Hallowe’en is always a spooky season, between next week’s U.S. election, the spreading battles across the globe, and the cost of living … there is plenty to be scared about. Even so, your stock portfolio need not be one of those things.
Despite weakness over the past couple of days, the S&P/TSX Composite Index has shown a positive trend this week, moving above 24,500, marking a 0.42 per cent increase. This performance reflects a steady recovery and investor confidence in the Canadian market, driven by gains in various sectors including technology and industrials.
Aviation stock Bombardier (TSX:BBD, Forum) recently announced a significant milestone with the successful first flight of the PEGASUS aircraft from its Wichita, Kansas, facility. This aircraft, part of the Persistent German Airborne Surveillance System (PEGASUS) program, has been modified for the German armed forces. Named after the mythical horse with wings, PEGASUS is set to play a crucial role in signal surveillance missions.
The project, led by Hensoldt, integrates the advanced Kalætron Integral signal intelligence (SIGINT) system, designed for critical signal intelligence operations. The first flight marks the beginning of the next phase, moving closer to systems integration and certification under Lufthansa Technik Defense. This achievement was celebrated to highlight the collaborative efforts and technological advancements involved.
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Once initial testing is complete, each aircraft will be transferred to Lufthansa Technik Defense’s facilities in Hamburg, Germany, for further integration work. This development aims to enhance the capabilities of the German armed forces with cutting-edge tools for effective signal surveillance and intelligence gathering.
In the tech sector, Poet Technologies (TSXV:PTK, Forum), a designer and developer of the Poet Optical Interposer, Photonic Integrated Circuits (PICs), and light sources for data centres, telecommunications, and AI markets, has been named the winner of the “Best in Artificial Intelligence” category at the 2024 Global Tech Awards. This accolade is the third top prize the company has received in 2024, following recognition by the AI Breakthrough Awards for “Best Optical AI Solution” and the Gold Prize for “AI Innovator of the Year” from the Merit Awards.
Poet Technologies was chosen for its innovative approach to powering AI networks and hyperscale data centres. The company’s commitment to improving the performance and scalability of AI infrastructure sets it apart as a leader in the industry. The Global Tech Awards, founded in 2022, aim to recognize and celebrate excellence in technology, with judges from major enterprises such as Amazon, Microsoft and Oracle.
Junior venture mining partners American Creek Resources (TSXV:AMK, Forum) and Tudor Gold (TSXV:TUD, Forum) have provided an update on ongoing metallurgical testwork on the Goldstorm gold, copper, and silver deposit at the Treaty Creek Project in British Columbia’s Golden Triangle. Highlights from the testing on the Lower CS-600 Sub-Domain include:
- Flotation recoveries of up to 88.1 per cent copper, 63.8 per cent gold, and 51.3 per cent silver.
- Production of a high-grade copper concentrate exceeding 29 per cent copper, with significant gold and silver grades of 33 g/t and 96 g/t, respectively.
The flotation program uses a typical copper flowsheet to produce the saleable concentrate, with ongoing testwork to produce a separate pyrite concentrate containing gold and silver. These positive results, along with previous oxidative leaching methods, support high gold recoveries for the Lower CS-600 domain. The testing program is designed to support a future preliminary economic assessment.
The 300H and DS5 gold-dominant domains have shown high gold recoveries from previous tests, exceeding 94 per cent for the Albion process and 98 per cent for pressure oxidation tests. The goal for the Treaty Creek Deposit is to produce at least 500,000 AuEQ ounces per year, with ongoing tests to optimize the mineral processing for advancing the project.
Investors should keep a close eye on these developments and continue to follow news updates as part of their due diligence. Staying informed about market trends and company milestones is crucial for making well-informed investment decisions.
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(Top image: File)