Latest news with #Forte
Yahoo
4 days ago
- Business
- Yahoo
Forte Minerals Corp. Closes Oversubscribed Private Placement Offering
'Not for distribution to United States newswire services or for dissemination in the United States.' VANCOUVER, British Columbia, June 16, 2025 (GLOBE NEWSWIRE) -- Forte Minerals Corp. ('Forte' or the 'Company') (CSE: CUAU) (OTCQB: FOMNF) (Frankfurt: 2OA), a copper-gold exploration company focused on Peru, has successfully closed its oversubscribed non-brokered private placement, raising gross proceeds of C$2,690,000. A C$2.4 million financing was initially announced on May 23, 2025. It was met with high investor demand, resulting in the issuance of 6,725,000 units at a price of C$0.40 per unit, and within the right of increase reserved by the Company. Each unit consisted of one common share (a 'Share') and one-half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant entitles the holder to purchase one additional Share at an exercise price of C$0.60 until June 13, Warrants are subject to an accelerated expiry if the Company's shares close at or above C$0.90 for 20 consecutive trading days, upon which the Company may issue a notice accelerating the term of the Warrants to a period of 30 days following such notice. All securities issued are subject to a statutory hold period expiring on December 14, 2025, in accordance with applicable Canadian securities laws. In connection with the Offering, the Company paid total cash finder's fees of C$97,120.00 and issued 231,550 finder's warrants, on the same terms as the Warrants, to certain eligible parties. Use of Proceeds: The net proceeds of the Offering will be used to advance exploration and corporate initiatives across Forte's portfolio, including: Pucarini: Inaugural five-hole drill program (1,750m), targeting a high-sulphidation gold system. Set to kick off in July of 2025. Esperanza: Magnetotelluric (MT) survey to refine drill targeting. Alto Ruri: DIA drill permitting, surface geophysics (IP & CSMAT), sampling, and community agreements. Working Capital Insider Participation: Certain directors and officers of the Company participated in the Offering, subscribing for a total of 50,000 Units. This participation is considered a "related party transaction" under Multilateral Instrument 61-101. The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(b). President and CEO Patrick Elliott commented: 'We are proud to have closed this financing above our original target, which validates market interest in Forte's exploration strategy and our high-impact Peruvian copper-gold portfolio. We look forward to kicking off our summer drill program at Pucarini.' ABOUT FORTE MINERALS CORP. Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper ('Cu') and gold ('Au') assets in Perú. Our strategic partnership with GlobeTrotters Resources Perú S.A.C. ('GTR') grants us access to a comprehensive project pipeline, enabling us to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development. On behalf of FORTE MINERALS CORP.(signed) 'Patrick Elliott' Chief Executive Officer For further information, please contact: Forte Minerals (604) 983-8847info@ : LinkedIn | Instagram | X | Meta | The Drill Down; Newsletter Certain statements included in this press release constitute forward-looking information or statements (collectively, 'forward-looking statements'), including those identified by the expressions 'anticipate', 'believe', 'plan', 'estimate', 'expect', 'intend', 'may', 'should' and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements and information reflect management's current beliefs and are based on assumptions made by and information currently available to the company with respect to the matter described in this new release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in the Company's latest management's discussion and analysis, which is available under the Company's SEDAR+ profile at and in other filings that the Company has made and may make with applicable securities authorities in the future. Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements. Neither the Canadian Securities Exchange (the 'CSE') nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Times
13-06-2025
- Business
- Times
Coolmore Stud dragged into multimillion-dollar ‘doping' row
Coolmore Stud is seeking to extricate itself from a multimillion-dollar legal dispute in New York over a horse that was disqualified from a race in Saratoga, allegedly costing its billionaire owner a fortune in stud fees. Mike Repole claims his horse, Forte, was wrongly disqualified over accusations of doping. The co-founder of Glaceau and BodyArmour, who sold both drinks companies to Coca-Cola for nearly $10 billion combined, is a keen racing fan who invests heavily in the sport. The billionaire argues that Forte broke no rules and also contends in legal papers that the New York State Gaming Commission wrongly allowed the owners of the second-placed horse to act as 'intervenors' during a regulatory hearing over the race. Forte was the subject of a hearing after the race over 'a minor presence of meloxicam [a non-steroidal anti-inflammatory drug] in blood and urine samples'. The thoroughbred was disqualified from the race and had its winner's purse withheld and distributed to the second-placed horse.
