admin

In Latest News

Rep. Tony Gonzales announces he will not seek re-election amid House Ethics investigation into affair

March 6, 2026 No Comments

Rep. Tony Gonzales, R-Texas, announced Thursday evening he will not seek re-election amid a House Ethics investigation into an affair he admitted to having with a former staffer.

Gonzales, a married father of 6, admitted to the affair for the first time on Wednesday – a day after advancing to the GOP primary runoff for his congressional district.

‘At 18, I swore an oath to defend our nation against all enemies, foreign and domestic. During my 20 years in the military and three terms in Congress, I have fought for that cause with absolute dedication to the country that I love,’ Gonzales said in a statement.

‘From overcoming the border crisis to taking a stand with my communities after the worst school shooting in Texas’ history, my philosophy has never changed: do as much as you can, and always fight for the greater good,’ he continued.

‘After deep reflection and with the support of my loving family, I have decided not to seek re-election while serving out the rest of this Congress with the same commitment I’ve always had to my district,’ he added. ‘Through the rest of my term, I will continue fighting for my constituents, for whom I am eternally grateful.

Gonzales confessed to the affair during an appearance on a conservative talk radio show one day after advancing to a runoff election in his congressional district’s GOP primary.

The House Ethics Committee also launched an investigation into Gonzales on Wednesday to determine if he engaged in sexual misconduct with a female member of his staff and whether he doled out special favors or privileges as a result.

This post appeared first on FOX NEWS

In Latest News

DOJ continues Biden autopen probe despite former president unlikely to face charges

March 6, 2026 No Comments

The Department of Justice (DOJ) is continuing its investigation into former President Joe Biden’s use of an autopen in the final months of his administration — focusing on pardons and commutations — though a senior official said Biden is unlikely to face criminal exposure.

A senior DOJ official told Fox News the autopen investigation is ongoing and not closed, adding investigators are reviewing clemency actions taken in the final months of the Biden administration.

The official also pointed out, however, that the use of an autopen by a sitting president is ‘established law.’

The issue under review is whether the autopen was used in violation of the law, specifically, whether Biden personally approved each name included on pardon and commutation lists.

‘These types of cases are tough. Executive privilege issues come into play,’ the official said.

What is also clear, the official indicated, is that the target of any potential prosecution would not likely be Biden.

‘It’s hard to imagine how [Biden] could be criminally liable for pardon power,’ the senior DOJ official said.

The official noted that one reason the former president would be unlikely to face charges stems from a 2024 Supreme Court ruling that originally involved current President Donald Trump but would also apply to Biden.

‘We conclude that under our constitutional structure of separated powers, the nature of Presidential power requires that a former President have some immunity from criminal prosecution for official acts during his tenure in office,’ the Supreme Court ruled in Trump v. United States in 2024.

‘At least with respect to the President’s exercise of his core constitutional powers, this immunity must be absolute.’

Sources familiar with the matter told Fox News Digital that U.S. Attorney Jeanine Pirro’s team continues to review the Biden White House’s reliance on an autopen, contradicting a recent New York Times report that indicated the investigation had been paused.

Trump has pushed for consequences over the autopen controversy, alleging on social media that aides acted unlawfully in its use and raising the prospect of perjury charges against Biden.

Biden has rejected those claims, saying in a statement last year he personally directed the decisions in question.

‘Let me be clear: I made the decisions during my presidency,’ Biden said. ‘I made the decisions about the pardons, executive orders, legislation and proclamations. Any suggestion that I didn’t is ridiculous and false.’

The House Oversight Committee has homed in on Biden’s clemency actions, including five controversial pardons for family members in the final days of his presidency, citing what it described as a lack of ‘contemporaneous documentation’ confirming that Biden directly ordered the pardons.

The committee asked the DOJ to investigate ‘all of former President Biden’s executive actions, particularly clemency actions, to assess whether legal action must be taken to void any action that the former president did not, in fact, take himself.’

