Fintech
Spooz Acquires Prime Niobium Mining Development Property
Clearwater, Florida–(Newsfile Corp. – October 28, 2021) – SPOOZ, INC. (OTC Pink: SPZI) (“Spooz” or the “Company”) is pleased to announce that the Company has acquired a significant, highly sought after, and widely used, rare-earth mining project, fee simple absolute, located on forested land in Ontario, Canada.
Niobium, named after a Greek goddess who became a symbol mother, is a rare earth mineral widely used in industry. Niobium is the 41st element listed on the Periodic Table. Historically, niobium is used in the production of high-temperature resistant alloys and special stainless steels, as well as high strength low alloy carbon steels. Its uses include sophisticated applications in the construction, automotive, aerospace, shipbuilding and oil and gas industries, such as the construction of bridges, steel structures for buildings and pipelines.
Niobium is also used in superconducting magnets such as those used to propel trains powered by magnetic levitation (maglev), hospital magnetic resonance imaging (MRI) scanners, and even the Large Hadron Collider at CERN in Geneva. Niobium is increasingly used in mobile phone circuitry and as an additive to the glass used in camera and spectacle lenses. It is completely inert inside the human body, making it a key ingredient in hypo-allergenic jewelry and heart pacemakers.
This acquisition aligns well with the “Green Energy” oriented Spooz business plan, including, most significantly, the niobium used in steel for automobile production increases gas mileage. Niobium alloyed steel is used in wind turbines. However, the Company are also pursuing the futures market for niobium is a more immediate revenue source, which will also significantly impact the environment and green energy. New uses for niobium are emerging in product applications for lithium-ion batteries (LIBs), computers, solar panels, smart windows and more. It also aligns well with Spooz’s technology.
According to Business Insider, “Investor interest in rare earth elements (REE) has exploded as of late, and for good reason. China controls up to 97% of the world supply of REEs, which are essential for use in modern technology. Prices are soaring as China slashes export quotas and shows a willingness to use these materials as a political tool. Alarmed governments throughout the world are increasingly concerned about securing more reliable sources of critical materials for strategic and security purposes. But there are other rare minerals, outside of REEs, which are also crucial to economic and national security. Niobium, for example, is among the most critical, but has received little publicity.”
According to BusinessWire, the niobium market size was estimated at 11,434.31 metric tons in 2018 and is expected to grow to 25,878 metric tons by 2027, a CAGR (Compounded Annual Growth Rate) of 9.5% for the forecast period. As of this writing, niobium (99.8% pure) as quoted by Argus Metals International (Rotterdam) is priced at approximately $69 per kilogram, or $31.36 per pound.
This niobium mining project will be placed in a wholly-owned subsidiary of the Company. Presently the project’s management is assembling a highly experienced hands-on mining executive team to manage the everyday aspects of the project and will begin the necessary planning, metallurgic and geological work necessary to complete a Pre-feasibility study on the project as soon as the necessary capital has been secured. The Company expects to announce more details on staffing and financing in the coming weeks.
The combination of all the historical work available on this project in the past as well as the proven mining expertise the Company is assembling and the necessary capital will allow this project to move forward and build value quickly. The previous feasibility study and the niobium processing design and pilot plant gives us a strong belief that this project can provide great value to shareholders and this acquisition requires no additional dilution of its common stock.
About Spooz, Inc.
The Spooz objective is to employ its developing technology to enhance the acquisition of significant commodity assets, entities that produce commodities, and vertical service providers that support producers. Spooz will utilize its developing technology to manage commodity assets through electronic access to the exchanges upon which actual, or highly correlated commodity futures contracts, are listed and traded. Spooz’s technology provides automated algorithmic trading which management believes has the capacity to generate significant, reliable and sustainable revenue streams in other commercial sectors.
Contact Information
Contact: Paul Strickland
Telephone: 312-402-7737
Website: www.spooz.com (under construction)
Twitter: twitter.com/spoozinc
Facebook: facebook.com/spoozinc (new)
Email: [email protected]
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties, many of which are outside Spooz’s control. These include but are not limited to the impact of competitors’ products, services and pricing; product demand; market acceptance; new product development; reliance on key strategic alliances; the regulatory environment; fluctuations in operating results; and other risks which are detailed from time to time in the Company’s filings with the Securities and Exchange Commission and/or OTC Markets. Spooz, its former Officers and Directors disclaim any obligation to update or alter its forward-looking statements whether as a result of new information, subsequent events or otherwise.
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
-
Fintech6 days agoFintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
-
Fintech PR5 days agoAccording to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
-
Fintech7 days agoSPAYZ.io prepares for iFX EXPO Dubai 2025
-
Fintech7 days agoAirtm Enhances Its Board of Directors with Two Strategic Appointments
-
Fintech PR5 days agoPresident Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
-
Fintech PR2 days agoGCL Energy Technology and Ant Digital Technologies Launch First Blockchain-Based RWA Project in Photovoltaic Industry
-
Fintech PR5 days agoStay Cyber Safe This Holiday Season: Heimdal’s Checklist for Business Security
-
Fintech PR5 days agoMedicilon Appoints Dr. Lilly Xu as Chief Technology Officer