Miami Herald
13-06-2025
- Automotive
- Miami Herald
Shopping for a 2025 Kia K4? Here's What Experts Say You Should Look at Instead
Replacing the Forte in Kia showrooms, the K4 sedan debuts with far more style and design elan than the Forte, as high style was never its, um, forte. The new K4 eclipses its predecessor with a very roomy 99 cubic-foot cabin and a healthy 15 cubic feet of cargo space. Having taken a page from Mazda, the K4 can be trimmed to feel more opulent than its market slot. Our recent test car featured faux leather trim and heated and ventilated seats, extravagances that are totally unexpected in this class. Dual 12.3-inch screens, one for instrumentation, one for infotainment, along with a five-inch display fill the large horizontal glass that rests atop the instrument panel. Wireless Apple CarPlay and Android Auto come standard. Most models come with a 147 hp 2.0-liter four-cylinder engine and a continuously variable automatic transmission feeding the front wheels. GT-Line Turbo models get a 190 hp turbocharged 1.6-liter four-cylinder engine, an eight-speed automatic transmission, and a multi-link rear suspension. The EPA rates the 2025 Kia K4 at 33 or 34 mpg, depending on trim, with turbo models rated at 29 mpg. The Kia K4 may boast interesting design, a long list of features, and a roomy cabin, but it belies its driving characteristics, which are totally lackluster. If driving character doesn't matter, you'll find this to be a top candidate, but for those for whom such things matter, you may want to consider one of its rivals. With its timeless good looks, notable fuel economy, and engaging driving experience, the Civic is available as a sedan or hatchback, powered by a 150-horsepower 2.0-liter four-cylinder engine and equipped with a continuously variable automatic transmission, which returns 31-32 mpg, depending on the trim. While both the sedan and hatchback offer 99 cubic feet of passenger space, the sedan offers 14.8 cubic feet of cargo space, while the hatchback provides a generous 24.5 cubic feet of luggage space. A 7-inch digital instrument cluster and a 7-inch infotainment touchscreen with Apple CarPlay and Android Auto are standard. The base Civic feels sprightly around town, although it's fairly slow off the line, a feeling not helped by its transmission. Its athleticism and good steering feel remain intact, making it a satisfying vehicle to drive. If you have the budget, opt for the Civic Hybrid, which generates 200 horsepower, an EPA-rated 49 mpg, and more muscle. More than its rivals, the Mazda3 conveys a sense of extravagance for a mainstream economy car. Available as a sedan or hatchback, this is among the smaller vehicles offered here, with a mere 93 cubic feet of passenger volume and a 13 cubic-foot trunk on the sedan. The hatchback is better in this regard, with 20 cubic feet of cargo space. A 9-inch infotainment display with Apple CarPlay and Android Auto capability is standard, although it's annoyingly controlled by a console-mounted rotary knob. Power comes from a 2.5-liter four-cylinder engine rated at 191 horsepower mated to a 6-speed manual or automatic transmission. A turbocharged 250-horsepower version of the same engine is available, but it comes solely with the automatic transmission. All-wheel drive is optional, but it extracts a 2-3 mpg penalty in fuel economy, which runs 29-31 mpg depending on the model. The Mazda Mazda3 proves to be every bit the athlete that the Honda is, delivering a beautiful balance of handling and ride quality despite lacking an independent rear suspension. But its cabin feels more upscale than others here. It's hard to argue with the Nissan Sentra's prime attribute: value. Like some others here, the powertrain is nothing to write home about. It's a comfortable, compact sedan, offering up 96 cubic feet of passenger space and 14 cubic feet of trunk space. While its 149-horsepower 2.0-liter four-cylinder engine and continuously variable automatic transmission with front-wheel drive don't provide much in the way of driving fun, it does return an EPA-rated 34 mpg. Its cabin is fitted with 7- or 8-inch infotainment displays with Apple CarPlay and Android Auto, with upper trim levels offering upscale touches such as a sunroof and dual-zone climate control. It can feel indulgent when nicely equipped, though, which helps make up for the lackluster driving experience. Now that every Toyota has a hybrid model, company designers created a sporty, aerodynamic Prius that provides a driving experience to match its great new looks. It still returns an EPA-rated 52 mpg while furnishing 194 horsepower from its 2.0-liter engine and electric motors. Front-wheel drive is standard, but all-wheel drive is available, with a two-horsepower bump in power. There's 91.2 cubic feet of passenger space, and a generous 20.3 cubic feet of luggage space, along with six USB-C ports, an 8-inch infotainment touchscreen, wireless Apple CarPlay and Android Auto, and a 4G Wi-Fi hotspot for up to five devices. A 12.3-inch multimedia touchscreen and navigation are optional. The Prius is no longer engineered solely for high mileage, and acceleration proves better than you might expect. Steering is nicely weighted and satisfyingly quick, returning some road feel. Push the Prius and it feels planted, with minimal body lean in corners. It's actually fun to drive, something you could never say before. Inexpensive four-wheel drive can be hard to come by, but not at Subaru, where the Impreza offers what few automakers do. This practical little hatchback provides 99 cubic feet of passenger space and 20 cubic feet of cargo room, making it one of the roomier offerings here. Base models get a 7-inch infotainment touchscreen, while others get a 12-inch touchscreen