PRE-OPEN
Canadian futures are slightly higher after oil prices tumbled more than 2% on hopes for diplomatic progress between the US and Iran, while investors awaited remarks from the Bank of Canada governor.
Canada
A global diesel shortage fueled by wars in Iran and Ukraine is unlikely to ease before next year, according to storage market indicators and industry participants, extending a spike in fuel costs that is weighing on economies worldwide.
The leaders of France and Canada on Sunday pledged closer ties to grapple with rising geopolitical tensions, climate change and the erosion of democratic values, after they met in the French territory of Saint-Pierre and Miquelon off Canada's Atlantic coast.
Adyton Resources Corporation (TSXV: ADY) (OTCQB: ADYRF) (FSE: 701)announce that, following its admission to the Official List of PNGX Markets Limited ("PNGX") on September 17, 2026, its common shares will commence trading on the Papua New Guinea National Stock Exchange at 10:00 a.m. (Papua New Guinea time) on Wednesday, September 23, 2026 under the trading code ADY.
Adyton's project portfolio is entirely located in Papua New Guinea and comprises its 100%-owned Feni Island gold-copper Project in New Ireland Province and the Wapolu and Gameta gold projects on Fergusson Island in Milne Bay Province, which are being advanced through the Company's joint venture with East Vision Investment Holdings ("EVIH").
Strengthening Adyton's Commitment to Papua New Guinea
Adyton Managing Director, Tim Crossley, commented:
"The commencement of trading on PNGX is an important milestone for Adyton and reinforces our long-term commitment to Papua New Guinea. All of Adyton's mineral projects are located in Papua New Guinea, and we believe Papua New Guineans should have a simple and accessible pathway to participate as equity holders of the Company and share in the potential value created as we advance these projects.
Our PNGX listing strengthens Adyton's connection to the country in which we operate and provides an important platform for greater local participation in our future. As we continue to advance Feni, Wapolu and Gameta, we are committed to building a sustainable, long-term business in Papua New Guinea and ensuring that our growth is accompanied by meaningful engagement with Papua New Guinean investors, communities and stakeholders. We look forward to welcoming Papua New Guinean investors as shareholders of Adyton."
David Lawrence, Chairman of PNGX, commented:
"Adyton's listing on PNGX will provide local investors with a new and accessible opportunity to invest in the development of Papua New Guinea's natural resources industry. The national benefits extend beyond investment access. A local listing gives Papua New Guineans a greater opportunity to participate in the potential value created from the country's resources, broadens and deepens the domestic capital market, and increases the visibility and accountability of companies operating here.
Adyton joins a growing group of companies recognising that a meaningful presence in Papua New Guinea's national market can strengthen their connection with local investors, communities, government and institutions and demonstrate a long-term commitment to the country.”
Alpha Exploration Ltd. (TSXV: ALEX) announce a first batch of results from its ongoing exploration drilling programme at the Aburna Gold Project. Core drill hole ABD029 has successfully intersected 12 metres grading 2.09 g/t gold within 31 metres grading 1.12 g/t gold which, coupled with other geological information and interpretation, advances this former exploration target to key prospect status. In addition, initial exploration drilling results at the EER and SW targets have returned multiple gold intercepts, demonstrating the potential to expand the Hill 52 prospect gold mineralization.
These new results relate to a total of 2,144.50 metres ("m"), including both core and reverse-circulation ("RC") drilling, from the early testing of four of seven new gold targets within the highly prospective Aburna corridor. In this gold corridor, Alpha has already discovered the Hill 52, Central and Northeast prospects, which host numerous shallow, high-grade gold intercepts.
