, equity, and preferred shares to fund large positions.
Analysts told Decrypt that conviction and execution, not headline exposure, has separated durable treasury strategies from speculative balance-sheet risks as they head into 2026.
This year marked the first time the playbook of the top Bitcoin corporate holder, Strategy, was replicated at scale, with companies across sectors building major treasuries in Bitcoin, Ethereum, and Solana through formal capital-raising pipelines.
As that playbook spread across sectors and geographies, five companies in particular helped shape how corporate treasuries approached crypto in 2025.
Here’s a closer look at the extent to which the biggest firms in the space went all-in this year.
Strategy (MSTR)Michael Saylor's Strategy (formerly MicroStrategy) bought its first Bitcoin in August 2020 when shares traded at $14.44.
Five years later, the company holds 660,624 BTC as of December 15, valued at $62 billion, with its share price up 1,204%, according to Yahoo Finance data. This year, Strategy bought Bitcoin using a mix of debt and equity.
February: $2 billion bond sale
Strategy bought 20,365 BTC at $97,514 in February, funded through $2 billion in zero-coupon convertible bonds. The bonds don't pay interest but convert to stock at maturity in 2030.
Initially, the market reacted negatively, as Strategy's stock fell 2.37% on the announcement day, but it later recovered.
March: $1.92 billion during trade war
Strategy grabbed 22,048 BTC at $87,000 in March as President Donald Trump's trade war with China had rattled markets and knocked Bitcoin down from its highs.
The company raised $1.2 billion by selling stock and another $1.85 million through STRK, a new perpetual preferred stock product it introduced in January.
April: $1.42 billion stock sale
Strategy bought 15,355 BTC for $1.42 billion in April by selling 4 million shares. Nearly all the money, approximately 97%, came from stock sales rather than debt.
This approach works when Strategy's stock trades at a value above the value of its Bitcoin holdings.
If MSTR's market cap is higher than its Bitcoin value, then the company can sell shares and buy more Bitcoin than those shares represent, thereby boosting the Bitcoin-per-share value for existing holders.
But in November, Strategy's market cap fell below its Bitcoin holdings, making future stock sales dilutive rather than accretive.
July: $2.5 billion STRC launch
Strategy’s most significant raise came in July with the launch of STRC, a perpetual preferred stock paying monthly dividends that the company used to fund a 21,021 BTC purchase.
It marked the third preferred product Strategy introduced this year, following STRF and STRK, and the first time a Bitcoin treasury firm issued a monthly dividend-paying preferred share on a U.S. exchange.
The firm spent billions this year as part of its "21/21 Plan"—a three-year goal to raise $21 billion through equity and $21 billion through debt.
Joshua Chu, a lawyer, lecturer, and co-chair of the Hong Kong Web3 Association, told Decrypt that the timing of this year’s crypto treasury plays raised red flags with many firms following Strategy’s playbook.
"Several listed companies piled into digital asset treasury strategies just as Bitcoin was at or near all-time highs," Chu said. “Many of the most aggressive proposals were of the same kind that Hong Kong's exchange had already rejected earlier in the year on listing-rule and prudential grounds."
Multiple struggling firms made “swing for the fences” allocations despite having “no general need” to hold crypto, given they had no intention of using it for actual projects, Chu said.
Forward Industries (FORD)Forward Industries completed a pivot in September when the medical device accessories company became the world's largest Solana treasury.
The New York company raised $1.65 billion through a private placement backed by Galaxy Digital, Jump Crypto, and Multicoin Capital, using almost all of it to buy 6,822,000 SOL at $232 per token.
Forward's stock rose 1.32% on the news, with the company immediately filing to raise an additional $4 billion through stock sales for "working capital, pursuit of its Solana token strategy, and the purchase of income-generating assets."
By November, Forward held 6,910,568 SOL, by far the most extensive Solana treasury among public companies such as SOL Strategies, DeFi Development Corp., and Upexi.
Jad Comair, CEO and founder of Melanion Capital, which was behind Europe's first private Bitcoin treasury model, told Decrypt that 2026 is likely to become a “altcoin treasury year.”
With "the broader crypto universe" typically lagging Bitcoin, he said firms that buy BTC often "extend the playbook.”
BitMine Immersion Technologies (BMNR)BitMine, led by Tom Lee, built the largest publicly traded Ethereum treasury by buying aggressively during market chaos.
In October, BitMine bought 203,826 ETH for $963 million during a post-tariff crypto selloff that wiped out $19 billion in leveraged positions and sent ETH down to $3,709.
As of December 15, the total ETH holdings of Bitmine stood at 3.8 million, worth over $12 billion, according to StrategicETHReserve.xyz. BitMine's stock jumped 4.35% to $54 after the October purchase, though it had fallen from above $60 during the selloff.
The company ranks as the second-largest crypto treasury globally, behind only Strategy's Bitcoin holdings. It also holds $22 million in Bitcoin and $239 million in other investments, as of December 15, along with about $1 billion in cash.
Comair quipped that large-scale crypto treasury allocations are becoming structural rather than cyclical.
"Companies moved from opportunistic buys to incorporating formal treasury policy," he said. "The combination of fair-value accounting, institutional-grade custody, and ETF liquidity rails means these allocations are no longer 'experiments.'"
Asked whether corporate treasuries will continue this trend in 2026, Comair said "board-level FOMO" will drive adoption.
Once Bitcoin rebounds, "no CFO wants to be the one who ignored the cheapest balance-sheet trade of the cycle,” he said.
The Ether Machine (ETHM)The Ether Machine raised $654 million in August when longtime Ethereum backer Jeffrey Berns invested 150,000 ETH and joined the board.
The company holds 495,362 ETH as of December 15, worth over $1.4 billion, making it the third-largest Ethereum treasury behind BitMine and SharpLink Gaming.
The Ether Machine was formed in June through a merger between The Ether Reserve and blank-check firm Dynamix Corporation.
The company debuted on the Nasdaq in July and started trading under the ticker ETHM in August. Unlike passive holders, the firm stakes its ETH and uses decentralized finance strategies to generate yield.
MetaplanetTokyo Exchange-listed Metaplanet bought 5,419 BTC for $632.53 million in September at $116,724 per coin, through a $1.45 billion international share offering.
As of December 15, Metaplanet holds 30,823 BTC, valued at $2.7 billion, and ranks fourth behind Strategy, Marathon Digital, and Twenty One Capital, according to Bitcoin Treasuries data.
This year, the company set an ambitious target to acquire an additional 100,000 BTC next year and 210,000 BTC by 2027, or roughly 1% of Bitcoin's total possible 21 million supply.
The company operated hotels and technology businesses until 2024, when it pivoted to focus on Bitcoin. The strategy earned it the nickname "Asia's MicroStrategy” for following Saylor’s Strategy playbook.
In the endComair noted the most common risk-management mistake this year came from companies that "broke their own narrative, or executed without conviction."
The clearest missteps came from companies that “panicked” or reversed course, he said, calling out New York exchange-listed chipmaker Sequans, which bought Bitcoin, then sold it to pay off debts, revealing “no long-term view.”
"The biggest mistake of 2025 was not volatility, it was inconsistency," he noted. "Investors reward clarity and conviction. They punish hesitation."
“There is no general need for corporates with no concrete plans to deploy crypto in support of projects, products, or on-chain infrastructure to hold significant crypto right now,” Hong Kong Web3 Association’s Chu noted.
“For these issuers, crypto is not a strategic input; it is a source of avoidable earnings volatility and correlated liquidity risk,” he said.
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2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Permian Resources Announces Corporate Reorganization to Further Strengthen Its Best-In-Class Shareholder Alignment and Advance Towards Up-C Simplification
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (NYSE: PR) (“Permian Resources,” “we,” “us,” “our” or the “Company”) today announced a corporate reorganization pursuant to which Permian Resources' management team members and other long-term holders are exchanging their Class C shares for Class A shares. This transaction better aligns management ownership with public investors, enhances the ability of management team members to maintain peer-leading ownership and advances Permian.
2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Apollomics Reports First Half 2025 Financial Results
FOSTER CITY, Calif., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Apollomics Inc. (Nasdaq: APLM) (“Apollomics” or the “Company”), a late-stage clinical biopharmaceutical company developing multiple oncology drug candidates to address difficult-to-treat and treatment-resistant cancers, today announced financial results for the first half of 2025 ended June 30, 2025.
First Half 2025 Financial Results Ended June 20, 2025
Cash, cash equivalents, bank deposits and money market funds as of June 30, 2025, were $2.1 million, compared to $9.8 million as of December 31, 2024. Based on current projections, the Company believes its cash position is sufficient to fund planned operations into the third quarter of 2026.Research and development (R&D) expenses were $4.6 million, including share-based compensation of $0.8 million, for the first half of 2025, compared to $16.9 million, including share-based compensation of $3.7 million, for the first half of 2024.General and administrative (G&A) expenses were $14.5 million, including share-based compensation of $2.5 million, for the first half of 2025, compared to $10.2 million, including share-based compensation of $4.5 million, for the first half of 2024.Net loss for the first half of 2025 was $(12.5) million, or $(11.37) per basic and diluted share, compared to a net loss of $(35.2) million, or $(37.53) per basic and diluted share, for the first half of 2024. About Apollomics Inc.
Apollomics Inc. is an innovative clinical-stage biopharmaceutical company focused on the discovery and development of oncology therapies with the potential to be combined with other treatment options to harness the immune system and target specific molecular pathways to inhibit cancer. Apollomics’ lead program is vebreltinib (APL-101), a potent, selective c-Met inhibitor for the treatment of non-small cell lung cancer and other advanced tumors with c-Met alterations, which is currently in a Phase 2 multicohort clinical trial in the United States and other countries.
For more information, please visit www.apollomicsinc.com.
This press release includes statements that constitute “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding Apollomics’ strategy, prospects, plans, objectives and anticipated outcomes from the development and commercialization of vebreltinib are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “seek,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. In addition, Apollomics cautions you that the forward-looking statements contained in this press release are subject to unknown risks, uncertainties and other factors, including those risks and uncertainties discussed in the Annual Report on Form 20-F for the year ended December 31, 2025, filed by Apollomics Inc. with the U.S. Securities and Exchange Commission (“SEC”) under the heading “Risk Factors” and the other documents filed, or to be filed, by Apollomics with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Apollomics has filed and will file from time to time with the SEC. Forward-looking statements speak only as of the date made by Apollomics. Apollomics undertakes no obligation to update publicly any of its forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law.
Investor Contacts
Peter Lin, Chief Financial Officer
Apollomics, Inc.
