Latest news for Core Assets (OTC:CCOOF) Stock

Core Assets Corp is an exploration-stage company. The company is engaged in the acquisition, exploration, development, and mining of mineral properties. It is focused on the exploration of copper and silver. Its only project includes the Silver Lime project, the Laverdiere project, and the Kim Skarn project.

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CCOOF

3D Magnetic Model Reveals Extensive Mineralization

Core Assets Corp

Tempur Sealy International, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPX#NYSE">TPX</a>, ", Company", or ", Tempur Sealy", )))) today provided an update with respect to the Company's agreement to acquire Mattress Firm Group Inc. ("Mattress Firm"), which is currently being challenged in federal court by the Federal Trade Commission ("FTC").
The litigation process continues to progress, with hearings currently scheduled to begin on November 12, 2024, and expected to last two weeks. The Company continues to believe that a successful litigation process can be completed in the coming months, which would allow the transaction to close in late 2024 or early 2025, consistent with previous expectations.
In conjunction with the planned Mattress Firm acquisition, Tempur Sealy has entered into a purchase agreement with MW SO Holdings Company, LLC ("Mattress Warehouse"), a leading independently owned bedding specialty retailer, for the sale of 73 Mattress Firm retail locations and the Company's Sleep Outfitters subsidiary, which includes 103 specialty mattress retail locations and seven distribution centers.
Mattress Warehouse is a multi-branded retailer offering a full array of mattresses at various price points. Tempur Sealy will continue to supply its Tempur-Pedic, Stearns &amp; Foster, and Sealy products to the divested Mattress Firm and Sleep Outfitters stores. The divestiture is subject to the closing of Tempur Sealy's acquisition of Mattress Firm and other customary closing conditions. It is expected to close approximately one quarter after the closing of the Mattress Firm transaction.
Company Chairman and CEO Scott Thompson commented, "As part of our engagement with the FTC on the proposed acquisition of Mattress Firm, we conducted a divestiture process, which led to an agreement with Mattress Warehouse, a company with extensive mattress retail experience, a strong capital base, and a capable leadership team."

Government

Regulations

Tempur Sealy Moves Forward with Mattress Firm Acquisition, FTC Court Hearings Set for November

Tempur Sealy intends to use the proceeds from the Term Loan B, together with cash available and proceeds from other debt, to fund the cash consideration for the previously announced acquisition of Mattress Firm Group Inc.. Tempur Sealy intends to draw on the Term Loan B concurrent with the closing of the Mattress Firm acquisition.

Tempur Sealy Launches Proposed Senior Secured Term Loan B Facility In An Aggregate Principal Amount Of Up To $1.6B

Keybanc analyst Jackson Ader maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Overweight and raises the price target from $300 to $345.

Price Target

Analyst Ratings

CRWD

Keybanc Maintains Overweight on CrowdStrike Holdings, Raises Price Target to $345

Keybanc analyst Sangita Jain maintains Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Overweight and raises the price target from $230 to $265.

Keybanc Maintains Overweight on Constellation Energy, Raises Price Target to $265

Keybanc analyst Steve Barger maintains Applied Industrial Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>) with a Overweight and raises the price target from $215 to $245.

Keybanc Maintains Overweight on Applied Industrial Techs, Raises Price Target to $245

The&nbsp;Committee for Medicinal Products for Human Use (CHMP)&nbsp;of the European Medicines Agency based its positive opinion on results from the MANDARA Phase III trial published in&nbsp;The New England Journal of Medicine, which compared the efficacy and safety of&nbsp;Fasenra&nbsp;to the only approved EGPA treatment, mepolizumab, in patients with relapsing or refractory EGPA.
MANDARA was the first head-to-head non-inferiority trial of biologics in patients with EGPA. Patients were randomized to receive either a single 30 mg subcutaneous injection of&nbsp;Fasenra, or three separate 100 mg subcutaneous injections of mepolizumab every four weeks.

