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Kyiv, Ukraine (AP) — British Prime Minister Keir Starmer arrived in Ukraine Thursday with a pledge to help guarantee the country’s security for a century, days before Donald Trump is sworn in as US president.

The British government says Starmer and Ukrainian President Volodymyr Zelensky will sign a “100-Year Partnership” treaty in Kyiv, covering areas including defense, science, energy and trade.

Starmer’s unannounced visit is his first trip to Ukraine since he took office in July. He visited the country in 2023 when he was opposition leader, and has twice held talks with Zelensky in 10 Downing Street since becoming prime minister.

One of Ukraine’s biggest military backers, the UK has pledged 12.8 billion pounds ($16 billion) in military and civilian aid to Ukraine since Russia’s full-scale invasion three years ago, and has trained more than 50,000 Ukrainian troops on British soil. Starmer is due to announce another 40 million pounds ($49 million) for Ukraine’s post-war economic recovery.

But the UK’s role is dwarfed by that of the United States, and there is deep uncertainty over the fate of American support for Ukraine once Trump takes office on January 20. The president-elect has balked at the cost of US aid to Kyiv, says he wants to bring the war to a swift end and is planning to meet Russian President Vladimir Putin, for whom he has long expressed admiration.

Kyiv’s allies have rushed to flood Ukraine with as much support as possible before Trump’s inauguration, with the aim of putting Ukraine in the strongest position possible for any future negotiations to end the war.

Zelensky has said that in any peace negotiation, Ukraine would need assurances about its future protection from its much bigger neighbor.

Britain says its 100-year pledge is part of that assurance, and will help ensure Ukraine is “never again vulnerable to the kind of brutality inflicted on it by Russia,” which seized Crimea from Ukraine in 2014 and attempted a full-scale invasion in February 2022.

The deal commits the two sides to cooperate on defense — especially maritime security against Russian activity in the Batlic Sea, Black Sea and Sea of Azov — and on technology projects including drones, which have become vital weapons for both sides in the war. The treaty also includes a system to help track stolen Ukrainian grain exported by Russia from occupied parts of the country.

“Putin’s ambition to wrench Ukraine away from its closest partners has been a monumental strategic failure. Instead, we are closer than ever, and this partnership will take that friendship to the next level,” Starmer said ahead of the visit.

“This is not just about the here and now, it is also about an investment in our two countries for the next century, bringing together technology development, scientific advances and cultural exchanges, and harnessing the phenomenal innovation shown by Ukraine in recent years for generations to come.”

Zelensky says he and Starmer also will discuss a plan proposed by French President Emmanuel Macron that would see troops from France and other Western countries stationed in Ukraine to oversee a ceasefire agreement.

Zelensky has said any such proposal should go alongside a timeline for Ukraine to join NATO. The alliance’s 32 member countries say that Ukraine will join one day, but not until after the war. Trump has appeared to sympathize with Putin’s position that Ukraine should not be part of NATO.

As the grinding war nears the three-year mark, both Russia and Ukraine are pushing for battlefield gains ahead of possible peace talks. Ukraine has started a second offensive in Russia’s Kursk region, where it is struggling to hang onto a chunk of territory it captured last year, and has stepped up drone and missile attacks on weapons sites and fuel depots inside Russia.

Moscow is slowly taking territory at the cost of high casualties, along the 600-mile (1,000-kilometer) front line in eastern Ukraine and launching intense barrages at Ukraine’s energy system, seeking to deprive Ukrainians of heat and light in the depths of winter. A major Russian ballistic and cruise missile attack on regions across Ukraine on Wednesday, and compelling authorities to shut down the power grid in some areas.

This post appeared first on cnn.com

India on Thursday became the fourth country to successfully achieve an unmanned docking in space, a feat seen as pivotal for future missions as New Delhi cements its place as a global space power.

The United States, Russia and China are the only other countries to have developed and tested the docking capability.

“Spacecraft docking successfully completed! A historic moment,” the Indian Space Research Organization (ISRO) said on X.

The Indian space agency’s mission, called the Space Docking Experiment (SpaDex), involved deploying two small spacecraft, weighing about 220 kilograms each, into low-earth orbit. The two spacecraft, called Target and Chaser, blasted off from the Satish Dhawan Space Center in southern Andhra Pradesh state on December 30 aboard an Indian-made PSLV rocket.

On Thursday, they conducted a rendezvous before docking together.

