Month: January 2026

Release – Bit Digital Inc. Reports Monthly Ethereum Treasury and Staking Metrics for December 2025

Posted on by aweinsoff@channelchek.com

Research News and Market Data on BTBT

NEW YORK, January 7, 2026 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”) today announced its monthly Ethereum (“ETH”) treasury and staking metrics for the month of December 2025:

Key Highlights for December 2025

  • As of December 31, 2025, the Company held approximately 155,227.3[1]
  • Based on a closing ETH price of approximately $2,967, as of December 31, 2025, the market value of the Company’s ETH holdings was approximately $460.5 million.
  • During the month of December 2025, the Company acquired approximately 366.8 ETH.
  • The Company’s total average ETH acquisition price for all holdings was approximately $3,045 as of December 31, 2025.
  • The Company staked an additional 642 ETH during the month. The Company’s total staked ETH was ~138,263, or ~89% of its total ETH holdings, as of December 31, 2025.
  • Staking operations generated approximately 389.6 ETH in rewards during the period, representing an annualized yield of approximately 3.5%.
  • Bit Digital shares outstanding were 323,792,059 as of December 31, 2025.
  • The Company maintains ownership of approximately 27.0 million WhiteFiber (WYFI) shares with a market value of approximately $427.3 million as of December 31, 2025.

About Bit Digital
Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies. The Company began accumulating and staking ETH in 2022 and now operates one of the largest institutional Ethereum staking infrastructures globally. Bit Digital’s platform includes advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization. Through strategic partnerships across the Ethereum ecosystem, Bit Digital aims to deliver exposure to secure, scalable, and compliant access to onchain yield. Bit Digital also holds a majority equity stake in WhiteFiber (Nasdaq: WYFI), a leading AI infrastructure provider and HPC solutions. For additional information, please contact ir@bit-digital.com or follow us on LinkedIn or X.

Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 (Annual Report) and any subsequently filed Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K.  If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Safe Harbor Statement” below.

Safe Harbor Statement
This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

[1] Includes approximately 15,218.3 ETH and ETH-equivalents held in an externally managed fund.

Kuya Silver (KUYAF) – Vertically Integrating its Operation

Posted on by slightbourne@noblecapitalmarkets.com


Wednesday, January 07, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Hans Baldau, Associate Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Private Placement Financing. Kuya Silver Corporation (OTCQB: KUYAF, CSE: KUYA) announced a brokered private placement pursuant to the listed issuer financing exemption of up to 15.0 million units of the company at a price of C$1.00 per unit for aggregate gross proceeds of up to C$15.0 million. Each unit will consist of one common share and one half of one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of C$1.30 per common share for a period of 36 months from the date of issuance.

Use of Proceeds. Kuya intends to use the net proceeds of the offering to advance the company’s Bethania project with the acquisition of and/or development of concentrate processing capacity. Kuya is evaluating several options, each of which is fully permitted and will allow the company to vertically integrate its production capabilities. Funds may also be used to explore the Silver Kings Project in Ontario, discretionary growth capital, and for general corporate purposes.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

First Phosphate Corp. (FRSPF) – Transitioning from Exploration to Feasibility

Posted on by slightbourne@noblecapitalmarkets.com


Wednesday, January 07, 2026

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Hans Baldau, Associate Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Offtake agreement. First Phosphate recently amended an offtake agreement that includes a US$0.53 million upfront pre-payment during the fourth quarter of FY 2026. The funds will be used to advance the Begin-Lamarche project towards a feasibility study and later, production. The prepayment is subject to refund should First Phosphate decide not to pursue a feasibility study or production, neither of which we anticipate. In our view, the prepayment validates downstream interest and reinforces the strategic relevance of the Company’s integrated phosphate platform.

Final tranches of private placement. The Company closed the third and fourth tranches of its oversubscribed non-brokered private placement in December, raising approximately $9.6 million in gross proceeds and bringing total capital raised since June 2022 to approximately $49.7 million. Following recent warrant exercises and the offtake pre-payment, management indicates cash on hand of approximately $24 million, which we believe is sufficient to fund planned activities through 2026 and into 2027.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Alliance Resource Partners (ARLP) – Updating 2025 Estimates

Posted on by slightbourne@noblecapitalmarkets.com


Wednesday, January 07, 2026

ARLP is a diversified natural resource company that generates operating and royalty income from coal produced by its mining complexes and royalty income from mineral interests it owns in strategic oil & gas producing regions in the United States, primarily the Permian, Anadarko and Williston basins. ARLP currently produces coal from seven mining complexes its subsidiaries operate in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast growing energy and infrastructure transition.

