Latest news for Usha Resources (OTC:USHAF) Stock

Usha Resources Ltd is a mineral acquisition and exploration company focused on the development of quality battery metal properties that are drill-ready with high-upside and expansion potential. It is engaged in acquiring and exploring interests in mineral properties located in North America. The company's portfolio includes Jackpot Lake, a lithium brine project in Nevada, and six lithium pegmatite projects in Ontario: White Willow, Triangle Lake, Gathering Lake, Lee Lake, Bluett, and Mead project.

Lithium.Shutterstock

GPAC

USHAF

The SPAC comes at a time when lithium prices are well off their highs from 2022 amid tempered expectations about the EV industry.

EXCLUSIVE: Lithium Refiner Stardust Power Expects SPAC Deal Completion In June

Usha Resources Ltd

Nokia Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) shares are trading lower premarket Tuesday. The company disclosed a collaboration with CommScope Holding Company, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) RUCKUS Networks to develop a solution for seamless in-building <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40679728/nokia-and-ruckus-networks-collaborate-to-deliver-integrated-fiber-and-wi-fi-in-buildingcampus-conn" rel="noreferrer noopener">and campus-wide connectivity</a>.
This partnership is expected provide an integrated fiber and Wi-Fi solution tailored to various industry needs, including MDUs, offices, large venues, hospitality, and medical facilities.
The collaboration integrates Nokia&#8217;s fiber-based Optical LAN with RUCKUS Networks&#8217; enterprise Wi-Fi and switching technologies, creating an integrated&nbsp;infrastructure.
Sandy Motley, President of Fixed Networks at Nokia, said,&nbsp;&#8220;Fiber is a fantastic technology with a wide range of benefits. As an Optical LAN, it can reduce energy costs by 40% and TCO by as much as 50%.&#8221;
&#8220;When combined with RUCKUS&#8217;s industry-leading Wi-Fi portfolio, we are creating a campus connectivity solution that will allow enterprises to grow their business, reduce their costs, and be more sustainable.&#8221;
Last month, Nokia denied reports of selling its mobile network business and stated that it is dedicated to the <a target="_blank" href="https://www.benzinga.com//node/40650389" rel="noreferrer noopener">success of its mobile network business</a>.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Digital Infrastructure and Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDGT#NYSE">IDGT</a>) and&nbsp;Defiance Connective Technologies ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIXG#NASDAQ">SIXG</a>).
Price Action: NOK shares are down 1.35% at $4.40 premarket at the last check Tuesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40647045" target="_blank" rel="noreferrer noopener">Tesla Recalls 870 Model X Vehicles In China Due To Safety Concerns Over Roof Trim Panels</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Large Cap

News

Contracts

COMM

iShares U.S. Digital Infrastructure and Real Estate ETF

IDGT

SIXG

Nokia Teams Up With CommScope's RUCKUS For Next-Gen Fiber-Wi-Fi Solutions: Details

Ascendiant Capital analyst Edward Woo maintains Outlook Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) with a Buy and lowers the price target from $35 to $33.

Price Target

Analyst Ratings

OTLK

Ascendiant Capital Maintains Buy on Outlook Therapeutics, Lowers Price Target to $33

BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>) recalling its Mini Cooper SE electric vehicles due to battery overheating problems, <a href="https://www.benzinga.com/markets/equities/24/05/38923402/bmw-mini-cooper-imports-linked-to-banned-chinese-components-report">potentially impacting over 140,000 cars globally.</a>
What Happened: According to the company, around 39,000 vehicles in Germany could be affected. The automaker emphasized that there have been no disclosed accidents or injuries related to this issue, Reuters reported on Monday.
The battery system issues could lead to overheating, and &#8220;a vehicle fire, even when the vehicle is parked, cannot be ruled out,&#8221; the statement noted.
The car&#8217;s software includes a diagnostic function that detects battery malfunctions and alerts the driver. Customers receiving this alert are advised to visit a Mini partner, the company added, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/09/40672229/starlink-ineligible-for-nearly-900m-in-subsidies-says-fcc-spacex-ceo-elon-musk-says-it-is-flat-out-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Starlink Ineligible For Nearly $900M In Subsidies, Says FCC: SpaceX CEO Elon Musk Says It Is &#8216;Flat-Out Lying&#8217;</a>
Why It Matters: This recall is part of a broader trend of safety concerns for BMW. Recently, the company recalled nearly 721,000 vehicles in the U.S. due to <a href="https://www.benzinga.com/news/24/08/40460548/bmw-recalls-nearly-721k-vehicles-in-us-over-short-circuit-worries-both-gas-and-hybrid-electric-cars">short-circuit risks</a>, which could also lead to fires. This recall included both internal combustion engine (ICE) and hybrid electric cars.
Earlier in August, BMW recalled over 105,000 vehicles in the U.S. due to fire risks stemming from <a href="https://www.benzinga.com/news/24/08/40248854/bmw-recalls-over-105k-vehicles-in-u-s-over-fire-risks-due-to-overheating-starter-motor">overheating starter motors</a>. This issue similarly posed significant safety concerns. 
Additionally, BMW is working to solidify its partnership with Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) to expedite the development of fuel cell vehicles (FCV), aiming to enhance its <a href="https://www.benzinga.com/news/earnings/24/08/40603154/toyota-bmw-to-solidify-partnership-to-expedite-fcv-development">competitiveness in the hydrogen-powered car market</a>.
These recalls come at a time when Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly losing its &#8220;cool factor&#8221; among younger consumers, while brands like BMW continue to <a href="https://www.benzinga.com/news/24/08/40244060/teslas-cool-factor-ebbing-while-these-2-auto-brands-command-more-loyalty-than-elon-musks-ev-giant-mo">command strong loyalty</a>, according to a Morgan Stanley survey released in August.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40646699/teslas-china-woes-just-got-worse-xpengs-model-3-killer-receives-over-30k-orders-in-48-hours-of-l?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s China Woes Just Got Worse: XPeng&#8217;s Model 3 Killer Receives Over 30K Orders In 48 Hours Of Launch</a></li>
</ul>
Image: BMW
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Markets

Tech

BMWYY

TSLA

BMW Recalls Over 140K Mini Cooper SE Electric Vehicles Globally Due To Battery Overheating Risks

Ascendiant Capital analyst Edward Woo maintains AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) with a Buy and lowers the price target from $5.25 to $5.

Ascendiant Capital Maintains Buy on AIM ImmunoTech, Lowers Price Target to $5

Oppenheimer analyst Owen Lau initiates coverage on Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) with a Outperform rating and announces Price Target of $1967.

Initiation

FICO

Oppenheimer Initiates Coverage On Fair Isaac with Outperform Rating, Announces Price Target of $1967

TOUR

Tuniu And Thailand's Tourism Authority Ink Strategic Partnership, To Enhance Chinese Visitor Experience

SEKISUI intends to build multiple facilities in municipalities across Japan which incorporate equipment packages, engineering and advisory services, consumables, and intellectual property provided by LanzaTech.

LNZA

LanzaTech Global Sign Master License Agreement With SEKISUI CHEMICAL To Develop Multiple Commercial Scale Waste-to-Ethanol Plants Across Japan

Health Care

General

ENSG

Ensign Group Acquired The Operations Of Prairie Ridge Health And Rehabilitation, A 102-bed Skilled Nursing Facility In Park, Kansas, Deal Terms Were Not Disclosed

The agreement will remain in effect for two years with the option to extend the agreement for an additional one-year period and includes product purchasing minimums of $5.0 million for the first year and incremental increases each subsequent year.&nbsp;

RMTI

Rockwell Medical Announced A Distribution Agreement With Nipro Medical, To Supply Liquid And Dry Acid And Bicarbonate Hemodialysis Concentrates, As Well As Its Dry Acid Concentrates Mixer, For Which Nipro Has The Right To Distribute Rockwell's Products Globally, Excluding US

Mizuho analyst John Roberts upgrades Intl Flavors &amp; Fragrances (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) from Neutral to Outperform and raises the price target from $109 to $120.

Upgrades

Mizuho Upgrades Intl Flavors & Fragrances to Outperform, Raises Price Target to $120

