• 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

• SEGG Media has completed a comprehensive corporate transformation, including rebranding, structural realignment, and strategic repositioning.
• The company operates across three synergistic verticals with scalable revenue potential: Sports.com, Entertainment, and Lottery.com.
• A $100 million financing facility is in place to support its acquisition-driven five-year growth plan.
• The upcoming launch of the Sports.com Super App is expected to redefine fan engagement across soccer, motorsports, and beyond.
• SEGG is executing a global expansion strategy through acquisitions such as GXR World and DotCom Ventures.

SEGG Media (NASDAQ: SEGG, LTRYW) is a global sports, entertainment, and gaming company redefining how audiences connect with content through immersive technology and ethical engagement. Formerly known as Lottery.com Inc., the company recently completed a comprehensive corporate transformation, rebranding as SEGG Media (short for Sports Entertainment Gaming Global Media) to reflect its new strategic direction and structural overhaul.

With a mission to fuse real-time experiences, fan-first platforms, and responsible innovation, SEGG Media operates at the intersection of sports, entertainment, and gaming. Its business model is built around three synergistic verticals, each designed to scale globally while delivering meaningful value to fans, partners, and shareholders.

From sim racing and esports to live event streaming and charitable gaming, SEGG Media is building a next-generation platform that redefines how audiences interact with their favorite content and communities.

The company is headquartered in Fort Worth, Texas.

Portfolio

SEGG Media’s operations are structured across three core verticals: Sports.com, Entertainment, and Lottery.com.

• Sports.com is SEGG’s global hub for immersive sports media, covering sim racing, football, motorsports, and athlete-led content. The vertical includes Sports.com Studios, Sports.com Media, and Nook, each focused on original storytelling and fan-driven experiences. In June 2025, SEGG announced plans to acquire a 51% stake in the sports and technology assets of GXR World to launch the Sports.com Super App, a first-of-its-kind platform combining live streaming, e-commerce, community chat, real-money and fantasy gaming, and sports news. Built on GXR’s tech stack, which already draws over one million monthly active users, the Super App is expected to debut in Q3 2025 with an initial focus on soccer and motorsports.
• The Entertainment pillar includes AI-driven event streaming, music and fashion media, and hybrid live experiences. As part of its acquisition-led growth model, SEGG is advancing a proposed deal to acquire DotCom Ventures Inc., owner of Concerts.com and TicketStub.com, to build out ticketing, event distribution, and direct-to-fan monetization infrastructure. This initiative aligns with SEGG’s five-year plan to unify content, commerce, and fan engagement under one platform, supported by a $100 million financing facility activated in May 2025.
• Lottery.com, SEGG’s ethical gaming division, delivers domestic and international lottery access, iGaming, instant wins, sports betting, charitable gaming through properties such as WinTogether, and syndicated results data to more than 800 publishers through Tinbu. With compliance issues resolved and new operating structures in place, the platform is being relaunched globally through Lottery.com International.

Together, these three verticals enable SEGG Media to unify fragmented fan experiences into a fully integrated global ecosystem—where sports, gaming, content, and commerce converge.

Market Opportunity

The global sports betting industry is undergoing rapid expansion as digital adoption accelerates and new markets open to regulation. According to Grand View Research, the sports betting market was valued at $100.9 billion in 2024 and is projected to reach $187.39 billion by 2030, growing at a compound annual growth rate of 11% from 2025 to 2030. This growth is fueled by increased internet penetration, widespread mobile usage, and rising interest in real-time, interactive fan experiences.

Beyond sports betting, SEGG Media also operates in the high-growth arenas of streaming, esports, and AI-powered content delivery. These adjacent markets are seeing double-digit global growth as fans demand more immersive, on-demand, and participatory forms of entertainment. With its diversified platform and strategic positioning across three converging verticals, SEGG Media is built to capitalize on multiple long-term secular trends and unlock scalable revenue opportunities.

Leadership Team

Matthew McGahan, Chief Executive Officer and Chairman, joined the company in October 2022. Since then, he has played a central role in stabilizing operations, restructuring the organization, and guiding its rebrand to SEGG Media. McGahan brings a mix of entrepreneurial drive and philanthropic leadership, having founded the UK-based charity Mask Our Heroes during the COVID-19 pandemic and previously built and sold the Harley-Davidson dealership Magic Automotive Group.

