Stockwinners Market Radar for August 11, 2023 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

18:08 EDT Hut 8 Mining announces production highlights for July - Production highlights for July 2023:116 Bitcoin were generated, resulting in an average production rate of approximately 3.7 Bitcoin per day. 100 Bitcoin - 50 Bitcoin produced in June and 50 Bitcoin produced in July - were sold during the month for proceeds totalling $3.9M. Total balance of Bitcoin in reserve was 9,152 on July 31 - 8,305 of which was unencumbered. Installed ASIC hashrate capacity at our Alberta facilities was 2.6 EH/s at the end of the month. Hut 8 produced 44.6 BTC/EH in July.

17:20 EDT AMC Entertainment falls 26% after court approves revised stock-conversion plan - In after-hours trading, shares are down 26% to $3.89.

17:02 EDT Copa Holdings reports preliminary July traffic up 12.5%, capacity up 9.9% - For the month of July, Copa Holdings' capacity increased 9.9%, while system-wide passenger traffic increased 12.5%, compared to 2022. As a result, system load factor for the month was 89.0%, 2.0 percentage points higher than July 2022.

16:40 EDT Chindata enters go private transaction with BCPE Chivalry - Chindata announced that it has entered into an agreement and plan of merger with BCPE Chivalry Bidco and BCPE Chivalry Merger Sub Limited, a wholly owned subsidiary of parent. Pursuant to the merger agreement, merger sub will merge with and into the company, with the company continuing as the surviving company and becoming a wholly owned subsidiary of parent, in a transaction implying an equity value of the company of approximately $3.16B. As a result of the merger, the company will become a wholly owned subsidiary of parent. Pursuant to the merger agreement, at the effective time of the merger, each Class A ordinary share, par value US$0.00001 per share, and each Class B ordinary share, par value US$0.00001 per share issued and outstanding immediately prior to the effective time, other than the excluded shares, the dissenting shares and shares represented by American depositary shares of the company, will be cancelled and cease to exist, in exchange for the right to receive $4.30 in cash without interest and net of any applicable withholding taxes, and each outstanding ADS, other than the ADSs representing the excluded shares, together with each share represented by such ADSs, will be cancelled in exchange for the right to receive $8.60 in cash without interest and net of any applicable withholding taxes and certain fees to the ADS depositary. The merger consideration represents a 7.5% increase from the purchase price contemplated by the preliminary non-binding proposal letter delivered by BCPE Bridge Cayman, L.P. and BCPE Stack Holdings, L.P. to the company on June 6. The merger consideration also represents a premium of approximately 42.6% to the closing price of the ADSs on June 5, the last trading day before the company's receipt of the preliminary non-binding proposal letter from the Bain Shareholders, and a premium of approximately 48.7% to the volume-weighted average trading price of the ADSs during the 30 trading days prior to and including June 5. The Bain shareholders and the other Investors have entered into support agreements with Topco and Parent, whereby, among other things, subject to the terms and conditions of the applicable support agreement, the Investors have agreed to vote all the equity securities of the company beneficially owned by such Investors in favor of the the authorization and approval of the merger agreement and the consummation of the merger, have all or a portion of the shares beneficially owned by such applicable Investors cancelled at the effective time for no consideration from the company and receive newly issued shares of Topco, and (iii) make or cause to be made cash contribution in accordance with the equity commitment letters and to subscribe for newly issued shares of Topco at or immediately prior to the effective time. As of the date of this press release, the Investors collectively beneficially own shares representing approximately 95.26% of the outstanding voting power of the company and approximately 65.67% of the outstanding shares. The merger will be funded through a combination of cash contribution from the sponsors or their affiliates pursuant to their respective equity commitment letters, debt financing provided by Shanghai Pudong Development Bank. Lujiazui Sub-branch and Industrial Bank Co. Shanghai Branch and equity rollover by each of the Investors who are existing shareholders of the company of their respective rollover shares. The company's board of directors, acting upon the unanimous recommendation of a committee of independent directors established by the board of directors, approved the merger agreement and the merger, and resolved to recommend that the company's shareholders vote to authorize and approve the merger agreement and the merger. The special committee negotiated the terms of the merger agreement with the assistance of its independent financial advisor and legal advisors. The merger is currently expected to close during the fourth quarter of 2023 or the first quarter of 2024 and is subject to customary closing conditions, including among others, that the authorization and approval of the merger agreement by the affirmative vote of shareholders representing at least two-thirds of the voting power of the shares present and voting in person or by proxy at a general meeting of the company's shareholders, and that shareholders of the company holding less than 12% of the total issued and outstanding shares immediately prior to the effective time shall have validly served and not withdrawn a notice of objection under Section 238 of the Companies Act of the Cayman Islands. If completed, the merger will result in the company becoming a privately held company and its ADSs will no longer be listed on the Nasdaq Global Select Market.

