• The Department of Defense announced an additional $18.4 million funding to Ucore Rare Metals.
• The decision to support Ucore represents a critical step in reclaiming the United States’ control over materials essential to national safety.
• The money will help install the first commercial RapidSX separation line at Ucore’s Strategic Metals Complex. 

“Every day of delay is a day an aircraft can’t fly.” This statement makes sense and is obviously a widely recognized truth among the U.S. military. Those charged with providing security and protection for the United States place a high priority on ensuring that no key components of essential aircraft are delayed. Most recently, that attention has been focused on parts made of metals refined almost entirely in China, such as the dysprosium inside a missile’s steering fins. Now the U.S. Department of Defense (“DoD”) is betting that a start-up-scale plant in Alexandria, Louisiana, can keep those aircraft aloft.

In late May, Pentagon officials committed $18.4 million to Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF); these funds were in addition to an earlier DoD award, bringing total government support for the company to $22.4 million (https://ibn.fm/OTvbq). The money will help install the first commercial RapidSX separation line at Ucore’s Strategic Metals Complex (“SMC”), an 80,800-square-foot brownfield site on a decommissioned Air Force base. Ucore’s RapidSX technology shrinks a conventional solvent-extraction maze into a modular system that works at least three times faster and occupies a fraction of the floor space (https://ibn.fm/xzmbc).

Anxiety about keeping key aircraft in the air surged this spring after Beijing slapped export licenses on seven critical rare-earth elements, including dysprosium and terbium, in retaliation for U.S. tariffs. The move gave Chinese officials a regulatory dial they can turn up or down with little warning, and it reminded Washington just how fragile its supply chain remains.

A recent Radial Magnet report noted that “in 2025, China significantly escalated its control over the global rare earth magnet supply chain by introducing strict export restrictions. These measures have sent shockwaves through industries that rely heavily on advanced magnets, such as electric vehicles (“EVs”), renewable energy, aerospace, and defense. As the world scrambles to secure alternatives, China’s policies are reshaping the global landscape for magnet sourcing and manufacturing” (https://ibn.fm/Vhoq5).

The recent funding announcement indicates Ucore’s RapidSX technology has struck a chord. “We are most appreciative of the ongoing support we have received from the U.S. Department of Defense,” said Ucore chair and CEO Pat Ryan. “We further reiterate our support for the executive actions executed by the administration and await the results of this ongoing work. Our groundbreaking ceremony at the SMC was a pivotal moment for the company as we move toward our goal of commencing with domestic commercial production of separated and salable rare earth oxides in 2026.”

The Alexandria facility broke ground in May and is scheduled to deliver its first commercial oxides in 2026. Construction deadlines are tight, and the site still needs additional financing — roughly $45 million by company estimates — to reach full 2,000-ton annual capacity. If the plant delivers, future presentations may again mention mixer-settlers and reagent flows. But they will do so against a backdrop of jets in service, missiles on standby and a supply chain that finally runs through Louisiana instead of Liaoning.

For more information about Ucore Rare Metals, visit www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF

• The hospitality industry is ripe for disruption by AI and robotics
• For investors, the case for hospitality robotics is compelling. This sector represents an intersection of AI innovation, real-world utility and rising adoption
• Nightfood Holdings is developing proprietary AI and robotic solutions tailored for hospitality environments

Robotics and AI are rapidly transforming the world, offering both operational efficiencies and compelling investment opportunities. Nightfood Holdings (OTCQB: NGTF) is venturing into AI-driven robotic initiatives in the hospitality sector, aimed at enhancing guest experiences and improving service delivery in the hospitality sector.

The hospitality industry is ripe for disruption by AI and robotics. According to a recent report, the global service robotics market was estimated to grow $107 billion by 2030 (ibn.fm/o6PvP). Visitors increasingly gravitate towards seamless, contactless service. Hotels that implement these technologies can reduce labor costs, improve service consistency and increase guest satisfaction—all key drivers of revenue growth and brand loyalty. At the same time in one market that is driven by more efficient features.

Consumer sentiment toward robotic assistance in hospitality settings is increasingly positive, with multiple studies confirming that guests perceive service robots as efficient, helpful, and emotionally reassuring in a range of scenarios. According to research, travelers value the performance and emotional support capabilities of service robots, particularly in situations where privacy or safety is a concern (ibn.fm/Rqo8d).

Additional findings suggest that robots can enhance customer satisfaction by alleviating social discomfort during sensitive or awkward service interactions, thereby improving overall guest experience (ibn.fm/fbkHP). Studies also indicate that robotic automation in hospitality can lead to tangible operational benefits, including reduced labor costs and improved consistency of service, making the technology an increasingly attractive opportunity for forward-thinking investors.

Beyond guest-facing applications, hotels are also using AI-powered robotics for behind-the-scenes efficiency. Autonomous concierge robots can sanitize and dust high-traffic areas more frequently, while inventory-tracking robots can ensure minibar and linen supplies are restocked efficiently. A Deloitte report on travel and hospitality technology found that approximately 43% of hotel general managers anticipate automation will help reduce labor costs (ibn.fm/83mIb). Additionally, nearly 60% of hotel leaders expect technology such as contactless services and robotics to improve the guest experience, which in turn can drive operational efficiency and cost savings (ibn.fm/CJ0Xg).

