Cyprium Metals (CYM:AU) has announced Capital Raise Presentation
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Uncle Herschel is returning to the Cracker Barrel chair.
After online outrage by conservatives who accused the country-themed restaurant chain of changing its values or going “woke” when it rolled out a new logo, the company said Tuesday that it was returning to its old branding.
‘We thank our guests for sharing your voices and love for Cracker Barrel. We said we would listen, and we have. Our new logo is going away and our ‘Old Timer’ will remain,’ Cracker Barrel said on Facebook.
‘At Cracker Barrel, it’s always been — and always will be — about serving up delicious food, warm welcomes, and the kind of country hospitality that feels like family,’ the company said. ‘As a proud American institution, our 70,000 hardworking employees look forward to welcoming you to our table soon.’
Cracker Barrel, which has restaurants in 43 states, on Aug. 18 announced its new ‘All the More’ campaign and logo change, which removed the old man perched on a chair and the barrel from Cracker Barrel signs.
The new logo did not go over well in some spheres, and on social media, conservative critics accused the restaurant chain of abandoning its traditional values or of being ‘woke.’
President Donald Trump weighed in on the matter earlier Tuesday, writing on his social media platform, Truth Social, that the company should return to the old logo.
After Cracker Barrel announced the reversal Tuesday, Trump said on the platform: ‘Congratulations ‘Cracker Barrel’ on changing your logo back to what it was. All of your fans very much appreciate it.’ Trump also wished the company good luck.
Taylor Budowich, a deputy White House chief of staff, claimed on X that he’d spoken with people at Cracker Barrel by phone Tuesday about the issue and said, ‘They thanked President Trump for weighing in on the issue of their iconic ‘original’ logo.’
Cracker Barrel did not immediately respond to a request for comment about a White House call.
Shares of Cracker Barrel jumped sharply Tuesday night after it announced the reversal. Since the debut of the new logo on Aug. 18, shares are down nearly 13%.
Cracker Barrel tried to tamp down the controversy Monday by admitting ‘we could’ve done a better job sharing who we are and who we’ll always be’ and issuing reassurances that its values had not changed.
The change was part of a “strategic transformation” that started in 2024 to revitalize the brand, CNBC reported when the new logo was introduced. The company has said that the initiative included ‘refreshing the brand identity’ and making changes to its menu.
Other companies have been met with right-wing outrage for advertising or other business decisions, including when Bud Light had a branded content partnership with transgender TikToker Dylan Mulvaney.
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Frontier Airlines is going after customers of Spirit Airlines, whose financial footing has gotten so shaky in recent weeks that it warned earlier this month it might not be able to survive another year without more cash.
Frontier on Tuesday announced 20 routes it plans to start this winter, many of them in major Spirit markets like its base at Fort Lauderdale International Airport in Florida. Frontier overlaps with Spirit on 35% of its capacity, more than any other airline, according to a Monday note from Deutsche Bank airline analyst Michael Linenberg.
Some of Frontier’s new routes from Fort Lauderdale include flights to Detroit, Houston, Chicago and Charlotte, North Carolina. It’s also rolling out routes from Houston to New Orleans; San Pedro Sula, Honduras; and Guatemala City.
Frontier had tried and failed to merge with its budget airline rival several times since 2022.
“I’m not here to talk about M&A,” Frontier CEO Barry Biffle said in an interview with CNBC on Tuesday when asked whether Frontier would buy Spirit. Biffle said he expects that Frontier would pick up the majority of Spirit’s market share if Spirit collapsed.
Both carriers have struggled from changing customer tastes for more upmarket seats and trips abroad, an oversupply of domestic capacity, and higher labor and other costs. Spirit’s situation has become more dire however, after it emerged from four months of bankruptcy protection in March facing many of the same problems.
Ultra-low-cost airlines are also challenged by larger rivals like United Airlines, American Airline and Delta Air Lines that have rolled out their own no-frills basic economy tickets but also offer customers bigger choices of destinations and other perks onboard like snacks and beverages.
Stock prices of rival airlines surged after Spirit’s warning earlier this month.
Biffle said the carrier wants to become the country’s largest budget airline and has rolled out loyalty matching programs to grab more customers. Frontier’s capacity was slightly smaller than Spirit’s in the second quarter, through the latter had slashed its flying by nearly 24% from a year earlier, while Frontier was down only 2%.
Spirit last week said it drew down the entire $275 million of its revolver and while it reached a two-year extension on its credit card processing agreement with U.S. Bank N.A., it agreed that it would hold back up to $3 million a day from the carrier.