The Aburna Gold Project is located within Alpha's 100% owned, 514 km² Kerkasha Project located in Eritrea. To date, only approximately 20 percent of the Aburna corridor, as defined by gold-in-soil anomalies, reconnaissance rotary air blast ("RAB") drilling in areas of immature, transported soil, and permissive geology and structure, has been tested by significant drilling. This fact linked with these new results emphasises the under-explored and prospective nature of this area. Alpha is also exploring the large target footprint Anagulu Copper-Gold Porphyry Project some 7 kilometres ("km") south of Aburna, with these projects being two of three significant discoveries made by the Alpha team on the Kerkasha licence.
John Wilton, CEO of Alpha, stated:"We are very excited by this batch of drilling results as they relate to new gold targets within the greater Aburna corridor, a tract of highly prospective terrain measuring at least 7 x 2 km in size. The results from ABD029, 12 m grading 2.09 g/t gold within 31 m grading 1.12 g/t gold at approximately 60 m below surface, are particularly compelling. When these results are integrated with surface mapping, gold-in-soil sampling results and updated geological interpretation, they advance the former Obok exploration target to key prospect status. Our Alpha field team is testing extensions to the Obok prospect with shallow RAB drilling in areas of transported soil cover to the southwest and northeast of the robust gold-in-soil anomaly originally targeted. The results from the Obok target clearly demonstrate the under-explored nature and potential for other gold discoveries within the greater Aburna corridor that already hosts four significant prospects.
Additionally, the RC drilling results from both the EER and SW gold-in-soil and RAB targets have returned multiple intercepts, including ABR202: 6 m grading 2.81 g/t gold, ABR208: 13 m grading 0.79 g/t gold, ABR197: 6 m grading 0.53 g/t gold and ABR198: 4 m grading 0.92 g/t gold, all within 80 m of surface. These EER and SW target results indicate the potential to expand the Hill 52 prospect mineralization to the north and along trend to the southwest.
Alpha is pleased to be delivering on our goals, as set out in our news release of July 15, 2026 at the start of this Aburna exploration programme, by returning positive drill results at new targets in the greater Aburna corridor as well as expanding the scale potential of the existing Hill 52 prospect mineralized footprint. Alpha expects to release further batches of results in the coming weeks and months as they are received from the laboratory.”
Arras Minerals Corp. (TSXV: ARK) (OTCQB: ARRKF) announce results from its top-of-bedrock ("KGK") drilling program across the Berezski Trend at the Elemes Project in northeastern Kazakhstan. The new results materially expand the geochemical footprint of the Berezski mineralizing system and define two large, untested target corridors extending approximately 2.5 kilometres north from the Berezski Central and approximately 3.5 kilometres north from the Berezski East deposits. The Company is also pleased to announce the appointment of Dr. Farhad Bouzari as Principal Geoscientist.
Tim Barry, CEO of Arras Minerals, commented, "These KGK results significantly increase the scale of the Berezski system as we currently understand it. Most importantly, the gold geochemistry outlines two large undrilled corridors extending approximately 2.5 kilometres north of Berezski Central and approximately 3.5 kilometres north of Berezski East. Both corridors are closely associated with prominent magnetic lows that we interpret to represent hydrothermal alteration. The geometry of these anomalies provides compelling evidence of a continuation of the mineralizing trend already demonstrated by drilling at Berezski Central, Berezski East and Berezski North."
Mr. Barry continued, "KGK samples only the uppermost bedrock beneath the shallow cover. In this weathered environment, copper responses can be subdued where copper has been leached from the near-surface part of the system, whereas gold can remain as a more persistent indicator of the underlying mineralizing system. This makes the strong gold response, particularly where it coincides with magnetic lows, an important exploration vector at Elemes. Despite the subdued near-surface copper response, values remain locally elevated above 500 ppm and in places approach 1% Cu, supporting the interpretation that copper-bearing mineralization continues within these largely untested trends.”
Prismo Metals Inc. (CSE: PRIZ) (OTC: PMOMF) the completion of its 2026 surface reconnaissance program at the Silver King project in the Pioneer Mining District near Superior, Arizona. Carried out in stages since April and previously reported in part (see news releases dated May 12 and July 15, 2026), the program combined district-scale alteration mapping, 90 rock-chip samples, induced polarization geophysics and the results of Phase 1 drilling into a single geological model.
