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  • Why Now Might Be the Best Time to Invest in META Stock

    Why Now Might Be the Best Time to Invest in META Stock

    When quickly glancing at the StockCharts Technical Rank (SCTR) Reports Dashboard panel, one stock that popped up on Monday, albiet briefly, was Meta Platforms, Inc. (META). The stock has a year-to-date performance of over 70% according to the StockCharts Symbol Summary page and, after its recent pullback, the stock could be one to consider adding to your portfolio. You can gain exposure to META either with the underlying or via options.

    Analyzing META’s Stock Chart

    The weekly chart below shows the uptrend in META stock is at a crossroads — it could go up or down. The stock is trading above its 21-day exponential moving average (EMA), the SCTR score is at 79 — it has crossed above my 76 threshold level — and the relative strength index (RSI) has been moving sideways between the 50 and 70 levels since April 2024.

    FIGURE 1. WEEKLY CHART OF META STOCK PRICE. The stock is in an uptrend with a rising SCTR score. The RSI needs to move higher to indicate rising momentum.Chart source: StockCharts.com. For educational purposes.

    Turning to the daily chart, META pulled back from its all-time high and could be ready for a reversal to the upside. Last Friday, the stock closed at its 50-day SMA and bounced higher from there on Monday. It closed shy of $600 per share, at the top of its daily range. These are early signs of an upside move, but the SMA appears to be flattening.

    FIGURE 2. DAILY CHART OF META STOCK. The uptrend isn’t obvious on the daily chart; META’s stock price could go in either direction. The PPO in the lower panel needs to show bullish momentum and there needs to be upside follow-through in price to confirm a reversal to the upside.Chart source: StockCharts.com. For educational purposes.

    The trading volume is relatively low, but, given it’s a short holiday week, it’s probably not a good representation of momentum. The percentage price oscillator (PPO) is still negative. There should be upside follow-through in META’s stock price, which could result in the shorter moving average crossing above the longer moving average in the PPO. This would confirm a bullish reversal.

    META is in a spot where the price could move in either direction. The stock is trading between its 50-day SMA and a resistance level it hit twice in October. A break below the 50-day SMA would mean watching the $575 level, its next support level. This coincides with its December 2 breakout and previous support and resistance levels. Two lower support levels are its 100-day SMA and the $550 level.

    If META’s stock price were to reverse and move higher, its price point of around $600 a share would be steep. Buying 50 shares will cost you about $30,000. An alternative would be to consider options on META.

    Options Trade Ideas for META

    Looking at the OptionsPlay Explorer (click Options under Tools & Resources in the menu to the left of the chart, then the OptionsPlay button), buying a Feb 21 595/695 call vertical spread would cost $3,335 and have a potential return of almost 200%. But this can change, so you want to monitor any open position carefully.

    FIGURE 3. A CALL VERTICAL SPREAD FOR META. The return of 199.85% is respectable, but remember, things change especially as the option approaches expiration so you still need to monitor your trade carefully.Image source: OptionsPlay Strategy Center from StockCharts.com. For educational purposes.

    The biggest risk with this trade is META will report earnings before expiration. With a stock like META, volatility tends to be high ahead of earnings, which could drastically impact your trading results. In such a scenario, you have several choices. You could close the position before expiration, especially if you’ve made a decent profit; you could roll the trade to a further expiration; or you could modify the trade and select an expiration date before the earnings report. Click the Modify button and change the expiration dates and/or strike prices of the legs.

    If META’s stock price moves lower, consider applying bearish options strategies. Click the bearish button above the risk graphs to see the three optimal strategies to apply. Buying a Feb 21 600/505 put vertical would generate a return of over 200%, with the trade costing you $2,875.

    Options are very flexible instruments, and your cash outlay is much lower than buying shares of META. Regardless of which way META’s price moves, there’s an options strategy you can apply.  So add META to your ChartLists and, if you have an options-enabled trading account, it’s worth exploring the OptionsPlay Strategy Center on StockCharts.com.

    Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

  • 5 Best-performing Canadian Oil and Gas Stocks in 2024

    5 Best-performing Canadian Oil and Gas Stocks in 2024

    The 2024, the oil market experienced notable fluctuations influenced by global economic trends and geopolitical events. Early in the year, prices remained relatively stable, with Brent crude averaging around US$80 per barrel.

    However, as the year progressed, several factors contributed to increased volatility. A significant slowdown in China’s economy led to reduced demand growth, prompting the International Energy Agency (IEA) to revise its global oil demand growth estimate for 2024 down to 910,000 barrels per day.

    Simultaneously, global oil production saw modest increases. The IEA also reported a rise of 0.6 million barrels per day in global liquid fuels production for 2024, with non-OPEC+ countries contributing significantly to this uptick.

    Geopolitical tensions, particularly involving major oil-producing nations, added layers of complexity to the market. Despite these challenges, the market displayed resilience, with prices fluctuating within a relatively narrow range. By mid-December, crude oil prices had risen to approximately US$74 per barrel, marking a six-week high.

    Looking ahead, forecasts suggest that oil prices may average around $75 per barrel in 2025, with potential declines in subsequent years.

    Against that backdrop, the five top-performing oil and gas stocks on the TSX and TSXV have seen share price growth. All year-to-date performance and share price data was obtained on December 19, 2024, using TradingView’s stock screener, and the oil and gas companies listed all had market caps above C$10 million at that time.

    1. Sintana Energy (TSXV:SEI)

    Company Profile

    Year-to-date gain: 234.85 percent
    Market cap: C$410.61 million
    Share price: C$1.11

    Sintana Energy, an oil and gas exploration and development company, operates across five highly prospective onshore and offshore petroleum exploration licenses in Namibia and Colombia.

    The company saw tailwinds early in the year after releasing updates on exploration in Namibia’s Orange Basin. It made two significant light oil discoveries in January at petroleum exploration license 83.

    February saw more share price growth when Sintana was listed on the TSX Venture 50 as the top energy performer.

    In June, the company finalized its acquisition of a 49 percent interest in Giraffe Energy Investments as per an agreement dated April 24. Giraffe Energy holds a non-operating 33 percent stake in petroleum exploration license 79 in Namibia, and the remaining 67 percent of the license is owned by operator National Petroleum of Namibia.

    Shares of Sintana marked a year-to-date high on June 11 to trade for C$1.42.

    In late August, the company released its financial results for Q2 2024, which saw an overall net loss of C$2.7 million primarily driven by general and administrative expenses.

    Recently Sintana announced a new exploration and appraisal campaign in Namibia’s Orange Basin, targeting blocks 2813A and 2814B under petroleum exploration license 83.