For investors, the case for hospitality robotics is compelling. This sector represents an intersection of AI innovation, real-world utility and rising adoption. Investing in companies at the forefront of these technologies offers exposure to high-margin software and hardware revenues, recurring service contracts and the potential for fast scalability as hotels worldwide pursue contactless solutions. It is not just about owning robot manufacturers — it’s about gaining exposure to entire ecosystems of service integration, software platforms and data-driven operations.

This is where NGTF differentiates itself. The company is developing proprietary AI and robotic solutions tailored for hospitality environments. These initiatives align with its broader pivot from consumer soft goods toward AI-driven service innovation. Nightfood also integrates AI analytics to optimize inventory and personalize product recommendations (ibn.fm/XwgRv). By analyzing guest preferences and purchasing history, the company’s robotics platforms can anticipate demand and adapt offerings in real time. As more hotels adopt these solutions, Nightfood gains potential recurring revenue lines from hardware, SaaS subscriptions and consumable-based refills.

While Nightfood’s initiatives are early stage, the market dynamics are promising. The global food and beverage robotics (“F&B”) market, including service robots such as waiter and delivery bots, is projected to expand significantly, with estimates ranging from $1.8 billion in 2023 to nearly $4.0 billion by 2028, implying growth rates between 10% and 20% CAGR (ibn.fm/eNGL0). Furthermore, Nightfood’s experience in agile supply chain management, from product manufacturing to data-oriented distribution, supports scalable deployment of robotics.

The company has begun forging partnerships with hotel operators and robotics integrators to ensure customization and compliance with industry standards. These alliances, paired with pilot success, are positioning Nightfood to follow a Robotic-as-a-Service, creating attractive investment profiles due to recurring, diversified revenue and lower deployment risks.

Analysts now widely recognize that companies utilizing a RaaS model — offering bundled hardware, software, and ongoing services — are creating highly attractive investment profiles due to their predictable recurring revenue and scalable deployment structures. A Prophecy Market Insights study projects the global RaaS market to increase from $1.5 billion in 2022 to $6.2 billion in by 2032, growing at an estimated 15.3% CAGR, highlighting long-term market potential and investor interest. Nightfood’s alignment with this framework enhances the company’s appeal, as it provides multiple revenue streams across B2B service agreements, consumable sales and data insights.

Moving forward, Nightfood Holdings is expanding its presence in the hospitality sector through strategic hotel acquisitions and the integration of AI-powered robotics. The company has signed a $41 million acquisition of a 155-room hotel in Victorville, California, which will serve as a model property for its robotics-enabled hospitality initiatives. Additionally, Nightfood’s leadership team has developed more than 50 properties and managed more than 130 hotels, bringing deep industry expertise to its expansion efforts.

For more information, visit the company’s website at NightfoodHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF

• Safe Pro’s AI-based software, field-tested in Ukraine for over two years, plays a key role in drone-enabled landmine detection.
• The company’s revenue has grown 140% over the past twelve months, Litchfield Hills Research noted.
• Safe Pro is actively pursuing funding opportunities tied to the U.S. One Big Beautiful Bill Act, and has filed patent applications across 47 international jurisdictions for its AI threat detection technology.

Safe Pro Group (NASDAQ: SPAI), an emerging provider of AI-powered security and threat detection solutions, has received a Buy rating from Litchfield Hills Research upon coverage initiation on July 17, with the firm setting an $8.00 price target. Shares closed at $3.06 ahead of the announcement, implying a potential upside of more than 160% based on the rating (https://ibn.fm/9Uvif).

The Florida-based company has focused its technology on defense, homeland security, and humanitarian applications. Its SpotlightAI(TM) platform processes drone-captured imagery to detect small, often deadly, objects, including landmines and unexploded ordnance. According to Litchfield Hills, this AI application has been tested in Ukraine for over two years and has shown superior performance compared to traditional demining methods.

The research firm highlights the relevance of SPAI’s offering in light of the ongoing war in Ukraine. Since Russia’s 2022 invasion, an estimated 30% of Ukrainian land may be contaminated with mines. Safe Pro’s tools, used in the region, have reportedly identified over 27,000 unexploded ordnances across more than 16,000 acres.

Litchfield Hills also noted that the company’s AI solution is protected by a broad patent covering the use of artificial intelligence in analyzing drone-based imagery for explosive detection. International patent applications have been filed in nearly 50 jurisdictions to support its global expansion strategy.

Financially, the company remains in its development phase and is not yet EBITDA-positive. However, it reported a 140% increase in revenue over the past year. At Litchfield’s $8.00 target, the stock would trade at 9.7x market cap to sales, below the peer average, suggesting room for valuation growth.

In addition to its AI software, Safe Pro manufactures protective gear for explosive ordnance disposal (“EOD”) teams. A recent contract with a U.S. government contractor involves supplying this gear to support mine-clearing operations in the Asia-Pacific region. The company also confirmed that SpotlightAI will be evaluated in the same region.