16:33 EDT Curo Group announces agreement with DirectPay - Curo Group announced an agreement with Toronto, Ontario-based payment technology company DirectPay to further enhance CURO's consumer loan repayment capabilities. Beginning in August 2023, CURO's ~250,000 Cash Money and LendDirect customers in Canada will be able to choose Interac e-Transfer to make highly secure, near real-time payments that will often process in under a few minutes. CURO already uses Interac e-Transfer to quickly deliver loan funds to consumers and will now extend the same benefits to customers who seek a more secure, faster way to make electronic loan payments. "This new payment method will not only give our customers more convenient options for how they make payments, but will also give them peace of mind, knowing their payments have typically been processed the same day," said Doug Clark, CURO's CEO. Interac e-Transfer is accessible by over 99% of Canadian consumers, and is integrated with over 250 different banking and financial institutions.

16:25 EDT Chindata Group trading halted, news pending

16:21 EDT U.S. Silica names Jay Moreau as COO, succeeding Mike Winkler - U.S. Silica Holdings announced that it has appointed Jay Moreau as its Executive Vice President and COO, effective August 14. Moreau will succeed Mike Winkler in his role as COO, as Winkler notified the company earlier this year of his planned retirement. To ensure an orderly transition, Winkler will continue with the company in a strategic advisory role through September 2023, then shift to a consulting role. Moreau served as CEO of the U.S. Aggregates and Construction Materials operations of Holcim US, a global leader in innovative and sustainable building solutions, from February 2019 to January 2023.

16:17 EDT Badger Meter raises quarterly dividend 20% to 27c from 22.5c per share - The Board of Directors of Badger Meter authorized a 20% increase in its quarterly common stock dividend to 27c per share from 22.5c per share. The increased dividend is payable September 8 to shareholders of record on August 25. The new annual dividend rate for common stock is $1.08 per share.

16:08 EDT Diebold emerges from restructuring, shares to be relisted on NYSE on 8/14 - Diebold Nixdorf confirmed that it has completed its financial restructuring and has emerged from the related Chapter 11 and Dutch proceedings as anticipated per the company's previous announcement on August 9. It's expected that new shares in the emerged company will begin trading on the New York Stock Exchange under the symbol "DBD" on Monday, August 14.

13:33 EDT Acri Capital Acquisition extends deadline to reach initial business combination - Acri Capital Acquisition Corporation, a special purpose acquisition company, announced that, in order to extend the date by which the company must complete its initial business combination from August 14 to September 14, 2023, Acri Capital Sponsor, the sponsor of the company, has deposited into its trust account an aggregate of $75,000. Pursuant to the company's Amended and Restated Certificate of Incorporate currently in effect, the company may extend on monthly basis from July 14, 2023 until April 14, 2024 or such an earlier date as may be determined by its board to complete a business combination by depositing the new monthly extension payment for each month into the trust account, the company explained.

13:30 EDT Sigma Lithium to reach 270K tonnes of Triple Zero Green Lithium in Q3 - SIGMA Lithium Corporation provides an operational and ESG update following the first shipment of its Triple Zero Green Lithium in July. Ramp-up of Phase 1 production continues to advance on schedule and the company remains on track to achieve 2023 production guidance of 130,000 tonnes of Triple Zero Green Lithium with consistent annualized production of 270,000 tonnes of Triple Zero Green Lithium expected to be achieved by the end of Q3-2023. Recent positive operational achievements include operating the Greentech Plant at approximately 85% utilization rates, which is commensurate with the designed ramp-up schedule. Additionally, the Company successfully calibrated the dry stacking circuit belt filter of the Greentech Plant in July 2023, which continues to provide positive results and enabled the Company to achieve 95% of nameplate throughput capacity in August month-to-date and to achieve several consecutive days of design nameplate recovery rates of 65%. As a result of this operational success, Sigma Lithium recently achieved record daily production of 846 tonnes of Triple Zero Green Lithium, which met expected specifications. As the Greentech Plant continues to maintain a steady pace of acceleration and is on pace to reach consistent nameplate production in Q3 2023, Sigma Lithium expects to have its second shipment of 15,000 tonnes of Triple Zero Green Lithium by the end of August, 30,000 tonnes of Triple Zero Green Byproducts by mid-September and 18,000 tonnes of Triple Zero Green Lithium by the end of September. In addition to the the successful ramp-up activities with the current plant equipment, as a contingency plan the company expects to install a Metso LAROX filter in order to mitigate any potential future bottlenecks.

