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Li-FT Power Secures Court Approval to Acquire Quebec Mine

Li-FT Power (ASX:LFT) said the Quebec Superior Court has approved its binding call option agreement with Stornoway Diamonds, 1127 Canada, and Deloitte Restructuring, granting the company the exclusive right to acquire the Renard diamond mine in Quebec or its holding companies for CA$1 at any time before June 23, 2028, according to an Australian bourse filing on Tuesday after market hours.The company has paid a CA$12 million option fee, which will be held in trust pending government approval to defer rehabilitation work at Renard, per the filing. If the approval is not obtained by Oct. 3 or a later mutually agreed date, the fee will be refunded and the option will be terminated.The company will cover the mine's estimated CA$18 million in annual care and maintenance costs during the option period while evaluating the feasibility of converting the site into a lithium processing facility, the filing said.The transaction remains subject to regulatory approvals, the execution of a definitive acquisition agreement, and additional court approval, the filing added.

ASX:LFT

Commodities27d ago

US Natural Gas Update: Prices Edge Up on Near Term Heat, but Bearish Fundamentals Persist

US natural gas futures edged slightly higher in after-hours trading on Tuesday, as above-normal temperatures across the densely populated Northeast were expected to persist over the next few days before easing toward or below seasonal norms for the remainder of the month.The front-month Henry Hub contract and the continuous contract both rose 0.9% to $2.923 per million British thermal units.Near-term weather forecasts supported prices, with Pinebrook Energy Advisors saying Wednesday is expected to be the hottest day of the summer so far on a population-weighted basis and PJM Interconnection is forecast to reach peak electricity demand of 164 gigawatts, near a record high.However, longer-term demand expectations weakened. Criterion cut cumulative gas demand by 7 billion cubic feet per day across its forecast period, citing softer consumption.The firm expects temperatures across the Lower 48 states to briefly surpass the 10-year average on Wednesday before returning to near-normal levels for the rest of the forecast, limiting weather-driven demand, according to Aegis Hedging.Separately, Barchart, citing Commodity Weather Group, said forecasts had shifted toward cooler conditions, with below-average temperatures expected in the US Southwest through July 23.Pinebrook Energy Advisors said gas demand from the power sector underperformed during a similar heat wave in June as strong wind generation in the Midwest and Texas displaced gas-fired electricity production.While recent summers have seen gas burn exceed 50 Bcf/d during peak heat events, that threshold has not yet been reached this season. Another shortfall in demand during this week's extreme heat could prompt the market to further reassess seasonal natural gas demand fundamentals.Celsius Energy said natural gas accounted for 43% of fuel used to generate electricity on Monday, with power burn estimated at 45.1 Bcf, up 2.6 Bcf from the previous day but down 0.9 Bcf from a year earlier.Average power burn over the past seven days was 43.5 Bcf/d, down 3.7 Bcf/d from the same period last year.Lower 48 gas demand on Tuesday totaled 80.9 Bcf/d, up 1.9% from a year earlier, Barchart reported, citing BNEF data.On the supply side, production stood at 109.4 Bcf/d, while Canadian imports of 6.6 Bcf/d kept total supply at 116.1 Bcf/d, according to Gelber & Associates."That leaves Henry Hub caught between a short burst of summer demand and a supply base that remains capable of covering it, with the market likely needing either sustained heat or a meaningful LNG recovery before the current downward pressure begins to ease," Gelber & Associates said.LNG feedgas demand remained subdued at 18.2 Bcf/d as maintenance work at the Sabine Pass and Freeport export facilities continued to constrain deliveries, according to Criterion.

Equities27d ago

Oceaneering, Kongsberg Selected for US Navy Uncrewed Undersea Vehicle Development Program

Oceaneering International (OII) and Kongsberg said Tuesday they were selected by the US Department of War's Defense Innovation Unit to support the US Navy's vision for scalable uncrewed undersea platforms.The companies said the work will focus on concept definition, system architecture and design trade studies, with the design expected to be delivered in Q3, according to a statement.