India’s “SpaDex mission marks the beginning of a new era in space exploration, showcasing India’s technological prowess and ambition,” Minister for Space Jitendra Singh said on X at the time it launched.

In-docking technology is critical for future space endeavors, such as satellite servicing and when multiple rocket launches are required to achieve mission objectives.

Domestically developed docking technology will be crucial if India is to succeed in advancing its ambition of putting an Indian national on the moon, building a home-grown space station, and returning lunar samples, according to the ISRO.

The technology will allow India to transfer materials from one satellite or spacecraft to another, such as payloads, lunar samples or, eventually, humans in space, Singh told reporters at a press conference on December 31.

As part of the mission, the docked spacecraft will also demonstrate the transfer of electric power between them, once they are linked. This is essential for operating in-space robotics, spacecraft control, and payload operations during future missions.

Before the docking, India on Sunday conducted a “trial attempt” where the two satellites were brought progressively closer together in orbit until they reached 3 meters apart, before moving back to a “safe distance.”

The successful docking came after the experiment was twice postponed on January 7 and 9 due to technical issues, and the spacecraft drifting more than expected during a maneuver to bring them closer together.

A global space race

India’s space ambitions have accelerated under Prime Minister Narendra Modi, who was elected to a third term last June and who has tried to assert India’s place on the global stage.

In 2023, India joined an elite space club becoming the fourth country to land a spacecraft on the moon. The historic Chandrayaan-3 mission, the first to make a soft landing close to the moon’s unexplored South Pole, has collected samples that are helping scientists understand how the moon was formed and evolved over time.

As part of its ambitious plans, India aims to launch its first crewed mission to space in the next few years, and put an astronaut on the moon – a feat only ever achieved by the US – by 2040.

The country has also set its sights on building its own space station by 2035, which will be called the “Bharatiya Antariksha Station,” and launching its first orbital mission to Venus in 2028. It also plans to return moon samples as part of its ongoing lunar Chandarayaan program in 2027.

India has also made a major push to commercialize its space sector in recent years, allowing private enterprise and easing approvals for foreign investment, which has focused on building and launching small satellites into low-Earth orbit more cheaply.

For Sunday’s docking experiment, the rocket and spacecraft were integrated and tested at private company Ananth Technologies, in a first for the country.

This post appeared first on cnn.com

Sydney (Reuters) — Voting began on Thursday to elect a new government in Vanuatu, a month after a 7.3-magnitude earthquake struck the Pacific island nation’s capital Port Vila, killing at least 16 people, triggering landslides and damaging several major buildings.

A snap election had to be called after Vanuatu President Nikenike Vurobaravu in November dissolved the parliament following a no-confidence motion against him and Prime Minister Charlot Salwai.

Vanuatu has experienced 18 months of political instability, with three prime ministers in that time.

The country’s constitution requires an election within 60 days after the dissolution of parliament. There are more than 300,000 registered voters to elect representatives for 52 seats.

Official results could be available only after several days as ballots have to be brought to Port Vila from outlying islands.

Despite widespread damage from the earthquake, Vanuatu’s Principal Electoral Officer Guilain Malessas said the distribution of ballot boxes would be completed by Thursday morning.

“We are grateful for the good weather conditions currently in Vanuatu. The deployments are proceeding safely and on time,” Malessas told the Vanuatu Daily Post on Wednesday.

Among the buildings damaged in December’s earthquake was one housing the new U.S. embassy, which only opened last year.

Washington has been working to boost its diplomatic presence in the Pacific to counter what it sees as a growing threat from China, its main strategic rival.

This post appeared first on cnn.com

President Biden is ending his tenure in the White House on a ‘sad’ note after ‘lying to the nation’ and taking credit for a cease-fire deal between Israel and Hamas during his farewell address on Wednesday evening, a Trump transition official said. 

‘Joe Biden is going out sad. Lying to the nation trying to take credit for a deal that all parties credit President Trump for making happen. Biden has had well over a year to secure the release of these hostages and peace. He failed. Trump succeeded,’ a Trump transition official told Fox News Digital on Wednesday evening. 

War has raged in the Middle East since October of 2023, with Israel and Hamas coming to a ceasefire agreement on Wednesday that also ensured the release of hostages. 

Biden delivered his final address to the nation on Wednesday evening, where he took a victory lap for the cease fire in his opening remarks. 