Billionaire investor Mark Cuban revealed that he helped fund Robert F. Kennedy Jr.&#8216;s efforts to secure a spot on the North Carolina presidential ballot. This revelation comes amid Kennedy&#8217;s ongoing lawsuit to have his name <a href="https://www.benzinga.com/news/24/09/40679223/mark-cuban-explains-why-despite-getting-a-lot-of-flak-from-elon-musk-and-others-he-continues-to-post">removed from the same ballot</a>.
What Happened: Cuban, part-owner of the Dallas Mavericks, took to social media platform X to disclose his involvement. He revealed that he helped pay for the lawsuit that got RFK Jr. and philosopher Cornel West on the North Carolina ballot through an organization called Voter Choice.
 &#8220;You know who helped pay for the lawsuit that got RFK Jr. and @CornelWest on the NC Ballot? Me,&#8221; Cuban wrote. 
He explained his motivation, stating, &#8220;I&#8217;m not a fan of the two party system and @voterchoice helps get candidates on ballots. And we are good at it.&#8221;
The billionaire clarified that his support was channeled through an organization called Voter Choice. &#8220;His NC org came to us for help. We helped. No cost to them,&#8221; Cuban added.
Responding to the irony of Kennedy now seeking to remove his name from the ballot, Cuban remarked, &#8220;So I don&#8217;t feel bad that he can&#8217;t get off the ballot.&#8221; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You know who helped pay for the lawsuit that got RFKjr and <a href="https://twitter.com/CornelWest?ref_src=twsrc%5Etfw">@CornelWest</a> on the NC Ballot ? Me. I help fund <a href="https://twitter.com/voterchoice?ref_src=twsrc%5Etfw">@voterchoice</a>. I'm not a fan of the two party system and <a href="https://twitter.com/voterchoice?ref_src=twsrc%5Etfw">@voterchoice</a> helps get candidates on ballots. And we are good at it. His NC org came to us for help. We… <a href="https://t.co/cdhSrm7CWp">https://t.co/cdhSrm7CWp</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1830716043091988639?ref_src=twsrc%5Etfw">September 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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He further emphasized that the process was not as expensive as some might believe, saying, &#8220;No one spent millions to take him off or keep him off. Lol. Or to put him on the ballot.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">No one spent millions to take him off or keep him off. Lol. Or to put him on the ballot. He should have dropped out sooner
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1830729220131029367?ref_src=twsrc%5Etfw">September 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Cuban defended his actions, explaining, &#8220;I don&#8217;t give money to PACs or Candidates or the parties. I give money to orgs that help candidates get on the ballot to compete with the two big parties. I&#8217;ve been doing it for YEARS.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I don't give money to PACs or Candidates or the parties. I give money to an orgs that helps candidates get on the ballot to compete with the two big parties. I've been doing it for YEARS. This is the first time I said anything because he dropped out a week after we got him…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1830729875193213360?ref_src=twsrc%5Etfw">September 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The situation has become complicated as Kennedy recently decided to <a href="https://www.benzinga.com/general/politics/24/08/40535286/rfk-jr-suspends-2024-presidential-campaign-endorses-trump-to-block-democrats-from-white-house">suspend his campaign in 10 swing states</a>, reportedly to boost former President Donald Trump&#8217;s chances. This decision prompted Kennedy to file a lawsuit against North Carolina to have his name removed from the 2024 presidential ballot.
However, North Carolina officials have denied Kennedy&#8217;s request, citing practical and financial constraints. According to state officials, 1.7 million ballots have already been printed and are scheduled to be sent out for absentee voting on Friday, Sept. 6. They argue that reprinting would be both costly and impractical at this stage.
This incident has sparked debate about the influence of wealthy individuals in the political process. When questioned about the ethics of his involvement, Cuban defended his stance, saying, &#8220;This is the first time I said anything because he dropped out a week after we got him on.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/40672140/trump-vs-harris-new-poll-shows-vice-president-preserves-pre-dnc-lead-but-needs-to-address-3-key-issu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: New Poll Shows Vice President Preserves Pre-DNC Lead, But Needs To Address 3 Key Issues Ahead Of November Election</a>
Why It Matters: Cuban&#8217;s involvement in the political landscape is not new &#8211; the &#8220;Shark Tank&#8221; host has been vocal about various political issues. Last week, he questioned Trump&#8217;s plan to <a href="https://www.benzinga.com/news/24/08/40643937/mark-cuban-wants-someone-to-explain-to-him-how-trump-would-tax-a-foreign-nation">tax foreign nations</a> to revive the auto industry in Michigan.
Moreover, on Monday, Cuban raised concerns about the <a href="https://www.benzinga.com/news/24/09/40673183/mark-cuban-raises-alarm-over-trump-vs-harris-poll-results-804k-votes-against-just-656k-engagements-c">discrepancy in the results of his poll on X</a> between Trump and Vice President Kamala Harris, hinting at potential algorithmic influence by Elon Musk on the social media platform X.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40673148/t-mobile-customers-will-get-starlink-satellite-internet-directly-on-their-mobiles-first-and-others-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">T-Mobile Customers Will Get Starlink Satellite Internet Directly On Their Mobiles First And Others Only Later, Says SpaceX CEO Elon Musk</a></li>
</ul>
Photo courtesy: Gage Skidmore via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Social Media

Politics

RFK Jr Fought To Have His Name On The Ballot In North Carolina. He's Now Fighting To Get It Removed: Billionaire Investor Mark Cuban, Who Funded The Lawsuit, Says He Doesn't 'Feel Bad' That Kennedy Can't Withdraw

Morgan Stanley analyst Stephen Grambling reinstates Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) with a Equal-Weight and announces $5.5 price target.

