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In the future, everyone will work from the cloud I have read and personal computers will be the thing of the past.
Giant Mining Intersects Surface High Grade at Majuba with 74.0 feet of 2.6% Cu and 30.1 g/t Ag within 218.0 feet of 1.35% Cu and 73.4 g/t Ag
VANCOUVER, BC — September 24, 2024 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5) (“Giant Mining” or the “Company”) announces the company intersected high-grade copper-silver mineralization in hole MHB-30 (“MHB-30”) from surface down to a depth of 218.0 feet (66.4 meters) consisting of 74.0 feet (22.6 meters) of 2.6% Cu and 30.1 g/t Ag within 218.0 feet of 1.35% Cu and 73.4 g/t Ag at its Majuba Hill Copper-Silver Deposit located in Pershing County, Nevada.
Combining the copper and the silver results returns a copper equivalent of:
0 to 218.0 feet of 2.1% Copper Equivalent (“CuEq”) including 140.0 to 214.0 feet at 2.9% CuEq.
Majuba Hill is a copper-silver-molybdenum porphyry project that previously produced high-grade copper, silver and tin, along with gold and zinc from historic underground workings. The project is accessible year-round by a major highway with extensive infrastructure already in place and over 83,925 feet of exploration and development drilling to date. Giant Mining controls 15.1 square miles (39.2 sq km) or 9,678 acres (3,917 ha) at Majuba Hill.
Buster Hunsaker, Consulting Geologist to Giant Mining commented, “The recent technical reviews noted the consistent silver values associated with the copper have the potential to enhance the total value of the deposit. A 2017 study of the silver metallurgy indicated the potential for recovery using flotation. Combining the copper and the silver results in 0 to 66.4 m at 2.1% CuEq which includes 42.7 to 65.2 m at 2.9% CuEq.
The 2024 core and reverse circulation drilling program was designed to in-fill and drill new targets to expand the near surface, open-pit, 50 to 100 million tonnes, Exploration Target that has grades estimated from 0.15% Cu to 0.30% Cu (NI43-101 2023 Report is available at GiantMiningCorp.com). 2024 holes are planned to improve the copper grades and provide sufficient confidence in the results and make way for Giant’s NI 43-101 maiden mineral resource estimate (“MRE”). The 2024 holes target near-surface oxide and enrichment zones concentrated along magmatic-hydrothermal breccias that define two prominent corridors.
The Company is pleased to report that the MHB-30 assay results are significantly higher than those expected to occur within the high-grade domain (>0.50% copper) modeled in the NI43-101 in Figure 1.
"We are excited by the results of hole MHB-30, which significantly exceeded our expectations for high-grade copper-silver mineralization," said David Greenway, CEO of Giant Mining. "With guidance from our geologic team, including Richard Sillitoe, Leo Hathaway (Technical Advisor), and Larry Segerstrom (Director), we are continuing to uncover the incredible potential of Majuba Hill. We remain open both at depth and along strike, and despite over 83,925 feet of drilling and development work, we are only scratching the surface of just how big this opportunity could be for Giant stakeholders, the State of Nevada, and the USA. We eagerly await the results from MHB-31, drilled to a total depth of 1,086 feet."
Leo Hathaway, Technical Advisor commented, "The high-grade copper-silver results from hole MHB-30 are a strong validation of our exploration model at Majuba Hill. These results confirm the presence of significant mineralization near surface, with potential for further expansion both laterally and at depth. We are excited about the continued progress of the program and look forward to unlocking even more value as we drill deeper and expand our understanding of the deposit."
Copper Equivalent Calculation
Copper equivalent (CuEq) values were calculated by combining the assay values for copper and silver assay results for each intercept using an interval-weighted calculation based on $4.475/lb Cu and $31.29/oz Ag.
Copper on September 24th 2024 is trading at $4.475/lb Cu and $31.29/oz Ag (prices based on https://www.cnbc.com/quotes; Copper (Dec'24) @HG.1:CEC:Commodities Exchange Centre and Silver COMEX (Dec'24) @SI.1:CEC:Commodities Exchange Centre).
Quality Assurance/Quality Control (“QA/QC”) Measures, Chain of Custody
The Company utilizes a QA/QC program using best industry practices at the Majuba Hill Project. The samples are placed in cloth or plastic sample bags and are transported from the Giant Mining secure warehouse or directly from Woods Process to the ALS Labs Sample Prep Facility in Elko, Nevada. ALS then transports the prepared pulps to their analytical lab in North Vancouver, B.C.
