expansion

Nokia to roll out 3,300 new 4G sites by March for Vi expansion

Nokia will deploy 3,300 new 4G sites for Vodafone Idea by March 2025. Nokia is one of the three vendors selected by Vodafone Idea for a network equipment supply deal. The deal is worth USD 3.6 billion over three years. Nokia will deliver nearly 3,300 new sites and upgrade over 42,000 technology sites.




expansion

Sonepar's North American Expansion Brings over $2B in Additional Revenue

Acquisition growth in 2024 includes 7 companies, 1700 new associates and 89 new branches




expansion

CSL’s Melbourne expansion to create 190 jobs

Australia’s largest biotechnology company, Commonwealth Serum Laboratories (CSL), will invest A$210 million to expand albumin production at its Broadmeadows manufacturing site (25 minutes from Melbourne’s city centre) to meet increasing demand for its global ‘ablumin’ critical care therapy. The planned manufacturing facility for the Broadmeadows site is expected to create up to 200 jobs during construction, with a further 190 manufacturing jobs once the plant is operational.




expansion

Aegis Services Australia expansion to create 550 new jobs in Melbourne

Aegis Services Australia has announced it will expand its business processing outsourcing operations in Victoria, creating 550 new jobs over the next two years. Aegis is a global outsourcing and technology company. The expansion will mean a doubling of the company’s existing local workforce and a substantial investment in training and up-skilling of employees. The company’s announcement underscores Victoria's strong reputation as a destination for global investment and business services centre.




expansion

Piccadily Agro to invest Rs 1000 crore in capacity expansion; new distillery in Scotland also lined up

The expansions are expected to be completed over the next 24 months, with phase 1 of the total expansion at Indri plant of malt and ethanol reaching completion in early 2025. At its Indri plant, the company is expanding its warehousing infrastructure to accommodate over 1 lakh barrels.




expansion

France's Thales sees revenue and profit growth after cyber expansion

By Sudip Kar-Gupta PARIS (Reuters) - Defence and technology firm Thales unveiled new four-year targets on Thursday, predicting more than 25 billion euros ($26.34 billion) of revenues by 2028 as it reaps a decade of cyber investments. Europe's largest defence technology supplier, which has…




expansion

A look at Vietnam's expansion in the $95B chip packaging industry; report: the country is expected to have 8%-9% of the global share by 2032, up from 1% in 2022




expansion

Feds commit $25M for Taltson hydro expansion project in N.W.T.

The N.W.T. government is getting up to $25 million in new federal funding for a hydro expansion project that would double the territory's current hydro-generating capacity.



  • News/Canada/North

expansion

Pacific Highway border crossing to add 4 more vehicle lanes in $33M US expansion

The United States is expanding the number of lanes at the Pacific Highway border crossing from Surrey, B.C., to Blaine, Wash. The $33 million US ($46 million) contract will increase the number of entry lanes from six to 10.



  • News/Canada/British Columbia

expansion

Accor Drives Asia Expansion with 27 New Hotel Signings in 2024

Accor, a global leader in hospitality, is accelerating the Group’s growth in Asia securing 27 hotel signings and 8,117 keys year-to-date. The expansion encompasses twelve brands throughout eight countries, from India to South Korea and Japan.




expansion

Spotify teases a ‘super premium’ tier for superfans and upcoming video expansion in Q3 earnings call

Spotify CEO Daniel Ek has once again teased the company’s long-delayed HiFi or “super premium” tier, a higher-qualify subscription offering the streaming service first announced in 2021 and then failed to roll out. In the company’s third-quarter earnings call with investors on Wednesday, the exec suggested that such a product was still on the way, […]

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expansion

Synthesis of oxindole fused 1,3-oxazepanes via hydride transfer initiated ring expansion of pyrrolidine

