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LRN CLASS NOTICE: Stride, Inc. Securities Class Action Lawsuit is Pending, Investors Notified to Contact BFA Law by January 12
Newsfile· 2025-12-08 13:08
Core Viewpoint - A class action lawsuit has been filed against Stride, Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, titled MacMahon v. Stride, Inc., et al., No. 1:25-cv-02019 [3]. - Investors have until January 12, 2026, to request to be appointed to lead the case [3]. Group 2: Allegations Against Stride - Stride is accused of inflating enrollment numbers by retaining "ghost students" and failing to comply with employee background checks and licensure laws [4][5]. - The company claimed to be experiencing growth and high demand for its services, which is contradicted by the allegations of poor customer experience leading to higher withdrawal rates and lower conversion rates [4]. Group 3: Stock Performance Impact - On September 14, 2025, a report of the fraud allegations caused Stride's stock to drop by $18.60, or over 11%, from $158.36 to $139.76 per share [5]. - Following Stride's admission of poor customer experience on October 28, 2025, the stock plummeted by $83.48, or more than 54%, from $153.53 to $70.05 per share, with an estimated impact of 10,000-15,000 fewer enrollments [6].
SNPS CLASS NOTICE: Synopsys, Inc. Securities Class Action Lawsuit is Pending, Investors Notified to Contact BFA Law by December 30
Newsfile· 2025-12-08 13:08
Core Viewpoint - A class action lawsuit has been filed against Synopsys, Inc. and certain senior executives for securities fraud following a significant stock drop due to potential violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Northern District of California, captioned Kim v. Synopsys, Inc., et al., No. 3:25-cv-09410 [3]. - Investors have until December 30, 2025, to request to be appointed to lead the case [3]. Group 2: Company Performance - Synopsys provides design automation software products, with its Design IP segment being the fastest-growing, increasing from 25% of revenue in 2022 to 31% in 2024 [4]. - The company reported Q3 2025 results showing a revenue decline in the Design IP segment to $425.9 million, a 7.7% year-over-year decrease, and a net income of $242.5 million, down 43% year-over-year [6]. Group 3: Market Reaction - Following the Q3 2025 financial results, Synopsys stock fell from $604.37 per share to $387.78 per share, a decline of nearly 36% [6]. - The decline was attributed to customers requiring more customization for IP components, which negatively impacted the economics of the Design IP business [5][6].
FCX CLASS NOTICE: Freeport-McMoRan Inc. Securities Class Action Lawsuit is Pending, Investors Notified to Contact BFA Law by January 12
Newsfile· 2025-12-08 13:08
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [4]. - Investors have until January 12, 2026, to request to lead the case [4]. Group 2: Company Operations and Safety Claims - Freeport-McMoRan operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [5][6]. - The company had previously promoted its safety procedures, including the use of data and technology to prevent fatal incidents [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales, the stock fell by $7.69 per share (almost 17%) [8]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested the incident was preventable, further impacting investor confidence [11].
Olive Resource Capital Provides Update on Investments for November 2025
Newsfile· 2025-12-08 13:00
Core Insights - Olive Resource Capital Inc. reported a strong performance in November 2025, with significant increases in the values of gold and copper, leading to positive returns in their investment portfolio [3][4] - The company achieved a 126% increase in investment performance for the year 2025, recovering from losses in October [4] Investment Portfolio Summary - The total value of Olive's investment portfolio increased from $6.42 billion on December 31, 2024, to $14.53 billion by November 30, 2025, primarily due to stock price appreciation [3] - Key investments include: - Omai Gold Mines Corp.: Value decreased from $3.38 billion in September 2025 to $3.25 billion in November 2025 [3] - Sterling Metals Corp.: Value decreased from $1.63 billion in September 2025 to $1.25 billion in November 2025 [3] - Arizona Sonoran Copper Co.: Value increased from $581.4 million in September 2025 to $748.6 million in November 2025 [3] - Troilus Gold Corporation: Value increased from $610.68 million in September 2025 to $738.84 million in November 2025 [3] - The company holds 1 million common shares in treasury pending cancellation, with a total of 106,144,709 common shares outstanding [5] Market Context - The commodity complex experienced a strong month in November, with equities outperforming the underlying commodities, despite negative sentiment in the oil sector [3] - The company anticipates strong performance in the first months of the new year, which historically aligns with positive trends in the commodity market [4] Company Overview - Olive Resource Capital Inc. is a resource-focused merchant bank and investment company, primarily investing in natural resource companies at various stages of development [6]
