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The TSX Venture Exchange has released its annual TSX Venture 50 ranking, recognizing the top-performing companies based on share price appreciation, market capitalization growth and Canadian trading value.

Among this year’s top 10 are six companies from the mining and oil and gas sectors.

Read on to learn about the companies and their assets.

1. Sintana Energy (TSXV:SEI)

Company Profile

Sintana Energy, a Canadian oil and natural gas exploration company, secured the third position on the TSX Venture 50.

The company’s share price rose an impressive 293 percent in 2024.

Sintana’s primary asset is its ownership interest in the VMM-37 block, located in Colombia’s Magdalena Basin. With offices in Toronto and Dallas, Sintana continues to strengthen its exploration portfolio.

2. Power Metallic Mines (TSXV:PNPN)

Company Profile

Power Metallic Mines ranked fourth overall on the TSX Venture 50 and saw a 365 percent increase in share price.

The company is focused on developing its Nisk project, a high-grade nickel-copper-PGMs-gold-silver asset in Québec, Canada. Nisk spans a 20 kilometer strike length, with multiple high-grade discovery zones.

Power Metallic Mines changed its name from Power Nickel, effective February 21, to better reflect the polymetallic nature of its flagship asset. CEO Terry Lynch emphasized in the announcement that the Lion zone’s high-grade copper, platinum and palladium assays necessitated a rebranding to align with the company’s evolving vision.

3. Montage Gold (TSXV:MAU)

Company Profile

Fifth place Montage Gold, which recorded a 193 percent share price appreciation last year, is advancing the Koné gold project in Côte d’Ivoire. The project is regarded as one of Africa’s highest-quality gold assets, boasting a 16 year mine life and an annual production target exceeding 300,000 ounces for the first eight years.

With an all-in sustaining cost of US$998 per ounce, the project is well positioned for economic viability.

Construction began in late 2024, with first gold production anticipated by Q2 2027.

4. Founders Metals (TSXV:FDR)

Company Profile

Canadian exploration company Founders Metals came in sixth place and experienced a 196 percent rise in share price. Founders Metals is focused on the Antino gold project in Suriname’s Guiana Shield.

Covering over 20,000 hectares, Antino hosts a past-producing mine that produced over 500,000 ounces of gold.

The company recently announced a high-grade gold discovery at the Van Gogh prospect, reporting an intersection of 28.5 meters at 7.12 grams per metric ton gold from a 2025 drilling campaign.

5. Q2 Metals (TSXV:QTWO)

Company Profile

Q2 Metals secured ninth place with a 214 percent share price appreciation.

The company is focused on its lithium projects in Québec’s Eeyou Istchee James Bay region.

Last year, the company acquired the Cisco lithium project, which comprises 767 claims across 39,389 hectares. Q2 Metals is also actively advancing the Mia lithium project, which hosts the MIA 1 and MIA 2 lithium occurrences along a 10 kilometer trend. Additionally, it owns the 3,972 hectare Stellar lithium project located near the Mia project.

6. Artemis Gold (TSXV:ARTG)

Company Profile

Artemis Gold rounds out the list in 10th place with a 118 percent share price appreciation. The company is focused on developing the Blackwater mine in BC, which holds a gold resource of over 10 million ounces.

The project has secured key regulatory approvals and is expected to become one of Canada’s largest gold mines. This January, Artemis announced its first gold and silver pour at Blackwater, marking a major milestone.

President and Chief Operating Officer Jeremy Langford noted that the crushing circuit has exceeded nameplate throughput, and the milling circuit is performing as expected. Commercial production remains on track for Q2 2025.

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

This post appeared first on investingnews.com

Statistics Canada released its January consumer price index (CPI) figures on Tuesday (February 18). The data showed that inflation ticked up on a yearly basis to 1.9 percent from the 1.8 percent recorded in December. On a monthly basis, CPI rose 0.1 percent in January following a 0.4 percent decline in December.

The rise in inflation was owed to a 5.3 percent increase in energy prices on an annualized basis, primarily gasoline and natural gas, after recording a more modest 1 percent gain the previous month. Headlining the gains was an 8.6 percent jump in gasoline prices versus the same period last year and a 3.5 percent increase over December.

The agency also released its December mineral production survey on Thursday (February 20). The report showed overall increases in copper, gold and silver production and shipments compared to November’s totals.