12:45 EDT Swiftmerge Acquisition Corp trading resumes

12:00 EDT Nine Energy Service falls -9.6% - Nine Energy Service is down -9.6%, or -47c to $4.48.

12:00 EDT Tupperware Brands falls -17.0% - Tupperware Brands is down -17.0%, or -66c to $3.22.

12:00 EDT IonQ rises 22.6% - IonQ is up 22.6%, or $3.21 to $17.40.

11:59 EDT Penn Entertainment registers 1.25M shares for sale by Dave Portnoy - In a regulatory filing, Penn Entertainment filed a prospectus supplement that forms a part of the Registration Statement on Form S-3ASR via which the selling shareholder, David Portnoy, may offer and resell up to 1,254,800 shares of the company's common stock. The filing indicates that Portnoy beneficially owned 1,481,600 shares of the common stock prior to this offering. Earlier this week, Penn sold Barstool Sports back to founder Dave Portnoy in exchange for certain non-compete and other restrictive covenants.

11:54 EDT Paragon calls on Ocean Power to refrain from equity issuances - Paragon Technologies, a diversified holding company which owns approximately 4.0% of the outstanding shares of Ocean Power Technologies, calls on OPT to REFRAIN from ALL future equity share sales that will dilute shareholders and immediately announce a significant cost cutting plan to demonstrate the Board's commitment to protecting shareholder value. Paragon said, "On August 2, 2023 Paragon issued a press release asking OPT to answer critical questions regarding the future viability of the Company in response to OPT's 10-K filing disclosure that the Company has enough cash to last through at least July 31, 2024, or less than one year from today. As shareholders, we asked the Board to demonstrate its stated commitment to enhancing ALL shareholder value by addressing: How the Company will fund its business without diluting shareholders. Provide shareholders with an accountable business plan to get OPT to cash flow breakeven. Reducing Board and named executive compensation given that such compensation has historically EXCEEDED the TOTAL ANNUAL REVENUE of the Company. In response to our questions, on August 7, OPT announced a share offering whereby the Company intends to sell up to $13.8 million of its shares in the market. Seeking to raise $13.8 million when OPT has $34.8 million and adequate time to reduce expenses seems to indicate no desire to cut costs. Since the August 7 announcement, OPT's share price has DECLINED by nearly 15% from $0.55 to $0.47. Rather than reduce expenses, OPT instead continues to take actions that are not enhancing shareholder value but, as the market has indicated, destroying shareholder value. OPT continues to ignore shareholders' request for a viable and measurable business plan that shows a significant reduction in annual expenses. What is the OPT Board hiding from shareholders? We call on OPT's Board and management to cease from issuing any further equity issuances which are likely to harm shareholders. The Company needs implement an immediate and significant cost cutting plan. Instead of diluting shareholders by 50% - while the Board and management continue to pay themselves fees and salaries that exceed OPT's annual revenues - management should take immediate action and announce a 50% reduction in quarterly and annual cash burn. With approximately $34 million in cash and ST investments as of April 30, 2023, OPT needs to immediately implement a business plan that reduces quarterly expenses to $2.5 million or approximately $10 million per year. We believe this cost structure will create a more disciplined organization and allow OPT the appropriate time to focus on the most promising areas of its business. We believe the announcement of an aggressive and necessary cost cutting plan is the critical first step for OPT and that the market would view this plan favorably. If Paragon's nominees are elected to the Board, we will take immediate steps to: immediately and significantly reduce expenses. develop a measurable plan that will bring OPT to cash flow break even. Implement a disciplined and focused capital allocation strategy. focus on the potential growth of the Company's intelligence data and leverage the possible market opportunities of Marine Advanced Robotics."

11:34 EDT Novartis completes acquisition of Chinook Therapeutics - Novartis (NVS) announced that it has completed its acquisition of Chinook Therapeutics, a biopharmaceutical company focused on the discovery, development, and commercialization of precision medicines for kidney diseases, in a transaction valued at up to $3.5B. Chinook stockholders will receive $40.00 in cash per Chinook share for a total of $3.2B, plus up to a further $4.00 in cash per Chinook share, through a contingent value right, or CVR, upon the achievement of certain regulatory milestones, representing a potential additional $300M in aggregate contingent consideration. "We are excited to complete this important transaction and look forward to leveraging our combined resources and expertise to further advance the development of these promising treatments for the benefit of patients with rare, severe chronic kidney diseases. We welcome the Chinook team to Novartis as we expand our renal portfolio and continue our journey to reimagine medicine," said Vas Narasimhan, M.D., CEO of Novartis.