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Hans Baldau, Associate Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Updating 2025 estimates. We have lowered our Q4 and FY 2025 EPU estimates to $0.57 and $2.33, respectively, from $0.69 and $2.45. We have marked-to-market ARLP’s holding of bitcoins, which amounted to 568 bitcoins as of September 30. The price of bitcoin closed at $87,508.83 on December 31, 2025, compared to $114,056 on September 30. We anticipate the value of digital assets in Q4 2025 could decrease by approximately $15.1 million if all bitcoins were held through the fourth quarter. Because it would represent a non-cash unrealized loss, it has no impact on our adjusted EBITDA estimate. 

Looking ahead. While our 2026 and 2027 estimates are unchanged, we think coal supply and demand fundamentals could strengthen going into 2027, which could have a positive impact on pricing. Actions taken by the Trump Administration are expected to support and sustain coal-fired power generation. Electricity demand growth is expected to be driven by industrial growth, electrification, and the expansion of AI infrastructure and data centers.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

US Labor Market Shows Continued Weakness as November Job Openings Miss Expectations

Posted on by slightbourne@noblecapitalmarkets.com

The US labor market’s sluggish trajectory continued in November, with newly released government data revealing a sharper-than-expected decline in job openings and historically weak hiring activity. The figures paint a picture of an economy caught in what economists are calling a “no-hire, no-fire” limbo, where employers remain cautious about expansion while largely avoiding layoffs.

According to the Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics, there were 7.15 million job openings at the end of November, falling short of the 7.6 million economists had projected. This marks a continuation of the downward trend in available positions, with October’s figures also revised lower from 7.7 million to 7.45 million. The decline was particularly pronounced in accommodation and food services as well as transportation and warehousing, though construction showed some gains.

The timing of these weakness signals is notable, as November also saw the unemployment rate climb to a four-year high of 4.6%. This combination of rising joblessness and declining opportunities suggests the labor market may be losing momentum more rapidly than many forecasters anticipated.

Perhaps most concerning is the collapse in hiring activity. The hiring rate dropped to just 3.2% in November, marking one of the weakest readings since the Great Recession. Only April 2020, during the depths of the pandemic lockdowns, recorded a lower rate at 3.1%. Heather Long, chief economist at Navy Federal Credit Union, characterized the situation bluntly as a “hiring recession,” noting that virtually no jobs have been added outside the healthcare sector since April.

The data reveals an economy where workers and employers alike are playing it safe. While separations held steady at 5.1 million—unchanged from both October and the previous year—the quits rate rose to 2%. This metric, traditionally viewed as a gauge of worker confidence, suggests employees retain some optimism about finding new opportunities, even as hiring activity stalls.

Not all indicators are pointing downward, however. Data from payroll processor ADP showed private employers added 41,000 positions in December, recovering from losses in the previous month. Bank of America’s internal employment analysis echoed this modest improvement, suggesting that the worst of the labor market slowdown may be behind us. The bank’s institute noted that while the “low-hire, low-fire” dynamic persists, there are signs that the deceleration may have stabilized.

As markets await Friday’s official unemployment data for December, the November figures serve as a reminder of the delicate balance facing policymakers. The Federal Reserve must navigate between supporting a weakening labor market and managing inflation concerns, all while employers demonstrate reluctance to commit to significant workforce expansion.

The coming months will be critical in determining whether this represents a temporary soft patch or the beginning of a more sustained period of labor market weakness.

Copper Retreats From Record Highs as Profit-Taking Erases Recent Gains

Posted on by slightbourne@noblecapitalmarkets.com

After an extraordinary rally that saw copper prices surge more than 40% in 2025, the industrial metal has tumbled from record highs as traders rush to lock in profits from what many analysts are calling an overheated market. The sharp reversal underscores the volatility gripping global commodity markets and raises questions about whether the recent bull run in metals can sustain its momentum.

Copper futures dropped 2.6% to close at $12,899.50 per ton on the London Metal Exchange, part of a broader selloff that saw nickel plunge 3.4% and zinc fall by similar margins. The decline marks a dramatic shift from the frenzied buying that characterized recent weeks, driven largely by speculative capital flooding into China’s domestic metals markets.

The rapid ascent had left many market participants nervous. Ed Meir, an analyst at Marex, noted that the markets are experiencing a broad retreat typical of situations where price movements become oversized. Base metals analysts have been scrambling to justify valuations that climbed faster than underlying fundamentals could support, and the correction appears to be the market’s way of restoring equilibrium.