1-650-209-4055 [email protected]
APOLLOMICS INC.CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION
(All amounts in thousands of $)
As of June 30, 2025
(Unaudited) As of
December 31, 2024 Non-current assets Plant and equipment, net $10 $92 Right-of-use assets 670 927 Intangible assets, net 228 1,737 Rental deposits 82 75 Total non-current assets 990 2,831 Current assets Deposits, prepayments and deferred expenses 835 501 Accounts receivable 7,200 — Cash and cash equivalents 2,094 9,766 Total current assets 10,129 10,267 Total assets 11,119 13,098 Current liabilities Other payables and accruals 10,269 7,166 Lease liabilities, current portion 203 233 Total current liabilities 10,472 7,399 Net current (liabilities) assets (343) 2,868 Total assets less current liabilities 647 5,699 Non-current liabilities Lease liabilities, non-current portion 541 733 Warrant liabilities at fair value through profit and loss (“FVTPL”) 486 102 Other non-current liabilities 4,018 — Total non-current liabilities 5,045 835 Net (liabilities) assets (4,398) 4,864 Equity Share capital 11 11 Share premium 666,528 666,528 Reserves 42,422 39,148 Accumulated deficits (713,359) (700,823)Total (deficit) equity $(4,398) $4,864 APOLLOMICS INC.CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (UNAUDITED)
(All amounts in thousands of $, except for per share data)
Six Months Ended June 30, 2025 2024 Revenue $8,500 $— Other income 83 1,737 Foreign exchange losses (77) (2)Fair value change of financial assets at FVTPL — 198 Fair value change of financial liabilities at FVTPL (384) 164 Research and development expenses (4,620) (16,926)Administrative expenses (14,488) (10,153)Impairment of intangible assets (1,500) (10,000)Finance costs (35) (134)Other expense (14) (90)Loss before taxation (12,535) (35,206)Income tax expenses (1) 0 Loss and total comprehensive loss for the period, net of taxation,
attributable to owners of the Company $(12,536) $(35,206)Loss per share Basic loss per common share $(11.37) $(37.53)Diluted loss per common share $(11.37) $(37.53)Weighted average number of common shares outstanding – Basic and Diluted 1,103 938
2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Talkspace to Participate in the 44th Annual J.P. Morgan Healthcare Conference
NEW YORK, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Talkspace (Nasdaq: TALK), a leading behavioral healthcare company, today announced that Dr. Jon Cohen, Chief Executive Officer, and Ian Harris, Chief Financial Officer, will participate in the 44th Annual J.P. Morgan Healthcare Conference, being held in San Francisco, including a presentation at 7:30am PST on Thursday, January 15, 2026.
A webcast link and related presentation materials will be available on Talkspace’s Investor Relations Website: https://investors.talkspace.com/.
About Talkspace
Talkspace (NASDAQ: TALK) is a leading virtual behavioral healthcare provider committed to helping people lead healthier, happier lives through access to high-quality mental healthcare. At Talkspace, we believe that mental healthcare is core to overall health and should be available to everyone.
Talkspace pioneered the ability to text with a licensed therapist from anywhere and now offers a comprehensive suite of mental health services, including therapy for individuals, teens, and couples, as well as psychiatric treatment and medication management (18+). With Talkspace’s core therapy offerings, members are matched with one of thousands of licensed therapists within days and can engage in live video, audio, or chat sessions, and/or unlimited asynchronous text messaging sessions.
All care offered at Talkspace is delivered through an easy-to-use, fully-encrypted web and mobile platform that meets HIPAA, federal, and state regulatory requirements. Most Americans have access to Talkspace through their health insurance plans, employee assistance programs, our partnerships with leading healthcare companies, or as a free benefit through their employer, school, or government agency.
HAIFA, Israel , Dec. 22, 2025 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) ("ZIM" or the "Company") today provided an investor update on its strategic review process.
2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Maison Solutions Reports Second Quarter and Six Month 2026 Financial Results
MONTEREY PARK, CA / ACCESS Newswire / December 22, 2025 / Maison Solutions Inc. (NASDAQ:MSS) ("Maison Solutions" or the "Company"), a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise, today announced financial results for the second quarter and six months ended October 31, 2025.
Management Commentary
John Xu, Chief Executive Officer of Maison Solutions commented: "Over the past few months, we've begun to activate our Worldcoin treasury initiative, made progress on our acquisition pipeline, and most importantly, taken initial steps to strengthen our financial profile. Our goal for the second half of the fiscal year is to further optimize our financial health. To that end, we plan to explore divesting our low performing stores and investments. While these potential divestitures may have a modest impact on our overall top-line results, we expect that the resulting margin and profitability improvements will be far more meaningful. Ultimately, our objective is to focus on operating profitable stores in California and Arizona."
"The acquisition of profitable grocery stores and related businesses remains a key component of our growth strategy. We are currently conducting ongoing due diligence on several stores to evaluate their suitability for acquisition. The stores we are reviewing are operating profitability, serve our target demographic customers, and would align with our overall objectives. In addition, we are exploring opportunities in food distribution businesses similar to Dai Chong Trading to further optimize supply chain operations. Our intention is to remain disciplined and strategic, focusing on profitable targets that strengthen our bottom-line and support long-term growth."
"As part of activating our Worldcoin and digital asset treasury strategy, investment in technology will be a long-term initiative. We believe technology will play a crucial role in enhancing operational efficiency and ultimately strengthen financial performance. Although the rollout of this strategy is intended to be phased over the long term, we are currently in early-stage discussions with some artificial intelligence and robotics company. We look forward to making meaningful progress toward our strategic goals and further optimizing our business and financial performance."
Second Quarter 2026 Financial Results
Total net revenues for the second quarter were $27.6 million compared to $29.4 million in the same period last fiscal year. The decrease was primarily driven by decreased sales of Maison Monterey Park and Maison Monrovia, partly offset by increased sales at Maison San Gabriel and Lee Lee stores.
Net revenues from perishable goods for the second quarter were $14.4 million compared to $15.1 million in the same period last fiscal year. Net revenues from non-perishable goods for the second quarter were $13.2 million compared to $14.2 million in the same period last fiscal year.
Total cost of revenues for the second quarter was $21.2 million compared to $21.5 million in the same period last fiscal year. The decrease was primarily from Maison Monrovia, Maison San Gabriel, and Maison Monterey Park, partly offset by increased cost of revenues from Lee Lee stores.
Gross profit for the second quarter was $6.5 million, while gross margin was 23.4%. Gross profit for the same period last fiscal year was $7.9 million, while gross margin was 26.9%. The decrease was primarily due to an increase in cost of goods sold due to inflation while keeping products' selling price at a constant level or with a minimum increase for certain products to remain competitive.
EBITDA for the second quarter was $(4.2) million compared to $0.7 million in the same period last fiscal year.
Net loss attributable to Maison Solutions for the second quarter was approximately $5.0 million, compared to a net loss of approximately $256,000 for the same period last fiscal year. The decrease was primarily driven by a $2.4 million loss on note conversion stemming from digital asset mark-to-market adjustments amid current crypto market volatility, along with lower revenues and increased operating expenses compared to the prior year period.
Six Month 2026 Financial Results
Total net revenues for the first six months of fiscal 2026 were $54.8 million compared to $57.5 million in the same period last fiscal year. The decrease was primarily due to decreased sales of the Company's California-based supermarkets due to high competition from nearby Asian supermarkets and decreased sales of Lee Lee stores.
Net revenues from perishable goods for the first six months of fiscal 2026 were $28.6 million compared to $29.6 million in the same period last fiscal year. Net revenues from non-perishable goods for the first six months of fiscal 2026 were $26.2 million compared to $28.0 million in the same period last fiscal year.
Total cost of revenues for the first six months of fiscal 2026 was $41.8 million compared to $41.5 million in the same period last fiscal year. The increase was primarily from Lee Lee stores partly offset by decreased cost of revenues from the Company's three California-based supermarkets.
Gross profit for the first six months of fiscal 2026 was $13.0 million, while gross margin was 23.7%. Gross profit for the same period last fiscal year was $16.0 million, while gross margin was 27.9%. The decrease was primarily due to the increased cost of goods sold due to inflation.
EBITDA for the first six months of fiscal 2026 was $(4.7) million compared to $2.4 million in the same period last fiscal year.
Net loss attributable to Maison Solutions for the first six months of fiscal 2026 was approximately $6.5 million, compared to a net income of approximately $445,000 for the same period last fiscal year. The decrease was primarily driven by a $2.4 million loss on note conversion stemming from digital asset mark-to-market adjustments amid current crypto market volatility during the second quarter, along with lower revenues and increased operating expenses compared to the prior year period.
For more information regarding Maison Solution's financial results, including financial tables, please see our Form 10-Q for the second quarter ended October 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on December 22, 2025. The Company's SEC filings can be found on the SEC's website at https://www.sec.gov/ or the Company's investor relations site at https://investors.maisonsolutionsinc.com/.
About Maison Solutions Inc.
Maison Solutions Inc. is a U.S.-based specialty grocery retailer offering traditional Asian food and merchandise, particularly to members of Asian-American communities. The Company is committed to providing Asian fresh produce, meat, seafood, and other daily necessities in a manner that caters to traditional Asian-American family values and cultural norms, while also accounting for the new and faster-paced lifestyle of younger generations and the diverse makeup of the communities in which the Company operates. Since its formation in 2019, the Company has acquired equity interests in four traditional Asian supermarkets in the Los Angeles, California area, operating under the brand name HK Good Fortune, and three supermarkets in the Phoenix and Tucson, Arizona metro areas, operating under the brand name Lee Lee International Supermarket. To learn more about Maison Solutions, please visit the Company's website at www.maisonsolutionsinc.com. Follow us on LinkedIn and X.
Non-GAAP Financial Measures
As required by the rules of the Securities and Exchange Commission ("SEC"), we provide reconciliations of EBITDA, a non-GAAP financial measure, contained in this press release to the most directly comparable measure under GAAP, which reconciliations are set forth in the table below.
Maison Solutions Inc. uses a variety of operational and financial metrics, including non-GAAP financial measures such as EBITDA to enable it to analyze its performance and financial condition. EBITDA excludes items that may not be reflective of, or are unrelated to, the Company's core operating performance, and may assist investors with comparisons to prior periods and assessing trends in our underlying business. Because EBITDA is a non-GAAP financial measure, other companies may calculate EBITDA differently, and therefore our measures may not be comparable to similarly titled measures used by other companies. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. EBITDA should only be used as a supplemental measure of our operating and financial performance.
This press release contains "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, copies of which are available on the SEC's website at www.sec.gov. Maison Solutions undertakes 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 the date of this release, except as required by law.
Investor Relations Contact:
Gateway Group, Inc.
+1-949-574-3860
[email protected]
SOURCE: Maison Solutions, Inc.
2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Mineral Road to Acquire Additional Interest in Golcap Resources
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Mineral Road Discovery Inc. (CSE: ROAD) (the "Company" or "ROAD") announces that it has entered into an agreement to acquire a further 2,000,000 shares of Golcap Resources Corp. (CSE: GCP) ("GCP") from a related party seller (the "Share Purchase Agreement"), representing an additional 6.2% of GCP, in consideration for 5,000,000 units of ROAD, with each ROAD unit issued at a deemed value of $0.10 per ROAD unit consisting of one common share and one share purchase warrant entitling the holder to purchase one common share of ROAD for the next 2 years at an exercise price of $0.20. GCP is a company listed on the Canadian Securities Exchange ("CSE"). It is a Canadian based exploration company focused on the acquisition and development of gold assets in politically stable and resource friendly jurisdictions. The Company notes that one of its directors, Garry Stock, is also a director of GCP.
