The QualityStocks Daily Wednesday, October 16th, 2024

Today's Top 3 Investment Newsletters

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The QualityStocks Daily Stock List

ProQR Therapeutics (PRQR)

MarketBeat, StockMarketWatch, MarketClub Analysis, QualityStocks, TradersPro, The Street, StreetInsider, BUYINS.NET, Zacks, Stock Beast, Schaeffer's, InvestorPlace, FreeRealTime and Barchart reported earlier on ProQR Therapeutics (PRQR), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

ProQR Therapeutics N.V. (NASDAQ: PRQR) (FRA: 0PQ) (BMV: PRQRN) is a biopharmaceutical firm that is focused on discovering and developing RNA-based therapeutics to help treat genetic disorders.

The firm has its headquarters in Leiden, the Netherlands and was incorporated in 2012, on February 21st by Dinko Valerio, Henri Termeer, Gerard Platenburg and Daniel de Boer. It operates as part of the pharmaceutical and medicine manufacturing industry, under the healthcare sector. The firm has thirteen companies in its corporate family and serves consumers around the globe.

The company primarily focuses on ailments which have limited treatment options, including several forms of inherited blindness like Leber’s congenital amaurosis, autosomal dominant retinitis pigmentosa and Usher syndrome. It is party to license agreements with Leiden University Medical Center, Ionis Pharmaceuticals Inc., Inserm Transfert SA, the Radboud University Medical Center and ProQR Therapeutics VIII B.V., which entail discovering, developing and commercializing potential new medicines for genetic disorders in the nervous system and liver.

The enterprise’s product pipeline is comprised of QR-504a, which is undergoing a phase I clinical trial evaluating its effectiveness in treating fuchs endothelial corneal dystrophy; and QR-1123, which in a phase I/11 trial testing its efficacy in treating autosomal dominant retinitis pigmentosa. It also develops QR-421a, which in a phase I/II trial for the treatment of non-syndromic retinitis pigmentosa and Usher syndrome type 2; and Sepofarsen, which is in a phase 2/3 trial evaluating its efficacy in treating Leber’s congenital amaurosis 10 disease.

The company is focused on advancing its pipeline of therapies for genetic eye illnesses, with the objective of addressing the unmet needs of patients with these indications. The success and approval of its formulations will, in addition to helping patients, also bring in more investors into the company, which will be good for its growth.

ProQR Therapeutics (PRQR), closed Wednesday's trading session at $4.02, up 122.0994%, on 52,191,352 volume. The average volume for the last 3 months is 1.804M and the stock's 52-week low/high is $1.11/$4.13.

Quoin Pharmaceuticals (QNRX)

QualityStocks, PCG Advisory, StocksEarning, MarketBeat, FreeRealTime, Schaeffer's, Prism MarketView, Premium Stock Alerts, Money Wealth Matters, MarketClub Analysis and 360 Wall Street reported earlier on Quoin Pharmaceuticals (QNRX), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Quoin Pharmaceuticals Ltd (NASDAQ: QNRX) (FRA: 2EB) is a specialty pharmaceutical firm that is engaged in the development and commercialization of therapeutic products for orphan and rare indications.

The firm has its headquarters in Ashburn, Virginia and was incorporated in 2018, on March 5th. Prior to its name change, the firm was known as Cellect Biotechnology Ltd. It operates as part of the pharmaceutical and medicine manufacturing industry, under the healthcare sector. The firm serves consumers around the globe.

The company’s technology platform, dubbed ApoGraft, uses functional selection to pick stem cells that can enhance the effectiveness and safety of regenerative medicine and cell therapies.These stem cells flourish in an environment where other cells would’ve been eliminated, as their primary role is damaged tissue reconstitution. The platform exploits a stem cell characteristic associated with apoptosis, which is the process of programmed cell death. Efficient selection allows for retention of majority of stem cells while neutralizing harm.

The enterprise’s product pipeline comprises of a topical lotion dubbed QRX006, which is indicated for the treatment of rare skin diseases; a topical lotion known as QRX004, developed to treat recessive dystrophic epidermolysis bullosa; and a potential therapy dubbed QRX003, which is indicated for the treatment of Netherton Syndrome.

The company recently entered into an exclusive agreement with Orpharm LLC, for its QRX003 therapy. This distribution agreement will enable the therapy to be commercialized in Russia, which will not only bring in significant revenue but also extend their consumer reach, which may encourage more investments into the company.

Quoin Pharmaceuticals (QNRX), closed Wednesday's trading session at $0.79, up 56.746%, on 84,264,907 volume. The average volume for the last 3 months is 15.511M and the stock's 52-week low/high is $0.4772/$6.18.

Fangdd Network Group (DUO)

StocksEarning, QualityStocks, StockEarnings, MarketClub Analysis, StreetInsider, Premium Stock Alerts, The Stock Dork, StockMarketWatch, MarketBeat, Investors Underground, FreeRealTime and 360 Wall Street reported earlier on Fangdd Network Group (DUO), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Fangdd Network Group Ltd. (NASDAQ: DUO) is an investment holding firm that is engaged in the provision of real estate services and solutions for real estate brokers via real estate trading platforms that can be accessed online.

The firm has its headquarters in Shenzhen, the People’s Republic of China and was incorporated in 2011. It operates in the real estate sector, under the real estate services sub-industry and serves consumers in China. The firm generates most of its revenue from Base commission from transactions in China.

The enterprise operates a platform for real estate agents known as Duoduo sales, which allows them to access primary listings, a huge real estate buyer base and marketplace services and products like premium marketplace functions, data analytic tools, shared listings and artificial-intelligence based marketplace assistance. The enterprise’s other platform Fangduoduo provides secondary and primary listings, pricing information services, real estate market news and vacation properties.

The company also provides a core management system which allows agents and agencies to carry out their daily operations, like cooperating with participants in other marketplaces, serving real estate buyers and manage listings; and also offers online shops which allow agents to engage with, connect and/or reach real estate sellers and buyers, which integrates their offline and online operations with its ranking, agent verification and management systems.

The firm has more than a million real estate agents in China on its platform, the total number being slightly more than 2 million. As more agents join and use its platforms, its reach will be extended which will in turn bring in more investors.

Fangdd Network Group (DUO), closed Wednesday's trading session at $1.43, up 55.4348%, on 51,619,110 volume. The average volume for the last 3 months is 148,429 and the stock's 52-week low/high is $0.32/$4.67.

1847 Holdings LLC (EFSH)

QualityStocks, RedChip, FreeRealTime, StockWireNews, Fierce Analyst, Weekly Newsletter, Trades Of The Day, The Online Investor, Smartmoneytrading, Small Cap Firm, Jeff Bishop, InsiderTrades and Broad Street reported earlier on 1847 Holdings LLC (EFSH), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

1847 Holdings LLC is a unique publicly traded holding company platform. It combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company. The Company works to generate returns for shareholders in the future through consistent, annual distributions of operating subsidiary income and capital appreciation resulting from the timely sale of operating subsidiaries.

1847 Partners LLC serves as the manager of the company. 1847 Holdings LLC is headquartered in New York, New York. The Company lists on the OTC Markets.

1847 Holdings looks for businesses headquartered in North America and with Revenues of at least $5 million. Moreover, the Company looks for an historical Revenue growth rate of at least 5 percent. In addition, 1847 looks for companies that have current year EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of at least $1.5 million.

1847 Holdings’ intention is to provide shareholders with non-correlated returns. This is while permitting shareholders to liquidate their position in 1847 Holdings LLC at any point during an investment timeline. The Company's innovative structure allows flow-through tax treatment for shareholders.

1847 looks to derive value creation through prudently distributing annual income while growing its operating subsidiaries. This is in comparison to financial engineering fostered by extreme leverage. Therefore, 1847 Holdings seeks to own companies with founder-operators and management teams at the crucial inflection point in their growth cycle.

1847 Holdings LLC (EFSH), closed Wednesday's trading session at $1.68, up 24.4444%, on 918,237 volume. The average volume for the last 3 months is 579,782 and the stock's 52-week low/high is $1.04/$69.16.

Global Mofy AI (GMM)

Investors Alley, TopStockAnalysts, QualityStocks, Winston Small Cap, Insider Wealth Alert, The Best Newsletters, Daily Profit, StreetAuthority Daily, ProfitableTrading, Market FN, InvestmentHouse, Investment House, InvestorPlace, OTCtipReporter, Market Authority, InvestorIntel, MarketBeat, MicroCapDaily, OTCMagic, Wyatt Investment Research, Outsider Club, SmallCap Network, StockBlogs, Super Stock Picker, TheOptionSpecialist and Normandy Investment Research reported earlier on Global Mofy AI (GMM), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Global Mofy AI Limited (NASDAQ: GMM) is a company engaged in the provision of virtual content production, digital marketing, and digital assets development services for the metaverse industry.

The firm has its headquarters in Beijing, China and was incorporated in 2021, on September 29th by Haogang Yang. Prior to its name change in August 2024, the firm was known as Global Mofy Metaverse Ltd. It operates as part of the information technology services industry, under the technology sector. The firm mainly serves consumers in the People’s Republic of China.

The company operates its businesses through the Digital Marketing, Virtual Technology Service, and Digital Asset Development segments. The Digital Marketing segment offers advertisement production and promotion services to customers with integrated digital marketing services. The Virtual Technology Service segment offers comprehensive technology solutions to assist customers in virtual content production. On the other hand, the Digital Asset Development segment engages in virtual content production business and opportunistic acquisition of certain digital assets.

The enterprise is involved in the operation of Century Mofy Vocational Education Institute, which offers specialized training for AI algorithm engineers, data labelling specialists, and computer graphics artists. It also offers services for visual effect design, content development, production, and integration based on customers specific needs; and 3D rebuilt and artificial intelligence technologies using its Mofy Lab technology platform. In addition to this, the enterprise grants use right of digital assets for various applications, such as movies, TV series, AR/VR, animation, advertising, and gaming.

The firm, through its Gauss Intelligence Technology subsidiary, recently entered a partnership with Haoxi Health Technology Limited. This move will open the firm up to new growth and investment opportunities while also extending its consumer reach.

Global Mofy AI (GMM), closed Wednesday's trading session at $0.4599, up 14.1191%, on 681,032 volume. The average volume for the last 3 months is 3.671M and the stock's 52-week low/high is $0.4014/$15.47.

International Business Machines Corp. (IBM)

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Last week saw artificial intelligence (AI) receive Nobel prizes in chemistry and physics. This is new, considering it’s the first time artificial intelligence has been recognized in this particular setting. Normally, Nobel prizes are awarded for research conducted over a lengthy period and after influence is evaluated to ensure the recipient has the greatest benefit to humankind.

John Hopfield, a physicist, and Professor Geoffrey Hinton, who is regarded as the godfather of artificial intelligence, were awarded the Nobel prize in physics. Their work, which started in the 1980s, focused on inventing artificial neural networks based on physics concepts. This later influenced the development of artificial intelligence.

A day later, Professor David Baker of the University of Washington, and John Jumper and Demis Hassabis, both from DeepMind, were awarded the Nobel prize in chemistry. Jumper and Hassabis had developed an artificial intelligence system that could forecast protein structures while Baker had worked on a protein prediction tool driven by AI.

While this technology has greatly influenced different aspects of our daily lives, the recent awards sparked debate and mild outrage on social media, with some questioning how the tech was related to the aforementioned scientific disciplines.

For example, Jonathan Pritchard, an Imperial College London astrophysicist, stated on X that while he liked artificial neural networks and machine learning, he was finding it hard to see artificial intelligence as a physics discovery.

There were some positives, however, with some debating how artificial intelligence could fit into most categories and would, in the future, impact all of our lives on some level. Professor Virginia Dignum stated that the Nobel prizes in physics and chemistry being awarded to the use of artificial intelligence demonstrated its “triumph of interdisciplinarity.” In an interview, she explained that the real breakthroughs in science were no longer contained in one discipline but required the combination of different insights and a broader perspective.

Dignum added that artificial intelligence was a tool that could forecast outcomes, analyze huge datasets and even suggest new hypotheses, which improved investigators’ capabilities in fields such as physics, biology, medicine and chemistry. In addition, she noted that the recent Nobel prize awards weren’t about the tech’s place in this setting but rather, the respectful attitude of researchers, open mindedness and how much could be learnt.

In her conclusion, the distinguished professor of computing science noted that maybe the time had come to modernize Nobel prizes to recognize discoveries that mattered beyond the conventional division in disciplines.

What isn’t in dispute is the way in which AI solutions, such as those commercialized by entities such as International Business Machines Corp. (NYSE: IBM), are poised to bring a major transformation in the way different functions are executed within the business landscape.

International Business Machines Corp. (IBM), closed Wednesday's trading session at $233.67, up 0.3047734%, on 2,846,669 volume. The average volume for the last 3 months is 19.086M and the stock's 52-week low/high is $135.87/$237.37.

Alibaba Group Holding Limited (BABA)

InvestorPlace, The Street, Kiplinger Today, Schaeffer's, MarketClub Analysis, Zacks, Money Morning, StreetInsider, Trades Of The Day, Daily Trade Alert, Marketbeat, Market Intelligence Center Alert, StocksEarning, Investopedia, The Online Investor, Wealth Insider Alert, StreetAuthority Daily, Early Bird, ProfitableTrading, CustomerService, Marketbeat.com, QualityStocks, TopStockAnalysts, Louis Navellier, Uncommon Wisdom, GorillaTrades, Top Pros' Top Picks, TipRanks, StockEarnings, Cabot Wealth, CNBC Breaking News, AllPennyStocks, Profit Confidential, The Wealth Report, Options Elite, Investors Alley, Total Wealth, Street Insider, Money and Markets, INO.com Market Report, Daily Profit, Barchart, The Street Report, Wyatt Investment Research, SmallCapVoice, Investing Daily, StrategicTechInvestor, Market Intelligence Center, Insider Wealth Alert, Average Joe Options, Power Profit Trades, Daily Wealth, Trade of the Week, FreeRealTime, Investing Signal, MarketTamer, INO Market Report, Wealth Daily, WStreet Market Commentary, Trader Prep, BUYINS.NET, Wall Street Daily, Trading Concepts, MarketWatch, Short Term Wealth, The Best Newsletters, Investors Underground, InvestmentHouse, Earnings360, Visual Capitalist, Inside Investing Daily, 24/7 Trader, TheOptionSpecialist, StockReport, ChineseWire, Rick Saddler, Dynamic Wealth Report, The Weekly Options Trader, Energy and Capital, Daily Dividends, Investing Lab, Investment U, Agora Financial, OptionAlarm News, MarketArmor.com, InvestorsHQ, Wealthpire Inc., SureMoney, Investing Futures, Eagle Financial Publications, Weekly Wizards, DividendStocks, Dividend Opportunities, Direction Alerts, wyatt research newsletter, MarketDeal, wealthmintrplus, Navellier Growth, StockMarketWatch, Outsider Club, BillionDollarClub, Beat The Street, Stock Gumshoe, SmallCapNetwork, Atomic Pennies, Profits Run, Rockwell Trading, 24-7 Stock Alert, TheoTrade, Jim Cramer, Investor Guide, The Growth Stock Wire, Terry's Tips, Investment House, Investiv, Shah's Insights & Indictments, InvestorsObserver Team, Market Authority, The Night Owl, InsiderTrades, Summa Money, Inside Trading, Energy & Resources Digest, Wallstreet Journal, Kiplinger’s Weekly Update, Hit and Run Candle Sticks, Greenbackers, The Trading Report, Goldman Small Cap Research, Liberty Through Wealth, Financial Freedom Post, Equities.com, InvestorGuide and The Stock Dork reported earlier on Alibaba Group Holding Limited (BABA), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Alibaba Group Holding Limited (NYSE: BABA) has been performing exceptionally well lately, and it comes as no shock. After the Chinese government announced a major stimulus package, Alibaba’s stock shot up 29.04% in only one month, and the company has gained an impressive 30.06% over the past year. By Oct. 10, 2024, the company’s stock was trading at $109.28, with a whopping market cap of $261.723 billion.