Safe Pro is also well positioned to benefit from the U.S. One Big Beautiful Bill Act, which designates $33 billion toward AI and defense technology, Litchfield Hills Research noted. The company is reportedly in talks with the Department of Defense and major contractors to expand the deployment of its platform. Its technology can currently detect more than 150 types of mines and UXO.

Safe Pro’s market capitalization stands at approximately $46 million, reflecting the early-stage nature of the business. Yet, given its niche focus and expanding relevance amid ongoing geopolitical instability, Litchfield sees strong commercial potential.

Investors appear to be taking notice of the strategic positioning. As InvestingPro data shows, the company has traded in a volatile range over the past year, with a 52-week low of $1.47 and a high of $6.50 (https://ibn.fm/5X9vg). The current rating provides a reference point for assessing near-term upside as SPAI advances discussions with government entities and continues its international rollout.

While the company still faces the typical risks of early-stage AI firms—such as technology validation, commercialization, and competition—its focus on a clear and pressing problem gives it a distinct profile among small-cap defense technology plays. Litchfield Hills’ valuation implies investor interest may increase as more data from field operations and government trials emerges.

For more information, visit the company’s website at www.SafeProGroup.com.

NOTE TO INVESTORS: The latest news and updates relating to SPAI are available in the company’s newsroom at https://ibn.fm/SPAI

• Copper prices jumped 17% last week after U.S. President Donald Trump announced potential 50% tariffs on the industrial metal.
• Global copper market is forecast to reach $253.82 billion by 2029, driven by the rapid rise of EVs, renewable energy, and infrastructure investment.
• Supply risks in key producing regions like Chile and Peru support new project development in other jurisdictions.
• Silvercorp’s El Domo copper-gold project in Ecuador is slated for production by late 2026.
• Backed by strong cash flow from its existing silver operations in China, Silvercorp is growing and diversifying its portfolio at a critical time for the copper market.

Copper prices jumped 17% last week after U.S. President Donald Trump announced potential 50% tariffs on the industrial metal. The move comes amid widespread expectations of a significant rise in global copper demand over the next decade, supported by accelerating demand across construction, electric vehicles (“EVs”), renewable energy infrastructure, and electronics. As this momentum builds, Canadian mining company Silvercorp Metals (NYSE-A/TSX: SVM), is expected to benefit through the development of its copper-gold El Domo project in Ecuador, alongside existing silver and base metal operations in China.

According to a Research and Markets report, the global copper market is expected to grow from $176.88 billion in 2024 to $253.82 billion by 2029, registering a compound annual growth rate (“CAGR”) of 7.4 (https://ibn.fm/2KQBK). The expansion is being driven by key global trends including the rapid rise of EV adoption, 5G rollouts, and urban infrastructure investment, all sectors where copper plays an essential role due to its superior conductivity and durability.

Copper is increasingly indispensable to the energy transition. From EV batteries to solar panels and grid upgrades, demand is expected to intensify over the next decade. EVs, for example, require nearly four times as much copper as internal combustion engine vehicles. The International Energy Agency reported that over 8 million EVs were sold in China in 2022 alone, a 35% increase from the prior year’s volume, highlighting copper’s growing role in transport electrification.

Though China remains the largest single consumer of copper, Mordor Intelligence notes that the greater Asia-Pacific region will continue to dominate overall copper demand due to its expanding construction and electronics sectors. India is increasing its copper use as public infrastructure, housing, and medical device manufacturing ramp up (https://ibn.fm/DY1ET).

While demand rises, long-term supply remains vulnerable. A recent PwC report warned that 32% of global semiconductor production could face copper supply disruptions by 2035 due to water stress in mining regions such as Chile and Peru (https://ibn.fm/B6AjN). Copper is integral to chipmaking, and disruptions in its availability could ripple through electronics, automotive, and industrial sectors. PwC estimates that 25% of Chile’s copper production is at risk of disruptions today, rising to 75% within a decade and to between 90% and 100% by 2050.

This context raises the strategic value of projects in less water-stressed regions—such as Silvercorp’s El Domo. The company has built an 18-year track record in China, with Fiscal 2025 marking record revenues of nearly $299 million, is expanding its exposure to copper via El Domo, a high-grade copper-gold volcanogenic massive sulfide (“VMS”) deposit in central Ecuador. For Silvercorp, El Domo represents a strategic diversification of its asset base and commodity exposure.

El Domo, located roughly 150 kilometers from Guayaquil, Ecuador’s principal port city, is fully permitted and in its construction phase. Silvercorp expects to bring El Domo into production by the end of 2026 at a cost of $240.5 million, below the 2021 feasibility estimate of $247.6 million. The site benefits from strong infrastructure, including nearby roads and proximity to Ecuador’s national power grid.

The flat-lying deposit begins just 30 meters from surface, with dimensions of approximately 800 by 400 meters. This geometry supports cost-efficient development and open-pit mining potential. The site is accessible via well-maintained gravel roads, and its low elevation (300 to 900 meters above sea level) further eases logistics and operational planning.

