ANN ARBOR, Mich.--(BUSINESS WIRE)--VergeIO, the leading VMware alternative, today announced a partnership with Cirrus Data Solutions (CDS), a leader in data mobility technology and services, to help enterprises eliminate infrastructure sprawl—the costly mix of multiple hypervisors, duplicate tools, and isolated stacks, that has crept into data centers. The collaboration combines Cirrus Data's patented software-only data mobility technology with VergeOS, the industry's only single-codebase infra. ...

Core Insights - HyOrc Corporation has entered a joint venture with Start Lda to develop a national network of green methanol plants in Portugal, utilizing HyOrc's RDF-to-methanol technology [1][2] - The project aims to support Europe's transition from fossil fuels and aligns with decarbonization goals in shipping and heavy industry [2] Project Details - The initial phase will deploy a 35 Tons Per Day (TPD) launch unit in Porto, producing 8 TPD of methanol, with plans to scale to five full-scale sites, each processing 300 TPD of Municipal Waste to produce 80 TPD of green methanol [2] - Over a 10-year period, the project is projected to generate over $3.25 billion in total revenues, establishing a robust waste-to-fuel portfolio in Europe [3] Joint Venture Structure - The joint venture will have a 50/50 equity ownership structure, with HyOrc providing gasifiers, methanol technology, and project leadership, while Start Lda contributes land, permitting, and local infrastructure [8] - HyOrc retains intellectual property rights and appoints the Managing Director of the joint venture [8] Company Background - HyOrc Corporation specializes in developing advanced waste-to-methanol systems and hydrogen engines for various sectors, aiming to decarbonize hard-to-abate industries without relying on subsidies [5] - Start Lda focuses on waste processing, logistics, and clean fuel technologies, emphasizing sustainable practices and regional execution [7]

Core Viewpoint - Surge Battery Metals Inc. has entered into a non-binding letter of intent with Evolution Mining Limited to form a joint venture for the development of the Nevada North Lithium Project, aiming to advance lithium exploration and meet the growing demand for battery metals [1][9]. Joint Venture Details - The initial focus of the joint venture will be to complete a Preliminary Feasibility Study (PFS) to evaluate the NNLP's development potential [2]. - The joint venture agreement is contingent upon due diligence, regulatory approvals, and Surge completing an equity financing of at least CAD$3,000,000 [2]. - Surge will hold a 77% ownership interest in the joint venture, while Evolution will own 23% [3]. Contributions and Funding - Surge will contribute all its mineral claims and rights for the NNLP, while Evolution will contribute its 75% mineral interest in an 880-acre private land portion and additional rights in over 21,000 acres surrounding the NNLP [4][5]. - Evolution will fund up to CAD$10,000,000 for the PFS, which could increase its ownership interest to 32.5% if fully satisfied [6]. Management and Governance - The joint venture will be governed by an operating committee from both parties, with Surge acting as the manager as long as it holds more than 50% ownership [7]. - A detailed budget and schedule for the PFS will be prepared and agreed upon before entering into the joint venture agreement [7]. Project Background - The Nevada North Lithium Project is located in the Granite Range, Nevada, and has identified a mineralized zone of lithium-bearing clays with an inferred resource of approximately 8.65 million tonnes of Lithium Carbonate Equivalent (LCE) [15]. - The project has a reported after-tax NPV of US$9.17 billion and an after-tax IRR of 22.8% at a lithium price of US$24,000 per tonne [15].

Core Viewpoint - SuperX AI Technology Limited has formed a joint venture with Zhonhen Electric to create SuperX Digital Power, focusing on High-Voltage Direct Current (HVDC) solutions to address the high energy consumption of AI computing globally, excluding Mainland China, Hong Kong, and Macau [2][3][9]. Company Overview - SuperX AI Technology Limited is an AI infrastructure solutions provider, offering a range of products and services for AI data centers, including high-performance AI servers and HVDC solutions [11]. - Zhonhen Electric is a leading provider of HVDC technology in China, with established trust among major technology and telecom companies [6][10]. Joint Venture Details - The joint venture, SuperX Digital Power Pte. Ltd., aims to integrate Zhonhen Electric's HVDC technology with SuperX's AI infrastructure expertise, creating a comprehensive "Compute + Power" solution [3][8]. - This partnership is expected to enhance SuperX's capabilities, allowing it to offer a fully optimized solution from power-in to model-out, thereby gaining a competitive edge [13]. Technological Advantages - HVDC technology simplifies power distribution, reducing energy losses from approximately 10-15% in traditional systems to over 96% efficiency, significantly lowering operational expenditures [4][7]. - The new architecture allows for higher power density and a smaller footprint, potentially freeing up to 50% of facility space for additional AI servers [7]. Market Positioning - The collaboration positions SuperX to meet the urgent demand for energy-efficient AI data centers, providing a first-mover advantage in the global market [13]. - The partnership is seen as a strategic move to establish a new global standard for energy-efficient AI data centers, enhancing operational efficiency and reducing environmental impact [9].