10:55 EDT Swiftmerge Acquisition Corp trading halted, news pending

10:30 EDT Lottery.com trading halted, volatility trading pause

10:00 EDT Medical Properties Trust falls -7.6% - Medical Properties Trust is down -7.6%, or -61c to $7.51.

10:00 EDT P10 rises 11.7% - P10 is up 11.7%, or $1.39 to $13.24.

10:00 EDT Ouster rises 21.8% - Ouster is up 21.8%, or $1.11 to $6.21.

09:47 EDT Miniso falls -6.6% - Miniso is down -6.6%, or -$1.32 to $18.88.

09:47 EDT Offerpad Solutions rises 9.2% - Offerpad Solutions is up 9.2%, or 91c to $10.78.

09:47 EDT Archer Aviation rises 11.8% - Archer Aviation is up 11.8%, or 69c to $6.52.

09:21 EDT Foresight Autonomous signs POC project with industrial equipment manufacturer - Foresight Autonomous Holdings signed a paid proof of concept project with the Chinese subsidiary of a manufacturer of industrial equipment, heavy machinery, construction and mining equipment. Foresight was selected over other three-dimensional perception vision solutions due to its accurate and high-resolution point cloud and all object detection capabilities in harsh weather, environment and lighting conditions. A successful POC project may lead to the integration of Foresight's technology into the industrial equipment manufacturer's construction and mining trucks. The industrial equipment manufacturer will evaluate Foresight's technology to add 360 degrees 3D perception capabilities to its mining and construction trucks, offering an alternative to its existing LiDAR sensors. Foresight's QuadSight vision solution uses both visible-light and thermal cameras to deliver a comprehensive vision system capable of addressing the driving challenges in construction and mining settings. These challenges include off-road navigation, detection of non-classified objects in dusty surroundings and enabling safe driving in pitch-dark conditions. In addition, the industrial equipment manufacturer will evaluate Foresight's DynamiCal(TM) automatic calibration solution to enable continuous calibration of the cameras while its trucks encounter intense vibrations to ensure an accurate 3D image of the environment.

09:16 EDT Diana Shipping announces time charter contract for m/v Semirio - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$14,150 per day, minus a 5% commission paid to third parties, for a period until minimum November 20, 2024 up to maximum January 30, 2025. The charter is expected to commence on August 20, 2023. The "Semirio" is an 174,261 dwt Capesize dry bulk vessel built in 2007. The employment of "Semirio" is anticipated to generate approximately US$6.38 million of gross revenue for the minimum scheduled period of the time charter.

09:07 EDT Amcor to acquire Phoenix Flexibles, terms not disclosed - Amcor announced it has entered into an agreement to acquire Phoenix Flexibles, expanding Amcor's capacity in the high-growth Indian market. Phoenix Flexibles has one plant located in Gujarat, India, and the business generates annual revenue of approximately $20M from the sale of flexible packaging for food, home care and personal care applications. Amcor currently has four flexible packaging plants in India. The business has delivered double-digit organic sales growth per annum over the last three years, significantly outpacing growth in the underlying market, and is also investing to double its local footprint in the Pharmaceutical and Medical packaging categories. The acquisition is subject to customary closing procedures and is expected to close in the September 2023 quarter.

09:02 EDT Liquid Media announces continuing growth for DCU connect - Liquid Media Group announced the continuing growth of subsidiary Digital Cinema United's cloud based electronic delivery platform, DCU connect, with the addition of 100 new Exhibitors. As DCU continues to rollout DCU connect in theaters in North America, including Apple Cinemas, Cinepolis USA, Classic Cinemas, Faraway Entertainment, Flix Brewhouse, Galaxy Theatres, Gateway Film Center, iPic Theaters, Laemmle Theatres, Landmark Cinemas of Canada, Lark Theater, LOOK Cinemas, Mary D. Fisher Theater, Studio Movie Grill, as well as Caribbean Cinemas and numerous independent theaters in the Caribbean islands. With the addition of these Exhibitors, there are now over 1,500 theaters in the Americas that have joined the DCU Connect electronic delivery network.

09:01 EDT Uber announces new partnership with grocery chain Hy-Vee - Uber Technologies announced its new partnership with grocery chain Hy-Vee to offer on-demand and scheduled grocery delivery to customers across the Midwest, strengthening Uber Eats' grocery selection in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin. Now, more than 260 Hy-Vee grocery and liquor storefronts will be available to shop through Uber and Uber Eats. Just in time for the upcoming tailgating season, customers will be able to order their favorite Hy-Vee must-haves, from baked goods to produce and more, delivered on-demand, right to their doorsteps.