    2. Arrow Exploration (TSXV:AXL)

    Company Profile

    Year-to-date gain: 26.56 percent
    Market cap: C$117.2 million
    Share price: C$0.40

    Arrow Exploration, through its wholly owned subsidiary Carrao Energy, operates in Colombia with a focus on developing its portfolio of oil assets in the country. The company’s strategy is to target the expansion of oil production in key basins, including the Llanos Basin, Middle Magdalena Valley and Putumayo Basin.

    Arrow Exploration holds high working interests in its assets, which are predominantly linked to Brent pricing.

    In June, Arrow announced that it had successfully brought the first of four planned Ubaque horizontal wells into production, reporting that the Carrizales Norte B pad (CNB HZ-1) was producing 3,150 barrels of oil per day (bpd) gross, with 1,575 bpd net to Arrow, and has a water cut of less than 1 percent.

    This news sent Arrow’s share price significantly upward registering a year-to-date high of C$0.60 on August 25.

    The company released its Q2 results on August 29, reporting total oil and gas revenue of C$15.1 million for the period, up 47 percent year-on-year. Its current production is 5,000 barrels of oil equivalent per day.

    In late September, after bringing another two wells online, Arrow announced that CNB HZ-5, its fourth horizontal well on the Carrizales Norte B pad in Colombia, is now producing over 2,700 barrels of oil per day gross. The company expects strong long-term performance.

    For Q3 2024 Arrow reported its “strongest quarter” driven by record production, revenue, EBITDA, and cash flow. The company successfully drilled three horizontal development wells in the Carrizales Norte field, boosting operational momentum.

    Arrow also posted C$21.3 million in oil and natural gas revenue, net of royalties, a 53 percent increase compared to Q3 2023.

    3. Condor Energies (TSX:CDR)

    Company Profile

    Year-to-date gain: 23.24 percent
    Market cap: C$114.68 million
    Share price: C$1.75

    Condor Energies concentrates on the exploration, development and production of natural gas in Turkey, Kazakhstan and Uzbekistan. The company is currently building Central Asia’s inaugural liquefied natural gas (LNG) facility.

    In late January, Condor secured a natural gas allocation from the Kazakhstan government for its maiden modular LNG production facility. The gas allocation will be instrumental in liquefying feed gas to produce up to 350 metric tons per day of LNG, equivalent to about 210,000 gallons per day, the company said.

    Condor’s shares reached a year-to-date high in February to trade for C$2.76.

    In March, the energy company began a production-enhancement operation for eight natural gas condensate fields in Uzbekistan. Gas output will be directed to the domestic market through state entity agreements. Condor has agreed to cover project costs and receive a share of the generated revenues. The company launched a multi-well workover program at the fields in June.

    In July, Condor signed its first LNG framework agreement for producing and utilizing LNG to power rail locomotives in Kazakhstan.

    In mid-August, Condor released its Q2 report, highlighting that Uzbekistan production averaged 10,052 barrels of oil equivalent per day (boe/d) for the period, consisting of 59.03 million cubic feet per day and 213 barrels of oil per day of condensate. Q2 sales of gas and condensate from Uzbekistan totaled C$18.95 million.

    Condor recently secured a second natural gas allocation from Kazakhstan’s state authority for its planned LNG facility near the Kuryk Port on the Caspian Sea. The allocation will fuel a low-carbon LNG production site capable of producing the energy equivalent of 565,000 liters of diesel per day, according to a September announcement.

    The company’s Q3 results highlighted positive results for its gas field enhancement project in Uzbekistan, with production averaging 10,010 boe/d and sales reaching C$19 million. Results from the multi-well workover program have exceeded expectations,

    Condor reported, increasing gas flow rates by 100 percent to 300 percent.

    Earlier this month the company closed a brokered financing raising C$19.4 million.

    4. Imperial Oil (TSX:IMO)

    Company Profile

    Year-to-date gain: 18.62 percent
    Market cap: C$48.47 billion
    Share price: C$90.34

    Calgary-based Imperial Oil is a prominent Canadian energy company involved in the exploration, production, refining and marketing of petroleum products. With a history spanning over 140 years, Imperial operates diverse assets across Canada, including oil sands, conventional crude oil and natural gas assets.

    On February 2, Imperial released its Q4 2023 results, highlighting upstream production of 452,000 barrels of oil equivalent per day, “marking its highest level in over three decades.”

    Additionally, Imperial initiated steam injection at Cold Lake Grand Rapids, pioneering the industry’s first deployment of solvent-assisted SAGD technology. Downstream operations performed strongly, with refinery capacity utilization reaching 94 percent following the successful completion of the largest planned turnaround at the Sarnia site.

    In this year’s Q2 results, Imperial reported quarterly net income of C$1.13 billion along with operating cashflow of C$1.63 billion, or C$1.51 billion when excluding working capital. According to the company, its upstream production reached 404,000 gross boe/d, its highest second quarter production in over 30 years. The Kearl project matched its highest-ever second quarter production at 255,000 gross boe/d, with Imperial’s share being 181,000 barrels. Cold Lake also performed strongly, with production of 147,000 bpd.

    During the period, the company achieved first oil at Grand Rapids and renewed its annual share repurchase program, aiming to buy back up to 5 percent of its outstanding common shares.

    On November 1, Imperial announced a quarterly dividend of C$0.60 per share, payable on January 1, 2025, to shareholders of record as of December 3, 2024. This matches its previous quarterly dividend.

    Imperial saw its shares reach a year-to-date of C$108.03 on November 21, 2024.

    In mid-December the company released its 2025 guidance. In it Brad Corson, chairman, president and chief executive officer laid out Imperial’s plans for the year ahead.

    “Our 2025 plan builds on our momentum and positions the company to achieve even stronger operating performance with higher volumes and lower unit cash costs at Kearl and Cold Lake,” he said. “In the Downstream, a lighter turnaround schedule supports higher refinery throughput year-over-year, and start-up of the Strathcona Renewable Diesel project is expected to increase product sales.”

    5. Athabasca Oil (TSX:ATH)

    Press ReleasesCompany Profile

    Year-to-date gain: 15.68 percent
    Market cap: C$2.55 billion
    Share price: C$4.87

    Athabasca Oil is focused on developing thermal and light oil assets within Alberta’s Western Canadian Sedimentary Basin. The company has established a substantial land base with high-quality resources. Its light oil operations are managed through its private subsidiary, Duvernay Energy, in which the company holds a 70 percent equity interest.

    At the end of July, Athabasca released its Q2 results, reporting average Q2 production of 37,621 boe/d, resulting in an increase in its annual production guidance to 36,000 to 37,000 boe/d. The company also achieved record adjusted funds flow of C$166 million and cashflow from operating activities of C$135 million.

