Core Viewpoint - Allied Critical Metals Inc. has provided an update on its use of funds following a concurrent financing of approximately $4.6 million, emphasizing the prioritization of exploration at the Borralha Tungsten Project to achieve a preliminary economic assessment by summer 2025 [1][3][4]. Summary by Relevant Sections Use of Funds - The company plans to allocate the funds from the concurrent financing as follows: - Borralha Phase 1: $492,600 - Borralha Phase 2: $1,503,200 - Vila Verde Phase 1: $0 (not funded) - Vila Verde Phase 2: $0 (not funded) - Prepayment on 2027 Note: $100,000 - General and administrative costs: $180,000 - Investor relations services: $885,500 - Additional working capital: $231,866 - Total estimated use of funds is $3,574,811, which is $245,824 less than the maximum projected amount of $3,820,635 [2][5]. Exploration Focus - The company is prioritizing the Borralha project for exploration, which is expected to enable the completion of a preliminary economic assessment (PEA) or prefeasibility study (PFS) by the end of summer 2025. Drilling at Borralha is anticipated to commence on May 22, 2025 [3][4]. Investor Relations Strategy - A total of $885,500 has been allocated for investor relations services to enhance the company's profile and facilitate future capital raising efforts following the completion of the PEA/PFS [4][5]. Market Context - The tungsten market is currently valued at approximately $5 to $6 billion USD, with prices having risen by 25% from $320/MTU to $400/MTU over the past five months. This increase is attributed to a favorable macroeconomic environment for tungsten, which is considered a critical metal [4][12]. Management Changes - Sean Choi has been appointed as the new Chief Financial Officer, replacing Keith Margetson, who will continue as a consultant [8][9]. Stock Options and RSUs - The company has granted 3,500,000 stock options at an exercise price of $0.22 per share and 4,097,760 restricted share units (RSUs) to its directors, officers, employees, and consultants [10][11].

Core Viewpoint - Landstar System, Inc. is under investigation for potential violations of federal securities laws following the disclosure of significant supply chain fraud that may impact its earnings [1][2]. Financial Impact - On April 2, 2025, Landstar announced that the identified fraud could adversely affect its first quarter 2025 earnings per share by a range of $0.35 to $0.50, leading to the withdrawal of its previous earnings guidance [2]. - Following this announcement, Landstar's stock price dropped by $13.30, or 8.75%, closing at $138.63 per share on April 3, 2025 [3]. - On April 25, 2025, Landstar disclosed it would be unable to timely file its quarterly report due to ongoing evaluations related to the fraud, resulting in a further stock price decline of $4.92, or 3.5%, closing at $135.00 per share [4][3]. Legal and Investigative Actions - Glancy Prongay & Murray LLP is leading an investigation on behalf of Landstar investors regarding the potential securities law violations [1]. - Investors who have suffered losses are encouraged to inquire about pursuing claims to recover their losses [2]. - Whistleblowers with non-public information about Landstar may receive rewards under the SEC Whistleblower Program, which can total up to 30% of any successful recovery made by the SEC [6]. Company Background - Glancy Prongay & Murray LLP is a prominent law firm specializing in securities litigation and has a strong track record in recovering funds for investors [7][8].

The last couple of months now have been a really positive time for shareholders of Rivian Automotive, Inc. (NASDAQ: RIVN ). As the stock market has rebounded following the start of the trade wars and the subsequentCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E& ...

Announces Glass Lewis - For the Second Time in Three Weeks - Rejected Yet Another Attempt by the Sherwood Group to Take Control of Barnwell Sets the Record Straight in Response to the Sherwood Group's Misleading Claims Company Welcomes Heather Isidoro to the BoardHONOLULU, May 16, 2025 /PRNewswire/ -- Barnwell Industries, Inc. (NYSE American: BRN) ("Barnwell" or the "Company") today reiterated its commitment to serving the best interests of all shareholders, upholding governance best practices and creating ...

Celestica Inc. (NYSE: CLS ) may not be a household name, but this Toronto-based electronics manufacturer has quietly positioned itself as a big winner in some of today’s hottest technology and industrial trends. In many ways, Celestica is"AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools and applications. I have increasingly deep ...

Apple and Epic Games are reportedly sparring over Apple’s denial of Epic Games’ resubmission to place its game Fortnite in the App Store.Epic Games said Friday that its resubmission was denied by Apple, while Apple responded that it did not remove the game from alternative distribution marketplaces, CNBC reported Friday (May 16).The Fortnite account said in a post on X: “Apple has blocked our Fortnite submission so we cannot release to the US App Store or to the Epic Games Store for iOS in the European Unio ...

Core Viewpoint - KULR Technology Group experienced a significant decline in stock price due to a revenue miss and a deepening net loss, contrasting with the overall market performance [1]. Financial Performance - KULR reported a 40% increase in revenue for Q1, reaching $2.45 million, but the net loss expanded to $18.8 million ($0.07 per share) from a loss of slightly over $5 million in the previous year [2]. - Analysts had anticipated a higher revenue of $3 million, while the consensus for net loss was aligned with the actual figure of $0.07 per share [4]. Factors Contributing to Loss - The increased net loss was largely attributed to KULR's investments in Bitcoin mining and purchasing, which resulted in an unrealized loss of $9.7 million during the quarter [5]. - Higher selling, general, and administrative (SG&A) expenses, along with increased research and development (R&D) costs, also contributed to the financial downturn [5]. Company Strategy and Market Sentiment - KULR's CFO expressed confidence in the company's Bitcoin treasury strategy, indicating a long-term perspective despite short-term price fluctuations [6]. - However, investor sentiment appears to be cautious regarding the company's heavy involvement in cryptocurrency, raising concerns about its financial stability [6].

We are currently offering a free two-week trial to Distressed Value Investing . Join our community to receive exclusive research about various companies and other opportunities along with full access to my portfolio of historic research that now includes over 1,000 reports on over 100 companies.Magnolia Oil & Gas (NYSE: MGY ) delivered strong Q1 2025 production results with total production around 3% above its guidance. As a result of its well outperformance and improved capital efficiency, Magnolia has als ...

If you are interested in keeping up to date with stocks making moves within the biotech, pharma and healthcare industries, and understanding the key trends and catalysts driving valuations ahead of the market, why not subscribe to my weekly newsletter via my Investing Group, Haggerston BioHealth?Septerna (NASDAQ: SEPN ) is a San Francisco based biotech that completed its IPO in October 2024, raising ~$331.2m via the issuance of 18.4m shares priced at $18 per share. As is typical of most biotech stocks post- ...

Telsey Advisory Group analyst Cristina Fernández reiterated the Market Perform rating on Foot Locker, Inc. FL on Friday, raising the price forecast from $20 to $24.Foot Locker shares rocketed premarket on Thursday after the company disclosed a definitive deal to be acquired by Dick’s Sporting Goods Inc DKS which values Foot Locker’s equity at around $2.4 billion and its enterprise at about $2.5 billion.As per the deal, Foot Locker shareholders will have the option to receive either $24 in cash or 0.1168 sha ...