Copper production increased by over 5 million kilograms to 38.93 million kilograms in December, up from 33.23 million kilograms the prior month. Shipments saw a similar increase, with 49.17 million kilograms shipped compared to 44.6 million kilograms shipped in November.

Gold production increased to 17,325 kilograms from 16,573 kilograms in November. Meanwhile, shipments of the precious metal increased even more, coming in at 23,217 kilograms compared to 14,332 kilograms in November.

As for silver, December saw the highest production and shipment levels for silver in 2024. Silver production increased to 33,074 kilograms, up significantly month-over-month from 24,959 kilograms. Silver shipments jumped even more at 36,984 kilograms, a considerable uptick from November’s 23,709 kilograms.

In mining news, Anglo American (LSE:AAL,OTCQX:AAUKF) announced that its 50.1 percent owned subsidiary Anglo American Sur and Chilean state mining company Codelco signed a memorandum of understanding to create a framework for implementing a joint mining plan for the companies’ adjacent Los Bronces and Andina mines in Chile.

Anglo American says the new operating company will optimize the use of processing capacity between the two mines. The companies expect that the mines will produce an additional 2.7 million metric tons of copper over a 21-year period starting in 2030, and generate an additional US$5 billion in pre-tax value. The companies will retain full ownership of their respective properties.

Markets and commodities react

US equity markets were broadly down this week, with the S&P 500 (INDEXSP:INX) losing 1.67 percent to end Friday (February 21) at 6,013.12 and the Nasdaq-100 (INDEXNASDAQ:NDX) falling 1.93 percent to 21,614.08. The Dow Jones Industrial Average (INDEXDJX:.DJI) sank the furthest, down 2.89 percent to 43.428.03.

In Canada, markets were also in decline. The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 2.48 percent on the week to close at 634.69 on Friday, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 2.15 percent loss to hit 25,147.03 and the CSE Composite Index (CSE:CSECOMP) dropped 2.59 percent to 132.46.

After hitting new all-time highs on Wednesday, the gold price remained in record territory on Friday, seeing a 1.78 percent increase on the week to close at US$2,934.24 per ounce at 4:00 p.m. EST. Silver also saw gains this week, moving up 1.22 percent to US$32.52.

In base metals, the copper price was in decline this week, shedding 2.13 percent throughout the week to close at US$4.59 per pound on the COMEX. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) was flat, shedding 0.08 percent to close at 569.41.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

We break down this week’s five best-performing Canadian mining stocks below.

Data for this article was retrieved at 3:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Minsud Resources (TSXV:MSR)

Company Profile

Weekly gain: 47.06 percent
Market cap: C$156.7 million
Share price: C$1

Minsud Resources is a copper exploration company focused on advancing its operations in Argentina.

Its flagship project, Chita Valley, is located in San Juan and covers 19,883 hectares. The area hosts widespread porphyry copper-molybdenum-silver-gold mineralization and includes three core properties: the Chita, Brechas Vacas and the Minas de Pinto mineral concessions. Minsud’s primary target is its Chinchillones deposit.

Shares in Minsud saw recent gains following the release of a technical report for Chita Valley on February 14 reporting its January maiden mineral resource estimate (MRE) for the Chinchillones deposit. The deposit’s total indicated resource is 188 million metric tons (MT) of ore containing 466,000 MT of copper, 674,000 ounces of gold, 63.5 million ounces of silver, 6,800 MT of molybdenum and 291,000 MT of zinc.

The deposit also hosts an inferred resource of 573 million MT of ore containing 1.24 million MT of copper, 1.65 million ounces of gold, 166.6 million ounces of silver, 53,200 MT of molybdenum and 616,000 MT of zinc.

2. Kapa Gold (TSXV:KAPA)

Weekly gain: 32 percent
Market cap: C$11.58 million
Share price: C$0.165

Kapa gold is an exploration company focused on advancing the past-producing Blackhawk mine in San Bernardino County, California.

The project site is composed of seven patented and 178 contiguous federal lode claims covering 1,496.2 hectares. The property hosts multiple mineralized zones with previous exploration work revealing deposits with high grade gold, silver, lead and zinc. Historic production has seen grading from ramps and underground mines averaging 10 grams per metric ton (g/t) gold.

Kapa has not released news since January 7, when it announced that it was advancing baseline studies and surface exploration at Blackhawk. The company said the work was being conducted in preparation for a 2025 drill program, with data gathered being used to identify drill targets.