The airline lost $245.8 million in the second quarter. Frontier lost $70 million.
Spirit has been looking for ways to slash costs, including furloughing and demoting hundreds more pilots and cutting unprofitable routes. Hundreds of flight attendants are on unpaid leaves of absence.
Spirit CEO Dave Davis said in an Aug. 12 staff memo after its “going concern” warning that “the team and I are confident that we can build a Spirit that will continue to provide consumers the unmatched value that they have come to expect for many years to come.”
The carrier reached a deal with bondholders who agreed to convert debt to equity in its Chapter 11 bankruptcy, but it didn’t cut other costs like renegotiating aircraft leases. Leasing firms have been reaching out to rivals in recent weeks to gauge whether competitors would take any of the Airbus planes that are in Spirit’s hands, according to people familiar with the matter, who asked to speak anonymously because the talks were private.
— CNBC’s Phil LeBeau contributed to this report.
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Shedeur Sanders will dress for Cleveland Browns games this season, but he won’t be the first man out on the field if anything happens to veteran starter Joe Flacco.
Browns head coach Kevin Stefanski announced Tuesday that third-round rookie Dillon Gabriel won the team’s backup quarterback job over Sanders, a fellow rookie and the team’s fifth-round pick earlier this year.
Tuesday’s announcement did not come as a complete surprise. Gabriel was the more consistent performer between the two rookies in his two preseason outings compared to Sanders’ play in his two appearances. With Cleveland’s trade of Kenny Pickett to the Las Vegas Raiders Monday, Gabriel seemed to be the obvious choice to take over as the Browns’ QB2.
Stefanski said Wednesday that Sanders will serve as the Browns’ emergency third quarterback to start the season. He will still dress for the team’s games despite being the third-stringer.
Here’s how the Browns’ quarterback depth chart shakes out after Tuesday’s news:
Browns QB depth chart
- Joe Flacco
- Dillon Gabriel
- Shedeur Sanders
- Deshaun Watson (injured)
Browns head coach Kevin Stefanski named Flacco, an 18-year veteran, the team’s Week 1 starter before Cleveland’s preseason finale against the Rams. Flacco is back in ‘The Land’ for a second stint after he joined the Browns late in the 2023 season and led them to a playoff appearance.
Gabriel and Sanders are the two rookies who battled for the Browns’ backup spot on the roster throughout training camp. Gabriel was a third-round pick in the 2025 NFL Draft, and Cleveland drafted Sanders two rounds later. Between the two, Gabriel had the more consistent performance in his two preseason outings.
Watson suffered a season-ending Achilles tear in Week 7 last year. In January, the Browns announced that the veteran underwent another surgery to repair the tendon after he had re-ruptured it during his recovery from the initial procedure.
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Colorado football coach Deion Sanders has named Liberty transfer Kaidon Salter as the team’s starting quarterback for the season opener Friday Aug. 29 against Georgia Tech.
After Sanders’ quarterback son Shedeur moved on to the NFL, the question was not just who would replace him at Colorado but how.
The obvious choice was Salter, who is a dual threat signal caller and led Liberty to a 13-1 season in 2023. He has one season of college eligibility left.
“He’s the guy at this point,” Sanders said at a news conference Tuesday.
The other top choice was Julian “JuJu” Lewis, a heralded freshman from Carrollton, Georgia. He’s only 17 year old and has four years of college playing time ahead of him, but there’s also the risk he could transfer out of Colorado if he doesn’t see playing time.
Might both of them share time at the position in the same game?
“We’re hoping that you see some JuJu periodically through the game as well,” Sanders said. “We would like get him some reps as well. But the game predicates that.”
Sanders said Salter’s “experience is vital.”
There was some mystery to the decision before Tuesday. Colorado offensive coordinator Pat Shurmur said Monday that Colorado coaches have discussed the quarterback situation “at great length behind the scenes.”
“We’ll just let it reveal itself, and if there are any announcements, that’s certainly something Coach Prime will handle.’
Shurmur also praised Salter.
“He’s obviously a tremendous athlete that if the situation presents itself, can do some good things with his legs,” he said. “So I’m looking forward to putting him out there to see what he can do.”
Sanders said Tuesday he’s known Salter’s family for more than 10 years and coached his younger brother Kylan in youth football near Dallas. Kylan Salter is a sophomore linebacker at Colorado. Both are from Cedar Hill, Texas. Kaidon Salter joined Liberty after being dismissed from the team at Tennessee.