Biotech

Large Cap

Health Care

General

AstraZeneca's Fasenra (Benralizumab) Has Been Recommended For Approval In The European Union As An Add-on Treatment For Adult Patients With Relapsing Or Refractory Eosinophilic Granulomatosis With Polyangiitis

SpaceX CEO Elon Musk said on Monday that there are <a href="https://www.benzinga.com/news/24/09/40967983/spacex-pushes-ahead-with-fifth-starship-test-flight-preparation-despite-no-faa-launch-approvals-in-s">multiple regulatory hurdles</a> to launching a rocket, including getting clearance from the U.S. Fish and Wildlife Service.
What Happened: &#8220;We need multiple Fish licenses to launch a rocket (actually)!,&#8221; Musk wrote on social media platform X, referring to clearance from the United States Fish and Wildlife Service required ahead of space missions confirming that the operations will not impact surrounding wildlife.
The CEO was responding to a snippet of his interview with Lex Fridman from November 2023 where he said, &#8220;Currently, the limiting factor for SpaceX, for Starship launch, is regulatory approval.&#8221;
&#8220;I don&#8217;t think the public is quite aware of the madness that goes on,&#8221; Musk then said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We need multiple Fish licenses to launch a rocket (actually)! <a href="https://t.co/K9zj0EqyTZ">https://t.co/K9zj0EqyTZ</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1838089797224497250?ref_src=twsrc%5Etfw">September 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Earlier this month, SpaceX said in a blog post that the delay in getting regulatory approvals for the fifth test flight of its ambitious Starship, despite the launch vehicle being ready, is because the Federal Aviation Administration is consulting with the U.S. Fish and Wildlife on the impact of the proposed flight on surrounding wildlife, among other reasons. 
On Sunday, Musk also raised concerns about the Starship program getting &#8220;smothered&#8221; by government bureaucracy. The bureaucracy is rising and the regulatory red tape is affecting all large projects in America, the CEO said. 
The regulations, Musk previously said, <a href="https://www.benzinga.com/news/24/09/40812203/elon-musk-warns-spacexs-efforts-to-make-life-multiplanetary-would-be-effectively-illegal-without-maj">will intensify </a>if Kamala Harris is elected President in the upcoming elections. While Republican Donald Trump has expressed willingness to initiate a government efficiency commission aimed at reducing regulations, the red tape would only rise under a Democratic party administration, Musk opined.
Why It Matters: Musk on Sunday also said that SpaceX intends to launch about five uncrewed Starships to Mars in two years, elaborating on his timeline from earlier this month.
If the five uncrewed missions land safely, crewed missions will be&nbsp;<a href="https://www.benzinga.com/news/24/09/40972893/trumps-mars-landing-promise-gets-slammed-by-peter-schiff-even-as-elon-musk-says-spacex-plans-5-launc" target="_blank" rel="noreferrer noopener">possible in four years</a>, Musk said. However, in case of challenges, the crewed missions will be postponed another two years, he added, pegging crewed Starship missions to Mars for as early as 2028 and latest by 2030.
However, the Starship has undergone only four test flights to date, and Musk has previously made tall claims about the Starship&#8217;s readiness. Musk aims to take humans to Earth&#8217;s orbit, the Moon, and Mars with the spacecraft. 
However, Musk&#8217;s SpaceX has been increasing its launch frequency with its Falcon launch vehicles alone. Earlier this month, the company launched its <a href="https://www.benzinga.com/news/24/09/40916098/elon-musks-spacex-launches-90th-mission-in-2024-with-over-a-third-of-launch-target-still-to-go">90th mission for the year</a> with its Falcon 9 workhorse accounting for a majority of the launches. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="ttps://www.benzinga.com/news/24/09/40973892/unifor-members-at-gms-cami-assembly-and-battery-assemble-plants-secure-new-contract-with-pay-increas">Unifor Members At GM&#8217;s CAMI Assembly And Battery Assemble Plants Secure New Contract With Pay Increases</a></li>
</ul>
Image Via Shutterstock

SPACE

Tech

Elon Musk Shares It Takes 'Multiple Fish Licenses' To Launch A Rocket: 'I Don't Think The Public Is Quite Aware Of The Madness That Goes On,' Says SpaceX CEO

