-- Spruce Biosciences (SPRB) said late Monday it commenced an underwritten public offering of common shares or related prefunded warrants.
The company expects to grant underwriters a 30-day option to buy up to 15% more stock at the public offering price, less underwriting discounts and commissions.
The offering is subject to market and other conditions, Spruce said.
Spruce shares fell 13% in after-hours trading.
Ora Banda Mining (ASX:OBM) confirmed the mining potential of the Golden Pole lode within its Waihi project in Western Australia, according to a Tuesday filing with the Australian bourse.Targeted infill and extensional drilling returned results, including 3 meters at 44 grams per tonne (g/t), including 2 meters at nearly 65 g/t grade of gold, 11 meters at 11 g/t including 2 meters at 48 g/t grade of gold, and 7 meters at almost 17 g/t including 3.5 meters at 31 g/t grade of gold, the filing said.Results will be incorporated into the revised underground mineral resource and ore reserve estimates, expected to be released in the June quarter, per the filing.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AAPL announces CEO Tim Cook will step down September 1 after 15 years, with John Ternus (SVP Hardware Engineering) succeeding him, while Cook becomes Executive Chairman. Johny Srouji was promoted to Chief Hardware Officer, expanding his role beyond silicon to oversee all hardware engineering and technologies. We view this well-orchestrated succession as neutral to modestly positive despite being sooner than expected, addressing prior leadership continuity concerns while strategically pivoting from operational excellence to product-centric engineering leadership appropriate for AAPL's push into AI and foldables, among other categories. The four-month transition period with Cook's continued involvement as Executive Chairman mitigates execution risks (with Cook focusing on policy). Ternus brings 25 years of Apple experience, leading the Mac's Apple silicon transition and iPhone evolution. Srouji's elevation ensures continuity in Apple's silicon strategy, which has driven gross margins to the high-40% levels.
Rio Tinto Group (ASX:RIO) on Tuesday reported a 9% year-over-year increase in copper equivalent production in the first quarter, while global iron ore production jumped 12% to 82.8 million tonnes.The company said first-quarter iron ore production at its Pilbara operations rose 13% year over year to 78.8 million tonnes, and Pilbara iron ore sales ticked 2% higher to 72.4 million tonnes.Tropical cyclones impacted Pilbara shipments by about 8 million tonnes, with around half expected to be recovered, Rio Tinto said.The company maintained its 2026 Pilbara iron ore sales guidance at 323 million to 338 million tonnes. It also reaffirmed consolidated copper production guidance of 800,000 to 870,000 tonnes and the total iron sales outlook of 343 million to 366 million tonnes.