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First Quantum Receives Approval for Cobre Panama Preservation Program
ZACKS· 2025-06-02 17:16
Core Insights - First Quantum Minerals Ltd. (FQVLF) announced that its subsidiary Minera Panamá received government approval for its Preservation and Safe Management program at the Cobre Panamá mine, allowing the company to proceed with essential preservation and environmental measures [1][9] - The program will be funded through the export of 121,000 dry metric tons of copper concentrate stockpiled at the site, reinforcing FQVLF's commitment to sustainability and responsible resource management [2][9] - The company agreed to discontinue one arbitration proceeding and suspend another related to the Cobre Panamá mine, marking progress in resolving outstanding issues since the mine's shutdown in December 2023 [3][4] Company Operations - The Cobre Panamá mine was suspended following a Supreme Court ruling that deemed the operating contract unconstitutional, leading to a halt in operations due to a blockade affecting supply deliveries [5][6] - In December 2023, Panama's trade and industry ministry ordered the cessation of all activities related to the extraction and processing at the Cobre Panamá mine, which accounted for approximately 40% of FQVLF's revenues and 1.5% of the global copper supply in 2022 [7] Stock Performance - FQVLF's shares have increased by 16.8% over the past year, contrasting with a 26.2% decline in the industry [8]
Is D-Wave Quantum a Millionaire-Maker Stock?
The Motley Fool· 2025-06-02 10:15
Core Viewpoint - The technology sector, particularly quantum computing, presents significant investment opportunities, exemplified by D-Wave Quantum's remarkable stock performance and growth potential [1][4][12]. Group 1: Industry Overview - The launch of OpenAI's ChatGPT initiated the generative AI industry, and there are indications that quantum computing may be the next transformative technology [2]. - Quantum computing aims to solve complex calculations rapidly using qubits, which can exist in multiple states simultaneously, distinguishing it from generative AI [3]. Group 2: Company Profile - D-Wave Quantum - D-Wave Quantum, founded in 1999, is notable for being the only company selling commercially available quantum computers, utilizing quantum annealing technology [5][6]. - The company has received backing from prominent figures, including Jeff Bezos and In-Q-Tel, enhancing its credibility in the tech space [5]. Group 3: Recent Achievements - D-Wave's Advantage2 computer recently outperformed the Department of Energy's Frontier supercomputer, generating significant interest in its stock [8][9]. - The company reported a 500% year-over-year revenue increase in Q1, reaching $15 million, attributed to the sale of its Advantage quantum annealing system [10]. Group 4: Financial Health - Operating losses decreased from $17.5 million to $11.3 million, indicating potential for sustainable profitability if growth continues [11]. - D-Wave holds $304.3 million in cash and equivalents, providing a strong financial cushion to support ongoing operations [11].
1 Quantum Computing Stock That Has Crushed the S&P 500 Index This Year -- Should Investors Jump Aboard or Run for the Hills?
The Motley Fool· 2025-05-31 09:05
Core Viewpoint - The S&P 500 index has experienced volatility in 2025, remaining flat year-to-date as of May 29, despite a significant drop of nearly 20% from late February highs, with some sectors, particularly quantum computing, showing strong performance [1][2]. Quantum Computing Sector - Quantum computing is gaining attention as it utilizes qubits to solve complex problems that classical computers struggle with, offering potential for significant advancements in technology [2][3]. - D-Wave is a leading company in the quantum computing space, with its stock rising over 95% this year, driven by the launch of its sixth-generation Advantage2 quantum computing system [7][8]. D-Wave's Innovations - The Advantage2 system boasts a 40% higher energy scale, double the coherence time, and four times less noise compared to its predecessor, enhancing its accuracy and performance [9]. - D-Wave's recent sale of its first quantum computer for approximately $15 million significantly boosted its revenue, increasing over fivefold year-over-year, while also reporting a smaller net loss [10]. Market Position and Future Outlook - D-Wave currently has a market capitalization of around $5.5 billion, indicating that investor expectations for future progress are already reflected in its stock price [11]. - The potential of quantum computing to transform industries is acknowledged, but the timeline for achieving mainstream, cost-effective, and reliable technology remains uncertain [11][12].
Quantum Adds LTO-10 to Scalar Tape for Highest Capacity and Scale
ZACKS· 2025-05-30 14:51
Quantum Corporation (QMCO) has announced full support for LTO Ultrium Generation 10 full-height tape drives across its leading Scalar tape library platforms—including Scalar i7 RAPTOR, Scalar i6 and Scalar i6000. This advancement cements Quantum’s role at the forefront of scalable, cyber-resilient and cost-efficient archival storage solutions.What Does LTO-10 Offer?LTO-10 provides unmatched data density with native capacities of 30 TB per LTO-10 cartridge (up to 75 TB compressed at a 2.5:1 ratio). When comb ...
Quantum Critical Metals Advances Mineralogy and Metallurgy for James Bay Projects
Thenewswire· 2025-05-30 13:10
Vancouver, BC – TheNewswire - May 30, 2025 – Quantum Critical Metals Corp. (TSX.V: LEAP | OTCQB: ATOXF | FSE: 86A1) ("Quantum" or the "Company") is pleased to announce it has entered into a nondisclosure agreement with a specialized processing and hydrometallurgy laboratory to initiate metallurgical testing for its Discovery and NMX East projects, located in the Eeyou Istchee James Bay region of Québec.Key Developments: Significant Critical Metals Discoveries A detailed reassessment of drill core assays ...
