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Commodities
Solar Provider Skycorp Diversifies Portfolio with 100% Stake in Nanjing Cesun
China's Skycorp Solar (PN) said Friday that it is acquiring the remaining 56% of Nanjing Cesun for $20.2 million and raising $3 million via a private placement to accelerate its expansion into inverters and energy management.The company signed a Share Acquisition Agreement on April 30, 2026 for the purchase, it said in a statement.The all-stock deal, coupled with a $3 million private placement, integrates inverter production and energy management systems into Skycorp's renewable energy portfolio.Skycorp will settle the consideration by issuing 7,983,000 new ordinary shares priced at $2.52 per share. To ensure long-term alignment, the shares are subject to strict lock-up periods, it said.Parallel to the acquisition, Skycorp entered into Securities Purchase Agreements with three independent institutional investors to raise $3 million.
$PN
Sectors
Oil Moves Higher as U.S. Denies Iran's Claim It Hit a U.S. Warship with Missiles
Oil prices were higher early Monday in volatile trade after Iran claimed it struck a U.S. warship moving into the Strait of Hormuz with two missiles, a claim denied by U.S. Central Command, according to reports. If such a hit did happen, it would potentially bringing an end to a ceasefire between the two countries.West Texas Intermediate crude oil for June delivery was last seen up $1.38 to US$103.32 per barrel, after touching US$107.46 in Asian trade, while July Brent oil was up $2.64 to US$110.81.Iran's Fars News Agency reported Iranian forces struck the U.S. ship to prevent it from moving into the Strait, which Iran blocked at the Feb. 28 start of the war, cutting off 20% of the world's oil demand supplied by Persian Gulf nations. However, The Guardian reported U.S. Central Command dismissed the report, while continuing the blockade of Iranian ports.U.S. President Trump in a weekend social media post said the U.S. would begin escorting ships trapped in the Gulf through the Strait, but offered no details on the scheme. The Wall Street Journal reported Trump "intends to use countries, insurance companies and shipping organizations to move traffic through the strait. It doesn't currently involve U.S. Navy warships escorting vessels through the waterway", citing two U.S. officials. The uncertain details of the plan has done little to lower prices, which have climbed by about half since the conflict began."The market remains fragile because the plan's implementation is uncertain, and Kuwait's oil exports reportedly falling to zero underlines how severe the regional supply disruption has become," Saxo Bank wrote.
$CLM6$LCON6$USO
Mining & Metals
P2 Gold Reports Latest Drill Results from Lucky Strike Zone in Nevada
P2 Gold (PGLD.V) provided Monday the results from an additional 10 reverse circulation drill holes at the Lucky Strike Zone within the Gabbs project in Nevada.Highlights include 0.69 grams per tonne (g/t) gold and 0.25% copper over 74.68 meters, including 1.32 g/t gold and 0.38% copper over 30.48 meters.Drill data confirmed that higher-grade gold and copper is at the core of Lucky Strike, which could be potentially larger than the Sullivan zone.The Lucky Strike zone remains open in all directions, P2 Gold said.P2 Gold expects to complete an updated resource estimate on Gabbs in the third quarter, while a feasibility study expected in the fourth quarter.
$PGLD.V