Core Viewpoint - Robo.ai Inc. and Ewatt Aerospace have established a joint venture named RoVTOL in the UAE, focusing on the global deployment of electric vertical take-off and landing (eVTOL) aircraft, marking a significant advancement in smart mobility solutions [1][2]. Group 1: Joint Venture Details - RoVTOL will leverage Robo.ai's local capabilities and regulatory support in the Middle East, along with Ewatt's eVTOL technology and products, to create a competitive edge in the global market [2][3]. - Key management appointments include Benjamin Zhai as Chairman and Steven Wang as CEO of RoVTOL [1]. Group 2: Business Focus and Strategy - RoVTOL will concentrate on global sales of eVTOL aircraft, with an initial focus on advanced models such as ET1, ET2, ET3, and ET9, and plans to establish a localized assembly facility in the UAE [4]. - The joint venture aims to build a global sales network under the "RoVTOL" brand and adapt existing products for regional markets, particularly in the Middle East and Europe, utilizing a "Technology + Resources + Localization" model [4]. Group 3: Product Lineup - The future product lineup includes: - ET1: Features intelligent fully autonomous control suitable for various scenarios [5]. - ET2: A two-seat model designed for low-altitude operations and tourism [6]. - ET3-e: An all-electric version with ultra-long endurance for public safety applications [7]. - ET3-h: A hybrid version with strong adaptability for high-frequency operations [8]. - ET9: An electric passenger aircraft designed for urban air mobility and emergency rescue [9]. - Derivative models based on ET9 for unmanned operations and logistics [10]. Group 4: Leadership Statements - Benjamin Zhai emphasized the establishment of RoVTOL as a milestone for Robo.ai, aiming to position it as a key player in the eVTOL market and contribute to Dubai's vision of becoming a "World Smart City" [11]. - Ren Wenguang highlighted the complementary strengths of both companies in accelerating technological achievements into market competitiveness [11].

Core Insights - NANO Nuclear Energy Inc. has been awarded a $1.25 million Direct to Phase II Small Business Innovation Research contract by AFWERX to develop the KRONOS MMR™ Energy System for the Department of the Air Force [2][4] - The KRONOS MMR™ is a high-temperature gas-cooled microreactor designed to provide 15 MWe (45 MWth) of carbon-free power, emphasizing safety and resilience [3][4] - The company aims to establish itself as a vertically integrated nuclear energy provider across multiple business lines, including microreactor technologies and nuclear fuel fabrication [5][6] Company Overview - NANO Nuclear Energy Inc. is focused on advanced nuclear technologies and aims to be a diversified company with five business lines: microreactor technologies, nuclear fuel fabrication, transportation, space applications, and consulting services [5] - The company is developing several reactor products, including the KRONOS MMR™, a portable solid core battery reactor named "ZEUS," and the space-focused LOKI MMR™ [6] Strategic Partnerships and Initiatives - The partnership with AFWERX aims to streamline the innovation process for small businesses, enhancing the speed from proposal to award [2][11] - NANO Nuclear's subsidiary, Advanced Fuel Transportation Inc., is working on providing commercial quantities of High-Assay, Low-Enriched Uranium (HALEU) fuel to various sectors, including military and national laboratories [7][8] Technological Innovations - The KRONOS MMR™ features "walk-away safety," allowing it to shut down and remain safe without human intervention, and can operate autonomously during outages [3][4] - The design of the KRONOS MMR™ allows for multiple units to be deployed together to meet varying power requirements, enhancing operational flexibility [4] Market Position and Future Outlook - NANO Nuclear is positioned as the first publicly listed portable nuclear microreactor company in the U.S., indicating a pioneering role in the market [5] - The company is exploring commercial applications of its technology in space, focusing on power systems for extraterrestrial projects [9]

