FINWIRES · TerminalLIVE
FINWIRES

Volt Carbon and TensorOne Partner to Advance Next-Generation Drone Technologies

By

Volt Carbon Technologies (VCT.V), its Solid Ultrabattery unit and TensorOne, executed a three-party Memorandum of Understanding (MOU) to evaluate and develop advanced battery and carbon technologies for next-generation autonomous Unmanned Aerial Systems (UAS) and AI-enabled counter-UAS platforms, it said in a statement on Thursday.

The parties plan to evaluate the integration of Solid UltraBattery's lithium metal battery technology with Volt Carbon's "advanced" graphene and carbon materials on TensorOne's autonomous UAS platforms. The company said the partnership will include engineering validation, laboratory and flight testing, manufacturing evaluations, and the pursuit of future commercialization opportunities.

"Advanced batteries and lightweight materials are two of the most important technologies driving the future of autonomous aircraft. Every reduction in aircraft weight and every improvement in battery energy density has the potential to translate into greater flight endurance, increased payload capacity and improved mission performance," Volt chief executive V-Bond Lee said in a release

Shares of Volt Carbon were last seen unchanged at C$0.06 on the TSX Venture Exchange.

Related Articles

Mining & Metals

StorageVault Posts Wider Q2 Loss, Revenue Tops Estimates

StorageVault Canada (SVI.TO) after the market close on Wednesday reported a second-quarter loss of C$6.6 million, widening from a loss of C$6.2 million a year earlier.The company said the quarterly result was affected by several non-cash and non-recurring items, including C$29.8 million in depreciation and amortization, C$1.2 million in interest accretion on convertible debentures, a C$0.2 million realized and unrealized gain on derivative financial instruments, and a C$1.3 million deferred tax recovery.Revenue rose to C$91.1 million from C$83.5 million in the prior-year quarter, topping the FactSet consensus estimate of C$89.5 million.StorageVault also raised its monthly dividend by 0.5% to C$0.003036 per common share.In the second quarter, the company said it expanded its footprint with the completion of $8.9 million of acquisitions and 30,000 square feet of new spaceCompany's shares closed C$0.04 down to C$4.83 on Toronto Stock Exchange on Wednesday.

$SVI.TO
Mining & Metals

Waste Connections Posts Higher Q2 Adjusted Earnings and Revenue; 2026 Outlook Updated

Waste Connections (WCN.TO) slipped 1% in after-hours New York trading after the company on Wednesday reported adjusted earnings of $1.50 per share, up from $1.29 per share a year ago.Analysts polled by FactSet expected $1.36.Revenue for the quarter ended June 30 was $2.56 billion, up from $2.41 billion in the year-ago period.Analysts expected revenue of $2.53 billion.The company updated its 2026 outlook. It expects revenue of $10.02 billion to $10.05 billion, net income of $1.169 billion to $1.173 billion, and adjusted EBITDA of $3.33 billion to $3.34 billion.The guidance "assumes no change in the current economic environment or underlying economic trends," it added.The company's shares were last seen down $1.62 to $166.28 after hours. They closed down C$1.06, or 0.5%, to C$236.19 on the Toronto Stock Exchange.

$WCN.TO
Mining & Metals

TSX Closer: Index Closes Higher as Battery Metals Gain Offsets Tech Weakness; Gold, Oil Rally

The S&P/TSX Composite Index edged higher on Wednesday as gains in battery metals stocks outweighed weakness in technology shares, while investors assessed higher commodity prices, fresh US tariffs on many Canadian imports and corporate earnings.The index closed up 116.03 points, or 0.33%, at 35,485.11, with mixed sectors. Battery Metals Index led gainers, up 6.5%, while Information Technology led decliners, down 2.5%.In commodities, gold traded at a two-week high on Wednesday, climbing for a second-straight session as the US dollar weakened.The precious metal for August delivery was last seen up $60.50, or 1.5%, at $4,136.90 per ounce, the highest level since July 7. However, the metal is down 7.5% since the start of the year.Meanwhile, West Texas Intermediate (WTI) crude oil closed at a six-week high on Wednesday as the US continued attacks on Iran, keeping the Strait of Hormuz closed, while Yemen's Houthi militants threatened to block Saudi oil exports in the Red Sea.WTI crude for September delivery closed up $2.49, or 3%, to settle at $86.83 per barrel, the highest level since June 11, while September Brent crude was last seen up $3.22, or 3.5%, to $94.23.In currencies, Rosenberg Research said there is room for a "modest" recovery in the Canadian dollar during the second half of the year, but the upside for the loonie is capped by structural issues.Some of these issues include eroding competitiveness, weak productivity growth, subdued investment, and ongoing exposure to the uncertainty of US trade policy, a point reinforced by the US announcing 50% tariffs under Section 338, Rosenberg added."This is very much a fading US dollar story rather than a positive Canadian dollar one," Rosenberg said in a note on Wednesday.Analysts, meanwhile, said the latest US tariffs are unlikely to materially derail Canada's growth outlook, although they could still weigh on demand and investor sentiment.This week's new US tariffs are expected to have a limited impact on Canada's growth outlook, reflecting their relatively narrow scope, according to Nomura Global Markets Research on Wednesday.US President Donald Trump's tariffs announced on Monday are set to come into force on Aug. 19 and encompass a broad range of Canadian goods but cover only a small fraction of total Canadian exports to the US, said Nomura."In addition, firms have been adjusting to shifting trade dynamics, which limits the risk of a sharp growth deterioration," wrote the bank in a note.Although the tariffs apply irrespective of US-Mexico-Canada Agreement origin status, broad exemptions for energy, potash, critical minerals and other categories reduce the scope of affected trade, said Nomura. "Only" around $20 billion of annual imports, or 5.3% of US imports from Canada, are expected to be impacted, raising the average effective tariff rate to roughly 5.5% from the current 3%.Corpay's estimates indicate that the new tariff measures would lift the effective tariff rate on Canadian exports to the US to about 7.4%. Although low by historical standards, the higher tariff burden could still weigh on growth and demand for Canadian assets due to the country's reliance on the US markets, wrote Karl Schamotta, Corpay's chief market strategist, in the note.Additionally, UBS Global Research said in a note that this week's new US tariffs are unlikely to materially alter Canada's growth trajectory, given their relatively limited direct economic impact.UBS wrote that it forecasts trade uncertainty to gradually ease, supporting broader growth momentum into late-2026 and 2027.In corporate news, Rogers Communications (RCI-A.TO, RCI-B.TO) reported second quarter adjusted earnings of C$1.15 per diluted share compared to C$1.14 a year earlier. Analysts polled by FactSet expected C$1.13.The telecommunications company said its quarterly revenue stood at C$5.62 billion, compared to C$5.22 billion a year earlier. Analysts expected revenue of C$5.56 billion.

S&P/TSX CompositeS&P/TSX Composite$CAD$CXY$RCI-A.TO$RCI-B.TO