Copper’s remarkable 40% gain in 2025 represented its strongest annual performance since the recovery year of 2009. The rally was fueled by a perfect storm of supply disruptions at major mines and strategic stockpiling by traders anticipating potential US tariffs on metal imports. This combination of tight supply and precautionary demand pushed prices to levels that, in hindsight, may have been unsustainable in the short term.

Nickel’s trajectory proved even more dramatic. The battery and stainless steel component notched its biggest single-day gain in over three years on Tuesday, surging as much as 10.5% intraday before reaching a fresh 19-month high Wednesday morning. However, the euphoria was short-lived as profit-taking quickly reversed those gains.

The nickel rally had been propelled by genuine supply concerns in top producer Indonesia, where government plans to reduce production and impose punitive fines on miners violating forestry permits threatened to disrupt output significantly. Chinese traders also contributed to the buying frenzy, stocking up ahead of the Lunar New Year holiday when industrial activity traditionally slows.

Yet beneath the speculative fervor lies a more sobering reality. As Fan Jianyuan, an analyst at Mysteel Global, pointed out, the rally was largely driven by financial capital inflows rather than fundamental supply-demand dynamics. The nickel market remains in surplus, with years of surging Indonesian production having driven global inventories sharply higher. Evidence of continued oversupply emerged Wednesday when London Metal Exchange stockpiles jumped by the most in six years.

This disconnect between speculative enthusiasm and fundamental realities highlights the challenge facing metals markets. While many traders maintain bullish long-term views on copper and other industrial metals—driven by electrification, renewable energy infrastructure, and the green transition—the speed and magnitude of recent price movements have created conditions ripe for volatile corrections.

For investors and industry participants, the lesson is clear: even markets with strong structural tailwinds can experience sharp reversals when prices outpace fundamentals. As the dust settles from this latest selloff, the focus will return to whether underlying demand can justify the elevated price levels that remain despite the recent pullback.

Nvidia’s CES Comments Ignite Breakout Rally in Sandisk Shares

Posted on by slightbourne@noblecapitalmarkets.com

Sandisk Corp. has emerged as one of the most explosive stocks in the early days of 2026, with a rally that has captured Wall Street’s attention and reshaped expectations for the memory and storage sector. Shares of the company surged as much as 25% on Tuesday, marking their best intraday performance since February and pushing the stock to a fresh record high. The move followed comments from Nvidia Chief Executive Officer Jensen Huang at the CES technology conference, where he underscored the critical — and largely untapped — role of storage in the artificial intelligence boom.

Sandisk’s gains extend far beyond a single trading session. The stock has climbed more than 40% in the first three trading days of the new year and has skyrocketed roughly 1,050% since bottoming out in April 2025. On Tuesday alone, it stood as the best-performing stock in the S&P 500, outpacing peers across the memory and storage ecosystem. Western Digital and Seagate Technology also posted double-digit percentage gains, reflecting renewed enthusiasm for companies tied to data storage infrastructure.

At the heart of the rally are Huang’s remarks about what he described as a massive, underserved market. Speaking at CES, the Nvidia CEO said storage represents “a completely unserved market today,” adding that it could become the largest storage market in the world as it evolves to hold the working memory of artificial intelligence systems. His comments reinforced a growing narrative that AI’s next phase will not be limited to compute power alone, but will increasingly depend on fast, scalable, and affordable memory and storage solutions.

Industry fundamentals appear to support that thesis. According to Bloomberg Intelligence analyst Jake Silverman, tight supply conditions and rising memory prices are already benefiting digital storage companies. The surge in demand is being driven by both AI training and inferencing, which require enormous volumes of data to be stored, accessed, and processed efficiently. Huang’s CES commentary, Silverman noted, suggests that demand for NAND storage will remain strong across Nvidia-powered systems.

Pricing trends add further fuel to the bullish outlook. Memory prices have been climbing steadily, and reports from Korea Economic Daily indicate that Samsung Electronics and SK Hynix are seeking to raise server DRAM prices by as much as 60% to 70% in the first quarter compared with the prior quarter. Such increases signal a supply-demand imbalance that could continue to lift margins across the sector.

Wall Street analysts are increasingly framing Sandisk and its peers as central players in the next leg of the AI investment cycle. Bank of America analysts, led by Wamsi Mohan, recently described memory and storage companies as “key beneficiaries” of the push toward AI inferencing and edge computing in 2026. As organizations retain more data for training, analytics, and regulatory compliance, demand for storage is expected to surge. Mohan highlighted expanding use cases across drones, surveillance systems, vehicles, and sports technology as areas of rapid growth.

