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Release – Comstock Announces the Purchase of All Equipment for Industry Scale Facility

Posted on by aweinsoff@channelchek.com

Research News and Market Data on LODE

Scheduled for Delivery in Q4 2025, the Northern Nevada Complex will be the Largest in the U.S.

August 25, 2025 16:15 ET | Source: Comstock Inc.

VIRGINIA CITY, Nev., Aug. 25, 2025 (GLOBE NEWSWIRE) — Comstock Inc. (NYSE: LODE) (“Comstock,” “our,” and the “Company”), today announced that on August 15, 2025, immediately following the Company’s previously announced successful public equity offering, that it had immediately placed all of the purchase orders and paid deposits totaling $5.1 million toward the purchase of all of the equipment for its 100,000 ton per year, certified zero-landfill industry-scale solar panel recycling facility to be located in Silver Springs, Nevada. The total purchase price for all the equipment is approximately $10.5 million. The Company also plans on spending an additional $1.5 million for expanded storage capacity, utility upgrades and commissioning of the facility.

“Our equity offering represented a remarkably broad and deep representation of some of the best institutional investors with proceeds dedicated to funding the capital expenditures for our first industry-scale facility, the operating expenses required to reach sustained profitability and the extinguishment of debt and other obligations. Our balance sheet has never been stronger as we are now rapidly deploying our industry leading technology and customer solutions,” stated Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. “The recycling growth opportunities have developed better and faster than our original plans, and we have now attracted some of the most sophisticated partners for investment, feedstock, operations, and offtake.”

Comstock Metals has now been operating its first commercial demonstration facility for over 18 months and in November of 2024, submitted permits for the first industry-scale photovoltaic recycling facility.  Comstock Metals’ billable revenues are expected to be eight times greater in 2025, as compared to 2024, or currently projected to be over $3.5 million, with proportionate future increases in 2026, as we scale up our first industry-scale facility. 

The Company’s solar panel recycling objectives for the next 10 months include:

  • Expand and activate local county storage capacity adjacent to our first industry-scale facility;
  • Complete permitting for our first industry-scale facility in Silver Springs, NV, by November 2025;
  • Secure additional Master Service Agreements (MSA) with national and regional customers;
  • Complete site selection and permit submissions for two additional solar panel recycling locations;
  • Expand our system globally with strategic and/or international partners;
  • Procure, deploy, and assemble plant and equipment for our first industry-scale facility during Q4 2025;
  • Commission the industry-scale facility during Q1 2026;
  • Continuously operate the zero-landfill industry-scale solar panel recycling facility during Q2 2026; and
  • Advance and expand R&D efforts to recover more and higher-purity materials from recycled streams for offtake.

“For the remainder of 2025, we plan on accelerating and increasing our lead as our solar panel recycling systems rapidly expand market share nationally while we await our final permits and the delivery of our high-speed, continuous processing system,” said Comstock Metals’ President, Dr. Fortunato Villamagna. “With our system, every component of an end-of-life solar panel (glass, aluminum, semiconductor fines, and other metals) is fully and cleanly reclaimed and repurposed into new, salable raw materials.”

About Comstock Inc.

Comstock Inc. (NYSE: LODE) innovates and commercializes technologies that enable, support and sustain clean energy systems across entire industries by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable electrification metals, like silver, aluminum, copper, and other critical minerals from end-of-life photovoltaics.

To learn more, please visit www.comstock.inc.

Comstock Social Media Policy

Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its X.com, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Contacts

For investor inquiries:
Judd B. Merrill, Chief Financial Officer
Tel (775) 413-6222
ir@comstockinc.com

For media inquiries:
Zach Spencer, Director of External Relations
Tel (775) 847-7573
media@comstockinc.com

Forward-Looking Statements 

This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future market conditions; future explorations or acquisitions; divestitures, spin-offs or similar distribution transactions, future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, divestitures, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; business opportunities, growth rates, future working capital, needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments, and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, spin-offs or similar distribution transactions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.