with wireless Apple CarPlay and Android Auto as well as an auxiliary input jack, a USB-C port, and a USB-A port. Under the hood, you'll find a 152-horsepower 2.0-liter horizontally-opposed four-cylinder engine mated to a continuously variable transmission and standard all-wheel drive. Pricier models get a 182-horsepower 2.5-liter flat four with the same gearbox. The EPA rates the Impreza at 30 mpg with the former and 29 mpg with the latter. The base model is definitely the one to choose, as the larger engine doesn't make a huge difference in performance, and the Impreza's calling is its cheap, practical nature. While it's one of the older models here, the Volkswagen Jetta is worth considering. It offers 94 cubic feet of passenger space and 14 cubic feet of cargo room, with a cabin that is fitted with niceties you'll appreciate, including a leather-wrapped steering wheel, dual-zone climate control, wireless charger, and heated mirrors. An 8-inch digital gauge cluster is standard, although top models get a 10.3-inch unit. An 8-inch infotainment touchscreen comes standard with Apple CarPlay and Android Auto capability. Power comes from a 158-horsepower turbocharged 1.5-liter four-cylinder engine and an eight-speed automatic transmission. While not as sharp a handler as the Mazda or Honda, the Volkswagen Jetta proves to be generally pleasing to drive, with decent power and a somewhat more Teutonic sensibility. Even though we find the 2025 Kia K4's feature list worthwhile, its main tradeoff is a remarkably unremarkable driving experience. While that's true of compact economy cars in general, both the Honda Civic and Mazda3 remain exceptions, and both offer a choice of hatchback or notchback body styles. If your budget allows you to spend a little more, go for a Civic Hybrid or the surprisingly fun Toyota Prius. If frequent inclement weather is a concern, the Subaru Impreza and Mazda3 are good solutions. The Nissan Sentra offers a good value and better driving experience than the Kia, while the Volkswagen Jetta is just a solid, all-around good value. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Forbes
30-05-2025
- Business
- Forbes
What's Behind The 400% Rise In IONQ Stock?
CANADA - 2025/05/09: In this photo illustration, the IonQ logo is seen displayed on a smartphone ... More screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) IonQ Inc. (NYSE: IONQ), a company specializing in quantum computing, has witnessed its stock price rise dramatically by 400% over the past twelve months. This surge demonstrates an increasing interest in quantum computing, a domain that has the capacity to transform multiple industries. Unlike traditional computers that operate on binary bits, quantum computers utilize qubits that can exist in various states at the same time. This core distinction enables them to conduct complex calculations and manage extensive data by examining numerous potential outcomes simultaneously. The scope of quantum computing applications is wide-ranging, encompassing everything from financial modeling and drug discovery to materials science. Nevertheless, despite its potential, quantum computing encounters a major obstacle: the frequency of errors increases as systems become more intricate with higher qubit counts. This characteristic renders the technology inherently unstable, which is typical for emerging advanced technologies. Nonetheless, substantial progress is being made. Firms like Google, IBM, and IonQ have shown the capability to create scalable quantum computers with dozens of qubits, a pivotal advancement toward practical uses. IBM is at the forefront of this field, featuring its 1,121-qubit Condor processor and plans to develop systems with 100,000 qubits by 2033. IonQ has also introduced new quantum systems, such as Forte, which provides software configurability and versatility for researchers. However, if you are seeking potential gains with a more stable investment than an individual stock, you might want to explore the High Quality portfolio, which has surpassed the S&P and achieved >91% returns since its establishment. Additionally, see – Nvidia Stock's 1 Big Risk IonQ provides a variety of quantum computing solutions, including high-performance quantum computers and networking systems. These are available through cloud platforms and direct agreements, such as Amazon Braket, Azure Quantum, and IonQ's own Quantum Cloud. IonQ's unique method employs trapped ions as quantum bits. They specifically utilize ionized ytterbium atoms, which are ionized by removing an electron using lasers in a technique also known as 'trapping.' These ions are held steady by a specialized chip. IonQ's product lineup features IonQ Forte – a 36-qubit quantum computer tailored for commercial and research purposes. An enterprise edition is also offered. Additionally, they provide IonQ Aria: – a 25-qubit quantum computer available through the cloud. The company plans to introduce Tempo later this year, aimed at large enterprises and governmental bodies, featuring 99.9% fidelity. Recently, IonQ's management drew comparisons between their enterprise and Nvidia within the quantum computing landscape, which has further fueled investor enthusiasm. While quantum computing holds immense potential, it is still in a developmental phase and is not yet prepared for widespread practical usage. IonQ's revenue of $43 million over the past twelve months is relatively modest, and the company reported an operating loss of $255 million during that same timeframe. IonQ's stock is particularly vulnerable to negative market conditions, exhibiting significantly greater volatility than the overall market. For example, amid the inflation shock of 2022, IonQ's value dropped by 90%, while the S&P 500 recorded a