Latest news for Midnight Sun Mining (OTC:MDNGF) Stock

Midnight Sun Mining Corp is engaged in the acquisition and exploration of mineral property interests. The Company has one reportable operating segment, being the acquisition and exploration of mineral properties., The Company's exploration and evaluation assets are located in Zambia, Africa and the Company's right-of-use assets are located in Canada.

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Mining Co. Earns $10M To Fund Exploration

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Mineral Exploration Co. Makes Important Discovery

MIDNIGHT SUN MINING CORP by Midnight Sun Mining Corp

Midnight Sun Mining Corp

BMO Capital analyst Kostas Biliouris maintains Centessa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTA#NASDAQ">CNTA</a>) with a Outperform and raises the price target from $20 to $35.

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BMO Capital Maintains Outperform on Centessa Pharmaceuticals, Raises Price Target to $35

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Charles Schwab shares are trading higher after the company reported a 20% year-over-year growth in total client assets, reaching $9.74 trillion.

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Schwab Expects Q3 Results To Finish In Line With Scenario Outlined During Jul. Business Update, Total Revenue Growth 2-3% vs Prior Quarter

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NextCure shares are trading lower. The company announced results from its Phase 1b study of NC410.

BMO Capital analyst Brian Quast maintains Alamos Gold (TSX:<a class="ticker" href="https://www.benzinga.com/stock/AGI#TSX">AGI</a>) with a Outperform and raises the price target from C$27 to C$31.

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BMO Capital Maintains Outperform on Alamos Gold, Raises Price Target to C$31

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/13/final-trades-tesla-interactive-brokers-suncor-energy-and-the-ijr.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington of Requisite Capital Management said Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) continues to have some of the highest call premium in the market.
Tesla has made its 100 millionth 4680 cell to be used inside its Cybertruck vehicle, the company said on Saturday. The Austin, Texas-based company announced the milestone on the social media platform X. 
"Produced our 100 millionth 4680 cell across all our factories!," the company wrote, with an adjoining image of a Tesla-made humanoid robot holding up the<a href="https://www.benzinga.com/news/24/09/40867760/elon-musk-reacts-as-tesla-makes-100-millionth-4680-cells-enough-to-produce-over-73-500-cybertrucks"> landmark 100 millionth cell.</a>
Tesla CEO Elon Musk commented on the news via X.com. See below.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Congratulations Tesla cell team! <a href="https://t.co/oK4WaeWZ6p">https://t.co/oK4WaeWZ6p</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1835124037934367098?ref_src=twsrc%5Etfw">September 15, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/40873304/teslas-cybertruck-sales-in-july-nearly-matched-those-of-all-over-ev-trucks-combined-report">Tesla&#8217;s Cybertruck Sales In July Nearly Matched Those Of All Over EV Trucks Combined</a>
Joseph M. Terranova of Virtus Investment Partners said look for Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) to push well above its May high level of $129.
On Sept. 9, UBS analyst Brennan Hawken maintained Interactive Brokers with a Buy rating and raised the price target from $145 to $155.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Rob Sechan of NewEdge Wealth picked Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), which is up 15% for the year, but 15% off its high level.
On Sept. 13, RBC Capital analyst Greg Pardy reiterated Suncor Energy with an Outperform and maintained a C$67 price target.
Jim Lebenthal of Cerity Partners named iShares Core S&amp;P Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IJR#NYSE">IJR</a>) as his final trade.
Price Action:
<ul>
<li>Tesla gained 0.2% to close at $230.29 during Friday's session.</li>
<li>Interactive Brokers shares gained 3.6% to settle at $128.07 on Friday.</li>
<li>Suncor Energy shares rose 0.4% to close at $36.44.</li>
<li>iShares Core S&amp;P Small-Cap ETF gained 2.6% during Friday's session.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics"> </a>
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
</ul>
Image: Courtesy of Tesla

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Tesla, Interactive Brokers, Suncor Energy And More: CNBC's 'Final Trades'