Drill core samples are sawn in half lengthwise and one half is placed in labeled cloth sample bags. All samples are analyzed for copper, gold, silver, and 33 other elements. Gold is determined by ALS Labs method Au-AA23 which is a fire assay with an AAS finish on a 30-gram split. Copper, silver, and the remaining 31 elements are determined by ALS Labs method ME-ICP61 which is a four-acid digestion and ICP-AES assay. Approximately 10% of the submitted samples are drill duplicates and copper-gold-porphyry commercial standard reference material pulps. The sample rejects and remaining pulps will be retrieved from ALS Labs.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by E.L. “Buster” Hunsaker III, CPG 8137, a non-independent consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
About Giant Mining Corp.
Giant Mining Corp. is engaged in the identification, review and acquisition of latter stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fueled by the Green New Deal in the US and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and especially copper to produce Electric Vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.
The flagship project is the Majuba Hill copper, silver and gold District located 156 miles (251 km) outside Reno, Nevada, USA. Management has been mandated to focus on safe, mining friendly jurisdictions where government regulations are supportive of mining operations.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Giant Mining Corp.
“David Greenway”
David C. Greenway
President & CEO
For further information, please contact:
E: info@giantminingcorp.com
P: 1 (604) 499-6791
VISIT OUR WEBSITE FOR MORE DETAILS
www.giantminingcorp.com
https://mailchi.mp/ab006b9f03ed/giant-minings-review-of-geological-work-from-2020-2023-on-the-flagship-majuba-hill-porphyry-copper-deposit-nevada-11573120?e=1145db4d14
IonQ, Inc. (IONQ): Among the Worst AI Stocks To Buy Under $10
Bob Karr
Sun, September 22, 2024 at 5:08 AM EDT
We recently compiled a list of the 10 Worst Artificial Intelligence Stocks to Buy Under $10. In this article, we are going to take a look at where IonQ, Inc. (NYSE:IONQ) stands against the other worst AI stocks to buy under $10.
With technology evolving at a dynamic speed, many companies have changed their way of carrying out operations as they focus on integrating AI into their complex and day-to-day activities. Integration of AI into business operations requires significant investment in infrastructure and specialized talent. Experts believe that 2022 was the year in which generative artificial intelligence (AI) exploded in the public's consciousness, and in 2023, the technology started to take root in the business world.
Therefore, 2024 and the upcoming years are expected to be critical years for the future of Al, with researchers and enterprises planning to integrate this revolutionary technology into their operations. Some of the current AI trends that are expected in the upcoming years include multi-modal Al, smaller language models and open-source advancements, GPU shortages, cloud expenses, regulation, copyright, and ethical AI concerns, among others.
Surge in Al Adoption
As per the McKinsey Global Survey on AI, ~65% of respondents have highlighted that their organizations continue to use gen AI, nearly double the percentage compared to the survey conducted earlier. Organizations have been seeing strong benefits from the use of generative AI, reporting both cost decreases and revenue jumps in the segments using AI technology.
The interest in gen-AI seems to have brightened the spotlight. McKinsey mentioned that, for the previous 6 years, adoption of AI by respondents' organizations was hovering at ~50%. However, this year, the survey revealed that adoption increased to ~72%. Notably, the interest has been global in scope. The company’s 2023 survey highlighted that AI adoption didn't reach 66% percent in any region. However, this year over two-thirds of respondents in nearly every region mentioned that their organizations are deploying this transformative technology. Industry-wise, the strongest increase was seen in professional services.
AI's rapid evolution and its potential to shape the future continue to revolutionize several industries throughout the globe. As per a survey published on Forbes Advisor, the most commonly used AI cases in businesses consist of customer relations, cybersecurity, fraud management, digital personal assistants, inventory management, content production, and others. When discussing leveraging the top AI trends, businesses continue to rely on predictive analytics to make strategic decisions. For example, using predictive analytics in the manufacturing industry can help in predicting unexpected machine failures and costly breakdowns.
Another factor because of which AI has seen increased adoption is the deployment of multi-modal Al. It leverages machine learning trained on multiple modalities, like speech, images, video, and traditional numerical data sets. As a result, it helps in creating holistic and human-like cognitive experiences.
Investments in Al
Al investments have been ramping up at an unmatched speed. As per Goldman Sachs Economic Research, global investment in AI technologies should touch $200 billion by 2025. Making investments in generative AI provides potential economic growth and improves labor productivity by ~1% annually. Additionally, the investment in AI can peak as high as ~2.5% to ~4% of GDP in the US and ~1.5% to ~2.5% in other AI leaders.