$OII

Mining & Metals27d ago

Loblaw Enters Automatic Share Purchase Plan for EQB Stock

Loblaw Companies (L.TO)on Tuesday said it entered into an automatic share purchase plan with a broker to facilitate purchases of EQB (EQB.TO) common shares in connection with the closing of the sale of President's Choice Bank and certain affiliated entities to EQB.The broker may purchase up to a maximum number of EQB shares that, together with the 8.46-million shares already owned by Loblaw, would equal the lesser of 10.60 million shares or 24.90% of EQB's issued and outstanding common shares at any given time.The automatic share purchase plan will terminate once the maximum amount has been acquired, unless ended earlier under its terms.Loblaw shares closed down C$0.78 to C$64.18 on Toronto Stock Exchange on Tuesday. While EQB shares closed C$0.75 down to C$136.51.

$EQB.TO$L.TO

Asia27d ago

Experience Signs Term Sheet With Inflite Group to Combine Aviation Businesses

Experience (ASX:EXP) signed a non-binding term sheet with New Zealand's Inflite Group to explore combining their Australian and New Zealand skydive and aviation businesses under a newly formed New Zealand holding company, MergeCo, according to an Australian bourse filing on Tuesday after market hours.The proposed transaction values the combined company at around AU$110 million, per the filing.The company would receive about AU$65 million in total consideration, including AU$41 million in cash, a AU$5 million vendor note repayable in five years, and a nearly 33% stake in MergeCo valued at around AU$19 million, with existing Inflite shareholders retaining the remaining ownership, the filing said.The parties have agreed to an exclusivity period to conduct due diligence and negotiate definitive agreements, while the proposed transaction remains subject to financing, regulatory, shareholder, and other customary approvals, the filing added.

ASX:EXP

Asia27d ago

Cromwell Property Group Completes Sale of Stake in New South Wales Asset

Cromwell Property Group (ASX:CMW) said the sale of its 50% interest in 475 Victoria Avenue, Chatswood, New South Wales, has now been completed, according to an Australian bourse filing on Tuesday after market hours.

ASX:CMW

International27d ago

Quantity Sold at GDT Pulse Auction Exceeds 3,000 Metric Tonnes

A total of 3,083 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,700 MT to 3,150 MT, according to data from the trading platform.The average selling price for anhydrous milk fat was $6,214 per MT, butter averaged $5,315 per MT, and skim milk powder and whole milk powder averaged $3,122 per MT and $3,436 per MT, respectively.

^NZ50

Mining & Metals27d ago

Bird Construction Secures C$1 Billion in New Project Awards

Bird Construction (BDT.TO) after trade Tuesday announced about C$1 billion in new project awards and agreements.The company said it was selected as the preferred negotiating proponent for a multi-year nuclear contract. Bird also secured several major contracts, including marine and dredging work in British Columbia, a three-year furnace maintenance contract, and a renewed three-year industrial services contract.Bird will support an Indigenous-led partnership delivering site earthworks and underground services for a major mine development in Northern Quebec. The company was also awarded a contract to build a liquefied petroleum gas rail loading facility in Alberta for a Canadian energy infrastructure client, according to the statement."The diversity of these awards across sectors, geographies, and clients strengthens the quality of our backlog, enhances visibility into future performance, and positions us well to continue converting our growing opportunity pipeline into sustainable growth and long-term value," Chief Executive Teri McKibbon said.

