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09.04.26 - 20:06
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Down 50%, Analysts Thinks IREN (IREN) Doubles from Here (24/7 Wall St.)
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IREN Ltd (NASDAQ:IREN) currently trades at $36.83, while the Wall Street consensus price target sits at $73.47, implying roughly 99% upside from current levels. This level of implied upside stands out and suggests the market may not yet be fully pricing in the company's earnings power as that contracted revenue begins to materialize. IREN is ... Down 50%, Analysts Thinks IREN (IREN) Doubles from Here...
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08.04.26 - 13:36
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American Ocean Minerals Corporation to Merge with Odyssey Marine Exploration, Inc., Creating a $1B U.S.-Controlled Deep-Sea Critical Minerals Platform (Business Wire)
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Creates one of the largest U.S.-controlled critical minerals and rare earths platforms focused on deep-sea exploration, harvesting and processing of polymetallic nodules
Led by Chairman Tom Albanese, former Rio Tinto CEO, and CEO Mark Justh, a 30-year financial services veteran; and supported by founding investor and special advisor Mike Rowe, the founder and CEO of the mikeroweWORKS foundation, nationally recognized media figure and advocate for reindustrialization and skilled trades development
Diversified portfolio spanning U.S.-licensed international waters and allied sovereign waters, including two out of three exclusive licensed exploration areas in the critical mineral-rich Cook Islands
Transaction values the combined company at a pro forma equity value of approximately $1 billion, including in excess of $230 million of total equity capital raised, of which more than $150 million is a private placement from prominent institutional and strategic investors, and $75 million is a pre-public financing t...
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