Alain Lambert, President and Chief Executive Officer, commented: “We began this program with a drill intercept and a hypothesis. We end it with a mapped alteration system more than two kilometres across, zoned in the pattern that develops above porphyry copper deposits, and sitting 3.4 kilometres from Resolution.”
He added: “What I find most compelling is not any single result but the convergence: the mapping, the surface geochemistry, the induced polarization response and the deep intercept in SK-26-07 are all pointing in the same direction. The surface expression is muted, which tells us the target is deep — and depth is precisely why this ground has been overlooked for a century and a half. Our task now is to further refine the geometry of the system before selecting drill sites, and that is what the green-rock mineral chemistry work with Dr. Wilkinson and a deeper-penetrating geophysical survey are designed to deliver.”
Canadian Copper Inc. (CSE: CCI) provides an update from its ongoing 2026 diamond drilling program that commenced in July this year at its 100%-owned Murray Brook project. The 3,500 meter drilling program is designed to test for new extensions of the currently outlined Murray Brook deposit resource in the Bathurst Mining Camp of New Brunswick. Near surface, sulphide mineralization can potentially improve early mine life economics and may extend the currently defined 13+ year mine life.
Current Drilling Extends Sulphide System West
Recent drilling on the western margin of the Murray Brook deposit has intersected broad sulphide-bearing zones in all five consecutive drill holes, MB26-06 to MB26-10, extending the known sulphide system 25 meters west of the current deposit footprint. The broad envelopes are characterized by disseminated, banded, and stringer sulphides surrounding massive and semi-massive sulphide zones. Chalcopyrite was locally observed in all five holes, with sphalerite observed in selected intervals
Capital Power Corp. (TSX: CPX)Meta's plan to build a C$13 billion data center in Alberta has boosted the Canadian province's appeal for hyperscalers, who see it as a vote of confidence in the government's AI strategy, the CEO of Capital Power said. Capital Power is in talks with several proponents to supply electricity to potential projects, said Avik Dey, CEO of the Edmonton-based company in an interview on Friday. He declined to name the companies, but said he does not think Meta will be the only US hyperscaler to build a large-scale data center in Alberta. “Meta is the first to cross the line, but I think multiple hyperscalers have been evaluating Alberta for, I would say, the last 18 months," Dey said. "I do feel strongly that we've got the potential to be a multi-gigawatt market." Meta partnered with Pembina Pipeline to build a natural gas-fired electricity-generating station to power its first Canadian data center. Until that project comes online in 2030, Capital Power will provide 250 megawatts of electricity to the site.
Delta Resources Limited (TSXV: DLTA)(OTCQB: DTARF) (FSE: 6GO1)report initial channel-sampling results that extend known gold mineralization at the I-Zone by more than 400 metres eastward at its Delta-1 Gold Project, approximately 50 kilometres west of Thunder Bay, Ontario. Results include 4.85 g/t Au over 8.0 metres in trench D1-26-TR17 and 2.91 g/t Au over 8.3 metres and 4.23 g/t Au over 4.3 metres in trench D1-26-TR20 (Table 1).
The I-Zone remains open along strike in both directions and is largely untested at depth.
Ron Kopas, Chief Executive Officer (CEO) of Delta, commented:
"Our summer exploration program has demonstrated significant eastward continuity over 400 metres that had not previously been established. Our first phase of drilling in the I-Zone Sector will now test the mineralized system along strike and at depth, where we see strong potential for high-grade mineralization.
Our thesis at the Delta-1 Property continues to strengthen as we are only beginning to understand the scale and potential of this system. As we apply a more systematic exploration approach, we believe we will continue to identify highly prospective targets anchored by the Eureka discovery."