08:39 EDT Elicio Therapeutics announces upcoming milestones - AMPLIFY-201: Present additional analyses and data including T cell activity and relapse-free survival during the second half of 2023. AMPLIFY-7P: Initiate Phase 1B arm with recommended Phase 2 dose in the third quarter of 2023. ELI-008: Present initial preclinical proof of concept data for the p53 targeting cancer vaccine in the fourth quarter of 2023. ELI-002 7P: Begin start-up activities for combination protocol testing ELI-002 7P in combination with anti-PD-1 therapy for the treatment of KRAS-mutant PDAC in the fourth quarter of 2023. AMPLIFY-7P: Present initial interim data of ELI-002 7P monotherapy from Phase 1A arm in the first half of 2024.

08:38 EDT American Resources appoints Tarlis Thompson as CEO of American Carbon - American Resources Corporation announced that its Strategic Committee has approved the appointment of Tarlis Thompson as the Chief Executive Officer of its American Carbon subsidiary, a leading producer of high quality metallurgical and specialty carbon. Prior to his appointment as CEO he was the president in charge of overseeing all daily operations at American Carbon's Central Appalachian subsidiaries, which includes McCoy Elkhorn, Deane Mining, Wyoming County, Perry County and Knott County Coal.

08:32 EDT Jupiter Wellness closes acquisition of Safety Shot - Jupiter Wellness closed the acquisition of all of the operating assets of GBB Drink Lab Inc., including the formula, patent, know-how, clinical data, and inventory of the world's first rapid blood alcohol detox drink, branded as Safety Shot. Several members of the GBB Drink Lab's executive team, board members and advisors have joined Jupiter Wellness including Josh Wagner who now serves as the Company's Chief Revenue Officer and David Sandler who serves as Jupiter's Chief Operating Officer. John Gulyas, Founder and President of GBB Drink Lab has joined Jupiter's Board of Directors. Rick Pascuci, a beverage industry innovator, and David Long, CEO of Orange Theory Fitness, both former advisors to GBB Drink Lab, now serve on Jupiter's Advisory Board. Jupiter Wellness expects that a majority of its revenues will be driven by its Safety Shot business unit in the coming quarters and years. In alignment with its forecasts, Jupiter plans to change the Company's name to Safety Shot and change its stock ticker and CUSIP. The world's first rapid blood alcohol detoxification product, Safety Shot is created by a doctor, patented, and validated by initial research. Safety Shot lowers blood alcohol content by up to 50% in just 30 minutes.

08:15 EDT IO Biotech appoints Hunter to board of directors - IO Biotech announced the appointment of Heidi Hunter to its board of directors. Hunter will serve on the Audit Committee and the Nominating and Corporate Governance Committee of the Board. Hunter most recently served as President of Cardinal Health where she led the Specialty Solutions Business.

08:13 EDT Edible Garden announces launch of EG direct - Edible Garden announced the launch of EG Direct, a division of Edible Garden. This new division will source and provide, partner produce to the Company's retail distribution network partners. Jim Kras, Chief Executive Officer of Edible Garden, stated, "I am excited to announce the launch of EG Direct, a division of Edible Garden. The Company consistently outperforms the competition, as evidenced by our superior order fulfillment rates across all retailers and distribution partners, consistently surpassing industry norms. This high level of performance demonstrates Edible Garden's unwavering commitment to delivering excellent service and execution to its distribution network partners and their more than 4,000 retail locations. By continually exceeding partner expectations, we believe our retailers recognize Edible Garden as a reliable, trustworthy source of produce. We view EG Direct as an opportunity to leverage our relationships with retail partners, by adding new revenue streams through the distribution of key, high volume, produce items such as broccoli, carrots, and potatoes, to name a few."

08:13 EDT SAITECH announces conclusion of '2nd Bit Heat Day' event - SAI.TECH Global Corporation announced Wednesday that its 2nd "Bit Heat Day" ended with a grand finale with the presence and blessing of many friends and supporters at SAI NODE Marietta. Just 90 days ago, SAI made its debut in Marietta, Ohio. At that time, the site on Gravel Bank Road was an empty land, situated close to an electric substation. In just three months, the SAI team built SAI NODE Marietta from the ground. SAI NODE Marietta, located in Marietta, Ohio, consists of the SAI U.S. R&D Center and the OCEC Computing Heat Recycle Technology Development Center. The 2023 Bit Heat Day is also hosted by SAI.TECH and the non-profit organization OCEC.