Global corporate investment in AI saw a strong increase over the past decade. A Stanford University analysis estimated that the sum of assets and acquisitions from minority stakes, private investments, and public offerings came in at $934.2 billion from 2013 to 2022. Moreover, recent investment peaked in 2021, reaching ~$276.1 billion with the evolution of ChatGPT.
As per EY's recent survey, ~30% of respondents highlighted that their business is planning to invest at least $10 million in AI next year. This demonstrates an increase from the current level of 16%. With the transition to the next phase of full-scale AI integration, leaders are required to develop a holistic strategy that recreates the entire enterprise ecosystem to create an AI-centric business model.
Our methodology
We compiled an initial list of 25 possible stocks by sifting through online rankings and ETFs. We then picked the 10 stocks that were the least popular among hedge funds and were trading at less than $10 per share. Finally, the stocks were ranked in the descending order of their hedge fund sentiment, as of Q2 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
16 Most Advanced Countries in Quantum Computing
A quantum computer on a countertop in an engineering laboratory with a technician at work.
IonQ, Inc. (NYSE:IONQ)
Number of Hedge Fund Holders: 12
Share Price As On September 19: $7.72
lonQ, Inc. (NYSE:IONQ) is engaged in the development of general-purpose quantum computing systems in the United States. The company recently announced a collaboration with Zapata to benchmark generative Al techniques on quantum hardware.
Bears believe that the stock price of IonQ, Inc. (NYSE:IONQ) is expected to be impacted by its concerning financial position. The significant increase in its expenses has impacted its overall financial health. In 2Q 2024, its cost of revenue went up from $1.90 million in 2Q 2023 to $5.6 million in the current quarter. The bears believe that IonQ, Inc. (NYSE:IONQ) is investing heavily in research and development, which is the primary reason why this company is operating at a loss. The company's costs and expenses continue to exceed its revenue, and they are also growing at faster rates compared to its top line. The basic unit of a quantum computer's power is the qubit, and these remain unstable. Also, creating hardware that has the potential to sustain them long enough can be a serious challenge.
On the other hand, Wall Street believes that IonQ, Inc. (NYSE: IONQ)'s advancements in qubit fidelity and error correction techniques demonstrate strong progress in the quantum computing field. Moreover, optimism prevails around its ongoing projects, including the ARLIS quantum networking contract. Its success in winning federal contracts is attributed to the company's good product and low error rates.
In 2Q 2024, while the company was able to book $9 million in sales contracts, it increased its 2024 revenue outlook to between $38 million - $42 million. Moreover, the company continues to focus on pursuing strategic partnerships to strengthen its ecosystem and deliver the Tempo system in 2025. Wall Street is optimistic about lonQ, Inc. (NYSE:IONQ)'s commercialization abilities as it extended contracts with AWS to offer quantum computers via Amazon Braket.
As per Wall Street, the shares of IonQ, Inc. (NYSE:IONQ) have an average price target of $10.63. As of the end of 2Q 2024, 12 hedge funds tracked by Insider Monkey reported having stakes in IonQ, Inc. (NYSE:IONQ).
Overall IONQ ranks 3rd on our list of the worst AI stocks to buy under $10. While we acknowledge the potential of IONQ as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than IONQ but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Disclosure: None. This article is originally published at Insider Monkey.
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https://finance.yahoo.com/news/ionq-inc-ionq-among-worst-090818457.html
This market has been up since November of last year and is getting long in the tooth. The new highs/new lows continue up.
NVDA will consolidate before moving higher. IONQ has bottomed as I pointed out earlier when OBV bottomed in mid June.
You can buy more shares in a low priced stock verses a high priced stock.....WIN, WIN.
BLACKROCK SILVER ANNOUNCES $5.0 MILLION PRIVATE PLACEMENT WITH
ERIC SPROTT
FOR IMMEDIATE RELEASE TSX-V Symbol: BRC
Vancouver, British Columbia – September 16, 2024 – Blackrock Silver Corp. (the "Company") is pleased to announce a non-brokered private placement (the "Offering") of 15,625,000 common shares ("Shares") of the Company at a price of $0.32 per Share for gross proceeds of $5,000,000. The Company is pleased to advise that Eric Sprott, through 2176423 Ontario Ltd., has subscribed for the entire Offering.
