Magna Mining Announces Closing of C$140 Million Strategic Investment by Alpayana

Magna Mining Inc. (TSX: NICU) announced a non-brokered private placement with Alpayana S.A.C. to buy 62,222,222 Magna shares at C$2.25 each for gross proceeds of about C$140 million. Alpayana is expected to hold ~19.9% at closing. Net proceeds will fund Sudbury-region development and general corporate/working capital, subject to TSX and other approvals.

Magna Mining reported Q1 2026 results for its McCreedy West mine in Sudbury, generating $6.0m cash margin and producing 4.1m CuEq payable lbs. The company processed 82,296 tons at 3.38% CuEq grade and expects 2026 output of 16–18m CuEq lbs. Q1 cash and equivalents were C$35.8m; working capital C$53.7m. It also received conditional TSX listing approval.

H.B. Fuller (FUL) priced an $850M private offering of 7.625% senior unsecured notes due 2034, issued at par. The company plans to use proceeds for general corporate purposes, according to the release.

SoftBank Group's founder, Masayoshi Son, is seeking up to $100 billion from Gulf investors for AI investments, according to the Financial Times. The funds will be used to acquire companies and enhance operations with AI, with SoftBank's robotics unit, Roze, playing a key role. This follows SoftBank's $65 billion investment in OpenAI and a recent $11 billion junk bond offering.

Zhibao Technology (ZBAO) shares rose 60.24% in after-hours trading after announcing a 1-for-50 reverse stock split, effective October 12. The split will combine 50 shares into one, increasing par value to $0.005. The company's market cap is $26.85 million, with a 52-week range of $0.06 to $1.34.

Coca-Cola (KO) is restarting the sale process for Costa Coffee after an earlier auction failed to meet its price expectations. The company acquired Costa in 2018 for $5.1 billion. Costa reported a £20 million operating profit in 2025, reversing prior losses. Coca-Cola's shares rose 2% on Thursday, while PepsiCo (PEP) reported mixed Q3 results.