Argo Graphene Solutions Corp. Grants Incentive Stock Options

Rio Tinto will invest $1.9 billion to develop the Kangwinan bauxite project in Queensland, Australia, boosting its Weipa Operations' annual capacity to 44 Mt by 2032. The project will replace the Andoom mine and compensate for the Gove mine's closure, supporting jobs and supply to customers. Early works began in 2025, with full production expected in 2032.

Meta Platforms (META) plans to issue non-voting Class C shares starting January 2027, through a two-for-one stock split. The move aims to raise capital for AI investments, pay staff, and cover acquisitions without diluting CEO Mark Zuckerberg's control. Meta anticipates $135B-$145B in capital expenditures for 2026, funded partly by the new shares. Q3 2026 revenue rose 26% to $64.6B, but capital investments were $35B, highlighting the need for additional financing.

GM terminated a supply agreement with VAC's $500M South Carolina rare-earth magnet plant, raising demand uncertainty. VAC seeks damages via arbitration. GM's EV business scaling back. Energy Fuels' $1.9B VAC acquisition may be affected.

Latham & Watkins advised Citi on a US$3.5 billion loan for Nebius Group (NBIS), supporting global expansion and data center development. Proceeds will fund infrastructure and GPU procurement. The legal team included partners Jennifer Engelhardt, Dan Maze, and Roberto Reyes Gaskin.

REalloys (NASDAQ: ALOY) has assembled a rare earth manufacturing process from feedstock to magnet production, aiming to reduce reliance on China. The company secured raw materials, built a metallization platform, and partnered for magnet manufacturing. It raised $100M to finance its operations, targeting commercial production by early 2027 to meet Pentagon demand for non-Chinese rare earth magnets.

Nebius Group N.V. (NBIS) secured a $3.5 billion loan from Citigroup, maturing in 364 days. The company's revenue chief noted rising AI computing prices and distinguished Nebius from CoreWeave Inc. (CRWV) regarding debt levels. The loan, priced at Term SOFR plus 2.75-3.5%, will fund data centers and GPUs, adding to existing convertible bonds. Nebius also began publishing live spot prices for GPU capacity, aiming to optimize long-term financing costs.