So, what’s fueling this significant increase? Well, the Chinese government’s stimulus package is designed to get the economy moving, and as one of China’s biggest e-commerce players, Alibaba was bound to benefit. Investors are feeling optimistic about how Alibaba can benefit from this economic push.

However, the stimulus package isn’t the only thing Alibaba has going for it. The Oakmark International Fund, which holds Alibaba stock, highlighted in its Q3 2024 investor letter that there is still a lot of untapped potential in the organization. Oakmark thinks the market isn’t fully appreciating Alibaba’s ability to turn around its e-commerce business and explore other big opportunities. Despite the stock’s recent gains, the fund believes there is still room for even more growth.

Alibaba isn’t just a small part of Oakmark’s success. The Oakmark International Fund had a fantastic third quarter in 2024, returning 8.79% compared to the MSCI World ex USA Index’s 7.76%. Alibaba was the fund’s top performer, with healthcare and industrials also playing a big part in their overall gains.

It’s interesting to note that while Alibaba remains a top pick for investors, the number of hedge funds holding Alibaba shares saw a slight reduction, decreasing from 103 to 91 by the end of the second quarter of 2024. However, that hasn’t put a brake on the company’s momentum. Alibaba’s revenue for the first quarter of fiscal 2025 came in at RMB243.2 billion ($343.2 billion), up 4% year-over-year, though its consolidated adjusted EBITDA did drop by 1%.

Even with all this positive news, more investors are starting to favor artificial intelligence  (AI) stocks, which could deliver bigger and faster returns than Alibaba. Oakmark, for example, has mentioned that while it is still bullish on Alibaba, the firm sees even more potential in AI stocks.

In short, Alibaba is looking strong, especially with the tailwind from China’s stimulus measures. However, with so much competition from the booming AI sector, it could be interesting to see how the company continues to perform in the months ahead.

Alibaba Group Holding Limited (BABA), closed Wednesday's trading session at $102.17, up 0.3240377%, on 16,432,574 volume. The average volume for the last 3 months is 278,950 and the stock's 52-week low/high is $66.63/$117.82.

Green Thumb Industries Inc. (GTBIF)

QualityStocks, InvestorPlace, MarketBeat, CannabisNewsWire, Wealth Insider Alert, Cabot Wealth, Trades Of The Day, TradersPro, Daily Trade Alert, The Street, The Online Investor, CFN Media Group, StreetInsider, Zacks, Trading For Keeps, wyatt research newsletter, Prism MarketView, Kiplinger Today, Top Pros' Top Picks, Daily Profit and Technology Profits Daily reported earlier on Green Thumb Industries Inc. (GTBIF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

The state of Missouri recently awarded social-equity cannabis dispensary licenses to lucky lottery winners. Among them was David Huckins, a disabled veteran who learned in June that he’d be receiving 1 of 57 microbusiness licenses that the state stipulated would be awarded to disadvantaged business owners. Those who fit this description include disabled veterans, individuals with nonviolent cannabis offenses and those with lower incomes.

This program is part of the constitutional amendment to legalize the recreational use of cannabis that voters approved in 2022. Under the amendment, the program would award 33 wholesale licenses for cultivation facilities and 24 dispensary licenses.

Despite knowing that he was awarded the license, it wasn’t until last week that Huckins was notified that he’d passed the review process confirming his eligibility for the program.

A report released by the Division of Cannabis Regulation shows that only 7 of the 24 dispensary licenses were certified. The remaining winners of dispensary licenses were found to be ineligible, with the division noting that they failed to present sufficient documentation that they met the criteria. Additionally, 15 of the 33 wholesale licenses required to establish cannabis cultivation facilities were also rated ineligible.

This highlights the issues plaguing the microbusiness program, with some parties trying to cheat the system by submitting invalid applications. The Independent reveals that 14 of the dispensary licenses are likely linked to groups marijuana regulators have clamped down on previously. The groups include investors within the state as well as from Michigan and Arizona that have been accused of using disadvantaged individuals as proxies to acquire licenses. This practice involves recruiting applicants to apply for the lottery in large numbers to increase chances of winning.

In most cases, once the recruited applicants obtained licenses, investors often shut them out from the business, gaining full control and pocketing almost all if not all the profits.

Division spokesperson Lisa Cox announced that licensees that weren’t cleared received notices of pending revocation. Each licensee will have 30 days to respond to any concerns the division raised, during which they will be allowed to submit any information or records demonstrating why their licenses shouldn’t be revoked.

During the first lottery round, whose results were announced last October, it took roughly three months after issuing notices for the division to confirm revocation of licenses. In October 2023, 37 dispensary licenses were certified, with 9 out of the 11 remaining ones being revoked.

Established marijuana companies such as Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) operating in other jurisdictions are likely to applaud the measures taken in Missouri to keep undeserving individuals or entities from benefiting from the social-equity program intended to make some amends for the excesses of the era of marijuana prohibition.

Green Thumb Industries Inc. (GTBIF), closed Wednesday's trading session at $10.385, up 1.0214%, on 78,214 volume. The average volume for the last 3 months is 18.3M and the stock's 52-week low/high is $7.57/$16.33.

Riot Blockchain Inc. (RIOT)

Schaeffer's, MarketClub Analysis, InvestorPlace, StocksEarning, QualityStocks, StockMarketWatch, MarketBeat, INO Market Report, Zacks, TradersPro, StockEarnings, Early Bird, The Street, Market Intelligence Center Alert, The Online Investor, Kiplinger Today, AllPennyStocks, Trades Of The Day, BillionDollarClub, TraderPower, BUYINS.NET, InvestorsUnderground, Investment House, Daily Trade Alert, Market Intelligence Center, CryptoCurrencyWire, Penny Stock 101, StockRockandRoll, Trading Tips, The Wealth Report, StreetAuthority Daily, MarketClub Options, PennyStockLocks, MarketMovingTrends, Jeff Clark Research, Promotion Stock Secrets, Investors Alley, ProsperityPub, Premium Stock Alerts, Louis Navellier, Money Morning, FreeRealTime, StreetInsider, DividendStocks, The Daily Market Alert, TopPennyStockMovers and Inside Trading reported earlier on Riot Blockchain Inc. (RIOT), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

The U.S. Securities and Exchange Commission (SEC) recently filed fraud charges against nine people and three market makers for their roles in manipulating the trading of several cryptocurrency assets offered to retail investors as securities. It is alleged that the defendants planned fictitious trading activities to trick investors into believing there was real interest in the assets. The SEC said that by giving the impression of a working market, these efforts broke securities rules and harmed ordinary investors.

According to the regulator, Vy Pham, Nam Tran, Manpreet Singh Kohli, Maxwell Hernandez and Russell Armand hired Gotbit and ZM Quant to artificially inflate trading volumes. The goal was to lure investors into purchasing cryptocurrency assets by creating the false impression that there was an active market. The schemes relied on manipulative tactics such as wash trading, which involves repeatedly buying and selling the same asset to create the appearance of market activity.

Additionally, another company, CLS Global, has been implicated in manipulating the market of an asset created under the U.S. Federal Bureau of Investigation (FBI)’s guidance as part of a concurrent investigation.

The regulator accused all defendants of breaking market manipulation and antifraud rules in complaints filed with the U.S. District Court for the District of Massachusetts. It is requesting civil fines, confiscation of any financial gains, permanent injunctions and, for certain persons, prohibitions on holding director or officer positions in businesses.

Simultaneously, the U.S. Attorney’s Office and the FBI have launched their own criminal investigations. Some of the defendants, including Pham, Hernandez and Armand, have already agreed to settle their cases, which are pending approval by the court. The settlements will likely result in financial penalties and restrictions on their future professional roles.

This enforcement move demonstrates the SEC’s increasing focus on fraudulent behavior in the fast-growing and largely unregulated crypto-asset sector. The regulator is making it clear that misbehavior in digital or traditional markets will not be allowed by holding both promoters and organizations engaged in market manipulation accountable.

Director of the SEC’s Division of Enforcement Gurbir S. Grewal stressed, “The SEC has made it abundantly evident that manipulating the market for cryptocurrency assets advertised as securities is unlawful, and we will hold entities and individuals accountable for such actions.”

As regulatory oversight keeps changing, those operating in the digital-asset industry should prioritize compliance with securities laws. The SEC’s latest enforcement action highlights its ongoing commitment to maintaining market integrity and protecting retail investors from deceptive schemes.

These ongoing enforcement actions by the SEC probably make industry players such as Riot Blockchain Inc. (NASDAQ: RIOT) wonder when the authorities will ever enact clear rules that all parties adhere to while conducting their business activities.

Riot Blockchain Inc. (RIOT), closed Wednesday's trading session at $9.08, up 3.5348%, on 17,126,399 volume. The average volume for the last 3 months is 4.567M and the stock's 52-week low/high is $6.355/$18.75.

Match Group (MTCH)

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Match Group (NASDAQ: MTCH) is a leading player in the online dating industry, known for its popular platforms like Tinder, Match.com and OkCupid. The company operates globally, connecting millions of users seeking relationships. As Match Group navigates this competitive market, it faces challenges and opportunities that require strong financial leadership.

The recent appointment of Steven Bailey as Chief Financial Officer marks a pivotal moment for Match Group. Bailey, an insider, will assume his role on March 1, 2025, succeeding Gary Swidler. This leadership change comes at a time when the company is managing significant financial metrics. Match Group’s total assets are approximately $4.37 billion, while its liabilities are about $4.50 billion, leading to a negative stockholders’ equity of $130.24 million.

Despite the negative stockholders’ equity, Match Group maintains a strong cash position with cash and cash equivalents totaling $837.79 million. This liquidity is crucial for the company as it addresses its long-term debt of $3.85 billion. Effective cash management will be a key focus for Bailey as he steps into his new role, ensuring the company can meet its financial obligations.

Match Group’s financial structure also includes net receivables of $324.27 million and account payables of $17.22 million. These figures highlight the company’s ability to manage its short-term financial commitments.

As Match Group continues to compete in the online dating industry, the leadership transition to Steven Bailey as CFO is expected to bring fresh perspectives and strategies. With other current liabilities at approximately $281.34 million, Bailey’s expertise will be essential in steering the company towards financial stability and growth.

To view the full press release, visit https://ibn.fm/WsCMS

About Match Group Inc.

Match Group, through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Its global portfolio of brands includes Tinder(R), Hinge(R), Match(R), Meetic(R), OkCupid(R), Pairs(TM), PlentyOfFish(R), Azar(R), BLK(R), and more, each built to increase its users’ likelihood of connecting with others. Through the company’s trusted brands, it provides tailored services to meet the varying preferences of its users. Match Group’s services are available in over 40 languages to users all over the world.

Match Group (MTCH), closed Wednesday's trading session at $37.825, off by 2.0585%, on 2,560,304 volume. The average volume for the last 3 months is 459,209 and the stock's 52-week low/high is $27.655/$42.425.

Cresco Labs Inc. (CRLBF)

QualityStocks, InvestorPlace, Kiplinger Today, Daily Trade Alert, MarketBeat, Cabot Wealth, CannabisNewsWire, Top Pros' Top Picks, The Street, The Wealth Report, Wealth Insider Alert, Trading For Keeps, Trades Of The Day, The Online Investor, Early Bird, Prism MarketView, StreetInsider, wyatt research newsletter, TradersPro and StocksEarning reported earlier on Cresco Labs Inc. (CRLBF), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Nebraska’s top election official and the state’s chief prosecutor are raising concerns about the validity of most signatures gathered for two medical marijuana petitions set to appear on the ballot this November. Mike Hilgers, Nebraska’s attorney general, who filed a legal motion on behalf of Bob Evnen, secretary of state, stated that inquiries are still being conducted to determine whether the 49,000-plus confirmed signatures on these petitions are authentic.

With early voting already underway on whether to legalize or regulate medical cannabis, Evnen and Hilger are urging the court to verify the total number of valid signatures and potentially nullify the election results if enough legitimate signatures are not confirmed.

In response, Nebraskans for Medical Cannabis criticized the state’s policies, stating that it is alarming that the state is attempting to silence Nebraskans based on largely speculative legal issues.

The legal filing accuses petition circulators of fraud or other misconduct in 72 of Nebraska’s 93 counties. Hilgers’ office claims that three notaries acted as both circulator and notary on an unspecified number of petitions, while six others notarized documents without witnessing the signatures in person, as required.

A total of eight notaries have been accused of misconduct. If the signatures collected by these individuals are disqualified, it could potentially void about 49,000 signatures on both the legalization and regulatory petitions.

Additionally, four circulators are accused of fraudulent activities, though the filing doesn’t specify the exact nature of the fraud. In total, about 656 signatures on each petition are at risk of being disqualified due to alleged fraud.

Hilgers argued that the burden of proving the signatures’ validity should fall on the petition sponsors, stating that when fraud or misconduct is discovered, any associated signatures lose their presumption of validity. His office is asking the court to take an even tougher stance than a 1919 state Supreme Court ruling that nullified signatures tied to fraudulent circulators during a referendum on women’s suffrage.

The investigation points to more than 30 people suspected of wrongdoing, including high rates of signature rejections. One sponsor involved is Crista Eggers, campaign manager for Nebraska Families 4 Medical Marijuana. As of now, no additional charges have been filed against any other circulators or notaries connected to the cannabis petitions.