As of Sept. 16, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pr</a>o. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">NiSource Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</h3>
<ul>
<li>On Aug. 7, NiSource posted better-than-expected quarterly earnings. &#8220;During the second quarter NiSource placed the Cavalry Solar &amp; Storage project into service and reported strong earnings results, executing our investment plan and delivering consistent shareholder returns,&#8221; said NiSource President and CEO, Lloyd Yates. The company's stock gained around 7% over the past month and has a 52-week high of $34.14.</li>
<li>RSI Value: 82.19&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NI Price Action: Shares of NiSource gained 1.3% to close at $34.06 on Friday.</li>
</ul>
<h3 class="wp-block-heading">PPL Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>)</h3>
<ul>
<li>On Sept. 12, PPL finalized award for up to $72 million in federal funding from U.S. Department of Energy&#8217;s Office of Clean Energy Demonstrations. The company's stock gained around 4% over the past month and <a href="https://www.benzinga.com/quote/PPL">has a 52-week high</a> of $32.54.</li>
<li>RSI Value: 70.90</li>
<li>PPL Price Action: Shares of PPL gained 1.6% to close at $32.46 on Friday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
</ul>

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Stratasys, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) shares are trading higher premarket Monday after the company approved a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40872730/stratasys-announces-board-authorization-of-50-million-share-repurchase-program" rel="noreferrer noopener">$50 million share repurchase program</a>.
The repurchase program is part of Stratasys&#8217; strategy to enhance shareholder value and follows its restructuring plan, which aims to save $40 million annually starting in the first quarter of 2025.
The plan included a 15% workforce reduction by year-end and a focus on high-growth products and solutions, along <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40624869/stratasys-q2-earnings-loss-widens-cuts-workforce-lowers-annual-projections-stock-tumbles" rel="noreferrer noopener">with achieving annualized EBITDA margins of 8%</a>.
Yoav Zeif, Stratasys&#8217; Chief Executive Officer, said, &#8220;Our focus is on generating significantly higher profit and cash flow by driving revenue, aligning costs and reinvesting in growth initiatives. In addition, we intend to return value to shareholders through a share repurchase program that reflects the Board&#8217;s confidence in our strategy and ability to deliver long-term profitable growth.&#8221;
Last month, the company reported fiscal second-quarter 2024 revenue of $138.04&nbsp;million, missing the&nbsp;analyst consensus estimate of $146.34 million. Adjusted EPS loss of 0.04 cents&nbsp;beat the&nbsp;analyst consensus estimate of 5 cent&nbsp;loss.
Stratasys held cash and equivalents of $150.86 million at the end of the second quarter of 2024.
Investors can gain exposure to the stock via&nbsp;Pacer BlueStar Engineering the Future ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULD#NASDAQ">BULD</a>).
Price Action: SSYS shares are up 4.68% at $7.38 premarket at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40652006/stratasys-analysts-cut-their-forecasts-after-q2-results" target="_blank" rel="noreferrer noopener">Stratasys Analysts Cut Their Forecasts After Q2 Results</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Momentus shares are trading lower after the company announced a $2.75 million private placement with a single U.S. institutional investor.

Keybanc analyst Sophie Karp maintains DTE Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTE#NYSE">DTE</a>) with a Overweight and raises the price target from $126 to $130.

Keybanc Maintains Overweight on DTE Energy, Raises Price Target to $130

BMO Capital analyst Etzer Darout reiterates Acrivon Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRV#NASDAQ">ACRV</a>) with a Outperform and raises the price target from $25 to $28.