‘I’ve been checking this kid out since high school,’ Sanders said of Kaidon Salter.
Sanders added that he didn’t need to have a big talk with JuJu Lewis to explain the situation.
‘He knows where we stand,’ Sanders said.
Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com
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- The Browns officially placed Watson on the PUP list on Tuesday, Aug. 26, because of an Achilles injury.
- Watson initially tore his Achilles on Oct. 20. He ruptured it again during the offseason.
- Watson is expected to miss a majority, if not all, of the 2025 season.
The Browns officially placed Watson on the PUP list on Tuesday, Aug. 26, because of an Achilles injury.
Watson initially tore his Achilles on Oct. 20. He ruptured it again during the offseason. He is expected to miss a majority, if not all, of the 2025 season.
Watson’s time in Cleveland has been a disappointment ever since the Browns traded for the quarterback and gave him a five-year, $230 million fully guaranteed contract in 2022.
In Watson’s three seasons as a Browns starter, his numbers are down in every major quarterback statistical category compared to his four-year stint with the Houston Texans. He’s registered a 9-10 record behind center in Cleveland.
Browns owner Jimmy Haslam called the Watson trade a ‘big swing-and-miss” at this year’s league annual meeting.
The Browns selected quarterbacks Dillon Gabriel and Shedeur Sanders in the 2025 NFL Draft. Both made Cleveland’s initial 53-man roster.
The Browns have announced veteran quarterback Joe Flacco as their Week 1 starter.
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Longtime NFL quarterback Jay Cutler will serve four days in jail in connection to an arrest last October in Williamson County, Tennessee.
Cutler agreed to plead guilty to driving under the influence. He was arrested at about 5 p.m. on Oct. 17, 2024, after investigators say he rear-ended a GMC while driving a white Dodge Ram pick-up truck.
Per an affidavit, Cutler reportedly offered the other driver $2,000 to not call the police.
‘During their conversation with Cutler, officers noticed a strong odor of alcohol,’ Franklin Police said in a statement. ‘Cutler was also slurring his words and had blood shot eyes.’
The weapons possession charge from the arrest was dropped as part of the guilty plea. The former Denver Broncos, Chicago Bears and Miami Dolphins quarterback will serve jail time, pay a $350 fine and forfeit a gun. His Tennessee license has also been revoked.
His jail time is set to begin on Sept. 29.
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The Cleveland Cavaliers, one of the heavy favorites in the Eastern Conference, will be without a key guard to start the 2025-26 NBA season.
The Cavaliers announced Tuesday, Aug. 26 that shooting guard Max Strus underwent surgery to repair a small fracture in his left foot that was the result of a recent offseason workout. He will miss three to four months.
The injury is a Jones fracture, which affects the fifth metatarsal, or a bone that connects the pinkie toe to the base of the foot.
The Cavaliers said that the surgery took place at Forté Sports Medicine and Orthopedics in Indianapolis.
With training camps set to open in late September, and with the Cavaliers playing their first game of the regular season Wednesday, Oct. 22, Strus is expected to miss at least the first month of the season.
Cleveland Cavaliers 2025-26 season outlook
Strus, 29, started 37 of the 50 games he played last season and averaged 9.4 points, 4.3 rebounds and 3.2 assists per game on 44.2% shooting from the floor and 38.6% shooting from beyond the arc.
Cleveland, which went 64-18 last year to claim the top seed in the East lost to the eventual conference champion Indiana Pacers in five games.
The Cavaliers are one of the deeper teams in the Eastern Conference, and last year’s mid-season trade acquisition, forward De’Andre Hunter, could fill in nicely for Strus.
In 27 games with Cleveland, Hunter averaged 14.3 points, 4.2 rebounds and 1.4 assists per game.
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Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) is pleased to announce that it has entered into a binding agreement to acquire 100% of the issued capital of NeoDys Limited (‘NeoDys’), a privately held critical minerals explorer with a dominant landholding in the Mount Isa region of northwest Queensland.
Key Highlights
– Binding agreement to acquire the largest prospective uranium and rare earth packages in Queensland, adjacent to Paladin Energy Limited’s (ASX:PDN) Valhalla uranium deposit and Red Metal Limited’s (ASX:RDM) Sybella rare earth discovery [1*]
– Early stage exploration supports three distinct, drill-ready exploration models, each amenable to low-cost shallow drilling:
o AEM geophysical survey previously reported identified extensive paleochannel network adjacent to the Sybella uranium ‘hot’ granite.
o Significant hard rock granite rare earth element potential, analogous to Red Metal’s Sybella discovery. Recent auger drill sampling returned numerous significant results including 5 m @ 1,951 ppm TREO with 578 ppm Nd+Pr oxide, incl. 3 m @ 705 ppm Nd+Pr oxide.
o District-scale sediment-hosted ionic clay rare earth potential with $150,000 Queensland Government funding in place to fastrack drilling. Soil sampling completed with numerous samped returning >600 ppm TREO with a maximum of 653 ppm TREO.