<a href="https://americanbatterytechnology.com/">&nbsp;American Battery Technology Company</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, has been <a href="https://www.energy.gov/mesc/bipartisan-infrastructure-law-battery-materials-processing-and-battery-manufacturing-recycling">selected for a highly competitive grant for $150 million</a> dollars of federal investment&nbsp;by the U.S. Department of Energy to be applied towards the construction of a new lithium-ion battery recycling facility.
&nbsp;
This facility will be the company's second commercial-scale lithium-ion battery recycling facility and is designed to process approximately 100,000 tonnes of battery materials per year from its battery manufacturer, automotive OEM, and community partners.
"We are extremely honored to be selected for this government investment to further expand our domestic battery recycling operations, and after having gone through nearly one-year of technical and economic evaluation, we appreciate the level of diligence that the government employed in making this decision," stated ABTC CEO Ryan Melsert. "We are greatly appreciative of the confidence and support we have received from our partners throughout this process and are energized to move forward with our feedstock supply, product offtake, and strategic stakeholders in this critical expansion of our domestic capabilities."
True to the company's strategic model to engage a diverse portfolio of partners and stakeholders to bring advanced battery technologies online and establish a commercial battery metals supply chain for North America, this project will leverage multiple partners including feedstock supplier and critical mineral product offtaker BASF, global engineering firm Siemens, the Clemson University International Center for Automotive Research (CU-ICAR), the Argonne National Laboratory (ANL) ReCell Center, the Argonne National Laboratory Sustainable Transportation Education &amp; Partnerships (STEP) department, and the South Carolina Electric Transportation Network (SCETNetwork). &nbsp;
ABTC constructed and commissioned its first lithium-ion battery recycling facility near Reno, Nevada in Fall 2023, which implements its internally-developed processes for the strategic de-manufacturing and targeted chemical extraction of battery materials in order to manufacture battery grade products at competitive costs and with low environmental footprint.&nbsp; These processes are fundamentally different than conventional methods of battery recycling, which generally utilize either high temperature smelting or non-strategic shredding systems.
Through this new facility construction project, ABTC will employ a proactive, community-driven engagement model to build an energy equity, sustainable circular manufacturing ecosystem that aims to create 1,200 construction jobs and 300 operations jobs. The company will work in direct partnership between communities, educational institutions, industry, government, the National Laboratory system, and the next generation workforce to support equitable and sustainable initiatives that benefit and strengthen in local communities, including in underserved communities that have historically been left behind.
ABTC is partnering with government entities and local educational institutions, such as ANL's STEP department and Clemson University, to create career pathways in battery recycling and establish a talent pipeline for the domestic battery recycling industry.
Bringing first-of-kind technologies to market,&nbsp;ABTC's battery recycling and primary battery metals commercialization efforts support the buildout of a domestically-sourced battery metals circular supply chain.&nbsp; ABTC has been selected for several competitive awards supporting the advancement and commercialization of its first-of-kind technologies for both battery recycling and primary claystone-to-lithium hydroxide manufacturing.&nbsp; &nbsp; U.S. DOE Investments in ABTC Lithium-Ion Battery Recycling&nbsp;
<ul>
<li>October 2021: ABTC was awarded a competitive grant for a <a href="https://americanbatterytechnology.com/projects/usabc-project/">$2 million project</a> from the United States Advanced Battery Consortium (USABC) supported by funding from US DOE to foster the recycling of battery packs and extraction of battery metals, with USABC cost contributions of $500k.</li>
<li>November 2022: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-receives-contract-from-us-doe-for-20m-project-to-accelerate-commercialization-of-next-generation-advanced-battery-recycling-technologies/">ABTC was awarded for a competitive grant for a $20 million project from the U.S. DOE to scale</a>, optimize, and commercialize three next generation technologies to even further enhance the performance of its recycling operations, with a federal contribution of $10 million.</li>
<li>March 2024:<a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-awarded-20-million-tax-credit-through-competitive-us-doe-process-to-advance-its-critical-minerals-battery-recycling-facility/"> ABTC awarded qualifying advanced energy project tax credits (48C) for $20 million</a> to be applied towards capital expenditures of its first battery recycling facility near Reno, Nevada.</li>
<li>March 2024: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-awarded-additional-40-million-competitive-tax-credit-to-accelerate-construction-of-next-battery-recycling-facility/">ABTC awarded qualifying advanced energy project tax credits (48C) for $40 million</a> to be applied towards capital expenditures of its second battery recycling facility.</li>
<li>TBD 2025: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-receives-contract-from-us-doe-for-20m-project-to-accelerate-commercialization-of-next-generation-advanced-battery-recycling-technologies/">ABTC was selected for this competitive grant for a $150 million project from the U.S. DOE to construct a second battery recycling facility</a>.</li>
</ul>
U.S. DOE Investments in ABTC Lithium Hydroxide (LiOH) from Claystone Manufacturing&nbsp;
<ul>
<li>October 2021: <a href="https://www.energy.gov/eere/ammto/advanced-manufacturing-office-fy20-critical-materials-foa-selections">ABTC was awarded a competitive grant supporting a $4.5 million project</a> from the U.S. DOE for the demonstration of its battery-grade lithium hydroxide production from Nevada claystone resources, with federal contributions of $2.27 million.</li>
<li>October 2022: <a href="https://americanbatterytechnology.com/press-release/american-battery-technology-company-receives-contract-for-57m-grant-from-us-doe-for-construction-of-commercial-scale-lithium-hydroxide-refinery/">ABTC was awarded a competitive grant supporting a $115 million project</a> from the U.S. DOE to construct a commercial-scale lithium hydroxide refinery, with a federal contribution of $57.7 million.</li>
</ul>
These battery recycling technologies were developed in-house by the ABTC R&amp;D, project management, and engineering team members, many of whom were previously members of the founding Tesla Gigafactory design and engineering teams. &nbsp;ABTC intends to utilize these significant experiences in collaboration with project partners to scale processes and bring first-of-kind commercial-scale facilities online and leveraging this expertise to de-risk ABTC's commercialization of this second battery recycling facility.
As ABTC has now completed the technical and economic evaluations and been selected for this competitive grant award, it will next enter the grant award contracting phase of this process with an expected project kickoff in 2025.

