Latest news for Vital Metals (OTC:VTMXF) Stock

Vital Metals Ltd is a mineral exploration company focusing on rare earth, technology metals, and gold projects. The company has one geographical segment, Canada. Its projects include the Nechalacho Project in Canada.

China,And,Canada

Commodities

OSIIF

SLSSF

SRGMF

VTMXF

ZIJMF

&#34;We need to be working to solve access to capital issues, but the answer cannot be investment from Chinese state-owned industries,&#34; Jonathan Wilkinson tells Bloomberg.

&#39;The Answer Cannot Be China,&#39; Canada&#39;s Wilkinson Says: Mining Scrutiny Intensifies As SRG Scraps Deal

Vital Metals Ltd

Shares of DLocal Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLO#NASDAQ">DLO</a>) rose sharply in today's pre-market trading after the company reported better-than-expected <a href="https://www.benzinga.com/quote/DLO/earnings">third-quarter revenue results</a>.
DLocal reported quarterly earnings of 9 cents per share which missed the analyst consensus estimate of 11 cents per share. The company reported quarterly sales of $185.774 million which beat the analyst consensus estimate of $181.463 million.
DLocal shares jumped 18.3% to $10.70 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) gained 91.1% to $0.0472 in pre-market trading after surging 32% on Wednesday.</li>
<li>SRIVARU Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) rose 40% to $0.0339 in pre-market trading.</li>
<li>XTI Aerospace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) gained 35.7% to $0.0777 in pre-market trading after gaining 18% on Wednesday.</li>
<li>Nuburu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NASDAQ">BURU</a>) gained 28.7% to $0.5335 in pre-market trading.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) gained 26.9% to $8.25 in pre-market trading after the company reported second-quarter results.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) climbed 25.8% to $3.34 in pre-market trading after jumping more than 92% on Wednesday.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) gained 20.5% to $21.40 in pre-market trading. Zeta Global increased its share repurchase program with $100 million buyback authorization through 2026.</li>
<li>1847 Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NYSE">EFSH</a>) gained 17.7% to $0.5301 in pre-market trading after dipping 58% on Wednesday.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) gained 14.6% to $2.04 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Calidi Biotherapeutics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDI#NYSE">CLDI</a>) shares tumbled 27% to $2.47 in pre-market trading after the company announced a proposed public offering.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) shares fell 26.5% to $0.1329 in pre-market trading after jumping over 40% on Wednesday.</li>
<li>Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) declined 25.8% to $38.45 in pre-market trading after the company reported worse-than-expected third-quarter sales results.</li>
<li>Ibotta, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NYSE">IBTA</a>) shares fell 22.9% to $57.75 in pre-market trading after the company reported quarterly results.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) fell 18.7% to $0.3658 in pre-market trading after gaining around 10% on Wednesday.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) dipped 18.3% to $0.0850 in pre-market trading after the company reported a 1-for-50 reverse stock split.</li>
<li>Matinas BioPharma Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTNB#NYSE">MTNB</a>) shares dipped 15.9% to $0.5969 in pre-market trading after falling around 5% on Wednesday.</li>
<li>ESS Tech, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) fell 13.8% to $7.68 in pre-market trading following third-quarter results.</li>
<li>Taysha Gene Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSHA#NASDAQ">TSHA</a>) fell 10.8% to $1.9700 in pre-market trading following third-quarter results.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) fell 10.1% to $18.27 in today's pre-market trading. Super Micro Computer shares fell 6% on Wednesday after the company announced it was unable to file its quarterly report for the period ending Sept. 30 in a timely manner.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41962884/us-stocks-settle-mixed-following-inflation-data-investor-sentiment-improves-but-fear-index-remains-in-greed-zone">US Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

News

Pre-Market Outlook

Markets

Movers

Trading Ideas

BJDX

BURU

CLDI

CYCC

DBGI

EFSH

ELAB

HROW

IBTA

MTNB

QBTS

QUBT

SMCI

SVMH

TSHA

XTIA

ZCAR

ZETA

Why DLocal Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket

Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) reported quarterly earnings of $0.08 per share. This is a 3.57 percent decrease over earnings of $0.08 per share from the same period last year. The company reported $79.84 million in sales this quarter. This is a 4.90 percent decrease over sales of $83.95 million the same period last year.