The acquisition will be considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") because the seller under the Share Purchase Agreement is a private company that is controlled by a director (Damien Reynolds) of the Company. The Company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25% of the Company's market capitalization.
The closing of the acquisition remains subject to the Company's completion of its filing requirements with the CSE, and approval by the CSE, as may be required. The common shares and warrants issued upon closing of the acquisition will be subject to a four month hold period in accordance with applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
This news release contains statements that are considered "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements") with respect to ROAD including, but not limited to, statements with respect to closing of the acquisition of GCP shares. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although ROAD believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Risk factors are identified in the Company's management discussion and analysis, available on the Company's SEDAR+ profile at www.sedarplus.ca. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of ROAD's management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278865
Source: Mineral Road Discovery Inc.
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2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Regeneron Announces Presentation at the 44th Annual J.P. Morgan Healthcare Conference
TARRYTOWN, N.Y., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) will webcast its presentation at the 44th Annual J.P. Morgan Healthcare Conference on Monday, January 12, 2026. The presentation is scheduled for 2:15 p.m. Pacific Time (5:15 p.m. Eastern Time) and may be accessed from the "Investors & Media" page of Regeneron's website at http://investor.regeneron.com/events-and-presentations. A replay and transcript of the webcast will be archived on the Company's website for at least 30 days.
About Regeneron
Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, neurological diseases, hematologic conditions, infectious diseases, and rare diseases.
Regeneron pushes the boundaries of scientific discovery and accelerates drug development using our proprietary technologies, such as VelociSuite®, which produces optimized fully human antibodies and new classes of bispecific antibodies. We are shaping the next frontier of medicine with data-powered insights from the Regeneron Genetics Center® and pioneering genetic medicine platforms, enabling us to identify innovative targets and complementary approaches to potentially treat or cure diseases.
For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X.
Contact Information:
Investor Relations
Ryan Crowe
914.847.8790 [email protected]
Corporate Communications
Christina Chan
914.847.8827 [email protected]
2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Results of Operations for the Three Months Ended September 30, 2025 - American Overseas Group Limited Announces Net Income Of $2.8 Million For the Three Months Ended September 30, 2025
HAMILTON, Bermuda, Dec. 22, 2025 (GLOBE NEWSWIRE) -- American Overseas Group Limited BSX: AORE.BH) (Pink Sheets: AOREF.PK) (“AOG” or the “Company”) today reported consolidated net income available to common shareholders of $2.8 million, or $60.56 per diluted share, for the three months ended September 30, 2025. This compares to consolidated net income available to common shareholders of $3.4 million, or $73.42 per diluted share, for the three months ended September 30, 2024. Book value per weighted share at September 30, 2025 was $1,209.44, an increase from the book value per weighted share of $969.27 at September 30, 2024.
For the three months ended September 30, 2025, net earned property and casualty premiums decreased $1.5 million from $13.7 million a year ago to $12.2 million.
Quarter to Date fee income increased $0.2 million from $5.0 million to $5.2 million and gross written premiums increased $12.8 million, moving from $232.6 million to $245.4 million. Quarter to Date Loss and loss adjustment expenses as a percentage of earned premium decreased from 57.4% to 56.4%.
For the three months ended September 30, 2025, operating expenses increased $0.6 million from $2.5 million to $3.1 million due to a $0.6 million return of funding collateral in the prior year quarter.
As part of its ongoing capital management efforts, the Company will continue to redirect excess capital within the group to debt reduction. In the 3rd quarter of 2025 the Company reduced the outstanding principal balances in its 12% and 9% Senior Secured Notes by $3.0 million and $0.7 million respectively for a total debt reduction of $3.7 million, reducing total outstanding debt from $20.8 million to $17.1 million as of September 30, 2025. Additionally, The Company reduced the outstanding principal balance of its 12% Senior Secured Notes by $1.3 million in 4th quarter of 2025, reducing total outstanding debt to a balance of $15.8 million. The Company expects to take additional steps towards leverage reduction unless other compelling opportunities arise.
Forward-Looking Statements
This release contains statements that may be considered "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, the Company's expectations respecting the volatility of its insured portfolio, losses, loss reserves and loss development, the adequacy and availability of its liquidity and capital resources, its current run off strategy, its strategy for writing other reinsurance businesses and its expense reduction measures. These statements are based on current expectations and the current views of the economic and operating environment and are not guarantees of future performance. A number of risks and uncertainties, including economic competitive conditions, could cause actual results to differ materially from those projected in forward-looking statements. The Company's actual results could differ materially from those expressed or implied in the forward-looking statements.
Information About the Company
American Overseas Group Limited is an insurance holding company incorporated in Bermuda and a tax resident of the United Kingdom. Its operating subsidiaries provide specialty property/casualty insurance, reinsurance and insurance management services in the United States. More information can be found at www.aoreltd.com.
American Overseas Group LimitedConsolidated Balance Sheets(unaudited)As at September 30, 2025 and December 31, 2024(dollars in thousands)
September 30, 2025 December 31, 2024 Assets Investments: Fixed-maturity securities held as available for sale, at fair value $154,810 $143,633 Equity investments held as available for sale, at fair value 1,036 - Cash and cash equivalents 47,865 46,600 Restricted cash 3,406 4,861 Accrued investment income 1,223 1,029 Premiums receivable 221,841 211,771 Deferred insurance premiums 309,526 267,765 Reinsurance balances receivable, net 446,578 413,541 Deferred policy acquisition costs 10,161 10,215 Intangible assets 4,800 4,800 Goodwill 33,050 33,050 Other assets 7,599 3,972 Total Assets $1,241,895 $1,141,237 Liabilities and Equity Liabilities: Loss and loss expense reserve $432,543 $421,018 Deferred commission income 7,140 7,154 Unearned premiums 321,574 281,176 Ceded premium payable 240,930 209,033 Payable to general agents 425 276 Funds withheld 135,275 126,839 Accounts payable and accrued liabilities 25,956 26,256 Notes payable 17,083 20,771 Non-owned interest in VIE 300 300 Interest payable 531 578 Deferred tax liability 3,320 1,956 Total Liabilities 1,185,077 1,095,357 Shareholders' Equity: Common shares 4,698 4,698 Additional paid-in capital 189,179 189,179 Accumulated other comprehensive income (loss) (2,234) (3,561) Retained deficit (134,825) (144,436) Total Shareholders' Equity 56,818 45,880 Total Liabilities and Equity $1,241,895 $1,141,237 See Notes to September 30, 2025 Consolidated Financial Statements available on American Overseas Group Ltd. Website at www.aoreltd.com American Overseas Group Limited Consolidated Statements of Operations (unaudited) (dollars in thousands, except share and per share amounts) Three months ended
September 30, Nine months ended
September 30, 2025 2024 2025 2024 Revenues Net premiums earned $12,214 $13,716 $38,350 $37,266 Fee income 5,202 5,023 17,005 16,093 Net investment income 543 421 1,505 918 Net realized gains on investments (1) 42 (7) 47 Other income 66 22 117 59 Total revenues 18,024 19,224 56,970 54,383 Expenses Losses and loss adjustment expenses 6,889 7,877 21,396 22,207 Acquisition expenses 3,887 4,030 12,012 11,182 Operating expenses 3,062 2,462 9,477 8,680 Interest expense 532 578 1,688 1,734 Total expenses 14,370 14,947 44,573 43,803 Pre-tax net profit (loss) $3,654 $4,277 $12,397 $10,580 Income tax (expense) (809) (828) (2,786) (2,293) Net profit (loss) available to common shareholders 2,845 3,449 9,611 8,287 Net profit (loss) per common share: Basic $60.56 $73.42 $204.58 $176.39 Diluted 60.56 73.42 204.58 176.39 Weighted-average number of common shares outstanding: Basic 46,979 46,979 46,979 46,979 Diluted 46,979 46,979 46,979 46,979 See Notes to September 30, 2025 Consolidated Financial Statements available on American Overseas Group Ltd. Website at www.aoreltd.com
2025-12-22 21:174mo ago
2025-12-22 16:054mo ago
Horizon Bank Announces Appointment of Senior Vice President, Director of Human Resources, Pam Zarazee
MICHIGAN CITY, Ind., Dec. 22, 2025 (GLOBE NEWSWIRE) -- Horizon Bank, a commercial banking subsidiary of Horizon Bancorp, Inc. (NASDAQ GS: HBNC), announced today the appointment of Pam Zarazee as the Senior Vice President, Director of Human Resources.
As Director of Human Resources, Zarazee will be responsible for leading Horizon Bank’s human resource function and will have oversight of the Bank’s talent management, employee engagement, and compensation functions. In her role, she will also join Horizon Bank’s Senior Leadership Team and engage with Horizon’s Executive team, helping to advance Horizon Bank's winning, Advisor-driven culture.
“Pam’s proven experience in employee development and engagement, succession planning, HR technology, and compensation design will quickly bring significant value to the organization as she works alongside the highly talented team within our current HR department,” President and CEO Thomas Prame stated. “Throughout her career across a variety of industries, Pam has been recognized as a leader focused on enhancing company culture through employee-focused talent plans, establishing platforms for meaningful two-way employee feedback, and aligning people strategies with business goals. She has also been acknowledged for her thoughtful development and implementation of training curriculums, M&A integration, and benefit design.”
"I am truly honored to join Horizon Bank and look forward to collaborating with such a talented team across all areas of the bank. I’m excited to contribute to a growing organization that values its people and their development," stated Zarazee.
Zarazee earned a Bachelor of Science in Human Resources and Business from Indiana University and a Master’s degree from the University of Notre Dame.
About Horizon Bancorp, Inc.
Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $6.7 billion-asset commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon's retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana's Michigan City, is available at horizonbank.com and investor.horizonbank.com.
Contact: Thomas Prame
Chief Executive Officer and President
Phone: (219) 814-5983
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2025) - Tajiri Resources Corp. (TSXV: TAJ) (the "Company") is providing results from the Company's Annual General Meeting of Shareholders held December 22nd in New Westminster, British Columbia, Canada.
During the meeting shareholders of the Company unanimously:
Appointed De Visser Gray LLP as the auditor of the Company for the financial year ending April 30, 2026, and authorized the board of directors to fix the remuneration of the auditor;Ratified and approved the Company's new 10% rolling stock option plan;Elected Messrs. Graham Keevil, Dominic O'Sullivan, Robert Power, Bilal Bhamji and Roger Connors to the board of Directors until the next Annual General Meeting.Subsequent to the annual meeting, the board of directors appointed the following people as officers of the corporation until the next AGM:
Mr. Graham Keevil, President and Chief Executive Officer;Bilal Bhamji, Chief Financial Officer.On Behalf of the Board,
Tajiri Resources Corp.
