Wednesday, March 20, 2024

Doctor’s Orders-Biotech Stocks to Watch (NASDAQ: $LVTX) (NASDAQ: $NKGN) (Nasdaq: $KNSA) (Nasdaq: $GOSS)

Doctor’s Orders-Biotech Stocks to Watch (NASDAQ: $LVTX) (NASDAQ: $NKGN) (Nasdaq: $KNSA) (Nasdaq: $GOSS)

 

Life Sciences Stocks to Watch: (OTCPink: $MRDH) (NASDAQ: $PBM) (OTCQB: $KRBP) (NASDAQ: $OCEA)

 

 



 

 

March 20, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces today’s roundup of stocks to watch in the Biotech/Life Sciences sector.

 

Read this in full at: https://www.investorideas.com/news/2024/main/03201Stocks.asp

 

The newest biotech companies are involved in immuno-oncology, cell therapeutics and biopharmaceuticals.

 

The latest life sciences companies are involved in developing scientifically compelling assets from research universities, biotherapeutics, natural psychedelics and management services for healthcare settings.

 

New Stocks Added to the Biotech Directories:

LAVA Therapeutics N.V. (NASDAQ: LVTX) is a clinical-stage immuno-oncology company focused on advancing its proprietary Gammabody® platform to develop a portfolio of bispecific gamma-delta T cell engagers for the potential treatment of solid tumors and hematologic malignancies. The Company utilizes bispecific antibodies engineered to selectively kill cancer cells by triggering Vγ9Vδ2 (Vgamma9 Vdelta2) T cell antitumor effector functions upon cross-linking to tumor-associated antigens.

 

NKGen Biotech, Inc. (NASDAQ: NKGN) is a clinical-stage biotechnology company focused on the development and commercialization of innovative autologous, allogeneic, and CAR-NK Natural Killer (NK) cell therapeutics. NKGen is headquartered in Santa Ana, California, USA.

 

Kiniksa Pharmaceuticals (Nasdaq:KNSA) is a commercial-stage biopharmaceutical company focused on discovering, acquiring, developing, and commercializing therapeutic medicines for patients suffering from debilitating diseases with significant unmet medical need. Kiniksa’s immune-modulating assets, ARCALYST, abiprubart, and mavrilimumab, are based on strong biologic rationale or validated mechanisms, target a spectrum of underserved cardiovascular and autoimmune conditions, and offer the potential for differentiation.

 

Gossamer Bio (Nasdaq:GOSS) is a clinical-stage biopharmaceutical company focused on the development and commercialization of seralutinib for the treatment of pulmonary arterial hypertension. Its goal is to be an industry leader in, and to enhance the lives of patients suffering from, pulmonary hypertension.

 

Ocean Biomedical, Inc. (NASDAQ: OCEA) is a Providence, Rhode Island-based biopharma company with an innovative business model that strives to accelerate the development and commercialization of scientifically compelling assets from research universities and medical centers. Ocean Biomedical intends to deploy the resources and expertise to move new therapeutic candidates efficiently from the laboratory to the clinic to the world. Ocean Biomedical is currently developing five discoveries that have the potential to achieve life-changing outcomes in lung cancer, brain cancer, pulmonary fibrosis, and the prevention and treatment of malaria. The Ocean Biomedical team’s goal is to work on solving some of the world’s toughest problems, for the people who need it most.

 

Kiromic BioPharma, Inc. (OTCQB: KRBP) is a clinical-stage, fully integrated biotherapeutics company using its proprietary DIAMOND® artificial intelligence (AI) 2.0 target discovery engine to develop and commercialize cell therapies focusing on immuno-oncology. Kiromic is developing a multi-indication allogeneic cell therapy platform that exploits the natural potency of Gamma Delta T-cells to target solid tumors. Kiromic’s DIAMOND® AI is where data science meets target identification to dramatically compress the years and hundreds of millions of dollars required to develop a live drug. The Company maintains offices in Houston, Texas.