While the AI narrative has so far been dominated by capital spending on chips and data centers, analysts argue that the focus is beginning to shift. Looking ahead to 2026 and beyond, AI inferencing — and the storage required to support it — may dominate the next wave of hardware investment. For Sandisk, that shift has already translated into a historic rally, and investors are betting the momentum is far from over.

Release – CoreCivic Announces 2025 Fourth Quarter Earnings Release and Conference Call DatesEmpty heading

Posted on by aweinsoff@channelchek.com

Research News and Market Data on CXW

January 6, 2026

PDF Version

BRENTWOOD, Tenn., Jan. 06, 2026 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (“CoreCivic”) announced today that it will release its 2025 fourth quarter financial results after the market closes on Wednesday, February 11, 2026. A live broadcast of CoreCivic’s conference call will begin at 10:00 a.m. central time (11:00 a.m. eastern time) on Thursday, February 12, 2026.

To participate via telephone and join the call live, please register in advance. Upon registration at https://register-conf.media-server.com/register/BId7159f6814fc440f9348e9f8e6ec91f1, telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique passcode.

Participants may access the audio-only webcast of the conference call from the Company’s website at www.corecivic.com under the “Events & Presentations” section of the “Investors” page. A replay of the webcast will be available for seven days.

About CoreCivic

CoreCivic is a diversified, government-solutions company with the scale and experience needed to solve tough government challenges in flexible, cost-effective ways. We provide a broad range of solutions to government partners that serve the public good through high-quality corrections and detention management, a network of residential and non-residential alternatives to incarceration to help address America’s recidivism crisis, and government real estate solutions. We are the nation’s largest owner of partnership correctional, detention and residential reentry facilities, and one of the largest operators of such facilities in the United States. We have been a flexible and dependable partner for government for more than 40 years. Our employees are driven by a deep sense of service, high standards of professionalism and a responsibility to help government better the public good. Learn more at www.corecivic.com.

Contact:Investors: Jeb Bachmann – Managing Director, Investor Relations – (615) 263-3024
 Media: Steve Owen – Vice President, Communications – (615) 263-3107

Release – First Phosphate Announces Initial Payment Under Long-Term Offtake Agreement for Phosphate Concentrate

Posted on by aweinsoff@channelchek.com

Research News and Market Data on FRSPF

January 06, 2026 7:11 AM EST | Source: First Phosphate Corp.

Saguenay, Quebec–(Newsfile Corp. – January 6, 2026) – First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company“) is pleased to announce an initial payment under an amendment made to its existing, long-term phosphate concentrate offtake agreement in the form of letter of intent (the “LOI”) with an existing partner (the “Purchaser”).

The Purchaser has agreed to provide a lump-sum pre-payment (the “Lump-sum pre-payment”) equivalent to US $530,000 to First Phosphate to assist the Company in advancing the Bégin-Lamarche phosphate mining project to a feasibility study and an eventual production decision.

First Phosphate completed a Preliminary Economic Assessment on its Bégin-Lamarche phosphate project on December 4, 2024, which recommended, among other things, additional drilling and exploration work to convert certain inferred mineral resources to indicated mineral resources and certain indicated mineral resources into measured mineral resources. First Phosphate is currently in the process of completing a 30,000-metre drill program, which is expected to be completed by April 2026, to finalize the geological model relative to its mineral resources upon which a decision will be made with respect to proceeding with a feasibility study. If First Phosphate decides not to advance to a feasibility study or makes a negative production decision, the Lump-sum pre-payment shall be refundable to the Purchaser.

In other news, Under the collaboration agreement signed on April 9, 2024, the Company has issued 240,132 shares to Pekuakamiulnuatsh First Nation for the exploration and development expenditures undertaken by the Company on the First Nation’s lands in calendar 2025.

Qualified Person

The scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).

About First Phosphate Corp.

First Phosphate (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) is a mineral exploration, development and cleantech company dedicated to examining and ultimately building and onshoring a vertically integrated mine-to-market lithium iron phosphate (LFP) battery supply chain for North America. Target markets include energy storage, data centers, robotics, mobility and national security.

First Phosphate’s flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean, Quebec, Canada is a North American rare igneous phosphate resource yielding high-purity phosphate with minimal impurities.

Media & Investor Contact:

Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

-30-

Forward-Looking Information and Cautionary Statements

This release includes certain statements that may be deemed “forward-looking information.” Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In particular, this press release contains forward-looking information relating to, among other things: receipt by the Company of the lump-sum pre-payment and the use of the lump-sum pre-payment proceeds; the timeline for completion of, and results from the current drill program; the parties entering into a definitive agreement and the terms of such agreement; and the Company’s plans for building and onshoring a vertically integrated mine-to-market LFP battery supply chain for North America. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include development and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company’s expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the Company’s relationship with First Nations and other Indigenous parties remaining consistent with the Company’s expectations; the Company’s relationship with other third party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. The Company does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. All forward-looking information contained in this release is qualified by these cautionary statements.

info

Source: First Phosphate Corp.