    Athabasca Oil’s Q3 results, released in late October, underscored a strong third quarter with average production of 38,909 boe/d, an 8 percent year-over-year increase. Adjusted funds flow reached C$164 million, marking a 25 percent increase per share.

    In early December Athabasca Oil announced its 2025 budget, focusing on enhancing cash flow per share and committing 100 percent of free cash flow to shareholder returns through share buybacks.

    The company also plans to invest approximately C$335 million in capital expenditures, aiming for an average production of 37,500 to 39,500 barrels of oil equivalent per day, with an exit rate of around 41,000 boe/d.

    Athabasca shares rose to a year-to-date high in August when they were trading for C$5.66.

    Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

  • SAGA Metals Announces Closing of $700,000 Private Placement and Receives Drill Permits for Double Mer Uranium and Radar Titanium-Vanadium Maiden Drill Programs

    SAGA Metals Announces Closing of $700,000 Private Placement and Receives Drill Permits for Double Mer Uranium and Radar Titanium-Vanadium Maiden Drill Programs

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES.

    Saga Metals Corp. (the ‘Company’ or ‘SAGA’) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce it has closed its previously announced non-brokered private placement (the ‘ Private Placement ‘) of standard flow-through units (the ‘ Standard FT Units ‘) and Québec flow-through units of the Company (the ‘ QFT Units ‘ and, together with the Standard FT Units, the ‘ FT Units ‘). The Company issued 975,610 Standard flow-through units at a price of $0.41 per Standard FT Unit for gross proceeds of $400,000.10 and 697,675 QFT Units at a price of $0.43 per QFT Unit for gross proceeds of $300,000.25, for aggregate gross proceeds of $700,000.35.

    Financing Overview:

    Each FT Unit consist of one flow-through common share (a ‘ FT Share ‘) as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘ Tax Act ‘), and one-half of one transferable common share purchase warrant (each whole such warrant, a ‘ Warrant ‘). Each Warrant will entitle its holder to purchase one common share in the capital of the Company (a ‘ Warrant Share ‘) at a price of $0.50 until December 23, 2026. The Warrants and the Warrant Shares underlying the Warrants will not qualify as ‘flow-through shares’ under the Tax Act.

    In connection with the closing of the Private Placement, the Company paid cash finder’s fee in the amount of $49,000 and issued 117,129 non-transferable compensation warrants, with each compensation warrant exercisable to acquire one common share in the capital of the Company at a price of $0.41 until December 23, 2026.

    All securities issued in connection with the Private Placement are subject to a hold period of four months and one day pursuant to applicable securities laws. The FT Shares, Warrants, Warrant Shares, compensation warrants and any shares issued on exercise thereof are subject to a hold period and may not be traded until April 24, 2025 except as permitted by applicable securities legislation and the rules and policies of the TSX Venture Exchange.

    The gross proceeds from the FT Shares, sold as part of the sale of the FT Units, will be used by the Company for ‘Canadian exploration expenses’ that are ‘flow-through critical mineral mining expenditures’ (as such terms are defined in the Tax Act) on the Company’s flagship asset, the Double Mer Uranium project on the east coast of Labrador, Canada, and exploration on its other primary asset, the Amirault Lithium Property located in Québec’s Eeyou Istchee James Bay region.

    The securities 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 may not be offered or sold, within the United States, unless exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws are available.

    No securities regulatory authority has reviewed or approved of the contents of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of SAGA in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Receipt of Drill Permits for Double Mer Uranium and Radar Ti-V Projects:

    In addition, the Company reports receipt of drill permits from the Newfoundland & Labrador government to commence drilling at the Double Mer Uranium Project and Radar Titanium-Vanadium (Ti-V) project. The Standard FT Unit component of the financing enables to Company to approach Q1 2025 with two strategic drill programs setting the stage for results from two projects within SAGA’s portfolio.

    Key Highlights:

    • Maiden Drill Program: Drilling is scheduled to commence in Q1 2025 with a minimum 1,500m program at both projects.
    • Double Mer Uranium Drilling Location: This drill program will systematically grid and evaluate the anomalies of the Luivik zone, providing comprehensive data on its uranium potential.
    • Double Mer’s Luivik Zone Potential: The westernmost area of the 18km radiometric trend showcases potential for secondary fluid enrichment that can be conducive to uranium mineralization with 300m width and potentially a 1km strike containing samples up to 0.3692% U3O8 .
    • Radar Ti-V Drilling Location: The Hawkeye zone is the most advanced zone with both surface samples and detailed geophysics creating clear drill targets .
    • Radar’s Hawkeye Zone Potential: Assays have returned consistent values between 2.5 – 11.1% TiO2 and 0.2 – 0.66% V2O5 , confirming the presence of high-grade titanium and vanadium across a potential 1km wide and 4km long trend further confirmed with geophysics.

    Double Mer Uranium Project:

    The Double Mer Uranium Project is Saga Metals’ flagship project, covering 1,024 claims across 25,600 hectares in eastern-central Labrador, approximately 90 km northeast of Happy Valley-Goose Bay. Leveraging significant historical exploration data, SAGA’s exploration team validated key data and built upon the Company’s understanding of the project’s potential. This work has refined the understanding of the targets within the zone, specifically supporting the decision to initiate a 1500-2500m drill program the Luivik zone .

    SAGA sees the Double Mer Uranium Project as a promising addition to the significant uranium projects already established in Labrador’s Central Mineral Belt (CMB) , including Paladin Energy’s Michelin and Atha Energy’s CMB discovery. With encouraging surface samples and geophysical data, SAGA believes Double Mer could offer comparable large-tonnage potential.

    Figure 1: Regional map of the Double Mer Uranium Project in Labrador, Canada

    The Luivik zone has been prioritized for drilling due to its anomalous uranium (U3O8%) geochemistry, along with clear signs of alteration and fluid enrichment. This zone exhibits Iron phase IOCG (Iron Oxide Copper Gold) fluid characteristics, such as high concentrations of smoky quartz and iron carbonate staining, which are indicators of late fluid flow. These characteristics will be carefully monitored as it can have the potential to enrich uraniferous units and mark the highest-grade intercepts. Consistent CPS (counts per second) readings further highlight the Luivik zone’s uranium potential, making it a top target for exploration.

    The Luivik zone boasts a width of 300 meters between samples with a cut-off of 150 ppm U3O8 and anomalous grades over 1,100 ppm U308 to a high of 3,692 ppm U3O8 in a single sample. The Uranium count radiometrics suggest that the anomalous pegmatites which predominantly hosts the Luivik zone may extend upwards of one km or greater.