‘My fellow Americans, I’m speaking to you tonight from the Oval Office. Before I begin, let me speak to important news from earlier today. After eight months of nonstop negotiation, my administration – by my administration – a cease-fire and hostage deal has been reached by Israel and Hamas. The elements of which I laid out in great detail in May of this year,’ Biden said. 

‘This plan was developed and negotiated by my team, and will be largely implemented by the incoming administration. That’s why I told my team to keep the incoming administration fully informed, because that’s how it should be, working together as Americans,’ he continued. 

Credit for reaching the agreement, however, was bolstered by the incoming Trump administration, according to sources who told Fox Digital that a recent meeting between Trump’s incoming Middle East envoy Steve Witkoff and Israeli Prime Minister Benjamin Netanyahu reportedly played a pivotal role in the deal. 

Netanyahu also thanked Trump on Wednesday for ‘his assistance in advancing the release of the hostages.’

‘Prime Minister Benjamin Netanyahu spoke this evening with US President-elect Donald Trump and thanked him for his assistance in advancing the release of the hostages and for helping Israel bring an end to the suffering of dozens of hostages and their families,’ the official Prime Minister of Israel X account posted. 

‘The Prime Minister made it clear that he is committed to returning all of the hostages however he can, and commended the US President-elect for his remarks that the US would work with Israel to ensure that Gaza will never be a haven for terrorism.’

The X account added later: ‘Prime Minister Netanyahu then spoke with US President Joe Biden and thanked him as well for his assistance in advancing the hostages deal.’ 

When asked who the history books would remember for championing the ceasefire deal earlier Wednesday, Biden balked at the suggestion Trump and his team spearheaded the effort. 

‘Who in the history books gets credit for this, Mr. President, you or Trump?’ Fox News’ Jacqui Heinrich asked Biden at Wednesday afternoon’s White House news conference.

‘Is that a joke?’ the president responded.

‘Oh. Thank you,’ Biden responded when Heinrich said it was not a joke, and then walked away.

This post appeared first on FOX NEWS

Leaders in the U.S. and around the world commended the recent Israel-Hamas cease-fire deal on Wednesday.

Biden announced the terms of the cease-fire during a news conference Wednesday at the White House. It will consist of two phases and will take place over the next several weeks. 

The first phase, which is set to begin Sunday, ‘includes a full and complete cease-fire, withdrawal of Israeli forces from all the populated areas of Gaza, and the release of a number of hostages held by Hamas, including women and elderly and the wounded,’ Biden said.

The second phase is contingent on Israel negotiating ‘the necessary arrangements,’ to mark a complete end to the war.

The response to the deal was overwhelmingly positive. New York Gov. Kathy Hochul said that she was ‘very encouraged’ to see the cease-fire come to fruition.

‘This is something I’ve called for many, many months over the last year since the horrific, barbaric attack on innocent civilians in Israel that occurred on October 7 of last year,’ Hochul said. ‘My main priority has been bringing home the hostages.’

Rep. Ritchie Torres, D-N.Y., wrote on X that he felt ‘an indescribable sense of relief,’ about the return of the hostages.

‘The return of the hostages will mark the beginning of closure for Israelis and Jews, as well as countless others, who continue to be deeply affected by the indelible terror and trauma of October 7th,’ Torres wrote. ‘The hostages have been brought home by the power of the world’s most powerful friendship – the US-Israel relationship.’

The deal also attracted international attention. In a statement, British Prime Minister Kier Starmer called the cease-fire ‘long-overdue news.’

‘[The Israeli and Palestinian people] have borne the brunt of this conflict – triggered by the brutal terrorists of Hamas, who committed the deadliest massacre of Jewish people since the Holocaust on October 7th, 2023,’ Starmer said. ‘The hostages, who were brutally ripped from their homes on that day and held captive in unimaginable conditions ever since, can now finally return to their families.

‘But we should also use this moment to pay tribute to those who won’t make it home – including the British people who were murdered by Hamas. We will continue to mourn and remember them. ‘

In an X post translated from French to English, French President Emmanuel Macron said that the cease-fire must be respected.

‘After 15 months of unjustifiable ordeal, immense relief for the Gazans, hope for the hostages and their families,’ Macron said. He also referenced Ohad Yahalomi and Ofer Calderon, two French-Israeli hostages.

Though many are celebrating, some have expressed caution about the possibility of the deal falling through. 

On Wednesday, White House national security communications adviser John Kirby said that the ‘big hurdle’ — which included finalizing the deal — had been ‘overcome.’