Gyre Therapeutics, Inc (GYRE) – Hydronidone NDA Planned For 1H26, Meeting Expected Milestone

Posted on by slightbourne@noblecapitalmarkets.com


Tuesday, January 06, 2026

Robert LeBoyer, Senior Vice President, Equity Research Analyst, Biotechnology, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Positive Guidance Received From CDE. Gyre announced that its majority-owned subsidiary in China, Gyre Pharmaceuticals Ltd, has completed pre-NDA discussions with the Chinese Center for Drug Evaluation (CDE). The CDE indicated that the Phase 3 data meets the requirements for approval in chronic hepatitis B-associated liver fibrosis, as expected. An NDA submission is planned for 1H26, meeting our expected milestones for the product and the company.

Approval Would Allow Full Commercialization. Under the CDE regulations, the Phase 3 supports Conditional Approval for Hydronidone, allowing full commercialization. As part of the approval, company agrees to conduct a Phase 3c study after commercialization to confirm the effects seen in Phase 3. This is similar to a Phase 4 study in the US. The study design has not be finalized, although we expect similar endpoints for confirmation of the Phase 3 data.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Nvidia’s Market Dominance Faces Growing Challenges in 2026

Posted on by slightbourne@noblecapitalmarkets.com

The world’s most valuable company is entering 2026 on uncertain footing. Nvidia shares have declined roughly 8% since hitting a record on October 29, losing $460 billion in market value over recent months while underperforming the broader S&P 500. The pullback comes as investors question the sustainability of AI spending and whether the chip giant can maintain its stranglehold on the accelerator market.

The decline is striking given Nvidia’s remarkable three-year run, which saw the stock surge more than 1,200% since late 2022 and pushed its market capitalization above $5 trillion at its peak. The company remains the single biggest contributor to the current bull market, accounting for approximately 16% of the S&P 500’s advance since October 2022—more than double Apple’s contribution. Any sustained weakness in Nvidia would reverberate across most equity portfolios.

Competition is intensifying from multiple directions. Advanced Micro Devices has secured major data center contracts with OpenAI and Oracle, with its data center revenue projected to jump about 60% to nearly $26 billion in 2026. More significantly, Nvidia’s largest customers are developing their own chips to circumvent the expense of buying Nvidia’s accelerators, which can exceed $30,000 each. Alphabet, Amazon, Meta, and Microsoft—collectively representing over 40% of Nvidia’s revenue—are all building internal alternatives.

Google has been working on tensor processing units for over a decade and recently optimized its latest Gemini AI chatbot to run on these proprietary chips. The company announced a chip deal with Anthropic valued in the tens of billions of dollars, and reports suggest Meta is negotiating to rent Google Cloud chips for use in 2027 data centers. This shift toward custom silicon is lifting companies like Broadcom, whose application-specific integrated circuit business has helped vault its market capitalization to $1.6 trillion, surpassing Tesla.

Nvidia’s December licensing deal with startup chipmaker Groq appears to acknowledge the growing demand for specialized, lower-cost alternatives. The company plans to incorporate elements of Groq’s low-latency semiconductor technology into future designs, suggesting even the market leader recognizes it must adapt to changing customer preferences.

Despite these headwinds, Wall Street remains largely bullish. Of the 82 analysts covering Nvidia, 76 maintain buy ratings with only one recommending a sale. The average price target implies a 37% gain over the next year, which would push the company’s valuation above $6 trillion. CEO Jensen Huang declared at CES that demand for Nvidia GPUs is “skyrocketing” as AI models increase by an order of magnitude annually, with the company’s next-generation Rubin chips nearing release.

Investors are closely monitoring Nvidia’s profit margins as competition heats up. The company’s gross margin dipped in fiscal 2026 due to higher costs from ramping up its Blackwell chip series, falling to a projected 71.2% from the mid-70s percentage range in previous years. Management expects margins to recover to around 75% in fiscal 2027, but any shortfall would likely trigger concern on Wall Street.

Interestingly, Nvidia trades at a relatively modest valuation of 25 times forward earnings despite expectations for 57% profit growth on a 53% revenue increase in its next fiscal year. This multiple is lower than most Magnificent Seven stocks except Meta, and cheaper than over a quarter of S&P 500 companies. Some analysts view this as opportunity, arguing the stock is priced as if the AI cycle has already ended.

