Markets

Forte Group (FGHFF) announced equity incentive grants and warrant amendments. It granted 1,945,000 stock options (exercise price $0.20) and 2,445,000 RSUs vesting through February 2026. Warrants (1,152,937) were extended to June 2027 and repriced to $0.20, subject to CSE rules and holder consent. Grants to officers/directors are related party transactions with exemptions. The moves aim to incentivize performance and strengthen capital, though they carry potential dilution risks. All securities are subject to a statutory hold period.

Stellantis (STLA) reported estimated consolidated shipments of 1.3 million units for Q3 2025, a 13% year-over-year increase. North America led growth with a 35% rise, supported by initial Ram 1500 deliveries and inventory normalization. Enlarged Europe increased by 8%, driven by new B-segment model production. Other regions saw a net 3% increase, boosted by Middle East & Africa (+21%), while South America declined by 3%. These figures are unaudited and subject to change.

FlashEx (BingEx Limited) partners with Hangzhou to launch a city-wide low-altitude logistics network. This commercial pilot program integrates infrastructure, last-mile delivery, and drone technology to create an efficient urban air-logistics ecosystem. FlashEx leverages its experience and data for route optimization and order forecasting. Initial routes are operational with a “zero-incident” record. The goal is a fully functional network by 2025, creating a blueprint for low-altitude economic development. Key challenges include regulations and public acceptance. The initiative aims to redefine last-mile delivery and improve logistical efficiency.

THEMAC Resources Group (TSXV: MAC / OTC: MACQF) secured court approval for a going-private transaction with Tulla Resources Group. Remaining shareholders will receive CAD $0.08 per share. The transaction is expected to close in late October 2025, pending customary conditions. Upon completion, THEMAC will become a wholly-owned subsidiary, and its TSXV shares will be delisted. The deal allows Tulla Resources access to THEMAC’s mineral resources and provides THEMAC with strategic flexibility.

On October 9, 2025, Afya Limited announced a R$1,500 million commercial note issuance by its subsidiary, Afya Brazil, via private placement with Opea Securitizadora S.A. The notes, divided into two series maturing in 2028 and 2030, are secured by subsidiary guarantees and offer interest rates pegged to the Brazilian interbank deposit rate plus a spread. Afya intends to use the proceeds to potentially redeem existing debentures, repurchase convertible preferred shares, and for general liability management, aiming to optimize its debt profile and fund strategic initiatives.

Aetna, a CVS Health company, announced strong performance in its Medicare Advantage (MA) plans, with over 81% of members in plans rated 4 stars or higher by CMS for 2026; over 63% are in 4.5-star plans. Several Aetna contracts have consistently maintained or improved their high star ratings, reflecting Aetna’s commitment to quality care and member satisfaction. These ratings are crucial for member choice and impact plan reimbursement rates. Aetna leverages technology and integrated care to enhance offerings.

Pennsylvania American Water urges customers in 12 counties, including Beaver, Butler and Schuylkill, to voluntarily reduce nonessential water use by 10-15% due to a drought watch declared by the Pennsylvania DEP. This preemptive measure aims to mitigate potential future restrictions. The company is investing in leak detection, infrastructure upgrades, and advanced metering. Customers are encouraged to use water conservation tools and follow tips such as fixing leaks and using water-efficient appliances. American Water is the largest regulated water and wastewater utility in the U.S.

Malaga Financial Corporation (MLGF) reported a 5% YoY decrease in net income for the nine months ended September 30, 2025, to $16.431 million ($1.74/share). The decline is partly attributed to a one-time 2024 ERC credit. Total assets increased 2% to $1.428B, but the loan portfolio decreased 2% to $1.212B. Retail deposits decreased, while wholesale deposits increased 21%. The bank maintains strong capital ratios (16.47% core capital, 29.72% risk-based) and excellent asset quality. Annualized ROAE was 10.15%.

NRUC (NYSE: NRUC) will hold an investor conference call and webcast on October 15, 2025, at 9:00 a.m. ET. CEO Andrew Don will provide a business update, and CFO Ling Wang will review the fiscal year 2026 first-quarter financial results. The company expects to file its Form 10-Q for the period ended August 31, 2025, with the SEC on October 14, 2025. Investors can join via webcast or conference call. A PDF slide deck will be available prior to the call, and a replay will be accessible on CFC’s website.

Hycroft Mining Holding Corporation (HYMC) announced a public offering of 23,076,924 Class A common stock shares at $6.50 per share, expecting $150 million in gross proceeds. These funds will be used to expand exploration and drilling at the Hycroft Mine in Nevada and to reduce debt. The offering, led by BMO Capital Markets, is expected to close on October 14, 2025. Hycroft focuses on developing its Nevada mine, one of the world’s largest precious metals deposits, while exploring high-grade silver systems.