 

Psyence Biomedical Ltd (NASDAQ:PBM) is a life science biotechnology company with a focus on natural psychedelics. Psyence Biomed works with natural psilocybin products for the healing of psychological trauma and its mental health consequences in the context of palliative care. Our name "Psyence" combines the words psychedelic and science to affirm our commitment to producing psychedelic medicines developed through evidence-based research.

 

Meridian Holdings, Inc. (OTCPink: MRDH) is in the business of acquisition-oriented holding company focused on building, operating, and managing a portfolio of business-to-business companies. It seeks to acquire majority or controlling interests in companies, which will allow the holding company to actively participate in management, operations, and finances. The Company's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise, and synergistic business opportunities. Meridian Holdings, Inc., provides management services and support to the following business units: InterCare Rx, Dozie and Dozie's Pharma and Meridian Health Systems ACO Corporation (“MHSACO”) a Multi-National healthcare supply chain and medical services management entity.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 



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The Hunt for the Best in Fintech – (NASDAQ: $APCX) (NASDAQ: $JKHY) (NASDAQ: $FUTU) (NASDAQ: $PYPL) @AppTechCorp @JH_Fintech @PayPal

The Hunt for the Best in Fintech – (NASDAQ: $APCX) (NASDAQ: $JKHY) (NASDAQ: $FUTU) (NASDAQ: $PYPL) @AppTechCorp @JH_Fintech @PayPal

 

Leadership, Innovation, AI Technology Shaping Future Growth

 



 



March 20, 2024 - Investorideas.com, a leading investor news resource covering Fintech stocks releases a special news report on Fintech leaders and innovation recognized by the industry, featuring AppTech Payments Corp. (NASDAQ:APCX), a pioneering Fintech company powering frictionless commerce.

 

Read this article, featuring APCX in full at https://www.investorideas.com/news/2024/technology/03201Fintech-Stocks.asp

 

Report Ocean says, ”The global Fintech market is on an unparalleled growth trajectory, projected to soar at an impressive CAGR of 25.0% from 2022 to 2028. Fueled by the surging popularity of digital payments, widespread adoption of IoT-connected devices, substantial investments in technology-driven solutions, and supportive government regulations, the Fintech sector is reshaping the financial services landscape.”

 

“Escalating investments in technology-driven solutions, including Artificial Intelligence (AI), Machine Learning (ML), cloud computing, and blockchain, are propelling the Fintech sector forward.”

 

With strong growth on the horizon for Fintech stocks, the Industry is recognizing excellence and innovation in payments and financial technology to showcase the leaders.   .

 

AppTech Payments Corp. (NASDAQ:APCX), a company that has been building its patent portfolio in the sector for years recently announced it signed an agreement to provide its FinZeo™ platform services to a credit union network with over 2,000 locations. Platform integration is expected to begin in March with completion anticipated in Q2 2024.

 

From the News: Following its launch, the FinZeo credit union offering is expected to be available to credit unions nationwide, positioning it as the Fintech platform of the future for credit unions and legacy banks. In 2022, there were over 4,700 credit unions in the US with total assets reaching as much as $2.17 trillion.

 

The FinZeo platform offers custom eco-solutions to enable immersive, high conversion, seamless user experiences for customers with minimal effort.

 

Continued: As Fintech continues to drive innovation in banking, legacy banks are challenged to keep up with and effectively compete against newer and larger financial services providers. FinZeo offers a turnkey competitive boost to legacy banks, powering them with technology services to offer better experiences to their members for a broad range of functions from mobile payments to ACH, and credit card processing.

 

“The roll-out of our FinZeo platform for the credit union ecosystem, which continues to grow in assets, presents significant opportunity to provide a fast, cost-efficient transition from legacy systems to tomorrow’s best-of-breed Fintech platforms. FinZeo is a great solution for credit unions and we expect to get solid traction in the space upon this rollout,” stated Luke D’Angelo, AppTech’s Chairman & CEO.

 

Named as an Iconic CEO to Follow in 2024, CIO Views says, “Luke D’Angelo CEO of AppTech Payments Corp. stands out for his innovative leadership and unmatched vision in the Fintech industry.AppTech Payments Corp. isn’t just a Specialty Payments company; it’s a driving force for seamless commerce experiences. FinZeo™, their differentiated digital platform removes the complexity of payment transactions for businesses of all sizes.”

