Full story: https://grafa.com/insights/mining-can-australia-s-lithium-industry-survive--271692 Australia produces lithium primarily from hard rock mining of spodumene deposits, not from lithium brine sources. But there is a big problem emerging, in that lithium brine production is more cost effective and more environmentally friendly than spodumene mining. Spodumene mining, a traditional method that involves extracting lithium from hard rock, often requires extensive land disruption, heavy machinery, and the generation of significant amounts of waste. Brine extract
SAIC (NYSE:SAIC) sees 2% revenue boost in Q2 fiscal 2025
Full story: https://grafa.com/news/united-states-saic--nyse-saic--sees-2--revenue-boost-in-q2-fiscal-2025-271188 Science Applications International Corporation (NYSE:SAIC) has disclosed its financial outcomes for the second quarter of fiscal year 2025, demonstrating steady growth amidst challenging market conditions. The defense contractor reported revenues of $1.82 billion, marking a 2% increase in organic growth. The company's net income was recorded at $81 million, with an adjusted EBITDA of $170 million, representing 9.4% of total revenues. Additionally,
NIO (NYSE:NIO) reports record Q2 vehicle deliveries, revenue spike
Full story: https://grafa.com/news/united-states-nio--nyse-nio--reports-record-q2-vehicle-deliveries--revenue-spike-271180 NIO (NYSE:NIO), a leading electric vehicle manufacturer, has announced its unaudited financial results for the second quarter of 2024, showcasing substantial growth in vehicle deliveries and revenue. For Q2 2024, NIO achieved total revenues of RMB17.446 million (approximately USD 2.401 billion), marking a striking 98.9% increase compared to the same period last year. This growth is primarily attributed to a significant rise in v
El Salvador reflects on Bitcoin adoption and future outlook
Full story: https://grafa.com/news/cryptocurrencies-el-salvador-reflects-on-bitcoin-adoption-and-future-outlook-268624 In a recent interview with TIME, Nayib Bukele, the President of El Salvador, shared his thoughts on the country's experience with Bitcoin (CRYPTO:BTC) since adopting it as legal tender. Bukele described the initiative’s outcomes as "net positive" but acknowledged that widespread adoption has not fully met initial expectations. While some Salvadorans and large businesses like McDonald’s have embraced Bitcoin for transactions, the extensi
China-based CSAM networks see alarming growth using crypto
Full story: https://grafa.com/news/cryptocurrencies-china-based-csam-networks-see-alarming-growth-using-crypto-268003 Chainalysis has reported a troubling rise in China-based networks distributing child sexual abuse material (CSAM), with these vendors now accounting for nearly 39% of global inflows in the first quarter of 2024. The report highlights the sophisticated use of cryptocurrency by these networks to facilitate illegal activities, marking a significant increase in crypto-related crime. The report notes a sharp increase in on-chain activity from
Agricultural Market Highlights: Orange Juice Prices Surge by 4.19%
Full story: https://grafa.com/news/economy-agricultural-market-highlights--orange-juice-prices-surge-by-4-19--265435 The top commodity gainers in recent trading include Orange Juice, which increased by 4.19%, followed by Sugar at 3.26%, and Oat at 3.19%. These commodities have shown notable positive price movements. The biggest losers in the commodities market are Lumber, which dropped by 2.96%, Wheat with a decline of 1.22%, and Wool, which fell by 0.98%.
Strike Energy (ASX:STX) granted production licence for West Erregulla gas field
Full story: https://grafa.com/news/business-news-strike-energy--asx-stx--granted-production-licence-for-west-erregulla-gas-field-261553 Strike Energy has been granted production licence L25 for the West Erregulla gas field by the Department of Energy, Mines, Industry, Regulation and Safety. The licence marks a significant milestone for the EP469 joint venture, in which Strike holds a 50% working interest and is the operator. The West Erregulla gas field, located in the North Perth Basin, holds an independently estimated gross of 452 PJ of 2P re
Volt Resources (ASX:VRC) raises $500,000 to bolster operations
Full story: https://grafa.com/news/business-news-volt-resources--asx-vrc--raises--500-000-to-bolster-operations-261653 Volt Resources announced a successful $500,000 capital raise by securing firm commitments via convertible notes from professional and sophisticated investors. The funds are set to refinance an existing loan, support the company's US downstream operations, and be used for general working capital and corporate purposes. The initiative aligns with Volt's fiscal discipline strategy that saw its net cash outflows significantly reduced from $9.5 mill
ZAN teams with Mysten Labs to boost Web3 infrastructure
Full story: https://grafa.com/news/zan-teams-with-mysten-labs-to-boost-web3-infrastructure-260615 ZAN, the web3 technology brand of Ant Digital Technologies, has partnered with Mysten Labs, a key contributor to the Sui blockchain, to advance the development and adoption of web3 infrastructure. The collaboration aims to integrate Sui into ZAN's ecosystem, accelerating the development of ZAN’s web3 applications with a focus on scalability and accessibility. Mysten Labs will lend its technological expertise in two critical areas: KYC infrastructure and RPC node services, which are ess
Gold Fields (NYSE:GFI) to acquire Osisko Mining for $1.57B
Full story: https://grafa.com/news/gold-fields--nyse-gfi--to-acquire-osisko-mining-for--1-57b-260181 Gold Fields (NYSE:GFI) has entered into a definitive agreement with Osisko Mining to acquire all issued and outstanding common shares of Osisko. This acquisition will grant Gold Fields a 50% interest in the Windfall Project in Canada, a joint venture with Osisko. Under the terms of the agreement, Gold Fields will purchase the Osisko shares at C$4.90 per share in cash, amounting to a total transaction consideration of approximately C$2.16 billion (US$1.57 billion) on a fully dilut