Release – The ODP Corporation Forms New OMNIA Partners Agreement to Provide Hospitality Products and Services

Posted on by slightbourne@noblecapitalmarkets.com

Strategic partnership accelerates ODP Business Solutions’ growth in hospitality sector

BOCA RATON, Fla.–(BUSINESS WIRE)–Aug. 25, 2025– The ODP Corporation (NASDAQ:ODP), a leading provider of products, services and technology solutions to businesses and customers, today announced a hospitality purchasing contract with OMNIA Partners through the ODP Business Solutions division, a reliable supplier of workplace solutions and services. OMNIA Partners is the nation’s largest and most experienced group purchasing organization for the public and private sectors. With this contract, ODP Business Solutions will provide members hospitality-focused products and services, such as high-quality linens, terry cloth towels, bathroom amenities and all other in-room supplies.

“Our growing collaboration with OMNIA Partners is a testament to our ability to support a multi-faceted and expansive customer base across the hospitality industry,” said David Centrella, executive vice president of The ODP Corporation and president of ODP Business Solutions. “Our solutions and services are as diverse as OMNIA Partners’ membership and their needs, making this an ideal partnership that expands our presence in the hospitality sector.”

Products and services supporting the hospitality industry represent a growing $16 billion segment, and OMNIA Partners members are a key part of this sector.

“Adding ODP Business Solutions’ products and solutions is a perfect addition to the OMNIA Partners portfolio,” said Jeff Gillmer, Senior Vice President of Private Sector Sales at OMNIA Partners. “Its high-quality selection of products and solutions and global supply chain will undeniably deliver greater value and savings to the organizations we serve.”

OMNIA Partners is advancing its presence in the hospitality segment by providing members with greater purchasing power, streamlined procurement, and access to high-quality, hospitality-focused products and services. This partnership underscores OMNIA Partners’ commitment to helping hospitality operators reduce costs, improve operational efficiency and elevate the guest experience.

About The ODP Corporation
The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, which includes world-class supply chain and distribution operations, dedicated sales professionals, online presence and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; and Veyer, LLC, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. For more information, visit theodpcorp.com.

About OMNIA Partners
As your ally in the purchasing process, OMNIA Partners is dedicated to improving the way your organization identifies, evaluates and procures what they need at the best value. With free membership, you’ll gain immediate access to our portfolio of leading national suppliers as well as OPUS — our ecommerce platform where you can buy online and check product availability. Additionally, access to spend visibility, analytics, and guidance from subject matter experts collaboratively identify more strategic and efficient ways to procure. We are here to help you optimize procurement for your organization. Discover a better way to buy at www.omniapartners.com.

About ODP Business Solutions
ODP Business Solutions is a trusted partner with more than 30 years of experience working with businesses to adapt to the ever-changing world of work. From technology transformation, sustainability, innovative workspace design, cleaning and breakroom, and everything in between, ODP Business Solutions has the integrated products and services businesses need. Powered by a collaborative team of experienced business consultants, world-class logistics, and trusted brand names, ODP Business Solutions advances how the working world gets work done. To learn more about ODP Business Solutions, visit www.odpbusiness.com.

ODP Business Solutions is a division of The ODP Corporation (NASDAQ: ODP). ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. ©2025 Office Depot, LLC. All rights reserved. Any other product or company names mentioned herein are the trademarks of their respective owners.

FORWARD LOOKING STATEMENTS – THE ODP CORPORATION
This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, or state other information relating to, among other things, The ODP Corporation (“the Company”), based on current beliefs and assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “expectations”, “outlook,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” “aim” or other similar words, phrases or expressions, or other variations of such words. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of the Company’s control. There can be no assurances that the Company will realize these expectations or that these beliefs will prove correct, and therefore investors and stakeholders should not place undue reliance on such statements.
Investors and shareholders should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission. The Company does not assume any obligation to update or revise any forward-looking statements.