Org. Chem. Front., 2024, Advance Article
DOI: 10.1039/D4QO00474D, Research Article
Peng He, Zongkang Wang, Qiongwen Kang, Nana Fei, Chengyu Wang, Yanzhong Li
An efficient B(C6F5)3 catalyzed protocol for the synthesis of oxindole fused 1,3-oxazepanes from pyrrolidine substituted aryl alkynones has been developed.
To cite this article before page numbers are assigned, use the DOI form of citation above.
The content of this RSS Feed (c) The Royal Society of Chemistry




expansion

Piccadily Agro Industries announces ₹1,000 crore expansion; to set up new distilleries in India and Scotland

The expansions are expected to be completed over the next 24 months




expansion

23 Butanediol Market Sees Expansion with Increased Demand in Chemical Manufacturing, as per Maximize Market Research

(EMAILWIRE.COM, November 03, 2024 ) The Global 23 Butanediol Market is experiencing growth due to its rising demand in the chemical and industrial sectors. Used widely as an intermediate in the production of plastics, textiles, and pharmaceuticals, 23 Butanediol is essential in high-performance material...




expansion

LXer: NanoPi M6: High-Performance SBC with Gigabit Ethernet and M.2 SSD Expansion

Published at LXer: The NanoPi M6 is a compact and open-source single-board computer (SBC) designed for high-performance applications, powered by the RK3588S System-on-Chip. Key features include an...



  • Syndicated Linux News

expansion

Scotland Loves Anime Film Festival 2024 With London Expansion Details

The good folks from Scotland Loves Anime have sent us an update for their anime film festival. They've just revealed more details of the spe...




expansion

Signature Autohaus Management Corp. Announces Expansion and New Location

Signature Autohaus, a leader in automotive restyling, is excited to announce its expansion and relocation to a new, larger facility in Coral Springs, FL. This move marks a significant milestone in the company’s growth. It reflects its commitment to meeting the increasing demand for quality exotic and luxury auto restyling and performance within the community. The new location, situated at 3650 Coral Ridge Drive, [PR.com]




expansion

Israel's West Bank settlers hope Trump's return will pave the way for major settlement expansion - ABC News

  1. Israel's West Bank settlers hope Trump's return will pave the way for major settlement expansion  ABC News
  2. Ex-Trump aides warn Israeli ministers not to assume he’ll back annexation in 2nd term  The Times of Israel
  3. This Is How Netanyahu Will Annex the West Bank  Haaretz
  4. Eyeing Trump support, Israeli minister pushes for West Bank settlement annexation  CNN




expansion

Talks over £1bn UK port expansion ongoing after row

Reports have suggested the plan was at risk after Transport Secretary Louise Haigh's comments.




expansion

Practical IT Education. Deepening of Technology, Expansion of Work, and Development into Headwaters: A Systematic Effort to Achieve Higher Levels




expansion

Azam Jaya eyes expansion amid Sabah’s construction boom

KUALA LUMPUR: Sabah-based infrastructure construction player Azam Jaya Bhd (AJB) aims to bid for more projects by capitalising on the state’s substantial growth in the construction industry, especially in regions where infrastructure development is much needed.

Executive director Datuk Jessica Lo Vun Che said the company plans to enhance its construction capabilities, strengthening its capacity to take on larger projects as part of its long-term strategies.

“We are committed to raising construction standards in Sabah to meet the region’s growing infrastructure demands.

“We are particularly encouraged by the federal government’s commitment to advancing development in Sabah, notably through the Budget 2025 allocations, in which Sabah received the highest development funding among the states.

“Azam Jaya welcomes the recent allocation of RM10 billion under Budget 2025 to complete the Sabah portion of the Pan-Borneo Highway, alongside the additional RM6.7 billion for development in Sabah,“ she said at the company listing on the main market of Bursa Malaysia yesterday.

This robust debut follows an IPO oversubscription of 23.00 times, reflecting strong confidence in Azam Jaya’s business operations and growth potential.

At the opening bell, Azam Jaya’s share price debuted at RM1.00, representing a premium of 28.21% over the issue price of RM0.78, with an opening volume of 5,126,000 shares.