The Offering is scheduled to close on or about September 20, 2024 and is subject to certain conditions including, but not limited to, the approval of the TSX Venture Exchange (“TSXV”). The Shares to be issued under the Offering will have a hold period of four months and one day from the closing date. The net proceeds of the Offering will be used by the Company to fund expansion drilling on the Company's Tonopah West property, and for general working capital.
The participation of Eric Sprott in the Offering will be considered a “related party transaction” within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”) adopted in the Policy. The Company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, is expected to exceed 25% of the Company’s market capitalization (as determined under MI 61-101).
The Company will pay a finder’s fee of 3% of the proceeds of the Offering in cash to Research Capital Corporation.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
About Blackrock Silver Corp.
Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.
For further information, please contact:
Andrew Pollard, President & CEO
Blackrock Silver Corp.
Phone: 604 817-6044
Email: andrew@blackrocksilvercorp.com
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of Canadian securities legislation. Such forward-looking statements concern the expected subscription and closing of the Offering, net proceeds from the Offering and the intended use of proceeds. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of exploration expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the availability of funds; the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://mailchi.mp/blackrocksilver/sprott5?e=8f5d060b32
VIZSLA SILVER ANNOUNCES $65 MILLION BOUGHT DEAL FINANCING
Vancouver, British Columbia (September 16, 2024) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to announce that it has entered into an agreement with Canaccord Genuity as sole bookrunner, on behalf of itself and syndicate of underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 25,000,000 common shares (the "Common Shares"), at a price of $2.60 per Common Share, for gross proceeds of approximately $65,000,000 (the "Offering").
The Company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable at the offering price for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about September 19, 2024, and is subject to the Company receiving all necessary regulatory approvals. In the event that the Over Allotment Option is exercised in full, the total gross proceeds of the Offering will be $74,750,000.
The Company currently intends to use the net proceeds of the Offering to advance the exploration, drilling and development of the Company’s Panuco Project, as well as for working capital and general corporate purposes as set out in the Prospectus Supplement (as defined below).
The Common Shares will be offered by way of a prospectus supplement (the “Prospectus Supplement”) in all of the provinces and territories of Canada, other than Quebec, pursuant to the Company's base shelf prospectus dated March 31, 2023 (the “Base Shelf Prospectus”), and will be offered in the United States pursuant to a prospectus supplement (the “US Prospectus Supplement”) filed as part of an effective registration statement on Form F-10 (the “Registration Statement”) filed under the Canada/U.S. multi-jurisdictional disclosure system. Before investing, prospective purchasers in Canada should read the Prospectus Supplement, the Base Shelf Prospectus, and the documents incorporated by reference therein, and prospective purchasers in the United States should read the US Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement and the documents incorporated by reference therein for more complete information about the Company and the Offering.
Copies of the applicable offering documents, when available, can be obtained free of charge under the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation. An electronic or paper copy of Prospectus Supplement, the US Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement, when available, may be obtained, without charge, from Canaccord Genuity by phone at 416-869-3052 or by e-mail at ecm@cgf.com by providing Canaccord Genuity with an email address or address, as applicable.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Vizsla Silver Corp.
Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla Silver has completed over 380,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +45,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district.
Contact Information: For more information and to sign-up to the mailing list, please contact:
Michael Konnert, President and Chief Executive Officer
Tel: (604) 364-2215
Email: info@vizslasilver.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities laws, including those regarding the terms of the Offering and the expected completion and use of proceeds thereof, which ultimately remains the subject of the Company's discretion. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking statements or information.
Forward-looking statements and forward-looking information are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.
These statements reflect Vizsla Silver’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in the Prospectus Supplement, the US Prospectus Supplement and Vizsla Silver’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
https://mailchi.mp/c2ad01079f6d/9q3gdbv5bm-5848292?e=0ca03548e2
It had a nice run up on the hourly chart. The 8 EMA is buy/sell trade line and works on any time frame. It was developed by one of the person's in the late Steve Bigalow's trade groups. Steve's Thursday night webinars are still posted on his website:
https://stephenbigalow.s3.amazonaws.com/Thursday+Recordings/stock-chat-9723.mp4
I know how you feel. Some people read the boards and never make a contribution. A did have some posts replaced when I complained to the management but you could see that the Moderator was biased and had probably lost a lot of money.
IV is really bad with all the political posts.