ABAT

American Battery Technology Secures $150M US DOE Grant, Expanding Battery Recycling Facility

Management

Owens & Minor Has Appointed Jonathan Leon As Executive Vice President And Chief Financial Officer, Effective Immediately

Lifezone Metals Limited's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZM#NYSE">LZM</a>) Chief Executive Officer, Chris Showalter, is pleased to announce that Lifezone, in partnership with BHP, has formally commenced the project financing process for the Kabanga Nickel Project in Tanzania. In conjunction, Lifezone has received a Letter of Interest from the U.S. International Development Finance Corporation (DFC) that expressed DFC's interest in considering the Project for loans as part of the Project's financing package.
Tanzanian Minister of Minerals, Hon. Anthony Mavunde, welcomed the news, saying: "The Kabanga Nickel Project is a model example of the Government of Tanzania's commitment to fostering sustainable development and economic growth for the benefit of Tanzania and Tanzanians. We are delighted with the announcement that DFC has signed a Letter of Interest for project finance of Kabanga. Building on the 2023 visit to Tanzania by Vice President Harris, DFC's action shows that Tanzania and the United States continue to develop a strong economic partnership founded on a shared vision for sustainable development and we are looking forward to further developing our relationship to pursue our common goals. This project will not only boost our economy regionally and nationally, but also position Tanzania as a leading international player in the global nickel market, contributing significantly to the global energy transition."
Mr. Showalter also commented: "The initiation of the project financing process with Societe Generale is a crucial next step in securing the funding required for Kabanga, and is yet another indicator of the strategic importance of the Project to our global partners. With DFC's interest in supporting Kabanga, the U.S. government clearly recognizes the critical role that sustainable mineral development in Africa plays in the global energy transition. Today's announcement reinforces this vision and again highlights the strong relationship between the United States and Tanzania."
Scott Nathan, Chief Executive Officer of DFC added: "DFC is helping to advance the global energy transition through projects that drive sustainable development and economic growth. The Kabanga Nickel Project represents a significant opportunity to advance responsible mineral development in Tanzania, diversifying critical supply chains and fostering economic resilience in the region."
The DFC loan application would initiate a comprehensive review process; this follows <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fir.lifezonemetals.com%2Fnews%2Fpress-releases%2Fnews-details%2F2024%2FLifezone-Metals-Initiates-Process-for-Risk-Insurance-with-U.S.-International-Development-Finance-Corporation-for-the-Kabanga-Nickel-Project-in-Tanzania%2Fdefault.aspx&amp;esheet=54125613&amp;newsitemid=20240923733638&amp;lan=en-US&amp;anchor=Lifezone%26%238217%3Bs+August+27%2C+2024+announcement&amp;index=1&amp;md5=f757042432b47c95de66350df5fb940b">Lifezone's August 27, 2024 announcement</a> that DFC would be evaluating political risk insurance coverage for future investments in Kabanga.
Kabanga is one of the world's largest and highest-grade undeveloped nickel sulfide deposits. By utilizing Lifezone's Hydromet technology, the project is expected to significantly reduce emissions compared to traditional smelting methods.
Kabanga is supported by the Partnership of Global Infrastructure and Investment (PGI), which is a values-driven, high-impact, and transparent infrastructure partnership that was created to meet the enormous infrastructure needs of low- and middle-income countries and to support the United States' and its allies' economic and national security interests. Kabanga is also recognized as a project within the Minerals Security Partnership, a collaboration of 14 countries and the EU to catalyze public and private investment in responsible critical minerals supply chains globally.
DFC is America's development finance institution. It partners with the private sector to finance solutions to the most critical challenges facing the developing world today across sectors including energy, infrastructure, healthcare, agriculture, and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.
Societe Generale appointed as lead financial advisor to Kabanga Nickel Limited
Societe Generale has been appointed as the lead financial advisor to Kabanga Nickel Limited, a subsidiary of Lifezone that is managed by Lifezone and in which BHP has a 17% interest.
Lenaig Trenaux, Global Head of Batteries, Mining and Industries, Societe Generale, commented: "Societe Generale supports its clients in the energy transition, through dedicated solutions, and a commitment to contribute to sustainable finance. We are very pleased to be working jointly with Lifezone Metals and BHP to deliver the Kabanga Nickel Project, aiming to foster development in Tanzania and feed the energy transition with a large volume of low carbon critical mineral."
Societe Generale brings world-leading expertise in large-scale debt financing for mining projects globally. In cooperation with BHP, Lifezone and Societe Generale will look to optimize Kabanga's capital structure through a combination of multi-source project-level debt and equity.