SHCO

Morgan Stanley Reinstates Equal-Weight on Soho House, Announces $5.5 Price Target

Ascendiant Capital analyst Edward Woo maintains Aemetis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMTX#NASDAQ">AMTX</a>) with a Buy and lowers the price target from $20 to $19.

AMTX

Ascendiant Capital Maintains Buy on Aemetis, Lowers Price Target to $19

In a recent development, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) saw a minor pre-market dip on Tuesday. The decline comes in the wake of a potential strike by 32,000 of the company&#8217;s workers.
What Happened: The contract between Boeing and the International Association of Machinists is on the brink of expiration on Sep. 12. In the absence of a new agreement, the workers who assemble its aircraft in Washington state are gearing up for the company&#8217;s first strike in 16 years. Union local head Jon Holden expressed that the chances for a deal seem slim at the moment, CNN<a href="https://edition.cnn.com/2024/09/01/business/boeing-strike-threat/index.html"> reported</a> on Tuesday.
Holden pointed out that the primary disagreements include wages, health care, retirement, and time off. This potential strike adds to a series of high-profile problems for Boeing, which has been dealing with fatal crashes due to design flaws, allegations of prioritizing profits over quality and safety, a decrease in aircraft sales, and rising debt levels.
Despite both parties expressing a wish to avoid a strike, the resentment of union members over recent contract concessions and difficulties at the company could make reaching an agreement difficult. 
Boeing&#8217;s shares were trading at $169 at the time of writing, 2.73% down from Monday&#8217;s closing price of $173.74, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
See Also: <a href="https://www.benzinga.com/news/24/08/40666864/rudy-giulianis-legal-troubles-deepen-former-georgia-election-workers-seek-to-seize-assets?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Rudy Giuliani&#8217;s Legal Troubles Deepen: Former Georgia Election Workers Seek To Seize Assets</a>
Boeing issued a statement affirming their commitment to bargaining in good faith and focusing on the issues important to their employees and their families. However, Holden insisted that any deal that can gain the support of the workers needs to recapture some of the concessions the union surrendered in two previous agreements since 2008.
Why It Matters: The potential strike comes at a time when Boeing is already grappling with a safety crisis. Newly appointed CEO Kelly Ortberg, who replaced Dave Calhoun, <a href="https://www.benzinga.com/news/24/08/40282460/boeings-new-ceo-kelly-ortberg-shifts-base-to-seattle-amid-airplane-makers-safety-crisis">recently relocated to Seattle</a> to address these issues. The move followed criticism that the company had lost touch with its manufacturing roots.
Adding to the company&#8217;s woes, a Boeing 737 aircraft recently <a href="https://www.benzinga.com/top-stories/24/08/40585703/boeing-737-aircraft-experiences-engine-trouble-during-alaska-airlines-flight-forced-to-turn-around">experienced engine trouble</a> during an Alaska Airlines flight, forcing it to turn around. This incident occurred even as Boeing sees <a href="https://www.benzinga.com/markets/equities/24/08/40571260/boeing-sees-strong-demand-for-planes-in-china-expects-fleet-to-double-by-2043">strong demand for planes in China</a>, expecting its fleet to double by 2043.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40670936/tesla-bull-ross-gerber-sets-6-month-deadline-for-elon-musk-led-ev-company-to-improve-performance?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Bull Ross Gerber Sets 6-Month Deadline For Elon Musk-Led EV Company To Improve Performance Or He Plans To Exit His Position: &#8216;See The Stock As Really Overvalued&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

WIIM

Pre-Market Outlook

Boeing Shares Dip In Pre-Market As 32K Workers Plan Company's First Strike In 16 Years

Loop Capital analyst Ananda Baruah upgrades NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) from Hold to Buy and raises the price target from $121 to $150.