3. Power Metals (TSXV:PWM)

Company Profile

Weekly gain: 31.03 percent
Market cap: C$160.67 million
Share price: C$1.14

Power Metals is a lithium and cesium exploration company focused on its Case Lake project.

Located in Northeastern Ontario, the site is 10 kilometers by 9.5 kilometers in size and comprises 585 cell claims. Exploration at the site between 2017 and 2024 led to the discovery of pegmatite dykes bearing lithium, cesium and tantalum (LCT). Case Lake now consists of six spodumene dykes that form a mineralization trend of about 10 kilometers.

Assays from the site released on February 14 included a highlight of 8.07 meters grading 2.19 percent lithium oxide, 5.19 percent cesium oxide and 1,438 parts per million (ppm) tantalum. The results also included a 1 meter intersection bearing 1.85 percent lithium oxide, 11.7 percent cesium oxide and 208 ppm tantalum.

In addition to its most recent exploration news, Power Metals announced on February 10 that it had brought on DRA Global to begin work on a maiden mineral resource estimate and preliminary economic assessment for the Case Lake project. It expects to have the former completed by the end of Q1 2025, with the latter to follow in Q2.

Adding to Power Metals’ recent share gains was a release on February 5 in which the company reported that it had been awarded a new exploration permit for Case Lake. The new permit will remain valid for the next three years and will be used to target newly identified cesium targets uncovered in late 2024.

While the company did not release news this week, it continued its upward trend from recent weeks.

4. Minco Silver (TSXV:MSV)

Company Profile

Weekly gain: 29.73 percent
Market cap: C$12.82 million
Share price: C$0.24

Minco Silver is a development company working to advance its Fuwan silver project in China’s Guangdong province.

The property consists of three exploration permits covering a total of 125.74 square kilometers. Exploration to date has largely been focused on an area hosting 2.8 kilometers by 10 kilometers of strike.

A 2009 feasibility study for the property included a total probable reserve estimate of 55.3 million ounces of silver across 9.12 million metric tons of ore with an average grade of 189 g/t.

Shares in Minco have seen gains this past week but the company has not released news.

5. K2 Gold (TSXV:KTO)

Company Profile

Weekly gain: 29.03 percent
Market cap: C$24.65 million
Share price: C$0.18

K2 Gold is a gold exploration and development company with a portfolio of three assets located in Canada and the United States.

The company’s Wels project in Canada is composed of 351 contiguous quartz claims covering 7,200 hectares near Beaver Creek, Yukon. According to the project page, K2 says the deposit is similar to Newmont’s (TSX:NGT,NYSE:NEM) nearby 4 million ounce Coffee gold deposit.

In the US, K2 owns its flagship Mojave gold project in Inyo County, California, which covers 5,830 hectares with 12 exploration targets. In addition to gold, Mojave also contains mineralization of copper, silver, lead and zinc.

The company’s final asset is the Si2 gold project in Esmeralda County, Nevada, US. The site consists of 118 Bureau of Land Management lode claims covering 986 hectares in the Walker Land trend. Exploration has indicated gold-bearing mineralization, with concentrated veins hosted by fault structures at depth.

On January 17, K2 announced that it signed an agreement with Orogen Royalties (TSXV:OGN) to accelerate its acquisition of a 100 percent stake in the Si2 project.

The new deal will see K2 pay Orogen C$250,000 in cash or common shares and a 2 percent net smelter return royalty to immediately acquire the property, replacing a January 2022 deal in which K2 had to make US$200,000 in cash payments and C$2.3 million in exploration expenditures.

The release also included results from an alteration study on Si2 drill core that determined the presence of an intact, low-sulfidation epithermal gold system.

K2 said the acquisition “allows us the flexibility to advance the project at our own pace as we approach the final steps in permitting at K2’s flagship Mojave project.

The Company’s most recent news came on February 21, when it said it had increased its previously announced non-brokered private placement to C$3 million in capital through the sale of 20 million units at a price of C$0.15 per share. The funds will be used for exploration and permitting at the Mojave gold project.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many companies are listed on the TSXV?

As of June 2024, there were 1,630 companies listed on the TSXV, 925 of which were mining companies. Comparatively, the TSX was home to 1,806 companies, with 188 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

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

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

This post appeared first on investingnews.com

Nuvau Minerals Inc. (TSXV: NMC) (‘Nuvau’ or the ‘Company’) is pleased to announce that the Company will be participating in two conferences over the next month: the BMO Global Metals, Mining, and Critical Metals Conference and the Prospectors and Developers of Canada Conference (PDAC). The focus at both will be meeting with existing shareholders and new investors to talk about progress at Nuvau’s Matagami Project in Québec.