Graham Keevil,
President & CEO
About Tajiri
Tajiri Resources Corp. is a junior gold exploration and development Company with exploration assets located in the emerging premier gold destination of Guyana, South America. Lead by a team of industry professionals with a combined 100 plus years' experience - 40 of that in Guyana; and a track record of discovering ~20 million ounces of gold in Western Australia, West Africa and Guyana- the Company's goal is to generate the highest possible returns for shareholders through exploration and discovery.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278868
Source: Tajiri Resources Corp.
2025-12-22 21:174mo ago
2025-12-22 16:084mo ago
INTEGRA ANNOUNCES FULL CONVERSION AND REPAYMENT OF BEEDIE CAPITAL CONVERTIBLE DEBENTURE
, /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce the full conversion and repayment of the Beedie Investment Ltd. ("Beedie Capital") convertible debenture facility (the "Facility"). Pursuant to the terms of the Facility credit agreement, as amended, the Company issued a total of 12,295,081 common shares at a deemed price per common share of C$1.6875 (US$1.22) to retire the full US$15 million principal amount drawn under the Facility and paid US$2,896,712 in accrued interest and standby fees. In connection with the conversion and repayment of the Facility, the Facility has been retired and certain assets secured under the Facility have been released. There are no further amounts due or owing to Beedie Capital under the Facility.
George Salamis, President, CEO and Director of Integra commented: "Beedie Capital has been an important partner to Integra since our earliest days, and their continued support speaks volumes. The full conversion of the convertible debenture into equity following the recently announced Feasibility Study results for DeLamar is a strong vote of confidence in the strength of the study and the long-term value of the Company. This transaction also materially strengthens our financial position by eliminating the convertible debt from our balance sheet, leaving Integra debt-free at the corporate level as we move forward into permitting and future development at DeLamar."
Nora Pincus, Managing Director at Beedie Capital commented: "Our decision to voluntarily convert the Facility in full into common equity reflects our conviction in Integra, the quality of the DeLamar asset, and the value demonstrated in the recently announced Feasibility Study. We thank George Salamis and his team for their hard work and the value created during Beedie Capital and Integra's more than five-year partnership. Over that period, Integra has grown from an early-stage, single-asset developer into a producer with multiple robust, near-term exploration and development projects in premier U.S. jurisdictions."
Early Warning Disclosure for Beedie Capital
Immediately prior to the completion of the conversion of the Facility, Beedie Capital, directly or indirectly, would own or control a total of 6,790,681 common shares, representing approximately 4.01% of the issued and outstanding common shares of the Company on a non-diluted basis, and assuming conversion in full of the US$15 million of advances under the Facility in accordance with the terms of the Facility credit agreement and 1,250,000 common share purchase warrants in Integra ("Warrants") held by Beedie Capital, 20,335,762 common shares, representing approximately 11.12% of the issued and outstanding common shares of the Company on a partially diluted basis. Immediately following the completion of the conversion of the Facility, Beedie Capital, directly or indirectly, would own or control a total of 19,085,762 common shares, representing approximately 10.51% of the issued and outstanding common shares of the Company on a non-diluted basis, and assuming conversion in full of 1,250,000 Warrants held by Beedie Capital, 20,335,762 common shares, representing approximately 11.12% of the issued and outstanding common shares of the Company on a partially diluted basis. A copy of the early warning report relating to the foregoing conversion of the Facility will be available under Integra's profile on SEDAR+ at www.sedarplus.ca, and may also be obtained by contacting Beedie Investments Limited at 604-435-3321. Beedie Capital's head office is located at Suite 900 - 1111 West Georgia St. Vancouver, BC V6E 4M3.
About Integra Resources
Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.
ON BEHALF OF THE BOARD OF DIRECTORS
George Salamis
President, CEO and Director
CONTACT INFORMATION
Corporate Inquiries: [email protected]
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576
Forward Looking Statements
Certain information set forth in this news release contains "forward‐looking statements" and "forward‐looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward‐looking statements). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Except for statements of historical fact, certain information contained herein constitutes forward‐looking statements which includes, but is not limited to, statements with respect to: the future financial or operating performance of the Company.
Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's mineral properties economic; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward‐looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward‐looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 26, 2025 for the fiscal year ended December 31, 2024, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.
Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE Integra Resources Corp.
2025-12-22 21:174mo ago
2025-12-22 16:084mo ago
Coinbase Bets on Predictions With The Clearing Company Purchase
Coinbase is expanding its new prediction markets business by acquiring The Clearing Company.
The acquisition, announced Monday (Dec. 22), comes days after Coinbase said it would begin offering access to prediction markets in the U.S.
“Prediction markets let people trade on real-world events across everything from elections and the economy to sports and culture,” the company said on its blog. “We have an opportunity to enable millions of customers around the world to seamlessly participate in prediction markets right alongside their cash, crypto, equities, and derivatives portfolios.”
Coinbase’s new offering is happening in partnership with Kalshi. By acquiring The Clearing Company, the platform gets “the specialized talent needed to take this category further,” the blog post added.
The Clearing Company is led by founder Toni Gemayel, who Coinbase described as “a visionary product and growth leader who helped shape the modern prediction markets landscape.”
The company says its prediction market effort is part of its planned “Everything Exchange,” where users can trade every asset class.
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In related news, Coinbase last week sued Connecticut, Michigan and Illinois, challenging each state’s efforts to control or prohibit prediction markets. The company argues that the markets fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC) and not individual state gaming regulators.
“Some states think prediction markets fall outside the CFTC’s jurisdiction when they relate to sports,” Paul Grewal, Coinbase’s chief legal officer, wrote last week in a post on the X social media platform. “But Congress deliberately chose to exclude only a handful of specific underliers—including ‘onions’ and ‘motion picture box office receipts’—from the definition of ‘commodity.’ This makes clear that all other subjects (including sporting events) fall within the CFTC’s scope.”
PYMNTS reported earlier this month that prediction markets are the latest flash point between federal and state regulators. While real-time prediction markets technically fall under the purview of the CFTC, an increasing number of states have moved to shut down the markets they see as unlicensed or illegal gambling operations.
“Fueling the controversy is the explosive growth in online prediction markets and the flow of venture capital money into the industry,” the report said. “Total trading volumes exceeded $28 billion globally in 2025, with weekly peaks of $2 billion, and the largest market, Kalshi, is valued at $11 billion.”
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2025-12-22 21:174mo ago
2025-12-22 16:104mo ago
Alphabet to buy Intersect Power to bypass energy grid bottlenecks
Google parent Alphabet has agreed to buy Intersect Power, a data center and clean energy developer, for $4.75 billion in cash plus the assumption of the company’s debt.
The acquisition, which was announced Monday, will help Alphabet expand its power generation capacity alongside new data centers without having to rely on local utilities that are struggling to keep up with the demand of AI companies. Securing access to energy that powers data centers has become a critical part of training AI models.
Alphabet previously held a minority stake in Intersect Power after Google and TPG Rise Climate led an $800 million strategic funding round in the company last December. That partnership set a target of $20 billion in total investment by 2030.
The acquisition includes Intersect’s future development projects, but excludes its existing operation, which will be bought out by other investors and managed as a separate company.
Intersect’s new data parks, which are essentially locations next to wind, solar, and battery power, are expected to be operational late next year and fully completed by 2027, Google said when it announced its minority investment.
The transaction is expected to close in the first half of next year.
Google will be the primary user. However, Intersect’s campuses are designed as industrial parks that can host other companies’ AI chips alongside Google’s.
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2025-12-22 21:174mo ago
2025-12-22 16:114mo ago
Gold and silver prices reached record highs today. Here's what's next for 2026
Gold and silver prices rose to record highs in early trading on Monday, spurred on by a confluence of a few different political events and economic factors, including tensions over the U.S. seizing of possibly another oil tanker from Venezuela, speculation of future Federal Reserve rate cuts, overall economy insecurity, and bets on U.S. monetary policy in 2026.
Victoria, British Columbia--(Newsfile Corp. - December 22, 2025) - ALUULA Composites Inc. (TSXV: AUUA) (OTCQB: AUUAF) ("ALUULA" or the "Company") is pleased to announce that effective today, the Company's common shares have commenced trading on the OTCQB® Venture Market ("OTCQB") under the ticker symbol "AUUAF". The Company's common shares will continue to trade on the TSX Venture Exchange under the symbol AUUA.
This listing enhances accessibility for U.S.-based investors and supports broader exposure of the company's stock within the North American investment community. OTCQB is the Venture Market tier of the U.S. over-the-counter markets operated by OTC Markets Group. It is intended for international growth-stage companies that are current in their reporting and meet defined eligibility standards. With this listing, investors can now find real-time quotes and market information for ALUULA under www.otcmarkets.com in addition to the investor page of the Company's website or with the TSX at www.tsx.com.
The Company also announces that, pursuant to the share option plan, it has granted 200,000 stock options to its newly appointed CFO, with each option exercisable into one common share at a price of $3.30 per share until November 30th, 2030.
About ALUULA Composites
ALUULA is an ultra-light, high performance and recycle-ready composite materials brand that enhances the performance of outdoor gear as well as commercial and industrial equipment. Proudly owned and manufactured on the Canadian west coast, ALUULA's innovation is driven by a deep understanding that equipment does not need to sacrifice performance for sustainability. ALUULA's materials are known for their unique construction capabilities and their ability to make products lighter, stronger, and more sustainable.
aluula.com | (TSXV: AUUA) (OTCQB: AUUAF)
ALUULA's Brand Partners
The term "brand partners" does not refer to formal partnerships with our customers. The term refers to marketing relationships with our customers who use ALUULA's technology as a brand ingredient in their products.
TSX Venture Exchange
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
The information in this news release includes certain information and statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements, including statements regarding the Company's growth strategy, expansion of its investor base, and the anticipated benefits of trading on the OTCQB. These statements are based on assumptions subject to significant risks and uncertainties as described in the Company's management discussion and analysis. Because of these risks and uncertainties and as a result of a variety of factors, including the timing and receipt of all applicable regulatory, corporate third-party approvals, the actual results, expectations, achievements, or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278851
Source: ALUULA Composites Inc.
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2025-12-22 21:174mo ago
2025-12-22 16:154mo ago
Is Microsoft Undervalued by Investors? These Tech Stock Experts Think So.
Key Takeaways
Wedbush analysts wrote Monday that Microsoft stock has room to run in 2026 after it has recently pulled back from October's record highs.Investors are still "underestimating" how much value Microsoft's Azure cloud computing services could add as the AI industry continues to grow, the analysts said.
Microsoft (MSFT) stock has set a number of records this year, and analysts think that trend can continue well into 2026.
Wedbush analysts led by Dan Ives, who is particularly bullish on the artificial intelligence trade, wrote Monday that Microsoft remains undervalued as the new year approaches. The analysts reiterated their "outperform" rating and $625 price target, upside of nearly 30% from the stock's Monday levels.