Once in production, copper is expected to become a significant revenue driver for SVM—especially in the current high-price environment. At the conservative copper price of US$3.50/lb used in El Domo’s feasibility study, copper from El Domo would contribute approximately US$85 million in annual revenue. At current spot prices, this increases to over US$135 million, significantly strengthening Silvercorp’s top line.

The company’s strategy for creating shareholder value focuses on generating free cash flow from existing operations, expanding through organic growth opportunities in China and Ecuador, and pursuing strategic mergers and acquisitions. This approach is designed to support sustainable growth while maintaining financial discipline.

As primary copper projects grow in strategic importance, amid a growing demand for copper and partially disrupted supply, Silvercorp’s presence in both China and Latin America is expanding its global footprint and key commodity exposure at a critical time for the copper market. With El Domo on track and global copper fundamentals strengthening, Silvercorp is well-positioned to emerge as a significant player in the evolving energy economy.

For more information, visit the company’s website at www.silvercorpmetals.com/welcome.

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• Lahontan Gold is advancing toward near-term with over 2 million ounces of open-pit gold potential and no debt
• CEO Kimberly Ann’s track record, capital discipline, and commitment to responsible development stood out in a recent investor discussion
• Broader gold market dynamics, including inflation hedging and executive optimism, point to major upside for well-positioned juniors

With inflation concerns lingering and gold prices hovering near record levels, long-term investors are increasingly eyeing undervalued junior miners positioned for near-term development. The big story is simple: the world still runs on hard assets, and gold remains a core hedge against monetary instability, geopolitical shocks, and overleveraged markets.

But there’s a disconnect. Despite bullish fundamentals, many juniors remain beaten down victims of risk-off sentiment, shareholder dilution fears, or legacy ownership issues. For smart capital, that’s not a deterrent; it’s an opportunity.

Lahontan Gold: Ready to Build in Nevada

Lahontan Gold Corp. (TSX-V: LG) (OTCQB: LGCXF) is one of those rare juniors that checks every box. With no debt, robust insider ownership, a path to production, and significant gold-silver resources in a top-tier jurisdiction, the company stands out in a crowded field of hopefuls. It holds the past-producing Santa Fe mine in Nevada and has outlined a resource exceeding 1.9 million ounces gold equivalent, likely over 2 million once pending drilling is factored in. And all of it sits on permitted, brownfield ground with access to water and power.

As CEO Kimberly Ann explained in a recent interview with John Feneck and Don Durrett, Lahontan is already on a fast track toward construction readiness by 2027, with metallurgical testing underway and permitting expected to cost just $1.8 million. “It’s not a lot of money from now till production,” she said, estimating total capital requirements of $8–10 million over the next two years,” a figure which factors not only bringing Sante Fe to production, but expanding the project and developing the nearby West Sante Fe project.

Metallurgy and Recoveries Point to Strong Economics

One of the key concerns for any gold project is metallurgical recovery. Lahontan has a favorable profile here, particularly in its oxide material. Early test work from the Santa Fe pit area shows oxide gold recoveries between 80% and 86%, with potential upside using new technologies to convert sulfides into leachable oxides. If successful, this could unlock an additional million-plus ounces of higher-grade sulfide gold.

Ann emphasized that recovery rates for the first six years of mining, focused on oxides, should reliably hit the 80% mark or higher. “It’s no risk for us to try to improve as much as possible,” she said, referencing ongoing studies that could dramatically enhance project economics. Moreover, these calculations are determined without the benefit of the new data, which should be coming early in 2027, along with an updated PFS.

Low Valuation, Strong Management, Real Ownership

With a current market cap of just $26 million and 285 million shares outstanding (385 million fully diluted), Lahontan is trading at what the interviewers believe is a nonsensically low valuation. As Durrett pointed out in the interview, “It’s a 2+ million-ounce open pit story in Nevada… and it checks all the boxes.”

He likened the setup to a potential 20-bagger, especially if Lahontan ramps production to 80,000 ounces per year. At that rate, the math supports a billion-dollar market cap, nearly 40x the current valuation.

Ann herself has skin in the game and is cautious about dilution. “When we do the next raise, it will be focused on how much can we raise with minimal dilution,” she said, adding that in-the-money warrant exercises could bring in $1–$1.5 million alone, meaning the company is not in a big rush to take bad debt or heavily dilute to meet capital requirements.

Her entrepreneurial history, including starting a business at 18 and selling it for $3.5 million before entering the mining world and a savvy mining investment thereafter, gives her a grounded but driven approach to company-building. She’s not just talking about building a mine; she’s committed to building this mine, the right way before selling it to another company that can be proud of the mine and assets they acquire.

Silver Exposure and Strategic Flexibility

Lahontan also owns the Redlich silver project, which Ann described as an “extension of what Silver One is drilling” next to it. While she’s exploring strategic options for it, she recognizes its value in a market where silver could vastly outperform gold. With a16.5-million-ounce historic silver resource and robust disseminated silver system, it is imaginable for Redlich to be a 30+ million ounce project.

Selling or spinning out Redlich could bring in additional non-dilutive capital, giving Lahontan more flexibility as it pushes toward its production goal.