Nvidia CEO Jensen Huang: We are at the beginning of a new industrial revolution
Quantum is Now with IonQ: Building a Large Global Quantum Business (Quantum World Congress 2024)
Why All Eyes Are On Arkansas’ Lithium
LithiumBank Reports >98% Recovery of Lithium from Brine During Direct Lithium Extraction Pilot Testing
CALGARY, Alberta, September 11th, 2024 (GLOBE NEWSWIRE) -- LithiumBank Resources Corp. (TSX-V:LBNK) (OTCQX: LBNKF) (“LithiumBank'' or the “Company”) is pleased to announce it has successfully recovered greater than 98% of lithium from brine during initial pilot plant operations at the Company’s 10,000 litres/day Direct Lithium Extraction (“DLE”) facility in Calgary. The DLE pilot campaign processed over 40,000 litres (“L”) of brine sourced from four wells located within the indicated resource area (Figure 1) of the 100% owned Boardwalk Lithium Brine Project (“Boardwalk”) located in west-central Alberta. Pilot testing will now focus on the desorption stage, where lithium is stripped from the IX sorbent. These results will be reported as they become available.
“Successfully recovering over 98% lithium from Boardwalk brine at the pilot scale is a very significant achievement for LithiumBank,” comments LithiumBank Executive Chairman Paul Matysek. “Consistently achieving this level of recovery at scale is of paramount importance as we work towards efficiently producing a battery grade lithium. These initial recovery results confirm bench-scale test work used in our 2024 Preliminary Economic Assessment (“PEA”) for Boardwalk. This recent work further validates our DLE lithium extraction process and is an essential milestone for unlocking value.”
The initial piloting campaign focused on the absorption/recovery portion of the DLE process. This campaign continuously processed 40,000 L of brine over 4.5 days to recover lithium. This process was run using continuous DLE (“cDLE®”) licensed from LithiumBank’s DLE technology partner, Go2Lithim Inc (“G2L”). The patented cDLE® process allows lithium-rich brine to continuously flow through the absorption contactors in a counter-current flow to the ion exchange (“IX”) sorbent. The sorbent is designed to selectively recover lithium ions from the brine. Having now continuously processed Boardwalk brine through the pilot plant for approximately 120 hours, pilot testing will now focus on the desorption stage, where lithium is stripped from the IX sorbent.
The cDLE® process operates as a continuous flow system in which the brine and sorbent move in opposite directions. Earlier laboratory test results suggested that a brine-to-sorbent flow ratio of 80 would be needed to achieve an expected lithium recovery of 98%. The pilot plant campaign was initiated at this specified ratio, with the flexibility to adjust the flow rate if the target recovery was not met.
Once the circuit reached a steady state (between 50 and 100 hours of runtime), the feed brine averaged 70 mg/L (ranging from 67 to 74 mg/L), while the barren brine averaged 0.7 mg/L (ranging from 0.2 to 1.1 mg/L). During this period, lithium recovery remained consistently in the 98–99% range, aligning well with the bench-scale results of 98.5% used in the updated Boardwalk PEA.
During the 120-hour piloting campaign, analytical support from AGAT monitored the lithium concentration of brine entering and exiting the sorption circuit on an hourly basis. Additionally, lithium concentrations were tracked in each contactor to assess the removal efficiency at each stage of the sorption circuit.
https://mailchi.mp/4440afff8461/lithiumbank-management-update-17821302?e=8f86590d89
Is $.25 the bottom?
Oracle Stock Breaks Out On AI Growth, Cloud Partnership With Amazon
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RYAN DEFFENBAUGH
10:37 AM ET 09/10/2024
Oracle (ORCL) stock surged Tuesday after the tech giant credited strong AI demand for fiscal first quarter results that beat expectations. The 47-year-old Oracle is also forming a strategic partnership with cloud-services rival Amazon.com's (AMZN) Amazon Web Services.
AI Stocks Are Getting Tired. Is The Dot-Com Bubble A Blueprint Or A Cautionary Tale For Investors?
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Oracle said in results published late Monday that it earned an adjusted $1.39 per share on sales of $13.3 billion in the August-ended quarter. On average, analysts projected the Austin, Texas-based company would post adjusted earnings of $1.33 per share from sales of $13.2 billion, according to FactSet.
Oracle's sales increased 7% year over year while earnings increased 17%.
"As cloud services became Oracle's largest business, both our operating income and earnings per share growth accelerated," Oracle Chief Executive Safra Catz said in a news release.
On the stock market today, Oracle stock rallied more than 11% to 156.34. The stock has broken out past a 146.59 flat base buy point identified by MarketSurge pattern recognition.