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BMO Capital Reiterates Outperform on Acrivon Therapeutics, Raises Price Target to $28

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US To Stay Committed In Bringing Mpox Outbreak Under Control

– Cabozantinib continues to demonstrate a significant improvement in progression-free survival versus placebo in patients with advanced neuroendocrine tumors, including across key subgroups –
– Findings were the basis for the supplemental New Drug Application filed with the U.S. Food and Drug Administration for cabozantinib for advanced neuroendocrine tumors –
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.exelixis.com%2F&amp;esheet=54121961&amp;newsitemid=20240913607414&amp;lan=en-US&amp;anchor=Exelixis%2C+Inc.&amp;index=1&amp;md5=4f8379ba502429acd448e5b9f9cf84ab">Exelixis, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) today announced updated and final data from CABINET, a phase 3 pivotal trial evaluating cabozantinib (CABOMETYX&#xAE;) versus placebo in two cohorts of patients with previously treated neuroendocrine tumors: one cohort with advanced pancreatic neuroendocrine tumors (pNET) and one cohort with advanced extra-pancreatic NET (epNET). These data are being presented today at the 2024 European Society for Medical Oncology Congress (ESMO 2024) during the Proffered Paper Session: NETs and Endocrine Tumours at 2:45 p.m. CET and were simultaneously published in the New England Journal of Medicine (NEJM).

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EXEL

Exelixis Announces Final Results From Phase 3 Pivotal CABINET Study Evaluating Cabozantinib In Advanced Neuroendocrine Tumors Presented At ESMO 2024 And Published In New England Journal Of Medicine

FCUV

Focus Universal shares are trading lower after the company announced a $1.2 million registered direct offering of 3.75 million shares at $0.32 per share.

Tencent Holdings Ltd (OTCPK:TCEHY) (OTCPK:TCTZF) is harnessing the power of AI to shake up the digital advertising space in <a href="https://www.benzinga.com/quote/TCEHY/news">a big way</a>. 
In an exclusive interview with Benzinga, Derek Yan, senior investment strategist at KraneShares, said that the Chinese tech giant is positioning itself to maintain a competitive edge and sustain growth in the rapidly evolving digital landscape.
<h2 class="wp-block-heading">Tencent&#8217;s AI Initiatives To Supercharge Marketing Efforts</h2>
"Tencent is leveraging its proprietary AI models to enhance ad targeting precision and attribution tracking," says Yan. This has been a critical driver of Tencent's impressive advertising revenue growth, enabling advertisers to reach consumers more effectively and boost click-through rates.
In a space where precision is everything, Tencent's AI models are proving invaluable. But the company isn't stopping there. Yan highlights how Tencent is "equipping advertisers with generative AI tools that can dynamically create ad visuals tailored for various ad placements." 
This capability allows advertisers to produce more engaging, customized ads on the fly, which has the potential to supercharge their marketing efforts and drive even more revenue.
<h2 class="wp-block-heading">How Tencent&#8217;s TikTok Rival &#8211; WeChat Is Capitalizing On New Opportunities</h2>
Tencent's flagship platforms, particularly WeChat and its video account feature (a rival to ByteDance's Douyin and TikTok), still have "substantial untapped potential for further monetization," according to Yan. 
Integrating AI technologies could unlock new opportunities to capitalize on this potential. In fact, Tencent's Executive Director and President, Martin Lau, mentioned in a recent earnings call that AI is expected to provide a near-term boost in ad revenue.
According to Yan, even a modest 10% increase in ad load within the WeChat and video account ecosystem could generate an additional RMB 10 billion (approx. $1.4 billion), most of which would go straight to profit.
<a href="AI To 'Turbocharge' Alibaba's Cloud In Bid To Rival Microsoft, Amazon, Says Strategist" target="_blank" rel="noreferrer noopener">Read Also: EXCLUSIVE: AI To &#8216;Turbocharge&#8217; Alibaba&#8217;s Cloud In Bid To Rival Microsoft, Amazon, Says Strategist</a>
<h2 class="wp-block-heading">Tencent&#8217;s Advertising Getting Stronger</h2>
With AI integration driving both operational efficiency and revenue growth, Tencent's advertising game is only getting stronger. The real question is whether Tencent can continue to outpace competitors and fully capitalize on AI's potential, or will rivals like Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) close the gap?
One thing's for sure—Tencent is betting big on AI to keep its digital dominance intact.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40821034/exclusive-ai-in-china-the-sleeping-giant-awakens-kraneshares-strategist-says-we-sho" target="_blank" rel="noreferrer noopener">EXCLUSIVE: AI In China — The Sleeping Giant Awakens? KraneShares Strategist Says We Should Be Paying Attention</a></li>
</ul>
Photo: katjen/Shutterstock.com