NTAP

Loop Capital Upgrades NetApp to Buy, Raises Price Target to $150

Ascendiant Capital analyst Edward Woo maintains Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) with a Buy and lowers the price target from $21 to $19.

SOPA

Ascendiant Capital Maintains Buy on Society Pass, Lowers Price Target to $19

TotalEnergies SE&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) formed a 50/50 joint venture with Adani Green Energy Limited (AGEL), featuring a 1,150 MWac (1,575 MWp) solar portfolio in Khavda, Gujarat.
AGEL will contribute assets to the joint venture, while TotalEnergies will invest $<a target="_blank" href="https://totalenergies.com/news/press-releases/india-totalenergies-invest-new-solar-portfolio-over-1-gw-adani-green" rel="noreferrer noopener">444</a> million in equity to support development.
This partnership will boost TotalEnergies&#8217; strategic alliance with AGEL, supporting its goal to become a global renewable energy leader by reaching 50 GW of renewable capacity by 2030.
The solar projects will sell electricity through Power Purchase Agreements (PPAs) with the federal agency Solar Energy Corporation of India (SECI) and via the wholesale market.
AGEL currently operates over 11 GW of solar and wind capacity in India. This transaction positions TotalEnergies to benefit from India&#8217;s electricity market liberalization.
The transaction&#8217;s signing and completion are subject to AGEL shareholder approval and customary closing conditions, including regulatory approvals.
Last month, TotalEnergies delivered its first 100% biofuel bunker in Singapore, advancing shipping&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40312018/totalenergies-accelerates-decarbonization-with-biofuel-breakthrough-details" rel="noreferrer noopener">decarbonization with UCOME biofuel</a>.
For FY24, the company had reaffirmed net investments of&nbsp;$17 billion-$18 billion, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39953583/energy-giant-totalenergies-misses-on-q2-bottomline-details" rel="noreferrer noopener">including&nbsp;$5 billion&nbsp;for Integrated Power.</a>
Investors can gain exposure to the stock via&nbsp;First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIPX#NYSE">EIPX</a>) and&nbsp;First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIPI#NYSE">EIPI</a>).
Price Action: TTE shares are down 1.20% at $68.17 premarket at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/24/08/40602096/totalenergies-hit-with-48m-fine-for-market-manipulation" target="_blank" rel="noreferrer noopener">TotalEnergies Hit With $48M Fine For Market Manipulation</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

EIPI

First Trust Exchange-Traded Fund IV FT Energy Income Partners Strategy ETF

EIPX

TotalEnergies Invests In Indian Solar Projects, Forms JV with Adani Green Energy

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Outperform and raises the price target from $255 to $275.

Keefe, Bruyette & Woods Maintains Outperform on Progressive, Raises Price Target to $275

Ascendiant Capital analyst Edward Woo maintains IGC Pharma (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IGC#AMEX">IGC</a>) with a Buy and raises the price target from $3.5 to $3.75.

Ascendiant Capital Maintains Buy on IGC Pharma, Raises Price Target to $3.75

BMO Capital analyst Bhavesh Lodaya initiates coverage on Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Market Perform rating and announces Price Target of $50.

BMO Capital Initiates Coverage On Olin with Market Perform Rating, Announces Price Target of $50

Usha Resources Ltd. (TSE:USHA) has released an update. Usha Resources Ltd. has recently made significant progress on their White Willow Lithium Peg...

Usha Resources Advances Lithium Project

Usha Resources Ltd. (TSE:USHA) has released an update. Usha Resources Ltd. has expanded its White Willow Project, acquiring the Abiwin lithium pegm...

Usha Resources Amplifies Lithium Project Reach

Usha Resources Ltd. (TSE:USHA) has released an update. Usha Resources Ltd. has completed the acquisition of the Abiwin Property, adding 38 mineral ...

Usha Resources Expands Lithium Exploration Territory

Usha Resources Ltd. (TSE:USHA) has released an update. Usha Resources Ltd. is advancing its White Willow Lithium Pegmatite Project in Ontario with ...

Usha Resources Advances Major Lithium Project

Usha Resources Ltd. (TSE:USHA) has released an update. Usha Resources Ltd. has announced its intention to divest up to 90% of its Jackpot Lake Lith...

Usha Resources Plans Major Lithium Project Sale

Usha Resources (TSE:USHA) has released an update. Usha Resources Ltd., a North American lithium exploration company, has partnered with Hillside Co...

Usha Resources Boosts Visibility with Strategic Marketing Move

Usha Resources (TSE:USHA) has released an update. Usha Resources Ltd. has secured an option to acquire a full interest in the Southern Arm property...