A Broader Theme of Mispriced Gold Stories

The unifying theme outside of the focus on Ann and Lahotan was clear: gold developers and small producers with scale, leadership, and jurisdictional stability are trading well below intrinsic value. For those with a 2–3-year horizon, the upside could be enormous, especially if gold does what many expect and breaks north of $3,000 or even $5,000 (and silver swells to $100+).

Lahontan Gold may not be on every investor’s radar yet, but the interview made it clear that it has the core ingredients of a breakout story: strong assets, execution-focused leadership, minimal capital needs, and a jurisdiction that favors development. If market tailwinds continue and Lahontan hits its milestones, this stock should be on the radar of all.

For more information, visit the company’s website at www.LahontanGoldCorp.com.

NOTE TO INVESTORS: The latest news and updates relating to LGCXF are available in the company’s newsroom at http://ibn.fm/LGCXF

• The $400M at-the-market equity offering was completed in just over two weeks.
• The average sale price in the offering was at a 149% premium compared to the company’s previous ATM raise in January 2025.
• The company holds a cash balance of approximately $815 million as of July 1.
• Proceeds will support strategic acquisitions, capital expenditures, and working capital needs.
• The ATM program comes as D-Wave’s Q1 2025 revenue surged 509% year-over-year, boosted by a major system sale to Germany’s Julich Supercomputing Center.

D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, has completed sales of $400 million in gross proceeds of its common stock in an at-the-market equity (“ATM”) offering, a move that strengthens its financial position as the company looks to scale operations and pursue strategic acquisitions. The raise, conducted between June 11 and June 27, was priced at an average of $15.18 per share. This represents a $9.08 or 149% premium to the $6.10 average price per share of the previous $150 million ATM program completed in January, according to the company (https://ibn.fm/AYkup).

This latest capital infusion brings D-Wave’s cash balance to roughly $815 million as of July 1. The company intends to use the proceeds from this financing primarily for strategic acquisitions and general corporate purposes including additional working capital and capital expenditures. 

“We intend to invest in acquisitions and programs that will enable us to expand our already significant lead as the only commercial quantum computing company with applications in production,” said Dr. Alan Baratz, CEO of D-Wave.

For the first quarter of 2025, the company reported a 509% year-over-year revenue increase, driven in large part by sale of its Advantage2(TM) quantum system to the Julich Supercomputing Center in Germany. The company has a hybrid business model, combining high-value hardware sales with a growing subscription base for its Quantum Computing-as-a-Service (“QCaaS”) platform. In Q1, D-Wave also posted a GAAP gross margin of 92.5% and achieved its lowest net loss since going public.

D-Wave remains the only commercial quantum computing company with applications in production, a position it continues to emphasize. The company’s cash position provides D-Wave flexibility to execute on its goals without near-term capital constraints. 

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world’s first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers — the world’s largest — feature QPUs with sub-second response times and can be deployed on-premises or accessed through our quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we’re shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

• ONAR’s 79% year-over-year revenue growth in Q1 2025 reflects its strategic shift toward high-value, recurring marketing services
• Recent restructuring and brand consolidation positions ONAR as a focused, technology-enabled marketing platform

In an environment where digital ad spending is increasingly scrutinized for return on investment, many mid-sized companies face a dilemma: how to achieve measurable marketing results without access to enterprise-level tools or sprawling internal teams. This challenge is growing in urgency as the advertising landscape becomes more fragmented, data-driven, and AI-powered.

ONAR Holding Corp. (OTCQB: ONAR) is positioning itself squarely at the intersection of this need. By combining specialty marketing agencies with proprietary martech innovation, ONAR is building a scalable platform for delivering advanced, ROI-focused services to growth-stage and middle-market companies, segments often underserved in the broader marketing ecosystem.

Restructuring Unlocks Strategic Clarity

ONAR’s Q1 2025 shareholder letter, released June 30, offers a revealing look at the company’s operational reset and strategic roadmap. Following its acquisition of HLDCO and its subsidiary Integrum Group, ONAR has simplified its corporate structure and rebranded key subsidiaries to reflect a tighter, more focused platform.

Integrum Group has now become ONAR LLC, housing the company’s two core marketing service brands:

• Storia, a premier performance marketing agency specializing in brand growth and with a focus on data-driven excellence.
• Of Kos, a full-service healthcare marketing agency committed to redefining the patient’s experience.

These two agencies sit at the heart of ONAR’s value proposition. By serving distinct high-growth verticals, digital performance media and regulated healthcare communications, they offer differentiated expertise in sectors where demand is strong and barriers to entry are high.

This restructuring move also saw ONAR sunset its experiential marketing business to sharpen its focus and allocate resources toward its most scalable and high-margin operations.

Strong Revenue Momentum, Early Signs of Operating Leverage

The early results of this transformation are showing up in the numbers. ONAR reported $1.07 million in Q1 revenue, up 79% year-over-year, driven largely by its core marketing services. Notably, 90% of revenue from its Advertising & Marketing segment is recurring, giving the company improved visibility and predictability, an important asset for a small-cap public company navigating growth.