The AI infrastructure buildout remains massive, with Amazon, Microsoft, Alphabet, and Meta projected to spend over $400 billion on capital expenditures in 2026, much of it directed toward data center equipment. Even as Big Tech develops internal chips, the computing power requirements are so enormous that companies continue purchasing Nvidia’s products. Bloomberg Intelligence analysts expect Nvidia’s market share to remain intact for the foreseeable future, though maintaining 90% dominance will clearly be more challenging than before.

Michael Burry Discloses Long-Held Valero Position Tied to Venezuela

Posted on by slightbourne@noblecapitalmarkets.com

When Michael Burry makes a move, investors pay attention. The man who famously predicted the 2008 housing crisis has been quietly holding a position since 2020 that suddenly looks prescient following this weekend’s dramatic events in Venezuela. In a Monday blog post on Substack, Burry revealed he’s owned Valero Energy for five years, describing himself as “more resolved to holding it even longer” after President Trump’s pledge to rebuild Venezuela’s oil sector.

Burry’s thesis is straightforward but powerful. Many Gulf Coast refineries were specifically designed to process Venezuelan heavy crude, meaning they’ve been operating with suboptimal feedstock for years due to sanctions and Venezuela’s production collapse. As Venezuelan oil flows return, these refineries should see improved margins across jet fuel, asphalt, and diesel. Valero shares surged nearly 10% on Monday, vindicating Burry’s patience. The refiner’s capability to efficiently process heavy, high-sulfur crude creates a natural moat that Burry clearly recognized back in 2020, long before this political inflection point.

But Burry isn’t just focused on the obvious large-cap play. He specifically mentioned that smaller refiners like PBF Energy and HF Sinclair could also benefit, even if Venezuelan oil returns only gradually. This acknowledgment of opportunity across the market cap spectrum is noteworthy and particularly relevant for small-cap investors looking beyond the headlines. While any meaningful recovery in Venezuelan exports will likely take years, Burry’s willingness to highlight mid-sized players suggests he sees value throughout the sector.

The investor’s analysis extends beyond refining. Venezuela’s oil infrastructure has suffered from decades of underinvestment, creating substantial demand for oilfield services companies if large-scale rehabilitation begins. Burry disclosed he owns Halliburton and sees potential upside for Schlumberger and Baker Hughes, companies that could be contracted to rebuild deteriorated pipelines and refineries. His comment about potentially buying more Halliburton shares or LEAPs—long-term options contracts—reveals his conviction level and provides a template for how investors might gain leveraged exposure while managing risk.

The timing of Burry’s revelation is significant. He’s held Valero since 2020, a period when Venezuela remained under heavy sanctions and most investors dismissed Venezuelan oil as a dead opportunity. This patience reflects his contrarian nature and willingness to endure extended periods where the market disagrees with his thesis. Wall Street analysts are now rushing to validate what Burry saw years ago, with multiple firms highlighting Valero as a top beneficiary of increased Venezuelan supply.

For small-cap investors, Burry’s framework offers valuable lessons. His mention of PBF Energy and HF Sinclair demonstrates that opportunities exist throughout the market cap structure for companies with the right capabilities. His focus on oilfield services points to second-order effects many investors overlook while fixated on the obvious refining story. And his use of LEAPs shows how options strategies can create leveraged exposure to multi-year themes.

Several key themes emerge from Burry’s playbook. He identified a structural advantage that created long-term value regardless of short-term volatility. He took a multi-year view, holding through uncertainty when the thesis wasn’t working. He’s thinking beyond the obvious, considering services companies and smaller refiners alongside his flagship position. And he’s using options to potentially leverage conviction while managing downside.

The Venezuela oil story is just beginning, and meaningful recovery will take years. But Burry has never been deterred by uncertainty—he’s built his fortune by being right when conventional wisdom said he was wrong. His five-year bet is now in the spotlight, and for those willing to think in multi-year timeframes and look beyond the headlines, his framework offers a roadmap for finding similar asymmetric opportunities.