Earnings

XNET

Xunlei Q3 2024 Adj EPADS $0.0805 Down From $0.0835 YoY, Sales $79.84M Down From $83.95M YoY

HC Wainwright &amp; Co. analyst Edward White reiterates Aura Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AURA#NASDAQ">AURA</a>) with a Buy and maintains $22 price target.

Price Target

Reiteration

Analyst Ratings

AURA

HC Wainwright & Co. Reiterates Buy on Aura Biosciences, Maintains $22 Price Target

HC Wainwright &amp; Co. analyst Douglas Tsao maintains Viridian Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRDN#NASDAQ">VRDN</a>) with a Buy and raises the price target from $27 to $34.

VRDN

HC Wainwright & Co. Maintains Buy on Viridian Therapeutics, Raises Price Target to $34

Macro Economic Events

Econ #s

Economics

Eurozone Industrial Production (MoM) For September -2.0% Vs. -1.3% Est.; 1.5% (Revised) Prior

Eurozone Gross Domestic Product (QoQ) Preliminary For Q3 0.4% Vs. 0.4% Est.; 0.4% Prior

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Biohaven (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) with a Buy and maintains $59 price target.

BHVN

HC Wainwright & Co. Reiterates Buy on Biohaven, Maintains $59 Price Target

Rolling out globally across the US, Germany, Italy and Spain, the new experience gives customers the ability to set up a pool in the PayPal app or online, invite friends and family to contribute, track group contributions and transfer funds to their PayPal balance to spend or withdraw.

Tech

General

PYPL

PayPal Announced A New Experience That Makes It Easy For Customers To Pool Money With Friends And Family For Group Gifts, Travel, Special Events, Or Other Shared Expenses

Eurozone Gross Domestic Product (YoY) Preliminary For Q3 0.9% Vs. 0.9% Est.; 0.9% Prior

The Company announced today that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$200 million of its publicly traded securities for the next 24 months.

Buybacks

BILI

Bilibili Board Approved A Share Buyback Program Of Up To $200M For Next 24 Months

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Avino Silver &amp; Gold Mines (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ASM#AMEX">ASM</a>) with a Buy and raises the price target from $1.5 to $1.8.

HC Wainwright & Co. Maintains Buy on Avino Silver & Gold Mines, Raises Price Target to $1.8

Bilibili Q3 Adj EPS $0.08 Misses $0.10 Estimate, Sales $1.04B Beat $1.01B Estimate

Stifel analyst Stephen Willey maintains X4 Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XFOR#NASDAQ">XFOR</a>) with a Buy and lowers the price target from $5 to $4.

XFOR

Stifel Maintains Buy on X4 Pharmaceuticals, Lowers Price Target to $4

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Voyager Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VYGR#NASDAQ">VYGR</a>) with a Buy and maintains $30 price target.

VYGR

HC Wainwright & Co. Reiterates Buy on Voyager Therapeutics, Maintains $30 Price Target

Piper Sandler analyst Michael Lavery upgrades Campbell Soup (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) from Neutral to Overweight and raises the price target from $47 to $56.

Upgrades

Piper Sandler Upgrades Campbell Soup to Overweight, Raises Price Target to $56

HC Wainwright &amp; Co. analyst Andres Maldonado reiterates Mural Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MURA#NASDAQ">MURA</a>) with a Buy and maintains $18 price target.

MURA

HC Wainwright & Co. Reiterates Buy on Mural Oncology, Maintains $18 Price Target

Mizuho analyst Haendel St. Juste maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Neutral and raises the price target from $75 to $80.

Mizuho Maintains Neutral on Agree Realty, Raises Price Target to $80

HC Wainwright &amp; Co. analyst Yi Chen reiterates Clearside Biomedical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSD#NASDAQ">CLSD</a>) with a Buy and maintains $6 price target.

CLSD

HC Wainwright & Co. Reiterates Buy on Clearside Biomedical, Maintains $6 Price Target

Mizuho analyst Vikram Malhorta maintains Essential Props Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPRT#NYSE">EPRT</a>) with a Outperform and raises the price target from $31 to $35.