Hopefully, come this weekend, we’ll start to see some families reunited,’ Kirby said, adding that he was ‘confident’ that the deal will be implemented, despite hard work ahead.

Fox News Digital’s Joshua Comins contributed to this report.

This post appeared first on FOX NEWS

Reactions from social media came pouring in Wednesday night as President Biden delivered his farewell address to the country, ending a career in politics that spanned over half a century.

‘Joe Biden discussing democracy, a free press, institutions and the abuse of power in his final farewell speech is rich,’ GOP Congresswoman Nancy Mace posted on X. 

‘What an embarrassing and pathetic end to an embarrassing and pathetic term,’ Fox News host Greg Gutfeld posted on X. 

‘Joe Biden can’t even read. Every time he speaks it gets worse,’ conservative commentator and radio host Clay Travis posted on X. ‘Trying to run him in 2024 is the most reckless and indefensible presidential decision in any of our lives.’

‘My thoughts on President Joe Biden’s Farewell Address: It was underwhelming and divisive,’ Gabriella Hoffman, Independent Women’s Forum Center for Energy & Conservation director, posted on X.

‘I’m relieved his four-year term is coming to an end. Mr. Biden failed to bring Americans together and pushed terrible ‘whole of government’ policies that weakened us on many fronts: energy, national security, economics/small business, foreign affairs, and general freedoms. History won’t look kindly on Biden’s tenure. He’s now the most unpopular U.S. President in history.’

‘Joe Biden mentions climate hysteria ahead of actual priorities, like border security, lowering costs, and peace through strength,’ GOP Sen. Markwayne Mullin posted on X. ‘They never learn.’

‘Joe Biden’s going out of office the same way he went in: Petty, partisan, and frankly not telling the truth,’ GOP Congressman Darrell Issa posted on X. 

‘I’m stunned,’ former Democratic adviser Dan Turrentine posted on X. ‘I’m no historian, but, I don’t recall a more dark Presidential farewell address? It’s more a cry to the DNC than accentuating the positive to the country. This is sad.’

‘Biden ends his presidency by using rhetoric that would be right at home in a third-world communist dictatorship,’ Red State writer Bonchie posted on X. ‘This may be the worst farewell speech in presidential history.’

Democrats, however, generally had a decidedly different take.

‘Four years ago, in the middle of a pandemic, we needed a leader with the character to put politics aside and do what was right,’ former President Obama posted on X. 

‘That’s what Joe Biden did. At a time when our economy was reeling, he drove what would become the world’s strongest recovery – with 17 million new jobs, historic wage gains, and lower health care costs. He passed landmark legislation to rebuild our nation’s infrastructure and address the threat of climate change.  I’m grateful to Joe for his leadership, his friendship, and his lifetime of service to this country we love.’

Liberal commentator Harry Sisson posted on X, ‘President Biden just gave the best speech of his presidency.

‘His farewell address was incredibly moving. I will always be thankful for President Biden and his talented administration. Thank you to everyone who served and gave America an amazing four years.’

Biden has four days left in his presidency before Monday’s inauguration, when President-elect Trump will be sworn into office.

‘My fellow Americans, I’m speaking to you tonight from the Oval Office. Before I begin, let me speak to important news from earlier today. After eight months of nonstop negotiation, my administration —  by my administration — a cease-fire and hostage deal has been reached by Israel and Hamas, the elements of which I laid out in great detail in May of this year,’ Biden said in his opening remarks, taking credit for the recent announcement that a cease-fire deal had been reached in Israel. 

‘This plan was developed and negotiated by my team and will be largely implemented by the incoming administration. That’s why I told my team to keep the incoming administration fully informed, because that’s how it should be, working together as Americans.’ 

Biden’s speech also focused on the American dream and the ‘most powerful idea’ that ‘all of us are created equal.’

‘The very idea of America was so big we felt the entire world needed to see,’ Biden said. ‘The Statue of Liberty, a gift from France after our Civil War. Like the very idea of America, it was built not by one person, but by many people, from every background and from around the world. Like America, the Statue of Liberty is not standing still. Her foot literally steps forward atop a broken chain of human bondage. She’s on the march, and she literally moves. 

‘A nation of pioneers and explorers, of dreamers and doers, of ancestors native to this land, of ancestors who came by force. A nation of immigrants came to build a better life, a nation holding a torch. The most powerful idea ever in the history of the world that all of us, all of us are created equal. All of us deserve to be treated with dignity, justice and fairness that democracy must defend and be defined and be imposed, moved in every way possible, our rights, our freedoms, our dreams.’ 