Core Viewpoint - Record Resources has formed a strategic joint venture with ReconAfrica to explore and develop oil and gas assets in Gabon, acquiring a production sharing contract for the Ngulu block, which is expected to enhance shareholder value and position the company as a significant player in West Africa's exploration and production sector [2][4][6]. Gabon Transaction and Asset Highlights - The joint venture will see Record Resources and ReconAfrica holding working interests of 20% and 55% respectively, with ReconAfrica as the operator [2][15]. - The PSC covers an area of 1,214 square kilometers, equivalent to approximately 54 Gulf of Mexico blocks, located in shallow offshore waters [5][9]. - The existing Loba oil field discovery, with a gross pay of 140 meters and potential production of approximately 20,000 barrels per day, provides low-risk appraisal and development opportunities [5][10]. - The consortium plans to conduct detailed geological studies, advance 3D seismic reprocessing, and drill one well during the initial four-year term [15][11]. Strategic Rationale - This transaction positions Record Resources in a producing hydrocarbon province, allowing for the development of a sustainable high-growth platform [6][8]. - The acquisition adds significant appraisal, development, and exploration potential to the company's portfolio, with near-term oil production expected to generate cash flow for further exploration [7][8]. Exploration Potential - The Ngulu block contains an extensive inventory of high-impact exploration projects, with 28 mapped prospects identified, which are analogous to play types found in the Gulf of Mexico [5][11]. - Advanced seismic reprocessing is planned to enhance imaging of prospects and reduce drilling risks, with a focus on the Lepidote Deep, Pompano Dentex, and Palomite complexes [12][13][14]. Industry Context - Gabon is a leading oil producer in Africa, with current production exceeding 220,000 barrels per day and proven reserves of approximately 2 billion barrels [17][18]. - The Gabonese government is committed to creating a favorable regulatory environment to attract investment in the oil and gas sector, which is crucial for the country's economic stability [17][18].

Core Insights - Apollo has committed €3.2 billion of equity to a joint venture with RWE, focusing on renewable energy and infrastructure in Germany [1][2] - The joint venture will support RWE's 25.1% stake in Amprion, a Transmission System Operator, enhancing Germany's energy infrastructure [2][3] - Apollo aims to accelerate investment activity in Europe, particularly in Germany, France, Italy, and the UK, with a target of deploying over $100 billion in Germany over the next decade [3] Company Overview - Apollo is a global alternative asset manager with approximately $840 billion in assets under management as of June 30, 2025 [5] - The company specializes in providing innovative capital solutions across various sectors, including investment grade credit and private equity [5] - Apollo's investment strategy focuses on delivering tailored capital solutions to leading global companies and essential infrastructure [3]

Core Insights - Gordon Brothers has established a $1.5 billion joint venture with Davidson Kempner Capital Management and secured a supporting lender finance facility with Wells Fargo [1][2]. Company Overview - Gordon Brothers aims to enhance its capital base to provide customized financing solutions for middle-market and large corporate clients in sectors such as construction, manufacturing, and transportation [2]. - The firm has launched a mid-ticket Commercial Equipment Finance offering, which complements its existing Structured Equipment Finance business, targeting companies facing operational or market challenges [4]. Partnership Details - The collaboration with Davidson Kempner and Wells Fargo is designed to deliver flexible and reliable equipment financing solutions, reinforcing Gordon Brothers' position as a comprehensive asset-based solution provider [3][5]. - Wells Fargo's Lender Finance team has a history of assisting entrepreneurs in launching specialty finance platforms, indicating a strategic alignment with Gordon Brothers' objectives [5]. Financial Background - Davidson Kempner Capital Management has over $35 billion in assets under management and extensive experience in serving various institutional clients [7]. - Wells Fargo, with approximately $2.0 trillion in assets, offers a diversified range of financial services, ranking No. 33 on Fortune's 2025 list of America's largest corporations [8].

Core Viewpoint - Ivanhoe Electric and Maaden have expanded their joint venture exploration efforts in Saudi Arabia by adding 1,345 square kilometers of new exploration licenses, enhancing their potential for mineral discoveries in the region [1][3]. Group 1: New Exploration Licenses - The new Musayna'ah Licenses cover 946 square kilometers and show strong Iron Oxide-Copper-Gold (IOCG) characteristics, indicating significant mineralization potential [2][3]. - The Mahd Area Licenses, totaling 399 square kilometers, are located adjacent to Maaden's Mahd Ad Dhahab gold mine, which has a long history of gold production and is known for its shallow gold mineralization [4][5]. Group 2: Exploration Technology and Strategy - The joint venture utilizes Ivanhoe Electric's Typhoon™ geophysical surveying technology, which has already surveyed approximately 510 square kilometers in 2025 and identified drill-ready targets [12][13]. - Plans for 2025 include an additional 4,000 meters of drilling and continuous surveying at the Wadi Bidah and Musayna'ah licenses, aiming to convert data into actionable exploration targets [12][14]. Group 3: Industry Context and Future Outlook - Saudi Arabia is positioned as a highly prospective area for mineral exploration, driven by its Vision 2030 initiative, which aims to make mining a key economic pillar [3][18]. - Maaden's commitment to expanding its mining operations aligns with the country's goal of developing the mining sector, which is expected to grow significantly over the next 18 years [18].