More importantly, revenue growth significantly outpaced the increase in cost of revenue, suggesting the emergence of operating leverage in ONAR’s model. As the company grows, it expects its margins to continue expanding, a common trait among technology-enabled service businesses that reach critical scale.

However, ONAR was candid in addressing cash consumption. While its core businesses are profitable standalone, public company costs for compliance and governance remain a drag on overall financials. Management emphasized that upcoming acquisitions are key to achieving platform-level profitability by better absorbing fixed overhead and unlocking additional efficiencies.

Focused on AI-Enabled, High-Growth Segments

ONAR’s commitment to marketing technology remains central. Through ONAR Labs, the company continues to invest in new solutions designed to integrate AI into everyday marketing workflows. These tools are not theoretical or experimental; they are built in collaboration with the agency teams using them.

For example, Storia’s AI-driven media and SEO systems are designed for real-time campaign optimization, while Of Kos supports healthcare clients navigating regulatory challenges with data-informed precision. Both offer what ONAR believes is a durable advantage: results-based marketing tailored to complex industries.

This differentiation matters in an increasingly commoditized marketing services space. ONAR isn’t trying to be a full-service agency for everyone; it’s building domain-specific expertise powered by scalable technology and measurable outcomes.

Acquisition Pipeline and Capital Strategy Provide Growth Visibility

Growth through acquisition remains a cornerstone of ONAR’s strategy. Management said that additional agency targets are in the pipeline and close to being finalized. These acquisitions will not only expand service capacity but are expected to help offset fixed public company costs and accelerate ONAR’s transition toward platform profitability.

To support this growth, the company recently launched a Series E Preferred Stock offering that could raise up to $6 million. Combined with previously issued convertible notes, which have begun converting into common stock, ONAR is steadily improving its capital structure. These conversions also signal investor confidence in the company’s long-term value creation potential.

Importantly, ONAR maintains flexibility by balancing non-dilutive capital tools with long-term equity alignment, giving the company room to execute its strategy without overburdening its balance sheet.

Clear Roadmap with Long-Term Vision

CEO Claude Zdanow summed up the company’s direction succinctly in the shareholder letter, “These aren’t just growth moves – they’re critical steps to transforming our profitable core businesses into a sustainably profitable public platform.”

That transformation is underway. With a clarified structure, focused brand positioning, expanding tech capabilities, and a healthy acquisition pipeline, ONAR is moving from a collection of marketing agencies into an integrated marketing platform built for scale.

For middle-market companies navigating marketing complexity, and for investors watching the evolution of martech from fragmented tools to unified platforms, ONAR offers a compelling case of transformation in progress.

For more information, visit the company’s website at www.ONAR.com.

NOTE TO INVESTORS: The latest news and updates relating to ONAR Holding Corp. are available in the company’s newsroom at https://ibn.fm/ONAR

• Recent data indicates Soligenix’s HyBryte(TM) is showing promising treatment success in early-stage cutaneous T-cell lymphoma.
• “With limited treatment options, especially in the early stages of their disease, CTCL patients are often searching for alternative treatments,” leading investigator states.
• No new FDA-approved, skin-directed therapies have been introduced in more than a decade, and conventional options carry risks.

Soligenix (NASDAQ: SNGX) is reporting encouraging interim outcomes from the ongoing investigator-initiated study (“IIS”) of its HyBryte(TM) (synthetic hypericin) program, under the direction of Ellen Kim, MD, director of the Penn Cutaneous Lymphoma Program. Kim is a leading enroller in Soligenix’s phase 3 FLASH study and serves as principal investigator for the confirmatory phase 3 FLASH2 trial, which recent data from the IIS indicates is delivering promising treatment success in early-stage cutaneous T-cell lymphoma (“CTCL”).

Soligenix and the Cutaneous Lymphoma Foundation recently released interim results from the open-label IIS evaluating extended HyBryte(TM) therapy administered twice weekly for up to 54 weeks in patients with early-stage mycosis fungoides (https://ibn.fm/IUoEe). At the 18-week evaluation point, six out of eight evaluable patients — 75% — achieved “treatment success,” defined as a ≥50% reduction in modified Composite Assessment of Index Lesion Severity (“mCAILS”) from baseline. This aligns with the efficacy observed in the phase 3 FLASH study, in which the response rate reached 49% (p < 0.0001 vs. placebo) after 18 weeks (https://ibn.fm/HfwFF).

Further highlighting the treatment’s speed and durability, four of the responding patients in the IIS continued on treatment through 54 weeks, achieving an average maximum mCAILS improvement of 85%, while three remained on therapy. The tolerability profile has been similarly strong: HyBryte(TM) is non-mutagenic, does not damage DNA and is not systemically absorbed; in addition, no serious adverse events or patient dropouts have been reported.

“The complete response rates observed, including three patients achieving a complete response on this study to date, as well as the consistent treatment response and safety profile across multiple HyBryte(TM) clinical studies, has been exciting to see,” said Kim. “In the first phase 3 FLASH study, HyBryte(TM) was shown to be efficacious with a benign safety profile compared to the current therapies of steroids, chemotherapeutics and ultraviolet light in this chronic orphan disease.