Allison Wolfe
Media Relations
mediarelations@odpbusiness.com

Source: The ODP Corporation

Thoma Bravo Acquires Verint, Merges with Calabrio to Form AI-Driven Customer Experience Leader

Posted on by slightbourne@noblecapitalmarkets.com

Thoma Bravo, a leading private equity firm with a strong focus on software and technology, has announced its acquisition of Verint Systems in a $2 billion all-cash deal, signaling a major consolidation in the customer experience (CX) technology space. The move will bring Verint together with Thoma Bravo’s existing investment, Calabrio, to form a unified AI-driven CX powerhouse expected to reshape the $50 billion market for customer experience automation solutions. The transaction is expected to close in early 2026, pending regulatory approvals and customary closing conditions.

The combination of Verint and Calabrio will create a broad, integrated platform for organizations seeking to optimize their customer engagement strategies. Both companies bring complementary technologies and expertise, covering workforce optimization, agent engagement, and business intelligence solutions. The merger is aimed at enabling businesses of all sizes to accelerate outcomes in customer interactions, leveraging artificial intelligence to drive insights, operational efficiencies, and improved service delivery. By uniting their platforms, the combined company will offer a wider array of tools for automating and analyzing customer touchpoints, from call centers to digital channels.

Calabrio’s cloud-native suite, Calabrio ONE, already provides workforce performance management, AI-powered analytics, and personalized coaching capabilities, helping organizations maximize agent effectiveness and enhance customer satisfaction. Verint adds robust analytics, AI-driven interaction management, and workflow automation, strengthening the combined company’s ability to serve complex, enterprise-scale clients. Together, the companies are positioned to deliver the most comprehensive CX platform in the industry, appealing to both mid-market and large enterprises that prioritize efficiency, responsiveness, and customer loyalty.

Thoma Bravo’s investment reflects its long-standing commitment to growth and innovation in the software sector. With over $184 billion in assets under management and a track record of acquiring or investing in more than 500 companies over two decades, the firm aims to leverage its operational expertise to accelerate the development of Verint and Calabrio’s combined offerings. The strategic goal is to not only enhance the companies’ technological capabilities but also expand their reach across global markets, helping brands harness AI and data-driven insights to transform customer experiences.

Industry analysts expect the merger to bring immediate benefits to existing customers by streamlining product portfolios and integrating best practices from both companies. Calabrio and Verint are committed to maintaining and investing in their existing solutions, ensuring continuity for current clients while offering access to new, AI-enabled capabilities. The unified company is also expected to foster innovation through expanded research and development efforts, creating opportunities for next-generation CX solutions and strengthening its competitive position in a fast-evolving market.

Overall, the acquisition marks a significant step in the ongoing consolidation of the CX technology landscape, emphasizing the increasing role of AI in driving operational efficiencies and business outcomes. By combining Verint’s and Calabrio’s expertise, Thoma Bravo is poised to create a dominant player capable of shaping the future of customer experience management globally.

Release – Aurania Closes Oversubscribed Private Placement

Posted on by slightbourne@noblecapitalmarkets.com

Toronto, Ontario–(Newsfile Corp. – August 21, 2025) – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces that further to its news releases dated August 1, 2025 and August 5, 2025, the Company has closed an oversubscribed non-brokered private placement financing (the “Offering“). Total gross proceeds of C$1,906,355.76 were raised through the issuance of 15,886,298 units of the Company (the “Units“) at a price of C$0.12 per Unit.

Each Unit is composed of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant entitles the holder to purchase one Common Share (a “Warrant Share“) at an exercise price of C$0.25 for a period of 24 months following the closing of the date of issuance.

In connection with the Offering, the Company paid aggregate finder’s fees consisting of (i) C$5118.40 in cash (the “Cash Consideration“) and (ii) 42,653 compensation warrants (the “Compensation Warrants”) to eligible finders. Each Compensation Warrant entitles the holder to acquire one additional Unit at a price of C$0.12 per Unit for a period of 24 months from the date of issuance. Each Unit issuable upon exercise of a Compensation Warrant is comprised of one Common Share and one Warrant. Each such Warrant entitles the holder to acquire one Warrant Share at a price of C$0.25 per Warrant Share for a period of 24 months from the date of issuance of the Compensation Warrant.

