Financial Wire

Allied Strategic Resource Up Near 38% As Announces Name Change

-- Allied Strategic Resource (ASR.CN) on Friday said that it plans to change its name to "Americas Uranium Corp." from "Allied Strategic Resource Corp." and begin trading on the Canadian Securities Exchange under the new name at the market open on April 22, 2026.

The company said that, concurrently with the name change, it will also change its stock symbol to "NUCA" on the CSE.

"The name change to Americas Uranium Corp. reflects our clear vision to build a focused uranium company at a time of increasing global demand for nuclear energy," said Nicholas Luksha, Chief Executive Officer. "It underscores our commitment to identifying and advancing high-quality uranium opportunities, not only in established jurisdictions such as the Athabasca basin, but across North and South America as we continue to execute on our growth strategy."

Shares were last seen up $0.085 or near 38% at $0.31 on the Canadian Securities Exchange.

Related Articles

Australia

Market Chatter: Palantir Selected to Compete on New FAA AI Tool

Palantir Technologies (PLTR), Thales, and Air Space Intelligence were selected by the US Federal Aviation Administration to compete on a new artificial intelligence tool for air traffic management, Bloomberg reported Friday, citing a person familiar with the matter.The FAA has received $12.5 billion from Congress for the project but it needs about $20 billion more to complete the overhaul, according to the report.Palantir did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $147.00, Change: $+4.24, Percent Change: +2.97%

$PLTR
Commodities

US Biofuels Update: Strait of Hormuz Reopening Pushes Soybean Oil Futures Lower

Biofuels feedstock futures closed mixed on Friday, as soybean futures rose while soybean oil dropped, both caught up in a risk-off trading day amid the reopening of the Strait of Hormuz in Iran.The Chicago Board of Trade May soybean futures contract closed 0.30% higher at $11.67 per bushel, and the CBOT May soybean oil futures contract settled 1.69% lower at 68.16 cents per pound.On Thursday, the May ethanol futures contract on the Nymex ended 0.52% lower at $1.90 per gallon.Rhett Montgomery, DTN analyst, said that the soybean market bulls will be looking for reassurance of the previously indicated 25 million metric tons of export demand from China through 2026-27 in next month's Summit."At this point, it is apparent that the soybean market is weighing the tradeoffs to a conclusion of hostilities in the Middle East of lower energy prices but potentially improved US-China relations ahead of President Trump's visit in May, as a net positive to the soybean market over the long run," Montgomery stated in a daily note.

Commodities

Money Managers Maintain Bullish Bets in Crude Markets, CFTC Says

Money managers in the WTI crude futures and options markets maintained their net long positions in the week ended April 14, according to the Commodity Futures Trading Commission's latest Commitments of Traders report released Friday.The data showed that money managers reported 226,150 long positions, up 3,059 from April 7, while short positions were down 3,347 to 81,907.Producers, merchants, processors, and users held 734,500 long positions and 428,140 short positions.