This marks the third attempt by Nebraskans for Medical Cannabis to get the measure on the ballot. The organization’s first effort in 2020 was blocked by the state Supreme Court, and in 2022, the group failed to gather enough signatures. While several measures will appear on the Nov. 5 ballot this year, Evnen and Hilgers are focusing their scrutiny solely on the medical cannabis initiatives.

These efforts to block the passage of laws legalizing medical or recreational marijuana aren’t new. Companies such as Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) have seen similar issues arise in different markets, but the reform movement scores gains sooner or later.

Cresco Labs Inc. (CRLBF), closed Wednesday's trading session at $1.57, off by 0.3174603%, on 795,568 volume. The average volume for the last 3 months is 95,667 and the stock's 52-week low/high is $1.0552/$2.65.

Cenntro Electric Group Ltd. (CENN)

QualityStocks, GreenCarStocks, TradersPro, TipRanks, Penny Stock and InvestorPlace reported earlier on Cenntro Electric Group Ltd. (CENN), and today we highlight the Company, here at the QualityStocks Daily Newsletter.

Goldman Sachs Research has revealed that prices of electric vehicle batteries could fall by nearly 50% in the next a year and a half due to various technological advances. These advances allow manufacturers to develop EV batteries with more capacity without increasing their weight, allowing electric cars to travel further on a single charge.

Coupled with a drop in the price of metals used to develop EV batteries, Goldman Sachs Research explains that these advancements will result in a larger-than-expected fall in battery prices. On average, global EV battery costs fell from $153 per kilowatt-hour (kWh) in 2022 to $149 last year. Goldman Sachs Research now predicts that battery prices will continue their downward trend until they are $111 as 2024 draws to a close.

Furthermore, Goldman Sachs Research projects that prices will drop to $80/kWh by 2026, a nearly 50% drop from 2023 prices. As the battery accounts for most of an electric vehicle’s cost, such low battery prices would make electric cars as affordable as internal combustion engine (ICE) vehicles. This would solve the largest barrier to EV ownership — cost — and allow for mass electric-vehicle adoption without the need for subsidies.

Goldman Sachs Research’s Asia-Pacific Natural Resources and Clean Energy Research cohead Nikhil Bhandari says innovations in technology have allowed for a 30% increase in EV battery efficiency and lower costs. Additionally, metals such as cobalt and lithium, which are critical to EV battery development, have seen a notable fall in recent months. These metals typically account for up to 60% of EV battery costs.

Battery-structure innovations are primarily behind the increase in EV battery density, Bhandari explains. Manufacturers are building larger battery cells and implementing cell-to-pack rather than packing small modules comprised of small cells into battery packs. Getting rid of modules allows for a simpler structure that saves space while increasing energy density, he explains.

While lithium-based batteries currently dominate the market, Bhandari notes that solid-state batteries have the potential to be a “game changer” in the future because they offer higher energy density and safety levels. Traditional EV batteries use a liquid electrolyte that increases the risk of overheating and fire. Although electric vehicle fires are rare, they are much harder to put out than regular fires.

Solid-state batteries, on the other hand, replace the liquid electrolyte with a solid one. Unfortunately, scaling issues have hindered their entry into the mass market. New battery chemistries, including solid state and sodium-ion, are predicted to capture around 5%–10% of the EV battery market, with lithium-ion chemistries retaining most of the market.

As battery prices drop, we are likely to see various EV models from numerous manufacturers such as Cenntro Electric Group Ltd. (NASDAQ: CENN) becoming more commonplace on roads in comparison to ICE vehicles.

Cenntro Electric Group Ltd. (CENN), closed Wednesday's trading session at $1.18, off by 0.3799071%, on 39,031 volume. The average volume for the last 3 months is 458,935 and the stock's 52-week low/high is $1.00/$2.599.

The QualityStocks Company Corner

Brera Holdings PLC (NASDAQ: BREA)

The QualityStocks Daily Newsletter would like to spotlight Brera Holdings PLC(NASDAQ: BREA).

Brera Holdings is the only publicly traded company focused on multi-club ownership of international football teams.

As of October 2024, the company owns full or majority stakes in three professional soccer clubs across Europe, Asia and Africa, as well as an Italian professional volleyball club.

In September 2024, Brera Holdings received the prestigious Social Impact Through Soccer award from the Internet Marketing Association for the second time in three years, recognizing its global social contributions through football.

In January 2024, the company announced a proactive search to acquire an Italian Serie B football club, targeting expansion into Italy's second division. A recent CFA report has projected significant revenue growth and capital appreciation for Brera upon completion of this acquisition.

In June 2023, Brera Holdings acquired a strategic stake in English Premier League club Manchester United PLC, later selling the stake for a 74% profit, highlighting its ability to capitalize on high-value football investments.

Brera Holdings PLC (NASDAQ: BREA) is an Ireland-based, international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership approach. The company capitalizes on opportunities to earn tournament prizes, secure sponsorships, collect transfer fees, provide professional sports consulting services, and enhance the valuation of its clubs.

Brera Holdings builds on the legacy of Brera FC, an international football club (referred to as soccer in the U.S.), that it acquired in July 2022. Established in 2000 and based in Milan, Italy, Brera FC has distinguished itself by cultivating an alternative football legacy. In October 2024, the Internet Marketing Association awarded Brera FC with the Social Impact Through Soccer accolade at its IMPACT 5050 Conference, recognizing the club’s global perspective and positive contributions to society.

The company’s growth strategy focuses on unlocking value from undervalued sports clubs and talent, driving innovation, and generating socially impactful outcomes. Brera Holdings is actively expanding its Global Sports Group, acquiring professional football and other sports clubs in emerging markets such as Africa, Asia, and Europe.

By targeting top-division teams in less mainstream markets, Brera Holdings aims to strengthen its competitive position in regional tournaments, including those organized by the Union of European Football Associations (UEFA). These acquisitions are expected to enhance sponsorship revenues and create new growth opportunities.

Leveraging its expertise in capital raising and revenue generation, Brera Holdings also anticipates growing demand for its consulting services, providing advisory support to sports clubs, associations, investors, and others. Brera Holdings is headquartered in Dublin, Ireland, with additional offices in Milan, Italy.

Sporting Assets

Brera Holdings continues to grow its global sports portfolio with a series of strategic acquisitions and innovations, including the FENIX Trophy Tournament, a pan-European, non-professional football competition. Launched in September 2021 and organized by Brera FC, the tournament has been recognized by UEFA and described by BBC Sport as “the Champions League for amateurs.” In 2023, Brera FC hosted the tournament’s finals at Milan’s iconic San Siro Stadium.

In March 2023, Brera Holdings expanded into Africa by establishing Brera Tchumene FC in Mozambique. Starting in the country’s Second Division League, the team quickly earned promotion to Moçambola, Mozambique’s First Division League, by November 2023.

In April 2023, Brera Holdings further strengthened its European presence by acquiring a 90% stake in Fudbalski Klub Akademija Pandev, a first-division football team in North Macedonia. This acquisition provides access to two major UEFA competitions, solidifying the company’s position in European football.

Brera Holdings’ reach extends beyond football. In July 2023, it acquired majority ownership of UYBA Volley, an Italian Serie A1 women’s professional volleyball team, demonstrating its commitment to diversifying within top-tier sports.

In September 2023, Brera Holdings entered the Mongolian football market by acquiring Bayanzurkh Sporting Ilch FC, a Mongolian National Premier League team. For the 2024 season, the club was rebranded as Brera Ilch FC, further expanding Brera’s global footprint.

In January 2024, Brera Holdings initiated a proactive search for an Italian Serie B football club, aligning with its goal of bringing multi-club ownership opportunities to mass investors through its Nasdaq-listed shares.

In February 2024, the Brera Holdings Advisory Board was established with MLS founder and World Cup director Alan Rothenberg, luxury lifestyle executive Massimo Ferragamo, sports business leaders Paul Tosetti and Marshall Geller, and Italian football icon Giuseppe Rossi.

In June 2024, the North Macedonian women’s football club Tiverija Strumica officially became part of the Brera family with the establishment of a joint-stock company controlled by Brera Holdings called Women’s Football Club Tiverija Brera AD Strumica (“Brera Tiverija”). Brera Tiverija is now a wholly-owned subsidiary of Brera Strumica FC.

In September 2024 Brera announced that it signed an exclusive letter of intent to acquire an Italian Serie B club (the “LOI” and the “Club”). According to a CFA report published in June 2024, this expected strategic transaction, for an estimated purchase price of $21.6 million, would add first-year annual revenue of $10.8 million to Brera, and that revenue would likely increase by 25% each year for the next three years. The company’s capital valuation, projected the report, would also experience significant appreciation during this period.

In October 2024, Brera was recognized with the 2024 Social Impact Through Soccer Award at IMPACT 5050, an annual event honoring leaders and innovators who significantly impact their industries and communities. This is the second time Brera has won the award.

Market Opportunity

A report from IMARC Group, a global management consulting firm, reveals that the international football market generated approximately $3.3 billion in revenue in 2023, with projections to grow to $4.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.6%. Key drivers behind this growth include advancements in digitization, increasing sponsorship and partnership deals between brands and clubs, the rising interest in women’s professional soccer leagues, and the expansion of the e-sports and gaming sector.

In particular, Serie B Italian football clubs seem to present exceptionally attractive investment opportunities. As of September 2024, more than half of these clubs had appreciated between 80-100% in total market value, post-purchase.

As the world’s most-watched and most-played sport, soccer drives significant demand for football-related products and services, contributing to market growth. Broadcasting rights, sponsorships, and endorsement deals are also major revenue sources for clubs and organizations, with an expanding global fanbase generating new opportunities for financial growth, according to the report.

Management Team

With extensive experience in leadership and finance, Daniel McClory currently serves as the Executive Chairman and Director of Brera Holdings, PLC. He co-founded and held the position of Chief Executive Officer at Boustead & Company Limited, and previously served as the Managing Director, Head of Equity Capital Markets, and Head of China at Boustead Securities, LLC. Mr. McClory’s governance experience includes being a Board Director for USA Track & Field and a member of the Eastern Michigan University Champions Advisory Board. Mr. McClory’s expertise encompasses founding and financing equity capital markets, as well as navigating merger and acquisition transactions and initial public offerings. He holds a BS and MS from Eastern Michigan University, where he also received an honorary Doctor of Public Service. In addition to his professional qualifications, he is fluent in both English and Italian.

Pierre Galoppi serves as the CEO, Interim CFO, and director of Brera Holdings. With over 30 years of experience in strategic business and financial services, his career spans a variety of industries, including natural resources, aviation, cybersecurity, telecommunications, tourism, and international marketing. He has worked extensively across Latin America, the Caribbean, Canada, Europe, and the United States. Mr. Galoppi holds dual citizenship in Canada and Italy and is fluent in English, Spanish, Portuguese, Italian, and French. He earned a Bachelor of Commerce degree and an MBA from Concordia University in Montreal.

Maria Xing serves as the Head of Investments and Corporate Development. She is an executive who has specialized in MCO football (soccer) group investments for 777 Partners, where she was involved in sourcing, direct negotiations, due diligence, and closing deals, including acquiring a controlling stake in Brazilian Serie A football club, Vasco da Gama, and investing in Australian Premier League (“A-League”) side, Melbourne Victory FC. She also played a role in other professional sports franchise portfolio management, including topflight professional football clubs in Italy, France, Germany, and Belgium. Her background is in private equity, investment banking, and finance, with prior experience at The Raine Group, Credit Suisse, and EY (Ernst & Young), as well as previous sports industry experience at Liverpool Football Club in international business development. Ms. Xing earned an MBA from the Wharton School of the University of Pennsylvania and a B.S. from the New York University, Stern School of Business.

Additional Resources

Brera Holdings PLC (NASDAQ: BREA), closed Wednesday's trading session at $0.6966, up 2.4412%, on 13,395,008 volume. The average volume for the last 3 months is 259,175 and the stock's 52-week low/high is $0.5111/$3.00.

Recent News

Annovis Bio Inc. (NYSE: ANVS)

The QualityStocks Daily Newsletter would like to spotlight Annovis Bio Inc. (NYSE: ANVS).

New research has observed that serious viral infections, including pneumonia and encephalitis, heighten the risk of neurodegenerative illnesses such as Alzheimer's and Parkinson's. This comes after previous research found a connection between the Epstein-Barr virus and a heightened risk of developing multiple sclerosis. Michael Nalls, a neurogeneticist and the senior author of the study, revealed that the research team decided to use a data science-based approach for its research. Using this approach, the investigators focused on analyzing medical records, which made it easier to systematically look for all potential links at a go. They focused on the medical records of about 35,000 Finns with six different types of neurodegenerative illnesses then compared their findings against a control group made up of 310,000 individuals who had no brain disease. Singleton, director of the Center for Alzheimer's and Related Dementias, added that the group's findings supported the idea that viral infections and associated inflammation in the nervous system may be risk factors for these types of conditions. The investigators reported their findings in "Neuron." This revelation that pathogens, especially viruses, play a role in the onset of neurodegenerative diseases could provide lines of investigation by enterprises such as Annovis Bio Inc. (NYSE: ANVS) that are focused on developing effective treatments against diseases such as Alzheimer's disease.

Annovis Bio Inc. Overview

Annovis Bio Inc. (NYSE: ANVS) is a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative disorders such as AD and PD. Annovis Bio stands out by developing a drug that targets multiple neurotoxic proteins simultaneously, aiming to restore axonal and synaptic activity. This innovative approach addresses both the cognitive decline in AD and the motor dysfunction in PD, making Annovis a unique player in the neurodegeneration space.

Lead Drug Candidate: Buntanetap

Buntanetap (formerly known as Posiphen) targets neurodegeneration by inhibiting the formation of multiple neurotoxic proteins, including amyloid beta, tau, alpha-synuclein, and TDP43. This multifaceted inhibition improves synaptic transmission and axonal transport, reduces neuroinflammation, and protects nerve cells from dying. Unlike monoclonal antibody therapies, buntanetap is an orally available small molecule capable of inhibiting multiple neurotoxic proteins at once, positioning it as a comprehensive solution for neurodegenerative diseases.

In a recent Phase II/III Alzheimer’s study, buntanetap demonstrated statistically significant efficacy. Patients with early AD showed a significantly higher rate of improvement in ADAS-Cog 11 scores across all treatment doses compared to placebo, with a 3.3 point improvement compared to 0.3 for placebo (p < 0.01). Plasma Tau protein levels also reduced, consistent with previous Phase II biomarker data, further validating buntanetap’s mechanism of action.