The Company intends to use the net proceeds from the Offering primarily for exploration programs, general working capital purposes, and a portion of the proceeds will be allocated for the first payment of 2025 mineral concession fees in Ecuador.

The closing of the Offering is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the Offering are subject to a four-month plus one day hold period commencing on the date of issuance.

Related Party Transactions
Dr. Keith Barron, CEO and a director of the Company, acquired 5,741,666 Units under the Offering (the “Acquisition“). The Acquisition constitutes a “related party transaction” as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value of the Acquisition does not exceed 25 percent of the Company’s market capitalization.

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

Trump Moves to Take 10% Stake in Intel as U.S. Seeks Semiconductor Edge

Posted on by slightbourne@noblecapitalmarkets.com

The Biden-era CHIPS Act was designed to revive America’s semiconductor sector, but under the Trump administration, that funding is taking a new form: direct equity ownership. On Friday, President Trump announced that the U.S. government will acquire a 10% stake in Intel, a move aimed at stabilizing the struggling chipmaker and cementing its role in America’s technology future.

The announcement sparked immediate investor reaction, sending Intel shares up more than 7% in midday trading. The move represents one of the most aggressive interventions in U.S. industrial policy in recent years, underscoring Washington’s belief that semiconductors are not only an economic priority but also a national security imperative.

Intel has endured a turbulent few years. Once the undisputed leader in computer processors, the company has seen its dominance erode as rivals Advanced Micro Devices and Qualcomm gained ground in the PC market. Meanwhile, Nvidia has surged ahead in artificial intelligence chips, leaving Intel far behind in one of the fastest-growing and most strategically critical corners of the tech world.

Financially, the company has struggled to contain mounting losses. Its manufacturing division continues to bleed cash, while its market capitalization of roughly $111 billion is less than half of what it was in 2021. Under current CEO Lip-Bu Tan, Intel has been forced to make difficult cuts, laying off 15% of its workforce and shelving ambitious international expansion plans, including new facilities in Europe.

Still, Intel holds unique strategic importance. It remains the only U.S.-based company capable of producing advanced semiconductors at scale, a capability that has become increasingly vital as the global chip supply chain faces geopolitical risks. With tensions between the U.S. and China intensifying, reshoring semiconductor manufacturing has become a bipartisan priority in Washington.

Trump’s announcement also comes just days after Japan’s SoftBank Group revealed a $2 billion investment in Intel, signaling international confidence that the company may yet succeed in its turnaround. Even so, the road ahead remains challenging. Intel’s $20 billion Ohio chip complex—once heralded as the centerpiece of America’s semiconductor revival—has been delayed again, reflecting the company’s struggle to balance ambition with financial discipline.

At the same time, Intel is trying to reinvent itself as a contract chip manufacturer, or foundry, capable of producing semiconductors for other firms. Microsoft and Amazon have already signed agreements to use Intel’s newest 18A chip technology, but Intel itself remains its largest foundry customer, raising questions about whether it can truly scale the business to rival Taiwan Semiconductor Manufacturing Company (TSMC).

The U.S. government’s decision to become a shareholder in Intel adds a new layer of complexity. Supporters argue it provides Intel with the financial stability and political backing it needs to remain competitive in a cutthroat industry. Critics, however, caution that government ownership could distort market dynamics and discourage private-sector innovation.

For now, markets appear optimistic. Intel’s rally suggests investors see Washington’s stake as a sign of long-term commitment to keeping the company afloat. With global demand for chips set to surge alongside artificial intelligence, electric vehicles, and cloud computing, Intel’s future may hinge on whether government backing can help it reclaim its leadership position in one of the world’s most consequential industries.

SelectQuote (SLQT) – Pharmacy Strength Highlights Revenue Stability

Posted on by slightbourne@noblecapitalmarkets.com


Friday, August 22, 2025

Patrick McCann, CFA, Research Analyst, Noble Capital Markets, Inc.