Usha Resources Expands with Southern Arm Property Acquisition

Usha Resources (TSE:USHA) has released an update. Usha Resources Ltd. has announced a significant digital marketing initiative by signing an agreem...

Usha Resources Boosts Marketing and Exploration Efforts

Usha Resources (TSE:USHA) has released an update. Usha Resources Ltd. has announced their congratulatory message to Stardust Power, Inc. for its NA...

Usha Resources Outlines Jackpot Lake Project Deal

Usha Resources (TSE:USHA) has released an update. Usha Resources has announced the discovery of spodumene at its White Willow project and is gearin...

Usha Resources Ramps Up Exploration Efforts

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Lithium refining company Stardust Power is expected to begin trading on the Nasdaq in June following the completion of a $490 million <a href="https://www.benzinga.com/markets/equities/24/05/38865748/struggling-chinese-ev-maker-aiways-stages-comeback-via-400m-us-spac-deal-after-zeekrs-stellar-ne">blank-check deal</a>, CEO Roshan Pujari told Benzinga.



The company is currently building a lithium refinery in Oklahoma. 



The SPAC comes at a time when lithium prices are well off their highs from 2022 amid tempered expectations about the electric vehicle industry. Demand for the battery metal is expected to strengthen over the long term as more electric vehicles (EVs) are adopted. 



Also Read: <a href="https://www.benzinga.com/markets/commodities/24/03/37857275/exclusive-battery-companies-back-small-miners-for-long-term-provide-bright-spot-as-funding-ma">EXCLUSIVE &#8211; Battery Companies Back Small Miners For Long Term, Provide Bright Spot As Funding Market Crashes</a>



"We remain bullish on EV growth," Pujari said.



One reason is that states including California are phasing out the sale of new cars with purely internal combustion engines, he said.



New York, Maryland, Massachusetts, New Jersey, Oregon, Rhode Island, Washington, Virginia and the District of Columbia have followed California's lead in a full ban of new sales of pure internal combustion engine vehicles in 2035. Europe is also clamping down on those types of automobiles.



Expectations for strong EV demand helped lift lithium prices to record highs in 2022. Since then, major automakers have tempered their expectations for EV production as consumers worry about EV expense, range and charging time. EV sales are still growing, just at a slower rate.



In the meantime, the Biden administration has been looking to bolster supply chains for minerals critical to the energy transition from outside China, which dominates lithium refining.



Pujari said he is "cautiously optimistic" about lithium prices rising as Chinese processors have been destocking.



"Chinese processors working through excess inventory tightens the market," he said.



The ability to manufacture battery grade lithium outside China is important, Pujari said.



To that end, Stardust Power is developing a lithium refinery in Oklahoma that is expected to be able to produce up to 50,000 metric tons of battery-grade lithium from American brine sources.



To help raise capital for the project, Stardust plans to go public on the Nasdaq under the ticker symbol SDST via a combination with special purpose acquisition company Global Partner Acquisition Corp II (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAC#NASDAQ">GPAC</a>), also known as a blank-check company.



Pujari said he expects the deal to close and the new listing be effective in June.&nbsp;



In addition to the refinery, Stardust is developing upstream lithium supply lines to become a more vertically integrated company.&nbsp;



Last week, Vancouver-based Usha Resources Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/USHAF#OTC">USHAF</a>) said it had signed a letter of intent granting Stardust the right to earn up to a 90% interest in Usha's Jackpot Lake lithium brine project minus a 2% royalty.



In February, Australia-based QX Resources Ltd.&nbsp;said it and Stardust signed a letter of intent to assess brines from QXR's Liberty lithium brine project in California.



Now Read: <a href="https://www.benzinga.com/government/24/02/37203466/energy-transition-metals-at-stake-potential-us-mining-law-update-pits-industry-against-environmental" target="_blank" rel="noreferrer noopener">Energy Transition Metals At Stake &#8211; Potential US Mining Law Update Pits Industry Against Environmentalist</a><a href="https://www.benzinga.com/government/24/02/37203466/energy-transition-metals-at-stake-potential-us-mining-law-update-pits-industry-against-environmental" target="_blank" rel="noreferrer noopener">s</a>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to&nbsp;<a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener"></a><a href="mailto:_licensing@benzinga.com" target="_blank" rel="noreferrer noopener">_licensing@benzinga.com</a>_&nbsp;to get started!

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