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EXCLUSIVE: Tencent Leverages AI To 'Enhance Ad Targeting Precision,' Says Expert

Schwab Core Net New Assets Brought To Co. By New And Existing Clients Increased To $32.8B For The Month, Total Client Assets Grew 20% YoY To $9.74T

<ul>
<li>Vatroslav Mateljic's innovative approach and commitment to transforming the lives of patients will strengthen Takeda's leadership position in the Canadian biopharmaceutical sector</li>
</ul>
TORONTO, Sept. 16, 2024 /CNW/ -&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4254746-1&amp;h=503590016&amp;u=https%3A%2F%2Fwww.takeda.com%2Fen-ca%2F&amp;a=Takeda+Canada+Inc">Takeda Canada Inc</a>. ("Takeda Canada") is pleased to announce the appointment of Vatroslav (Vatro) Mateljic&nbsp;as its new General Manager to lead the Canadian operations of Japan's largest pharmaceutical company.

Management

Global

Vatroslav Mateljic Appointed General Manager Of Takeda Canada

Kratos Defense &amp; Security Solutions, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), a technology company in Defense, National Security and Global Markets, today announced that Kratos Turbine Technologies has successfully completed a ground test campaign of a Cost-Optimized, Limited-Life Turbofan Engine. The engine testing was managed by the Air Force Research Laboratory, Aerospace Systems Directorate, Turbine Engine Division (AFRL/RQT) under the Attritable Cost Optimized Limited Life Engine Technologies (ACOLLET) program. All test plan objectives were achieved including matching pre-test predictions on thrust and fuel efficiency.

KTOS

Kratos Completes Milestone On Cost Optimized Limited-Life Turbofan Engine; All Test Plan Objectives Were Achieved Including Matching Pre-Test Predictions On Thrust And Fuel Efficiency

ThinkEquity analyst Ashok Kumar initiates coverage on Better Choice Co (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BTTR#AMEX">BTTR</a>) with a Buy rating and announces Price Target of $10.

Initiation

BTTR

ThinkEquity Initiates Coverage On Better Choice Co with Buy Rating, Announces Price Target of $10

Midnight Sun announces collaboration with Bill Gates backed KoBold Metals to explore Dumbwa Target

Midnight Sun Mining Secures $10 Million Financing Round, Expands Partnerships and Projects

Press Releases

Midnight Sun Welcomes Margot Naudie to Advisory Board

Midnight Sun Appoints Kevin Bonel as COO, Zambia

Midnight Sun Announces Warrant Extension

TSXV:MMA

Midnight Sun Mining

Source: <a href="https://www.streetwisereports.com/article/2024/05/15/strategic-investors-and-management-hold-significant-stakes-in-emerging-mining-firm.html?utm_medium=feed">Streetwise Reports 05/15/2024</a>

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Midnight Sun Mining Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDNGF#OTC">MDNGF</a>) has successfully closed its latest private placement, securing US$10 million to fund exploration activities at its mineral properties in Zambia. Initially targeting US$3.3 million through the offering, the company experienced &quot;overwhelming demand&quot; for subscription agreements, leading to a significant oversubscription in the financing round.

The company announced that it would issue 45,454,545 units priced at US$0.22 each. Each unit consists of one common share and one purchase warrant. These warrants will allow holders to purchase additional common shares at a price of US$0.33 each over the next 36 months following the placement.

Midnight Sun has confirmed that the offering is expected to close as promptly as possible, pending final approval from the TSX Venture Exchange.

<h2>Why Copper?</h2>

Dominic Frisbee of The Flying Frisbee on May 9 underscored the urgency of the situation surrounding copper supply.

Frisbee wrote, &quot;I wish I had a bitcoin for every article and research report that has crossed my desk in the last three years about the looming copper supply crisis.&quot; Frisbee points out that &quot;copper price action . . . has seen US$4.20-4.60/lb area as resistance for a long time&quot; and draws parallels to historical price actions to speculate on future trends.

