#ExploringMining #Podcast 305 - News from (NYSE: $RIO) (NYSE: $AG) (NYSEAmerican: $EQX) (NYSE: $IAG) (OTC: $ZIJMF)

 

#ExploringMining #Podcast 305 - News from (NYSE: $RIO) (NYSE: $AG) (NYSEAmerican: $EQX) (NYSE: $IAG) (OTC: $ZIJMF)        

 

Vancouver, Kelowna, Delta, BC, October 19, 2022 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/101922-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2022/exploring-mining/10191RIO-AG-EQX-IAG-ZIJMF.asp  

 

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Rio Tinto Group (NYSE:RIO) has reported its production results for the third quarter 2022. Some highlights include the production of 84.3 million tonnes of iron ore at the company’s Pilbara operations, 13.7 million tonnes of bauxite, 0.8 million tonnes of aluminum, and 138 thousand tonnes of copper. Jakob Stausholm, Rio Tinto’s CEO, added:

 

"We continue to deliver our strategy with decarbonisation at its centre. Last week we announced a partnership with the Government of Canada to invest up to C$737 million over eight years to decarbonise our Rio Tinto Fer et Titane operations in Québec, and to position the business as a centre of excellence for critical minerals processing.”

 

First Majestic Silver Corp. (NYSE:AG) has announced record total Q3 production at its four producing operations, the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. According to the press release, the company produced 8.8 million silver equivalent ounces consisting of 2.7 million ounces of silver and 67,072 ounces of gold in the quarter. Keith Neumeyer, First Majestic’s President and CEO, said:

 

"This record production was driven mostly by higher grades at our Santa Elena and San Dimas operations. At Santa Elena, the Ermitaño mine produced 83% of the quarterly ounces as strong gold grades and optimized ore deliveries were achieved. At San Dimas, higher production was driven by increased silver and gold grades which were achieved with the start of production at the Perez Vein in July and continued improvements in dilution control. The Company continues to expect production in the fourth quarter to be another step up in growth with the imminent ramp-up at Jerritt Canyon of the West Generator, Saval II and Smith Zone 10 areas."

 

Equinox Gold Corp. (NYSEAmerican:EQX) has ​​announced the results from a Feasibility Study for an expansion at its 100 percent-owned Los Filos Mine Complex in Mexico. According to the press release, gold mineralization at the site “extends beyond the drilled area, and it is expected that additional drilling along the contact between intrusive and carbonate rock could identify further skarn mineralization.” The company’s President & CEO, Greg Smith, said:

 

"The Feasibility Study confirms a path to expand Los Filos to a large-scale, long-life gold mine with a substantial reserve and resource endowment and opportunity for further growth. We are pleased with the results of the Feasibility Study; however, we have not made a decision to proceed with the expansion.”

 

IAMGOLD Corporation (NYSE:IAG) has entered into a definitive agreement with Zijin Mining Group Co. Ltd. (OTC:ZIJMF) to sell its 95 percent interest in Rosebel Gold Mines N.V. for cash consideration of $360 million. Maryse Bélanger, IAMGOLD’s Interim President and CEO, explained:

 

"This transaction represents a significant step forward in pursuing IAMGOLD's strategy of disciplined portfolio management as we look to create value for shareholders through a focus on core assets. The proceeds of the sale will be invested in the ongoing construction of our flagship Côté Gold project -- a strong positive step towards addressing our funding commitments to deliver the Côté Gold project on the updated schedule for production in early 2024."

 

 

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#EV #Stock Mullen (NASDAQ: $MULN) Continues Acquisition Path with Purchase of ELMS Assets Including Factory in Mishawaka, IN, Enabling #EVProduction for Retail and Commercial Vehicle Lines; @Mullen_USA

#EV #Stock Mullen (NASDAQ: $MULN) Continues Acquisition Path with Purchase of ELMS Assets Including Factory in Mishawaka, IN, Enabling #EVProduction for Retail and Commercial Vehicle Lines; @Mullen_USA

 

Manufacturing Capability to Produce 50,000 Vehicles per Year

 

Mullen’s cash on hand and funding commitment of up to $240 million provides the company with access of up to $275 million to close acquisition and fund vehicle launches

 

BREA, Calif., October 19, 2022 – (Investorideas.com Newswire) Mullen Automotive, Inc. (NASDAQ:MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces the US Bankruptcy Court approval on Oct. 13^th, 2022 of its acquisition of electric vehicle company ELMS’s (Electric Last Mile Solutions) assets in an all cash purchase.  In the Chapter 7 approved transaction Mullen will acquire ELMS’s manufacturing plant, all inventory and intellectual property.