Metalsource Mining Commences 1,600-Meter Drill Program at Silver Hill and Byrd-Pilot Projects
Newsfile· 2025-12-08 13:00
Core Viewpoint - Metalsource Mining Inc. has initiated a 1,600-meter diamond drilling program at its Silver Hill and Byrd-Pilot projects, aiming to explore and validate mineralization in these areas [1][4]. Group 1: Drilling Program Details - The drilling program will focus on near-surface mineralization that has not been explored with modern techniques, guided by historic underground mapping and recent sampling results [3][4]. - The program employs a dual-target approach, validating historic mineralization at Byrd-Pilot while targeting expansion at Silver Hill [4][7]. - The drilling operations are expected to continue through Q1 2026, with results released as they become available [7][13]. Group 2: Project Specifics - The Silver Hill Project, located in North Carolina, has a significant historical dataset, with mineralization extending to 550 meters from the surface, including recent surface sampling results of 444 g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn [8]. - The Byrd-Pilot Mountain Project has shown potential for a large epithermal or porphyry-related gold system, with mineralization open in multiple directions and oxidation noted down to 30 meters [9][13]. Group 3: Technical and Operational Aspects - The integration of magnetotelluric (MT) survey data will enhance subsurface characterization and support drill targeting [7][13]. - Boart Longyear has been engaged as the drilling contractor, and multiple drill sites have been prepared to ensure efficient program execution [7][13].
Stuhini Announces Retirement of Founder & Chairman David O'Brien from Board of Directors
Newsfile· 2025-12-08 13:00
Stuhini Announces Retirement of Founder & Chairman David O'Brien from Board of DirectorsDecember 08, 2025 8:00 AM EST | Source: Stuhini Exploration Ltd.Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Stuhini Exploration Ltd. (TSXV: STU) (OTCQB: STXPF) (WKN: A2PLBV) ("Stuhini" or the "Company") announces that David O'Brien did not stand for re-election at the Company's recent Annual General Meeting and has formally retired from the Board of Directors.Mr. O'Brien founded Stuhi ...
ImagineAR Announces Termination of Agreements for Niagara Immersive Center Project
Newsfile· 2025-12-08 13:00
Core Points - ImagineAR Inc. has announced the termination of agreements related to the Niagara Immersive Center project due to current economic and market conditions [1][2] - The termination is effective immediately, and no installation or development work had commenced under the agreements [3] - The Owner/Customer cited heightened economic uncertainty, increased financing risk, and tariff-related cost pressures as reasons for the project's infeasibility [2][3] - The Owner/Customer clarified that the termination does not reflect on ImagineAR's capabilities or professionalism [2] - There is a possibility for future engagement if economic conditions improve, but no commitment is implied [3] - Any previously paid non-refundable deposit will be credited towards a potential future engagement, subject to new agreement negotiations [4] - ImagineAR has confirmed that no outstanding obligations remain under the terminated agreements [4] Company Overview - ImagineAR Inc. is an augmented reality platform that allows businesses to create and implement AR immersive campaigns without requiring programming or technology experience [5] - The company’s subsidiary, FameDays, develops immersive entertainment centers that integrate AR/AI and interactive technology [5] - These large-scale venues aim to redefine storytelling by combining pre-rendered visuals, augmented reality overlays, and real-time interactivity [5]
Snow Lake Receives FIRB Approval for the Acquisition of Global Uranium and Enrichment Limited and its Investment in Ubaryon
Newsfile· 2025-12-08 12:30
Core Viewpoint - Snow Lake Resources Ltd. has received FIRB approval for the acquisition of 100% of Global Uranium and Enrichment Limited and a 21.9% interest in Ubaryon Pty Ltd, marking a significant step in expanding its capabilities in the nuclear fuel cycle [1][3][6]. Acquisition Details - The acquisition of Global Uranium and Enrichment Limited (GUE) was initially announced on October 6, 2025, and is expected to be completed in early 2026 [1][4]. - Snow Lake became a cornerstone 19.9% investor in GUE in March 2025 and is a joint venture partner to acquire 100% of the Pine Ridge Uranium Project in Wyoming [4][6]. Strategic Partnerships - Urenco has also received FIRB approval for a A$5 million investment in Ubaryon for a 13% interest, which is expected to assist in the commercialization of Ubaryon's technology [3][8]. - Ubaryon is developing a unique uranium enrichment technology that simplifies the enrichment process by eliminating the need for conversion and deconversion of uranium [9]. Industry Alignment - The development of U.S. focused capabilities across the nuclear fuel cycle aligns with U.S. Administration policies aimed at enhancing national, economic, and energy security [4]. - Snow Lake's investments in uranium assets and next-generation enrichment technology position the company strategically within the nuclear fuel supply chain [10].
