EMP Metals Receives First Saltworks Equipment Deliveries At Project Aurora Demonstration Plant

-- EMP Metals (EMPS.CN) has received the first equipment deliveries from its technology partner, Saltworks Technologies, at its Project Aurora demonstration plant, the company said early Wednesday.

The first seven truckloads of production equipment from Saltworks Technologies have arrived at its Project Aurora lithium Demonstration Facility located at the company's Viewfield Project Area in Saskatchewan, the company said.

"The delivery is a significant operational milestone for Project Aurora, EMP's integrated, continuous-flow lithium refining demonstration system designed to process ten (10) m3/day of raw brine from wellhead to lithium chemicals," said the company.

The production equipment will be immediately positioned within the facility, with remaining equipment deliveries expected over the coming weeks as the company works toward its targeted plant start date in the third quarter of 2026, it added.

"We are excited to have Saltworks' processing equipment arrive at our Stoughton facility pre-commissioned and on schedule," said Chief Executive Officer Karl Kottmeier. "This is a moment we've been building toward for several years and I want to thank Saltworks for their technical proficiency and dedication to the success of Project Aurora as we transition from construction to operation."

Shares of the company were last seen down $0.025 to $0.55 on the Canadian Securities Exchange.

Price: $0.55, Change: $-0.02, Percent Change: -4.35%

DraftKings Integrating Market-Making Into Predictions a Key Catalyst for Higher Marketing Spend, Oppenheimer Says

DraftKings (DKNG) integrating market-making into Predictions is seen as a key catalyst for increased marketing spend, as it could generate higher lifetime value and customer acquisition cost thresholds, Oppenheimer said in a note emailed Wednesday.The brokerage expects Q1 revenue and earnings before interest, taxes, depreciation and amortization of $1.6 billion and $143 million, respectively, compared with Street consensus of $1.63 billion and $150 million. It forecasts Q2 revenue and EBITDA of $1.67 billion and $284 million, compared with Street estimates of $1.57 billion and $271 million, according to the note.Oppenheimer believes April had strong holds, and anecdotal usage suggests levers around profit-boosts and early wins could support May handle as comparisons ease.The firm said it has yet to see Predictions iterations that command higher marketing spend into the World Cup, but that could change if market-making accelerates.DraftKings is set to report Q1 results Thursday.Oppenheimer maintained an outperform rating on DraftKings with a $35 price target.Price: $24.58, Change: $+0.40, Percent Change: +1.68%

$DKNG

Update: Super Micro Computer Shares Rise After Fiscal Q3 Adjusted Earnings Beat

(Updates with the latest stock price movement in the headline and the first paragraph.)Super Micro Computer (SMCI) shares rose more than 22% in Wednesday trading, a day after the company reported a fiscal Q3 adjusted earnings beat.The company reported fiscal Q3 adjusted earnings late Tuesday of $0.84 per diluted share, up from $0.31 a year earlier.Analysts polled by FactSet expected $0.62.Revenue for the three months ended March 31 was $10.24 billion, up from $4.60 billion a year earlier.Analysts surveyed by FactSet expected $12.39 billion.For fiscal Q4, the company expects adjusted EPS of $0.65 to $0.79 and revenue of $11 billion to $12.50 billion. Analysts expect EPS of $0.55 and revenue of $11.06 billion.For the full-year fiscal 2026, the company expects revenue in the range of $38.90 billion to $40.40 billion. Analysts expect $40.89 billion.Price: $34.03, Change: $+6.20, Percent Change: +22.27%

$SMCI

EMP Metals Receives First Saltworks Equipment Deliveries At Project Aurora Demonstration Plant

Related Articles

DraftKings Integrating Market-Making Into Predictions a Key Catalyst for Higher Marketing Spend, Oppenheimer Says

Update: Super Micro Computer Shares Rise After Fiscal Q3 Adjusted Earnings Beat

US Treasury Closing Levels