$BDT.TO

Commodities27d ago

SuperCritical Secures Exclusive US DOE Uranium Technology License

SuperCritical Materials secured an exclusive US Department of Energy license to commercialize patented uranium extraction technology, the company said Tuesday.The Austin-based nuclear fuel and critical materials company obtained exclusive rights to a patented manufacturing process developed by US Department of Energy laboratories and research partners for the extraction of uranium and critical materials.The technology, led by researchers at Pacific Northwest National Laboratory and backed by the Department of Energy's Office of Nuclear Energy, has demonstrated the ability to extract uranium from seawater.SuperCritical plans to deploy it first in the US before expanding to allied nations.SuperCritical said US policymakers are shifting focus from advanced reactor deployment to expanding privately funded nuclear fuel-cycle infrastructure, including uranium supply, enrichment, High-Assay Low-Enriched Uranium production and fuel fabrication.SuperCritical said the world's oceans contain about 4.5 billion metric tons of uranium, more than 1,000 times the identified terrestrial reserves, creating an opportunity to recover uranium and other strategic materials through advances in adsorption technology.The company aims to supply uranium and critical materials needed to support artificial intelligence, advanced computing, robotics, defense technologies, and other energy-intensive industries.

Wire27d ago

Copa Holdings Reports Higher June Passenger Capacity, Traffic

Copa Holdings (CPA) said its preliminary June passenger capacity, measured as available seat miles, increased 16% from a year earlier.Passenger traffic, measured as revenue passenger miles, rose 13%, the company said Tuesday in a statement.Copa shares gained 3.1% in after-hours trading.

$CPA

Asia Markets27d ago

Update: US Equity Indexes Rise as Cooling Inflation Eases Interest-Rate Pressure on Tech While IBM Sell-Off Restrains Dow

(Updates with index/price moves, macroeconomic data, and geopolitical news from the first paragraph.)US equity indexes closed higher on Tuesday after the steepest slide in inflation in more than six years helped lift the Nasdaq Composite and the S&P 500, while a sharp sell-off in IBM (IBM) anchored the Dow Jones Industrial Average.The tech-heavy Nasdaq advanced 0.9% to 26,107.01, and the S&P 500 climbed 0.4% to 7,543.59. The Dow Jones Industrial Average rose by less than 0.1% to 52,508.27.Interest-rate-sensitive sectors, technology and communication services, led gainers in a broad-based rally. Healthcare was the worst performer. IBM sank 25%, the most on the Dow and the S&P 500, after Q2 guidance missed expectations.Looking at gains from the top 20 companies with market capitalizations exceeding $200 billion, half were from the semiconductor industry, according to data compiled by Finviz. The top gainer was SK Hynix, up 27%, following its Nasdaq debut last Friday.The consumer price index fell 0.4% month-over-month in June, the steepest drop since April 2020, compared with forecasts for a 0.1% drop in a Bloomberg-compiled survey and a 0.5% gain in May, according to the Bureau of Labor Statistics. Core CPI, which excludes food and energy prices, held steady, compared with the 0.2% growth estimate, in line with May's growth.The year-over-year rates for overall and core CPI slowed to 3.5% and 2.6%, respectively, from 4.2% and 2.9%. Core services, excluding housing, also known as the super core, saw the biggest sequential slide since May 2020, a Jefferies note said.The probability of the Federal Reserve leaving its policy unchanged in July soared to 83% from 58% a day ago, according to the CME FedWatch tool. The likelihood of the pause continuing over September, October, and December surged.Meanwhile, President Donald Trump withdrew his proposal to charge a 20% toll on cargo transiting the Strait of Hormuz, according to his social media post on Tuesday. "Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States."US Central Command will restart its naval blockade of Iranian ports at 4 p.m. ET on Tuesday.Front-month global benchmark North Sea Brent rose 2.2% to $85.09 a barrel, and US West Texas Intermediate was up 1.9% to $79.59 a barrel, albeit both crude types were off session highs."Resumption of tension in the Strait of Hormuz risks a reversal, but this month's [inflation] data is a step in the right direction for the Fed," Jefferies Chief US Economist said in a note.US Treasury yields fell, with the 10-year down 3.7 basis points to 4.58% and the two-year lower 7.4 basis points to 4.19%.Taking into account the weighting differences between the CPI and personal consumption expenditures baskets, the headline PCE, which is due out in a couple of weeks, is tracking a 0.3% decline month-over-month, according to a Scotiabank note. Core PCE is tracking similarly to the flat core CPI reading.