SKYX Provides Corporate Update Including $9.5 Million in Recent Investment from its Leading Investors as it Continues to Grow its Market Penetration

Posted on by aweinsoff@channelchek.com

Research News and Market Data on SKYX

SKYX Board Member Converted an $835,000 Convertible Note at $2.20 per share

SKYX is in Process of Expanding its AI Ecosystem Program and AI Future Offerings

SKYX Announced Launch of its Patented Advanced SKYFAN and Turbo Heater in U.S. Leading Retailer Target, as well as into the Canadian Market in addition to its E-Commerce Platform with 60 Websites

Driven by Strong Demand, Management Expects to Announce Additional Launches of its SKYFAN and Turbo Heater in January at Several Other Leading U.S. Retailers and Big Box Chains

The Company Anticipates the Winter Launch of its SKYFAN & Turbo Heater Will Advance its Path to Cash-Flow Positive

SKYX Continues its Growth and Expects to Deploy over 60,000 of its Products into Homes/Units by the End of Q1 2026 through Retail and Pro Segments

Management Expects to Secure Additional Significant Business Opportunities in 2026

Following SKYX’s Successful Demonstration of its Technologies during a Marriott Hotel Renovation Company Expects to Significantly Expand its Hotel Segment in 2026

SKYX Revenues Increased for 7 Consecutive Comparable Quarters from Q1 2024 Through Q3 2025 with $19M in Q1/24, $21M in Q2/24, $22M in Q3/24, $23M in Q4/24, $20M in Q1/25, $23M in Q2/25 and $24M in Q3/25

SKYX’s Safety Code Standardization Team is Continuing to Progress and is Receiving Significant Support from a Prominent Leader with its Government Safety Organization Process for Safety Mandatory Standardization in Homes and Buildings of its Ceiling Outlet/Receptacle Technology

SKYX Will Supply its Technologies to Two Key Projects in Austin Texas 278 Units, and San Antonio Texas 340 Units, Built by Prominent Developers Landmark Companies, SKYX is Expected to Deploy Over 25,000 Units of its Advanced and Smart Plug & Play Technologies to The Projects

SKYX’s Major Collaboration with the Mixed-Use Smart City Development in Miami is Expected to Deploy over 500,000 Units of its Advanced and Plug & Play Smart Home Technologies; The Smart City Project Has Expanded from a $3 Billion to a $4 Billion Project

SKYX Will Be Launching a New AI Driven Software for its E-commerce Platform of 60 Websites Which is Expected to Increase its Conversion Rate and Sales Up To 30%; The AI-Native E-Commerce Platform is Designed to Elevate B2B and B2C Experiences through its Innovative and Smart Product Line

SKYX’s Technologies Expansion Provides Additional Opportunities for Future Recurring Revenues Through Interchangeability, Upgrades, AI Services, Monitoring and Subscriptions, Among Others

MIAMI, Jan. 05, 2026 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a SKYX Technologies) (the “Company” or “SKYX”), a highly disruptive platform technology company with over 100 pending and issued patents globally and over 60 lighting and home décor websites, with a mission to make homes and buildings become safe and smart as the new standard, today provides a corporate update including $9.5 million in recent investment from its leading investors as it continues to grow its market penetration.

Highlights, Recent and Future Events

  • As of September 30, 2025, Company reported $13 million in total cash, cash equivalents, restricted cash, and receivables.
  • Company has recently raised $9.5 million in additional capital from several of its leading shareholders.
  • Company continues to leverage its cash position through its e-commerce platform of 60 websites among other methods including support from leading strategic investors and insiders.
  • Management believes it has sufficient cash to achieve its goals including being cash flow positive.
  • SKYX has recently extended and converted $13.5 million in notes coming due with maturity out to 5 years until 2030.
  • SKYX entered into an agreement with Global Ventures Group, a leading U.S. and international real estate development firm, marking a significant step in SKYX’s global expansion strategy.
  • Pursuant to the agreement, Global Ventures Group plans to deploy SKYX’s smart technologies into tens of thousands of homes and hotel rooms in that region and is expected to supply hundreds of thousands of units of its advanced and smart home technologies to projects across the Middle East, including developments in Saudi Arabia and Egypt.
  • The Company entered a major collaboration with a mixed-use smart city development in the heart of Miami, now expanded to a $4 billion project. SKYX is expected to deploy over 500,000 units of its advanced and plug & play smart home technologies.
  • SKYX announced it will be launching a new AI driven software for its e-commerce platform of 60 websites expected to increase its conversion rate and sales up to30%. The AI-native e-commerce platform is designed to elevate B2B and B2C experiences through its innovative and smart product line.
  • SKYX announced it will provide over 25,000 units of its Advanced and Smart Plug & Play products in two projects in the Austin and San Antonio, Texas led by prominent developers Landmark Companies.
  • Company is collaborating with Home Depot and Wayfair on its Advanced and Smart Plug & Play products for both retail and professional segments. SKYX’s product offering will include a variety of its advanced and Smart Plug & Play products including Retrofit Kits, Smart Light Fixtures, Smart Ceiling Fans, Ceiling Outlet Receptacles, Recessed Lights and more.
  • Marriott hotel chain owner, The Shaner Group, led a $16.5 million preferred round to date. The Shaner Group is an owner, and developer of more than 70 hotels worldwide.
  • SKYX has successfully demonstrated its technology during a Marriott Hotel renovation, incorporating its advanced and smart plug & play technologies, including ceiling lighting, recessed lights, downlights, wall lights, EXIT, and EMERGENCY lights, plug-in LED backlight mirrors among others.
  • SKYX revenues increased for 7 prior period comparable quarters from Q1 2024 through Q3 2025 with $19M in Q1/24, $21M in Q2/24, $22M in Q3/24, $24M in Q4/24, $20M in Q1/25, $23M in Q2/25 and $24M in Q3/25.
  • Management is expecting to secure additional significant business opportunities in 2026.
  • SKYX continues its growth and expects to deploy over 60,000 of its products into homes/units by the end of Q1 2026 through retail and pro segments.
  • The Company secured U.S. and global strategic manufacturing partnerships with premier manufacturers including U.S., Vietnam, Taiwan, China, and Cambodia.