“With limited treatment options, especially in the early stages of their disease, CTCL patients are often searching for alternative treatments,” Kim continued. “In our study funded by the U.S. Food and Drug Administration (“FDA”), initial results evaluating the expanded use of HyBryte(TM) in a ‘real-world’ treatment setting remain very promising, further supporting and extending results from the previous positive phase 2 and 3 clinical trials. It also provides further confidence to the potential responses we can expect to see in the confirmatory phase 3 placebo-controlled FLASH2 study.”

The FLASH2 trial, a randomized, double-blind, placebo-controlled phase 3 study enrolling approximately 80 early-stage CTCL patients across the United States and Europe, began enrolling in December 2024. It extends treatment in a single continuous 18-week cycle, compared to the 6-week cycle in the original FLASH protocol, with primary efficacy assessed at week 18. Soligenix anticipates an interim analysis in early 2026.

The urgency for innovation in CTCL is clear: no new FDA-approved, skin-directed therapies have been introduced in more than a decade, and conventional options carry risks such as contact dermatitis, UV-induced skin damage and long-term carcinogenic potential (https://ibn.fm/05o9S). “CTCL patients are often searching for alternative treatment,” Kim noted. “HyBryte(TM) offers a distinct treatment option, which patients found extremely useful and continue to specifically request” (https://ibn.fm/XqgT0).

Soligenix anticipates submitting a New Drug Application (“NDA”) to the FDA following successful FLASH2 results. Kim’s leadership, combined with her pivotal role in both enrolment and oversight of these trials, positions HyBryte(TM) as a leading candidate in addressing a significant unmet need in early-stage CTCL. With FLASH2 well underway and key milestones expected in 2026, HyBryte(TM) may soon redefine treatment standards for mycosis fungoides, offering new hope to patients and investors alike.

For more information, visit www.Soligenix.com.

NOTE TO INVESTORS: The latest news and updates relating to SNGX are available in the company’s newsroom at https://ibn.fm/SNGX

• Family offices, privately held wealth management firms for affluent families, are increasingly investing in sports franchises, seeing them as long-term assets with legacy-building potential.
• Brera Holdings attracted eight family offices in its recent Series A Preferred Offering, reflecting growing institutional interest, but Brera also offers retail investors access to pro sports – once the domain of billionaires and celebrities.
• With a Nasdaq listing, Brera is the first multi-club operator to offer public equity exposure to professional football clubs.
• Brera’s Juve Stabia club saw a 245% increase in market value over the 2024–25 season, driven by competitive performance.

Brera Holdings (NASDAQ: BREA), an Ireland-based international holding company focused on expanding its global portfolio of men’s and women’s sports clubs through a multi-club ownership (“MCO”) strategy, is tapping two converging trends reshaping professional sports ownership: the influx of capital from private family offices and the rising demand for democratized access to sports as an asset class.

Family offices, privately run wealth management firms serving ultra-wealthy families, are now active players in professional sports. According to FON Media, these entities have increasingly moved beyond traditional passive investment roles to acquire and control significant stakes in teams (https://ibn.fm/Y02Dn). Their combined assets under management, estimated at $5.9 trillion, are now being deployed into legacy-building sectors like sports.

Brera Holdings has been a direct beneficiary of this shift. In a recent update, the company disclosed that eight prominent family offices participated in its Series A Preferred Offering (https://ibn.fm/SElrK). The move underscores growing confidence in Brera’s business model, which centers on a multi-club ownership (“MCO”) strategy across men’s and women’s football teams worldwide.

Brera’s approach is modeled on the idea that football clubs can serve as appreciating assets, especially with the right operational support. This thesis was tested and validated during the 2024–25 season by S.S. Juve Stabia, a 52%-owned Brera portfolio team. After climbing from Serie C to Serie B, the Italian club saw its market valuation rise 245% to $32 million, based on Transfermarkt data and further analysis from Social Media Soccer.

This kind of appreciation highlights why sports teams are becoming a preferred long-term play for high-net-worth investors. But what sets Brera apart is that it hasn’t limited ownership to only those with massive capital reserves. Through its Nasdaq listing, Brera is the first MCO to offer retail investors a way to participate in professional football ownership, something traditionally reserved for billionaires and celebrities (https://ibn.fm/2mCJY).

As Front Office Sports noted, even the wealthiest investors are turning their attention abroad as U.S. sports franchises become increasingly difficult to acquire. Soccer, with its lower entry prices and broader availability of teams, has become a new frontier (https://ibn.fm/rahAv). “It’s not just rich U.S. investors that want in on European soccer clubs,” the publication added. “Everyday sports fans see the thrill in owning a piece of a European soccer team, even if their slice of the squad is tiny.”

Brera’s entry into Juve Stabia is illustrative. Unlike high-profile acquisitions such as Wrexham, purchased by actors Ryan Reynolds and Rob McElhenney when the club was in England’s fifth tier, Brera invested after Juve Stabia earned promotion to Serie B, Italy’s second division. The club then surged into the Serie A promotion playoffs, reaching the semifinals and raising its profile and value.