First Phosphate Corp. (NASDAQ: PHOS) (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0) announce that the Company's Bégin-Lamarche Igneous Phosphate Deposit has been subject of a peer-reviewed study in Ore Geology Reviews (published on ScienceDirect), a premier scientific journal focusing on ore genesis and exploration.
The study highlights how economic, phosphate-rich layers in the Bégin-Lamarche deposit were formed. Results indicate these layers are low in chlorine and other trace elements making them suitable as a potential high-purity source of phosphate for production of purified phosphoric acid ("PPA"), a critical precursor in the manufacture of lithium iron phosphate ("LFP") battery cathode active material.
The full peer-reviewed publication is accessible via ScienceDirect at:
The research, authored by scientists from Queen's University and Université du Québec à Chicoutimi (UQAC), focuses on the geological characterization of the Mountain, North and South Zones of the Company's Bégin-Lamarche igneous phosphate deposit, part of the 1.14 Ga Lac-Saint-Jean Anorthositic ("LSJA") Suite - the largest anorthosite complex in the world.
Through detailed mineralogical, petrological and geochemical analysis, the study further reinforces the strategic importance of Québec igneous phosphate as a secure North American feedstock source capable of supporting First Phosphate's vertical integration strategy along the LFP battery supply chain.
Galleon Gold Corp. (TSXV: GGO) (OTCQX: GGOXF) (FSE: 3H90) announce that it has commenced underground development at its 100%-owned West Cache Gold Project (the "Project" or "West Cache") in Timmins, Ontario, a key milestone in the Company's disciplined, phased strategy to de-risk West Cache and advance its planned 86,500-tonne bulk sample.
The box cut and portal ground support are complete, and ramp development has commenced. Underground development is now advancing toward the first of four planned bulk sample stopes in Zone #9, where recent drilling has confirmed grade continuity below the planned extraction areas.
"West Cache has moved from permitting to surface construction to underground development inside a single year, and every step has been delivered on plan," said David Russell, Chairman and CEO of Galleon Gold. "Our objective remains clear: to develop the Project, extract the 86,500-tonne bulk sample, and gather the engineering, geological, and operational information required to support future mine development. Doing that safely, and with our community partners alongside us, is how we intend to build this mine."
Galleon Gold will provide further updates as development advances, including ramping, the start of stope extraction and the processing arrangements for the 86,500-tonne bulk sample. Safety, environmental stewardship and operational excellence remain the Company's first priorities on site.
Inflection Resources Ltd. (CSE: AUCU) (OTCQB: AUCUF) (FSE: 5VJ) announce the addition of the Fortitude Project, a district-scale portfolio of 100%-owned, royalty-free exploration licences covering approximately 2,660 square kilometres in South Australia's Gawler Craton (Figure 1). The portfolio includes seven high-priority, undrilled targets, six prospective for concealed iron oxide copper-gold ("IOCG") and iron sulphide copper-gold ("ISCG") systems, plus one separate gold target.
Alistair Waddell, President and CEO of Inflection Resources, states: "The Fortitude Project marks Inflection's entry into South Australia and adds a large, 100%-owned copper-gold search space to our existing portfolio in New South Wales and the Northern Territory. Across approximately 2,660 square kilometres, we have identified seven undrilled targets within the broader Olympic IOCG Province, where major copper-gold deposits demonstrate the scale of mineral systems that can occur beneath cover. Importantly, these targets were generated using an integrated mineral-systems approach rather than selecting isolated geophysical anomalies. Our next step is to systematically refine and rank the targets with geophysics and 3D modelling before advancing the strongest opportunities toward drilling.”
Miata Metals Corp. (TSXV: MMET; FSE: 8NQ; OTCQX: MMETF) announce metallurgical test results for samples collected from the Jons Trend corridor within the Company’s Sela Creek Gold Project in Suriname (“Sela Creek” or the “Project”).