The rose as much as 48.72% to touch its intra-day high of RM1.16 and closed at RM1.09.

“With the proceeds from our IPO totalling RM61.5 million, we are poised to accelerate our growth strategies in exciting ways.

“We are committed to enhancing our construction capabilities by expanding our fleet of machinery and equipment, ensuring we have the tools necessary to meet the demands of our expanding projects,“ Lo said.

Azam Jaya specialises in constructing large-scale road infrastructure in Sabah, including roads, highways, bridges, flyovers, and tunnels.

With over 30 years of experience in the industry, the group has a proven track record, having completed over 50 construction projects in the region.

“The listing of Azam Jaya is a testament to over 30 years of industry expertise navigating the complexities of road construction in Sabah.

“With fresh capital, we are well-positioned to accelerate our growth and seize new opportunities,“ Lo said.

On the financial front, Azam Jaya’s revenue grew from RM231.5 million in the financial year ended December 31, 2021 (FY21) to RM280.8 million in FY23, representing a 2-year compound annual growth rate (CAGR) of 10.1%.

Regarding dividend policy, Azam Jaya aims to distribute at least 30% of its net profit to shareholders.

From the proceeds raised, RM8.0 million (13.0%) will be allocated to boost construction capabilities and operational efficiencies by acquiring new machinery, equipment, and technological upgrades.

RM28.4 million (46.2%) has been set aside for working capital purposes, RM20.0 million (32.5%) is earmarked for repayment of bank borrowings, and RM5.1 million (8.2%) will be used to defray listing expenses.

Inter-Pacific Securities Sdn Bhd is the principal adviser, sole underwriter and sole placement agent for the IPO exercise.




expansion

Israel's West Bank settlers hope Trump's return will pave the way for major settlement expansion

As Donald Trump's victory became apparent in last week's U.S. elections, Jewish West Bank settlement advocates popped bottles of champagne and danced to the Bee Gees at a winery in the heart of the occupied territory, according to a post on Instagram. The winery said it was rolling out a special edition red named for the president-elect.




expansion

GMS Expands Product Offerings in Florida and Announces Further Platform Expansion Activity

Florida acquisition expands complementary product offering in Southwest Florida; four new greenfield locations expand presence in key markets.




expansion

Bartek Ingredients Announces 10,000 MT Malic Acid Capacity Expansion

This expansion closely follows the previously announced 4,000 MT malic acid expansion completed in 2019, as well as the installation of a new 22,500 MT maleic anhydride reactor, which will also be operational by Q1 2021.




expansion

Nissin Foods Announces $228 Million Expansion Plans

Nissin Foods USA, the creator of such iconic brands as Top Ramen® and Cup Noodles®, announced a major investment of $228 million to develop a third US manufacturing facility in Greenville County, S.C. This investment will significantly increase the company's manufacturing capabilities and advance its innovation pipeline to further meet consumer demand for its products.




expansion

Omya Completes Expansion of Orgon Production Plant

Omya has rebuilt and expanded its calcium carbonate production plant in Orgon, France, creating a substantially higher capacity for its functionalized calcium carbonate product platform, a new packaging line and an on-site warehouse. The modern facility produces the company’s mineral grades for food, pharmaceutical, nutraceutical and cosmetic applications in accordance with the most stringent sustainability and quality standards.




expansion

Cheddies Crackers Initiates Expansion, Brand Refresh

Cheddies® Crackers is on a mission to disrupt the $7.5 billion snacking cracker category with a cheese snacking cracker made from 100% fresh, organic cheddar cheese sourced from regenerative farms. 




expansion

J. Skinner Baking Partners with Stellex in Expansion-Focused Recapitalization

Stellex’s partnership with J. Skinner will support investment into production capacity expansion, increased automation, and new product development. 




