The Markets

Commodities

Indexes

SOL Global Increases Stake In McQueen Labs, Tokenizing Collector Cars On Solana Blockchain
  • SOL Global Investments has entered into a binding LOI to increase its stake in McQueen Labs Inc. (MCQ Markets), a platform focused on tokenizing high-value collector cars on the Solana blockchain, with an additional investment of $1.16 million
  • The deal brings SOL Global’s total McQueen holdings to 4,007,408 shares
  • The investment aligns with SOL Global’s commitment to real-world asset tokenization (RWA), marking another step in its strategy to expand exposure to Solana blockchain innovation. The transaction is expected to close on or about February 4, 2025.

SOL Global Increases Stake In McQueen Labs, Tokenizing Collector Cars On Solana Blockchain
  • SOL Global Investments has entered into a binding LOI to increase its stake in McQueen Labs Inc. (MCQ Markets), a platform focused on tokenizing high-value collector cars on the Solana blockchain, with an additional investment of $1.16 million
  • The deal brings SOL Global’s total McQueen holdings to 4,007,408 shares
  • The investment aligns with SOL Global’s commitment to real-world asset tokenization (RWA), marking another step in its strategy to expand exposure to Solana blockchain innovation. The transaction is expected to close on or about February 4, 2025.

Midnight Sun Mining Intersects High-Grade Copper In Zambia
  • Midnight Sun Mining has confirmed high-grade oxide copper at its Kazhiba Target in Zambia, with drill results including 10.69% copper over 21m and 5.60% over 26m
  • The company completed 54 drill holes, with mineralization remaining open for expansion; a follow-up drill program is planned for April 2025
  • Results strengthen the potential for near-term cash flow from oxide copper and align with the company's Cooperative Exploration Plan with First Quantum Minerals
  • Optimi Health Produces 4,000 GMP-Grade MDMA Capsules
  • Optimi Health has completed its largest MDMA capsule batch to date, producing over 4,000 GMP capsules, enough to treat 1,000+ patients
  • One-year stability data confirms a shelf life for its MDMA capsules, and a two-year stability program has been launched to further validate long-term quality
  • Optimi is expanding production to meet demand from Australia’s Authorized Prescriber Scheme, Canada’s Special Access Program, and a Phase 2 PTSD trial in Israel
  • Nuclear Fuels Discovers Two New Uranium Zones At Wyoming Property
  • Nuclear Fuels has discovered two new uranium zones at its Kaycee ISR Project in Wyoming’s Powder River Basin, with drill results indicating high-grade roll front-hosted mineralization
  • Follow-up drilling is set for May 2025 to further define the Outpost and Trail Dust Zones, as the company expands exploration across the project’s 35-mile trend
  • Nuclear Fuels has also been added to the Sprott Junior Uranium Miners ETF, highlighting increased investor interest in its ISR uranium development potential
  • Symbotic Signs $520 Million Robotics And Automation Deal With WalMart
  • Symbotic has completed its acquisition of Walmart’s Advanced Systems and Robotics business and signed a $520M Commercial Agreement to develop automation systems for Walmart’s Accelerated Pickup and Delivery (APD) centers
  • Walmart has committed to deploying systems for 400 APD centers, with the potential to expand, which could increase Symbotic’s backlog by over $5 billion and expand its addressable market by $300 billion in the U.S.
  • This deal strengthens Symbotic’s long-term relationship with Walmart, integrates store-level automation into its portfolio, and positions the company as a leader in retail supply chain automation
  • Atai Life Sciences Is Bringing DMT To Alcohol Use Disorder
  • atai Life Sciences reported promising Phase 2a results for BPL-003, a synthetic intranasal 5-MeO-DMT formulation, showing a single dose reduced alcohol use in patients with moderate to severe alcohol use disorder (AUD), with 50% maintaining complete abstinence for 12 weeks
  • 5-MeO-DMT, a fast-acting psychedelic compound, is known for inducing short but profound experiences, and BPL-003 is engineered to deliver these effects with a quick in-clinic duration of under two hours, making it more practical for therapeutic use
  • The study reinforces 5-MeO-DMT’s potential in addressing mental health and substance use disorders by rapidly altering cognition and behavior, with no severe adverse effects observed, and further research planned for both AUD and treatment-resistant depression in 2025
  • Jones Soda Is Coming For Convenience Stores, Secures 2,000 Locations
  • Jones Soda Co. is entering the convenience store market for the first time in its 30-year history, securing distribution in nearly 2,000 C-stores, including Circle K and DK Convenience Stores, with shelf resets beginning February 1
  • The launch includes new Fiesta Jones Latin-inspired sodas in resealable aluminum bottles, Pop Jones functional sodas, and classic Jones sodas in glass bottles, with distribution supported by Dot Foods, McLane, Core-Mark, and other partners
  • This initiative is part of Jones Soda’s five-year strategic growth plan, which also includes expansion of its cannabis brand, Mary Jones, into new legal markets like Missouri