08:10 EDT Perspective doses first patient in Phase 1/2a dose escalation trial of VMT01 - Perspective Therapeutics announces the first patient was dosed at the University of Wisconsin in the Company's Phase 1/2a dose escalation trial evaluating the safety and efficacy of 212Pb-VMT01 in patients with MC1R+ metastatic melanoma. The trial is a first-in-human, non-randomized, multi-center open-label dose escalation, dose expansion study of 212Pb-VMT01 in patients with histologically confirmed melanoma and a positive MC1R imaging scan.VMT01 has recently completed clinical imaging studies at Mayo Clinic, Rochester. Results were presented at the Society of Nuclear Medicine and Molecular Imaging Annual Meeting in Chicago. In addition, published preclinical data demonstrated durable complete responses in treatment-resistant models when combined with existing immunotherapy drugs used to treat melanoma. The Phase 1/2a study consists of a dose-escalation part designed to determine the Maximum Tolerated Dose or Maximum Feasible Dose following a single administration of 212Pb-VMT01 followed by a dose expansion based on the identified MTD/MFD for the selection of dose for further clinical development. Patients may be eligible to receive up to 3 administrations of 212Pb-VMT01 approximately 8 weeks apart. A dosimetry sub-study utilizing the SPECT imaging surrogate, 203Pb-VMT01, has been added to assess normal organ biodistribution, tumor uptake, radiation dosimetry, and correlation of uptake with observed toxicities and efficacy. Clinical trial sites include Yale University, University of Iowa, Mayo Clinic in Rochester, Saint Louis University, Washington University, and University of Wisconsin.

08:05 EDT Ocuphire Pharma provides anticipated 2023 milestones - APX3330: End-of-Phase 2 meeting scheduled with FDA to confirm Phase 3 regulatory path for oral APX3330 in DR Q4 2023; Nyxol: PDUFA date for Nyxol in RM September 28, 2023. FDA approval in RM would trigger a $10 million milestone payment to Ocuphire. Nyxol: Topline results from VEGA-2 Phase 3 pivotal trial of Nyxol in Presbyopia Q4 2023.

08:04 EDT EnLink Midstream appoints Dilanka Seimon as Chief Commercial Officer - EnLink Midstream has named Dilanka Seimon as Executive VP and Chief Commercial Officer. Seimon joins EnLink on Tuesday, August 15. Seimon Most recently served as Vice President of Alternative Energy at Energy Transfer. Prior to Energy Transfer, he served as Vice President Sales and Marketing at BHP, leading teams responsible for logistics and marketing of BHP's global oil, gas, NGL, and LNG production portfolio, as well as energy procurement for BHP. Prior to that, he held various roles in natural gas trading, marketing, and origination.

08:02 EDT Disc Medicine expects cash to fund operational plans into 2026 - Cash and cash equivalents were $377.6 million as of June 30, 2023, which are expected to fund our operational plans well into 2026.

08:00 EDT Nevada Copper provides update on Pumpkin Hollow restart - Nevada Copper provides an update on restart activities at its Pumpkin Hollow underground mine located in Yerington, Nevada. Restart Progress: Underground development completed in Q2 2023 increased 65% to 1,424 feet as compared with Q1 2023. Small Mine Development, Nevada Copper's development mining contractor, continues to ramp-up following their mobilization in June, with a 25% increase in average daily development footage in July compared with June development. In Q2 2023, restart preparations for the mill and process plant advanced as planned and the mill is on track to restart in September 2023. The surface stockpile has increased to approximately 73,000 tons of crushed ore, in preparation for sustained process operations on planned mill restart in September 2023. Mining of the first stope began in early August and is expected to be completed before the end of August to provide an open stope for paste backfill placement to allow for commissioning of the paste plant. Dumas Contracting USA completed all vertical and lateral development for the underground ore handling project and, as a result, the project has been turned over to RAM Enterprise, Inc. for the installation and commissioning of all mechanical and electrical components including the conveyors and crusher systems. Dumas also advanced the Geho de-watering system installation and expects to have the new Geho pumps running by the end of the third quarter of 2023. To date, the Company has rehabilitated ore passes #1 and #2 and expects to complete ore pass #3 in August 2023. The Nevada Copper workforce has increased year to date by 30% to 177 employees, not including the development and projects contractor workforce; the largest workforce in the Company's history. Nevada Copper reiterates its outlook for 2023 with the principal objective of achieving nameplate milling throughput of 5,000 tons per day by the end of the year and all critical underground infrastructure complete and sufficient advance development to support sustained operations. With the vent shaft project complete, underground lateral development continues to ramp-up as SMD increases staffing levels to meet development expectations. Lateral development over the second half of 2023 is planned to be 16,000 ft of combined primary and stope development. Commissioning of the underground crush and convey system is now scheduled for late October 2023 reflecting delays in underground excavation. To support the start of stope mining by the Company in September, existing ore passes and the surface crusher are being utilized until commissioning of the underground crusher is complete. Mill restart is scheduled in September 2023 at an expected rate of approximately 3,500 tons per day. The mill and paste plant will be re-commissioned on low-grade stockpiled ore. Mill capacity and grade are expected to increase through the balance of 2023, however, milled grades will remain lower than average stope grades, as lower grade development ore constitutes a higher percentage of mill feed through these early commissioning months. The Company plans to truck its first concentrates in late September with first revenues expected in the fourth quarter.