expansion

Supergut Accelerates Retail Expansion with GNC Partnership

The company’s products, which include its new Gut Healthy GLP-1 Booster (an unflavored prebiotic fiber mix that can be added to any food or beverage), award-winning snack bars, and meal-replacement shakes, were available exclusively online until the company launched in bricks-and-mortar stores early 2024.




expansion

Kerry wins our 2022 Sustainable Plant of the Year award for breadcrumbs/coatings facility expansion in Georgia

Global food manufacturer Kerry is the winner of our 2022 Sustainable Plant of the Year award for its $125 million breadcrumbs and coatings plant expansion in Rome, Georgia. 




expansion

2018 Plant Construction Survey: Rising Rate of Food & Beverage Plant Renovations/Expansions

Food Engineering's 41st annual Plant Construction Survey reveals that the ratio of the number of plant renovations and expansions versus new, greenfield projects has again risen from last year, indicating several owners and operators are trying to stay put.




expansion

Floor & Decor Posts Mixed Q3 Results Amid Challenging Market; Continues Expansion

Despite tough market conditions, Floor & Decor saw slight sales growth of 0.9% to $1.12 billion in third quarter 2024, though net income fell 21.6% and same-store sales dropped 6.4%. The retailer maintained aggressive expansion, adding 11 new stores and planning 10 more openings in fourth quarter.




expansion

Case Study: Atlas Concorde Floor Tiles Elevate Dubai Mall's Expansion with Italian Elegance

Atlas Concorde's porcelain tiles were chosen for a recent expansion of the China Town segment of the Dubai Mall. The resin-effect Prism collection and concrete-effect Boost collection add Italian elegance to the world's largest shopping center.




expansion

Wells Enterprises Announces Expansion Plans for New York Plant

The expansion is anticipated to more than quadruple the facility's current production output and help support the company's continued plans for growth in novelty and packaged ice cream.




expansion

Cal-Maine Foods, Inc. Announces Expansion Plans for Additional Cage-Free Production Capabilities

The projects will include the addition of five new cage-free layer houses across its locations in Florida, Georgia, Utah and Texas.




expansion

Costa Coffee selects TrueCommerce for global EDI expansion

TrueCommerce, provider of supply chain and trading partner connectivity, integration and omnichannel solutions, has been selected by Costa Coffee, The European coffee chain, to spearhead their global EDI expansion.




expansion

Towards expansion of the MATTS data bank with heavier elements: the influence of the wavefunction basis set on the multipole model derived from the wavefunction

This study examines the quality of charge density obtained by fitting the multipole model to wavefunctions in different basis sets. The complex analysis reveals that changing the basis set quality from double- to triple-zeta can notably improve the charge density related properties of a multipole model.




expansion

Crystal structure solution and high-temperature thermal expansion in NaZr2(PO4)3-type materials

The NaZr2P3O12 family of materials have shown low and tailorable thermal expansion properties. In this study, SrZr4P6O24 (SrO·4ZrO2·3P2O5), CaZr4P6O24 (CaO·4ZrO2·3P2O5), MgZr4P6O24 (MgO·4ZrO2·3P2O5), NaTi2P3O12 [½(Na2O·4TiO2·3P2O5)], NaZr2P3O12 [½(Na2O·4ZrO2·3P2O5)], and related solid solutions were synthesized using the organic–inorganic steric entrapment method. The samples were characterized by in-situ high-temperature X-ray diffraction from 25 to 1500°C at the Advanced Photon Source and National Synchrotron Light Source II. The average linear thermal expansion of SrZr4P6O24 and CaZr4P6O24 was between −1 × 10−6 per °C and 6 × 10−6 per °C from 25 to 1500°C. The crystal structures of the high-temperature polymorphs of CaZr4P6O24 and SrZr4P6O24 with R3c symmetry were solved by Fourier difference mapping and Rietveld refinement. This polymorph is present above ∼1250°C. This work measured thermal expansion coefficients to 1500°C for all samples and investigated the differences in thermal expansion mechanisms between polymorphs and between compositions.




expansion

Satispay raises EUR 60 million to further drive its service expansion

Italy-based unicorn Satispay has announced...




expansion

October Report Highlights Big Gains in Crypto Mining Efficiency and Expansion

Source: Streetwise Reports 11/06/2024

Terawulf Inc. (WULF:NASDAQ) has reported its October 2024 production and operations. Read more about the companys mining efficiency gains, expansion plans, and high-performance computing initiatives.