    The zone’s favorable mineralogy is complemented by logistical advantages. Located just one kilometer from Double Mer’s main camp, the Luivik zone offers easy access for drilling teams, with snowmobile trails in place to support active drilling operations, ensuring both practical and cost-effective program execution.

    Figure 2: The Luivik zone in the west of the Double Mer Uranium Property. Mapped pegmatites with amphibolite mafic rocks which sit in place with much of the mineralized trends.

    Michael Garagan, CGO & Director of Saga Metals Corp. commented: ‘Drilling the Luivik zone which contains some of the most encouraging results, combined with less logistical challenges is the best starting spot for SAGA. We will be immediately looking to build off this winter program by getting permits ready to continue to test zones further east such as the Nanuk and Katjuk zones in Q2 and Q3 of 2025. We are aiming to confirm uranium concentrations and take initial steps in delineating this zone’s potential as a critical step in positioning Double Mer as a quality project in Labrador’s large-tonnage uranium landscape.’

    Radar Ti-V Project:

    The Radar Ti-V Property is located 10km south of Cartwright in Labrador, Canada. The project spans 17,250 hectares and benefits from road access, supporting efficient exploration and development.

    Figure 3: Map of the Radar Ti-V project and its proximity to the town of Cartwright, Labrador

    The Hawkeye zone is the most prospective target on the property. Detailed geophysics and surface samples are suggestive of a complex and phased layered mafic intrusion that may be upwards of 1km wide and 4 km long. Recent geophysics completed on the property show very detailed correlation to the rock samples and observed phase changes in the system.

    Increased immiscibility in the east creates pronounced silica rich (magnetite depleted) banding mixed interstitially with high grade massive magnetite layers above ( 5-11.1 % TiO2 & 0.3-0.66 % V205% ). This first phase can be identified by the contact of low magnetics bands (blue) and highly magnetic bands (red, pink) (see Figure 4 below). After the high-grade banding the rocks transition into a gabbro norite rock moving westwards which contains a disseminated magnetite groundmass. These rocks are lower grade averaging (3-5% TiO2) & (0.1-0.2% V2O5) but are consistent and extensive in width. The entirety of these cross-system phases is almost 1km wide with a near vertical dip of each layer.

    SAGA aims to complete a 1,500m drill program at the Hawkeye zone over the area encompassing the anomalous TiO2 and V2O5 surface samples and targeted geophysics segment as shown in Figure 4 below.

    Figure 4: Geophysics completed over a targeted area within the Hawkeye Zone increasing width to 1km and a projected 4km strike

    Michael Garagan, CGO & Director of Saga Metals Corp. further commented: ‘The decision to run back-to-back drill programs and include the Radar project is strategic and efficient as we are always looking to maximize our cost-effectiveness and shareholder value. We’ve engaged Gladiator Drilling out of south-eastern Labrador. Both the drilling and geological teams will be able to drive right into the Hawkeye zone for a 3-week program prior to the Double Mer Uranium drill program. SAGA will be able to enter Q2 with drill results from two projects, setting the stage for a very active 2025 field season.’

    About Saga Metals Corp.

    Saga Metals Corp. is a North American mining company focused on the exploration and discovery of critical minerals that support the global transition to green energy. The company’s flagship asset, the Double Mer Uranium Project, is located in Labrador, Canada, covering 25,600 hectares. This project features uranium radiometrics that highlight an 18-kilometer east-west trend, with a confirmed 14-kilometer section producing samples as high as 4,281ppm U 3 O 8 and spectrometer readings of 22,000cps.

    In addition to its uranium focus, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.

    SAGA also holds secondary exploration assets in Labrador, where the company is focused on the discovery of titanium, vanadium, and iron ore. With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

    For more information, contact:
    Saga Metals Corp.
    Investor Relations
    Tel: +1 (778) 930-1321
    Email: info@sagametals.com
    www.sagametals.com

    Qualified Person

    Peter Webster P.Geo. CEO of Mercator Geological Services Limited is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Double Mer Uranium Project and Radar Ti-V Project disclosed in this news release.

    The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Cautionary Disclaimer

    This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s plans and objectives in respect of the gross proceeds from the Private Placement as well as the prospective nature of the Double Mer Uranium and Radar Titanium-Vanadium Projects and future exploration programs. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company’s final prospectus in Manitoba and amended and restated final prospectus for British Columbia, Alberta and Ontario dated August 30, 2024, filed under its SEDAR+ profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8a56795f-d011-4929-a207-955c92da507e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c5509c3f-aee5-4a0b-9e70-2c396ea67922

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0b5fe5a7-4301-48d9-be70-4dded8acc9d5

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6e515a5e-646b-44f2-b807-4d034a0af375

    News Provided by GlobeNewswire via QuoteMedia

    This post appeared first on investingnews.com

  • Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

    Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer

    Nordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.

    The company’s board of directors unanimously approved of the transaction, which is expected to close in the first half of 2025.

    As part of the deal, the Nordstrom family will have majority ownership in the company, with 50.1%, and Liverpool will own 49.9%. Common shareholders will receive $24.25 in cash for each share of Nordstrom common stock they hold, according to a press release.

    “For over a century, Nordstrom has operated with a foundational principle of helping customers feel good and look their best,” Nordstrom CEO Erik Nordstrom said in a press release. “Today marks an exciting new chapter for the business. On behalf of my family, we look forward to working with our teams to ensure Nordstrom thrives long into the future.”

    It’s not the first time the retailer has tried to go private. A previous effort fizzled out in 2018. In September, the Nordstrom family offered $23 a share for the chain, which valued the company at roughly $3.76 billion.

    Nordstrom stock fell roughly 1% in early trading. Shares of the company have shot up since a Reuters report in March that the family wanted to take the company private. 

    Nordstrom beat Wall Street’s sales expectations in November for the fiscal third quarter, as revenue grew about 4% year over year. But the company gave only a slightly rosier full-year sales forecast as it said it expected a soft holiday season.

    Luxury clothing stores have been under pressure as retailers including Walmart, Best Buy and Target have reported that customers remain choosy when it comes to buying items that are wants, not needs, and have paid more attention to price.

    Nordstrom was founded as a shoe store in 1901 before transitioning into a department store that sells a wide variety of clothing and accessories across more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations.

    El Puerto de Liverpool operates two other department store chains, Liverpool and Suburbia, and owns 29 shopping centers across Mexico.

    This post appeared first on NBC NEWS

  • Lego is reinventing its iconic brick sets and keeping the toy industry afloat

    Lego is reinventing its iconic brick sets and keeping the toy industry afloat

    The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking plastic bricks.

    At a time when toy companies are struggling to match the massive gains of pandemic-era sales, Lego is growing rapidly. The Danish company saw revenue jump 13% in the first six months of the year and continues to snap up market share.