The analysts wrote that investors are still "underestimating" how much Microsoft's Azure cloud computing service could grow if the AI industry continues expanding as Wedbush expects. The analysts project that Azure and Microsoft's Copilot AI assistant could add $25 billion in sales to Microsoft's results through fiscal 2026.
"We believe Microsoft is set to have a massive 2026 and the stock is a compelling buy at these levels," the analysts wrote, as they expect Microsoft to play a "foundational role" in the next stages of AI development.
Wedbush analysts aren't alone, as all but one of the 13 analysts with current ratings tracked by Visible Alpha rate Microsoft a "buy," with the other calling it a "hold." The average price target among those analysts is $635, even higher than Wedbush's target, indicating the expectation that Microsoft stock will rise well above the records it set earlier this year.
The AI trade has had a rocky last several weeks as investors and analysts have raised an increasing number of questions over whether the circular nature of funding in the AI industry is sustainable, and when tech companies could potentially see a return on the billions they have invested in the tech.
Microsoft shares were little changed in late-afternoon trading Monday. They have gained about 15% since the start of the year, but are roughly 10% below their most recent record closing high, set just before the company's last earnings report in October.
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2025-12-22 21:174mo ago
2025-12-22 16:154mo ago
Largest bilateral gold trade in history? China buys nearly $1 billion in bullion from Russia in November alone
Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.
Microsoft CEO Satya Nadella is reportedly unhappy with an element of his company’s artificial intelligence (AI) progress.
That’s according to a report Monday (Dec. 22) from The Information, citing an in-house email reviewed by the publication.
That message was from Nadella to Microsoft engineers working on a consumer version of the company’s artificial intelligence (AI) assistant Copilot. A manager on the email thread pointed out Google Gemini’s progress in connecting that chatbot to Google Drive for certain tasks.
Nadella, however, seemed unhappy with the way Microsoft’s version of that technology had performed thus far, saying that the company’s programs for connecting Copilot with Gmail and Outlook “for [the] most part don’t really work” and are “not smart,” the report added.
A spokesperson for Microsoft declined to comment when reached by PYMNTS.
According to The Information, the last few months have seen the CEO become Microsoft’s “most influential product manager,” telling employees in September that he would delegate some duties as he focused more on the company’s AI products.
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Sources told the news outlet that Nadella has become active in an internal Teams channel for roughly 100 of Microsoft’s top technical staff, posting often when he thinks AI products are falling short. He also holds a weekly hourlong meeting with many of those same workers, grilling them about their jobs, said a source who had listened to those meetings.
“He wants to minimize his distractions to stay focused on what Microsoft needs to do for AI,” said Madrona Venture Group managing partner S. Somasegar, a former Microsoft executive and friend of Nadella.
In other Microsoft news, PYMNTS wrote Monday about the company’s views on AI in the banking sector following a recent blog post in which it argued that financial services firms are entering a decisive phase in AI adoption.
Within that phase, the company argued, success is less about experimentation and more to do with reconfiguring core business processes around agentic AI.
Microsoft points to an IDC study it had commissioned that showed that firms that embed AI agents but still keep humans in the loop are seeing returns on AI investments roughly three times greater than slower adopters.
“Microsoft identifies five predictors for AI success in 2026: anchoring AI initiatives to value creation, building AI fluency across the workforce, expanding innovation across multiple business functions, embedding responsible AI and regulatory readiness as competitive advantages, and modernizing data foundations to support scale.
The company also spotlighted “real-world examples, from insurers using AI agents to resolve large volumes of customer calls autonomously to banks investing heavily in skilling programs that drive daily AI usage,” PYMNTS added.
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2025-12-22 20:174mo ago
2025-12-22 14:264mo ago
3M to showcase industry-advancing solutions, new AI-powered innovation tool at CES 2026
The company's booth will highlight tools and technologies that power sharper displays, lighter cars, and more reliable data centers
, /PRNewswire/ -- 3M (NYSE: MMM) innovates critical solutions for the world's leading companies and at CES 2026 it will showcase the latest technologies for the interconnected industries of consumer electronics, automotive, advanced manufacturing, and data center. The company will also debut an artificial intelligence (AI)-powered tool to accelerate customer innovation, powering businesses to experiment, simulate and create with 3M materials like never before.
"3M is reigniting our innovation engine and focusing research and development on high-impact markets as we increase introduction of new products," said William Brown, 3M Chairman and CEO. "At CES, we'll highlight how 3M is merging the capabilities of AI with our deep technological and manufacturing expertise to further accelerate the innovation process, solve engineering challenges, and deliver smarter, more resilient products."
From batteries and display films to advanced manufacturing and thermal management, CES attendees will see how 3M solutions keep the world moving, computing, and connecting—ultimately turning bold ideas into reality at scale.
3M's industry solutions on display at CES
Consumer Electronics
3M materials help create devices that are more capable, functional, and efficient to assemble, repair and recycle, allowing customers to design without limits
3M solutions provide asset protection, helping designs hold up against dirt, dust, moisture, heat, EMI, and mechanical stress
Automotive
3M solutions for bonding and head-up, driver, and passenger displays are helping to create the immersive and integrated interiors of the future
From thermal management and lightweighting materials to battery and safety solutions, 3M is advancing the next generation of vehicles with efficient power and high performance
Advanced Manufacturing
From upfront monitoring of material mixtures to custom adhesive extrusion, 3M solutions deliver production line efficiency and agility
3M's diverse portfolio of personal protection equipment helps companies improve worker health and safety
Data Centers
3M's cable preparation and performance monitoring solutions drive faster, more efficient builds by reducing installation time and strengthening energy pathways
From sensors that provide real-time data on electrical grid performance to high-speed copper and expanded beam optics that reliably power high-speed data transfer, 3M technologies offer critical support for next-generation computing
On the Mobility Stage: how virtual materials are transforming automotive innovation
The growing convergence of automotive with consumer electronics, software, and advanced manufacturing is redefining industry collaboration models and the innovation process. To discover how virtual materials and virtual testing are compressing development cycles, expanding design choice, and de–risking product launches, join 3M, Audi AG, and Synopsys for an insightful panel discussion on the CES Mobility Stage:
What: "Accelerating Product Development with Virtual Materials and Simulation"
Who:
Drita Roggenbuck, president, transportation and energy vertical, 3M
Geoffrey Bouquot, chief technology officer, Audi AG
Judy Curran, senior chief technologist, automotive, Synopsys
When: Wednesday, Jan. 7 from 1:30-2:00pm PST
Where: Mobility Stage, West Hall, Las Vegas Convention Center
In the North Hall: redefining the factory of the future
In a panel conversation hosted by the National Association of Manufacturers (NAM) and the Manufacturing Leadership Council (MLC), global leaders from 3M, EY, and EMD Electronics will discuss how their companies are transforming production, innovation, and supply chains in response to the convergence of consumer technology and advanced manufacturing. Together, they will illustrate how data, AI, manufacturing 4.0 technologies, and consumer expectations are reshaping factories of the future.
What: "Beyond AI: The Technologies Powering the Future of Manufacturing"
Who:
Adam Cooper, principal, EY
Jeff Puma, content director, National Association of Manufacturers
Jon Van Wyck, executive vice president and chief strategy officer, interim president of enterprise operations, 3M
Michelangelo Canzoneri, global head of group smart manufacturing, EMD Electronics
When: Wednesday, Jan. 7 from 2:45-3:15pm PST
Where: N261, North Hall Level 2, Las Vegas Convention Center
Visit 3M and discover the solutions driving industries forward
Booth #8505, North Hall, Las Vegas Convention Center
To learn more or to schedule a meeting at CES, please email [email protected]
About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.
SOURCE 3M Company
2025-12-22 20:174mo ago
2025-12-22 14:304mo ago
TSLA Autonomous Driving Success Putting Bulls in Driver's Seat for 2026
@LikeFolio's Andy Swan shows what he considers eye-opening statistics for Tesla's (TSLA) autonomous driving safety. His firm's data found that supervised autonomous driving was more than two times safer than having a human at the wheel.
2025-12-22 20:174mo ago
2025-12-22 14:314mo ago
Waymo service resumes after errors cause issues in San Francisco
Bank of America Chair and CEO Brian Moynihan says the US consumer is in "pretty good shape" going into 2026. Speaking with David Westin on Bloomberg Television, Moynihan also says the Federal Reserve will have room to cut rates next year.
2025-12-22 20:174mo ago
2025-12-22 14:354mo ago
3 Reasons Palantir Is Unavoidable in AI Infrastructure by 2026
Palantir Technologies Inc. NASDAQ: PLTR continues to be a polarizing stock. Despite being up more than 155% in 2025, many investors remain concerned about the company’s valuation.
Palantir Technologies Today
PLTR
Palantir Technologies
$192.88 -0.51 (-0.26%)
As of 03:17 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$63.40▼
$207.52P/E Ratio459.39
Price Target$172.28
That’s understandable, even for investors used to richly priced technology stocks, PLTR stock trades at an expensive valuation. But investors who are solely focused on valuation may be missing the larger story.
Get Palantir Technologies alerts:
Palantir is rapidly becoming a must-have platform for both public and private sector companies that are looking to monetize artificial intelligence (AI). That's why investors should have confidence that Palantir’s growth story is still in the early stages.
But it’s also fair to say that the honeymoon phase is likely over. The parabolic move that PLTR stock has made since trading under $20 is transitioning into a more mature phase of growth. However, growth is still growth, and many analysts believe that a $500 price target in the next three to five years is not only possible, but probable.
Here are three reasons to believe that Palantir has earned its status as a core AI infrastructure stock in 2026 and beyond.
AIP Adoption Is Helping Palantir Scale Profitability
Palantir has become a profitable company. But it’s also showing that it can grow its earnings year-over-year (YOY). A key reason for that growth is the company’s AIP platform. This is allowing companies to extract insights from the data they’re collecting that they can’t get anywhere else.
A concern among analysts is how and when companies will be able to monetize their capex spend in artificial intelligence (AI). With platforms like AIP, Palantir is answering both the how and the when, which is right now.
A key reason why companies are making Palantir their first call is that the company’s platforms are allowing companies to find cost savings, but also to generate actionable insights they can’t get anywhere else.
This is making Palantir an essential part of the AI infrastructure story from the software side. Much of the focus is on the hardware side. However, investors should be paying attention to a company that is providing the picks and shovels on the software side, and one of those names is Palantir.
Commercial Revenue Continues to Grow
One of the objections to Palantir has been the company’s reliance on government contracts. However, that’s becoming a worn-out talking point. In its most recent quarter, Palantir posted U.S. commercial revenue growth of over 121% YOY and over 29% from the prior quarter.
The company's split between commercial and government revenue isn’t quite 50/50, but it’s getting closer. There’s also no doubt that its more explosive growth is coming on the commercial side.
Palantir Technologies Inc. (PLTR) Price Chart for Monday, December, 22, 2025
Government Contracts Grow Palantir’s ARR
An important distinction to make regarding Palantir’s commercial revenue is that it’s not coming at the expense of its government revenue. Palantir’s government business was up 55% YOY in the last quarter.