Terawulf Inc. (WULF:NASDAQ) has reported its October 2024 production and operations. The report included significant advancements in self-mining with an operational capacity reaching 8.1 exahash per second (EH/s). This marks a 62% increase from the prior year. The company mined a total of 150 bitcoins during the month, averaging approximately 4.8 bitcoins per day, at a power cost of US$36,789 per bitcoin mined or about US$0.048 per kWh (kilowatt-hour). To improve efficiency, TeraWulf continued its miner refresh program at its Lake Mariner facility, replacing older models with upgraded S19 XP miners following its sale of interest in the Nautilus Cryptomine facility, which enabled additional hardware acquisitions.

Focusing on high-performance computing (HPC) infrastructure, TeraWulf's aim is to establish 72.5 MW HPC hosting capacity at Lake Mariner by Q2 2025. October's operational hash rate averaged 6.8 EH/s, with adjustments made for demand response events and performance optimization measures to enhance profitability. Construction on the company's 20 MW HPC hosting facility, CB-1, remains on schedule for Q1 2025, and a larger 50 MW HPC facility, CB-2, is expected by Q2 2025. The recent sale of TeraWulf's equity interest in Nautilus and new financing through convertible notes are anticipated to support these growth initiatives.

Sean Farrell, Senior Vice President of Operations at TeraWulf, explained in the press release, "October marked another productive month, with TeraWulf mining 150 bitcoin and sustaining an average daily production of around 5 bitcoin . . . In line with our previously outlined plans, we are accelerating the transition to more efficient mining hardware by replacing older miners at Lake Mariner with S19 XP models. We are also working closely with Bitmain's warranty department on a recovery plan to repair and replace 1.5 EH of mining equipment with a target completion by the end of the year. Furthermore, we have established a dedicated Business Development and Performance Optimization team focused on integrating advanced IT and software solutions to improve our operational hash rate and overall efficiency. Building 5, which has been designed to handle higher heat exhaust of the latest generation miners, remains on track to be operational in Q1 2025."

Why Crypto Mining?

The cryptocurrency mining sector has seen recent momentum, bolstered by the U.S. election results and the evolving landscape for Bitcoin. As Benzinga reported on November 6, bitcoin mining stocks experienced notable gains following the U.S. presidential election, which led to Bitcoin reaching record highs. The outcome was anticipated to benefit U.S.-focused mining companies as pro-crypto policies, including a preference for domestic bitcoin production, gained prominence. Benzinga noted that Trump had previously expressed support for more bitcoin mining within the U.S., a stance that influenced broader market optimism in the days following his election.

On November 4, Yahoo! Finance highlighted the growing trend among Bitcoin miners to integrate artificial intelligence (AI) to power a "new industrial revolution." As described by Rob Nelson, who emphasized the impact of cryptocurrency mining as a vehicle for both economic and technological change. This trend has driven miners to secure deals within the AI sector, given the synergies in computational power required for both cryptocurrency and AI initiatives. Nelson projected that this cross-industry expansion could have far-reaching effects, creating value for both miners and AI-focused enterprises.

Additionally, a November 6 report from Time explored the significance of the recent Presidential election outcome for the crypto industry's future regulatory environment. According to Time, Trump's support for the industry included ambitions to boost the country's bitcoin mining footprint, which aligned with crypto PACs' efforts to secure pro-crypto candidates. The article reported that these advocacy groups saw the election as an opportunity to reshape crypto regulation and encourage growth in U.S.-based bitcoin mining.