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

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

Fiscal Q4 beat. SelectQuote posted Q4 revenue of $345.1 million and adj. EBITDA of $2.7 million, beating expectations. Agent productivity improved with AI integration and workflow streamlining. The company navigated Medicare enrollment headwinds by reallocating resources efficiently, demonstrating continued operating discipline across its core platform.

SelectRx paying off. Healthcare Services revenue rose 49% year-over-year to $210.6 million with membership hitting 108,000, up from 82,000 the year prior. Notably segment adj. EBITDA margins of 5.5% are expected to improve throughout fiscal 2026 based on efficiency gains from the Kansas facility and customer maturity.


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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. 

Nicola Mining Inc. (HUSIF) – Pivoting to Revenue and Cash Flow Growth

Posted on by slightbourne@noblecapitalmarkets.com


Friday, August 22, 2025

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

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

Accelerated warrant exercise. Nicola Mining Inc. (TSX.V: NIM, OTCQB: HUSIF, FSE: HLIA) reported the accelerated exercise of 2,019,477 share purchase warrants at C$0.40 each, generating C$807,791 in gross proceeds. On July 21, Nicola Mining announced that it was electing to accelerate the expiry of all the outstanding common share purchase warrants originally issued under a financing that closed in March 2025.  

Merritt Mill is ramping up production. With 200 tonnes per day of capacity, Nicola’s Merritt Mill is transitioning to full commercial production and cash flow generation. Nicola expects to utilize 100% of the mill’s capacity by the end of the third quarter. In early July, the Merritt Mill began processing ore received from Talisker Resources’ Bralorne project. In addition to processing ore for Talisker, ore is expected to be received during the third quarter from Blue Lagoon’s Dome Mountain gold mine, and from the Dominion Creek Gold Project, of which Nicola owns a 75% economic interest. Cash milling margins of 15% to 18% are expected at full capacity.


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. 

Aurania Resources (AUIAF) – Private Placement Financing Enhances Financial Flexibility

Posted on by slightbourne@noblecapitalmarkets.com


Friday, August 22, 2025

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

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

Oversubscribed private placement. Aurania raised gross proceeds of C$1,906,355.76 with the issuance of 15,886,298 units at C$0.12 per unit. Each unit is composed of one common share and one common share purchase warrant that entitles the holder to purchase one common share at an exercise price of C$0.25 for 24 months following the date of issuance. Dr. Keith Barron, CEO and director, acquired 5,741,666 units during the offering.

Use of proceeds. Aurania intends to use the net proceeds primarily for exploration programs and general working capital purposes. In our view, the oversubscribed private placement significantly enhances the company’s financial flexibility.


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. 

Government Solutions Industry Report: An ISAP RFP

Posted on by slightbourne@noblecapitalmarkets.com

Friday, August 22, 2025

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

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

ISAP RFP. In a somewhat surprising development, Immigration and Customs Enforcement has issued a request for proposals for the fifth iteration of its Intensive Supervision Appearance Program (ISAP), with a plan to award a potential $2 billion indefinite-delivery/indefinite-quantity contract. Consensus expectations were that an RFP would be released more towards the end of 2025.

Details. The contract will have a maximum performance period of two years, divided into two one-year ordering periods, a significant change from the prior 5-year performance periods. Responses are due by September 1st, a much shorter period than the 6 weeks from the 2019 contract. The contract is scheduled to begin on October 1, 2025.

Best Value. Bids will be measured on the Best Value Trade-off principle, with the three evaluation factors
being, in terms of importance, (i) prior experience, (ii) technical scenarios, and (iii) price. Prior experience
and technical scenarios will be significantly more important than price.

Implication. The $2 billion max award over a two-year period suggests ICE is expecting a significant
increase in the number of ISAP participants. We would note that in 2024 GEO, the long-time holder of the
ISAP contract, generated approximately $330 million of revenue in its Electronic Monitoring and Supervision Services segment, at a time when the average population was roughly 185,000.

Thoughts. The short response period, 2-year period of performance, and Best Value Trade-off principle
would all appear to favor the incumbent contract holder, in this case, GEO, in our opinion. We are somewhat surprised ICE is not seeking multiple awardees, although the relatively short nature of this award may reflect a stop gap to enable ICE to figure out any complexities of having multiple awardees.