Testing of four composite samples from drill core returned gold recoveries ranging from 91.8% to 98.5%, averaging 94.6%. The Company also announces that its sample preparation laboratory at the Sela Creek exploration camp is now operating and is ramping up to prepare all samples within the next month. Furthermore, founding director James Reid will assume the role of Executive Chair, effective October 1, 2026.
Dr. Jacob (Jaap) Verbaas, CEO of Miata, comments:
“These initial positive metallurgical results are highly encouraging for our main discovery zone Jons Trend. Recoveries averaging 94.6% and reaching up to 98.5% from four drill core composites using a proven, reliable and conventional approach to gold extraction, is a significant de-risking of the Sela Creek project. As drilling continues to expand Jons Trend, we continue to increase our understanding of the mineralization and how to ultimately recover the gold.
“We are also pleased to appoint James Reid as Executive Chair. James has helped guide Miata from its founding through the acquisition of our Suriname assets and the financings that have supported our progress. His expanded role strengthens our ability to align corporate strategy and capital allocation with the opportunities emerging at Sela Creek.”
Mr. James Reid, incoming Executive Chair of Miata, comments:
“I am excited to take on an expanded role as Miata enters its next stage of growth,” said Mr. Reid. “We have built a strong foundation at Sela Creek, and I look forward to working alongside Jaap, the Board and our team to build on that momentum and pursue opportunities that create long-term value for shareholders.”
naia Relief Inc. (TSXV: NAIA)announce the launch of naia, its 24/7, 365-day mind mentor and well-being and performance platform, through a strategic partnership with Felix Global, a leading global talent and organizational solutions provider.
The partnership represents an important milestone in naia Relief Inc.'s global commercialization strategy, providing organizations with access to scalable, personalized and accessible support designed to strengthen employee well-being, resilience and performance.
Felix Global has advised some of North America's largest organizations for more than 35 years, from multinational banks, insurers, manufacturers, technology providers, and pharmaceutical companies to the private equity firms and mid-market companies that drive much of the continent's economy. The firm has served hundreds of clients, with many relationships spanning decades, coast to coast across the United States and Canada, and internationally. Its senior consulting team is drawn from some of the world's largest consulting and professional services firms, supported by a broad network of executive coaches, search professionals, and specialists. Through the partnership, organizations can access naia alongside that expertise in strengthening workplace culture, supporting their people, and building more resilient, higher-performing organizations.
"Felix has spent its entire history helping organizations get the most from their people, and naia is one of the more exciting additions to that work I've seen in a long time," said Jim Graham, Founder & Executive Chair of Felix Global. "It brings well-being and performance together in one place, on a foundation of validated science, and every employee can use it, from the front line to the executive team. Our partnership with naia Relief Inc. gives organizations a practical way to expand access to personalized support, while giving leaders anonymized insights into what their workforce needs.”
Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) announce that it has commenced its 2026 exploration drilling program (the "2026 TM Program") at Treasure Mountain. Treasure Mountain is a permitted silver mine located approximately 30 km northeast of Hope, British Columbia, and roughly a three-hour drive from Vancouver. The mine was placed on care and maintenance in 2013 during a period of depressed silver prices. Notwithstanding the suspension of mining operations, Treasure Mountain has remained a core asset within Nicola's portfolio, with the Company maintaining the project in anticipation of a more constructive silver-price environment and an appropriate opportunity to advance systematic exploration.
The 2026 TM Program includes diamond drilling at the MB target area, a previously undrilled zone approximately 1 km northwest of the historical Treasure Mountain silver mine. The Company considers the MB target area a compelling exploration target for high-grade silver-lead-zinc mineralization similar to that encountered at the historical mine, with the additional presence of copper and gold. From 2019 to 2022, Nicola carried out soil and surface rock sampling that returned encouraging results indicating silver-lead-zinc-copper-gold mineralization along a vein system exposed at several locations along strike.
CEO COMMENT
Peter Espig, Chief Executive Officer of Nicola Mining, commented: "Treasure Mountain has remained a vital component of Nicola's asset portfolio throughout a prolonged period in which silver-market conditions did not justify aggressive capital deployment. Commencing drilling at the MB Zone marks a deliberate transition from asset preservation to value-oriented exploration. We are particularly encouraged by the intensity of mineralization observed in the first drill core; however, our interpretation will remain disciplined, and assay driven. The 2026 TM Program was designed to test whether mineralized surface veins demonstrate continuity and scale at depth. Positive analytical results would materially enhance our geological understanding of the MB Zone and help define the next phase of exploration at Treasure Mountain."
Spanish Mountain Gold Ltd. (TSXV: SPA; FSE: S3Y; OTCQB: SPAUF) announce the results of a Preliminary Economic Assessment and Mineral Resource Estimate Update (the "PEA", or “PEA Update”, “MRE” on the Spanish Mountain Gold Project (the “Project”) located within the Cariboo Gold Corridor, British Columbia, Canada. The PEA Update is a conceptual study showing improved potential economic viability of the Main Deposit. The PEA will be published in an independent National Instrument ("NI") 43-101 Technical Report within 45 days of this news release and filed on SEDAR+. Once filed on SEDAR+, the PEA will supersede the Company’s existing technical report on the Project. The PEA Update study was commissioned by the Company and prepared by consultants led by BBA Engineering Ltd. ("BBA"). The PEA envisions a conventional open pit mining and milling operation with a projected 25.8-year life of mine ("LOM") producing 3.33 million ounces ("Moz") of payable gold, with a front-weighted production profile and attractive economics. View source version on businesswire.com: https://www.businesswire.com/news/home/20260921080389/en/
World Markets
Euro STOXX 50 futures were up 34 points at 6,284, FTSE futures added 29 points to 10,742, German DAX futures gained 122 points to 25,599, by 0430 GMT.
Share markets edged higher in Asia as AI's insatiable demand for data buoyed chipmakers.
Oil prices slid to their lowest in more than a week on hopes diplomacy in the Iran war will get a chance this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen's Houthis.
Wall Street closed a volatile week on a muted note on Friday as benchmark US Treasury yields topped 5%, while crude prices reversed earlier gains but remained above $100 per barrel, keeping inflation worries front and center.
Currency markets focused on the yen following a sharp drop last week that spurred speculation of a rate check from Tokyo, while investors pondered interest-rate outlooks after a wave of hikes from major central banks last week. The dollar index was steady after gaining more than 1% last week following the Fed's rate hike.
US Treasury yields were higher on Friday, with two-year yields hitting their highest since July 2024, as investors evaluated the outlook for interest rates following the Federal Reserve's first rate hike in three years this week.
Gold prices were slightly lower as market participants assessed developments in the Middle East and their implications for inflation and interest rates.
S&P 500 Index Mini Futures: 7,744.25; up 0.41%; 31.75 points DJIA Mini Futures: 52,265.00; up 0.36%; 186 points MSCI Asia, Ex-JP: 889.78; up 1.06%; 9.35 points EUR/USD: $1.1476; down 0.07%; 0.0008 point GBP/USD: $1.3379; down 0.12%; 0.0016 point USD/JPY: 156.99 yen; up 0.06%; 0.10 point Spot Gold: $4,362.58; down 0.33%; $14.33 U.S. Crude: $98.18; down 2.11%; $2.12 Brent Crude: $101.71; down 2.08%; $2.16 10-Yr U.S. Treasury Yield: 5.0002%; up 0.004 point 10-Yr Bund Yield: 3.5190%; down 0.0027 point
US
Futures are moving higher, supported by AI stocks, as a 2% drop in oil prices pulled Treasury yields lower on signs that the US and Iran were open to a resolution in the ongoing conflict.
Trump has taken a less combative approach than usual ahead of his meeting with Chinese President Xi Jinping this week — a sign of Beijing's growing power thanks to critical minerals, China experts said.
Alphabet Inc: The lead European Union data privacy regulator for most of the biggest internet companies fined Alphabet's Google search engine €403 million following an inquiry into its processing of location data, Ireland's Data Protection Commission (DPC) said. The DPC opened the inquiry in 2020 following complaints from several European consumer rights organisations regarding Google's processing of location data in connection with certain services and products. "As a result of Google's failures, individuals could have been unaware that their location was being used to, for example, influence them with ads or to infer their interests, and could lose control over their personal data," DPC Deputy Commissioner Graham Doyle said in a statement. It was the fourth largest fine levied by the Irish watchdog, which is the lead EU regulator for most of the top U.S. internet firms due to the location of their EU operations in Ireland.
Morgan Stanley: Morgan Stanley Investment Management's (MSIM's) climate-focused private equity strategy has led a $56.22 million Series E funding round in Amber Electric to finance its expansion across Europe, the US company said. Amber has more than a 50% share in Australia's battery automation market. The technology automates home batteries - charging them when power is cheap and discharging or exporting power when prices rise. The company recently partnered with E.ON, Europe's biggest energy grid operator, which also participated in the latest funding round. "The financing will help address rising demand for solutions that enable consumers, utilities and power systems to better manage distributed energy resources and integrate renewable energy at scale," MSIM said.
MP Materials Corp: State-owned China Rare Earth Group is in talks to acquire Shenghe Resources, said two sources with knowledge of the matter, a move that would consolidate Beijing's control over the sector and give the firm a stake in one of Washington's rare earth plays. If successful, the deal would hand over control of Shenghe's stakes in foreign firms, including a 3% share of US rare earths company MP Materials, which counts the US Department of Defense as its largest shareholder after an investment last year. Shenghe Resources said it was aware of "false" reports in overseas media regarding a certain rare earth enterprise group's alleged plan to acquire a controlling stake in the company and indirectly hold interests in the company's overseas assets. Talks between the two companies have been underway since earlier this year, said the sources, who spoke on condition of anonymity given the sensitivity of the matter. China Rare Earth Group wants to take a controlling stake, one of the people said.
Salesforce Inc: Brazilian carbon removal startup Mombak said it secured the first close of its second reforestation fund and signed a new carbon credit purchase agreement with Salesforce, while betting demand will expand beyond the technology companies that helped build the market. The company said its Amazon Reforestation Fund II aims to raise $150 million to finance restoration projects in the Brazilian Amazon and will have access to a $38.88 million credit line from Brazil's Climate Fund, operated by state development bank BNDES. The company also announced a multiyear carbon removal offtake agreement with Salesforce, adding the software firm to a buyer roster that already includes Google, Microsoft and McLaren Racing.
ECONOMIC DATA 0830 National Activity Index for Aug: Prior -0.08
Europe / Asia
In the four months since the leaders of the two global superpowers last met, Xi Jinping has overseen a surge in China's trade with the world while Trump has struggled with falling approval ratings at home.
The far-right Alternative for Germany (AfD) took first place in state elections in northeastern Germany on Sunday, voting projections showed, delivering the worst result for Chancellor Friedrich Merz's mainstream conservative party since 1949.
Iran and the United States exchanged new threats on Sunday, with President Donald Trump warning Iran would fail economically or face its leadership being wiped out if it didn't make a deal, and the Iranian military saying it would retaliate harshly to any fresh attack.
Volvo Cars said on Sunday that Klaus Zellmer would become its president and chief executive officer within a year as it seeks to revive sales in an increasingly competitive market.
UBS Chief Executive Sergio Ermotti warned lawmakers against imposing excessively strict capital requirements on the Swiss bank in an interview published on Sunday, days before a key parliamentary vote.
Societe Generale lifted a key performance target out to 2029 and said it would trim costs further under a new strategic plan unveiled that forms the next phase of CEO Slawomir Krupa's effort to drive a turnaround of the French lender.