Dow JonesNasdaq CompositeS&P 500$IBM

Insider Trading27d ago

Applied Optoelectronics Insider Sold Shares Worth $488,360, According to a Recent SEC Filing

Stefan J. Murry, Chief Financial Officer, on July 10, 2026, sold 4,000 shares in Applied Optoelectronics (AAOI) for $488,360. Following the Form 4 filing with the SEC, Murry has control over a total of 380,576 common shares of the company, with 380,576 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1158114/000168316826005532/xslF345X05/ownership.xml

$AAOI

Commodities27d ago

ARC Resources Wins Shareholder Backing for Shell Acquisition

ARC Resources said Tuesday its shareholders approved the previously announced arrangement with Shell (SHEL), moving the proposed transaction closer to completion.Shell agreed earlier this year to acquire the Canadian natural gas producer in a transaction valued at about $16.4 billion, including debt, expanding its position in Canada's Montney shale basin.ARC said 99.54% of votes cast at a special shareholder meeting supported the deal.ARC added that it has secured key regulatory approvals under the Competition Act, the Canada Transportation Act, and the Hart-Scott-Rodino Antitrust Improvements Act of 1976.The Alberta Securities Commission also granted Shell exemptive relief for its UK and Netherlands share buyback programs, thereby satisfying another closing condition.The Court of King's Bench of Alberta is scheduled to hear the arrangement application on Wednesday. Subject to court approval, remaining regulatory clearances and customary closing conditions, ARC expects the transaction to close in the second half of 2026.Following completion, ARC expects its shares to be delisted from the Toronto Stock Exchange, the company said.

$SHEL

Mining & Metals27d ago

Apogee Minerals to Acquire Knife Lake Project From Trident Resources

Apogee Minerals (APMI.V) on Tuesday said it entered into an option agreement with Trident Resources (ROCK.V) to acquire a 100% interest in the Knife Lake Project in northeastern Saskatchewan, subject to underlying net smelter return royalties.Apogee will pay Trident C$400,000 in cash, issue to Trident 7.4-million shares of the company plus shares having an aggregate value of C$700,000, and incur a minimum of C$1 million in exploration expenditures on the property, Apogee said.The Knife Lake Project is an advanced-stage copper, silver, zinc, gold and cobalt exploration property. It hosts the Knife Lake Deposit, a near-surface, stratabound VMS-style deposit.

$APMI.V$ROCK.V

Insider Trading27d ago

Alignment Healthcare Insider Sold Shares Worth $5,919,361, According to a Recent SEC Filing

John E Kao, Director, Chief Executive Officer, on July 10, 2026, sold 298,000 shares in Alignment Healthcare (ALHC) for $5,919,361. Following the Form 4 filing with the SEC, Kao has control over a total of 2,697,509 common shares of the company, with 1,608,743 shares held directly and 1,088,766 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1832466/000162828026048170/xslF345X05/wk-form4_1784062026.xml

$ALHC

Oil & Energy27d ago

Market Chatter: US Advances Iraq-Syria Oil Pipeline Talks to Bypass Hormuz

The US is advancing talks to revive an oil pipeline linking Iraq to Syria, aiming to create an export route that bypasses the Strait of Hormuz and reduces Iran's potential leverage over global energy supplies, Bloomberg reported on Tuesday.US Special Envoy for Syria and Iraq Thomas Barrack held discussions with Iraqi and Syrian officials and companies, including Chevron (CVX), on restoring the long-idled Kirkuk-Baniyas pipeline. Bloomberg said a State Department official confirmed US support for rehabilitating the pipeline, with American firms expected to participate.US President Donald Trump also said Tuesday that new US-Iraq oil partnership announcements are expected within the next week, following a meeting with Iraqi Prime Minister Ali Al-Zaidi at the White House.The White House, US State Department, Iraqi Ministry of Foreign Affairs and Chevron did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX

Oil & Energy27d ago

Hormuz Traffic Plunges as Renewed Iran-US Conflict Threatens Oil Flows

Commercial vessel traffic through the Strait of Hormuz continues to decline as renewed hostilities between the US and Iran disrupt energy flows through the strategic waterway, according to shipping data released on Tuesday.Vessel transits via the Strait of Hormuz continued to decline on Monday, according to MarineTraffic data, which showed a total of 10 verified crossings, down by six from the previous day."Low risk commercial vessels accounted for the sharpest day on day reduction, while nine of the 10 crossings used the Iranian Route," according to MarineTraffic.MarineTraffic said that crew safety, insurance costs, and operational acceptance remain the primary constraints on transit decisions, as shipowners weigh whether transiting through the key chokepoint is commercially viable.TPH Energy strategists said the slowdown comes amid heightened security risks following deadly attacks on two UAE oil tankers, claimed by Iran's Islamic Revolutionary Guard Corps.The strikes have further restricted passage through the Strait, with shipping activity already heavily suppressed before the attacks.Meanwhile, the International Maritime Organization, the UN's shipping agency, on Monday confirmed 53 maritime security incidents linked to the Middle East conflict.The deterioration in maritime security in the Strait of Hormuz comes just 26 days after the US and Iran signed a 60-day interim agreement, a framework that had temporarily reduced tensions and allowed limited oil flows to resume.TankerTrackers posted on X on Monday that during this period, over 80 million barrels of Iranian crude oil and refined products, worth over $6 billion at current prices, have left the region, including shipments in the weeks leading up to the agreement.However, with the US blockade now being reinstated, TankerTrackers said about 30 million barrels of Iranian crude oil may remain awaiting departure.Over 60 million barrels of floating storage capacity remain available to Iran within the blockade perimeter, potentially allowing Tehran to continue production while holding unsold crude offshore.The US blockade threatens to reverse the fragile recovery in Gulf shipping activity and could force traders to reassess the availability of Middle Eastern crude supplies.US Central Command posted on X that military forces had resumed the blockade against vessels transiting to and from Iranian ports and coastal areas at 4 p.m. ET on Tuesday."There are currently more than 20 US Navy warships and hundreds of military aircraft operating across the Middle East," Centcom said.The latest escalation followed a series of retaliatory strikes between the US and Iran after Tehran moved to enforce restrictions on Hormuz traffic.The US Centcom conducted an additional round of strikes on Tuesday against Iran to hamper its ability to attack commercial vessels transiting the Strait of Hormuz.The strategic waterway handles about one-fifth of global oil consumption and remains critical for exports from Saudi Arabia, Iraq, Kuwait, the UAE and Qatar.TPH analysts said any prolonged disruption could tighten global crude markets, increase freight and insurance costs, and complicate energy flows into Asia.