The nature of these contracts creates a powerful driver of annual recurring revenue (ARR) because Palantir’s platforms are embedded in long-term, mission-critical contracts with high renewal rates. U.S. and allied government agencies use Palantir’s Gotham and Foundry platforms for defense, intelligence, border security, healthcare, and disaster response. These use cases are difficult and costly to replace once deployed.
Government contracts are typically multi-year in nature and often expand over time as agencies add users, modules, and new operational workflows. This “land-and-expand” dynamic increases contract value and boosts ARR without requiring Palantir to constantly win new customers.
For example, in 2025, Palantir continued to grow its government ARR through expansions and renewals of long-term federal contracts, including added funding under the U.S. Army’s multi-year Vantage data and AI platform as its use broadened across logistics, readiness, and operational planning. It also signed a renewed and extended Gotham analytics agreement with U.S. Immigration and Customs Enforcement, reinforcing a recurring, mission-critical revenue stream with high visibility and strong retention.
As global defense spending rises and governments increasingly prioritize data integration and AI-driven decision-making, Palantir is well-positioned to secure contract extensions and new awards, reinforcing the government segment as a durable and growing source of ARR.
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2025-12-22 20:174mo ago
2025-12-22 14:374mo ago
Silver Roars: The Prospects For The SLVP ETF At A Record High
SummaryiShares MSCI Global Silver and Metals Miners ETF is rated a Buy, supported by parabolic silver price action and strong outperformance versus silver futures in 2025.SLVP surged 212.7% year-to-date, outperforming silver’s 137.8% rally, and maintains A+ momentum and dividend grades despite high volatility risk.Silver fundamentals remain bullish: persistent supply deficits, rising industrial demand, declining interest rates, and a weaker U.S. dollar underpin further upside potential.SLVP’s volatility warrants caution; tight stops are advised, as corrections could cause SLVP to underperform silver on a percentage basis. natatravel/iStock via Getty Images
I last wrote about the iShares MSCI Global Silver and Metals Miners ETF (SLVP) on Seeking Alpha on April 17, 2025, after the U.S. Trump administration announced its “Liberation Day” tariff
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.
The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis.
The author is long silver.
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.
2025-12-22 20:174mo ago
2025-12-22 14:424mo ago
SOXL vs. QLD: Two Ways to Leverage Tech, With Very Different Stakes
Both ETFs amplify technology gains, yet QLD leans on broad growth leadership while SOXL turns semiconductor cycles and daily leverage resets into the defining driver of returns
Triple leverage and a pure semiconductor focus set SOXL apart from broader tech ETFs, raising the stakes for tactical investors.
ProShares - Ultra QQQ (QLD) and Direxion Daily Semiconductor Bull 3X Shares (SOXL) both offer amplified exposure to tech, but SOXL takes risk to another level with triple leverage and a pure-play semiconductor focus, while QLD tracks the broader Nasdaq-100 with double leverage.
Both QLD and SOXL are designed for traders seeking turbocharged exposure to technology, but they differ sharply in both degree and focus. QLD aims to double the daily returns of the Nasdaq-100, while SOXL offers three times the daily moves of the NYSE Semiconductor Index, making it one of the most aggressive sector-leveraged ETFs available.
Snapshot (cost & size)MetricQLDSOXLIssuerProSharesDirexionExpense ratio0.95%0.75%1-yr return (as of 2025-12-17)22.41%47.86%Dividend yield0.18%0.53%Beta2.425.32AUM$10.63 billion$13.6 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months.
SOXL is slightly more affordable on expenses than QLD, and its dividend payout is modestly higher, though yield is not a primary focus for either fund.
Performance & risk comparisonMetricQLDSOXLMax drawdown (5 y)-63.78%-90.51%Growth of $1,000 over 5 years$2,400$1,195What's insideSOXL targets pure-play semiconductor exposure, with 100% of assets in technology and just 44 holdings. Its top positions include Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), and Nvidia (NASDAQ:NVDA), each accounting for less than 2% of assets. The fund has a track record stretching over 15 years, but its leverage resets daily. That means performance can deviate significantly from the index over periods longer than a day, especially in volatile markets.
QLD, by contrast, tracks the broader Nasdaq-100 Index, which remains heavily weighted toward technology (55%), but also includes meaningful allocations to communication services and consumer cyclical stocks. Top holdings feature Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT). QLD also uses daily leverage reset, so both funds are best suited for short-term tactical trades rather than long-term holding.
For more guidance on ETF investing, check out the full guide at this link.
What this means for investorsQLD and SOXL may both amplify technology exposure, but they express conviction in very different ways. QLD magnifies moves in the Nasdaq 100, a group of dominant companies backed by scale, recurring revenue, and strong access to capital. Volatility is still amplified, but it is spread across multiple business models rather than tied to a single industry outcome.
SOXL removes that cushion. Its performance depends entirely on semiconductors, where pricing, capital spending, and inventory conditions can change quickly. Triple leverage also accelerates each swing. When momentum builds, gains can stack fast. When conditions turn uneven, the daily reset makes timing and position management more influential than direction alone.
The choice between these funds comes down to how much control an investor wants to keep. QLD provides leveraged exposure to growth leadership with more flexibility around entry and exit. SOXL requires a tighter thesis and active oversight. Both ETFs reward different levels of precision in execution.
GlossaryLeverage: Use of borrowed money or financial derivatives to amplify investment returns, increasing both potential gains and losses.
ETF (Exchange-Traded Fund): An investment fund traded on stock exchanges, holding assets like stocks or bonds.
Daily leverage reset: The process of rebalancing a leveraged fund each day to maintain its target leverage ratio.
Max drawdown: The largest percentage drop from a fund's peak value to its lowest point over a specific period.
Expense ratio: The annual fee, as a percentage of assets, that a fund charges to cover operating costs.
Beta: A measure of an investment's volatility compared to the overall market, often using the S&P 500 as a benchmark.
Dividend yield: Annual dividends paid by a fund or stock, expressed as a percentage of its current price.
Nasdaq-100 Index: A stock market index of 100 of the largest non-financial companies listed on the Nasdaq exchange.
Semiconductor: A material or industry involved in making chips and electronic components essential for modern electronics.
AUM (Assets Under Management): The total market value of assets that a fund manages on behalf of investors.
Pure-play: A company or fund focused exclusively on a single industry or sector.
Total return: The investment's price change plus all dividends and distributions, assuming those payouts are reinvested.
2025-12-22 20:174mo ago
2025-12-22 14:464mo ago
Eni and BlackRock's Global Infrastructure Partners Finalize CCS Deal
Key Takeaways Eni completed the sale of a 49.99% stake in its CCS business to GIP, making the partners joint owners.E's CCS portfolio spans projects in the UK and the Netherlands, with potential to add new assets over time.The deal boosts Eni CCUS Holdings' finances and validates E's satellite business model.
Eni S.p.A (E - Free Report) , a leading Italian integrated energy firm, announced the completion of the sale of 49.99% equity stake in Eni CCUS Holding, its carbon capture and storage (CCS) business, to Global Infrastructure Partners (“GIP”), a part of BlackRock. The company has mentioned that all regulatory approvals associated with the transaction have been granted.
Eni CCUS Holding maintains a wide portfolio of low-carbon projects across Europe, which includes major projects like the Liverpool Bay and Bacton developments in the United Kingdom and the L10-CCS project in the Netherlands. Additionally, the company also has the right to acquire Eni’s 50% interest in the Ravenna CCS project in Italy. It may also add new CCS projects to its portfolio in the medium-to long run, enabling its expansion with the rise in demand for carbon capture services.
Following the completion of the sale, GIP and Eni are now joint owners of the CCS business. GIP’s inclusion, as a co-investor in Eni CCUS Holdings, enhances the company's financial strength and endorses the effectiveness of Eni’s strategy in the carbon capture and storage business. The partnership also helps consolidate and advance Eni CCUS Holdings’ development plan.
Eni CCUS Holding underscores Eni’s satellite business model, which involves joining hands with strategically aligned partners to support the growth and development of its businesses while maintaining its operational involvement. This approach has attracted growth capital toward its energy transition businesses, enabling Eni to share the risk and accelerate development. GIP's involvement also serves as an external validation of the growth potential and long-term value addition of its CCS business.
Carbon capture and storage has been described as a proven technological process that plays a significant role in the energy transition. It is currently assumed to be an effective process that helps decarbonize and reduce emissions while maintaining industrial activity, particularly in sectors that are difficult to decarbonize.
E’s Zacks Rank and Key PicksEni currently carries a Zacks Rank #3 (Hold).
Some top-ranked stocks from the energy sector are Oceaneering International (OII - Free Report) , Subsea7 S.A. (SUBCY - Free Report) and FuelCell Energy (FCEL - Free Report) . While Oceaneering currently sports a Zacks Rank #1 (Strong Buy), Subsea7 and FuelCell carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading provider of offshore equipment and technology solutions to the energy industry. OII’s proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth.
Subsea7 helps build underwater oil and gas fields. It is a leading player in the global offshore energy industry, providing engineering, construction and related services at offshore oil and gas fields. The long-term outlook for energy demand remains positive, and Subsea7’s focus on cost-efficient deepwater projects strengthens the position of its subsea business.
FuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.
2025-12-22 20:174mo ago
2025-12-22 14:464mo ago
Bet on These Top-Ranked Healthcare ETFs Before 2025 Ends
Key Takeaways U.S. healthcare challenged the S&P 500 in 2025, with biotech leading as the industry index rose 23.2%. GLP-1 drug breakthroughs, AI-driven efficiency and strong earnings beats fueled the sector's rally. ETF exposure offers diversified access as M&A activity and demographic tailwinds support 2026 growth.
As we approach the final weeks of 2025, the U.S. healthcare sector has transitioned from a defensive stalwart to a primary market leader. Evidently, while the S&P 500 has delivered a solid return of approximately 15% year to date, the U.S. healthcare index has been consistently challenging this benchmark, with specific sub-sectors like biotechnology outperforming the broader market by significant margins. Notably, the S&P 500 Biotechnology industry index has rallied 23.2% so far this year.
This dynamic has positioned top U.S.-focused healthcare exchange-traded funds (ETFs) offering a strategic blend of high-growth potential and recession-resistant stability, making them an essential addition to portfolios before the year-end.
However, before recommending any healthcare ETF for inclusion in your portfolio and delving into their specifics, it is important to examine what has driven the sector’s rally and assess whether it is sustainable. This analysis should help you make a more informed investment decision.
Factors Fueling the 2025 US Healthcare RallyThe U.S. healthcare sector's performance so far this year has been driven by distinct, powerful trends:
• Breakthrough Innovation and GLP-1 Adoption: A historic innovation cycle, particularly in anti-obesity and related cardiometabolic drugs (GLP-1s), created multibillion-dollar market opportunities and revitalized investor interest across the healthcare ecosystem, from pharmaceutical developers to medical device and diagnostic companies.