Brera’s public listing has allowed everyday investors to participate in that growth. For many, this represents a unique financial and emotional stake in a sport they follow closely, with the potential for returns driven by both on-field performance and brand development.

As Brera continues expanding its portfolio of clubs and deepening its operational capabilities, it is positioning itself as both a gateway for institutional capital and a platform for individual investors. In doing so, it helps reshape how professional sports ownership is accessed, financed, and valued.

For more information, visit the company’s website at www.BreraHoldings.com.

NOTE TO INVESTORS: The latest news and updates relating to BREA are available in the company’s newsroom at https://ibn.fm/BREA

• China’s move exposed how important it is that the United States focus on finding strong domestic sources for essential materials.
• A possible roadmap comes down to five mutually reinforcing steps, with Ucore Rare Metals’ RapidSX(TM) technology playing a key role in the process.
• The company’s goal is to play a vital role in building a robust and independent rare earth supply chain in North America, says CEO.

The tariff war between the United States and other countries, particularly China, has created a greater awareness of the tenuous U.S. position in terms of its reliance on China for essential materials for key products. That became even clearer earlier this year when China imposed export licensing restrictions on seven medium and heavy rare-earth elements — specifically samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium — as retaliation for U.S. tariffs, significantly tightening the supply of elements critical for aerospace, defense and other industries (https://ibn.fm/HYY5u).

China’s move exposed how quickly one regulatory dial, controlled half a world away, can grind American production to a halt — and how important it is that the United States focus on finding strong domestic sources for essential materials. Enter Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a North America–based uranium mining and exploration company.

While there’s no single fix to securing North America’s critical metals industry, a coherent roadmap may be emerging. The plan comes down to five mutually reinforcing steps, with Ucore Rare Metals’ RapidSX(TM) technology playing a key role in the process.

The first step is to diversify the rock, or widen the funnel of ore. Exploration programs in North America and allied nations are racing to qualify fresh deposits of dysprosium, terbium and other heavy rare earths. Since 2020, the U.S. Department of Defense has committed more than $439 million to strengthen domestic rare-earth supply chains — covering mining, separation, processing and magnet manufacturing — and aims to meet all U.S. defense requirements by 2027 (https://ibn.fm/o33DQ). In addition, government programs are boosting permitting for mining and providing tax credits, grants and funding for domestic critical mineral facilities with an eye on redundant sources blunting geopolitical risk and reassuring manufacturers.

Second, shrink the bottleneck with modular refining. Concentrate is only half the journey; the true choke-point is chemical separation. This is where Ucore’s RapidSX comes into play. Unlike conventional 50-stage solvent-extraction corridors, the system arrives on modular skids and processes mixed concentrate in a fraction of the time (https://ibn.fm/xzmbc). A new $18.4 million Defense Department award — bringing total federal support to $22.4 million — is funding installation of the first commercial RapidSX line at Ucore’s Strategic Metals Complex in Alexandria, Louisiana, slated to begin commissioning next year (https://ibn.fm/OTvbq). This means that smaller, faster plants can be sited where they are needed, cutting logistics costs and giving defense contractors predictable lead times.

Third, anchor refining to magnet-making hubs. Separation alone is not enough if finished magnets still cross the Pacific. The next step aims to pair mid-stream RapidSX units with new domestic magnet factories now rising in Oklahoma, South Carolina and the Upper Midwest, which are collectively designed to cover roughly one-tenth of U.S. demand once fully ramped.

Fourth, buffer the market with stockpiles and off-take hubs. April’s executive order on critical minerals directed agencies to accelerate seabed-resource permits and evaluate a national stockpile for strategic materials, including rare-earth oxides (https://ibn.fm/mUXdY). Coupled with long-term off-take agreements encouraged by the Inflation Reduction Act, the policy aims to smooth price swings and signal guaranteed buyers to private financers. Strategic reserves and locked-in customers stabilize markets, derisk capital expenditure and prevent panic buying when headlines spike.

Finally, prove the chain with traceability and environmental, sustenance and governmental (“ESG”) standards. Regulators on both sides of the Atlantic are tightening disclosure rules. The European Union’s Critical Raw Materials Act (https://ibn.fm/qcEOo) and updated OECD guidelines require granular origin data (https://ibn.fm/BOuMT), while U.S. agencies weigh stricter reporting under Section 232 investigations (https://ibn.fm/5LGnr). Against this backdrop, technologies such as RapidSX in audit-controlled foreign-trade zones (“FTZs”) provide the verifiable documentation needed for public procurement teams, ESG compliance and green-bond markets, all in line with evolving regulation and market expectations.

Individually, none of these steps snaps China’s grip. But together, they create a network effect: diversified ore feeds enable modular refineries, those refineries feed nearby magnet plants, strategic reserves smooth demand and rigorous traceability attracts capital. “[Ucore’s] goal is to play a vital role in building a robust and independent rare earth supply chain in North America, reducing reliance on Chinese imports and fostering technological innovation,” said Ucore chair and CEO Pat Ryan (https://ibn.fm/fSE97).

For more information about Ucore Rare Metals, visit www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF