Zelestra Plans to Invest $1 Billion in Renewable Energy in Peru
The company is planning investments of more than $1 billion, with a view of increasing its renewable output in the Andean nation to about 1 gigawatt. Spending would boost solar capacity and may include an incursion into wind.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
CleanTech Acquires Rights to El Triunfo Gold-Antimony Project in Bolivia from Silver Elephant
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant") and CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) (FSE: C9R) ("CleanTech") are pleased to announce that, further to their joint press release dated April 8, 2025, they have closed the Transaction (as defined below) whereby CleanTech was assigned an option to purchase the El Triunfo Gold and Antimony Project (the "Triunfo Project") located in the Bolivian department of La Paz, about 75km to the east of Bolivia's capital city of La Paz and spans an area of approximately 256 hectares. On April 8, 2025, Silver Elephant and CleanTech entered into an option assignment agreement pursuant to which Silver Elephant assigned its rights in and to an option agreement dated July 10, 2020, pursuant to which, Silver Elephant has the right, through a wholly owned subsidiary of Silver Elephant, to acquire 100% of the equity interests in the capital of Mururata S.R.L., a commercial society existing pursuant to the laws of Bolivia that owns certain Bolivian mining rights that comprise the Triunfo Project, to CleanTech in consideration for the payment of CAD 155,000 in cash (the "Transaction"). Oracle Commodity Holding Corp. ("Oracle") is a control person of CleanTech, holding 42,799,502 common shares of CleanTech. Silver Elephant is a control person of Oracle, holding 28,793,110 common shares of Oracle. As such, CleanTech and Silver Elephant are related parties to each other within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). CleanTech will rely on the exemptions from the formal valuation and minority approval requirements of MI 61-10 (and Policy 5.9 of the TSX Venture Exchange) as the fair market value of the consideration paid for the Transaction does not exceed 25% of CleanTech's market capitalization (using a listed share price of $0.045 as of market close on August 5, 2025, and an listed share out of 143,376,716, the market capitalization of CleanTech on August 5, 2025, is approximately $6,451,952). About Silver Elephant Mining Corp. Silver Elephant is a mineral exploration company with precious metal projects in Bolivia. Further information on Silver Elephant can be found at About CleanTech Vanadium Mining Corp. CleanTech is an exploration-stage mining company focused on critical mineral resources in the USA. CleanTech owns a 100% interest in the Gibellini Vanadium Mine Project in Nevada and an option to acquire a 100% interest in the Campbell Crotser Fluorspar Project in Kentucky. Further information on CleanTech can be found at SILVER ELEPHANT MINING CORP. ON BEHALF OF THE BOARD "John Lee"CEO and Executive Chairman For more information about Silver Elephant, please contact Investor Relations: Phone: 1.604.569.3661 ext. 101info@ CLEANTECH VANADIUM MINING CORP. ON BEHALF OF THE BOARD "Masateru Igata"Director For more information about CleanTech, please contact: Phone: 1.877.664.2535info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements and Cautionary Disclaimers References to $ herein refer to the lawful currency of Canada. This news release is not an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and United States securities laws. Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to the Transaction. Except for statements of historical fact relating to each of Silver Elephant and CleanTech, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Although each of Silver Elephant and CleanTech has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Neither Silver Elephant nor CleanTech undertakes any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Further, each of Silver Elephant and CleanTech may make changes to its business plans that could affect results. To view the source version of this press release, please visit
Yahoo
15 minutes ago
- Yahoo
First Eagle Investment's Strategic Moves: Spotlight on Becton Dickinson & Co
Analyzing the Latest 13F Filing for Q2 2025 First Eagle Investment (Trades, Portfolio) recently submitted its 13F filing for the second quarter of 2025, offering a glimpse into its strategic investment decisions. Established in 1864, First Eagle is a renowned independent investment management firm known for its value-oriented approach. The firm emphasizes long-term performance over short-term market fluctuations, employing rigorous bottom-up fundamental analysis to mitigate risk. First Eagle's strategy involves on-site research and direct engagement with company management to gain comprehensive insights into investment opportunities. The firm focuses on acquiring securities with intrinsic value and long-term potential that outweigh market risks. Warning! GuruFocus has detected 6 Warning Sign with META. Summary of New Buy First Eagle Investment (Trades, Portfolio) added a total of 19 stocks, among them: The most significant addition was Ferguson Enterprises Inc (NYSE:FERG), with 600,000 shares, accounting for 0.26% of the portfolio and a total value of $130.65 million. The second largest addition to the portfolio was Ciena Corp (NYSE:CIEN), consisting of 118,349 shares, representing approximately 0.02% of the portfolio, with a total value of $9,625,330. The third largest addition was FormFactor Inc (NASDAQ:FORM), with 281,444 shares, accounting for 0.02% of the portfolio and a total value of $9,684,490. Key Position Increases First Eagle Investment (Trades, Portfolio) also increased stakes in a total of 153 stocks, among them: The most notable increase was Becton Dickinson & Co (NYSE:BDX), with an additional 3,268,478 shares, bringing the total to 8,786,190 shares. This adjustment represents a significant 59.24% increase in share count, a 1.1% impact on the current portfolio, with a total value of $1,513,421,270. The second largest increase was ONEOK Inc (NYSE:OKE), with an additional 3,545,256 shares, bringing the total to 6,256,173. This adjustment represents a significant 130.78% increase in share count, with a total value of $510,691,400. Summary of Sold Out First Eagle Investment (Trades, Portfolio) completely exited 38 holdings in the second quarter of 2025, as detailed below: Brown & Brown Inc (NYSE:BRO): First Eagle Investment (Trades, Portfolio) sold all 1,921,699 shares, resulting in a -0.5% impact on the portfolio. Invesco Senior Loan ETF (BKLN): First Eagle Investment (Trades, Portfolio) liquidated all 433,094 shares, causing a -0.02% impact on the portfolio. Key Position Reduces First Eagle Investment (Trades, Portfolio) also reduced positions in 202 stocks. The most significant changes include: Reduced Philip Morris International Inc (NYSE:PM) by 1,852,263 shares, resulting in a -20.62% decrease in shares and a -0.61% impact on the portfolio. The stock traded at an average price of $171.52 during the quarter and has returned -3.46% over the past 3 months and 40.87% year-to-date. Reduced Berkshire Hathaway Inc (NYSE:BRK.A) by 263 shares, resulting in a -28.84% reduction in shares and a -0.44% impact on the portfolio. The stock traded at an average price of $762,376 during the quarter and has returned -8.41% over the past 3 months and 3.31% year-to-date. Portfolio Overview At the end of the second quarter of 2025, First Eagle Investment (Trades, Portfolio)'s portfolio included 392 stocks. The top holdings included 4.83% in Meta Platforms Inc (NASDAQ:META), 4.79% in Oracle Corp (NYSE:ORCL), 3.2% in Imperial Oil Ltd (IMO), 3.19% in Wheaton Precious Metals Corp (NYSE:WPM), and 3.17% in HCA Healthcare Inc (NYSE:HCA). The holdings are mainly concentrated in all 11 industries: Basic Materials, Healthcare, Technology, Communication Services, Consumer Defensive, Energy, Financial Services, Industrials, Real Estate, Consumer Cyclical, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
Apple announces additional $100 billion in US investment, following Trump iPhone tariff threat
Apple (AAPL) announced plans to invest an additional $100 billion in US manufacturing commitments ahead of a press conference scheduled with President Trump at the White House Wednesday. The move follows Apple's prior $500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas. Apple says that the $100 billion announcement includes its new American Manufacturing Program (AMP), which the company says will incentivize global companies to build critical components in the US. The tech giant says its first AMP partners will include Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor, and Broadcom. As part of the investment, Apple is making a $2.5 billion commitment to produce all of the cover glass for its iPhones and Apple Watches at Corning's Harrodsburg, Kentucky, manufacturing facility. The two companies will also work to open an Apple-Corning Innovation Center at the plant to help develop and engineer materials and next-generation manufacturing platforms for future Apple products. Apple also says it has entered into a multi-year agreement with Coherent to produce lasers for its Face ID feature for the iPhone and iPad. The company is also touting what is says is a end-to-end American silicon supply chain, which includes sourcing silicon wafers from GlobalWafers in Sherman, Texas, for use in American chip factories, working with Applied Materials to increase production of semiconductor manufacturing technologies, and getting semiconductors from Texas Instruments. Apple is further teaming up with Samsung to work on new chip making technologies at its plant in Austin, Texas, as well as with GlobalFoundries and Amkor for bring more chip manufacturing and packaging to the US, respectively. Apple's news comes after the Trump administration began pressuring the tech giant to manufacture its iPhone in the US, going so far as to threaten to impose a 25% tariff on the devices if the company didn't comply. Apple's announcement also comes as the company prepares for a new 25% tariff on goods destined for the US from India. That's in addition to an existing 25% levy Trump previously said he would apply to the country's products. Apple builds the majority of the iPhones headed to the US in India, after diversifying its supply chain beyond China following the COVID-19 pandemic. The company still produces iPhones for the rest of the world in China. Trump has repeatedly criticized Apple for building its iPhones abroad, with the administration saying the company should instead bring its manufacturing facilities to the US. In May, Trump said he "had a little problem with Tim Cook," while discussing the company's decision to build US iPhones in India. But industry experts say doing so would be a Herculean task even for Apple, due to a lack of available skilled workers and limited supply chain resources in the country. Even if those factors weren't an issue, it would take years to complete construction of an iPhone plant, at which point Trump would no longer be in office. During its most recent quarterly earnings report, Apple said it took an $800 million hit due to existing tariffs and anticipated an additional $1.1 billion in related costs in its current quarter. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley.