    “When you look at toy sales, Lego has just been driving all the growth in the industry this year,” said Eric Handler, managing director at Roth MKM.

    After coming to the brink of bankruptcy in the early 2000s, Lego has reshaped its business and diversified its customer base, helping it to elevate sales even in inflationary market conditions.

    Lego has posted positive annual revenue growth in each of the past six years.

    Its strategy has involved delving into the world of licensing, catering to adults as well as kids, tapping into the digital gaming world, partnering with studios and streamers to bring Lego content to consumers and building manufacturing sites close to distribution hubs to smooth the supply chain.

    Recent standouts among its tried-and-true portfolio are newly emphasized “passion points,” kits that appeal to a wide variety of consumers, from those obsessed with franchises such as Star Wars and Harry Potter to car enthusiasts and animal lovers.

    “Lego has consistently bucked the trend the past few years,” said James Zahn, editor in chief of The Toy Book. “When other companies go down, Lego tends to go up.”

    Zahn noted that Lego’s ability to be “ahead of the curve” has allowed it to be more nimble during times of inflation, as consumers tighten their purse strings, and to navigate upheaval in the theatrical entertainment industry and even looming tariff increases.

    “I think, perhaps, the overarching story here is that they really are, it seems, like they’re two to three steps ahead of everybody else,” Zahn said.

    From miniature models of Emerald City from “Wicked” to a version of Wednesday and Enid’s dorm room in the Jenna Ortega-led “Wednesday,” Lego has tapped into pop culture to bring fan-favorite stories to life in brick form.

    Licensing has long been an important strategy for toy companies. Pulling from existing and upcoming intellectual property from movies and television shows allows brands such as Lego to cater to an already robust and engaged consumer.

    The Lego shop in Paris on Nov. 23.Stéphane Mouchmouche / AFP / Getty Images

    Lego’s first licensed partnership was in 1999 when it linked up with Lucasfilm to bring Star Wars sets to the public. Some of these kits were tied to the release of “Star Wars: Episode I — The Phantom Menace,” while others celebrated vehicles and characters from the original trilogy of films.

    “Lego embraced adults, long before we started saying ‘kidults,’ and they’ve managed to continue that in new ways,” said Zahn.

    Over the past two decades, Lego has worked with hundreds of other partners to translate the likes of Harry Potter, Lord of the Rings, Ghostbusters, Marvel, DC, Jurassic Park and Pixar into building blocks.

    More recently, the company has launched kits such as the Sanderson sisters’ house from “Hocus Pocus” and even a “Jaws” set featuring the iconic shark taking down Quint’s boat.

    “For the Lego brand, [we’ve seen] tremendous years of growth,” said Julia Goldin, chief product and marketing officer at Lego. “We made a very deliberate decision to unlock our potential with many new audiences, double down on the audiences that we already had and really ensure that we are very connected.”

    Lego isn’t stopping at franchise-based sets.

    The company has worked to design different types of sets that cater to new audiences, ones that might not have otherwise bought or built a Lego set, Zahn said. This includes cityscape sets featuring skylines from London to New York, brick versions of famous paintings such as Vincent van Gogh’s “Starry Night” and Leonardo da Vinci’s “Mona Lisa” as well as a line of botanicals.

    Goldin noted that Lego is “investing in bringing in new audiences to the portfolio” and creating more products for them.

    People take pictures of the lifesize Lego Technic McLaren Formula One race car in Singapore on Sept. 23, 2022.Roslan Rahman / AFP / Getty Images file

    That’s why Lego has partnered with Formula 1 to create a line of F1-inspired sets that range from Duplo kits for preschool children all the way to collectible sets for adults. The partnership will also span Lego’s digital platforms, and the toy company will have a presence at future F1 auto racing events.

    Goldin said previous car products, including a McLaren Lego set, performed well at retail, giving Lego confidence to delve deeper into the auto racing space.

    “We always start with the audience,” she explained. “We’re always looking at, what are kids into? And we saw that F1 was one of the No. 1 most growing passions among younger kids, and also growing globally and attracting a lot of new audiences, especially women and families.”

    Attracting new consumers has allowed Lego to drive revenue and helped to counterbalance softness in the theatrical realm.

    Much of the toy industry’s current sales woes can be attributed to the disrupted pipeline in Hollywood production. A global pandemic followed by labor strikes left Tinsel town with fewer new releases that could have served as the basis for breakout toys.

    The lack of kids movies, in particular, meant toy companies were not producing as many new action figures, roleplay items and other movie tie-ins.

    But in 2023, Lego offered 780 products, around 50% of which were new items, on par with recent years.

    At the same time, Lego has expanded beyond its retail shelf space.

    The company has launched several theatrical features of its own, partnered with streamers such as Disney+ to bring Marvel and Star Wars content to the small screen and even launched its own vertical within Epic Games’ popular Fortnite game.

    The expanding portfolio has kept Lego at the forefront of consumers’ minds, given them alternative ways to engage with the brand and driven incremental retail purchases.

    “We have to remember that kids, they grow up,” said Goldin. “So there’s a new generation coming all the time. I think the next five years we’ll see even more digitalization and interactivity coming into the different experiences that we can create.”

    Goldin said with Fortnite, the company aimed to go beyond sets and create an experience. Within the larger game of Fortnite, players can participate in a Lego-based world where they construct digital Lego buildings, battle against creatures, customize their online mini figure and socialize with other Lego fans.

    Lego CEO Niels Christiansen has repeatedly touted the importance of meeting kids where they are, noting during previous earnings reports that the company is competing for children’s time and attention. Being relevant to them and in spaces that they already occupy has translated back to sales of physical Lego kits.

    It is a similar strategy to the one Lego has employed in partnering with Disney+ for several Star Wars and Marvel animated shows and in its recent theatrical release of a feature-length animated documentary about Pharrell Williams called “Piece by Piece.”

    “We felt [‘Piece by Piece’] really was something that was super original,” said Jill Wilfert, head of global entertainment partners and content at Lego.

    “We want to attract a broader audience that’s going to be engaged with the brand,” Wilfert added. “So, this was something we thought would help us get there. And when we do entertainment for us, it’s really about doing those things that help us really convey the values of the brand in a super entertaining and relevant way, but it’s also something that families, people, friends, can experience together.”

    Wilfert said Lego has several theatrical projects in development that could arrive on the big screen in the coming years.

    In the meantime, the company plans to continue releasing episodes and shorts tied to existing shows that air on Netflix, Nickelodeon and YouTube.

