BillionDollarBreaks Archive - Page 18 of 19

TuesdayJul 26, 2022 3:11 pm

BillionDollarBreaks – Tingo Inc. (TMNA), MICT Inc. (NASDAQ: MICT) File Form S-4 Merger Registration and Joint Proxy Statement

Tingo (OTC: TMNA) and MICT (NASDAQ: MICT) today announced that they have filed a registration and joint proxy statement with the Securities and Exchange Commission (“SEC”) in connection with their anticipated merger. According to the update, the merger is expected to create a >$1.0 billion annualized revenue and highly profitable fintech and agri-fintech company serving the African and Asian markets with a global expansion strategy. The SEC will now review the submission and, following its review and the registration statement being declared effective, shareholders of each company will have the ability to approve the merger. Upon approval of stockholders and…

WednesdayJul 13, 2022 2:22 pm

BillionDollarBreaks – Standard Lithium Ltd (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L) Releases Update on Key Developments

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project-development company, is reporting on recent corporate and project developments. Highlights of the update include additions to SLI management, a master service agreement (“MSA”) with Telescope Innovations (“TELI”), the progress of a DFS/FEED study award and increased shareholdings by senior management. Specifically, SLI named new positions and members to its management team, including Jason Tielker as vice president of project delivery and Angus Remfry as director of project delivery. In addition, the company is reviewing Pre-FEED deliverables related to its first commercial plant with the anticipation…

FridayJul 08, 2022 10:49 am

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Issues June 2022 Bitcoin Production, Mining Operation Updates

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, has published unaudited bitcoin (“BTC”) production and miner installation updates for June 2022. Among the highlights, the company reportedly produced 707 BTC in Q2 2022, up 8% year-over-year from Q2 2021, and now holds 10,055 BTC directly. “In the second quarter, we continued to work through several operational obstacles as we progressed with installing miners in Texas in preparation of energization,” said Fred Thiel, Marathon’s chairman and CEO. “In April and May, our bitcoin production was impacted by ongoing maintenance issues at the power generating facility…

WednesdayJun 29, 2022 12:36 pm

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Issues Update on Montana-Based Bitcoin Mining Operations

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, has disclosed that, as a result of a storm that passed through Hardin, Montana, earlier this month, the company’s mining operations in the region are currently without power and likely to remain offline until the damaged power generating facility can be repaired. Based on the latest inspection reports, Marathon’s Montana-based miners may have sufficient power to come back online in a reduced capacity as early as the first week of July. “The severe storm in Montana unexpectedly decreased our hash rate in June and presented us…

FridayJun 10, 2022 11:40 am

BillionDollarBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Announces May 2022 BTC Production, Mining Operation Updates

Marathon Digital Holdings (NASDAQ: MARA), one of the largest enterprise bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for May 2022. “Although we continue to install miners at the Texas facilities, we have experienced delays in energization as Compute North’s energy provider awaits federal agency confirmation of its exempt status for tax purposes based upon its arrangements with Compute North. While these delays have been disappointing, our current understanding is that miners should start to come online this month. We continue to work closely and actively engage with Compute North to gain…

MondayJun 06, 2022 1:40 pm

BillionDollarBreaks – Tingo Inc. (TMNA) Reports on Annual Shareholder Meeting Results

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, held its Annual Meeting of Stockholders last week. The meeting, which convened on June 2, 2022, had three agenda items, including the election of director nominees. The report noted that shareholders elected 10 director nominees for one-year terms. The nominees include Adewale Adebayo, John J. Brown, Christophe Francois Charlier, Christopher Cleverly, Gurjinder Johal, Leslie Kasumba, Dozy Mmobuosi, Onyekachi Onubogu, Dakshesh Patel and Derrick Randall. In addition, shareholders unanimously ratified the appointment of Gries & Associates LLC as Tingo’s independent accountants for the 2022 fiscal year and approved the compensation paid to the…

ThursdayMay 26, 2022 12:22 pm

BillionDollarBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Elects Directors at Annual Meeting of Shareholders

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, held the election of directors at its annual meeting of shareholders. The meeting was held virtually on May 25, 2022. During the meeting, the 10 nominees that were proposed for election by management were successfully elected. Elections were held via both proxy and electronic poll. The newly elected directors are J. Birks Bovaird, Mark S. Chalmers, Behamin Eshleman III, Ivy V. Estabrooke, Barbara A. Filas, Bruce D. Hansen, Jaqueline Herrera, Dennis L. Higgs, Robert W. Kirkwood and Alexander Morrison. All directors were elected by at…

ThursdayMay 19, 2022 1:03 pm

BillionDollarBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Enters Agreement for Major Rare Earth Land Position in Brazil

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, has signed binding agreements to secure an estimated 58.3 square-mile, heavy-mineral sand position. The agreements cover the acquisition of 17 mineral concessions located between Prado and Caravelas, towns in the state of Bahia, Brazil. Called the Bahia Project, the area has potential to feed the Energy Fuel’s White Mesa Mill with rare earth element and uranium bearing natural monazite sand for decades. “This is another very significant step in Energy Fuels' development as a major global rare earth element producer based in the United States,” said…

TuesdayMay 17, 2022 11:47 am

BillionDollarBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Announces Q1-2022 Results, to Host Video Webcast

Energy Fuels (NYSE American: UUUU) (TSX: EFR) today announced its financial results for the quarter ended March 31, 2022. Among the highlights, the company reported a robust balance sheet with $136.6 million of working capital, including $105.8 million of cash and marketable securities, $29.7 million of inventory, and no short- or long-term debt. “Energy Fuels continues to benefit from increases in the prices for all of the critical elements and materials we produce,” said Mark S. Chalmers, Energy Fuels’ president and CEO. “Though volatile, uranium prices have continued to exhibit strength and resilience, which we expect to continue as Russia’s…

FridayApr 29, 2022 3:16 pm

BillionDollarBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Stands Distinct in REE Processing, Production Capabilities

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S.-based uranium mining company that is also moving faster than any other company to re-establish a domestic rare earth elements (“REE”) supply chain, appears set to benefit from growth of the global REE market. A recent Mordor Intelligence article is reporting that the sector has reached an estimated 161,354.65 tons this year, with an expected compound annual growth rate (“CAGR”) of more than 4% between now and 2027. “According to Mordor, factors driving the growth of the market include high demand from emerging economies and dependency of ‘green technology’ on rare…

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