 

Continued: As its CEO says, “We are the Leader in Specialty Payments focusing on building custom eco-solutions using our patented technologies.” This devotion to innovation translates to empowered clients, delivering high conversion and seamless user journeys with minimal effort.

 

Continued: But AppTech doesn’t stop there. Their unified Commerse™ Portal is a game-changer, as it revolutionizes how ISO/ISVs manage payments and banking.. This portal drives operational efficiencies and growth, meeting the economic demands of merchants. Within FinZeo, ISO/ISVs can access a comprehensive suite of solutions, tailoring white-labeled portals to their preferences and requirements.

 

Recently recognized for its excellence in Fintech, Jack Henry (Nasdaq: JKHY)  announced  earlier this month that its Financial Crimes Defender has been selected as winner of the Best Fraud Prevention Platform award in the eighth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global Fintech market today.

 

From the news: Jack Henry Financial Crimes Defender uses advanced Artificial Intelligence (AI) and behavioral analytics to proactively identify new fraud and bank secretary act (BSA) trends in real-time including those involving checks, deposits, transfers, ACH transactions, and instant payments. It is built on a scalable cloud architecture with an intuitive user interface and analytics to reduce false positives. By automating repetitive tasks, Financial Crimes Defender reduces manual work in investigations.

 

Continued: "Financial Crimes Defender solves the fundamental problem for banks and credit unions – management of financial crime risk through proactive and automated detection," said Steve Johansson, Managing Director, FinTech Breakthrough. "We're thrilled to recognize Financial Crimes Defender as 2024's Best Fraud Prevention Platform. By bundling fraud and AML solutions, financial institutions of all sizes can make faster, more informed decisions, minimize false positives and wasted resources, and improve operational efficiency."

 

Futu, a leading Fintech company specializing in securities trading and wealth management (Nasdaq: FUTUannounced earlier this year that its subsidiary, Futu Securities International, has received several prestigious investment awards from the Chicago Mercantile Exchange (CME). This recognition validates its influence and industry positioning, particularly in the field of futures and options investments.

 

Subsidiary of Futu Holdings Limited, Moomoo Technologies Inc. announced on Monday that FinTech Breakthrough recognized the company with its 2024 annual award of "Best Stock Trading App."  Founded in 2018, moomoo is an investment and trading platform that empowers global investors with pro-grade, easy-to-use tools, data, and insights.

 

CNBC and independent research firm Statista announced they are working together for a second year to identify the world’s top Fintech companies, to be named in a published CNBC report this July.

 

Last year’s list of the top 200 Fintech companies included Chinese tech giants Ant Group and Tencent, US Fintech firms PayPal (NASDAQ: PYPL) and Stripe, and European companies like Klarna and Revolut.

 

PayPal Holdings, Inc. recently announced that Tap to Pay on iPhone is now available for all Venmo business profile and PayPal Zettle users in the US, enabling them to accept contactless card and digital wallet payments directly on their iPhones with no additional cost or hardware. This is the latest development in PayPal's ongoing efforts to help small businesses sell more, grow their business, and manage their finances more efficiently.

 

From the news: Consumers are increasingly going cashless. More than 40 percent of Americans surveyed say that none of their purchases are made with cash in a typical week, and that trend is expected to continue. As a result, accepting card and digital wallet payments in person is increasingly table stakes for small businesses, but until recently, businesses have had to purchase and manage card readers to do so. With Tap to Pay on iPhone, PayPal is helping millions of small businesses adapt to this shift in consumer behavior in a fast, easy, and more affordable way.

 

For investors, industry recognition is another tool for due diligence, but using the company’s technology is the best first hand test for defining the winners of the future. 