Fox News Digital’s Ashley Oliver contributed to this report.

This post appeared first on FOX NEWS

In Investing

Prismo Metals Closes Strategic Transaction with Blade Resources

March 6, 2026 No Comments

(TheNewswire)

Provides Drilling Update at Silver King

Vancouver, British Columbia, March 5th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce the closing of its previously announced transaction with Blade Resources Inc. (‘Blade’) pursuant to which Prismo has assigned all of its rights, interests and obligations in the Hot Breccia copper project, located in the heart of the Arizona copper belt (the ‘Transaction’), to Blade.

Alain Lambert, CEO of Prismo, commented: ‘In our opinion, Hot Breccia is one of the most compelling copper exploration opportunities in North America. We remain committed to advancing it toward drilling. The principals and financial backers of Blade have a long history and strong track record in raising significant capital for exploration programs of the scale required at Hot Breccia. We expect this will result in Hot Breccia being drilled this year.’

For additional commentary on the Transaction, please watch the interview Alain Lambert gave to Radius Research:

Drilling Update at Silver King

Dr. Craig Gibson, Chief Exploration Officer of Prismo provided an update on the current drill program at the Company’s Silver King project located in Arizona: ‘The first drill hole at Silver King, SK-26-01 was drilled vertically and was successful in traversing the mineralized body as projected from the historic workings and reached a total depth of 477 feet (145 meters). Two small voids that are likely underground workings were intersected near the elevation of the 114′ level and quartz veining extended from this level for about 100 feet down hole. Visible sulfide minerals are present in several intervals and the presence of silver minerals, including native silver, was confirmed through visual identification and with a handheld XRF analyzer. Freibergite (Ag bearing tetrahedrite), stromeyerite (AgCuS) and probably acanthite (AgS) are also present. The second hole, SK-26-02 is currently at a depth of 155 feet.’

Phase 1 Drill Program Highlights:

1,000 meters of diamond drilling to test the upper portion of the steeply plunging, pipe-like Silver King mineralized body
Fully funded program
Additional drilling to test lower down in the mineralized structure and mineralized areas adjacent to the historic mine may also be completed

Click Image To View Full Size

Fig. 1. Permitted drill sites planned for initial Phase I drilling at the Silver King mine shown by white dots. The orange line indicates the approximate location of the cross section in Fig. 2. View looking south-easterly.

Drilling is currently focused on testing the upper portion of the steeply west-dipping pipelike stockwork and breccia zone that historically produced high-grade silver and base metals (Fig. 2), as well as targets adjacent to and beneath historic workings. Initial drilling is estimated at 1,000 meters in nine holes. A second phase of drilling will be dedicated to testing at deeper levels and areas adjacent to the historic mine. The silver mineralization at Silver King is similar to that of portions of the nearby Magma Mine, and exploration for nearby copper mineralization is warranted.

The Magma Mine and Silver King Mine share a common regional geological framework in the Superior Mining District, characterized by a Precambrian to Paleozoic stratigraphic sequence including Pinal Schist basement, diabase sills, the Apache Group sediments, and Paleozoic limestones like the Martin Formation, all tilted eastward and intruded by Laramide-age igneous bodies such as quartz diorite stocks and andesite sills. While both exhibit fault-controlled mineralization—east-trending faults and veins with hydrothermal alteration like silicification and potassic zoning—Silver King features epithermal-mesothermal silver-dominant veins in porphyry with minerals like stromeyerite, tetrahedrite, and acanthite, contrasting Magma’s mesothermal copper-focused veins and limestone replacement ores (mantos) rich in chalcopyrite and bornite. This vertical zoning suggests Silver King’s shallower silver-enriched system may transition into deeper copper styles like Magma’s, with overlapping sulfides indicating potential for untapped polymetallic extensions, especially given Magma’s link to the underlying Resolution Copper porphyry deposit.

Fig. 2. Cross section through Silver King mine showing workings and first four planned drill holes.

