Markets

Stonepeak is acquiring a majority stake in Castrol from bp for $10.1 billion. bp will retain a 35% stake, and CPP Investments will also invest. This strategic acquisition aims to support Castrol’s future growth, leveraging Stonepeak’s sector expertise and Castrol’s established brand and global presence. The deal is expected to close by the end of 2026.

AST SpaceMobile successfully launched its larger, higher-capacity BlueBird 6 satellite, a crucial step towards its direct-to-smartphone broadband network. This advanced satellite, manufactured in Texas, can deliver up to 120 Mbps to standard phones, aiming to connect billions globally without requiring new hardware. The launch accelerates AST’s plan for a dense constellation, positioning it to compete in the growing satellite communications market.

Telescope Innovations reported a 31.8% revenue surge to CAD $5.8 million in FY2025, alongside increased R&D spending. Key developments include progress on a Pfizer Self-Driving Lab project, record sales for DirectInject-LC with European and Asian market entries, and initial shipments of battery-grade lithium sulfide produced via a proprietary method. The company is transitioning from development to commercialization, aiming to capitalize on demand for intelligent, automated chemistry solutions.

XTI Aerospace, Inc. is poised to benefit from a recent FCC ruling restricting certain foreign-made drones. This decision, aimed at enhancing national security, opens opportunities for domestic UAS providers like XTI and its subsidiary Drone Nerds. The acquisition of Drone Nerds strengthens XTI’s position to offer compliant, secure, and high-performance drone solutions to U.S. enterprises and government agencies, fostering a more robust American drone ecosystem.

Borealis Mining Company has transitioned to initial gold production, reporting $1.54M in revenue for Q1 FY2026, despite a net loss. The company successfully processed stockpiles and achieved its first gold pour. Financially strong with $8.18M cash, Borealis plans to restart open-pit mining in early 2026, acknowledging associated risks. Key permits are secured, and exploration continues across multiple projects, leveraging existing infrastructure and an experienced management team.

AmeriTrust Financial Technologies has raised $36.19 million in gross proceeds through its initial brokered offering. The funds will be used to restart lease origination activities in Q1 2026 and strengthen working capital. The financing involved the sale of Debenture Units and Life Units, with specific terms for debentures, warrants, and acceleration clauses. This capital infusion supports AmeriTrust’s automotive finance platform and plans for structured risk management in lending. The offering was co-led by Clarus Securities and Cormark Securities, who received commissions and broker warrants. Insider participation is noted as a related-party transaction. A second tranche is expected in January 2026, and the company has an option for further proceeds.

Huber Capital Management has absorbed the Coho Relative Value Fund’s assets into its Select Large Cap Value Fund. This strategic consolidation aims to leverage Huber’s expertise and infrastructure to serve a broader investor base, reflecting a growing trend in the asset management industry. Coho’s management team will remain shareholders, signaling confidence in Huber’s investment philosophy. The merger is expected to enhance operational efficiencies and scale for future growth, offering investors a tax-free reorganization.

First BanCorp (FBP) will release its Q4 and full-year 2025 financial results on January 27, 2026, followed by a conference call. Investors will focus on net interest income, loan provisions, asset quality, and management’s commentary on economic conditions. Strategic initiatives, digital transformation, and capital allocation plans are also key areas of interest. A webcast and dial-in option will be available, with replays accessible afterward.

Hesai Technology is partnering with Meituan’s Keeta Drone to accelerate the low-altitude economy. Hesai will supply its FTX solid-state lidar for Keeta Drone’s next-generation delivery drones, including the new M-Drone 4L, the first commercial delivery drone with standard lidar integration. This collaboration leverages advanced 3D perception for safe, all-weather urban operations, supporting a projected $25 trillion global robot hardware market by 2050. The FTX’s enhanced features promise streamlined integration and cost reduction, with mass production starting in 2026.

International Lithium Corp. (ILC) reported overwhelming shareholder support at its annual general meeting, approving all resolutions and director nominees. The company is focused on critical minerals exploration in Ontario, Canada, and Southern Africa, targeting lithium, rubidium, and copper. Driven by surging demand for EV batteries and data centers, ILC aims to develop its projects and secure supply chains, contributing to the green energy economy. Key priorities include the Raleigh Lake and Firesteel projects, with strategic expansion into Zimbabwe.