Lifezone Metals and BHP Begin Project Financing for Tanzania's Kabanga Nickel, Supported by US DFC

Benchmark analyst Cody Acree reiterates Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Hold.

Reiteration

INTC

Benchmark Reiterates Hold on Intel

Needham analyst Mike Cikos reiterates Confluent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) with a Buy and maintains $28 price target.

CFLT

Needham Reiterates Buy on Confluent, Maintains $28 Price Target

Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) (together with its subsidiaries, "IREN") today provided a business update. &nbsp;
"We are pleased to announce that we've reached our 20 EH/s milestone ahead of schedule. This achievement reflects the hard work of our global team. Thank you for your dedication and efforts in making this happen," said Daniel Roberts, Co-Founder and Co-CEO of IREN. "We look forward to continuing this momentum as we expand to over 30 EH/s in the next three months."
IREN achieves 20 EH/s milestone
IREN has increased its installed capacity to 20 EH/s (16 J/TH efficiency).
Through optimization of its existing data center infrastructure, IREN now expects to increase its installed capacity to 21 EH/s in the coming days.
On track for 31 EH/s in 4Q 2024
Childress Phase 3 (150MW) construction is well underway, with approximately 430 people mobilized to site.
As part of the expansion from 21 EH/s to 31 EH/s, previously purchased Bitmain S21 XP miners (13.5 J/TH) are scheduled for shipping over the next 2 months.
Based on 31 EH/s (15 J/TH efficiency):
<ul>
<li>$20k electricity cost per Bitcoin mined</li>
<li>$30k all-in cash cost per Bitcoin mined</li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

IREN

Iris Energy Boosts Capacity to 20 EH/s, 31 EH/s Expected by End of 2024

TD Cowen analyst Oliver Chen downgrades Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) from Buy to Hold and announces $395 price target.

Downgrades

ULTA

TD Cowen Downgrades Ulta Beauty to Hold, Announces $395 Price Target

On September 20, 2024 the Board of Directors declared a quarterly cash dividend of 25.0 cents per share on the Company's common stock. The Board of Directors also approved a one-time special dividend of $2.50 per share.&nbsp;

Dividends

Ennis, Inc Declares $0.25 Quarterly Dividend, Approves Special $2.50 Payout

Strategic Synergies
The integration of Swifty is expected to bring several operational advantages and new revenue opportunities for Signing Day Sports:
<ul>
<li>Cost Efficiency: Swifty's in-house engineering team is expected to reduce Signing Day Sports' operating costs by over 50%, enabling the company to reinvest those savings into growth initiatives. It is also expected to increase the speed at which Signing Day Sports can roll out new products and technological enhancements to its current offering and optimize monetization of the product and user base.</li>
<li>Revenue Growth in SaaS: At their core, both Signing Day Sports and Swifty are SaaS model businesses. Swifty's scalability, technological resources, and technology initiatives are expected to bolster the growth of Signing Day Sports' app user base, enhance user retention and provide additional opportunities to monetize renewing subscribers with additional revenue streams.</li>
<li>New Revenue Streams: Swifty is expected to further expand Signing Day Sports' current product offering while also broadening the Company's exposure to new sports and athletes outside the U.S. Signing Day Sports has accumulated more than 10,000 registered users, which it plans to increase at an accelerated rate in the fourth quarter of 2024 and 2025. The Company's focus is to develop new strategic revenue streams, and improve revenue metrics per user, with the same aim of fully monetizing this growing user base.</li>
<li>New Market Exposure: Since its beginning as a football student-athlete recruitment platform provider, Signing Day Sports has expanded its platform to support baseball, softball, and men's and women's soccer. Swifty is expected to bring exposure to new markets in Europe, Africa and the Middle East, as well as exposure to emerging sports without established recruitment models. The Company anticipates that early adopters in these emerging sports markets are a significant market and plans to broaden its platform to capitalize on these prospective revenue streams.</li>
<li>Enhanced User Engagement: Swifty's team is expected to introduce exciting new features to Signing Day Sports, including gamification elements such as live scoreboards, top competitor leaderboards, fantasy leagues and real-time performance tracking, which are designed to boost engagement, organic user acquisition and user retention.</li>
</ul>