US Markets27d ago

Update: Equities Rise Following CPI Data, Big Bank Earnings

(Updates with market moves at the end of the day.)US stocks advanced Tuesday as investors cheered cooler-than-expected consumer inflation data and digested big banks' earnings reports.The Nasdaq Composite closed 0.9% higher at 26,107, while the S&P 500 rose 0.4% to 7,543.6. The Dow Jones Industrial Average settled just above the flatline at 52,508.3. Among sectors, technology paced the gainers, while healthcare saw the biggest drop.The US consumer price index declined 0.4% in June, its first monthly drop since May 2020 and the largest decline since April 2020, amid lower energy costs, official data showed. The consensus in a Bloomberg-compiled survey was for the index to move down by 0.1%.Annually, inflation cooled to 3.5% last month from May's 4.2%, compared with expectations for a 3.8% print."Investors and the Federal Reserve will breathe a sigh of relief at the size of the improvement in the inflation numbers last month, likely keeping an imminent rate hike off the table later this month," BMO said in a note.There's now an 83% likelihood that the Fed will keep its monetary policy unchanged at its July meeting, up from 58% Monday, according to the CME FedWatch tool. The odds of a 25-basis-point rate increase slid to 17% from 42%.US Treasury yields were lower intraday, with the two-year rate down 7.4 basis points at 4.19% and the 10-year rate falling 2.5 basis points to 4.59%.In corporate news, Goldman Sachs (GS), JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC) and Citigroup (C) all posted strong second-quarter results Tuesday.Goldman shares jumped 9%, the best performer on the Dow and the second-top gainer on the S&P 500. JPMorgan and Bank of America also advanced, while Citigroup and Wells Fargo fell.IBM (IBM) shares slumped 25%, the worst performer on the S&P 500 and the Dow. The computer and software company's preliminary second-quarter results fell short of Wall Street's expectations, with Chief Executive Arvind Krishna calling the performance "disappointing."West Texas Intermediate crude oil was up 1.9% at $79.65 a barrel in Tuesday late-afternoon trade, while Brent rose 2.3% to $85.22.US President Donald Trump said Tuesday he would no longer demand a 20% "reimbursement fee" from ships passing through the Strait of Hormuz. In a social media post, Trump said he has "decided to replace" the fee with "trade and investment deals" with Gulf countries.Amid renewed tensions in the Middle East, Trump said a "full blockade" will be enforced on all ships coming to and from Iranian ports.Fed Chair Kevin Warsh vowed to curb high inflation straining American consumers and companies, affirming the central bank's commitment to restore price stability.Monetary policymakers "have no tolerance for persistently elevated inflation," Warsh said while speaking before a US House of Representatives committee. "If we get policy right -- and we will -- the inflation surge of the last five years will be a thing of the past."Gold was up 1.4% at $4,061.60 per troy ounce, while silver gained 2% to $59.15 per ounce.

Dow JonesNasdaq CompositeS&P 500$BAC$C$GS$IBM$JPM$WFC

Insider Trading27d ago

United Therapeutics Insider Sold Shares Worth $5,091,949, According to a Recent SEC Filing

Martine A Rothblatt, Director, Chairperson & CEO, on July 13, 2026, sold 9,500 shares in United Therapeutics (UTHR) for $5,091,949. Following the Form 4 filing with the SEC, Rothblatt has control over a total of 668,728 common shares of the company, with 40,513 shares held directly and 628,215 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1082554/000110657826000097/xslF345X05/primarydocument.xml

$UTHR

Mining & Metals27d ago

Errington Metals to Raise Up to C$25 Million in a Private Placement

Errington Metals (EM.V) after trade Tuesday said it has entered into an agreement with Stifel Canada, acting on behalf of a syndicate of agents, to raise up to C$25 million through a best-efforts private placement.The financing includes up to nearly 4.29-million shares priced at C$3.50 per share, raising C$15 million, and up to about 1.93-million flow-through shares priced at C$5.19 per share, raising about C$10 million.The agents also have the option to sell up to an additional 15% of the offered securities on the same terms, provided the option is exercised up to 48 hours before closing, the company added.Errington said proceeds from the common share offering will be used to continue exploration at its Sudbury Basin Complex and for general working capital.The offering is set to close around Aug. 11, subject to certain conditions including the TSX Venture Exchange's approval, the company added.The company's shares closed down C$0.18, or 4.8%, to C$3.58 on the TSX Venture Exchange.

$EM.V

Showing 15641-15660 of 70428

Asia Markets27d ago

Update: US Equity Indexes Rise as Cooling Inflation Eases Interest-Rate Pressure on Tech While IBM Sell-Off Restrains Dow

Dow JonesNasdaq CompositeS&P 500$IBM