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Madrid to renew 294 Metro escalators
Madrid awarded a four-year, €16.4 million contract to renew 294 Metro escalators.
Source: Comunidad de Madrid
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Business news — Page 6
Companies, foreign trade, exports, employment and the business agenda. Source-linked developments around the world. Page 6.
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McFarlane Lake plans 50,000 metres of drilling at Juby gold project
The 12-to-15-month Phase 2 program in Ontario calls for three rigs to expand known resources and test new targets; the company says it is funded following a C$17.25 million September financing.
Source: McFarlane Lake Mining Incorporated (GlobeNewswire issuer release)
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Renforth reports nickel-cobalt mineralization below Quebec’s Victoria deposit
Three holes returned broad nickel-cobalt and zinc-copper-silver intervals; the company said the drilling tested continuation beneath the open-pit limit of its current resource estimate.
Source: Renforth Resources Inc. (GlobeNewswire issuer release)
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Saudi Arabia approves 19 hospitality projects worth SAR6.7bn
The first projects under a tourism investment programme are expected to add more than 3,000 hotel rooms and support over 17,000 jobs.
Source: Saudi Press Agency, reporting the Ministries of Tourism and Investment
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Saudi Arabia starts two-week programme to develop industrial ideas
The Industry and Mineral Resources Ministry and Imam Mohammad Ibn Saud Islamic University aim to turn ideas into industrial projects through market assessment and initial feasibility work.
Source: Saudi Press Agency
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Saudi road authority reports 86.2% completion of bridge-joint work across 22 projects
More than 6,500 metres of expansion-joint work is complete; the Roads General Authority targets year-end completion for remaining small mechanical joints.
Source: Saudi Press Agency / Roads General Authority
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Sharjah to build a digital service platform for more than 1,300 fishermen
The Sharjah Fish Resources Authority contracted Smart Galaxy Software Solutions to develop the Marsa platform, which is planned to provide 17 services.
Source: Emirates News Agency (WAM)
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Sun Summit reports preliminary gold recoveries from British Columbia project
Independent tests on Creek and Finn composite samples produced up to 99% gold extraction; the samples are indicative, not deposit-wide.
Source: Sun Summit Minerals Corp.
1 min readWith data
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Tenstorrent raises $1.5 billion at a $6.2 billion valuation
The Canadian AI-chip company says it will use the new funding to scale Galaxy servers and advance processor technology it licenses to customers.
Source: Tenstorrent
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Xanadu secures up to $10 million in additional DARPA programme support
The company says it has provisional approval for a one-year extension supporting photonic quantum-computing research and plans to direct most of the funding to R&D roadmap components.
Source: Xanadu
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Dubai board maker says annual capacity exceeds 450,000 units
SWS Board Technology received Dubai’s Dubai-it economy award; the announcement says its output is exported and includes recyclable-board programmes.
Source: Emirates News Agency (WAM)
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Inventus starts Phase 3 drilling at Pardo near Sudbury
The Ontario program plans about 6,000 metres across 155 holes and aims to expand the tested area from 1.2 to 3.55 square kilometres.
Source: Inventus Mining Corp. (GlobeNewswire issuer release)
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