07:32 EDT Black Diamond Therapeutics expects cash to fund requirements into 1H25 - Black Diamond ended the second quarter of 2023 with approximately $89.5 million in cash, cash equivalents and investments. The Company believes that the net proceeds from the Follow-on Offering, together with its existing cash, cash equivalents and investments, will enable the Company to fund its operating expenses and capital expenditure requirements into the first half of 2025.

07:25 EDT CareDx comments on MolDX LCD - CareDx commented on the issuance of proposed changes to the Local Coverage Determination, or LCD, MolDX Molecular Testing for Solid Organ Allograft Rejection that covers AlloSure, AlloMap and HeartCare. CareDx is pleased that MolDX is providing the public with the opportunity to participate in an open and transparent process, as advocated by CareDx and many others across the transplant community. In the proposed LCD MolDX continues to recognize the value of surveillance testing in certain scenarios, as well as other uses for these tests in transplant; however, the proposed LCD would change the existing LCD to inappropriately restrict coverage in a manner similar to the restrictions that CareDx believes were impermissibly introduced in the Medicare Billing Article revisions issued on March 2 and May 4. MolDX and Noridian have opened a public comment period that extends through September 23, 2023, to solicit feedback from clinicians, patients, and the transplant community for consideration in drafting a final LCD. CareDx will continue to review the proposed LCD and looks forward to providing comments on the draft policy. CareDx believes that broad coverage of these tests based upon the clinicians' assessment of need for their transplant patients is both appropriate and also consistent with MolDX's longstanding coverage policies.

07:21 EDT Hut 8 Mining enters transaction support agreement with Macquarie Equipment - Hut 8 Mining announced it has entered into a transaction support agreement with Macquarie Equipment Finance, a subsidiary of Macquarie Group Limited in support of an opportunity to potentially acquire certain assets of Validus Power and Validus' subsidiaries. Validus was previously a supplier of energy to the company's mining facility in North Bay, Ontario. Macquarie is a secured creditor of the Validus Entities under an existing secured lease and participation agreement. Pursuant to an order of the Ontario Superior Court of Justice issued on August 10, on application by Macquarie, KSV Restructuring Inc., a licensed insolvency trustee with extensive experience in receivership mandates, has been appointed as receiver of the property, assets, and undertakings of the Validus Entities. Subject to the satisfaction of certain conditions, under the terms of the Support Agreement, a stalking horse bid is to be submitted to the receiver in support of a proposed sale and investment solicitation process to be carried out in respect of the Validus Entities. A Stalking Horse Bid, if ultimately successful, is expected to result in the full and final resolution of all litigation claims and counterclaims currently pending between Hut 8 and certain Validus Entities. Further details in respect of any Stalking Horse Bid will be provided if and as conditions warrant and subject to, among other things, the acceptance of a Stalking Horse Bid by the Receiver and approval of the Court.

07:12 EDT Telesat Holdings awards MDA as contractor on $2.1B Telesat Lightspeed comtract - MDA announced it has been selected as the prime contractor for Telesat's Low Earth Orbit, or LEO, satellite constellation Telesat Lightspeed, an innovative global network that will bring enhanced digital connectivity to Canadians and customers worldwide. Valued at approximately $2.1B, the contract is the largest in MDA's history and includes the design, manufacture, assembly and test of 198 satellites with options for Telesat to purchase up to 100 additional satellites. Telesat Lightspeed is the second prime satellite contract for a LEO constellation awarded to MDA in the past eighteen months. These major wins demonstrate tangible results from our multi-year strategy and investments to capitalize on the growing global market demand for satellite services for communications and other applications.