This post appeared first on FOX NEWS

Tesoro Gold Limited (Tesoro or the Company) (ASX:TSO, OTCQB:TSORF, FST:5D7) is pleased to announce significant assay results from its ongoing infill and extensional drilling program at the El Zorro Gold Project in Chile (El Zorro). Exploration drilling has revealed a new wide, high-grade gold zone to the south and below the existing 1.3 Moz Mineral Resource Estimate (MRE) at the Ternera Gold Deposit (Ternera). The new zone, located approximately 50m below the current MRE boundary, returned 132.18m @ 1.28g/t Au from 363m, including 32.20m @ 3.28g/t Au from 371.30m (ZDDH0356).

HIGHLIGHTS

  • Assay results from eight diamond holes drilled as part of the ongoing infill and extensional drilling program have returned multiple significant mineralised zones.
  • New zones of wide, high-grade gold mineralisation have been intercepted outside of the current MRE boundary, highlighting the significant growth potential of Ternera.
  • Drill hole ZDDH0356 intersected the boundary of the existing MRE, continuing beyond its currently defined limits into previously untested zones.
  • New zone intercepted to the south and below the existing MRE boundary:
    • 132.18m @ 1.28g/t Au from 363m (ZDDH0356), including;
      • 32.20m @ 3.28g/t Au from 371.30m and;
      • 3.25m @ 12.639g/t Au from 371.30m.
  • Key intercepts from within the existing boundary include:
    • 153.90m @ 1.61g/t from 83.10m (ZDDH0356), including;
      • 25.82m @ 3.96g/t Au from 93.00m; and
      • 44.25m @ 1.99g/t Au from 161.00m.
    • 58.70m @ 2.10g/t Au from 264.30m (ZDDH0351), including;
      • 7.50m @ 12.42g/t Au from 286.50m; and
      • 2.00m @ 29.45g/t Au from 279.00m.
  • Drilling is ongoing, with a focus on MRE expansion at the shallow northern and southern ends of the Ternera Deposit.

Tesoro Managing Director, Zeff Reeves, commented:

“The results from hole ZDDH0356 continue to highlight the huge latent growth potential of the Ternera Gold Deposit. The discovery of this significant new gold zone, located outside the existing MRE, open to the south and at depth, reinforces our confidence in both our geological model and the development potential of the broader project.

Additional drilling is planned as part of the current program to further define and expand this exciting new zone. These results, coupled with recent intercepts from the north, demonstrate that Ternera remains open in all directions, offering an exceptional opportunity to significantly expand the resource base.”

TERNERA CONTINUES TO DELIVER

Tesoro’s current round of diamond drilling is focused on infill and expansion of the 1.3 Moz Ternera Gold Deposit, targeting high-priority zones within a 1.5 km radius of the existing 1.3 Moz Resource. Results have been received from eight holes, all returning significant gold intercepts.

Key highlights include hole ZDDH0356, which uncovered:

  • An upper zone that widens and upgrades a shallow portion of the MRE.
  • A lower, previously undiscovered zone of mineralisation outside the current MRE, highlighting the potential for future growth at Ternera (refer Figure 2).

Figure 2 illustrates the continuity of gold mineralisation at Ternera, now extended to over 800m down-plunge with hole ZDDH0356 contributing an additional 100m of continuity.

NEXT STEPS

Drilling at El Zorro is set to continue over the coming months with two diamond drill rigs currently operational. Assays remain outstanding for thirteen holes, and additional drilling is planned to expand the Resource further.

Click here for the full ASX Release

This post appeared first on investingnews.com

The growing prevalence of chronic diseases like cancer and diabetes is driving increasing innovation in medical device technology. In 2024 alone,30 new devices were approved by the US Food and Drug Administration (FDA).

Wearable medical devices and the use of artificial intelligence in medical technology are two key trends in this sector. Moving forward, BCC Research projects that the global medical device industry will increase from US$810.4 billion in 2024 to US$1.3 trillion by 2029, expanding at a CAGR of 9.8 percent.

All data was compiled on January 14, 2025, using TradingView’s stock screener, and the medical device makers listed below had market caps between US$50 million and US$500 million at that time.