Signing Day Sports Provided An Update Regarding Its Financial Position And Its Plans To Acquire Dear Cashmere, Doing Business As Swifty Global, Highlighting The Strategic And Financial Synergies That Are Expected To Drive Accelerated Growth And Operational Efficiency For Both Companies

XOMA

ZVRA

XOMA Royalty Says Zevra Therapeutics Received FDA Approval For MIPLYFFA; Says It Is Entitled To Receive Mid-single Digit Royalty On MIPLYFFA Sales And Up To $52.6M In Milestones

Earnings

Earnings Misses

Ennis Q2 2024 GAAP EPS $0.40 Misses $0.42 Estimate, Sales $99.038M Miss $104.580M Estimate

HC Wainwright &amp; Co. analyst Robert Burns reiterates Repare Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPTX#NASDAQ">RPTX</a>) with a Buy and maintains $10 price target.

RPTX

HC Wainwright & Co. Reiterates Buy on Repare Therapeutics, Maintains $10 Price Target

The cryptocurrency market has seen a significant surge in pre-market activity after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reached a new high of $63,500.
What Happened: Following Bitcoin&#8217;s 0.4% increase, several Bitcoin ETFs experienced a surge in pre-market activity on Monday. As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) rose by 1.46%, Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>) by 1.31%, and ProShares Bitcoin Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>) by 1.21%. Other ETFs, including Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) and ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>), also witnessed minor increases of 0.99% and 0.77%, respectively. 
Reuters reported that Chris Weston, head of research at Pepperstone, attributed the surge to the &#8220;goldilocks macro backdrop,&#8221; which he believes is the primary driver of the current upward momentum. He also noted that Bitcoin&#8217;s rallies tend to be powerful, sparking significant FOMO (fear of missing out) among crypto investors.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40968244/trumps-new-crypto-ventures-legal-counsel-accused-of-attempting-to-seize-control-of-rival-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s New Crypto Venture&#8217;s Legal Counsel Accused Of Attempting To Seize Control Of Rival Firm</a>
Why It Matters: This surge in Bitcoin ETFs comes on the heels of a recent report by 10x Research, which suggested that <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40955750/bitcoins-correction-ends-but-it-has-to-break-this-target-to-surge-to-70k-10x-research">Bitcoin&#8217;s correction phase </a>may have ended. The report indicated a potential surge towards the $70,000 mark, with trading signals showing a favorable buying opportunity for Bitcoin and Ethereum.
Earlier in September, a viral story <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40946963/bitcoin-worth-63-000-pulled-in-33-pack-of-trading-cards-at-gamestop-mind-boggling-story-go">about a GameStop customer</a> who turned a $33 trading card pack into a full Bitcoin worth over $60,000 also highlighted the growing influence of cryptocurrency in mainstream markets.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Finally Mentions Crypto And That Too On Wall Street: Promises To Encourage &#8216;Innovative Technologies&#8217; Like Digital Assets</a></li>
</ul>
Photo courtesy: Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Pre-Market Outlook

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A Macro Shift At Hand

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Press Releases

Core Assets Announces C$3.0 Million Non-Brokered Private Placement With Strategic Investment From Crescat Capital

Core Assets Announces Closing of Private Placement and Change to Board of Directors

Core Assets IP Survey Identifies Large-Scale Untested Geophysical Anomalies at Silver Lime

Core Assets Drills 4.55 Metres of 116g/t Ag, 11.7% Pb+Zn, and 0.41% Cu at the Jackie Target & Exhibits Drilling Core at AME Round Up Conference in Vancouver