<blockquote class="callOut left">Caesars Report stated that, &quot;(Midnight Sun Mining) will use the proceeds to fund its exploration activities on the Zambian properties and for general working capital. Considering the balance sheet shows a working capital deficit of CA$0.3M as of the end of calendar year 2023, we expect the working capital requirements needs to be met.&quot;</blockquote>

He also notes that analysts at Goldman Sachs&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) anticipate a rise in copper prices to manage the market shortfall, asserting that &quot;Higher prices are the only way . . . of encouraging more metal to a market that is short of supply&quot; with a price target of US$15,000/tonne projected for the next year.

A day prior on May 8, Bruno Venditt of Visual Capitalist provided a detailed examination of copper&#39;s pivotal role in the transition to clean energy and its subsequent investment potential.

Venditt explained, &quot;Copper is essential for clean energy applications such as solar panels, wind turbines, and electric vehicles (EVs), as well as for expanding electrical grids.&quot;

Venditt also describes the increasing demand and potential supply challenges: &quot;The demand for copper in the transport sector is projected to increase by 11.1 times by 2050, from 2022. Additionally, the demand for copper needed to expand the global electricity grid is projected to increase by 4.8 times by 2050, from 2022.&quot;

<h2>Catalysts for Future Growth</h2>

The successful closure of this US$10 million financing round is a significant catalyst for Midnight Sun Mining Corp.&#39;s future growth. The funds raised substantially exceed the initial target, demonstrating strong confidence in the company&#39;s prospects and the potential of its Zambian mineral exploration projects.

The influx of capital will enable Midnight Sun to pursue its exploration objectives in Zambia, potentially accelerating the development of its mining properties and enhancing its ability to discover valuable mineral deposits. Furthermore, the inclusion of purchase warrants in the financing arrangement provides an avenue for additional capital inflow if exercised, potentially extending the financial runway and supporting further exploration and development activities.

<h2>Expert Analysis</h2>

Ron Struthers of Struthers Resource Stock Report indicated on April 18 a significant trend in the mining sector, especially regarding the company&#39;s upside. He wrote, &quot;My two favorites right now are Zonte Metals Inc., with a very low valuation, and Midnight Sun Mining Corp., with their deal with Kobold Metals and proximity to large copper mines. I am looking at others and plan on adding to the list this year.&quot;

Two months prior, on February 21, Struthers was high on the prospect of Midnight Sun, using multiple exclamation points to punctuate his outlook, &quot;Some awesome news with Midnight Sun yesterday. They have signed a JV deal with Kobold Metals. This is the mining company backed by Bill Gates, Jeff Bezos, Richard Branson, and other key investors. As I mentioned, they are selling the Magnificent 7 and investing in mining. Investors should wake up!!!&quot;

Struther&#39;s further clarified: &quot;KoBold is to earn a 75% interest in Dumbwa by incurring US$15 million in exploration expenditures and making cumulative cash payments to Midnight Sun of US$500,000 over 4.5 years.&quot;

On May 10, Caesars Report stated that, &quot;(Midnight Sun Mining) will use the proceeds to fund its exploration activities on the Zambian properties and for general working capital. Considering the balance sheet shows a working capital deficit of CA$0.3M as of the end of calendar year 2023, we expect the working capital requirements needs to be met, thanks to a decent amount of net proceeds (after taking finders fees into consideration as well).&quot;

<h2>Ownership and Share Structure</h2>

According to Reuters, Midnight Sun Mining Corp. has a diverse ownership structure, with strategic investors holding approximately 9.28% of the company. This includes significant shares held by individual strategic entities such as Kam Chuen Resource Holdings Ltd., which owns about 8.00% of the outstanding shares.

Management and insiders of Midnight Sun Mining collectively own about 10% of the company. This group includes key insiders like Brett Allan Richards, Allan John Fabbro, and other members of the management team who hold substantial individual stakes.

The rest is with retail investors.

