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- Teck Launches New Copper Company, Drones For The Japanese Army, And A Major Robotaxi Partnership In The USA
Teck Launches New Copper Company, Drones For The Japanese Army, And A Major Robotaxi Partnership In The USA
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Teck Resources Is Forming A New Company For American Copper Exploration
Kodiak Copper (TSXV: KDK) and Teck Resources (NYSE: TECK) entered into a deal to form a new copper company known as Kay Copper to focus on projects located solely in the United States of America. Teck Resources will sell their Copper Hill project located in Arizona to the newly formed company and Kodiak Copper will sell their Mohave project in Arizona to Kay Copper as part of the deal, resulting in company each owning approximately a 28% equity stake in Kay Copper.
The Japanese Army Is Buying Drones From Red Cat Holdings
Red Cat Holdings (NASDAQ: RCAT) won a new contract from the Japanese Army to supply them with 173 Black Widow drone systems, marking the first order between the company and the Japanese Army. Red Cat Holdings recently made waves when they acquired California based software company Apium Swarm Robotics who develops proprietary control systems to enable large amounts of drones to operate together autonomously.
Uber and Hertz Are Partnering Up For Robotaxis
Hertz Global Holdings (NASDAQ: HTZ) and Uber (NYSE: UBER) formed a new partnership focused on autonomous robotaxis. Hertz has launched a new subsidiary known as Oro Mobility that will manage fleets of self driving Lucid (NASDAQ: LCID) cars that are powered by Nuro’s autonomous technology. Hertz and Uber will initially only begin rolling out robotaxis in San Francisco and have not yet publicly disclosed when they will launch in other major cities.
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The Sprint
Alberta Investment Management Corporation purchased $219 million of Strategy (NASDAQ: MSTR) shares in the open market.
Silver Bow Mining (NYSE: SMBT) successfully raised $59.2 million in their IPO financing round and began trading on the New York Stock Exchange.
L3Harris Technologies (NYSE: LHX) officially filed a Form S-1 with the United States Securities and Exchange Commission to spin out Missile Solutions as its own publicly traded company through an IPO.
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