Click Image To View Full Size

Chief Exploration Officer Dr. Craig Gibson supervising drilling at Silver King

Click Image To View Full Size

Core logging at Silver King, hole SK-26-01

Additional Information on the Transaction

In consideration for the Transaction, Prismo was issued 6,755,000 common shares of Blade and received a cash payment of $185,000. Following completion of the Transaction, Prismo owns approximately 24% of Blade’s issued and outstanding shares and is Blade’s largest single shareholder (see additional early warning disclosure below).

Strategic Rationale of the Transaction

The Transaction provides several strategic benefits:

Value Creation: Prismo is leveraging its investments in Hot Breccia into a significant stake in a company dedicated to advancing the Hot Breccia project.
Access to Capital with Limited Dilution: The structure provides enhanced access to capital for the Hot Breccia drill program through Blade, without direct dilution to Prismo shareholders.
Strategic Focus: Prismo will focus on advancing its remaining Arizona projects — Silver King and Ripsey Gold — while Blade dedicates its efforts to advancing Hot Breccia.
Enhanced Attractiveness to Strategic Partners: With the potential for 100% ownership of Hot Breccia, Blade will be in a better position to possibly attract majors or strategic buyers.

Additional Prismo Rights under the Transaction

Under the terms of the Transaction:

Prismo has the right to nominate one representative to Blade’s board of directors. The Company has not yet determined its initial nominee.
Blade has granted Prismo participation rights in future equity offerings, allowing Prismo to subscribe for shares on substantially the same terms as other investors in order to maintain its undiluted ownership percentage in Blade.

Early Warning Disclosure

This news release is issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Prior to the Transaction, Prismo did not own any common shares of Blade. The common shares of Blade were acquired by Prismo for a total consideration of $2,364,250 and were acquired for investment purposes with a view to Blade’s potential listing on a Canadian stock exchange.

Except as described in this news release, Prismo has no present plans or intentions that relate to or would result in any of the matters enumerated in paragraphs (a) through (k) of Item 5 of Form 62-103F1.

Prismo will file an early warning report in accordance with applicable securities laws, which will be available under Blade’s profile on SEDAR+ at www.sedarplus.ca . A copy of the early warning report may be obtained by contacting Gordon Aldcorn at the contact details below.

Qualified Person

Dr. Craig Gibson, PhD., CPG., a Qualified Person as defined by NI-43-01 regulations and Chief Exploration Officer and a director of the Company, has reviewed and approved the technical disclosures in this news release.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF, OTCQB: PMOMF) is a mining exploration company focused on advancing its Silver King, Ripsey and Hot Breccia projects in Arizona and its Palos Verdes silver project in Mexico.

About Blade Resources Inc.

Blade Resources is a private mining exploration company focused on development of North American copper and precious metals projects.

Please follow @PrismoMetals on , , , Instagram, and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6 Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information relates to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends’ or ‘anticipates‘, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could’, ‘should’, ‘would’ or ‘occur’. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the anticipated closing and closing date of the Transaction; the strategic rationale and potential upside of the transaction with Blade, the future development of the Hot Breccia project and Blade’s ability of Blade to successfully implement its strategic and business objectives, including potentially attracting majors or strategic buyers; and the ability of Prismo to fund its exploration activities on its other projects.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: that the Transaction may not close as anticipated, or at all; delays incurred by Blade in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the inability of Blade to successfully acquire a 100% interest on the Hot Breccia project; delays incurred by the Company in obtaining or failure to obtain appropriate funding to finance exploration programs for its other projects; the risk that mineralization will not be as anticipated at the Hot Breccia project or at the Company’s other projects; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund exploration programs at Hot Breccia or on the Company’s other projects, and the timing of such exploration programs; the ability of Blade to complete the option to acquire a 100% interest in the Hot Breccia project and to successfully carry out its business and strategic objectives following completion of the transaction; and that the Hot Breccia project and the Company’s other projects will have the anticipated mineralization and other qualities.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

In Latest News

Hegseth blasts Brits, says Iran’s chaotic retaliation has driven its own allies ‘into the American orbit’

March 6, 2026 No Comments

War Secretary Pete Hegseth said Wednesday that Iran’s decision to strike neighboring countries has backfired strategically, driving Gulf states that had hoped to stay out of the conflict ‘into the American orbit’ as the U.S. prepares to dramatically increase firepower over Tehran.