‘Nuvau is participating in these conferences to share our story with a broader audience,’ said Peter van Alphen, the Company’s Chief Executive Officer. ‘We are looking forward to providing current and new investors with a deeper insight into the Matagami opportunity, including the exploration potential for base metals and gold on this large land package in the Northern Abitibi, as well as the rare opportunity to bring this property back into production in the near term. If you are attending either of these events, please schedule a one-on-one meeting with us or stop at our booth to speak with our team.’

  • 34th Annual BMO Global Metals, Mining, and Critical Metals Conference
    Peter van Alphen, CEO, and Steve Filipovic, CFO, will attend the BMO Conference in Florida from February 23-26, 2025, to participate in one-on-one meetings with some of our existing investors as well as new potential investors.
  • PDAC 2025
    The Nuvau team will be at Booth 2349 of the Investors Exchange on Sunday, March 2 to Wednesday, March 5. Nuvau again will use this event to meet with new and current investors to introduce the company and provide an update on current activities.

    Peter van Alphen will be presenting at the Québec Day, hosted by the Québec Ministry of Natural Resources and Forests. The presentation will take place on Tuesday, March 4 at 2:35 ET in room 206D in the North Building.

The Matagami Opportunity
The Matagami Mining Camp represents a compelling investment opportunity. Located in the northern Abitibi Greenstone belt in the province of Québec, the Matagami property is in the heart of a region that boasts a history of significant mineral endowment. The exploration potential of the Matagami property is substantial, with over 1,300 km² of highly prospective ground in a region renowned for its base and precious metal deposits.

In addition to the exploration potential, mineral resources have been identified on the property including three deposits collectively referred to as the Caber Complex. These resources represent a potential mine life of nearly 10 years as determined in the PEA prepared by Nuvau.

The property is also unique in the region as it includes extensive existing infrastructure including a permitted, 3,000 tonne per day, processing plant, and the permitted past-producing Bracemac McLeod Mine. This infrastructure will significantly reduce initial capital requirements if the Company reaches the point of restarting production.

About Nuvau Minerals Inc.
Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

For more information go to our website www.nuvauminerals.com.

For further information please contact:

Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6023
Email: pvanalphen@nuvauminerals.com

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Disclaimer & Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements‘) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-Looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the Agreement. Forward-Looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241898

News Provided by Newsfile via QuoteMedia

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The body of a woman who was presumed to have been one of four slain hostages murdered in cold blood by Hamas and handed over to Israel this week was allegedly turned over by the terror group on Friday.  

Hamas handed over a coffin allegedly carrying the remains of Shiri Bibas to the Red Cross.The coffin was then turned over to Israeli authorities, who will transport it to the National Institute of Forensic Medicine for identification. 

The development follows Israel’s demand for the return of Bibas’ body after discrepancies were found in a previous transfer on Thursday. 

Bibas was initially believed to have been one of four hostages handed over to Israel on Thursday, following confirmation by Hamas. However, Israel’s National Institute of Forensic Medicine could only verify the identities of her two children.  

It was discovered that the body in a coffin bearing Shiri Bibas’ name and photo was an unidentified woman, and not the kidnapped mother of two, causing widespread outrage in Israel. 

The two children were identified as Ariel and Kfir Bibas, ages four and ten months, who were killed by Hamas terrorists with their bare hands, Israel said. The fourth body was not identified but was believed to be Oded Lifshitz, a retired journalist and activist.

The Israel Defense Forces said it was in contact with the Bibas family.

‘For months, we prayed for the Bibas babies to come home. Yesterday, our worst nightmare was confirmed,’ IDF Spokesperson Rear Adm. Daniel Hagari said, ‘Kfir and Ariel were murdered in cold blood. The terrorists didn’t shoot them—they killed them with their bare hands. Then, they committed horrific acts to cover up their crimes.’

In response to the findings, the Hostages and Missing Families forum said it was ‘shaken to the core by the horrifying findings.’

‘This barbaric act is yet another undeniable testament to the unfathomable brutality of those who continue to hold our loved ones captive,’ the group said in a statement. ‘The very same hands that slaughtered Ariel and Kfir are the ones keeping our fathers, mothers, sons and daughters in unimaginable conditions.’