 

About Investorideas.com - Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech, sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

 

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.. Our site does not make recommendations for purchases or sale of stocks, services or products.  This is not investment opinion: 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 if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring APCX is a paid for news release on Investorideas.com - 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/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Tuesday, March 19, 2024

Fintech Market Size Projected To Grow To $882 Billion By 2030 As Advanced Technologies & Services Expand; @FNMgroup

Fintech Market Size Projected To Grow To $882 Billion By 2030 As Advanced Technologies & Services Expand; @FNMgroup

 

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Palm Beach, FL – March 19, 2024 – FN Media Group News Commentary – FinTech companies provide various financial technology services, tools, or solutions to other businesses (B2B) as a service. These services are typically delivered over the cloud, allowing other companies to integrate and use financial technology capabilities without developing these technologies in-house. Moreover, financial technology providers offer a wide range of financial services and technology solutions, including payment processing, Peer To Peer (P2P) lending platforms, fraud detection, blockchain technology, and more solutions.  These services are significantly used by banks, financial institutions, insurance companies, and others. Thus, growing focus on adoption of advanced technology in financial institutions to fulfill customer expectations is expected to drive the fintech industry growth.  A report from Fortune Business Insights projected that the fintech market size is projected to grow to USD 882.30 billion by 2030, exhibiting a CAGR of 17% during the forecast period (2023-2030).  The report said: “The pandemic accelerated the digital transformation of financial services. As businesses and consumers increasingly turned to online and mobile banking, there was a growing demand for financial technology platforms. In addition, financial technology companies offering payment and transaction processing services experienced a surge in demand as e-commerce, contactless payments, and digital wallets became more prevalent during the pandemic.” Active companies in the markets this week include AppTech’s FinZeo(TM) (NASDAQ: APCX), Nu Holdings Ltd. (NYSE: NU), PayPal Holdings, Inc. (NASDAQ: PYPL), Global Payments Inc. (NYSE: GPN), SoFi Technologies, Inc. (NASDAQ: SOFI).

 

Read this in full at https://www.financialnewsmedia.com/fintech-market-size-projected-to-grow-to-882-billion-by-2030-as-advanced-technologies-services-expand/

 

Fortune Business Insights continued: “Moreover, the economic impact of the pandemic led to an increased demand for lending and credit services. These companies offering digital lending platforms and credit scoring solutions saw growth in this period. These factors fueled the fintech market growth during the pandemic.  North America is leading the fintech market share globally with market value of USD 89.61 billion in 2022. The growing need for customization, regulatory compliance, cross-selling opportunities, and FinTech industry trends are some of the key factors driving market growth in the region. North America, particularly Silicon Valley, is a global center for fintech innovation. Financial technology leverages this environment to drive continuous innovation in financial services.”

 

AppTech’s FinZeo(TM) (NASDAQ: APCX) Fintech Platform to Roll Out to Credit Union Network with Over 2,000 Locations – Company’s largest banking integration to date plans to roll-out to credit unions nationwide: one-third of Americans have credit union memberships  AppTech Payments Corp. (“AppTech”), a pioneering Fintech company powering frictionless commerce, recently announced it has signed an agreement to provide its FinZeo™ platform services to a credit union network with over 2,000 locations. Platform integration is expected to begin in March with completion anticipated in Q2 2024.

 

Following its launch, the FinZeo credit union offering is expected to be available to credit unions nationwide, positioning it as the Fintech platform of the future for credit unions and legacy banks. In 2022, there were over 4,700 credit unions in the U.S. with total assets reaching as much as $2.17 trillion.

 

The FinZeo platform offers custom eco-solutions to enable immersive, high conversion, seamless user experiences for customers with minimal effort.

 

As Fintech continues to drive innovation in banking, legacy banks are challenged to keep up with and effectively compete against newer and larger financial services providers. FinZeo offers a turnkey competitive boost to legacy banks, powering them with technology services to offer better experiences to their members for a broad range of functions from mobile payments to ACH, and credit card processing.