    This post appeared first on NBC NEWS

  • The Fed Is The New Waffle House

    The Fed Is The New Waffle House

    I had no idea the Fed could be such expert wafflers. But, as each month passes, it’s becoming clearer. The overall stock market trend, despite all the back-and-forth, yo-yo Fed decisions over the past 6 months, remains to the upside. Need proof? Check out this weekly S&P 500 chart for the past year:

    Now, if you weren’t aware of any news, would you think any differently about this pullback to the 20-week EMA than prior tests to the same level? There was a volume spike, but keep in mind it was December monthly options expiration week. Quad-witching months (March, June, September, and December) typically are accompanied by heavier volume. The Friday market recovery occurred before any significant breakdown on this chart, which I find bullish. I view the stock market action from December 21st through December 31st to be the period where we normally see a “Santa Claus rally” – more on that below.

    The Fed has made it clear in the past that they’ve been “data-dependent.” In the latest FOMC policy decision and subsequent press conference, however, Fed Chief Powell indicated that they’ve cut the number of anticipated rate cuts in 2025 from 4 to 2, because committee members feel that core inflation could be higher than they previously thought back in September, when the first rate cut was announced.

    Here’s a problem I have, though. On Thursday, November 14th, the Associated Press reported the following:

    The Fed acknowledged in this article that inflation remained persistent and above the Fed’s target 2% level. That day, Powell suggested that inflation may remain stuck somewhat above the Fed’s target level in coming months. But he reiterated that inflation should eventually decline. Given those November 14th remarks, if the Fed was concerned about inflation remaining elevated, then why not change their tune on 2025 interest rate cuts at the November 6-7 Fed meeting. If they’re truly “data dependent”, then what data changed from November 14th until the next Fed meeting on December 17-18 to prompt 2025 interest rate policy change?

    Can I have a waffle, please?

    Odds of a Santa Claus Rally

    Again, I consider the Santa Claus rally to be from December 21st through December 31st, so let’s look at how many times this period has actually moved higher:

    • S&P 500: 58 of the last 74 years since 1950 (annualized return: +40.50%)
    • NASDAQ: 43 of the last 53 years since 1971 (annualized return: +61.80%)
    • Russell 2000: 31 of the last 37 years since 1987 (annualized return: +64.57%)

    Based upon history, the odds of a Santa Claus rally is 78.4%, 81.1%, and 83.8% on the S&P 500, NASDAQ, and Russell 2000, respectively. And you can see the annualized return for this period in the parenthesis above. I’d say there’s a ton of historical performance to suggest the odds that we’ll rally from here until year end are rather strong.

    Nothing is ever a guarantee, however.

    Max Pain

    In my opinion, the media is promoting the idea that inflation is re-igniting and that the Fed is becoming more hawkish. I believe last week’s selling is due to EXACTLY what I talked about with our EarningsBeats.com members during our December Max Pain event on Tuesday. There was a TON of net in-the-money call premium and the big Wall Street firms aided their market-making units by telling us how bad the Fed’s actions and words are for the stock market. That Wednesday drop saved market makers an absolute FORTUNE. We pointed out to our members the downside market risk that existed, because of max pain. A day later, VOILA! It’s magic! The crazy afternoon selling was panicked selling at its finest, with the Volatility Index (VIX) soaring an astounding 74% in 2 hours! On Thursday and Friday, the VIX retreated back into the 18s (from 28) as if nothing ever happened.

    There’s a reason why I preach every single month about options expiration and this was just another example of legalized thievery by the market makers. Let’s give them another golf clap.

    MarketVision 2025

    It’s almost time for my 2025 forecast, which will be a big part of our Saturday, January 4, 2025, 10:00am ET event. This year’s MV event, “The Year of Diverging Returns”, will feature myself and David Keller, President and Chief Strategist, Sierra Alpha Research. Many of you know Dave from StockCharts and also from his Market Misbehavior podcast. I’m looking forward to having Dave join me as we dissect what we believe is likely to transpire in 2025. For more information on the event and to register, CLICK HERE!

    Happy holidays and I hope to see you there!

    Tom

  • Charbone Hydrogene annonce des changements au sein du conseil d’administration

    Charbone Hydrogene annonce des changements au sein du conseil d’administration

    (TheNewswire)

    Brossard, Québec TheNewswire – le 23 décembre 2024 – CORPORATION CHARBONE HYDROGÈNE (TSXV: CH OTCQB: CHHYF, FSE: K47 ) (« Charbone » ou la « Société »), la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert, est heureuse d’annoncer la nomination de M. Denis Crevier comme nouvel administrateur de Charbone, avec effet immédiat, en remplacement de M. Mena Beshay, actuel administrateur du conseil d’administration de Charbone, mettant fin à son mandat.

    M. Denis Crevier est un dirigeant, administrateur et conseiller chevronné fort de plus de 40 ans d’expérience en développement, financement et gestion de projets d’infrastructure multisectoriels.

    M. Crevier a occupé des postes clés de direction et de financement de projets au sein de AtkinsRéalis (anciennement SNC-Lavalin). M. Crevier a récemment dirigé des mandats de conseil stratégique pour des organisations des secteurs privé et public, notamment le G20 Global Infrastructure Hub, SOFIAC et Plan A Capital. M. Crevier participe activement à l’élaboration de politiques favorisant l’inclusion de considérations climatiques et de biodiversité en matière d’investissement en infrastructure par le biais de divers engagements dont comme membre du comité exécutif et du comité consultatif du Cornell Program in Infrastructure Policy.

    M. Crevier détient une maîtrise en droit du Harvard Law School et il est membre du Barreau du Québec à titre d’avocat à la retraite.

    En tant que cadre supérieur et membre accompli de conseils d’administration, M. Crevier apportera une remarquable expérience complémentaire au conseil d’administration de Charbone.

    Nous remercions M. Beshay pour son temps et son implication significative en tant que membre du conseil d’administration et du comité d’audit. Mena a joué un rôle déterminant au cours de son mandat, en particulier au cours de l’année écoulée, alors que Charbone a conclu le billet convertible récemment annoncé et a clôturé plus de 1,8 M$ en financement par actions. Nous comprenons que M. Beshay doit se concentrer sur ses responsabilités professionnelles actuelles et lui souhaitons beaucoup de succès dans ses efforts.

    À propos de Charbone Hydrogène Corporation

    Charbone est une compagnie intégrée de production d’hydrogène vert axé sur la création d’un réseau nord-américain d’usines de production. En utilisant des énergies renouvelables, Charbone produit du dihydrogène (H2) respectueux de l’environnement pour les utilisateurs industriels, institutionnels, commerciaux et de la mobilité future. Charbone est présentement la seule société d’Amérique du Nord cotée en bourse spécialisée dans l’hydrogène vert avec ses actions listées sur la Bourse de croissance TSX (TSXV: CH); les marchés OTC (OTCQB: CHHYF); et la Bourse de Francfort (FSE: K47). Pour plus d’informations sur CHARBONE Hydrogen et ses projets, veuillez visiter www.charbone.com .