Quantum BioPharma Receives $2.35 Million USD from a Mutually-Agreed Global Legal Settlement with Dr. Raza Bokhari
GlobeNewswire News Room· 2025-05-30 11:00
TORONTO, May 30, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) (“Quantum BioPharma” or the “Company”), announced today that the Company and Dr. Raza Bokhari, Company’s former Executive Chairman and Chief Executive Officer (CEO), have reached a global settlement agreement (the “agreement”) to settle all and any disputes originating out of the proxy contest originally commencing January 2021. Mr. Zeeshan Saeed, Co-Chairman & CEO, and Mr. Anthony Durkacz, Co-Chairman of ...
This Company's CEO Said It Wants to Become the Nvidia of Quantum Computing. Should You Buy the Stock Now?
The Motley Fool· 2025-05-30 08:55
It's a bold statement, but if he's right, the stock would generate life-changing investment returns.Nvidia (NVDA 3.23%) is arguably the face of the artificial intelligence (AI) industry. The stock has generated enormous investment returns because the company's AI accelerator chips became the overwhelming leader in an emerging market that has shown explosive growth over the past several years.In the search for the next emerging market, some are pointing to quantum computing as technology's next great frontie ...
Quantum Computing Inc. Set to Join Russell 2000® and Russell 3000® Indexes
Prnewswire· 2025-05-29 12:30
Core Viewpoint - Quantum Computing Inc. (QCi) is set to join the Russell 3000® Index and the Russell 2000® Index, effective June 30, 2025, marking a significant milestone in the company's growth and visibility among institutional investors [1][3]. Company Overview - Quantum Computing Inc. is an innovative company specializing in integrated photonics and quantum optics technology, providing accessible quantum machines and TFLN foundry services [4]. - The company's products are designed to operate at room temperature and low power, focusing on affordability and unique capabilities in high-performance computing, artificial intelligence, cybersecurity, and remote sensing applications [4]. Industry Context - The Russell 3000 Index includes the largest 3,000 U.S. public companies by market capitalization, while the Russell 2000 Index is a subset focused on small-cap companies [2]. - As of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell US indexes, which are widely utilized by investment managers and institutional investors [3].
Quantum Biopharma Licensee Celly Nutrition Retains Leading Audit Firm MNP LLP to Advance Capital Raise and Go-Public Readiness and Changes Name To Unbuzzd Wellness Inc.
GlobeNewswire News Room· 2025-05-29 11:30
Core Viewpoint - Quantum BioPharma Ltd. announces the hiring of MNP LLP for PCAOB audits of Unbuzzd Wellness Inc. in preparation for a potential IPO, following the resignation of the previous auditor [1][2][3] Group 1: Company Developments - Unbuzzd Wellness Inc. has changed its name from Celly Nutrition Corp. effective May 23, 2025, with new CUSIP and ISIN numbers assigned [4] - The company is a non-trading but fully reporting public issuer focused on wellness and recovery supplements, specifically the unbuzzd beverage that aids in alcohol metabolism [8][9] - Unbuzzd has been scientifically validated through a double-blind, randomized, placebo-controlled clinical trial, demonstrating its effectiveness in accelerating alcohol metabolism and reducing hangover symptoms [9] Group 2: Financial and Audit Information - MNP LLP, a PCAOB-registered audit firm, has been engaged to conduct audits for Unbuzzd Wellness Inc. to ensure compliance and readiness for a possible IPO [2][3] - The previous auditor, Stern & Lovrics LLP, resigned at the company's request, and MNP was appointed based on the audit committee's recommendation [1][3] - There were no reservations or modified opinions in the previous auditor's reports, indicating a clean audit history for the most recent financial year [3] Group 3: Leadership and Strategic Direction - John Duffy, CEO of Unbuzzd Wellness Inc., emphasizes the importance of MNP's engagement in adhering to industry standards and preparing for the IPO [3] - Gerry David, Board Co-Chair, highlights the completion of PCAOB audits as a crucial step in raising capital and considering an IPO [3] - Quantum BioPharma retains a 20.11% ownership stake in Unbuzzd Wellness Inc. and is entitled to royalty payments from unbuzzd sales until a total of $250 million is reached [6]
Jim Cramer Says This Quantum Computing Stock Is 'So High' And 'Too Speculative'
Benzinga· 2025-05-28 12:05
Group 1 - IonQ, Inc. is considered "too speculative" and is losing significant money, according to Jim Cramer [1] - IonQ formed a strategic partnership with the Korea Institute of Science and Technology Information to advance South Korea's quantum technology goals [1] - Oklo Inc. is viewed as being "five years behind" GE Vernova, leading to a preference for GE Vernova over Oklo [1] Group 2 - Valero Energy reported first-quarter sales of $30.26 billion, exceeding analyst expectations of $28.68 billion [2] - Cramer prefers Phillips over Valero Energy, suggesting Valero has already seen too much growth [2] - Verona Pharma is described as a "rocket ship" but is also highly speculative due to significant losses and insider selling [2] Group 3 - Centrus Energy reported better-than-expected first-quarter revenue results [3] - Cramer advises caution regarding Centrus Energy, recommending GE Vernova instead [3] Group 4 - Valero Energy shares increased by 1.7% to $130.71 [4] - IONQ shares rose by 5.1% to $48.04 [4] - Verona Pharma shares gained 0.7% to $75.61 [4] - Centrus Energy shares surged by 12.9% to $127.86 [4] - Oklo shares jumped by 10.3% to $53.90 [4]