• Technological Integration: The practical application of Artificial Intelligence (AI) is moving beyond hype, enhancing clinical documentation, drug discovery and administrative processes. In particular, American biotech firms have successfully integrated autonomous AI systems to slash drug discovery timelines, which significantly boosted profit margins.
• Defensive Demand and Demographic Tailwinds: The sector's non-cyclical nature provides a buffer during economic uncertainty. This is underpinned by the long-term, structural demand from an aging U.S. population, which ensured steady growth in healthcare utilization and spending.
• Solid Earnings Beat: A JP Morgan report, published in early December, mentioned that the healthcare sector’s relative earnings revisions breadth, which measures the balance between upward and downward analyst estimate changes, has stabilized. Companies in the sector beat third-quarter estimates by 13%, well above the broad market’s 7%, representing the highest beat rate in at least two years.
• Solid M&A Activities: A wave of strategic acquisitions, fueled by private equity and large-cap pharma cash reserves, revitalized the healthcare sector this year. Examples include Johnson & Johnson’s (JNJ - Free Report) $14.6 billion acquisition of Intra-Cellular Therapies and Pfizer’s (PFE - Free Report) purchase of obesity drug maker Metsera for up to $10 billion following a competitive bidding process.
2026 OutlookAs we are set to enter 2026, the healthcare sector’s growth is expected to continue, led by non-acute care settings like ambulatory surgery and home health, value-based care models, and health services technology. Strategic mergers and acquisitions are likely to accelerate as companies seek scale and new capabilities.
With an aging population, increasing healthcare spending and the FDA on track for record approvals, the sector is primed for sustained outperformance in 2026.
However, the sector must navigate persistent challenges, including workforce shortages, rising costs, ongoing regulatory scrutiny as well as tariff impacts (with 39% of executives surveyed by Deloitte expecting them to affect their 2026 strategies as per a Forbes report).
U.S. Healthcare ETFs to BuyFor investors, the aforementioned complex landscape makes diversified exposure through ETFs a prudent strategy. It mitigates the risk associated with any single company's drug trial or regulatory decision while providing access to the sector's growth themes. With this in mind, here are three healthcare ETFs, with a major focus in the U.S. market, that offer distinct strategic approaches for the coming year.
State Street Health Care Select Sector SPDR ETF (XLV - Free Report)
This fund, with assets under management (AUM) worth $40.28 billion, offers exposure to 60 U.S.-based health care equipment and supplies; health care providers and services; biotechnology; life sciences tools and services; and health care technology companies. Its top three holdings include U.S.-based pharmaceuticals, Eli Lily (LLY - Free Report) (15.11%), JNJ (8.83%) and AbbVie (ABBV - Free Report) (7.12%).
XLV has gained 14.1% year to date. The fund charges 8 basis points (bps) as fees. It traded at a volume of 8.57 million shares in the last trading session and sports a Zacks ETF Rank #1 (Strong Buy).
Vanguard Health Care ETF (VHT - Free Report)
This fund, with net assets worth $17.7 billion, offers exposure to U.S. companies within the health care sector. Its top three holdings include LLY (12.39%), ABBV (4.85%) and JNJ (4.42%).
VHT has rallied 15.3% year to date. The fund charges 9 bps as fees. It traded at a volume of 0.38 million shares in the last trading session and sports a Zacks ETF Rank #1.
iShares U.S. Pharmaceuticals ETF (IHE - Free Report)
This fund, with net assets worth $841.4 million, offers exposure to 55 U.S. companies that manufacture prescription or over-the-counter drugs or vaccines. Its top three holdings include LLY (23.67%), JNJ (21.93%) and Bristol Myers Squibb (BMY - Free Report) (4.64%).
IHE has surged 32% year to date. The fund charges 9 bps as fees. It traded at a volume of 0.76 million shares in the last trading session and carries a Zacks ETF Rank #2 (Buy).
2025-12-22 20:174mo ago
2025-12-22 14:514mo ago
ExxonMobil Targets February Launch for Trinidad Seismic Survey
Key Takeaways XOM plans to start a seismic survey offshore Trinidad and Tobago as early as February 2026.ExxonMobil secured rights to explore the 2,700-square-mile TTUD1 block after six months of negotiations.Government officials pledged to fast-track permits to support the accelerated offshore exploration schedule.
The Energy Ministry of Trinidad and Tobago recently announced that Exxon Mobil Corporation (XOM - Free Report) plans to begin a seismic survey offshore Trinidad and Tobago as early as February 2026.
On Aug.18, 2025, following six months of negotiation, XOM secured a contract to explore a vast water area near the east coast of Trinidad and Tobago for oil and gas. According to government officials, the vast water area representing TTUD1 block covers more than 2700 square miles (7,000 square kilometers) with water depth of more than 6,500 feet (2,000 meters).
The updated schedule brings the project start forward from the previously anticipated second quarter of 2026, underscoring an accelerated execution plan by Exxon Mobil. In response, Trinidad and Tobago’s Energy Minister and senior government officials have affirmed their intention to fast-track permitting and approval processes to support timely execution
This seismic survey represents an early and critical stage of the exploration process, playing a key role in identifying locations where drilling may lead to oil and gas discoveries. If successful, XOM, presently carrying a Zacks Rank #3 (Hold), is expected to make huge investments in the coming days, thereby bringing stability to the business model with additional cash flow and increased investor appeal.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other key players in the integrated oil and gas space are BP p.l.c. (BP - Free Report) , Chevron Corporation (CVX - Free Report) and Eni S.p.A. (E - Free Report) , each carrying a Zacks Rank #3 at present.
BP, aleading integrated player, recently started early production at the Atlantis Drill Center 1 expansion. With the beginning of production at its seventh major project of 2025, BP has increased its daily production by 15,000 barrels of oil equivalent.
Chevron, headquartered in Houston, TX, is an integrated energy giant that operates across the entire value chain, from crude oil extraction to the refining of finished products. CVX aims to generate affordable, reliable and cleaner energy. In the United States, with operations spanning the Denver–Julesburg (DJ) Basin, the Permian Basin and other regions, Chevron expects to increase its production capacity from 2.6 million barrels of oil equivalent per day (MMBOED) in 2015 to 3.7 MMBOED by 2025.
Eni,headquartered in Rome, Italy, also operates across the entire energy value chain, from traditional fossil fuels to emerging energy technologies, with operations spread across the globe. Eni expects its 2025 daily production to be in the range of 1,710-1,720 barrels of oil equivalent, as disclosed in its third-quarter earnings release, up from the 1,700 barrels of oil equivalent forecast provided in its previous earnings update.
2025-12-22 20:174mo ago
2025-12-22 14:534mo ago
Paramount renews bid for Warner Bros, ensuring $40 billion Larry Ellison backing
The war for the future of Warner Brothers continues, as Paramount Skydance announced Monday an amended all-cash offer for the legacy movie studio. The offer includes an “irrevocable personal guarantee” from a major backer, Oracle billionaire Larry Ellison, to provide tens of billions in equity financing for the deal. It’s the latest move by Ellison’s son, David Ellison—the CEO of Paramount Skydance—to pry the potential acquisition loose from his competition, the streaming giant Netflix.
“Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount,” a Paramount press release published Monday states. The proposed equity financing had previously been included in Paramount’s offer, but the elder Ellison’s “personal guarantee” is new, the press release states.
The revamped offer comes a mere week after the WBD board rejected Paramount’s initial bid, favoring, instead, a previous deal with Netflix. That deal was announced on December 5th, outlining how the streamer would purchase the movie studio via a cash and stock option valued at $27.75 per WBD share, and a total enterprise value of $82.7 billion.
Three days after the Netflix deal was announced, Paramount launched a hostile bid valued at $108.4 billion, offering $30 per share. The WBD board rejected this offer, calling it “illusory” and claiming that Paramount had misled shareholders about the proposed deal’s financing. At the time of the rejection, the board noted that the deal with Netflix was “a binding agreement with enforceable commitments, with no need for any equity financing and robust debt commitments.”
Now, Paramount’s amended offer has been designed to “address WBD’s stated concerns regarding Paramount’s superior offer,” Paramount said. In October, CNBC reported that, prior to the Netflix deal, WBD had previously rejected three different takeover offers from Paramount.
“Paramount has repeatedly demonstrated its commitment to acquiring WBD,” said Paramount Skydance CEO David Ellison, in Monday’s press release. “Our $30 per share, fully financed all-cash offer was on December 4th, and continues to be, the superior option to maximize value for WBD shareholders. Because of our commitment to investment and growth, our acquisition will be superior for all WBD stakeholders, as a catalyst for greater content production, greater theatrical output, and more consumer choice.”
He added: “We expect the board of directors of WBD to take the necessary steps to secure this value-enhancing transaction and preserve and strengthen an iconic Hollywood treasure for the future.”
TechCrunch reached out to Warner Bros. Discovery for comment.
Lucas is a senior writer at TechCrunch, where he covers artificial intelligence, consumer tech, and startups. He previously covered AI and cybersecurity at Gizmodo.
You can contact Lucas by emailing [email protected].
Toronto, Ontario--(Newsfile Corp. - Le 22 décembre/December 2025) - Giant Mining Corp. 31DEC2025 Warrants listed on May 6, 2025 with an expiry date of December 31, 2025 will expire on December 31, 2025.
Settlement Terms: All trades on December 31 will be for cash same day.
The warrants will be halted at noon and delisted at market close December 31, 2025.
_________________________________
Giant Mining Corp. 31DEC2025 Les bons de souscription cotés le 6 mai 2025 avec une date d'expiration au 31 décembre 2025 expirera le 31 décembre 2025.
Conditions de règlement : Toute les transactions du 31 décembre seront en espèces le même jour.
Les bons de souscription seront arrêtés à midi et radiés à la clôture du marché le 31 décembre 2025.
Delist Date/Date de Retrait : Le 31 DEC 2025 Symbol/Symbole : BFG.WT.A
Source: Canadian Securities Exchange (CSE)
2025-12-22 20:174mo ago
2025-12-22 14:594mo ago
Bulls Double Down on Nvidia Stock Despite Tech Volatility
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2025-12-22 20:174mo ago
2025-12-22 15:004mo ago
Vystar® Reports, Following its First of its Kind Court Victory against EMA Financial, Inc. of $497,439.58 in Legal Fees and Costs Awarded.
Worcester, MA, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Vystar® Corporation (OTCQB: VYST) Vystar® is proud to report; Following its first of its kind court victory on behalf of Vystar Corp. (“Vystar”) against EMA Financial, Inc. (“EMA”), successfully having moving after four years of litigation to have dismissed EMA’s complaint against Vystar seeking damages “in excess of $4,226,187”. Vystar’s attorney, The Law Offices of Barry M. Bordetsky not only prevailed in defeating EMA’s appeal before the U.S. Court of Appeals for the Second Circuit—which sought to reinstate EMA’s breach-of-contract claim—but today secured $497,439.58 in legal fees and costs for Vystar.