Research reports on companies mentioned in this report are available by clicking below:

CoreCivic (CXW)

The GEO Group (GEO)

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All statements or opinions contained herein that include the words “we”, “us”, or “our” are solely the responsibility of Noble Capital Markets, Inc.(“Noble”) and do not necessarily reflect statements or opinions expressed by any person or party affiliated with the company mentioned in this report. Any opinions expressed herein are subject to change without notice. All information provided herein is based on public and non-public information believed to be accurate and reliable, but is not necessarily complete and cannot be guaranteed. No judgment is hereby expressed or should be implied as to the suitability of any security described herein for any specific investor or any specific investment portfolio. The decision to undertake any investment regarding the security mentioned herein should be made by each reader of this publication based on its own appraisal of the implications and risks of such decision.

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Senior Equity Analyst focusing on Basic Materials & Mining. 20 years of experience in equity research. BA in Business Administration from Westminster College. MBA with a Finance concentration from the University of Missouri. MA in International Affairs from Washington University in St. Louis.
Named WSJ ‘Best on the Street’ Analyst and Forbes/StarMine’s “Best Brokerage Analyst.”
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Trump Eyes $2 Billion Shift From CHIPS Act to Critical Minerals Push

Posted on by slightbourne@noblecapitalmarkets.com

The Trump administration is weighing whether to divert at least $2 billion from the CHIPS and Science Act toward U.S. critical minerals projects, according to people familiar with the deliberations. The move would mark a significant redirection of funds originally earmarked for semiconductor research and factory construction, underscoring the White House’s push to reduce reliance on China for strategic resources.

The CHIPS Act, signed into law in 2022 under President Joe Biden, was designed to strengthen domestic semiconductor manufacturing and research through more than $50 billion in incentives. Since taking office in January, President Trump has repeatedly criticized the law as an overly generous “corporate giveaway” and has sought to reshape its provisions. Redirecting funds toward mining and mineral processing would be one of his most consequential adjustments yet.

Supporters of the potential shift argue that the proposal is consistent with the CHIPS Act’s core mission: ensuring secure and stable supply chains for chipmaking. Semiconductor fabrication requires a steady flow of critical materials such as gallium, germanium, and rare earth elements, areas where China dominates global production and processing.

“The administration is creatively trying to find ways to fund the critical minerals sector,” one source said, noting that any changes remain under discussion.

Commerce Secretary Howard Lutnick, a former Wall Street executive tapped by Trump earlier this year, would gain expanded authority over funding decisions. His office already manages CHIPS Act disbursements but would now oversee a broader portfolio of projects spanning mining, processing, and recycling. The move follows internal tensions after the Pentagon’s recent investment in rare earths producer MP Materials raised questions about Washington’s broader minerals strategy.

For U.S. mining and processing firms, the potential reallocation could provide a much-needed financial lifeline. Companies such as Albemarle, the world’s largest lithium producer, have warned that stalled U.S. refinery projects will be difficult to revive without direct government support. Similar challenges face smaller recycling and processing ventures, many of which struggle to compete with China’s state-backed operations.

It remains unclear whether the administration would deploy the $2 billion as grants, loans, or equity stakes. Lutnick has reportedly pushed to “get the money out the door” quickly, signaling urgency in expanding domestic mineral capacity. Additional funding reallocations may follow if the strategy is adopted.

The Biden administration previously considered using CHIPS Act dollars for critical minerals but dismissed the idea as uneconomical and environmentally complex. Critics of Trump’s approach may raise similar concerns, pointing to the permitting hurdles and potential environmental impacts of new mining operations. Others warn that shifting money away from semiconductor projects could weaken efforts to bring advanced chip manufacturing back to U.S. soil.

Still, Trump has moved aggressively to boost resource production. He has signed executive orders promoting deep-sea mining and met with major industry leaders, including Rio Tinto and BHP executives, to highlight his commitment. The administration’s broader strategy is also being coordinated with the Department of Energy, which last week proposed $1 billion in critical minerals spending tied to infrastructure legislation.