Tim Scoffham, CEO of Sports.com Media and Lottery.com International, brings over 20 years of leadership experience across gaming, media, and digital sports entertainment. Appointed following a successful consultancy period, Scoffham now leads SEGG’s global growth strategy for its iGaming and sports media divisions. He is focused on expanding international operations, aligning media and technology platforms, and driving revenue across high-growth jurisdictions while strengthening regulatory partnerships.

For more information, visit the company’s website at https://seggmediacorp.com.

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

• U.S. clean energy tax credits under the new Big Beautiful Bill require projects to commence construction by July 4, 2026, and complete within four years.
• SolarBank has enough advanced-stage U.S. projects to meet this timeline, backed by a $100 million financing deal with CIM Group.
• The company is prioritizing construction on a 97 MW portfolio in key states with interconnection and permitting progress.
• In Canada, SolarBank is deploying battery systems in Ontario under decade-long IESO contracts and expanding in Nova Scotia’s Community Solar program.
• Canada’s “Build, baby, build” policy push under Prime Minister Mark Carney favors developers with shovel-ready assets.
• SolarBank is actively adjusting development and financing schedules to align with evolving incentives while managing cross-border policy risk.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is positioning itself to navigate and benefit from rapidly evolving policy developments in both the United States and Canada. As lawmakers on both sides of the border adjust clean energy timelines, incentives, and infrastructure priorities, the solar and battery storage developer is adapting its strategy to maintain momentum and secure investor value (https://ibn.fm/KhbAn).

In the U.S., the newly enacted Big Beautiful Bill (“BBB”) sets a clear policy horizon for renewable energy developers. The legislation allows solar and battery energy storage projects to qualify for full investment tax credits (“ITCs”) if construction begins by July 4, 2026, and the projects reach commercial operation within four years. This represents a shift from earlier open-ended timelines and will likely accelerate near-term activity across the sector.

SolarBank CEO Dr. Richard Lu said the company is ready. “We have enough advanced-stage projects we can get into construction before the deadline to take advantage of the tax credits,” he noted. Crucially, a $100 million project-level financing arrangement with CIM Group will help SolarBank move forward with its 97-megawatt (“MW”) U.S. portfolio. These assets are primarily located in states where the company already controls project sites and has made permitting and interconnection progress, key hurdles that often slow renewable energy builds.

In parallel, the company is drawing on its diversified Canadian footprint to hedge against U.S. policy shifts. In Ontario, SolarBank is deploying battery energy storage systems under the province’s Long-Term RFP initiative from the Independent Electricity System Operator (“IESO”). The program offers decade-long contracts for clean, dispatchable capacity, providing long-term visibility for developers.

SolarBank also maintains a strong position in Nova Scotia’s Community Solar program, where it holds notable market share as an EPC contractor and continues to expand. These provincial programs, backed by stable regulatory support, offer an additional layer of revenue stability as the company grows.

Dr. Lu also highlighted Canada’s broader infrastructure and energy ambitions under Prime Minister Mark Carney’s “Build, baby, build” strategy, a recently launched push to accelerate infrastructure, housing, and clean energy development. “SolarBank benefits from Canada’s support to clean energy and is leading the charge to build Canada as an energy superpower,” he said.

The macro backdrop in the U.S. also remains favorable. Federal data indicates that the country must add over 206 gigawatts of new power capacity by 2030, with solar expected to provide nearly three-quarters of that supply. In the first quarter of 2025, solar and wind accounted for 98% of new generation capacity added across the nation.

According to Dr. Lu, March 2025 marked the 19th consecutive month in which solar was the largest contributor to new electrical capacity in the U.S. Falling costs and faster deployment times continue to make solar and battery storage competitive in both regulated and deregulated power markets.

As SolarBank continues to adjust its development timelines, financing structures, and construction schedules, the company is positioning itself to capture both short-term tax credit benefits and long-term value creation. With operations in two countries undergoing active energy transitions, SolarBank’s dual-market exposure may prove to be a strategic asset in the years ahead.

For more information, visit the company’s website at SolarBankCorp.com. This report contains forward looking information. Please refer to the press release entitled “SolarBank Issues Update on Strategic Positioning Amid Shifting U.S. and Canadian Policy Landscape” for additional details on the statements, risks and assumptions.