Native Mineral Resources raises $3.4M to fuel expansion and gold production
Full story: https://grafa.com/news/mining-native-mineral-resources-raises--3-4m-to-fuel-expansion-and-gold-production-307786 Native Mineral Resources (ASX:NMR) has raised $3.4 million from sophisticated and institutional investors via a private placement. The move sees the issuance of 86,593,281 fully paid ordinary shares at 4 cents per share, representing a 14.3% premium to the last closing price. The company also plans to launch a non-renounceable entitlement offer to raise an additional $15.9 million. The initiative will allow existing sharehol
Premier1 Lithium to raise $1.5M via entitlement offer
Full story: https://grafa.com/news/mining-premier1-lithium-to-raise--1-5m-via-entitlement-offer-307817 Premier1 Lithium (ASX:PLC) plans to raise capital through a non-renounceable pro-rata entitlement offer. The offer allows eligible shareholders to subscribe to five new shares for every six shares held, priced at $0.008 each, including one new option for every three new shares issued. The offer is scheduled to close on Dec. 17, though the company reserves the right to modify this date. The initiative is pa
Russia increases gold reserves to $207.7B in October
Full story: https://grafa.com/news/cryptocurrencies-russia-increases-gold-reserves-to--207-7b-in-october-308321 Russia’s central bank reported that its gold reserves have reached a record $207.7 billion in October, marking a significant rise in the share of gold within the nation’s total international reserves. According to the Bank of Russia, gold now accounts for 32.9% of the country’s overall reserves, up from 31.5% in September. This level is the highest since November 1999 when gold’s share was 34%. Historically, the highest proportion of gold in Russia's
Deutsche Telekom joins Meta Pool to boost NEAR blockchain
Full story: https://grafa.com/news/cryptocurrencies-deutsche-telekom-joins-meta-pool-to-boost-near-blockchain-307734 Deutsche Telekom MMS has teamed up with Meta Pool, marking its role as the first major telecom company to operate a validator node on the NEAR (CRYPTO:NEAR) blockchain. This strategic partnership aims to enhance network security and decentralisation, propelling NEAR’s capabilities to new heights. The collaboration is part of Meta Pool’s Enterprise Node Operator (ENO) program, whi
Full story: https://grafa.com/news/cryptocurrencies-fed-rate-cut-likely-as-election-approaches-297907 As the 2024 U.S. presidential election nears, financial markets are closely watching the Federal Reserve’s upcoming rate decision, scheduled just two days after Election Day on November 7. According to the CME’s Fedwatch tool, there is a 99% probability of a quarter-point cut in the federal funds rate, a key benchmark influencing interest rates nationwide. This anticipated cut reflects widespread market expectations based on futures data, although it’s impor
Aussie regulator drags Optus to ourt over alleged misconduct in mobile sales
Full story: https://grafa.com/news/communications-aussie-regulator-drags-optus-to-ourt-over-alleged-misconduct-in-mobile-sales-298617 Australia's competition watchdog, the Australian Competition and Consumer Commission, has filed a lawsuit against Optus, owned by Singapore Telecommunications, alleging misconduct in the sale of mobile phones and plans, particularly targeting vulnerable customers. The ACCC claimed that Optus' sales practices had a "disproportionate" impact on consumers and were allegedly influenced by commission structures
MicroStrategy plans $42B raise to boost Bitcoin holdings
Full story: https://grafa.com/news/cryptocurrencies-microstrategy-plans--42b-raise-to-boost-bitcoin-holdings-298183 MicroStrategy (MSTR) unveiled a new capital strategy on Wednesday, aiming to raise $42 billion over the next three years to increase its Bitcoin (CRYPTO:BTC) holdings and enhance shareholder returns. According to the company’s Q3 earnings report, the “21/21 Plan” consists of generating $21 billion through ATM equity sales and another $21 billion from fixed-income securities. “As
Russia warns of global impact if frozen assets are used
Full story: https://grafa.com/news/cryptocurrencies-russia-warns-of-global-impact-if-frozen-assets-are-used-294212 Russia has cautioned that utilising its frozen financial assets could lead to significant disruptions in the global financial system. Deputy Finance Minister Ivan Chebeskov emphasised that leveraging these assets would have "profound systemic consequences" for international monetary stability. He warned that the increased use of the US dollar as a tool in economic conflicts could prompt developing nations to seek alternatives for tr