‘Today is a tragic day,’ Israeli Prime Minister Benjamin Netanyahu said Friday. ‘It’s a day of boundless sorrow, of indescribable pain. Four-year-old Ariel Bibas, his baby brother one-year-old Kfir, and 84-year-old Oded Lifshitz were brutally murdered by Hamas savages.’

Danny Danon, Israel’s ambassador to the United Nations, said that Hamas ‘continues to violate every basic moral value,’ even after the death of the two children. 

‘Instead of returning Shiri, the mother of Kfir and Ariel, Hamas returned an unidentified  body, as if it were a worthless shipment. This is a new low, an evil and cruelty with no parallel,’ he added.

The young boys and their mother were abducted from their home by Hamas terrorists during the terror group’s deadly Oct. 7, 2023 attack. Yarden Bibas, Ariel and Kfir’s father, tried to protect them and was abducted prior to the kidnapping of his wife and children, the IDF said.

Hamas hands over bodies of 4 slain Israeli hostages

Yarden returned as part of the agreement for the return of the hostages on Feb. 1. Netanyahu said that Hamas will pay ‘the full price’ for not following through with returning Shiri Bibas’ body.

‘God will save their blood, and we will take revenge, too,’ he said. 

Fox News’ Yonat Friling contributed to this report. 


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U.S. Attorney General Pam Bondi on Friday said the Jeffrey Epstein client list is ‘sitting on my desk right now’ and she is reviewing the JFK and MLK files as well after President Donald Trump’s earlier directives. 

‘It’s sitting on my desk right now to review,’ Bondi told ‘America Reports’ host John Roberts on Friday. ‘That’s been a directive by President Trump.’

Bondi also stated she is ‘reviewing’ the JFK and MLK files, which the president signed an executive order to declassify at the start of his second term. 

‘That’s all in the process of being reviewed, because that was done at the directive of the president from all of these agencies,’ Bondi said. 

When asked if she had ‘seen anything,’ Bondi responded, ‘Not yet.’

Trump’s return to the Oval Office came with the prospect of the public finally being able to see Epstein’s long-awaited ‘black book’ amid inquiries into the deceased financier and sex trafficker.  

Epstein, a 66-year-old millionaire financier with a private island in the U.S. Virgin Islands and mansions around the country, died in federal custody in 2019 while awaiting trial on sex trafficking charges.

Bondi herself advocated for the release of the Epstein list in 2024, telling Sean Hannity at the time, ‘It should have come out a long time ago.’ 

Shortly after kicking off his second term, Trump signed an executive order to declassify files on the assassinations of President John F. Kennedy, his brother Robert F. Kennedy and civil rights icon Martin Luther King Jr. 

‘Everything will be revealed,’ Trump told reporters as he signed the order in the Oval Office.

Trump had previously promised on the campaign trail to declassify the documents upon entering his second term, saying at the time, ‘When I return to the White House, I will declassify and unseal all JFK assassination-related documents. It’s been 60 years, time for the American people to know the TRUTH!’

Earlier this month, the Director of National Intelligence (DNI) and the attorney general reached their deadline to release their proposed plan for the declassification of the JFK files. 

The FBI announced shortly thereafter that it had uncovered thousands of records connected to the JFK assassination. Axios initially reported that the agency had released 2,400 records tied to the Nov. 22, 1963, assassination of Kennedy, which were not provided to the board that reviewed and disclosed the files.

It was upon DNI’s plan submission to release the files that it reportedly disclosed the records’ existence. 

Fox News confirmed at the time with a person familiar with the records that the files were uncovered during the review.

Fox News’ Greg Wehner and Patrick Ward contributed to this report. 


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After being confirmed by the U.S. Senate, President Donald Trump’s new FBI Director Kash Patel is not wasting any time in taking the reins at the country’s top investigative agency, which has been marred by recent scandals and a breakdown in public trust.

Even before being sworn in to begin his 10-year term later this afternoon, Patel will be spending the day meeting with his new staff at the FBI’s J. Edgar Hoover Building.

Patel has previously said that he would shut down the FBI building on day one. Though there is no indication that Patel plans to do that today, he is expected to make some changes. These include moving agents and other employees into the field and working to instill transparency between the agency and the public.

In his first statement to Fox News post-confirmation, Patel said that his mission is clear: ‘Let good cops be cops—and rebuild trust in the FBI.’

