NewGen Announces Proposed Reverse Merger with SAXA, Inc. in a $5 Billion Mining Asset Acquisition Deal, Involving Gold, Silver, and Rare Earth - NewGenIvf Group (NASDAQ:NIVF)

NewGenIvf Group (NIVF) said it agreed to buy an additional 3% equity stake in K25.ai for $250 million, raising its total ownership to 13%. The deal is expected to issue about 2.5 million Class A ordinary shares. NIVF was indicated at $1.07 in pre-market, down 4.46% on Nasdaq.

WIA Gold said it signed indicative terms with Sprott Resource Lending to arrange $360m in construction debt for its Kokoseb gold project in Namibia, plus Sprott’s planned $15m purchase of WIA scrip in a future equity raise, subject to due diligence. WIA reported a definitive feasibility study forecasting 150,000 oz/y, 1.84m oz over 14 years, with $475m total capex and a 29% higher resource to 3.78m oz, using a $3,600/oz gold price.

Boeing said the U.S. Air Force awarded a $75 million undefinitized contract action to start initial production of the BSU-111/B payload delivery unit for the JDAM LR (GBU-75). Boeing said initial deliveries will go to the U.S. Navy. The BSU-111/B adds a wing-and-engine kit to extend range beyond 300 nautical miles, according to Boeing.

Taylor Farms is recalling about 20 fresh jalapeno-containing products, including dips, sandwiches, guacamole and sliced jalapenos, across 26 US states after a salmonella outbreak. The company said it has not identified illnesses linked to the products, but traced the source to a grower in Sinaloa, Mexico, and is switching suppliers. Retailers include Walmart, Target and Whole Foods.

The Pentagon is pressing weapons makers to accelerate production after U.S. missile shortages tied to the Iran war. CSIS analysis says Patriot interceptor stocks fell from about 2,330 to 759-827, and THAAD from about 452 to 234-278. Reuters reports the Army used “virtually all” ATACMS and PrSM. The Pentagon is awarding contracts with Lockheed Martin and Northrop Grumman.

Baker Hughes said it won a contract from Searah North Ganal Ltd., a JV of Eni and PETRONAS, to supply subsea production systems and digital technologies for Indonesia’s Kutei Northern Hub gas project. It will provide 17 deepwater horizontal subsea trees plus manifolds, controls and distribution equipment, and use its Cordant monitoring platform. The hub targets LNG and gas output from Geng North and Gehem fields.