Contango ORE and Dolly Varden Silver Announce Merger to Create a New North American High-Grade, Mid-Tier Silver & Gold Producer and Developer
Newsfile· 2025-12-08 12:30
Core Viewpoint - Contango ORE and Dolly Varden Silver have announced a merger to create a new North American high-grade, mid-tier silver and gold producer, referred to as MergeCo, which will leverage their complementary asset portfolios and enhance shareholder value [2][4]. Transaction Overview - The merger will be executed on a merger-of-equals basis, with existing shareholders of both companies owning approximately 50% of MergeCo on a fully diluted basis [3][15]. - MergeCo is expected to be renamed Contango Silver & Gold Inc. and will be led by a combined management team from both companies [3][11]. Strategic Rationale - The merger aims to create a well-funded North American asset portfolio, including the cash-flowing Manh Choh gold mine in Alaska and several high-grade silver and gold projects in British Columbia and Alaska [2][4]. - The combined entity will focus on low-capex Direct Shipping Ore (DSO) projects, leveraging existing infrastructure for development [10]. Financial Position - MergeCo will have over US$100 million in cash on hand, only US$15 million in debt, and significant annual cash flow from the Manh Choh gold mine [10]. - The combined market capitalization is expected to be approximately US$812 million (C$1.1 billion), enhancing trading liquidity and institutional ownership [10]. Asset Highlights - Key assets include the Manh Choh Mine, Lucky Shot Mine, Johnson Tract, and Kitsault Valley, all strategically located to support high-grade development [6][7][9]. - The Manh Choh Mine is noted for its high-grade reserves, with gold reserves estimated at approximately 8 grams per tonne and production of 173,400 gold ounces in the first nine months of 2025 [10][19]. Governance and Leadership - The board of directors for MergeCo will include members from both Contango and Dolly Varden, ensuring a diverse governance structure [3][11]. - Leadership will be provided by Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Mike Clark as Executive Vice President and CFO [3][11]. Regulatory and Approval Process - The transaction is subject to court approval and requires the affirmative vote of shareholders from both companies at special meetings expected in February 2026 [16][18]. - Major shareholders from both companies, holding approximately 22% of the outstanding shares, have entered into voting support agreements in favor of the merger [17].
Thunder Gold Phase Three Drill Results Demonstrate Broad, Consistent Mineralization at Tower Mountain
Newsfile· 2025-12-08 12:30
Core Insights - Thunder Gold Corp. announced complete results from the Phase Three drill program at the Tower Mountain Gold Property, indicating significant mineralization potential west of the Tower Mountain Intrusive Complex (TMIC) [1][3][23] - The drilling results confirm the scalability and continuity of mineralization, with all seven holes at the 3738 Target intersecting mineralization as predicted [3][11][23] Summary by Sections Drill Program Results - The Phase Three drilling program consisted of twelve holes totaling 2,164 meters, with an estimated cost of less than C$300 per meter [10][23] - At the 3738 Target, seven holes (1,633 meters) were completed, all intersecting mineralization at expected grades [3][11] - Significant intercepts included 1.83 g/t Au over 18.0 meters and 0.53 g/t Au over 181.5 meters among others [8][23] Mineralization Potential - The 3738 Target breccia channel measures 150 to 200 meters in true width and shows consistent gold grades, remaining open along strike and down dip [6][23] - The Bench-3738-Ellen trend covers an area of 800 meters x 200 meters x 300 meters, with only 30% drill-tested, indicating substantial resource expansion opportunities [6][23] Infrastructure and Cost Efficiency - The proximity to Thunder Bay and existing infrastructure allows for one of the lowest discovery costs in Canada, enhancing the project's economic viability [4][23] - Internal modeling suggests that the current mineralization can be extracted without impacting existing infrastructure routes [4][23] Future Exploration and Resource Estimates - All necessary exploration permits are valid through 2028, allowing for continued exploration and resource definition [6][23] - The results from Phase Three will be incorporated into a Mineral Resource Estimate being prepared by Micon International Ltd. [3][11] Company Overview - Thunder Gold Corp. is focused on advancing the Tower Mountain Project, which is characterized by its scale, consistency, and potential for a long-life, open-pit operation [41] - The company aims to unlock a discovery that could transform the gold project landscape in Canada, delivering long-term value for shareholders [42]