Court Decision Link
Vystar wishes to take a moment to thank all of those involved in the work associated with this litigation. No issuer had previously succeeded in fighting back against EMA Financials’ breach of contract claims on these convertible notes.
Leading this charge for Vystar was its litigation counsel, Barry Bordetsky of The Law Offices of Barry M. Bordetsky. Barry’s work was strategic, methodical, nothing short of a full-fledged fight for Vystar in this David versus Goliath battle. It's rare to find a litigator so dedicated and talented that is willing to work with a small company, going above and beyond what was required in the fight for Vystar. Without such counsel protecting Vystar, the company very well may have fallen into similar circumstances of other micro-cap issuers sued by EMA Financial - - having judgments issued against them.
We would also like to thank Michael A. Refolo, of Mirick, O’Connell, DeMallie & Lougee, LLP, Vystar’s corporate counsel, and our accountants Janet M. Wornham and Margaret Proulx, CPA’s at Greenberg, Rosenblatt, Kull & Bitsoli, P.C.. for their hard work and efforts. In addition, we are grateful to Daniel R Roche of Marcum LLP who did much of the analysis work needed.
Partner
For additional information regarding the case or the court’s decision, please contact Barry M. Bordetsky at [email protected] or (212) 688-0008.
About Vystar Corporation:
Based in Worcester, Mass., Vystar® Corp. (OTCQB: VYST) is the owner of RxAir® UV light air purification products that destroy harmful airborne viruses and pathogens, Vytex® Natural Rubber Latex (NRL), and Fluid Energy Solutions. Vytex is a multi-patented, all-natural, raw material that contains significantly reduced levels of the proteins found in natural rubber latex for a stronger, more durable, yet environmentally safe, “green” and fully biodegradable product that can be used in a broad range of consumer and medical products. For more information, visit www.vystarcorp.com.
Forward-looking Statements: Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of VYST officials are “Forward-Looking Statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as “believes,” “anticipates,” “intends,” “plans,” “expects,” and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future VYST actions, product development and delivery, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and VYST has no specific intention to update these statements.
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Twitter: @ VystarCompany @ vytex
PITTSBURGH--(BUSINESS WIRE)--At its final meeting of the year, U. S. Steel's Board of Directors approved the funding for the full $350 million Gary Works blast furnace reline project. Relining Blast Furnace #14 is critical maintenance needed to allow Gary Works to continue to meet customer commitments and ensures the long-term iron making capabilities and capacities at Gary Works. Blast Furnace #14, the largest of four at Gary Works, produces iron for high-strength steel used in everything from.
2025-12-22 20:174mo ago
2025-12-22 15:004mo ago
Gibbens: NVDA "Pretty Cheap," 20% AVGO Rally Possible as SPX Nears 7,000
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TGI Transforms Environmental Liabilities into Strategic Mineral and Energy Assets
MIAMI, FL / ACCESS Newswire / December 22, 2025 / TGI SOLAR POWER GROUP (OTCMarkets:TSPG), a pioneer in sustainable technology research and environmental real estate development, along with its research arm TGI INSIGHTS, today unveiled a landmark strategic outlook: "Energy is Power, Power is Power: Navigating the Next Wave of Global Energy Sources."
The report signals a definitive "Great Decoupling" of water and energy, transforming the desalination plant from a massive energy consumer into a Circular Resource Hub-a facility that simultaneously produces fresh water, carbon-free power, and high-value battery minerals.
Economic Impact: Traditional Desalination vs. TGI Integrated Hub
The following table illustrates the shift from a single-revenue model (water sales) to a multi-commodity revenue model. By co-locating tire recycling and brine mining, the TGI Hub transforms "waste" into a series of high-margin products. TGI has gone into stragetic alliances with various companies from around theld enabling implementation of the following strategies, an additional information is forthcoming.
Revenue Component
Traditional RO Desalination
TGI Integrated Hub (SMR + Pyrolysis)
Economic Impact / Value Add
Primary Product
Fresh Water ($0.50-$1.20/m³)
Fresh Water ($0.45-$0.90/m³)
Lower OpEx: Waste heat from pyrolysis/SMR reduces electricity costs by 30-40%.
Waste Stream A
Brine (Environmental Liability)
Brine Mining: Lithium, Magnesium, Potassium
New Revenue: Brine minerals add an estimated $50M+ annual revenue per large plant.
Waste Stream B
N/A (Solid Waste)
Tire Pyrolysis: TPO, rCB, Green Steel
New Revenue: Turning "tipping fees" into Pyrolytic Oil (~$400/ton) and Carbon Black.
Energy Profile
High Grid Dependence (4-6 kWh/m³)
Energy Surplus: Syngas + SMR Thermal
Cost Neutrality: Plant becomes a net exporter of power or green hydrogen.
Carbon Profile
Carbon Intensive (Grid Mix)
Net Negative / Carbon Neutral
Tax Benefit: Avoids carbon taxes; eligible for high-value Carbon Credits.
For decades, desalination was viewed as an environmental burden due to its high energy footprint. TGI INSIGHTS reports that by 2030, this model will be obsolete. By integrating Small Modular Reactors (SMRs), Advanced Geothermal Systems, and now Waste-to-Energy (W2E) Pyrolysis and Advanced Tire Pyrolysis, we are entering an era of "self-powering" water infrastructure.
"We are no longer just making water," states Samuel Epstein, CEO of TGI. "Through the integration of SMRs and Waste-to-Energy, we are mining the ocean for minerals while simultaneously cleaning the planet of solid waste. It is a self-sustaining loop where the waste of one process is the fuel for the next."
The 2026-2050 Energy Roadmap: Role of the Champions
The future energy space will be a coordinated ecosystem rather than a competition between single sources. TGI INSIGHTS breaks down the transition into three phases:
TGI VISION 1: 2026-2030 - The Era of Integration
SMRs & Geothermal (The Clean Firm): These will replace fossil fuels as the "always-on" base for cities. SMRs provide the intense heat needed for water distillation, while Geothermal offers 24/7 uptime.
Waste-to-Energy (The Circular Engine): Utilizing advanced pyrolysis (such as TGI's tire-to-energy initiatives), urban waste is converted into syngas and thermal energy, providing a decentralized power source for desalination and hydrogen production.
The Generators (Osmotic Power/PRO): Plants will use Pressure Retarded Osmosis (PRO) to generate electricity from salt gradients, reclaiming up to 15% of total energy needs.
TGI VISION 2: 2030-2040 - The Rise of Chemical Fuels
Green Ammonia & Hydrogen: Ultrapure water from desalination will feed high-capacity electrolyzers. Waste-to-Energy byproducts will serve as catalysts and feedstock for green chemical production, making Green Ammonia the primary "liquid fuel" for global shipping.
TGI VISION 3: 2040-2050 - The "Infinite" Frontier
Magnetic Resonance & Gravity Power: Tracking breakthroughs in Medium Frequency Magnetics and Gravity Energy Storage for near-lossless energy transfer.
Future Energy Matrix: Ease of Integration & Scalability
To assist stakeholders in navigating this transition, TGI INSIGHTS has developed the Future Energy Matrix, comparing core technologies by their readiness and integration potential.
Energy Source
Baseload Reliability
Ease of Grid Integration
Primary Output
Circular Benefit
SMR (Nuclear)
100% (High)
Moderate
Electricity / Heat
Zero-carbon "Firm" Power
Waste-to-Energy
90% (High)
High
Electricity / Syngas
Landfill Reduction / Recycling
Geothermal
95% (High)
Low (Location Dependent)
Electricity / Heat
Minimal Surface Footprint
Solar / Wind
30% (Variable)
Moderate
Electricity
Low-cost Bulk Electrons
Osmotic (PRO)
85% (Medium)
High (Co-located)
Electricity
Brine Management
Brine Mining: The "Gold Mine" in the Water
The report offers a startling economic breakdown of "Brine Mining." As the world starves for EV battery materials, desalination reject-streams have become the most accessible source of minerals.
Mineral
Value to Market
The Shift
Lithium
Critical for EVs
Brine extraction is 30-50% cheaper than traditional mining.
Magnesium
Aerospace & Tech
Provides a secondary revenue stream that subsidizes water costs.
Strategic Salts
Industrial Feedstock
Turns a "waste problem" into a multi-billion-dollar commodity market.
Simple Terms: PROs and CONs
Fossil Fuels: Rapidly becoming "Stranded Assets" due to high carbon taxes.
Waste-to-Energy: The Immediate Winner for urban centers, solving the trash crisis while powering the grid.
Tire Recycling: The Economic Winner, turning a "dump fee" liability into a revenue-generating energy source.
SMR/Geothermal: The Winners of the Grid, providing the stability that keeps modern life running 24/7.
New Slogan:"Empowering Tomorrow with Sustainable Innovation"
Pro Forma: Integrated TGI Resource Hub (10,000 m³/day)
Projected Annualized Data (Base Year 2026)
The following projection assumes a facility processing 10,000 m³/day of seawater integrated with a 50-ton/day continuous tire pyrolysis unit and a Brine Mining module.
Revenue Stream
Annual Quantity
Unit Price (Est.)
Total Annual Revenue
Fresh Water Sales
3.65 Million m³
$0.85 / m³
$3,102,500
Pyrolytic Oil (TPO)
7,665 Tons
$450 / Ton
$3,449,250
Recovered Carbon Black
5,475 Tons
$150 / Ton
$821,250
Green Steel Scrap
1,825 Tons
$200 / Ton
$365,000
Lithium Carbonate (Li₂CO₃)
~35 Tons
$18,000 / Ton
$630,000
Magnesium Hydroxide
~4,200 Tons
$400 / Ton
$1,680,000
Carbon Credits (Net Zero)
25,000 Credits
$40 / Credit
$1,000,000
GROSS ANNUAL REVENUE
$11,048,000
Annual Operating Expenses (OpEx)
Energy (Internalized): $0 (Powered by SMR/Pyrolysis Syngas)
Labor & Maintenance: $1,850,000
Chemicals & Membranes: $750,000
Waste Feedstock (Tire Tipping Fees): -$365,000 (Revenue from collection)
Total OpEx:$2,235,000
Net Operating Income (NOI):$8,813,000Projected ROI Period:4.2 Years (Based on $38M estimated CapEx)
About TGI INSIGHTS:
TGI INSIGHTS is the research division of TGI GROUP, dedicated to delivering data-driven analysis and strategic foresight on global trends in technology, energy, and corporate strategy.
About TGI Solar Power Group Inc.
TGI SOLAR POWER GROUP INC. is a diversified holding company focused on acquiring innovative patented technologies, components, processes, designs, and methods with commercial value. Our mission is to create sustainable habitats that enhance the quality of life while respecting our planet. For more information, please visit: www.TGIPOWER.com
New Slogan: "Empowering Tomorrow with Sustainable Innovation"
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects,"
"Anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. We undertake no duty to update any forward- looking statement, or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about TGI Solar Power Group Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source.
Safe Harbor statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market.