Similarly, in the recently completed Phase III study of buntanetap in patients with early PD, buntanetap significantly improved disease-related daily non-motor and motor functions in Parkinson’s patients who had a diagnosis over 3 years as well as improved cognition in all PD patients. It further underscores buntanetap’s potential as a transformative therapy.

Market Opportunity

The aging population presents a significant market opportunity, with nearly 7 million Americans currently suffering from Alzheimer’s Disease (AD), a figure projected to rise to almost 13 million by 2050​ (Alzheimer’s Association)​​ (Republican Policy Committee)​. Additionally, approximately 1.2 million people in the U.S. have Parkinson’s Disease​ (SingleCare)​.

The economic burden of Alzheimer’s is immense, with care costs expected to reach $360 billion in 2024 and escalate to nearly $1 trillion annually by 2050​​. The need for effective, comprehensive treatments like Buntanetap is more critical than ever.

Company Highlights

  • Innovative Therapeutic Approach: Annovis Bio uniquely targets multiple neurotoxic proteins, aiming to restore nerve cell health and improve cognitive and motor function in AD and PD patients.
  • Robust Clinical Data: Phase II/III studies show significant improvements in cognitive function and biomarker levels in early AD patients.
  • Groundbreaking Clinical Insights: Recent Phase III data in Parkinson’s Disease patients demonstrates significant improvements in motor and cognitive functions.
  • Upcoming Phase III Trials: Plans are underway for an 18-month Phase III trial focusing on biomarker-positive early AD patients, designed to further validate buntanetap’s disease-modifying potential.
  • Capital Efficiency: Annovis Bio is capital-efficient, with zero debt and multiple global patents extending into the 2040s.

Management Team

  • Maria L. Maccecchini, Ph.D. – Founder, President, CEO, and Executive Board Member, founded Annovis Bio in May 2008 with the mission to develop better therapeutics for Alzheimer’s, Parkinson’s, and other neurodegenerative diseases. She has previously been a partner and director at two angel groups, Robin Hood Ventures and MidAtlantic Angel Group, and founded Symphony Pharmaceuticals/Annovis, which was sold to Transgenomic in 2001. Her extensive experience includes roles such as General Manager at Bachem Bioscience and Head of Molecular Biology at Mallinckrodt. Dr. Maccecchini holds a Ph.D. in biochemistry from the Biocenter of Basel, with postdoctoral work at Caltech and the Roche Institute of Immunology.
  • Cheng Fang, Ph.D. – Senior VP of Research and Development, is an accomplished neuroscientist with two decades of experience in neurodegenerative diseases. She has a successful track record of scientific publications and contributions, coupled with extensive pre-clinical and clinical development experience. Dr. Fang has been instrumental in advancing the understanding of neurodegenerative disease mechanisms and developing therapeutic strategies.
  • Michael Christie, Ph.D. – VP of Process Chemistry, has over 40 years of experience in the pharmaceutical industry, focusing on process chemistry R&D, pilot plant production, and GMP operations. He has held senior management positions at companies such as SmithKline, Rhodia, Teva, and Cephalon, and founded a contract process R&D service company, which was later acquired by ChiRex. Dr. Christie is co-author or co-inventor on several publications and patents. He earned his BS in chemistry from the University of Michigan and his doctorate from MIT.
  • Melissa Gaines – Senior VP of Clinical Operations, is an accomplished clinical research professional with over 20 years of experience across academia, contract research organizations, and pharmaceutical companies. She has proven abilities in monitoring and managing Phase I to IV clinical trials, specializing in CNS disorders and extending to a broad range of therapeutic indications. Her CNS experience spans from small Phase I and II studies to large global Phase III trials in Alzheimer’s disease, Parkinson’s disease, sleep disorders, and various psychiatric diseases in both adult and pediatric populations. In her current role, she oversees and supports all clinical project activities, driving operational success and ensuring high-quality clinical outcomes.
Recent Achievements

Annovis Bio continues to advance its mission of developing transformative therapies for neurodegenerative disorders. The company recently announced statistically significant data from its Phase II/III Alzheimer’s study, demonstrating the potential of its lead drug candidate, buntanetap, to improve cognition in patients with early Alzheimer’s Disease (AD). Additionally, the company has released promising data from its Phase III study of buntanetap in patients with early Parkinson’s Disease (PD), which highlights significant advancements in both cognitive and motor functions. These milestones underscore the expanding therapeutic reach of buntanetap.

Investment Considerations
  • Unique Market Position: Annovis Bio is uniquely positioned as the only company developing a drug for both AD and PD that inhibits multiple neurotoxic proteins simultaneously.
  • Strong Clinical Results: Buntanetap’s Phase II/III data shows significant cognitive improvement in early AD patients, and the recent Phase III data in PD patients further validates its broad therapeutic potential.
  • Strategic Growth Plans: With recent successful trial results, Annovis Bio is poised for future growth, supported by strong patent protections and upcoming clinical trials.
  • Significant Market Need: As the prevalence of neurodegenerative diseases continues to rise, the demand for effective treatments like buntanetap remains critical.

Annovis Bio continues to advance its mission of developing transformative therapies for neurodegenerative disorders. The company recently announced statistically significant data from its Phase II/III Alzheimer’s study, demonstrating the potential of its lead drug candidate, buntanetap, to improve cognition in patients with early Alzheimer’s Disease (AD). Additionally, the company has released promising data from its Phase III study of buntanetap in patients with early Parkinson’s Disease (PD), which highlights significant advancements in both cognitive and motor functions. These milestones underscore the expanding therapeutic reach of buntanetap.

Annovis Bio Inc. (NYSE: ANVS), closed Wednesday's trading session at $9.14, up 14.5363%, on 909,049 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $3.00/$.

Recent News

Mullen Automotive Inc. (NASDAQ: MULN)

The QualityStocks Daily Newsletter would like to spotlight Mullen Automotive Inc. (MULN).

The International Energy Agency (IEA) predicts that China's green-energy boom will account for a whopping 60% of the world's upcoming renewable-energy projects for the next six years. China has all but monopolized the global photovoltaic solar supply chain and is poised to lead the worldwide rollout of green energy via its vast solar capacity, the IEA says. Between now and 2030, the second-largest economy on the globe will make up more than one-half of all installed green-energy capacity, the IEA's green energy report says. The paper found that the rollout of green energy projects will triple over the next six years compared to the previous six years, with Chinese and Indian renewable-energy projects leading the rollout. Although solar energy will take center stage in the world's transition to renewables, wind energy is also drawing plenty of interest. With interest rates as well as supply-chain costs falling in recent months, typically cost-intensive wind farms are attracting more investment. Alternative energy sources including hydro and geothermal energy will make up the remainder of the world's growing renewable-energy capacity. As green energies claim a bigger share of the energy mix in different countries, battery electric vehicles from automakers such as Mullen Automotive Inc. (NASDAQ: MULN) could deliver even greater climate benefits if they are charged using energy obtained from renewable sources.

Mullen Automotive Inc. (NASDAQ: MULN) is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

Commencement of Trading on Nasdaq

On November 5, 2021, Mullen announced its commencement of trading on the Nasdaq Capital Market.

“Today is a monumental day for Mullen Automotive. I am especially proud of our team, investors and all who have believed in Mullen and taken us to this point as a publicly traded company on the Nasdaq Capital Market,” David Michery, CEO and Chairman of Mullen Automotive, stated in the news release. “Trading on Nasdaq now opens us up to new investors, both institutional and retail shareholders, and broadens our awareness and company profile, while increasing awareness of Mullen and our technology platform and opening new opportunities in EV and beyond. The road ahead has never been brighter for Mullen, and I am proud to lead us into the future.”

The milestone came in the wake of the company’s stock-for-stock merger with Net Element Inc.

The Mullen FIVE

The Mullen FIVE EV Crossover, debuting at the Los Angeles International Auto Show (LAIAS) on November 17, 2021, embodies Mullen’s Southern California roots with an inspired design focused on two complementary Golden State themes – California landscape and California urban.

The FIVE is built on an EV Crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is Strikingly Different™ and exciting to experience in person.

Prior to the start of LAIAS, the Mullen FIVE was selected as a finalist by the LA Auto Show for Top EV SUV in the ZEVA “People’s Choice” Awards.

LAIAS provides Mullen an opportunity to display multiple variants of the FIVE model while also showcasing its powertrain, battery and charging technology. The company intends to bring the FIVE to market in 2024, and reservations are currently open here.

Mullen’s development portfolio also includes EV Fleet Vans, which it intends to bring to market in Q2 2022, and the pure electric, high performance Mullen DragonFLY.

Expansion of Manufacturing Capacity

On November 2, 2021, Mullen announced plans to expand its facility in Robinsonville, Mississippi.

Mullen’s Advanced Manufacturing and Engineering Facility (AMEC) currently occupies 124,000 square feet of manufacturing space. The total available land on the property is over 100 acres, and Mullen is moving ahead with plans to build out another 1.2 million square feet of manufacturing space to support class 1 and class 2 EV cargo vans and the Mullen FIVE EV Crossover.

On the expanded site, Mullen plans to build a body shop, a fully automated paint shop and a general assembly shop.

EV Market Outlook

The global EV market was reported to consist of 3,269,671 units in 2019, a figure that is expected to grow at a CAGR of 21.1% through 2030 to a total of 26,951,318 units worldwide. This market’s monetary value was estimated at $162.34 billion in 2019 and is expected to grow at a CAGR of 22.6%, resulting in an approximate value of $802.81 billion by 2027. The primary driver for this exponential growth is a worldwide increase in vehicle emissions regulations.

Management Team

David Michery is the CEO and Founder of Mullen and has been leading the company and its divisions since inception in 2014. With over 25 years of executive management, marketing, distressed assets, and business restructuring experience, Mr. Michery brings a wealth of relevant knowledge and expertise to the Mullen brand. He has notably created 12 trademarks so far to develop the company brand and vision.

Mr. Michery is working toward a sustainable future accessible to all by creating a suite of clean-energy electric vehicles at varied price points. With entirely U.S.-based manufacturing and operations, he is also determined to have Mullen Technologies play a role in shaping a self-sustaining local economy by creating more jobs in America.

Mr. Michery manages risks and company expectations as a pathway to success and has personally overseen several businesses that totaled over $1 billion in transactions. His key strength is the ability to be fiscally responsible and lead teams to complete projects on time and within budget. As a seasoned professional in this space, Mr. Michery has demonstrated skill in building businesses from the ground up and into successful entities that subsequently sold for hundreds of millions of dollars.

Mullen Automotive Inc. (MULN), closed Wednesday's trading session at $2.28, up 0.4405286%, on 1,140,426 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $2.101/$3900.00.

Recent News

Nightfood Holdings Inc. (OTCQB: NGTF)

The QualityStocks Daily Newsletter would like to spotlight Nightfood Holdings Inc. (OTCQB: NGTF).

Nightfood Holdings (OTCQB: NGTF) subsidiary, Future Hospitality Ventures Holdings Inc. (FHV), announced a groundbreaking technology initiative aimed at transforming the hospitality industry, starting in the Greater Los Angeles area with plans for national expansion. FHV is preparing to introduce advanced automation solutions to enhance operational efficiency and guest experiences, addressing challenges like rising costs and labor shortages. In collaboration with leading AI-driven technology firms, FHV aims to reshape hospitality venues such as restaurants, hotels, and event spaces, positioning itself at the forefront of digital innovation in the $300 billion U.S. hospitality market. Further updates on partnerships and the launch timeline are expected soon.

To view the full press release, visit https://ibn.fm/uwZ3w

Nightfood Holdings Inc. (OTCQB: NGTF) is a visionary holding company focused on identifying and capitalizing on explosive market trends within hospitality, food services and consumer packaged goods. By leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval, the company’s mission is to create unparalleled upside potential in industries ripe for innovation and growth.

Subsidiaries

Nightfood Inc.

The company’s flagship subsidiary, Nightfood Inc., is changing the way the world snacks at night. Humans are biologically hard-wired to crave sweets and fats at night – a survival mechanism from our hunter-gatherer days. Modern consumers know bingeing excess calories before the long nightly fast is no longer necessary for survival, but exploding screen time and decreased willpower at night results in over 90% of American adults snacking between dinner and bed every week, contributing to an estimated one billion nighttime snack occasions weekly (according to SleepFoundation.org).

The most popular choices – ice cream, cookies, chips and candy – are not only unhealthy but also impair sleep quality due to their nutritional profiles. Nightfood snacks are uniquely formulated by sleep and nutrition experts to satisfy nighttime cravings AND support better sleep.

Market Opportunity

Euromonitor International projects the American snack market will grow from $150 billion in 2022 to $170 billion in 2027. Snacking between dinner and bed is estimated to account for over $60 billion annually, creating an opportunity for a multi-billion-dollar sub-category to emerge in the coming years: sleep-friendly snacking.

Nightfood is the brand pioneering that category.

Nightfood’s innovation has led to partnership overtures from global giants, including the largest food and beverage company in the world, Nestlé, with whom Nightfood completed a “test-and-learn” joint initiative in 2023.

Management believes that successfully scaling Nightfood’s 2024 direct-to-consumer launch of sleep-friendly cookies will bring the category to life, opening the door for partnerships with and potential acquisition by global snack giants seeking to lead this potential billion-dollar emerging sub-category.

Future Hospitality Ventures Holdings Inc. (d/b/a roboOp365)

Future Hospitality Ventures Holdings, operating under the brand roboOp365, is revolutionizing the hospitality industry with cutting-edge automation and robotic solutions.

roboOp365 enhances operational efficiency and guest experiences through innovative technologies, including automated culinary bot, server robots and AI-enhanced applications. roboOp365 helps hospitality providers reduce costs, streamline operations and deliver superior service by integrating these advancements.

Market Opportunity

The robots-as-a-service (RaaS) business model has gained significant traction, super-charged by the COVID-19 pandemic, which instantly catalyzed game-changing growth and application. According to Verified Market Research, the service robotics market is projected to reach $173.17 billion by 2030, growing at a compound annual growth rate (CAGR) of 21.25%. Compared to Asia, the United States market is in the early stages of adopting these technologies, but acceptance is accelerating aggressively.

Several factors are driving this trend. Key industries such as hotels and restaurants are still struggling to rebound from the pandemic’s impact, hoping to return to pre-pandemic levels, if possible. Such recovery will largely be dependent upon service robots. In California specifically, factors such as rising labor costs, more rigorous labor laws and ongoing high turnover rates in labor-intensive sectors make it impossible for businesses to survive, thrive and compete without robotics.

Innovation Across Sectors

Nightfood Holdings Inc. is dedicated to driving innovation across its focus sectors of food services, automation and hospitality applications. In food services, the company leverages automation technology to drive operational efficiency for operators while meeting evolving consumer needs. In the hospitality industry, it’s deploying solutions that redefine guest experiences. Nightfood’s consumer-packaged goods initiatives are key to breakthrough trends in health and wellness.