 

“The roll-out of our FinZeo platform for the credit union ecosystem, which continues to grow in assets, presents significant opportunity to provide a fast, cost-efficient transition from legacy systems to tomorrow’s best-of-breed Fintech platforms. FinZeo is a great solution for credit unions and we expect to get solid traction in the space upon this rollout,” stated Luke D’Angelo, AppTech’s Chairman & CEO.  CONTINUED… Read this full press release and more news for AppTech Payments Corp. at:  https://apptechcorp.com/press-release/

 

Other recent developments in the tech industry of note include:

 

Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, recently released its Fourth Quarter and Full Year 2023 financial results. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company’s Investor Relations website at www.investors.nu.

 

“We are building the largest consumer platform in Latin America, with strong earnings-generating capabilities, having delivered over $8 billion in revenues and $1 billion in net profit in 2023. As we work towards surpassing the 100 million customers milestone in 2024, we are investing heavily in new growth avenues to keep transforming potential into profit. We are unlocking the untapped opportunity of our secured and unsecured lending portfolio, gaining share in the upmarket segment in Brazil, and strengthening our presence in Mexico and Colombia with new products and features. This proves our ability to accelerate our company-wide flywheel beyond our core market and keep pursuing further opportunities,” said David Vélez, founder and CEO of Nubank.

 

PayPal Holdings, Inc. (NASDAQ: PYPL) recently announced its fourth quarter and full year 2023 results for the period ended December 31, 2023. The earnings release and related materials discussing these results can be found on PayPal’s investor relations website at https://investor.pypl.com/financials/quarterly-results/default.aspx.

 

PayPal Holdings, Inc. recently hosted a conference call to discuss these results. A live webcast of the conference call will be available at https://investor.pypl.com. In addition, an archive of the webcast will be accessible through the same link.

 

PayPal has remained at the forefront of the digital commerce revolution for more than 25 years. By leveraging technology to make sending money and shopping more convenient, affordable, and secure, the PayPal platform is empowering hundreds of millions of consumers and merchants in approximately 200 markets to join and thrive in the global economy.

 

Global Payments Inc. (NYSE: GPN) recently announced results for the fourth quarter and year ended December 31, 2023.  “We are pleased with our results for the fourth quarter and full year 2023 that were ahead of our initial expectations outlined last February,” said Cameron Bready, President and Chief Executive Officer. “Importantly, we saw consistent business performance throughout the year despite ongoing uncertainties, highlighting the durability and resiliency of our business model.”

 

Bready continued, “We also accomplished a great deal strategically last year, including successfully closing our acquisition of EVO Payments in March, providing further penetration into integrated payments, enhancing our B2B capabilities and expanding our exposure to stronger secular growth markets. Further, we completed the exit of our Netspend Consumer and Gaming Solutions businesses. These transactions represent important milestones as we seek to advance our strategy and operate a simpler business model centered on our core corporate and financial institution customer base.”

 

SoFi Technologies, Inc. (NASDAQ: SOFI), Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc., recently announced an expansion of its relationship with The Bancorp Bank, NA, that enables real-time payments services. Using the RTP® network from The Clearing House, Galileo and The Bancorp are delivering instant money movement between bank accounts, enabling fintechs and brands to solve the longstanding cash flow challenges faced by small businesses (SMBs) and consumers looking to get fast access to their funds.

 

Real-time payments are available any time of day, year-round, ensuring the instant availability of funds even when traditional methods such as ACH and wires are unavailable. In Q3 2023, transaction volume and value over the RTP network hit a record high of 64 million transactions at $34 billion, according to The Clearing House.

 

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM expects to be compensated twenty five hundred dollars for news coverage of the current press releases issued by AppTech Payments Corp. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

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Rare Earth Breaking News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Appoints HCF International Advisers for Strategic Funding Review of Wicheeda REE Project; @defensemetals

Rare Earth Breaking News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Appoints HCF International Advisers for Strategic Funding Review of Wicheeda REE Project; @defensemetals

 


VANCOUVER, BC - March 19, 2024 (Investorideas.com Newswire) Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce the appointment of HCF International Advisers Limited ("HCF"), a leading global independent corporate finance advisory boutique based in London, UK, to conduct a strategic funding review for the Company's wholly-owned Wicheeda Rare Earth Element (REE) Project located in British Columbia, Canada.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2024/03191DEFN-HCF-International-Advisers.asp

HCF specializes in providing comprehensive financial advisory services with a primary focus on the metals and mining sector. The strategic funding review will, among other things, assist Defense Metals in thoroughly analyzing potential funding options and strategic partnerships for the development and advancement of the Wicheeda REE Project beyond the completion of its Preliminary Feasibility Study (PFS) expected in Q2 2024.