TeraWulf's Catalysts

TeraWulf's recent initiatives set a foundation for further growth and operational efficiency. According to the company's investor presentation, the sale of its 25% equity interest in the Nautilus facility enhances liquidity. This enables TeraWulf to reinvest in its flagship Lake Mariner site for both HPC and AI expansion.

The transaction also reduces exposure to the expiring Nautilus 2¢ power contract by 2027, positioning the company to benefit from projected power price increases at Lake Mariner. This strategic realignment is anticipated to improve fleet efficiency, with an upgraded mining fleet targeting 13 EH/s by Q1 2025, supported by the deployment of next-gen S21 Pro miners.

What Experts Are Saying...

On November 5, 2024, Roth MKM analyst Darren Aftahi assigned TeraWulf a "Buy" rating and set a price target of US$7.50. Roth highlighted optimism around the company's expansion and potential in high-performance computing (HPC) and bitcoin mining. Roth noted that TeraWulf's planned 72.5 MW of HPC capacity by Q2 2025 could generate annualized revenue of approximately US$90 million, with over US$60 million in profit. [OWNERSHIP_CHART-11184]

The report highlighted the completion of TeraWulf's initial 2.5 MW HPC project and its upcoming 20 MW facility, which remains on track for Q1 2025. Roth analysts pointed to the operational progress at TeraWulf's Lake Mariner facility, emphasizing the company's improvements in mining efficiency with new S19 XP models, which brought its machine efficiency to 22 J/TH.

Ownership and Share Structure

According to Refinitiv, management and insiders hold 6.67% of TeraWulf. Of them, Co-founder, COO, and CTO Nazar M. Khan holds the most, with 4.43%.

Strategic investors hold 21.37%. Of them, Riesling Power LLC holds the most at 5.23%, Baryshore Capital LLC holds 4.77%, Revolve Capital LLC has 4.67%, Opportunity Four of Parabolic Ventures owns 2.46%, and Lake Harriet Holdings LLC has 1.90%.

Institutions have 45.11%. The largest holders there are The Vanguard Group at 6.12%, BlackRock Instituional Trust with 4.22%, Two Sigma Investments LP at 2.28%, Beryl Capital Management LLC holds 1.74%, and Geode Capital Management LLC has 1.66%. The rest is retail.

TeraWulf has a market cap of US$2,375.93 million and 275.29 million free float shares. Their 52-week range is US$ 0.8911 - 7.28.
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Important Disclosures:

1) James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.

2) This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: WULF:NASDAQ, )




expansion

Gold Co. Announces Resource Expansion Results in Historic Mining District

Source: Streetwise Reports 11/07/2024

Dakota Gold Corp. (DC:NYSE American) announces results from 17 holes in its bid to expand the maiden resource at its Richmond Hill Gold Project in the historic Homestake District of South Dakota. One analyst believes the results support expansion for future resource estimates.

Dakota Gold Corp. (DC:NYSE American) announced drill results from the first 17 holes of its ongoing infill drilling program to expand the maiden resource at its Richmond Hill Gold Project in the historic Homestake District of South Dakota.

An updated S-K 1300 resource estimate is planned for Q1 2025 and a S-K 1300 Initial Assessment with cashflow analysis is planned for Q2 2025, the company said in a release. The expanded resource is expected to include an additional 88 new drill holes totaling 17,000 meters.

"The highlight of this morning's release was (hole) RH24C-099, which was drilled in the Twin Tunnels Zone and returned 1.15 g/t Au (grams per tonne gold) over 51.7 meters from 132.9 meters," wrote Canaccord Genuity Capital Markets Analyst Peter Bell in an updated research note on Monday. "The results this morning were consistent with the current resource at Richmond Hill, with many cases reporting higher-than-average grades."

Bell said the firm was encouraged by the results, "which we believe provide support for expansion in future resource estimates. With infill and step out drilling at Richmond Hill being just one of three ongoing drill programs currently underway at Dakota, underscoring the company's emphasis on exploration and expansion."