 

Read this news, featuring MULN in full at https://www.investorideas.com/CO/MULN/news/2022/10191Acquisition-ELMS-Assets.asp

 

Acquisition benefits include:

·        The factory in Mishawaka, IN providing Mullen with the capability to produce up to 50,000 vehicles per year

·        Allows acceleration of the path to production and market for Mullen FIVE and Bollinger B1, B2 retail vehicles by 12 plus months

·        Commercial Product Platforms to be assembled at Mullen’s Tunica MS. Facility, for Launch of Mullen Class 1 and Class 3 Commercial Delivery vehicles into Market in 2023.

·        The platform and plant acquisition results in a significant reduction of the Company’s previously forecast overall spend

 

The Mishawaka, IN factory that forms part of the Company’s acquisition, previously produced General Motors Hummer H2 SUV and SUT and also subsequently contract manufactured the Mercedes-Benz R-Class vehicle. This makes it the perfect fit for production of the Mullen and Bollinger portfolio of consumer vehicles. The ELMS asset acquisition, and the recent acquisition of the majority ownership of Bollinger Motors, gives Mullen the ability to integrate Bollinger’s vehicle platforms, B1 and B2 along with Mullen’s FIVE and FIVE RS platforms into an already existing and capable high volume manufacturing facility. As a result, this will accelerate launch of the Bollinger B1, B2 retail vehicles by 12 plus months.

 

Manufacturing optimization will include moving the Mullen FIVE EV Crossover production to the Mishawaka Factory from the Tunica, MS facility. Mullen FIVE production is planned to begin production in 2024. Tunica will now become the Commercial Manufacturing Center and capitalize to produce all Mullen and Bollinger Class 1 to 6 commercial vehicles.

 

With the additional Manufacturing capacity, total production volumes are expected to exceed Mullen’s previous business plan projections. The commercial portfolio is expected to increase over 50% with the addition of the ELMS assets and the retail portfolio is expected to more than double with the addition of Bollinger vehicles and the manufacturing capacity of Mishawaka.

 

The Company’s majority ownership acquisition of Bollinger Motors was closed in August 2022 with a combination of stock and cash. The ELMS acquisition will be completed as an all-cash purchase.

 

Highlights of the Acquisition:

Per the Asset Purchase Agreement which can be viewed from the Company’s recent public filings, the ELMS Assets purchased by Mullen were as follows:   

 

•        all Intellectual Property, including, without limitation, the registered intellectual property specifically listed in the Asset Purchase Agreement

·        all inventory including vehicles, finished and unfinished, finished goods, part modules component parts, raw materials, tooling, including but not limited to product specific tooling, all manufacturing data that is required or reasonably helpful for the assembly of the Class 1 Electric commercial delivery vans and Class 3 Commercial Delivery Cab Chassis

·        purchase of real property located in Mishawaka, Indiana, together with all buildings, improvements and fixtures

·        all tangible personal property including equipment, machinery, furniture, supplies, computer hardware, data networks, servers (with data and software), communication equipment, software, discs, and all other data storage media

 

“Mullen’s acquisition of Bollinger was one of the largest transactions of its kind in the EV market. Upon closing the ELMS transaction, the Company will be in a position to strategically lever all its acquired assets to shorten its production path and aggressively expand into the commercial and consumer EV market,” said David Michery, CEO and chairman of Mullen Automotive. "

 

About Mullen

Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.

