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- Psilocybin-Derived Phase III Success, A New Public Autonomous Defense Company, And A Mega Silver Streaming Deal
Psilocybin-Derived Phase III Success, A New Public Autonomous Defense Company, And A Mega Silver Streaming Deal
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Compass Pathways Validates Psilocybin Derived Drug In Phase III Clinical Trial
Compass Pathways (NASDAQ: CMPS) successfully achieved the primary endpoint for their COMP360 drug in their second Phase III trial for treating individuals with treatment resistant depression. COMP360 is a synthetic version of psilocybin that is manufactured as a pharmaceutical grade drug substance for clinical use in patients with treatment resistant depression and is one of the most advanced psychedelic derived drug candidates in the world.
Unusual Machines Backs New Autonomous Defense Robotics Company
Defense tech company XTEND entered into a reverse merger with JFB Construction Holdings (NASDAQ: JFB) to become a publicly traded company. XTEND has developed artificial intelligence technology for semi-autonomous control of drones and robots in combat situations that are supervised by humans. Unusual Machines (NYSE: UMAC) and Eric Trump are both strategic investors in the financing round that is concurrent with the reverse merger deal.
Wheaton Precious Metals Strikes Massive Silver Deal With BHP
Wheaton Precious Metals (NYSE: WPM) formed a new multi billion dollar streaming deal with BHP (NYSE: BHP) for silver production. Wheaton Precious Metals will pay BHP $4.3 billion upfront as part of the new deal in exchange for 33.75% of the silver produced from the Antamina Mine located in Peru. The new agreement between Wheaton Precious Metals and BHP is the single largest upfront payment for a precious metals streaming deal ever.
The Alex Wylie Interview: American Oilfields And The Inflection Point For Direct Lithium Extraction
Alex Wylie is the President and CEO of LibertyStream Infrastructure Partners (TSXV: LIB), a company building critical-minerals infrastructure directly inside the U.S. oil and gas system. In this exclusive interview with The New Money, Alex Wylie explains why Direct Lithium Extraction is approaching a commercial inflection point, how LibertyStream is de-risking lithium production from brine to carbonate, and why U.S. oilfield basins could emerge as some of the world’s most important lithium resources.
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The Sprint
Robinhood (NASDAQ: HOOD) officially started raising capital for the IPO of Robinhood Ventures Fund I, which is aiming to give retail investors access to private companies that are raising venture capital funding.
Velo3D (NASDAQ: VELO) landed a new multi year production deal with a United States defense contractor for $11.5 million, and publicly stated they will supply 3D printed system components for a highly sensitive program for national security.
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