1. Delcath Systems (NASDAQ:DCTH)

Year-over-year gain: 202.86 percent
Market cap: US$405.43 million
Share price: US$12.69

Delcath Systems is a pharmaceutical and medical device company focused on “interventional oncology,” specifically in the treatment of primary and metastatic liver cancers. Delcath’s commercial product portfolio is focused on combining its Hepactic Delivery System (HDS) with the chemotherapeutic drug melphalan for ‘high-dose chemotherapy to the liver while controlling systemic exposure and associated side effects.’

The HDS is approved in the US and Europe under different commercial names and categories. In the US, it is marketed in combination with melphalan as the FDA-approved Hepzato Kit, which is considered a combination drug and device product. In Europe, the HDS is marketed as device-only under the name Chemostat Hepatic Delivery System for Melphalan and is regulated as a Class III medical device.

Delcath Systems’ share price got its first big boost in the second quarter of 2024, rising nearly 45 percent from US$5.56 on May 5 to US$8.04 on May 21, 2024, a period that included the publication of encouraging results from its FOCUS Study in metastatic uveal melanoma patients treated with the Hepzato Kit and its first quarter financials highlighting total revenues of US$3.1 million, up more than 416 percent over the same quarter in the previous year.

A series of positive study results released in late August sent shares in Delcath rising another 37 percent. This included an independent study conducted by the University Hospital of Leipzig, Germany, which shows the efficacy and safety of repeated chemosaturation treatments using Delcath’s Chemostat system for the treatment of patients with primary or secondary liver tumors.

On December 2, Delcath announced that it received FDA clearance for its investigational new Drug application for a Phase 2 clinical trial evaluating Hepzato in combination with standard of care for liver-dominant metastatic colorectal cancer. The clearance gives Delcath the authorization to initiate patient enrollment, which the company expects to begin in the second half of 2025. The news sent Delcath’s stock up to US$12.64 per share.

Shares in Delcath reached their highest yearly peak of US$12.79 on January 13, 2025, after the company shared outstanding preliminary fourth quarter and full-year total revenues of about US$15.1 million and US$37.2 million, respectively.

2. Sensus Healthcare (NASDAQ:SRTS)

Year-over-year gain: 147.76 percent
Market cap: US$108.01 million
Share price: US$6.59

Sensus Healthcare is a medical device company that delivers and develops non-invasive treatments for skin cancer and keloids. The company has developed a patient-centric treatment platform based on its superficial radiotherapy (SRT and IG-SRT) technology.

In early May 2024, Sensus Healthcare posted product sales milestones and robust first quarter financials that gave its share price a nearly 70 percent boost to US$6.42 on May 16. The company announced the sale of the first SRT-100 Vision (IG-SRT) system in Asia, followed by the commercial sale of the SRT-100 to a veterinary specialist in Israel, its first for veterinary use outside the United States. Lastly, Sensus reported Q1 2024 revenues of US$10.7 million, up from US$3.4 million in the prior-year quarter.

Sensus’ share price received its next big bump up in November after the company reported its Q3 financials, including revenues of US$8.8 million compared to US$3.9 million in the prior-year quarter. On November 20, the company’s stock reached its highest point of the past year at US$8.94 per share.

3. Pro-Dex (NASDAQ:PDEX)

Year-over-year gain: 118.55 percent
Market cap: US$146.02 million
Share price: US$44.80

Pro-Dex develops and manufactures battery-powered and electrical surgical instruments used in the orthopedic, spine, maxocranial facial and dental markets. Some of its customers include Smith & Nephew, the Lawrence Livermore National Laboratory, Medtronic (NYSE:MDT) and Arthrex.

Shares of Pro-Dex traded relatively sideways for much of the past year, with its biggest gains coming in the last four months. After the company announced its fiscal 2024 fourth quarter and full-year financial results in early September, its stock climbed nearly 42 percent to US$31.34 by October 1. Net sales for its Q4 ended June 30 increased by 41 percent year-over-year to US$15 million, while net sales for the fiscal year grew by 17 percent to US$53.8 million over the prior year.

Pro-Dex saw its stock price rally yet again in November, surging nearly 60 percent to US$49.55 per share on November 12. This latest upward momentum followed the company’s October 31 release of its fiscal 2025 first quarter financials. Net sales for the quarter ended September 30, 2024, increased 25 percent from the same quarter in the previous year to US$14.9 million.

4. AngioDynamics (NASDAQ:ANGO)

Company Profile

Year-over-year gain: 92.18 percent
Market cap: US$477.29 million
Share price: US$11.80

AngioDynamics is a global medical technology company that design, manufacturers and sells high-quality, minimally invasive medical devices. Its focus is on vascular access, surgery, peripheral vascular disease and oncology.