Synergizing Food and Technology

The synergy of food and technology within Nightfood Holdings Inc. creates a holistic approach to innovation and automation. By integrating these areas, the company offers comprehensive solutions that address multiple facets of market needs. Its automation and artificial intelligence solutions in food service and hospitality create a seamless and enhanced consumer experience.

Through this integrated approach, Nightfood Holdings Inc. not only meets current market demands but also anticipates and influences future trends, positioning itself as a leader in innovation across these interconnected sectors. Synergies in these related and explosive categories result in operational efficiency and benefits for the company’s customers and partners and outsized upside and opportunity for its investors.

Management Team

Sean Folkson is the Chairman and President of Nightfood. He founded Nightfood when he couldn’t find a solution to his nighttime snacking problem. Recognizing the growing body of research linking nutritional intake with sleep quality, he launched the first snack brand specifically formulated to give consumers better, healthier and more sleep-friendly snacks for that peak-cravings slot between dinner and bed. He is a serial entrepreneur and problem-solver, having previously founded Specialty Equipment Direct, an online distributor of floor removal equipment, and AffiliatePros.com, a pioneering company in online affiliate marketing.

Lei Sonny Wang is the CEO of Nightfood Holdings. He is a strategist and business driver for early-stage and growth-stage companies. He is the founder and former CEO of Future Hospitality Ventures Holdings Inc., which was acquired by Nightfood Holdings Inc. At Future Hospitality, he leveraged his significant international business development experience into distribution relationships with leading global robotics manufacturers. At Nightfood, he is working to grow revenue and improve performance and profitability across all subsidiaries.

Nightfood Holdings Inc. (OTCQB: NGTF), closed Wednesday's trading session at $0.014, up 15.7025%, on 74,108 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.0075/$0.035.

Recent News

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF)

The QualityStocks Daily Newsletter would like to spotlight Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF).

Dynasty has no debt and approximately 61 million shares issued and outstanding, with approx. 40% owned by insiders and long-term shareholders.

The largest shareholder, owning 9.7%, is mining legend Rob McEwen, founder, executive chairman and largest shareholder of McEwen Mining Inc.

The company recently launched the second phase of this year's drilling campaign that will cover the remaining 1,800 meters of the 4,000 meter drill program announced in June 2024.

Phase 1 drill results confirmed grades of up to 24.53 g/t within a broad zone of mineralization in the Eastern Pelham Zone.

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF), a Canadian mineral exploration company currently focused on gold exploration in North America, with projects located in the Manitou-Stormy Lake greenstone belt in Ontario and the Midas gold camp in Nevada, represents a unique presence in the gold exploration space. As discussed at the company's Annual General Meeting (https://ibn.fm/tq16Z), Dynasty holds a temptingly small market cap compared to increasingly impressive indications of huge potential with its high-grade gold resources, making it an especially attractive opportunity for investors.

Dynasty Gold Corp. (TSX.V: DYG) (OTC: DGDCF) is rapidly emerging as a notable player in the gold sector. With its impressive portfolio of high-potential projects and recent drilling results, Dynasty Gold is capturing the attention of investors and industry analysts alike. As the company continues to advance its exploration efforts, the potential for substantial gains becomes increasingly evident.

Many respected analysts agree that gold is in the early stages of a new commodities supercycle, where multiple forces like inflation, infrastructure spending, and global demand are driving the price surge. The question is, ‘how to profit from it’.

Dynasty Gold’s recent drilling campaign at its flagship Thundercloud project in Ontario, Canada, has delivered results that are likely to reshape expectations and could significantly impact the company’s fortunes. The latest drilling assays from the project reveal high-grade gold mineralization, confirming the project’s potential for substantial resource development.

With high-quality North American assets, renowned leadership and a miniscule market cap, Dynasty Gold looks perfectly positioned to capitalize on any potential updraft in prices and potentially deliver outsized returns. In fact, if the next batch of drill holes (expected within weeks) is successful in expanding the economics of the resource, DYG could easily outperform the market and lead the pack to the upside.

There are only about 61 million Dynasty shares issued and outstanding, with roughly 40% owned by insiders and long-term shareholders. It’s important to note that Rob McEwen owns 9.7%. A mining legend, McEwen founded Goldcorp and increased the company’s market cap 160X – from $50M to over $8B. He must see value in Dynasty Gold, too. Around 50% of outstanding shares are held by retail investors, and any positive news on top of surging global demand could catapult the stock.

High-Grade Deposits, 100% Owned

The Thundercloud Property

The Thundercloud property is situated in the prolific Archean Manitou-Stormy Lakes greenstone belt in Western Ontario, which has a geological setting similar to the Abitibi belt but is much less thoroughly explored. The region contains numerous gold showings, along with several deposits and historic producers. Initial results suggest excellent potential for bulk-tonnage orogenic gold mineralization, with the possibility of high-grade mineralization. In recent years, nearly 30 million ounces of gold have been discovered in the area.

Dynasty Gold’s Thundercloud project is strategically located within one of Canada’s most prodigious gold-producing regions. Ontario is renowned for its rich mineral deposits and supportive mining infrastructure, providing a favorable environment for exploration and development. The Thundercloud property covers approximately 5,560 acres and is located 47 kilometers southeast of Dryden, Ontario. It is accessible via the Trans-Canada Highway (Hwy 17). Dryden, a resource-based town, offers essential infrastructure for mining operations.

Dynasty recently completed Phase 1 of its 2024 Drill Program at its Thundercloud property, announcing results in an August press release.

Ivy Chong, President and CEO, commented, “Dynasty completed Phase 1 of the 4,000 meters planned drilling, consisting of 11 holes for a total of 2,198 meters. The eight holes within the Pelham Zone all intersected intervals from 10+ to 70 meters of strong pyrite veinlets and disseminations similar to that associated with high-grade mineralization in the previous two years of grades up to 8.4 g/t gold over 73.5m including 151.7 g/t gold over 3.0m. We look forward to receiving the assay results from Phase 1 drilling within the next several weeks and will re-commence drilling in early September, once these results have been analyzed and an additional 10 or more drill holes sited.”

The recent drilling results at Thundercloud have substantial implications for the project’s future. High-grade gold intercepts are indicative of a robust mineralized system, which could lead to a significant increase in the project’s resource estimate. Despite this high-grade, the company’s drill holes are comparatively shallow (less than 250 meters in length). Many similar projects are required to drill as deep as 700+ meters to obtain grades similar to Dynasty’s recent results. This, in turn, enhances the project’s attractiveness to major mining companies and institutional investors.

The impressive drilling results from Dynasty’s Canadian project will be followed by more drilling with more news expected in the next few weeks. Roughly 90% of the project has thus far seen limited drilling and therefore represents untested potential. Positive assay results often generate increased interest and confidence as the market reacts to the potential for significant resource discoveries.

The Golden Repeat Property

Located on the north slope of the Midas Trough, along the Carlin Trend within the Northern Nevada Rift, the Golden Repeat gold property comprises 49 contiguous mining claims totaling approximately 968 acres. These claims share geological similarities with gold properties in the well-known Midas Gold Camp.

Hecla Mining Company’s Midas Mine is located 18 kilometers east of the property, with other major Carlin-style gold mines, including Nevada Gold Ventures LLC’s Getchell-Twin Creeks-Turquoise Ridge mines (15 kilometers southwest) and its Goldstrike Mine complex (50 kilometers southeast) nearby.

The property is easily accessible from Interstate 80, with excellent local mining infrastructure. Gold Fields and Romarco Minerals briefly drilled the property in the 1990s, but a large portion remains unexplored.

Market Opportunity

In 2023, the World Gold Council estimated the physical financial gold market – comprising bars, coins, gold ETFs, and central bank reserves – was valued at nearly $5 trillion.

This historical scarcity and relatively slow rate of new production, compared to other commodities, are key reasons gold has retained its value for millennia. In September 2024, the spot price of gold was quoted at just over $2,497 per ounce.

Dynasty Gold’s strategic focus on expanding its resource base and advancing its exploration efforts positions it well for future success. The company’s ongoing drilling programs are designed to further delineate and expand the high-grade zones identified, which could lead to a substantial resource upgrade and increased project valuation.

Additionally, the potential for resource expansion and the attractiveness of Dynasty Gold’s project in a top-tier mining jurisdiction such as Ontario could attract interest from strategic partners or acquisition targets. Options include both smaller scale high-grade production in the near term or bulk tonnage production in the years ahead. Such developments would provide additional opportunities for capital infusion and project acceleration, further supporting a positive trajectory for the stock price.

Management Team

Ivy Chong has served as CEO of Dynasty Gold since 2008. With over two decades of experience in the mining and oil & gas industries, she has negotiated several option and joint venture agreements with major companies such as Teck, AngloGold Ashanti, Azimut, and Avocet Mining. She has assisted numerous companies with IPOs and raised capital for resource firms across Asia, Europe, and North America. Before entering the resource industry, she worked at the Hong Kong Stock Exchange and Deloitte and Touche LLP.

Larry Kornze, VP of Exploration and Director at Dynasty Gold, brings over 30 years of international gold exploration experience to the company. He is credited with discovering Barrick’s 40-million-ounce gold deposit at the Betze Mine on the Carlin Trend in Nevada during the late 1980s. Kornze was also involved in the discovery of other significant deposits in Nevada, including Miekle, Deepstar, Screamer, and Rodeo. He has held positions with Newmont and Getty Mining in North America and serves on the boards of several public gold exploration companies.

Dynasty Gold Corp. (OTC: DGDCF), closed Wednesday's trading session at $0.089, even for the day. The average volume for the last 3 months is and the stock's 52-week low/high is $0.077/$0.1893.

Recent News

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF)

The QualityStocks Daily Newsletter would like to spotlight Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF).

Results include high-definition recognition of mineralization in the drill core submitted, showing sulphide mineralization and mineralized inclusions in waste rock.

TOMRA's X-ray transmission technology separates material based on atomic density and has an impressive track record.

By removing waste rock early in the processing cycle, Renforth expects to reduce the amount of material processed.

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) has released key information regarding an initial test of materials from the company's Quebec-based Victoria critical minerals polymetallic system. According to the company's latest shareholder update, the test has been successfully completed at the TOMRA Mining Test Centre in Wedel, Germany (https://ibn.fm/UVfay).

Annovis Bio Inc. Overview

Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) is an active mineral exploration company engaged in the exploration and development of the company’s wholly owned multi-commodity mineral properties in Canada. The company owns the Parbec gold deposit on the Cadillac Break in Quebec and is currently exploring the Parbec property to increase the gold resource and identify a location to strip and bulk sample from surface.

In addition, the company holds the Nixon Bartleman gold property in Ontario and is also engaged in developing its wholly owned Malartic Metals Package, Quebec’s newest polymetallic battery minerals district with several areas of mineralization, one of which is the nickel, cobalt, copper and zinc mineralized Victoria structure boasting approximately 20 kilometers of strike with surface mineralization, limited drilling, road access and hydroelectric power.

Renforth is well positioned in the heart of the Abitibi Greenstone belt, which straddles the Canadian Provinces of Ontario and Quebec, on both of the Cadillac-Larder Lake and Destor-Porcupine faults – the two main structures responsible for a belt endowed with more than 300 million ounces of gold (including production, M&I reserves and resources to date), making it one of the world’s most prospective gold regions.

The Canadian Malartic Mine, one of Canada’s largest gold mines, is adjacent to each of Renforth’s brownfield Malartic area properties, the Parbec open pit gold resource and the Malartic Metals Package, which, in addition to several known battery metals mineralized structures, also hosts gold within the Pontiac sediments, a very under-explored geological setting.

The company is headquartered in Pickering, Ontario.

Projects

Parbec Gold Deposit

Renforth’s 100% owned Parbec Gold Deposit contains a gold resource designed with an open pit to capitalize on Parbec’s surface mineralization. An MRE on the project, effective December 2019 and now considered by Renforth to be obsolete, is based upon approximately 28,000 meters of drilling which occurred between 2007 and 2019.

Renforth drilled 15,000 meters of new holes in 2020 and 2021 which were not included in the MRE, but which did extend the mineralization deeper within the MRE. The 2020-21 drilling is considered to have validated an additional 13,000 meters of historic drilling from 1986-93.

The validation occurs as 10% of the historic holes were redrilled, with results comparable to the historic results in terms of geology and gold values. Any future MRE calculated at Parbec will benefit from the inclusion of the new and historic drilling.

In addition to this, Renforth’s current structural interpretation on the location of, and controls on, the gold mineralization at Parbec is materially different than the geological model for the outdated MRE. For the first time, Renforth has mapped the Pontiac contact and interpreted a hinge fold interacting with the Cadillac Break and allowing the movement of gold enriched fluids, with mineralization plunging to the south, into the Pontiac.

It is worth noting that a structural control on the adjacent, and much larger, Canadian Malartic Mine is the Sladen Fault transiting into the Pontiac. Currently, Renforth is testing this interpretation with a soil survey designed to outline an area for stripping and bulk sampling within the Pontiac south of the Cadillac Break.

Malartic Metals Package

Renforth’s wholly owned approximately 300-square-kilometer Malartic Metals Package in Quebec’s mining heartland includes surface mineralization of battery metals nickel, cobalt, copper, zinc and silver in separate structures, as well as a copper/silver discovery and gold mineralization. Lithium is also present in anomalous amounts in the sediments, though the source has not yet been located.

The property was assembled commencing in 2020 by adding claims to Renforth’s existing Malartic West property by map staking. The goal was to acquire historic gold and base metal showings, as well as pronounced magnetic anomalies, joining several of the areas of discrete historic exploration into a district scale property with several areas of interest for battery metals and a greenfield copper/silver discovery. The property benefits from its location in an established mining community, roads on the property, rail just off the property and hydroelectric power lines crossing the property, making logistics simple and the cost to operate quite low.

This is the first time this property has been assembled as it is today and actively explored. A significant portion of the property has never been explored.

Market Overview

The World Gold Council, the industry association for the world’s gold producers, estimated in 2023 the physical financial gold market, which is made up of bars, coins, gold ETFs and central bank reserves, is worth nearly $5 trillion. The council reports that gold mine production adds approximately 3,500 tons of the precious metal to the world’s supply annually, equivalent to about 2% growth.

This historical scarcity and relatively slow production of new supply, as compared to other commodities, is a primary reason gold has retained its value for millennia, according to the council. In August 2024, the market price of gold was approximately $2,435 per ounce.

