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American Nickel Dominance, Cannabis Rescheduling, And Hut 8 Lands Anthropic AI Compute Deal
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Talon Metals and Lundin Mining Come Together For American Nickel Dominance
Talon Metals (TSX: TLO) struck a new deal with Lundin Mining (TSX: LUN) to acquire their Eagle Mine and Humboldt Mill in an all stock deal. The Eagle Mine is currently the only primary nickel mine in the United States of America that is currently operational and in production. The Lundin family will invest approximately $5.6 million into Talon Metals through a new equity financing round as part of the acquisition and will join the company’s board of directors.
Cannabis Lands Historic Executive Order For Rescheduling
President Donald Trump signed a new executive order to reschedule cannabis to a Schedule III controlled substance in the United States of America. The new executive order directs the Drug Enforcement Administration to expedite their rescheduling of cannabis, which will enable clinical research for universities, drug companies and hospitals. Further, it is widely expected that the move would remove the IRS 280E rule which does not currently allow cannabis businesses to write off normal business expenses for tax deductions.
Hut 8 Lands AI Compute Deal With Anthropic and Fluidstack
Hut 8 (NASDAQ: HUT) formed a new partnership with Anthropic and Fluidstack to deploy data centre infrastructure in the United States for artificial intelligence workloads. Hut 8 has committed to deploying up to 2,295 megawatts of total power capacity as part of the new deal with Anthropic and Fluidstack and will deploy a minimum of 245 megawatts of total power capacity imminently.
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The Sprint
Energy Fuels (NYSE: UUUU) successfully validated that their high purity dysprosium oxide has passed all initial purity tests of a South Korean automotive manufacturing company to be used in permanent magnets.
SoFi Technologies (NASDAQ: SOFI) officially launched their own stablecoin known as SoFiUSD on the Ethereum blockchain.
Coinbase (NASDAQ: COIN) launched stock trading on their exchange for the first time ever, and stated plans to roll out perpetual futures for stocks and ETFs.
Electric vehicle battery giant CATL officially deployed humanoid robots at their Luoyang battery facility located in Henan, China.
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Top Trends This Week
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