In mid-July, shares of AngioDynamics jumped 25 percent to US$7.51 following the release of its fiscal 2024 fourth quarter and full-year financials.

“Within our Mechanical Thrombectomy segment, we achieved key milestones by receiving both FDA 510(k) clearance and CE Marking for AlphaVac in the treatment of pulmonary embolism,” Jim Clemmer, President and CEO of AngioDynamics, stated. “These indications open up multiple large, fast-growing markets, and helped to drive a more than 68% sequential increase in AlphaVac revenue during the fourth quarter.”

AngioDynamics received FDA 510(k) clearance for its NanoKnife System for prostate tissue ablation on December 9, sparking a 31 percent rally that brought the share price to US$9.33 on December 16.

Shares in AngioDynamics hit their highest yearly peak of US$12.94 on January 8 following the release of the company’s fiscal 2025 second quarter financials. Net sales for the quarter came in at US$73 million, up 9.2 percent compared to the prior-year quarter.

5. KORU Medical Systems (NASDAQ:KRMD)

Year-over-year gain: 85.84 percent
Market cap: US$186.56 million
Share price: US$4.07

KORU Medical Systems develops and manufactures medical devices and supplies in the United States and internationally, with a focus in mechanical infusion products. Its Freedom Syringe Infusion System first received FDA clearance in 1994. Based on this system, its primary products include the FREEDOM60 and FreedomEdge Syringe Infusion Drivers, Precision Flow Rate Tubing and HIgH-Flo Subcutaneous Safety Needle Sets.

Shares in KORU Medical made their biggest price gains in the last few months of 2024, rising more than 67 percent from the end of October to a yearly peak of US$4.40 per share on December 12.

On October 31, KORU Medical released positive data that it had presented days prior at the Partnership Opportunities in Drug Delivery Conference in Boston, Massachusetts. The data demonstrates nursing preference for use of the KORU FreedomEdge Infusion System over manual syringe administration for subcutaneous oncology infusion.

In mid-November, the company shared its third quarter 2024 financial results, which included net revenues of US$8.2 million, up 17 percent over the prior year period.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Magnetic Resources NL (ASX:MAU) (Magnetic or the Company) has announced Increased Lady Julie Gold Project Resource and Project Update.

HIGHLIGHTS

  • Magnetic Resources is pleased to provide an update to its flagship Lady Julie Gold Project (LJGP), an exciting new gold development currently in an advanced Feasibility stage. The project is located near Laverton in WA and will comprise three open pits, a CIL processing plant and all associated infrastructure.
  • The updated Combined Mineral Resources Estimate (Table 1) for LJGP:
    • 28.11 Mt at 1.93g/t Au containing 1.75Moz of gold at 0.5/1.5g/t cutoffs1.
    • 75% of the combined resource is now in Indicated category (previously 68%).
  • The updated Combined Laverton Region Mineral Resource Estimate (Table 1):
    • 33.14 Mt at 1.81g/t Au containing 1.93Moz of gold at 0.5/1.5g/t cutoffs1.
  • On the basis of the strong resource development below the planned open pit, a scoping exercise has been completed to study the potential for operating an underground mine concurrently with the open pit. The study found that a concurrent underground operation producing 550,000tpa of higher-grade ore would add significantly to project value, with total output of 150,000oz pa over an 8-year project life. Commencement of underground access development would be scheduled for year two to minimize the potential for disruption of the main part of the project. More detailed design of access, stoping and fill systems will commence in late January 2025.
  • As a result of this scoping exercise, the processing plant design capacity is being boosted to 2.75Mtpa to treat a combined open pit/underground feed. A key change with the scale increase will be in comminution where a ball/SAG mill circuit is now proposed in place of multistage crushing/ball mill. The plant design and costing will be completed in early February.
  • Metallurgical testwork is continuing to optimize the treatment process with differing lithology units.
  • A Mining Proposal has been submitted to DEMIRS for approval. The proposal is in support of the application for two new Mining leases and a new Miscellaneous lease covering the remainder of the project footprint (see Figure 1). The combined project area of 1,424Ha is now under application.

Note 1:

The cutoff grade is considered appropriate for a large-scale open pit operation and in the case of LJN4, is applied to a depth of 400m below surface. It should be noted that the pit resource does not consider any restraining factors which may influence the final pit design in the feasibility study.

