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  • GM Secures American Made Rare Earth Magnets, Sharplink Keeps Stacking Ethereum, And A Multi Million Pound Uranium Supply Deal

GM Secures American Made Rare Earth Magnets, Sharplink Keeps Stacking Ethereum, And A Multi Million Pound Uranium Supply Deal

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General Motors Cuts New Deal For American Made Rare Earth Magnets

General Motors (NYSE: GM) has formed a new deal with Noveon Magnetics for the supply of rare earth magnets to be used in the manufacturing of new full size SUVs and trucks. This is one of the first major new deals for rare earth magnets that General Motors has struck as part of their effort to reduce their dependence on China being their primary source of supply for rare earth elements.

Sharplink Gaming (NASDAQ: SBET) surpassed $2 billion of Ethereum holdings following their recent raise of $200 million in a new equity financing round. Sharplink is now the second largest holder of Ethereum amongst all publicly traded companies in the world, and 100% of their Ethereum is being staked to generate additional yield.

NexGen Energy Secures Multi Million Pound Uranium Supply Deal

NexGen Energy (NYSE: NXE) has landed a new uranium supply deal with a utility company to provide them with 1 million pounds of uranium annually for five years, doubling the company’s contracted volume to 10 million pounds. NexGen’s flagship Rook I property located in the Athabasca Basin is widely expected to become the lowest cost producing uranium mine in the entire world.

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