‘What Iran is doing by targeting allied countries that would otherwise want to stay out of this, they’ve actually pulled them into the American orbit,’ Hegseth said during a briefing at U.S. Central Command headquarters in Tampa, Florida.

He cited the United Arab Emirates, Qatar, Bahrain, Saudi Arabia and Kuwait as countries now offering expanded cooperation, arguing that Tehran’s retaliatory campaign has strengthened regional alignment with Washington rather than weakened it.

U.S. military officials say Iran has launched strikes against a growing number of countries in the region since the conflict began, with CENTCOM Commander Adm. Brad Cooper noting Tehran has targeted at least a dozen nations.

Rather than isolating the United States, Hegseth suggested Iran’s actions are consolidating support for the campaign.

‘The amount of firepower over Iran and over Tehran is about to surge dramatically,’ he said, pointing to additional base access and increased bomber operations.

Hegseth also addressed allied base access, including the United Kingdom’s initial hesitation to grant U.S. forces early access to strategic facilities. He said the issue has since been resolved and that British-controlled bases are now part of the expanding U.S. air campaign.

‘It was unfortunate that … the Brits didn’t, from day one say, ‘Hey, go ahead and have access,’’ he said. ‘But we got there, we got there. And that’s now part of the way that we’re operationalizing bomber runs. … The amount of firepower over Iran and over Tehran is about to surge dramatically, and part of it is that we’re going to have even more basing.’

Gulf and Arab governments have publicly condemned Iranian missile and drone strikes on their territories as violations of sovereignty and threats to regional security, while stopping short of criticizing U.S. military action.

Saudi Arabia, Qatar, Bahrain, Kuwait, the United Arab Emirates and Jordan issued a joint statement strongly condemning Iran’s ‘indiscriminate and reckless’ missile and drone attacks against sovereign territory in the region, reaffirming their right to self-defense.

Regional leaders have framed Iran’s actions as dangerous escalations rather than legitimate retaliation, underscoring a rare moment of unified public opposition among Gulf Cooperation Council members.

Beyond the Gulf, Azerbaijan has also protested what it says were Iranian drone strikes on its Nakhchivan exclave, which injured civilians and damaged the international airport. Baku summoned Tehran’s ambassador and said it reserved the right to take retaliatory measures in defense of its territory, even as Tehran denied responsibility for the incident.

Some regional analysts say Iran appears to have miscalculated by striking at U.S. assets in third-party nations.

‘It was absolutely inevitable that the Iranians would seek to lash out, to widen the conflict … but all they’ve really done is made everybody quite mad, and that was a really bad calculation on their part,’ said Danielle Pletka, a senior fellow at the American Enterprise Institute.

Peter Doran, a senior fellow at the Foundation for Defense of Democracies, noted the shift in regional alignment.

‘It would have been unbelievable just one year ago to see Saudi Arabia and the Gulf states lining up with the United States and Israel against the Islamic Republic,’ he said.

Hegseth dismissed suggestions that the war is spiraling outward, arguing that Iran’s actions are instead clarifying the battlefield and strengthening U.S. partnerships.

‘This idea that it’s expanding or going — no,’ he said. ‘It’s actually simplifying in a number of ways exactly what we need to achieve and how we’ll achieve it.’

Pentagon officials say U.S. bombers have struck nearly 200 targets in the past 72 hours, destroyed more than 30 Iranian naval vessels and significantly reduced missile and drone attacks since the opening days of the operation.

