Samsung Securing Nickel, BlackRock's Half Billion For Bitcoin, and The Next Big Biotech IPO

Samsung Is Getting Strategic About Securing Nickel Supply

Canada Nickel Company (TSXV:CNC) has secured an $18.5 million strategic investment from Samsung SDI, one of the world’s leading suppliers of lithium-ion batteries. The investment follows a recent $34.7 million raise by Canada Nickel that was led by multinational miner Agnico Eagle.

BlackRock Pours Half a Billion Into Bitcoin

iShares Bitcoin Trust (NASDAQ:IBIT), BlackRock’s new spot Bitcoin ETF, spent $497 million to purchase 11,439 Bitcoin in the first two days following the SEC’s approval for the vehicle. BlackRock’s ETF was one of 11 approved by the SEC, which combined earned approximately $1.4 billion of inflows in the first 48 hours of trading.

Alto Neuroscience Wants To Be The Next Big Biotech IPO

Alto Neuroscience has officially filed with the SEC to raise $100 million in an IPO on the New York Stock Exchange. The company leverages artificial intelligence to analyze biomarkers in patients to be able to precisely determine which therapeutics will be most effective for them, and has a number of notable investors including Christian Angermayer’s Apeiron Group, Steve Cohen’s Point72, Eli Lily, and Franklin Templeton.

The Sprint

• Circle, the company best known for issuing the USDC stablecoin, has confidentially filed for an IPO.

• Imagindairy received FDA approval for their animal-free milk proteins, which are derived through a process called precision fermentation. 

• Arbitrum, the Layer 2 Ethereum scaling technology powering low cost transactions, has continued to explode in popularity, reaching a market capitalization of over $21 billion.

The Markets

+122.6% | Abaxx Technologies (CBOE:ABXX) in the past 60 days. The Canadian company is building a new type of futures exchange, and was recently backed by BlackRock in a $30 million financing round.

+52.2% | Canada Nickel Company (TSXV:CNC) in the past 5 days. The company has completed two recent strategic financings with Agnico Eagle and Samsung SDI and is aiming to be one of the first to sustainably mine nickel.

+14.0% | Physical Uranium so far this year. At $104 per pound, uranium is now at its highest price since 2007 and is leading exploration companies to embark on ambitious plans to make new high grade discoveries.

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• Canada’s New $1.5 Billion Critical Mining Fund

• A New Era of Seafood Is Getting Funded

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