REE Automotive Ltd. (REE) shares soared 11% in the last trading session to close at $6.18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.1% gain over the past four weeks. REE's shares are rising after it inked a deal with a major supplier to the automotive industry. Recently, REE Automotive entered into a strategic agreement with Motherson Group. Per the agreement, Motherson will manage supply chain operations and assist REE ...

REE Automotive Ltd. (REE) , a commercial EV developer and manufacturer, and Motherson Group, a manufacturer of automotive components, have announced a strategic agreement. Under this contract, Motherson will handle the sourcing and supply chain management for production parts and assist REE in assembling REEcorner and REE P7 electric trucks, the first fully by-wire, software-driven medium-duty electric trucks, on the market. Additionally, Motherson will nominate a director to join REE's board. In conjunctio ...

Motherson is a global engineering and manufacturing specialist and one of the world's leading automotive suppliers. For FY24, it achieved gross revenue of USD 17.2 billion1. The group employs over 190,000 people in its 400 facilities spanning across 44 countries. Combining Motherson's manufacturing expertise and supply chain might with REE's market-leading software-defined EV product line-up promises to create a dominant new force in the electrified commercial vehicle market globally, allowing REE to provid ...

Core Viewpoint - Volt Carbon Technologies Inc. has initiated its 2024 exploration program at the Mount Copeland property, focusing on Rare Earth Elements (REE) and Molybdenum, with promising targets identified for sampling and analysis [1][2]. Exploration Program Overview - The exploration program will concentrate on sampling the tailings pond, which is believed to contain REE mineralization, and re-sampling the West extension, which previously showed good width and elevated REE levels [2] - The program aims to recover resources efficiently through targeted sampling and laboratory analyses, leveraging the geologically favorable conditions of the Mount Copeland property [2]. Historical Data and Potential - Historical geochemical analyses indicate significant REE and Niobium (Nb) potential across various zones, with notable findings from previous drilling and rock samples [3] - A 2010 geochemical analysis reported high-grade REE concentrations, including 13.1% Cerium (Ce), 10.2% Lanthanum (La), and 1.77% Neodymium (Nd) from a sample taken 400 meters east of the King Resources molybdenum mine site [3]. Qualified Persons Statement - The technical content of the news release has been reviewed by Andris Kikauka, P.Geo., a Qualified Person with over 30 years of experience in mineral exploration [8]. Update on Flow-Through Financing - The July 22, 2024, news release indicated adjustments to Finder Warrants, with the exercise price now set at $0.05 [9]. Company Overview - Volt Carbon is a publicly traded company focused on carbon science, energy storage, and green energy, with mining claims in Ontario, Quebec, and British Columbia [10].

REE's P7-C software-defined Class 4 electric vehicles are now available for purchase in all 50 states through a 4-year contract awarded to National Auto Fleet Group Sourcewell is a government agency dedicated to streamlining the procurement process by fulfilling the bidding requirements on behalf of their members REE is ready to take orders immediately from this new customer base TEL AVIV, Israel, July 30, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provi ...

In consideration for the Acquisition, the Company has paid to VRR $1,000,000 in cash, and issued to them 4,000,000 common shares (the "Shares") of the Company on the following basis: 500,000 Shares are issued and subject to resale restrictions ending November 20, 2024; 1,500,000 Shares are subject to resale restrictions ending July 19, 2025; 1,500,000 Shares are subject to resale restrictions ending July 19, 2026; and 500,000 Shares are subject to resale restrictions ending January 19, 2027. About the Hecla ...

REE Automotive Ltd. (NASDAQ:REE) Q1 2024 Results Conference Call May 30, 2024 8:30 AM ET Company Participants Brandon Friedman - Capital Markets Counsel Daniel Barel - Chief Executive Officer Yaron Zaltsman - Chief Financial Officer Joshua Tech - Chief Operating Officer Tali Miller - Chief Business Officer Conference Call Participants Craig Irwin - ROTH MKM Michael Shlisky - D.A. Davidson & Co. Jeff Osborne - TD Cowen Amit Dayal - H. C. Wainwright Operator Good day, and thank you for standing by. Welcom ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. REE Automotive shares have lost about 8.6% since the beginning of the year versus the S&P 500's gain of 10.4%. What's Next for REE Automotive? While REE Automotive has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers ...

Exhibit 99.1 REE Automotive Reports First Quarter 2024 Financial Results: Deliveries to Customers Have Begun Including to Penske, U-Haul and Airbus Q1 2024 and Recent Highlights: Business: Technology: ● P7-C is the first full by-wire truck to achieve U.S. FMVSS and EPA certifications. P7-C vehicles are now eligible for a U.S. federal tax credit of up to $40,000 per vehicle and are expected to be eligible for over $100,000 of incentives per vehicle with additional state incentives. TEL AVIV (May 30, 2024) – ...

TEL AVIV, Israel, May 30, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced its financial results and operational highlights for the three months ended March 31, 2024. "We started 2024 with strong momentum and catalytic milestones, from achieving U.S. certification to starting to deliver trucks against our order book as part of our demo program with our dealers acro ...