Drilling Is 'Adding Ounces'

The maiden S-K 1300 resource, announced in April, outlined an Indicated Resource of 51.83 million tonnes (Mt) at 0.80 g/t Au for 1.33 million ounces (Moz) and Inferred Resource of 58.06 Mt at 0.61 g/t Au for 1.13 Moz., the company said.

The initial infill drill results release released Monday encountered further gold mineralization from the central portion of the Richmond Hill resource area consistent with results reported in the maiden resource, Dakota said. The drilling was conducted in areas where the original resource block model contained gaps to support the company's belief that the initial resource could be significantly expanded with additional infill drilling.

Highlights of the results include:

  • Hole RH24C-077: 0.76 g/t Au over 24.4 meters
  • Hole RH24C-083: 0.70 g/t Au over 13.8 meters
  • Hole RH24C-085: 1.10 g/t Au over 17.9 meters
  • Hole RH24C-088A: 0.96 g/t Au over 41.5 meters
  • Hole RH24C-099: 1.15 g/t Au over 51.7 meters

Dakota said the resource remained open in all directions and could be improved with more drilling, metallurgical work, and incorporation of silver into the resource.

"We are very pleased to see that initial results from our infill drill program are adding ounces to our current S-K 1300 resource," said Dakota Vice President of Exploration James Berry. "The results to date show grades and widths consistent with drill holes in the original block model and support an expansion of gold mineralization, including shallow oxide mineralization. We look forward to continuing our infill program on the other zones identified in our Initial assessment for follow-up drilling."

'Vastly Unexplored' District

The historic Homestake Mine produced 41 Moz Au and 9 Moz silver (Ag) over 126 years. The company has 48,000 acres of holdings surrounding the original mine, which was first discovered in 1876 and consolidated by George Hearst.

Areas surrounding "super-giant deposits" like Homestake are believed to contain significant additional gold resources, wrote John Newell wrote.

Areas surrounding "super-giant deposits" like Homestake are believed to contain significant additional gold resources, wrote John Newell of John Newell & Associates this week for a Streetwise Reports piece on the legacy of the famous mine.

"Super-giant deposits are characterized by clusters of geologically similar deposits within several hundred square kilometers, defining profoundly mineralized regions," Newell wrote. "It is believed that at least twice that amount of gold exists in the neighborhood of these super giants. If that is true, then there are at least 100 Moz of gold left to be found in this vastly underexplored precious metal district of South Dakota."

This proximity to a super-giant "suggests a high potential for similar deposits," Newell wrote. "Being in the shadow of many old mines increases the probability of finding significant mineral resources."

The Catalyst: Gold Continues Bull Market

After hitting a record high of US$2,790.15 per ounce on Thursday, spot gold was up 0.1% to US$2,737.35 on Monday afternoon, according to Reuters.

Investors were keeping a close on Tuesday's presidential election in the U.S. and the Federal Reserve's meeting later this week, Anjana Anil reported.

"A Reuters/Ipsos poll conducted last month found worries that the U.S. could see a repeat of the unrest that followed Trump's 2020 election defeat, when his false claim that his loss was the result of fraud prompted hundreds to storm the U.S. Capitol," Anil wrote.

Gold's rise has "resulted in big returns for the investors who bought in earlier this year," Angelica Leicht reported for CBS News last month. "For example, the investors who purchased gold in March when it hit US$2,160 per ounce have seen their gold values increase by nearly 27% in the time since. That's a huge uptick in value in a matter of months, especially on an asset that's known more for long-term growth."

Recently polled London Bullion Market Association members indicated they believe the gold price could reach US$2,940/oz during 2025, reported Stockhead on Oct. 28.

"Combined with expectations of lower global interest rates, this further enhances gold's attractiveness as an investment," the article noted.[OWNERSHIP_CHART-7442]

As for gold equities, the S&P/TSX Venture Composite Index (SPCDNX) confirmed a multidecade bull run for junior, intermediate, and senior mining stocks when it closed above 1,000 recently, Stewart Thomson with 321Gold wrote. The index is a key indicator of the health of the general gold, silver, and mining stocks market.