    Énoncés prospectifs

    Le présent communiqué de presse contient des énoncés qui constituent de « l’information prospective » au sens des lois canadiennes sur les valeurs mobilières (« déclarations prospectives »). Ces déclarations prospectives sont souvent identifiées par des mots tels que « a l’intention », « anticipe », « s’attend à », « croit », « planifie », « probable », ou des mots similaires. Les déclarations prospectives reflètent les attentes, estimations ou projections respectives de la direction de Charbone concernant les résultats ou événements futurs, sur la base des opinions, hypothèses et estimations considérées comme raisonnables par la direction à la date à laquelle les déclarations sont faites. Bien que Charbone estime que les attentes exprimées dans les déclarations prospectives sont raisonnables, les déclarations prospectives comportent des risques et des incertitudes, et il ne faut pas se fier indûment aux déclarations prospectives, car des facteurs inconnus ou imprévisibles pourraient faire en sorte que les résultats réels soient sensiblement différents de ceux exprimés dans les déclarations prospectives. Des risques et des incertitudes liés aux activités de Charbone peuvent avoir une incidence sur les déclarations prospectives. Ces risques, incertitudes et hypothèses comprennent, sans s’y limiter, ceux décrits à la rubrique « Facteurs de risque » dans la déclaration de changement à l’inscription de la Société datée du 31 mars 2022, qui peut être consultée sur SEDAR à l’adresse www.sedar.com; ils pourraient faire en sorte que les événements ou les résultats réels diffèrent sensiblement de ceux prévus dans les déclarations prospectives.

    Sauf si les lois sur les valeurs mobilières applicables l’exigent, Charbone ne s’engage pas à mettre à jour ni à réviser les déclarations prospectives.

    Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est défini dans les politiques de la Bourse de croissance TSX) n’acceptent de responsabilité quant à la pertinence ou à l’exactitude du présent communiqué.

    Contacts

    Pour de plus amples informations, veuillez contacter :

    Dave B. G agnon

    Chef de la direction et président du conseil d’administration

    Corporation Charbone Hydrogène

    Téléphone bureau: +1 438 844-7170

    Courriel: dg@charbone.com

    Daniel Charette

    Chef de l’exploitation

    Corporation Charbone Hydrogène

    Téléphone bureau : +1 438 800-4946

    Courriel: dc@charbone.com

    Benoit Veilleux

    Chef de la direction financière et secrétaire corporatif

    Corporation Charbone Hydrogène

    Téléphone bureau: +1 438 800-4991

    Courriel: bv@charbone.com

     

    Copyright (c) 2024 TheNewswire – All rights reserved.

    News Provided by TheNewsWire via QuoteMedia

    This post appeared first on investingnews.com

  • CHARBONE Hydrogen Announces Changes to Board of Directors

    CHARBONE Hydrogen Announces Changes to Board of Directors

    (TheNewswire)

    Brossard, Québec TheNewswire – December 23, 2024 Charbone Hydrogen Corporation (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the ‘Company’ or ‘CHARBONE’), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce the nomination of Mr. Denis Crevier as a new Board member of Charbone, with immediate effect, in replacement of Mr. Mena Beshay, actual director of the Board of Charbone, ending his mandate.

    Mr. Denis Crevier is a seasoned executive, corporate director and senior advisor with over 40 years of experience in developing, financing, and managing multisector infrastructure projects.

    Mr. Crevier has held key management and project financing positions with AtkinsRéalis (previously SNC-Lavalin). Mr. Crevier has recently conducted strategic advisory mandates for private and public sector organisations, including the G20 Global Infrastructure Hub, SOFIAC and Plan A Capital. Mr. Crevier is active in policy development and advocacy for the inclusion of climate and biodiversity considerations in infrastructure investment through various engagements, including as a member of the Executive Committee and Advisory Board of the Cornell Program in Infrastructure Policy.

    Mr. Crevier holds a Master of Laws from Harvard Law School, and he is member of the Bar of the Province of Quebec, as a retired lawyer.

    As an accomplished senior executive and board member, Mr. Crevier will bring a remarkable complementary experience to the Board of CHARBONE.

    We thank Mr. Beshay for his time and his significant involvement as a member of the Board and the Audit Committee. Mena was highly instrumental during his term, especially in the past year, as Charbone secured the recently announced convertible debenture and closed over 1.8M$ in equity financings. We understand that Mr. Beshay need to concentrate on his existing professional responsibilities and wish him great success in his endeavours.

    About Charbone Hydrogen Corporation

    CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on Charbone Hydrogen and its projects, please visit www.charbone.com .

    Forward-Looking Statements

    This news release contains statements that are ‘forward-looking information’ as defined under Canadian securities laws (‘ forward-looking statements ‘). These forward-looking statements are often identified by words such as ‘intends’, ‘anticipates’, ‘expects’, ‘believes’, ‘plans’, ‘likely’, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under ‘Risk Factors’ in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com , along with risks relating to the Offering and the intended use of proceeds of the Offering; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

    Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

    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.

    Contacts

    For further information, please contact:

    Dave B. Gagnon

    Chief Executive Officer and Chairperson of the Board

    Charbone Hydrogen Corporation

    Telephone: +1 438 844-7170

    Email: dg@charbone.com

    Daniel Charette

    Chief Operating Officer

    Charbone Hydrogen Corporation

    Telephone: +1 438 800-4946

    Email: dc@charbone.com

    Benoit Veilleux

    Chief Financial Officer and Corporate Secretary

    Charbone Hydrogen Corporation

    Telephone: +1 438 800-4991

    Email: bv@charbone.com

    Copyright (c) 2024 TheNewswire – All rights reserved.

    News Provided by TheNewsWire via QuoteMedia

    This post appeared first on investingnews.com

  • Week Ahead: NIFTY’s Behavior Against This Level To Influence Trends For The Coming Weeks

    Week Ahead: NIFTY’s Behavior Against This Level To Influence Trends For The Coming Weeks

    After staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling pressure over the past five sessions and violated key support levels on the daily charts. The range remained wider on the anticipated lines; the Nifty traded in a wide 1243-points range over the past days. Volatility shot up as well; the India VIX surged 15.48% higher to 15.07 on a weekly basis. Following a weak performance, the headline index closed with a weekly loss of 1180.80 points (-4.77%).