Management Team

Nicole Brewster is President and CEO of Renforth Resources. During her tenure she has reconstituted the company, developed a maiden mineral resource and sold a gold deposit. She is a native of the Toronto area and has been around the mining business nearly all her life, having been raised by a successful mineral exploration geologist who worked (and is still working) around the world as an entrepreneur and geoscientist.

Ms. Brewster worked summer jobs in various segments of the mining business, which led to her employment as a contractor working in the early days of the digitization of exploration data, 3D modeling and data visualization. After working in the capital markets for a time, she returned to the mineral exploration business as a partner in a successful private firm with several employees.

Renforth Resources Inc. (OTCQB: RFHRF), closed Wednesday's trading session at $0.01045, even for the day. The average volume for the last 3 months is and the stock's 52-week low/high is $0.0068/$0.0242.

Recent News

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)

The QualityStocks Daily Newsletter would like to spotlight McEwen Mining Inc. (NYSE: MUX) (TSX: MUX).

Gold has been surging in popularity and value. Just this year, the precious metal has increased by approximately 28%, reaching a peak of more than $2,680 per ounce. In addition to Federal Reserve rate cuts and central bank purchases across emerging markets, the prospect of new financial sanctions imposed by the U.S. and growing concerns about the national debt could provide additional momentum for gold as many analysts forecast prices will continue to set new all-time highs.

In the current market landscape, gold stands out as a strategic hedge against both geopolitical and financial risks, making it an attractive option for investors seeking stability and potential growth in an uncertain economic climate. With its combination of rising demand and strong market fundamentals, countless investors are now taking a serious look at gold for the very first time.

Amidst this backdrop, companies like McEwen Mining (NYSE: MUX) (TSX: MUX) are poised to benefit from increased investor interest in precious metals.

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is an asset rich diversified gold and silver producer in the Americas with a large exposure to copper through its subsidiary, McEwen Copper, owner of the Los Azules copper deposit in Argentina, believed to be the 8th largest undeveloped copper resource in the world.

Led by a management team with a track record of success, MUX owns and operates mines in some of the most prolific gold producing regions of the Americas. The company proactively took cost-saving measures months ago to lower expenses and increase production across its portfolio of gold assets, driving some production costs below industry averages. Gold and copper prices, already in an upswing, are forecast to enter an explosive uptrend over the next couple years. Drawing from its experience, McEwen Mining planned, prepared and laid the groundwork to capitalize on this emerging opportunity.

The company currently holds a Zacks Rank #1 (Strong Buy), placing it in the top 5% of over 4,000 stocks ranked by Zacks, based on trends in earnings estimate revisions and EPS surprises. Seldom is management so aligned with investors’ interests and committed to the company’s success. With a combined investment of over $220 million, CEO Rob McEwen holds a 17% ownership stake in McEwen Mining and a 13% ownership in McEwen Copper. Acclaimed in the mining industry, McEwen founded Goldcorp, where he increased the company’s market capitalization 160 times – from $50 million to over $8 billion. That same vision and tenacity led MUX in creating McEwen Copper.

For McEwen Mining shareholders, beyond the company’s exposure to gold upsurges, its 47.7% stake in McEwen Copper is expected to be a blockbuster, turbocharging MUX by creating the world’s next prolific copper unicorn.

McEwen Copper

With continuous industrial need, new critical demand for copper is rapidly emerging, increasingly driven by the green energy transition. The price of copper rose from a low of about $2 per pound in 2020 to over $4.60 per pound in May 2024, and strong demand is expected to intensify. A study by S&P Global, titled The Future of Copper: Will the Looming Supply Gap Short-circuit the Energy Transition?, projects global copper demand to nearly double over the next decade, from 25 million metric tons today to about 50 million metric tons by 2035. Based on current trends, S&P Global forecasts annual supply shortfalls to reach nearly 10 million metric tons in 2035.

McEwen Mining owns a 47.7% equity stake in McEwen Copper, the holder of a 100% interest in the Los Azules copper project in San Juan, Argentina, which is ranked the 8th largest undeveloped copper deposit in the world. Current copper resources at Los Azules are estimated at 10.9 billion pounds at a grade of 0.40% Cu (Indicated category) and an additional 26.7 billion pounds at a grade of 0.31% Cu (Inferred category). McEwen Copper also owns a copper exploration project in Nevada, USA, called Elder Creek.

In a 2023 Preliminary Economic Assessment (PEA), Los Azules was estimated to have a 27-year life, producing an average of 322 million lbs. of copper cathode annually, at a cash cost of $1.07 per lb. of copper, in the lowest quartile of the copper cost curve. The project could ultimately become an even larger mine with a longer life, since the extent of mineralization has not been fully assessed on the property.

The project’s 2023 PEA presents a distinctly different development strategy from a prior PEA published in 2017. By proposing a heap leach project using solvent extraction-electrowinning instead of the previously detailed mine with a conventional mill and flotation concentrator, McEwen Copper aims to decrease its environmental footprint and reduce permitting risk, albeit with a lower overall copper recovery, slightly higher unit costs and a delay in immediate cashflow due to extended leach cycles.

After securing a $25 million investment from mining giant Rio Tinto’s technology arm, Nuton LLC, McEwen Copper closed its non-brokered, private placement offering of $82 million in August 2022. Shortly after, in February 2023, Nuton agreed to invest an additional $30 million into McEwen Copper, and in October 2023, Nuton once again expanded its stake, investing an additional $10 million to bring its ownership position in McEwen Copper to 14.5%.

“We are extremely pleased to have Nuton’s strong continued participation in McEwen Copper,” Rob McEwen stated in a news release. “Together we are exploring new technologies that save energy, water, time and capital in the pursuit of delivering green copper to Argentina and the world, a product that will contribute to the electrification of transportation and the protection of our atmosphere.”

Also in February 2023, FCA Argentina S.A., a subsidiary of Stellantis N.V., one of the world’s leading automakers, invested ARS $30 billion in McEwen Copper. In October 2023, Stellantis invested an additional ARS $42 billion, bringing its current stake in McEwen Copper to 19.4%.

“We are delighted to have Stellantis as a partner in the future development of our Los Azules copper project,” Rob McEwen said of the investment. “Together, we share a vision to build a mine for the future based on regenerative principles that can achieve net-zero carbon emissions by 2038.”

Following the capital raise, McEwen Copper is well-funded to advance its Los Azules Project, with a Feasibility Study planned for Q1 2025. MUX strategically reduced its interest to increase its treasury, in order to reduce debt and fund the further development of its gold and silver assets.

Gold & Silver Projects

The Fox Complex

McEwen Mining owns a 100% stake in the Fox Complex in the heart of a prolific gold district in Timmins, Canada.

“When MUX bought the Fox Complex, in late 2017, it was a distressed asset with a history of high operating cost/oz. While it has taken longer than I expected, the cost to produce an ounce of gold is significantly lower,” CEO Rob McEwen stated in a news release.

McEwen Mining issued 2024 guidance for its cash cost/oz at the Fox Complex of $1,225-1,325 on annual production of 40,000-42,000 GEOs. Fox Complex produced 44,450 GEOs in 2023, which was within the company’s guidance range.

Located in one of the most prolific gold production areas in the world, along the Destor-Porcupine Fault Zone within the Abitibi Greenstone Belt, the Fox Complex includes the Black Fox mine and Froome mine which together have yielded over 1,000,000 ounces of gold to date. Also, the complex includes the Grey Fox and Stock deposits that have over 1,800,000 ounces in gold resources. The 2.7-billion-year-old Abitibi Greenstone Belt, formed by ancient volcanic activity, has proved to be one of the world’s richest and most abundant gold regions, with a total gold content currently estimated at over 300 million ounces.

In 2024, MUX commenced development of underground ramp access to the Stock orebodies at the Fox Complex. This development will become the primary source of feed following the completion of mining the Froome deposit in 2026. As part of the future mining sequence initiative, the company has already reported a 31% year-over-year increase of gold resources at Stock West and Stock Main (historical Stock Mine), with confirmation of good grading structures plunging to depth. It has also identified Stock East as a potential new near-term source of future revenue.

The Gold Bar Mine

McEwen Mining owns a 100% stake in the Gold Bar mine, located in an area well known for gold production, the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The Gold Bar mine is on the same geological structure, 25 miles south of Nevada Gold Mines, a Barrick-Newmont joint venture, part of the Cortez-Goldrush complex. This complex contains estimated reserves and resources of over 50 million gold ounces, with an annual production of 1,000,000 gold ounces.

Gold Bar had been mined between 1991 and 1994, producing 134,000 gold ounces. A new facility was built by MUX in 2019. Gold Bar accounted for 42,700 GEOs in 2023, within the company’s guidance for the year. For 2024, McEwen Mining issued guidance of 40,000-43,000 at a cash cost of $1,450-1,550. The first half of the year is expected to deliver higher production relative to the second half, due to a scheduled waste stripping phase in the Pick pit, in preparation for the 2025 mining program.

Notably, in April 2024, McEwen Mining announced its entry into a definitive agreement and plan of merger with Timberline Resources Corporation (TSX.V: TBR) (OTCQB: TLRS) in a transaction valued at roughly $18.8 million. The merger with Timberline is expected to augment McEwen’s existing portfolio of development and exploration projects in Nevada, leveraging synergies between Timberline’s projects and the Company’s Gold Bar mine.

El Gallo/Fenix

Project Fenix is the proposed redevelopment plan for McEwen Mining’s El Gallo Complex in Mexico. There is a long history of mining in this region. MUX began operating it as an open pit, heap leach mine in 2013, which produced 281,000 gold equivalent ounces at average cash cost of $655 per ounce. Due to the transition to deeper sulfide mineralization that is not amenable to heap leaching, mining activities ceased in the second quarter of 2018 and residual heap leaching followed until mid-2022. The redevelopment plan envisions constructing a mill at the existing mine site that will initially reprocess the existing heap leach material, then transition to open pit mining and processing of the sulphide mineralization. The company recently acquired a complete process plant on very advantageous terms that has considerably reduced the projected capital requirements for the project.

CEO Rob McEwen stated in a news release, “This acquisition has made Fenix more attractive to build and could provide a new long life mine for McEwen Mining.”

The initial development approach is to build a mill to reprocess the material on the heap leach pad and produce approximately 17,000 oz of gold annually for eight years. Construction of the Fenix project is expected to begin in the second half of 2024.

San José Mine

McEwen Mining is a 49% owner and non-operator of the San José gold and silver mine, located in Santa Cruz province, Argentina, encircling Newmont’s prolific Cerro Negro (approx. 300,000 gold ounces produced in 2023). This high-grade underground mine has been operating since 2007 and currently has an expected life of six years with a reserve grade of 296 gpt silver and 5.4 gpt gold.

Exploration is continuing to extend high-grade veins and discover new veins at the complex. San José’s drilling programs to define additional resources and reserves have a long history of success due to a high vein density, aided by good geophysical response from hidden veins.

Production guidance for 2024 for MUX’s 49% interest is 50,000-60,000 GEOs. As a minority shareholder in the mine, MUX equity accounts for its investment in San José, and receives 49% of the dividends from the mine’s free cash flow.

Market Outlook

Mining stocks suffered significant losses in the wake of the COVID-19 pandemic. However, this has turned, and many analysts now forecast a gold bull market in 2024 and beyond.

“The operating challenges we faced in recent years have severely damaged our credibility with our shareholders and the market. As a result, few investors have taken a close look recently at our assets,” Rob McEwen said in a news release. “If they did, I believe some would see the potential value that I see today… I believe there is considerable potential value in MUX, and that is a big reason why I have a personal financial commitment of $220 million in MUX and McEwen Copper.”

Management Team

Robert R. McEwen is Chairman, CEO and Chief Owner of McEwen Mining. He has been associated with the gold industry all his career, with his first 18 years in the investment industry and, since 1990, as CEO of several gold mining companies. He founded Goldcorp and took that company from a $50 million market capitalization to more than $8 billion. He owns 17% of McEwen Mining and is in complete alignment with investors – his investment in MUX and McEwen Copper is $220 million and he takes an annual salary of only $1. He was awarded the Order of Canada and the Queen Elizabeth’s Diamond Jubilee Award, was inducted into the Mining Hall of Fame, was named an Ernst and Young Entrepreneur of the Year and has Honorary Doctor of Law degrees from York University and Western University.

William Shaver is interim COO and a Director of McEwen Mining. He has decades of management and executive experience in mine design, construction and operations. He was a founder of Dynatec Corporation, which became one of the leading contracting and mine operating groups in North America. In 2013, he was recognized as Ernst and Young Entrepreneur of the Year. Most recently, he served as COO of INV Metals. He is a Professional Engineer with a B.Sc. in Mining Engineering from Queens University.

Perry Ing is interim CFO at McEwen Mining. He has 25 years of experience in the Canadian mining industry. Over the past 15 years, he has held positions as CFO of Mountain Province Diamonds, Kirkland Lake Gold and McEwen Mining. Prior to that, he worked at Barrick Gold and Goldcorp and started his career in the mining practice at PwC. He has a Bachelor of Commerce from the University of Toronto and is a Chartered Professional Accountant in Canada and Certified Professional Accountant in the U.S.

Adrian Blanco S. is the company’s Director of Operations for America and Mexico. He has extensive international experience in several industrial sectors and has held executive positions in Mexico, the United States, Peru and Argentina. He joined the McEwen Mining team in 2015 and has led a successful business transformation toward operational discipline, best business practices and financial profitability at subsidiaries Compañia Minera Pangea and McEwen Mining Nevada. He graduated from an Executive Management Program at IPADE and Harvard Business School.

Michael Meding is Vice President and General Manager of McEwen Copper. He has over 20 years of international experience, primarily with major mining companies such as Barrick Gold and Trafigura, including extensive experience with project development and operations in Argentina. While at Barrick Gold’s Veladero mine in Argentina, Mr. Meding played a key role in the turnaround, extension of the mine life and subsequent strategic partnering with Shandong Gold. He holds an MBA from Indiana University in Pennsylvania and an MBA from the Leipzig Graduate School of Management in Germany.

McEwen Mining Inc. (NYSE: MUX), closed Wednesday's trading session at $9.99, off by 1.1869%, on 667,354 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $5.92/$12.50.

Recent News

FingerMotion Inc. (NASDAQ: FNGR)

The QualityStocks Daily Newsletter would like to spotlight FingerMotion Inc. (NASDAQ: FNGR) .

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has announced its financial results for the second quarter of fiscal 2025 for the period ended Aug. 31, 2024. Among the highlights, the company reported quarterly revenue of $8.46 million (including telecommunications products and services, SMS and MMS business, and command and communication), a decrease of $0.82 million or 9% compared to Q2 of fiscal 2024. "While Q2 2025 presented challenges for our company, we are encouraged by the continued growth in our Cloud business segment," said Martin Shen, CEO of FingerMotion. "Although our overall gross margin decreased compared to Q2 2024, we saw a positive shift in our product mix, with increased revenue from our higher-margin Cloud services. We are confident in our ability to optimize our product mix and improve our gross margin performance in the future."

