EMX Overview

Merger Completion: Elemental Altus Royalties and EMX Royalty have successfully completed their merger following shareholder and court approvals.

Name Change and Trading: Elemental Altus will rebrand as Elemental Royalty Corporation and is set to begin trading under the new ticker symbols on November 14.

Leadership Appointments: The company has appointed David Cole as CEO, Frederick Bell as President and COO, and Stefan Wenger as CFO.

Future Listings: Elemental Royalty Corporation has filed for a listing of its common shares on the Nasdaq Stock Market.

Launch of USA₮: Tether has introduced USA₮, a U.S.-regulated stablecoin compliant with the GENIUS Act, appointing Bo Hines as CEO of the new entity, with Anchorage Digital as the issuer and Cantor Fitzgerald as reserve custodian.

Expansion into Gold Investments: Tether is also expanding its gold investment strategy, having invested significantly in Canadian gold royalty firm Elemental Altus Royalties Corp, while generating substantial profits from U.S. Treasuries, positioning itself as a major holder in that market.

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Merger Announcement: EMX Royalty is set to merge with Elemental Altus Royalties, forming a new entity named Elemental Royalty, which is projected to generate combined revenues of US$70M in 2025.

Shareholder Consideration: EMX shareholders will receive either 0.2822 or 2.822 shares of Elemental Altus for each EMX share, depending on the timing of the consolidation, while Tether Investments will purchase 75M shares of Elemental Altus for US$100M.

EpicQuest Education Group Performance: EpicQuest Education Group International Ltd (EEIQ) saw a significant rise in shares, climbing 81.5% to $0.98 after reporting first-half fiscal results with revenues of $5.37 million, a 29.1% increase from the previous year.

Other Notable Gainers: Several other stocks experienced notable pre-market gains, including Cycurion Inc (CYCU) up 66.8%, Azitra Inc (AZTR) up 44%, and Educational Development Corp (EDUC) up 16.3%.

Stocks Declining in Pre-Market: Conversely, Aptorum Group Limited (APM) fell 38.1%, Aethlon Medical, Inc. (AEMD) dropped 17.8%, and OceanPal Inc. (OP) declined 16.3% in pre-market trading.

Market Overview: The overall market showed mixed results with various companies experiencing fluctuations in stock prices following recent announcements and earnings reports.

U.S. Stock Futures: U.S. stock futures rose this morning, with Dow futures increasing by approximately 100 points on Friday.

Intuit Inc Performance: Intuit Inc's shares fell 5.5% in pre-market trading despite reporting fourth-quarter revenue of $3.83 billion and adjusted earnings of $2.75 per share, both exceeding analyst expectations.

Future Revenue Projections: The company anticipates fiscal year 2026 revenue between $21 billion to $21.19 billion, significantly higher than the estimated $18.75 billion, along with expected adjusted earnings surpassing estimates.

Other Stocks Declining: Several other stocks also saw declines in pre-market trading, including ETHZilla Corporation down 12.3%, Blaize Holdings down 8.2%, and Workday Inc down 4.1% following its second-quarter results announcement.