    Over the past few days, the Nifty has shown many technical events highlighting the importance of some key levels. The Index resisted the 100-DMA for several days and the 20-week MA for some time; this highlights the importance of these levels as key resistance points for the markets. In the process, the Nifty closed below the key 200-DMA, placed at 23834 while dragging the resistance points lower. The Nifty has also closed a notch above the crucial 50-week MA level placed at 23530. The markets had staged a mosterous rebound when this level was tested before. The Nifty’s behavior against the level of 50-week MA would determine the trajectory not just for the coming week but also for the immediate near term as well.

    Next week is truncated, with the Christmas holiday on Wednesday. Expect a tepid start to the week on Monday. The levels of 23750 and 23830 would act as potential resistance points. The supports come in at the 23500 and 23285 levels on the lower side.

    The weekly RSI is 44.41; it stays neutral and does not show any divergence against the price. The weekly MACD is bearish and stays below its signal line. The widening Histogram hints at accelerated downside momentum. A large black candle occurring at the 20-week MA adds to the credibility of this level as a major resistance area for the markets.

    The pattern analysis of the weekly charts shows that after completing the painful mean reversion process, the Nifty staged a strong technical rebound after it took support at the 50-week MA. The Index resisted at the 100-DMA and the 20-week MA, which are close to each other. The intense selling pressure over the coming week has seen the Nifty almost retesting the 50-week MA by closing just a notch above this point. The Nifty must keep its head above this crucial support level to keep its primary uptrend intact. If this level gets meaningfully violated, we might be in for a prolonged intermediate trend over the coming weeks.

    Even if the trend remains weak and the downtrend continues, a modest technical rebound cannot be ruled out. However, it would still keep the markets under corrective retracement unless a few key levels are taken out on the upside. It is strongly recommended that leveraged exposures be kept at modest levels. All new exposures must be highly selective, and all gains, even modest ones, must be guarded very carefully. It is also recommended that one not rush in to shorten the markets so long as they are above 50-week MA, as there is a possibility of a modest technical rebound. A highly selective and careful approach is advised for the coming week.

    Sector Analysis for the coming week

    In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

    Relative Rotation Graphs (RRG) show Nifty Bank, Financial Services, Services Sector, and the IT indices inside the leading quadrant. These sectors are likely to outperform the broader markets relatively.

    The Nifty Pharma Index is inside the weakening quadrant. The Midcap 100 Index is also inside the weakening quadrant but is improving its relative momentum.

    The Nifty Media, Energy, Commodities, Auto, and FMCG indices continue to lag inside the lagging quadrant. The Consumption Index has rolled inside the lagging quadrant as well. These groups are likely to underperform the broader Nifty 500 Index relatively. The Nifty PSE Index is also inside the lagging quadrant but is improving its relative momentum against broader markets.

    The Infrastructure Index has rolled inside the improving quadrant and is likely to begin its phase of relative outperformance. The Realty and the PSU Bank Indices are also inside the improving quadrant. The Metal Index, also inside the improving quadrant, is sharply giving up on its relative momentum.

    Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  

    Milan Vaishnav, CMT, MSTA

    Consulting Technical Analyst

    www.EquityResearch.asia | www.ChartWizard.ae

  • Stardust Power Acquires Site, Receives Key Permit And Receives Approval For Major Construction To Commence

    Stardust Power Acquires Site, Receives Key Permit And Receives Approval For Major Construction To Commence

    Stardust Power Inc.(“the Company” or “Stardust Power”) (NASDAQ: SDST), an American developer of battery-grade lithium products, today announced the completion of the acquisition of its 66-acre site at the Southside Industrial Park in Muskogee, Oklahoma. This key acquisition marks another significant milestone as the Company prepares to commence construction on one of North America’s largest lithium refineries. With the General Permit for Stormwater Discharges from Construction Activities now in place, and subject to finalizing project financing, Stardust Power is now positioned to begin construction.

    Caption: Governor of Oklahoma, J. Kevin Stitt, and Founder and CEO, Stardust Power, Roshan Pujari, met December 2, 2024, to discuss the upcoming construction of its lithium refinery in Muskogee, Oklahoma

    Stardust Power received this permit from the Oklahoma Department of Environmental Quality and has completed its Stormwater Pollution Prevention Plan (SWPPP), which incorporates best-in-class management practices to control stormwater discharges during construction and is designed to ensure compliance with environmental standards and minimize potential impacts on the surrounding area. This critical permit allows Stardust Power to commence construction at the site. In the coming weeks, Stardust Power plans to submit the remaining necessary permits, marking the final regulatory steps at this junction. This marks a significant milestone for the Company and its mission to onshore manufacturing of battery grade lithium for US energy independence.

    In January 2024, Stardust Power selected Muskogee, Oklahoma for its lithium refinery, citing the state’s central location and excellent access to multi-modal logistics. The site benefits from proximity to the country’s largest inland waterway system, robust road and rail networks, and a skilled workforce rooted in the oil and gas sector. Oklahoma’s leadership in sustainable energy aligns with Stardust Power’s commitment to reducing its carbon footprint. The shovel-ready site near the Port of Muskogee offers key construction and operational advantages, with the potential to speed up timelines. After thorough due diligence, including environmental, technical, cultural, and logistical reviews, the site was confirmed as ideal. It offers a location with an adjacent 40-acre parcel of land which the Company has a right of first refusal for future expansion.

    Roshan Pujari, Founder and CEO of Stardust Power, stated, ‘With the land purchase complete and key permitting secured, we are excited to enter the construction phase in Muskogee. This milestone brings us closer to our mission of becoming a leading supplier of American battery-grade lithium. We are deeply grateful for the ongoing support from Governor Stitt, the Department of Environmental Quality, the Oklahoma Department of Commerce, the Tulsa Chamber, and the City and Port of Muskogee. Together, we endeavor to create hundreds of high-quality manufacturing jobs and keep Oklahoma at the forefront of America’s energy leadership. While the site’s infrastructure and logistics are outstanding, the true asset of Oklahoma is its people.’

    Earlier this year, the City and County of Muskogee established a $27 million Tax Increment Financing (“TIF”) district to support the project. The TIF is expected to fund key infrastructure improvements in the area, including upgrades to industrial roads, rail line rehabilitation, and the replacement of a trestle bridge, improvements that are important to the successful development of the refinery. Stardust Power intends to claim back certain related costs from TIF related to the site, which could reduce overall project costs and improve margins.

    About Stardust Power Inc.

    Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    Stardust Power Contacts

    For Investors:
    Johanna Gonzalez
    investor.relations@stardust-power.com

    For Media:
    Michael Thompson
    media@stardust-power.com

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; obtaining the necessary permits and governmental approvals to develop the site; the impact of the TIF on the site development and surrounding areas and infrastructure, and Stardust Power’s ability to benefit from such program; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors, and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Source

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