07:08 EDT PHX Energy Services receives TSX approval for renewal of NCIB - PHX Energy Services announced that the Toronto Stock Exchange has accepted PHX Energy's notice of intention to renew its normal course issuer bid for a further one-year term. The previous NCIB expires on August 15, 2023. Pursuant to the Corporation's previous NCIB, the Corporation purchased in the open market through the facilities of the TSX and through other alternative Canadian trading platforms and cancelled an aggregate of 1,509,800 common shares of the Corporation at an average price paid of $6.39 per Common Share.Under the renewed NCIB, PHX Energy may purchase for cancellation, from time to time, as PHX Energy considers advisable, up to a maximum of 3,552,810 Common Shares, which represents 10% of the Corporation's public float of 35,528,100 Common Shares as at August 2, 2023. Purchases of Common Shares may be made on the open market through the facilities of the TSX and through other alternative Canadian trading platforms at the prevailing market price at the time of such transaction. The actual number of Common Shares that may be purchased for cancellation and the timing of any such purchases will be determined by PHX Energy, subject to a maximum daily purchase limitation of 12,793 Common Shares which equates to 25% of PHX Energy's average daily trading volume of 51,173 Common Shares for the six months ended July 31, 2023. PHX Energy may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any Common Shares that are purchased by PHX Energy under the NCIB will be cancelled. The NCIB will commence on August 16, 2023 and will terminate on August 15, 2024 or such earlier time as the NCIB is completed or terminated at the option of PHX Energy. PHX Energy believes that within a continued volatile market environment, at times, the prevailing market price does not reflect the underlying value of its Common Shares and the repurchase of its Common Shares for cancellation represents an attractive opportunity to enhance PHX Energy's per share metrics and thereby increase the underlying value to its shareholders. PHX Energy intends to use the NCIB as another tool to enhance total long-term shareholder returns in conjunction with management's disciplined capital allocation strategy.

07:06 EDT Acrivon Therapeutics expects cash to fund operations into 2025 - As of June 30, 2023, the company had cash, cash equivalents and marketable securities of $151.0 million, which is expected to fund operations into 2025.

07:03 EDT Pyxis Oncology announces anticipated milestones - Apexigen, Inc. transaction expected close, later in August 2023; Anticipated Yale presentation of investigator sponsored trial results describing an anti-siglec-15 compound's activity and safety at the International Association for the Study of Lung Cancer 2023 World Conference on Lung Cancer, September 2023; Announce clinical development plan for sotigalimab, Q4 2023; Report pharmacokinetic/pharmacodynamic data for sotigalimab, Q4 2023; Report preliminary data, including biomarker results and early signs of potential clinical activity from PYX-106-101, late 2023; Report preliminary data, including biomarker results and early signs of potential clinical activity from PYX-201-101, early 2024

06:36 EDT Plus Therapeutics reports positive Phase 1 trial data of rhenium obisbemeda - Plus Therapeutics reported positive data from the ReSPECT-LM clinical study evaluating the company's lead radiotherapeutic, rhenium obisbemeda, for the treatment of leptomeningeal metastases - LM - at the Society for Neuro Oncology/American Society of Clinical Oncology Cancer Conference taking place August 10-12 in San Francisco. CEO Marc Hedrick said, "Similar to our promising Phase 1 and 2 data for glioblastoma, this most recent data indicates that LM, which is ten times more common than glioblastoma, may be similarly addressable with targeted radiotherapy using rhenium obisbemeda." Ten treated patients received a single escalating dose of rhenium obisbemeda. No dose limiting toxicities were observed and a maximum tolerated dose or maximum feasible dose was not reached. Most adverse events were mild or moderate, with the majority not related to treatment. Currently, 5 of the 10 treated patients remain alive with a median overall survival of 10 months. The FDA has approved continued dose escalation. CSF tumor cell counts decreased from pre-dose levels 28 days after treatment by up to 91%, mean decrease 53%. Increases in administered dose correlated with linear increases in absorbed dose to the target tissue.

06:09 EDT Fisker provides additional details on Fisker Ronin Super GT - Fisker released additional details on its Fisker Ronin Super GT, an all-electric convertible that was showcased at the company's first-ever Product Vision Day on August 3. Fisker Ronin will feature an integrated battery pack with an anticipated 600 miles of range. The Super GT convertible is expected to produce over 1,000 horsepower. The vehicle will seat five and function as a sports sedan when the folding hardtop is raised. Just 999 vehicles will be built, priced at $385,000 each. Fisker expects to start production in the second half of 2025.

05:07 EDT Rio Tinto, Simfer JV reach agreements on trans-Guinean infrastructure - Rio Tinto and the Simfer joint venture reached key agreements with the Republic of Guinea and Winning Consortium Simandou, or WCS, on the trans-Guinean infrastructure for the Simandou iron ore project. The co-development convention with the Republic of Guinea and associated agreements adjusting Simfer and WCS's existing mine conventions create the legal framework for the co-development of more than 600 kilometres of new multi-use rail together with port facilities, that will be used to export iron ore from the Simandou mining concessions in the southeast of the country.