 

Craig Taylor, CEO of Defense Metals, commented:

"We are thrilled to collaborate with HCF International Advisers for a strategic funding review of our Wicheeda REE Project. Following our PFS, as we navigate the dynamic landscape of the metals and mining sector, having HCF's expertise on board will be instrumental in evaluating and pursuing optimal funding and strategic partnership opportunities, especially in Europe."

 

About HCF International Advisers

HCF International Advisers is a leading independent corporate finance advisory boutique based in London, UK, specializing in providing strategic financial advice to companies in the metals and mining sector. With a commitment to excellence, HCF has a proven track record of assisting clients in navigating complex financial landscapes.

 

HCF is led by Guy de Sellier de Moranville, President and Co-founder, and Sean Gorman, CEO and Managing Director. HCF's expertise in the financing of internationally recognized mining projects and, in particular, critical minerals, is evidenced by its involvement as financial adviser to projects in Canada, Africa and in particular to Arafura Rare Earths Limited on the financing of the Nolans NdPr Project (Northern Territory, Australia).

 

Guy de Selliers de Moranville - President and Co-founder of HCF

Guy is a seasoned finance professional with a distinguished career. He served as a Senior Advisor to the Atlantic Council's Future Europe Initiative and played key roles in advising the European Commission and co-chairing a joint European/Russian task force for strategic energy projects. Mr de Selliers has held executive positions at Robert Fleming and Co Ltd, was a member of the senior executive team which created the European Bank for Reconstruction and Development (EBRD), and served as Senior Vice President at Lehman Brothers.

 

He has been a member of the board of directors of many influential organizations such as Solvay Group, Ageas Group, AG Insurance Belgium, Ivanhoe Mining, Pamplona, I Pulse, The Cranemere Group Ltd, Renewable Energy Foundation, and Drive Forward. Mr de Selliers, with a Master's degree in engineering and a Master's degree in economics from Louvain University in Belgium, is widely respected for his diverse expertise across various sectors, making him a valuable asset in the international business community.

 

Sean Gorman - CEO & Managing Director of HCF

Sean has over 30 years of experience in the natural resources sector. As a Chartered Engineer, he led the design and construction of oil refineries and onshore gas plants around the world prior to moving into banking, where he worked in project finance and debt restructuring for the power sector. Subsequent to that he was Head of Business Development for a renewable energy company involved in equity investment prior to a successful sale of the company. As CEO of HCF Sean has worked on the financing for a wide range of projects across multiple jurisdictions and commodities though in recent years has had a strong focus on critical minerals and is leading the financing of the Arafura NdPr Project in Australia.

 

About Defense Metals Corp. and its Wicheeda Rare Earth Element Project

Defense Metals Corp. is focused on the development of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Project that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

 

The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

Defense Metals is a proud member of Discovery Group. For more information please visit:
www.discoverygroup.ca.

 

For further information, please visit www.defensemetals.com or contact:

Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding "Forward-Looking" Information

This news release contains "forward-looking information or statements" within the meaning of applicable securities laws, which may include, without limitation, statements relating to the engagement of HCF, potential funding options and strategic partnerships, completion of a preliminary feasibility study on the Wicheeda REE Project, advancing the Wicheeda REE Project, the expectations and plans for the Wicheeda REE Project, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+ (www.sedarplus.ca). While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain or obtain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical, engineering and pricing assumptions, decrease in the price of rare earth elements, the impact of viruses and diseases on the Company's ability to operate, restriction on labour and international travel and supply chains, loss of key employees, consultants, officers or directors, increase in costs, delayed results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

 

Defense Metals Corp. (TSX-V:DEFN /OTCQB:DFMTFis a featured mining stock on Investorideas.com

 

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