Oracle Touts AI Traction
Oracle stock had gained more than 30% year to date heading into the report. Its strong run was helped by momentum for its Oracle Cloud Infrastructure business, including from winning cloud-computing contracts from AI-focused startups. That has helped Oracle outrun struggles that have hit other software stocks this year.
In its earnings release Monday, Oracle said it had won 42 new cloud contracts for graphics processing units, worth $3 billion total. Graphics processing units, or GPUs, are the chips that power the training and production of AI models. Chairman and Chief Technology Officer Larry Ellison said in a news release that Oracle is constructing a data center with "acres of Nvidia (NVDA) GPU Clusters for training large scale AI models."
Oracle's cloud infrastructure revenue increased 45% to $2.2 billion. That marked a slight acceleration from a 42% year-over-year increase for Oracle's May quarter. Cloud infrastructure sales jumped 49%, 52% and 66% in the quarters prior to that.
Meanwhile, Catz said Oracle's remaining performance obligations, or contracted work, grew 53% year over year to $99 billion.
"The RPO growth shows the strong momentum for Oracle Cloud and the Oracle AI story," Barclays analyst Raimo Lenschow said in a client note. "This large bookings number should give investors confidence that Oracle can accelerate revenue this year and next and makes the (fiscal year) 2026 targets even more realistic, in our view."
Lenschow rates Oracle stock a positive overweight.
Oracle's long-term fiscal year 2026 guidance includes a revenue target of $65 billion. On a call with analysts Monday, Catz reiterated Oracle's expectations to reach double-digit revenue growth for Oracle's May-ending fiscal 2025. Sales grew 6% for Oracle's fiscal 2024.
Oracle Partners Up With Amazon
The "biggest news of all" from Oracle's earnings release, as Catz described it in her statement, is a multi-cloud agreement with AWS, which is the largest provider of cloud servers by market share.
Ellison said in a separate news release focused on the deal that Oracle is seeing "huge demand" from customers who want to use multiple cloud providers.
"To meet this demand and give customers the choice and flexibility they want, Amazon and Oracle are seamlessly connecting AWS services with the very latest Oracle Database technology, including the Oracle Autonomous Database," Ellison said in the news release.
Oracle struck similar deals with Microsoft (MSFT) and Google Cloud parent Alphabet (GOOGL) in the past 12 months, leading to market speculation that Amazon would be next.
However, there is some complicated history between the two. The battle for Oracle to catch up to Amazon's big lead in cloud services often included public trash-talking between Ellison and Amazon Chief Executive Andy Jassy, who led AWS before taking the top job at Amazon.
The two rivals appear to be putting those differences aside to offer Oracle Database@AWS. Ellison and AWS Chief Executive Matt Garman will discuss the partnership Tuesday at Oracle's annual CloudWorld event in Las Vegas.
Evercore ISI analyst Kirk Materne said the partnership "helps illustrate that Oracle's stickiness with customers remains strong and could potentially help more on-premise workloads transition to the cloud at a faster pace." Materne rates Oracle stock as outperform.
Oracle Stock Break Out
The CloudWorld conference will include an analyst day Thursday, offering another potential catalyst for the stock. Before its report, Oracle stock fell 1.4% to 139.89 in regular trading.
MarketSurge shows that Oracle stock has broken out past a flat base pattern with a buy point of 146.59. That marks Oracle's second breakout in four months. In June, Oracle stock broke out above a 132.77 buy point from a cup base following its fiscal Q4 earnings report, according to MarketSurge pattern recognition.
Shares have gained 51% year to date, ahead of a 15% gain for the S&P 500. Further, Oracle's 27% gain in the past 12 months is outperforming the S&P 500's 22.5% rise.
Meanwhile, Oracle stock has an IBD Composite Rating of 81 out of 99, according to IBD Stock Checkup. The score combines five separate proprietary ratings into one rating. The best growth stocks have a Composite Rating of 90 or better.
Further, Oracle's IBD Relative Strength Rating was 86 out of 99. The RS Rating means that Oracle outperformed 86% of all stocks in IBD's database over the past year.
https://www.investors.com/news/technology/oracle-stock-orcl-q1-report-cloudworld-ai-cloud/?src=A00220
PALANTIR CEO ALEX KARP RELEASES A MESSAGE TO EMPLOYEES AND INVESTORS ON S&P 500 INCLUSION
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— amit (@amitisinvesting) September 10, 2024
PALANTIR CEO ALEX KARP RELEASES A MESSAGE TO EMPLOYEES AND INVESTORS ON S&P 500 INCLUSION:
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