Core Assets Announces Widespread Gold Mineralization at Silver Lime

Core Assets Extends Pete's-Sulphide City-Gally Mineralized Trend to 2.5km With Massive Sulphide at Surface Grading Up To 680g/t Ag, >36.4% Pb+Zn & 0.55% Cu

Core Assets Provides a Summary of the 2023 Exploration Program & Announces Issuance of Stock Options

Core Assets Identifies Numerous Drilling Targets Using 3D Inverted Magnetics & Commences Drilling This Week

Core Assets Drills 11.8M of Massive Zn-Cu-Ag Sulphide at Silver Lime

Core Assets Provides Drilling Update At The Silver Lime Project

CSE:CC

Core Assets

Source: <a href="https://www.streetwisereports.com/article/2024/06/10/3d-magnetic-model-reveals-extensive-mineralization.html?utm_medium=feed">Streetwise Reports 06/10/2024</a>

Core Assets Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CCOOF#OTC">CCOOF</a>) has announced the results and interpretation of a three-dimensional magnetic vector inversion (3D-MVI) model collected over the 2024 drilling area at the Silver Lime CRD (carbonate replacement deposit) porphyry project on the central Blue property in the Atlin mining district of northwestern British Columbia.

The company&#39;s 3D magnetic model indicates that the Sulphide City Mo-Cu (molybdenum-copper) Porphyry Stock extends deeper and connects to a larger magnetic body measuring approximately 3.7 kilometers wide, which feeds at least three additional porphyry stocks beneath the Pete&#39;s CRD and AMP targets, and south of the Gally CRD target.

In 2022, drill hole SLM22-006 at Sulphide City reached a depth of 471 meters, revealing significant porphyry-style alteration, veining, and increased molybdenum Mo and Cu grades at around 315 meters depth, with grades near the end of the hole (EOH) returning up to 2.50% CuEq (copper equivalent). Core Assets is fully funded for up to 5,000 meters of diamond drilling as well as project-wide mapping and rock sampling campaigns. The company will start by drill-testing the Sulphide City Mo-Cu Porphyry Stock and the potential source intrusion, with drilling set to begin this week.

Core Assets&#39; President and CEO Nick Rodway commented on the findings, saying, &quot;Overlaps observed between our favorable magnetics, highly chargeable and conductive zones, Cu and Mo grade downhole, and the current drilled extent of the Sulphide City Mo-Cu Porphyry all point towards the continuation of the mineralized Sulphide City Porphyry to depths exceeding 1 kilometer. These overlapping datasets indicate the presence of a large, long-lived, and multi-stage, mineralized porphyry system feeding the high-grade Silver Lime skarn and CRM targets. This interpretation comes with an enhanced understanding of our 3D project geology and structures that acted as fluid pathways for the high-grade massive sulphide and epithermal mineralization observed outboard of the Sulphide City Target.&quot;

<h2>The Mineral Mining Market</h2>

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The mineral exploration sector has been experiencing significant growth and transformation in recent years. According to S&amp;P Global Market Intelligence, the global nonferrous exploration budget increased by 16% in 2022, reaching US$13.0 billion, up from US$11.2 billion in 2021. This increase was primarily driven by the junior exploration sector, which benefited from favorable market conditions and increased financing activities. Notably, gold remained a major focus, with green metals like copper, nickel, and lithium also seeing substantial budget increases due to their critical role in the energy transition​ (S&amp;P Global)​.

<blockquote class="callOut left">&quot;The logical conclusion is that Core Assets is a Strong Buy here for all timeframes and this is a stock that is worth going overweight on&quot; Technical Analyst Clive Maund wrote.</blockquote>

The Deloitte Global 2024 Mining and Metals Report highlights several key trends shaping the sector. Mining companies are navigating a complex landscape of challenges and opportunities, including supply shortages, environmental, social, and governance (ESG) considerations, and emerging technologies.

The report emphasizes the need for mining companies to build purpose-led organizations that can effectively manage these challenges while capturing new growth opportunities. This involves strategic investments, collaborations, and a focus on sustainability to ensure long-term success.

