Midweek Update Apr 17

Midweek Update Apr 17

Here's a few thing you might have missed this week!

This week, we've got exciting developments from the AI chip market to the resurgence of nuclear power, and the skyrocketing price of gold, we've got you covered.

AI Chip Market

Alset Capital Inc. Announces Certain Shareholders Have Entered into
VANCOUVER, BC / ACCESSWIRE / April 17, 2024 / Alset Capital Inc. (TSXV:KSUM)(FSE:1R60)(W9KN:A3ESVQ) (“Alset” or the “Company”) is pleased to announce a positive development that

Private Placement: Alset Capital Inc. is also planning to raise up to $2,500,000 by selling units of the company. Each unit includes one common share and half of a warrant. A warrant gives the holder the right to buy an additional common share at a fixed price within a certain time period.

Voluntary Pooling Agreement: Some shareholders of Alset Capital Inc. have agreed to not sell a total of 12,726,665 units of the company for a certain period of time. This shows that these shareholders believe in the company's long-term plans and want to support its growth.

Release Schedule: The shares under the Pooling Agreement will be released gradually over 18 months. This means that the shareholders can't sell all their shares at once, but can sell them in smaller portions over time.

Nvidia and Google Collaborate on AI as Stocks Remain in Focus
Nvidia (NVDA) and Alphabet (GOOGL) continue to be in high demand within the artificial intelligence space. Both companies have secured spots on the Investor’s Business Daily Breakout Stocks

Alaskan Entrepreneur Greg Beischer Accepted into the Prestigious Forbes
In a remarkable achievement, Greg Beischer, the founder of Alaska Energy Metals, has been accepted to join the Forbes Business Council, a prestigious growth and networking organization for successful

Greg Beischer's Achievement: Greg Beischer, the founder of Alaska Energy Metals, has been accepted into the Forbes Business Council. This is a big accomplishment because the Forbes Business Council is a well-known and respected group for successful business owners and leaders from all over the world.


Uranium Outlook

Bullish outlook for uranium: Investors and industry experts remain optimistic about the uranium sector's prospects. Analysts project an average supply deficit of 35 million pounds per year over the next decade, considering existing production, secondary supply, and returning mine production.

Lithium Lion Enters Into Option Agreement To Acquire The Boulder Creek
Vancouver, British Columbia - TheNewswire – April 15, 2024- Lithium Lion Metals Inc. (“Lithium Lion” or the “Company”) (CSE:LLM) (OTC:GLIOF) (FWB:2BC) is pleased to announce, that further to the Compa

Lithium Lion Metals Inc. has entered into an exciting option agreement to acquire a 100% interest in the promising Boulder Creek uranium property in Alaska. With a favorable acquisition structure, strong geological potential, and alignment with the company's strategic objectives, this deal positions Lithium Lion to significantly expand its uranium asset portfolio and capitalize on the property's exploration upside.

Nuclear Power Resurgence: Japan and China Lead the Way as
The global nuclear power industry is experiencing a resurgence, with Japan and China at the forefront of this renewed push for clean, reliable energy. This shift comes as countries seek to reduce

Uranium Market is Doing Well: Because more countries are using nuclear power, the market for uranium (the fuel used in nuclear reactors) is doing very well. The price of uranium has doubled since the beginning of 2023, reaching $106 per pound in January. This is because more power companies are buying uranium, and people realize that nuclear power is important for having clean energy.


The Yellow Metal

Gold prices are influenced by a variety of economic factors like inflation, interest rates, currency movements, supply and demand, and central bank activity. With many experts predicting a bright future for gold, it remains an attractive investment option for many people looking to protect their wealth during uncertain times.

Navigating the Gold Bull Market: Strategies for Success
Gold is suddenly racing higher, powered by forces that have been building for years. This gold move is completely different from previous gold bull markets. Gold moves are usually driven by Western

Gold is Rising Fast: Gold prices are increasing quickly, and this is different from previous times when gold prices went up. Usually, gold prices rise when Western investors (people and companies from North America and Europe) are worried about risks and inflation. But this time, it's because of what's happening in China.

Steppe Gold Enters Into Share Exchange Agreement to Acquire Boroo Gold and
ULAANBAATAR, Mongolia, April 11, 2024 (GLOBE NEWSWIRE) — Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold”) is pleased to announce that, further to its press releases dated Janua

Steppe Gold has entered into a share exchange agreement to acquire Boroo Gold LLC in an all-share transaction, while simultaneously agreeing to sell its Tres Cruces Oxide Project to Boroo Pte Ltd. for approximately CAD$12 million, in a move that accelerates Steppe Gold's path to becoming a multi-asset, Mongolia-focused mining group with strong cash flow to support its growth plans.

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Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

Alset Capital Inc. Announces $26 Million H100 Server Contract by Investee Company Cedarcross

News Release Highlights: * Alset investee, Cedarcross signs $26 million Nvidia H100 GPU server contract. * Cedarcross achieves approx. $28 million cumulative revenue year to date with its high-performance computing (“HPC”) server distribution business vertical alone. * Nvidia’s H100 Servers are used in “transformational AI Training”, offering up to “7x higher performance

By Financial Gambits