Midnight Sun Mining has a market capitalization of approximately CA$31.69 million, with 119.57 million shares outstanding. The company trades on the TSX Venture Exchange under the ticker MMA.V and has seen significant trading activity, with shares currently priced at CA$0.25. The stock has traded in a 52-week range between CA$0.19 - 0.33

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<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>
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Source: <a href="https://www.streetwisereports.com/article/2024/04/18/mineral-exploration-co-makes-important-discovery.html?utm_medium=feed">Ron Struthers 04/18/2024</a>

Ron Struthers of Struthers Resource Stock Report takes a look at the hundreds of M&amp;A agreements recently signed, the current state of copper as it is breaking out, and Zonte Metals, a company that recently made an important discovery.

A sure sign of a market bottom and turnaround in mining is increased merger and acquisition M&amp;A) activity, and this is going through the roof. It does two major things that are very bullish:

<ul>
	<li>Shareholders of acquired companies get higher prices and cash;</li>
	<li>It reduces the number of mining companies on the market to buy.</li>
</ul>

So, basically, it increases demand and reduces supply at the same time.

How active has M&amp;A been?

Literally, hundreds of agreements have been signed, with most flying under the radar of mainstream media and retail investors. Just the last quarter of 2023 is amazing:

<ul>
	<li>In the global mining industry, there were 298 M&amp;A deals announced in Q4 2023, worth a total 
	value of $33.9 billion, according to GlobalData&#39;s Deals Database;</li>
	<li>In value terms, M&amp;A activity increased by 142% in Q4 2023 compared with the previous 
	quarter&#39;s total of $14 billion;</li>
	<li>In the Canadian mining industry, there were 100 M&amp;A deals announced in Q4 2023 worth a 
	the total value of $8.1 billion, according to GlobalData&#39;s Deals Database;</li>
	<li>According to Fitch Ratings &mdash; The rise in M&amp;A activity across the mining industry over the past 
	year is likely to continue into 2024.</li>
</ul>

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202441875948_1.png" style="height:429px; width:838px" />

Those in the industry know the market best, and they have been buying hand over fist for the last two years at the bottom and turnaround. We should be buying, too. 

A lot of junior explorers are being bought out as well. I was surprised this week when Great Pacific Gold announced a buyout of a private copper junior, Tinya Valley Copper, for $16 million in stock. What surprised me is how grassroots the project is, as it has not had one drill hole yet. It is in a known copper belt, though, to its credit.

The key reason for this is that copper is in high demand, there will be shortages, and prices are rising. All the major mining companies are scrambling, trying to find more copper. I did a major dive into the copper market in December, which you can review&nbsp;on my Substack. I picked Capstone Mining CS, and it is our top-performing producer, up almost +50%. 

In that report, I showed the next two levels of resistance on the chart, and copper just took out the 2nd resistance level this week. Copper is in a steep rising projection and will soon reach all-time new highs around $5. And copper is going to double digits. It is not a matter of if but when.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202441880014_2.png" style="height:506px; width:1000px" />

About 15% of copper supply comes from scrap, and usually, higher prices will bring out more scrap, but a lot of this has already happened in the past couple of years with the recent price rise. Copper mining is different and unique.

Copper mining is very rare in Canada as only about 1% of the world mine supply is from here. That means if Zonte or other juniors in Canada prove a copper deposit, it is quite unique and will be sought after.

Another huge factor is there is really no junior copper producers, small production is coming as a byproduct of other mines such as zinc, gold and silver mines. There are a lot of junior and small gold producers that major gold miners can buy, but not so with copper. The majority of growth and acquisitions will be with juniors who have exploration projects. They are about the only real target for the big producers. That is why we see a deal like Great Pacific; more of these will come. The big producers of copper are spread out among many, many miners, as this chart reveals. The biggest producers just have around 6% of the market.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202441880042_3.png" style="height:549px; width:706px" />

This copper market is a once-in-a-lifetime opportunity. Never before has there been such a strong rising demand and price for copper and mining companies at such low valuations. There are going to be 10-fold increases and more with junior copper explorers.