Officials maintain that the campaign’s objectives remain limited to degrading Iran’s ability to threaten Americans and its neighbors, even as the president has suggested he needs to have a say in who becomes Iran’s next leader.

‘I think the president’s having a heck of a say in who runs Iran, given the ongoing operation we have,’ Hegseth said.

This post appeared first on FOX NEWS

In Latest News

US restores diplomatic relations with Venezuela amid push for democratic transition

March 6, 2026 No Comments

The United States and Venezuela’s interim authorities have agreed to re-establish diplomatic and consular relations, according to a State Department media note issued Thursday.

‘The United States and Venezuela’s interim authorities have agreed to re-establish diplomatic and consular relations,’ the State Department said in a statement released March 5.

The State Department said the agreement is intended to ‘facilitate our joint efforts to promote stability, support economic recovery, and advance political reconciliation in Venezuela.’

‘Our engagement is focused on helping the Venezuelan people move forward through a phased process that creates the conditions for a peaceful transition to a democratically elected government,’ the statement said.

The announcement confirms the restoration of diplomatic and consular relations between the two governments. The State Department did not specify when embassy operations or visa services could resume.

The statement also did not address potential sanctions changes, outline migration or security cooperation measures, or provide additional details about diplomatic engagement moving forward.

The announcement comes after months of U.S. engagement in Venezuela.

U.S. Interior Secretary Doug Burgum traveled to Caracas on March 4 and held meetings with Venezuela’s interim President Delcy Rodríguez during a two-day visit, U.S. and Venezuelan officials said.

Burgum discussed opportunities related to mining and critical minerals supply chains and said the Venezuelan interim government had offered security assurances for foreign mining companies seeking to invest in the country.

U.S. forces captured former Venezuelan President Nicolás Maduro on Jan. 3 in Caracas. Maduro and his wife, Cilia Flores, pleaded not guilty two days later in federal court in New York to charges including narco-terrorism conspiracy, cocaine importation conspiracy and weapons-related offenses.

Diplomatic and consular relations typically involve government-to-government engagement as well as the operation of embassies and consulates that facilitate visas, citizen services and diplomatic coordination.

‘The United States remains committed to supporting the Venezuelan people and working with partners across the region to advance stability and prosperity,’ the statement said.

The White House did not immediately respond to Fox News Digital’s request for comment.

Fox News Digital’s Michael Sinkewicz and Greg Norman-Diamond contributed to this reporting.

This post appeared first on FOX NEWS

In Latest News

DOJ continues Biden autopen probe despite former president being unlikely to face charges

March 6, 2026 No Comments

The Department of Justice (DOJ) is continuing its investigation into former President Joe Biden’s use of an autopen in the final months of his administration — focusing on pardons and commutations — though a senior official said Biden himself is unlikely to face criminal exposure.

A senior DOJ official told Fox News that the autopen investigation is ongoing and not closed, adding that investigators are reviewing clemency actions taken in the final months of the Biden administration.

The official also pointed out, however, that the use of an autopen by a sitting president is ‘established law.’

The issue under review is whether the autopen was used in violation of the law — specifically, whether Biden personally approved each name included on pardon and commutation lists.

‘These types of cases are tough, executive privilege issues come into play,’ the official said.

What is also clear, the official indicated, is that the target of any potential prosecution would not likely be Biden.

‘It’s hard to imagine how [Biden] could be criminally liable for pardon power,’ the senior DOJ official said.

The official noted that one reason the former president would be unlikely to face charges stems from a 2024 Supreme Court ruling that originally involved President Donald Trump, the current sitting president, but would also apply to Biden.

‘We conclude that under our constitutional structure of separated powers, the nature of Presidential power requires that a former President have some immunity from criminal prosecution for official acts during his tenure in office,’ the Supreme Court ruled in Trump v. United States in 2024. ‘At least with respect to the President’s exercise of his core constitutional powers, this immunity must be absolute.’