By elevating Lutnick’s role, the White House seeks to consolidate decision-making and avoid the fragmented approach seen earlier this summer. Administration officials say this shift will create clearer guidelines for government support across the minerals sector, though questions remain about how conflicts of interest will be managed.

The deliberations highlight the administration’s view that secure mineral supply chains are as vital as semiconductor fabs themselves. Whether Congress and industry stakeholders embrace the reallocation will determine how far the plan advances — and how quickly Washington can build resilience in two sectors that underpin the nation’s technological and economic future.

When Everything Hits Record Highs: Can Markets Keep Climbing?

Posted on by slightbourne@noblecapitalmarkets.com

Markets are experiencing a rare moment in financial history. Nearly every major benchmark or asset class is sitting at record levels — from the Dow Jones and Nasdaq to gold, Bitcoin, housing values, rents, IPOs, and merger activity. Even the U.S. national debt has climbed to historic highs. The only notable exception is the Russell 2000 small-cap index, which has lagged behind its larger-cap peers.

This convergence of highs across so many areas raises critical questions: Is this sustainable, and where should investors look next?

At the heart of the rally is anticipation. Inflation has eased enough for Wall Street to believe the Federal Reserve will begin cutting interest rates in the coming months. Markets tend to price in expectations before policy changes occur, which explains why equities, real estate, and digital assets have surged despite borrowing costs still being elevated.

Corporate strength is also contributing. Tech giants continue to deliver outsized earnings, fueling growth in the Nasdaq, while strong balance sheets across industries are powering mergers and acquisitions at a record pace. Investors aren’t just chasing momentum; they’re betting on resilient fundamentals.

Interestingly, the surge is not limited to risk assets. Gold and Bitcoin, often viewed as hedges against uncertainty, have also reached record highs. That signals investors are not fully comfortable with the backdrop of ballooning U.S. debt, currency volatility, and geopolitical tensions.

In short, markets are climbing on optimism — but they’re also hedging.

The biggest challenge is valuation. Equities trading at record levels are vulnerable if earnings slow or if rate cuts fail to materialize. Housing markets, while supported by supply shortages, remain stretched on affordability. IPOs and M&A often peak late in a cycle, suggesting companies may be capitalizing on favorable conditions before they shift.

The Federal Reserve is the wild card. If policymakers cut rates in September as many expect, small-cap stocks — represented by the Russell 2000 — could see sharp gains. These companies are more sensitive to borrowing costs and have lagged during the tightening cycle. Conversely, if the Fed holds rates steady or signals fewer cuts, markets could face a correction.

Where Investors Should Look

Given the uncertainty, balance is essential. Investors might consider:

  • Small Caps (Russell 2000): The one major index not at record highs, offering upside potential if rates decline.
  • Defensive Dividend Stocks: Companies with consistent cash flow in healthcare, consumer staples, and utilities provide resilience.
  • Gold and Bitcoin: Effective hedges amid debt concerns and potential dollar weakness.
  • Global Diversification: International markets, many of which trade at lower valuations, offer opportunity.
  • Cash and Treasuries: With attractive short-term yields, keeping dry powder for potential volatility makes sense.

Markets are in uncharted territory, with nearly everything at record highs. Optimism about rate cuts and earnings strength is driving the surge, but stretched valuations and policy uncertainty suggest caution. Investors who balance growth exposure with hedges and defensive positions may be best positioned for what comes next.

Release – Veritone Partners with Newsmax to Monetize Expansive Content Library

Posted on by slightbourne@noblecapitalmarkets.com

DENVER–(BUSINESS WIRE)–Veritone (NASDAQ: VERI), a leader in human-centered enterprise AI solutions, today announced a new partnership with Newsmax, one of America’s leading news networks. This collaboration will bring Veritone’s advanced Digital Media Hub (DMH) technology and licensing expertise to Newsmax, enabling it to modernize its newsroom production workflows and unlock the value of its 20-year content archive.