Patel was confirmed Thursday afternoon in a narrow 51-49 vote in the Senate. He faced staunch opposition from Democrats who accused him of wanting to reform the FBI for the sake of political interests.

Rank-and-file agents, however, have expressed to Fox that they agree change is needed, but many are waiting to see how far Patel will go.

The FBI under the Biden administration’s leadership has faced repeated scandals over the last four years. 

Among those was when former FBI Director Christopher Wray faced backlash amid the attempted assassination against Trump when he appeared before the House Judiciary Committee and cast doubt on whether the president was struck by a bullet or just shrapnel. 

In January 2023, conservative lawmakers slammed an internal FBI memo from the Richmond field office titled ‘Interest of Racially or Ethnically Motivated Violent Extremists in Radical-Traditionalist Catholic Ideology Almost Certainly Presents New Mitigation Opportunities.’

The memo identified ‘radical-traditionalist Catholic[s]’ as potential ‘racially or ethnically motivated violent extremists’ and said that ‘racially or ethnically motivated violent extremists (RMVEs) in radical-traditionalist Catholic (RTC) ideology almost certainly presents opportunities for threat mitigation through the exploration of new avenues for tripwire and source development.’

The DOJ and FBI were also heavily criticized by parents nationwide in 2021 when Attorney General Merrick Garland issued a memo directing the FBI to use counterterrorism tools related to parents speaking out at school board meetings against transgender-related issues and critical race theory curricula.

Speaking at CPAC on Thursday night, Elon Musk said that he is hopeful Patel will get to the bottom of the assassination attempt, earning cheers from the crowd.

After being confirmed, Patel said that the ‘politicization of our justice system has eroded public trust—but that ends today.’

‘American people deserve an FBI that is transparent, accountable, and committed to justice,’ Patel said. ‘Working alongside the dedicated men and women of the Bureau and our partners, we will rebuild an FBI the American people can be proud of. And to those who seek to harm Americans—consider this your warning. We will hunt you down in every corner of this planet. Mission First. America Always. Let’s get to work.’

Patel will be sworn in as the ninth director of the FBI outside the Hoover Building at 4 p.m. on Friday. Vice President JD Vance is expected to be present for the swearing-in ceremony. 

Fox News Digital politics reporter Emma Colton contributed to this report. 


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With the market selling off into the close today, it’s too early to write my usual “best five sectors” article. The risk of ranking changes is too high. I will make sure that an update will be posted before the markets open on Monday.

Instead, I want to build on this week’s RRG video analysis, where I examined the current strength of commodities and looked at growth, value, and size rotation.

You can see that video here.

Rotation Signals Commodities Springing Back to Life!

The synopsis of that analysis? Large-cap growth stocks are once again the preferred segment of the market. This underscores what’s happening right now — when the market is under pressure, investors usually flock to large-cap stocks. They’re familiar and supposedly less risky.

Cap-weighted vs Equal weight Sectors

Let’s dive deeper by comparing cap-weighted sectors with their equal-weighted counterparts. The two RRGs above illustrate these relationships. At first glance, most tails move in similar directions, though not necessarily in the same areas or quadrants. However, two sectors stand out in terms of divergent behavior: Staples and Financials.

RSPS (equal-weight Staples) has a short, southward-pointing tail inside the improving quadrant. On the other hand, XLP (cap-weighted Staples) is in the lagging quadrant but is picking up steam. For Financials, RSPF (equal-weight) weakens with a negative heading, while XLF (cap-weighted) rotates back towards the leading quadrant.

Cap-weighted vs Equal weight sectors on RRG

To simplify this analysis, I’ve created an RRG directly comparing cap-weighted to equal-weighted ETFs. This makes the trends crystal clear — cap-weighted sectors (dominated by large caps) are mostly moving with positive headings on the left side of the graph, either lagging or improving.

As our inputs are already ratios, we only want to know if that ratio is improving or deteriorating, so we use $one as the benchmark.

The Exceptions

There are a few notable exceptions to this trend:

Consumer Discretionary: A long tail moving from leading into weakening indicating.

Communication Services: Inside the leading quadrant but rolling over.

Technology: Just moved from leading to weakening.

For all three sectors, the dominant position of the larger names (mega caps) is fading and sector breadth is expanding.

These exceptions are particularly interesting because they represent some of the largest sectors in the market.