peak-to-trough decline of 25.4%. Similarly, during the market correction induced by the COVID-19 pandemic, IonQ saw a 51% decrease in value from its peak, contrasting sharply with the benchmark index's 34% decline. This trend underscores the substantial risk of IonQ's stock declining in unfavorable market circumstances. Like many stocks in the quantum computing sector, IONQ represents a high-risk, high-reward investment opportunity. Key elements affecting its direction include ongoing technological advancements and cost management. IonQ could potentially sell many quantum computers in the upcoming years, which might contribute to further increases in its stock price. For investors, backing IonQ equates to supporting the future possibilities of quantum computing and IonQ's role in that future. The company stands out as one of the few providing high-fidelity quantum computing through platforms like Amazon Braket and has significant clients including Hyundai, Airbus, and Dow. As technology progresses, we can anticipate enhanced precision from a wider array of firms in the quantum computing sphere. Reflecting on its previous performance, IONQ stock has exhibited considerable volatility when juxtaposed with the broader markets. The stock returns were 55% in 2021, -79% in 2022, 259% in 2023, and 237% in 2024. In contrast, the Trefis High Quality (HQ) Portfolio, comprising 30 stocks, has displayed much less volatility and has comfortably outperformed the S&P 500 over the last four years. What accounts for this? On average, HQ Portfolio stocks yielded superior returns with lower risk compared to the benchmark index, providing a less tumultuous investment experience, as shown in HQ Portfolio performance metrics.
Yahoo
22-05-2025
- Business
- Yahoo
Stock-Split Watch: Is IonQ Next?
IonQ is a pioneer in the field of quantum computing. Several tech stocks have split their stocks recently, such as Palo Alto Networks and Super Micro Computer. Shares of IonQ are down about 16% since the start of 2025. 10 stocks we like better than IonQ › After several leading tech companies executed stock splits in 2024 -- such as Palo Alto Networks and Super Micro Computer -- many investors have searched for clues indicating whether additional tech stocks will also choose to split their stocks in 2025. Soaring more than 520% over the past three years, a pioneer in quantum computing, IonQ (NYSE: IONQ), is one such popular tech stock that's drawing investor interest right now as a potential stock split candidate. But does the stock's impressive rise necessarily mean that management is preparing for a stock split in the near future? Let's take a closer look at the likelihood that IonQ will soon appear on the stock split calendar. Before examining how likely it is that IonQ will split its stock, it's good to take a step back and review why the stock has soared so much in the first place. Over the past three years, IonQ has made tremendous strides in growing its business -- something that the market has rewarded considerably -- with the launches of its Aria and Forte quantum computers. After reporting revenue of $1.4 million in 2021, IonQ booked sales of $43.1 million in 2024, and it projects continued growth in 2025. Should the company achieve the midpoint of its 2025 sales guidance, it will mean that the company has grown sales at a compound annual growth rate of 170% from 2021 through 2025. It's not just at the top of the income statement where IonQ has enjoyed success. IonQ has grown its gross profit from $1.1 million in 2021 to $22.5 million in 2024, averaging a gross profit margin of 59.9% during the four-year period. Many investors are highly motivated to identify potential stock splits, believing that if they buy shares before the stock splits -- in the case of forward stock splits at least -- they will be in a better position financially with the larger number of shares that they then own after the split takes effect. Experienced investors, however, know that this logic is faulty. Just as your dividing a slice of pizza into thirds doesn't give you three times as much pizza as your original slice, you will have more shares after a forward stock split, but there's no change in the value of your investment. So why do companies split their stocks? There are a variety of reasons, though most frequently it's because the share prices have risen to points that may preclude investors from buying a share. Understanding this, investors who are investigating IonQ will likely conclude that with shares rising as high as about $55 over the past year and trading around $35 as of this writing, it's highly unlikely that management will deem it necessary to implement a stock split. To put IonQ and a potential stock split in perspective, take the aforementioned Palo Alto Networks and Super Micro Computer stocks. Before they split their stocks last year, they were both trading near $400 per share. With the prospect of a stock split off the table, investors may wonder if it's still a reasonable time to click the buy button on IonQ stock. Since the company doesn't generate positive net income, traditional valuation metrics are unhelpful, but with shares plunging about 16% year to date, it seems that today provides a better opportunity than the start of the year. Of course, those interested in a position should perform their due diligence before making a final decision. Before you buy stock in IonQ, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and IonQ wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor's total average return is 975% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool recommends Palo Alto Networks. The Motley Fool has a disclosure policy. Stock-Split Watch: Is IonQ Next? was originally published by The Motley Fool