Sources familiar with the matter told Fox News Digital that U.S. Attorney Jeanine Pirro’s team continues to review the Biden White House’s reliance on an autopen, contradicting a recent New York Times report that indicated the investigation had been paused.

Trump has pushed for consequences tied to the autopen controversy, alleging on social media that aides acted unlawfully in its use and raising the prospect of perjury charges against Biden.

Biden has rejected those claims, saying in a statement last year that he personally directed the decisions in question.

‘Let me be clear: I made the decisions during my presidency,’ Biden said. ‘I made the decisions about the pardons, executive orders, legislation and proclamations. Any suggestion that I didn’t is ridiculous and false.’

The House Oversight Committee has homed in on Biden’s clemency actions, including five controversial pardons for family members in the final days of his presidency, citing what it described as a lack of ‘contemporaneous documentation’ confirming that Biden directly ordered the pardons.

The committee asked the DOJ to investigate ‘all of former President Biden’s executive actions, particularly clemency actions, to assess whether legal action must be taken to void any action that the former president did not, in fact, take himself.’

Fox News Digital’s Ashley Oliver contributed to this report.

This post appeared first on FOX NEWS

In Investing

Lobo Tiggre: Gold, Oil in Times of War, Plus My Shopping List Now

March 6, 2026 No Comments

Lobo Tiggre of IndependentSpeculator.com shares his thoughts on how gold, silver and oil could be impacted by the developing situation in the Middle East.

He cautioned investors not to chase these commodities if prices run.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

In Investing

Chen Lin: Key Silver Date to Watch, My Favorite 2026 Commodities

March 6, 2026 No Comments

Chen Lin of Lin Asset Management weighs in on silver and gold, as well as the critical minerals market, which is his favorite sector for 2026.

He also discusses how conflict in the Middle East could impact the resource sector.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

In Investing

Alvopetro Announces February 2026 Sales Volumes

March 6, 2026 No Comments

Alvopetro Energy Ltd. (TSXV: ALV,OTC:ALVOF) (OTCQX: ALVOF) announces February sales volumes of 3,058 boepd (based on field estimates), a 1% decrease from January 2026 and an 8% increase over Q4 2025. In Brazil, February sales averaged 2,879 boepd, including natural gas sales of 16.2 MMcfpd and associated natural gas liquids sales from condensate of 185 bopd. In Canada, February sales averaged 179 bopd.

Natural gas, NGLs and crude oil sales:	February 2026	January 2026	Q4 2025
Brazil:
Natural gas (Mcfpd), by field:
Caburé	11,411	11,605	9,653
Murucututu	4,752	4,698	5,439
Total natural gas (Mcfpd)	16,163	16,303	15,092
NGLs (bopd)	185	175	184
Oil (bopd)⁽¹⁾	–	15	20
Total (boepd) – Brazil	2,879	2,908	2,719
Canada:
Oil (bopd) – Canada	179	191	148
Total Company – boepd⁽²⁾	3,058	3,099	2,867

(1)	Oil sales volumes in Brazil relate to the Bom Lugar and Mãe da lua fields. Alvopetro has entered into an assignment agreement to dispose of the fields, the closing of which is subject to standard regulatory approvals, including approval of the ANP.
(2)	Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation.

Social Media

Follow Alvopetro on our social media channels at the following links:
      X – https://x.com/AlvopetroEnergy
      Instagram – https://www.instagram.com/alvopetro/
      LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Abbreviations:

boepd	=	barrels of oil equivalent (‘boe’) per day
bopd	=	barrels of oil and/or natural gas liquids (condensate) per day
BRL	=	Brazilian real
e³m³/d	=	thousand cubic metre per day
m³/d	=	cubic metre per day
Mcf	=	thousand cubic feet
Mcfpd	=	thousand cubic feet per day
MMcf	=	million cubic feet
MMcfpd	=	million cubic feet per day
NGLs	=	natural gas liquids (condensate)

BOE Disclosure

The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

Contracted Natural Gas Volumes

The contracted daily firm volumes under Alvopetro’s long-term gas sales agreement of 400 e³m³/d (before any provisions for take or pay allowances) represent contracted volumes based on contract referenced natural gas heating value. Alvopetro’s reported natural gas sales volumes are prior to any adjustments for heating value of Alvopetro natural gas. Alvopetro’s natural gas is approximately 7.8% higher than the contract reference heating value. Therefore, to satisfy the contractual firm deliveries Alvopetro would be required to deliver approximately 371e³m³/d (13.1MMcfpd).