EPRT

Mizuho Maintains Outperform on Essential Props Realty, Raises Price Target to $35

Mizuho analyst Vikram Malhorta maintains Gaming and Leisure Props (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLPI#NASDAQ">GLPI</a>) with a Neutral and lowers the price target from $52 to $51.

GLPI

Mizuho Maintains Neutral on Gaming and Leisure Props, Lowers Price Target to $51

Canada blocks Vital Metals' proposed rare earths sale to China

'Deal's Off,' Canadian Officials Tell China

REMX

Vital Metals

The Canadian government is scrutinizing Chinese investments in the country, particularly <a href="https://www.benzinga.com/news/24/01/36594874/canada-wants-to-increase-critical-mineral-production-but-chinas-involvement-raises-concerns">in the mining sector</a>.



"We need to be working to solve access to capital issues, but the answer cannot be investment from Chinese state-owned industries," Natural Resources Minister Jonathan Wilkinson <a href="https://www.bloomberg.com/news/articles/2024-03-05/chinese-money-can-t-be-solution-for-cash-strapped-canadian-miners-minister-says">told</a> Bloomberg.



Concerns about national security and resource access are growing as Chinese companies actively pursue investments in Canadian mining. Over the last three decades, China has invested CA$ 21 billion in the Canadian mining industry. 



But Canada&#8217;s crackdown on such investments has resulted in mandatory reviews. Recent attempts by Chinese firms to invest in Canadian junior mining companies include Yintai Gold&#8216;s agreement to buy Canadian gold explorer Osino Resources (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/OSIIF#OTCQX">OSIIF</a>) for CA$368 million, and Zijin Mining Group&#8216;s (OTCPK: ZIJMF) plan to acquire a 15% stake in Vancouver-based Solaris Resources (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SLSSF#OTCQB">SLSSF</a>).



Now Read: <a href="https://www.benzinga.com/m-a/24/03/37459629/uranium-surge-revives-old-mines-sparks-mergers-across-sector">Uranium Surge Revives Old Mines, Sparks Mergers Acr</a><a href="https://www.benzinga.com/m-a/24/03/37459629/uranium-surge-revives-old-mines-sparks-mergers-across-sector">oss Sector</a>



However, the news of junior graphite explorer SRG Mining (OTCPK: SRGMF) scrapping a CA$16.9 million deal with China's Carbon ONE New Energy Group shows that even smaller transactions are now on the regulator's radar. 



Yet, heightened scrutiny might hurt small mining firms that face difficulty in raising capital in an environment with high interest rates.



The Macdonald-Laurier Institute <a href="https://macdonaldlaurier.ca/closing-canadas-back-door-stephen-van-dine-commentary/">highlights</a> the risks associated with the lack of oversight of foreign investments in Canadian mining projects. Chinese state-owned enterprises are strategically acquiring stakes in junior mining companies, providing them access to critical minerals and rare earth resources in the Arctic. The lack of comprehensive regulatory supervision and a North American investment capital shortage exposes Canada&#8217;s Arctic to potential security risks.



"If left unattended, Canada's critical minerals strategy will be undermined, and its Arctic backdoor will be left open," former Assistant Deputy Minister of Northern Affairs Stephen Van Dine said in the report.



Another recent example of Chinese involvement in the Canadian Arctic includes the acquisition of an 18.1% stake in Vital Metals (OTCPK: VTMXF), an Australian-based mining company that owns Canada's only operating rare earth mine, the Nechalacho project in Northwest Territories.



The transaction, conducted by a subsidiary of Senghe, was below the regulators&#8217; threshold, thus not triggering an intervention.



The Investment Canada Act governs foreign investments and has been undergoing its most extensive update since 2009. The proposed amendments aim to strengthen the government&#8217;s ability to review and regulate foreign investments that pose threats to national security.



Also Read: <a href="https://www.benzinga.com/markets/commodities/24/03/37483591/first-quantum-exploring-zambian-asset-sales">First Quantum Exploring Zambian Asset Sales</a>



Image: Shutterstock

'The Answer Cannot Be China,' Canada's Wilkinson Says: Mining Scrutiny Intensifies As SRG Scraps Deal

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