– Additional Valhalla-style uranium targets with multiple untested radiometric anomalies, in proximity to Valhalla, Skal and Odin deposits which host a combined 116 Mlbs U3O8 [2*]
– The Company has received firm commitments from institutional and sophisticated investors to raise $1.25 million at $0.025 per share, representing a 9% premium to 20 day VWAP.
– With the oversubscribed placement along with the Queensland grant, Basin Energy is fully funded to test these drill-ready high priority targets, enabling the Company to fast-track multiple uranium and rare earth drill programs.
– Detailed targeting and drill planning is underway with exploration planned to commence in Q4 2025 to test shallow, high priority targets via aircore and reverse circulation drilling.
Managing Director, Pete Moorhouse commented:
‘This acquisition propels Basin into Australia’s uranium and rare earth exploration landscape. These projects deliver exceptional geology, strategic scale and compelling upside across two of the most critical mineral sectors of the energy transition. With drill-ready targets and a low-cost structure, this portfolio is primed to deliver value for shareholders. Over the next 6 months, Basin Energy will be drilling the first holes on three district-scale opportunities for uranium and rare earth deposits in Northwest Queensland.
The Company is delighted with the strong interest in the capital raising. On behalf of the Board, I welcome our new shareholders, and thank existing shareholders for their continued support at an exciting time of development for the Company. We will be holding a webinar to walk through the projects on 28th August and encourage people to log in and learn more about this opportunity.’
Overview
This acquisition provides Basin with a commanding position over one of Australia’s emerging and underexplored provinces for uranium and rare earth elements (‘REE’), leveraging the recent Sybella rare earth discovery by Red Metal Limited (ASX:RDM) and the prospectivity of the adjacent Barkly Tableland.
Basin now holds 5,958 km2 of exploration tenure in the Mount Isa district of northwest Queensland. The projects provide compelling walk-up drill targets that can be rapidly and cost-effectively tested using air core and reverse circulation (RC) drilling. NeoDys have an existing Queensland Government Collaborative Exploration Initiative funding agreement for $150,000, available for Basin to support upcoming drilling programs.
The drill-ready, district scale targets include:
– Paleochannel roll front uranium (1*)
– Sediment and ionic clay hosted rare earth elements (2*)
– Hard rock, granite hosted rare earth elements (3*)
In addition to these three district-scale targets, the project area contains multiple shear-hosted Valhallastyle uranium targets defined for immediate assessment.
The primary model is based on mineralisation sourced from the various granites of the Sybella Batholith (‘the Sybella’), a large north-south trending igneous body containing zones enriched in rare earth elements. This includes the Red Metal (ASX:RDM) Sybella Discovery with a recent JORC inferred resource estimate of 4.795 Bt at 302 ppm NdPr, 28 ppm DyTb (200 ppm NdPr cut-off) or 209 Mt at 377 ppm NdPr, 34 ppm DyTb (360 ppm NdPr cut-off) [1*]. The Sybella granites are also uranium rich, potentially being the source of Paladin Energy’s (ASX:PDN) Valhalla deposits[2*] .
Terms of the Share Placement
The Company has received firm commitments to raise $1.25 million, by way of a two-tranche share placement (‘Placement’) of 50 million shares at an issue price of $0.025 per share. The Placement price represents the Company’s last market close price, and a 9.1% premium to the 20-day VWAP.
Tranche two will be subject to a general meeting, to be called shortly and expected in early October.
The offer was significantly oversubscribed, with proceeds to be allocated as follows:
– Air core drilling on the Barkly Tablelands uranium and REE targets
– RC drilling at the Newmans Bore granite-hosted REE target
– Mapping and sampling of the West Valhalla Radiometric targets
– General working capital.
The Placement was managed internally and was not subject to broker fees.
To view the full announcement, please visit:
https://abnnewswire.net/lnk/3833C16P
About Basin Energy Ltd:
Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.
Source:
Basin Energy Ltd
Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449
Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317
News Provided by ABN Newswire via QuoteMedia
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Basin Energy (BSN:AU) has announced Acquires Extensive Uranium and Rare Earth Portfolio
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