Furthermore, a report by Nick Bell earlier this year on Worley notes that the mining industry is poised for a period of reinvention in 2024. As miners diversify into critical minerals, their decisions will have lasting impacts on supply-demand dynamics. The industry faces challenges such as escalating capital costs, skills shortages, and geopolitical uncertainties. However, miners with strong cash reserves, particularly those involved in copper and other energy transition metals, are expected to navigate these challenges more effectively. The industry is also focusing on maintaining ESG standards to meet the increasing demands of stakeholders and investors.
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<h2>Catalysts</h2>

The primary catalysts for Core Assets Corp. in the coming months will be the commencement and progression of their drilling campaign at the Silver Lime CRD-Porphyry Project. The recent discovery of a deeper extension of the Sulphide City Mo-Cu Porphyry Stock, connecting to a larger magnetic body, presents a significant opportunity to enhance the overall resource potential of the project. Located in one of the last unexplored areas of British Columbia&#39;s prolific Stikine Terrane, this extension indicates the possibility of additional porphyry stocks, which could substantially increase the project&#39;s value.

Core Assets holds a commanding and wholly owned 1,140 km&sup2; district-scale land position in British Columbia&#39;s prolific Atlin Mining District. Previous drilling in 2022 confirmed significant porphyry-style alteration and mineralization at depth, and the upcoming drilling campaign aims to further delineate these findings, potentially expanding the known mineralized zones and confirming the presence of high-grade Cu and Mo.

Core Assets is fully funded for an extensive drilling and exploration program, which includes up to 5,000 meters of diamond drilling. The immediate focus will be on the Sulphide City Mo-Cu Porphyry Stock and associated source intrusions. The project continues to display characteristics like those of the largest Porphyry-CRD systems globally, covering the full mineralization spectrum from Cu-Mo porphyry through to Ag-Pb-Zn carbonate replacement over a 6.6 km by 1.8 km mineralized area. Successful results from these drill tests could provide substantial data to support resource estimates and attract further investment.

Additionally, the integration of the 3D-MVI model with previous geophysical and drilling data has provided a more detailed understanding of the project&#39;s geology and mineralization pathways. This enhanced understanding will guide the 2024 drilling campaign and future exploration efforts.

Furthermore, the company notes that the strategic location of the Blue Property in the Atlin mining district benefits from existing infrastructure and favorable mining conditions, supporting the logistics of the drilling program and future development potential. The project boasts one of the largest and highest-grade documented surficial expressions of any early-stage CRD project, with indications of a potential large porphyry feeder stock nearby. Core Assets&#39; systematic approach to exploration, robust funding, and advanced geological models position the company to potentially make significant discoveries and advance the Silver Lime project toward development.

Investors will be closely monitoring the progress of the 2024 drilling campaign and the resulting data, which could provide crucial insights into the project&#39;s overall potential. The Blue Property contains mineralization and alteration assemblages similar to those of major Mexican CRDs and world-class Porphyry Cu-Mo deposits.

<h2>Expert Opinions</h2>

Analysts and newsletter writers are showing a strong interest in Core Assets Corp. due to their promising developments at the Silver Lime project.

Technical Analyst Clive Maund, on June 6, remarked that &quot;Core Assets is in the latest stages of a fine Cup and Handle base whose development has been accompanied by an exceedingly positive volume pattern and Accumulation line &mdash; this means it&#39;s very likely to break out upside and soon.&quot;

He explained that the duration of this base pattern has allowed the 200-day moving average to drop closer to the price, symbolizing the time required for a significant quantity of stock to rotate from weaker to stronger hands.

&quot;The logical conclusion is that Core Assets is a Strong Buy here for all timeframes and this is a stock that is worth going overweight on&quot; he wrote.

Similarly, Robert Sinn of Goldfinger Capital expressed his enthusiasm on June 5, noting that the news release was filled with geological details but explained in a way that a non-geologist could understand. He highlighted that Core is set to commence a fully-funded 5,000-meter diamond drill program at Silver Lime this week.

Sinn stated, &quot;To say I am excited for this year&#39;s drill program at Silver Lime would be an understatement. At a US$11 million market cap, this is a classic high-torque drill play with substantial potential upside.&quot;

He also cautioned that with large upside potential comes significant risk if the drill program does not yield the desired results.

<h2>Ownership and Share Structure</h2>

According to Reuters Core Assets Corp. has a total of 127.11 million shares outstanding and a market capitalization of CA$19.07 million.

Reuters notes that 9.91% of the company is with management and insiders. CEO Nick Rodway is the largest in this category at 4.40%, with 5.59 million shares.

Strategic investor Zimtu Capital Corp. has 8.09%, with 10.29 million shares.

Institutions own 18.25% of the company. Crescat Capital LLC has 13.84%, with 17.59 million shares. Sprott Asset Management LP has 3.93%, with 5 million shares, and US Global Investors Inc. has 0.47%, with 0.60 million.

Important Disclosures:

<ol>
	<li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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