To view the full press release, visit https://ibn.fm/cco1G

FingerMotion Inc. (NASDAQ: FNGR) is an evolving technological company with core competencies in mobile payment and recharge platform solutions in China. FingerMotion is in the process of developing additional value-added technologies to market to users.

Founded in 2016, FingerMotion’s goal is to serve over a billion users in the Chinese market and expand its model to other regional markets. The company has offices in Hong Kong, Shanghai and New York City.

Current Offerings

FingerMotion is analyzing and transforming mobile data to improve the lifestyle of the public through technology and innovation. The company’s current offerings include:

  • Telecommunications Products and Services – FingerMotion’s proprietary universal exchange platform, ‘PigeonHole Integration System (PIS)’, offers seamless integration between telecom operators and online stores. The service platform’s offerings include top up and recharge, data plan, mobile phone, loyalty points redemption and subscription plans. The platform offers reliable and secure transactions, real-time reconciliation, simple integration for partners and efficient settlements.
  • SMS and MMS Services – The integrated platform is registered as FingerMotion’s IP in China and provides a robust back-end control panel for corporate partners to manage their own messaging settings. FingerMotion’s clients range from insurance to financial industries, ecommerce firms, airlines and more. The platform offers competitive pricing for partners and provides quick and efficient review to meet timely marketing initiatives.
  • Big Data Insights – FingerMotion brings Big Data-enabled insurance solutions through its Big Data Insights arm, Sapientus. The company’s strategic partnerships with the largest Chinese telecommunications giants allow access to uncover behavior insights through geolocation and mobile data usage. Its Big Data offerings include risk scoring, precise marketing, simplified underwriting and customized products.
  • Rich Communication Services (RCS) – FingerMotion’s RCS platform will be a proprietary business messaging solution that enables businesses and brands to communicate their services to customers via 5G infrastructure. The company expects its RCS platform to offer a better user experience, more efficiency and cost-effectiveness when compared to other solutions.

Telecommunications and Insurtech Markets

The global telecommunications market was valued at $1.74 trillion in 2019 and is expected to grow at a CAGR of 5% from 2020 to 2027. The steady increase is expected to be driven by the adoption of 5G and the increased popularity of Internet of Things (IoT) applications.

The Chinese telecom market was valued at $254.1 billion in 2017 and is also constantly expanding. The current Chinese telecom market is dominated by three mobile operators – China Mobile, China Unicom and China Telecom, which together are responsible for around 1.6 billion active subscribers (https://ibn.fm/zfwy9).

In addition, the insurtech (insurance technology) market was valued at $2.72 billion globally in 2020 and is expected to grow at a CAGR of 48.8% from 2021 to 2028. The large increase is attributed to the rising use of technology solutions for everyday activities like acquiring insurance coverage (https://ibn.fm/TGo7D).

Through its proprietary platforms and technologies, FingerMotion is uniquely positioned to capitalize on the telecom and insurtech markets’ growth and opportunities.

Management Team

Martin J. Shen is the Chief Executive Officer of FingerMotion Inc. He has over 15 years of experience in senior management roles within entrepreneurial startups and large multinational corporations. He has acquired a wide range of corporate management, financial oversight and operation administration expertise through these roles. In his most recent role, he founded Imperial Distributors (formerly known as AP Martin Pharmaceutical Supplies Ltd.), establishing the company as the preferred choice for distributional support to regional pharmacies throughout Western Canada. Before founding Imperial, Mr. Shen served as the Chief Operating Officer and Chief Financial Officer at Wales and Son Industrial (formerly Weir Minerals), a firm specializing in global delivery and support for mining slurry equipment. He began his career at PricewaterhouseCoopers in Vancouver, with work tours in the tax department in Singapore and the tax audit and advisory group in Hong Kong. Mr. Shen is a U.S. Certified Public Accountant and holds a Bachelor of Science from the University of British Columbia.

Lee Yew Hon is the company’s Chief Financial Officer. From 2006 until November 2020, he was the Chief Financial Officer of Cubinet Interactive Group of Companies, and he also took on the Chief Operating Officer role in 2011. During his tenure, he was instrumental in leading Cubinet and building teams across the Southeast Asia region, setting up financial processes within a short time. Mr. Lee spearheaded the growth of Cubinet to other regions, including Europe, the Middle East and Russia. He received his diploma from Tunku Abdul Rahman College in 1996. He is a Chartered Accountant, a member of the Malaysia Institute of Accountants (MIA) and an Associate Member of the Chartered Institute of Management Accountants, UK (ACMA).

Li Li is the Senior Vice President of FingerMotion. She recently served as Advisor to Shenzhen WuYiKa Technology Co. Ltd., a comprehensive service platform dedicated to online service distribution and payment. The company has become a fast and efficient provider of new media marketing solutions for the mobile internet. She has held high-level management positions with multiple industry names, including Hangzhou JiuYue Information Technology Co. Ltd. and Hangzhou LingXuan Information Technology. Ms. Li started her career in 2004, founding Shanghai ChuangYeZZ Network Technology Co. Ltd. and serving as its Vice President. With the close cooperation of local operators, the company launched SMS, MMS, WAP, mobile JAVA games, Hunan Satellite TV e-magazine and other wireless internet services to meet the rapid development of wireless internet and application requirements. She received her degree from Nanjing Academy of Engineering.

FingerMotion Inc. (FNGR), closed Wednesday's trading session at $2.1, off by 1.6393%, on 261,167 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $1.63/$7.25.

Recent News

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF)

The QualityStocks Daily Newsletter would like to spotlight Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF).

Over the last couple of years, Germany has observed a significant drop in retail gold investment. In 2022, the European country was the second largest market for the precious metal's investment, generating 185 tons of net gold coin and bar demand. Last year, this figure dropped dramatically to 47 tons. In the first half of 2024, retail investors in Germany purchased only 5 tons of the precious metals. A recently conducted online survey carried out by Toluna, which involved more than 3,000 investors in Germany, sought to determine what may have affected retail investment in the last two years. The survey determined that despite the decline in retail investment, gold was still a popular investment in the country, with 37% of the investors having invested in or held the precious metal at some point. Most of the investors surveyed also revealed that they would invest in gold again in the future, with geopolitical risks, possible future returns and dropping rates of interest influencing the likelihood of future investments in the precious metal. This interest in investing in gold shows entities such as Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) that despite the observed dip in the number of Germans investing in gold, the appeal of the precious metal is still high and more money could flow into gold investments for years to come.

Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) is a publicly traded exploration and mine development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec.

The company has an option to acquire a 99% interest in the highly prospective Iska Iska Property, classified as a silver-tin polymetallic epithermal-porphyry complex, a significant mineral deposit type in the Potosi Department of southern Bolivia. Iska Iska is a road-accessible, royalty-free property.

Eloro also owns an 82% interest in the La Victoria Gold/Silver Project, located in the North-Central Mineral Belt of Peru, some 50 kilometers south of Barrick’s Lagunas Norte Gold Mine and Pan American Silver’s La Arena Gold Mine. La Victoria consists of eight mining concessions and eight mining claims encompassing approximately 89 square kilometers. La Victoria has good infrastructure, with access to road, water and electricity, and is located at an altitude that ranges from 3,150 meters to 4,400 meters above sea level.

The company has a strong management and technical team working diligently to uncover the value of both Iska Iska and La Victoria. Eloro is based in Toronto, Canada.

Projects

Iska Iska – Potosi, Bolivia

Iska Iska is associated with a Miocene possibly collapsed/resurgent caldera, emplaced on Ordovician age rocks with major breccia pipes, dacitic domes and hydrothermal breccias. The property is wholly controlled by the title holder, Empresa Minera Villegas S.R.L. It is located 48 kilometers north of Tupiza city, in the Sud Chichas Province of the Department of Potosi. This is an important mineral deposit type in the prolific South Mineral Belt of Bolivia. Eloro commissioned a NI 43-101 Technical Report on Iska Iska, which was completed by Micon International Limited and is available on Eloro’s website and under its filings on SEDAR.

A fully financed drill program is currently underway on the property, situated near world-class deposits including Silver Sand, San Bartolomé, Pulacayo, San Cristobal, San Vicente, Chorolque, Tasna, Choroma and Siete Suyos. Iska Iska is in the southwest part of the Eastern Cordillera, which hosts a number of major polymetallic mines and mineral deposits. Drilling and continuous channel sampling results have demonstrated some very high metal values, especially silver and tin, within an immense system, where mineralization has been encountered in every drill hole to date. The company believes there is excellent potential for world-class bulk mineable deposits.

La Victoria – Ancash, Peru

The La Victoria project, targeting gold and silver production, is situated near world-class, low-cost gold producers Pan American Silver and Barrick Gold Corporation. Located in Ancash Department, La Victoria sits on the western slopes of the Peruvian Andes. The property is located 12 hours from Lima, with a travel distance of 600 kilometers. The nearest road accessible population centers from La Victoria are Huandoval, Pallasca and Cabana. The project includes four principal mineralized zones in Peru’s prolific North-Central Mineral Belt – San Markito, Victoria, Victoria South and Ccori Orcco – with excellent potential for gold discovery. Operations at La Victoria are planned to proceed with a 2,000-meter diamond drilling program to test targets to outline potential resources at San Markito. Trenching and sampling confirmed high silver values and veins at San Markito in 2020.

Market Outlook

According to industry association The Silver Institute, the outlook for silver demand is exceptionally promising, with global demand forecast to rise to a record high of 1.112 billion ounces in 2022. The increase will be driven by record silver industrial fabrication, which is forecast to improve by 5%, as silver’s use expands primarily in solar energy and electric vehicle (EV) manufacturing. The institute states that government commitments to carbon neutrality have resulted in a rapid expansion of green energy projects, driving record photovoltaic panel installations which are expected to lift silver demand in this segment to an all-time high in 2022.

Rising demand in the electronics industry is also boosting the demand for tin, which is primarily used in solder. The electronics and electrical industries use solders containing 40-70% tin, which provide strong and reliable joints under a variety of environmental conditions. At present, the majority of the assemblers are using patented tin-and-copper-based solders. Mordor Intelligence estimated tin demand at 387 kilotons in 2021 and forecasts demand growth of 2.5% annually through 2027. Over the medium term, surging demand from the EV market and increasing applications in the electrical and electronics industry is expected to drive the market.

Management Team

Thomas G. Larsen is CEO of Eloro. He has more than 40 years of experience in the investment industry, specializing in corporate finance and management of junior resource companies, raising in excess of C$200 million. He previously held the position of President and Chief Executive Officer of Champion Iron Limited. Prior to that, he was President and Chief Executive Officer of Champion Iron Mines Limited.

Dr. Bill Pearson is Executive VP of Exploration for Eloro. He has more than 40 years of direct experience in the exploration and production of minerals worldwide. He played an integral role in the acquisitions of Desert Sun Mining Corp. by Yamana Gold in 2006 and Central Sun Mining by B2 Gold in 2009. He was formerly VP Exploration at Desert Sun Mining and Senior VP at Central Sun Mining.

Miles Nagamatsu, CPA, is CFO at Eloro. He has over 30 years of experience in accounting, management, lending, restructurings and turnarounds. Since 1993, he has acted as a CFO of public and private companies primarily in the mineral exploration and investment management sectors. He holds a Bachelor of Commerce degree from McMaster University.

Osvaldo Arce Burgoa is General Manager at Eloro. He is a geological and mineral processing engineer with 26 years of experience in Bolivia. He is a former President of the Bolivian Geological Society, Main Technical Advisor of the National Mining Corporation (COMIBOL) and has served as exploration manager and chief geologist at various mining and exploration companies. He has authored two books on Bolivian geology and holds a doctorate in mining engineering from Tohoku University in Sendai, Japan.

Eloro Resources Ltd. (OTCQX: ELRRF), closed Wednesday's trading session at $0.69827, off by 4.5558%, on 65,850 volume. The average volume for the last 3 months is and the stock's 52-week low/high is $0.569/$1.915.

Recent News

Torr Metals Inc. (TSX.V: TMET)

The QualityStocks Daily Newsletter would like to spotlightFathom Torr Metals Inc. (TSX.V: TMET) .

Torr Metals (TSX.V: TMET) Torr Metals Inc. (TSX-V: TMET.V) has commenced a large-scale surface exploration program at its 100%-owned Filion Gold Project in northern Ontario. The 2024 program will expand on previous soil sampling efforts, covering untested historical geophysical conductors and gold occurrences, with the goal of uncovering significant new gold deposits. Utilizing advanced LiDAR technology, the company discovered 17 unreported trenches and 18 new rock outcrops, enhancing the project's exploration potential. With exploration permits in place, Torr Metals is poised to begin drilling high-priority targets, aiming for a major grassroots gold discovery along the 42 km structural corridor.

To view the full press release, visit https://ibn.fm/Aja18

Torr Metals Inc. (TSX.V: TMET) operates as a mineral exploration company focusing on the identification, acquisition, and advancement of mineral properties. With full 100% ownership of over 1,000 square kilometers of gold and copper projects strategically positioned in premier low-cost mining jurisdictions, Torr is poised for substantial returns across various promising regions.

The company’s extensive portfolio encompasses multiple district-scale projects, including the Filion Gold Project in northern Ontario, the Kolos Copper-Gold Project in south-central British Columbia, and the Latham Copper-Gold Project in northern British Columbia. These projects are all located in prolific mining regions with paved highway access, robust support infrastructure, and favorable geological conditions offering significant potential for new discoveries.

Headquartered in Vancouver, British Columbia, Torr Metals is ideally situated to leverage its expertise and resources for continued exploration and growth.

Projects

Kolos Copper-Gold Project

Situated within British Columbia’s prime copper-producing belt, the 140-square-kilometer Kolos Copper-Gold Project exhibits Nicola Belt geology similar to notable porphyry mines, including Copper Mountain and Highland Valley, respectively situated 106 kilometers to the south and 30 kilometers to the northwest.

With field operations based in the nearby city of Merritt and year-round access provided via Highway 5, the Kolos Project showcases substantial discovery upside potential with five defined large-scale copper-gold-molybdenum anomalies untested by drilling.

Torr Metals’ primary focus lies in unlocking the potential for major new discoveries at the Kolos Copper-Gold Project, with recent surface geochemical results marking a significant milestone positioning the company as a new key player in the region.

Filion Gold Project

The 261-square-kilometer Filion Project is situated within a largely unexplored greenstone belt where gold was initially discovered in the 1930s. With a comparable geological setting to regional orogenic gold deposits and multiple newly identified and undrilled gold trends in surficial geochemistry, the Filion Project holds significant district-scale exploration promise.