Safety Standardization Mandatory Code / Insurance Specification and Recommendation:

  • SKYX’s Safety Code Standardization Team is receiving support from a new significant prominent leader with its government safety agency’s process for a safety mandatory standardization of its electrical ceiling outlet/receptacle technology.
  • SKYX’s code team is led by industry veterans Mark Earley, former head of the National Electrical Code (NEC), and Eric Jacobson, former President and CEO of the American Lighting Association (ALA). The Company’s safety Code Standardization team believes it will garner assistance from additional safety organizations with its code mandatory safety standardization efforts based on the product’s significant safety aspects. Mr. Earley and Mr. Jacobson were instrumental in numerous code and safety changes in both the electrical and lighting industries. Both strongly believe that, considering the Company’s standardization progress including its product specification approval voting for by ANSI / NEMA (American National Standardization Institute / National Electrical Manufacturers Association) and being voted into 10 segments in the NEC Code Book, it has met the necessary safety conditions for becoming a ceiling safety standardization requirement for homes and buildings.
  • With respect to insurance companies, the Company strongly believes its products can save insurance companies many billions of dollars annually by reducing fires, ladder falls, and electrocutions among other things. Management expects that once it completes an entire range and variations of its safe advanced plug & play products it will start being recommended by insurance companies.

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 100 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

SKYX’s technologies provide opportunities for recurring revenues through interchangeability, upgrades, AI services monitoring, and subscriptions. Company is focused on the “Razor & Blades” model and its product range includes its advanced ceiling electrical outlet (Razor) and its advance and smart home plug & play products (Blades) including its advance and smart home plug & play platform products, lighting, recessed lights, down lights, EXIT signs, emergency lights, ceiling fans, chandeliers/pendants, holiday/kids/themes lights, indoor/outdoor wall lights among other. Company’s plug & play technology enables an installation of lighting, fans, and smart home products in high-rise buildings and hotels within days rather than months.

Company’s total addressable market (TAM) in the U.S. is roughly $500 billion with over 4.2 billion ceiling applications in the U.S. alone. Expected revenue streams from retail and professional segments include product sales, royalties, licensing, subscription, monitoring, and sale of global country rights.

Forward-Looking Statements

Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with First-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions, including recent measures adopted by the federal government, on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.

Non-GAAP Financial Measures

Management considers earnings (loss) before interest, taxes, depreciation and amortization, or EBITDA, as adjusted, an important indicator in evaluating the Company’s business on a consistent basis across various periods. Due to the significance of non-recurring items, EBITDA, as adjusted, enables management to monitor and evaluate the business on a consistent basis. The Company uses EBITDA, as adjusted, as a primary measure, among others, to analyze and evaluate financial and strategic planning decisions regarding future operating investments and potential acquisitions. The Company believes that EBITDA, as adjusted, eliminates items that are not part of the Company’s core operations, such as interest expense and amortization expense associated with intangible assets, or items that do not involve a cash outlay, such as share-based payments and non-recurring items, such as transaction costs. EBITDA, as adjusted, should be considered in addition to, rather than as a substitute for, pre-tax income (loss), net income (loss) and cash flows used in operating activities. This non-GAAP financial measure excludes significant expenses that are required by GAAP to be recorded in the Company’s financial statements and is subject to inherent limitations. Investors should review the reconciliation of this non-GAAP financial measure to the comparable GAAP financial measure. Investors should not rely on any single financial measure to evaluate the Company’s business.

Investor Relations Contact:

Jeff Ramson

PCG Advisory

jramson@pcgadvisory.com