Veritone’s DMH application, powered by its aiWARE™ platform, will enable Newsmax to fully search and utilize its vast library of content – a resource that is increasingly valuable in today’s high-demand media landscape. With Newsmax broadcasts running 24/7 and a continually expanding library of content, the newsroom’s ability to make this material searchable and globally accessible is vital for responding to the evolving needs of both Newsmax viewers and business partners.

“This partnership marks a pivotal chapter for Newsmax’s operational and commercial strategy,” said Sean King, Chief Revenue Officer and General Manager of Veritone Commercial. “By leveraging the capabilities of DMH and our licensing solutions, Newsmax can turn its archive into a dynamic asset, fueling audience engagement and revenue growth.”

Newsmax’s expansive archive offers unparalleled opportunities for monetization. Leveraging the expertise of Veritone’s licensing team and AI-powered solutions, Newsmax now has the tools and support to transform its content into new revenue streams, ensuring that its content is accessible to audiences of all kinds, enabling a broader and more impactful reach.

This collaboration underscores Veritone’s commitment to empowering media organizations with cutting-edge AI solutions that streamline operations and maximize content potential, which is needed more now than ever as the media landscape continues to undergo rapid digital transformation.

About Veritone
Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition industries, Veritone’s software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. To learn more, visit Veritone.com.

Contacts

Media Contact:
Nicholas Budler
Senior Manager, Technology
nbudler@webershandwick.com

Release – Bitcoin Depot Named One of America’s Greatest Companies 2025 by Newsweek

Posted on by slightbourne@noblecapitalmarkets.com

August 21, 2025 8:00 AM EDT

Recognition Highlights Bitcoin Depot’s Impact and Commitment to Delivering Accessible, Secure, and Convenient Bitcoin Access Nationwide

ATLANTA, Aug. 21, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot (“Bitcoin Depot” or the “Company”) (NASDAQ: BTM), a U.S.-based Bitcoin ATM (“BTM”) operator and leading fintech company, today announced that it has been recognized as one of America’s Greatest Companies 2025 by Newsweek and Plant-A Insights Group.

The annual list celebrates companies that excel in employee satisfaction, customer experience, and long-term business growth. Newsweek’s evaluation process included employee interviews, customer surveys, publicly available performance data, and more than 120 key performance indicators.

“Being recognized among America’s Greatest Companies is a testament to our team’s unwavering focus on delivering value to our customers while fostering a workplace where our employees can thrive,” said Brandon Mintz, CEO and founder of Bitcoin Depot. “Our mission has always been to make crypto accessible to everyone, and we are proud to be recognized for both our business achievements and our commitment to our people.”

Bitcoin Depot operates more than 9,000 BTMs across North America and Australia, enabling customers to seamlessly convert cash into Bitcoin for payments, transfers, remittances, and investments. The recognition comes during a landmark year of growth for the Company, which recently reported strong Q2 2025 results, announced multiple strategic partnerships and acquisitions, added Bitcoin to its treasury, and expanded its leadership team.

“A great workplace is one that strives to make all its employees feel respected and appreciated,” said Newsweek Editor-in-Chief Jennifer H. Cunningham. “But ensuring that employees are comfortable and valued is something only some companies excel at.”

This honor highlights how Bitcoin Depot’s cash-to-crypto approach is reshaping access to digital assets and strengthening its position as an industry leader.

For more information, visit www.bitcoindepot.com.

About Bitcoin Depot 
Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 47 states and at thousands of name-brand retail locations in 31 states through its BDCheckout product. The Company has the largest market share in North America with over 9,000 kiosk locations as of June 2025. Learn more at www.bitcoindepot.com.    

Contacts: 

Investors  
Cody Slach
Gateway Group, Inc.
949-574-3860
BTM@gateway-grp.com

Media  
Brenlyn Motlagh, Ryan Deloney
Gateway Group, Inc.
949-574-3860
BTM@gateway-grp.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c1213fa-ca76-42f3-842c-1b21a2a0bb26

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