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Goldmining Inc. is set to advance the Rea Uranium Project in the Western Athabasca Basin, Canada, which the company owns 75% of, with the remaining 25% owned by Orano Canada. The project encompasses a large land area of approximately 125,328 hectares and is in proximity to world-class uranium deposits such as Fission Uranium Corp.'s Triple R deposit and NexGen Energy's Arrow deposit, both of which are currently in development.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 11:07 am

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Shares of cryptocurrency-related stocks have risen following a surge in the price of Bitcoin on Monday. Companies with a focus on cryptocurrency operations, such as mining and investment, have seen their stock prices increase in response to Bitcoin's price movement.

Portfolio Pulse from Charles Gross

December 04, 2023 | 10:27 am

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TSLA

The weekend news featured significant developments in the tech and finance sectors. Elon Musk and Bill Gates were named as potential buyers for Trump's Mar-a-Lago, with a price tag of up to $1 billion. Galaxy Digital CEO Mike Novogratz expressed a bullish outlook on Bitcoin, anticipating a price surge due to various factors including a potential spot Bitcoin ETF approval. Bill Ackman revealed a $10M investment in Elon Musk's private company, X. A Swedish strike could impact Tesla's labor relations, and Tesla warned that the EV tax credit for two Model 3 versions will drop to $3,750 next year.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 10:15 am

BTCUSD

Bitcoin (BTC) has surpassed $41,000, a level not seen since April 2022, prompting analysts to predict a 10% return on market-neutral strategies like the basis trade. This strategy involves buying Bitcoin in the spot market and selling futures at a premium. Deribit reports that futures contracts are trading at an 8% to 12% annualized premium, indicating potential returns in that range, excluding trading costs. The surge in Bitcoin's value, which has risen 54% since October 1, is attributed to several factors including the anticipated launch of spot-based ETFs in the U.S., geopolitical tensions, Binance's legal settlement, and increased institutional engagement. Despite the positive trend, some analysts, like ex-Ark Invest's Chris Burniske, expect the crypto market's momentum to slow down.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 8:22 am

ARBK

Argo Blockchain reported mining 145 Bitcoin or Bitcoin Equivalents in November, with a 5% increase in daily BTC production and a 25% increase in mining revenue to $5.30M compared to the previous month. The revenue boost was attributed to the rise in Bitcoin's price, and the company's HODL was 21 BTC as of November 30, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:06 am

BTCUSD

Ric Edelman, founder of Edelman Financial Services, expressed that financial advisors are eager to offer spot bitcoin ETFs to their clients, pending SEC approval. A survey indicated that 77% of advisors are ready to include spot Bitcoin ETFs in their clients' portfolios, and 47% already hold Bitcoin. Bloomberg ETF analyst Eric Balchunas gave a 90% chance of SEC approval for spot bitcoin ETFs by Jan. 10. Bitcoin's price recently surpassed $40,000, partly due to anticipation of SEC approval for a Bitcoin Spot ETF.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 7:03 am

EWG

Germany's trade balance for October was reported at 17.8 billion euros, surpassing the estimated 17.1 billion euros and the previous month's 16.5 billion euros.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 7:02 am

ASTI

Ascent Solar Technologies, Inc. is planning to pursue multiple federal funding opportunities with the aim of securing allocations in 2024. The company is looking to capitalize on the current favorable government funding environment to support its growth and development initiatives.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 6:34 am

EWA

Australia's Home Loans for the month showed a significant increase of 5.6%, surpassing the estimated 0.8% and the previous month's -0.1%.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 5:25 am

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Robert Kiyosaki, author of 'Rich Dad Poor Dad,' criticized President Joe Biden, calling him the 'worst and weakest' president and urging his followers to buy Bitcoin, Gold, and Silver. Kiyosaki linked his decision to buy an electric vehicle to the Israel-Hamas conflict, which he attributes to oil. He blames Biden for higher gas prices, which he says will hurt the poor and please 'liberal woke Greenies.' His comments come as Bitcoin surpasses $40,000 and Gold trades above $2,100 for the first time.

Portfolio Pulse from Benzinga Neuro

December 04, 2023 | 3:33 am