Large Cap vs Small Cap

Large- vs Small-Cap comparison on RRG

A similar exercise comparing large-cap and small-cap sectors reinforces the overall trend—large caps are generally outperforming. This comparison is even clearer, as these are real market CAO comparisons. In the first comparison above, there is only a weighting difference; all the stocks in these sectors are the same.

In this comparison, the constituents for the sectors are not the same, and they show the true difference between large- and small-cap stocks.

The only sector where small caps are about to take over is in Consumer Discretionary where we see a tail moving from leading towards, and almost crossing over into, weakening.

This aligns with the risk-off sentiment we’re seeing in the broader market.

S&P 500 Chart Analysis

To summarize, let’s examine the SPY chart. After hovering around this level for a few days, the market has tried—and failed—to break above 610 decisively. Friday saw a big down day, closing below the rising support line. This suggests more weakness ahead and underscores the expectation that the S&P 500 needs time to digest within a trading range.

What does that range look like? In my opinion, we’re probably looking at a lower boundary between 580 and 585 and an upper boundary between 610 and 615. The weekly chart still shows an intact uptrend, but it’s clear we need some sideways or corrective price action to digest the gains of the last year (or year and a half, depending on where you anchor the rally’s start).

The Big Picture

All in all, the overall uptrend in the S&P 500 remains intact. However, we need a bit more sideways or corrective price action to digest recent gains. Large caps generally outperform, with some interesting exceptions in mega-cap-dominated sectors.

As always in markets, it’s all relative — and right now, the relative strength favors the big boys.

#StayAlert and have a great weekend. –Julius

The market declined heavily on Friday likely setting up for more downside ahead. We had already begun to notice that mega-cap stocks were beginning to weaken. You can see this on the relative strength line of the SPY versus equal-weight RSP. The relative strength line has been in decline. You’ll notice that when the mega-caps underperform, the market tends to as well.

A look at the Magnificent Seven ETF (MAGS) has been showing a declining trend all year long. We have flat bottoms and a declining tops trendline and that forms a bearish descending triangle. Not only is the chart pattern unfavorable, but so are the indicators. The RSI is now in negative territory and the Price Momentum Oscillator (PMO) has topped beneath its signal line. Stochastics also look terrible as they decline in negative territory below net neutral (50). Relative strength against the SPY is also in decline.

Conclusion: The market is already in decline and it doesn’t appear there will be any help by the mega-caps, particularly the Magnificent Seven which are in decline overall based on MAGS ETF. The market struggles when these big guys don’t perform so we have downside pressure to add to an already weak looking SPY.



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Targeting high-demand copper-gold projects, Metal Bank (ASX:MBK) offers a compelling investment opportunity by exploring assets in Australia, Saudi Arabia and Jordan. The company focuses on optimizing and divesting the Livingstone gold project to generate capital for expanding its copper projects in the Middle East. Metal Bank’s strong regional presence, particularly in Saudi Arabia and Jordan, is underpinned by deep industry relationships and extensive operating experience.

The company is securing copper and other critical minerals projects in Saudi Arabia, through its joint venture company, Consolidated Mining Company (CMC). CMC is 60 percent owned by MBK and 40 percent by Central Mining Holding Company. Its first project, Wadi Al Junah, has been awarded exploration licences in November 2024.

Metal Bank

Wadi Al Junah is a joint venture through Consolidated Mining Company (CMC, MBK 60 percent). Exploration activities include regional geochemical surveys, surface mapping, and shear-zone anomaly identification. Phase 1 drilling is planned for Q2 2025.

Company Highlights

  • Strategically focused on copper exploration and development, leveraging extensive experience and partnerships in the MENA region. Aiming for long-term growth from copper assets.
  • Focused on the Livingstone gold project divestment, with ongoing JORC resource optimization, and strong corporate acquisition interest. If divested, proceeds are earmarked to fast-track exploration on the company’s copper projects.
  • Expanding in Saudi Arabia by progressing the Wadi Al Junah copper project through a joint venture with Central Mining Holding Company.
  • Disciplined capital allocation approach focused on low overheads and in-ground exploration investment.
  • The company’s leadership team brings a proven track record in Saudi Arabia and Australia of exploration success and project execution, positioning the company for long-term value creation in the critical minerals market.

This Metal Bank profile is part of a paid investor education campaign.*

Click here to connect with Metal Bank (ASX:MBK) to receive an Investor Presentation

This post appeared first on investingnews.com