The mineralisation deeper than 400m below surface shows strong continuity and therefore is amenable to underground mining. On the basis of a gold price of A$3600/oz and economic modelling of an underground operation, a cutoff grade of 1.5g/t Au is considered appropriate and has been applied to this portion of the model. As above, constraints applied to a pit design at Feasibility may lead to an increase in the resource available for underground extraction.

The verification and reporting of Mineral Resources on behalf of the Company was completed by its JORC Competent Person, Mr. M Edwards of Blue Cap Mining. The Mineral Resources Estimate has been prepared and reported in accordance with the 2012 Edition of the JORC Code.

Managing Director George Sakalidis commented:

“The LJN4 resource has been the Company’s primary drilling focus over recent months with the completion of infill drilling and some extension drilling at depth in the northern part of LJN4, which consists of thick strongly altered zones mainly associated with intensely fuchsite altered ultramafic rock types.

Two deeper holes are being planned testing for deeper extensions of the main ultramafic-hosted lodes, which are still open at depth and one deeper hole beneath the southern breccia- silica-pyrite lode. The LJN4 deposit sits within a regional structure called the Chatterbox Shear Zone that extends over 12km in length within the Magnetic tenements and remains as a prospective target zone where RC drilling has been recently completed.

The Lady Julie Gold Project Pre-Feasibility Study was released to the ASX on 7 March 2024. The project now envisaged and advanced planning is at a scale to provide more credibility to the wider industry and offer more substantial value to shareholders.

Most of the background work has now been completed to take this to feasibility study level of accuracy. The submission of a Mining Proposal and application for Mining Leases are key steps in the regulatory approval process.”

Click here for the full ASX Release

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The US Securities and Exchange Commission (SEC) has initiated legal action against Elon Musk over allegations that he failed to disclose his significant ownership stake in Twitter within the required timeframe.

According to the SEC complaint, Musk began acquiring shares of Twitter, now called X, in early 2022. The Tesla (NASDAQ:TSLA) leader reportedly surpassed the 5 percent ownership threshold on March 14 of that year.

Under US securities law, any investor who accumulates more than 5 percent of a company’s stock must publicly disclose their stake within 10 days. Musk reportedly delayed this announcement until April 4, 2022, 11 days past the deadline, during which time he increased his stake in the social media platform to 9 percent.

The SEC states that Twitter’s share price rose by 27 percent following Musk’s eventual disclosure, a sharp uptick that underscored the market impact of his involvement. The agency contends that Musk’s delayed announcement allowed him to purchase additional shares at a lower price, effectively saving him at least US$150 million.

The lawsuit seeks to recover these alleged gains along with an additional financial penalty.

Details of the SEC’s findings

The SEC claims Musk privately informed a Twitter board member on March 27, 2022, that he owned at least 7 percent of the company. He also reportedly expressed interest in joining the board and taking the company private.

The lawsuit alleges that these discussions further underscore the significance of his delayed disclosure, as it deprived the public and existing shareholders of critical information that could have influenced trading decisions.

The SEC also says that it has obtained private text messages and other communications between Musk and Twitter’s board, suggesting a detailed investigation into the timeline and nature of his stock purchases.

These messages are expected to play a pivotal role in the case as the agency attempts to establish intent and the extent of any regulatory violations.

Musk’s response

Musk’s legal team has dismissed the allegations, with his attorney, Alex Spiro, accusing the SEC of engaging in a ‘multi-year campaign of harassment’ against the billionaire entrepreneur.

Spiro maintains that Musk complied with disclosure rules and has argued that the agency’s claims lack merit.

Musk has frequently clashed with the SEC in the past, often criticizing the regulator’s actions and oversight. This lawsuit adds another layer to the contentious relationship between Musk and the agency.

The lawsuit arrives at a critical juncture as Musk prepares to assume a high-profile role in the Trump administration’s newly created Department of Government Efficiency, raising questions about potential conflicts of interest.

The SEC’s leadership is also set to change, with current Chair Gary Gensler planning to step down ahead of the administration transition.

Musk’s acquisition of Twitter, which was finalized in October 2022 for US$44 billion, transformed the platform into X. The deal and its fallout, including significant changes to operations and policies, have kept X in the spotlight.

Shares of Musk’s electric vehicle company Tesla were unscathed by the new SEC lawsuit. They were up 7.48 percent year-to-date gain as of midday on Wednesday (January 15).

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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