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TNON

Tenon Medical has successfully raised approximately $2.6 million through a Series A Preferred Stock offering. The company used part of the proceeds to retire $1.25 million in secured debt.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:06 pm

LOCL

Local Bounti Corporation (NYSE:LOCL), a U.S. indoor agriculture company, announced it received a patent for its Stack & Flow Technology from the United States Patent and Trademark Office on February 13, 2024. This technology, utilized in four of its six growing facilities, combines vertical and greenhouse growing methods to enhance productivity and efficiency, offering superior unit economics across the production cycle. The technology allows for reduced facility square footage, lower capital and operating expenses, higher labor efficiency, and higher yield, positioning Local Bounti for competitive advantage in the market.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:04 pm

RIO

Rio Tinto PLC (NYSE:RIO) shares fell in premarket trading after reporting a 3% decline in sales revenue to $54.0 billion for FY23, slightly beating consensus but with a 12% decrease in underlying EPS to $7.25, missing expectations. Production increased in Pilbara iron ore and aluminium, but underlying EBITDA and operating cash flow declined due to lower aluminium pricing. The company announced a major renewable power purchase agreement in Australia and expects a production uplift and significant capital investment in the coming years.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 12:52 pm

IONS

Ionis Pharmaceuticals projects its full-year 2024 revenue to exceed $575M, below the consensus estimate of $635.31M. The company anticipates an adjusted operating loss of less than $(475)M and expects to have around $1.7B in cash, cash equivalents, and short-term investments.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:09 pm

SII

Sprott Inc. reported a 21% increase in management fees and a 32% rise in net income for the fourth quarter. The company's strong financial performance highlights its growing asset management business and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:04 pm

KRP

Kimbell Royalty Partners announced their Q4 run-rate daily production reached 24,332 barrels of oil equivalent per day, showcasing their operational performance.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 12:03 pm

PLL

Piedmont Lithium (NASDAQ:PLL) announced the sale of its entire stake in Sayona Mining (ASX: SYA), totaling 1,152.2 million shares at A$0.052/share, through Canaccord Genuity. The sale, generating approximately A$59.9 million (US$39.4 million), concludes Piedmont's shareholding in Sayona, without affecting its joint venture or offtake position with Sayona Quebec.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 11:53 am

DC

Dakota Gold Corp. (NYSE:DC) announced positive results from 12 additional drill holes at the Richmond Hill Gold Project in South Dakota, expanding mineralization in new areas and confirming historical resources. The results include significant findings such as 0.050 oz/ton gold over 140.5 ft, indicating a large block of previously unidentified mineralization.

Portfolio Pulse from Charles Gross

February 21, 2024 | 11:28 am

GD

General Dynamics Corporation (NYSE:GD) announced that its unit, General Dynamics European Land Systems – Steyr (GDELS), has won a contract to supply 225 PANDUR 6x6 EVO wheeled armored vehicles to the Austrian Armed Forces, valued at approximately $1.3 billion. This contract adds to an existing agreement for 100 PANDUR EVO vehicles. As of the end of December 2023, General Dynamics reported long-term debt of $8.754 billion and cash equivalents of $1.913 billion. The PANDUR EVO 6x6 is produced in Vienna and has been in service since 1996. The order includes various vehicle variants for different military tasks.

Portfolio Pulse from Nabaparna Bhattacharya

February 21, 2024 | 11:27 am

AER

BA

EADSY

AerCap Holdings N.V. (AER) has signed lease agreements with Thai Airways for a total of 17 aircraft, including four Airbus A350-900, three Boeing 787-9, and ten Airbus A321NEO aircraft. The lease is part of Thai Airways' short-term fleet development strategy, with deliveries spanning from 2024 to 2026.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:40 am