My two favorites right now are Zonte Metals Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EREPF#OTC">EREPF</a>), with a very low valuation, and Midnight Sun Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MDNGF#OTC">MDNGF</a>), with their deal with Kobold Metals and proximity to large copper mines. I am looking at others and plan on adding to the list this year. I am also planning a video interview with Zonte and Midnight Sun.

For today, Zonte had very strong news. It is mostly technical, and I will do my best to explain.

<h2>Zonte Metals</h2>

Recent Price - $0.09 

Entry Price - $0.09

Opinion &ndash; Strong Buy 

Metal deposits all have one main mineralization event in their history, and many have two events over time. Three events are not as common in the same place, and that is what Zonte Metals Inc. (ZON:TSX.V) has proven in this news. The more events of mineral injection over time means higher grades and concentration.

What is more, the third event at Zonte&#39;s Cross Hills was Chalcocite, the strongest type of copper mineralization. I talked about the types in my January 8 newsletter.

I was aware Zonte was doing more analysis on the drill core and have been eagerly waiting for this. In preparation for the follow-up drill program at the K6 target, Zonte commissioned a thin section (TS) and Scanning Electron Microscope (SEM) analyses of select samples from the recent drill core. These analyses were conducted by Hamilton Geoconsulting of Hamilton, Ontario. I am pasting Terry&#39;s comments as they explain this pretty well. It might be a bit technical for some, so read over twice. Hypogene refers to an event below the surface.

Terry Christopher, President and CEO, comments, &quot;A number of samples from the recently completed K6 drill core were analyzed via thin section and scanning electron microscope. The findings from this examination, coupled with characteristics derived from core logs, reveal several significant aspects of the copper system at K6. Firstly, there were up to three distinct pulses of mineralization, with the final one manifesting as a hypogene chalcocite event that overlaid earlier mineralization. This observation is significant as these late overprinting chalcocite events can lead to elevated grades. Moreover, changes in the overall character of the mineralization offer insights into the copper system, suggesting a potential increase in grade with depth. These features are evidenced by a progressive increase in copper grade with depth in the drill holes, along with a notable augmentation in chalcocite content, particularly evident in the deepest drill hole, CH23-05. This hole exhibited higher mineral contents, with recorded grades in individual samples reaching up to 2.64%, as noted in our February 29, 2024 press release. These observations will be used to vector in on stronger parts of the mineral system in the up coming drill program.&quot;

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202441880115_4.png" style="height:528px; width:672px" />

Mineralization looks to start about 50 meters below surface, and higher grades begin at around 100 to 150 meters. Remember this is just early days and higher grades could come closer to surface elsewhere on the K6 target, plus there are 11 more targets to drill.

I know many have lost patience with this stock and other juniors, but you have to look ahead, not backward. History is just that, and too many project history into the future, which is quite unreliable. I find the best use of history is resistance levels on charts, and that is because too many investors judge by history, so it is good to know and make use of.

The most common comment I hear is: &quot;When it gets back to this price, I am selling.&quot;

These investors are making emotional trades based on a price that relieves their past anguish. The majority of investors trade on emotion, mostly fear and greed, and this is not easy to overcome. It took me many years.

I have a strong buy because of the low valuation and a new future now that a discovery has been made and some of Mother Nature&#39;s secrets at Cross hills now revealed.

Looking at the history on the chart, I expect resistance to be around 15 cents and then around 23 cents. There is some resistance around 10.5 cents, but 15 is more important because it would be a breakout.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202441880143_5.png" style="height:543px; width:830px" />

Important Disclosures:

<ol>
	<li>Ron Struthers: I, or members of my immediate household or family, own securities of: Capstone, Zonte Metals, and Midnight Sun. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
	<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</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>

Struthers Resource Stock Report Disclosures

All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information &amp; data were obtained from sources believed to be reliable, but because the information &amp; data source are beyond the author&#39;s control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information &amp; statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, &amp; may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser &amp; is not acting as such in this publication.

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