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Underwater Exploration Robots, Microgravity Drug Development, And The USA's New Lithium Mine
The markets and trends that matter, made simple. Discover what’s next.
The Canadian Robotics Company Cashed Up For Expansion
Kraken Robotics (TSXV: PNG) successfully raised $51.75 million in a new financing round. A leader in underwater robotics, Kraken has developed purpose built robots for better understanding the oceans through subsea sensors and high resolution 3D imaging technology. The company works with government agencies around the world on underwater exploration for defense, energy, and more.
Exploring New Drug Development In Space
Redwire (NYSE: RDW) and Bristol-Myers Squibb (NYSE: BMY) have formed a new partnership for an investigation on the International Space Station to study small molecular compounds in microgravity and leveraging Redwire’s pharmaceutical drug development platform.
The USA Is Bringing A New Lithium Mine Into Production
Ioneer (NASDAQ: IONR) has been granted official approval for their Rhyolite Ridge lithium-boron mine in Nevada from the United States Bureau of Land Management, marking the first lithium project in the United States of America to win an approval to begin full scale production as a mine under the current presidential administration.
The Sprint
Nvidia (NASDAQ: NVDA) has backed Carbon Robotics through their venture capital arm. The startup’s AI-powered agricultural robots use lasers to kill up to 5,000 weeds per minute.
AST SpaceMobile (NASDAQ: ASTS) has been selected by the United States Space Development Agency to compete for future satellite prototype demonstration projects.
Emory University has been revealed to own exposure to Grayscale’s Mini Bitcoin Trust (NYSE: BTC), marking the first time a US university has ever owned exposure to Bitcoin through traditional public markets.
Wheaton Precious Metals (NYSE: WPM) entered into a new gold streaming deal with Montage Gold (TSXV: MAU) that will provide Montage with $625 million of upfront cash.
Philip Morris (NYSE: PM) has seen their share price hit a new all time high driven largely by the breakout success of their Zyn nicotine pouch brand.
Stripe, one of the world’s most valuable private companies, has acquired stablecoin company Bridge Network for $1.1 billion.
DevvStream Holdings (CBOE: DESG) entered into a purchase agreement for 1.2 million carbon credits that are anticipated to preserve ~200,000 hectares of Amazon rainforest.
The Markets This Week
+152.1% | Sol Strategies (CSE: HODL) shifted focus to becoming a large owner of Solana as well as providing unique exposure to other Solana based projects and staking infrastructure.
+32.2% | PureCycle Technologies (NASDAQ: PCT) previously announced a new record of successfully recycling more than a million pounds of plastic feedstock in a single week at their flagship facility in Ohio.
+27.5% | IonQ (NASDAQ: IONQ) was previously awarded a $54.5 million contract from the United States Air Force Research Lab to design and deploy quantum computing technology and hardware.
+21.8% | TeraWulf (NASDAQ: WULF) recently sold their minority interest in the Nautilus Bitcoin mining property to Talen Energy (NASDAQ: TLN) for $85 million in cash.
+17.2% | Lithium Americas (NYSE: LAC) formed a new joint venture last week with General Motors to fund the construction and operation of the Thacker Pass lithium project.
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