Another Billion For Uranium, Solana Versus Ethereum, and Psychedelic M&A

Another Week, Another Billion Dollars For Uranium

Sprott Physical Uranium Trust (TSX:U-U) announced a new program to raise up to $1 billion through new trust units to increase their physical uranium holdings. Uranium prices have continued to ascend, reaching their highest levels in more than a decade. The quest to find new uranium deposits to meet projected demand has led to a number of notable acquisitions, including ATHA Energy recently assembling Canada’s largest land portfolio for uranium exploration.

Solana’s Ecosystem is Gaining Ground on Ethereum

Solana has hit a new milestone, surpassing Ethereum in weekly volume for stablecoin transfers and NFT sales volume. One of the biggest areas of growth in Solana’s ecosystem is the influx of new tokens being minted on Solana’s SPL token standard, with more than 72,000 new tokens being minted in the past two weeks alone.

atai Life Sciences is Taking a Psychedelic Investing Trip

atai Life Sciences (NASDAQ:ATAI) announced a $50 million invstment into psychedelic drug developer Beckley Psytech, with the funds primarily going towards advancing the clinical development of their novel psychedelic compound for Treatment Resistant Depression and Alcohol Use Disorder.

The Sprint

• CleanSpark (NASDAQ:CLSK) has announced expansion plans that include the launch of their own Bitcoin trading desk.

• Shield AI raised $500 million to further advance their Hivemind technology, which leverages artificial intelligence to pilot planes in combat situations.

Trending Now

• BriaCell is Bringing New Breakthroughs To Breast Cancer

• Marathon Digital is Sizing Up Their Bitcoin Mining Operations

• The Small Region in Northern Canada That Could Power The Future of Nuclear Energy

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