 

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the closing of the ELMS acquisition will occur and if so, be beneficial to the Company; whether the anticipated manufacturing capability to produce 50,000 vehicles per year will prove reliable; whether Mullen’s cash availability will be sufficient for closing and funding of vehicle launches; whether the platform and plant acquisition will result in the anticipated reduction of the Company’s previously forecast spend; whether utilizing the manufacturing facility in Mishawaka, IN will result in accelerating development of the Bollinger B1, B2 retail vehicles by 12 plus months, or at all;  whether the anticipated manufacturing optimization and forecast total Mullen and Bollinger vehicle production volumes detailed in this Press Release will materialize; whether the production of the Mullen FIVE will commence in 2024;  whether the ELMS acquisition will be completed as an all-cash purchase; whether the Company’s cash on hand and other funding commitments will realize sufficient proceeds to accomplish closing the acquisition and/or the funding of vehicle launches; and whether the Company will be successful with its efforts to lever all its acquired assets to shorten its production path and expand into the commercial and consumer EV markets. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

 

Contact:

Mullen Automotive, Inc.

+1 (714) 613-1900

www.MullenUSA.com

 

Wire Service Contact:

InvestorWire (IW)

Los Angeles, California

www.InvestorWire.com

212.418.1217 Office

Editor@InvestorWire.com

 

Mullen Automotive, Inc. (OTCQB:MULN) is a featured EV stock on

Investorideas.com

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created:  Mullen Automotive, Inc. (MULN) is a paid featured EV stock. More details https://www.investorideas.com/About/News/Clientspecifics.asp. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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#AIEye #Podcast 730: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $ORCL) (NasdaqGS: $NVDA) #artificialintelligence

 

 

#AIEye #Podcast 730: #Stocks discussed: (NasdaqGS: $AMZN) (NYSE: $ORCL) (NasdaqGS: $NVDA) #artificialintelligence

 

AWS Launching Infrastructure Region in Thailand, and Oracle and NVIDIA Announce Multi-Year Partnership

 

Global #AI in #ClinicalTrials Market to reach $4.8B by 2027

 

Vancouver, Kelowna, Delta, BC – October 18, 2022  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence.

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/101822-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/10181AMZN-ORCL-NVDA.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (NasdaqGS:AMZN) (NYSE:ORCL) (NasdaqGS:NVDA)

 

Amazon Web Services (AWS), a subsidiary of Amazon (NasdaqGS:AMZN), has announced plans to launch an infrastructure Region in Thailand. This AWS Asia Pacific (Bangkok) Region will “enable developers, startups, and enterprises, as well as government, education, and nonprofit organizations, to run their applications and serve end users from AWS data centers located in Thailand.” Prasad Kalyanaraman, vice president of Infrastructure Services at AWS, said:

 

“The AWS Asia Pacific (Bangkok) Region will enable organizations to build with AWS technologies like artificial intelligence and machine learning, data analytics, and Internet of Things. With these new tools, AWS is empowering governments to better engage with citizens, enterprises to innovate for their next phase of growth, and entrepreneurs to build businesses and compete on a global scale."

 

Oracle Corporation (NYSE:ORCL) and NVIDIA Corporation (NasdaqGS:NVDA) have announced a multi-year partnership aimed at helping customers solve business challenges with accelerated computing and AI, by bringing the full NVIDIA accelerated computing stack to the Oracle Cloud Infrastructure (OCI). Jensen Huang, CEO and founder, NVIDIA, said:

 

“Accelerated computing and AI are key to tackling rising costs in every aspect of operating businesses. Enterprises are increasingly turning to cloud-first AI strategies that enable fast development and scalable deployment. Our partnership with Oracle will put NVIDIA AI within easy reach for thousands of companies.”

 

Global AI in Clinical Trials Market to reach $4.8B by 2027

 

A report published by Markets and Markets finds that the global AI in Clinical Trials market is projected to grow from $1.5 billion USD in 2022 to $4.8 billion by 2027, registering a compound annual growth rate (CAGR) of 25.6 percent in the forecast period. The following excerpt from the report’s description outlines some factors influencing the market’s growth:

 

The growing need to curb clinical trials costs and reduce time involved in the drug development process, the rising adoption of cloud-based applications and services, and the impending patent expiry of blockbuster drugs are some of the key factors driving the growth of artificial intelligence in clinical trials market.

 

However, a shortage of AI workforce and ambiguous regulatory guidelines for medical software and lack of data sets in this field are some of the factors expected to restrain the growth of the AI in clinical trials market in the coming years.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

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About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

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