Ownership and Share Structure

According to the company, approximately 25% of its shares are with management and insiders.

Out of management, Co-chairman, Director, President and Chief Executive Officer Robert Quartermain holds the most shares at 8.4%, while COO Jerry Aberle holds 4.8%, the company said.

About 26% of the shares are with institutional investors, according to Yahoo Finance and Edgar filings. Top institutional holders include Fourth Sail Capital with 5.3%, Van Eck Associates with 4.1%, Blackrock Institutional Trust Co. with 3.7%, The Vanguard Group Inc. with about 3.2%, Fidelity Management and Research Co. LLC with 2.7%, and CI Global Asset Management with 2.6%.

About 16.5% is with strategic investors, including Orion Mine Finance, which owns about 9.9%, and Barrick Gold Corp., which owns about 2.5%. The rest is retail.

Dakota Gold has a market cap of US$212.61 million, with 93.66 million shares outstanding. It trades in a 52-week range of US$3.25 and US$1.84.

Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Important Disclosures:

  1. Dakota Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
  2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dakota Gold Corp.
  3. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
  4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: DC:NYSE American, )




expansion

Exploration Expansion Targets High-Grade Copper Potential in Nevada

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced the expansion of its surface exploration program at the Majuba Hill copper-silver deposit in Pershing County, Nevada. Read more to learn about the promising high-grade copper findings and the project's potential impact on the EV and renewable energy sectors.




expansion

High-Grade Rhodium Intercepts Bolster Montana Critical Minerals Expansion

Stillwater Critical Minerals Corp. (PGE:TSX.V; PGEZF:OTCQB; J0G:FSE) has announced new assay results from its ongoing resource expansion drilling at the Stillwater West PGE-Ni-Cu-Co + Au project. Read more for detailed insights into the high-grade rhodium intercepts and resource expansion potential.



  • PGE:TSX.V; PGEZF:OTCQB; J0G:FSE

expansion

Gold Co. Says Assays Point to Resource Expansion Potential in Nevada

Western Exploration Inc. (WEX:TSX.V; WEXPF:OTC) announces more high-grade results from its drilling program at its fully owned Aura gold-silver project in Nevada. Find out why one analyst thinks the company is aligned for M&A attention.




expansion

High-Quality Primary Care Should Be Available to Every Individual in the U.S., Says New Report - Payment Reform, Telehealth Expansion, State and Federal Policy Changes Recommended

Ensuring access to high-quality primary care for all people in the United States will require reforming payment models, expanding telehealth services, and supporting integrated, team-based care, says a new report from the National Academies of Sciences, Engineering, and Medicine.




expansion

Private banks bullish on branch expansion while PSU banks scale digital operations

Private banks including HDFC Bank, ICICI Bank and Axis have been spending a lot on expanding their operations into the hinterlands of the country, contrary to public sector banks which have been investing in building capabilities and enhancing their digital functions. What’s driving this change? Is phygital the new norm in banking? Find out more here.




expansion

Barry Callebaut debuts North American expansion in plant-based offerings

Barry Callebaut has announced its latest expansion of its plant-based portfolio by adding dairy-free organic chocolate to its North American portfolio.




expansion

Eli's Cheesecake to celebrate completion of 42,000-square-foot expansion

Eli’s addition was made possible with an EDGE Tax Credit Agreement with the Department of Commerce and Economic Opportunity (DCEO) for the State of Illinois that gives Eli’s incentive for creating jobs.




expansion

Chipoys set to continue nationwide retail expansion

Launched last year in convenience stores across the U.S. and Europe, Chipoys is now setting its sights on continued nationwide expansion as it grows in popularity and adds to its product offerings.




expansion

Ingredion gets closer to texturizer capacity expansion

When wrapped, the expansion will boost the company's global modified and clean label specialty starches capacity.