SOURCE Alvopetro Energy Ltd.

View original content: http://www.newswire.ca/en/releases/archive/March2026/05/c8049.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

In Investing

LITHIUM AFRICA CORP. ANNOUNCES UPSIZE IN PRIVATE PLACEMENT TO C$8.5M WITH LEAD ORDER FROM PURPOSE GLOBAL RESOURCE FUND

March 6, 2026 No Comments

/Not for distribution to United States newswire services or for dissemination in the United States/

Lithium Africa Corp. (TSXV: LAF) (‘Lithium Africa Resources’ or the ‘Company’) is pleased to announce that as a result of strong investor demand, the Company and ATB Cormark Capital Markets (the ‘Agent’) have agreed to increase the size of its previously announced ‘best efforts’ private placement from aggregate gross proceeds of C$5.0 million to aggregate gross proceeds of C$8.5 million (the ‘Offering’).

In connection with the Offering, the Company is pleased to announce that it has secured a lead order of approximately C$3.3 million from Purpose Global Resource Fund.

The Offering will consist of the issuance and sale of 4,250,000 units of the Company (the ‘Units‘) at a price of C$2.00 per Unit (the ‘Offering Price‘). Each Unit will consist of one common share of the Company (each, a ‘Unit Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to purchase one Common Share (a ‘Warrant Share‘) at an exercise price of C$2.80 per Warrant Share for a period of 3 years following the closing of the Offering.

The Agent will have the option, exercisable in whole or in part at any time up to 48 hours prior to the closing of the Offering, to sell an additional 750,000 Units at the Offering Price for additional gross proceeds of C$1,500,000.

As consideration for its services, the Agent will receive a 7.0% cash commission on the gross proceeds of the Offering and broker warrants (the ‘Broker Warrants‘) equal to 7.0% of the number of Units sold under the Offering. Each Broker Warrant shall entitle the holder thereof to acquire one Common Share at the Offering Price for a period of 2 years following the closing of the Offering.

The net proceeds from the sale of the Units will be used as partial consideration in connection with the acquisition of the Springbok Project and for working capital and general corporate purposes. An overview of the Springbok Project and the transaction terms are provided in the Company’s news release dated February 25, 2026.

The Offering is expected to close on or about March 18, 2026, or such other date as the Company and the Agent may mutually agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.

The Offering will be made way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces and territories of Canada and, in such other jurisdictions, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.

The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

About Lithium Africa Corp.

The Company has an established 50/50 joint venture partnership with GFL International Co., Ltd. to jointly advance exploration in Africa (the ‘LAF-GFL JV‘) and through the LAF-GFL JV, the Company has an indirect 50% interest in a portfolio of exploration assets in hard rock pegmatite districts across a number of prospective African regions covering Ivory Coast, Guinea, Mali, Morocco and Zimbabwe. For more information, please visit www.li-africa.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF Lithium Africa CORP.

Tyron Breytenbach, CEO & Director

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this news release that are not historical facts may be forward-looking statements, including statements in respect of the closing of the Offering, the use of proceeds of the Offering, the participation of Purpose Investment in the Offering, and the acquisition of Springbok Project. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the ability to raise funds through private or public equity financings; general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; risks inherent in exploration activities; the impact of exploration competition; unexpected geological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Lithium Africa Corp.

View original content: http://www.newswire.ca/en/releases/archive/March2026/05/c2612.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Related Article

Related Article

Related Article

Related Article

Related Article