The Filion Project benefits from unparalleled infrastructure access, with direct drive-on access from the Trans-Canada Highway, as well as a regional railway and power grid four kilometers to the south. Additionally, the nearby town of Kapuskasing, with a population of 8,300, provides essential support services.

This strategic positioning ensures the Filion Project’s viability for cost-effective, year-round operations in an area poised for untapped discovery potential.

Latham Copper-Gold Project

Situated in British Columbia’s renowned Golden Triangle, the Latham Project spans a vast 689-square-kilometer district, offering immense potential for multiple major discoveries. Accessible year-round via Highway 37, just 20 kilometers south of the town of Dease Lake, the site is strategically located amidst established mining infrastructure, including the active Red Chris mine to the southeast and upcoming major porphyry projects at Schaft Creek and Galore Creek along-trend to the southwest.

Highlighted by the Gnat Pass copper-gold porphyry deposit dating back to the 1960s, the Latham Project presents a compelling opportunity for significant expansion and potential discovery. A non-compliant indicated resource at the Gnat Pass deposit includes 33 million tonnes at 0.39% copper, open beyond 200 meters vertical depth, alongside six drill-ready kilometer-scale copper-gold exploration targets.

Moreover, the Latham Project’s appeal corresponds to the region being an attractive destination for major asset acquisitions and takeovers. Recent transactions within a 40-kilometer radius include Newmont’s 2021 acquisition of the Saddle North copper-gold porphyry deposit for $311 million and Newcrest’s investment in the Red Chris copper-gold porphyry deposit in 2019 for $804 million, underscoring industry acknowledgment of the region’s potential.

Market Opportunity

The World Gold Council, the industry association for the world’s gold producers, estimated in 2023 that the physical financial gold market, which is made up of bars, coins, gold ETFs and central bank reserves, is worth nearly $5 trillion.

The council reports that gold mine production adds approximately 3,500 tons of the precious metal to the world’s supply annually, equivalent to about 2% growth. This historical scarcity and relatively slow production of new supply, as compared to other commodities, is a primary reason gold has retained its value for millennia, according to the council.

Likewise, a report from Acumen Research and Consulting, a global provider of market intelligence and consulting services, valued the global copper market at $304.1 billion in 2022 and forecast that it will reach a market size of $496.8 billion by 2032, growing at a CAGR of 5.1% over the forecast period.

The report identifies a growing demand for copper in the electronics industry, as well as an expanding copper supply due to increasing production from existing mines and the rising number of mine development projects in developing nations, as driving factors in the rising value of the copper market.

Management Team

Malcolm Dorsey, P.Geo., is President, CEO and Director of Torr Metals. He brings over a decade of expertise as a seasoned exploration geologist and project developer, having been pivotal in driving the success of numerous diverse projects across North, Central, and South America. His comprehensive background spans early-stage exploration through to resource development and project acquisitions. His academic credentials include an M.Sc. in Geology and Geophysics from the University of Calgary, where his research characterized the district-scale structural influences affecting copper and gold mineralizing events in western British Columbia. Prior to his current role, he served as Senior Geologist for Benchmark Metals, where his contributions were instrumental in advancing the company’s gold equivalent resource from approximately 80,000 ounces to a maiden resource estimate of 2.92 million ounces.

John Williamson, P. Geol., is Chairman and Director of Torr Metals. He is a mining executive and investor with more than 30 years of experience as a founder, promoter and leader in the formation, financing and operation of private and public companies with exploration and mining interests worldwide. On more than one occasion his team’s efforts have been recognized for excellence by being named to the TSX Venture 50. He holds a B.Sc. in Geology and is a registered Professional Geologist (P.Geol.) with the Association of Professional Engineers and Geoscientists (APEGA) and the Geological Association of Canada.

Torr Metals Inc. (TSX.V: TMET), closed Wednesday's trading session at $0.095, off by 5%, on 21,500 volume. The average volume for the last 3 months is 12,832 and the stock's 52-week low/high is $0.035/$0.195.

Recent News

Software Effective Solutions Corp. (OTC: SFWJ)

The QualityStocks Daily Newsletter would like to spotlight Software Effective Solutions Corp. (OTC: SFWJ).

Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ), a leading global infrastructure holding company focused on the pharmaceutical-grade cannabis industry, today announced that its Colombian subsidiary is in negotiations with an Australian pharmaceutical company to supply medical-grade cannabis. The agreement is expected to generate between $100,000 and $200,000 in monthly revenue once operations begin. MedCana's CEO, Jose Gabriel Diaz, emphasized the significance of this deal in the company's ongoing global expansion aimed at meeting the rising demand for high-quality cannabis products.

To view the full press release, visit https://ibn.fm/5syZ8

Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ) is a global infrastructure and holding company in the cannabis industry. MedCana currently has five companies focused on pharmaceutical cannabis production, as well a software company focused on managing processes for plant-to-patient operations. The recent acquisition of an irrigation and greenhouse technology company has rounded out MedCana’s portfolio of holdings.

MedCana’s focus is on developing clients and companies in Latin America, initially in Colombia, and partnerships with laboratories, research facilities and hospitals throughout the world. MedCana is building the technology, laboratories, growing facilities and scientific teams to provide premium pharmaceutical-grade cannabis extracts to the world.

MedCana’s goal is to be the world’s premier resource for pharmaceutical cannabis products. The company believes its advantage is its global view and reach. From initial cultivation to final product, MedCana aims to help partners produce pharmaceutical CBD and other extracts that will have no equal.

The company’s mission is to utilize its technology to partner with and develop companies that provide premium pharmaceutical-grade cannabis extracts with absolute integrity, sustainability and social responsibility. MedCana’s team of pharmaceutical scientists includes some of the most respected chemists in the world. They aim to ensure that the company’s customers and partners create premium cannabis extracts that meet the growing worldwide demand. MedCana’s software is designed to ensure traceability and quality from seed to finished product.

MedCana is headquartered in Austin, Texas, with offices in Colombia.

Production

MedCana announced in May 2023 the beginning of full-scale production of non-THC cannabis for export to Europe in response to high demand in that market. This expansion comes after the successful completion of full crop cycle testing and infrastructure development at production sites in Columbia.

The recent acquisition of the assets of Tokan Corp., a software company focused on creating an enterprise resource planning (ERP) platform for the cannabis industry, and Eko2O S.A.S., a greenhouse and irrigation engineering company, has positioned MedCana for explosive growth in the region.

As a MedCana subsidiary, Eko2O SA will increase the company’s revenue potential in Central and South America. The subsidiary specializes in the construction and distribution of greenhouses and sophisticated irrigation platforms. A positive outlook has resulted from the company’s expansion as it investigates new opportunities for greenhouse and irrigation system installations in Panama and Uruguay. These opportunities are expected to accelerate Eko2O’s development and strengthen its position as a top supplier of innovative agricultural solutions in cannabis and other sectors that are quickly moving to high technology agricultural production.

In addition, MedCana has started talks with the government in Argentina about possible incentives for beginning operations in that country as part of its ongoing worldwide development strategy. Support from the Argentinean government and the start of new operations there would greatly increase MedCana’s market share in Latin America and solidify the company’s position as the market leader in the cannabis industry.

Market Opportunity

According to a report by Grand View Research, a San Francisco-based market research and consulting company, the global cannabis extract market was valued at $3.5 billion in 2022 and is expected to expand at a CAGR of 20% from 2023 to 2030 to be worth more than $15 billion.

Growing demand for cannabis extracts, including oils and tinctures, and the increased legalization of marijuana for the treatment of different chronic ailments like arthritis, Alzheimer’s, anxiety and cancer are driving the expansion of the industry. The marijuana derivative industry is flourishing due to a greater understanding of its various medical benefits.

Management Team

Jose Gabriel Diaz is CEO of MedCana. He has successfully built, grown and sold multiple telecom companies. He was senior vice president of sales at IP Communications, a national high-speed data provider. He also founded Reallinx, a national data carrier later sold to GTT Communications. Additionally, he is currently president of the A.E.M. Business and Entrepreneurship Association in Austin, Texas.

Claudio Jiménez Cartagena, QF, Ph.D. is Chief Scientific Officer at MedCana. He joined MedCana after working with Sosteli Pharma as Technical Director and serving as a director consultant for the Corporation for Agricultural Industrial Development at the University of Antioquia in Colombia. Before that, he worked as the scientific director at the Institute of Food Science & Technology. He holds a bachelor’s degree in pharmaceutical chemistry, a master’s degree in basic biomedical sciences and a doctoral degree in Environmental Engineering from the University of Antioquia.

Julián Alberto Londoño Londoño, Ph.D., is Senior Vice President of Operations at MedCana. He previously served as general manager for the Corporation for Agricultural Industrial Development, and as Chief Scientific Officer at Sosteli Pharma in the Resource Management Department. He has developed multiple U.S. patents, and recently served as senior advisor to the Secretariat of Agriculture Development for the Government of Antioquia. He holds a doctorate in Chemical Sciences from the University of Antioquia.

Software Effective Solutions Corp. (OTC: SFWJ), closed Wednesday's trading session at $0.022, off by 8.3333%, on 27,050 volume. The average volume for the last 3 months is 30,352 and the stock's 52-week low/high is $0.000001/$0.09.

Recent News

GivBux Inc. (OTC: GBUX)

The QualityStocks Daily Newsletter would like to spotlightFathom GivBux Inc. (OTC: GBUX) .

GivBux Inc. (OTC: GBUX) is a publicly traded super app and charitable giving platform. The company is creating a sharing economic community of brands and consumers in which consumers have an easier and more convenient way to shop and buy, merchants have a more efficient and profitable way to advertise, and charities receive built-in contributions from the community’s transactions.

The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly at over 100 national retailers, along with an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed toward a charity of their choice, embodying GivBux’s commitment to giving back. Additionally, the app is evolving to include numerous functionalities like social networking, e-commerce, banking, messaging, food delivery and transportation, following the super app model.

GivBux is forging a new path in charitable giving, with aspirations to build the largest community of givers in the United States, and eventually globally. The company believes it is uniquely positioned to make a major contribution to society by overlapping the worlds of commerce and philanthropy.

The GivBux Super App is currently available for free on the Google Play Store and the Apple App Store.

The company is headquartered in Newport Beach, California.

Products

The company, through wholly owned subsidiary GivBux Global Partners Inc., is engaged in the fintech mobile wallet sector, specifically as a point-of-sale payment system by means of a consumer mobile wallet. GivBux uses smartphone technology to bridge consumers and merchants together without the need for traditional plastic cards or paper cash.

The GivBux mobile app has been designed to store, send and receive funds; donate; and make real-time purchases at top retail brands, restaurants and other venues. The brands benefit, because they are empowered with a data-rich marketing tool to reach and retain consumers through their mobile phones.

With GivBux, recipients can use funds instantly by paying with their mobile phones at thousands of locations. GivBux rewards all users for using the app every time they make a purchase and every time their friends, friends of friends and stranger friends make purchases with the GivBux mobile wallet. These rewards can be redeemed for cash to pay at participating retail stores, restaurants, cinemas, entertainment venues and more.

Moreover, GivBux allows users to contribute to a charity or worthy cause of their choice. To encourage giving and recommendations, a trending ‘Top 10 List’ of all charities will be generated and displayed on the mobile wallet based on ongoing contributions by GivBux users.

Market Opportunity

A report from Future Market Insights, a New York-based market research organization, estimated the worldwide mobile wallet market at $9.5 billion in 2023. The report projects that in 2024 the industry is likely to reach a valuation of $11.9 billion, and, by 2034, the mobile wallet market is forecast to grow to a value of $138.5 billion, achieving a CAGR of 27.8% over the forecast period.

Key market growth drivers include payment convenience, transaction security and continuing technological innovation. The report points out that mobile wallet payments are widely accepted worldwide, fueled by a rise in digital transactions and a growing use of mobile phones for simple and effective payment options. Innovations like blockchain integration, contactless payments and artificial intelligence are improving functionality and user experience while staying ahead of rapidly evolving digital payment trends, according to the report.

Management Team

Umesh Singh is President and Director at GivBux. He is a Certified Professional Accountant (Canada) with more than 25 years of experience in accounting and finance. He began his career at PwC before joining Hayes Stuart Little & Company (now Grant Thornton), where he was Senior Accountant-Manager and later Partner. Prior to being named GivBux president, he was a member of the GivBux Advisory Board for more than three years.

Michael Arnkvarn is Vice President of International Business Development at GivBux. He has over 30 years of experience in management, sales and marketing. He managed several medium and large agribusiness and environmental businesses before founding Collagenna Skin Care Products, a natural health products and cosmetics company, in 2004. He has been CEO of multiple public small-cap companies and co-founder of a start-up cannabis company that eventually sold for more than $800 million.

GivBux Inc. (OTC: GBUX), closed Wednesday's trading session at $0.57, up 60.5634%, on 500 volume. The average volume for the last 3 months is 1,251 and the stock's 52-week low/high is $0.20005/$1.67.

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The QualityStocks Daily Newsletter brings you the latest company News and Profiles featuring the "Top Movers and Shakers" from the Small Cap Market each trading day. QualityStocks is committed to bring our subscribers Public companies in our Newsletter Section "Free of Charge" based on Percentage gained, Momentum, Press, and or Company Fundamentals.

Why do we spotlight companies for Free?
We Want To bring our subscribers the top movers in an unbiased setting.

"Homework Eliminates Mistakes"
Please never invest in a company anyone profiles unless you do the proper research and due diligence.

QualityStocks is compensated by the companies in The QS Company Corner. These companies will include a disclaimer with the amount and term of compensation.

Please consult the QualityStocks Market Basics Section on our site.

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ActionStockPicksAgressive StocksBetting On Wall StreetGreen Car StocksGreen Energy StocksHomeRunStocksInvestorBrandWireQStocksStock BeatsStockTipsStocks To Buy NowTerrificStocks

About The QualityStocks Daily

The QualityStocks Daily Newsletter brings you the latest company News and Profiles featuring the "Top Movers and Shakers" from the Small Cap Market each trading day. QualityStocks is committed to bring our subscribers Public companies in our Newsletter Section "Free of Charge" based on Percentage gained, Momentum, Press, and or Company Fundamentals.

Why do we spotlight companies for Free?
We Want To bring our subscribers the top movers in an unbiased setting.

"Homework Eliminates Mistakes"
Please never invest in a company anyone profiles unless you do the proper research and due diligence.

QualityStocks is compensated by the companies in The QS Company Corner. These companies will include a disclaimer with the amount and term of compensation.

Please consult the QualityStocks Market Basics Section on our site.